The turnover decrease coincides with a decrease of 8 to 10 percent of the apple harvest last year. Agrofresh, which offers solutions for storage and quality maintenance during storage, primarily for apples, therefore saw its turnover decrease by 3 percent to 164 million dollars.
Margo Loeble, Executive Vice President and Chief Financial Officer: "Our results over 2015 are in line with our earlier guide lines and reflect a strong company model and profit profile despite the challenges, mainly the lower apply harvest in the northern hemisphere after a record harvest in 2014." The impact of the smaller apple harvest could be partially compensated by a focus on other fruits and entering new markets. In the end there was a loss of 14.4 million dollars.
Over the last quarter of last year the company made a turnover of 51 million dollars, a decrease of 18 percent on a comparative basis. The apple harvest also plays an important role in this result. The harvest last year was earlier than in 2014. Combines with the smaller harvest, this resulted in a lower turnover in the fourth quarter compared to 2014.
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Margo Loeble, Executive Vice President and Chief Financial Officer: "Our results over 2015 are in line with our earlier guide lines and reflect a strong company model and profit profile despite the challenges, mainly the lower apply harvest in the northern hemisphere after a record harvest in 2014." The impact of the smaller apple harvest could be partially compensated by a focus on other fruits and entering new markets. In the end there was a loss of 14.4 million dollars.
Over the last quarter of last year the company made a turnover of 51 million dollars, a decrease of 18 percent on a comparative basis. The apple harvest also plays an important role in this result. The harvest last year was earlier than in 2014. Combines with the smaller harvest, this resulted in a lower turnover in the fourth quarter compared to 2014.
Click here to see the full press report
