An analysis of the first six months of the 2020-21 season tells us that total income increased 39.76% in the first 6 months of the 2020-21 season (“2H20”) in comparison with the same period of the 2019-20 season (“2H19”), reaching ThUS$423,267. Higher income is due to a 35.49% increase in commercialized volume, reaching 51,616 tons, linked to:
- The excellence of its commercial platforms which provide the best customer service with new and diverse product formats, design to optimize the production curve, which allowed to have an early start-up of the season in Peru, and 3) the increase in average price per kilo of 5.79%, recording prices above the market benchmark.
- Thereby, during the 2H20, the Company recorded an EBITDA of ThUS$129,459, increasing 70.48% in relation to the ThUS$75,938 EBITDA recorded in the 2H19. EBITDA mainly increased because of the 35.49% increase in the volume commercialized during the period, influenced by the aforementioned forwarding of the season in Peru, thanks to the design to optimize its production curve, which meant a distributed volume of approximately 35,100 tons during the 2H20 from this country (+29.78% compared to the 2H19).
To this we add the 5.79% increase in the average price of the fruit mix, which contributed to improving margins, especially of own plantations. The EBITDA of the 2H20, without the Fair Value impact of fruit on bearer plants, reached ThUS$130,952, which represented a 72.50% increase compared to the ThUS$75,914 EBITDA in the 2H19.