Camposol Holding reports sales of $72.8 million in Q2 2014

Camposol Holding Ltd reported sales of USD 72.8 million in the second quarter of 2014, up 55.6% from Q213 mainly due to an increase in volume sold of fresh avocados as well as higher prices of preserved asparagus.

During the second quarter of 2014, EBITDA was USD 16.3 million, 165.5% higher than Q213, explained mainly by higher volumes of avocados. EBITDA margin for Q214 increased to 22.4%.

Volume sold during Q214 was 31,786 net MT, up 68.3% from Q213 explained mainly by an increase in volumes of fresh avocados.

Average price was USD 2.29 per net KG, down 7.7% from the same period in 2013 mainly explained by a decrease in prices of shrimps.

As of June 30th 2014, the Company maintained a cash balance of USD 27.6 million.

The long term growth prospects for exotic fruits and vegetables markets are excellent. Avocados and mango are growing, with headroom for increased per capita consumption in key markets. In the case of asparagus, although consumption is stable, supply is falling due mainly to reduced exports from China. The Company expects good demand for all fresh produce in general and for avocados specifically in both the United States and Europe.

For more information:
Samuel Dyer Coriat
Camposol
Email: sdyerc@camposol.com.pe