LIMA, PERU - Camposol Holding has reported its Q4 2014 results and its preliminary year 2014 results. 

Though the company saw sales of $73 million in the fourth quarter of 2014, down 10.3% from Q4 2013, the total sales for 2014 reached $267.6 million, up $15.7% from 2013.

“The long-term growth prospects for exotic fruits and vegetables markets are excellent. Avocados and mangos are growing, with headroom for increased per capita consumption in key markets,” the report said. “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.”

The company expects to continue its diversification strategy by increasing the production capacity of blueberries and shrimp and other minor related products.

Other notable highlights from the report include:

• Volume sold is down 13.5% from the same period in 2013 
• Average price up 3.6% from the same period in 2013
• Sales down 10.3% from Q4 2013
• Average cost of goods sold is up 18.4% from the same period last year.
• EBITDA 59.1% lower than Q4 2013 
• EBITDA margin decreased to 9.2% in 2014 from 20.2% in 2013.
• The company maintained a cash balance of $38 million in 2014.

The report also touched on Camposol’s recent acquisition of INY SA and Pesquera ABC S.A.C. in 2014 which together had revenues in the amount of $43.8 million and EBITDA of $4.9 million. After these acquisitions, the company owns approximately 1,300 Has dedicated to shrimp farming, as well as three processing plants.

Stay tuned to AndNowUKnow as we continue to bring you the lastest financial news and analysis from the fresh produce industry.

Camposol