Adecoagro approved a cash dividend of $35 million. Net sales in 1Q22 of $201 million, 18.1% higher year-over-year
Retrieved on:
Thursday, May 12, 2022
Internet, Risk, Company, Natural gas, International, EBITDA, Lluís Companys, Depreciation, Crop, Imperial Solar Energy Center South, Share repurchase, Mission statement, Income, Rice, Ethanol, Steam, BRL, Industry, Metso Outotec, Weather, Carbon, Methane, Bloomberg, Mato, NCFO, Sale, IFRS, International Financial Reporting Standards, Non, Acquisition, Phrase, Viterra, Reuters, NYSE, Security (finance), Agriculture, Renewable energy, Cryptocurrency, Holding company, Public relations
Adjusted EBITDA in the Sugar, Ethanol & Energy business was flattish year-over-year despite lower crushing, on account of strong sales.
Key Points:
- Adjusted EBITDA in the Sugar, Ethanol & Energy business was flattish year-over-year despite lower crushing, on account of strong sales.
- Adjusted EBITDA in our Sugar, Ethanol & Energy business reached $57.3 million in 1Q22, only 1.5% lower compared to 1Q21.
- Crushing volume during 1Q22 amounted to 0.3 million tons as we resumed harvesting activities in our Cluster in mid-March, following a short interharvest period.
- A conference call to discuss 1Q22 results will be held on May 13, 2022 with a live webcast through the internet: