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Adecoagro S.A. (NYSE: AGRO) is a leading agricultural company based in Luxembourg, with extensive operations across South America, specifically in Argentina, Brazil, and Uruguay. The company focuses on sustainable production across various sectors, including farming crops, dairy, sugar, ethanol, energy production, and land transformation.
Core Business Segments:
- Farming: This segment involves the planting, harvesting, and sale of grains, oilseeds, fibers, and rice. It also includes dairy operations with a focus on milk production and sales.
- Sugar, Ethanol, and Energy: Adecoagro cultivates sugarcane, which is then processed in its owned mills to produce sugar and ethanol. The company also generates renewable energy from these operations.
- Land Transformation: This segment entails the acquisition and development of underutilized farmland, enhancing its productivity and value.
Adecoagro operates over 210.4 thousand hectares of farmland and multiple industrial facilities. These operations produce over 2.8 million tons of agricultural products and generate more than 1 million MWh of renewable electricity annually.
Recent Achievements:
- Filing of Form 20-F for the fiscal year 2023 with the SEC, highlighting robust financial performance and sustainability efforts.
- Approval of a $17.5 million cash dividend distribution, reflecting strong shareholder returns.
- Record quarterly results with significant increases in sugarcane crushing volumes and sugar production.
- Completion of significant farmland sales at premiums to independent appraisals, showcasing successful land transformation projects.
Financial Performance:
The company reported an all-time high Adjusted EBITDA of $476.6 million for 2023, a 10.1% increase year-over-year, driven by strong performances in its Rice and Sugar, Ethanol, and Energy segments. The net debt was reduced by 25.9% to $502.5 million, achieving a net debt/Adjusted EBITDA ratio of 1.1x.
Commitment to Sustainability:
Adecoagro is dedicated to reducing its carbon footprint by 20% by 2030, leveraging innovative agricultural practices and sustainable energy production.
For further details and the latest updates, visit the Investors section on Adecoagro's website.
Adecoagro S.A. (NYSE: AGRO) reported its Q1 2022 results with net income soaring to $65.2 million, a 3.4x increase year-over-year, while adjusted EBITDA fell by 20.8% to $86.5 million, primarily due to lower yields and prices in its rice segment. The company declared a cash dividend of $35 million, payable in two installments, with $17.5 million on May 17, 2022. Additionally, Adecoagro's strong performance in sugar and ethanol sales helped offset some losses from the agricultural sector, particularly rice, which suffered due to adverse weather.
Adecoagro S.A. (NYSE: AGRO) announced the filing of its Form 20-F for the fiscal year ended December 31, 2021, with the SEC. The document can be accessed on the SEC's website or in the 'Investors' section of Adecoagro's official website. Shareholders can request a hard copy of the audited financial statements at no charge. The company operates over 219.8 thousand hectares in Argentina, Brazil, and Uruguay, producing more than 2.7 million tons of agricultural products and over 1 million MWh of bioelectricity, highlighting its significant role in South America's agro-industrial sector.
Adecoagro S.A. (NYSE: AGRO) announced a cash dividend distribution of $17.5 million, equating to approximately $0.1571 per share.
The dividend will be payable to shareholders on record as of May 2, 2022, with payment set for May 17, 2022. This marks the first installment of a two-part dividend, with the second installment expected around November 2022, both subject to a 15% Luxembourg withholding tax.
Adecoagro S.A. (NYSE: AGRO) reported significant financial results for the year ended December 31, 2021. Gross sales reached $1.1 billion, a 33.5% increase year-over-year. Adjusted net income for 2021 stood at $156.8 million. The company announced a minimum dividend distribution of $35 million in 2022, alongside a share repurchase of 6.2 million shares. Additionally, Adecoagro plans to acquire rice production operations in Uruguay for approximately $18 million, aiming for an annual Adjusted EBITDA contribution of $10 million.
Adecoagro S.A. (NYSE: AGRO) announced its Q3 results for 2021, reporting a net sales increase of $757.7 million, a 34.1% year-over-year rise. The Sugar, Ethanol & Energy segment's Adjusted EBITDA reached $138.1 million, up 59.8%, while Farming & Land Transformation grew 32.6%. Net income for Q3 hit $37.0 million, boosted by increased production and market prices despite rising costs including a $25.2 million hike in expenses. Adecoagro plans to implement a dividend policy distributing a minimum of $30 million annually from 2022.
Adecoagro S.A. (NYSE: AGRO), a sustainable production company in South America, announced its third quarter 2021 Earnings Release will be filed on November 10, 2021, ahead of schedule due to Veterans Day. The previously scheduled Conference Call on November 12 at 8 AM US EST will take place as planned. Adecoagro operates over 220,000 hectares in Argentina, Brazil, and Uruguay, producing more than 1.9 million tons of agricultural products including sugar, ethanol, and dairy.
Adecoagro S.A. (NYSE: AGRO) filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2020, on April 28, 2021. This report details the company's financial performance and is accessible on Adecoagro's website. The company, a leader in South America’s agricultural sector, manages over 220,000 hectares of farmland and produces more than 1.9 million tons of various agricultural products, including sugar, ethanol, and dairy. Shareholders can request a hard copy of the report, which includes audited financial statements.
Adecoagro S.A. (NYSE: AGRO) reported strong financial results for the second quarter of 2021, with net sales reaching $278.8 million, a 54% increase year-over-year, while 6-month sales totaled $449.1 million. Adjusted EBITDA for the Sugar, Ethanol & Energy segment rose 62.1% to $73.6 million. However, the Farming segment saw a 19.2% decline in adjusted EBITDA, totaling $32.4 million. The company also announced a share repurchase program, having bought back over 3 million shares, and reported a net income of $15.7 million.
Adecoagro S.A. (NYSE: AGRO) announced robust results for Q1 2021, reporting an Adjusted EBITDA of $109.1 million, a 78.7% year-over-year increase. Key drivers included a 42.1% rise in the Sugar, Ethanol & Energy segment and over 2x growth in Farming and Land Transformation. Adjusted Net Income reached $54.5 million, up 24.4% from the prior year. The company also continued its share repurchase program, acquiring 1.5 million shares at an average price of $7.96 per share, totaling $12 million.
Adecoagro S.A. (AGRO) reported strong financial results for Q4 2020, with Adjusted EBITDA reaching $97.5 million, a 47% increase year-over-year, and annual Adjusted EBITDA of $341.9 million, up 12.1%. Adjusted Net Income for Q4 was $30.3 million, up $35.3 million year-over-year. The company achieved positive cash flow, with Adjusted Free Cash Flow from Operations of $108.6 million. Notable growth was seen in the Sugar, Ethanol & Energy sectors, and Farming businesses. Adecoagro executed a share repurchase program and completed a farmland sale at a 70% premium over appraisal value.
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