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Earnings Call Summary | Adecoagro(AGRO.US) Q4 2023 Earnings Conference

Earnings Call Summary | Adecoagro(AGRO.US) Q4 2023 Earnings Conference

業績電話會議摘要 | Adecoagro (AGRO.US) 2023 年第四季度業績發佈會
moomoo AI ·  03/15 13:24  · 電話會議

The following is a summary of the Adecoagro S.A. (AGRO) Q4 2023 Earnings Call Transcript:

以下是Adecoagro S.A.(AGRO)2023年第四季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • Adecoagro reported Q4 gross sales of $400 million, up 5% YoY, and reached an annual gross sales record of $1.4 billion, reflecting a 7% increase.

  • Q4 adjusted EBITDA fell by 9% YoY to $96 million, marking a total adjusted EBITDA of $477 million for the year, a 10% YoY increase.

  • Net cash from operations in 2023 rose by 24% to $176 million.

  • Total cash cost rose by 6% YoY to $0.139 per pound of sugar, while the company managed to decrease its net debt by 26% to $503 million.

  • Adecoagro報告稱,第四季度總銷售額爲4億美元,同比增長5%,並創下了14億美元的年度總銷售額記錄,增長了7%。

  • 第四季度調整後的息稅折舊攤銷前利潤同比下降9%,至9,600萬美元,標誌着該年度調整後的息稅折舊攤銷前利潤總額爲4.77億美元,同比增長10%。

  • 2023 年的運營淨現金增長了 24%,達到 1.76 億美元。

  • 總現金成本同比增長6%,至每磅糖0.139美元,而該公司設法將其淨負債減少了26%,至5.03億美元。

Business Progress:

業務進展:

  • Adecoagro expects to increase sugarcane crushing by around 5% leading to higher yields.

  • The company plans to maintain focus on sugar operation as it is currently more profitable than ethanol.

  • Plans on expanding plantings to fill capacity in MatoGrosso do Sul and to substantially increase biomethane production within the next four years.

  • The company's sustainability initiatives contributed significantly to its performance.

  • Adecoagro's Angelica mill facility in Brazil obtained the CORSIA certification, recognizing its ethanol for Sustainable Aviation Fuel production.

  • The company continues farming over 270,000 hectares of grains and rice, anticipating a significant recovery in adjusted EBITDA in 2024.

  • Investments in rice and dairy businesses are expected to yield promising results.

  • Adecoagro預計將使甘蔗的破碎量增加約5%,從而提高產量。

  • 該公司計劃繼續關注糖業業務,因爲糖業目前比乙醇更有利可圖。

  • 計劃擴大種植面積,以填補南馬託格羅索的產能,並在未來四年內大幅增加生物甲烷產量。

  • 該公司的可持續發展舉措爲其業績做出了重大貢獻。

  • Adecoagro在巴西的Angelica工廠獲得了CORSIA認證,以表彰其用於可持續航空燃料生產的乙醇。

  • 該公司繼續種植超過270,000公頃的穀物和大米,預計2024年調整後的息稅折舊攤銷前利潤將大幅回升。

  • 對大米和乳製品業務的投資預計將產生令人鼓舞的業績。

More details: Adecoagro IR

更多詳情: Adecoagro IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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