Revenues up 18 per cent by the end of 2024, while EBITDA reaches a record growth of 68 per cent
Camposol has reported a big jump in net profits for 2024. Preliminary fourth-quarter 2024 results show a 68 per cent increase in EBITDA to US$184.1mn compared to the previous year. Net profit grew 322 per cent, or US$84.7mn year-on-year.
CEO Ricardo Naranjo said: “I am proud to share that 2024 has been an exceptional year for Camposol, consolidating our leadership in the global agribusiness.
“This success is due to the execution of innovative agricultural strategies, solid commercial management and efficient allocation of our products. Our decision to carry out early pruning in blueberries allowed us to capture premium prices at the start of the season, while our grape, avocado and mango campaigns also showed outstanding performance.”
The company achieved an 18 per cent increase in revenue to US$550mn, and a 322 per cent growth in net profit, reflecting “disciplined management focused on efficiency.” In addition, it significantly reduced its debt, reaching a Net Debt/EBITDA ratio of 2.41x versus 4.79x in 2023.
“These achievements are the result of the commitment of our teams in all the regions where we operate, as well as the trust of our customers and strategic partners,” Naranjo said.
