Camposol Holding Plc. reported
sales of USD 62.6 million in the third quarter of 2013, up 63.3%
from Q312, mainly due to an increase in volume sold of fresh
avocados.
EBITDA of USD 16.1 million, 265.6%
higher than in Q312 explained by higher volumes, mainly in avocados
due to favorable weather conditions this year and the rise of
productivity of the young fields.
As of September 30th 2013, the
Company maintains a Cash Balance of USD 19.7 million.
Volume sold during Q313 was 25,084
net MT, up 64.7% compared to the same period in 2012, mainly by an
increase in volumes of fresh avocados. Average price was USD
2.49 per net KG, down 0.8% from the same period in 2012.
On September 3rd 2013, DCH
purchased 2,704,080 shares from Golden Target Pacific Limited. The
sale price for each share was USD 3.10 as further described in the
announcement made on June 24th 2013.
On September 24th 2013, Oslo Bors,
in capacity as take-over supervisory authority, approved the
Mandatory Offer to acquire the shares in Camposol by Dyer Coriat
Holding S.L at a price per share of NOK 25 (the "Offer"). The offer
was valid until October 23th.
DCH received total acceptances for
4,985,550 shares. Together with the 22,046,497 shares already
held by DCH, at completion of the Offer, DCH holds 26,992,047
shares in the Company, representing 90.47% of the total
shareholding.
On October 15th, Jorge Ramirez
resigned to the CFO position. Angel Suarez, Controller, will
be acting as Interim CFO until a new CFO is appointed.
Executive Chairman Samuel Dyer
Coriat and Head of Investor Relations Maria Elena Olmos will host a
conference call today, Tuesday October 29th at 04:00 pm
CET/ 09:00 am Lima. For details on the conference call, please see
attached invitation.
Please see the full report and
presentation enclosed (or click on the links below of this release
if received by e-mail).
For further information,
please contact:
Executive Chairman, Samuel Dyer Coriat
sdyerc@camposol.com.pe
Head of Investor Relations, Maria Elena
Olmos
molmos@gdp.com.pe
Phone: +511 634 7141
About CAMPOSOL
CAMPOSOL is the leading agro industrial Company
in Peru, involved in the cultivation, processing and
commercialization of agricultural products such as asparagus,
peppers, avocados, mangos, grapes and easy peelers. These are
exported as fresh, preserved or frozen products mainly to markets
in Europe and the United States of America. CAMPOSOL encompasses a
totally integrated business from the production of raw material in
the fields to processing in the industrial plant and subsequent
commercialization in Europe and the United States. CAMPOSOL has
24,216 own hectares of which about 6,440 are already used for
agricultural purposes, operates in 2 different locations in the
Peruvian coast, and has one fully owned processing plant for fresh,
preserved and frozen products. The Company has on average 10,000
part and full time employees.
Please visit
www.camposol.com.pe
This information is subject
of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.