CSOL China Solar and Clean Energy Solutions Inc (PK)

Camposol Holding Plc. reported sales of 40.6 million, up 8.1% from Q112 mainly due to an increase in volume sold of fresh mango and higher prices of fresh white asparagus.

During the first quarter of 2013, EBITDA before fair value adjustments (b.f.v.a.) was USD 4.0 million, 11.2% higher than Q112. EBITDA (b.f.v.a.) margin increased to 9.9%.  

During the first quarter of 2013, asparagus gross margin increased in USD 1.8MM compared to 2012 mainly from the fresh season, in which our entire volume was sold through our commercial office in Europe directly to retail chains.

As of March 31^st, the Company maintained a Cash Balance of USD 23.0 million.

The long term growth prospects for exotic fruits & vegetables markets are excellent.  Avocado and mango are growing, with headroom for increased per capita consumption in key markets.  In the case of asparagus, although consumption is stable, supply is falling due mainly to reduced exports from China.

Company expects good demand for all fresh produce in general and for avocado specifically in both the United States and Europe.

The Company is currently focused on adding value to its clients through commercial, marketing and service initiatives which should result on higher margins.  

Additionally, CAMPOSOL is analyzing new opportunities to consolidate its leadership through additional planting of current crops, planting of new crops, strategic alliances and acquisitions.

CAMPOSOL will continue positioning itself in the US market, the largest and fastest growing market for avocado in the world, now open for Peruvian produce and in other markets with high growth potential.

Executive Chairman Samuel Dyer Coriat and CFO Jorge Ramirez will host a conference call today, Thursday May 16th at 04:00 pm CET/ 09:00 am Lima.  For details on the conference call, please visit Camposol's website: www.camposol.com.pe (Press / News)

Please see the full first quarter 2013 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

CFO, Jorge Ramirez
jramirez@camposol.com.pe

Phone: +511 621-0804

About CAMPOSOL

CAMPOSOL is the leading agro industrial company in Peru, the largest exporter of asparagus and soon the first producer of avocado in the world. It is involved in the harvest, processing and marketing of high quality agricultural products such as asparagus, avocados, grapes, mangoes, peppers, artichokes, mandarins and blueberries; which are exported to key markets in Europe, the United States of America and Asia.

CAMPOSOL is a vertically integrated company located in Peru, offering fresh, preserved and frozen products. It is the third largest employer of the country, with more than 13 thousand workers in high season, and is committed to support sustainable development through a social responsibility policy and projects that increases the shared-value for all of its stakeholders. 

CAMPOSOL was the first Peruvian agro industrial company to present annual audited Sustainability Reports and has achieved the following international certifications: BSCI, Global Gap, IFS, HACCP and BRC among others. To learn more about CAMPOSOL please visit us at www.camposol.com.pe.

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.

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