ADAMA(SZ:000553)2025-01-22 11:15Financial Performance and Projections - Full-year 2024 sales are expected to be between $3.934 billion and $4.348 billion, representing a year-over-year decrease of 7%-16% in USD terms[3] - Adjusted EBITDA and its margin are expected to increase year-over-year in 2024, driven by improved gross margins due to lower inventory costs and a better product mix[4] - Adjusted net loss for 2024 is projected to be between $151 million and $261 million, compared to a $236 million loss in 2023[4] - Reported EBITDA for 2024 is expected to decline year-over-year, with net loss widening due to decreased operating profit and increased tax expenses[7] - Reported net loss for 2024 is estimated to be between $360 million and $470 million, compared to a $225 million loss in 2023[8] Transformation Plan and Operational Efficiency - The company's "Strive" transformation plan has shown initial success, improving free cash flow and adjusted financial performance in 2024[2] - The company's 2024 performance reflects improved operating efficiency and cost management under the "Strive" plan, despite challenging market conditions[4] Sales and Product Strategy - Q4 2024 sales volume increased year-over-year, marking the second consecutive quarter of growth, as the company shifted focus away from low-margin products[3] Financial Expenses and Cost Management - Financial expenses decreased in 2024 due to lower loan interest payments, reduced costs from minority shareholder put option revaluations, and favorable CPI impacts on bonds[4] Reporting and Confirmation - Final financial data will be confirmed in the 2024 annual report, to be released on March 13, 2025[8]