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Camposol eyes production gains with new financing deal
Yahoo Finance· 2025-12-08 12:33
Core Insights - Camposol, a major fresh-produce supplier, is set to invest $400 million in productivity, water use, and genetics after securing financing from the International Finance Corporation and Rabobank [1][2] - The company anticipates a more than 30% increase in exports by 2030 and aims for greater water-use efficiency [2] - Camposol's sales grew by 21% in the first nine months of the year, reaching $367 million, with blueberry sales volumes increasing by nearly 63% [3] Investment and Growth Strategy - The investment will enhance Camposol's genetic improvement program, which has already shown superior yields [1] - Plans include varietal renewal of blueberry crops and improvements in avocado plantations to boost productivity [2] - The company opened a "biofactory" in northern Peru with an annual capacity for up to five million blueberry plants [4] Financial Performance - In the first nine months of the year, Camposol's EBITDA decreased by 1% to $101.2 million, while net profit fell by 41% to $19.2 million [3] - The company maintains a net debt-to-EBITDA ratio below 3.5 times for the fifth consecutive quarter, indicating a strong financial profile and progress in deleveraging [5] Leadership Changes - Camposol appointed Ricardo Naranjo as the permanent CEO after he served as interim CEO since June of the previous year [2]