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Cresud(CRESY) - 2019 Q3 - Earnings Call Presentation
CresudCresud(US:CRESY)2019-05-15 18:40

Financial Performance - Adjusted EBITDA increased by 259% compared to the same period in the previous year, reaching ARS 1858 million[1] - The company experienced a net loss of ARS 98 billion, primarily due to higher inflation[1] - A new share repurchase plan was initiated, with a limit of up to ARS 300 million, and 145% had already been repurchased[1] - Consolidated revenues increased by 21% to ARS 55701 million, compared to ARS 46004 million in the previous year[20] - Net financial results showed a loss of ARS 14949 million, a 24% increase compared to the previous year's loss of ARS 12064 million[20,25] Agribusiness - Planted area for FY19 increased by 247% compared to FY18, reaching 248 thousand hectares[2,3] - Agribusiness Adjusted EBITDA grew by 256%[2] - Farming EBITDA experienced a growth of 60%[2] - Argentina Rental Adjusted EBITDA increased by 71%[2] Urban & Investments (IRSA) - Shopping Malls occupancy would have been 983% excluding the Walmart vacancy effect[15] - Same Shopping Malls' Sales increased 247% in nominal terms for IIIQ 19[15] - Israel Business Center Real Estate Adjusted EBITDA increased by 42%[2,24]