Lavoro (LVRO) - 2023 Q3 - Earnings Call Presentation

Gross Profit decreased by 15% in 3Q23 due to the revenue reduction and margin decrease (Crop Care's sales phasing + lower margins from herbicides). On a YTD basis, 1.3 p.p. margin expansion Adjusted Profit was impacted by higher financing expenses, as a result of the M&A activities, and market interest rates increase 9M23 vs. 9M22 Revenue by Segment Note: (1) For illustrative purposes only, Lavoro has translated its amounts in reais to U.S. dollars. The average exchange rate for the third quarter of 2023 (J ...