The international marketing magazine for fresh produce buyers in Europe
Maura Maxwell

BY MAURA MAXWELL

@maurafruitnet

Camposol posts record Q3 results

Investments in Colombia and Uruguay boost company’s mission to become a year-round supplier

Camposol posts record Q3 results

CEO Jorge Ramirez

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Strong blueberry sales helped lift Camposol’s third quarter sales to US$149.9m, a 10.4 per cent increase on the year-earlier period.

EBITDA reached a record US$88.4m for the first nine months of the year, up 4.5 per cent compared to the same period last year.

Between January and the end of September, sales reached US$290.0m, up 20.5 per cent versus  the same period last year, while LTM sales reached US$417.8m, an increase of 13.4 per cent compared to year end 2017.

The company continued to expand its fruit and vegetable division, with blueberry acreage topping 2,000ha for the first time and new investments in citrus and avocado production in Uruguay and Colombia respectively.

“Nowadays, the main supermarket chains in the world recognise the strength of Camposol’s value proposition based on high levels of quality, consistency, traceability and on-time delivery of our products,” said CEO Jorge Ramirez.

“This performance is possible because of our vertically integrated production model, which is also socially and environmentally responsible.

“Camposol is now moving up from being a window player to a year-round supplier and this is how we decided to go to Colombia to produce avocado all year round, together with Peru.

“Camposol has also arrived in Uruguay and soon will be the most important seedless tangerines player in the Southern Hemisphere and continue growing strongly in blueberries and shrimps from Peru, because of the advantage of being able to produce them all year round, with a continuous presence at the point of sale and an intelligent and focused communication.”

 

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