This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Adecoagro Recorded Adjusted EBITDA Of $95.1 Million In 2010

LUXEMBOURG, April 1, 2011 /PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO, Bloomberg: AGRO US, Reuters: AGRO.K), one of the leading agricultural companies in South America, announced today its results for the fourth quarter and twelve month period ended December 31, 2010.
  • Adecoagro recorded Adjusted EBITDA of $54.1 million in 4Q10, driving Adjusted EBITDA for the 2010 fiscal year to $95.1 million, representing a $92.6 million increase compared to 2009.
  • Gross Sales in 2010 reached $426.3 million, 35.9% higher than 2009.
  • Sugar, Ethanol and Energy business Adjusted EBITDA increased $78.6 million, from $(26.9) million in 2009 to $51.7 million in 2010.
  • Farming and Land Transformation businesses Adjusted EBITDA grew 27.2% in 2010 compared to 2009,  from $51.7 million in 2009 to $65.7 million in 2010.
  • Net loss in 2010 totaled $44.8 million, mainly impacted by the recognition of a non-cash loss (unrealized changes in fair value of long term biological assets) of $96.8 million.  The loss was generated by a decrease in the fair value of our sugarcane plantation primarily as a result of lower sugar price estimates used in our sugarcane valuation model.
  • Adecoagro began the 2010/11 harvest year and as of December 31st, 2010, successfully planted 156.3K hectares. Total planted area is forecasted to reach approximately 190.0K hectares, 3.6% above the previous harvest year. Rice planted area has increased by 50.8%, reaching a total of 27.4K hectares in the 2010/11 harvest year.
  • The Company continues executing its strategy of transforming and adding value to its farms.
  • Adecoagro continues implementing its growth strategy in the Sugar, Ethanol and Energy business.  On November 26, 2010, the Ivinhema greenfield mill was granted the preliminary license by IMASUL ("Instituto de Meio Ambiente de Mato Grosso do Sul"), an important milestone to begin construction  of the mill by mid 2011.
  • During 2010 we continued strengthening our environmental and social commitment. We continue supporting rural areas surrounding our operations, With our main focus set on education and nutrition.

To read the Earnings Release, access www.adecoagro.com.br/ir

Adecoagro

Adecoagro is a leading agricultural company in South America. Adecoagro owns over 283 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces a wide range of agricultural products including corn, wheat, soybeans, rice, dairy products, sugar, ethanol and electricity among others.

Investor Relations

Charlie Boero - CFO Hernan Walker - IR ManagerTelephone: +54 11 4836-8651Email: ir@adecoagro.com

SOURCE Adecoagro S.A.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,261.79 +203.44 1.27%
S&P 500 1,935.26 +21.41 1.12%
NASDAQ 4,702.7090 +66.6040 1.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs