This Day On The Street
Continue to site
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 Reports Adjusted EBITDA Of $50.1 Million In 3Q11 And $125.9 Million In 9M11

LUXEMBOURG, Nov. 16, 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 third quarter of 2011. Highlights:
  • Adecoagro recorded Adjusted EBITDA of $50.1 million in 3Q11 (adjusted EBITDA margin of 31.0%), representing an 92.2% increase compared to 3Q10 and $125.9 million in 9M11(adjusted EBITDA margin of 31.8%), $85.0 million or 207.4% higher than 9M10.
  • 3Q11 Net Income totaled $30.1 million, $49.0 million above 3Q10, driving 9M11 Net Income to $58.1 million, $147.7 million higher than the same period of the previous year.
  • Farming and Land Transformation businesses' Adjusted EBITDA grew 121.0% in 3Q11 compared to 3Q10, from $7.1 million to $15.6 million and reached $59.3 million in 9M11, 98.5% higher than previous year. This increase was mainly driven by an expansion in planted area, higher rice and coffee yields and price increases across several agricultural commodities.
  • Sugar, Ethanol and Energy business continues to deliver good operating and economic results throughout 2011. Sugarcane crushing grew 7.2% in 3Q11 to a total of 1.78 million tons, generating an Adjusted EBITDA of $42.9 million and an Adjusted EBITDA margin of 50.5%, outperforming 3Q10 by 89.7% and 63.9% respectively.
  • The development of the Ivinhema mill in Mato Grosso do Sul is advancing as planned, and is expected to begin milling in 2013.
  • During the quarter and the first days of November, Adecoagro expanded its farmland portfolio by incorporating 13,003 new hectares, for a total investment of $47.7 million. This investment represents an attractive opportunity for Adecoagro to continue generating value through the transformation of underproductive land and expanding its production of agricultural commodities. Adecoagro's land portfolio has increased to 295,801 hectares
  • As of September 30, 2011, Cushman & Wakefield updated its independent appraisal of Adecoagro's farmland. Adecoagro's farms were valued at $899.1 million, 115.5 million higher than C&W's previous appraisal. This value creation mainly reflects Adecoagro's focus on land transformation and soil productivity improvement through its sustainable production model.
  • On August 22, 2011, Adecoagro's soybean operations were certified by the Round Table on Responsible Soybean (RTRS), evidencing the Company's strong commitment to the highest sustainability standards.

To read the full 3Q11 earnings release, please access A conference call to discuss 3Q11 results will be held tomorrow with live webcast through the internet:

English Conference Call Nov. 17th, 2011 11 a.m. (US EST)Tel: (877) 317-6776 Participants calling from the US Tel: +1 (412) 317-6776 Participants calling from other countries Access Code: Adecoagro

Investor Relations Department Charlie Boero Hughes CFO

Hernan Walker IR Manager Email:

About Adecoagro:

Adecoagro is a leading agricultural company in South America. Adecoagro owns over 295 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 1 million tons of agricultural products including corn, wheat, soybeans, rice, dairy products, sugar, ethanol and electricity among others.

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs