Latest news on Acomo
2012 another record year for Acomo - dividend increased by 8% to € 0.70 per share
continued record results
Main points 2012
- Net profit: € 27.0 million (2012: € 26.2 million, + 3.3%)
- Earnings per share: € 1.163 (2011: € 1.130, + 2.9%)
- Proposed total dividend: € 0.70 per share (2011: € 0.65, + 7.7%) – Final dividend € 0.55 per share
- All activities profitable, new record results for Van Rees Group and Snick EuroIngredients and continued strong performance of Catz International and Red River Commodities
- Group solvency further increased to almost 46% (Y/E 2011: 40.5%)
- High price levels of food commodities, stronger US Dollar, consumption under pressure
- Start-up new production facility for sunflower seed products in Lubbock, Texas (November 2012)
In 2012, consolidated sales of Amsterdam Commodities N.V. (Acomo) increased by 4% to € 593 million (2011: € 571 million). Net profits reached € 27.0 million, slightly above the 2011 record year (2011: € 26.2 million, +3.3%). All group companies were profitable. Catz International, Van Rees Group and Red River Commodities performed strongly, notwithstanding complex economical and trading circumstances, while Snick EuroIngredients showed good progress. Furthermore, the 2012 results were also positively affected by a stronger average US Dollar-Euro exchange rate.
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May 8, 2013
| Category: Financial
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