Acomo reports adjusted EBITDA of €74.6 million for the first ten months of 2023 with solid performance in most segments and strong cash flow despite challenging environment at organic ingredients
21 November 2023
Today, ACOMO N.V., the Euronext Amsterdam-listed natural food products and ingredients Group, reported results for the first ten months of 2023, up to 31 October.
Key highlights year-to-date (YTD):
- Losses on cocoa futures and difficult consumer environment for Organic Ingredients negatively impacting Group results YTD
- Other divisions in the Group are trading well with solid results
- Adjusted Gross Profit margin increased to 13.6% versus 12.9% YTD 2022
- Adjusted EBITDA of €74.6 million versus €86.9 million YTD 2022
- Strong cash flow generation of €126.3 versus €62.7 YTD 2022
- Full Year 2023 forecasted adjusted EBITDA in range of €87 million to €92 million
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