Acomo’s operating profit increases by 10% in 2019, strong trading and strong cash flow
13 February 2020 - 18:01, by , in News, No comments

Today, Amsterdam Commodities N.V. (Acomo), the Euronext Amsterdam-listed trader in spices and nuts, edible seeds, tea and food ingredients reports a substantially higher operating profit for its fiscal year 2019. Strong trading and improved margins in the second half of 2019 and particularly strong performances of Catz International and the European edible seeds business saw EBITDA increase by 10% to €55.6 million (2018: €50.4 million). The reported result was impacted by IFRS16, unrealized FX hedge results and strategic business development costs. Excluding these effects EBITDA increased by 13%. Net profit increased to €32.1 million (2018: €31.1 million). Acomo proposes its shareholders a dividend of €1.10 per share (2018: €1.00, +10%) following a consistent policy on dividend pay-out.

 

Download press release (UK)

Download press release (NL)