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ADECOAGRO S.A. - AGRO STOCK NEWS

Welcome to our dedicated page for ADECOAGRO S.A. news (Ticker: AGRO), a resource for investors and traders seeking the latest updates and insights on ADECOAGRO S.A. stock.

Adecoagro S.A. (NYSE: AGRO) is a leading agricultural company based in Luxembourg, with extensive operations across South America, specifically in Argentina, Brazil, and Uruguay. The company focuses on sustainable production across various sectors, including farming crops, dairy, sugar, ethanol, energy production, and land transformation.

Core Business Segments:

  • Farming: This segment involves the planting, harvesting, and sale of grains, oilseeds, fibers, and rice. It also includes dairy operations with a focus on milk production and sales.
  • Sugar, Ethanol, and Energy: Adecoagro cultivates sugarcane, which is then processed in its owned mills to produce sugar and ethanol. The company also generates renewable energy from these operations.
  • Land Transformation: This segment entails the acquisition and development of underutilized farmland, enhancing its productivity and value.

Adecoagro operates over 210.4 thousand hectares of farmland and multiple industrial facilities. These operations produce over 2.8 million tons of agricultural products and generate more than 1 million MWh of renewable electricity annually.

Recent Achievements:

  • Filing of Form 20-F for the fiscal year 2023 with the SEC, highlighting robust financial performance and sustainability efforts.
  • Approval of a $17.5 million cash dividend distribution, reflecting strong shareholder returns.
  • Record quarterly results with significant increases in sugarcane crushing volumes and sugar production.
  • Completion of significant farmland sales at premiums to independent appraisals, showcasing successful land transformation projects.

Financial Performance:
The company reported an all-time high Adjusted EBITDA of $476.6 million for 2023, a 10.1% increase year-over-year, driven by strong performances in its Rice and Sugar, Ethanol, and Energy segments. The net debt was reduced by 25.9% to $502.5 million, achieving a net debt/Adjusted EBITDA ratio of 1.1x.

Commitment to Sustainability:
Adecoagro is dedicated to reducing its carbon footprint by 20% by 2030, leveraging innovative agricultural practices and sustainable energy production.

For further details and the latest updates, visit the Investors section on Adecoagro's website.

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Adecoagro S.A. (NYSE: AGRO), a leader in sustainable production in South America, announced the filing of its Form 20-F for the fiscal year ended December 31, 2022, with the SEC on April 26, 2023. The Form 20-F contains the Company’s audited financial statements, which can be accessed on the SEC's website or the Company's own website under the "Investors" section. Shareholders can request a free hard copy of the financial statements from the investor relations team. Adecoagro operates across Argentina, Brazil, and Uruguay, managing 219.8 thousand hectares of farmland and producing over 2.8 million tons of agricultural products annually.

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Adecoagro S.A. (NYSE: AGRO) reported its fourth quarter and full-year results for 2022, highlighting a significant growth in net sales, which increased by 19.3% in 4Q22 and 23.8% for the year. The firm achieved an adjusted EBITDA of $433 million, consistent with 2021, despite rising global costs. Key highlights include an adjusted free cash flow from operations of $141 million, enabling a minimum distribution of $56.5 million in 2023 via dividends and buybacks. Notably, the Sugar, Ethanol & Energy segment drove a 55.5% growth in 4Q22 adjusted EBITDA. The company remains optimistic, predicting a 15% increase in crushing volume for 2023.

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Adecoagro S.A. (NYSE: AGRO) announced the appointment of Emilio Federico Gnecco as Chief Financial Officer, effective February 8, 2023. He succeeds Carlos Alberto Boero Hughes, who is moving on to new opportunities. Gnecco has been with Adecoagro since 2005 as Chief Legal Officer, managing corporate legal matters and compliance. The CEO, Mariano Bosch, expressed confidence in Gnecco's capabilities, citing his extensive experience and knowledge of the company's operations. Adecoagro operates in South America, managing 219.8 thousand hectares of farmland and producing over 2.8 million tons of agricultural products.

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Adecoagro S.A. (NYSE: AGRO) reported its 3Q22 results, showcasing a 22.6% year-over-year increase in net sales to $378 million. However, adjusted EBITDA dropped 11.0% during 9M22. The company will pay a cash dividend of $17.5 million on November 17, marking its second installment of a total annual cash dividend of $35 million. The farming and land transformation businesses faced challenges, with a 31.1% decline in adjusted EBITDA attributed to lower contributions from crops and rice. Despite a reduction in net income to $22.6 million, adjusted net income outperformed expectations at $47.2 million.

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Adecoagro S.A. (NYSE: AGRO), a leading agro-industrial company in South America, has announced a cash dividend distribution of $17.5 million, equating to approximately $0.16020082 per share. This dividend is for shareholders on record as of November 2, 2022, and will be payable on November 17, 2022. This is the second installment of a two-tranche cash dividend, with the first paid on May 17, 2022. A 15% Luxembourg withholding tax will apply to the gross cash dividend.

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Adecoagro S.A. (NYSE: AGRO) reported strong financial performance for 2Q22, with net sales increasing by 33.3% year-over-year to $118 million, driven by robust prices and an effective commercial strategy. Adjusted net income rose to $44 million, reflecting significant operational gains despite cost pressures. The Sugar, Ethanol & Energy division achieved an adjusted EBITDA of $104.4 million, up 41.8% year-over-year, fueled by strategic production decisions and record ethanol sales. However, the Farming & Land Transformation business experienced a 37.3% decline in adjusted EBITDA due to challenges in crop yields and rising input costs.

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Adecoagro S.A. (NYSE: AGRO) reported its Q1 2022 results with net income soaring to $65.2 million, a 3.4x increase year-over-year, while adjusted EBITDA fell by 20.8% to $86.5 million, primarily due to lower yields and prices in its rice segment. The company declared a cash dividend of $35 million, payable in two installments, with $17.5 million on May 17, 2022. Additionally, Adecoagro's strong performance in sugar and ethanol sales helped offset some losses from the agricultural sector, particularly rice, which suffered due to adverse weather.

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Adecoagro S.A. (NYSE: AGRO) announced the filing of its Form 20-F for the fiscal year ended December 31, 2021, with the SEC. The document can be accessed on the SEC's website or in the 'Investors' section of Adecoagro's official website. Shareholders can request a hard copy of the audited financial statements at no charge. The company operates over 219.8 thousand hectares in Argentina, Brazil, and Uruguay, producing more than 2.7 million tons of agricultural products and over 1 million MWh of bioelectricity, highlighting its significant role in South America's agro-industrial sector.

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FAQ

What is the current stock price of ADECOAGRO S.A. (AGRO)?

The current stock price of ADECOAGRO S.A. (AGRO) is $11.04 as of October 7, 2024.

What is the market cap of ADECOAGRO S.A. (AGRO)?

The market cap of ADECOAGRO S.A. (AGRO) is approximately 1.1B.

What are the main business segments of Adecoagro S.A.?

Adecoagro operates in three main segments: Farming, Sugar, Ethanol, and Energy, and Land Transformation.

Where are Adecoagro's operations located?

Adecoagro has operations in Argentina, Brazil, and Uruguay, with its headquarters in Luxembourg.

What products does Adecoagro produce?

Adecoagro produces grains, oilseeds, fibers, rice, milk, sugar, ethanol, and renewable energy.

How much farmland does Adecoagro manage?

Adecoagro manages over 210.4 thousand hectares of farmland.

What recent financial achievements has Adecoagro reported?

Adecoagro reported a record Adjusted EBITDA of $476.6 million for 2023 and a significant reduction in net debt.

What are Adecoagro's sustainability goals?

Adecoagro aims to reduce its carbon intensity by 20% by 2030.

What dividends were declared by Adecoagro in 2024?

Adecoagro declared a $35 million cash dividend to be paid in two installments in May and November 2024.

How is Adecoagro performing in the sugarcane sector?

Adecoagro has reported record sugarcane crushing volumes and significant production increases in sugar and ethanol.

How does Adecoagro transform land?

Adecoagro identifies and acquires underdeveloped farmland, enhancing its productivity and value through sustainable practices.

Where can shareholders find more information about Adecoagro's financials?

Shareholders can visit the 'Investors' section on Adecoagro's website or access the SEC's website for detailed financial reports.

ADECOAGRO S.A.

NYSE:AGRO

AGRO Rankings

AGRO Stock Data

1.13B
104.14M
9.81%
64.3%
1.42%
Farm Products
Consumer Defensive
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United States of America
Luxembourg