PR Newswire
LUXEMBOURG, May 12, 2016
LUXEMBOURG, May 12, 2016 /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 first quarter of 2016.
Main highlights for the period:
Financial & Operational Highlights by Business:
Strategy Execution:
(1) Adjusted EBITDA is defined as consolidated profit from operations before financing and taxation, depreciation, amortization plus the gains or losses from disposals of non-controlling interests in subsidiaries. Adjusted EBIT is defined as consolidated profit from operations before financing and taxation, plus the gains or losses from disposals of non-controlling interests in subsidiaries. Adjusted EBITDA margin and Adjusted EBIT margin are calculated as a percentage of net sales.
To read the full 1Q16 earnings release, please access ir.adecoagro.com. A conference call to discuss 1Q16 results will be held on May 13, 2016 with a live webcast through the internet:
English Conference Call
May 13, 2016
9 a.m. (US EST)
10 p.m. Buenos Aires
10 p.m. Sao Paulo
3 p.m. Luxembourg
Tel: +1 (844) 836-8746
Participants calling from the US
Tel: +1 (412) 317-2501
Participants calling from other countries
Access Code: Adecoagro
Investor Relations Department
Charlie Boero Hughes
CFO
Hernan Walker
IR Manager
Email: ir@adecoagro.com
Tel: +54 (11) 4836-8651
About Adecoagro:
Adecoagro is a leading agricultural company in South America. Adecoagro owns over 257 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 1.7 million tons of agricultural products including corn, wheat, soybeans, rice, dairy products, sugar, ethanol and electricity among others.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/adecoagro-recorded-1q16-adjusted-ebitda-of-432-million-113-higher-year-over-year-and-ebitda-margin-of-37-300267984.html
SOURCE Adecoagro S.A.
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