Acomo N V. maakt resultaten bekend voor het halfjaar dat eindigde op 30 juni 2022 MarketScreener

Customers are producers in mainly tropical countries and industrial consumers of agricultural commodities . Acomo is involved in all the intermediate stages of transportation, processing, packaging, storage, technical analysis, trade finance and distribution. Is an international group of companies with its principal business being the trade and distribution of agricultural products. The main trading subsidiaries of Amsterdam Commodities are Catz International B.V. In Rotterdam , Red River Commodities Inc. in Fargo, North Dakota, USA, SIGCO Warenhandel in Hamburg, Germany, Red River – Van Eck in Zevenbergen, the Netherlands , TEFCO EuroIngredients B.V.

Adjusted EBITDA increased for the segments Edible Seeds, Organic Ingredients, Tea, and Food Solutions. Spices and Nuts delivered the second-most successful year in history. To buy shares in Acomo NV you’ll need a share-dealing account with an online or offline stock broker.

Price History & Performance

We also know the total capex was just 6.65M EUR, resulting in an underlying free cash flow result of in excess of 67M EUR. Divided over the current share count, this represents about 2.27 EUR per share. That’s slightly lower than in 2021, and we can blame the increased interest expenses for that. I do expect the total interest expenses to increase again this year as the impact was pretty benign in the first half of last year.

This results in a market capitalization of almost 650M EUR based on the current share price of just under 22 EUR per share. Royal Van Rees Group grew operating profit by +10%, despite lower volumes due to numerous challenges in the segment. Tea prices increased across the world as crisis-ridden Sri Lanka suffered a -20% loss in crop and sharp price increases, mainly due to the collapse of the local currency. African tea prices remained buoyant throughout 2022 backed by strong demand, and India saw increased demand and recorded sharp price increases.

The market demand for organic sunflower oil increased in the first half of the year due to the instability in Ukraine and neighbouring countries. Tradin was able to meet the increased demand for sunflower oil produced in Bulgaria due to its local sourcing position. Acomo N.V., together with its subsidiaries, engages in sourcing, trading, processing, packaging, and distributing conventional and organic food ingredients and solutions for the food and beverage industry worldwide. Acomo’s main listing is on Euronext Amsterdam, where it is trading with ACOMO as its ticker symbol. The average daily volume in Amsterdam is approximately 23,000 shares per day, and that makes the Dutch listing clearly superior in terms of volume.

Growth & Value

With a history going back more than 200 years we bridge the needs of suppliers and customers in more than 100 countries today. Acomo (Amsterdam Commodities N.V.), the Euronext Amsterdam-listed natural food ingredients company in spices and nuts, edible seeds, tea, food ingredients and organic ingredients, will appoint Kathy L. Fortmann as Chief Executive Officer per 15 September 2021. EV / Sales ,67x EV / Sales ,64x Nbr of Employees Free-Float 83,7% More FinancialsCompanyACOMO N.V. Is an international group of companies that sources, trades, treats, processes, packages and distributes conventional and organic food products and ingredients for the global food and beverage industry. As a Group we are active in the worldwide sourcing, trading, treatment, processing, packaging and distribution of conventional and organic niche food products and ingredients for the food and beverage industry. These activities are performed in the segments Spices and Nuts, Edible Seeds, Tea, Food Ingredients and Organic Ingredients.

Interest expenses increased compared to the previous year, driven by higher interest rates and higher averaged working capital, which was however significantly reduced during the last quarter of 2022. The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is. You can read more about the power of momentum in assessing share price movements on Stockopedia. As interest rates are increasing, Acomo’s net income and free cash flow results are impacted. Acomo’s mission to achieve long-term sustainable growth leads to the need for strengthened global capabilities.

The impact of unrealized FX and CX hedge results on reported net profit was -€2.8 million (+€2.7 million in 2021). In Europe, sales of sesame, poppy, and other seeds were stable throughout the year. Price volatility was high as buyers and processors stocked up in the first half of the year, resulting in lower demand in the second half. With high inflation and weakening consumer confidence, demand remained under pressure.

Amsterdam Commodities N : Acomo appoints Kathy Fortmann as group CEO

As of the end of 2022, Acomo had just 5M EUR in cash while it had 163M EUR in current financial debt and 120M EUR in longer term financial debt for a total of 278M EUR in net debt. Considering the adjusted EBITDA was approximately 100M EUR, I am not too concerned about the debt ratio, which came in below 3. As I would like the company to reduce its net debt more aggressively, the cash flow result is very important. Fortunately, we know the total capex are traditionally lower than the depreciation and amortization expenses. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. The recent expansion of the Acomo group activities requires a broadening of the senior executive management.

As Acomo only provides detailed financial statements every six months, I was looking forward to seeing the company’s full-year results as that allows me to have a closer look at the H2 performance. The company closed a large acquisition about two years ago, and the net debt level is slowly decreasing. Measures how much net income or profit is generated as a percentage of revenue. The Commission reminds the French that the current general French scheme for aid to merchant shipping approved by the Commission extends over three years and can no longer be applied in 1998, contrary to what they have stated. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making any specific investment or other decisions.

Dividend For ARBN.AS – 0.8000 EUR

Once you have opened your account and transferred funds into it, you’ll be able to https://1investing.in/ and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives. Is still trading at a free cash flow yield of in excess of 10%. I do not anticipate a substantial increase this year, as higher interest expenses will likely absorb the increasing EBITDA I am anticipating for this year.

Amidst these difficult market conditions, the North American fruit and herbs business grew and will continue to be a focus area of future growth. She then worked at global food and commodity trading company Cargill for 12 years, and between 2017 and 2020, Fortmann was President of Friesland Campina Ingredients and a member of its Executive Leadership team. She is currently formally employed and in office as President of IFF’s Nourish, a six-billion dollar flavor and food ingredients business. Fortmann graduated in chemical engineering from the University of Tulsa and received her Executive MBA from Washington University. Snick EuroIngredients had another record year due to the introduction of innovative new concepts and solutions.

Aandeel ACOMO

In her new role, Kathy Fortmann’s focus will be on further group integration and the realization of economies of scale and synergies in the various activities of the Acomo subsidiaries. This will allow Allard Goldschmeding, who joined Acomo as CFO in 2015 and played a very important role in the recent acquisition of Tradin Organic, to focus more on his financial and business development roles as CFO. As I’m a long-term investor, I’ll highlight some stockpicks which will have a 5-7 year investment horizon. As I strongly believe a portfolio should consist of a mixture of dividend-paying stocks and growth stocks, my articles will reflect my thoughts on this mixture. That being said, we can’t be unhappy with the reported net income of 54.7M EUR, which works out to 1.85 EUR per share. Acomo will pay a dividend of 1.25 EUR per share (subject to the standard Dutch dividend withholding tax of 15% for foreign investors), which means it will retain about 60 cents per share in earnings.

Tradin’s organic coffee business, Trabocca, continued to generate good margins. Nuts and Dried Fruit was relatively flat for the year overall. Tradin’s Oil business did well in North America and Europe.

That article also provides background information on the what’s the distinction between cdos and its recent large acquisition, which caused the net debt to increase. Bets against U.S. stocks swell to highest level since 2011. Any information that you receive via FT.com is at best delayed intraday data and not “real time”.

• Acomo’s trading subsidiaries source and process the raw materials in the production areas and sell them in the consumer markets.
• As you can see above, Acomo reported a total operating cash flow of 72.7M EUR, including a 6.9M EUR investment in the working capital position.
• In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making any specific investment or other decisions.
• With high inflation and weakening consumer confidence, demand remained under pressure.
• The market demand for organic sunflower oil increased in the first half of the year due to the instability in Ukraine and neighbouring countries.

We focus on entrepreneurship, feel passionately about our products and we look to the future with an open mind, based on our fundamental understanding that a balance between profit, planet and people is necessary to be a reliable partner and to achieve long-term growth. The public programme for the French commercial fleet, which includes ACOMO, investment aid , the reimbursement of business tax and the ECA scheme, was approved in and renewed up to 1997 . Although S&P Global Market Intelligence has made every effort to ensure this data is correct, nevertheless no guarantee is given to the accuracy or completeness. Any opinions or estimates expressed herein are those of S&P Global Market Intelligence on the date of preparation and are subject to change without notice; however no such opinions or estimates constitute legal, investment or other advice. You must therefore seek independent legal, investment or other appropriate advice from a suitably qualified and/or authorised and regulated advisor prior to making any legal, investment or other decision. This is intended for information purposes only and is not intended as an offer or recommendation to buy, sell or otherwise deal in securities.