Q3 2024 Alicorp SAA Earnings Call Transcript
Key Points
- Alicorp SA (LIM:ALICORC1) reported a 26% increase in consolidated adjusted gross profit for Q3 2024 compared to the same period last year, driven by positive contributions from all business units.
- The acquisition of RefinerĂa del Espino is expected to strengthen Alicorp's position in key categories such as industrial and edible oils, shortenings, and laundry soaps, providing access to approximately 86,000 points of sale.
- Alicorp's consumer goods unit in Peru showed a 13% year-over-year increase in adjusted EBITDA, driven by higher adjusted gross profit from volume growth in core segments and reduced raw material costs.
- The company successfully reduced its net debt to adjusted EBITDA ratio to 2.2 times, a significant decrease supported by improved profitability and cash flow generation.
- Alicorp's strategic focus on core brands and key categories has led to market share recovery in emblematic brands, with notable gains in edible oils, detergents, and shampoos in Peru.
- RefinerĂa del Espino reported a lower performance in 2024 due to a correction in the palm-soybean oil spread and aggressive competition in the edible oils category.
- The international shrimp and salmon industries continue to face challenges, impacting Alicorp's aquafeed business, with Ecuadorian shrimp exports showing only slight growth.
- Alicorp's operations in Bolivia are affected by inflationary pressures due to structural government policies, impacting cost structures.
- Energy shortages in Ecuador have affected various industries, including Alicorp's Vitapro operations, necessitating contingency plans to mitigate impacts.
- The company's strategy in Ecuador involves reducing the number of products offered and changing the go-to-market strategy, which may impact short-term revenue.
Ladies and gentlemen, thank you for standing by and I would like to welcome you to Alicorp third quarter, 2024 results call on the 05 November 2024. (Operator Instructions.)
So without further ado, I would like to pass the floor to Mr Roberto Dongo Soria Investor Relations at Alicorp. Please go ahead, sir.
Good afternoon, everyone. This is Roberto Dongo Soria Alicorp Investor Relations Officer. We are very pleased to have you with us in our third quarter 2024 Earnings Call. Presenting today will be Mr Alvaro Correa, Chief Executive Officer and Mr Luis Vaquero, Chief Financial Officer. Other members of the management team will join us during the Q&A session.
We will discuss the third quarter, 2024 results after the financial results or an early release were issued last Thursday. If you have not received a copy of the release, please visit us at www.Alicorp,com.P/E where you will also find the webcast presentation to accompany our discussion during this call.
This is the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
