Bioceres Crop Solutions Corp. today released preliminary financial expectations for its fiscal second quarter, which concluded on December 31, 2024. The company anticipates revenues to be approximately $105 million, with a gross profit of $45 million and adjusted EBITDA of $15 million.
These preliminary figures reflect persistent challenging conditions in Argentina, a key market that significantly influences the company's financial performance in the first half of the fiscal year. Farmer purchasing behavior in the country has notably shifted compared to the previous year, influenced by macroeconomic factors and unfavorable weather patterns.
The difficult environment, coupled with high channel inventories, led to reduced sales of crop protection products and micro-beaded fertilizers. CEO Federico Trucco noted that while cyclical businesses like micro-beaded fertilizers were particularly affected, the company expects to maintain or gain market share in its established product families.
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