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Stock impact report

Adecoagro reported Adjusted EBITDA of $79.6 million in 3Q18 and $278.6 million for 9M18, 5.8% and 48.8% higher year-over-year, respectively

Adecoagro S.A. Common Shares (AGRO) 
Last adecoagro s.a. common shares earnings: 5/21 04:13 pm Check Earnings Report
US:NYSE Investor Relations: ir.adecoagro.com
Company Research Source: PR Newswire
LUXEMBOURG, Nov. 15, 2018 /PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO, Bloomberg: AGRO US, Reuters: AGRO.K), a leading agricultural company in South America, announced today its results for the third quarter of 2018.Main highlights for the period:Adecoagro reported Adjuested EBITDA of $79.6 million in 3Q18, marking a 5.8% increase compared to 3Q17. Net Income was $3.5 million in 3Q18, $5.1 million higher compared to 3Q17. Adjusted Net Income was $14.1 million in 3Q18, $3.5 million higher compared to 2Q17.Financial & Operational HighlightsAdjusted EBITDA for our Sugar, Ethanol & Energy business reached $64.0 million in 3Q18, $10.4 million million or 13.9% lower than 3Q17. Adjusted EBITDA was positively affected by: (i) a 14.0% reduction in total production costs, on a per unit basis, as a result of enhanced agricultural and industrial efficiencies, coupled with the depreciation of the Brazilian Real, (ii) a $14.2 million higher gain derived from the mark-to-market of our commodity hedge Show less Read more
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