Dole reports about “very strong” 2024 results News

Dole published his financial report for 2024 and welcomed the “very strong” results of the entire year, which were achieved for the group after the following “year of good dynamics”.

The turnover was $ 8.5 billion, an increase of 2.8 percent or 6.7 percent of $ 8.24 billion in 2023.

This was due to strong performance in all segments and a favorable impact by translating foreign currency in the amount of USD 13.4 million, the company said.

These positive effects were partially compensated for by negative net effects of acquisitions and sales of $ 335.6 million, especially in the Diversified Fresh Produced – Americas & Row segment, due to the disposal of the progressive production business.

The net profit dropped from $ 155.7 million to $ 143.4 million, which was attributed to the non-cash letter of the FRESH Vegetable Division in the fourth quarter. .

Net income that is due to Dole rose from $ 124.1 million in 2023 to $ 125.5 million.

“We are pleased to report another strong result in the fourth quarter and to round off a year of positive progress and development for the group,” said Carl McCann, chairman of the executive at Dole. The adapted EBITDA rose to the same basis by 6.7 percent, a result that was ahead of our latest guidance.

”We ended the year in a strong financial position, whereby the net compatibility was reduced to 1.6 times because we prioritized the capital allocation and maximized the production of the cash flow.

“For the current financial year, we are of the opinion that our business has increasingly achieved further good results due to the developing geopolitical environment due to the developing geopolitical environment,” he continued.

”In this early phase of the financial year, we are aimed at the full year adjusted EBITDA in the range of USD $ 380 million.

“Finally, with all of our committed people, we would like to expand for their contributions and their focus in the course of the year to advance our group and to deliver our strong financial result of 2024,” added McCann.