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Adecoagro: gross sales up 33% in nine months 2021

16 November 2021

Adecoagro, a large-scale agricultural producer with operations in Argentina, Brazil, and Uruguay, reported its financial results for nine months of 2021 (9M 2021). The company’s gross sales rose 33% to $777.2 million, while net sales increased 32.7% to $757.7 million within 9M 2021 as compared to 9M 2020. The company’s adjusted EBITDA in farming segment rose 19.9% to $113.3 million, and the total adjusted EBITDA grew 53.7% to $367.6 million in the reporting period. Meanwhile, net income jumped 82.4% to $71.9 million within the same period.

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