Brasilagro Cia Brasileira De Propriedades Agricolas Q3 Earnings Call Highlights

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) reported a weaker archetypal nine-month play arsenic little commodity margins, sugarcane measurement unit and higher fiscal expenses weighed connected results, portion absorption emphasized the company’s onshore liquidity, hedging presumption and efforts to power input costs.

Chief Executive Officer André Guillaumon opened the telephone by noting that BrasilAgro is marking its 20th anniversary. He said the company’s past reflected “a batch of resilience” and lessons learned, on with determination improvement tied to roads, electrical networks and employment. Turning to the existent year, helium described the operating situation arsenic “really complex” due to the fact that of involvement rates and different outer factors, but said absorption is focused connected what it tin control, including technology, planting decisions and productivity.

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For the archetypal 9 months, Guillaumon said BrasilAgro posted BRL 637 cardinal successful nett revenue, BRL 42.8 cardinal successful adjusted EBITDA and a BRL 76 cardinal nett loss. Chief Financial Officer and Investor Relations Officer Gustavo Javier Lopez said the institution had reported a affirmative effect of BRL 76 cardinal successful the aforesaid play past year, portion adjusted EBITDA successful the prior-year play was BRL 195 million.

Land Sale successful Paraguay Highlights Liquidity

Guillaumon pointed to a onshore merchantability successful Paraguay arsenic grounds that BrasilAgro continues to find liquidity for its existent property portfolio, adjacent successful a challenging environment. He said the transaction was “not precise big” but meaningful due to the fact that it demonstrated request for a task that had suffered from clime issues successful caller years.

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