ROTTERDAM (NL), 25 JULY 2023
Today, ACOMO N.V., the Euronext Amsterdam-listed natural food products and ingredients Group, reports H1 2023 results and
sets the interim dividend at €0.40 per share.
Performance highlights:
• Reported EBITDA of €45.3 million versus €56.1 million in H1 2022; negative cocoa hedging results accounted for the
majority of the decrease in the Group’s EBITDA.
• Adjusted Gross Profit margin increased to 13.6% versus 13.2% prior year.
• Strong Operating Cash Flow of €54.2 million due to a further decrease of working capital despite increased interest
expenses.
• Double-digit EBIT growth in Spices & Nuts, Edible Seeds, and Food Solutions versus previous year.
• Dividend of €0.40 per share is in-line with past years.
(in € millions) H1 2023 H1 2022 Change vs H1 2022
Sales 668.0 711.9 -6.2%
Adjusted EBITDA 49.8 54.2 -8.2%
Adjusted Net Profit 27.1 31.6 -14.2%
Net Profit 22.0 31.2 -29.5%
Operating Cash flow 54.2 (5.9)
“In the first half of 2023, Acomo delivered strong performance across Spices and Nuts, Edible Seeds, and Food Solutions. Organic
Ingredients was impacted by destocking throughout the global supply chain, continued inflationary pressure, and changes in
consumer spending. The impact of the cocoa hedge results was due to a mismatch between physical sales due to lower demand and
the futures position. Corrective actions have been implemented to rectify the situation, including tighter controls and rigorous sales
contract management,” said CEO Kathy Fortmann. “The diversity of our activities and focus on a plant-based portfolio continues to
be a core strength of the Acomo Group, in line with our strategy. Acomo’s Board of Directors remains confident in the potential of
the Group across the diversified activities.”
PRESS RELEASE: HALF-YEAR REPORT 2023
2 PRESS RELEASE: HALF-YEAR REPORT 2023 ROTTERDAM, 25 JULY 2023
Key figures H1 2023

see & read more on
https://www.acomo.nl/wp-content/uploads/2023/07/230725-Press-release-Acomo-Half-year-Figures-H1-2023_EN-FINAL.pdf