1 PRESS RELEASE: HALF-YEAR REPORT 2022 ROTTERDAM, 26 JULY 2022
Interim dividend set at €0.45 per share
ACOMO CONTINUES TO DELIVER STRONG RESULTS IN TURBULENT
TIMES WITH +15% INCREASE IN SALES AND +9% INCREASE IN NET
PROFIT TO €31.2 MILLION IN H1 2022 (H1 2021: €28.6 MILLION),
FURTHER INCREASING EPS FOR THE PERIOD BY +8% TO €1.05
(H1 2021: €0.97)

ROTTERDAM (NL), 26 JULY 2022
Today, ACOMO N.V., the Euronext Amsterdam-listed natural food products and ingredients Group, reports an increased EBITDA
by +5% to €56.1 million for the first six months of 2022 versus prior year. Earnings per share increased by +8% to €1.05. This
strong result was achieved in turbulent market circumstances fueled by geopolitical events, continued COVID-19 lockdown
impacts, and a major change in the USD/EUR exchange rate. The results are evidence of the robustness of Acomo's business
model and the resourcefulness of employees and partners.
(in € millions) H1 2022 H1 2021 Change vs H1 2021
Sales 711.9 620.2 +15%
EBITDA 56.1 53.4 +5%
Net profit 31.2 28.6 +9%
EPS in € 1.05 0.97 +8%
‘We are pleased with the Group’s overall performance in the first half of 2022. Despite numerous unforeseen challenges and
unprecedented events, including Russia’s invasion of Ukraine, unrest in Sri Lanka, another wave of COVID lockdowns in China, and
inflationary pressures around the globe, the Acomo businesses continue to demonstrate resilience, agility, and relevance to
customers,’ said CEO Kathy Fortmann. ‘In addition to delivering strong results, we are realizing our mission of enhancing access to
plant-based and natural food products and ingredients through sustainable supply chains. We have taken significant strides with
our ESG strategy and fostered more collaboration within the Group. Acomo’s Board of Directors is very pleased with the Group’s
overall performance and progression.’
The first six months of 2022 saw continued good demand for Acomo's on-trend plant-based and natural products and ingredients.
Following increased price levels over last year, the market price levels of a limited number of the company's major product groups
saw some decline over the last few months. The first half of 2022 was also characterized by a number of uncertainties and
unexpected global developments. Global supply chains were affected by new and ongoing bottlenecks and disruptions, and
inflationary pressures are leading to higher food and energy prices.
Acomo's professional teams successfully navigated these challenges thanks to extensive sourcing networks and the diversified
product portfolio. The teams were successful in securing uninterrupted access to products and transportation capacity. All
PRESS RELEASE: HALF-YEAR REPORT 2022
2 PRESS RELEASE: HALF-YEAR REPORT 2022 ROTTERDAM, 26 JULY 2022
segments of the Group reported substantially higher sales versus the same period last year. Edible Seeds, Tea and Food Ingredients
realized double-digit profit growth, while Organic Ingredients profit was slightly below previous year, and Spices and Nuts reported
a lower profit versus last year’s record performance.
The strengthening of the US dollar versus the euro in H1 2022 compared to H1 2021 resulted in a positive translation impact of
+€32.8 million on sales and +€1.8 million on net profit. As most sourced products are quoted in US dollar, the strength of the US
dollar also led to an increase in working capital, resulting in higher euro prices, and increasing inventory value and accounts
receivable.
Key figures H1 2022
Consolidated figures (in € millions) H1 2022 H1 2021
Sales 711.9 620.2
Gross profit 95.7 83.6
EBITDA 56.1 53.4
Operating income (EBIT) 46.4 42.2
Financial result (3.9) (3.5)
Corporate income tax (11.3) (10.1)
Net profit 31.2 28.6
Shareholders’ equity 404.3 327.7
Total assets 948.5 755.8
Ratios
Solvency – shareholders’ equity as % of total assets 42.6% 43.4%
Earnings and equity per share (in €)
Earnings per share 1.05 0.97
Equity per share as at 30 June 13.651 11.073
Over the first six months of 2022, Acomo’s consolidated sales increased by +15% to €711.9 million (H1 2021: €620.2 million) due to
higher volumes, increased prices, and a stronger US dollar/euro exchange rate. Gross profit increased by +15% to €95.7 million
(H1 2021: €83.6 million). Gross profit as a percentage of sales was stable at 13.4%. For the first half of 2022, net profit increased by
+9% to €31.2 million (H1 2021: €28.6 million). Total costs increased to €49.3 million (H1 2021: €41.4 million), due to cost inflation
and the stronger US dollar resulting in a negative FX conversion impact.
The interest expenses increased by €0.4 million due to higher average borrowings and an increased interest rate for US dollar
borrowings. The tax rate increased slightly from 26.2% in H1 2021 to 26.6% due to an increase in the statutory corporate income
tax rate in the Netherlands and changes to the country mix.
The reported results include amortization charges of -€2.5 million (-€4.5 million in H1 2021) in relation to the Tradin Organic
acquisition as well as unrealized FX/CX hedge results. These items impacted both gross profit and operating expenses

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