RESEARCH: Camposol 3Q17 Credit Update - Bond exchange seems like a distant memory

10 November 2017

It seems like Camposol’s refinancing was ages ago, not just one year. Given the outstanding harvest of avocados that increased 139.8% year-over-year (volumes up 119.1% and prices up 15.5%), the Peruvian grower’s EBITDA totaled USD 43.8m during 3Q17. Camposol is also investing in converting semi-intensive shrimp ponds into intensive ponds, and now has 67 intensive, up from 54 in 2Q17.


As of 3Q17 Camposol’s net debt was only USD 129m, with a net debt-to-LTM EBITDA of 1.1x.


CLICK HERE to access the Camposol 3Q17 Credit Update
CLICK HERE to access the Camposol 4Q16 Credit Update