Forex and agflation sustaining an upgrade to 2023 guidance: EBITDA 2023e up by 15%
Our analysis of the pricing of ORS core products (bananas, kiwis, pineapples: 1/3 of sales) shows strong ongoing growth of 20%+ (confirmed by Dole during its latest commentary). Forex has turned favourable YTD and shipping (representing around half of annual fixed price contracts) should have resisted well in H1; thus, we expect Orsero to increase its FY23 guidance. We raise our EBITDA 2023e forecasts by 15% and ....
07 Sep 2023
Agflation booming, though shipping may be at a turning point
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Agflation booming, though shipping may be at a turning point
Forex and agflation sustaining an upgrade to 2023 guidance: EBITDA 2023e up by 15%
Our analysis of the pricing of ORS core products (bananas, kiwis, pineapples: 1/3 of sales) shows strong ongoing growth of 20%+ (confirmed by Dole during its latest commentary). Forex has turned favourable YTD and shipping (representing around half of annual fixed price contracts) should have resisted well in H1; thus, we expect Orsero to increase its FY23 guidance. We raise our EBITDA 2023e forecasts by 15% and ....