安道麦有限公司 有 报告 截至2023年12月31日的第四季度和全年财务业绩。
Steve Hawkins, President and CEO of ADAMA, said, “The crop protection industry as a whole faced challenging market conditions throughout 2023, resulting from high channel inventory and ongoing destocking at the distributor level. In response, ADAMA took immediate steps that supported a significant improvement in cashflow in 2023, highlighting our strong execution ability.
“In addition to the significant improvement in cashflow, we improved the sales mix of higher margin products, reduced operating expenses and inventory. These, however, are only the first steps to ensure the Company is fully prepared to take advantage of anticipated market opportunities in 2024 and onwards. To fully respond to the long-term as well as short-term market challenges, we launched an intensive transformation plan aimed at improving the quality of the business and revaluing ADAMA. We will focus on winning in the largest growing segment of the market – the value innovation segment – with our outstanding pipeline of differentiated products powered by our proprietary formulation technologies. Coupled with resolute focus on improving our cost base and leveraging our strong commercial engine and customer driven culture, I am confident that we will succeed to revalue the Company going forward. I expect to share key milestones as the year progresses.”
总体作物保护市场环境
随着天气条件正常化和全球作物供应状况改善，2023 年主要商品作物价格大幅下降。然而，到 2023 年，主要商品作物价格仍然相对较高，支撑了作物种植面积和投资，导致农民对包括作物保护产品在内的作物投入品的健康需求。然而，由于各个地区的渠道库存都非常高，2023年渠道需求疲软。高利率环境加上来自中国的活性成分价格低廉，也鼓励了渠道采取即时采购方式。结果，整个行业的渠道销售额急剧下降。进入 2024 年，大多数地区的渠道库存有所改善，但仍未在所有地区实现正常化。 2023 年成本环境进一步改善，中国活性成分价格在 2023 年全年持续下降，达到低位。
以色列战争局势最新动态
ADAMA is headquartered in Israel and has three manufacturing sites in the country. Following October 7th, 2023, the Company continued the production in its global manufacturing sites and in Israel, with certain non-significant restrictions (which have been lifted in February 2024). This situation did not have a material impact on the Company’s ability to support its markets or on ADAMA’s consolidated financial results.
航运障碍影响的最新情况
2024年1月，一些主要航运公司宣布，由于红海紧张局势，将暂停通过以色列港口和苏伊士运河向以色列发货。这导致运输时间更长，航线在非洲各地改道。
As of the date of publication of this report, shipping time and costs have increased significantly, mainly in the Asia-Pacific Israel route in comparison to before January 2024. These cost increases impact only a small portion of the Company’s overall shipping costs and ADAMA has been ordering relevant materials ahead of time to ensure timely supply. Currently, the Company does not anticipate this to have a significant impact on its financial results or on the ongoing supply of materials to its production facilities, although this situation might impact the company’s ability to respond quickly to changing market demand.
For a closer look at ADAMA’s financial results, 点击这里.