Latest quarterly results published by the Company
See a summary of the Results Release for 1Q19 (first quarter of 2019) available on the CVM website and also a summary of the latest quarterly results published by the Company.
Highlights of the period
|Change Fair Value of Biol. Assets||239,407||146,497||-38.8%|
|Gross margin||74.3%||40.7%||-33.6 p.p|
|Operating income||267,441||185,902||-30.5 %|
|Operating margin||63.2%||30 %||-33.1 p.p|
|Net margin||40%||18 %||-22 p.p|
|Adjusted EBITDA margin||35.6%||36.4%||-0.8 p.p|
Variation in commodity prices
In a global supply-demand scenario for the 2018/19 cycle in which consumption should outstrip supply by at least 5 million bales, cotton lint prices should find support in the world market, based on a scenario of a continuation of the upward trend in the fiber’s consumption observed in the last five years.
CBOT spot soybean prices were relatively stable in the first quarter of 2019. In a context of limited soybean exports by the United States to China, Brazil continued to increase its soybean exports to China.
CBOT spot prices for corn presented higher volatility during the first quarter of 2019. The impacts of African swine fever on the global animal protein production chain could create opportunities for the Brazilian chain, since any shift in demand to animal proteins produced in Brazil would drive local demand for grains, increasing competition with export markets.
Harvest was concluded on the 230,127 hectares in the current crop year dedicated for this crop, where we registered a record yield of 3,756 kg/ha, which is 11.8% more than initially projected.
The area cultivated for cotton crops in 2018/19 was 123.721 ha, divided between the initial cotton crop and the 2nd cotton crop.
The productivity of the corn grown in the 2nd crop was 9,912 per hectare. The planting of the corn 2nd crop began in the second half of January 2018, as the harvest of early soybean varieties advanced.
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SLC Agrícola is a Company with shares traded on Bovespa since 2007.
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