ADAMA reported its financial results for the fourth quarter and the fiscal year 2022, showing an impact on revenue from price fluctuations, a currency devaluation from the Euro, and a wealth of other macro events that affected the company’s performance compared to previous periods.
ADAMA’s President and CEO, Ignacio Dominguez, reflects on the remarkable year of 2022, when the crop protection market experienced exceptional growth, reaching record sales and EBITDA. In 2022, crop commodity prices came down from their peak, while fertilizer and energy prices declined at a slower pace, leading to lower but still historically high farmer profitability. ADAMA introduced differentiated products to the market, optimizing its offering to farmers around the globe while maintaining simplicity in doing business. The CEO believes that in 2023, farmers will continue to invest in crop protection products that bring them incremental value.
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