Earnings release
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ACOMO INCREASES OPERATING PROFIT BY + 88 % TO € 53.4 MILLION IN H1 2021 ( H1 2020 : € 28.4 MILLION ) AND EPS FOR H1 INCREASED BY + 47 % TO € 0.97 ( H1 2020 : € 0.66 ) ( in € millions ) ROTTERDAM ( NL ) , 22 JULY 2021 Today , Acomo ( Amsterdam Commodities N.V. ) , the Euronext Amsterdam - listed natural food ingredients company in spices and nuts , edible seeds , tea , food ingredients and organic ingredients , reports an increased EBITDA by + 88 % to € 53.4 million for the first six months of 2021 versus prior year . The newly acquired Tradin Organic accounted for + 62 % of this increase , whilst Acomo's existing business also grew and added + 26 % to this excellent result . Sales EBITDA Net profit A COMO AMSTERDAM COMMODITIES N.V. EPS in € ( excluding amortization charges ) EPS in € ( reported ) PRESS RELEASE : HALF - YEAR REPORT 2021 H1 2021 620.2 53.4 28.6 1 PRESS RELEASE : HALF - YEAR REPORT 2021 1.08 0.97 H1 2020 356.8 28.4 16.3 0.66 0.66 Change vs H1 2020 + 74 % + 88 % + 76 % + 64 % + 47 % ' We are very pleased with the Group's performance and the successful integration of Tradin Organic . The first collaborations between Tradin Organic and the other Acomo Group companies have been promising and constructive ' , said Group Managing Director Allard Goldschmeding . ' The outstanding performance of our teams in a constantly changing environment in the first six months of this year is truly impressive . The availability of products was restricted in a number of cases and shipments were delayed due to the limited availability of both sea containers and shipping capacity . Yet despite these circumstances all segments reported growth in EBITDA ' . The first six months of 2021 showed good demand for our products . Crops , in general , were good and market price levels of a number of major product groups increased . However , the first six months were also characterized by a number of uncertainties . First and foremost , the uncertainty regarding the timing and sequence of the lifting of COVID - 19 restrictions and , subsequently , the expected economic recovery . The situation differed around the globe due to the new Delta variant . Especially some of the countries of origin saw little improvement . In addition , disruptions in the logistic chains due to a worldwide disbalance of sea container availability caused shipping delays , a shortage of products , and substantial increases in freight costs . All segments of the Group reported higher profits for the first six months of 2021 ( H1 2021 ) . Especially the Spices and Nuts segment improved the performance substantially . Tradin Organic , which was added to the Acomo Group on 30 December 2020 , performed in line with our expectations and was successfully integrated into the Group structure . The first interactions between Tradin Organic and the other Group companies were constructive and focused on commercial growth opportunities . ROTTERDAM ( NL ) , 22 JULY 2021