• March 28, 2024

Improved sales at AOI

 Improved sales at AOI

Alliance One International (AOI) announced results for the fiscal year that ended March 31, 2018.
Total sales and other operating revenues increased 7.7 percent to $1.85 billion as a result of a 7.5 percent increase in average sales price due to favorable product mix mainly in South America and North America.
Gross profit increased 13.5 percent to $246.2 million and gross profit as a percentage of sales improved to 13.3 percent from 12.7 percent.
Operating income increased 30.7 percent to $110.6 million when compared to the prior year.
Net income attributable to AOI was $52.4 million, which included a net tax benefit of $58.8 million with $59.4 million associated with estimated discrete net tax benefits related to the new U.S. tax law enacted in December.
Adjusted EBITDA improved 15.4 percent to $168.5 million.
“Fiscal year 2018 was a pivotal year for Alliance One,” said Pieter Sikkel, president and chief executive officer. “Led by a united purpose, we further enhanced our focus on becoming a trusted provider of responsibly-produced, independently-verified, sustainable and traceable agricultural products, ingredients and services to businesses and consumers.
“The transformation involves heightened focus on our leaf business; investment into new, higher-margin business lines; acquisition of new skill sets; and an unwavering commitment to further uniting our businesses behind a unified purpose. We are on a strategic, long-term path designed to improve shareholder value and we are confident in our ability to deliver best-in-class products and services to our customers.”