Costa Group (CGC) AGM Update - Better conditions ahead

AGM Trading Update

Published: 30 May 2023

Costa emphasised an “exceptional” period in its International operations. Morocco has benefited from good yields and relatively high prices, given the rival Spanish blueberry harvest has been poor. China has had the increased hectares contribute revenue alongside higher prices. We think there will be some normalisation in FY24e and forecast EBITDA of $97 million.

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