Village Farms International (VFF) Q3 2024 Earnings Conference Call Transcript Summary
Village Farms International (VFF) Q3 2024 Earnings Conference Call Transcript Summary
Canadian cannabis operations grew 29% all organically to roughly CAD 15 million, alongside positive adjusted EBITDA of CAD 6.5 million and operating cash flow of CAD 6.1 million.The following is a summary of the Village Farms International (VFF) Q3 2024 Earnings Conference Call Transcript:
以下是village farms國際（VFF）2024財年第三季度業績會電話會議記錄摘要：
Financial Performance:
財務表現:
Village Farms International reported a robust Q3 with total sales growing 20% year-over-year to $83.4 million.
Fresh Produce segment saw a 20% increase in sales to nearly $43 million with a gross margin improvement of 400 basis points year-over-year.
Canadian cannabis operations grew 29% all organically to roughly CAD 15 million, alongside positive adjusted EBITDA of CAD 6.5 million and operating cash flow of CAD 6.1 million.
Consolidated net loss narrowed to CAD 800,000 from a CAD 1.3 million loss the previous year, with both Canadian cannabis and Fresh Produce contributing positively to net income.
village farms國際報告第三季度強勁增長，總銷售額同比增長20%，達到8340萬美元。
新鮮農產品板塊銷售額增長20%，達近4300萬美元，毛利率較去年同期提高了400個點子。
加拿大大麻股運營增長了29%，全部來自有機增長，達到約1500萬加元，調整後的EBITDA爲650萬加元，經營性現金流爲610萬加元。
合併淨虧損從前一年的130萬加元減少到80萬加元，加拿大大麻股和新鮮農產品都對淨利潤產生了積極貢獻。
Business Progress:
業務進展:
Expansion in the Canadian cannabis market with #1 market share in Ontario and Quebec and continuous growth across all sales channels.
Introduction of new cannabis strains like Neon Lambo and commencement of trial sales from the BC trials program.
Initial cultivation begun at newly built indoor facility in the Netherlands with plans for first sales in the next fiscal quarter.
在加拿大大麻市場擴張，安大略省和魁北克省市場份額位居第一，並在所有銷售渠道上持續增長。
引入新的大麻品種，如Neon Lambo，並啓動BC試驗計劃的試售。
在荷蘭新建的室內種植設施開始初步種植，計劃在下一個財季首次銷售。
Opportunities:
機會：
International medical sales doubled year-over-year, with significant growth in Germany, Australia, and the UK, enhancing VFF's global footprint.
Potential market expansion in the Netherlands with an estimated market size of EUR 3 billion to EUR 3.5 billion annually, invoking comparisons to the province of Quebec.
國際醫療銷售同比增長一倍，德國、澳洲和英國增長顯著，拓展了village farms國際的全球影響力。
荷蘭潛在市場擴張，預估每年市場規模爲30億到35億歐元，引發與魁北克省的比較。
Risks:
風險：
Experiencing stock-outs of popular SKUs in Canada, leading to an estimated lower sales impact of approximately $2.5 million in Q3. However, steps have been implemented to normalize stock levels by early next fiscal quarter.
加拿大熱銷產品庫存不足，在Q3估計造成約250萬美元的銷售影響。但已採取措施，計劃在下一個財季初恢復庫存水平。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
