DMPL Group generated sales of US$2.1bn in FY2020, up 9% from prior year on higher sales across all geographies - USA, Philippines, Asia and Europe
Del Monte Foods (DMFI) USA accounted for US$1.5bn or 72% of total sales
The Philippine business generated sales of US$338.9m, up 7% in peso terms
The S&W business in Asia achieved sales of US$109.8m, up 9%
Without one-off items, the Group generated:
EBITDA of US$225.7m, up 45%
Net profit of US$32.2m, up 104%
Strong results due to higher volume and better pricing
Including one-off items, the Group generated:
EBITDA of US$142.2m, down 1%
Net loss of US$81.4m from a net profit of US$20.3m in prior year
Net one-off expense of US$113.6m mainly due to four plant closures/sale in USA and dividend tax
Del Monte Philippines, Inc (DMPI), the Group’s most profitable business where it is a dominant market leader, generated a net income of US$67.7m, up 39%
The Group completed the private placement of a 12% stake in DMPI for US$120m for an implied valuation of US$1bn for DMPI
Special dividend of US$0.0154 as the aforementioned DMPI transaction generated a net gain of US$77.0m for DMPL which was booked in retained earnings
DMPL’s Independent Director Dr Emil Q Javier was declared a National Scientist by the President of the Philippines
Received Best Annual Report (Gold) Award from the Singapore Corporate Awards 2019
Three of our US products were voted 2020 Product of the Year in different categories: Veggieful Veggie Bowls in convenience meals, Fruit Crunch Parfait in snack cups and Contadina Pizzettas in frozen snack
