Amsterdam Commodities N.V. (Acomo), the Euronext Amsterdam-listed trader in spices and nuts, edible seeds, tea, food ingredients and organic ingredients, achieved strong results in the fiscal year 2020. While the food ingredients sector overall has proven to be robust in the midst of the global pandemic, the business was impacted in various ways by COVID-19 with respect to demand, supply, price levels and the cost of freight. Adjusted segment EBITDA was €57.6 million, equal to 2019. Total reported EBITDA of €49.9 million includes one-off items such as acquisition costs and unrealized FX hedge results. The adjusted net profit equalled 2019 with €33.3 million. The reported net profit including one-off items amounted to €27.0 million.

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