Nutriplant revenue breaks record with R$179 million in 2023

Nutriplant SA (NUTR3), which operates in the production of micronutrients and raw materials for industrial use, reported that, in 2023, the company's net revenue was R$179,1 million. The number represents a value 2,4% higher than the R$ 174,8 million made in the previous year.

According to the annual balance released, there was a 90,9% share of revenue from products aimed at the domestic market. Gross profit reached R$29,4 million in 2023, higher than the R$29,1 million made in the same period in the previous year. The gross margin showed a slight reduction, going from 16,6% in 2022 to 16,4% in 2023, both in relation to net revenue.

As for net profit, in 2023, the company recorded R$3,5 million, showing a reduction compared to the amount of R$8,3 million presented in 2022. In the same period, Ebitda reached R$10,6 million, value 38,8% lower than the previous year (R$ 17,4 million).

High tech 

In the market, the company is one of the pioneers in technology for the special fertilizers industry, seed treatment products, soil conditioners, agricultural input application technology products and others. 

The expansion in revenue is due to a new marketing strategy in the agricultural sector and the development of resellers in strategic regions, which resulted in a new record in annual revenue. “Our efforts to establish commercial relationships with resellers in different regions of the country will continue”, says Ricardo Pansa, CEO and IR director of the company. “We are investing in test fields to demonstrate the effectiveness of our brand to rural producers who are seen as references in their regions,” he says.

According to Pansa, in the vast majority of these tests, there is an increase in profitability with the use of Nutriplant products when compared to those from competing companies. “This investment has allowed the company to maintain growth prospects in the coming years”, reinforces the CEO.  

Debt reduction

The company's gross bank debt decreased by R$3 million, from R$9,6 million on December 31, 2022 to R$6,6 million on December 31, 2023.

In the company's Management Report, the company mentions its lower dependence on raising funds from third parties for working capital, says that its growth should follow the expansion of Brazilian agribusiness and draws attention to the growth in the liquidity of its securities on Bovespa More – one of the highest levels of governance at B3.