Acomo, a Dutch small-cap, saw strong performance in 2024 with net profit reaching €45.1 million and a proposed full-year dividend of €1.25 per share. Share price surged 9.95% post-earnings release and the stock is offering now again a 6% dividend yield. Acquisition of Delinuts Nordics added €11 million to revenue, and a court ruling in July 2024 saved Acomo €55 million in claims.
Acomo Group N.V. is a Dutch company operating in five segments to provide global key services along the food and beverage ingredients supply chain. The company operates in an interesting niche sector with strong tailwinds as plant-based food diets are on the rise. After a bad 2023, ACNFF is focused on returning its organic ingredients division to full performance. The group needs to deleverage and improve the division's margins to continue expanding.
Acomo is a dominant trading house in spices in Europe, listed on Euronext Amsterdam with a market cap of 525M EUR. Financial performance in 2023 saw a decrease in profit, with net profit of 39.7M EUR and EPS of 1.34 EUR per share. Acomo pursues bolt-on acquisitions, recently agreeing to acquire a business in the spices and nuts segment to expand geographically and strengthen profitability.