Agromillora
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Agromillora - overview
Established
1986
Location
Barcelona, -, Spain
Primary Industry
Agribusiness
About
Agromillora is a company focused on plant propagation and agricultural innovation, providing advanced plant materials that enhance productivity and sustainability in farming. Founded in 1986 and headquartered in Barcelona, Spain, Agromillora specializes in the development of innovative plant propagation techniques. The most recent strategic pivot involved a Secondary Buyout on March 28, 2022, where EDIFY, alongside company management, acquired a 98% majority stake from Investcorp for EUR 200. 000 mn.
The company has successfully completed a total of 3 deals to date under the leadership of CEO Jordi Mateu. Agromillora specializes in plant propagation and innovation, offering high-quality plant materials designed to enhance agricultural productivity. Their core products include super high density (SHD) systems for stone fruit trees and innovative dwarfing citrus rootstocks, all aimed at optimizing cultivation costs and improving fruit quality. With over 30 years of experience, the SHD model for olive groves introduces an efficient agronomic approach that addresses challenges faced by traditional growers.
Their client base includes agricultural producers across Spain, Portugal, Italy, the USA, Morocco, Tunisia, Chile, and Turkey, supporting fruit growers with industry-leading genetics and sustainable agricultural solutions. For the year 2022, Agromillora reported a revenue of EUR 3,646,144. 20, with an EBITDA of EUR -4,729,449. 40.
The company generates revenue through partnerships with agricultural producers, retailers, and wholesalers, selling flagship products like super high density almond trees and advanced citrus rootstocks directly to commercial growers via bulk sales agreements. Following the acquisition in March 2022, Agromillora aims to accelerate its growth strategy by expanding its product offerings and geographical reach. Plans include the design of new products to be launched in the upcoming years, targeting specific markets in Europe and North America for expansion by 2025. The recent funding from the secondary buyout will be utilized to support these initiatives, enhancing product development and market entry strategies.
Current Investors
EDIFY
Primary Industry
Agribusiness
Sub Industries
Canned/Frozen Fruit & Vegetables, Food & Beverage Distribution, Crop Production, Farm Support Services, Dairy Farming
Website
www.agromillora.com
Verticals
Agtech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Agromillora - timeline of key events
Agromillora - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 8,860,489 | 5,661,000 | 7,133,000 | 2,572,000 | 6,842,000 | 15,974,000 | 2,590,000 | - | - | - |
| % Revenue Growth (YoY) | - | (36.1%) | 26.0% | (63.9%) | 166.0% | 133.5% | (83.8%) | - | - | - |
| EBITDA (USD) | 6,477,278 | (8,985,000) | 3,791,000 | (739,000) | 3,505,000 | 11,544,000 | (651,000) | - | - | - |
| Operating Income (USD) | 6,450,860 | (9,019,000) | 3,722,000 | (804,000) | 3,426,000 | 11,437,000 | (766,000) | - | - | - |
| Operating Margin | 72.8% | (159.3%) | 52.2% | (31.3%) | 50.1% | 71.6% | (29.6%) | - | - | - |
| % EBITDA Margin | 73.1% | (158.7%) | 53.1% | (28.7%) | 51.2% | 72.3% | (25.1%) | - | - | - |
| NET Income (USD) | 5,648,199 | (6,628,000) | 2,750,000 | (1,317,000) | 3,246,000 | 10,541,000 | (771,000) | - | - | - |
| % Net Margin | 63.7% | (117.1%) | 38.6% | (51.2%) | 47.4% | 66.0% | (29.8%) | - | - | - |
Agromillora - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Agromillora | - | ||||||||
| Secondary Buyout | Completed | Agromillora | - | ||||||||
| Buyout | Completed | Agromillora | - |
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Agromillora - employee data
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