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Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY) Q4 2023 Earnings Call Transcript

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Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Q4 2023 Earnings Conference Call September 11, 2023 9:00 AM ET

Company Participants

Santiago Donato - Investor Relations Officer

Alejandro Elsztain - Chief Executive Officer

Matias Gaivironsky - Chief Administrative Officer and Chief Financial Officer

Conference Call Participants


Good morning, everyone. I'm Santiago Donato, Investor Relations Officer of Cresud, and I welcome you to the Fiscal Year 2023 Results Conference Call. First of all, I would like to remind you that both audio and a slideshow may be accessed through company's investor relations website at www.cresud.com.ar by clicking on the banner webcast link. The following presentation and the earnings release are also available for download on the company website. After management remarks, there will be a question-and-answer session for analysts and investors. If you want to make a question, please use the chat.

Before we begin, I would like to remind you that this call is being recorded under information discussed today may include forward-looking statements regarding the company's financial and operating performance. All projections are subject to risks and uncertainties and actual results may differ materially. Please refer to the detailed note in the company's earnings release regarding forward-looking statements.

I will now turn the call over to Mr. Alejandro Elsztain, CEO.

Alejandro Elsztain

Good morning, everyone. We are finishing our balance sheet of 2023 and we can see this first page. What happened in the mixed results that we had combining, sustained commodity prices, but after the second-half, we began to see a drop on those, and cost pressure that last year we suffered mainly in fertilizers and in inputs that's affected mainly the margins -- the operational margins of the company. And in the same time, there were some effects on climate that affected our production, mainly Argentina, but the rest of the region was affected too.

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Comments (5)

see any other news? Up nicely today
Any idea on results of shareholder meeting?
AgainstTheDollar profile picture
Over $10/share soon, probably a few months.

Loaded a little extra back up after we dipped below $7.
@AgainstTheDollar just read the filings, another small stock dividend. i dont think seeking alpha has the cap right
I think those were pretty good results
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