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Yara (YARIY) Buys Agribios Organic-Based Fertilizer Business
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Yara International ASA (YARIY - Free Report) completed its acquisition of the organic-based fertilizer business of Agribios Italiana, marking the second strategic buyout to bolster its organic strategy in Europe. This acquisition underscores Yara's dedication to expanding its offerings in support of regenerative agriculture and soil health improvement, complementing its existing mineral fertilizers.
The integration of Agribios' expertise in high-quality organic based fertilizers in Italy with Yara's extensive scale and reach across Europe will enable it to cater to the diverse needs of European farmers, irrespective of their farming methods. The move aligns with Yara's commitment to contribute to the European Union's ambition of increasing farmland under organic farming practices.
Yara expressed enthusiasm about the acquisition, emphasizing the importance of soil health for resilient crop production and sustainable farming. The aim is to enhance soil health, support regenerative agriculture and contribute to a nature-positive food future by expanding the crop nutrition portfolio in Italy.
The acquisition enables Yara to maximize synergies between organic-based and mineral fertilizers, which is crucial for regenerative agriculture. Combining organic and mineral nutrients enhances soil health, improves resource use efficiency and increases crops' resilience to climate change, aligning with Yara's commitment to balanced crop nutrition and sustainable practices.
Agribios Italiana stated the significance of this collaboration, expressing excitement about bringing its expertise to the European stage. Agribios, with a broad portfolio of organic-based fertilizers, contributes to the circular economy and reduces environmental impact. It also caters to organic and conventional farming.
Agribios, with a market share of around 10% in Italy's organic-based fertilizer market, will provide Yara with a strong foothold in Italy. The country is the second-largest market for such fertilizers in Europe. Yara aims to increase sales in the organic-based fertilizer market in Italy and neighboring countries by approximately 30% within the next three years.
This acquisition positions Yara to leverage its established sales and distribution platform in Europe to offer Agribios' products to customers outside Italy. With the organic fertilizer market in Europe expected to grow significantly, Yara continues its commitment to sustainable agriculture, building on its previous acquisition of Ecolan in 2021.
Yara’s shares have lost 21.9% in the past year against a 30.6% fall of the industry.
The consensus estimate for AXTA’s current-year earnings is pegged at $1.58, indicating year-over-year growth of 6.8%. AXTA beat the Zacks Consensus Estimate in three of the last four quarters and missed one, with the average earnings surprise being 6.7%. The company’s shares have increased 23.8% in the past year.
The Zacks Consensus Estimate for HWKN’s current-year earnings has been revised upward by 1.8% in the past 60 days. HWKN beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 27.5% on average. The stock has rallied around 61.4% in a year.
The consensus estimate for Alamos’ current fiscal year earnings is pegged at 53 cents, indicating a year-over-year surge of 89.3%. AGI beat the Zacks Consensus Estimate in all of the last four quarters, with the average earnings surprise being 25.6%. The company’s shares have surged 33% in the past year.
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Yara (YARIY) Buys Agribios Organic-Based Fertilizer Business
Yara International ASA (YARIY - Free Report) completed its acquisition of the organic-based fertilizer business of Agribios Italiana, marking the second strategic buyout to bolster its organic strategy in Europe. This acquisition underscores Yara's dedication to expanding its offerings in support of regenerative agriculture and soil health improvement, complementing its existing mineral fertilizers.
The integration of Agribios' expertise in high-quality organic based fertilizers in Italy with Yara's extensive scale and reach across Europe will enable it to cater to the diverse needs of European farmers, irrespective of their farming methods. The move aligns with Yara's commitment to contribute to the European Union's ambition of increasing farmland under organic farming practices.
Yara expressed enthusiasm about the acquisition, emphasizing the importance of soil health for resilient crop production and sustainable farming. The aim is to enhance soil health, support regenerative agriculture and contribute to a nature-positive food future by expanding the crop nutrition portfolio in Italy.
The acquisition enables Yara to maximize synergies between organic-based and mineral fertilizers, which is crucial for regenerative agriculture. Combining organic and mineral nutrients enhances soil health, improves resource use efficiency and increases crops' resilience to climate change, aligning with Yara's commitment to balanced crop nutrition and sustainable practices.
Yara International ASA Price and Consensus
Yara International ASA price-consensus-chart | Yara International ASA Quote
Agribios Italiana stated the significance of this collaboration, expressing excitement about bringing its expertise to the European stage. Agribios, with a broad portfolio of organic-based fertilizers, contributes to the circular economy and reduces environmental impact. It also caters to organic and conventional farming.
Agribios, with a market share of around 10% in Italy's organic-based fertilizer market, will provide Yara with a strong foothold in Italy. The country is the second-largest market for such fertilizers in Europe. Yara aims to increase sales in the organic-based fertilizer market in Italy and neighboring countries by approximately 30% within the next three years.
This acquisition positions Yara to leverage its established sales and distribution platform in Europe to offer Agribios' products to customers outside Italy. With the organic fertilizer market in Europe expected to grow significantly, Yara continues its commitment to sustainable agriculture, building on its previous acquisition of Ecolan in 2021.
Yara’s shares have lost 21.9% in the past year against a 30.6% fall of the industry.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Yara currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Basic Materials space are Axalta Coating Systems Ltd. (AXTA - Free Report) , sporting a Zacks Rank #1 (Strong Buy), and Hawkins, Inc (HWKN - Free Report) and Alamos Gold Inc. (AGI - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for AXTA’s current-year earnings is pegged at $1.58, indicating year-over-year growth of 6.8%. AXTA beat the Zacks Consensus Estimate in three of the last four quarters and missed one, with the average earnings surprise being 6.7%. The company’s shares have increased 23.8% in the past year.
The Zacks Consensus Estimate for HWKN’s current-year earnings has been revised upward by 1.8% in the past 60 days. HWKN beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 27.5% on average. The stock has rallied around 61.4% in a year.
The consensus estimate for Alamos’ current fiscal year earnings is pegged at 53 cents, indicating a year-over-year surge of 89.3%. AGI beat the Zacks Consensus Estimate in all of the last four quarters, with the average earnings surprise being 25.6%. The company’s shares have surged 33% in the past year.