Swiss Water Decaffeinated Coffee, Inc (TSE:SWP) has released an update.
Swiss Water Decaffeinated Coffee Inc. reported a first-quarter revenue of $38.7 million for 2024, down $10.3 million from the same period last year due to normalized order patterns post an exceptional previous year. The company saw a marginal gross profit increase to $5.1 million, benefiting from consolidated operations in Delta, BC, despite a decline in sales volume and green coffee differential margin. Adjusted EBITDA fell to $2.8 million, reflecting the expected lower sales volumes and margins.
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