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Cobram Estate Olives Ltd. ( (AU:CBO) ) has issued an update.
Cobram Estate Olives Ltd. announced the successful completion of its 2025 Australian olive harvest, yielding a total of 15.3 million litres of olive oil, marking a 10.2% increase from the previous ‘on-year’ in 2023. The company expects its FY2025 EBITDA to reach approximately $115 million, driven by strong sales in Australia and the USA. In response to rapid growth in the US market, joint-CEO Leandro Ravetti will relocate to California to enhance business operations and strategic importance in the region. Additionally, Cobram Estate has acquired Leda Ag, a farming machinery business, to bolster its operational capabilities.
The most recent analyst rating on (AU:CBO) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Cobram Estate Olives Ltd. stock, see the AU:CBO Stock Forecast page.
More about Cobram Estate Olives Ltd.
Cobram Estate Olives Ltd. operates in the agriculture industry, focusing on the production and sale of high-quality extra virgin olive oil. The company is known for its premium brand, Cobram Estate, and has a significant market presence in both Australia and the USA.
Average Trading Volume: 215,315
Technical Sentiment Signal: Buy
Current Market Cap: A$900.7M
See more insights into CBO stock on TipRanks’ Stock Analysis page.