08/04/2021 | Ingredients

Olam with robust operational financial performance in 2020

Global food and agri-business Olam International Limited has published its 2020 annual report, outlining the company’s financial and non-financial performance for the year. Key highlights include how Olam made significant progress on its reorganization plan to unlock and maximize long-term sustainable value via carve-out, IPO and concurrent demerger of Olam Food Ingredients (OFI) and pursue similar strategic options for Olam Global Agri (OGA). Olam has also successfully navigated the pandemic to emerge stronger, delivering robust operational financial performance in 2020.

Sunny Verghese, Co-Founder and Group CEO of Olam, says: “2020 was one of our strongest years on record as we delivered operational earnings growth of 36.0 percent to USD 677.8 million even as we contended with the Covid-19 pandemic. We also made significant progress on our transformational reorganization plan to unlock and illuminate the current value of our business and develop new strategic pathways that drive sustainable growth for the group”.