India, Feb. 3 -- Lavoro (LVRO, LVROW) posted a first quarter net loss of R$267.1 million, compared to a loss of R$71.0 million in the prior year quarter. Adjusted net loss was R$269.2 million, compared to adjusted net loss of R$42.9 million. Adjusted EBITDA decreased 5% to R$54.4 million. Revenue decreased by 13% year-over-year to R$2.05 billion.
Ruy Cunha, CEO of Lavoro, said, "Our first quater results reflect a continuation of the trends observed in recent quarters across our operating segments, with strong growth in Crop Care, relative stability for Latam Ag Retail despite market headwinds, and gradual gross margin recovery in Brazil Ag Retail, which expanded by 350 basis points year-over-year."
Lavoro revised guidance for fiscal 2025 ...