Viterra has Most Successful Year on Record

Market conditions, record production volumes, and the completion of its acquisition of Gavilon have all contributed to Viterra posting its best year on record in 2022.

For the year ending December 31, 2022, the company posted record EBITDA of $2.65 billion - a 21 percent jump year-on-year, with a revenue increase of 35 percent to $54 billion, mostly driven by rallies in prices for soybeans, wheat, feed grains, and vegetable oils.

Viterra CEO David Mattiske noted that the acquisition of Gavilon has been transformational, positioning Viterra as a leader in every major exporting region of the world, and giving it 110 more up-country sites across all major growing regions in the U.S.

An additional advance made by the company includes the completed construction of a vegetable oil refining facility in Hungary that complements its existing crush facility on-site - all together supporting a continued positive outlook for 2023, while market conditions are expected to normalize.

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