Saudi Equity Research - SABIC Agri-Nutrients Co 3Q24 - First Look Note
SABIC AGRI-NUTRIENTS revenue increased 6.7% YOY to SAR 2,850 Mn in 3Q24, driven by a 5% growth in sales volume and a 2% growth in average selling price. The Company’s gross margins grew 393 bps QOQ to 37.6%, while the EBITDA margin grew 115 bps QOQ to 35.5% in 3Q24.
