Bunge Lifts 2022 Earnings as Ukraine War Tightens Supplies

On Wednesday,Bungereported a higher quarterly adjusted profit and raised its full-year earnings forecast by 21% on robust demand andtighter supplies of essential cropssince Russia's invasion of Ukraine.

报告suggests the two-month war has exacerbated already thin supplies of grain and oilseeds after weather-reduced crops in South America and other key production areas, boosting demand and lifting crop processing margins for Bunge.

邦格的结果反映了strong earnings from ADM周二。ADM预测，在某些国家收获不足之后，全球主要农作物钉书钉的供应将至少两年，并且由俄罗斯入侵乌克兰引发的运输中断。

“I am very proud of our team’s continued agility and dedication to ensuring key food, feed and fuel products are getting from farmers to consumers as we navigate this unprecedented global market, further intensified by the war in Ukraine," said Greg Heckman, Bunge's CEO.

"In addition to our corporate humanitarian contributions, our global team continues to actively support our colleagues in the region during this difficult time, including volunteering to assist displaced colleagues and their families with shelter, food and other critical needs.

From a business standpoint, Heckman says the changes the company has made to its operating model have enabled it to provide innovative solutions to customers on both ends of the supply chain and help them respond to the highly dynamic and challenging environment.

"While we expect market conditions to continue shifting, I am confident we have the right team and platform in place to execute our critical role in the global agriculture and food supply chains," he said.

Bunge raised full-year adjusted earnings guidance to $11.50/share, from $9.50 previously, and said the guidance had "upside potential" as tight supplies and strong demand persist.

Other points highlighted inBunge's report包括：

• Q1 GAAP EPS of $4.48 versus $5.52 in the prior year; $4.26 versus $3.13 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences
• Agribusiness continues to adapt to dynamic, rapidly changing market conditions while connecting farmers to global consumers
• 精炼和Specialty Oils benefiting from favorable demand trends, as well as supply chain and innovation capabilities
• Increasing full-year adjusted EPS outlook to at least $11.50 based on stronger than expected Q1 results and current forward crush curves

—Lisa Cleaver