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Key points:
Cobram Estate Olives sees strong sales growth in Australia and USA.USA opportunity with rising demand for locally produced olive oil.No significant impact expected from potential US tariffs.
Cobram Estate Olives (ASX:CBO) CEO Sam Beaton states that the company has seen strong growth, with sales rising 34.6% in both Australia and the USA. Sam highlights an impressive EBITDA of $66 million and a record operating cash flow of $64.1 million. The company continues to invest heavily, especially in the USA.
Sam remarks that Cobram Estate Olives (ASX:CBO) sees a huge opportunity in the USA, as only about 4% of olive oil consumed is domestically produced. With increasing demand for high-quality olive oil, Cobram Estate Olives aims to expand its market share and drive supply while focusing on sustainability.
Concerning potential tariffs proposed by Donald Trump, Sam mentions that as most products are domestically produced, there should be no negative impact. Cobram Estate currently ranks as the 8th largest olive oil brand in the USA and is present in over 18,000 stores.