Olam Group Ltd 2022 AR2
The report highlights Olam Group's performance and strategic progress in 2022, navigating geopolitical and macroeconomic challenges. The group achieved a 16.8% increase in sales revenue to S$54.9 billion and a 13.1% increase in EBIT to S$1.6 billion. A major milestone was the sale of a 35.43% minority stake in Olam Agri to SALIC for US$1.24 billion, crystallizing a benchmark valuation of US$3.5 billion. Additionally, the group advanced its sustainability commitments, including mapping over 12,500 supply chains under AtSource and launching the Sub-Saharan Sustainable Cotton Programme to support over 30,000 farmers.
Company: Olam Group Ltd
Sector: Wholesale & retail
Country: Singapore
Year: 2022
Type: AR2
Pages: 276
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Olam Group Ltd
Annual Report
The report highlights Olam Group's performance and strategic progress in 2022, navigating geopolitical and macroeconomic challenges. The group achieved a 16.8% increase in sales revenue to S$54.9 billion and a 13.1% increase in EBIT to S$1.6 billion. A major milestone was the sale of a 35.43% minority stake in Olam Agri to SALIC for US$1.24 billion, crystallizing a benchmark valuation of US$3.5 billion. Additionally, the group advanced its sustainability commitments, including mapping over 12,500 supply chains under AtSource and launching the Sub-Saharan Sustainable Cotton Programme to support over 30,000 farmers.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Workplace Fatalities