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Bunge Ltd (BG.N)

BG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bunge Ltd Qtrly Adjusted. Earnings Per Share $0.08
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Bunge Ltd ::BUNGE REPORTS FOURTH QUARTER AND FULL-YEAR 2018 RESULTS.Q4 GAAP LOSS PER SHARE $0.51.Q4 EARNINGS PER SHARE ESTIMATE $0.20 -- REFINITIV IBES DATA.STRATEGIC REVIEW AND CEO SEARCH PROGRESSING.GLOBAL COMPETITIVENESS PROGRAM DELIVERED $200 MILLION OF SAVINGS IN 2018, EXPECT $50 MILLION OF ADDITIONAL SAVINGS IN 2019.QTRLY ADJUSTED. EARNINGS PER SHARE $0.08.BEGINNING IN 2019, COMPANY IS CHANGING ITS GUIDANCE APPROACH.QTRLY NET SALES $11,543 MILLION VERSUS $11,605 MILLION REPORTED LAST YEAR.BEGINNING IN 2019, WILL PROVIDE DIRECTIONAL GUIDANCE FOR COMPANY INSTEAD OF INDIVIDUAL SEGMENT EBIT RANGES AS IT HAS PREVIOUSLY.."ALTHOUGH 2018 WAS A SUBSTANTIALLY BETTER YEAR THAN 2017, WE ARE NOT SATISFIED WITH THESE RESULTS".SEES 2019 NET INTEREST EXPENSE IN RANGE OF $290 TO $310 MILLION.SEES 2019 CAPITAL EXPENDITURES OF APPROXIMATELY $550 MILLION.IN AGRIBUSINESS, BASED ON CURRENT SOY CRUSH MARGIN ENVIRONMENT, 2019 FULL-YEAR RESULTS WOULD BE EXPECTED TO BE LOWER THAN 2018.QTRLY LOWER AGRIBUSINESS RESULTS WERE LARGELY DUE TO REDUCTION IN VALUE OF COMPANY'S BRAZILIAN SOYBEAN OWNERSHIP.BUNGE - IN SUGAR & BIOENERGY, BASED ON NORMAL WEATHER, FORWARD PRICE CURVES FOR SUGAR & ETHANOL, 2019 RESULTS WOULD BE EXPECTED TO BE ABOUT BREAK-EVEN.IN FERTILIZER, BASED ON CURRENT MARKET ENVIRONMENT, 2019 RESULTS WOULD BE LOWER THAN LAST YEAR..FOR MILLING PRODUCTS, IN QUARTER, HIGHER MARGINS AND VOLUMES IN BRAZIL WERE MORE THAN OFFSET BY LOWER MARGINS AND VOLUMES IN MEXICO.  Full Article

Bunge Says Entered Unsecured $1.1 Bln 5-Year Revolving Credit Agreement
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Bunge Ltd ::BUNGE LTD - ON DEC 14, UNIT ENTERED INTO AN UNSECURED U.S. $1.1 BILLION 5-YEAR REVOLVING CREDIT AGREEMENT.BUNGE LTD - CREDIT AGREEMENT MATURES ON DECEMBER 14, 2023 - SEC FILING.BUNGE LTD - AGREEMENT REPLACES EXISTING U.S. $1.1 BILLION 5-YEAR REVOLVING CREDIT AGREEMENT, DATED AS OF NOV 20, 2014.BUNGE-ON DEC 14, UNIT AMENDED EXISTING LIQUIDITY AGREEMENT TERMS ; AMENDED IT TO EXTEND EXPIRATION DATE OF LIQUIDITY BANKS’ COMMITMENTS TO DEC 14, 2023.BUNGE LTD - TO USE PROCEEDS FROM CREDIT AGREEMENT TO FUND INTERCOMPANY ADVANCES TO BUNGE AND/OR CERTAIN BUNGE SUBSIDIARIES, AMONG OTHERS.  Full Article

Bunge Ltd - Board of directors has declared a regular quarterly cash dividend of $0.50 per common share
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Bunge Ltd ::BUNGE LTD - BOARD OF DIRECTORS HAS DECLARED A REGULAR QUARTERLY CASH DIVIDEND OF $0.50 PER COMMON SHARE.  Full Article

Bunge Reports Third Quarter 2018 Results
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Bunge Ltd ::BUNGE REPORTS THIRD QUARTER 2018 RESULTS.Q3 GAAP EARNINGS PER SHARE $2.39.Q3 EARNINGS PER SHARE VIEW $2.39 -- THOMSON REUTERS I/B/E/S.EXPECT 2018 FULL-YEAR EBIT OUTLOOK OF ABOUT $1.2 BILLION.QTRLY ADJUSTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS $2.52.EXPECT TO DELIVER A GOOD Q4 LED BY OUR NORTHERN HEMISPHERE OILSEED PROCESSING OPERATIONS.INCREASING 2018 SAVINGS TARGET TO $175 MILLION FROM $150 MILLION.BUSINESS CONDITIONS ARE EXPECTED TO REMAIN FAVORABLE FOR BALANCE OF 2018 AND INTO 2019.GLOBAL COMPETITIVENESS PROGRAM EXPECTED TO DELIVER FULL SAVINGS A YEAR AHEAD OF SCHEDULE.QTRLY NET SALES $11,412 MILLION VERSUS $11,423 MILLION.GLOBAL COMPETITIVENESS PROGRAM IS NOW EXPECTED TO GENERATE $175 MILLION IN SG&A SAVINGS THIS YEAR.QTRLY NET SALES $11,412 MILLION VERSUS $11,423 MILLION REPORTED LAST YEAR.Q3 REVENUE VIEW $12.05 BILLION -- THOMSON REUTERS I/B/E/S.BUNGE-FAVORABLE CONDITIONS FOR BALANCE OF 2018 & INTO 2019 ARE DRIVEN BY STRONG OILSEEDS PROCESSING MARGINS & IMPROVING CONDITIONS IN EDIBLE OILS.ACHIEVED $65 MILLION OF INDUSTRIAL COST SAVINGS TOWARD FULL YEAR TARGET OF $80 MILLION.LOOKING AHEAD, EXPECT TO DELIVER A "GOOD" Q4 LED BY NORTHERN HEMISPHERE OILSEED PROCESSING OPERATIONS.IN GRAINS, HIGHER RESULTS IN QUARTER WERE PRIMARILY DRIVEN BY BRAZIL ORIGINATION.IN QUARTER, MILLING PRODUCTS IMPROVED PERFORMANCE WAS DRIVEN BY HIGHER RESULTS IN BRAZIL AS MARGINS EXPANDED WITH SMALLER DOMESTIC WHEAT CROP.  Full Article

Bunge Announces Appointment Of Three Directors To Board, With A Fourth New Director To Be Appointed Before Year-End
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Bunge Ltd ::BUNGE ANNOUNCES APPOINTMENT OF THREE DIRECTORS TO BOARD, WITH A FOURTH NEW DIRECTOR TO BE APPOINTED BEFORE END OF YEAR.BUNGE ANNOUNCES APPOINTMENT OF THREE DIRECTORS TO BOARD, WITH A FOURTH NEW DIRECTOR TO BE APPOINTED BEFORE END OF YEAR.BUNGE LTD - WILL FORM STRATEGIC REVIEW COMMITTEE OF BOARD.BUNGE LTD - APPOINTMENTS ARE EFFECTIVE TODAY.BUNGE LTD - WITH ADDITION OF THREE NEW DIRECTORS, BOARD HAS EXPANDED TO 14 DIRECTORS.BUNGE LTD - COMMITTEE WILL MAKE RECOMMENDATIONS TO CEO AND BOARD.BUNGE LTD - BUNGE, D. E. SHAW GROUP AND CONTINENTAL GRAIN REACHED AN AGREEMENT TO APPOINT THREE DIRECTORS AS WELL AS A FOURTH.BUNGE LTD - BOARD COMMITTEE WILL CONDUCT A COMPREHENSIVE, STRATEGIC REVIEW FOCUSED ON ENHANCING LONG-TERM SHAREHOLDER VALUE.BUNGE LTD - GREG HECKMAN WILL JOIN CORPORATE GOVERNANCE AND NOMINATIONS COMMITTEE.BUNGE LTD - PAUL FRIBOURG WILL JOIN FINANCE AND RISK POLICY COMMITTEE AND JAY WINSHIP WILL JOIN COMPENSATION COMMITTEE.BUNGE LTD - IN ADDITION TO NEW APPOINTMENTS, COMPANY ADDED MARK ZENUK AND VINITA BALI TO BOARD OVER PAST TEN MONTHS.BUNGE - FOURTH DIRECTOR TO BE A MUTUALLY AGREEABLE INDEPENDENT DIRECTOR TO BE APPOINTED BY YEAR END..  Full Article

Wilmar International Says Unit To Buy Bunge's Raw & White Sugar Contracts
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Bunge Ltd ::UNIT AGREED TO BUY GLOBAL BOOK OF OPEN SALE & PURCHASE CONTRACTS FOR RAW AND WHITE SUGAR FROM SUBSIDIARIES OF BUNGE LIMITED.ACQUISITION IS NOT EXPECTED TO HAVE ANY MATERIAL IMPACT ON FINANCIAL POSITION OF WILMAR FOR CURRENT FINANCIAL YEAR.UNIT AGREED TO BUY GLOBAL BOOK OF OPEN SALE & PURCHASE CONTRACTS FOR RAW AND WHITE SUGAR FROM SUBSIDIARIES OF BUNGE LIMITED.  Full Article

Bunge Announces Retirement Of Agribusiness President, Brian Thomsen
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Bunge Ltd ::BUNGE ANNOUNCES RETIREMENT OF AGRIBUSINESS PRESIDENT, BRIAN THOMSEN.BUNGE LTD - THOMSEN WILL REMAIN WITH COMPANY THROUGH END OF YEAR.  Full Article

Bunge Q2 GAAP Loss Per Share $0.20
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Bunge Ltd ::GLOBAL COMPETITIVENESS PROGRAM EXCEEDING EXPECTATIONS; INCREASING 2018 SAVINGS TARGET TO $150 MILLION FROM $100 MILLION.BUNGE REPORTS SECOND QUARTER 2018 RESULTS.Q2 GAAP LOSS PER SHARE $0.20.Q2 EARNINGS PER SHARE VIEW $1.04 -- THOMSON REUTERS I/B/E/S.MAINTAINING 2018 FULL-YEAR EBIT OUTLOOK OF ABOUT $1.3 BILLION.LODERS CROKLAAN INTEGRATION PROGRESSING WELL.IN AGRIBUSINESS, EXPECT FULL-YEAR EBIT RESULTS TO BE TOWARD UPPER END OF RANGE OF $800 MILLION TO $1.0 BILLION.QTRLY AGRIBUSINESS IMPACTED BY ABOUT $125 MILLION OF NEW NEGATIVE MARK-TO-MARKET ON FORWARD SOY CRUSHING CONTRACTS.IN FOOD & INGREDIENTS, EXPECT RESULTS TO BE AT LOWER END OUR FULL-YEAR EBIT OUTLOOK RANGE OF $290 TO $310 MILLION.QTRLY EARNINGS PER SHARE $0.10 ON AN ADJUSTED BASIS.EXPECT TO REDUCE ACTUAL ADDRESSABLE SG&A FROM ADDRESSABLE BASELINE LEVEL OF $1.35 BILLION TO $1.1 BILLION BY 2020.QTRLY NET SALES $12,147 MILLION VERSUS $11,645 MILLION IN Q2 2017.IN GRAINS, QTRLY RESULTS WERE LOWER THAN EXPECTED IN SOUTH AMERICAN ORIGINATION AND TRADING & DISTRIBUTION.Q2 REVENUE VIEW $12.16 BILLION -- THOMSON REUTERS I/B/E/S.IN FOOD & INGREDIENTS, SAW ANTICIPATED IMPROVEMENT IN BRAZIL MARKET CONDITIONS IN QUARTER.QTRLY EDIBLE OILS PERFORMANCE WAS SOFT DUE TO MARGIN PRESSURE FROM A TEMPORARY SURPLUS OF SOY OIL.TOTAL COMPANY PERFORMANCE IN Q2 CAME IN BELOW CO'S ESTIMATES."CONFIDENT" TO DELIVER ON CO'S TARGETS FOR FULL YEAR.  Full Article

Bunge Says With Appointment Of Mark Zenuk, Co's Board Consists Of 11 Directors
Thursday, 12 Jul 2018 

July 12 (Reuters) - Bunge Ltd ::BUNGE SAYS WITH APPOINTMENT OF MARK ZENUK, CO'S BOARD CONSISTS OF 11 DIRECTORS - SEC FILING.  Full Article

Mark Zenuk To Join Bunge Limited Board Of Directors
Thursday, 12 Jul 2018 

July 12 (Reuters) - Bunge Ltd ::MARK ZENUK TO JOIN BUNGE LIMITED BOARD OF DIRECTORS.BUNGE LTD - MARK ZENUK HAS BEEN APPOINTED TO ITS BOARD OF DIRECTORS, EFFECTIVE JULY 17, 2018.  Full Article

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Paraguay economy to grow under 3% this year, finance minister says

ASUNCION Paraguay's finance minister told Reuters economic growth in 2019 was likely to come in below 3% from an earlier projected 3.2% percent thanks mainly to weak soybean production caused by poor weather in the first half of the year.