Exhibit 99.1
Alliance One International, Inc.           Tel:      919 379 4300
8001 Aerial Center Parkway                    Fax:     919 379 4346
Post Office Box 2009                               www.aointl.com
Morrisville, NC 27560-2009
USA
 
 
 
 
NEWS RELEASE                      
Contacts: Joel L. Thomas
 
                  (919) 379-4300


Alliance One International Reports Improved Profitability for Fiscal Year 2015 and Fourth Quarter Results

Morrisville, NC - June 8, 2015 -
Alliance One International, Inc. (NYSE: AOI) today announced results for its fiscal year and fourth quarter ended March 31, 2015.

Highlights

Fiscal 2015

Sales decreased 12.3% to $2,065.9 million primarily due to the impact of a Brazilian subsidiary that was deconsolidated following completion of a joint venture in March 2014, as well as lower full service volumes and reduced average sales price as a result of global oversupply.
Gross profit increased 6.3% to $255.1 million and gross profit as a percentage of sales also improved to 12.3% this year from 10.2% last year.
SG&A was down 6.8% or $9.1 million after adjusting for unusual customer receivable reserves in both fiscal year 2015 and 2014.
Adjusted EBITDA improved 9.8% to $173.2 million and was 8.4% of sales.
The Company purchased and cancelled $15.0 million of its Senior Secured Second Lien Notes during fiscal 2015 leaving $720.0 million of face amount outstanding.
Total debt less cash divided by Adjusted EBITDA improved to 5.36x compared to 5.60x last year-end.

Fourth Quarter

Sales increased 19.9% to $738.1 million.
Gross profit increased 80.3% to $78.8 million and gross profit as a percentage of sales improved to 10.7% this year compared to 7.1% last year.
Adjusted EBITDA improved 188.5% to $59.3 million and was 8.0% of sales.
The Company purchased and cancelled $5.0 million of its Senior Secured Second Lien Notes during the quarter.
The Company initiated implementation of the first phase cost reduction and efficiency improvement program in March 2015 to achieve $30.0 to $35.0 million of anticipated recurring annualized savings that will begin to be recognized in fiscal year 2016 as part of a multi-phase plan.

Pieter Sikkel, Chief Executive Officer and President, said, “I am really pleased with the performance our global team achieved through fiscal year 2015 under challenging trading conditions. Fiscal year 2015 volume and sales were impacted by global oversupply as a result of customers that modified inventory positions due to reduced consumer demand in some markets over the last 36 months. Global oversupply now appears to be moving back towards equilibrium with reduced crop sizes planned and market pricing to suppliers that reflects the oversupply imbalance. Important to full year results, our fourth quarter sales improved 19.9% to $738.1 million versus last year and was the second best quarter in the Company’s history. Adjusted EBITDA improved 188.5% to $59.3 million or 8.0% of sales. For the year, sales decreased 12.3% to $2,065.9 million, while Adjusted EBITDA improved 9.8% to $173.2 million and was 8.4% of sales with improved total debt less cash divided by Adjusted EBITDA of 5.36x.


The following information was filed by Alliance One International, Inc. (AOI) on Monday, June 8, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Alliance One International, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Alliance One International, Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account