Q1 update: net sales grew +3.4%, whereas the EBITDA margin was up +170bp to 14.8%. By division, Rice recorded +3.6% growth in net sales and +220bp in the EBITDA margin (which stood at 17.5%), additionally supported by a favourable raw materials environment. Pasta recorded +2.5% growth in net sales and +30bp in the EBITDA margin. The group highlighted that the harvests in durum wheat were of poorer quality (but good in quantity) in both North America and Europe which, however, did not have an
27 Apr 2017
A great Q1
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A great Q1
Ebro Foods SA (AZU:FRA) | 0 0 1.2% | Mkt Cap: 3,139m
- Published:
27 Apr 2017 -
Author:
Anna Zyniewicz -
Pages:
2
Q1 update: net sales grew +3.4%, whereas the EBITDA margin was up +170bp to 14.8%. By division, Rice recorded +3.6% growth in net sales and +220bp in the EBITDA margin (which stood at 17.5%), additionally supported by a favourable raw materials environment. Pasta recorded +2.5% growth in net sales and +30bp in the EBITDA margin. The group highlighted that the harvests in durum wheat were of poorer quality (but good in quantity) in both North America and Europe which, however, did not have an