H1 update: revenue grew by 2.3% (+5.5% in Q2), whereas EBITDA contracted by 16.6%. The EBITDA margin stood at 11.2%. By division, the Rice business’s sales were up +2.6% in Q2, whereas the EBITDA margin contracted vs. Q1 to 12%. In Pasta, sales were up +8% in Q2 (partially helped by easier comps) while the EBITDA margin stood at 11.1% (vs. 11.8% in Q1). Net profit for the period is down 17.1%.
26 Jul 2018
Q2 disappoints
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Q2 disappoints
Ebro Foods SA (AZU:FRA) | 0 0 1.2% | Mkt Cap: 3,139m
- Published:
26 Jul 2018 -
Author:
Anna Zyniewicz -
Pages:
2
H1 update: revenue grew by 2.3% (+5.5% in Q2), whereas EBITDA contracted by 16.6%. The EBITDA margin stood at 11.2%. By division, the Rice business’s sales were up +2.6% in Q2, whereas the EBITDA margin contracted vs. Q1 to 12%. In Pasta, sales were up +8% in Q2 (partially helped by easier comps) while the EBITDA margin stood at 11.1% (vs. 11.8% in Q1). Net profit for the period is down 17.1%.