Q3 update: sales are down 3.5% and the EBITDA margin contracted by 60bp on the back of the Rice business which was impacted by higher raw material prices and hurricanes in the US. By division, Rice recorded -5.6% in sales and an 80bp EBITDA margin contraction. Pasta recorded -2.1% in sales and a -30bp in EBITDA margin. After 9M, the group’s sales are up 0.6%, whereas the EBITA margin is 14.3%. For the FY, the group expects a turnover of €2.51bn (slightly lower than our forecast of
26 Oct 2017
Q3 impacted by hurricanes
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Q3 impacted by hurricanes
Ebro Foods SA (AZU:FRA) | 0 0 1.2% | Mkt Cap: 3,139m
- Published:
26 Oct 2017 -
Author:
Anna Zyniewicz -
Pages:
2
Q3 update: sales are down 3.5% and the EBITDA margin contracted by 60bp on the back of the Rice business which was impacted by higher raw material prices and hurricanes in the US. By division, Rice recorded -5.6% in sales and an 80bp EBITDA margin contraction. Pasta recorded -2.1% in sales and a -30bp in EBITDA margin. After 9M, the group’s sales are up 0.6%, whereas the EBITA margin is 14.3%. For the FY, the group expects a turnover of €2.51bn (slightly lower than our forecast of