After a strong set of FY19 figures, Ebro’s Q1 benefited from COVID-19 due to increasing rice and pasta consumption. Q2 should be even better, while we expect a gradual return to normal starting in Q3. EBITDA is affected by raw material prices increase, but the group is confident that the FY20 bottom line should be better yoy.
29 Apr 2020
COVID-19 pushed up Q1
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COVID-19 pushed up Q1
Ebro Foods SA (AZU:FRA) | 0 0 1.2% | Mkt Cap: 3,139m
- Published:
29 Apr 2020 -
Author:
Laura Parisot -
Pages:
3
After a strong set of FY19 figures, Ebro’s Q1 benefited from COVID-19 due to increasing rice and pasta consumption. Q2 should be even better, while we expect a gradual return to normal starting in Q3. EBITDA is affected by raw material prices increase, but the group is confident that the FY20 bottom line should be better yoy.