Ebro reported its H1 results. Revenue grew by 20.9% whereas the EBITDA progressed by 8% (positive FX effect of 8%). The EBITDA margin was lower by 140bp yoy. By division, the Rice business delivered sales growth of +15.2% whereas the EBITDA margin was 90bp higher. In Pasta, sales grew by 27% while the EBITDA margin was down by 400bp (challenging North America). Profit before taxes dropped by 14% (no more one-off gains linked to the sale of Deoleo’s stake). Net debt increased to €51
29 Jul 2015
H1 update: quarterly improvment in margins
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H1 update: quarterly improvment in margins
Ebro Foods SA (AZU:FRA) | 0 0 1.2% | Mkt Cap: 3,139m
- Published:
29 Jul 2015 -
Author:
Anna Zyniewicz -
Pages:
2
Ebro reported its H1 results. Revenue grew by 20.9% whereas the EBITDA progressed by 8% (positive FX effect of 8%). The EBITDA margin was lower by 140bp yoy. By division, the Rice business delivered sales growth of +15.2% whereas the EBITDA margin was 90bp higher. In Pasta, sales grew by 27% while the EBITDA margin was down by 400bp (challenging North America). Profit before taxes dropped by 14% (no more one-off gains linked to the sale of Deoleo’s stake). Net debt increased to €51