FY update: sales are up 1.9% (Q4: 5.8%) with the EBITDA margin up by 30bp to 14.3% (in line with 9M). By division, Rice recorded +4.8% in sales with the EBITDA margin at 15.3% (stable yoy). Pasta recorded -1.4% in sales and a 70bp progression in the EBITDA margin to 13.4%. Garofalo continues to register double-digit growth. Net profit is up 30% due to US tax regime benefits (c. €50.6m gain). The new tax reform will benefit the company through a reduction in outgoing tax payments of aroun
02 Mar 2018
FY in line, sees increase in rice prices
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY in line, sees increase in rice prices
Ebro Foods SA (AZU:FRA) | 0 0 1.2% | Mkt Cap: 3,139m
- Published:
02 Mar 2018 -
Author:
Anna Zyniewicz -
Pages:
2
FY update: sales are up 1.9% (Q4: 5.8%) with the EBITDA margin up by 30bp to 14.3% (in line with 9M). By division, Rice recorded +4.8% in sales with the EBITDA margin at 15.3% (stable yoy). Pasta recorded -1.4% in sales and a 70bp progression in the EBITDA margin to 13.4%. Garofalo continues to register double-digit growth. Net profit is up 30% due to US tax regime benefits (c. €50.6m gain). The new tax reform will benefit the company through a reduction in outgoing tax payments of aroun