Ebro Foods has posted a jump in net sales for the year, although the Spain-based group’s bottom line inched up by less than 1%, lapping 2014 results that were boosted by the sale of its stake in olive oil Deoleo.
For the year, net profit was flat at 0.8% at EUR144.8m (US$159.6m) “owing to the extraordinary income generated in 2014 on the divestment in Deoleo”, said Ebro.
EBITDA grew 9.6% to EUR314.8m.
Sales were up 16.1% year on year to EUR2.5bn.
Sales by division
See Also:
Rice: Sales of EUR1.3bn v EUR1.14bn – Good performance from SOS and Brillante products in Spain. “Record growth” in North America by Mahatma, Carolina, and instant rice brands.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataPasta: Sales of EUR1.2bn v EUR1.03bn
Europe: Sales up 3.8%. North America sales down on the back of consumption drops stemming from low-carb diets. Ebro “managed to reverse that trend towards the end of the year by promoting gluten-free, quinoa, ancient grains and 150-calorie products”.