Spanish food group Ebro Puleva has posted an 11% jump in net profit for the first quarter, which rose to EUR32.5m in the three-month period.
EBITDA rose 20.9%, climbing to EUR68m, as the company felt the positive impact from favourable currency exchange and falling input costs for raw materials.
Turnover was also up, rising 4.2% to EUR575.1m, the group revealed in its earnings release today (29 April).
The company described the results as “spectacular”.
“[We] started the year 2009 with strong growth across all divisions and in all parameters of profitability,” the group said.