The integration of businesses acquired last year has boosted half-year profits at Ebro Foods, the Spanish food company has said.
Ebro yesterday (24 July) reported a 19.1% increase in net profit to EUR67.2m for the first half of 2012. EBIT was up 14.2% at EUR106.3m. It also reported a 20.6% increase in net sales to EUR1.02bn.
Go deeper with GlobalData
The company said the “successful” integration of businesses purchased in 2011 helped its results.
In December, Ebro announced it would buy two brands from US sales and marketing firm Strom Products. In April, Ebro purchased the rice assets of the then SOS Corporacion Alimentaria.
The group also said its half-year results benefited from a “relatively stable” commodity market, NPD and its rice plant in Memphis becoming “fully operational”.
See Also:
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 GlobalData
