Report
Pedro Echeguren

Reig Jofre: 2Q19 results grow 3% in sales and net profit

Reig Jofre: 2Q19 results grow 3% in sales and net profit

  • Sales in 1H19 increased +3%, but sales and earnings dipped in 2Q19 from 1Q19
  • An equity issue in 2Q19 to prepare for an acquisition that closed in July 2019
  • Net debt falls sharply following the equity increase but is set to increase again in 3Q19
  • Valuation
Underlying
Laboratorio Reig Jofre SA

Laboratorio Reig Jofre is engaged in the research and development of active principles and natural functional ingredients for the manufacture of natural compounds used in functional foods, cosmetics and pharmaceutical products. In its research and development activities, Co. offers product concept (incorporating a functional ingredient), product design, development process, clinical tests, nutritional and/or nutraceutic marketing, financial advising and assistance for subsidies application. Products include natural caffeine, cocoa and chocolate aroma, guarana extract, kola nut extract, olive powder, cocoa extract, and naringin, kava-kava extract, citrus bioflavonoids, and cocoa butter.

Provider
Bankinter S.A.
Bankinter S.A.

Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.

Analysts
Pedro Echeguren

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