Report
Isabel Carballo

Ebro Foods : Model update after a publication of good numbers in Q1 2022 results

>Good start of the year with Q1 2022 EBITDA 15% above consensus expectations - Ebro has published a good set of results in Q1 2022: on a comparable basis (excluding the divested dry pasta business for both years 2022 and 2021 and including the rice business of Panzani at the rice division), group revenues increased +24% y-o-y in Q1 2022 to € 726m (vs +8% in Q4 2021 and +5% in Q3) showing the benefits of price increases and higher rice volumes (stocking in some countri...
Underlying
Ebro Foods SA

Ebro Puleva is a food manufacturing group based in Spain. Co. is engaged in the manufacture and marketing, export and import of sugar, rice, dairy products, and products destined for agriculture development and human and animal consumption. Co.'s brand names include: Panzani®, Ronzoni®, American Beauty®, Skinner®, Lancia®, Catelli®, Healthy Harvest®, etc. in pastas and sauces, Mahatma®, Sucess®, Carolina®, Lustucru®, Taureau Aile®, Oryza®, Bosto®, Reis-Fit®, Riceland®, Danrice®, Risella®, Brillante®, Nomen®, La Cigala® and La Fallera® in the rice sector, Puleva®, Ram® and El Castillo® in the dairy sector, and Azucarera® and Sucran® in the sugar sector.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Isabel Carballo

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