Ebro Foods : Q3 preview: the sequential margin expansion continues
>Price increases previously introduced remain while raw materials costs and energy costs recede - The company is due to publish its Q3 2023 results on 31 October at midday. We expect total sales to increase 12% y-o-y to € 763m (vs -2% in Q2 and +12% in Q1). At the operating level, we expect EBITDA to post an increase of 14% y-o-y to € 86m which equates to a 14pp y-o-y margin expansion driven mainly by the margin expansion of the pasta business at +397bp at 12.0%, wh...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.
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.
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