Ebro Foods : Q4 operating performance beats our numbers and the guidance
>Price increases and cost efficiencies prevent a bigger margin erosion - Q4 2022 results reflect a significant increase in prices which do not fully offset inflation resulting in 1.2pp y-o-y margin erosion to an EBITDA margin of 10.8%. That said, the figure is above ours and the consensus and beats the guidance (€ 335m vs the € 315-320m indication). The NP, albeit affected by one-offs (€ 7m), soared +48% y-o-y. The underlying evolution was broadly aligned with the con...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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