Ebro Foods : Solid Q1 2023 operating performance
>Further price increases and some volume growth propitiate some sequential margin improvement - Overall, Ebro’s Q1 is a very solid quarter in operational terms (growing at a double-digit pace and beating both ours and consensus numbers) as it has been able to pass on cost inflation, deliver some volume growth and keep its market share broadly stable in a trade-down scenario. As a result, Rice shows a modest q-o-q margin expansion (and only eroding 40bp vs pre-war Q1 2...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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