Ebro Foods : Strong operating results in Q2 2022 (4% beat for consensus EBITDA). Guidance upgraded
>Q2 2022 EBITDA 4% above consensus expectations - Ebro has published another set of strong results in Q2 2022: on a comparable basis (excluding the divested dry pasta business), group revenues increased +28% y-o-y in Q2 2022 to € 733m (vs +24% in Q1 2022) showing the benefits of price increases and higher rice volumes and beating our estimates by 11% and also 7% ahead of consensus expectations. Group EBITDA reached € 82m (+18% y-o-y and vs +11% in Q1 2022) also beatin...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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