Ebro Foods net profit up 11% to €208 million, driven by growth in operating results and sales of assets
Intermoney | Very positive results for the company, with a 2% growth in revenue (due to improved volumes) and exceeding estimates in EBITDA (up 6.7% compared to our estimate of 5.2% and the consensus of 5.3%) and EBIT (up 7.2% compared to our estimate of 5.6%) thanks mainly to improved margins. In the €26M improvement in EBITDA to €413M, 73% of the increase is due to improved margins and the…