At a meeting held earlier today, the Ebro Foods board resolved to propose a 6.67% increase in the ordinary dividend to be paid to its shareholders in 2013 against the 2012 profits. Ebro shareholders will receive €0.48 compared to €0.45 paid in 2012. In total, €73.8 million will be distributed among shareholders. According to this… Read more
Net profit up 19% to 110 million
Ebro posted a net profit of €110 million in the first nine months of 2012, representing a year-on-year growth of 19.1%. Profit before tax grew by 24% year on year to €178 million. Net turnover, pushed up mainly by the incorporation of new businesses, totalled €1,518 million, 16% more than in the first nine months… Read more
EBRO CLOSES SALE OF THE RICE BRANDS NOMEN, LA CAZUELA, LA PARRILLA, NOBLEZA AND PAVO REAL
Following approval by the Spanish National Antitrust Committee, Ebro has today closed the sale of the rice brands Nomen, La Cazuela, La Parrilla, Nobleza and Pavo Real. As we mentioned last April, the Nomen brand has been sold to Arrossaires del Delta de L’Ebre, SCCL (http://www.arrossaires.com/es), while La Cazuela, La Parrilla, Nobleza and Pavo Real… Read more
NET PROFIT UP 19% TO 67 MILLION
Ebro chalked up a net profit of €67.2 million in the first half of 2012, representing a year-on-year growth of 19.1%. Net turnover, benefiting from the incorporation of the new businesses, rose 20.6% year on year to €1,012.8 million. The company also achieved considerable growth in its operating profits. The EBITDA, or gross operating profit,… Read more
EBROS NET TURNOVER RISES 25% TO 530.9 MILLION
Ebro posted a net profit of €32.2 million in the first quarter of 2012, on a par with that posted in 1Q 2011, but obtained in a scenario of weaker consumption and more acute economic recession. The company’s EBITDA, or gross operating profit, totalled €64.9 million, up 2.4% year on year, boosted by the good… Read more
EBRO ANNOUNCES EXTRAORDINARY SCRIP DIVIDEND
Within the terms of its dividend policy and demonstrating its commitment to its shareholders, the board of directors of Ebro Foods, S.A. resolved today to propose at the forthcoming Annual General Meeting the distribution of an extraordinary scrip dividend, payable on 11 December 2012. The extraordinary scrip dividend will consist of the delivery of treasury… Read more
LIKE-FOR-LIKE NET PROFIT GROWTH OF 17.6% TO 151.6 MILLION
Ebro posted a net profit on continuing operations of €151.6 million in 2011, up 17.6% on 2010. The net profit reported in 2010 is not comparable with that of 2011 as it included the proceeds from the sale of the dairy business. Net turnover rose 7% year on year to €1,804 million. The EBITDA or… Read more