The results posted in the first nine months of the year confirm the positive development of our Group’s business. Our Divisions has achieved a solid performance throughout the period thanks to the success of the value-added categories of the Rice Division and the good performance of our fresh pasta business.
Regarding to the Rice Area, our brands remain strong, especially our high value products on a global level, Carolina® and Mahatma® in the United States and growth of the Tilda® brand in the United Kingdom, Australia and the Middle East.
On the other hand, in our Pasta businesses, Garofalo has achieved a global growth of 16% in premium pasta, while the global fresh pasta business maintains its satisfactory evolution, boosted by the Lustucru launchings in France and the good performance of Olivieri in Canada.
The full-year outlook forecasts an adjusted EBITDA of €402-407 million, a highly satisfactory result that confirms the success of the Ebro Group’s business focus and strategy.
