The consolidated earnings obtained by the Group in the first quarter of this year were dented, among other factors, by the hike in commodity prices in the rice division. This placed a substantial burden on the performance of the North American rice business owing to the time lag in passing on prices. Against this backdrop,… Read more
Promoting biodiversity benefits sustainable rice production
• IRTA researchers, with collaboration from Kellogg and Ebro Foods, study different measures to increase biodiversity, for the benefit of rice production and sustainability in the Ebro Delta • The most effective measures for boosting biodiversity are the planting of yellow iris in the drainage channel and installing bat boxes to improve natural pest control… Read more
Net profit rises 30% to €220.6 million
Ebro chalked up a net profit of €220.6 million in 2017, a year-on-year growth of 30%. This was mainly due to the positive impact of the tax reform recently passed in the USA, thanks to which our net deferred taxes have been adjusted to a lower rate, from 35% to 21%. The net turnover, pushed… Read more
Ebro takes 70% stake in Bertagni 1882, s.p.A.
Following its strategy to become a worldwide reference in premium food, Ebro Foods, S.A. (www.ebrofoods.es), through its 100% subsidiary Panzani, S.A.S. (http://www.groupe-panzani.fr/), and Pastificio Lucio Garofalo SpA (http://www.pastagarofalo.it) (52% subsidiary of Ebro Foods and 48% Italian family company) has reached a binding agreement for the purchase of a majority shareholding (70%) in the Italian company… Read more
Net profit rises to €128 million
Ebro posted a net profit of €128 million for the first nine months of 2017, up 0.5% year on year. Its EBITDA, or gross operating income, totalled €261 million, 4.3% more than in the equivalent period of 2016, while the EBIT rose 4.6% to €202.7 million. Net turnover grew by 0.6% to €1,831.2 million in… Read more
Innovative study on methane emissions from spanish paddy fields
• IRTA researchers, with collaboration from Kellogg and Ebro Foods, analyse how to reduce greenhouse gases in the Ebro Delta • Intermittent irrigation and selecting the best time to incorporate rice straw in the paddies can reduce methane emissions Few studies have been made in Spain of the greenhouse gas (GHG) emissions from paddy fields… Read more
Ebro Foods buys 52% stake in the italian company Geovita
Ebro Foods (www.ebrofoods.es) has executed the acquisition of the 52% of the Italian companies Geovita Functional Ingredients, S.r.l. and its subsidiary Geovita Nutrition, S.r.l. (together, “Geovita”). Geovita is a leading player in the production and sale of legumes, rice, fast-cooking grains and other healthy ingredients. It has achieved considerable market differentiation through the highly innovative… Read more
Net profit up 5.2% to €92 million
Ebro chalked up a net profit of €92 million for the first six months of 2017, 5.2% more than in the same period of 2016, underpinned by the positive performance of its core businesses, which grew in volume and market shares in the highest value categories. The net turnover grew 2.6% year on year to… Read more
Net profit rises 19.1% to 51.6 million
Ebro posted a net profit of €51.6 million during the first three months of 2017, up 19.1% year on year, boosted by the positive evolution of its core businesses and the extraordinary income generated on the sale of land in Houston. With a year-on-year growth of 3.4%, its net turnover rose to €634.2 million. The… Read more
Net profit up 17.2% to 169.7 million
Ebro posted a net profit of €169.7 million in 2016, a year-on-year growth of 17.2%. The net turnover, checked by the slight fall in the price of raw materials, has remained more or less on a par with last year, at €2,459.2 million. Its EBITDA, after raising investment in advertising by 15.4%, stood at €344.1… Read more