Ebro Foods, through its United States subsidiary Riviana Foods Inc., has acquired the US consumer rice business division of RiceTec AG and RiceTec, Inc. which manufactures and markets products under the brand RiceSelect®. The transaction, valued at USD 45 million, includes the brand and certain other assets of the business, including a production plant in… Read more
Category: News
Net turnover up 19.4% to €597 million
The Group’s turnover grew by 19.4% year on year, mainly thanks to the good performance of the rice division, the contribution by Garofalo and the foreign exchange effect, rising to €597 million. Ebro posted an EBITDA, or gross operating profit, of €69.7 million, up 2% year on year, while its net profit was down 22%… Read more
Net earnings up 14.2% to €151.6 million
Ebro closed 2014 with a net profit of €151.6 million, up 14.2% on 2013, while the net profit on continuing operations rose 11% to €157 million. Its net turnover totalled €2,121 million, with a year-on-year growth of 8.4%. The EBITDA rose 2% year on year to €287.2 million, with an EBIT (net operating profit) of… Read more
Net profit up to €105.6 million
Ebro obtained a net profit of €105.6 million in the first nine months of 2014, up 6.1% year on year, while net profit on continuing operations rose 9.2% to €109.6 million. Net turnover totalled €1,520.6 million, up 4.4% on the same period of last year. The group EBITDA rose to €197.2 million, 2% more than… Read more
Net profit rises to €72.5 million
Ebro posted a net profit of €72.5 million in the first half of 2014, up 2.1% year on year, while the net profit from continuing operations rose 5.8% to €75.5 million. Net turnover rose to €986,568 million, a year-on-year growth of 1.3%. The EBITDA stood at €131 million, similar to that recorded in the first… Read more
Ebro buys 52% of Italian company Pastificio Lucio Garofalo, S.p.A
Ebro Foods has today completed the purchase of a majority shareholding (52%) in the Italian company Pastificio Lucio Garofalo, S.p.A. for a sum amounting to € 62.5 million. This Italian company owns the brands Garofalo, Santa Lucia and Russo de Cicciano, inter alia, with a major position in the dry pasta premium segment in Italy… Read more
Ebro buys 52% of italian company Pastificio Lucio Garofalo, S.p.A.
Madrid, 4 June 2014. Ebro Foods has reached a binding agreement for the purchase of a majority shareholding (52%) in the Italian company Pastificio Lucio Garofalo, S.p.A. for a sum amounting to € 62.5 million. This Italian company owns the brands Garofalo, Santa Lucia and Russo de Cicciano, inter alia, with a major position in… Read more
Net profit up 18% to €38.8 million
Ebro posted a net profit of €38.8 million for the first quarter of 2014, representing a year-on-year growth of 18%. Its net turnover rose 2.6% year on year to €500 million. The company’s EBITDA (gross operating profit) grew to €68.3 million, 7.5% up on the first quarter of 2013, and its EBIT rose 7.8% year… Read more
Net turnover of €1,957 million
Ebro posted a net turnover of €1,957 million in 2013, just 1.2% less than in 2012, as a result of lower procurement costs and the sale of the Nomen brand. With the exclusion of Nomen, the exchange rate effect and an 8.5% increase in investment in advertising, which totalled €72 million in 2013, EBITDA stood… Read more
Ebro Foods reaches agreement with Newlat Group to sell its german pasta business
Ebro Foods, S.A. (www.ebrofoods.es) and Newlat Group, S.A. have reached an agreement for the sale of Ebro’s pasta business in Germany, where it operates under the brands Birkel® and 3Glocken®. The agreement will foreseeably come to fruition at the end of 2013 with the transfer of all the assets corresponding to that business: the aforesaid… Read more
