Ebro Foods SA
MAD:EBRO

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Ebro Foods SA Logo
Ebro Foods SA
MAD:EBRO
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Price: 18.04 EUR 0.33% Market Closed
Market Cap: 2.8B EUR

Ebro Foods SA
Investor Relations

Ebro Foods SA, a Spanish multinational with a storied history, stands as a significant player in the global food sector. The company's journey began with a focus on sugar production, but strategic diversification and a keen eye on shifting market demands steered its evolution toward becoming the world's leading rice and the second-largest pasta company. At its core, Ebro Foods thrives by targeting staple food products that remain consistently in demand worldwide. The company operates through a range of trusted brands like Riviana, Tilda, and Garofalo, which hold strong footholds in different regions, thus allowing Ebro Foods to garner a diversified revenue stream across international markets.

Ebro Foods' business model hinges on its extensive value chain, encompassing everything from sourcing raw materials to producing and marketing finished food products. This comprehensive approach ensures quality control across the board, enabling the company to enhance its competitive edge through innovation and efficiency. Ebro Foods invests considerably in R&D, driving product diversification that meets evolving consumer tastes, including organic and gluten-free alternatives. Its robust logistics network ensures a seamless flow of products to retail and institutional customers, amplified by savvy marketing strategies that nurture brand loyalty. Through this multifaceted operation, Ebro Foods generates profit by selling essential everyday products—a model that ensures stability and resilience amid economic fluctuations.

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Last Earnings Call
Fiscal Period
Q3 2019
Call Date
Oct 31, 2019
AI Summary
Q3 2019

Sales Growth: Group sales increased 7.2% year-on-year to EUR 2,035.2 million in the first nine months, with strong performance in rice and pasta divisions.

Profitability: EBITDA grew 13% to EUR 236 million for the first nine months, and net profit increased by 15.1% to EUR 114.7 million.

Tilda Acquisition: Acquired basmati brand Tilda for $342 million, consolidating leadership in the premium segment and expanding presence in key markets.

Guidance Raised: Year-end sales forecast raised to EUR 2,784.6 million, with targeted EBITDA growth of 11% to EUR 340.6 million and net profit expected to rise 12.4% to EUR 159 million.

Operational Improvements: U.S. plant issues have been addressed with organizational changes, leading to improved productivity, though not yet at 2017 all-time highs.

Debt Levels: Net debt increased due to acquisitions, but management is comfortable with the near 3x net debt-to-EBITDA ratio, citing low-interest rates.

Key Financials
Revenue
EUR 2,035.2 million
Rice Division Sales
EUR 1,134.5 million
Pasta Division Sales
EUR 948.8 million
EBITDA
EUR 236 million
Rice Division EBITDA
EUR 140 million
Pasta Division EBITDA
EUR 107.1 million
Net Profit
EUR 114.7 million
Operating Profit
EUR 150.5 million
Advertising Investment
EUR 69.4 million
Net Debt
EUR 1,041 million
Equity
EUR 2,257 million
CapEx
EUR 107 million (first 9 months)
Tilda Acquisition Price
$342 million
Alimentación Santé Sale
EUR 58 million
Capital Gain on Santé Sale
EUR 17.2 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Antonio Hernandez Callejas
Chairman of the Board & CEO
No Bio Available
Mr. Felix Hernandez Callejas
Executive Director
No Bio Available
Mr. Alfonso Fuertes Barro
Finance Manager
No Bio Available
Mr. Pablo Albendea Solis
Chief Operating Officer
No Bio Available
Mr. Manuel Gonzalez De Luna
Manager of Investor Relations & Financial Institutions
No Bio Available
Ms. Ana Maria Antequera Pardo
Manager of Communications & CSR
No Bio Available
Mr. Luis Pena Pazos
Secretary
No Bio Available

Contacts

Address
MADRID
Madrid
Paseo de la Castellana numero 20, 2 planta
Contacts
+34917245250.0
www.ebrofoods.es