Driven by the extraordinary performance of high value-added products, Group net turnover in the first half of the year reached €1,379.7 million. While the comparison with the first six months of 2020 continues to be distorted by last year’s compulsive buying, in CAGR 2021/2019 the turnover rose by 6.4%, showing the strength and leadership of our brands in this new competitive environment.
Net Profit is up 4.3% to €107 million, EBITDA-A was €177.2 million, down 6%, and the Ebitda-A margin increased by 10 basis points to 12.8%, in spite of the increased costs recorded in the first half of the year.
By business area, both the rice and pasta divisions have had to face high cost inflation in raw materials, logistics and energy, among others. In this complex environment, diversification in origins, the increase in working capital and the focus on convenience products, with double-digit growth, have been our main strengths to face this situation with solvency.
These results confirm the leadership of our brands and the success of our strategic focus on the premium, fresh and convenience businesses.