A strong kick-off this year

We have closed an outstanding quarter, in which we outstripped the already extraordinary earnings posted in the first three months of 2023. This milestone confirms the success of our growth lines and the excellent evolution of our two divisions and their respective brands.

With a CAPEX forecast exceeding €177.5 million for this 2024, our strategic investment projects in fresh pasta in France, and cups in North America and Spain, will be concluded throughout this year.

Regarding our core businesses, within the Rice Division, owed to the rainfall in March, a new industrial prospect has opened, forecasting a recovery in rice harvests in the south of Spain. Additional highlights include the Group’s good performance in the Middle East, with the Tilda and Abu Bint brands leading the way, as to a solid entry into other African countries, such as Ghana. In the Pasta Division, we stress the good performance of the fresh pasta business in both France and Canada, and the significant growth of Garofalo in our main markets.

2024Q1 results