Results of the third quarter of 2023

The consolidated results for the third quarter confirm the extraordinary performance of the Group’s businesses in 2023.

The ramp-up of our latest investments, the recovery in the profitability of our pasta businesses in all its markets, the increase in advertising investment to continue building customer loyalty among consumers who continue to opt for the differentiation of our brands, geographic diversification and a more moderate inflationary context in various fields are some of the factors that are driving the Group’s good performance during the year.

The geographic diversification strategy means that more than 94% of EBITDA-A comes from international markets and only 5.4% from Spain.

The year-end prospects once again attest to the success of the Ebro Group’s strategy of investments, divestments, diversification of sources and business focus. Barely four years after deciding to disinvest from the dry pasta businesses in France and North America, the Group expects to achieve EBITDA-A of between €372-378 million, well above the figure obtained in 2019 (€342.7 million) when we still had those businesses within the Group. A figure that becomes even more relevant if we take into account that debt has been reduced by €452 million compared to the first nine months of 2019, after a significant investment effort in CAPEX and the distribution of more than €737 million in dividends to our shareholders.

Today we can say that we are a stronger, more solid Group, with greater value and profitability.

Find out more about our results in the infographic below!

Ebro, results of the third quarter of 2023