First quarter 2005 results<\/u><\/b><\/p>\n
Madrid, 28 April 2005<\/b>. Ebro Puleva, the leading Spanish group in the food sector,
\nposted a net profit of 28.3 million euro in the first quarter of 2005, representing a year-
\non-year growth of 11.3%. Net turnover totalled 477.7 million euro, up 16%.<\/p>\n
There was also significant growth in the operating figures. To be more specific,
\nEBITDA, or the gross operating profit, grew by 17.4% to 60 million euro, while EBIT,
\nor the net operating profit, rose 11.4% to 46.5 million euro. The operating revenues
\ngrew by 8% to 49.2 million euro.<\/p>\n
The development of the consolidated results of Ebro Puleva was very positive during
\nthe first quarter of 2005, and is expected to be even more so in the next quarter, among
\nother factors thanks to the incorporation of Panzani (the purchase of this firm was
\nconcluded on 25 April).<\/p>\n
Results by business lines<\/u><\/b><\/p>\n
The investments and growth in the different divisions of Ebro Puleva are bearing fruit,
\nproducing an generally steady growth in the overall results of the Group, despite the
\ninstability existing in certain sectors this quarter, for example in the sugar business.
\n
\nThe results of the sugar division have been marked by a peculiar factor affecting the
\nentire European industry: excess sugar supply in Europe due to the stocks of the
\ncountries that reecntly joined the EU. This has caused a 9.8% drop in sales. <\/p>\n
The development of the rice division is still highly satisfactory, with growth in sales
\n(+75.6%) and yield (EBITDA +98%), both on constant terms and including
\nacquisitions, especially Riviana.<\/p>\n
Growth of the dairy division has been boosted by the stabilisation of the price of the raw
\nmaterial, advertising efforts and new products. Sales rose by 5.1% and EBITDA by
\n9.6%.<\/p>\n
Ebro Puleva (www.ebropuleva.com) is the leading Group in the Spanish food sector in
\nterms of turnover, profits, market capitalisation and international presence. Ebro Puleva
\nis world leader in the rice sector, the leading sugar group in Spain, leader in the
\nmarketing of dairy products in Spain and the second group in Europe in the pasta sector.
\nIt has leading brand names in each of these sectors, including: Puleva®, Ram®,
\nLeyma® and El Castillo® in the dairy sector; Azucarera® and Sucran® in the sugar
\nsectorcar; Brillante®, Nomen®, La Cigala®, La Fallera®, Oryza®, Bosto®, Reis-Fit®,
\nRiceland®, Danrice®, Risella®, Mahatma®, Sucess®, Carolina®, Lustucru® and
\nTaureau Ailé® in the rice sector; Pozuelo®, Kern® and Ducal® in biscuits, sauces and
\nfruit juices in Central America; and Panzani® in pasta.<\/p>\n
Note to Editors<\/b>: The financial information included by the Ebro Puleva Group in this
\nrelease is structured in accordance with International Accounting Standards (IAS).<\/p>\n","protected":false},"excerpt":{"rendered":"
\u00b7 The net turnover totalled 477.7 million euro, up 16%<\/p>\n
\u00b7 Ebitda grew by 17.4% (60 million euro) and Ebit by 11.4% (46.5 million euro)<\/p>\n
\u00b7 Operating profit rose 8% to 49.2 million euro<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[19],"tags":[],"class_list":["post-1403","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/posts\/1403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/comments?post=1403"}],"version-history":[{"count":0,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/posts\/1403\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/media?parent=1403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/categories?post=1403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ebrofoods.es\/en\/wp-json\/wp\/v2\/tags?post=1403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}