Ebro Foods Registers 46.6% Growth In First Half Of 2016
Spain's Ebro Foods has closed the first semester of 2016 with a net sales increase of €87.6 million, which represents a growth of 46.6 per cent compared to the same period the previous year.
As reported by financialfood.es, this positive evolution comes both from Ebro Foods' core business and the extraordinary income achieved after the sale of its rice business in Puerto Rico and a real estate property in Madrid.
Ebro Foods' EBITDA reached €164.4 million, an increase of 16.4 per cent compared to the same period in 2015.
The company's net debt was reduced by 9.5 per cent compared to 2015, and now stands at €461.9 million.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Gabriela Guédez. To subscribe to ESM: The European Supermarket Magazine, click here.