Brief: Ebro Foods Q1 Net Profit Down 21.4% At 41.5 Mln Euros YoY

Ebro Foods SA

27/04/2022 15:25

April 27 (Reuters) - Ebro Foods SA  EBRO.MC :
    * Q1 SALES 725.8 MILLION EUROS VERSUS 585.9 MILLION EUROS
YEAR AGO
    * Q1 NET PROFIT 41.5 MILLION EUROS VERSUS 52.8 MILLION EUROS
YEAR
AGO
    * Q1 EBITDA-A 87.0 MILLION EUROS VERSUS 78.3 MILLION EUROS
YEAR
AGO
    * NET DEBT 555.1 MILLION EUROS AT END-MARCH VERSUS 895.0
MILLION
EUROS YEAR AGO
    * ESTIMATES BASE INFLATION OF 174 MILLION EUROS AT START OF
YEAR,
BUT AT LATEST REVISION, HAVING ASSESSED IMPACTS OF WAR IN
UKRAINE, IT HAS NOW INCREASED ESTIMATES FOR 2022 BY FURTHER 60
MILLION EUROS
    * THIS ADDS TOTAL OF 234.4 MILLION EUROS TO INFLATION
ALREADY
CARRIED OVER FROM 2020 AND 2021
    * ESTIMATES THAT PREDICTED RECOVERY IN THE FOOD SERVICE
(HORECA)
CHANNEL WILL RESULT IN DECREASE IN SALES OF PRODUCTS FOR
DOMESTIC CONSUMPTION

Source text for Eikon:  ID:nCNM8Cqs2d 
Further company coverage:  EBRO.MC 

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