Brief: Ebro Foods Q1 Net Profit Up 30% YoY, Says Maintains 2020 Dividend

Ebro Foods SA

29/04/2020 15:12

April 29 (Reuters) - Ebro Foods SA  EBRO.MC :
    * Q1 NET PROFIT 47.9 MILLION EUROS VERSUS 36.9 MILLION EUROS
YEAR
AGO
    * Q1 EBITDA 106.5 MILLION EUROS VERSUS 84.3 MILLION EUROS
YEAR AGO
    * Q1 SALES 845.3 MILLION EUROS VERSUS 690.2 MILLION EUROS
YEAR AGO
    * SAYS DOES NOT PLAN TO CARRY OUT TEMPORARY LAYOFFS
    * SAYS WILL ACCELERATE INVESTMENTS IN CAPEX TO CONTRIBUTE TO
RECOVERY OF ECONOMY, MAINTAINS DIVIDEND DISTRIBUTION AGREED LAST
DECEMBER
    * SAYS COVID-19 HAS HAD A POSITIVE IMPACT ON SALES FOR THE
MONTH
OF MARCH, DUE TO STRONG DEMAND FOR OUR PRODUCTS IN INITIAL PHASE
OF CONFINEMENT


Source text for Eikon:  ID:nCNM637hC6 
Further company coverage:  EBRO.MC 

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