Ebro Puleva: optimistic about its prospects

Madrid / ES. (epg) The Spanish Ebro Puleva Group posted a turnover of 2’165 million EUR in the first nine months of 2008, 10,8 percent more than in the same period of 2007. Its net profit was 92,7 million EUR, up 60 percent year on year. Highlights. EBITDA was 216,3 million EUR and EBIT 148,9 million EUR. With the launching of new products, investment in advertising has been raised 2,7 percent year on year to 66,7 million EUR. The contribution of the Meal Solutions businesses grew by more than 20 percent in the first nine months. For the full year, Ebro Puleva expects turnover to rise more than ten percent and a growth of more than 50 percent in Net Profit, to over 136 million EUR. At year end, the contribution by the Meal Solutions segment to the consolidated results of the Group is likely to have increased by 23 percent, which would be 25,9 percent at constant exchange rates. The company has not felt the adverse effects of the local crisis owing to the Group´s extensive international presence and an adequate business diversification.
Info: «September net profit up 60% to 92,7 million EUR» (press release).