DEOLEO S.A. ( (ES:OLE) ) has shared an announcement.
Deoleo reported a 19% increase in sales, reaching €996 million, and a 10.4% rise in EBITDA to €33 million, despite challenges such as raw material scarcity and market volatility. The company has provisioned for litigation involving its Italian subsidiary, Carapelli Firenze, resulting in a negative net result. Deoleo is entering a new phase with a focus on strengthening its strategy under the leadership of new CEO Cristóbal Valdés, supported by positive harvest forecasts and a refinancing agreement ensuring financial stability for the next four years.
More about DEOLEO S.A.
Deoleo is the world’s leading olive oil company, operating in over 70 countries across five continents. It has production facilities in Spain and Italy and commercial offices in 11 countries. The company owns prominent global brands such as Bertolli, Carapelli, and Sasso, along with Spanish brands like Carbonell, Hojiblanca, and Koipe.
YTD Price Performance: 4.21%
Average Trading Volume: 1,432
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €99M
See more insights into OLE stock on TipRanks’ Stock Analysis page.