Fiscal 2016 was an important year for Ebro Foods as the Madrid-based company said it spent time and money «investing in product launches and reinforcing our brands». Net profit in the year ended December 31, 2016, was € 169,724,000, up 17% from € 144,846,000 in fiscal 2015. Sales slipped to € 2,459,246,000 from € 2,461,916,000.
Ebro described 2016 as a «highly productive year» for launches, with the company debuting more than 82 new products. «We leveraged our brands to tap into new grains (quinoa, chia, etc.) and pulses, and we continue to develop new products with a view to combining healthy eating and convenience », the company said.