JBS Q3 Profit Plunges 71.7% to $164M; Leverage Rises to 3.54x
Published 1 d ago3 sourcesEvidence: Reported
Europastry reported a 4% decline in net profit to €67 million for the year, even as sales increased, reflecting margin pressure from expansion costs. The company invested nearly €61 million in acquisitions across Thailand, Portugal, and the Netherlands, signaling continued geographic diversification. The profit miss against sales growth suggests cost headwinds, but the M&A activity points to strategic expansion.
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