Viscofan slumps after worse than expected Q1 EBITDA growth

** Shares of Viscofan VIS fall 5.5%, on track for their worst day in five years, after its first quarter core profit growth came below expectations

** The Spanish meat packaging maker reported a Q1 EBITDA of 68.8 million euros, up 11.4% vs last year, while its EBITDA margin stood at 22.4%

** Sabadell broker says Viscofan's EBITDA growth of 11.4% came below a growth of 18.7% expected in consensus, as the EBITDA margin of 22.4% was also below a consensus forecast of 23.7%

** Shares of Viscofan underperforming the STOXX index SXXP, which rises 0.2%