Insolvent Italian food group Parmalat has reported a 16% rise in core profit for the eight months to 31 August, but its debt also rose.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The company said earnings before interest, tax, depreciation and amortisation (EBITDA) rose to €152.7m (US$189.4m) from €116.2m a year earlier. However, total debt rose from €13.66bn on 31 December 2003 to €14.04bn at the end of August.


The company said the increase in core earnings was due to “commercial actions” and lower operating and structural costs, reported Reuters.


Revenues fell to €2.78bn compared to €2.97bn a year earlier.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now