Italian food group Parmalat has reported lower first-half pre-tax profit due to foreign exchange effects and a €44m (US$49.1m) charge related to restructuring and capital losses.

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


Parmalat posted first-half pre-tax profit of €120m, compared to €191m a year earlier.


Currency effects pushed first-half sales down to €3.4bn from €3.9bn a year earlier despite an increase in sales volumes.


Operating profit was €270m, compared to €297m a year earlier, reported AFX News.


The company said it was unable to forecast second-half sales and profits due to the continued impact of foreign exchange rates.

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