Parmalat has confirmed its full-year growth targets after booking an increase in first-half profits.

The Italian dairy group, in which Lactalis owns a majority stake, recorded earnings of EUR82.5m (US$101.6m) in the six months to end of June, a 7.8% increase on the prior-year period.

The company attributed the increase to “industrial operations improvement, lower impact of non-recurrent income and higher financial income earned on invested liquid assets accounts”.

EBITDA climbed 9.4% to EUR163.3m. Sales grew 6.1% to reach EUR2.28bn.

“For 2012, at constant exchange rates, the growth estimate of 3% announced earlier both for net revenues and EBITDA is confirmed,” the company said.

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