Italian meat processing and catering giant Cremonini has recorded a turnaround in profit, generating €500,000 (US$491,000) for the H1 2002 compared to a loss of €11.8m year on year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

According to a report in local newspaper Asca, the firm generated a 16.1% increase in consolidated turnover to €740m in the H1 2002.

Earnings before interest, tax, depreciation and amortisation (EBITDA) reached €46m for the first half of 2002, up from €34.1m year on year. Earnings before interest and tax (EBIT) meanwhile totalled €19.5m, nearly doubling the €10.4m recorded in the H1 of the previous year.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now