A “sharp increase” in cost of raw milk and the negative impact of currency exchange weighed on first-quarter earnings at Italian dairy giant Parmalat.

In the three months to 31 March, the company, majority-owned by France’s Lactalis, said EBITDA fell 19.4% and net profit sank 14.4%.

Go deeper with GlobalData

Go deeper with GlobalData

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

Sales at the group were down 3.2% but, “at constant scope of consolidation” and exchange rates, increased 7.8% in the period.

The company reaffirmed its full-year outlook. “At constant exchange rates and scope of consolidation and excluding the effect of hyperinflation, the previously announced growth rate estimates for net revenues (3%) and EBITDA (3%) are confirmed,” it said.

Click here to view the financial release. 

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 - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact