Parmalat : The Board of Directors approves the guidance for 2017

Milan, February 6, 2017 - The Board of Directors of Parmalat S.p.A., meeting today under the chairmanship of Gabriella Chersicla, approved the guidance for 2017.

For the 2017 reporting year, at constant exchange rates and excluding the Venezuelan subsidiary - given the critical situation that developed in that country also due to the high rate of inflation and massive devaluation of the local currency - Parmalat expects net revenue and EBITDA to increase, respectively, by about 4% compared to the previous year.

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The guidance, as usual, considers further conservative elements, compared to the business plan, that without considering them will bring to a net revenue growth around 9% and EBITDA increase around 6% compared with the previous year.

Furthermore, Parmalat, based on the business plan, forecasts for 2018 a net revenue gain of 3.5% and an EBITDA increase of 7% compared with the previous year.

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This document contains forward looking statements. Projections for 2017 and 2018 are based, inter alia, on the Group's performance in the fourth quarter of 2016 and take into account trends at the beginning of 2017. The Group's performance is affected by exogenous variables that could have unforeseen consequences in terms of its results: these variables, which reflect the peculiarities of the different countries where the Group operates, are related to weather conditions and to economic, socio-political and regulatory factors.

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