Parmalat S.p.A. Announces Consolidated and Parent Company Earnings Results for the Year Ended December 31, 2017; Provides Earnings Guidance for 2018
For the year, on company basis, reported profit of EUR 27.0 million compared to EUR 56.9 million a year ago. Revenue was EUR 927.9 million compared to EUR 883.7 million a year ago. EBITDA was EUR 68.0 million compared to EUR 71.0 million a year ago. Profit for the year was EUR 27.0 million compared to EUR 56.9 million a year ago. EBIT was EUR 18.8 million compared to EUR 54.7 million a year ago. Profit before taxes was EUR 36.3 million compared to EUR 72.6 million a year ago. Cash flow from operating activities for the year was EUR 65.2 million compared to EUR 40.3 million a year ago.
The company is confident it will have a better performance in this financial year at constant exchange rate without including associate in Venezuela. Parmalat [ reckons ] with growth of last year of net sales by 1.5% and gross operating within a range of growth between 3% and 5% approximately for 2018. So the company is quite positive when looking at 2018.