Parmalat S.p. A reported consolidated earnings results for the first half ended June 2018. For the period, the company reported net revenue was EUR 3,033.6 million against EUR 3,274.0 million a year ago. EBITDA was EUR 146.6 million against EUR 185.1 million a year ago. EBIT was EUR 38.4 million against EUR 87.9 million a year ago. Profit before taxes was EUR 64.5 million against EUR 90.1 million a year ago. Profit for the period attributable to owners of the parent was EUR 39.5 million against EUR 30.4 million a year ago. Diluted earnings per share were EUR 0.0213 compared to EUR 0.0164 a year ago. Cash flow used in operating activities for the period EUR 20.1 million against EUR 26.1 million a year ago.

For the full year of 2018, the company announced that unexpected, recent increases in the cost of raw milk and the significant stresses in the sales area engendered by necessary price adjustments implemented by producing companies justify projections of a contraction compared with the previous year, estimated at about -1% for net revenue and within a range of -3% to 0% for EBITDA.