Parmalat S.p.A Reports Consolidated Earnings Results for the First Half Ended June 2018; Provides Earnings Guidance for the Full Year of 2018
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.