Parmalat S.p.A. reported earnings results for the nine months ended September 30, 2017. For the period, the company reported revenues of EUR 4,883.3 million against EUR 4,632.1 million a year ago. EBITDA, excluding hyperinflation, totaled EUR 325.4 million, down EUR 11.5 million (3.4%) compared to the first nine months of 2016. At constant exchange rates and scope of consolidation and without Venezuela, EBITDA decreased of 5.8% compared to the previous year.

The company provided earnings guidance for the year 2017. For the year 2017, at constant exchange rates and scope of consolidation and excluding Venezuela, net revenue growth within 1% is confirmed; negative year-over-year change for EBITDA in a range between 3% and 5%.