Advertise with fastmoving.co.za
 
 

Italian dairy and food manufacturer Parmalat has reported that the group's sales volumes decreased by 4.6% in the first six months of 2017.
Italian dairy and food manufacturer Parmalat has reported that the group's sales volumes decreased by 4.6% in the first six months of 2017.

Parmalat reports 4.6% decrease in sales volumes

FMCG SUPPLIER NEWS

ESM.com - Jul 31st, 12:42

Italian dairy and food manufacturer Parmalat has reported that the group's sales volumes decreased by 4.6% in the first six months of 2017. 

The group attributes this decline to an increase in milk prices, strong competitive pressure, and poor performance in the Latin America market.

Parmalat's net revenue totalled €3,274 million, which represents an increase of 9.5% compared to the same period in 2016, with positive contributions by all regions, with the exception of Oceania and Latin America.

CEO Resignation

Meanwhile, the company's CEO and general manager, Yvon Guérin, announced his resignation, effective from 12 September 2017 following the approval of the group's first half results.

The board of directors is now recommending the appointment of Jean Marc Bernier, current managing director of Lactalis Italia Group, as Parmalat's new CEO.
©2017 European Supermarket Magazine 

Read more about: parmalat | italy | dairy

Related News

Online shopping in Italy continues to rise
03/10/2017 - 14:51
The number of Italians visiting online consumer goods sites to purchase food, home and personal care products, has grown by 6% to over 2 million in June 2017.

Italian fruit & vegetable exports worth €2.3 billion
28/09/2017 - 11:08
Italian fruit and vegetable exports in the first half of 2017 reached two million tonnes, and were worth €2.3 billion, according to the Italian fruit growers association Frutimprese.

Some positives in tough year for Clover
13/09/2017 - 13:19
Clover Industries was savaged on all fronts in the year to June. Prolonged drought was followed by a wetter, cooler summer, which affected beverage sales. At the same time, rand volatility was compounded by SA’s ugly political environment.

Prolonged drought and volatile rand squeeze Clover
12/09/2017 - 17:18
Dairy and foods group Clover reported a dismal set of results, as expected after last week’s trading update, with sharp drops in profit at almost all levels.

Italian organic wine exports increase 40% in 2016
20/07/2017 - 11:08
Italian organic wine exports increased by 40% in 2016 compared to the previous year, reaching a market value of €192 million.