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

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.

Italy becomes world's leading salami exporter
15/06/2017 - 10:04
Italy has become the leading global exporter of salami, surpassing Germany, according to a report by ISMEA - the Italian institute for agricultural and food market services.

Italy set for highest growth among wine producing countries
20/04/2017 - 14:58
The global wine market is set to see production increase by 2.4% growth in production and consumption increase by 4.3% between now and the end of the decade, according to Ismea’s Wine Outlook 2020 report.

Clover reports pedestrian growth as operating costs soar
13/09/2016 - 09:36
CLOVER Industries on Tuesday reported single-digit growth in full-year net profit as the dairy products and beverages group battled higher operating costs.

Dairy law set new fat levels for SA products
30/03/2016 - 08:53
Low fat dairy products in South Africa — including yoghurt, milk, and cheese — will now be classified as medium fat products, in line with new regulations set to take effect in the next few weeks.