Last €2.43 EUR
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As of 11:30 AM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

parmalat spa (PLT) Snapshot

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03/10/14 - €2.58
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parmalat spa (PLT) Details

Parmalat SpA, together with its subsidiaries, produces and distributes milk, dairy products, and fruit beverages. The company operates in three segments: Milk, Dairy Products, and Fruit Beverages. The Milk segment offers UHT, pasteurized, condensed, powdered, and flavored milk products, as well as cream and béchamel. The Dairy Products segment provides yogurt, fermented milk, desserts, cheese, and butter. The Fruit Beverages segment offers fruit juices, nectars, and tea. The company also offers pasteurized and UHT cream, probiotics, margarine, ice cream ingredients, soy drinks, and other products. The company sells its products primarily under the Parmalat, Santàl, Zymil, Fibresse, PhisiCAL, Omega3, and Vaalia brand names. It operates in Europe, North America, Latin America, Africa, and Australia. The company was founded in 1961 and is headquartered in Collecchio, Italy. Parmalat SpA is a subsidiary of Société pour le Financement de l'Industrie Laitière SAS.

16,525 Employees
Last Reported Date: 08/1/14
Founded in 1961

parmalat spa (PLT) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: €975.0K
Chief Operating Officer
Total Annual Compensation: €1.2M
Compensation as of Fiscal Year 2013.

parmalat spa (PLT) Key Developments

Citibank NA Wins Case Against Parmalat

An Italian court sustained a U.S. court judgment that Parmalat to pay Citibank NA $431 million in connection with the company's 2003 bankruptcy. A U.S. jury in October 2008 ruled in favor of Citigroup Inc. after finding that Parmalat defrauded the bank. Parmalat was seeking up to $2.2 billion in damages from the bank. Citigroup argued that it was a victim of Parmalat's fraud and countersued.

Parmalat SpA Reports Group and Company Earnings Results for the First Half Ended June 30, 2014; Confirms Financial Guidance for the Full Year of 2014

Parmalat SpA reported group and company earnings results for the first half ended June 30, 2014. For the period, the group reported revenue of EUR 2,635.3 million, EBITDA of EUR 194.2 million, EBIT of EUR 132.7 million, Profit before tax of EUR 132.7 million against revenue of EUR 2,619.2 million, EBITDA of EUR 184.4 million, EBIT of EUR 128.0 million, Profit before tax of EUR 145.1 million for the same period a year ago. Net profit attributable to owners of the parent was EUR 88.9 million or EUR 0.0482 per diluted share against EUR 105.4 million or EUR 0.0591 per diluted share for the same period a year ago. Cash used in operating activities was EUR 107.4 million against EUR 131.5 million for the same period a year ago. The company had free cash flow generation for EUR 45 million, and this number is compared with EUR 64.5 million of the previous year. For the first half, the company reported revenue of EUR 447.0 million, EBITDA of EUR 29.6 million, EBIT of EUR 25.6 million, Profit before tax of EUR 60.7 million against revenue of EUR 407.0 million, EBITDA of EUR 25.6 million, EBIT of EUR 6.3 million, Profit before tax of EUR 60.7 million for the same period a year ago. Net profit was EUR 47.6 million against EUR 53.3 million for the same period a year ago. The company is confirming the 3% growth at constant exchange rate and constant parameter of 3% for net sales and 3% for EBITDA.

Parmalat SpA, H1 2014 Earnings Call, Aug 01, 2014

Parmalat SpA, H1 2014 Earnings Call, Aug 01, 2014


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