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Parmalat net profit falls to €48.5m
The group reports higher first-quarter net revenues and Ebitda, and confirms its full-year targets.
Highlights
- 2010 targets are confirmed.
- Net revenues increased (+ 5.5%).
- Industrial profitability improved (Ebitda up 8.6%).
- Positive performances in Australia and Canada.
- Net financial assets of €1,362m, substantially in line with 31 December 2009 (€1,385m).
- 2010 net profit is completely constituted by results deriving from industrial activities (in 2009, the industrial activities contributed for €27m).
Source: Parmalat
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