Parmalat S.p. A reported consolidated earnings results for the first half ended June 2017. For the period, the company reported net revenue was EUR 3,274.0 million against EUR 2,999.1 million a year ago. EBITDA was EUR 185.1 million against EUR 171.6 million a year ago. EBIT was EUR 87.9 million against EUR 83.8 million a year ago. Profit before taxes was EUR 90.1 million against EUR 82.9 million a year ago. Profit for the period attributable to owners of the parent was EUR 30.4 million against EUR 44.9 million a year ago. Diluted earnings per share were EUR 0.0164. Cash flow used in operating activities for the period EUR 26.1 million against EUR 31.7 million a year ago.

For the full year of 2017, the company announced that at constant exchange rate and scope of condition and excluding the impact of Venezuela, the evolution of net revenue and EBITDA, while still positive, is expected to be limited to about 1%.