Lactalis Italia Sees Profits Decline In 2016

By Branislav Pekic
Share this article
Lactalis Italia Sees Profits Decline In 2016

Dairy group Lactalis Italia has ended 2016 with a consolidated profit of €76.2 million, down from €109 million in the year before.

Revenues for the group,which controls the Galbani, Vallelata and Invernizzi brands, were €1.24 billion, down 4% year-on-year, mainly due to the "decline in revenues for the sale of dairy products, as a result of the decrease in the unit selling prices”.

A tax dispute involving its subsidiary Egidio Galbani was cited as a contributing factor to its decline in performance, according to La Republicca.

EBITDA was €159.8 million, down from €179.1 million in 2015, with EBIT at €129.5 million, down from €148.1 million in the previous year.

The Lactalis Italia group is controlled by France’s Besnier family, which owns the Lactalis group and in Italy, through Sofil, also Parmalat.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.