Parmalat reported its FY results. Revenue was up 15.7% (+6% in Q4) on reported figures and +8.8% on constant scope of consolidation, constant FX and excluding hyperinflation in Venezuela. EBITDA rose +1.1% (-5.8% in Q4), +22.1% on an underlying basis excluding hyperinflation in Venezuela. The EBITDA margin was down 100bp (to 6.9%), impacted by hyperinflation in Venezuela. Net profit was down 28%. The proposed dividend is €0.017. For FY16, the company expects to deliver +5% in net sales a
11 Mar 2016
Boring FY outlook
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Boring FY outlook
- Published:
11 Mar 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Parmalat reported its FY results. Revenue was up 15.7% (+6% in Q4) on reported figures and +8.8% on constant scope of consolidation, constant FX and excluding hyperinflation in Venezuela. EBITDA rose +1.1% (-5.8% in Q4), +22.1% on an underlying basis excluding hyperinflation in Venezuela. The EBITDA margin was down 100bp (to 6.9%), impacted by hyperinflation in Venezuela. Net profit was down 28%. The proposed dividend is €0.017. For FY16, the company expects to deliver +5% in net sales a