Parmalat released its H1 update. Sales grew +2.3% organically and +1% on reported figures. The EBITDA margin was flat yoy, arriving at 5.7% in H1 (+40bp in Q2). By region and at constant FX and scope of consolidation, revenue was flat for Europe (-0.5% in H1) with a 30bp improvement in margins. In North America, sales were up +2.2%, whereas the margin expanded to 9.8% (+160bp). LatAm was up +13.5 on favourable comps (very weak results in H1 last year). In Africa, sales were up +4.7% but the E
01 Aug 2016
Q2 looks better than Q1
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q2 looks better than Q1
- Published:
01 Aug 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Parmalat released its H1 update. Sales grew +2.3% organically and +1% on reported figures. The EBITDA margin was flat yoy, arriving at 5.7% in H1 (+40bp in Q2). By region and at constant FX and scope of consolidation, revenue was flat for Europe (-0.5% in H1) with a 30bp improvement in margins. In North America, sales were up +2.2%, whereas the margin expanded to 9.8% (+160bp). LatAm was up +13.5 on favourable comps (very weak results in H1 last year). In Africa, sales were up +4.7% but the E