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Parmalat shares soar more than 4% on the stock exchange

Piazza Affari rewards the good results of the Colecchio group which passed to the French Lactalis last year – For 2012 Parmalat expects solid growth especially in South America.

Parmalat shares soar more than 4% on the stock exchange

The French have done well to Parmalat. After passing into the hands of Lactalis, the Parma-based milk company closed 2011 with revenues of 4,49 billion and an Ebitda of 374,1 million. And this morning, the stock marked the best performance among the blue chips of Piazza Affari: +4,17% at 1,8 euro per share. 

For 2012, the Parmalat group expects an increase in turnover of between 3 and 5% and an EBITDA growth of 2-3%. In the world, the geographic area that saw the greatest growth was South America, thanks to the results of the Venezuelan subsidiary. The Milanese price list also appreciated the proposal of the board of directors for one total dividend of 0,1 euro per share.

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