Parmalat grows sales 8.4%

Parmalat's sales in Colombia rose 8.4% in 2007 to total Peso$348.196bil whilst the dairy group's Ebitda rose from year 2006's Peso$32.39bil to Peso$42.995bil. Unit sales dipped 8.8% when compared with 2006 with pasteurised milk unit sales down 9.4% (they represent 79% of total Parmalat sales volume). Unit sales of UHT milk (7% of total sales) rose 2.7% and powdered milk unit sales (6% of the total) slipped by 11.4%.

Parmalat-Proleche Colombia is the third leading pasteurised milk player nationwide, topping the charts in Bogota and winning the silver medal in Medellin and Cali. The firm invested almost Peso$11bil locally last year; this year, it will invest in launching new products. Parmalat processes pasteurised milk at its plants in Bogota, Cali, Medellin, Barranquilla and Cerete and powdered milk in China, Medellin and Cerete.

Publication: SABI - Business News
Provider: South American Business Information
Date: March 16, 2008

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