Last €2.48 EUR
Change Today +0.02 / 0.81%
Volume 301.9K
As of 10:56 AM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

parmalat spa (PLT) Snapshot

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03/10/14 - €2.58
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10/16/14 - €2.34
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parmalat spa (PLT) Details

Parmalat SpA, together with its subsidiaries, produces and distributes milk, dairy products, and fruit beverages. The company operates in three segments: Milk, Dairy Products, and Fruit Beverages. The Milk segment offers UHT, pasteurized, condensed, powdered, and flavored milk products, as well as cream and béchamel. The Dairy Products segment provides yogurt, fermented milk, desserts, cheese, and butter. The Fruit Beverages segment offers fruit juices, nectars, and tea. The company also offers pasteurized and UHT cream, probiotics, margarine, ice cream ingredients, soy drinks, and other products. The company sells its products primarily under the Parmalat, Santàl, Zymil, Fibresse, PhisiCAL, Omega3, and Vaalia brand names. It operates in Europe, North America, Latin America, Africa, and Australia. The company was founded in 1961 and is headquartered in Collecchio, Italy. Parmalat SpA operates as a subsidiary of Société pour le Financement de l'Industrie Laitière SAS.

16,508 Employees
Last Reported Date: 11/8/14
Founded in 1961

parmalat spa (PLT) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: €975.0K
Compensation as of Fiscal Year 2013.

parmalat spa (PLT) Key Developments

Parmalat to Shut Down Cheese Manufacturing Plant in Canada

Parmalat is planning to halt operations at its plant in Marieville, Canada, a move that will cut 92 jobs. This is in line with the company's strategy to consolidate its cheese manufacturing operations to meet changing market requirements. The cheese manufacturing operations from Marieville plant will be moved to the company's other facility in Victoriaville, Quebec. A new production line for mozzarella will be installed in its Victoriaville manufacturing facility which, following significant investments, will become Parmalat's sole cheese production facility in the province of Quebec. This decision will allow to create 15 new jobs and keep the existing 410 jobs in Victoriaville.

Parmalat SpA to Amend Article 5 of its Bylaws

Parmalat SpA at the Extraordinary Shareholders' Meeting to be held on February 27, 2015 announced to discuss and adopt amendments to Article 5 of the company Bylaws.

Parmalat SpA, Special/Extraordinary Shareholders Meeting, Feb 27, 2015

Parmalat SpA, Special/Extraordinary Shareholders Meeting, Feb 27, 2015., at 14:30 Central European Standard Time. Location: STARHOTELS ROSA GRAND. Agenda: To discuss and adopt resolutions concerning the following Agenda: motion to extend the subscription deadline for the share capital increase referred to in Article 5, Letter b), of the company Bylaws and delegate powers to the Board of Directors to implement this motion and, consequently, empower the Board of Directors to regulate the allocation of warrants subsequent to January 1, 2016; and amendments to Article 5 of the company Bylaws.


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Valuation PLT Industry Range
Price/Earnings 19.4x
Price/Sales 0.7x
Price/Book 1.2x
Price/Cash Flow 19.9x
TEV/Sales 0.5x

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