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CLI — Centrale del Latte d'Italia SpA News Story

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Italy's Centrale del Latte d'Italia Q1 revenue falls on lower Italy prices

Overview

Italy dairy producer's Q1 revenue declined 1.2% yr/yr, driven by lower selling prices in Italy

Q1 EBITDA rose 4% yr/yr, while EBIT and net profit fell sharply

Company saw increased milk product sales volumes and strong growth in other countries

Outlook

Company says it is difficult to predict performance for the coming financial year due to economic uncertainties

Result Drivers

LOWER ITALY PRICES - Revenue decline driven primarily by lower average selling prices in Italy

MILK VOLUME GROWTH - Milk products segment revenue rose slightly due to increased sales volumes

INTERNATIONAL GROWTH - Revenues in other countries increased significantly due to higher sales volumes in the large-scale retail channel and the Milk segment

Company press release: ID:nBIAbKLvnK

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueEUR 77.10 mln
Q1 Net IncomeEUR 1.70 mln
Q1 EBITEUR 3.10 mln
Q1 EBITDAEUR 7.10 mln
Q1 EBITDA Margin9.20%
Analyst Coverage The one available analyst rating on the shares is "buy" The average consensus recommendation for the food processing peer group is "buy" Wall Street's median 12-month price target for Centrale del Latte d'Italia SpA is €6.00, about 45.3% above its May 13 closing price of €4.13 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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