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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 77.10 mln
Q1 Net Income
EUR 1.70 mln
Q1 EBIT
EUR 3.10 mln
Q1 EBITDA
EUR 7.10 mln
Q1 EBITDA Margin
9.20%
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
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(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.)