Centrale del Latte d'Italia, strong growth in 2020
Jump in operating income attested to 7.4 million (in 2019 it was negative for 5.3 mln)
The board of directors of Centrale del Latte d'Italia, the Italian leader in the fresh and long-life milk market controlled by Newlat Food, approved the financial statements for 2020. The year ended with revenues of € 180.6 million, up by 3.1% compared to 175.1 million in 2019. EBITDA stood at 18.3 million, a clear improvement (+183.2%) compared to 6.6 million in 2019, while operating income it was positive for 7.4 million, a strong increase compared to 2019 when it was negative for 5.3 million euro.
2020 closed with a net profit of 4.1 million, an increase compared to the net loss of 6.5 million euros in 2019. At the end of 2020 the net financial position was up by 15.4 million: it goes from a a deficit of 72.9 million in 2019 to one of 57.8 million at the end of 2020.
EFA News - European Food Agency