Belgorod Dairy Plant

Belgorod Dairy Plant JSC was established in 1993. The main activity of the enterprise is milk processing, production of cheese, fermented milk and whole milk products. The company has a branch in the Sverdlovsk region. Sells products under the trademarks "Parmalat" and "White City." The owner of 99.75% of his shares in the report for 2022 was named ItalianParmalat S.p.A.

Performance indicators

2023: Profit growth by 68% to RUB 521.25 mln

At the end of 2023, Belgorod Dairy Plant JSC, the Russian structure of the Italian corporation Parmalat, received a net profit of approximately 521.25 million rubles. This is 68.3% more than the result for the previous year, when the company earned 309.69 million rubles. Such data are reflected in the financial report published at the end of May 2024.

According to Interfax, the plant's revenue in 2023 amounted to 8.33 billion rubles. For comparison, a year earlier, the company received 8.39 billion rubles. Thus, the fall in this indicator was at around 0.7%. The cost of sales on an annualized basis decreased by 2.5% - from 7.68 billion to 7.49 billion rubles. Accounts payable of the plant for the year increased from 394.6 million rubles to 524.9 million rubles, receivables - from 1.76 billion rubles to 2.05 billion rubles.

𝓲

Unsplash

In total revenue in 2023, sterilized milk accounted for 4.69 billion rubles, which is 2.4% less than in the previous year. Sales of sterilized cream decreased by 7.9% - to 1.88 billion rubles, while the demand for cheese-curd products decreased on an annualized basis by 9.9%, amounting to 648 million rubles. At the same time, revenue from the sale of pasteurized milk rose 1.6 times, reaching 65.16 million rubles.

The report also says that the gross profit of Belgorod Dairy Plant JSC rose by 18.5% - from 704.67 million rubles in 2022 to 834.83 million rubles in 2023. Profit from sales on an annualized basis showed an increase of 17.8% - from 547.3 million rubles to 644.61 million rubles. As of the end of May 2024, 99.75% of the enterprise is owned by Parmalat S.p.A. The shareholders also include Lactalis MK LLC with a share of 0.22% and an individual.^[1]

2022: Revenue growth by 6.6% to RUB 8.39 billion

In 2022, Belgorod Dairy Plant raised 8.39 billion rubles against 7.87 billion rubles a year earlier. The net profit of the Russian subsidiary of the Italian concern Parmalat in comparison with the same periods doubled - from 152.25 billion to 309.69 billion rubles. Such data are given in the reports published in June 2023.

According to Interfax, citing materials from Belgorod Dairy Plant JSC, sales of sterilized milk from the company in 2022 increased by 3.2%, to 4.81 billion rubles. For sterilized cream, the amount of revenue increased by 2.4%, to 2.05 billion rubles. For cheese-curd products, revenue increased by 31% to 719.4 million rubles. At the same time, revenues from the sale of pasteurized milk decreased six times, to 41.9 million rubles.

Parmalat increased annual sales in Russia

It also follows from the reporting that the company's accounts payable for 2022 decreased from 591.6 million rubles to 394.6 million rubles, the receivable remained at the same level - 1.8 billion rubles.

In October 2022, the Lactalis group (developing the President, Galbani, Parmalat and others brands) announced that it would continue to work in the Russian market.

At this stage, we decided to stay in Russia. We believe that we are fulfilling our mission to provide food to the civilian population, "the company representative emphasized at the time.

By the end of 2022, Lactalis had four plants in Russia with 1,900 employees.^[2]

Notes