ROMANIA: Albalact ends 2016 with over 500 million lei in turnover | Progresiv

Albalact, part of Lactalis Group, ended 2016 with a turnover of 527 million lei, up by 17% over the previous year, according to the company's data reported to the Ministry of Finance. With this result, Albalact maintains its status as leader of the Romanian dairy industry.

Also at profit level, Albalact reported a significant increase, reaching 16.9 million lei, up by 14% from the 2015 net result.

Last year, Albalact changed its shareholding, being taken over by the French group Lactalis - one of the largest dairy players in the world, with a turnover of 17 billion euros in 2015. Albalact maintained its growth pace after the takieover as well, reporting for the third quarter of last year a two-digit increases in turnover.

Lactalis paid for Albalact 334.21 million lei (75.18 million euros) in the public offer ended on September 14, 2015.