1 INFORMATION CONTAINED IN THE PRESS KIT CENTRALE DEL LATTE DI TORINO & C. S.P.A. An Inter-regional Centre Specializing in Fresh Products Page 1 Distribution, Products, and Brands Page 4 Economic-Financial Results Page 8 Main Evolution Stages Page 10 The Company in a Nut-shell Page 14 Contact: Barabino & Partners Roberto Stasio Donata Astengo Tel This press kit is also available for unloading at Web Site, under the Section "Ufficio Stampa on Line" (On-line Press Office). Also, press releases, photos, etc. are available in this Section. Turin, december 2013
2 1 CENTRALE DEL LATTE DI TORINO & C. An Inter-regional Centre Specializing in Fresh Products A private owned company Centrale del Latte di Torino & C. S.p.A. has always been a private company, with an inter-regional scope, specializing in the production and direct sale - also through the operating unit Centro Latte Rapallo - Latte Tigullio, subsidiary Centrale del Latte di Vicenza S.p.A. - of which the Group holds a 40% stake - of dairy products, such as fresh milk, long-life (UHT) milk, yogurt, and fermented milk with probiotic ferments. In addition to its core-business, the Company has recently developed other businesses of interest with a high potential in other sectors, like the fresh salad range which it produces and sells directly. A wide range of fresh products Owing to its strong dynamic nature and propensity for diversification, Centrale del Latte di Torino & C. S.p.A. through carefully selected sub-suppliers is producing and selling, under its own brands, other packed products, all of them belonging to the fresh produce segment, such as eggs, cheeses, pasta, and desserts. CENTRALE DEL LATTE DI TORINO & C. S.P.A. - La presenza sul territorio Inter-regional leadership Four production units Centrale del Latte di Torino & C. S.p.A. stands out for its strong local roots, since almost all its sales are made in the regions of Piedmont, Liguria, and Veneto, where it is the market leader for fresh and long-life (UHT) milk. Production is carried out in four production units equipped with leading-edge technology for product processing, packaging, and storage. They are located in Turin, Rapallo (GE), Vicenza and Casteggio (PV).
3 2 Figures as of Dec. 31, 2012 With a total of approximately 260 employees and yearly production and sales of approximately 165 million liters of milk, as of 31st December 2012, Centrale Latte di Torino & C. S.p.A. posted consolidated net sales amounting to Euro million, EBITDA of Euro 6.6 million, EBIT of Euro 418 thousand and a loss of Euro 1 million. CENTRALE DEL LATTE DI TORINO & C. S.P.A. - Local presence /Inter-regional developments
4 3 Widespread distribution network Growth and development The Group distributes its products through a widespread network of over 170 reefer vans, which every day supply about 1,600 points-of-sales of retail chains and over 6,000 retailers. After 60 years of business and uninterrupted success, faced by a very mature market situation, Centrale del Latte di Torino & C. S.p.A. has carried out development policies aimed at both internal growth - through an ever expanding product range, ongoing upgrading of production plants, and the strengthening of its market position and penetration - as well as external growth, through acquisitions. CENTRALE DEL LATTE DI TORINO & C. S.P.A. Group structure 100% 45% GPP S.r.l. Listing STAR In order to provide the required financial support to its growth and development process, in November 2000, the Company decided to go public and list on the Telematic Market of the Italian Stock Exchange (Mercato Telematico della Borsa Italiana S.p.A.). On the 2nd April 2001, Centrale del Latte di Torino & C. S.p.A. was approved for listing on the STAR segment of Borsa Italiana S.p.A.
5 4 CENTRALE DEL LATTE DI TORINO & C. Distribution, Products, and Brands Not only milk: eggs, cheeses, salads, pasta, and vegetables Genoese Pesto Fresh milk leader In the past few years, the business of Centrale del Latte di Torino & C. S.p.A. - historically focused on fresh and long-life (UHT) milk - has been strongly diversified with regard to the fresh/extra-fresh produce segment. By the end of 2003, Centrale del Latte di Torino & C. S.p.A. extended its product offering with the production and sale of fresh vegetables - e.g. spinaches, chards, salads, etc. - as well as fresh-made pasta with a particular focus on typical regional products. In July 2005, the Group, through Centro Latte Rapallo, entered the market of Fresh ready-made pasta sauces by launching Pesto Genovese. With fresh milk sales accounting for 44% (2012) of its total sales, Centrale del Latte di Torino is the market leader in Piedmont and Valle d Aosta, with a market share of 28.9% in the fresh milk sector; it is second in Liguria with a share of 19% and second in the province of Vicenza, with a share of 25.2%*. Also on a domestic level, Centrale del Latte di Torino & C. S.p.A. ranks among the market leaders, after the two main sector players. Milk Brands Centrale del Latte di Torino & C. produces a wide range of different products in the milk market sold under different brands, depending on the reference market: Tapporosso, Tigullio, Alta Quota Frascheri and Centrale del Latte di Vicenza for fresh milk; Piemonte, Tigullio, Latte Vicenza and Alta Quota for long-life (UHT) milk. *Source: IRI I (Iper + Super)
6 5 Fresh milk is produced in various product types, namely Alta Qualità (high quality), full cream, semi-skimmed milk, and skim milk; long-life (UHT) milk is available in full cream milk, semi skimmed milk, semi-skimmed low lactose Highly digestable milk, and skim milk versions; high pasteurization temperature (ESL) milk is available in semi-skimmed low lactose Highly digestable and organic whole milk. More than 70 products Flora Plus In addition to milk, Centrale del Latte di Torino & C. S.p.A. produces and sells 70 different products, including yogurt, cheeses, fresh-made pasta, eggs, salads, desserts and vegetables. A few years ago (in 2005), to the benefit of the cool chain, Centrale del Latte di Torino & C. S.p.A. entered the fermented milk sector with the Flora Plus label products. Produced in the Vicenza factory, Flora Plus is also sold in the Piemonte and Liguria regions. In , Centrale del Latte di Torino & C. S.p.A. invested major resources to innovate its core business product lines, thus stressing its original market focus. These investments were mostly made on packaging, to better meet consumer demand (Elopak Diamond curve packaging for fresh milk in 1000 ml carton boxes, reclosable metal cap for 750 ml glass bottles, Square TetraPak for UHT milk in 1000 ml carton boxes). They are all quite strategic today in order to cope with significant market changes.
7 6 Extended Shelf Life milk Interregional distribution In February 2009, the Turin plant Highly Digestable low lactose content milk line - where until then UHT milk has almost exclusively been rolled out for all Group companies - introduced a new line for the production of a new product with features that are much closer to fresh milk: e.g. ESL (Extended Shelf Life) Highly Digestable high pasturization temperature milk. In September 2011 the ESL milk line was extended to include full cream and semi-skimmed versions. All of these products are sold in a blue barrier PET bottle and must be kept in the fridge. Present with our own plants in Piedmont, Liguria,Veneto, and Lombardy, our distribution network is mostly concentrated in these geographic areas. In Piedmont, our products are delivered every day to approximately points-of-sale of retail chains and to traditional shops with a network of about 100 reefer vans. Products are distributed directly in the city and province of Turin, in the province of Biella and also in the province of Vercelli, while for the provinces of Asti and Cuneo and for the Pinerolo area, distribution is outsourced to external distributors. As to Liguria, distribution in the province of Genoa and La Spezia to retail chains as well as to traditional shops, is appointed to a direct network of around 45 self-employed distributors with over 55 reefer vans, who deliver the products every day to more than 2000 client outlets. In Veneto, distribution is mostly concentrated in Vicenza and its province, and in the neighboring provinces of Padua and Verona. These areas are served on a daily basis through a direct network with 25 reefer vans, which, every day, deliver our products to one thousand points-of-sale of retail chains and associated distribution, traditional shops, as well as to some local catering businesses, municipalities, and hospitals. CLT is top in Italky in the launch of the 1.5 l size Centrale del Latte di Torino & C. S.p.A. was the first in Italy in October 2009, (initially in Piedmont, with the Tapporosso brand, a few months later in Liguria with the Latte Tigullio brand and finally, from May 2011, also in Veneto with the Centrale del Latte di Vicenza brand) to launch a new 1.5 litre fresh milk pack, for both high quality and semi-skimmed milk. This initiative confirms the company s focus on product innovation through the launching of new products that better meet the changing needs of modern households. The new 1.5 litre pack is indeed positioned as a "service" product for numerous families or for those that drink a lot of fresh milk.
8 7 With a view, once again, to guaranteeing an innovative product offer, in 2013 Centrale del Latte di Torino & C. S.p.A. Group entered the organic food sector, a continually expanding, highadded-value segment, with full-fat BIO ESL milk, sold in 1 litre bottles. In addition, with the aim of gaining a foothold in new niche markets in the segment of specific ethnic products, in the early months of 2013 Centrale del Latte di Torino & C. S.p.A. Group launched traditional Arab-style fermented milk. In keeping with its strategy of attention towards markets other than milk, Centrale del Latte di Torino & C. has introduced a soya drink, in order to respond to the needs of consumers with an intolerance to cow s milk or an allergy to milk proteins, as well as vegetarians and vegans. This soya drink benefits from CLT s technological knowledge in the field of UHT products, and contains 100% Italian soya, as well as 20% calcium and vitamins beneficial toi the nervous system (B2) and the immune system (D2), and to reduce tiredness (B12). Another new product launched by CLT is the Defilé yoghurt, a range of fruit yogurts that are 30% lower in sugar than the average of top-selling yogurts. Defilé maintains all the creamy texture of the traditional range, with the genuine flavour of the fruit enhanced by the lower sugar content. For the professional channel, Centrale del Latte di Torino & C. S.p.A. has introduced special 5 litre and 10 litre packs of cream and UHT milk, with innovative packaging: a stand-up aluminium-coated pack with a handle and top to keep the product fresh once opened.
9 8 CENTRALE DEL LATTE DI TORINO & C. Economic-financial Results Centrale del Latte di Torino & C. S.p.A. has been working for about 60 years in the production of milk and dairy products, and fresh produce in Piedmont, Liguria, Valle d Aosta, and Veneto, enjoying a leading position in these regions in the sale of fresh and long-life milk. Consolidated net sales Net financial position Investments in 2 new plants At the end of 2012, the Group recorded net consolidated revenue of Euro million, with Ebitda standing at Euro 6.6 million and a net loss of Euro 1 million. At the end of 2012, The Group s net financial position was negative to the tune of Euro 25.3 million. In line with the industrial plan, Centrale del Latte di Torino & C. S.p.A. created two new production plants, one located in Vicenza andhe other in Casteggio (PV), aimed at increasing our core-business of milk and dairy products, as well as production in the new sectors of packaged fresh vegetables.
10 9 Vicenza On 21st June 2008, the new plant in Vicenza was opened, where the activities previously carried out in the sites of Vicenza (old site) and Valdagno, and Carmagnola have been pooled. The new plant, for which the Centrale del Latte di Torino & C. S.p.A. Group has invested around Euro 30 million, has an annual production capacity of approximately 52 million liters, with possibility for expansion. The most advanced production site in Italy The new production site, judged as the most advanced and high-technology industrial facility in the dairy industry in Italy, is equipped with cutting edge technology for the processing and packaging of milk and dairy products. It features 10 production lines, highly innovative analysis and control systems, and an efficient supply chain management system. Salads & Fruits Salads & Fruits Division of CLT S.p.A With the aim of strengthening its offer in the new fresh and extra-fresh produce market segments, in 2005 Centrale del Latte di Torino & C. S.p.A. acquired a 25% stake in Salads & Fruits - a company with head offices and plant based in Casteggio (PV) producing salads and ready-to-eat vegetables and fresh packaged fruits. In the years since then, Centrale del Latte di Torino & C. S.pA., with a capital increase and the progressive acquisition of the other minority equity interests, has obtained 100% control of this company. With a view to streamlining the group s organization and management, Salads & Fruits has been recently merged with Centrale del Latte di Torino & C. S.p.A. Today, the modern production plant in Casteggio, which was completed in 2007 with a Euro 5 million investment, is producing over 60 different varieties of salads and ready-to-cook vegetables for all the Group s companies as well as for private labels. Salads & Fruits can now deliver packaged produce to the various customers and outlet markets with a lead time of only 24 hours from receipt of raw materials.
11 10 CENTRALE DEL LATTE DI TORINO & C. Main Evolution Stages Founded in : Long-life milk enters the market The company s industrial activities began in April 1950, when a group of private industry operators (still shareholders today) and the Municipality of Turin set up Centrale del Latte di Torino (Central Dairy), with a view to complying with the requirements for a quality milk supply in terms of hygiene, rationalizing production, and meeting the local population s demand for milk. In the mid '60s, some production changes were taking place in this industry, with the introduction of long-life (UHT) milk. For this product in particular, the Central Dairy of Turin was among the first in Italy to adopt the new Tetrapack pack, thus replacing the classic milk glass bottle. Up until 1974, under an agreement with the Municipality, the company continued to operate in the city area under monopoly. With the subsequent market liberalization, it then extended its influence also to the Province of Turin, as well as to other provinces, such as Vercelli, Cuneo, Asti, Alessandria, Biella, and Aosta. 1980: Demerger of industrial activities In 1980, to improve its business performance, it demerged its industrial and sale business from the financial one, by establishing Centrale del Latte di Torino Gestione Industriale S.p.A. (today s Centrale del Latte di Torino & C. S.p.A.), and at the same time adding new products to milk, such as yogurt, cream, and soft white cheeses. In the following years until today, major economic investments were made in plant and equipment upgrading and revamping, breeding selection, as well as in product range control and development. 1991: Acquisition of 20% stake in Centro Latte Rapallo A new fresh milk production cluster: CLT & C. In line with its growth and differentiation policies on a local level, in 1991 Centrale acquired a 20% stake in Centro Latte Rapallo S.p.A., a milk and dairy company based in the Province of Genoa, producing and selling milk and dairy products in Genoa and in the eastern Riviera. In April 1999, a strategic decision was made to become a major player in milk, dairy and fresh produce, by pursuing both internal and external growth: Centrale del Latte di Torino & C. was thus established, through partially free and partially paid-in capital increase, and cross- shareholding integration with Centro Latte Rapallo, through the acquisition of the remaining % shares and with new shareholders. In July of the same year, the Meeting of Shareholders approved the company s listing on the Italian Stock Exchange.
12 : Going public 2001: Acquisition of 40% stake in Frascheri S.p.A On the 3rd November 2000, Centrale del Latte di Torino was listed on the Telematic Market of Borsa Italiana S.p.A and on 2nd April 2001 it was approved for listing on the STAR segment of the Italian Stock Exchange. In December of the same year, Centrale del Latte di Torino & C. bought 40% shares in Frascheri S.p.A., a company producing and selling milk and dairy products with a plant based in Bardineto, in the Province of Savona. The operation involved the sale of part of the Frascheri family s equity investment, and at the same time, an increase in share capital reserved for Centrale del Latte di Torino & C. S.p.A. and aimed at important investments to be made for the reorganisation of corporate logistics. 2002: Acquisition of Centrale del Latte di Vicenza In April 2002, the acquisition syndicate led by Centrale del Latte di Torino & C. S.p.A., Centrale del Latte di Brescia S.p.A., and Granarolo S.p.A., bought the local dairy central from the Municipality of Vicenza. The operation - amounting to Euro million - was conducted with the setting up of a newco - CLAV Industria S.p.A. - owned by Granarolo S.p.A. (with an 18% stake) and CLAV Finanziaria (82%), equally owned by Centrale del Latte di Torino and Centrale del Latte di Brescia. 82% stake in Centrale del Latte di Vicenza In June 2002, Centrale del Latte di Torino acquired from Centrale del Latte di Brescia a 50% stake in CLAV Finanziaria S.p.A.. With this operation, Centrale del Latte di Torino strengthened its presence in Centrale del Latte di Vicenza, acquiring the majority stake (82%) in CLAV Industria, while Granarolo maintained its original 18% stake. Following oher capital increases, by the end of 2008, Centrale del Latte di Torino s shareholding in Centrale del Latte di Vicenza amounted to 91.73%, while Granarolo S.p.A. remained a minority shareholder. 2007: Majority stake and new plant of Salads & Fruits In July 2007, Centrale del Latte di Torino raised its stake in Salads & Fruits S.r.l from 25% to 83.7%., with a view to strengthening its position in a market with increasing importance for the Group. Also, during the same period, the construction of the new plant of Salads & Fruits in Casteggio (PV) was completed, and production of fresh ready-to-eat salads began.
13 In June 2008, CLT Group opened the new plant of Centrale del Latte di Vicenza, so far the most modern one in the milk-dairy industry in Italy. In July 2008, following another capital increase, CLT increased its stake in Salads & Fruits from 83.7% to 94.92%. In December 2008, CLT acquired a 100% stake in Salads & Fruits : full control of CLV 2013 In July 2009, the Subsidiary Salads & Fruits was merged with Centrale del Latte di Torino &C. S.p.A., thus becoming a Division of the Holding company. In June 2010, CLT acquired full control of Centrale del Latte di Vicenza, through the acquisition of a 8.2% minority stake previously held by Granarolo. Starting from 1 April 2013, the merger by incorporation of Centro Latte Rapallo S.p.A. into Centrale del Latte di Torino & C. S.p.A. became effective. The financial reasons for the operation are linked to a plan to streamline organisation, with the twin aim of allowing the Parent Company to directly carry out the activities conducted by Centro Latte Rapallo S.p.A., and of increasing efficiency and cutting decision-making and operating costs thanks to a leaner Group structure.
14 13 In November 2013, Centrale del Latte di Torino & C. S.p.A. sold its 40% equity investment in Frascheri S.p.A.. Centrale del Latte di Torino acquired the equity investment in 2001, and after 10 years of collaboration, the companies have made a joint decision to carry out this operation in order to allow both to grasp new opportunities for growth.
15 14 CENTRALE DEL LATTE DI TORINO & C. The Company in a Nut-shell Name: Business: Stock Capital: Registered Office: Plants: Internet Site: Outlets: Distribution: Centrale del Latte di Torino & C. S.p.A. Production and sale of milk, dairy products, fresh and extrafresh produce. Euro , divided in shares with a value of Euro 2.06 each Via Filadelfia, Turin Via Filadelfia, Turin Via S. Maria del Campo, Rapallo (Ge) Via Faedo, 60 - Vicenza Via Rossini, 10 - Casteggio (PV) about with retail chains about retailers about 170 vans Sold products: pasteurized fresh milk ( High Quality full cream milk, full cream milk, semi-skimmed milk, skim milk); high temperature pasteurization (ESL) milk: full cream milk, semi-skimmed milk, low lactose content semi-skimmed milk, organic full cream milk and fermented semiskimmed milk); long-life (U.H.T.) milk (full cream milk, semi-skimmed milk, skim milk, low lactose content semi-skimmed milk); soya drink; fresh pasteurized and U.H.T. cream; butter; yogurt low-fat and full cream (white and fruit flavored) and low - sugar (fruit flavored); milk fermented with probiotic cultures Flora Plus; extra fresh eggs, fresh organic eggs, free-range eggs; fresh salads; mozzarella cheese (from cow and DOP - protected designation of origin - buffalo cow milk);
16 15 ricotta cheese; fresh cheese called prescinseua Genovese ; mascarpone cheese; crescenza, stracchino (soft cheeses) and creamy cheese with probiotic ferments; grated Grana Padano cheese; gorgonzola cheese; tomino cheese; Swiss Emmentaler cheese (sold in slices); puddings and panna cotta; fresh made pasta; fresh vegetables. Brands: Tapporosso, Tigullio, Piemonte, Frascheri, Fior di Bio, Fiordovo, Flora Plus, Alta Quota, I Freschidilatte. Employees: 260 Total sales (volumes): around 165 million liters Net consolidated sales as of : Euro million Board of Directors: Luigi Luzzati President Riccardo Pozzoli Vice Executive President and Managing Director Nicola Codispoti Managing Director Adele Artom Guido Artom Benedetto De Benedetti Antonella Forchino Maurizio Macchiavello Luciano Roasio Alberto Tazzetti Germano Turinetto Directors Board of Auditors: Investor Relator: Francesco Fino Giovanni Rayneri Vittoria Rossotto Vittorio Vaudagnotti
17 16 Auditing Company: KPMG S.p.A. Specialist: Banca IMI starded from 1st january 2014 Communication Consultants: Barabino & Partners Shareholders: Finanziaria Centrale del Latte di Torino S.p.A. 51,78% (al ) Lavia SS 5,9% B & E Equities S.p.A. 15,03% Stocks on the market 27,19%
Centrale del Latte di Torino & C. S.p.A. - CLT Group Via Filadelfia 220 10137 Turin - Italy Tel. +39 011 3240200 - Fax +39 011 3240300 e-mail: posta @centralelatte.torino.it www.centralelatte.torino.it
GRANAROLO COMPANY PROFILE November 2015 GROUP OVERVIEW AGENDA FINANCIAL RESULTS EXPECTED GROWTH UP TO FY16 APPENDIX GRANAROLO COMPANY PROFILE May 2015 CONFIDENTIAL 2 THE GROUP IN BRIEF Established in 1957,
4 th Q. 2008 Highlights The factoring market and group positioning Strategies Consolidated financial and economic data Attachments The Credit Crunch : impact on Banca IFIS s activity The consequences for
Brochure More information from http://www.researchandmarkets.com/reports/3043644/ Dairy Market, Romania, 2009-2016 Description: In 2013 the milk and dairy market in Romania rose 8% in volume and 12% in
Methorios Capital Small Cap Conference Milan, 29th November 2012 Borsa Italiana Palazzo Mezzanotte 11.30 Room Gialla 2 Methorios Capital Group Business overview Key Numbers & Strategies 3 3 Overview Methorios
PRESS RELEASE START OF THE BANKING & INSURANCE PARTNERSHIP BETWEEN THE CATTOLICA AND BANCA POPOLARE DI VICENZA GROUPS Signature today of a memorandum of understanding for a long-term business partnership
MD 32 Methodological document ISSN 1840 488X Agricultural Statistics ANNUAL REPORT OF MILK COLLECTION AND PRODUCTION OF DAIRY PRODUCTS Bosnia and Herzegovina Agency for Statistics of Bosnia and Herzegovina
Carige s project: history and results The The 2005-2007 Business Plan Plan The adoption of IAS and 1H 2005 results Carige share performance -1- Future evolution Independence through growth 1990-1998 1999-2003
PRESS RELEASE NOEMALIFE: The Board of Directors approved the Draft Financial Statements for the year ended as at 31 December 2012. Consolidated operating revenues of EUR 67.5 million, +39% over 2011. EBITDA*
Ideas for Objectives and Assessment of Cooking to Save Money Cooking to save money may target participants with little or no cooking skills, who lack a vocabulary of cooking terms, are on a budget or using
Group Value to your business Mestre, 2013 The Group Group Who we are 02 The Group is the only independent banking group in Italy specialized in the value chain of trade receivables, non performing loans,
Sales Performance Management: Guido Berlucchi S.p.A. Berlucchi has grown considerably in recent years, hence the need to install a system for the integrated management of our commercial and operational
CALTAGIRONE SpA May 2005 THE CALTAGIRONE GROUP The Caltagirone Group is a family-controlled industrial concern with aggregated sales over 1.3 bn (2004) (a) Group structure is based on three main activities:
Lactose and Galactose Free Alternatives to Dairy 1 The following milks are suitable in the galactosaemia diet. All milks included are calcium fortified. **Check the age from which the milk is suitable.
BANCA CR FIRENZE Annual Report 2003 Limited Liability Company Registered Office and Headquarters in Florence Share Capital 8 620,422,859.49 fully paid Reserves 8 255,956,237.64 Register of Companies, Fiscal
Ch. 57 MILK AND DAIRY PRODUCTS 7 CHAPTER 57. MILK AND DAIRY PRODUCTS GENERAL PROVISIONS Subchap. Sec. A. MILK AND DAIRY PRODUCTS DEFINITIONS AND STANDARDS... 57.1 B. LABELING... 57.41 C. OTHER DAIRY PRODUCTS...
Canada s Food Guide Jeopardy Drafted: July 2008 Revised: December 2012 Eating Well with Canada s Food Guide Veg & Fruit Grain Products Milk & Alternatives Meat & Alternatives Physical Activity Miscellaneous
Company brochure Visser kaas The assortment of Visser Kaas Ever since its founding in 1921, the focus in the assortment of Visser Kaas has been on traditional natural ripened Gouda wheels. Although the
Standards driving Process Improvement 1 - Mr Gerry Lee Managing Director (Business Groups) April 2014 A supermarket chain with a social conscience Far Eastern Economic Review, 2003 1973 NTUC Welcome Supermarket,
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report
CHILD CARE DIPLOMA Course Sample Unit CHP2 Providing for children s physical needs inclusive of health and safety The Statutory framework for the EYFS is a requirement for all registered early years providers.
Florida Department of Health WIC Program This institution is an equal opportunity provider. 1/2016 1 EBT stands for Electronic Benefits Transfer. EBT is a simple, secure, and convenient way to buy your
THE BOARD OF DIRECTORS APPROVES THE FIRST HALF 2015 FINANCIAL REPORT REVENUES: EQUAL TO EUR 73.6 MILLION, 7.8% MORE THAN THE SAME PERIOD OF THE PREVIOUS YEAR (68.3 MILLION) EBITDA: EQUAL TO EUR 6.9 MILLION,
Annual Report 2014 10th financial year PARMALAT ANNUAL REPORT 2014 Mission Nutrition and wellness all over the world The Parmalat Group is a food-industry group with a multinational strategy that seeks
BANCA CARIGE SPA BANCA CARIGE SPA Cassa di Risparmio di Genova e Imperia HSBC Italian Banks Conference London, 19 th January 2006-1- Agenda Carige s background The Strategic Plan 2005 first results The
Milk Allergy Cows milk allergy affects around 3 6% of (3 6 in every 100) infants and young children who usually start to have symptoms in their first few months. This causes many health problems and is
File No. 82480 Folder No. 25385 Articles of Association of a Foundation REPUBLIC OF ITALY On this Wednesday, the twenty-first day of July two thousand four (July 21, 2004), in Collecchio (Parma) at 22/26
Nutritional Advice for Competitive Swimmers Motivation, training and the genes you get from your parents are considered by many athletes and coaches to be the most important factors for successful athletic
Growing Brand Value Developing its portfolio of brands by pursuing strategic investments and winning greater mindshare in the marketplace, the Group is growing its brand name far and wide. 16 Fraser and
1 AIM INVESTOR DAY 3 April, 2014 2 MISSION Italia Independent Group has a clear mission: to develop the brand Italia Independent. The company heads a group active in the market of eyewear, lifestyle products
Marcolin Group: net income of ITL 8 billion on sales of ITL 231.6 billion. The Board of Directors approves the consolidated financial statements for 2000: sales of ITL 231.6 billion (24% up on 1999) and
Specific nutrition/health needs High Low Growth/ Capital building Babies/ Toddlers Maintenance/ early prevention Adulthood Life stage Aging/ problem solving Elderly/ pathology Source: internal data size
Breakfast recipes Toast with peanut butter and orange juice (serves 1) 2 average slices of brown toast 24 g of peanut butter Drink: 200 ml of orange juice Fruity cereal with a skinny latte (serves 1) 2
PRESS RELEASE OUTLINE INDUSTRIAL AND DEBT RESTRUCTURING PLAN FOR THE PARMALAT GROUP PRESENTED TODAY TO SURVEILLANCE COMMITTEE Meetings with major creditors, the relevant authorities and trade unions to
Giving shape to design Frankfurt, November 14 th, 2000 1 Massimo PROSDOCIMI Banca Commerciale Italiana Giuseppe MORFINO President Offer structure Group Profile Luigi VISCONTI Managing Director Market and
SS-207-06 For more information, visit the Ohio Department of Aging web site at: http://www.goldenbuckeye.com and Ohio State University Extension s Aging in Ohio web site at: http://www.hec.ohio-state.edu/famlife/aging
Canada s Organic Market National Highlights, 2013 IN LATE 2012, THE CANADA ORGANIC TRADE ASSOCIATION LAUNCHED THE ORGANIC MARKET RESEARCH PROGRAM, THE MOST COMPREHENSIVE STUDY OF CANADA S ORGANIC MARKETPLACE
PRESS RELEASE 2013 RESULTS APPROVED ITALIA INDEPENDENT GROUP CONTINUES TO GROW - Net revenue + 59.1%, equal to 24.9 million euro (15.7 million euro for the year ended 31 December 2012) - Gross margin +
S TATUTORY INSTRUMENTS 2014 No. EDUCATION The Requirements for School Food (England) Regulations 2014 Made - - - - *** Laid before Parliament *** Coming into force - - *** The Secretary of State for Education,
Better Training for Safer Food BTSF Process CCP identification in cheese production and scientific safety assurance indicators Paolo Daminelli Microbiological risk analysis Use of computational tools as
Consolidated Quarterly Report as of March 31 st, 2007 GENERAL INFORMATION GENERAL INFORMATION... 3 SIGNIFICANT EVENTS IN THE FIRST QUARTER OF 2007... 5 SUMMARY OF RESULTS... 6 PROFIT AND LOSS ACCOUNT...
(Translation from the Italian original which remains the definitive version) 1 Dear Shareholders, Welcome to the shareholders meeting called for the approval of the 2013 financial statements. As always,
Who we are We are 17,000 men and women who form a cooperative banking group with 1,800 branches. Over the past 150 years, we have become part of the history of the households and businesses in our local
Food Packaging Charter Before Before Before The Whole Package Marks & Spencer is passionate about offering a wide range of delicious, nutritious, wholesome and safe foods, and we recognise that packaging
ENGINEERING INGEGNERIA INFORMATICA SpA ROME, Via San Martino della Battaglia, 56 THE UNDERSIGNED AND FULLY PAID UP SHARE CAPITAL IS EQUAL TO 31,875,000 TRADE REGISTER NO. 00967720285 ROME CHAMBERS OF COMMERCE
Investor Presentation February 25, 2004 Some of the statements in this presentation may constitute forward-looking information and future results could differ materially from what is included. Please refer
Agreement reached for National Foods to acquire all shares in Dairy Farmers August 25, 2008 Kirin Holdings Company, Limited Contents Transaction overview Strategic relevance Valuation and funding Goodwill
For Immediate Release October 26, 2005 GIBRALTAR REPORTS THIRD-QUARTER SALES AND EARNINGS Sales Up 5% to $282 Million; Earnings Per Share from Continuing Operations of $.43; Inventories and Debt Reduced
Maximizing Nutrition at Minimal Cost Outline: Get down to the nutrition basics Identify health issues at hand Understand the challenges & barriers Practical application & solutions Rate Your Plate What
Allergy and Immunology COWS MILK ALLERGY Cows milk is one of the most common causes of food allergic reactions in children. If your child is allergic to cows milk, strict avoidance of milk and all milk
Stefano Beorchia, IR LUGANO SMALL & MID CAP INVESTOR DAY Lugano, 25 Settembre 2015 TBS Group: Health Technology Management THE INTERNATIONAL REFERENCE POINT IN HEALTH TECHNOLOGY MANAGEMENT Focus on technological
Since 1938 BRVNELLI BRVNELLI - A DAIRY MANUFACTURING COMPANY ESTABLISHED IN ROME IN 1938 - is today a Group of privately held stock companies, R.BRVNELLI S.p.A. and BRVNELLI SVD S.p.A.,sharing a unique
Extending the EU Policy on Strengthening the Functioning of Supply Chains to ACP-EU Trade Relations and Beyond: The Case of the Dairy Sector Policy Coherence and the CAP Series May 2012 1. The evolution
ENGINEERING INGEGNERIA INFORMATICA S.p.A. HEADQUARTERS IN ROME, VIA SAN MARTINO DELLA BATTAGLIA, 56 UNDERSIGNED AND FULLY PAID UP SHARE CAPITAL 31,875,000 TRADE REGISTER NO. 00967720285 ROME CHAMBERS OF
Foods With Healthy Supplements and Organics Have Room for Growth Major Perception Gaps Across the Globe Towards Fortified and Organic Foods Popularity Held Back by Pricy Image, Niche Distribution and Credibility
Increasing Protein in the Diet What is protein? Protein is a nutrient essential for: Growth Healing Immune system Maintenance of tissue, skin, hair, and nails At times, when your appetite is low, or when
Thomas KUNZ An undisputed leadership worldwide Danone World Market Share in 2011 21% More than 80% of Danone Sales from countries where we are #1 #1 #2 Other position Value Market Share ytd january 2012
Yogurt What is Yogurt? Yogurt is a cultured dairy product that can be made from whole, lowfat or skim milk, including reconstituted nonfat dry milk powder. The Food and Drug Administration (FDA) describes
31 August 2015 Market Announcements Office Australian Securities Exchange Level 4 North Tower, Rialto 525 Collins Street Melbourne VIC 3000 ELECTRONIC LODGEMENT Dear Sir or Madam Murray Goulburn Co-operative
Cassa di Risparmio di Genova e Imperia Genoa, 12 th October 2007 Alfredo Sanguinetto General Manager AGENDA A LONG SEASON OF SOUND ACQUISITIONS ISP BRANCHES DEAL PURCHASE OF 78 ISP BRANCHES COMPARED WITH
Corporation with registered office in Via Terraglio 63, 30174 Mestre, Venice Tax code and Company Registration no. Venice 02505630109 VAT registration no. 02992620274 REA number: VE - 0247118 Share Capital
Chinese Business Review, ISSN 1537-1506 July 2012, Vol. 11, No. 7, 656-671 D DAVID PUBLISHING Social Values and Ethics for Communicating the Corporate Identity Cecilia Casalegno, Chiara Civera University
Turin, 9 November 2012 PRESS RELEASE INTERMEDIATE MANAGEMENT REPORT OF SIAS GROUP AS AT 30 SEPTEMBER 2012 The Intermediate management report of the SIAS Group as at 30 September 2012 was approved by the
Pagina 1 di 5 Ranking Analysis Description: This report shows the positions of your website in the search engine results For: Centroprestiti (http://www.centroprestiti.it/) Created on: at 15.23.28 Profile:
AQA GCSE Design and Technology: Food Technology Revision Section A 30 marks Section B 90 marks Section A is based on the design ideas and preparation sheet Section B is based on anything you learnt last
Patient information leaflet Royal Surrey County Hospital NHS Foundation Trust Choosing the most suitable yoghurt Nutrition & Dietetics This booklet tells you about: Why yoghurts are useful to include in
Milan - May 13 th, 2015 TOD S S.p.A.: Sales growth: 1,5% in the first quarter of 2015 The Board of Directors approved Tod s Group Q1 2015 Interim Report Group s sales: 257.7 million Euros, +1.5% from Q1
A data table from The Pew Charitable Trusts and the Robert Wood Johnson Foundation Jan 2015 Snack Foods and Beverages In South Carolina Schools A comparison of state policy with USDA s nutrition standards
01 Balanced diet The Eatwell Plate What is a balanced diet? Your balanced diet will be specific to you it will depend on your age, your body weight and your gender. It also depends on how active you are.
Understanding consumers' trends on the purchases of dairy products Dr Cesar Revoredo-Giha Event Date Improving health attributes of dairy chains workshop, Edinburgh, February, 2013 Outline of the presentation
Canada s Organic Market National Highlights, 2013 IN LATE 2012, THE CANADA ORGANIC TRADE ASSOCIATION LAUNCHED THE ORGANIC MARKET RESEARCH PROGRAM, THE MOST COMPREHENSIVE STUDY OF CANADA S ORGANIC MARKETPLACE
Breakfast Served until 11.30am For full nutritional information on any of the meals please ask a colleague. Big breakfast Fried egg, 2 sausages, 2 rashers of bacon, hash brown, fresh tomato, baked beans
CARRARO S.p.A. Headquartered in Campodarsego (PD) Via Olmo n. 37 Share capital of 21,840,000 euro fully paid-in Tax code, VAT number, and membership number of the Business Register of Padua 00202040283
CAMFIN PRESS RELEASE THE BOARD OF DIRECTORS OF CAMFIN SPA APPROVES FINANCIAL STATEMENTS AS OF 30 JUNE 2010: CONSOLIDATED NET INCOME 1.6 MILLION EUROS (22.7 MILLION EUROS IN THE FIRST HALF OF 2009 THANKS
IL GELATO DELLA TRADIZIONE THE TRADITIONAL GELATO Recipe book 1 2 Pag. 5 : The Balancing of ingredients Pag. 6 : The Base for gelato Pag. 8: Alba Extra Hazelnut Pag. 10: Sicilian Pistacho Pag. 12: Bitter
Emilia Romagna Factor SpA Shareholders BPER Group What is factoring With recourse factoring Without recourse factoring Export factoring Maturity factoring Advantages for the company Contacts Emil-Ro Factor
Teachers Notes The eatwell plate The eatwell plate is a pictorial food guide showing the proportion and types of foods that are needed to make up a healthy, varied and balanced diet. The plate has been
PRESS RELEASE The Board of Directors approves the First 2008 Interim Report on Operations Consolidated Financial Highlights (in millions of euros) 3/31/08 3/31/07 restated (1) % change NET REVENUES INCREASE
PRESS RELEASE Pierrel S.p.A. The Board of Directors approved: - the draft Financial Statement of Pierrel S.p.A. and the Consolidated Financial Statement of the Group as at 31 December 2009 Consolidated