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Wimm-Bill-Dann projects higher investment
RBC, 28.03.2008, Moscow 19:32:16.Wimm-Bill-Dann Foods is planning to boost its investment by 10-20 percent to $210m-$260m in 2008 compared to the previous year ($192.7m), the company's CEO Tony Maher said during a conference call for analysts and investors today. He also noted that Russia's leading dairy product and beverage manufacturer was projecting revenue of $3bn-$3.3bn under US GAAP in 2008. Meanwhile, EBITDA is expected to reach $410m-$430m. Moreover, the company hopes to increase it revenue to $4.5bn in 2010 and EBITDA to $630m-$650m.
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