Dairy industry woes push Saputo to revise earnings forecast
“The target of $2.1 billion is still the same,” CEO Lino Saputo told analysts on a conference call Friday. “We are confident in our plan and in our ability to effectively carry out the projects we have set ourselves. That’s not the issue.
The chief executive sought to assure industry watchers that “the most difficult stages” on the operational level are near completion.Capital Markets analyst Irene Nattel wasn’t surprised by the announcement, and served up reasons for hope.
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