Sarantis sees satisfactory growth in fragrances & cosmetics sector
24 Sep '07
3 min read
GR. SARANTIS S.A. released the consolidated financial results for second quarter 2007.
Main Points: - Consolidated turnover increase by 13.91% to €118.15 mil. in Q2 2007 from €103.72 million in Q2 2006. - Gross Profit Margin increased to 50.56% in Q2 2007 from 49.59% in Q2 2006. - EBITDA margin increased to 15.66% in Q2 2007 from 15.16% in Q2 2006. - EPS increase by 13.20% to €0.33 in Q2 2007. - Fragrances & cosmetics demonstrated the highest increase on a yearly basis by 22.95% to €51.29 mil. - All old countries (Poland, Romania, Bulgaria, Serbia, the Czech Republic, FYROM and Hungary) continue to present outstanding growth rates.
In Q2 2007, consolidated turnover amounted to €118.15 mil., compared to €103.72 million in Q2 2006, noting an increase by 13.91%.
It should be noted that during Q2 2007 we observed a satisfactory growth in the two basic sectors of activity, the fragrances & cosmetics and the household products, along with an overall strong activity growth in the Eastern European markets.
Gross Profit increased by 16.16% at €59.74 mil. in Q2 2007. Gross profit margin increased to 50.56% from 49.59% in Q2 2006 as a result of the management's strategic decision to alter the product mix towards own products.
The Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) reached €18.51 million in Q2 2007, leading to an EBITDA margin increase to 15.66% from 15.16% in Q2 2006.
The Earnings before Interest and Tax in Q2 2007 amounted to €16.75 mil., increased by 20.41% compared to Q2 2006 that stood at €13.91 million.
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