Sarantis sees satisfactory growth in fragrances & cosmetics sector
24 Sep '07
3 min read
The Earnings before Tax for Q2 2007 amounted to €16.45 million compared to €15.24 million in Q2 2006, resulting to an increase of 7.94%.
The Earnings after Tax and Minorities reached €12.61 mil. in Q2 2007, compared to €11.14 mil. in Q2 2006, increased by 13.20%. However, it is worth noting that excluding the one-off items that were recorded in the respective period last year from the sale of Multirama (c. € 0.96 mil.) and the withdrawal from the unprofitable Pet Business (c. € 1.34 mil.), EATAM growth reaches 42.5%.
Consolidated turnover breakdown per business activity is reported through four categories: fragrances & cosmetics, household products, health & care products and other sales. In the categories of Fragrances & cosmetics and Household products, “own products” recorded substantial growth rates along with management's strategy.
The significant increase of fragrances and cosmetics (+22.95%) and of household products (+14.84%) is worth mentioning. Specifically, fragrances and cosmetics represent the 43.42% of the total consolidated turnover followed by the household products with 39.74%. Own products increase reached 19.55% for fragrances & cosmetics and 14.74% for household products.
Analyzing the geographical distribution of Sarantis Group EBIT we observe satisfactory results in Greece that reported a significant increase by 8.29% reaching €14.39 mil., with the old markets also reporting significant increase by 135.82%.
In 2005 Sarantis Group realized strategic moves which serve its objective for expansion in Eastern Europe as well as enhancement of its own products portfolio.
marketing@alchempro.com
