ELAIS-UNILEVER S.A. announced its 9M 2006 financial results prepared in accordance with International Financial Reporting Standards (I.F.R.S.).
Company sales in the nine month period 2006 marked an increase of 5.9% amounting to Euro 175 mil. over Euro 165.2 mil. in the respective period last year. More specifically, spreads and cooking products sales rose by 5.7% and stood at Euro 137.8 mil., representing 78.7% of total turnover. Savoury and beverages sales increased by 7.7% and amounted to Euro 30.3 mil., representing 17.3% of total turnover.
Gross profit amounted to Euro 72.5 mil. over 68.6 in the nine month period 2005 marking an increase of 5.7%, while gross profit margin stood at 41.4% over 41.5%.
EBITDA in the nine month period 2006 stood at Euro 30.9 mil. over Euro 27.4 mil., posting an increase of 12.6%. The abovementioned increase is partly due to the rise of administrative and selling expenses, at a lower rate as compared to turnover.
Earnings before taxes in the nine month period 2006 stood at Euro 29.9 mil. over Euro 26.1 mil. in the respective period last year, marking an increase of 14.5%. Finally, earnings after taxes amounted to Euro 20.6 mil. over Euro 17.1 mil. in the nine month period 2005 posting an increase of 20.3%.
ELAIS - UNILEVER''s Management deems that nine month period 2006 financial results confirm the strategy of the company. The implementation of the company''s investment program regarding the development and promotion of new products will continue offering end consumers nutritious and healthy food choices.
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