In 2005, revenues of Delta Group amounted to 694,4mio euros from 691,6mio euros in 2004, influenced mainly from the reduced levels in ice cream sales in view of the non advantageous weather conditions, the restructuring in the networks of Goodys and Flocafe, with the opening of new stores and others being shut down and from the change in the cooperation of Delta Dairy SA with DANONE. However, the introduction of new products in the dairy and frozen foods segments, represented the main counterbalancing effect, confirming the successful diversification in the Group's activities.

As to the Group profitability, financial figures were as follows:
- Gross profits amounted to 286,6mio euros from 284,2mio euros in 2004, representing an increase of 0,86%, with gross profit reaching 41,3% vs. 41,1%.
- EBITDA reached 120,1 mio euros from 105,4 mio euros in 2004, representing an increase of 14%.
- EBIT amounted to 86,4 mio euros from 66,4 mio euros, up by 30,1%.
- EBT reached 71,0 mio euros from 61,3 mio euros, up by 15,9%.
- EAT and before minority interests reached 40,9 mio euros from 49,3mio euros in 2004. It is noted that in order for someone to compare the 2005 Group EAT with those of 2004, one will have to add 21,4 mio euros to 2004 taxes, in view of the extraordinary event re the reduction in the deferred taxation computed on the revaluation of the assets which benefited by an equal amount 2004 tax levels.

Therefore, the amended 2004 EAT of the Group amount to 27,9mio and the increase in the EAT for 2005 amounts to 46,3%. Equally, the amended EAT and after minority interests of the Group for 2004 amounted to 17,7 mio euros vs. 31,1 mio euros for 2005, thus representing an increase of 75,7%. The achievement in the above mentioned results is due to the more efficient management of resources, the restraining of the operating costs, as well as the efficient utilization of synergies within the Group, which confirms the Group?s strategy for profitable growth. Thus, free cash flow on a consolidated basis, in 2005 amounted to 56 million euros whereas earnings per share (EPS) amounted to 0.89 euros, increased by approximately 68% taking into consideration that the adjusted profits per share for 2004 amounted to 0.53 euros.

Dividend pay out to be proposed amounts to 0,17 euros per share. Furthermore, 2005 was a significant year for Delta Group, with strategic events that took place as part of the Group's continuous effort to simplify its capital and organizational structure: - In February, it obtained the full control of its subsdiary Delta Dairy S.A, by buying out Danone's minority interest (30%) in the company - In April, it acquired Papapastratos' minority interest (10,5%) in General Frozen Foods - In June, the company placed through private placement the 16,5% of its shares which it owned (as treasury stock) and which came from the exchange of shares with Danone in 1999, when the latter had acquired 30% of Delta Dairy - In July, the refinancing of the Group's bank debt was completed successfully through the US Private Placement market and the issue of a bond loan in the European Bond market. The major target was the extension in the tenor of the debt with improved terms and conditions contributing to a more efficient capital structure for the Group. Thus the healthy financial structure of the Group is reflected today in its ratio Net Debt/EBITDA, which reached in 2005 approximately 3:1.

Finally, Delta Group following the recent developments regarding the sale of its ice cream business and the merger with Chipita International S.A. and its major subsidiaries (Delta Dairy, General Frozen Foods and Goody's) is getting in a new dynamic phase with significant areas for expansion in new product markets and geographical regions with significantly improved capabilities for synergies. All these will contribute to the enhancement of its profitability and free cash flows, resulting in the further in crease of its shareholders' value.