ELAIS UNILEVER S.A. announced its Full Year 2006 financial results prepared in accordance with International Financial Reporting Standards (I.F.R.S.).
During the year 2006, Sales of the Company posted an increase of 5.0% amounting to Euro 237.7 mil. compared to Euro 226.4 mil. in 2005. More specifically, spreads and cooking products sales rose by 4.8% reaching Euro 188.3 mil., representing 79.2% of total turnover. Savoury and beverages sales increased by 6.6% standing at Euro 40.5 mil., representing 17.0% of total turnover.
Gross profit for the period 2006 increased by 7.4% standing at Euro 100.3 mil. compared to Euro 93.4 mil. in 2005, while gross profit margin amounted to 42.2% over 41.3% in the year 2005. This increase in gross profit is attributed to the product mix, new innovations and a more efficient operation of the company''''s production plants.
EBITDA for 2006 stood at Euro 35.7 mil. compared to Euro 38 mil. in 2005, marking a decrease of 5.9%. Earnings before taxes for the full year period of 2006 amounted to Euro 34.7 mil. compared to Euro 36.1 mil in 2005 a decrease of 3.8%. Finally, earnings after taxes stood at Euro 23.6 mil. over Euro 23.4 mil. in 2005 marking an increase of 0.7%.
Based on the financial results of the year 2006 the Management team of ELAIS - UNILEVER views the company?s organic growth as satisfactory. Through the implementation of its innovation program, the company plans to continue offering products that respond to the constantly diversified consumer preferences, as well as the modern nutrition trends.
See the Full Year 2006 financial results