Today Rilken S.A. publishes half year results 2007 as well as the consolidated financial statements of the Rilken Group.
In the first six months the company realized sales of 19,760 T euro, an increase by 71.7% compared to the corresponding period of the previous year. All sectors achieved an excellent growth, while a significant portion of the increase is the result of the transfer of Henkel Hellas cosmetics business to Rilken S.A.
Gross profit increased similarly by 78% and amounted to 12,210 T euro versus 6,860 T euro in the first semester of 2006, while earnings before interest and tax increased by 347% recording a profit of 1,051 T euro against 235 T euro of the previous year. Apart from the above mentioned sales increase and a reduction in cost of sales by 2% (as a percentage of sales), the improved profit was the result of containing operating expenses in line with sales growth. Other operating income was significantly below 2006 due to the conveyance of Henkel's Hellas cosmetics division to Rilken S.A. (reduction of commissions from Henkel Hellas).
After tax, the company's profit increased by 473% and amounted to 493 T euro compared to a profit of 86 T euro in 2006.
Rilken Group results are identical with the company's results, as they came exclusively from Rilken's activities. There are no commercial transactions on behalf of its subsidiaries, which are in the final phase of liquidation.
After tax, the Group recorded a profit of 489 T euro versus a loss of 44 T euro in 2006. Earnings per share amounted to 0,15 euro.
The half year results of 2007 have been posted on the company's website www.rilken.gr
Rilken S.Α. is an Athens based manufacturer and marketer of cosmetics, specialized in hair care products. The Company is a member of the Henkel Group, which is the major shareholder of Rilken S.A. via its subsidiary Henkel Hellas S.A.
Contact: Martha Bonou Tel: (+30) 210 4897205 Fax: (+30) 210 4897102 E-mail: Martha.Bonou@gr.henkel.com