Eurodrip Group posted significant increase in profitability for the first quarter 2009. Particularly the key financial figures are as follows:
Consolidated Earnings Before Tax rose to euro 2,001 million against euro 1,122 million for the relevant period of 2008, posting an increase of 78,3%. Consolidated Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to euro 3,301 million compared to euro 2,308 million for the previous corresponding period of 2008, increased by 43%.
Consolidated turnover increased by 5,81% and rose to euro 20,488 million, vs euro 19,362 million in the respective period of 2008.
The profitability of the parent company despite the mild decline of turnover , marked a significant increase with the key financial results as follows:
Earnings Before Tax rose to euro 0,818 million against euro 0,513 million for the relevant period of 2008, posting an increase of 59,6% Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to euro 1,345 million, compared to euro 1,078 million for the previous corresponding period of 2008, posting an increase of 24,7%. Turnover decreased by 4,2% and amounted to euro 9,122 million for 2008, as opposed to euro 9,526 million during the previous corresponding period of 2008.
Equally to mother company, considerable improvement in financial results was posted in affiliates with manufacturing units in Turkey, USA, Egypt and Jordan.