EURODRIP Α.Β.Ε.Γ.Ε.
Increase Revenue up TO 41% & Turnover up to 28% Versus 2007
Eurodrip Group posted significant increase in key financial figures for the third consecutive year, after the change of ownership. Particularly the financial results of fiscal year 2008 are as follows:
- Consolidated Earnings After Tax and Minorities rose to euro 1,507 million against euro 1,070 million for the relevant period of 2007, posting an increase of 40,8%.
- Consolidated Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to euro 7,383 million compared to euro 5,336 million for the previous corresponding period of 2007, increased by 38,4%.
- Consolidated turnover increased by 28,5% and rose to euro 61,669 million, vs euro 48,007 million in the respective period of 2007. The financial figures of the parent company that marked a significant increase as well are as follows:
- Earnings After Tax rose to euro 0,928 million against euro 0,586 million for the relevant period of 2007.
- Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to euro 3,508 million, compared to euro 2,340 million for the previous corresponding period of 2007, posting an increase of 49,9%.
- Turnover increased by 25,9% and amounted to euro 31,240 million for 2008, as opposed to euro 24,821 million during the previous corresponding period of 2007.
Equally to mother company, considerable improvement in financial results was posted in affiliates with manufacturing units in Turkey, USA, Egypt and Jordan.
After the realization of investments which came up to euro 6,5 million through 2008 in Greece, Turkey, USA and Egypt, Eurodrip Group has recently penetrated the Peruvian market with the establishment of a new affiliate company under the registered name "Eurodrip Peru SAC". The new company will constitute as a basis for the development of the Group in Latin America, one of the most emerging markets globally in the production of agricultural products as well as biocrops for the production of biofuel.
The Financial Statements of fiscal year 2008 will be released on Saturday, 21 March 2009.
- Consolidated Earnings After Tax and Minorities rose to euro 1,507 million against euro 1,070 million for the relevant period of 2007, posting an increase of 40,8%.
- Consolidated Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to euro 7,383 million compared to euro 5,336 million for the previous corresponding period of 2007, increased by 38,4%.
- Consolidated turnover increased by 28,5% and rose to euro 61,669 million, vs euro 48,007 million in the respective period of 2007. The financial figures of the parent company that marked a significant increase as well are as follows:
- Earnings After Tax rose to euro 0,928 million against euro 0,586 million for the relevant period of 2007.
- Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to euro 3,508 million, compared to euro 2,340 million for the previous corresponding period of 2007, posting an increase of 49,9%.
- Turnover increased by 25,9% and amounted to euro 31,240 million for 2008, as opposed to euro 24,821 million during the previous corresponding period of 2007.
Equally to mother company, considerable improvement in financial results was posted in affiliates with manufacturing units in Turkey, USA, Egypt and Jordan.
After the realization of investments which came up to euro 6,5 million through 2008 in Greece, Turkey, USA and Egypt, Eurodrip Group has recently penetrated the Peruvian market with the establishment of a new affiliate company under the registered name "Eurodrip Peru SAC". The new company will constitute as a basis for the development of the Group in Latin America, one of the most emerging markets globally in the production of agricultural products as well as biocrops for the production of biofuel.
The Financial Statements of fiscal year 2008 will be released on Saturday, 21 March 2009.