Highlights of the results
- Sales increased by 20%, from Euro 64,3 mil. to Euro 77,0 mil.
- Profit before interest, tax and depreciation (EBITDA) increased by 25% from Euro 8,9 mil. to Euro 11,1 mil.
- Net profit after tax and minority interest increased by 136%, from Euro 0,45 mil. to Euro 1,07 mil.
Commenting on the results of 1st Quarter 2006, the Chairman of the Board, Mr. Spyros Theodoropoulos, noticed that the increase of the consolidated sales is mainly attributable to the maturity of the new distribution network in Greece (direct sales to 34.000 retail sales points). Furthermore, most of the important Group entities achieved increased sales during 1st Quarter 2006. The significant increase of profitability after tax and minority interest is mainly due to the decreased participation of minority shareholders to Chipita East Europe equity (and eventually profits) during 1st Quarter 2006, compared to 1st Quarter 2005, since Chipita Group bought out significant minority interest during July 2005.
- The condensed Financial Statements for 1st Quarter 2006 will be published on Tuesday 30 May 2006. The full set of Financial Statements will be available in the Company's web site (www.chipita.com), from the same date.
The Annual General Assembly of the Shareholders will be held on Thursday 1 June 2006, 12:00 at "Athinais" complex, Kastorias 34-36, Athens

For further information:
Artemis Dousia,
e-mail: dousia@chipita.com,
tel. 2102885150
Konstantinos Apostolidis,
e-mail: apostolides@chipita.com,
tel. 2102885422