August 20, 2008 EURODRIP GROUP: H1 2008 FINANCIAL RESULTS
(for the period 01.01.2008 - 30.06.2008)
Revenue up at 39,4%, EAT jumps 115,9%!!
Eurodrip continues to maintain its steep growth
Eurodrip has posted strong results for the first half year 2008 both at a consolidated and parent company level.
Consolidated figures:
Turnover grew at 39.4% to € 39,28 mln from 28,18 euros mln for H1 2007.
Earnings before interest, taxes, depreciation & amortization (EBITDA) increased by 65,5% from 3,7 euros mln for H1 2007 to 6.2 euros mln for H1 2008.
Earnings after taxes and minority interest increased significantly by 115,9% from 1,3 euros mln for H1 2007 to 2.9 euros mln for H1 2008.
Parent Company has also affirmed positive figures:
Turnover grew at 33,6% to 20.8 euros mln from 15.5 euros mln for H1 2007.
Earnings before interest, taxes, depreciation & amortization (EBITDA) increased by 30,2% from 2,1 euros mln for H1 2007 to 2.7 euros mln for H1 2008.
Earnings after taxes increased by 16,7% from 0,9 euros mln for H1 2007 to 1.1 euros mln for H1 2008
Financial results of the Group’s subsidiaries have strong revenue and profits growth. More than that 85% of the consolidated sales derive from markets outside Greece.
Eurodrip will maintain the strong growth momentum during the second year half.
The Group is implementing the 2008 investment plan of about 7,5 million Euro, aiming to improve its production capacity, enhance productivity improve cost control and introduce two new products, being better equipped to meet fierce competition in the global marketplace.
