September 1, 2008 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 Euro from 28,18 mln Euro for H1 2007.
Earnings before interest, taxes, depreciation & amortization (EBITDA) increased by 65,5% from 3,7 mln Euro for H1 2007 to 6.2 mln Euro for H1 2008.
Earnings after taxes and minority interest increased significantly by 115,9% from 1,3 mln Euro for H1 2007 to 2.9 mln Euro for H1 2008.
Parent Company has also declared positive figures:
Turnover grew at 33,6% to 20.8 mln Euro from 15.5 mln Euro for H1 2007.
Earnings before interest, taxes, depreciation & amortization (EBITDA) increased by 30,2% from 2,1 mln Euro for H1 2007 to 2.7 mln Euro for H1 2008.
Earnings after taxes increased by 16,7% from 0,9 mln Euro for H1 2007 to 1.1 mln Euro 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.
