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DROMEAS S.A. OFFICE FURNITURE INDUSTRY
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Announcement
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June 2, 2008 Dromeas SA, announces that the turnover of the three month period of 2008 (01/01/2008-31/03/2008), has increased by 18.35%. Concretely: Sales of company has increased by euro 744.000 or 18.35% in relation to the same period last year. Sales reached to euro 4.79 million in 2008 from euro 4.05 million in 2007. EBITDA in 2008, decreased to euro 709.000 from euro 969.000 in 2007. The percentage of decrease is 26.83%. The reason for that decrease is the increase by 33.3% of the marketing expenditure that were held in the first three months of 2008. Those expenditure and depreciations expenses (were increased by 26.7% from last year), affected the profit and loss account. So, earnings after taxes decreased to euro 43.000 at 31/03/2008 from euro 348.000 same period last year. Accordingly, the figures for Group Dromeas for the first three months of 2008 are: The Consolidated turnover has increased by 17.66% in relation to the last year period. From euro 4.11 million in 2007, reached to euro 4.84 million in 2008. EBITDA in 2008, decreased to euro 681.000 in 2008 from euro 951.000 in 2007 (28.5%). The reason is the decrease of profits due to the parent company. Earnings after taxes were euro 181.000 in 2008, from euro 333.000 in 2007.
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