KLEEMANN Group in 2013 increased its profit before tax, which amounted to 5.6 mln €, from 2.5 mln € in 2012, and also achieved improved performance both in terms of margins and turnover.

The Group’s globalization strategy and extraversion in recent years resulted in the Group being present in more than 92 countries by the end of 2013 and its international sales being higher by 8% compared to last year. Moreover, international sales now amount to 82% of the consolidated turnover from 78% in 2012.

More specifically, the consolidated turnover amounted to 94.8 mln € from 92.3 mln € in 2012, increased by 2.7%. The gross profit margin amounted to 34.4% from 31.0% the previous year. The improvement is due to the continuous actions implemented regarding the reduction of raw material costs, the increase of productivity as well as the reduction of general production expenses. The profit after tax and non-controlling interest amounted to 0.9 mln € from -78 thous € in the previous year, while the Group’s EBITDA amounted to 9.0 mln € from 5.7 mln € in 2012.

Furthermore, the Group has an excellent capital structure, with cash flow from operating activities being positive and amounting to 11.9 mln euros. As a result, cash available are higher than loans, and thus net bank loans amount to -4.9 mln €, an achievement which highlights the Group’s financial self-reliance. Moreover, total bank loans are reduced by 6.6 mln € compared to the end of 2012. The Group’s equity is nearly double compared to its liabilities with the equity to debt ratio amounting to 1.96, which reflects the Group’s limited exposure, its healthy financial state and ensures its unhindered operational growth in the future.

For 2014, the management expects further improvement of the Group’s performance and its liquidity to remain at high levels, while international expansion and the penetration of all markets presenting growth prospects, will continue to be its main strategy.