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Increased Turnover and Profits for the Group of KLEEMANN for the 6-month Period 2015
Increased Turnover and Profits for the Group of KLEEMANN for the 6-month Period 2015
The half year period of 2015 closed with profitability and improved figures for the Group of Kleemann compared to the corresponding last year period.
More specifically, the Group's turnover for the six month period amounted to Euro 47,9 mln from Euro 40,3 mln, increased by 18,9%, while profit before tax also increased by 84,2% to Euro 2,1 mln from Euro 1,1 mln in the corresponding period of 2014.
The Group's EBITDA amounted to Euro 3,6 mln from Euro 2,7 mln in the corresponding period of 2014. Finally, the profit after tax and non-controlling interests amounted to Euro 1,5 mln from Euro 0,8 mln in the corresponding period of the previous year.
In addition, the ratio of total equity to liabilities is high and amounts to 1,85, while the amount of cash is higher than debt by Euro 2,6 mln. This performance confirms the financial self-sustainability of the Group as well as its healthy financial state while it ensures its unhindered operation and future growth.
Furthermore, as it has been recently announced the Group has proceeded in establishing two new commercial subsidiaries in Croatia and Germany, and has acquired a commercial company in Australia with the intent to strengthen its presence in these countries. As a result, the Group is present through its subsidiaries and representative offices in 15 countries, while the percentage of the Group's international sales amounted to 88% from 85% in the corresponding period of 2014 and the total number of employees has been increased to 1.109 persons from 1.032 on 31 December 2014.
The Management expects that the group's performance will continue improving in 2015 and maintain its healthy liquidity, while having as a key pillar the ongoing effort to expand its activities internationally and the penetration of markets which present growth prospects.
