Sports Club Gloria
Romania
Financial Figures - First Figures 2007
The financial figures of Kleemann presented an upward trend in the first quarter of the current fiscal year, at both consolidated and parent company level.
Specifically, according to the financial statements of the first quarter of 2007, consolidated profits before taxes and minority rights of the group amounted to 3,34 mil. Euros, against 3,03 mil. Euros in the equivalent period of last year, presenting an increase of 10,2%. Consolidated profits after taxes and minority rights amounted to 2,18 mil. Euros, against 1,92 mil. Euros in 2006, presenting an increase of 13,5%, with earnings before interest, taxes, depreciation and amortization (EBITDA) of the group amounting to 4,09 mil. Euros against 3,63 mil. Euros last year, presenting an increase of 12,7%.
At the same time, consolidated turnover amounted in the first quarter of 2007 to 24,55 mil. Euros against 19,19 mil. Euros of the equivalent quarter of the previous year, presenting an increase of 27,9%.
At parent company level, profits before taxes increased in the examined period by 5,5% amounting to 2,70 mil. Euros from 2,56 mil. Euros in the equivalent quarter of the previous year. Profits after taxes of the parent company amounted to 1,96 mil. Euros in 2007 from 1,81 mil. Euros in the same period of 2006, increased by 8,3% with EBITDA amounting to 3,32 mil. in the first quarter of 2007 from 3,04 mil. Euros in the same period of 2006, presenting an increase of 9,2%.
Moreover, turnover of the parent company amounted to 22,69 mil. Euros against 17,55 mil. Euros last year, presenting an increase of 29,3%.
As indicated by Kleemann management, the significant increase of consolidated financial figures is due to the upward trend of the Greek market and the subsidiary companies of the group, the further export growth of the listed company, and also the launching of new products in the market.
At the same time, Kleemann management expects for the current fiscal year, sales of the parent company of 85,52 mil. Euros increased by 12,3% compared to the sales of 76,16 mil. Euros of 2006, and profits before taxes of 12,30 mil. Euros against 11,08 mil. Euros of 2006, increased respectively by 11,0%.
Moreover, regarding the group, the management expects sales of 97,80 mil. euros, against 85,05 million. Euros in 2006 (14,9% increase) and profits before taxes 15,90 million euros against 15,05 mil. euros last year, increased respectively by 5,6%.
