Merchants House, Bristol
United Kingdom
Turnover of the parent company company also rose compared to last year by 3,9%, amounting in the fiscal year 2005 to 65,07 million Euros against 62,63 million Euros in 2004.
Turnover of Kleemann at consolidated base also increased significantly, reaching 79,24 million Euros against 73,35 million Euros, in 2004, reflecting an increase of 8,0%.
Earnings before taxes after minority rights at group level moved also upwards in the fiscal year 2005 and amounted to 9,79 million Euros against 8,97 million Euros of the fiscal year 2004, improving by 9,1%, and net profits after taxes and minority rights of the shareholders at Group level amounted in 2005 to 6,54 million Euros compared to 6,45 million Euros in 2004.
The growth both of the company and the group presented in the fiscal year 2005 is considered satisfactory by the management of the company. It is attributed to the improvement of the productivity of the parent company and the performance of its subsidiaries within and outside Greece.
It should be noted that the financial results of the company and the Group have been influenced by the sale of the subsidiary company "Leistritz Hydraulik GmbH", which created losses of the parent company amounting to 380.187,00 Euros and 751.105,03 Euros to the Group
Kleemann management for the for the current fiscal year is estimating sales for the parent company to be 71,71 million Euros, increased by 10,2% compared to the sales of 65,07 million Euros in 2005 and profits before taxes of 10,61 million Euros against 10,20 million Euros of 2005, increased respectively by 4%.
For the Group the management is expecting consolidated sales of 81,10 million Euros, increased by 2,3% compared to the sales of 79,24 million Euros in 2005 and profits of 10,39 million Euros against 9,62 million Euros in 2005 increased respectively by 8,0%.
