SIGNIFICANT INCREASE AT TURNOVER AND PROFITABILITY IN 2004

Turnover of Kleemann in the fiscal year 2004 also increased significantly at consolidated base, reaching 73,25 million Euros against 65,39 million Euros in 2003, reflecting an increase of 12,0%.

 

Earnings before taxes after minority rights at group level moved also upwards in the fiscal year 2004 and amounted to 9,59 million Euros against 8,13 million Euros of the fiscal year 2003, improving by 18%.

The growth both of the company and the group presented in the fiscal year 2004 is attributed by the management to the improvement of the productivity of the parent company, the performance of its subsidiaries within and outside Greece and the positive acceptance of the new products of the company by the Greek market.

For the current fiscal year 2005, Kleemann management is estimating sales of the parent company to be 68,10 million Euros, increased by 8,7% compared to the sales of 62,63 million Euros of the year 2004 and profits of 9,09 million Euros against 8,73 million Euros of the year 2004, increased respectively by 4,1%. The management expects consolidated sales of the Kleemann group of companies of 80,82 million Euros, increased by 10,3% compared to the sales of 73,25 million Euros of the year 2004 and profits of 10,14 million Euros against 9,59 million Euros of the year 2004 increased respectively by 5,7%.