Kleemann Hellas Group reported significant increases in sales and profitability at both consolidated and parent company level at the closing date of the first semester of the current fiscal year.

Specifically, and according to the financial statements of the first semester of 2006, consolidated profits before taxes and minority rights amounted to 8,10 million Euros against 5,35 million Euros of the previous corresponding period, reflecting an increase of 51,4%.

Consolidated profits after taxes and minority rights amounted to 5,95 million Euros compared to 3,45 million of the fiscal year 2005, reflecting an increase of 72,5%, whereas earnings before interest, taxes, depreciation and amortizations (EBITDA) of the group amounted to 9,06 million Euros against 6,25 million Euros last year, presenting an increase of 44,96%.

Moreover, consolidated turnover in the first semester of year 2006 amounted to 40,35 million Euros against 37,76 million Euros of the previous corresponding six-month period, showing an increase of 6,9%. It is mentioned that, turnover of the year 2005 also included the sales of the subsidiary company LEISTRITZ GmbH, the participation to which was sold by the company in the beginning of 2006 and, hence, it is not consolidated in the current period.

At parent company level, profit before taxes of the examined period increased by 24,2% amounting to 6,21 million Euros from 5,00 million Euros of the last year corresponding semester.

Profit before taxes and minority rights of the parent company amounted to 5,14 million Euros in 2006 from 3,37 million Euros in the same period of year 2005, increased by 52,5%, whereas EBITDA amounted to 6,71 million Euros in the first semester of year 2006 from 6,12 million in the same period of year 2005, presenting an increase of 9,64%.

At parent company level, turnover amounted to 36,34 million Euros against 31,19 million Euros of the previous year corresponding semester, presenting an increase of 16,5%.

According to the management of Kleemann Hellas, this significant increase of the consolidated financial figures is due to the upward trend of the Group Subsidiaries, the continuous growth of exports, and the launching of new products. Moreover, this year's financial statements are not encumbered by the loss-making results of LEISTRITZ GmbH.

It is noted that, for 2006, the management of the company estimates consolidated sales of approximately 81,05 million Euros (79,24 million Euros in 2005), consolidated earninigs before interest, taxes, depreciation and amortizations (EBITDA) of 15,80 million Euros (12,15 million Euros in 2005), consolidated profits before taxes and minority rights of 12,22 million Euros (9,78 million Euros in 2005) and group profits after taxes and minority rights of 8,50 million Euros (6,53 million Euros in 2005).