Merchants House, Bristol
United Kingdom
Earnings before tax of the parent company reached the amount of 13,34 million Euros, against 11,09 million Euros the corresponding period of 2006, presenting an increase of 20,3%, which is higher that the initial estimates of the company for earning before tax equal to 12,30 million Euros.
According to the management of Kleemann Hellas, the significant enforcement at the financial figures of both the Group and the Parent Company is due to the evolution of subsidiary companies, to the further export growth of the listed company, and also to the launching of new products in the market
Management of Kleemann estimates for the for the current fiscal year consolidated turnover to be 115,0 million Euros, increased by 7,9% compared to 2007, and parent's turnover equal to 100,0 million Euros, increased by 5,0% in relation to the previous year. Regarding earnings before tax are considered to increase in comparison with 2007.
The planned productive investments of the 3-year period 2007-2009 are expected to surpass the amount of 16 million Euros. Investing policy of the Group concerns manufacturing of new industrial building facilities, acquisition of advanced technological machinery, acquisition of computer and information systems, installation of systems for saving energy, evolution of an innovative system for electronic sales, acquisition of up to date systems for inventories management.
In the above budget is included the construction of a high trial tower which will help the evolution of high velocity and long-distances elevating systems. The total amount for the realization of the project is estimated to reach 4 million Euros, from which amount of 1.970.000 Euros has been included in the provisions of ν. 3299/2004 and its subsidy has approved by the competent bodies with a percentage of 35 %.
In 2007, total investments summed up to 6,98 million Euros.