Eurodrip Regulatory Announcements RSS Feed http://www.eurodrip.gr/anc.asp?lang=en Eurodrip Regulatory Announcements - Eurodrip was established in 1979 and is the first European company to become involved in drip irrigation. Its innovative method of incorporating drippers into the pipe results to water conservation and greater yields en-gb Copyright Eurodrip.gr 2009 Tue, 8 Jun 2010 08:58:02 GMT Bourikas Constantinos Eurodrip Regulatory Announcements RSS Feed http://www.eurodrip.gr/images/logo.gif http://www.eurodrip.gr/anc.asp?lang=en 88 31 Eurodrip Regulatory Announcements - Eurodrip was established in 1979 and is the first European company to become involved in drip irrigation. Its innovative method of incorporating drippers into the pipe results to water conservation and greater yields Search Search Eurodrip Site query http://www.eurodrip.gr/ INVITATION TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS (25/06/2010) http://www.eurodrip.gr/anc_details.asp?anc_id=46 INVITATION
TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
“EURODRIP AVEGE. Anonymous, Industrial, Commercial and Agricultural Company”

Pursuant to a resolution of the Board of Directors and according to the provisions of the Law and the Company's Codified Memorandum and Articles of Association, the Company's shareholders are invited to the Annual Ordinary General Meeting on Friday June 25th, 2010 at 14:00 pm, to be held at the headquarters of the company in Athens , Parasxou 143.
If the required quorum for some or all items of the agenda is not achieved, with the present invitation the Board of Directors invites the shareholders to the 1st  Repetitive Ordinary General Meeting on Monday Friday 9th, 2010 at 14:00 pm, at the headquarters of the company in Athens , Parasxou 143.
THE ITEMS OF THE AGENDA ARE AS FOLLOWS
1. Submission for approval of the Annual Financial Statements, on parent Company and Consolidated basis, for the fiscal year 2009, along with the relevant reports of the Board of Directors and the Auditors.   
Discharge of the Members of the Board of Directors and the Auditors from any liability for compensation in relation to the fiscal year 2009.
2. Election of Auditors, for the audit of the fiscal year 2010 and approval of their fees.
3. Approval of the remuneration, compensation and other remuneration and benefits payable to Members of the Board of Directors for the fiscal year 2009 and pre-approval for the period 1.1.2010 – 30.06.2011.
4. Granting permission, according to article 23 of codified law 2190/20, to the Members of the Board of Directors, as well as to Company Managers to participate in the Board of Directors or in the management of Group Companies as well as in the Board of Directors or in the management of Companies having the same or similar purposes.
5. Appointment of the members of the audit committee according to article 37 of the Law 3693/2008.
6. Other Issues – Announcements.
Shareholders, who wish to participate in the General Meeting in person or by proxy, should block, in whole or in part, the shares they possess through their operator in the Dematerialised Securities System (S.A.T.) and obtain a share blocking certificate. Shareholders who have placed their shares in the Special Account of S.A.T. should block their shares in the Hellenic Exchanges Holding S.A. (ex Central Securities Depository S.A.) at 110, Athinon Avenue, Athens, and obtain from it the relevant share blocking certificate, which they should deposit together with proxy certificates, if any, to the Head Office of the Company, Parasxou 143, Athens, at least (5) five days before the date of the General Meeting that is until Friday, June 18rd, 2010.
Shareholders may also deposit their share blocking certificates to the Deposit and Loans Fund or any Bank in Greece presenting the relevant deposit receipt to the Company within the same above time limit that is until Friday, June 18rd, 2010.
In case of a 1st  Repetitive General Meeting for the taking of decision on any item of the agenda, the Shareholders should block their shares according to the above and deposit the share blocking certificates and proxy certificates to the Head Office of the Company, Parasxou 143, Athens, at least (5) five days before the date of the 1st Repetitive Ordinary General Meeting that is until Friday, July 23rd, 2010.

 

Athens, 19/5/2010
The Board of Directors

]]> IR Department Thu, 3 Jun 2010 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=46 ANNOUNCEMENT ABOUT FINANCIAL / ACCOUNTING STATEMENTS (30/03/2010) http://www.eurodrip.gr/anc_details.asp?anc_id=44 As specified by the Hellenic Capital Market Commission, the Company informs the investors that in the Financial Statements for the Fiscal Year 2009 , released on 24 March 2010, other comprehensive income (after tax) which was recognized directly in equity, relates to foreign currency translation.
]]> IR Department Tue, 30 Mar 2010 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=44 Profitability Increase and Significantly Positive Cash Flows from Operating Activities for the Full Year 2009 (24/3/2010) http://www.eurodrip.gr/anc_details.asp?anc_id=45

For the FY 2009 Eurodrip posted Consolidated Earnings Before Tax of €3.030 million ( 5.1% on sales) an increase of 42.6%. compared to 2008, (EBT 2008 : €2.124 million (3.4% on sales).

Consolidated Turnover of €59.437 million was 3.6% down to 2008, due to deflated PE Raw material prices. Volume sales posted a strong 18.2%. surge to past year.

Consolidated Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to €7.817 million (13.2% on sales) vis a vis €7.383 million (12% on sales) for the FY 2008, an increase of 5,9%.

The company recorded a healthy cash flow growth. Cash flow from operating activities amounted to €7 million compared to negative cash flow (-€2 million) in 2008. The Group’s net bank debt decreased by €1.8 million or 6.1%.

Financial results of the parent company, characterized by profitability improvement and significant positive cash flow from operating activities

· Earnings before Tax reached €1.220 million(4.5% on sales) compared to €1.212 million ( 3.9% on sales) for 2008, posting an increase of 0.6%.

· Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to €3.299 million(12.2% on sales) compared to €3.508 million (11.2% on sales) for 2008, decrease of 6%.

· Turnover amounted to €27.107 million versus €31.239 million in 2008, decreased by 13.2%.

Eurodrip S.A. is subsidiary of Global Capital Investors II fund, with Global Finance, the leading Private Equity firm in South Easte Europe, being the consultant.

The Financial Statements of fiscal year 2009 will be released on Wednesday, 24 March, 2010.

]]> IR Department Wed, 24 Mar 2010 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=45 LISTING OF SHARES FROM SHARE CAPITAL INCREASE FOLLOWING THE EXERCISE OF STOCK OPTION RIGHTS (22/12/2009) http://www.eurodrip.gr/anc_details.asp?anc_id=42 This increase, which does not constitute a direct amendment of the Articles of Association, was certified by the Company’s BoD on 1-12-2009, following the resolutions of the above General Meeting, and was recorded in the Official Register of Sociétés Anonymes with the relevant announcement No K2-12341. The ATHEX Board of Directors during its meeting on 21.12.2009 approved the listing of the aforementioned 139.000 new common registered shares of the Company. In accordance with the decision of the Company’s BoD, the trading of these new shares will start on the Athens Exchange on Monday 28-12-2009. As from that date, the opening price of Eurodrip SA shares will be set in accordance with the ATHEX Regulation and the new shares will be credited to the investor and securities accounts that eligible participants hold with the Dematerialized Securities System (DSS). A relevant document which provides shareholders with further information, is available as from 2.11.2009 in printed form or online at the company's website. Shareholders can also contact the Investor Relation Department (tel. 22620-54800 Mrs. Chamakou Marianna). ]]> IR Department Tue, 22 Dec 2009 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=42 Document for the provision of information under Law 3401/2005 (8/12/2009) http://www.eurodrip.gr/anc_details.asp?anc_id=41 EURODRIP SA (the Company), following the announcement dated 2.11.2009 bringing to the attention of the investors the purchase of its shares, in the framework of the implementation of the stock option plan approved by the Repeat General Meeting of its Shareholders on 13.7.2007 and allocating shares to its staff, management, as well as to the Ex(s) of its subsidiary companies and Ex(s) employed on an independent services basis, informs the public about the final data deriving from the implementation of the aforementioned plan, the share issue price and the number of shares allocated of which the admission to trading on the Athens Exchange will be requested, as follows :
  • During the implementation of the stock option plan from 05/11/2009 until 12/11/2009, and taking into account the plan terms, nineteen (19) beneficiaries exercised their stock option right.
  • The offer concerned 143.000 new common registered Company shares, of which 139.000 shares were finally allocated, at a nominal value of Euro 0, 60 each.
  • The issue price of the new shares is set at Euro 0, 60.
  • The payment of the amount of the Company’s share capital increase, in cash, which was completed on 12/11/2009, rose to Euro 83.400,00 and was certified by the decision of the Company’s Board of Directors dated 1.12.2009. On 04.12.2009, the Ministry of Development recorded the Company data regarding both the aforementioned share capital increase and the verification of the payment for this increase in the Register of Societies Anonyms under the announcement No K2-12341.
  • The Company’s share capital, following the aforementioned increase, amounts to a total of Euro 26.532.360,00 divided into 44.220.600 common registered shares, with a nominal value of Euro 0,60 each.
  • The Company will undertake all lawful actions, according to the legislation in force, in order for the new shares to be admitted to trading on the Athens Exchange.

    Responsible for the drafting of this information document and the accuracy of its contents is M. Petros Dellis, Financial and Administrative Manager of the Group (55th km National Road Athens-Lamia, Inofita Viotias, 32011). Copies of this document are available at the Company offices (55th km National Road Athens-Lamia, Inofita Viotias, 32011) and on the Company’s website (www.eurodrip.com). For further information, please contact the Investor Relations Department at the Company offices, during working days and hours (tel.: 22620-54800). ]]> IR Department Tue, 8 Dec 2009 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=41 Increase Earnings up to 32% and Sales Volume up to 12% for 9 months of 2009. http://www.eurodrip.gr/anc_details.asp?anc_id=40 Key financial figures are as follows:

  • Consolidated Earnings After Tax rose to euro 3,251 million against euro 2,458 million for the relevant period of 2008, posting an increase of 32,3%.
  • Consolidated Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to euro 7,826 million or 16% on sales compared to euro 7,320 million for the previous corresponding period of 2008 or 14% on sales , increased by 7%.
  • Consolidated turnover decreased by 6,4% and rose to euro 48,731 million, vs euro 52,057 million in the respective period of 2008.

    Profitability of the parent company despite the turnover decline , marked a significant increase 17% with key financial results as follows:

  • Earnings After Tax rose to euro 1,114 million against euro 1,003 million for the relevant period of 2008, posting an increase of 11,1%
  • Earnings Before Interest, Tax, Depreciation and Amortization(EBITDA) amounted to euro 3,188 million or 14,2% on sales , compared to euro 3,333 million for the previous corresponding period of 2008 or 12,3% on sales , decreased by 4,4%.
  • Turnover decreased by 17,2% and amounted to euro 22,382 million for 2009, as opposed to euro 27,031 million during the previous corresponding period of 2008.

    Operating subsidiaries posted considerable financial improvement specifically those affiliates running manufacturing units in Turkey, USA, Egypt and Jordan.

    Financial Statements for the third quarter of 2009 were released on Saturday 28 November 2009. ]]> IR Department Thu, 3 Dec 2009 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=40 RESOLUTIONS OF THE GENERAL MEETING OF SHAREHOLDERS OF 06/29/2009 (06/30/2009) http://www.eurodrip.gr/anc_details.asp?anc_id=38 The Company announces that the Company's Ordinary General Meeting of Shareholders was held on Monday 29th June 2009 and was attended by 12 shareholders, either in person or by proxy, representing 30.413.432 shares out of a total 44.081.600 shares, i.e. 68,99% of the paid up share capital. The shareholders adopted the following resolutions:

  • 1. Unanimously approved the Annual Financial Statements (Corporate and Consolidated) for the year 2008 (from 01.01.2008 to 31.12.2008) and the relevant Report of the Board of Directors and the Certified Auditor's Report. Unanimously approved the discharge of the members of the Board of Directors and the Auditor from any liability for the fiscal year 2008.
  • 2. Unanimously approved the remuneration received by the members of the Board of Directors during the fiscal year 2008 and pre-approved their remuneration for the year 2009 and the 1st semester of 2010.
  • 3. Unanimously elected M. Stavros Papandonis, Reg. No. 14331, as ordinary auditor, and Ms. Dimitra Apostolakou , Reg. No 15491, as substitute auditor from the Certified Auditors Accountants Company Protypos Hellenic Auditing Company SA, Reg. No 111, and unanimously approved their fees for the year 2009.
  • 4. Unanimously approved to grant permission, in accordance with article 23, par. 1, of Codified Law 2190/20, for the participation of the Company's Board of Directors members and managers in the Boards of Directors or the management of companies not pursuing the same or similar goals.
  • 5. Unanimously elected in accordance with the Codified Law 3693/2008 the members of the Internal Control Committee as follows: Theodoros Kiakidis ,son of Theophilos , non ex. member Konstantinos Gklavas , son of Christos , non ex. member Konstantinos Gianniris , son of Ioannis , independent non ex. member
  • 6. Unanimously approved to grant permission in accordance with article 18 of the Codified Law 3556/2007 for the communication of the company with its shareholders with electronic means.
  • 7. No dividend will be distributed by the Company for the year 2008.
  • There were no other announcements or issues to be addressed ]]> IR Department Tue, 28 Jul 2009 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=38 INVITATION TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS (04/05/2009) http://www.eurodrip.gr/anc_details.asp?anc_id=37 IR Department Thu, 4 Jun 2009 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=37 Additional announcement regarding the establishment of a new affiliate. (16/03/09) http://www.eurodrip.gr/anc_details.asp?anc_id=36 IR Department Mon, 16 Mar 2009 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=36 Eurodrip SA announces the establishment of a new affiliate company under the registered name Eurodrip Peru SAC (13/3/2009) http://www.eurodrip.gr/anc_details.asp?anc_id=35 Eurodrip SA announces the establishment of a new affiliate company under the registered name Eurodrip Peru SAC with headquarters in Lima and manufacturing facility in Piura. Eurodrip SA has a majority stake of 60% in the share capital of Eurodrip Peru.


    Eurodrip Peru SAC will manufacture dripline products and trade a complete range of microirrigation systems, serving as a manufacturing hub both the domestic and other Latin American markets.

    The new manufacturing plant in Piura, starting in May 2009, is the most modern investment in Peru, employing the latest technology Peru is one of the fastest growing agricultural markets globally with significant private investments in both agricultural products and bio-crops for the production of biofuel/ethanol.

    Eurodrip is active in Peru since couple of years and provides among others integrated drip irrigation systems in Northern Peru, for big sugar cane projects that are used as raw materials for the production of ethanol.


    Eurodrip is a global producer of drip irrigation products with business interests through its own Affiliate companies in Turkey, Egypt, Jordan, USA, Mexico and Romania.

    ]]>     IR Department Fri, 13 Mar 2009 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=35     ARTICLE COMMENT (02/11/2009) http://www.eurodrip.gr/anc_details.asp?anc_id=34 ARTICLE COMMENT February 11, 2009

    With reference to the publication off Naftemporiki , dated 10/2/2009 regarding the Group Financial Results for the fiscal year 2008 and the Investment Plan for 2009 , the company clarifies that the Financial Statements for the fiscal year 2008 are not yet been verified from the Board of Directors and as a result of that the figures mentioned in the article are not sound. The company will issue a press release until 31/3/2009 immediately after the verification of the Financial Statements for the fiscal year 2008.

    Regarding the Investment Plan for 2009, in new production lines, the company will also issue a relative announcement when it is fully determined.

    For further information, please contact: +30 22620 54800 ]]> IR Department Wed, 11 Feb 2009 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=34 LISTING OF SHARES FROM SHARE CAPITAL INCREASE FOLLOWING THE EXERCISE OF STOCK OPTION RIGHTS (12/19/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=33 LISTING OF SHARES FROM SHARE CAPITAL INCREASE FOLLOWING THE EXERCISE OF STOCK OPTION RIGHTS December 19, 2008

    The Company EURODRIP SA hereby announces that as of Wednesday 24.12.2008, 133.000 new common registered shares, which resulted from the recent increase in its share capital by Euro 79.800,00 following the exercise of stock option rights by the Company employees and management amounting to a total of eighteen (18) persons, will start trading on the Athens Exchange (ATHEX), at a nominal value of Euro 0,6 each, in accordance with the resolutions adopted on 13.07.2007 by the Repeat General Meeting of Shareholders and on 17.11.2008 by the Board of Directors respectively. This increase, which does not constitute a direct amendment of the Articles of Association, was certified by the Company’s BoD on 2-12-2008, following the resolutions of the above General Meeting, and was recorded in the Official Register of Sociétés Anonymes with the relevant announcement No K2-15069. The ATHEX Board of Directors during its meeting on 18.12.2008 approved the listing of the aforementioned 133.000 new common registered shares of the Company. In accordance with the decision of the Company’s BoD, the trading of these new shares will start on the Athens Exchange on Wednesday 24-12-2008. As from that date, the opening price of Eurodrip SA shares will be set in accordance with the ATHEX Regulation and the new shares will be credited to the investor and securities accounts that eligible participants hold with the Dematerialized Securities System (DSS). A relevant document provides shareholders with further information. This document is available as from 21.11.2008 in printed form or online at the company's website. Shareholders can also contact the Investor Relation Department (tel. 22620-54800 Mrs. Chamakou Marianna).

    For further information, please contact: +30 22620 54800 ]]> IR Department Fri, 19 Dec 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=33 NOTIFICATION OF CHANGE IN SHAREHOLDER'S PARTICIPATION PERCENTAGE (12/18/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=32
    NOTIFICATION OF CHANGE IN SHAREHOLDER'S PARTICIPATION PERCENTAGE
    December 18, 2008

    EURODRIP SA informs as required under L.3556/2007, according to relevant notification that we received December 17, 2008 from the shareholder AQUANOVA INTERNATIONAL HOLDING BV (obligated person) that there has been an aiteration in the percentage of voting rights possessed by AQUANOVA INTERNATIONAL HOLDING BV in our Company from 50,678% to 53,74% due to transactions that took place accumulatively from the beginning of the year. Date of the transaction on which the percentage of voting rights crosses the threshold of plus 3%: December 12 , 2008


    For further information, please contact: +30 22620 54800

    ]]>     IR Department Thu, 18 Dec 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=32     DOCUMENT FOR THE PROVISION OF INFORMATION UNDER LAW 3401/2005 (ART. 4 PAR. 2F) REGARDING THE ADMISSION TO TRADING ON THE ATHENS EXCHANGE OF EURODRIP SA SHARES IN THE FRAMEWORK OF THE IMPLEMENTATION OF ITS STOCK OPTION PLAN (12/12/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=31
    DOCUMENT FOR THE PROVISION OF INFORMATION UNDER LAW 3401/2005 (ART. 4 PAR. 2F) REGARDING THE ADMISSION TO TRADING ON THE ATHENS EXCHANGE OF EURODRIP SA SHARES IN THE FRAMEWORK OF THE IMPLEMENTATION OF ITS STOCK OPTION PLAN
    December 12, 2008

    Click here to view the press release in pdf format



    For further information, please contact: +30 22620 54800

    ]]>     IR Department Fri, 12 Dec 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=31     FINANCIAL RESULTS Q3 2008 (11/28/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=30
    FINANCIAL RESULTS Q3 2008.
    November 28, 2008

    Eurodrip Group announces its financial results for the nine month period of 2008. The key financial figures that marked a significant increase compared to the corresponding last year period of 2007, are as follows:

    Consolidated Earnings After Tax and Minorities rose to euro 2.4 million against euro 1.8 million for the relevant nine month period of 2007, posting an increase of 37%.

    Consolidated Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to euro 7.3 million for the period in question, compared to euro 5.1 million for the previous corresponding period of 2007, increased by 44%.

    Consolidated turnover increased by 33% and rose to euro 52.1 million, vs euro 39.2 million in the respective nine month period of 2007. The financial figures of the parent company that marked a significant increase as well, are as follows:

    Earnings After Tax rose to euro 1.0 million against euro 0.85 million for the relevant nine month period of 2007, representing an increase of 18%.

    Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) amounted to euro 3.3 million, compared to euro 2.2 million for the previous corresponding period of 2007, posting an increase of 55%.

    Turnover increased by 35% and amounted to euro 27 million for the nine month period of 2008, as opposed to euro 20.0 million during the previous corresponding period of 2007.

    Ôhe Financial Statements will be released on Saturday 29 of November .



    For further information, please contact: +30 22620 54800

    ]]>     IR Department Fri, 28 Nov 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=30     CHANGE OF COMPANY HEADQUARTERS (10/22/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=28 CHANGE OF COMPANY HEADQUARTERS October 22, 2008

    Eurodrip S.A. announces that, pursuant to the Ministry of Development decision number Ê2-12921, the transfer of the company headquarters to 143, Paraschou str., Post Code 11475, Athens, Greece, has been approved, as well as the corresponding amendment of Article 2 of the Incorporation Charter of the company, according to decision dated June 30th, 2008 of the Extra-Ordinary General Assembly of its Shareholders, as follows: Article 2 1. The Municipality of Athens is designated as the headquarters of the company, where the latter is contested for any dispute. The remaining paragraphs of Article 2 of the Incorporation Charter remain unchanged

    For further information, please contact: +30 22620 54800 ]]> IR Department Wed, 22 Oct 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=28 COMPANY NOTIFICATION REGARDING THE APPOINTMENT OF INTERNAL AUDITOR (10/22/2008 ) http://www.eurodrip.gr/anc_details.asp?anc_id=29
    COMPANY NOTIFICATION REGARDING THE APPOINTMENT OF INTERNAL AUDITOR
    October 22, 2008

    According to the Capital Market Commission's Decision 5/204/12.11.2000 and the obligations of the Company as they are described to the Article 4 of it, it is been announced that according the decision of Board of Directors held at 6/10/2008 the duties of internal auditor are assigned to Mr Aggelos Grigoroudis.



    For further information, please contact: +30 22620 54800

    ]]>     IR Department Wed, 22 Oct 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=29     ISSUE OF BOND LOAN (10/16/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=27 ISSUE OF BOND LOAN October 16, 2008

    Eurodrip AVEGE announces that, following the resolution of the Repeat General Meeting of Shareholders dated 13/07/2007, the Company has proceeded to the issue of a three-year non mortgage common bond loan amounting to Euro five million (€ 5.000.000), in order to refinance current short-term bank liabilities. Piraeus Bank will be responsible for the loan issue.

    For further information, please contact: +30 22620 54800 ]]> IR Department Thu, 16 Oct 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=27 REVENUE UP AT 39,4%, EAT JUMPS 115,9%!! (09/01/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=26 REVENUE UP AT 39,4%, EAT JUMPS 115,9%!!
    EURODRIP CONTINUES TO MAINTAIN ITS STEEP GROWTH     September 1, 2008

    Eurodrip has posted strong results for the first half year 2008 both at a consolidated and parent company level.

    Consolidated figures:

  • Turnover grew at 39.4% to 39,28 mln Euro from 28,18 mln Euro for H1 2007.
  • Earnings before interest, taxes, depreciation & amortization (EBITDA) increased by 65,5% from 3,7 mln Euro for H1 2007 to 6.2 mln Euro for H1 2008.
  • Earnings after taxes and minority interest increased significantly by 115,9% from 1,3 mln Euro for H1 2007 to 2.9 mln Euro for H1 2008.

    Parent Company has also announced positive figures:

  • Turnover grew at 33,6% to 20.8 mln Euro from 15.5 mln Euro for H1 2007.
  • Earnings before interest, taxes, depreciation & amortization (EBITDA) increased by 30,2% from 2,1 mln Euro for H1 2007 to 2.7 mln Euro for H1 2008.
  • Earnings after taxes increased by 16,7% from 0,9 mln Euro for H1 2007 to 1.1 mln Euro for H1 2008.

    Financial results of the Group's subsidiaries have strong revenue and profits growth.
    More than that 85% of the consolidated sales derive from markets outside Greece.

    Eurodrip will maintain the strong growth momentum during the second year half.

    The Group is implementing the 2008 investment plan of about 7,5 million Euro, aiming to improve its production capacity, enhance productivity improve cost control and introduce two new products, being better equipped to meet fierce competition in the global marketplace.



    • For further information, please contact: +30 22620 54800 ]]>     IR Department Mon, 1 Sep 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=26     EURODRIP CONTINUES TO MAINTAIN ITS STEEP GROWTH (08/20/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=25 EURODRIP CONTINUES TO MAINTAIN ITS STEEP GROWTH August 20, 2008 EURODRIP GROUP: H1 2008 FINANCIAL RESULTS (for the period 01.01.2008 - 30.06.2008)

    Revenue up at 39,4%, EAT jumps 115,9%!!

    Eurodrip continues to maintain its steep growth

    Eurodrip has posted strong results for the first half year 2008 both at a consolidated and parent company level.

    Consolidated figures:

  • Turnover grew at 39.4% to € 39,28 mln from 28,18 euros mln for H1 2007.
  • Earnings before interest, taxes, depreciation & amortization (EBITDA) increased by 65,5% from 3,7 euros mln for H1 2007 to 6.2 euros mln for H1 2008.
  • Earnings after taxes and minority interest increased significantly by 115,9% from 1,3 euros mln for H1 2007 to 2.9 euros mln for H1 2008.

    Parent Company has also affirmed positive figures:

  • Turnover grew at 33,6% to 20.8 euros mln from 15.5 euros mln for H1 2007.
  • Earnings before interest, taxes, depreciation & amortization (EBITDA) increased by 30,2% from 2,1 euros mln for H1 2007 to 2.7 euros mln for H1 2008.
  • Earnings after taxes increased by 16,7% from 0,9 euros mln for H1 2007 to 1.1 euros mln for H1 2008

    Financial results of the Group’s subsidiaries have strong revenue and profits growth. More than that 85% of the consolidated sales derive from markets outside Greece.

    Eurodrip will maintain the strong growth momentum during the second year half.

    The Group is implementing the 2008 investment plan of about 7,5 million Euro, aiming to improve its production capacity, enhance productivity improve cost control and introduce two new products, being better equipped to meet fierce competition in the global marketplace.



    • For further information, please contact: +30 22620 54800 ]]>     IR Department Wed, 20 Aug 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=25     RESOLUTIONS OF THE EXTRAORDINARY GENERAL MEETING OF 24/07/08 (07/25/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=24 RESOLUTIONS OF THE EXTRAORDINARY GENERAL MEETING OF 24/07/08 July 25, 2008

    The Company announces that the Extraordinary General Meeting of Shareholders was held on 24/07/2008, and was attended by 5 shareholders, either in person or by proxy, representing 29.053.621 common nominal shares out of a total 43.948.600 shares, i.e. 66,11% of the paid up share capital. The shareholders unanimously approved the following:

    A) The increase of the number of BoD members from seven to nine.

    B) The election of the new Board of Directors which was formed into a body during its 1st meeting on 24/7/2008, as follows:

    1. Theodoros Kiakidis, son of Theophilos, President, non-ex. member.

    2. Michael Panagis, son of Neoklitos, Vice-president and CEO, ex. member.

    3. Aggelos Plakopitas, son of Nikolaos, non-ex. member.

    4. Konstantinos Gklavas, son of Hristos, non-ex. member.

    5. Konstantinos Gianniris, son of Ioannis, independent non-ex. member.

    6. Menelaos Tassopoulos, son of Athanasios, independent non-ex. member.

    7. Eva Paraskevopoulou, non-ex. member.

    8. Mavroidis Aggelopoulos, son of Stylianos, non-ex. member.

    9. Dimitris Pazaitis, son of Ioannis, non-ex. member.

    The members of the above Board of Directors were elected for a three-year term ending on 23.7.2011. However, in accordance with the provisions of law and the Company's Articles of Association, this term may be extended until the next General Meeting and to four years the most. There were no other announcements or issues to be addressed. ]]> IR Department Fri, 25 Jul 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=24 INVITATION TO THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON 24/07/2008 (07/02/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=23 INVITATION TO THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON 24/07/2008 July 2, 2008

    By decision of the Company's Board of Directors, and in accordance with the provisions of law and the Company's Articles of Association, the Shareholders of Eurodrip AVEGE are invited to the Company's Extraordinary General Meeting to be held on Thursday 24th of July 2008, at 4.00 pm, at 143, Parashou str., Athens, 6th floor, with the following agenda:

    1. Increase of the number of BoD members to nine (9).

    2. Election of the Company's new BoD. Shareholders wishing to attend the Extraordinary General Meeting, either in person or by proxy, must block all or part of their shares via their Operator on the Dematerialized Securities System (DSS), and receive a relevant blocking certificate.

    In case the shares are registered in the Special D.S.S Account, Shareholders must block them on Hellenic Exchanges SA (formerly Central Securities Depository), 110, Athinon av., and submit the relevant blocking certificate along with any other representation documents at the Company, at least five (5) full days prior to the above date set for the General Meeting, that is until Friday 18/07/2008.

    Shareholders may also submit the share blocking certificates at the Deposit and Loan Fund or any other Bank in Greece, by presenting the receipt delivered at the Company, within the same deadline, i.e. 18/07/2008.

    For further information, please contact: +30 22620 54800 ]]> IR Department Wed, 2 Jul 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=23 RESOLUTIONS OF THE GENERAL MEETING OF SHAREHOLDERS OF 30/6/2008 (06/30/2008 ) http://www.eurodrip.gr/anc_details.asp?anc_id=22 RESOLUTIONS OF THE GENERAL MEETING OF SHAREHOLDERS OF 30/6/2008 June 30, 2008

    The Company announces that the Company's Ordinary General Meeting of Shareholders was held on Monday 30th June 2008 and was attended by 38 shareholders, either in person or by proxy, representing 29.422.479 shares out of a total 43.948.600 shares, i.e. 66,9475% of the paid up share capital. The shareholders adopted the following resolutions:

    1. Unanimously approved the Annual Financial Statements (Corporate and Consolidated) for the year 2007 (from 01.01.2007 to 31.12.2007) and the relevant Report of the Board of Directors and the Certified Auditor's Report. Unanimously approved the discharge of the members of the Board of Directors and the Auditor from any liability for damages for the fiscal year 2007.

    2. Unanimously approved the remuneration received by the members of the Board of Directors during the fiscal year 2007 and pre-approved their remuneration for the year 2008 and the 1st semester of 2009.

    3. Unanimously elected M. Stavros Papandonis, Reg. No. 14331, as ordinary auditor, and M. Georgios Batsoulis, Reg. No 14001, as substitute auditor from the Certified Auditors Accountants Company Protypos Hellenic Auditing Company SA, Reg. No 111, and unanimously approved their fees for the year 2008.

    4. Unanimously approved to grant permission, in accordance with article 23, par. 1, of Codified Law 2190/20, for the participation of the Company's Board of Directors members and managers in the Boards of Directors or the management of companies pursuing the same or similar goals.

    5. Unanimously approved the modification of a share allocation plan for BoD members, the company’s staff and the Group companies, as well as for persons constantly providing services to the Company and its related companies in accordance with art. 42, par. 5, under the form of a stock option plan established by virtue of the Company's Shareholders General Meeting resolution dated 13/7/2007 (Stock Option Plan)

    6. Unanimously approved the acquisition, through the Athens Stock Exchange, of the Company's own shares, in accordance with art. 16, par. 1 & 3, of Law 2190/1920, amounting up to 550.000 shares for the period 1/7/2008 - 31/5/2009, with a maximum price of Euros 3 per share and a minimum price equal to the share's nominal value, i.e. Euros 0,60 per share, aiming at their allocation through the aforementioned Stock Option Plan.

    7. Unanimously approved the amendment and codification of the Articles of Association, and in particular a) of article 2 because of the transfer of the Company's seat b) the adaptation of article 5 because of the exercise of stock option rights during the years 2006 and 2007 c) of articles 6, 7, 10 to 41, as well as of any other relevant provision of the Articles of Association aimed at their harmonization with the provisions of Codified Law 2190/1920 Regarding Sociétés Anonymes and other provisions, as amended by Law 3604/2007, and the adoption for functionality purposes of soft law provisions.

    8. No dividend will be distributed by the Company for the year 2007. There were no other announcements or issues to be addressed.

    For further information, please contact: +30 22620 54800 ]]> IR Department Mon, 30 Jun 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=22 INIVITATION TO THE COMPANY'S GENERAL MEETING (06/06/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=21 INIVITATION TO THE COMPANY'S GENERAL MEETING June 6, 2008

    By decision of the Company's Board of Directors and in accordance with the provisions of law and the Company's Articles of Association, the Company's shareholders are invited to the Annual Ordinary General Meeting to be held in Athens, on Monday 30th June 2008, at 11:30 am, at PARK Hotel - 10, Alexandras avenue.

    In the event that the required quorum for all or part of the issues of the agenda is not met, the Board of Directors by virtue of the present invitation invites the shareholders to the 1st Repeat General Meeting, on Monday, 14th July 2008, at 11:30 am in Athens, at PARK Hotel - 10, Alexandras avenue.

    AGENDA

    1. Submission and approval of the annual financial statements, both corporate and consolidated, for the year 2007 as well as of the relevant reports of the Board of Directors and the Certified Auditors. Discharge of the BoD members and the Auditors from any liability for damages for the fiscal year 2007.

    2. Election of the ordinary and substitute certified accountants-auditors to audit the year 2008 and fixing of their fee.

    3. Approval of compensation, remuneration and expenses paid to the members of the Board of Directors for the fiscal year 2007, and pre-approval for the period 1.1.2008 - 30.6.2009.

    4. Grant of permission, in accordance with article 23, par. 1, of Codified Law 2190/20, for the participation of the Company’s Board of Directors members and managers in the Boards of Directors or the management of the Group’s companies, as well as in the Boards of Directors or the management of companies pursuing the same or similar goals.

    5. Modification of the share allocation plan for BoD members, the Company’s staff and the Group companies, as well as for persons constantly providing services to the Company and its related companies, in accordance with article 42e, par. 5, under the form of a stock option plan established by virtue of the Company's Shareholders General Meeting resolution dated 13/7/2007 (Stock Option Plan).

    6. Approval of acquisition through the Athens Stock Exchange, of the Company's own shares, in accordance with art. 16, par. 1 & 3, of Law 2190/1920, aiming at their allocation to the members of the Board of Directors, the Company's staff and the Group companies, as well as to persons constantly providing services to the Company and its related companies, in accordance with article 42e, par. 5.

    7. Amendment, adaptation and codification of the Company's Articles of Association, and in particular:

    a) Amendment of article 2 because of the transfer of the Company's seat to the Municipality of Athens.

    b) Adaptation of article 5, because of the exercise of stock option rights during the years 2006 and 2007.

    c) Amendment of the Articles of Association aimed at their

    harmonization with the provisions of Codified Law 2190/1920 "Regarding Sociétés Anonymes and other provisions", as amended by Law 3604/2007, and adoption for functionality purposes of soft law provisions. Amendment in particular of articles 6, 7, 10 to 41, as well as of any other relevant provision of the Company's Articles of Association.

    8. Other issues - Announcements.

    Shareholders wishing to attend the Ordinary General Meeting, either in person or by proxy, must block all or part of their shares via their Operator on the Dematerialized Securities System (DSS), and receive a relevant blocking certificate. In case the shares are registered in the Special D.S.S Account, Shareholders must block them on Hellenic Exchanges SA (formerly Central Securities Depository), 110, Athinon av., and submit the relevant blocking certificate along with any other representation documents at the Company, at least five (5) full days prior to the above date of the Ordinary General Meeting, that is until Tuesday 24/06/2008.

    Shareholders may also deposit the share blocking certificates at the Deposit and Loan Fund or any other Bank in Greece, by presenting the receipt delivered at the Company, within the same deadline, that is until 24/06/2008. In case a 1st Repeat General Meeting is convened in order to decide on issues of the agenda, Shareholders should block their shares as mentioned above and submit their blocking certificates and any other representation documents at the Company, at least 5 (five) full days prior to the above date of the 1st Repeat General Meeting, that is until Tuesday 08/07/2008. Agia Paraskevi, 7/5/2008 The Board of Directors



    For further information, please contact: +30 22620 54800 ]]>     IR Department Fri, 6 Jun 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=21     ANNOUNCEMENT OF IMPORTANT ISSUES (05/30/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=20 ANNOUNCEMENT OF IMPORTANT ISSUES May 30, 2008

    Eurodrip SA informs the investors that, in compliance with decision No 6/448/11.10.2207 of the Board of Directors of the Hellenic Capital Market Commission:

    A) There are no pending litigations or cases under arbitration by courts or arbitration authorities that may have a significant impact on the financial position or the operation of the Company. No provision has been made until 31/3/2008 for the Group and the Company.

    B) Provision for the fiscal years not audited by the tax authorities until 31/3/2008 amounts to Euro 80.000 for the Group and Euro 20.000 for the Company.

    C) Other provisions made until 31/3/2008 amount to Euro 248.690,90 for the Group and Euro 0,00 for the Company.

    D) The financial statements prepared in accordance with decision No 6/448/11.10.2207 of the Board of Directors of the Hellenic Capital Market Commission are posted on the Company’s website, at:
    www.eurodrip.com

    For further information, please contact: +30 22620 54800 ]]> IR Department Fri, 30 May 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=20 CLARIFICATION REGARDING THRESHOLDS OF ARTICLE 9 LAW 3556/2007 (05/23/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=19
    CLARIFICATION REGARDING THRESHOLDS OF ARTICLE 9 LAW 3556/2007
    May 23, 2008 The company EURODRIP S.A. informs the investors that, within the scope of obligations imposed by Law 3556/2007 in combination with Circular nr.32 of the Hellenic Capital Market Commission regarding the function of common investment accounts and clarifications about the implementation of decision 3/403/8.11.2006 of the Hellenic Capital Market Commission, for the calculation of the thresholds provided by paragraph 1 of article 9 of Law 3556/2007, each liable person, who is a joint owner together with third parties of a common investment account, is obliged to add the voting rights which are embodied in securities in his/her individual investment account together with the voting rights that correspond to securities that are included in the common investment account of which he/she is a joint owner.

    The same obligation pursuant to Law 3556/2007 applies to all the other joint owners of the common investment account, given that such persons are the joint owners of the total of the securities held in the common investment account.



    For further information, please contact: +30 22620 54800

    ]]>     IR Department Fri, 23 May 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=19     ANNUAL REPORT 2007 (05/21/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=18 ANNUAL REPORT 2007 May 21, 2008

    Eurodrip SA announces that the Annual Report for the year 2007, which was prepared in accordance with the provisions of decision No 7/372/15.2.2006 of the Hellenic Capital Market Commission, is available in hard copy at the Company premises, 55th km National Road Athinon-Lamias, and in electronic form on the Company’s website:

    www.eurodrip.com. Further information can be obtained from the company’s Shareholders Service Department, tel. 22620 54800.

    For further information, please contact: +30 22620 54800 ]]> IR Department Sun, 11 May 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=18 SIGNIFICANT GROWTH IN SALES AND EBITDA DURING THE FIRST QUARTER OF 2008 (05/09/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=17
    SIGNIFICANT GROWTH IN SALES AND EBITDA DURING THE FIRST QUARTER OF 2008
    May 9, 2008 Eurodrip SA announces the financial results for the first quarter of 2008. In more detail the basic financial figures have been developed as:

  • Consolidated earnings after taxes minority interest 1 million Euros in contrast of 0,63 million Euros during the same quarter last year. Increased by 58,5%
  • Consolidated earnings before interest, taxes, depreciation & amortization (EBITDA) 2,33 million Euros in contrast of 1,57 million Euros during the same quarter last year. Increased by 47,5%
  • Consolidated turnover 19,36 million Euros in contrast of 12,60 million Euros during the same quarter last year. Increased by 53,6%.

    The financial figures of the parent company displayed equal impressive incensement during the first quarter of 2008 and have been developed as:

  • Earnings after taxes 0,46 million Euros in contrast of 0,26 million Euros during the same quarter last year. Increased by 26,8%
  • Earnings before interest, taxes, depreciation & amortization (EBITDA) 1,09 million Euros in contrast of 0,86 million Euros during the same quarter last year. Increased by 26,1%
  • Turnover 9,52 million Euros in contrast of 6,68 million Euros during the same quarter last year. Increased by 42,6%.

    The financial statements of the first quarter will be released on Saturday 10 of May at 'Naftermporiki' and 'Kathimerini' newspapers.



    • For further information, please contact: +30 22620 54800

    ]]>     IR Department Fri, 9 May 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=17     ANNOUNCEMENT ABOUT FINANCIAL / ACCOUNTING STATEMENTS (04/11/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=16 ANNOUNCEMENT ABOUT FINANCIAL / ACCOUNTING STATEMENTS April 11, 2008

    As specified by the Hellenic Capital Market Commission, the Company informs the investors that:

    In March 2008, Eurodrip Traiding (CIS) Ltd, a fully owned subsidiary company of Eurodrip SA, has submitted a liquidation application for Agriproject SRL, of which the company holds 85 per cent. As a result, Agriproject SRL may only recover claims, and can no longer conduct trading activities.

    Therefore, in order to better inform the investors, even though this is not required by IFRS 5, it was considered timely to present the results of this company in a separate column, as discontinued operations for the year 2007 and, consequently, for the comparative results of 2006.

    The Company also informs the public that the financial statements for the year 2007 are completed as regards the notes 8 cash and cash equivalents, 17 liabilities to personnel and 19 related party transactions, and are posted on the Company's website, at www.eurodrip.gr. These completed notes were approved by the BoD on 9/4/2008.

    For further information, please contact: +30 22620 54800 ]]> IR Department Fri, 11 Apr 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=16 ARTICLE COMMENT (04/09/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=15 ARTICLE COMMENT April 9, 2008 With reference to the publication off Express, dated 9.04.2008, regarding our Company and the new production plan in Peru, the Company administration clarifies that according the development strategy it has been announced, variety of different development plans are been EXAMINED and among them the possible association with Latin America. At present these plans are under research, in case of any further developments the company, as it is obliged will issue a detailed press release to the shareholders, investors and to any authorities involved.

    For further information, please contact: +30 22620 54800 ]]>     IR Department Wed, 9 Apr 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=15     COMPANY NOTIFICATION FOR 2008 THE DUTIES OF INVESTOR RELATIONS AND CORPORATE ANNOUNCEMENTS OFFICER (03/11/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=14
    COMPANY NOTIFICATION FOR 2008 THE DUTIES OF INVESTOR RELATIONS AND CORPORATE ANNOUNCEMENTS OFFICER
    March 11, 2008 According to the Capital Market Commission’s Decision 5/204/12.11.2000 the Company notifies that from March 11, 2008 the duties of investor relations and corporate announcements officer are assigned to Mrs. Maria Hamakou.


    For further information, please contact: +30 22620 54800

    ]]>     IR Department Tue, 11 Mar 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=14     COMMENTS ON 'NAFTEMPORIKI' PUBLICATION (03/05/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=13 COMMENTS ON 'NAFTEMPORIKI' PUBLICATION March 5, 2008 According to the publication of 'Naftemporiki' at 05/03/2007 according to the financial results of the Eurodrip SA for 2007 and the distribution or not dividend of shares, it announces that the financial statements are not yet been verified from the board of directors. As a result the publication’s figures are not sound. With the solidification of the financial statements of fiscal year 2007 the company will issue a press release until 31/2/2007.

    For further information, please contact: +30 22620 54800 ]]>     IR Department Wed, 5 Mar 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=13     STATUTORY TAX AUDIT FOR THE FISCAL YEARS 2005, 2006 HAS BEEN COMPLETED (02/12/2008) http://www.eurodrip.gr/anc_details.asp?anc_id=12
    STATUTORY TAX AUDIT FOR THE FISCAL YEARS 2005 & 2006 HAS BEEN COMPLETED
    February 12, 2008 According to the Regulation of the Athens Exchange (article 276) and the article 10 par. 1 of the 3340/2005 Law Eurodrip SA announces the completion of the statutory tax audit for the fiscal years 2005 & 2006. According to the tax audit outcome the company is not obliged to any income tax payments.


    For further information, please contact: +30 22620 54800

    ]]>     IR Department Tue, 12 Feb 2008 00:00:00 GMT http://www.eurodrip.gr/anc_details.asp?anc_id=12