 |
Company News
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
Profitability Increase and Significantly Positive Cash Flows from Operating Activities for the Full Year 2009 - 24/3/2010
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 Groups 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.
More>>
|
|
|
|
|
|
|
AQUISITION IN USA - 24/2/2010
EURODRIP SA, subsidiary company of Global Capital Investors II, a fund managed by Global Finance Group, announces that it has acquired, through its subsidiary EURODRIP USA, Inc., 75% of DIVERSIFIED SUBSURFACE IRRIGATION, Inc. (DSI), whose head office is in Lubbock, Texas, USA and which is involved in the design, installation and commercialization of sub-surface drip irrigation systems.
More>>
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
