PRESS RELEASE
Sarantis Group presented today in the Association of Greek Institutional Investors (A.G.I.I.), its strategy for the next 3-years period, 2007 – 2009, as well as the Management’s financial forecasts. The presentation was conducted by the Group’s Chief Financial Officer, Mr. Konstantinos Rozakeas, and Assistant General Director, Mr Nikos Evangelou.
The strategic pillars for the next three years are the Group’s organic and geographic expansion. As Mr. K. Rozakeas stated, the Group’s objective lies within the own product portfolio emphasis, as well as within the strengthening of its positioning in the Eastern and Southeastern European Markets.
The Group’s organic expansion will be realized by further investing in the four product pillars: the fragrances and cosmetics, the household products, the health & care products and the strategic alliances. With respect to the geographic expansion the focus is placed in the establishment in the developing countries, namely, Poland, Romania, Bulgaria, Serbia, the Czech Rep and FYROM, as well as in the further penetration in Russia, Ukraine, Turkey and Hungary. Furthermore the market share enhancement, the brand strengthening and the distribution development form aspects of the organic expansion.
With regard to Management’s forecasts for the 3-years period, 2007-2009, the following table presents the relevant financial highlights:
Specifically, according to the Management’s estimates, turnover will reach EUR 250 million by the end of 2007, versus EUR 223.18 million in the end of 2006.
According to the same plan, turnover will amount to EUR 282.50 million in 2008 and EUR 322 million in 2009.
Moreover, EBITDA will settle at EUR 36.50 million in 2007, EUR 43.45 million in 2008 and EUR 50.90 million in 2009. It is reminded that EBITDA stood at EUR 33,44 million in 2006. It should be noted that the guidance includes the change in the penetration method in the new countries.
During the presentation, Mr. K. Rozakeas and Mr. N. Evangelou analyzed the financial results of 2006.
The presentation can be found in the company’s site http://ir.sarantis.gr as well as in the Athens Stock Exchange site.
Contact
SARANTIS Group
26, Amaroussiou - Halandriou Street
151 25 Maroussi, Athens, Greece
Tel: +30 210 6173000
Fax: +30 210 6197081
e-mail: group-info@sarantisgroup.com
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