Provimi Reports Strong FH2008 Results
The Provimi Group published its consolidated results for the first six months of the year today. Here's a brief summary of what the figures had to say:
Sales increased by 21.3% to EUR 1,095.6 million, which was largely due to higher sales prices resulting from increased raw material costs. The net impact of acquisitions and divestments was EUR 8.4 million negative, while unfavourable exchange rates had a negative effect of EUR 8.8 million. On a like-for-like basis, sales growth was 23.2%.
Profit from operations before other operating income/expenses increased by EUR 8.4 million to EUR 56.0 million despite margin pressures and thanks to good cost control. The Group benefited from the centralised purchasing that it started two years ago. Exchange rates had a negative effect of EUR 1.0 million. On a like-for-like basis, profit from operations increased by 18.1% over the period.
Sales increased by 21.3% to EUR 1,095.6 million, which was largely due to higher sales prices resulting from increased raw material costs. The net impact of acquisitions and divestments was EUR 8.4 million negative, while unfavourable exchange rates had a negative effect of EUR 8.8 million. On a like-for-like basis, sales growth was 23.2%.
Profit from operations before other operating income/expenses increased by EUR 8.4 million to EUR 56.0 million despite margin pressures and thanks to good cost control. The Group benefited from the centralised purchasing that it started two years ago. Exchange rates had a negative effect of EUR 1.0 million. On a like-for-like basis, profit from operations increased by 18.1% over the period.