The adverse conditions in the economic environment are expected to be continued throughout 2012 as well. The management focuses on aligning the cost structure with the expected revenues, and adjusts the product portfolio with the consumer trends. The management remains dedicated to its policy, for sound capital structure, low net debt, containment of operating cost and in general for efficient management of working capital, with the objective to further enhance the Group’s financial position.
The Management remains focused on its strategic pillars of growth that consist of organic growth of the core business activities and emphasis on Sarantis own brands portfolio; increase of the existing market shares; continuous examination of the situation in the economies of the Group’s foreign countries and modification of the business where deemed necessary according to the market conditions; and finally emphasis on the examination of possible new acquisition targets, as long as market share, profitability and cost structure allow for synergies.
The Management’s guidance with regards to the Group’s financial performance in 2012 is shown in the following table:
Click on the table to see in large
NOTES:
* 2007 Financial Results as exhibited do not include the capital gains from the sale of the company’s participation in K.P. MARINOPOULOS S.A
** 2010 Financial Results as exchibited do not include the capital losses from sale of the of the company’s participation in K. Theodorides S.A.
*** excl. one-off Tax.
Specifically, according to the Management’s estimates, turnover will reach €236.00 mil. by the end of 2012, versus €221.29mil. in the end of 2011.
EBITDA is expected to increase into 2012 to €20.00 mil. from €19.63 million in 2011.
EBIT is estimated to reach €16.00 mil. in 2012 from €15.77 mil. in 2011, while the related EBT is expected to reach €13.00 mil into 2012. from €12.65 mil in 2011.
Finally, EAT and EATAM are expected to settle at €10.40 mil. in 2012, from €9.74 mil in 2011.
The Group’s presentation to the Hellenic Fund and Asset Management Association has been posted in the Company’s website: http://ir.sarantis.gr/en-us/presentations/sarantis-presentation.