Financial results 1H 2003
In particular, the EBT have been reinforced to the percentage of 36,44% and they amounted to 2,108 millions of euros, towards 1,545 millions of euros of last year. The consolidated Earnings Before Taxes mounted to millions of euros 2,169, towards 1,610 for the first semester of 2002, revealing an increase of 34,72%, also.
At the same moment, the Earnings Before Interests, Taxes and Depreciations (EBITDA) of the mother company, mounted to millions of euros 2,845 towards 2,183 for the last year , increased by 30,32%. In consolidated level, the EBITDA reached the 3,118 millions of euros towards 2,397 of the last year's same semester results, marking an increase of 30,08%.
For the examinant period, the Turnover of KRI-KRI increased for 30,98% and formed to 10,89 millions of euros, towards 8,314 millions of euros for the first semester of 2002. Parallel to that, the consolidated Sales rose to 11,678 millions of euros, towards 9,048 millions of euros for the last year, increased for 29,07%. According the management of KRI-KRI, this significant increase is due, mainly, to the production of new products of ice cream and yogurt, also to the sales network geographic extension, as well as, to the increase of the exportation activity.
More specific, the company's exports increased for 110%, as from 532.000 euros for the first semester of 2002, mounted this year to 1,120 millions of euros.