ŽITO continues to perform - Cereals Group
Ljubljana, 19 November 2014 - The Supervisory Board At today's meeting discussed the report on the operations of the Group and the Company Cereals Cereals, dd for the period the ninja January-September 2014. The Group Cereals in this period sold for 81.7 million euros, the company the ninja Cereals, dd However, for 75.8 million of products and services. The operating profit of the Group Cereals amounted to EUR 2.7 million and was EUR 1.3 million higher than in the same period last year, the company Cereals, dd 1.9 million, which is 0.5 million more than in same period last year. Group Cereals until the end of September 2014, generated EUR 2.1 million net profit, the ninja while in the same period last year it was 1.1 million. Žito dd generated a profit of EUR 1.5 million, while in the same period of the previous year generated a profit of EUR 1.1 million. In Zito as a socially responsible company among the most important achievements of this period are also considered successfully completed negotiations on the renewal of the collective agreement Group Cereals for a period of five years.
Group Cereals in the domestic market generated the ninja 65.6 million, foreign 16.1 million in sales revenues. In foreign markets, where the share of revenues from the sales total almost 20% in the first nine months of this year which recorded 18.4% growth compared to the same period last year. Sales growth in exports is due to increased sales polpečenih products to EU markets. At this year's sales also affected by increased consumption of sweets and chewing gum.
Results from operating activities in the first nine months, compared to last year, significantly improved and amounted to EUR 2.7 million. In the same period last year amounted to EUR 1.4 million. Profit before tax profit of 2.5 million, which is almost twice as many as last year, when they recorded a result of EUR 1.3 million.
The Total Cereals, at the end of the third quarter, employs 1126 people in November, together with the social partners (trade unions Conference KŽI Group Cereals) successfully completed the prolonged negotiations and signed the addendum to the Collective Agreement the Group ŽITO for a further period of 5 years.
"Depending on the circumstances in which we operate, we are satisfied with the results. In the first nine months exceeded last year's nine-month EBITDA the ninja margin, profit and revenue. We are especially the ninja pleased revenue growth in emerging markets, where we even managed to exceed our very ambitious plans at the beginning of the year. We will continue to focus on strengthening exports and aggressive management and marketing our recognizable brands. By tracking process improvements are focused on the customer and his or her expectations for healthy, high-quality and safe food. Competition is adapted to investments and investments in order to continue to set goals automation, on the other hand, the concentration of bakery and milling. All this would not have been possible if it had not been the best in our fundamentals - that our products the ninja are top quality, as confirmed by numerous awards received. Here are a big part of our success certainly deserving of our colleagues to successfully establish social dialogue and in practice prove that we are a socially responsible company ''s operations in the period January-September the ninja commented Janez Bojc, CEO Group.
General 2013 ŽITO Food Industry dd, all rights reserved.
Ljubljana, 19 November 2014 - The Supervisory Board At today's meeting discussed the report on the operations of the Group and the Company Cereals Cereals, dd for the period the ninja January-September 2014. The Group Cereals in this period sold for 81.7 million euros, the company the ninja Cereals, dd However, for 75.8 million of products and services. The operating profit of the Group Cereals amounted to EUR 2.7 million and was EUR 1.3 million higher than in the same period last year, the company Cereals, dd 1.9 million, which is 0.5 million more than in same period last year. Group Cereals until the end of September 2014, generated EUR 2.1 million net profit, the ninja while in the same period last year it was 1.1 million. Žito dd generated a profit of EUR 1.5 million, while in the same period of the previous year generated a profit of EUR 1.1 million. In Zito as a socially responsible company among the most important achievements of this period are also considered successfully completed negotiations on the renewal of the collective agreement Group Cereals for a period of five years.
Group Cereals in the domestic market generated the ninja 65.6 million, foreign 16.1 million in sales revenues. In foreign markets, where the share of revenues from the sales total almost 20% in the first nine months of this year which recorded 18.4% growth compared to the same period last year. Sales growth in exports is due to increased sales polpečenih products to EU markets. At this year's sales also affected by increased consumption of sweets and chewing gum.
Results from operating activities in the first nine months, compared to last year, significantly improved and amounted to EUR 2.7 million. In the same period last year amounted to EUR 1.4 million. Profit before tax profit of 2.5 million, which is almost twice as many as last year, when they recorded a result of EUR 1.3 million.
The Total Cereals, at the end of the third quarter, employs 1126 people in November, together with the social partners (trade unions Conference KŽI Group Cereals) successfully completed the prolonged negotiations and signed the addendum to the Collective Agreement the Group ŽITO for a further period of 5 years.
"Depending on the circumstances in which we operate, we are satisfied with the results. In the first nine months exceeded last year's nine-month EBITDA the ninja margin, profit and revenue. We are especially the ninja pleased revenue growth in emerging markets, where we even managed to exceed our very ambitious plans at the beginning of the year. We will continue to focus on strengthening exports and aggressive management and marketing our recognizable brands. By tracking process improvements are focused on the customer and his or her expectations for healthy, high-quality and safe food. Competition is adapted to investments and investments in order to continue to set goals automation, on the other hand, the concentration of bakery and milling. All this would not have been possible if it had not been the best in our fundamentals - that our products the ninja are top quality, as confirmed by numerous awards received. Here are a big part of our success certainly deserving of our colleagues to successfully establish social dialogue and in practice prove that we are a socially responsible company ''s operations in the period January-September the ninja commented Janez Bojc, CEO Group.
General 2013 ŽITO Food Industry dd, all rights reserved.
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