In the first nine months of 2011, the company realized sales of 29,238 Τ €, an increase of 2.2% compared to the corresponding period of the previous year (1-9 2010: 28,618 T €), despite of the more unfavorable economic conditions of the local market.

Cost of goods sold increased by 4.4% compared to the nine month period of 2010, while as a percentage of sales it increased by 90 bps to 42.9% (1-9 2010: 42%). This was mainly due to the higher material prices, boosted allowances to the market as well as the product mix.

For the above mentioned reasons, gross profit increased by 0.6% to 16,695 T € (1-9 2010: 16,598 T €). As a percentage of sales, gross profit declined by 90 bps to 57.1% (1-9 2010: 58.0 %).

Operating expenses (administration and distribution) were reduced by 9.1% and amounted to 15,809 T € (1-9 2010: 17,386 T €), resulting mainly from the reduction of third party and advertising expenses, while other operating income decreased to 113 T € (1-9 2010: 176 T €). In addition, other expenses were reduced significantly by 43.9% compared to the previous year period and amounted to 635 T € (1-9 2010: 1,132 T €), mainly due to the lower provisions for bad debts.

For the above mentioned reasons, earnings before interest and taxes recorded a profit of 363 T € against a loss of 1,744 T € in the corresponding period of the previous year. Earnings before taxes recorded a profit of 358 T € against a loss of 1,746 T € and earnings after taxes recorded a profit of 127 T € versus a loss of 1,713 T € in the nine month period of 2010.

The nine month results of Rilken S.A. for 2011 will be posted on the company's website (www.rilken.gr) as well as on the Athens Stock Exchange website (www.ase.gr) today, 29.11.2011. The financial statements & information template will be published at the same date on the newspaper “IMERISIA”. 

Rilken S.Α. is a cosmetics corporation based in Moschato Attiki. The company is a member of the Henkel Group, which is the major shareholder of Rilken S.A. via its subsidiary Henkel Hellas S.A.