Company sales of Rilken S.A. in financial year 2007 amounted to 39.532 T euros, an increase by 70% compared to the previous year, which is mainly owed to the transfer of Henkel Hellas S.A. cosmetics business to Rilken S.A.
Gross profit increased by 58,3% and amounted to 23.476 T euros versus 14.831 T euros in 2006. This change in absolute terms is related to the above-mentioned alteration of the collaboration approach between Henkel and Rilken, whereas its decrease as a percentage of sales (from 63,8% in 2006 to 59,4% in 2007) is mainly due to the product mix differentiation. The change in the collaboration approach between Henkel Hellas and Rilken caused changes in other operating income (decrease by 77,5% in 2007) as well as in expenses for administration, R&D and distribution (increase by 29% in 2007).
Earnings before interest and taxes (EBIT) in 2007 increased by 61% and amounted to 504 T euros versus 313 T euros in the previous year, while earnings after taxes (EAT) amounted to 100 T euros compared to a loss of 667 T euros in 2006.
For the first time Rilken does not publish financial statements for Rilken Group as its two subsidiaries have been already liquidated (ZAO Rilken Moscow) or are in the final phase of liquidation (Schwarzkopf & Rilken Hellas S.A.) and because of the immateriality there are no effects on Rilken?s financial results.
The 2007 financial statements have been posted on the company?s website www.rilken.gr
Rilken S.Α. is an Athens based manufacturer and marketer of cosmetics, specialized in hair care products. 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.