Loulis sales 30% higher

Milling and bakery industry producer Loulis Romania enjoyed sales of 39 million euros for the first nine months of this year, up 30% on the same period in 2003. EBITDA (earnings before taxes, interest, depreciation and amortisation) for the period stood at 3.9 million euros. The company management expects turnover to exceed 50 million euros, up from the 40.3 million euros seen last year. “The increase in turnover was due to increases in production volumes and sales. This increase was mainly seen for the industrial flour products that generate 60% of our company revenues and which grew by 109% compared with the same period last year,” said Nikolaos Voudouris, chairman of Loulis Group Romania. ZF