Sarantis earnings double amid retail development

Sarantis Romania, the local representative of the Greek cosmetics distributor Sarantis, posted an 8.94 million-euro turnover in the first quarter of the year, up 33.63% against the same period in 2006. At the same time EBIT (earnings before interest and taxes) increased 118.4%, to 1.2 million euros, according to the company’s quarterly report. “The turnover increase in the first quarter was generated by internal factors, such as new marketing campaigns and product launches, as well as to external factors – the development of modern retail and the increase in consumption,” say representatives of Sarantis Romania. The Romanian-based subsidiary of the Greek group, which is among its most dynamic subsidiaries accounted for a 16.4% share in Sarantis’ total sales, as compared with 13.7% in the same period of 2006.