November 1, 2004
In the frame of continuous briefing of the investment public, the presentation of company S.D. CONSTANTINOU and SON S.A. "YALCO" took place, today Monday 01/11/2004 in Heraclion, Crete. The presentation was performed by the Financial Manager and Investor Relations Officer Mr. George Makris.
Mr. George Makris noted that the company?s main objective is the stability of its leading position.
At the same time, the Company pursues its European recognition in the sphere of activities, using the current functional model that the company used in the past for its growth in Greece.
The strategy that YALCO has followed ,concetrates on the anthropocentric orientation,its main objective is the customer?s satisfaction and the continuous improvement of output, the qualitative improvement of production and the continuous training of human resources, as well as the growth in sectors that YALCO has the know-how, but no powerful presence, such as electric appliances and seasonal products.
It is noted that the company trades more than 10.000 branded and non branded products (table and houseware, small electric appliances and catering goods). Some of the brands that Yalco trades are: Lagostina, ARC International, Giostyle, Soehnle, Walther, Fest, Leifheit, Black & Decker, Fulton, Ufesa, Dynamix, Galanz, ARC International, Bauscher, Bourgeat, De Buyer, Fasana, Global, Melform, Matfer, Pintinox, Pujadas, Schott, Simon Jersey, Tiger and Traex.
The company expects that current year?s consolidated turnover will reach the amount of Euro 50 million versus Euro 48 million presented during the fiscal period of 2003. The company?s consolidated profits will amount to Euro 2.8 million versus the amount of Euro 1.8 million presented in the corresponding period of 2003. On a parent level, turnover will reach the amount of Euro 40 million versus Euro 38.5 million presented in 2003. Finally the company?s profits will amount to Euro 2.8 million versus Euro 1.6 million presented in the corresponding period of 2003.
