>>
Home / Knowledge / News / Textiles / Hellenic Fabrics turnover up during third quarter

Hellenic Fabrics turnover up during third quarter

29
Nov '08
HELLENIC FABRICS Group's turnover during the nine-month period of 2008 presented an increase of 4.1% compared to the previous year and amounted to € 63.3 mln, in comparison to € 60.8 mln of the corresponding last year period.

The parent company's turnover amounted to € 51.4 mln in comparison to € 57.1 mln of the relevant nine-month period of 2007, reduced by 10% mainly attributed to lower denim fabric sales, because of the fall of their demand in the international market. It should be noted that more than 80% of the parent company's turnover are exports. The gross profit margin of the group amounted to € 6.7 mln (10.5%), in comparison to €7.2 mln (11.9%) in the relevant last year period because it was affected by the smaller contribution of its subsidiaries.

The gross profit margin of the parent company amounted to € 5.6 mln namely a percentage of 10.8% over its turnover, whereas the nine-month period of 2007 amounted to € 6.5 mln (11.4%).

Group EBITDA amounted to € 1,004.6 thous from € 1,972.8 thous in the relevant last year period mainly affected by the parent company's EBITDA, which is reduced in comparison with the last year and amounted in the nine-month period of 2008 to € -96.4 thous from € 1,789.4 thous of the relevant last year period.

Parent company's EBITDA was negatively affected mainly by exceptional expenses amounting to € 1.5 mln due to the reduction of personnel in context with the restructuring aiming at the increase of productivity and the exceptional cost for the development of synergies between the group's spinning mills.

Group financial results before taxes amounted to € -6.5 mln from € -4.3 mln of the relevant last year period, mainly attributed to the exceptional, one-off, aforementioned expenses as well as the operating losses of its subsidiaries.

The consolidated net results after taxes and minority rights amounted to € -5,7 mln in comparison to € -3,1 mln of the relevant nine-month period of 2007, while the net results after taxes for the parent company amounted to € -4,7 mln in comparison to € -2 mln of the relevant last year period.

Throughout the nine-month period, the company continued the implementation of activities aiming at the reduction of production and distribution cost. Moreover, a partly transfer of the production and staff of the parent company's spinning mill to the facilities of its subsidiary “KLOSTIRIA KILKIS S.A.” is underway for the achievement of better economies of scale.

The company expects to gradually return to profitability in the next two years, as the recovery and restructuring programs that have already been implemented will start fully rendering while the relevant exceptional recovery expenses, which aggravated the current fiscal year will cease incurring.

HELLENIC FABRICS


Must ReadView All

Pic: Shutterstock

Textiles | On 20th May 2022

China reiterates call for tariffs cut after US official’s statement

After US treasury secretary Janet Yellen called for tariffs cuts on...

Pic: Shutterstock

Textiles | On 20th May 2022

World economy projected to grow by 3.1% in 2022: UN

The world economy is projected to grow by 3.1 per cent in 2022,...

Pic: Shutterstock

Textiles | On 20th May 2022

Lowering logistics costs key to Vietnam’s export competitiveness

Reducing logistics costs is crucial to raising competitiveness of...

Interviews View All

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Dr Anton Firth & Dr Aida Rafat,

Dr Anton Firth & Dr Aida Rafat

Founded in 2020 in London, DyeRecycle develops an innovative dyeing fibres ...

Ilan Palacci,

Ilan Palacci

France-based Ever Dye develops an innovative dyeing process combined with...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch
Glatfelter

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Prakruti Gupta Rao & Navin Rao, Brand - The Kaftan Company

Prakruti Gupta Rao & Navin Rao
Brand - The Kaftan Company

The Kaftan Company (TKC) is India’s most recognised brand for kaftans,...

Sujata & Taniya Biswas, Suta

Sujata & Taniya Biswas
Suta

Founded by <b>Sujata and Taniya Biswas</b>, Suta is a humble brand which...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Gloria Jeans
Jiangsu Yingyang Nonwoven Machinery Company Limited
Page Industries Limited (Bangalore)
Jindal Worldwide Limited
Performance Days
Rosset ;& Cia Limited
Huntsman (Singapore) Pte Ltd
Etam Group Strategy Hong Kong Limited
Midas Clothing Limited
J ;& P Coats
GIOVANNI BOZZETTO S.p.A.
Vardhman Textile Ltd
T.T. Limited
Eurofins BLC Leather Technology Centre Ltd
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Thai Acrylic Fibre Company Limited
Permoda(Koaj/Armi/Pronto/Bkul)
Grasim Industries Limited
Indo Tex
Itema Weaving (India) Private Limited
Applied DNA Sciences Inc
G-Star Raw C.V.
BRINKMANN GMBH
Tommy Hilfiger
Reiter India Private Limited
GHCL LIMITED
Woolmark Services India Pvt. Ltd.
Aquarelle Clothing Limited
H. Stoll AG & Company KG
Brandix Lanka Limited
Indofil Industries Limited - Specialty & Performance Chemicals Division
Helly Hansen Far East Ltd
Nihalani Events Management
EPCH
CSGIA(China Screen Printing & Graphic Imaging Association)
Lectra Technologies India Pvt Ltd.
Lenzing Aktiengesellschaft - India
Walmart
Flainox S.r.l.
Colours India Inc
Splash
The LYCRA Company Singapore  Pte. Ltd
TESTEX AG, Swiss Textile Testing Institute
Rayonese Textile Inc., Division de Culp Inc.
Truetzschler India Private Limited
Nandan Denim Limited
Datatex Consulting Srl
Lenzing Aktiengesellschaft
ZAITEX spa
Groz-Beckert KG
OVS Hong Kong Sourcing Ltd.
Dow Silicones Corporation
Rieter India Private Limited
USTER
Landmark Group
K AND D ITMACH EXPOSITIONS LLP
Pt. Peraga Nusantara Jaya Sakti
Puma
Green Fibre
Calvin Klein
C;&A Sourcing International Ltd
John Varvatos
International Textile Manufacturers Federation
Boardriders Asia Sourcing Limited
BTSR International S.P.A.
The LYCRA Company Singapore  Pte. Ltd
TEXVALLEY MARKET LIMITED
MAS Active / MAS Kreeda / MAS Bodyline
The Top Form Brassiere Manufacturing Company Limited
Desigual - ABASIC, S.A.
Lisa S.P.A.
Thai Trade Center
Alison Hayes Romania
Lululemon Athletica Inc
Mesdan SPA
BIANCA
EUROVET ASIA LTD
Lifestyle
Equinox Impex India
Loris Bellini S.r.l.
TESCO INTERNATIONAL SOURCING LIMITED
Under Armour Global Sourcing Ltd
Centric Software
Newtech Textile Technology Development (Shanghai) Company Limited
SYNERGIES HONG KONG LIMITED
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Shanghai  Aige Exhibition Service Co., Ltd
Chori Company Limited
Kornit Digital Asia Pacific Ltd
Copenhagen Fashion Summit
Gatsby Africa
DuPont de Nemours, Inc.,
Tuyap Tum Fuarcilik Yapim A.S.
Abit
Lottmann Communications
Infor (Hong Kong) Limited
Hela Clothing Pvt Ltd
Color Service s.r.l.
Italian Trade Commission
Seasalt Limited
Groz-Beckert East Asia LLP
Meera Dyestuff Industries
Vianney Textil Hogar S.A. De C.V.
Cat Tuong Real Estate Group Joint Stock Company
VNU Exhibitions Asia
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Bluesign Technologies Ag
Palexpo SA
COTTON COUNCIL INTERNATIONAL
G.A.S. unternehmenskommunikation gmbh
Decathlon
Weitmann & Konrad GmbH & Co. KG
Thermore (Far East) Ltd.
Kern – Liebers Textile
IIGM Private Limited
Tchibo GmbH
Haelixa AG
Varner AS Retail
Aleph Srl
Aramark Uniform ;& Career Apparel, LLC
Sportswear Company Spa
Arvind Limited
Stahl Holdings B.V.,
JES MEDIA, INC
Shima Seiki Mfg. Ltd.
PVH Corporation
X-Rite Asia Pacific Limited (HK)
Esprit Europe Services GmbH
Officina Meccanica Dora Enrico Srl
Gokaldas Exports Limited
N9 World Technologies Private Limited
Guess Europe Sagl,
NITI Aayog
THE BOMBAY DYEING ;& MFG.CO. LTD
APLF Limited
SHAHI Exports Pvt Ltd
Xtema - Thomas Lebherz Textilmaschinen
Phong Phu international JSC (PPJ)
IDH – The Sustainable Trade Initiative
H;&M Hennes ;& Mauritz (Far East) Ltd
FESPA (Reigate)
UBM China (Shanghai)
Benetton Group
Gap International Sourcing Limited
Restoque S.A.
Amazon China
Savio Macchine Tessili S.P.A.
Sainsbury's Argos Asia Limited
BTC Textiles LLC
IFF Media Ag - International Media Services
International Sourcing Expo Australia
Sportmaster Ltd.
Saurer Textile Solutions Pvt. Ltd.
Zünd Systemtechnik AG
Alix Partners
GERBER TECHNOLOGY LTD.
EMBEE CORPORATION
Bluestem Global Sourcing Limited
Chico’ FAS
Sateri (Jiujiang) Fiber Co.,Ltd
Babyshop
Datacolor AG Europe
NV Michel Van de Wiele
Eastman Chemical Company
Brückner Trockentechnik GmbH & Co. KG
Hirdaramani International Export Private Limited
Taiwan Textile Federation (TTF)
BIMBA ;& LOLA SL
ITMA Services Pte Ltd
Tory Burch Hong Kong Ltd
IKEA of Sweden AB
Mayer & Cie. GmbH & Co. KG
China World International Exhibition Company Limited
Messe Duesseldorf
Tradewind International Servicing
Recron Polyester from Reliance Industries Limited
KAS Direct Sourcing
TÜYAP IHTISAS FUARLARI A.S.
Asos
Target Corporation (MN)
Comasia Limited
CGS Inc.
Inter Expo Center Ltd.
Lacoste (Wanchai)
Recron Polyester from Reliance Industries Limited
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
DyStar India Pvt. Ltd
Istanbul Fuarcilik A.S.
FULGAR SpA
Karl Mayer Textilmaschinenfabrik GmbH
Zydex Industries
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Coats Digital Limited
KIABI
Messe Frankfurt Exhibition GmbH
LC Waikiki
Marzoli Machines Textile s.r.l.
Maceton Limited

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search