31
052013

In the first quarter of this year the Žito Group recorded a profit

At the meeting session yesterday the Žito Group supervisory board dealt with the business report of the Žito Group and Žito, d.d. company for the period from January to March 2013. The Žito Group’s net profit totalled €371 thousand and in the same period last year the profit totalled €2 thousand. In the first quarter of this year the Žito Group sold €28 million and the Žito, d.d. company €26.2 million worth of goods. Good operating results of Žito is mostly a consequence of a number of accepted and partially implemented measures with which we have tried to achieve cost efficiency and better sales in the Group.
In the first three months of this year the Žito Group sold €28 million and the Žito, d.d. company €26.2 million worth of goods. The sales of the Žito Group rose by 0.7% in comparison to the same period last year.
The net profit of the Žito Group totalled €371 thousand. In the same period last year it generated a profit of €2 thousand. In the first quarter the Žito, d.d. company generated a profit totalling €462 thousand and in the same period last year it generated a profit of €86 thousand.
The Žito Group’s operating profit has increased by 131% in comparison to the first quarter of 2012. In addition The Žito, d.d. company’s operating profit increased by 105% compared to the same period last year.
“Positive business results are proof that adjusting to market circumstances, operational movements and prudential measures can help achieve visible results in a short time period. By implementing a strategy adjustment until the year 2015 that was adopted in 2010 and did not envisage the recession and related changes in the economic situation and market circumstances we once more defined and set even clearer goals. We focussed on strengthening activities with the biggest potential for growth and profitability. Thus by the end of 2012 we started directing our attention to the growth in the share of high added value products as well as on development, marketing and sales of our key categories or brands that show enough strength to allow us to achieve good results in the future according to customer demand,” commented the results Janez Bolj, the management board chairman of the Žito Group.
On 31 March, 2013 the Žito Group employs a total of 1150 employees.
Ljubljana, 31 May, 2013

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