19
052014

Žito Group in Q1 Reports Trade Profits and Export Growth

Žito Group’s Supervisory Board at today’s session discussed the financial report of the Žito Group and Žito d.d. company for the period from January to March 2014. The Žito Group generated revenues of €27.1 million, and the Žito d.d. company generated €25.0 million worth of products and services. The result from operations of the Žito Group is a profit totalling €534 thousand. The net profit of the Žito Group totalled €326 thousand. In Q1, the Žito d.d. company generated net profit in the amount of €270 thousand.

Žito Group sales are lower by 2.9% than in the corresponding period last year. The result from operations of the Žito Group is a profit totalling €534 thousand, which is 14.9% less than in the same period last year when they generated €628 thousand in operating profit. The net profit of the Žito Group totalled €326 thousand. In the same period last year they generated a profit of €371 thousand.

At the end of the period, the Žito Group had 1,138 employees.

“Regardless of the slightly lower home sales results compared with the same period last year, we operate at a profit, are efficient and have good export performance. Under the conditions of low domestic consumption our focus on foreign markets is crucial.

In Q1, exports increased by 16% compared to the previous year.

In this time we have received a number of awards for the quality of our products, which means that consumers trust us.

However, it is a fact that the general economic outlook, political instability and social situation are certainly reflected in purchasing power and hence sales. Regardless of the difficult first quarter of this year we continue to focus on strengthening activities with the biggest potential for growth and profitability. 

Therefore, it is encouraging that we have nevertheless experienced a growth in the share of high added value products. We are focused on the development, marketing and sale of our key categories or brands that show enough strength to allow us to also achieve good results in the future according to customer demand. In particular, our focus is also directed intensively on foreign markets, as evidenced by significantly better sales results abroad,” commented Janez Bojc, Chairman of the Management Board of Žito Group.

The interim report on the operations of Žito Group and Žito d.d. company can be found at the following link: Supervisory Board Report 1-3 2014 (2)

Additional information:

Nina Rus Turuk,
Public Relations, Žito Group
Telephone number: 01 5876 120
E-mail: pr@zito.si

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