Sarantis Group reports higher 2016 results

Sarantis Group reported an 18.03 pct increase in consolidated sales in 2016 totaling 329.02 million euros, from 278.76 million in 2015. Net profits grew 23.95 pct to 24.52 million euros from 19.78 million in 2015, while net profit margin grew to 7.45 pct from 7.10 pct over the same periods, respectively.

Domestic sales grew 16.77 pct to 119.76 million euros, while international sales (accounting for 63.6 pct of total sales) grew 18.76 pct to 209.26 million euros in 2016, from 176.2 million in 2015.
Consolidated sales grew 11.6 pct in 2016.

EBITDA rose 20.66 pct to 35.92 million euros, EBITDA margin rose to 10.92 pct from 10.68 pct, pre-tax and interest earnings rose 21.03 pct to 31.52 million euros and pre-tax earnings grew 19.35 pct to 28.84 million euros.

Sarantis Group paid a 0.16 euro per share dividend to shareholders in 2016 and plans to pay a 0.175 euro dividend this year.