Sarantis Group sales grew 19.86 pct in the nine-month period from January to September

Sarantis Group said sales grew 19.86 pct in the nine-month period from January to September to 239.92 million euros, from 200.17 million in the corresponding period in 2015.

The group said “promotion actions, a constant renewal of product portfolio and new additions to the group’s portfolio, contributed to its further growth. Group sales, excluding recent acquisitions, grew 12.85 pct compared with the nine-month period in 2015”.

Greek sales grew 16.88 pct to 89.88 million euros, while international sales -accounting for 62.54 pct of total group sales- rose 21.72 pct to 150.04 million euros. EBITDA rose 37.61 pct to 25.44 million euros from 18.49 million last year, while pre-tax and interest earnings jumped 41.76 pct to 22.20 million euros from 15.66 million in 2015 and EBIT margin rose to 9.25 pct from 7.82 pct over the same period, respectively.

Sarantis Group expects this year’s sales to grow by 11.2 pct and net earnings to rise by 15 pct.