KEO: Interim Management Statement
18/5/2012 12:36
We wish to inform you that at the meeting held on May 18, 2012 at 10.30 am, the Board of Directors of KEO plc examined and approved the Interim Management Statement pursuant to the provisions of the Transparency Requirements Law 2007 (N. 190 (I/) 2007).
Main activities
The main activities of the Group have not changed and include the wine-making, the production of beer and the bottling of natural mineral water, which are disposed to the domestic market and overseas.
Turnover
The Group’s sales in the first 4 months of the year fell 7% compared to the corresponding period of 2011.
This drop is mostly attributable to the shrinkage of the market and the strong competition from the imported goods.
Profitability
The Group’s profitability in the first 4 months of the year is lower than that of the corresponding period of 2011 despite the drop in the turnover. This decline is attributable to the Group’s actions to reduce the production cost.
Main risks and uncertainties
The main risks and uncertainties that the Group faces are the same as those described in the Annual Report 2011.
Significant events and transactions
There were no other significant events and transactions other than the ordinary activities affecting the Group’s condition during the period.
Main activities
The main activities of the Group have not changed and include the wine-making, the production of beer and the bottling of natural mineral water, which are disposed to the domestic market and overseas.
Turnover
The Group’s sales in the first 4 months of the year fell 7% compared to the corresponding period of 2011.
This drop is mostly attributable to the shrinkage of the market and the strong competition from the imported goods.
Profitability
The Group’s profitability in the first 4 months of the year is lower than that of the corresponding period of 2011 despite the drop in the turnover. This decline is attributable to the Group’s actions to reduce the production cost.
Main risks and uncertainties
The main risks and uncertainties that the Group faces are the same as those described in the Annual Report 2011.
Significant events and transactions
There were no other significant events and transactions other than the ordinary activities affecting the Group’s condition during the period.
