Eurodrip reports higher 2010 results

Eurodrip on Thursday said consolidated sales grew 14.5 pct last year to 68 million euros, up from 59.4 million euros in 2009.

The group said EBITDA totaled 9.2 million euros in 2010, from 7.8 million in the previous year, for an increase of 17.7 pct, while pre-tax earnings jumped 37 pct to 4.1 million euros.

Eurodrip attributed its improved results to an increase of its export activities, with 90.6 pct of consolidated sales coming from international markets.

Eurodrip has established activities in 60 countries around the world.

Eurodrip said it expected a further improvement of its results this year, with consolidated turnover projected to grow by 11 pct and earnings rising by 20 pct.


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