20
052015

The Žito Group is profitable in the first quarter; sales growing as well

Ljubljana, May 20, 2015 – The supervisory board of Žito Group discussed the annual report of the Žito Group and Žito d.d. for the period from January to March 2015 at today’s meeting. The Žito Group sold for € 28.0 million more worth of products in this period last year, or 3.0% more than the last period. The result from operating activities of the Žito Group is a profit of € 577.000, which is 8.1% more than in the same period last year. The Net profit for the Žito Group totaled €489.000. In the same period of the previous year a profit of € 326.000 was generated.

The company Žito d.d. sold products and services with a total worth of € 26.4 million in the first three months of this year. Proceeds from the sale in Žito d.d. increased by 5.6% in comparison with the previous year. The operating profit of Žito d.d. amounted to € 480.000, which is 10.4% more than in the same period last year, while net profit amounted to € 401.000 – in the same period in the previous year the net profit amounted to € 270.000.

At the end of the period in question, the Žito Group had 1,159 employees, which is 1.8% more than on 3/31/2014.

In Žito we are also proud of the awards received in the first quarter of this year. The group received as many as 22 gold awards for excellent quality products, at the 15th professional bread, bakery and fine pastry and pasta assessment. The Institute of Nutrition has classified the corn toast without preservatives, produced by the company Žito, as one of the most innovative new foods in the group of pre-packed bakery products, manufactured in Slovenia. The company has again received the Best Buy Award for the best balance between the price and the quality of products, namely for bread, the rice Zlato polje, Maestro spices and cereals for breakfast.

“Our work goes on eagerly, as shown by the results of operations in the first quarter of this year. We have proven that we are becoming an important regional player in the food market and we intend to improve and strengthen this position in the future as well”, said the CEO of the Management Board of Žito, d.d. regarding the quarterly results, Janez Bojc.

On April 21, 2015 a contract of the consortium of sellers of the majority holding in the company Žito d.d. for the sale of 51.55% of the holding to Podravka d.d. was concluded.

The interim report of the Žito Group and Žito d.d. for the period of 1-3 2015 is available at the following link in Slovene: The report of the Žito Group and the company Žito for the period 1-3 2015

More information:

Nina TURUK,

Public Relations, Žito Group

Phone: 01 5876 120

E-mail: pr@zito.si

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