Today, the company is publishing the detailed 2000 financial statements for RILKEN S.A.
and RILKEN Consolidated Group.
RILKEN S.A. reports Sales of 8,214 MGRD for 2000 vs. 8,729 MGRD in 1999
corresponding to a decrease of 5.9%. Net Profits before taxes are increased by
102% (1.938 MGRD vs. 960 MGRD of the previous year).The sales decrease is due to the effect of selling the retail products through the subsidiary
company Schwarzkopf & Rilken Hellas S.A. (S.R.H.). The Exports present a slightly positive
development vs. the previous year, while the professional products show a very good
growth.The Earnings before taxes show a considerable increase (102%) which is
mainly due to the one-time effect of selling the warehouse inventories to
S.R.H., other non-operating income as well as to the allocation of fixed
operating expenses to the above-mentioned subsidiary company S.R.H.After the deduction of the one-time non-operating income and the one-time effect of the
transfer of the inventories the net profit increase amounts to 50% vs. the previous year.
The Board of Directors recommends a dividend of 150 GRD per share vs. 110 GRD the
previous year.The consolidated Sales of the Rilken group are increased by 65% (14.459 MGRD vs. 8.749
MGRD). This increase is mainly attributed to the distribution of Henkel Hellas cosmetics
products by the subsidiary company SRH, where Henkel Hellas holds a share of 49%.The consolidated earnings before taxes show an increase of 47% (1.806 MGRD vs. 1.226
MGRD). This development is due to the above-mentioned extraordinary non-operating
income as well as to the synergies that were created by the subsidiary distribution
company S.R.H.Rilken S.A. is an Athens based manufacturer and marketer of Cosmetics, specialized in
Hair Care products. The company is a member of the Henkel Group which is the majority
shareholder of Rilken S.A via its subsidiary Henkel Hellas S.A.