The 525 firms are communicated its financial results for the previous milltec machinery year, throu

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Losses in excess of 340 million. EUR 525 registered food businesses, in 2012, with profitable epichieriseis, based on their net income, amounting to 331.Opos resulting from an assessment of the sector, the losses could not be avoided despite the increased exports while shown improved operational efficiency of the food industry.
In particular, export growth has enabled the Greek food industry in 2012 to hold almost to the levels of 2011 sales, offsetting the decline in revenues from the domestic market. At the same time, the industry benefited from the continued reduction in labor costs and improved operational efficiency and financial structure.
However, it has avoided the swelling of the damage, mainly milltec machinery due to increased financial costs and the high costs involved in the impairment milltec machinery of investments and other assets, provisions for commercial and tax risks and personal allowances. Still, its investment decreased for yet another year in 2012, resulting in longer smaller in size, although looks competitive and better able to cope with import penetration in the domestic milltec machinery market and even further extended to the international market.
These conclusions resulting from the treatment of balance sheet 525 Greek industrial food production companies, including companies of fish farmers and the livestock sector and the sorting area, packing and standardization of agricultural products for the year 2012.
The development of economic fundamentals of the industry reveals milltec machinery also the existence of a basic mass firms have completed or have successfully completed their restructuring, several other marching slowly but surely in the same way and at the same time, many other businesses milltec machinery that are unable to adapt o stoun the new economic environment, accumulate large losses and eventually driven out of the market if they do not provide banking assistance. Although many of the smaller sized companies do not lag behind improvements milltec machinery in overall industry intensifies the degree of centralization.
The 525 firms are communicated its financial results for the previous milltec machinery year, through websites and the press or directly to GEMI and Icap Group until June 30, 2013, recorded total sales of 8.94 billion. Euro in 2012, marginally reduced compared those of 2011 (-0.2%), in conditions of fall in the volume of food production in the country by 3.8% and average growth of industry prices by 1.25%.
This reflects, obviously, improve the product mix of production and sales, and the continued milltec machinery expansion of parallel trade activities business line.
These are large enterprises, milltec machinery medium and small, which represent more than 90% of the entire sector. Increase sales reported by 242 of 525 (46.1%), as opposed to 283 (53.9%), reported sales decline.
As a whole the 525 industries reported aggregate net losses 177.4 million. EUR in 2012, compared with net losses 148.7 mil. EUR in 2011, ie increased by 19%. The deterioration in the level of income before taxes was even greater (-60%) and the difference is mainly due to the reduced tax burden. Those improved net results, albeit marginally, was more (50.5%), while those who improved their results before taxes, albeit marginally, milltec machinery were fewer (47.4%).
Profitable, based on their net income, were 331 firms, ie 63% of the total. Compared with 2011, increased profitable and loss-making (37% of the total in 2012) decreased.
Also, based on their results before milltec machinery taxes, profitable were 355 companies, ie 67.6% of the total. Compared to 2011, profits dropped and injurious milltec machinery (32.4% of the total in 2012) increased. If isolate smaller companies with sales of less than three million. Euro, reduced profitable and growing injurious.
* 308 companies (58.7% milltec machinery of total) which was profitable in 2011, remained profitable in 2012, realizing a net profit of 218 million. Euro, against 221.5 million. Euros in 2011, down by 3.5 million . euro.
* 107 companies (20.4%) which was damaging in 2011, remained at the 2012 injurious, realizing losses 290.4 million. Euro compared to 320.1 million. Euros in 2011, thus reduced by 29.7 million. milltec machinery euro.
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