Gr. Sarantis S.A. Reports Earnings Results for the Half Year Ended June 30, 2022
September 08, 2022 at 05:00 am EDT
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Gr. Sarantis S.A. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was EUR 213.48 million compared to EUR 195.24 million a year ago.
Net income was EUR 31.69 million compared to EUR 19.52 million a year ago. Basic earnings per share from continuing operations was EUR 0.1731 compared to EUR 0.2183 a year ago. Basic earnings per share was EUR 0.4732 compared to EUR 0.2913 a year ago.
Sarantis S.A. is one of the world's leading distributors of branded consumer products. Net sales break down by family of products as follows:
- cosmetic products (42.3%): perfumery and toiletry products (Antonio Banderas, BU, C.THRU, Denim, Elode, Myrto, Noxzema, Prosar, STR8, Tesori l'Oriente and Vidal), skin care products (Astrid, Bioten, Elmiplant and Kolastyna), sun screen products (Carroten, Coppertone and Piz Buint) and hair care products (Final Net and Orzene Beer);
- household products (39.8%): food preservation products (Domet, Fino, Fox, Grosik, Hewa, Jan, Korunka Sanitas and Topstar), home maintenance equipment (Afroso, Ava, Flame, Septifos and Tuboflo), insecticides (Globol, Pyrox and Teza), shoe creams (Camel), etc. ;
- other (12.4%): including health care products, dietary supplements, pregnancy tests, etc.
The remaining net sales (5.5%) are from the manufacturing of plastic packaging products (Label Polipak).
At the end of 2020, the group operated a network of nearly 110,000 sales outlets in Europe.
Net sales are distributed geographically as follows: Greece (34.6%), Poland (23.6%), Romania (14%), Ukraine (7.1%), Czech Republic (5.2%), Serbia (5.1%), Bulgaria (3.3%), Hungary (2.6%) and others (4.5%).
SARANTIS S.A. 
