Toupargel-Agrigel Reports Unaudited Group Sales Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2013
For the year, the company reported sales of 294.4 million compared to 327.1 million reported a year ago. Sales trends resulted essentially from the factors such as an unfavorable calendar effect (four fewer business days, or 5 million less than in 2012), intentionally lower and more selective new customer creation (7.4 million less than in 2012), investment in sales prices (4 million) and erosion in loyal customers, a trend which improved towards the end of the year.
The company provided earnings guidance for the year 2013. It confirmed its estimate that income from ordinary activities in 2013 will be higher than it was in 2012 (8.3 million).