4 June 2007 - Germany's oldest chocolate producer Halloren Schokoladenfabrik AG saw its sales rise 22.7% to 6.97 million euro during Q1 2007 thanks to a strong performance from the confectionery division and to a growth in sales of its Original Halloren Kugel chocolates, the company said in a statement.
Earnings before interest and tax (EBIT) amounted to 570,000 euro, compared with 80,000 euro for Q1 2006.
Halloren more than doubled its EBITDA to 980,000 euro from 440,000 euro.
In May, FLEXNEWS reported that Halloren was planning further acquisitions of companies or brands.
On Halloren’s stock-market debut on 11 May 2007, company shares rose 3.6% above the issue price. The firm raised 15.6 million euro by selling 2.235 million shares. It had initially aimed to raise 20-30 million euro.
"We want to use the proceeds from the successful stock market debut to finance further growth," Chief Executive Klaus Lelle told the press at the time.