Nestle completed the acquisition deal for Delta Ice cream at €111.1m for a 96.53% stake, AGMs of Delta Holdings and Chipita to agree the merger.

The management elaborates on Q1:06 results calling for a lot better performance in the coming quarters.

Despite the weak consumer environment, volume was up 3% leading to increase of the group’s market shares.

Delta Holdings targets to silky out throughout the year, the discontinued income from Danone recorded in H1:05.

Further cost savings and growth in volumes would offset last year Danone's contribution in the group profitability.

A higher than predictable working capital increase in frozen foods business comes from rising sales and new products, while organization sticks on a 11% working capital to sales ratio for the group by the end of the year.

Delta Holdings finished the sale transaction of Delta Ice cream.

The deal finalized at an enterprise value of €212m including €101 of debt.

Proceeds from the sale would mainly decrease debt.

A pressure in Goody's EBITDA margin comes from creates up costs of new shops, which will be offset throughout the year.

Mark-to-market derivatives have still an optimistic effect on results.

The deal for the attainment of ’Vlachas’ brand from Nestle is expected to be finalized in mid-June.