Turnover euro 908.1 mil.(+8.2%)
Earnings before Taxes euro 180.3 (+120%)
Earnings per share euro 1.65 (+112%)
GERMANOS SA ended 2006 with a 120% increase in earnings before taxes The Group?s turnover amounted to euro 908.1mil. from euro 839.1mil. the previous year, thus posting an increase of 8.2%. Specifically, income from Retail amounted to euro 532.7mil. compared to euro 506.9mil. in 2005, namely an increase of 5.1%. Significant growth was also posted by the Distribution of Consumer Products Sector, the sales of which increased by 12.8%, namely from euro 325mil. to euro 366.5mil. in relation to the respective period of 2005, a fact that is due to the increase in sales of pre-paid cards, which amounted to 13%.
Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to euro 64.6mil. in 2006.
The Group''s total financial results amounted to euro 123.8mil. This amount mainly concerns the capital profit that emerged from the sale of the company?s participation in HDFS and in SILKWAY (Unitel, Uzbekistan).
At the same time, GERMANOS SA paid off its total debt, while it still holds cash and highly liquid assets amounting to euro 175mil.
Earnings before taxes posted an increase of 119.68% and amounted to euro 180.3mil. compared to euro 82.1mil. the previous year, despite the decrease in EBITDA. The main reason behind the boost of profit was the capital goodwill that emerged from the sale of the participation in the companies SILKWAY and HDFS.
The total earnings after taxes (including suspended activities) amounted to euro 134.5mil. compared to euro 63.1mil. in the previous year, namely posting an increase of 113.3%. The result of suspended activities includes the result from the sale of such.
The Group?s earnings per share increased by 112%, and amounted to euro 1.65 in 2006 compared to euro 0.78 in 2005. This increase is mainly derived from the sale of the participation in the companies SILKWAY and HDFS.
As regards to the proposed dividend for 2006 the BoD will propose the amount of euro 0.022 per share to the General Shareholders'' Meeting.
Finally it is worth noting that during the previous period the Company focused on its commercial development and presently numbers 645 GERMANOS stores, namely in Greece (374), Romania (144), Bulgaria (102), FYROM (25), as well as on the expansion of the prepaid cards product distribution network in Greece and Romania.
(Note: The consolidated turnover does not include sales of the following suspended activities: Industrial sector of Greece, Bulgaria, Romania, Serbia, Germany and Ukraine as well as of the companies GERMANOS CYPRUS, TCM, GTI, GERMANOS POLSKA, GERMANOS TELECOM UKRAINE. The Net Earnings after Taxes and Earnings per Share also include suspended activities according to I.F.R.S .