NIREUS S.A. announces an upward revision of its forecasted consolidated financial results for 2007, in relation to those announced in the beginning of the year 2007 (pls. refer to announcement of 16-1-2007), due to an increase of the Group turnover, which also includes the full consolidation of the company KEGO S.A. as well as the consolidation on a net equity basis of the NIREUS S.A. current participation to the Norwegian company MARINE FARMS A.S.A. The NIREUS Group is expected to achieve in 2007, sales of 244,2 mil. euro (a 51,2% increase compared to 2006) EBITDA 44,4 mil. euro (58,6% increase) Profits Before Tax 28,1 mil. euro (83,7%) Earnings After Tax 22.9mil. euro (+ 157,3%) and Earnings After Tax & Minorities 15,9 mil. euro (+ 74,4%)
NIREUS GROUP Financial Results (in mil. Euro) 2006:
Turnover: 161,5.
EBITDA: 28,0.
Pre-Tax Profits: 15,3.
After Tax Profits: 8,9.
After Tax & Minorities Profits: 9,0.
Forecasts 2007 (06-06-2007):
Turnover: 244,2.
change (%): 51,2%.
EBITDA: 44,4.
change (%): 58,6%.
Pre-Tax Profits: 28,1.
change (%): 83,7%.
After Tax Profits: 22,9.
change (%): 157,3%.
After Tax & Minorities Profits: 15,7.
change (%): 74,4%.
The above revised forecasts, are also included in the NIREUS S.A. prospectus that was approved by the Hellenic capital Market Commission in June 6, 2007, for the rights issue and the convertible bond issue, according to the relevant approvals of the NIREUS S.A. shareholder general assembly of April 11, 2007.