- Turnover Euro 247.05 mil. (+26.6%)
- Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) Euro 22.06 mil. (+14.1%)
- Net Earnings Euro 25.50 mil. (+153%)
- Earnings per share Euro 0.31 (+151%)
- Participation of foreign subsidiaries in consolidated turnover 33.1% Consolidated accounts of GERMANOS Group of Companies demonstrated strong performance in the first quarter of 2006, setting the base for the realization of Management's financial targets for the aggregate financial year. Consolidated sales amounted to Euro247.05 mil. higher by 26.6% as compared to Q1 2005, with all activities reporting significant strong performance. Specifically, the turnover of Group?s basic activity -retail- increased by 14.8%, amounting to Euro 135.6 million from Euro118 million in the same quarter of 2005. In this revenue category, airtime had an important contribution amounting to Euro19.1 million (+30.8%). A similar increase was realized in revenues resulting from the distribution of consumer products (wholesale activity). Revenues from this category amounted to Euro 92.8mil (+41.2%). The particular category includes revenues generated from foreign activities. Finally, turnover from industrial activity amounted to Euro16.7 million, increased by 65.3%. The participation of subsidiaries operating abroad to consolidated turnover was significant, reaching 33.1% from 26.1% in the same period last year. Earnings Before Interest, Tax Depreciation and Amortization (EBITDA) exceeded Euro22 million from Euro19.3 million in Q1 2005, continuing the high growth rates observed over the past years. Earnings Before Tax amounted to Euro31.8 million higher by 135%, due to capital gains resulting form the sale of the participation in SILKWAY (Uzbekistan). It is worth noting that excluding the earnings from the participation in UNITEL, as well as the earnings generated from HDFS, Earnings Before Tax increased by 15.7% reaching τα Euro13.5 million from Euro11.66 million in the same period of 2005. Earnings after Tax amounted to Euro25.5 million (+153%), while Earnings Per Share settled at Euro0.31 from Euro 0.12 in the same period last year. Finally, it is reminded that the General Shareholders? Meeting will take place on June, 22nd, while the proposed dividend amounts to Euro0.26 per share.

Download the Financial Analysis Q1 2006