Financial Results of the First Quarter 2015
PRESS RELEASE
Friday, 22 May 2015
FINANCIAL RESULTS OF THE FIRST QUARTER 2015
ATHEX: PLAT
Reuters: THRr.AT
Bloomberg: PLAT GA
The purpose of the present release is to present the Group's financial results for the first quarter of the current year and to highlight the basic factors that contributed to such.
The Group's financial results during the first quarter 2015 posted a significant improvement versus the corresponding period of 2014. The major factors contributing to the above positive development and the improvement of the Gross Profit were the improved product mix, the positive effect from the EUR/USD exchange rate as well as the drop in the raw material prices during the first quarter of the current year.
Specifically, the basic financial figures of the Group in the first quarter 2015 as compared to the corresponding period of 2014, settled as follows:
|
Cons. Turnover |
€ 66.6 mil. versus € 62.5 mil. in Q1 2014 |
(+6.6% ) |
|
Cons. Gross Profit |
€ 14.4 mil. versus € 11.9 mil. in Q1 2014 |
(+21.2%) |
|
Cons. ΕΒΙΤ |
€ 5.5 mil. versus € 2.5 mil. in Q1 2014 |
(+118.3%) |
|
Cons. EBITDA |
€ 7.8 mil. versus € 4.6 mil. in Q1 2014 |
(+69.3% ) |
|
Cons. EBT |
€ 3.6 mil. versus € 1.4 mil. in Q1 2014 |
(+158.7% ) |
|
Cons. EATAM |
€ 2.7 mil. versus € 1.0 mil. in Q1 2014 |
(+159.9% ) |
|
Basic Earnings per share (in €) |
0.0602 versus 0.0229 in Q1 2014 |
(+162.9%) |
The Net Bank Debt on 31/03/2015 accounted for € 35.7 million versus € 32.7 million on 31/12/2014 due to prepayments made during the first quarter for the purchase of machinery equipment in line with the investment plan for the fiscal year 2015. The ratio “Net Bank Debt / Equity” stabilized at 0.3 while ratio “Net Bank Debt / EBITDA” (on annualized basis) settled at 1.14.
In the context of the Group's strategy with regard to its organic growth, the investment plan of the Group for the year 2015 amounts to € 30 million of which € 25 million will be utilized for new production lines and € 5 million for the upgrade and maintenance of the existing machinery equipment. The largest part of the investments will be carried out from the Greek subsidiaries of the Group.
For further clarifications or information regarding the present release you may refer to Ms Ioanna Karathanasi, Investor Relations, tel: + 30 210-9875081.
IR Release