ΕΙΔΗΣΕΟΦΩΝΙΚΗ ΕΛΛΑΣ Α.Ε.Ε.
FY 2006 Consolidated Financial Results According to I.F.R.S.
NEWSPHONE HELLAS Group released its FY 2006 financial results according to the International Financial Reporting Standards (I.F.R.S.).
Consolidated turnover in 2006 stood at Euro 46.8 mil. over Euro 34.2 mil. in 2005, marking an increase of 36.9%, which is mainly attributed to the increase of sales in the business units of thematic Voice Portals and Value Added Services. Significant contribution in the increase of sales had the activation of the Group outside the Greek market for the first time in 2006. Sales abroad constitute more than 20% of total turnover.
Consolidated Gross profit for the year 2006 increased by 15.7% and stood at Euro 17.3 mil. over Euro 14.9 mil. in 2005. Gross profit margin stood at 37% of consolidated turnover over 43.7% in 2005. This decrease in gross profit margin is due to the fact that FY 2006 sales include an e-Government project which is characterized by lower gross profit margins.
EBITDA amounted to Euro 8.6 mil. over Euro 7.6 mil. in 2005, increased by 14.1%. This retention is mainly due to the aforementioned lower gross profit margin and partially to the high selling expenses of the company for promotional reasons. More specifically, selling expenses in 2006 stood at Euro 6.3 mil. over Euro 4.9 mil. in 2005.
EBT increased by 4.4% and stood at Euro 6.1 mil. over Euro 5.9 in 2005., while earnings after taxes and minorities amounted in 2006 to Euro 4.3 mil. over Euro 3.9 mil. in 2005, increased by 10.8%. FY 2006 results include Euro 641 th. which regard the full depreciation of non usable assets as well as provisions for uncollected receivables. Please note, that within the framework of the company''s commercial policy and with the aim of maintaining and enhancing business relationships with public authority clients, the management has strategically decided to provide additional cost incurring services without charging for them. This decision has been announced by the company in previous press releases.
Within the framework of the aforementioned financial results and in conjunction with the Group''s course in the current fiscal year, NEWSPHONE HELLAS'' management estimates that FY 2007 will be a year of further growth. By carefully planning out its business moves it looks forward to a balanced long-term development on the basis of its successful commercial choices and co-operations. More specifically, turnover for the current fiscal year is estimated to stand at Euro 55 mil. increased by 17% over 2006, EBITDA will amount to Euro 10 mil. while earnings after taxes and minority rights (EATAM) will stand at Euro 5 mil., increased by 22% over 2006.
Consolidated turnover in 2006 stood at Euro 46.8 mil. over Euro 34.2 mil. in 2005, marking an increase of 36.9%, which is mainly attributed to the increase of sales in the business units of thematic Voice Portals and Value Added Services. Significant contribution in the increase of sales had the activation of the Group outside the Greek market for the first time in 2006. Sales abroad constitute more than 20% of total turnover.
Consolidated Gross profit for the year 2006 increased by 15.7% and stood at Euro 17.3 mil. over Euro 14.9 mil. in 2005. Gross profit margin stood at 37% of consolidated turnover over 43.7% in 2005. This decrease in gross profit margin is due to the fact that FY 2006 sales include an e-Government project which is characterized by lower gross profit margins.
EBITDA amounted to Euro 8.6 mil. over Euro 7.6 mil. in 2005, increased by 14.1%. This retention is mainly due to the aforementioned lower gross profit margin and partially to the high selling expenses of the company for promotional reasons. More specifically, selling expenses in 2006 stood at Euro 6.3 mil. over Euro 4.9 mil. in 2005.
EBT increased by 4.4% and stood at Euro 6.1 mil. over Euro 5.9 in 2005., while earnings after taxes and minorities amounted in 2006 to Euro 4.3 mil. over Euro 3.9 mil. in 2005, increased by 10.8%. FY 2006 results include Euro 641 th. which regard the full depreciation of non usable assets as well as provisions for uncollected receivables. Please note, that within the framework of the company''s commercial policy and with the aim of maintaining and enhancing business relationships with public authority clients, the management has strategically decided to provide additional cost incurring services without charging for them. This decision has been announced by the company in previous press releases.
Within the framework of the aforementioned financial results and in conjunction with the Group''s course in the current fiscal year, NEWSPHONE HELLAS'' management estimates that FY 2007 will be a year of further growth. By carefully planning out its business moves it looks forward to a balanced long-term development on the basis of its successful commercial choices and co-operations. More specifically, turnover for the current fiscal year is estimated to stand at Euro 55 mil. increased by 17% over 2006, EBITDA will amount to Euro 10 mil. while earnings after taxes and minority rights (EATAM) will stand at Euro 5 mil., increased by 22% over 2006.