GROUP FINANCIAL RESULTS FOR THE 9-MONTH PERIOD 2014
Thursday, 20 November 2014
GROUP FINANCIAL RESULTS FOR THE 9-MONTH PERIOD 2014
ATHEX: PLAT
Reuters: THRr.AT
Bloomberg: PLAT GA
The purpose of the present release is to present the Group's financial results for the 9-month period of 2014 and to highlight the basic factors that contributed to such.
The financial performance of the Group during the 9-month period of the current year demonstrated a notable improvement as compared to the same period of 2013. The 3rd quarter of the current year followed the upward trend of the previous two quarters. The main characteristics of the period under consideration were the increased demand for the products of the Technical Fabrics Unit which resulted into higher sales volume and improved production cost, as well as the weakening of the Euro versus the US Dollar.
More specifically, the basic financial figures of the Group during the 9-month period of the current year as compared to the corresponding period of 2013, settled as follows:
|
Consolidated Turnover |
€212.4 mil. versus € 193.7 mil. in previous year |
(+9.6% ) |
|
Cons. Gross Profit |
€39.6 mil. versus € 34.3 mil. in previous year |
(+15.5%) |
|
Cons. ΕΒΙΤ |
€11.2 mil. versus € 7.8 mil. in previous year |
(+43.5%) |
|
Cons. EBITDA |
€17.7 mil. versus € 14.6 mil. in previous year |
(+21.1% ) |
|
Cons. EBT |
€8.0 mil. versus € 6.0 mil. in previous year |
(+33.3% ) |
|
Cons. EATAM |
€6.3 mil. versus € 4.3 mil. in previous year |
(+46.4% ) |
|
Basic Earnings per share (in €) |
0.1390 mil. versus 0.0950 mil. in previous year |
(+46.3%) |
During the 9-month period of the current year, the Group financed investments of € 10.8 million of which € 7 million approximately concerned investments implemented in Greece, whereas it repaid part of the Bank Debt of a subsidiary abroad. On 30.09.2014, the Net Bank Debt of the Group amounted to € 36.4 million and the ratio “Net Bank Debt / Equity” settled at 0.3.
With regard to the financial performance of the Group during the 4th quarter of 2014, Turnover and Operating Profit follow the upward trend of the previous quarters as compared to the corresponding quarters of 2013.
For further clarifications or information regarding the present release you may refer to Ms Ioanna Karathanasi, Head of Investor Relations, tel: + 30 210-9875081.
IR RELEASE