NIKAS Group of companies released its Q1 2007 financial results according to the International Financial Reporting Standards (I.F.R.S.).
Consolidated turnover stood at Euro 25.2 mil. over Euro 24.8 mil. in the respective period last year, marking an increase of 1.8%.
Group Gross profit margin improved by 1.7 units (31.9% of consolidated turnover), while gross profit stood at Euro 8 mil. over Euro 7.5 mil. in the first quarter of 2006, increased by 7.7%.
EBITDA stood at Euro 3.6 mil. over Euro 4.0 mil. in Q1 2006. This decrease (10.7%) is due to the increased expenses for the promotion of the new products as well as to the decreased operating income from participations by Euro 0.5 mil. compared to the respective period last year.
Earnings before interest and taxes stood at Euro 2.6 mil. over Euro 3.1 mil. in the first quarter of 2006, and earnings before taxes stood at Euro 2 mil. over Euro 2.7 mil. in the first quarter of 2006, mainly due to earnings of Euro 0.5 mil. derived by sales of assets in Q1 2006.
Respectively, earnings after taxes and minority rights stood at Euro 1.6 mil. over Euro 2.3 mil. in the first quarter of 2006.
Note: Q1 2007 Financial Statements are available on the company's website www.nikas.gr and will be published οn the daily financial press on May 30, 2007.