ROKAS Group of companies released today Thursday 24/5/2007 its consolidated financial results for Q1 2007 that were prepared under International Financial Reporting Standards.
Consolidated turnover for Q1 2007 stood at Euro 12.5 mil. over Euro 14 mil. in the respective period last year, decreased by 10.4%. This decrease is due to the decrease of sales in the business unit of electromechanical equipment, contrary to the energy business unit, the sales of which increased by 11%, participating by 87% in the consolidated turnover over 70% last year.
Consolidated profitability improved significantly due to the increase of the energy sector participation in the Group's sales, business unit that operates with higher profit margins. Consolidated gross profit increased in the first quarter of 2007 by 23.2% standing at Euro 5.8 mil. over Euro 4.7 mil in the respective period in 2006, whereas gross profit margin stood at 46.2% of total sales over 33.6% in the first quarter of 2006, increased by 12.6 units.
Earnings before interest, taxes, depreciation and amortization (EBITDA) stood in the first quarter of 2007 at Euro 7.8 mil. over Euro 7.9 mil. in 2006, whereas earnings before interest and taxes (ΕΒΙΤ) stood at Euro 5.7 mil. increased by 6.3% compared to the first quarter of 2006.
Earnings before taxes (ΕΒΤ) increased by 13.4% and stood at Euro 5.6 mil. over Euro 5 mil. in 2006, increase that is mainly attributed to the Group's increased financial income in the first quarter of 2007. Finally, earnings after taxes and minority rights (ΕΑΤΑΜ) stood at Euro 4.8 mil. over Euro 2.9 mil. significantly increased by 66.1% that is due, apart from the above reasons, to the decrease of the consolidated tax liabilities.