Q1 2015 KEY FIGURES AND RESULTS
Athens, May 29th 2015
Q1 2015 KEY FIGURES AND RESULTS
EYDAP Group presented a significant increase in its results during the first quarter of 2015, which was reflected in all financial figures as follows:
The turnover advanced to the amount of 71.9 mil. euro compared to 70.7 mil. euro the corresponding quarter of 2014, an increase of 1.7%.
Earnings before interest, taxes, depreciation and amortization (EBITDA) of the Group, presented a significant increase of 101.7% amounted to euro 16.9 mil. euro compared to 8.4 mil. euro of the respective period last year, due to the reduction in operating expenses.
Earnings before taxes amounted to 9.9 mil. euro compared to 9.1 mil. euro of the first quarter of 2014, an increase of 9%.
Earnings after taxes recorded a considerable increase and amounted to 9.1 mil. euro compared to 5.5 mil. euro in the first quarter of 2014, increased by 66.8%. Following the audit concerning the fiscal years 2008, 2009 and 2010, which was completed in May 2015, the income tax of current period is decreased by 1.5 mil. euro due to the reversal of the provision that was formed in previous years for possible tax audit differences related to the aforementioned years.