Q3 2013 Financial Resutls
PRESS RELEASE
21 November 2013
9M 2013 GROUP FINANCIAL RESULTS
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 2013 and to highlight the basic factors that contributed to such.
During the 3rd quarter of 2013 the two Business Units of the Thrace Plastics Group both followed the same trend as the previous two quarters. Specifically, the Packaging Segment posted a significant increase in sales volume and a further improvement of profit margins, as opposed to the Technical Fabrics Segment where reduced demand both in the European and in the American market, mainly due to the slowdown of public investments, led to a decrease of sales volume and to pressures on profit margins.
At the Group level, the basic financial data for the 9month period of 2013, compared to the respective period of 2012, are as follows:
- Consolidated Turnover: € 204.4 mil vs € 203.9 mil the previous year (+0.2%)
- Consolidated Gross Profit: € 37.2 mil vs € 40.5 mil the previous year (-8.2%)
- Consolidated EBITDA: € 16.5 mil vs € 21.5 mil the previous year (-23.2% )
- Consolidated EBT: € 6.4 mil vs € 9.7 mil the previous year (-34.4% )
- Consolidated EAT&MI: € 4.2 mil vs € 7.3 thousand the previous year (-42.1% )
On 30.09.2013 the Group's Net Bank Debt amounted to € 35.8 and the Net Bank Debt to Equity amounted to 0.3.
For further clarifications or information regarding the present please refer to Ms Ioanna Karathanasi, Head of Investor Relations tel: + 30 210-9875081.