SFAKIANAKIS S.A.
Announcement
The significant increase of turnover, profit after tax and Suzuki?s market share presented for the third quarter of 2007 compared to the respective period of 2006 confirms that the exceptionally successful progress of SFAKIANAKIS S.A. continues.
Market share of Suzuki new cars presented an increase of 12.8%, based on registrations, and it was raised to 5.3% compared to 4.7% in 2006. The same tendency also follows the market share of motorcycles Suzuki, which presented an increase of 10.5%, based on registrations, and it was raised to 6.3% compared to 5.7% in 2006.
At group level (consolidated figures) in the third quarter of 2007, the turnover amounted to 334.0 mil. euro, while gross profit reached to 100.5 mil. euro, increased by 13.6% and 23.9% respectively compared to 2006. A significant increase of 70.6% presented Group profit after tax which reached to 25.5 mil. euro compared to the 14.9 mil. euro of the relevant third quarter of 2006. The consolidated equity of shareholders amounted to 116.6 mil. euro presented an increase of 16.0% compared to the equity of shareholders (consolidated) amounted to 100.5 mil. euro of the relevant third quarter of 2006.
In the sector of car retail sales, SFAKIANAKIS S.A. position has been further strengthened in the Greek market, with 55 points of sale (showrooms and service facilities), representing 11 automobile Brands (Suzuki, Opel, Ford, Volvo, BMW, Fiat, Alfa Romeo, Lancia, Cadillac, Corvette and Hummer). After the preliminary agreement for the acquisition of car retail activities and spare parts sector of Kontellis Group the company operates the biggest Greek car retail network and one of the larger in the European market.
In 2008, Sfakianakis S.A. expected through both of the retail and wholesale activities (Suzuki) to reach 32.000 car sale units and 11.5% market share of the total Greek car market, which will result that the turnover to exceed 650 mil. euro.
The target of Sfakianakis S.A is that by 2010, the company?s car retail network will be within the 25 bigger retail networks in Europe, and in long-term, through the expansion of the Group in the countries of South-eastern Europe, Sfakianakis S.A. is expected to operate one of the 10 bigger car retail networks in Europe.
Market share of Suzuki new cars presented an increase of 12.8%, based on registrations, and it was raised to 5.3% compared to 4.7% in 2006. The same tendency also follows the market share of motorcycles Suzuki, which presented an increase of 10.5%, based on registrations, and it was raised to 6.3% compared to 5.7% in 2006.
At group level (consolidated figures) in the third quarter of 2007, the turnover amounted to 334.0 mil. euro, while gross profit reached to 100.5 mil. euro, increased by 13.6% and 23.9% respectively compared to 2006. A significant increase of 70.6% presented Group profit after tax which reached to 25.5 mil. euro compared to the 14.9 mil. euro of the relevant third quarter of 2006. The consolidated equity of shareholders amounted to 116.6 mil. euro presented an increase of 16.0% compared to the equity of shareholders (consolidated) amounted to 100.5 mil. euro of the relevant third quarter of 2006.
In the sector of car retail sales, SFAKIANAKIS S.A. position has been further strengthened in the Greek market, with 55 points of sale (showrooms and service facilities), representing 11 automobile Brands (Suzuki, Opel, Ford, Volvo, BMW, Fiat, Alfa Romeo, Lancia, Cadillac, Corvette and Hummer). After the preliminary agreement for the acquisition of car retail activities and spare parts sector of Kontellis Group the company operates the biggest Greek car retail network and one of the larger in the European market.
In 2008, Sfakianakis S.A. expected through both of the retail and wholesale activities (Suzuki) to reach 32.000 car sale units and 11.5% market share of the total Greek car market, which will result that the turnover to exceed 650 mil. euro.
The target of Sfakianakis S.A is that by 2010, the company?s car retail network will be within the 25 bigger retail networks in Europe, and in long-term, through the expansion of the Group in the countries of South-eastern Europe, Sfakianakis S.A. is expected to operate one of the 10 bigger car retail networks in Europe.