The exceptionally successful progress of SFAKIANAKIS S.A. continued in the first semi-quarter of 2007 while company's position has been further strengthened in both the markets of automobiles and motorcycles.
Turnover, profit after tax and Suzuki's market share presented significant increase for the first semi-quarter of 2007 compared to the respective period of 2006.
Market share for Suzuki new cars presented an increase of 6.1%, based on registrations, and it was raised to 5.2% compared to 4.9% in 2006.
At group level (consolidated figures) in the first semi-quarter of 2007, the turnover amounted to euro 219.5 mil., while gross profit reached to euro 66.5 mil., increased by 10.0% and 23.9% respectively compared to 2006. A significant increase of 141.0% presented Group profit after tax which reached to euro 15.7 mil. compared to the euro 6.5 mil. of the relevant semi-quarter of 2006.
At company level, which incorporate apart, form the retail automobile business activities of Opel, Ford, Volvo and Cadillac, the retail automobile and motorcycle business of BMW, the turnover amounted to euro 181.6 mil., and gross profit reached to euro 47.0 mil. Profit after tax reached to euro 18.4 mil. compared to euro 11.8 mil. of the relevant semi-quarter of 2006, presenting on increase of 55.6%.
The dynamic development of Sfakianakis Group, is verified by the financial results of the first semi-quarter of 2007. Sfakianakis Group of companies is currently active in Greece, Cyprus, FYROM and Bulgaria, with a workforce of over 1.600.