Group Financial Report, First Quarter 2014
Review
Group invoiced sales increased by 11,3% to € 11.4 mio (€10.2 mio in 2013).
Losses after tax and minority rights were € -44.000 (€-210,000 losses in 2013).
Group Solvency (Equity as a percentage of Total Assets without Cash and Cash Equivalents) as at 31 March 2014 was 51,2%.
Summary Consolidated Profit & Loss Statement (in 000 Euro).
Jan 1- March 31
|
|
2014 |
2013 |
|
Invoiced Sales |
11,401 |
10,242 |
|
Gross Profit |
2,418 |
2,107 |
|
Other Income |
347 |
396 |
|
Administrative, Selling & Marketing Expenses |
(2,421) |
(2,290) |
|
Other Expenses |
(2) |
(5) |
|
Operating Profit /(Loss) |
342 |
208 |
|
Net Financial Income (Expenses) and Fx Gain (Loss) |
(337) |
(441) |
|
Depreciation included in Operating Cost |
205 |
221 |
|
Net Profit / (Loss) Before Income Tax |
5 |
(233) |
|
Income Tax |
(49) |
23 |
|
Net Profit (Loss) After Income Tax |
(44) |
(210) |
|
Minority Rights |
0 |
0 |
|
Net Profit (Loss) After Income Tax & Minority Rights |
(44) |
(210) |
|
Earnings per Share |
(0.006) |
(0.030) |
Summary Consolidated Balance Sheet (in 000 Euro).
|
|
31/3/2014 |
31/12/2013 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash & Securities |
7,858 |
14,149 |
|
Accounts Receivable |
14,489 |
14,805 |
|
Inventories |
8,918 |
9,123 |
|
Other Receivables |
2,522 |
1,701 |
|
|
|
|
|
Non Current Assets |
|
|
|
Intangible Assets |
2,370 |
2,448 |
|
Tangible Assets |
27,602 |
27,537 |
|
Long Term Accounts Receivable |
2,235 |
2,411 |
|
Other Long Term Assets |
2,179 |
2,071 |
|
Total |
68,173 |
74,245 |
|
|
|
|
|
Liabilities |
|
|
|
Short Term Bank Debt |
7,000 |
8,737 |
|
Customer Advances |
11,784 |
15,064 |
|
|
|
|
|
Long Term Bank Debt |
16,600 |
17,600 |
|
Other Long Term Liabilities |
1,940 |
1,960 |
|
|
|
|
|
Net Worth |
30,849 |
30,884 |
Petros Petropoulos AEBE was established in Thessaloniki in 1922. It manufactures, modifies, distributes and supports a wide range of automotive products including automobiles, trucks and buses, generating sets, diesel engines, boats, outboard engines, agricultural, earthmoving and industrial equipment, batteries and lubricants. The Company has a leading position in the Greek market in the sectors which it serves.
For further information, please contact Ms. Athina Tsiaga, tel.:210 3499211.