IMPROVEMENT OF 9M 2009 GROUP'S FIGURES
ELLAKTOR Group of companies announces its financial results for the period 1.1.2009 to 30.9.2009 in accordance with the International Financial Reporting Standards (I.F.R.S.).
Consolidated turnover amounted for the period 1.1.2009 to 30.9.2009 to 1,665 million euro as opposed to 1,254.7 million euro in the respective period 2008, marking an increase of 32.7%.
Consolidated earnings before interest and tax (EBIT) reached for the period of 1.1.2009 to 30.9.2009 at 174.8 million euro versus 162.3 million euro in the respective period 2008, increased by 7.7%. Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) amounted to 248.8 million euro in comparison with 221.7 million euro for the respective period of 2008, increased by 12.2%.
Net earnings after tax and minority interests reached at 72.4 million euro versus 69.3 million euro marking an increase of 4.5%.
Consolidated profit after tax per share stood at 0.42 euro over 0.39 euro in the respective period in 2008.
Specifically:
The Group's construction sector for the nine month period of 2009 presented a turnover of 1,275.2 million euro over 938.8 million euro in the respective period of 2008, increased by 35.8%. Operating profit of the construction sector amounted at 42.2 million euro over 46.9 million euro. Net after tax profit stood at 25.4 million euro versus 32.7 million euro. Significant is the contribution of the projects abroad, representing more than 30% of the construction sector?s turnover. The Group?s backlog based on signed contracts exceeds today 3.5 billion euro, while there are contracts pending to be signed of the amount of 1.2 billion euro.
Concessions sector's consolidated revenue for the nine month period of 2009 amounted to 243.2 million euro versus 195.7 million euro increased by 24.3%, operating profit 112 million euro over 105.1 million euro increased by 6.6% and net profit after tax 65.4 million euro in comparison with 65.2 million euro.
In the Environment sector, the Group reported for the nine month period of 2009 consolidated turnover 84.8 million euro versus 79.9 million euro increased by 6.1%, operating profit of 15.4 million euro in comparison with 13 million euro increased by 18.5% and net profit after tax of 11.4 million euro over 6.9 million euro increased by 64.8%.
In Wind energy sector the Group presented for the nine month period of 2009 revenues at 7.7 million euro over 4.8 million euro increased by 60.6%. Operating results amounted to 3.3 million euro in comparison with 2.1 million euro increased by 59.8%.
The quarries sector for the nine month period of 2009 presented turnover 34.1 million euro over 22.2 million euro in the respective period last year, increased by 54.2% and operating results of earnings of 5.3 million euro over 2 million euro, increased by 166.3%. Profit after tax stood at 3.1 million euro as opposed to losses of 0.6 million euro in the nine month period of 2008.
The real estate sector reported for the nine month period of 2009 consolidated turnover totalling 3.3 million euro over 5.4 million euro in the respective period last year decreased by 39%, operating results (losses) of 3.5 million euro and losses after tax of 2.9 million euro.
On a parent company level turnover amounted to 0.4 million euro over 1.7 million euro in the respective period of 2008. Results before interest, tax, depreciation and amortization reached at losses of 1.7 million euro, earnings before tax amounted to 22.2 million euro and net profits after tax stood at 22 million euro for the nine month period of 2009.