Group Financial Report, Third Quarter 2014
Review
Group invoiced sales for the nine months to September 30th 2014 increased by 22,7% to € 46,5 mio (€37.9mio in 2013).
Net profit after tax and minority rights was €1.368.000 (€397.000 in 2013).
Group Solvency (Equity as a percentage of Total Liabilities without Cash and Securities) as at Sept 30, 2014 was 53.4%.
Summary Consolidated Profit & Loss Statement (in 000 Euro).
Jan 1- Sept 30
|
|
2014 |
2013 |
|
Total Sales |
46,573 |
38,188 |
|
Indent Sales |
98 |
275 |
|
Invoiced Sales |
46,475 |
37,913 |
|
Gross Profit |
9,131 |
7,571 |
|
Other Income |
1,113 |
1,018 |
|
Administrative, Selling & Marketing Expenses |
(7.753) |
(6,832) |
|
Other Expenses |
(32) |
(69) |
|
Operating Profit/(Loss) |
2,459 |
1,688 |
|
Net Financial Income (Expenses) and Fx Gain (Loss) |
(1,006) |
(1,204) |
|
Depreciation included in Operating Cost |
611 |
632 |
|
Net Profit/(Loss) Before Income Tax |
1,453 |
484 |
|
Taxes |
(85) |
(87) |
|
Net Profit/(Loss) After Income Tax |
1,368 |
397 |
|
Minority Rights |
0 |
0 |
|
Net Profit /(Loss)After Income Tax & Minority Rights |
1,368 |
397 |
|
Earnings/(Loss) per Share |
0.196 |
0.057 |
Summary Consolidated Balance Sheet (in 000 Euro).
|
|
30/9/2014 |
31/12/2013 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash & Securities |
6,534 |
14,149 |
|
Accounts Receivable |
16,289 |
14,805 |
|
Inventories |
7,833 |
9,123 |
|
Other Receivables |
2,478 |
1,701 |
|
|
|
|
|
Non Current Assets |
|
|
|
Intangible Assets |
2,232 |
2,448 |
|
Tangible Assets |
27,408 |
27,537 |
|
Long Term Accounts Receivable |
2,144 |
2,411 |
|
Other Long Term Assets |
2,056 |
2,071 |
|
Total |
66,974 |
74,245 |
|
|
|
|
|
Liabilities |
|
|
|
Short Term Bank Debt |
5,583 |
8,737 |
|
Customer Advances |
10,607 |
15,064 |
|
|
|
|
|
Long Term Bank Debt |
16,600 |
17,600 |
|
Other Long Term Liabilities |
1,927 |
1,960 |
|
|
|
|
|
Net Worth |
32,257 |
30,884 |
Petros Petropoulos AEBE was established in Thessalonica 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 Mrs.Athina Tsiaga, tel.: 210 3499211.