Announcement of the Financial Results of the 9-month Period of 2016
PRESS RELEASE
Friday, 18 November 2016
FINANCIAL RESULTS OF THE 9-MONTH PERIOD OF 2016
ATHEX: PLAT
Reuters: THRr.AT
Bloomberg: PLATGA
The purpose of the current release is to present the Group's financial results for the first nine months of the current financial year 2016 and to highlight the basic factors that contributed to such.
The course of the Group's results during the third quarter of the current financial year was positive as well.
The basic factors that contributed to the improvement of the results and the profit margins are the following:
- Increase of the sales volume in both basic business segments of the Group (namely the Technical Fabrics and the Packaging)
- Further reduction of the fixed production expenses per kilo
- Improvement of the product mix
- Positive effect of the exchange rate Euro/GBP in the valuation of loans and deposits in foreign currency of the Group's subsidiaries which have the British Pound as their denomination currency
More specifically, the basic financial figures of the Group during the nine-month period of 2016 compared to the corresponding period of 2015, settled as following:
|
Consolidated Turnover |
€225.5 mil. versus € 222.6 mil. in the 9-month period of 2015 |
(+1.3% ) |
|
Cons. Gross Profit |
€53.2 mil. versus € 47.4 mil. in the 9-month period of 2015 |
(+12.4%) |
|
Cons. ΕΒΙΤ |
€19.5 mil. versus € 17.2 mil. in the 9-month period of 2015 |
(+13.3%) |
|
Cons. EBITDA |
€28.5 mil. versus € 24.5 mil. in the 9-month period of 2015 |
(+16.2% ) |
|
Cons. EBT |
€17.0 mil. versus € 13.2 mil. in the 9-month period of 2015 |
(+29.2% ) |
|
Cons. EATAM |
€13.4 mil. versus € 9.8 mil. in the 9-month period of 2015 |
(+37.2% ) |
|
Basic Earnings per share (in €) |
0.3053 versus 0.2207 in the 9-month period of 2015 |
(+38.3%) |
The Net Bank Debt of the Group amounted to € 54.3 million on 30.09.2016 compared to € 42.4 on 31.12.2015. The “Net Bank Debt to Equity” ratio settled at 0.4x remaining at relatively low levels.
For further clarifications or information regarding the present release you may refer to Ms Ioanna Karathanasi, Head of Investor Relations, tel.: + 30 210-9875081
IR Release