Group Financial Report, Second Quarter 2016
August 4, 2016
Review
Group invoiced sales increased by 24.8%, to € 49.3M (€39.5M in 2015).
EBITDA increased also by 22.4% to €3.476M (€2.841M in 2015).
Earnings before income tax were €2,275,434 (€586,836 in 2015), while earnings after income tax and minority rights were €1,602,619 (€72,630 in 2015).
Net debt decreased by 47% to €5,759M (€10,851M in 30.6.2015). Cash and Securities increased by 9% to €16,173M (€14,806M on 30.6.2015).
Equity amounted to €31.794M (€30.793M on 31.12.2015).
Group Solvency (Equity as a percentage of Total Liabilities without Cash and Securities) as at 30 June 2016 was 58% (55% on 30.6.2015).
Summary Consolidated Profit & Loss Statement (in 000 Euros).
Jan 1- June 30
|
|
2016 |
2015 |
|
Total Sales |
49,379 |
39,616 |
|
Indent Sales |
25 |
64 |
|
Invoiced Sales |
49,354 |
39,552 |
|
Gross Profit |
8,113 |
7,110 |
|
Other Income |
863 |
732 |
|
Administrative, Selling & Marketing Expenses |
(5,668) |
(5,343) |
|
Other Expenses |
(292) |
(90) |
|
Operating Profit |
3,016 |
2,409 |
|
Other Taxes |
0 |
(1,176) |
|
Net Financial Income (Expenses) and Fx Gain (Loss) |
(740) |
(646) |
|
Depreciation included in Operating Cost |
460 |
431 |
|
Net Profit Before Income Tax |
2,276 |
587 |
|
Taxes |
(673) |
(514) |
|
Net Profit After Income Tax |
1,603 |
73 |
|
Minority Rights |
0 |
0 |
|
Net Profit (Loss) After Income Tax & Minority Rights |
1,603 |
73 |
|
Earnings per Share |
0.228 |
0.010 |
Summary Consolidated Balance Sheet (in 000 Euros).
|
|
30/6/2016 |
31/12/2015 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash & Securities |
16,173 |
18,597 |
|
Accounts Receivable |
14,167 |
13,233 |
|
Inventories |
8,945 |
6,111 |
|
Other Receivables |
2,517 |
1,949 |
|
|
|
|
|
Non Current Assets |
|
|
|
Intangible Assets |
1,682 |
1,853 |
|
Tangible Assets |
25,067 |
24,909 |
|
Long Term Accounts Receivable |
1,027 |
1,201 |
|
Other Long Term Assets |
1,640 |
1,640 |
|
Total |
71,218 |
69,493 |
|
|
|
|
|
Liabilities |
|
|
|
Short Term Bank Debt |
15,132 |
15,920 |
|
Customer Advances |
15,498 |
13,766 |
|
|
|
|
|
Long Term Bank Debt |
6,800 |
6,800 |
|
Other Long Term Liabilities |
1,994 |
2,214 |
|
|
|
|
|
Net Worth |
31,794 |
30,793 |
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.