Group Financial Report, Third Quarter 2016
Review
Group invoiced sales for the nine months to September 30th 2015 increased by 25.5% to
€71.783M (€57.189M in 2015).
EBITDA increased also by 6% to €4.537M (€4.291M in 2015).
Earnings before income tax were €2.728M (€1.568M in 2015), while earnings after income tax and minority rights were €1.792M (€0.740M in 2015).
Group Solvency (Equity as a percentage of Total Liabilities without Cash and Securities) as at 30 September 2016 was 55% (59% on 31.12.2015).
Summary Consolidated Profit & Loss Statement (in 000 Euro).
Jan 1- Sept 30
|
|
2016 |
2015 |
|
Total Sales |
71,815 |
57,265 |
|
Indent Sales |
32 |
76 |
|
Invoiced Sales |
71,783 |
57,189 |
|
Gross Profit |
12,084 |
10,642 |
|
Other Income |
1,235 |
1,151 |
|
Administrative, Selling & Marketing Expenses |
(9,007) |
(7,909) |
|
Other Expenses |
(477) |
(255) |
|
Operating Profit |
3,835 |
3,629 |
|
Other Taxes |
0 |
(1,156) |
|
Net Financial Income (Expenses) and Fx Gain (Loss) |
(1,107) |
(905) |
|
Depreciation included in Operating Cost |
702 |
662 |
|
Net Profit/(Loss) Before Income Tax |
2,728 |
1,568 |
|
Taxes |
(936) |
(828) |
|
Net Profit/(Loss) After Income Tax |
1,792 |
740 |
|
Minority Rights |
0 |
0 |
|
Net Profit /(Loss)After Income Tax & Minority Rights |
1,792 |
740 |
|
Earnings/(Loss) per Share |
0.255 |
0.105 |
Summary Consolidated Balance Sheet (in 000 Euro).
|
|
30/9/2016 |
31/12/2015 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash & Securities |
12,990 |
18,597 |
|
Accounts Receivable |
15,137 |
13,233 |
|
Inventories |
8,637 |
6,111 |
|
Other Receivables |
4,915 |
1,949 |
|
|
|
|
|
Non Current Assets |
|
|
|
Intangible Assets |
1,568 |
1,853 |
|
Tangible Assets |
25,074 |
24,909 |
|
Long Term Accounts Receivable |
958 |
1,201 |
|
Other Long Term Assets |
1,351 |
1,640 |
|
Total |
70,630 |
69,493 |
|
|
|
|
|
Liabilities |
|
|
|
Short Term Bank Debt |
15,165 |
15,920 |
|
Customer Advances |
15,090 |
13,766 |
|
|
|
|
|
Long Term Bank Debt |
6,800 |
6,800 |
|
Other Long Term Liabilities |
1,647 |
2,214 |
|
|
|
|
|
Net Worth |
31,928 |
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.