Group Financial Report, Second Quarter 2013
Review
Group invoiced sales Increased by 7.3%, to € 24.9 mio (€ 23.2 mio in 2012).
Net profit after tax and minority rights increased to € 321,000 (losses € -2.0 mio in 2012).
Group Solvency (Equity as a percentage of Total Liabilities without Cash and Securities) as at 30 June 2013 was 48.3%.
Summary Consolidated Profit & Loss Statement (in 000 Euros).
Jan 1- June 30
|
|
2013 |
2012 |
|
Total Sales |
25,157 |
23,273 |
|
Indent Sales |
242 |
60 |
|
Invoiced Sales |
24,915 |
23,213 |
|
Gross Profit |
5,103 |
4,679 |
|
Other Income |
577 |
751 |
|
Administrative, Selling & Marketing Expenses |
(4,524) |
(6,600) |
|
Other Expenses |
(66) |
(35) |
|
Operating Profit |
1,090 |
(1,205) |
|
Net Financial Income (Expenses) and Fx Gain (Loss) |
(729) |
(737) |
|
Depreciation included in Operating Cost |
424 |
771 |
|
Net Profit Before Income Tax |
361 |
(1,942) |
|
Taxes |
(40) |
(123) |
|
Net Profit After Income Tax |
321 |
(2,065) |
|
Minority Rights |
0 |
0 |
|
Net Profit (Loss) After Income Tax & Minority Rights |
321 |
(2,065) |
|
Earnings per Share |
0.046 |
(0.295) |
Summary Consolidated Balance Sheet (in 000 Euros).
|
|
30/6/2013 |
31/12/2012 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash & Securities |
10,129 |
8,551 |
|
Accounts Receivable |
17,368 |
19,181 |
|
Inventories |
8,942 |
10,287 |
|
Other Receivables |
2,635 |
2,047 |
|
|
|
|
|
Non Current Assets |
|
|
|
Intangible Assets |
2,050 |
2,152 |
|
Tangible Assets |
27,745 |
28,163 |
|
Long Term Accounts Receivable |
2,857 |
3,526 |
|
Other Long Term Assets |
1,956 |
2,216 |
|
Total |
73,682 |
76,123 |
|
|
|
|
|
Liabilities |
|
|
|
Short Term Bank Debt |
12,459 |
14,043 |
|
Customer Advances |
11,521 |
12,283 |
|
|
|
|
|
Long Term Bank Debt |
17,700 |
17,753 |
|
Other Long Term Liabilities |
1,315 |
1,348 |
|
|
|
|
|
Net Worth |
30,687 |
30,696 |
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.