Group Financial Report, First Quarter 2013
Review
Group invoiced sales decreased by 9.3% to € 10.2 mio (€11.3 mio in 2012).
Losses after tax and minority rights were € -210,000 (€-846,000 losses in 2012).
Group Solvency (Equity as a percentage of Total Assets without Cash and Cash Equivalents) as at 31 March 2013 was 47.2%
Summary Consolidated Profit & Loss Statement (in 000 Euro).
Jan 1- March 31
|
|
2013 |
2012 |
|
Invoiced Sales |
10,242 |
11,292 |
|
Gross Profit |
2,107 |
2,220 |
|
Other Income |
396 |
312 |
|
Administrative, Selling & Marketing Expenses |
(2,290) |
(3,216) |
|
Other Expenses |
(5) |
(17) |
|
Operating Profit /(Loss) |
802 |
(702) |
|
Net Financial Income (Expenses) and Fx Gain (Loss) |
(441) |
(317) |
|
Depreciation included in Operating Cost |
221 |
388 |
|
Net Profit / (Loss) Before Income Tax |
(233) |
(1,019) |
|
Income Tax |
23 |
173 |
|
Net Profit (Loss) After Income Tax |
(210) |
(846) |
|
Minority Rights |
0 |
0 |
|
Net Profit (Loss) After Income Tax & Minority Rights |
(210) |
(846) |
|
Earnings per Share |
(0.03) |
(0.12) |
Summary Consolidated Balance Sheet (in 000 Euro).
|
|
31/3/2013 |
31/12/2012 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash & Securities |
8,006 |
8,551 |
|
Accounts Receivable |
16,561 |
19,181 |
|
Inventories |
9.285 |
10.287 |
|
Other Receivables |
2.631 |
2.047 |
|
|
|
|
|
Non Current Assets |
|
|
|
Intangible Assets |
2,096 |
2,152 |
|
Tangible Assets |
28,065 |
28,163 |
|
Long Term Accounts Receivable |
3,305 |
3,526 |
|
Other Long Term Assets |
1,920 |
2,216 |
|
Total |
71,869 |
76,123 |
|
|
|
|
|
Liabilities |
|
|
|
Short Term Bank Debt |
13,088 |
14,043 |
|
Customer Advances |
9,473 |
12,283 |
|
|
|
|
|
Long Term Bank Debt |
17,833 |
17,753 |
|
Other Long Term Liabilities |
1,330 |
1,348 |
|
|
|
|
|
Net Worth |
30,145 |
30,696 |
The Company was established in Thessaloniki in 1922. It manufactures, modifies, distributes and supports a wide range of automotive products including automobiles, trucks, buses, generating sets, diesel engines, boats, outboard engines, agricultural, batteries, earthmoving and industrial equipment. The Company has a leading position in the Greek market in the sectors of its activity.
For further information, please contact Ms. Athina Tsiaga, tel.: 210 3499211.