Group Financial Report, Second Quarter 2012
Review
Group invoiced sales decreased by 26.8%, to € 23.2 mio (€31.7 mio in 2011). Total group sales (including indent sales) also decreased by 26.9 % to € 23.2 mio (€31.8 mio in 2011).
Net profit after tax and minority rights was reduced to €-2. 065 (€-460.000 mio in 2011).
Group Solvency (Equity as a percentage of Total Liabilities without Cash and Securities) as at 30 June 2012 was 46.2%.
Summary Consolidated Profit & Loss Statement (in 000 Euros).
Jan 1- June 30
|
|
2012 |
2011 |
|
Total Sales |
23,273 |
31,836 |
|
Indent Sales |
60 |
98 |
|
Invoiced Sales |
23,213 |
31,738 |
|
Gross Profit |
4,679 |
6,398 |
|
Other Income |
751 |
1,207 |
|
Administrative, Selling & Marketing Expenses |
(6,600) |
(7,526) |
|
Other Expenses |
(35) |
(91) |
|
Operating Profit |
(1,205) |
(12) |
|
Net Financial Income (Expenses) and Fx Gain (Loss) |
(737) |
(486) |
|
Depreciation included in Operating Cost |
771 |
748 |
|
Net Profit Before Income Tax |
(1,942) |
(497) |
|
Taxes |
(123) |
37 |
|
Net Profit After Income Tax |
(2,065) |
(460) |
|
Minority Rights |
0 |
0 |
|
Net Profit (Loss) After Income Tax & Minority Rights |
(2,065) |
(460) |
|
Earnings per Share |
(0.2951) |
(0.0657) |
Summary Consolidated Balance Sheet (in 000 Euros).
|
|
30/6/2012 |
31/12/2011 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash & Securities |
4,324 |
5,747 |
|
Accounts Receivable |
21,505 |
24,935 |
|
Inventories |
13,448 |
11,098 |
|
Other Receivables |
1,990 |
4,867 |
|
|
|
|
|
Non Current Assets |
|
|
|
Intangible Assets |
2,607 |
2,961 |
|
Tangible Assets |
37,254 |
37,348 |
|
Long Term Accounts Receivable |
4,175 |
4,637 |
|
Other Long Term Assets |
1,799 |
1,716 |
|
Total |
87,102 |
93,309 |
|
|
|
|
|
Liabilities |
|
|
|
Short Term Bank Debt |
14,678 |
13,447 |
|
Customer Advances |
11,967 |
16,069 |
|
|
|
|
|
Long Term Bank Debt |
18,873 |
20,020 |
|
Other Long Term Liabilities |
3,317 |
3,441 |
|
|
|
|
|
Net Worth |
38,267 |
40,332 |
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.