Kifissia, November 29^th 2012

PRESS RELEASE

 9M 2012 Group Financial Figures

The ELLAKTOR Group of companies announces its financial results for the period from 01.01.12 to 30.09.12, in accordance with the International Financial Reporting Standards (I.F.R.S.).

Consolidated turnover for the period from 01.01.12 to 30.09.12, is 869.95 million euro compared to 967.64 million euro in the corresponding period of 2011, decreased by 10.10%.

Consolidated earnings before interest and tax (EBIT) for the period from 01.01.12 to 30.09.12, is 96.12 million euro, compared to 36.47 million euro for the corresponding period of 2011, increased by 163.54%. Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) amount to 171.49 million euro compared to 116.28 million euro for the corresponding period of 2011, increased by 47.48%.

Finally, profit after taxes and minority interests amount to 9.02 million euro, compared to loss 36.23 million euro last year. 

Consolidated profit after tax per share was 0.0523 euro compared to loss 0.2101 euro for the corresponding period of 2011.

Specifically:

• For the 9M of 2012, the Group's construction sector (construction and quarries), presented a turnover of 608.66 million euro compared to 687.98 million euro for the corresponding period in 2011, a decrease of 11.53%. Construction operating profit was 16.37 million euro compared to loss 52.68 million euro for the corresponding period of 2011. Loss after tax presented 2.96 million euro compared to loss 65.97 million euro. The group's backlog of signed contracts remains high, currently standing at 2.9 billion euro.
• The Concession sector's consolidated revenue for the 9M of 2012 was 179.68 million euro compared to 205.96 million euro, decreased by 12.76%, operating profit was 56.22 million euro compared to 67.45 million euro, decreased by 16.64%, and net profit after tax was 30.61 million euro compared to 33.52 million euro, decreased by 8.66%.
• In the Environment sector, turnover for the 9M of 2012 was 53.13 million euro compared to 54.20 million euro, decreased by 1.98%, operating profit was 15.04 million euro compared to 16.52 million euro, decreased by 8.98% and earnings after tax 11.16 million euro compared to 12.04 million euro, decreased by 7.27%.
• The Wind energy sector consolidated revenue for the 9M of 2012 was 22.89 million euro compared to 16.70 million euro, increased by 37.07%, operating profit was 13.11 million euro compared to 8.04 million euro, increased by 63.06%, and net profit after tax 4.55 million euro compared to 2.80 million euro, increased by 62.53%.
• The Real estate sector consolidated earnings in the 9M of 2012 were 4.48 million euro compared to 1.70 million euro in the corresponding period of last year, increased by 163.09%, operating result (loss) was 0.14 million euro compared to a loss of 1.11 million euro and loss after tax 2.19 million euro compared to a loss of 2.41 million euro.

There weren't any sales for the 9M of 2012 while the sales were 0.25 million euro for the 9M of 2011.  Earnings before tax, interest, depreciation and amortization  stood at loss 0.17 million euro, loss before tax was 11.80 million euro, and net loss after tax  was 11.88 million euro.