ATHENS WATER SUPPLY & SEWAGE Co.

H1 2012 RESULTS

Athens, 31 August 2012

 

H1 2012 RESULTS

 


Increase in profits reported EYDAP for H1 2012. Consolidated earnings before interest and taxes (EBIT) amounted to € 24.05 mn compared to € 13.99 mn in the same period of 2011, increased by 72%.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 40.08 mn compared to € 29.49 mn in the first half of 2011, increased by 35.90%. Accordingly, the Company's EBITDA was shaped at € 40.09 mn €, compared to € 29.49 mn in H1 2011.

The after tax consolidated profit amounted to € 12.18 mn, against € 7.78 mn in the first half of 2011 (53.53% increase).

Finally, the turnover of EYDAP the first half of 2012 amounted to € 162.1 mn from € 165.1 mn in 2011 (-1.85%), due to the decline in revenue from reduction of new water supply meters and revenue from the sewerage services as a result of the decline in construction activity due to the economic downturn.