Full Year 2005 Results

The consolidated turnover of the Group Hyatt Regency Hotels and Tourism (Hellas) SA for 2005 (1.1.2005 - 31.12.2005), according to the International Financial Reporting Standards, amounted to 307,6 Million Euro, compared to 297,5 Million Euro for 2004. The consolidated EBITDA amounts to 106,1 Million Euro compared to 110,8 million Euro, representing a decrease of 4,2%, while the net consolidated profit before tax and minority interests of the Group amounts to 107,9 Million Euro. The increase is due to the extraordinary profit of 17 Million Euro realised from the sale of 20,1% of the shares held in Hellenic Hotels Lampsa SA on January 31st 2005, calculated according to IFRS. The net profits attributable to the Company's shareholders, after tax of 31,6 Million Euro and minority interests of 15,8 Million Euro, amount to 60,6 Million Euro, compared to 46,7 Million Euro in 2004. Excluding the extraordinary profit from the sale of the shares held in Lampsa, the net after tax profits for 2005 show a slight decrease over the profits of 2004. The turnover of the holding Company for 2005 decreased by 1,98% and amounted to 172,9 Million Euro, compared to 176,4 Million Euro in 2004. The EBITDA of the holding Company for 2005 amounted to 66,4 Million Euro, showing a decrease of 8,4% compared to 2004. Net profits before tax of the holding Company for 2005 amounted to 59,8 Million Euro compared to 60,2 Million Euro in 2004, whilst the profits after tax amounted to 40 Million Euro compared to 38,6 Million Euro in 2004. The slight decrease in the results of the Casino in Thessaloniki are due to the increased marketing expenses and the lower spend per customer. The consolidated results of the Group include the Company "Hellenic Casino of Mont Parnes SA" (full consolidation), with a turnover of 143,3 Million Euro for 2005 (1.1.2005 - 31.12.2005), compared to 130,3 Million Euro for the corresponding period of 2004. From the above mentioned turnover for 2005, revenue from table games amounted to 71 Million Euro, whilst revenue from slot machines amounted to 70,4 Million Euro. Visitors to Regency Casino Mont Parnes for the period show an increase of 11,5% compared to 2004 and amount to 769.600 visitors. Despite the efforts of management, the license for the renovation of Mont Parnes has not yet been issued by the appropriate authority. However, the Board of Directors are optimistic that the license will be issued, although the possibility of further delays cannot be excluded. Correspondingly, there is a delay in the issuance of the license for the installation of the new advanced technological systems for casino games by the appropriate authorities. As it was previously announced, the holding Company sold its investment in the casino of Tirana, due to the new investment strategy. Due to the fact that an interim dividend of 0,22 Euro per share amounting to 18,5 Million Euro was distributed, the Board of Directors will propose to the General Assembly of the shareholders of the Company the distribution of a further dividend of 0,11 Euro per share in addition to the above interim dividend. Finally, as previously announced, the main shareholder of the holding Company changed and today the Company's majority shareholder is an entity controlled by funds advised by BC Partners Limited and according to Greek Law, the Board of the Company is awaiting the relevant public offering to the minority shareholders from the new shareholder. The aforementioned results will be published in the press on Friday March 17th, 2006.


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