ATHENS WATER SUPPLY & SEWAGE Co.
Financial Results 2003
EBT increased by 28,2% in 2003 compared to the previous year ,jumping to 61,6 ml euros from 48,1 ml euros in 2002.
Turnover for the same period rised by 15,7% reaching 329,9 ml euros from 285 ml euros in 2002.Furthermore the company's investments during 2003 increased by 9,6% totaling 72,9 ml euros compared to 66,5 ml euros in 2002 EBITDA also rised by 17% to 86,3 ml euros from 73,7 ml euros in 2002.
Operating expenses before depreciation was 75,3% of sales in 2003 compared to 75,8% in 2002.
Finally, depreciation increased by 5,8% to 31,5 ml euros against 29,8 ml euros in 2002.As a result EBIT reached 54,8 ml euros from 44 ml euros in 2002,while EBIT margin shaped at 16,6 % from 15,4% the previous year.