Group Financial Report, Second Quarter 2014
Group Financial Report, Second Quarter 2014
Review
Group invoiced sales Increased by 21.9%, to €30.4 mio (€24.9 mio in 2013).
Net profit after tax and minority rights increased to €915,000 (€ 321,000 mio in 2013).
Group Solvency (Equity as a percentage of Total Liabilities without Cash and Securities) as at 30 June 2014 was 51.2%.
Summary Consolidated Profit & Loss Statement (in 000 Euros).
Jan 1- June 30
|
|
2014 |
2013 |
|
Total Sales |
30,425 |
25,157 |
|
Indent Sales |
52 |
242 |
|
Invoiced Sales |
30,373 |
24,915 |
|
Gross Profit |
5,919 |
5,103 |
|
Other Income |
812 |
577 |
|
Administrative, Selling & Marketing Expenses |
(4,970) |
(4,524) |
|
Other Expenses |
(20) |
(66) |
|
Operating Profit |
1,741 |
1,090 |
|
Net Financial Income (Expenses) and Fx Gain (Loss) |
(717) |
(729) |
|
Depreciation included in Operating Cost |
405 |
424 |
|
Net Profit Before Income Tax |
1,024 |
361 |
|
Taxes |
(109) |
(40) |
|
Net Profit After Income Tax |
915 |
321 |
|
Minority Rights |
0 |
0 |
|
Net Profit (Loss) After Income Tax & Minority Rights |
915 |
321 |
|
Earnings per Share |
0.131 |
0.046 |
Summary Consolidated Balance Sheet (in 000 Euros).
|
|
30/6/2014 |
31/12/2013 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash & Securities |
8,738 |
14,149 |
|
Accounts Receivable |
17,116 |
14,805 |
|
Inventories |
8,542 |
9,123 |
|
Other Receivables |
2,506 |
1,701 |
|
|
|
|
|
Non Current Assets |
|
|
|
Intangible Assets |
2,308 |
2,448 |
|
Tangible Assets |
27,389 |
27,537 |
|
Long Term Accounts Receivable |
2,156 |
2,411 |
|
Other Long Term Assets |
2,149 |
2,071 |
|
Total |
70,904 |
74,245 |
|
|
|
|
|
Liabilities |
|
|
|
Short Term Bank Debt |
6,760 |
8,737 |
|
Customer Advances |
13,790 |
15,064 |
|
|
|
|
|
Long Term Bank Debt |
16,600 |
17,600 |
|
Other Long Term Liabilities |
1,941 |
1,960 |
|
|
|
|
|
Net Worth |
31,813 |
30,884 |
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 Tsiagka, tel: 210 3499211.