Group Financial Report, Third Quarter 2013
Review
Group invoiced sales for the nine months to September 30th 2013 increased by 7,6 % to € 37.9 mio (€35.2 mio in 2012). Total group sales (including indent sales) also increased by 8% to € 38.2 mio (€35.3 mio in 2012).
Net profit after tax and minority rights was €397,000 (€-2.5 mio losses in 2012).
Group Solvency (Equity as a percentage of Total Liabilities without Cash and Securities) as at Sept 30, 2013 was 52.5%.
Summary Consolidated Profit & Loss Statement (in 000 Euro).
Jan 1- Sept 30
|
|
2013 |
2012 |
|
Total Sales |
38,188 |
35,306 |
|
Indent Sales |
275 |
78 |
|
Invoiced Sales |
37,913 |
35,228 |
|
Gross Profit |
7,571 |
7,174 |
|
Other Income |
1,018 |
1,022 |
|
Administrative, Selling & Marketing Expenses |
(6,832) |
(9,244) |
|
Other Expenses |
(69) |
(59) |
|
Operating Profit/(Loss) |
1,688 |
(1,107) |
|
Net Financial Income (Expenses) and Fx Gain (Loss) |
(1,204) |
(1,221) |
|
Depreciation included in Operating Cost |
632 |
1,115 |
|
Net Profit/(Loss) Before Income Tax |
484 |
(2,328) |
|
Taxes |
(87) |
(203) |
|
Net Profit/(Loss) After Income Tax |
397 |
(2,531) |
|
Minority Rights |
0 |
0 |
|
Net Profit /(Loss)After Income Tax & Minority Rights |
397 |
(2,531) |
|
Earnings/(Loss) per Share |
0.057 |
(0.361) |
Summary Consolidated Balance Sheet (in 000 Euro).
|
|
30/9/2013 |
31/12/2012 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash & Securities |
11,077 |
8,551 |
|
Accounts Receivable |
14,505 |
19,181 |
|
Inventories |
7,654 |
10,287 |
|
Other Receivables |
2,483 |
2,047 |
|
|
|
|
|
Non Current Assets |
|
|
|
Intangible Assets |
1,946 |
2,152 |
|
Tangible Assets |
27,638 |
28,163 |
|
Long Term Accounts Receivable |
2,484 |
3,526 |
|
Other Long Term Assets |
1,935 |
2,216 |
|
Total |
69,722 |
76,123 |
|
|
|
|
|
Liabilities |
|
|
|
Short Term Bank Debt |
10,614 |
14,043 |
|
Customer Advances |
9,334 |
12,283 |
|
|
|
|
|
Long Term Bank Debt |
17,700 |
17,753 |
|
Other Long Term Liabilities |
1,303 |
1,348 |
|
|
|
|
|
Net Worth |
30,771 |
30,696 |
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 Tsiaga, tel.: 210 3499211.