EVROPI HOLDINGS SOCIETE ANONYME
Six Month Period Results (01.01-30.06.09)
I.KLOUKINAS-I.LAPPAS SA announces the results for the period 01.01-30.06.09:
Sales and profits of the parent company (commercial company) are as follows:
The company's turnover amounted to 19.113 thousand euro over 15.464 thousand euro, an increase of 23,60 % over the first semester of 2008.
The company's profits before interest, tax and depreciation (EBITDA) amounted to 4.663 thousand euro over 3.315 thousand euro, an increase of 40,66 % over the first semester of 2008.
The company's profits before interest and tax (EBIT) amounted to 4.013 thousand euro over 2.743 thousand euro, an increase of 46,30 % over the first semester of 2008.
The company's profits pre-taxes amounted to 3.544 thousand euro over 2.215 thousand euro, an increase of 60,00 % over the first semester of 2008.
The company's profits after taxes amounted to 2.551 thousand euro over 1.603 thousand euro, an increase of 59,14 % over the first semester of 2008.
Sales and profits of the group are as follows:
The Group's turnover amounted to 36.193 thousand euro over 33.330 thousand euro, an increase of 8,59 % over the first semester of 2008.
The Group's profits before interest, tax and depreciation (EBITDA) amounted to 6.829 thousand euro over 6.072 thousand euro, an increase of 12,47 % over the first semester of 2008.
The Group's profits before interest and tax (EBIT) amounted to 5.879 thousand euro over 5.206 thousand euro, an increase of 12,93 % over the first semester of 2008.
The Group's profits pre-taxes amounted to 5.081 thousand euro over 4.222 thousand euro, an increase of 20,35 % over the first semester of 2008.
The profits after taxes and rights of minority amounted to 3.515 thousand euro , over 2.936 thousand euro, an increase of 19,72% over the first semester of 2008.
Construction Activity
Given the crisis that the construction sector is facing, which affects directly the company, a decrease of the turnover and of the results is expected over the last fiscal year. The extend of this decrease can not be estimated given the fact that the subsidiary "IOANNIS KLOUKINAS-IOANNIS LAPPAS CONSTRUCTION SOCIETE ANONYME" is undertaking short-term construction works.
Commercial activity
The course of the commercial activity during the first semester of 2009 is considered satisfactory under the present conditions of economic crisis and uncertainty , it presented an increase of sales by 17,13% and of profits by 32,87%. We are not in the position though to forecast the results for the end of the fiscal year 2009 neither can we for the next ones.
Consequently the management of the company, as it had already notified with previous announcement commenting on the results of fiscal year 2008, proceeds in a revision of the previous forecasts announced in April 2008, concerning the next three year period. Taking into consideration the present conditions of economic uncertainty the management is not in the position to proceed with future predictions.
Sales and profits of the parent company (commercial company) are as follows:
The company's turnover amounted to 19.113 thousand euro over 15.464 thousand euro, an increase of 23,60 % over the first semester of 2008.
The company's profits before interest, tax and depreciation (EBITDA) amounted to 4.663 thousand euro over 3.315 thousand euro, an increase of 40,66 % over the first semester of 2008.
The company's profits before interest and tax (EBIT) amounted to 4.013 thousand euro over 2.743 thousand euro, an increase of 46,30 % over the first semester of 2008.
The company's profits pre-taxes amounted to 3.544 thousand euro over 2.215 thousand euro, an increase of 60,00 % over the first semester of 2008.
The company's profits after taxes amounted to 2.551 thousand euro over 1.603 thousand euro, an increase of 59,14 % over the first semester of 2008.
Sales and profits of the group are as follows:
The Group's turnover amounted to 36.193 thousand euro over 33.330 thousand euro, an increase of 8,59 % over the first semester of 2008.
The Group's profits before interest, tax and depreciation (EBITDA) amounted to 6.829 thousand euro over 6.072 thousand euro, an increase of 12,47 % over the first semester of 2008.
The Group's profits before interest and tax (EBIT) amounted to 5.879 thousand euro over 5.206 thousand euro, an increase of 12,93 % over the first semester of 2008.
The Group's profits pre-taxes amounted to 5.081 thousand euro over 4.222 thousand euro, an increase of 20,35 % over the first semester of 2008.
The profits after taxes and rights of minority amounted to 3.515 thousand euro , over 2.936 thousand euro, an increase of 19,72% over the first semester of 2008.
Construction Activity
Given the crisis that the construction sector is facing, which affects directly the company, a decrease of the turnover and of the results is expected over the last fiscal year. The extend of this decrease can not be estimated given the fact that the subsidiary "IOANNIS KLOUKINAS-IOANNIS LAPPAS CONSTRUCTION SOCIETE ANONYME" is undertaking short-term construction works.
Commercial activity
The course of the commercial activity during the first semester of 2009 is considered satisfactory under the present conditions of economic crisis and uncertainty , it presented an increase of sales by 17,13% and of profits by 32,87%. We are not in the position though to forecast the results for the end of the fiscal year 2009 neither can we for the next ones.
Consequently the management of the company, as it had already notified with previous announcement commenting on the results of fiscal year 2008, proceeds in a revision of the previous forecasts announced in April 2008, concerning the next three year period. Taking into consideration the present conditions of economic uncertainty the management is not in the position to proceed with future predictions.