Peania, Friday August 31 2012 – INTRAKAT Group announced its first half FY 2012 financial results in accordance with the International Financial Reporting Standards (IFRS):

Group

The Group's turnover for the first half of 2012 totaled € 50.3 million, as compared to €67.5 million in the first half of 2011, a 25.5% drop.

Earnings before interest, tax, depreciation and amortization (EBITDA) were €2.5 million as compared to €5.3 million in 2011.

Earnings/(losses) after taxes and non controlling interest formed at losses € -944 thousand for the 6M 2012 period over profits € 919 thousand the equivalent period  in 2011, due to additional provisions for doubtful debts formed in the period under review.

Parent company

The Company's turnover amounted to €30.4 million over €37.0 million, a 17.8% drop over the first half of 2011.

Earnings before interest, tax, depreciation and amortization (EBITDA) were €835 thousand, over €3.9 million in 2011.

The INTRAKAT group has managed to avoid significant losses in the present extremely difficult economic conditions and maintain its position stable among the top five Greek construction companies.

By exploiting its 3 contractors' licences (INTRAKAT 7th grade, PRISMA DOMI ATE 5th grade and EUROKAT 3rd grade) the Group participates competitively in tendering procedures for new construction projects while it maintains stable its backlog.

The company's backlog as of June 30, 2012 amounted to €223 million. In addition, up to August 2012 it has been awarded €119 million new contracts out of which new projects of a €15 million budget have already been signed.

About Intrakat

INTRAKAT was founded in 1987 and is a member of the INTRACOM HOLDINGS Group of companies.  It has been listed on the Athens Stock Exchange since 2001 and is classified in the Register of Contractor Companies as a holder of a seventh class contractor's certificate.  In 2005 it merged with Intramet, a steel construction company.  Backed by its lengthy experience, INTRAKAT executes high technology, specialized projects in the technical area (construction – infrastructure) and in the areas of the environment, renewable energy sources, technology and telecommunications infrastructures, energy, industrial plants, metal constructions, real estate development and natural gas in Greece and abroad.  The Intrakat Group employs 418 persons.

Contact person

Ioanna Papavasiliou, Intrakat Communications Department

T: 21–06674346  E: ipapav@intrakat.gr   Web: www.intrakat.com