Review:
Group sales during the period 1st January-30 September 2006 increased by 6,6% to Euro 64,7 million (Euro60.7 mio in 2005). Group invoiced sales during the same period increased by 15% to Euro63.4 million (Euro55.1 in 2005). Net profit before tax increased by 36% to Euro2.9 mio (Euro2.2 mio in 2005).
Sales growth was achieved by the Commercial Vehicles Division and especially by Scania trucks, Isuzu pickups and Isuzu light-duty trucks. In the Automotive Machinery Division, sales of Engines & Boats and Industrial Equipment Business Units increased, while in the Petrogen, and Agricultural Equipment Business Units they decreased compared to last year.
Group Solvency (Equity plus Provisions as a percentage of Total Liabilities without Cash and Securities) was 46,4% at 30.09.2006.
Financial information for the period will be published on November 17th 2006.
Prospects for 2006:
Profit after income tax for the year is expected to be at the same level as in 2005
The Company was established in Thessaloniki in 1922. It manufactures, modifies, distributes and supports a wide range of automotive products including automobiles, trucks, buses, generating sets, diesel engines, boats, outboard engines, agricultural, earthmoving and industrial equipment. The Company has a leading position in the Greek market in the sectors of its activity.