Peania, Thursday May 31, 2012
INTRAKAT Group announced its Q1 2012 financial results in accordance with the International Financial Reporting Standards (IFRS):
Group turnover for the three month period of 2012 totaled €23.5 million over €33.2 million in the respective period last year, decreased by 29.4%.
Earnings before interest, tax, depreciation and amortization (EBITDA) were €1.9 million as compared to €2.5 million in 2011. Profits after taxes and non controlling interest formed at €504 thousand over €596 thousand in 2011.
The Company’s turnover amounted to €15.0 million over €19.2 million, a 22.0% drop over the three month period of 2011.
Earnings before interest, tax, depreciation and amortization (EBITDA) were €1.2 million, over €2.3 million last year. Profits after taxes and non controlling interest formed at €184 thousand over €518 thousand in 2011.
The Group’s short-term borrowings at the end of the 3M period of 2012 decreased by 6.2% to €34.9 million as compared to €37.2 million in the same period last year, while at Company level there was a 5.2% decrease from €26.9 million to €25.5 million in 2012.
The Group’s backlog as of March 31, 2012 amounted to €201 million in addition to €172 million in new contracts that it has been awarded and of which until today contracts of €38.6 million have already been signed.
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 399 persons.