INTRAKAT GROUP- 9M 2012 FINANCIAL RESULTS UNDER IFRS
Peania, November 30, 2012 – INTRAKAT Group announced its 9M 2012 financial results in accordance with the International Financial Reporting Standards (IFRS):
The Group’s turnover for the nine month period of 2012 totaled € 83.2 million compared to € 95.7 million in the respective period of last year, marking a decrease of 13.11%.
Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 4.1 million compared to € 7.4 million, recording a decrease of 44.77%.
Losses after taxes and non controlling interests amounted to € -1.2 million against profits of € 740 thousand in 2011.
The Company’s turnover amounted to € 47 million over € 50.7 million, recording a decrease of 7.3% over the nine month period of 2011.
Earnings before interest, tax, depreciation and amortization (EBITDA) amounted to € 1.55 million compared to € 5.14 million, recording a drop of 69.84%.
Significant effect on the results of both the Group and the Company had mainly additional provisions for doubtful debts formed in the period under review.
The Group and Company bank liabilities recorded a decrease compared to the twelve month period of 2011 and amounted to € 33.76 million over € 36.9 million for the Group and to € 24.77 million over € 26.61 million for the Company, decreased by 8.5% and 6.9% respectively. Other Group and Company liabilities remained stable at the levels of 2011.
On 30/09/2012, the backlog of projects undertaken by INTRAKAT Group amounted to € 250 million, plus € 102 million in new contracts for which it awaits their final signature.