Peania, November 30, 2011
INTRAKAT Group announced its 9M 2011 financial results in accordance with the International Financial Reporting Standards (IFRS):
Group turnover for the nine month period of 2011 totaled €95.7 million over €142.8 million in the respective period last year, decreased by 33%.
Earnings before interest, tax, depreciation and amortization (EBITDA) were €7.4 million as compared to €7.6 million in 2010, a 2.37% decrease.
Profits after taxes and non controlling interest formed at €740 thousand over €2.9 million in 2010, decreased by 74.85%.
The Company’s turnover amounted to €50.7 million over €98.3 million, a 48.4% drop over in the nine month period of 2010.
Earnings before interest, tax, depreciation and amortization (EBITDA) were €5.1 million, down 30.1% from €7.3 million.
The Group’s short-term liabilities at the end of the nine month period of 2011 decreased by 17.6% to €122.7 million as compared to €148.9 million in the same period last year, while at the Company level there was a 24.02% decrease from €97.8 million to €74.3 million.
The company’s backlog as of September 30, 2011 amounted to €187.5 million in addition to €109.2 million in new contracts which it has been awarded and awaits their signature.
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 391 persons.
Ioanna Papavasiliou, Intrakat Communications Department
T: 21–06674346 E: email@example.com Web: www.intrakat.com