Peania, November 29 2007 – INTRAKAT Group released its nine-month of 2007 financial results according to I.F.R.S. in accordance with the International Financial Reporting Standards (I.F.R.S.).
In more detail, consolidated turnover marked 56.1% increase and amounted to 102.7 mil over 65.8 mil, in the respective period of 2006.
Group gross profit also marked significant increase by 174.9% and stood at 10.8 mil. over 3.9 mil in the respective period last year. Accordingly, gross profit margin improved notably and reached 10.5% of the consolidated turnover over 6.0% in the nine-month period of 2006.
Total consolidated earnings before interest, tax and depreciation (EBITDA) marked turnaround and stood at earnings of 5.27 mil in the nine month period of 2007 from losses 1.46 mil. last year.
Likewise, total consolidated earnings before interest and tax (EBIT) reported gain of 2.76 mil from losses of 3.71 mil last year, while total net after taxes and minority interests results (EATAM) formed at losses of 690 thou over losses of 2,032 thou in the respective period of 2006.
It is noteworthy that as from the beginning of 2007 up until September 30, 2007 INTRAKAT Group has undertaken and executes signed projects of a total value of 222 mil in Greece as well as abroad. This fact combined with the results of the nine-month period of 2007, substantiate the solid and positive performance of the Group, which is the result of the successful implementation of management’s strategic decision to participate in projects in its field of expertise, so as to exploit, the best way possible, its know-how and specialization in broadband and natural gas infrastructure projects and to streamline the plant’s operations by increasing its competitive edge and introducing new products.
INTRAKAT was founded in 1987 and belongs to INTRACOM HOLDINGS Group of companies. Since 1999, the company holds a 6th degree contractor license from the Register of Contractor Companies, and as of November 2001 the company listed on the Athens Stock Exchange. In 2005 INTRAKAT merged by absorption with INTRAMET (steel structure company). INTRAKAT has extensive experience and advanced know-how in the fields of constructions of technical projects, steel structure and telecommunication infrastructure projects. Over the past 20 years, the company implements public and private technical projects regarding: building works, infrastructure projects, advanced technology projects and telecommunications infrastructures, industrial and energy projects, E/M installations, steel structures, natural gas distribution projects and environment projects in Greece and abroad. INTRAKAT group employs 572 people.