ATHEX: PLAT
Reuters: THRr.AT
Bloomberg: PLAT GA
The purpose of the current release is to present the Group’s financial results for the year 2016 and to highlight the basic factors that contributed to such.
.
The major highlights of the period are summarized as follows:
-Increase of sales volume in both sectors of business activity (Technical Fabrics & Packaging)
-Reduction of raw material prices
-Further containment of the fixed production expenses
-Improvement of the product mix in both sectors of the Group’s business activity
-Increase of the Net Bank Debt as result of the extended investment program of the Group which was financed in part via the use of bank debt
Basic Financial Figures of the Group for Fiscal Year 2016
The basic financial figures of the Group during the financial year 2016 compared the year 2015, settled as follows:
(amounts in Euro thousand) |
2016 |
2015 |
% Change |
Group Turnover |
291,900 |
289,396 |
0.9% |
Group Gross Profit |
66,403 |
59,374 |
11.8% |
Group EBIT* |
22,905 |
19,080 |
20.0% |
GroupEBITDA* |
35,160 |
28,980 |
21.3% |
Group Earnings before Taxes |
18,327 |
13,284 |
38.0% |
Group Earnings after Taxes & MI |
13,384 |
9,788 |
36.7% |
Earnings per share
(in euro) |
0.304 |
0.2204 |
37.9% |
*Note
Alternative Performance Measures (APM)
During the description of the developments and the performance of the Group, ratios such as the EBIT and the EBITDA are utilized.
EBIT (The indicator of earnings before the financial and investment activities as well as the taxes)
The EBIT serves the better analysis of the Group’s operating results and is calculated as follows: Turnover plus other operating income minus the total operating expenses, before the financial and investment activities. The EBIT margin (%) is calculated by dividing the EBIT by the turnover.
EBITDA (The indicator of operating earnings before the financial and investment activities as well as the depreciation, amortization, impairment and taxes)
The EBITDA serves the better analysis of the Group’s operating results and is calculated as follows: Turnover plus other operating income minus the total operating expenses before the depreciation of fixed assets, the amortization of grants and the impairments, as well as before the financial and investment activities. The EBITDA margin (%) is calculated by dividing the EBITDA by the turnover.