ATHEX: PLAT
Reuters: THRr.AT
Bloomberg: PLAT GA
The purpose of the current release is to present the Group’s financial results for the first quarter of the current year.
Specifically, the basic financial results of the Group during the first quarter of 2019 versus the respective period of 2018 settled as follows:
Consolidated Turnover |
€83.57 million versus € 78.52 million in first quarter of 2018 |
(+6.4%) |
Consolidated Gross Profit |
€16.78 million versus € 16.97 million in first quarter of 2018 |
(-1.1%) |
Consolidated ΕΒΙΤ* |
€4.56 million versus € 4.57 million in first quarter of 2018 |
(-0.3%) |
Consolidated EBITDA* |
€8.39 million versus € 7.81 million in first quarter of 2018 |
(+7.4%) |
Consolidated EBT |
€3.06 million versus € 3.14 million in first quarter of 2018 |
(-2.5%) |
Consolidated EATAM |
€2.09 million versus € 2.30 million in first quarter of 2018 |
(-9.4%) |
Basic Earnings per share |
€ 0.0466 versus € 0.0514 in first quarter of 2018 |
(-9.3%) |
The total Equity on 31.03.2019 amounted to € 139.7 million compared to € 141.6 million on 31.12.2018 with the Net Bank Debt standing at € 88.1 million compared to € 78.3 million on 31.12.2018. The ratio Net Bank Debt / Total Equity settled at 0.6x versus 0.5x on 31.12.2018. It is noted that bank debt has been burdened by 2.34 million euro due to liabilities in relation to rights of use following the adoption of IFRS 16 effective from 01-01-2019. If the above liability is not included, the increase in Net Bank Debt settles at 9.5%.
For further clarifications or information regarding the present release you may refer to Ms Ioanna Karathanasi, Head of Investor Relations, tel.: + 30 210-9875081.
* 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.