The consolidated sales of HELLENIC CABLES S.A. increased by 26,5% to 406,5 million Euro in 2007 compared to 321 million Euro in 2006. Similarly the sales of the parent company increased by 27% to 294 million euro.
The consolidated EBITDA of the group reached 36,3 million Euro, compared to 29,3 million Euro in 2006 (23.7% increase), whereas the EBITDA of the parent company reached 20,4 million Euro compared to 18,4 million Euro (11.19% increase). The consolidated earnings before taxes also increased by 12,3% to 20,4 million Euro compared to 18,1 million Euro in 2006, whereas the earnings before taxes of the parent company reached 11,4 million Euro compared to 9,8 million Euro in 2006.
Finally the net consolidated earnings after taxes and minority interests reached 16 million Euro, compared to 14,9 million (7,1% increase), namely 0,589 Euro per share (compared to Euro 0,555 in 2006). As for the parent company, HELLENIC CABLES S.A. increased its net earnings after taxes 8,2 million Euro (0,302 Euro per share), compared to Euro 7,4 million in 2006 (0.275 Euro per share).
Some of the factors that played a major role in increasing the turnover and improving the results were:
- The increase in the volume of sales, combined with the promotion of high added value cables (cables for wind farms, high voltage & halogen-free cables).
- Τhe significant contribution of ICME ECAB, a subsidiary in Romania, which achieved two-digit growth rates, based on the high momentum of the domestic market and the increased mill productivity.
- The effective utilization of large investments realized by the company in the last five years, which have helped expand the range of offered new products in competitive prices.
- The company's commitment to achieving its strategic goals for business excellence, a commitment that was confirmed when the company was presented by the < > the < > award.