Full-year 2007 Financial Results
Total Turnover euro 226.14 m., +35.65%
Net Income euro 53.51m., +106.24%
MICHANIKI SA is pleased to announce strong profitability growth in 2007.
Group level:
- Michaniki Group consolidated turnover increased by 35.65 percent, to euro 226.14 million versus euro 166.71 million in 2006.
- Profit before taxes grew by 111.62%, to euro 71.62 million from euro 33.84 million in 2006.
- Consolidated EBITDA increased by 106.11 percent, to euro78.81 million in 2007 from euro 38.23 million the year before.
- Group Net Income grew by 106.24 percent, to euro 53.51 million in 2007 from euro 25.95 million in 2006.
- Group Net Income (after taxes, Board fees, and after minority rights) grew by 86.34 percent, to euro 47.12 million in 2007 from euro 25.29 million in 2006.
Company level:
- At a parent company level, Michaniki SA's turnover for FY07 increased by 120.40 percent on y/y basis, to euro 145.62 million from euro 66.07 million.
- Profits before taxes increased by 163.11 percent, to euro 31.03 million versus euro 11.79 million in 2006.
- The company's EBITDA stood at euro 24.29 million in 2007, from euro 11.26 million the year before, marking an increase of 115.60 percent.
- Net Income (after tax, Board fees) increased by 189.71 percent to euro 24.77 million in 2007 versus euro 8.55 million in 2006.
MICHANIKI's Management will recommend to the General Assembly of the Shareholders the distribution of euro 0.16 dividend per share.
The publication of the financial results for the FY07 will be officially announced on Thursday, 27th of March.