SFAKIANAKIS S.A.
Announcement
During the Company's General Meeting of Shareholders on 18/06/2008 the financial statements for fiscal year 2007 were approved, and the results of the first quarter of 2008 as well as the forecast for fiscal year 2008 were presented.
Moreover, it was decided the dividend distribution of total amount euro 9,893,100 or euro 0.25 per share, which is increased by 50% in comparison to the previous fiscal year. Beneficiaries of the dividend will be the holders of Company's shares at the end of the Athens Stock Exchange's trading session on Friday, June 20, 2008, and ex-dividend date is assigned Monday, June 23, 2008. Consequently, from that day Company's shares will be traded to the Athens Stock Exchange ex dividend. The date of the commencement of dividend payment was assigned June 30th 2008.
1/1 -31/03/2008
Company?s turnover, during the first quarter of 2008, amounted to euro 95.8 mil., while operating income amounted to euro 12.0 mil. and net profit after tax reached to euro 6.9 mil.
At group level, turnover during the first quarter of 2008 amounted to euro 115.7 mil. increased by 18.7% compared to the respective period of 2007 and EBITDA amounted to euro 16.7 mil. increased by 20% compared to the respective quarter of 2007.
Significant increase by 26.3% presented consolidated net profit before tax which reached to euro 8.7 mil. while net profit after tax amounted to euro 6.4 mil. increased by 38.1% compared to ? 4.6 mil. of the relevant period of 2007.
Group's equity reached euro 124.3 mil. increased by 13.7% compared to the equity of euro 109.3 mil. of the relevant 2007 quarter.
Forecast 31/12/2008
Group's turnover for fiscal year 2008 is expected to come up to around euro 625.0 mil. and net profit before tax to reach about euro 40.0 mil.
Both the results of fiscal year 2007 and those of the first quarter of 2008 affirm the strategy for continuous growth of SFAKIANAKIS Group of companies through buy-outs but also organic increase in the basic sectors of its activities in Greece, Cyprus, Bulgaria and FYROM were it is already active but also in the wider region of the South-eastern Europe.
In this framework on February 2008 the absorption of the retail activities (Ford, Volvo, Fiat, Alfa Romeo, Lancia) and the spare parts sector (Ford) of Kontellis group of companies was completed, on May 2008 the absorption of the respective activities of G. Koulouris S.A. (BMW) was completed while it is in progress the completion of the agreement for the acquisition of Ergotrak S.A. (Linde, Case, Cummins, Hitachi, Compare, Ausa) from S&B.
Moreover, it was decided the dividend distribution of total amount euro 9,893,100 or euro 0.25 per share, which is increased by 50% in comparison to the previous fiscal year. Beneficiaries of the dividend will be the holders of Company's shares at the end of the Athens Stock Exchange's trading session on Friday, June 20, 2008, and ex-dividend date is assigned Monday, June 23, 2008. Consequently, from that day Company's shares will be traded to the Athens Stock Exchange ex dividend. The date of the commencement of dividend payment was assigned June 30th 2008.
1/1 -31/03/2008
Company?s turnover, during the first quarter of 2008, amounted to euro 95.8 mil., while operating income amounted to euro 12.0 mil. and net profit after tax reached to euro 6.9 mil.
At group level, turnover during the first quarter of 2008 amounted to euro 115.7 mil. increased by 18.7% compared to the respective period of 2007 and EBITDA amounted to euro 16.7 mil. increased by 20% compared to the respective quarter of 2007.
Significant increase by 26.3% presented consolidated net profit before tax which reached to euro 8.7 mil. while net profit after tax amounted to euro 6.4 mil. increased by 38.1% compared to ? 4.6 mil. of the relevant period of 2007.
Group's equity reached euro 124.3 mil. increased by 13.7% compared to the equity of euro 109.3 mil. of the relevant 2007 quarter.
Forecast 31/12/2008
Group's turnover for fiscal year 2008 is expected to come up to around euro 625.0 mil. and net profit before tax to reach about euro 40.0 mil.
Both the results of fiscal year 2007 and those of the first quarter of 2008 affirm the strategy for continuous growth of SFAKIANAKIS Group of companies through buy-outs but also organic increase in the basic sectors of its activities in Greece, Cyprus, Bulgaria and FYROM were it is already active but also in the wider region of the South-eastern Europe.
In this framework on February 2008 the absorption of the retail activities (Ford, Volvo, Fiat, Alfa Romeo, Lancia) and the spare parts sector (Ford) of Kontellis group of companies was completed, on May 2008 the absorption of the respective activities of G. Koulouris S.A. (BMW) was completed while it is in progress the completion of the agreement for the acquisition of Ergotrak S.A. (Linde, Case, Cummins, Hitachi, Compare, Ausa) from S&B.