ROKAS Group of Companies releases on Thursday 22 May 2008 its Q1 2008 consolidated financial results according to International Financial Reporting Standards, as those have been adopted by the European Union, and more specifically according to IAS 34 "Interim Financial Reporting".
The Group's turnover for Q1 of 2008 amounted to euro 13.0 mil. as opposed to euro 12.5 mil. in the respective period, showing an increase of 3.4%. This increase of turnover is mainly attributed to higher sales of the Electromechanical Sector, as compared to Q1 of 2007.
The Gross Profit fell to euro 5.2 mil. as opposed to euro 5.8 mil. for Q1 of 2007 decreased by 9.3%, while the Gross Profit Margin amounted to 40.5% as opposed to 46.2% in the respective period of 2007, due to lower Energy sales.
EBITDA stood for Q1 of 2008 at euro 7.1 mil. as opposed to euro 7.8 mil. in 2007 marking a decrease of 9.7%.
EBIT amounted to euro 4.9 mil. as opposed to euro 5.7 mil. in Q1 of 2007, decreased by 13.6%.
ΕΒΤ fell to euro 4.5 mil. in Q1 of 2008 as opposed to euro 5.6 mil. in the respective period last year, decreased by 19.1%. This decrease is mainly attributed to the Group's increased Financial Expenses for Q1 of 2008.
ΕΑΤΑΜ amounted to euro 3.3 mil. as opposed to euro 4.8 mil. for the Q1 of 2007 showing a decrease of 31.0%. This change is attributed to the aforementioned reasons as well as the increased tax liabilities of Q1 2008.
NOTE: The Financial Statements and the Data and Information of Q1 2008 will be posted on the company's website on the internet: www.rokasgroup.gr, on the release date.
For any further information please contact:
Mr. Christian Thomas, CFO & IRO,
tel. +30 210-8774100, e-mail: cthomas@rokasgroup.gr