FINANCIAL RESULTS FOR THE FISCAL YEAR 2012
PRESS RELEASE
FINANCIAL RESULTS FOR THE FISCAL YEAR
01/01/2012 – 31/12/2012
The consolidated turnover of VIOHALCO, for the fiscal year 2012, amounted to € 3,316 mil., lower by 6,2%, compared with the previous year 2011.
The consolidated earnings before taxes, financing, investing results and depreciation (“EBITDA”) amounted to € 159.4 mil., compared with € 176.6 in 2011, lower by 9,7%. The depreciation for the year, increased by 1,4%, amounted to € 146 mil. The consolidated results before taxes and minority rights amounted to € 74.9 mil. losses, compared with € 47.1 mil. losses in 2011.
The consolidated net results after taxes and minority rights amounted to € 50.1 mil. losses, (or € -0.2512 loss per share), compared with € 42.6 mil. losses, (or € -0.2139 per share) in 2011.
The financial results were negatively affected, first of all, by the continued severe crisis of the Greek economy, as well as the recession inWestern Europe, where the majority of the exports of the company's subsidiaries is sold. An important factor was also the decrease of the demand of products, related to construction, in the local market.
In addition, the increase in the financial cost and the cost of energy further squeezed the profit margins.
The results before taxes of VIOHALCO S.A. for the year 2012 amounted to a € 1.5 mil. loss, compared with € 1.4 mil. loss for 2011 and the net results after taxes amounted to a € 0.3 mil. loss (or € -0.0016 per share) compared with a € 1.5 mil. loss for 2011 (or € -0.0077 per share).
Publication on Thursday March 7, 2013, after the end of the trade session of the Athens Exchange.
The Financial data and information for the period 01/01 – 31/12/2012 are published in folio, dated March 8, 2013, in the Athens daily newspaper KATHIMERINI, and together with the Annual Financial Statements, appear in the Company's web site, at the address: www.viohalco.gr, as well as the web site of the Athens Exchange: www.athex.gr.
07/03/2013