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Group Financial Performance Q1 2004 (pro forma). 2 First Quarter 2004 - Financial Highlights Sustainable growth trend - Turnover +7.9% to €120.4 m - Gross.

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Presentation on theme: "Group Financial Performance Q1 2004 (pro forma). 2 First Quarter 2004 - Financial Highlights Sustainable growth trend - Turnover +7.9% to €120.4 m - Gross."— Presentation transcript:

1 Group Financial Performance Q (pro forma)

2 2 First Quarter Financial Highlights Sustainable growth trend - Turnover +7.9% to €120.4 m - Gross Profit +11.7% to €20.3 m - EBITDA +10.1% to €18.4 m - EBIT +15.2% to €16.3 m - Pre-Tax Profit after minorities +17.2% to €15.7 m Widening profit margins - Gross margin 16.8% (vs 16.3% in Q1 2003) - EBITDA Margin 15.3% (vs 15.0%) - EBIT Margin 13.5% (vs 12.7%) - Pre-Tax Margin 13.0% (vs 12.0%)

3 Group Results – First Quarter amounts in € mQ1 2004Q1 2003chg Turnover % Gross Profit % Other Income Operating Expenses Financial Results Extraordinary Results Depreciation included in operating cost Minorities Tax Adjustments0.0 Pre-Tax Earnings after Minorities % EBITDA % EBIT %

4 Consolidated Balance Sheet amounts in € m03/ / /2003 Start-Up Expenses Fixed Assets Current Assets Transitory Accounts Total Assets Shareholders’ Funds Provisions Liabilities Transitory Accounts Total Liabilities Net Debt Capex

5 Group Financial Highlights amounts in € m Turnover EBITDA Pre-Tax Earnings (after minorities) Net Earnings Shareholders’ Funds EPS€0.38 * €0.30€0.39€0.47 DPS€0.10 €0.30€0.32 Market Capitalisation (28/05/2004)€322 m P / E9.3x * adjusted for rights issue 5

6 Quarterly Financial Performance 6

7 INVESTING IN THE FUTURE Investor Relations Officer Angelos Kiosklis 9 Frangokklisias St, , Marousi, Greece tel fax


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