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Group Financial Performance Q3 & 9M 2004 (pro forma) Canning Square Car Park, Athens.

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Presentation on theme: "Group Financial Performance Q3 & 9M 2004 (pro forma) Canning Square Car Park, Athens."— Presentation transcript:

1 Group Financial Performance Q3 & 9M 2004 (pro forma) Canning Square Car Park, Athens

2 2 9M Financial Highlights Improved performance over 9M Turnover +8.8% to €404.8 m - Gross Profit +6.3% to €58.7 m - EBITDA +1.7% to €51.3 m - EBIT +5.9% to €44.9 m - Pre-Tax Profit after minorities +3.7% to €41.1 m Easing profit margins - Gross margin 14.5% (vs 14.8% in 9M 2003) - EBITDA Margin 12.7% (vs 13.6%) - EBIT Margin 11.1% (vs 11.4%) - Pre-Tax Margin 10.1% (vs 10.7%)

3 3 Third Quarter Financial Highlights Lower profitability versus Q Turnover +14.2% to €144.7 m - Gross Profit -3.4% to €16.1 m - EBITDA -11.2% to €14.0 m - EBIT -8.8% to €11.8 m - Pre-Tax Profit after minorities -12.2% to €10.4 m Subdued profit margins - Gross margin 11.2% (vs 13.2% in Q3 2003) - EBITDA Margin 9.7% (vs 12.4%) - EBIT Margin 8.2% (vs 10.2%) - Pre-Tax Margin 7.2% (vs 9.4%)

4 Group Results – Nine Months 4 amounts in € m9M 20049M 2003chg Turnover % Gross Profit % Other Income Operating Expenses Financial Results-1.6 Extraordinary Results Depreciation included in operating cost Minorities Tax Adjustments Pre-Tax Earnings after Minorities % EBITDA % EBIT %

5 Group Results – Third Quarter 5 amounts in € mQ3 2004Q3 2003chg Turnover % Gross Profit % Other Income Operating Expenses Financial Results Extraordinary Results Depreciation included in operating cost Minorities Tax Adjustments Pre-Tax Earnings after Minorities % EBITDA % EBIT %

6 Consolidated Balance Sheet amounts in € m09/ / /2003 Start-Up Expenses Fixed Assets Current Assets Transitory Accounts Total Assets Shareholders’ Funds Provisions Liabilities Transitory Accounts Total Liabilities Net Debt Capex

7 Group Financial Highlights amounts in € m Turnover Gross Profit 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 (29/11/2004)€318 m P / E9.2x * adjusted for rights issue 7

8 Nine-Monthly Financial Performance 8

9 Quarterly Financial Performance 9

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


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