Kifissia 07 December 2018
CODE:
Announcement on the commentary of Eneaminoy financial statements 2018
Continues the
profitable course the company
paperpack SA, and in the period of Eneaminoy from 1/1/2018 until 30/09/2018. Particular:
the
turnover of the company amounted to
12.469th.€ against 11.676 mm € the respective period of the previous year, showing a rise in 6,80%
.
In
gross margin modeled in
26,36% against 29,60% the corresponding period of the previous year. The decrease in margin is primarily due to the increase in depreciation 225 mm € by investing in new equipment, as well as increasing
the cost of raw materials and payroll costs.
Operating profit
(EBITDA) of the company amounted to
1.756 thous.€ against 2.123 thousand € in the corresponding period of the previous year. The decrease is mainly due to a decrease in 256 mm € of other farm revenue, which the corresponding previous period came from profits of goods sold machines that were replaced by new equipment, as well as the increase in the cost of raw materials and wages due to an increase in the number of workers and increase their hours of employment.
Ta pre-tax results framed in
profits 986 thous.€ against 1.635 thousand € in the corresponding period of the previous year
.
Earnings after taxes framed in
650 thous.€ against 1.103 thousand € in the corresponding period of the previous year
.
The number of personnel employed the company's 30/09/2018 amounts to
163 people while the 30/09/2017 amounted to 151 people.
Basic earnings per share framed in
0,1644 € €0.2789 versus the corresponding period of the previous year
.
The company introduced
positive cash flows 864 thous. € versus positive flows 1.547 thous. € and
cash the amount to
2.375 thous.€ against 3.364 thous.€
the corresponding period of the previous year
. The reduction in operating flows primarily due to an increase in inventories and receivables due to the increase of turnover.
Net debt net of cash of the company stood at
5.624 thous.€ against 4.054 mm € that was the 31/12/2017. The increase in net borrowing is mainly due to the financing of the investment plan of the company, which was completed in this period as well as in the reduction of cash due to the payment of an exceptional dividend by 10/7/2018 decision of the extraordinary general meeting of shareholders.
Download
here the pdf