Delta Group announces today its financial results for FYE 2004 in accordance with IFRS (International Financial Reporting Standards), thus maintaining its commitment towards the financial community. It is stressed that this is done while it is not committed legally in doing so, since according to the law, first time IFRS implementation is required for the financials of Q1 2005. As such, under IFRS, which will be the Accounting Standards applicable to all listed companies from now on, the main figures for the Group are as follows:
- Sales of Delta Group amount to euros 691million unchanged vs. the published financial results under Greek Accounting Standards (Greek G.A.A.P).
- EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) amount to euros 105.4 million vs. euros 109.3 million under Greek G.A.A.P.
-Earnings Before Taxes amount to euros 61.2 million vs. euros 52.8 million under Greek G.A.A.P.
- Net worth of the Group amounts to euros 344 million vs. euros 351 million under Greek G.A.A.P.
Analytically, the Financial Statements together with the accompanying financial notes are available on DELTA Group?s website: www.delta.gr