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Monthly Press
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| 26/11/2009 |
KLEEMANN HELLAS S.A.
AEGEAN AIRLINES S.A.
HELLENIC DUTY FREE SHOPS S.A.
LAMDA DEVELOPMENT S.A.
TERNA ENERGY S.A.
S & B INDUSTRIAL MINERALS S.A.
GEK TERNA HOLDING, REAL ESTATE, CONSTRUCTION S.A.
MYTILINEOS HOLDINGS S.A.
MOTOR OIL (HELLAS) CORINTH REFINERIES SA
Forthnet S.A.
EUROBANK PROPERTIES REIC
EMPORIKI BANK OF GREECE S.A.
ATTICA HOLDINGS S.A.
EUROMEDICA S.A.
ELLAKTOR S.A.
THRACE PLASTICS CO.
GR. SARANTIS S.A.
MICHANIKI S.A.
SIDENOR S.A. (FORMER ERLIKON)
ATHENS WATER SUPPLY & SEWAGE Co.
HELLENIC DUTY FREE SHOPS S.A.
ELMEC SPORT S.A.
ELBISCO HOLDING S.A.
EUROBANK PROPERTIES REIC
FOLLI - FOLLIE S.A.
ELLAKTOR S.A.
ELEFTHERI TILEORASI S.A.
MARFIN POPULAR BANK PUBLIC CO LTD
DROMEAS S.A. OFFICE FURNITURE INDUSTRY
MARFIN POPULAR BANK PUBLIC CO LTD
SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA
SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA
EUROMEDICA S.A.
SFAKIANAKIS S.A.
MARFIN POPULAR BANK PUBLIC CO LTD
MARFIN POPULAR BANK PUBLIC CO LTD
I. KLOUKINAS - I. LAPPAS S.A.CONSTR. AND COM.COMP.
F.G. EUROPE S.A.
ELASTRON S.A.
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KLEEMANN HELLAS S.A. : RESULTS 3Q 2009
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The Kleemann Group maintained in the third quarter of the year, the efficiency gains accomplished during the second quarter, and combined them with improved liquidity. At the same time, it tries to mitigate the fall in turnover by entering new markets abroad and promoting new products.
For example, a change in the cooperation has helped the access to a significant market share in Poland while the cooperation with one of the largest independent elevator companies in Australia, has given a significant boost to the Group products. As a result, over 20% of export turnover comes from new clientele. Simultaneously, new products such as escalators, parking systems, mechanical lifts, the flexy lift and cabins for lifts for goods have depicted considerable dynamic increase.
In particular, the consolidated turnover amounted to euros 70.51 million, compared with euros 87.42 million in the corresponding period of 2008, a decrease of 19.3%. Gross profit of the Group remained reduced at 21.0%, from euros 30.09 million to euros 23.78 million. Consolidated earnings before interest, tax and amortization (EBITDA) showed a smaller decrease of 27.3% from euros 14.87 million to euros 10.81 million while in the first semester it was 28.2%, which demonstrates the efforts being made on cost-reduction. Similarly, pre-tax profits of the period amounted to euros 8.41 million compared to euros 11.74 million in the corresponding period of last year, while profit after tax and minority interests decreased from euros 7.37 million to 5.05 million, showing a fall 28.4% and 31.5% respectively, while similar changes in the first half of the year were 30.8 % and 32.9%.
It must be reminded that the financial data of the parent company have been burdened with 325 thousand euros due to the impairment of the subsidiary Moda Cabina ABEE. Without this, the profit margin before tax of the parent would be improved by about 5.9%. It should be noted that during the third quarter, careful consideration was given into reducing part of customer balances and withholding supplier balances, thus leading to improved operating cash flow by euros 13.38 million and bank debt reduction by euros 7.5 million.
At the same time, investments in infrastructures in the examined period reached at euros 1.61 million with most notably the construction of the high speed testing tower, the total cost of which, will exceed the amount of euros 4,00 million
Finally, within the context of developing strategic moves and in collaboration with the well known industrial designer A. Zapatinas, the company in the recent international elevator fair "Interlift 2009", has introduced its new innovative brand "Kleemann design" that refers to pioneering cabin and door design.
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AEGEAN AIRLINES S.A. : Nine-Month 2009 results - Press release
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Press release |
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HELLENIC DUTY FREE SHOPS S.A. : Share buyback
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HELLENIC DUTY FREE SHOPS S.A. announces that, in accordance with article 4 par. 4 of the 2273/2003 Regulation of the EU Committee and the article 16 par. 5 of the law 2190/1920, following the decisions of its Annual General Assembly, dated on 18.06.2009, and its Board of Directors, dated on 18.06.2009, acquired own shares, through the ASE member N. KOMNINOS Securities S.A., as follows:
On 25.11.2009 the Company acquired 3,650 shares, for an average price of euro 5.76 per share, of total value euro 21,031.47.
In total the Company holds, 791,500 shares representing 1.5026% of its issued share capital.
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LAMDA DEVELOPMENT S.A. : Share buyback
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In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4, LAMDA Development S.A. (the Company) announces that following the decision of the Annual General Meeting of the Shareholders of the Company and the Board of Directors' resolution (dated May 5, 2009) purchased own shares through the Athens Exchange Member Eurobank EFG Securities Investment Firm S.A., as follows:
On November 25, 2009 the Company purchased 1.746 shares, with average cost price euro 7,39 per share and total purchase price euro 12.902,88 |
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TERNA ENERGY S.A. : Share buyback
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| TERNA ENERGY S.A. informs the investors that, in compliance with article 4 par. 4 of the Regulation no. 2273/2003 of the Commission of the European Communities and according to article 16 of the Codified Law 2190/1920, as amended and currently in force, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 23.06.2008 and the Decision of the Board of Directors dated 23.06.2008, proceeded on November 25, 2009 through the member of the A.S.E. FORTIUS FINANCE S.A., with the purchase of 9,735 TERNA ENERGY's shares at an average price of 5.7519 euros per share and at with a total transaction value of 55,994.80 euros. |
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S & B INDUSTRIAL MINERALS S.A. : Share Buy back
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S&B Industrial Minerals S.A. announces in accordance with article 4 par.4 of Commission Regulation no 2273/2003 of the European Communities, that the Company has proceeded to the purchase of own shares, pursuant to the decision of the Annual General Meeting of Shareholders dated 14th May 2008 and the resolution of the Board of Directors dated 8th April 2008, as follows :
On 25.11.2009, the Company purchased 1.000 shares, with an average purchase price Euro 4,81 per share and a total purchase price Euro 4.810,00.
The above 1.000 shares were purchased through Alpha Finance.
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GEK TERNA HOLDING, REAL ESTATE, CONSTRUCTION S.A. : Share buyback
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| GEK TERNA S.A. informs the investors that, in compliance with article 4 par. 4 of the Regulation no. 2273/2003 of the Commission of the European Communities and according to article 16 of the Codified Law 2190/1920, as amended and currently in force, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 25.06.2008 and the Decision of the Board of Directors dated 25.06.2008, proceeded on November 25, 2009 through the member of the A.S.E. FORTIUS FINANCE S.A., with the purchase of 14,000 GEK TERNA's shares at an average price of 5.8007 euros per share and at with a total transaction value of 81,210.00 euros. |
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MYTILINEOS HOLDINGS S.A. : Announcement of business developments
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The Groups of MOTOR OIL and MYTILINEOS hereby announce the establishment of a joint company, whereby the partners will participate with an equal stake, which will engage in importing and trading activities of all kinds of Natural Gas (LNG, CNG, etc.).
The Natural Gas will be used for the needs of the industrial facilities and the power production plants of the two Groups, as well as for sale to third parties, in Greece or abroad.
Within the context of the above, the partners agreed to take delivery and sell jointly a 65,000 cubic meter LNG cargo, expected to arrive at Revythousa on December 2nd.
Additional information regarding the legal name of the new company, the share capital, the location of the headquarters and the management will be announced in due course.
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MOTOR OIL (HELLAS) CORINTH REFINERIES SA : ANNOUNCEMENT OF BUSINESS DEVELOPMENTS
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The Groups of MOTOR OIL and MYTILINEOS hereby announce the establishment of a joint company, whereby the partners will participate with an equal stake, which will engage in importing and trading activities of all kinds of Natural Gas (LNG, CNG, etc.).
The Natural Gas will be used for the needs of the industrial facilities and the power production plants of the two Groups, as well as for sale to third parties, in Greece or abroad.
Within the context of the above, the partners agreed to take delivery and sell jointly a 65,000 cubic meter LNG cargo, expected to arrive at Revythousa on December 2nd.
Additional information regarding the legal name of the new company, the share capital, the location of the headquarters and the management will be announced in due course.
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Forthnet S.A. : Press Relase - Results for the Q3.09, Trading Update and operating performance.
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| Read the Press Release.
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EUROBANK PROPERTIES REIC : Announcement of acquisition of own shares.
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In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4, Eurobank Properties REIC ("the Company") announces that following the decision of the Annual General Meeting of the Shareholders of the Company (dated March 16th, 2009) and the Board of Directors' resolution (dated March 16th, 2009), purchased, own shares through the Athens Exchange Member Eurobank EFG Securities Investment Firm S.A. as follows:
On November 25, 2009 the Company purchased 2.500 shares, with average price euro 8.06 per share and total purchase price euro 20.152.
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EMPORIKI BANK OF GREECE S.A. : Notification of information as per L.3556/2007
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| "Emporiki Bank of Greece S.A.", according to the provisions of L.3556/2007 (articles 3 (xvi), (bb) and 21), in conjunction with article 11 of Decision 1/434/3.7.2007 of Capital Market Commission, notifies that "Credit Agricole S.A." (person obliged to notify pursuant to article 13 of L.3340/2005), acquired, on 24.11.2009, 18,101 common registered shares of "Emporiki Bank of Greece S.A." with a total net value of euro 83,183.15.
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ATTICA HOLDINGS S.A. : DECISIONS OF THE EXTRAORDINARY GENERAL MEETING
OF SHAREHOLDERS
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The Extraordinary General Shareholders Meeting of Attica Holdings S.A. took place on 25th November, 2009. Shareholders of 130,118,769 shares, or 91.88% of 141,613,700 registered shares were present at the meeting.
The Extraordinary General Meeting decided on the following:
1. Approved unanimously the increase of the Company's share capital in cash by issuing 22,658,192 new common registered shares with priority rights to existing shareholders. The exchange ratio is 4 new shares for every 25 old shares and the selling price of the new shares was determined to Euro 2.00 per share.
2. Approved the amendment of Art. 5 of the Company?s Articles of Incorporation (Share Capital - Shares).
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EUROMEDICA S.A. : Release of Q3 2009 financial results
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| EUROMEDICA S.A. hereby informs the investing public and shareholders that the condensed Interim Financial Statements of the Company for Q3 2009, shall be published in the newspaper KERDOS on Wednesday, November 27, 2009. The aforementioned statements shall also be posted, on the same day, on the website of the Athens Exchange (www.athex.gr) and the Company's website www.euromedica.gr
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ELLAKTOR S.A. : Announcement
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| See the Invitation of the Management of ELLAKTOR, regarding conference call for '9M 2009 Financial Results'.
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THRACE PLASTICS CO. : 3Q 2009 Financial Release Date
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| The Company Thrace Plastics Co S.A. informs the investors that the 3Q 2009 financial results will be published on Monday, November 30, 2009. More specifically the "Information and Figures" will be published in the IMERISIA newspaper and together with the Financial Statements according to IFRS and the respective Press Release will be posted on the ASE website (www.ase.gr) as well as the Company website (www.thraceplastics.gr).
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GR. SARANTIS S.A. : Announcement of Regulated Information According to the L.3556
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| The company GR. SARANTIS S.A. announces, according to the article 21 of the L.3556/2007 and the article 11 of the Hellenic Capital Market Commission decision 1/434/3.07.07 that Mrs. Elpiniki Saranti, person connected to the Non-Executive member of the BoD Mr. Pantazis Sarantis, proceeded on 24/11/09 to the purchase of 3,000 (three thousand) common shares at the price of 4.81 euros (four euros and eight one cents) of total value 14,424.20 euros (forteen thousand four hundred twenty four euros and twenty cents).
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MICHANIKI S.A. : Results of the 9-month period of 2009
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Results of the 9-month period of 2009 - The unexecuted works of the group exceed the amount of euro 1.1 billion
On the occasion of publicizing the financial results of the nine months of 2009, the Administration of the MICHANIKI Group announces the results' main points:
On the parent company level, MICHANIKI SA achieved:
-The net earnings after taxes, BoD fees, and tax-audit differences amounted to euro16.95 million compared to euro6.27 million for the corresponding period of 2008, increased by 170.31%.
-Earnings before taxes amounted to euro19.40 million compared to euro11.00 million of the corresponding period last year, increased by 76.40%.
-Earnings before interest, taxes, depreciation and amortization (EBITDÁ) amounted to euro20.51 million compared to euro22.60 million for the corresponding period of 2008, showing a decrease of 9.27%.
-Turnover during the nine months of 2009 amounting to euro92.09 million compared to euro136.15 million for the corresponding period of 2008, showing a decrease of 32.36%.
On a Group level:
-The consolidated net earnings after taxes, BoD fees, and tax-audit differences and after the deduction of the minority rights amounted to euro10.63 million compared to euro31.93 million for the corresponding period of 2008, decreased by 66.71%
-The consolidated net earnings after taxes, BoD fees, and tax-audit differences amounted to euro10.21 million compared to euro39.17 million for the corresponding period of 2008, decreased by 73.93%
-Earnings before taxes amounted to euro12.48 million compared to euro56.42 million for the corresponding period last year, showing a decrease of 77.89%.
-The consolidated earnings before interest, taxes, depreciation and amortization (EBITDÁ) amounted to euro18.80 million compared to euro73.16 million for the corresponding period of 2008, showing a decrease of 74.30%.
-The consolidated turnover for the nine-month period of 2009 amounted to euro114.51 million compared to euro172.24 million for the corresponding period of 2008, decreased by 33.52%.
The increase in the profitability of the parent company during the nine-month period of 2009 is mainly the result of: a) the increase of the results of the affiliated companies (joint ventures) by euro3.4 million; b) the improvement of the financial results by euro7.1 million; c) the decrease in the administration expenses by euro0.8 million, compared to the corresponding period of the previous year.
The decreased profits of the group are mainly due to the zero revenues during the nine-month period of 2009 from the evaluation of the investment real estate compared to euro42,49 million in the nine-month period of 2008.
The total unexecuted sum of the Group amounts to euro 1,162 million and of the Parent Company to euro428 million from public works and euro92 million from self-financed projects. The unexecuted activities abroad concern the real estate development projects in Russia and Ukraine for which building permits have been acquired.
During the 2009 third quarter, the difficult conditions created at the beginning of the year in the real estate market of Eastern Europe continued. These conditions are the result of the international financial and economic crisis. In this framework, the Group undertook a series of measures, such as the postponement of the construction commencement of the "Rodopolis" complex in German, Sofia, until the conditions in the local market improve. However, the works for the construction of the building complexes "Megas Alexandros", total area of 157,000 sq.m. and "HERA", total area of 14,000 sq.m, both in Moscow, still continue. As 2010 is approaching, the demand in the real estate market of Russia has shown signs of recovery and, thus, the administration expects an improvement of the prospects of the subsidiary, MICHANIKI RUSSIA.
In the construction field of infrastructures, the declining course of the tendering rate of new public works by the competent bodies during the nine-month period continued. However, the conviction prevails that the production of new projects shall recover soon, as it is shown by the actions of the Ministry of Infrastructures as well as the impending strengthening of the Public Investments Program, on the basis of the country's budget for 2010. As it is known, MICHANIKI participates in the tender for the expansion of the METRO Line 3 to Piraeus, and has submitted the envelope with the expression of interest for the expansion of the METRO in Thessaloniki; these are two projects that the new leadership of the Ministry of Infrastructures has set as priorities. The Group anticipates the strengthening of the construction scope of work, mainly, in view of the commencement of the 2007-2013 National Strategic Reference Framework. Apart from the infrastructure works, though, the administration has already taken the decision that the company shall actively participate in the future tenders of the new Public-Private Partnerships, an institution that can provide significant revenues in the near future.
As it is shown from the parent company's results, the expenditure decrease program and the application of rules for the strict management of the working capital continued unhindered during the third quarter of the year, and, in total for the nine-month period of this fiscal year. The Group already has, as of the beginning of this year, significant discounts in the construction works abroad, while the costs for the raw materials and services have decreased. These measures provide the necessary guarantees for a solid development course in the next years. It should be noted that the company anticipates the repayment of debts by the State, amounting to approximately euro35 million.
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SIDENOR S.A. (FORMER ERLIKON) : Announcement Financial of the nine month period of 2009
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SIDENOR Group turnover in the nine month period of 2009 amounted to 747.9 mil. euro versus 1,312.8 mil. euro in the nine month period of 2008 posting a 43% decrease. The ongoing global recession and its adverse effects remained unchanged in the 3rd quarter of the fiscal year as well, constraining volumes, prices and profitability versus last year. Consolidated results before taxes stood at losses of 47.8 mil. euro over profits of 142.5 mil. euro in the nine month period of 2008. Consolidated EBITDA posted a significant decrease and amounted to profits of 13.1 mil. euro. Finally, net consolidated results after taxes and minority rights amounted to losses of 42 mil. euro (or losses of 0.437 euro per share) over profits of 96.3 mil. euro (or 1.002 euro per share) in the nine month period of 2008.
As compared to the 2nd quarter of 2009, group turnover of 3rd quarter eased to 206 mil. euro (20% decrease) by contrast, the 3rd quarter's pretax consolidated results have improved significantly, amounting to loses of 4.3 mil. euro over losses of 30 mil. euro in the 2nd quarter of 2009. Consolidated EBITDA in the 3rd quarter of 2009 posted substantial turnaround and stood at profits of 13.8 mil. euro over losses of 9.7 mil. euro in the 2nd quarter, while net results after taxes and minority rights amounted to losses of 3.8 mil. euro over losses of 26.8 mil. euro in the previous quarter. The steel pipes' segment had a significant positive contribution at the Group, through subsidiary CORINTH PIPEWORKS, which while intensifying the efforts to further improve its operating cost basis, benefited from the positive momentum of the raw materials prices and freight costs.
SIDENOR Group continues the implementation of a series of structural actions aiming at constraining cost, constantly improving the production process, adjusting the product mix to the market's emerging requirements and strengthening of liquidity. All the above led to a 15% decline in net debt from 497 mil. euro in 31/12/2008, to 424 mil. euro in 30/09/2009 and a major liquidity boost, as operating cash flow amounted to 106 mil. euro in the nine month period of 2009.
The Group continues to focus on coping the best possible way with the unprecedented adverse and volatile conditions in the global steel sector, in view of the revitalization of real demand globally and the recovery of private housing and of investments in major structural and infrastructure projects, in Greece and abroad.
The Data and Information of the period 1.1.2009 ? 30.09.2009 will be published on the November 27th, 2009 edition of the newspaper ''KATHIMERINI'' and together with the Interim Financial Statements for the same period they will be posted on the company's website, www.sidenor.gr, as well as on the ATHEX website www.athex.gr.
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ATHENS WATER SUPPLY & SEWAGE Co. : Company announcement
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Following the resignation of the Chairman of the BoD of EYDAP S.A. Mr. Konstantinos Kostoulas and the non-executive members of the Board Mr. Evangelos Baltas, Mr. Theodoros - Filippos Georgakellos, Mr. Grigorios Zafeiropoulos, Mr. Elias Hatzithomas, the BoD convened today and elected Mr. Zivopoulos Konstantinos, Mr. Parlis Emmanouel and Mr. Perdiou Nikolaos as non-executive members in replacement of the resigned ones.
Thereafter, the BoD held an inaugural meeting and elected as Chairman of the BoD and Managing Director, Mr. Anthony M. Vartholomeos, Managing Director of the Company to date.
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HELLENIC DUTY FREE SHOPS S.A. : Press Release - Nine Month 2009 Financial Results
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| Read the Press Release. |
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ELMEC SPORT S.A. : Consolidated Financial Results of 9M 2009 (IFRS)
Elmec Sport S.A.
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*Consolidated sales at EUR 195.4 mn(+8%)
*EBITDA at EUR 15.7 (-18%)
*EAT & Minorities at EUR 6.9 (+25%)
Consolidated sales for the nine months of 2009 advanced by 8% to EUR 195.4 million from EUR 180.8 million in 2008?s respective period.
Consolidated EBITDA came in at EUR 15.7 million in the nine months of 2009 from EUR 19.2 million in 2008 respective period posting a deceleration of 18%, affected mainly by the Romanian operations due to the depreciation of RON vs EUR and the decrease in consumer spending. FX losses affected the expenses and stood at EUR 2.6 million in the 9M 2009 from EUR 1.9 million in the 9M 2008.
Despite the aforementioned negative effect, net expenses decreased to 35.7% of sales from 36.3% in the 9M of 2009.
Consolidated EBT came in at EUR 10.1 million from EUR 9.8 million in 2008, posting an increase of 3%. Recall that during the 1st quarter of 2009 our Group recorded as financial income a one-off gain of EUR 5.2 million.
The consolidated EATAM (Earnings after taxes and minorities) during 9M 2009 reached EUR 6.9 million from EUR 5.6 million in 2008, increased by almost 25%
Divisional breakdown
In the department stores arm, for the 9M of 2009, sales advanced by 23% to EUR 106.8 million. In the retail arm, sales in 9M 2009 declined by 5% yoy to EUR 49.3 million, with difference derived mainly from the translation of Romanian sales with 25% unfavorable currency. As far as the wholesale arm is concerned, sales in 9M 2009 decreased by 4% yoy to EUR 32.8 million. Gym equipment sales declined to EUR 2,1 million, motorcycle sales declined by 13% yoy to EUR 3.4 million and other sales stood at EUR 1 million.
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ELBISCO HOLDING S.A. : Release of the financial statements for the nine-months period ended 30/9/2009
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| The company ELBISCO S.A. HOLDING, informs the investors that the financial statements for the nine-months period ended September 30, 2009 have been posted in the Athens exchange website (www.athex.gr) and in the company's website (www.elbisco.gr). The figures and information concerning the aforementioned period will be published in the Press tomorrow, Friday November 27, 2009, in the newspaper under the name "IMERISIA".
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EUROBANK PROPERTIES REIC : ANNOUNCEMENT - EX-INTERIM DIVIDEND DATE AND PAYMENT DATE OF THE INTERIM DIVIDEND FY 2009
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From Wednesday December 16th, 2009 the Distribution of Interim Dividend for the year 2009
Eurobank Properties REIC announces to its shareholders, that the distribution of interim dividend for 2009 of euro 0.15 per share will commence on December 16th, 2009.
As of Wednesday December 9th, 2009, the share will trade on the Athens Exchange without the right to interim dividend for the financial year 2009 (ex-interim dividend date).
Beneficiaries of the interim dividend are the shareholders of the Company recorded in the Register of Dematerialised Securities System (DSS) on December 11th, 2009 (record date).
The interim dividend will be paid through the payment Bank, EFG Eurobank Ergasias S.A., as follows:
(i) Through the operators of securities accounts held in the DSS for the shareholders who have authorised their operators to collect dividends.
(ii) Through the branch network of EFG Eurobank Ergasias S.A. for the shareholders who have not authorized their operator for the collection of dividends (or have revoked the above mentioned authorisation, or for whom the collection of dividend by their operator was not possible, or whose shares are kept in the special account of Hellenic Exchanges SA [HELEX]). Shareholders may collect their dividends from any branch of EFG Eurobank Ergasias S.A. upon presentation of their Identity Card.
Dividend not collected within five (5) years is prescribed to the Hellenic Public Sector.
For further information shareholders may contact the Shareholders Registrar Department: 8 Iolkou & Filikis Etairias, 142 34 Nea Ionia, tel: 210 3523604-5
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FOLLI - FOLLIE S.A. : Folli Follie in the Nine Months of 2009
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. Group Revenues increased by 8%
. Folli Follie stand alone revenues increase by 20 %
. Group net income increased by 31% to euro 84 million
Athens, November 26th 2009. Folli Follie S.A. presents nine months 2009 financial results and reports a strong set of results with increased revenues of 8% compared to the same period last year, reaching EUR 731,6 million and an increase of net profit by 31%.
George Koutsolioutsos Vice President of Folli Follie and President of Hellenic Duty Free Shops and Elmec Sport said: "The Folli Follie Nine Months results follow the excellent performance of our Group since the beginning of the year. Our brands Links of London and Folli Follie have continued their outstanding course by strengthening their position in the existing markets and entering new ones. The diversification of Elmec Sport has proved very resilient in this environment and the outstanding performance of the department store segment has compensated weaknesses in the Balkans. Hellenic Duty Free Shops has achieved to increase their profitability despite a soft decline in revenues. Our achievements so far have exceeded the expectations we had for the current year and we are confident that the year 2009 will mark another year of record revenues and profits for the Folli Follie Group of companies."
Sales rose by 7,8% to EUR 731,6 million in the nine months of 2009 (9-M 2008: EUR 678,4 million).
Gross profit reached EUR 369,4 million vs. EUR 349,3 million in the same period last year increasing by 5,8%.
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) rose by 6,5% to EUR 161,2 million from EUR 151,4 million in the nine months of 2009 and Earnings Before Taxes reached EUR 129,2 million compared to EUR 107,6 million in the nine months period of 2008 (+20,0%).
The Group recorded profit after taxes of EUR 99,9 million from EUR 82,3 million the same period last year, representing an increase of 21,4%.
Net earnings after taxes and minorities rose by 31,4% to EUR 84,0 million from EUR 64,0 million the same period last year.
Finally, the earnings per share in 9-M 2009 reached EUR 2,57 from EUR 1,95.
Folli Follie (stand alone) results highlights:
With regards to Folli Follie S.A. stand alone figures (based on DFS equity method) revenues for the period January 1st, to September 30th 2009 rose by 19,7% to EUR 270,6 million (9-M 2008: EUR 226,1 million).
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) reached EUR 84,1 million from EUR 75,9 million the year before increasing by 10,7%.
Net sales by geographical region:
In an analysis of Folli Follie?s total revenues for the nine months of 2009 on a stand-alone basis* and by looking at each region, Japan accounted for 13%, the rest of Asia reached 57% of total sales, Europe generated 15% of sales and Travel Retail operations reached a sales participation of 15%.
In a breakdown of sales per region Asia reached EUR 153,1 million of sales against EUR 122,0 million in 9-M 2008 (+26%), Japan posted sales of EUR 36,3 million vs. EUR 33,0 million (+10%), Europe recorded revenues of EUR 40,0 million vs. EUR 37,0 million (+8%) and the Travel retail sector recorded sales of EUR 41,2 million against EUR 34,1 million (+20%) compared to the same period last year.
Sales per product category:
According to the sales per product category, jewellery accounted for 58%, watches accounted for 35% and accessories for 7% of sales.
The Folli Follie Group controls the brands Folli Follie and Links of London which create, produce and distribute branded jewellery, watches, accessories and giftware internationally, whereas the Group represents exclusively in Greece and certain countries abroad a rich portfolio of popular and large brands such as Coach, Converse, Patrizia Pepe, Harley Davidson etc.
The Folli Follie Group has a direct control of the Folli Follie and Links of London product distribution network, while it is involved in the field of retail and wholesale with the brand portfolio it represents and distributes. In addition the Group operates two luxury department stores under the brand name "attica" and two outlet centres in Athens through Elmec Sport. Another important pillar of the group's structure is the travel retail operator Hellenic Duty Free Shops owning the exclusive rights for the Greek Duty Free Business with a paid license until the year 2048.
* based on DFS equity method (consolidation of HDFS group by 56,8%)
Folli Follie S.A. Group Results
in EUR mn 9-M 2009 9-M 2008 % change
Sales 731,6 678,4 8%
EBITDA 161,2 151,4 6%
Gross Margin 50,5% 51,5%
EBT 129,2 107,6 20%
Net Profit 84,0 64,0 31%
Folli Follie stand alone (Sales breakdown per region)
9-M 2009 9-M 2008 % change
in EUR mn
Asia 153,1 122,0 26%
Japan 36,3 33,0 10%
Europe 40,0 37,0 8%
Travel Retail 41,2 34,1 20%
For more information on Folli Follie S.A., please visit our website at www.follifolliegroup.com or contact us on ir@follifollie.gr
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ELLAKTOR S.A. : Press Release
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IMPROVEMENT OF 9M 2009 GROUP'S FIGURES
ELLAKTOR Group of companies announces its financial results for the period 1.1.2009 to 30.9.2009 in accordance with the International Financial Reporting Standards (I.F.R.S.).
Consolidated turnover amounted for the period 1.1.2009 to 30.9.2009 to 1,665 million euro as opposed to 1,254.7 million euro in the respective period 2008, marking an increase of 32.7%.
Consolidated earnings before interest and tax (EBIT) reached for the period of 1.1.2009 to 30.9.2009 at 174.8 million euro versus 162.3 million euro in the respective period 2008, increased by 7.7%. Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) amounted to 248.8 million euro in comparison with 221.7 million euro for the respective period of 2008, increased by 12.2%.
Net earnings after tax and minority interests reached at 72.4 million euro versus 69.3 million euro marking an increase of 4.5%.
Consolidated profit after tax per share stood at 0.42 euro over 0.39 euro in the respective period in 2008.
Specifically:
The Group's construction sector for the nine month period of 2009 presented a turnover of 1,275.2 million euro over 938.8 million euro in the respective period of 2008, increased by 35.8%. Operating profit of the construction sector amounted at 42.2 million euro over 46.9 million euro. Net after tax profit stood at 25.4 million euro versus 32.7 million euro. Significant is the contribution of the projects abroad, representing more than 30% of the construction sector?s turnover. The Group?s backlog based on signed contracts exceeds today 3.5 billion euro, while there are contracts pending to be signed of the amount of 1.2 billion euro.
Concessions sector's consolidated revenue for the nine month period of 2009 amounted to 243.2 million euro versus 195.7 million euro increased by 24.3%, operating profit 112 million euro over 105.1 million euro increased by 6.6% and net profit after tax 65.4 million euro in comparison with 65.2 million euro.
In the Environment sector, the Group reported for the nine month period of 2009 consolidated turnover 84.8 million euro versus 79.9 million euro increased by 6.1%, operating profit of 15.4 million euro in comparison with 13 million euro increased by 18.5% and net profit after tax of 11.4 million euro over 6.9 million euro increased by 64.8%.
In Wind energy sector the Group presented for the nine month period of 2009 revenues at 7.7 million euro over 4.8 million euro increased by 60.6%. Operating results amounted to 3.3 million euro in comparison with 2.1 million euro increased by 59.8%.
The quarries sector for the nine month period of 2009 presented turnover 34.1 million euro over 22.2 million euro in the respective period last year, increased by 54.2% and operating results of earnings of 5.3 million euro over 2 million euro, increased by 166.3%. Profit after tax stood at 3.1 million euro as opposed to losses of 0.6 million euro in the nine month period of 2008.
The real estate sector reported for the nine month period of 2009 consolidated turnover totalling 3.3 million euro over 5.4 million euro in the respective period last year decreased by 39%, operating results (losses) of 3.5 million euro and losses after tax of 2.9 million euro.
On a parent company level turnover amounted to 0.4 million euro over 1.7 million euro in the respective period of 2008. Results before interest, tax, depreciation and amortization reached at losses of 1.7 million euro, earnings before tax amounted to 22.2 million euro and net profits after tax stood at 22 million euro for the nine month period of 2009.
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ELEFTHERI TILEORASI S.A. : Announcement
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| The company "ELEFTERI TILEORASI S.A." (ALTER CHANNEL) announces that the financial statements, covering the accounting period 1/01/2009-30/9/2009, will be published in the newspapers "KERDOS" and "AVRIANH" and will be uploaded on the Athens Stock Exchange website www.ase.gr and on the company's website www.alter.gr on the 27-11-2009. |
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MARFIN POPULAR BANK PUBLIC CO LTD : Nine month 2009 financial results
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| Press Release. |
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DROMEAS S.A. OFFICE FURNITURE INDUSTRY : PRESS RELEASE
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«5th International Industrial Design Competition for Office Furniture and Home"
5th year of success for the International Industrial Design Competition for Office Furniture and Home, held by DROMEAS SA.
DROMEAS SA, one of the pioneers in the design of office furniture, procures the 5th International Industrial Design Competition for Office Furniture and Home.
The competition is held every two years and the main goal of its organization is the underline of the indrustrial design?s significance, as well as the reward of the designers for their imagination and novalty of their ideas.
DROMEAS SA calls every one who wishes to participate in the competition, to submit all the necessary documents until 31/01/2010. The competition is under the aegis of the Ministry of Development.
For further information concerning the terms of the Design Competition, please visit the web site www.dromeas.gr or call at 801 11 96000.
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MARFIN POPULAR BANK PUBLIC CO LTD : Financial Results for the period January - September 2009
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Further to its announcement dated 3 November 2009, Marfin Popular Bank Public Co Ltd announces that its Board of Directors at a meeting held today, approved the Financial Statements of the Group and the Bank for the period January - September 2009.
The Financial Statements, the Explanatory Note, the Press Release, as well a relevant Presentation have been sent to Athens Stock Exchange.
Data and information for the Financial Statements will be published in the newspaper "Haravgi" in Cyprus, on Friday November 27, 2009.
The Financial Statements will also available at the Group?s website www.laiki.com, the Cyprus Stock Exchange website www.cse.com.cy, as well at the Athens Stock Exchange website www.ase.gr. Copies can also be obtained from the Shares and Debentures Department of the Group, 10 Diomidous Street, 2nd floor, Strovolos 2024, Nicosia.
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SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA : Purchase of own shares
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| In accordance with article 4, par. 4 of Regulation 2273/2003 of the Commission of European Union, "Sciens International Investments and Holdings S.A." announces that following the resolution of the Extraordinary General Meeting of the Shareholders dated February 05, 2008 and the Board of Directors' resolutions dated March 5, 2008 and September 30, 2008, and in accordance with article 16 of L. 2190/1920, during the trading session of 26.11.2009 acquired 8,750 own shares through "MERIT Securities A.E.P.E.Y." at the price of euro 0.65 per share and the total value of the transaction amounted to euro 5,678.00.
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SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA : Date of announcement of Company's 9month 2009 Financial Results
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| SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS S.A informs that the financial results of the 9month period of 2009 (01.01.2009 - 30.09.2009) will be published at the Company's website www.sciens.gr and at the Athens Stock Exchange website www.ase.gr on Monday, November 30th, 2009. In addition, on Monday, November 30th, 2009 the Company's financial results will be published in the newspapers NAFTEMPORIKI and APOGEVMATINI.
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EUROMEDICA S.A. : Decision to merge with AROGI S.A. and APOKATASTASI S.A.
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EUROMEDICA S.A. would like to inform shareholders and investors that on 19.11.2009 the Board of Directors of the Company and the Boards of Directors of the subsidiaries THESSALY MEDICAL REHABILITATION CENTRE S.A. (trading as AROGI THESSALY S.A.) and DAYCARE TREATMENT - REHABILITATION CENTRE S.A. (trading as APOKATASTASI S.A.) decided the merging of AROGI S.A. (a 100% subsidiary of EUROMEDICA S.A.) and APOKATASTASI S.A. (50% owned by EUROMEDICA S.A. and 50% by AROGI S.A.) into EUROMEDICA S.A., in line with the provisions of Articles 69 to 78 of Codified Law 2190/1920 and Law 2166/1993. It was also decided to set the balance sheet of 31.12.2009 as the transformation balance sheet.
AROGI S.A. and APOKATASTASI S.A. operate in- and out-patient rehabilitation centres in Larissa, offering a total of 122 beds at private facilities at a complex of 4 buildings covering a total of 9,150 m2 on a plot of 36,000 m2.
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SFAKIANAKIS S.A. : Press Release
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The measures-incentives by reducing the registration tax, gave a boost to the car market and despite the difficult economic environment, the SFAKIANAKIS Group of companies completed the period 1.1-30.09.2009 with an increase in turnover compared to the corresponding period of 2008 recording positive results before tax both at company and Group level.
During the nine month period of 2009, the total car market presented a decrease of 22.9% compared with the corresponding period of 2008 while Suzuki car registrations amounted to 10,853 units increasing its market share to 5.8% and occupying the 5th position among car manufacturers in the Greek market.
Respectively, the total motorcycle market presented a decrease of 30.5% in the nine month period of 2009 compared with the corresponding period of 2008 while Suzuki motorcycle registrations amounted to 4,242 units.
Company's turnover, in the nine month period of 2009, amounted to euro 329.4 mil. increased by euro 4.2 mil. compared to the relevant period of 2008, EBITDA amounted to euro 14.8 mil. and profit before tax amounted to euro 1.8 mil.
At group level turnover during the nine-month period of 2009, presented a slight increase and amounted to euro 386.9 mil., EBITDA amounted to euro 32.1 and profit before tax amounted to euro 3.9 mil.
Company's management has set as target since the beginning of the fiscal year the reduction of the total stock of the Group companies. The result of this operation was to achieve on 30.09.2009 total reduction of Group's inventories by euro 78.4 mil. (euro 23.7 mil. refers to the account of Inventories and euro 54.7 mil. refers to the account of Receivables from orders of goods) which corresponds to a percentage of 37.9% compared to the inventories of 31.12.2008.
Moreover, on 30.09.2009 Liabilities to suppliers at Group level were reduced by euro 33.2 mil. compared to 31.12.2008, while at Company's level the relevant obligations were reduced by euro 24.3 mil. compared to 31.12 2008.
The effective implementation of the policy of stock management and reduction policy of receivables and liabilities has resulted in creating positive cash flows from operating activities both for the Group and the Company. Specifically, positive cash flows from operating activities during the nine month period of 2009 amounted to euro 93.7 mil. for the Group compared to the negative cash flows from operating activities of euro 13.6 mil. on 30.09.2008 and at Company level positive cash flows from operating activities during the nine month period of 2009 were euro 61.5 mil. compared to the negative cash flows from operating activities of euro 17.6 mil. on 30.09.2008.
Company's management, given the announcement of the Government for the interruption of the measure announced in September 2009 for the withdrawal of old cars, fact which has a negative effect on the car sales but also on the general atmosphere prevailing in the market, restates the provision for sales for fiscal year 2009 at Group level to euro 480 mil. from euro 500 mil. Respectively, at Group level it restates the provision for EBITDA to euro 37 mil. from euro 45 mil. while it is estimated that the net profitability of the Group will range in threshold levels.
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MARFIN POPULAR BANK PUBLIC CO LTD : Press Release - Nine Month 2009 Financial Results
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| Read the Press Release. |
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MARFIN POPULAR BANK PUBLIC CO LTD : Presentation - Nine Month 2009 Financial Results
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| See the Presentation. |
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I. KLOUKINAS - I. LAPPAS S.A.CONSTR. AND COM.COMP. : I.KLOUKINAS-I.LAPPAS SA announces the results for the period 01.01-30.09.09
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Sales and profits of the parent company (commercial company) are as follows:
The company's turnover amounted to 30.683 thousand euro over 25.323 thousand euro, an increase of 21,17% over the nine-month period of 2008.
The company's profits before interest, tax and depreciation (EBITDA) amounted to 8.302 thousand euro over 6.677 thousand euro, an increase of 24,34 % over the nine-month period of 2008.
The company's profits before interest and tax (EBIT) amounted to 7.346 thousand euro over 5.823 thousand euro, an increase of 26,15 % over the nine-month period of 2008.
The company's profits pre-taxes amounted to 6.728 thousand euro over 4.799 thousand euro, an increase of 40,19 % over the nine-month period of 2008.
The company's profits after taxes amounted to 4.960 thousand euro over 3.596 thousand euro, an increase of 37,93 % over the nine-month period of 2008.
Sales and profits of the group are as follows:
The Group's turnover amounted to 53.303 thousand euro over 52.174 thousand euro, an increase of 2,16 % over the nine-month period of 2008.
The Group's profits before interest, tax and depreciation (EBITDA) amounted to 10.249 thousand euro over 9.831 thousand euro, an increase of 4,24 % over the nine-month period of 2008.
The Group's profits before interest and tax (EBIT) amounted to 8.858 thousand euro over 8.514 thousand euro, an increase of 4,04 % over the nine-month period of 2008.
The Group's profits pre-taxes amounted to 7.834 thousand euro over 7.072 thousand euro, an increase of 10,76 % over the nine-month period of 2008.
The profits after taxes and rights of minority amounted to 5.597 thousand euro , over 5.394 thousand euro, an increase of 3,77% over the nine-month period of 2008.
Construction Activity
Construction sector's turnover amounted to 15.622 thousand euro over 19.785 thousand euro, a decrease of 21,04 % over the nine-month period of 2008.
The profits after taxes of the construction sector amounted to 39 thousand euro , over 971 thousand euro, a decrease of 96,02% over the nine-month period of 2008.
The decrease in the financial results derives from the pressure within the construction sector due to the limited number of construction projects, intense competition and low profit margins.
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F.G. EUROPE S.A. : Announcement
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F.G. EUROPE S.A. TO PURCHASE AN ADDITIONAL 7.5% STAKE AT ÓÔÇÍ R.F. ENERGY S.A.
F.G. EUROPE S.A. Board of Directors made a resolution to purchase an additional 7.5% stake at R.F. ENERGY S.A. amounting to 2,100,000 shares. The shares will be purchased directly by Mr. Georgios Fidakis, who is F.G. EUROPE's President of the Board and the Company's main shareholder. The consideration to be paid for the purchase of said shares equals the amount that Mr. Fidakis paid on July 10, 2009, in order to acquire an equal amount of shares in participation to the share capital increase in which R.F. ENERGY S.A. proceeded with at the time, but in which F.G. EUROPE S.A. did not participate.
Following purchase of the additional 7.5% stake, F.G. EUROPE S.A. will own a total stake of 37.5% at R.F. ENERGY S.A., thus curtailing the difference which resulted against its originally held stake, when F.G. EUROPE S.A. made a resolution not to participate to the latest share capital increase of subsidiary R.F. ENERGY S.A.
The Board of Directors made the resolution to purchase the additional stake, following the significant improvement the Company saw to its financial results for the nine-month period ended September 30, 2009, and having taken into consideration also the significant potentials of profitability and further growth that investments in the energy sector offer.
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ELASTRON S.A. : NINE-MONTH OF 2009 FINANCIAL RESULTS
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ELASTRON nine-month of 2009 results mark a substantial 62.5% decline of net debt, euro 73.9 mil. to euro 27.7 mil. and soaring cash flows amounting euro 47 mil. for the period
ELASTRON SA announced its 2009 nine-month financial results according to the International Financial Reporting Standards (IFRS).
The adverse impact of the recession sustained in the third quarter as well, even though at slower pace, with the implications affecting most industries of the economy and especially the steel industry. Overall steel products consumption remained at low levels, while the first signs of recovery in demand are apparent in specific products types only. Moreover, steel prices are stabilized at low levels, resulting to the decline in demand and suppressing profit margins for the nine-month period of the current fiscal year.
Group ELASTRON consolidated turnover formed at euro 69.6 mil. versus euro 155.3 mil. in the respective nine-month period of 2008. Group gross profit amounted to euro 1.7 mil. versus euro 25.1 mil., while group results before financial and investment results, taxes and depreciation (EBITDA) formed at losses of euro 2.3 mil. versus profit of euro 15.7 mil. Finally, consolidated net after taxes and minorities results (EATAM) eased to losses of euro 4.0 mil. versus profit of euro 8.5 mil. in the respective nine-month period of 2008. The Group's nine-month results were boosted by the sale in the third quarter of part of a non core property owned by the company at the area of Piraeus for a total of euro 6.4 million while net profit from the sale amounted to euro 2.4 million. The substantial decline of the group's results is mainly attributed to the fact that the steel soaring stream reaching historic high levels during the nine-month period ended September 30, 2008 was followed by a plummeting 2009 absorbing the impact of the recession.
On a positive note, the 3rd quarter of the current year is an improvement over the previous 2nd quarter as consolidated turnover amounted to euro 23.2 million versus euro 22.1 million, marking a 5% increase approximately. Accordingly, gross profit amounted to profits of euro 1.1 million versus losses of euro 0.6 million in the 2nd quarter of 2009.
All management's actions towards safeguarding the Group from the adverse consequences of the recent global crisis, sustained in the 3rd quarter as well. Specifically, via optimizing liquidity, operating cost and credit risk, the group achieved substantial cash flow enhancement by euro 47 million, of which operating cash flows amounted euro 44.0 million versus outflows of euro 12.0 million in the respective period the year before. Total liabilities reduced by 40% and formed at euro 62.6 million versus euro 104.7 million as at 31/12/2008, while net bank debt (bank debt - cash) marked a substantial 62.5% reduction and amounted to euro 27.7 mil. as at 30/9/2009 versus euro 73.9 mil. as at 31/12/2008. Finally, the Debt/Equity ratio also improved and formed at 0.76 versus 1.19 as at 31/12/2008.
The group's major pillar of growth remains its expansion to the broader SE European area. TATA ELASTRON (a 50-50 joint venture) in Thessalonica is already in full operation as of the 2nd half of 2008 while at the same time the investment in the Romanian market via B.I.G. SRL (a 1/3 joint venture) is underway.
Note: ELASTRON SA nine-month of 2009 "Financial Data and Information" will be published on Friday November 27, 2009 in the newspaper "EXPRESS" and will be available together with the "Nine-month period ended September 30, 2009 Interim Financial Report under I.F.R.S." on the company's website, www.elastron.gr and the ATHEX website www.athex.gr on Thursday, November 26, 2009.
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