group financial performance 9m & 3 rd quarter 2005 prepared under ias & ifrs
TRANSCRIPT
Group Financial Performance
9M & 3rd Quarter2005
prepared under IAS & IFRS
Consolidated Results – 9M
2
amounts in € m 2005 2004 chg
Turnover 280.9 399.6 -29.7%
Gross Results 39.3 63.3
Other Income -1.6 -1.4
Operating Expenses 23.2 18.2
Income from Associates 8.3 -5.9
Operating Results 22.8 37.8
Financial Results -4.3 -2.1
Pre Tax Earnings 18.5 35.7 -48.2%
Tax 6.3 14.7
Net Earnings 12.2 21.0
Minority Rights 0.0 0.0
Net Earnings to Shareholders 12.2 21.0 -42.1%
EBITDA 21.3 44.3 -51.9%
Consolidated Results – 3rd Quarter
3
amounts in € m 2005 2004 chg
Turnover 64.6 131.0 -48.9%
Gross Results 4.5 18.0
Other Income -0.1 0.7
Operating Expenses 5.1 5.9
Income from Associates 5.7 -0.4
Operating Results 5.0 12.4
Financial Results -1.9 -0.9
Pre Tax Earnings 3.1 11.5 -73.0%
Tax 0.6 5.6
Net Earnings 2.5 5.9
Minority Rights 0.0 0.0
Net Earnings to Shareholders 2.5 5.9 -58.5%
EBITDA 3.5 12.4 -71.9%
Consolidated Balance Sheet
4
amounts in € m 9/2005 6/2005 3/2005 12/2004
Fixed Assets 147.5 144.6 142.0 139.9
Inventory 30.2 48.7 31.8 88.9
Receivables 214.9 196.4 235.4 199.7
Other Assets 71.6 57.0 29.3 0.0
Cash & Equivalent 30.5 35.7 35.2 35.2
Total Assets 494.7 482.4 473.7 463.7
Long-Term Liabilities 5.1 5.1 5.1 5.1
Suppliers & Other Liabilities
155.1 165.9 166.9 212.7
Short-Term Debt 156.0 135.4 114.4 65.0
Shareholder Funds 178.5 176.0 187.3 180.9
Total Liabilities 494.7 482.4 473.7 463.7
Net Debt 125.5 99.7 79.2 29.8
Consolidated Cash Flow – 9M
5
amounts in € m 2005 2004
Pre Tax Earnings 18.5 35.7
Depreciation 7.1 10.8
Provisions -0.1 -0.3
Financial Results 4.3 2.1
Other Items -0.1 0.0
Change in Working Capital -92.3 -95.8
Operating Cash Flow -62.6 -47.6
Investment Cash Flow -14.2 -5.5
Financing Cash Flow 72.1 37.6
Total Cash Flow -4.7 -15.4
Cash –at start of period 35.2 54.6
Cash –at end of period 30.5 39.2
Consolidated Cash Flow – 3rd Quarter
6
amounts in € m 2005 2004
Pre Tax Earnings 3.1 11.5
Depreciation 2.3 1.7
Provisions 0.0 -0.1
Financial Results 1.9 0.9
Other Items 0.1 0.0
Change in Working Capital -20.3 -28.4
Operating Cash Flow -13.0 -14.3
Investment Cash Flow -5.2 -2.3
Financing Cash Flow 13.0 24.1
Total Cash Flow -5.2 7.5
Cash –at start of period 35.7 12.3
Cash –at end of period 30.5 19.8
Breakdown of Change in Net Debt
7
amounts in € m9/2005 6/2005
3/2005
12/2004
Net Debt -125.5 -99.7 -79.2 -29.8
Change in total Net Debt since 31/12/2004
-95.7 -69.9 -49.4
Clients -15.2 3.3 -35.7
Construction Contracts & Work in Progress
-12.8 -16.8 27.8
Fixed Assets -7.5 -5.1 -1.4
Investments in Associates
-6.7 -4.0 -3.2
Other Items 4.1 -0.5 8.8
Suppliers -44.6 -37.0 -36.8
Income Tax -12.9 -9.8 -9.0
-95.7 -69.9 -49.4
INVESTING IN THE FUTURE
Investor Relations OfficerAngelos Kiosklis9 Frangokklisias St, 151 25, Marousi, Greecetel +30-210-6185592fax +30-210-6185698email [email protected]