Thursday, 1 December 2011 - 15:32
Intrakat: 9M 2011 Financial Results
Peania, November 30, 2011 – INTRAKAT Group announced its 9M 2011 financial results in accordance with the International Financial Reporting Standards (IFRS):
Group turnover for the nine month period of 2011 totaled €95.7 million over €142.8 million in the respective period last year, decreased by 33%.
Earnings before interest, tax, depreciation and amortization (EBITDA) were €7.4 million as compared to €7.6 million in 2010, a 2.37% decrease.
Profits after taxes and non controlling interest formed at €740 thousand over €2.9 million in 2010, decreased by 74.85%.
The Company’s turnover amounted to €50.7 million over €98.3 million, a 48.4% drop over in the nine month period of 2010.
Earnings before interest, tax, depreciation and amortization (EBITDA) were €5.1 million, down 30.1% from €7.3 million.
The Group’s short-term liabilities at the end of the nine month period of 2011 decreased by 17.6% to €122.7 million as compared to €148.9 million in the same period last year, while at the Company level there was a 24.02% decrease from €97.8 million to €74.3 million.
The company’s backlog as of September 30, 2011 amounted to €187.5 million in addition to €109.2 million in new contracts which it has been awarded and awaits their signature.