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Friday, 30 November 2007
+++ 9M07 Financial Results:
Turnover up by 15%, new contracts signed reached
€ 508,8 mil.
High customer acquisition costs weighted on hellas online operational results +++
Consolidated sales reached € 289,2 mil., thus continuing its recent growth, up by 15% from the 2006 respective period, while new contracts signed reached € 508,8 mil. EBITDA were € 11,6 mil., losses before taxes reached € -9,8 mil., while net losses after tax amounted to € - 25 mil., versus € - 27 mil. in the respective period of 2006.
It should be noted that the consolidated sales figure does not include INTRACOM TELECOM Group's turnover, because it is consolidated under the net equity method. Also Attica Telecoms' sales are included in Hellas On Line's consolidated sales (from its acquisition date). With respect to the bottom line net result (EATAM: - € 24,9 mil.), it should be noted that it is negatively affected by deferred taxation. Taxes of € 14,4 mil. (due to income tax of € 3,4 mil., and to deferred taxation of € 11 mil.), weigh on the period's financial results. The biggest part of the aforementioned deferred taxation amount is due to the write off of deferred taxation receivables from previous years, because of the future merger between Unibrain and Hellas On Line, and also due to the conclusion of the tax audit of the parent company.
The headline figures of the groups/companies consolidated for the 9M07 period were: Turnover for INTRACOM Defense Electronics reached € 59,3 mil. (€ 60,3 mil. in 2006), EBITDA at € 6,3 mil. (€ 8,1 mil. in 2006), earnings before taxes amounted to € 3,5 mil (€ 4 mil. το 2006), and new contracts signed were € 24,4 mil.
Turnover for INTRAKAT GROUP reached € 102,7 mil. (€ 65,8 mil. in 2006), EBITDA at € 5,4 mil. (€ -1,5 mil. το 2006), losses before taxes amounted to € -0,3 mil. (€ -2,2 mil. in 2006) and new contracts signed were € 222,2 mil.
Turnover for INTRACOM IT Services Group reached € 104,2 mil.
(€ 94,1 mil. in 2006), EBITDA at € 2,7 mil. (€ 1,3 mil. in 2006), losses before taxes amounted to € -1,4 mil. (€ -2 mil. in 2006) and new contracts signed were € 107,9 mil.
Turnover for hellas online Group reached € 29,2 mil. (€ 24,5 mil. in 2006), EBITDA at € -12 mil. (€ -7,7 mil. in 2006), losses before taxes amounted to € -20,2 mil. (€ -7,6 mil. in 2006). Hellas online shows increased losses due to increased capital expenses for the development of its private fiber optics network, severe competition for new customers acquisition, and aggressive marketing policies.
Turnover for INTRACOM Telecom Group reached € 221,6 mil.
(€ 246,2 mil. in 2006), EBITDA at € 22,8 mil. (€ 13,5 mil. in 2006), earnings before taxes amounted to € 0,7 mil. (€ -3,3 mil. in 2006), new contracts signed were € 154,3 mil.
Finally, turnover for INTRACOM HOLDINGS International Group
(Cyprus) reached € 6,5 mil. (€ 10,7 mil. in 2006), EBITDA at € 4,1 mil. (€ -0,1 mil. in 2006) and earnings before taxes amounted to € 3,5 mil. (€ -0,3 mil. in 2006), while for parent INTRACOM HOLDINGS, turnover reached € 9,2 mil. (€ 15,8 mil. in 2006), EBITDA at € 1 mil. (€ 17,1 mil. in 2006) and earnings before taxes amounted to € 1,2 mil. (€ 13 mil. in 2006, which included € 12,0 mil. capital gain from sale of stake at Forthnet SA.).
About INTRACOM HOLDINGS
Founded in 1977, INTRACOM SA is listed on the Athens Stock Exchange since 1990 and included in the FTSE/ASE-40 LargeCap index. In December 2005 INTRACOM was transformed to a holding company under the name INTRACOM HOLDINGS, being one of the largest multinational technology groups in South-Eastern Europe. The Group's major participations are: INTRACOM TELECOM (telecommunication systems and solutions), INTRACOM DEFENSE ELECTRONICS (defense electronics systems), INTRACOM IT SERVICES (IT solutions for the public sector, banking and enterprises), INTRAKAT (construction, high-tech installations, steel structures, infrastructure maintenance) and Hellas OnLine (Internet and voice services provider). INTRACOM HOLDINGS, as a group, has 5,800 employees, exports to 60 countries and operates subsidiaries in 20 countries.
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