"Investor Relations"

Press Release Archive

Friday, 31 August 2007

+++ H1 2007 Financial Results +++

• 25,2% increase in group sales from continuing operations
• Group cash position € 140,1 mil. - Group debt € 115,6 mil.
• Priority in the implementation of our telecom operations strategy

Group sales from continuing operations increased by 25,2% in H107. Group sale reached € 182,9 mil. vs € 146,1 mil in H 106. EBITDA reached € 9,7 mil., and Earnings Before Taxes (ΕΒΤ) were € 2,9 mil. Finally, net losses reached € - 8,8 mil., vs net losses of € - 18,1 mil. In H106. (TABLE 1). The Group cash position was € 140,1 mil., whereas total Group debt reached € 115,6 mil.

INTRACOM TELECOM Group sales are not consolidated, since the company is consolidated under the equity method. Furthermore, hellas online sales are not consolidated as well, because during H107 the company was considered discontinuing operation. After the 06/07/2007 company announcement of the cancellation of an initial agreement for the sale of 51% of hellas online to Russian JSC Comstar, the company will be again fully consolidated in the 9M 2007 figures.

Almost all companies consisting INTRACOM HOLDINGS Group demonstrated considerable increase in sales. More specifically, sales of INTRACOM Defense Electronics reached € 43,9 mil. (€ 38,8 mil. In H1 2006), sales of INTRAKAT Group reached € 68 mil. (€ 37 mil. In H1 2006), and sales of INTRACOM ΙΤ Services Group reached € 70,8 mil. (€ 63,8 mil. In H1 2006). Finally, sales of INTRACOM HOLDINGS International (Cyprus) reached € 4,7 mil. And those of the parent INTRACOM HOLDINGS amounted at € 7 mil. (TABLE 2).

Finally, it is worth mentioning that ΙNTRACOM HOLDINGS continues to place strong emphasis in the development of telecom operations through its subsidiary hellas online. The Group has implemented a series of strategic actions during the last months, targeting in the high positions in the broadband services market. The exclusive commercial agreement with Vodafone , the signing of the government project for development of broadband services in 3 major geographical areas of Greece, along with the acquisition of Attica Telecommunications and recently of Teledome Telecommunications, are among these strategic actions.