GREECE, Sept. 15, 2004 (PRIMEZONE) -- Hatzioannou, the leading European group in the second skin manufacturing and retailing, announced its first half 2004 consolidated results.
Hatzioannou shares are listed on the Athens Stock Exchange (Reuters: HADr.AT), (Bloomberg: HATZK GA) and also traded on the Deutsche Borse.
Group Financial Highlights
On a proforma (adjusted) basis:
- Revenues were up 2% to EUR56.3ml, on the back of a strong increase
of sales in Sprider and a temporary setback of sales in Vertical.
- EBITDA was up 4% to EUR11.1ml due to better margins achived both
in Sprider and Vertical.
- Earnings after tax and minorities were down 10%, as a result of
increased taxation on a group level and increased minority
interests on profits, as explained above.
- It should be noted that group results as published showed a
significant drop in earnings which was the result of losses from
Virgin which were incorporated in the Group for the first time in
2004.
Paste the following link into your web browser to download the full version of this press release, including financial highlights for Sprider, Vertical and Virgin Ware:
http://www.rns-pdf.londonstockexchange.com/rns/9867c_-2004-9-15.pdf
This information is also available on Hatzioannou's website at www.hatzi.gr
This information is provided by RNS
The company news service from the London Stock Exchange