Space Hellas Logo   Home | Investor Relations | News | Download | Contact   Search  go         
  Company
Chairman’s Message
Management - Founders
Company History
Presentation
Certifications
Quality
Investor Relations
Press
How to find us
Subsidiaries and Other Companies
  System Integration
  Solutions & Services
  Sectors
  Technical Services
  Customer Support
  R & D
  Careers
SpacePhone - Fixed, Mobile and Internet Services
Space Hellas PULSE - Maximize IT Performance - Guarantee Security Compliance
Space Hellas GUARDIAN - Maximize your Site's Security
Space Hellas among the top System Intengrators in Europe
Space Hellas Twitter Space Hellas Facebook Space Hellas Linkedin

Press Releases

Increased EBITDA and earnings after taxes in the third quarter of 2011 for Space Hellas
22-11-2011

According to the consolidated financial statements of Space Hellas in the third quarter of 2011, there has been an increase in EBITDA amounting to €2.8 million compared to €2.2 million in 2010, as well as an increase in earnings after tax to €215 thousand compared to €55 thousand in 2010, despite the decline of the corresponding consolidated turnover to €29.5 million from €32.9 million in the same time period.

The increase in EBITDA reflects the successful implementation of the corporate strategic choice to reduce operating costs while increasing gross profit margins. According to the cash flows statement, operating cash flows are positive amounting to €835 thousand and are channeled primarily towards reduction of bank loans.

Financial costs in the 3rd quarter of 2011 presented an increase, as compared against the same period of 2010, and amounted to €1.7 million against €1.2 million in the corresponding period last year.

The assessment of the company is that, despite the reduction in turnover, the positive trend will continue in the coming quarters aiming at continued EBITDA growth with simultaneous reduction of bank loans, which in turn will lead to reduction of financial costs.

« Back
Press Releases
Company Logo
 
 
Space Hellas ISO certifications
© Space Hellas 2017 | Privacy Policy | Sitemap