RAMADA INVESTIMENTOS E INDÚSTRIA, S.A. A investir na indústria
Report and Accounts
3rd Quarter 2016
(unaudited)
(This is a translation of a document originally issued in Portuguese.
In the event of discrepancies, the Portuguese language version prevails - Note 16)
GROUP´S ACTIVITYRamada Investimentos S.G.P.S., S.A. is the parent company of a group of companies ("Ramada Group") which, together, operate in two business areas:
Industry, which includes the steel activity, the Storage Systems activity (Storax - Engineered Storage Solutions) and the activity related to financial investments management (corresponding to non- controlling interests);
Real Estate, focused in the management of real estate assets.
The steel activity, with a prominent position in the domestic market, is carried out by two companies: Ramada Aços, and Universal Afir.
The activity of Storage Systems (Storax - Engineered Storage Solutions) is carried out by five companies: Ramada Storax (the largest manufacturer of storage systems in Portugal and where all manufacturing of the Group is concentrated), and by its subsidiaries in France, UK, Belgium and Spain.
The financial investment activity includes investments where Base Holding S.G.P.S. SA is the main investment.
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Ramada GroupINDUSTRY REAL ESTATE
The financial information presented below in relation to Ramada Group was prepared in accordance with the recognition and measurement criteria of the International Financial Reporting Standards (IFRS), as adopted by the European Union.
Profit and loss statement9M 2016 | 9M 2015 | Var. % | |
Sales and services rendered | 95 969 | 95 290 | 0.7% |
Other income | 812 | 409 | 98.6% |
Total income | 96 781 | 95 698 | 1.1% |
Cost of sales | (50 827) | (54 300) | -6.4% |
External supplies and services | (17 730) | (16 516) | 7.3% |
Payroll | (11 272) | (10 642) | 5.9% |
Other costs | (1 037) | (1 473) | -29.6% |
Total costs (a) | (80 865) | (82 930) | -2.5% |
EBITDA (b) | 15 916 | 12 769 | 24.6% |
EBITDA Margin | 16.4% | 13.3% | |
Amortisation and depreciation | (3 593) | (1 423) | 152.5% |
EBIT (c) | 12 323 | 11 346 | 8.6% |
EBIT Margin | 12.7% | 11.9% | |
Gains/Losses in associated companies | 1 768 | 1 148 | |
Financial expenses | (1 610) | (2 173) | |
Financial income | 148 | 94 | |
Net profit before income tax | 12 629 | 10 414 | 21.3% |
Income tax | (3 418) | (2 919) | |
Consolidated net profit | 9 211 | 7 495 | 22.9% |
Consolidated net profit attributable to shareholders of parent company | 9 185 | 7 464 | 23.1% |
Consolidated net profit attributable to non-controlling interests | 27 | 31 |
Amounts in thousand Euros
Operating costs excluding amortization and depreciation, financial expenses and income tax
EBITDA= Earnings before interests, income tax, depreciation and amortization
EBIT = Earnings before interests and income taxes
Total turnover of Ramada Group, during the first nine months of 2016, amounted to 96,781 thousand Euro, representing an increase of 1.1% compared to the total turnover of the homologous period.
Total costs, excluding amortization, financial expenses and taxes, amounted to 80,865 thousand Euro, representing a decrease of 2.5% in relation to the same period of 2015.
EBITDA in the first nine months of 2016 reached 15,916 thousand Euro, representing an increase of 24.6% when compared to the homologous period. The EBITDA margin reached 16.4%, which compares to 13.3% obtained in the same period in 2015.
Group's operating results (EBIT) amounted to 12,323 thousand Euro, representing a positive variation of 8.6% comparing with 11,346 thousand Euro in the same period of 2015.
In the first nine months of 2016 the Group recorded gains related to the application of the equity method in associated companies in the amount of 1,768 thousand Euro, comparing with 1,148 thousand Euro in the first nine months of 2015.
The negative financial results amounted to 1,461 thousand Euro, representing an improvement of 29.7%, when compared with the same period in 2015.
Net profit of Ramada Group amounted to 9,211 thousand Euro, 22.9% higher than the amount recorded in the homologous period of 2015.
INDUSTRY9M 2016 | 9M 2015 | Var. % | |
Total Income | 92 081 | 90 990 | 1.2% |
Total Costs (a) | (80 050) | (81 947) | -2.3% |
EBITDA (b) EBITDA Margin | 12 031 13.1% | 9 043 9.9% | 33.0% |
EBIT (c) EBIT Margin | 8 630 9.4% | 7 808 8.6% | 10.5% |
Financial Results | (323) | (499) | -35.3% |
Gains/losses in associates | 1 768 | 1 148 | 54.1% |
Net profit before income tax | 10 076 | 8 457 | 19.1% |
(amounts in thousand Euros)
Operating costs excluding amortization and depreciation, financial expenses and income tax
EBITDA= Earnings before interests, tax, depreciation and amortization
EBIT = Earnings before interests and income taxes
During the first nine months of 2016 the total income for the industry segment amounted to 92,081 thousand Euro, representing an increase of 1.2% compared to total income for the first nine months of 2015.
The Steel activity presented in the 3rd quarter of 2016 a higher turnover than in the same period of 2015. This growth was driven by increased sales in the mold industry and in the sector of machinery and equipments.
F. Ramada Investimentos SGPS SA published this content on 28 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 December 2016 11:17:05 UTC.
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