Presentation of Results 1st Half 2016
Semapa - Sociedade de lnvestimento e Gestao, SGPS, S.A. Public Company
Av. Fontes Pereira de Melo, n° 14, 10°, 1050-121 Lisboa Companies Registry and Corporate Person no.: 502 593 130 Share Capital: 81,270,000 euros
1 Highlights Leading Business Indicators:-0.7%
million euros
1,029.7 1,022.8
H1 2015 H12016
Turnoverln the first half of 2016 the Semapa Group recorded a consolidated turnover of 1,022.8 million euros, a decrease of 0.7% from the same period in the previous year. Exports and foreign sales amounted to 802.6 million euros: 78.5% of turnover.
EBITDATotal EBlTDA for the first 6 months of 2016 rose by about 7.3% in relation to the same period in the previous year, standing at 240.5 million euros. The consolidated margin stood at 23.5%, 1.8 p.p. up from that recorded in the first half of 2015.
7.3%
million euros
224.0240.5
H1 2015 H12016
-7.7%
51.2
million euros
47.3
Net incomeNet income totalled 47.3 million euros, down by 7.7%. ln spite of the EBlTDA increase, improved financial results and income tax comparing favourably, it did not compensate the effects of depreciation and provisions and the decrease in
H1 2015 H12016
Navigator's stake after July 2015.
Leading Business Indicators
IFRS - accrued amounts (million euros)
H1 2016 H1 2015 Var. Q2 2016 Q2 2015 Var.
Turnover Total EBITDA EBlTDA margin (%) Depreciation and impairment losses Provisions (increases and reversals) EBIT EBlT margin (%) Net financial profit Profit before tax lncome tax Retained profits for the period Attributable to Semapa shareholders Attributable to non-controlling interests (NCl) Cash-flow | 1,022.8 240.5 23.5% (118.3) (2.1) 120.0 11.7% (39.7) 80.3 (5.9) 74.3 47.3 27.0 194.8 | 1,029.7 -0.7% 224.0 7.3% 21.8% 1.8 p.p. (90.3) -31.1% 10.0 143.8 -16.5% 14.0% -2.2 p.p. (50.4) 21.1% 93.4 -14.1% (21.0) 71.8% 72.4 2.7% 51.2 -7.7% 21.1 28.0% 152.6 27.6% | 526.3 129.9 24.7% (66.7) (1.1) 62.2 11.8% (20.5) 41.7 2.2 43.9 29.7 14.2 111.7 | 536.2 -1.9% 127.0 2.3% 23.7% 1.0 p.p. (41.2) -62.1% 5.0 90.9 -31.6% 16.9% -5.1 p.p. (23.8) 14.0% 67.1 -37.8% (22.6) >100% 44.4 -1.2% 31.1 -4.2% 13.4 6.0% 80.5 38.7% |
Equity (before NCl) Net debt | 30-06-2016 750.3 1,911.2 | 31-12-2015 Jun16vs. De c15 716.3 4.7% 1,803.0 6.0% |
Notes:
Total EBlTDA = operating profit + depreciation and impairment losses + provisions (increase and reversal)
Cash flow = retained earnings + depreciation and impairment losses + provisions (increase and reversal)
Net debt = non-current interest bearing debt (net of loan issue charges) + current interest-bearing debt (including debts to shareholders) - cash and cash equivalents
ln comparison with the same period of the previous year, it was impacted by the full consolidation of the Supremo Group on 1 July 2015, the change in The Navigator Company stake from 81.19% to 69.4% in July 2015; the latter only impacts the retained profits for the period attributable to Semapa shareholders
Semapa - Sociedade de Investimento e Gestão SGPS SA published this content on 31 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 August 2016 17:13:01 UTC.
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