April 07, 2017

Announcement of FY 2016 Financial Results


The purpose of the current release is to present the Group's financial results for the year 2016 and to highlight the basic factors that contributed to such.

Friday, 7 April 2017

ATHEX:PLAT

Reuters:THRr.AT

Bloomberg:PLAT GA

The purpose of the current release is to present the Group's financial results for the year 2016 and to highlight the basic factors that contributed to such.

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The major highlights of the period are summarized as follows:

-Increase of sales volume in both sectors of business activity (Technical Fabrics & Packaging)

-Reduction of raw material prices

-Further containment of the fixed production expenses

-Improvement of the product mix in both sectors of the Group's business activity

-Increase of the Net Bank Debt as result of the extended investment program of the Group which was financed in part via the use of bank debt

Basic Financial Figures of the Group for Fiscal Year 2016

The basic financial figures of the Group during the financial year 2016 compared the year 2015, settled as follows:

(amounts in Euro thousand)

2016

2015

% Change

Group Turnover

291,900

289,396

0.9%

Group Gross Profit

66,403

59,374

11.8%

Group EBIT*

22,905

19,080

20.0%

GroupEBITDA*

35,160

28,980

21.3%

Group Earnings before Taxes

18,327

13,284

38.0%

Group Earnings after Taxes & MI

13,384

9,788

36.7%

Earnings per share (in euro)

0.304

0.2204

37.9%

*Note

Alternative Performance Measures (APM)

During the description of the developments and the performance of the Group, ratios such as the EBIT and the EBITDA are utilized.

EBIT (The indicator of earnings before the financial and investment activities as well as the taxes)

The EBIT serves the better analysis of the Group's operating results and is calculated as follows: Turnover plus other operating income minus the total operating expenses, before the financial and investment activities. The EBIT margin (%) is calculated by dividing the EBIT by the turnover.

EBITDA (The indicator of operating earnings before the financial and investment activities as well as the depreciation, amortization, impairment and taxes)

The EBITDA serves the better analysis of the Group's operating results and is calculated as follows: Turnover plus other operating income minus the total operating expenses before the depreciation of fixed assets, the amortization of grants and the impairments, as well as before the financial and investment activities. The EBITDA margin (%) is calculated by dividing the EBITDA by the turnover.

Thrace Plastics Co. SA published this content on 07 April 2017 and is solely responsible for the information contained herein.
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