Martifer Group Reports Non-Audited Consolidated Earnings Results for the First Quarter Ended March 31, 2016
May 24, 2016
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Martifer Group reported non-audited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported loss before tax of continued operational units of EUR 221,982 compared to EUR 2,362,983 a year ago. Loss after tax of continued operational units was EUR 347,158 compared to EUR 2,609,483 a year ago. Loss for the year was EUR 2,352,973 compared to EUR 2,588,726 a year ago. Loss for the year attributable to owners of the company was EUR 636,994 against EUR 2,685,955 a year ago. Basic and diluted earnings per share from continuing operations was EUR 0.0047 compared to loss of EUR 0.0277 a year ago. Basic and diluted loss per share was EUR 0.0065 compared to EUR 0.0275 a year ago. Net cash generated from operating activities was EUR 17,882,429 compared to EUR 8,779,015 a year ago. Payments arising from tangible assets were EUR 833,144 compared to EUR 1,740,293 a year ago. Payments arising from intangible assets were EUR 14,271 compared to EUR 48,174 a year ago. Revenue was EUR 49 million comparing to EUR 63.5 million a year ago. EBITDA was EUR 2.0 million compared to EUR 5.4 million a year ago. LBIT was EUR 0.5 million against EBIT of EUR 1.8 million a year ago. The Group's consolidated net debt on March 31, 2016 totalled EUR 240 million, showing a EUR 20 million decrease when compared with the end of 2015.
Martifer SGPS, S.A. is a holding company organized around 3 areas of activity:
- construction of metal structures (58.3% of net sales; No. 1 in the Iberian Peninsula): for Oil & Gas infrastructure construction sector;
- shipbuilding (36.4%);
- construction of renewable energy production units and equipment (5.3% of net sales): wind farms, biodiesel production sites, wind tours, aerogenerators, solar energy systems, etc. The group also produces and distributes renewable energy-based electric energy.
Net sales are distributed geographically as follows: Portugal (63.1%), Europe (30%) and other (6.9%).