SAG GEST - Soluções Automóvel Globais, SGPS, SA Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
April 16, 2014
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SAG GEST - Soluções Automóvel Globais, SGPS, SA reported consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported turnover of EUR 121,046,000 compared to EUR 112,546,000 a year ago. EBITDA was EUR 4,952,000 compared to EUR 3,265,000 a year ago. EBIT was EUR 3,877,000 compared to EUR 2,309,000 a year ago. LBT was EUR 2,545,000 compared to EUR 1,479,000 a year ago. Net loss from ordinary activities was EUR 6,992,000 against EUR 1,919,000 a year ago. Consolidated net loss was EUR 6,992,000 against EUR 1,947,000 a year ago. Net loss was EUR 7,024,000 compared to EUR 2,009,000 a year ago.
For the year, the company reported turnover of EUR 405,688,000 compared to EUR 410,286,000 a year ago. EBITDA was EUR 11,888,000 compared to EUR 9,689,000 a year ago. EBIT was EUR 9,090,000 compared to EUR 6,675,000 a year ago. LBT was EUR 8,769,000 compared to EUR 11,024,000 a year ago. Net loss from ordinary activities was EUR 15,518,000 against EUR 9,410,000 a year ago. Consolidated net loss was EUR 15,518,000 against EUR 10,528,000 a year ago. Net loss was EUR 15,578,000 compared to EUR 10,589,000 a year ago. SAG Group's consolidated net debt as at 31 December 2013 was EUR 264.2 million, a decrease of EUR 65.7 million when compared to December 2012.
SAG Gest Solucoes Automovel Globais SGPS SA is a Portugal-based holding company engaged in the automotive sector. The Company is primarily involved in the import, distribution, retail and rental of new passenger and commercial cars, as well as spare parts and accessories. It is also active in the retail and wholesale of used cars. Additionally, the Company is engaged in the provision of after-sales services, car financing services and insurance brokerage. It operates in Portugal and Brazil. The Company's portfolio includes various brand names, including Volkswagen, Audi, Skoda, Bentley and Lamborghini. The Company has a number of subsidiaries, such as SIVA SA, Soauto Comercio de Automoveis SA and Rolporto SA.