SAG GEST - Soluções Automóvel Globais, SGPS, SA Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015
April 28, 2016
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SAG GEST - Soluções Automóvel Globais, SGPS, SA reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported turnover of 621,161,000 against 487,146,700 a year ago. EBITDA was 15,119,000 against 20,247,500 a year ago. EBIT was 12,632,700 against LBIT of 27,727,200 a year ago. LBT was 12,569,200 against 50,138,800 a year ago. Net loss was 74,755,100 against 55,221,400 a year ago. Net loss attributable to company was 74,897,000 against 55,411,500 a year ago. Loss per share basic was 0.48886 against 0.3622 a year ago.
For the year, the company reported turnover of 156,420,000 against 131,463,100 a year ago. EBITDA was 703,400 against 7,346,300 a year ago. EBIT was 53,000 against LBIT of 38,663,800 a year ago. LBT was 6,786,300 against 45,493,300 a year ago. Net loss was 69,426,900 against 47,381,600 a year ago. Net loss attributable to company was 69,446,900 against 47,470,500 a year ago. Loss per share basic was 0.4538 against 0.3103 a year ago. Net cash outflows from operating activities was 730,600 against 2,227,300 a year ago.
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.
SAG GEST - Soluções Automóvel Globais, SGPS, SA Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015