SAG GEST - Soluções Automóvel Globais, SGPS, SA Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013
August 29, 2013
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SAG GEST - Soluções Automóvel Globais, SGPS, SA reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported turnover of EUR 100,135,000 compared to EUR 105,285,000 a year ago. EBITDA was EUR 2,794,000 compared to EUR 2,459,000 a year ago. EBIT was EUR 2,224,000 compared to EUR 1,541,000 a year ago. LBT was EUR 1,797,000 compared to EUR 5,039,000 a year ago. Net loss from ordinary activities was EUR 2,554,000 compared to EUR 4,790,000 a year ago. Net loss was EUR 2,554,000 against EUR 5,621,000 a year ago.
For the six months, the company reported turnover of EUR 184,816,000 compared to EUR 202,173,000 a year ago. EBITDA was EUR 4,973,000 compared to EUR 4,591,000 a year ago. EBIT was EUR 3,816,000 compared to EUR 3,190,000 a year ago. LBT was EUR 5,133,000 compared to EUR 7,818,000 a year ago. Net loss from ordinary activities was EUR 6,235,000 compared to EUR 6,752,000 a year ago. Net loss was EUR 6,235,000 against EUR 7,667,000 a year ago. Consolidated net debt was EUR 327.1 million.
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 Second Quarter and Six Months Ended June 30, 2013