Sports Club Gloria
Romania
Consolidat
ed profits after taxes and minority rights amounted to 8,00 mil. Euros against 5,92 mil. Euros in 2005, showing an increase of 35,0%, whereas earnings before interest, taxes, depreciation and amortizations (EBITDA) of the group amounted to 12,63 mil. Euros against 9,80 mil. Euros last year, showing an increase of 28,9%.
Furthermore, consolidated turnover amounted to 61,15 mil. Euros, in the nine month period of 2006, against 57,31 mil. Euros of the equivalent nine month period of the previous year, showing an increase of 6,7%. It is noted that turnover of 2005 also included sales of the subsidiary Leistritz Hydraulik GmbH, a participation sold by the company at the beginning of 2006 and therefore consolidated in this period.
At parent company level, profits before taxes increased in the examined period by 10,3% and amounted to 8,49 mil. Euros against 7,70 mil. Euros in the equivalent nine month period of the previous year.
Profits after taxes of the parent company amounted to 6,85 mil. Euros in 2006 from 5,67 mil. Euros in the same period in 2005, increased by 20,8%, whereas EBITDA amounted to 9,38 mil. Euros in the nine month period of 2006 from 8,54 mil. Euros in the same period of 2005, showing an increase of 9,8%.
At parent company level, turnover amounted to 55,00 mil. Euros against 46,78 mil. Euros in the equivalent nine-month period of the previous year, presenting an increase of 17,6%.
According to the management of Kleemann Hellas, the significant increase in consolidated financial assets is due to the upward course of the subsidiaries of the group, the further increase of exports of the listed company, and furthermore the launching of new products in the market. At the same time, the financial statements of this year are not encumbered with the detrimental results of Leistritz Hydraulik GmbH.
It is noted that for 2006 as a whole the management of the company estimates consolidated sales of approximately 84,00 mil. Euros (79,24 mil. Euros in 2005), consolidated earnings before interest, taxes, depreciation and amortizations (EBITDA) of 16,00 mil. Euros (12,15 mil. Euros in 2005), consolidated profits before taxes and minority rights of 13,00 mil. Euros (9,78 mil. Euros in 2005) and profits after taxes and minority rights of the shareholders in the group of 9,60 mil. Euros (6,53 mil. Euros in 2005).