SUMMARY OF FINANCIAL DATA

INCOME STATEMENT

Income Statement (in € m)20202021202220232024
Sales462.7592.2402.7453.5651.5
Gross Profit53.231.620.936.882.3
Other Income & Write-Offs-17.1-15.7-6.5-5.1-19.7
Administrative & General Expenses-33.3-33.8-41.0-31.9-34.9
Income from Associates21.831.247.432.438.2
EBITDA62.351.058.260.8105.3
Depreciation15.317.012.618.323.0
Financial Results-24.3-22.3-20.7-20.8-24.7
PreTax Earnings7.10.018.516.738.0
Net Earnings 6.1-12.439.910.430.4

BALANCE SHEET

Balance Sheet (in € m)20202021202220232024
Fixed Assets (incl. Restricted Deposits)598.5487.1464.3502.0465.4
Inventory39.625.821.331.947.9
Assets for sale0.0150.385.165.40.0
Receivables from Clients489.7419.2419.2526.5645.8
Restricted Deposits (short-term)32.713.91.90.50.8
Cash Equivalent50.5100.284.876.570.2
Total Assets1,211.01,196.41,076.51,202.81,230.0
Long-Term Debt510.7383.2292.6267.5268.9
Other Long-Term Liabilities63.655.7184.2232.1232.9
Suppliers & Other Short-Term Liabilities440.5386.5292.1417.6476.3
Short-Term Debt104.1112.490.283.894.2
Liabilities from Assets for Sale0.0148.362.442.10.0
Shareholder Funds92.0110.4154.9159.7157.6
Total Liabilities1,211.01,196.41,076.51,202.81,230.0

CASH FLOW

Cash Flow (in € m)20202021202220232024
Pre Tax Earnings2.9-13.646.317.147.0
Depreciation15.317.012.618.323.0
Other Operating Cash Flows1.01.3-60.6-11.1-4.6
Change in Working Capital-89.145.1-12.826.0-102.3
Operating Cash Flow-69.949.9-14.450.3-36.8
Net Movement in Investments-2.140.5111.2-1.015.5
Dividend Received38.931.746.736.238.7
Net Investment Cash Flow36.772.2157.935.254.3
Free Cash Flow-33.2122.1143.585.517.4
Financing Cash Flow-3.6-89.8-163.4-97.7-31.5
Total Cash Flow-36.832.3-19.9-12.2-14.1

KEY FINANCIAL INDICATORS

The following table illustrates some key financial ratios, on a consolidated basis:

Key Financial Indicators20202021202220232024
Debt / Equity12.169.845.956.536.81
Debt / (Equity + Liabilities)0.920.910.860.870.87
Net Debt & Equipment Leasing / EBITDA7.456.594.223.642.25
Interest Cover (EBITDA / Net Financing Cost)2.572.292.812.924.27
Current Ratio1.120.030.030.010.01
Quick Ratio1.051.061.331.231.26
Gross Profit Margin11.5%5.3%5.2%8.1%12.6%
EBITDA Margin13.58.6%14.5%13.4%16.2%
EBIT Margin6.8%3.8%9.8%8.3%9.6%
Pretax Margin1.5%0.0%4.6%3.7%5.8%
Net Margin1.2%-2.4%9.5%2.3%4.6%
(avg) Return on Equity6.7%-13.9%28.7%7.7%19.0%
(avg) Return on Assets0.4%-1.2%3.4%0.9%2.5%

Share Capital Changes

The par value of the Company’s paid-up share capital amounts to €44,496,455 and is split into 148,321,516 common registered shares, each with a face value of €0.30.

Besides the par value, the Company’s paid-up equity capital includes share premium reserves amounting to €145,451,670 thereby bringing the total of the Company’s paid up capital to €189,948,125.

The following changes in the Company’s nominal share capital have taken place since incorporation:

Authorising General AssemblyShares issuedPar Value (in drachmas / €)Issue Price (in drachmas / €)Reserves Capitalisation (in drachmas / €)Rights Issue (in drachmas / €)Total Par Value of Share Capital (in drachmas / €)New Total of Shares
Incorporation10,01010,00010,000100,100,000100,100,00010,010
30.06.199290,0901,000100,100,000100,100
01.06.1994394,9001,0001,000394,900,000495,000,000495,000
01.06.19942,805,000150495,000,0003,300,000
01.06.19941,000,0001501,500150,000,000645,000,0004,300,000
16.05.19971,720,0001501,200258,000,000903,000,0006,020,000
25.11.1998180180,600,0001,083,600,0006,020,000
05.08.19999,030,0001801,6001,625,400,0002,709,000,00015,050,000
15.06.20003,010,000180541,800,0003,250,800,00018,060,000
15.06.200018,540,0001801,9003,337,200,0006,588,000,00036,600,000
26.06.2001€0.55€796,177.54€20,130,00036,600,000
31.01.200336,600,000€0.55€20,130,000€40,260,00073,200,000
26.06.2007€0.58€2,196,000€42,456,00073,200,000
23.08.20074,454,850€0.58€7.60€33,856,860€45,039,81377,654,850
03.09.2018€0.30- €21,743,358€23,296,45577,654,850
26.09.201966,666,666€0.30€0.30€20,000,000€43,296,454144,321,516
24.06.20214.000.000€0.30€1.200.000€44.496.454148.321.516
TOTAL148,321,516€0.30€44,496,454

Search: