Space Hellas Logo   Home | Investor Relations | News | Download | Contact   Search  go         
  Company
Chairman’s Message
Management - Founders
Company History
Presentation
Certifications
Quality
Investor Relations
Press
How to find us
Subsidiaries and Other Companies
  System Integration
  Solutions & Services
  Sectors
  Technical Services
  Customer Support
  R & D
  Careers
SpacePhone - Fixed, Mobile and Internet Services
Space Hellas PULSE - Maximize IT Performance - Guarantee Security Compliance
Space Hellas GUARDIAN - Maximize your Site's Security
Space Hellas among the top System Intengrators in Europe
Space Hellas Twitter Space Hellas Facebook Space Hellas Linkedin

Press Releases

Increase in revenue and profits after taxes for Space Hellas in 2014
04-03-2015

Significant decrease in net debt by € 4.2 million.

Space Hellas recorded an 5,1%  increase in consolidated revenues in 2014 and amounted to € 43.1 million compared to € 41 million in 2013.

Gross profit declined to € 12.4 million in 2014 compared to € 13.2 million in 2013, which does not reflect to EBITDA, which increased marginally and amounted to € 4.1 million in 2014 versus € 4 million in 2013.
Earnings before taxes declined to € 416 thousand in 2014 versus € 689 thousand in 2013 and Earnings after taxes increased to € 749 thousand in 2014 versus € 31 thousand in 2013.

At the same, it took place a significant reduction of both, the total bank loans, which amounted at € 18.9 million in 2014 compared to € 20.1 million in 2013, and the net debt, which amounted to € 15 million in 2014 compared to € 19.2 million in 2013 decreased by € 4.2 million.

It is worth noting that a significant net operating cash flows of € 4 million is recorded, which channeled to debt reduction but primarily to cash and cash equivalent increase. More specifically, the cash and cash equivalent posted of € 3.8 million in 2014 compared to € 0.8 million in 2013, maintaining a consistently safe financial environment for the Group in 2015.

For the parent company, the turnover amounted to € 40.9 million in 2014 compared to € 38.7 million in 2013, while EBITDA reached € 4.1 million in 2014 compared to € 3.5 million in 2013. Finally, profit before taxes for the parent company reached € 1,963 thousand in 2014 compared to € 161 thousand in 2013 while the corresponding profit after taxes in 2014 amounted to € 2,444 thousand compared to € -359 thousand in 2013.

As a general estimate, in 2015 the Group will continue its efforts to improve its strong position, both on a commercial level and on financial fundamentals, always taking into account the general market environment. At the same time, the effort to increase company’s outward focus and the percentage of revenues deriving from foreign customers and activities remains unabated.

« Back
Press Releases
Company Logo
 
 
Space Hellas ISO certifications
© Space Hellas 2017 | Privacy Policy | Sitemap