Ôoday, August 30 2007, Inform Lykos reports its financial results for the first half of 2007 according to IFRS.
The consolidated financial results of Inform Lykos include the following companies: INFORM P. LYKOS S.A, EVE S.A., LYKOS PAPERLESS SOLUTIONS S.A. and TERRANE LTD (with consolidated financial reports).
Consolidated revenues for the first half of 2007 exceeded EUR 35.2M increased by EUR 1.5M or 4.4% compared to the relevant period of 2006. Consolidated profits before interest, taxes, depreciation and amortization (EBITDA) reached EUR 5.8M, decreasing by EUR 0.5M or 7.9% versus the same period of 2006. Consolidated profits before taxes reached EUR 3.3M, decreasing by 27.1% versus the same period of 2006.
The parent company, INFORM P. LYKOS S.A., for the first half of 2007, shows revenues of EUR 20.2M increased by 1.8M or 9.6% compared to the same period of 2006. Profits before interest, taxes, depreciation and amortization (EBITDA) exceeded EUR 3.1M, increased by 1% versus the same period of 2006. Profits after taxes increased by 2.6% reaching EUR 2.4M.
“ Financial results of the first half of 2007”, as Pavlos Tryposkiadis, Vice –President & Deputy Managing Director stated “indicate a significant turnover improvement for the Group as well as for the parent company. This result is based on our effort for market share increase and new agreements. In Romania financial results, due to the installation of the new production unit, which took place at the 2nd semester of this year, indicate an important pressure not only in sales but mainly in profitability. The above consequences are about to be balanced until the end of the fiscal year. Since July the new production unit of 15.000 square meters in Bucharest, is in full operation. At the same time, we were gradually released by the 3 rented production units, and this is certainly going to lead to lower operational cost and better profit margins. In addition, the parent company shows an extremely strong position with sales increase and high profit margins. This strong performance is based on long term agreements and not to one-off sales”.
About Inform Lykos (www.lykos.gr) Inform Lykos is active in the field of Information Management and Business Communications Services. It is actually the development of an entrepreneurial activity that started in 1897. In our days it has been transformed to a Group of dynamic companies. Lykos is active in designing and printing of different company forms, letterheads, invoices, airline boarding passes, lottery forms, direct mailings and other types of paper forms. The group also supplies security printing material, such as checks and money orders, bonds and stocks certificates, tobacco control stickers and drugs control security labels, and exclusive water-marked papers. Other activities include the designing and development of different software to support data processing, forms printing, billing and statement printing. Lykos is driving the market to the metaprinting® era by providing sophisticated contact center services, loyalty schemes, smart card applications and Electronic Bill Presentment and Payment (EBPP) services.