ΙKTINOS HELLAS S.A. - Investor Relations




 

Announcement regarding the financial results of the year 2007 21.03.2008

The parent’s company turnover represented an increase of 21 % amounting to 18,27 mil. Euro from 15,10 mil Euro, the earning before tax and investments came up to 2,92 mil. Euro while the earnings before tax and investments for the previous year came up to 2,06 mil. Euro, representing an increase of 45 %. Finally the earnings before tax came up to 2,15 mil. Euro while the earnings before tax for the previous year came up to 1,44 mil. Euro, representing an increase of 49%. The consolidated turnover represented an increase of 20 % amounting to 18,60 mil. Euro from 15,50 mil Euro and the earnings before tax and investments came up to 2,55 mil. Euro while the earnings after tax and investments for the previous year came up to 1,28 mil. Euro, representing an increase of 99 %. The earnings before tax came up to 2,44 mil. Euro for the year 2007 while the earnings before tax for the year 2006 came up to 3,55 mil. Euro. We must noted that in the earnings before tax including the profit from the investment activities of the project in Sitia – Crete. For the year 2006 came up 2,30 mil. Euro and for the year 2007 came up 0,70 mil. Euro. The management of the company expected to propose to the Shareholders General Meeting the distribution of a dividend corresponding to 0,04€ per share, increased by 33,3% as compared against the year 2006.Iktinos Hellas is the leading marble industry in Greece with significant international exposure. Iktinos Hellas is a vertical company with self-used marble quarries, cutting and elaborations plants, distribution channels on abroad and in Greece, branches and specialization in applications and novel architectural solutions by maintaining a leadership position, improving profitability, focusing on organic growth by developing innovative solutions. Exports in 2007 reached 6.38 M euros marking a 28% increase compared to 2006. This is due to the increased demand for the ‘’Golden Spider’’ and ‘Thassos” marbles, which are mined in our privately-owned quarries. In the Real Estate sector Iktinos Group is active through the company Latirus Enterprises Ltd which holds 20,3% of the share capital. The company Latirus Enterprises Ltd implements (through the participation in the company IKTINOS TECHNICAL AND TOURIST S.A.) the project at the Ormos Faneromenis location, in the Municipality of Sitia, Crete, and the construction of a tourist resort, a conference centre, a thalassotherapy centre, a harbour, a golf course, and two housing estates, in cooperation with the company Dolphin Capital Investors. In the Wind Energy sector activated through the company IDEH S.A which holds the 100% of the share capital. This company holds production and installation permission for the wind farm of nominal power of 19.80 MW at the area ‘’Megalovouni’’ in the Municipality of Nikiforos, Drama, which after the positive report from the RAE to change the number and the type of the wind-machines is expected to become operational by the second quarter of 2009. Also the company holds a production permission for wind farm of nominal power of 8,00 MW at the area ‘’Sinora’’ in the Municipality of Nikiforos, Drama.IKTINOS HELLAS S.A., as part of its plan to reinforce its presence in the Renewable Energy Sources sector and given its exclusive collaboration with an expert technical consultant firm, has scheduled the setting up of new wind parks with an installed capacity of 150 - 200 MW within the next three years. These new projects are being systematically evaluated, whereas, a great number of areas across Greece are being measured as regards their wind potential according to DIN-EN ISO/IEC

maps and flags  Likovriseos 7, Metamorfosi 14452

phone call  210 - 2826825

fax210 - 2818574

email  ir@iktinos.gr

Ικτίνος Ελλάς Α.Ε. - Επενδυτικές Σχέσεις