Its Ebitda reached 15.5 million euros, an increase of 59.8 percent
After-tax profits exceeded 6.5 million euros
The Azkoyen Group increased their sales by 15.2 percent.
November 15, 2006.- The Azkoyen Group closed the third quarter of 2006 with a significant increase in its profits. After tax results increased to 6.53 million euros, 430 percent more than during the same period the year before, while the results before taxes rose to 8.68 million euros, 331 percent higher than those recorded during the same period last fiscal year. In a similar manner, the Group recorded an increase in its EBIT, with an improvement of 249 percent over the same period the year before, reaching 10 million euros.
Sales, in turn, increased 15.2 percent, reaching 100.3 million euros.
ITEM |
30/09/2006 |
30/09/2005 |
CHANGE |
Business Figures Net Amount |
100,315 |
87,087 |
15.2% |
Gross operating results (EBITDA) |
15,501 |
9,703 |
59.8% |
Net operating results (EBIT) |
10,028 |
2,870 |
249.4% |
Before-tax results |
8,687 |
2,013 |
331.5% |
After-tax results |
6,533 |
1,231 |
430.7% |
(in thousands of Euros)
For Miguel Iraburu, president of Azkoyen, “the group is continuing with the strategic plan they announced, and is focusing its activities on those segments and business lines that achieve sales volumes and EBITDA that show significant growth, especially in the case of the Payment Systems line, with a growth of 72 percent”.
Business figure evolution
ITEM |
30/09/2006 |
30/09/2005 |
CHANGE |
Payment Systems |
32,712 |
18,931 |
72.8% |
Tobacco Machines |
12,159 |
9,907 |
22.7% |
Vending Machines |
14,131 |
17,463 |
-19.1% |
Hotel and Restaurant Service Machines |
4,291 |
5,106 |
-16% |
Coffee and Consumible Goods |
24,028 |
23,182 |
3.6% |
Machines and Installations |
12,994 |
12,498 |
4% |
TOTAL |
100,315 |
87,087 |
15.2% |
Consolidated amounts (in thousands of Euros)
Tobacco Machine sales continue the growth trend that began during the first quarter of 2006, once the legislative uncertainty dissipated that had existed during the previous year. During this fiscal year, activity levels will be maintained above those we saw during 2005.
Payment Systems activity, in turn, experienced a sales increase of 72.8 percent over the same period in 2005, continuing the growth trend recorded during the previous year. The acquisition of Coges SpA is fulfilling all expectations, and has confirmed Azkoyen’s position as European market leader in Payment Systems.
Coffee and Consumable Goods activity confirmed its positive trend, with an increase of 3.6 percent. Regarding the Machine and Installations business, which experienced growth of around 4 percent, the Group hopes to reach higher growth figures once the actions taken and implemented in this line are consolidated. Finally, results for the Vending Machine and Hotel and Restaurant Service Machines are down from those from the previous fiscal year, although the outlook for the future is positive.
Likewise, in order to aid in achieving results, a strict cost containment policy will continued to be followed. A consequence of this policy has been the sale of non-strategic activities involving coffee distribution for the Horeca and Office Divisions in Portugal, with a capital gain of nearly three million euros. |
