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Duty Free Shops report lower nine-month results

Δημοσίευση 26 Νοεμβρίου 2010, 10:14 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Duty Free Shops report lower  nine-month results
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Duty Free Shops SA on Thursday said consolidated sales fell 2.8 pct to 454.1 million euros in the January-September period this year, compared with the same period in 2009, while net after tax and minorities earnings fell to 32.8 million euros from 36.9 million euros over the same periods, respectively.

Duty Free Shops SA on Thursday said consolidated sales fell 2.8 pct to 454.1 million euros in the January-September period this year, compared with the same period in 2009, while net after tax and minorities earnings fell to 32.8 million euros from 36.9 million euros over the same periods, respectively.

Consolidated EBITDA fell to 76.1 million euros in the nine-month period this year, form 78.5 million in 2009, with EBITDA margin at 16.7 pct and consolidated pre-tax earnings fell to 51.5 million euros from 52.6 million euros.

George Velentzas, Duty Free Shops’ general manager said the results were encouraging compared with adverse conditions prevailing in the domestic retail market in the last two years.

Parent sales fell 6 pct to 187.3 million euros, pre-tax profits rose 8.0 pct to 45.9 million euros and net after tax earnings fell 3.2 pct to 30.8 million euros.