16 October 2018

Sfakianakis Group reports 6,7% jump in sales

03 November 17 - RE+D Magazine
Sfakianakis Group reports 6,7% jump in sales



Public entity - GREECE

Solum Property Solutions

Consultant - GREECE


Consultant - GREECE

IBI Group

Consultant - GREECE


Antulio Richetta

Director IBI Group
Sfakianakis Group on Friday said its sales totaled 219 million euros in the January-September period, up 6.7 pct compared with the same period last year. Parent sales grew 20.2 pct to 204 million euros.


EBITDA grew 7.8 pct to 24.8 million euros, while parent operating earnings totaled 23.4 million euros, up from 1.4 million euros in the same period in 2016.

Both consolidated and parent companies reported profits in the nine-month period (1.1 million euros and 900,000 euros, respectively) from losses of 3.7 million and 12.3 million in the same period last year, respectively.

Parent results were not fully comparable with 2016 since the company merged with its subsidiary Executive Lease.

Sfakianakis said its wholesale and retail sales accounted for 15.6 pct of the Greek new car market, up from 14.8 pct in 2016.


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