AS Company S.A. Announces Consolidated Earnings Results for the Year Ended December 31, 2016
April 07, 2017 at 05:09 pm EDT
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AS Company S.A. announced consolidated earnings results for the year ended December 31, 2016. Earnings before taxes amounted to EUR 3.423 million as compared to EUR 2.258 million in 2015, thus presenting an increase of 51.60%. The improvement in profitability is due to the increase in sales volume attributable to the strengthening of the market share in the toys sector. The corresponding figures for sales at consolidated level amounted to EUR 25.757 million as compared to EUR 21.429 million recording an increase of 20.20%. Earnings before taxes amounted to EUR 3.609 million as compared to EUR 2.258 million in 2015, thus presenting a significant increase of 59.84%. It should be noted the very low level of the company's bank debt which amounted to EUR 2.070 million against EUR 2.376 million in previous year while total bank debt at consolidated level amounted to EUR 2.248 million. In 2016, the company proceeded operating cash flow at the company's level amounted to EUR 1.446 million as compared to EUR 0.519 million in fiscal 2015 thus presenting an increase of 178.64%, while at consolidated level the corresponding figures amounted to EUR 1.216 million as compared to EUR 0.519 million, reporting an increase of 134.26%. The company’ earnings per share in fiscal 2016 amounted to EUR 0.124 as compared to EUR 0.059 in previous year, recording an increase of 111.3%. Given that book value (BV) per share amounted to EUR 1.77 on December 31, 2016. EBITDA was EUR 4,154,000 against EUR 2,872,000 a year ago. Net profit after tax was EUR 2,566,000 against EUR 1,542,000 a year ago. Sales turnover was EUR 25,757,000 against EUR 21,429,000 a year ago.
AS Company SA is a Greece-based manufacturing and trading company that is active in the production and distribution of toys. The Companyâs product categories are Educational, which includes scientific games, family board games and toy computers; Bebe, which consists of baby blocks, cotton dolls and rattles; Art/Creative Toys, which includes puzzles, karaoke kits and drawing sets; Boy, which includes sports games, Black and Decker sets, action figures and majorettes; Room Decoration, such as furniture, pillows, play tents and floor puzzles; Seasonal, such as school accessories, summer toys carnival costumes and toy vehicles, and Girl, which includes the Lilou doll range, the Tefal toy kitchen range and Disney accessories. It operates a network of approximately 1,800 points of sale and a logistic center and offers more than 1,500 products. The Companyâs other activities include the import of toys through licensing agreements with companies such as Walt Disney and Warner Bros.
AS COMMERCIAL INDUSTRIAL COMPANY OF COMPUTERS AND TOYS S.A. 
