SAG GEST - Soluções Automóvel Globais, SGPS, S.A. Reports Unaudited Consolidated Earnings Results for the Nine Months Ended September 30, 2017
November 29, 2017
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SAG GEST Soluções Automóvel Globais, SGPS, SA reported unaudited consolidated earnings results for the nine months ended September 30, 2017. For the period, the company reported sales of EUR 466,575,000 against EUR 453,074,000 a year ago. Turnover was EUR 474,698,000 against EUR 460,842,000 a year ago. EBITDA was EUR 11, 366,000 against EUR 14,797,000 a year ago. EBIT was EUR 9,574,000 against EUR 13,224,000 a year ago. Net Financial loss was EUR 12,090,000 against EUR 11,744,000 a year ago. LBT was EUR 2,517,000 against EBT of EUR 1,480,000 a year ago. Net loss attributable to the company shareholders was EUR 3,766,000 against EUR 930,000 a year ago. On 30 September 2017, net debt was EUR 152.7 million, an increase of EUR 57.2 million (59.9%) when compared with EUR 95.4 million, recorded as at 31 December 2016 reflecting seasonal fluctuations in the activity, almost exclusively in inventory levels.
SAG Gest Solucoes Automovel Globais SGPS SA is a Portugal-based holding company engaged in the automotive sector. The Company is primarily involved in the import, distribution, retail and rental of new passenger and commercial cars, as well as spare parts and accessories. It is also active in the retail and wholesale of used cars. Additionally, the Company is engaged in the provision of after-sales services, car financing services and insurance brokerage. It operates in Portugal and Brazil. The Company's portfolio includes various brand names, including Volkswagen, Audi, Skoda, Bentley and Lamborghini. The Company has a number of subsidiaries, such as SIVA SA, Soauto Comercio de Automoveis SA and Rolporto SA.
SAG GEST - SOLUÇÕES AUTOMOVEL GLOBAIS 
