SAG GEST - Soluções Automóvel Globais, SGPS, S.A. Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2016
February 09, 2017
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SAG GEST - Soluções Automóvel Globais, SGPS, SA reported unaudited consolidated earnings results for the year ended December 31, 2016. For the period, the company reported turnover of €633,422,000 against €621,161,000 a year ago, maintaining the consistent path of operational performance improvement. EBITDA was €18,180,000 against €15,111,000 a year ago. EBITDA increased 20.3%, due to an improved channel mix in Automotive Retail business in Portugal, namely the reduced relative weight of the rent-a-car segment. EBIT was €16,061,000 against of €13,010,000 a year ago. EBT was €641,000 against LBT was €12,569,000 a year ago. Net loss from ordinary activities was €1,009,000 against €16,444,000 a year ago. Net loss before non-controlling interests was €1,009,000 against €74,755,000 a year ago. Net loss after non-controlling interests was €1,158,000 against €74,897,000 a year ago. Consolidated net debt was €95.5 million as at 31 December 2016 decreased €15.6 million compared with 31 December 2015. Sales were €623,022,000 against €611,412,000 a year ago.
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 
