SAG GEST Soluções Automóvel Globais, SGPS, SA Reports Unaudited Consolidated Earnings Results for the Nine Months Ended September 30, 2016
October 30, 2016
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SAG GEST Soluções Automóvel Globais, SGPS, SA reported unaudited consolidated earnings results for the nine months ended September 30, 2016. For the period, the company reported sales of EUR 453,074,000 against EUR 457,460,000 a year ago. Turnover was EUR 460.8 million, a marginal 0.8% decrease when compared with EUR 464.7 million recorded during the same period the year before. EBITDA increases 2.6% to EUR 14.8 million from EUR 14.4 million in past year, due to an improved channel mix, namely a lower weight of the rent-a-car segment. Earnings before interest and taxes were EUR 13.3 million, a 5.7% increase when compared to approximately EUR 12.6 million during the first nine months in 2015. Earnings before taxes were approximately EUR 1.6 million against loss before taxes of EUR 5.8 million in the same period of the previous year. Net loss was EUR 0.9 million, an 84.2% improvement when compared with the EUR 5.5 million recorded in the same period in 2015. Net debt as at September 30, 2016 was EUR 128.3 million.
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 
