SIDMA S.A. announced consolidated and parent earnings results for the third quarter of fiscal year 2014. For the quarter, the company reported turnover of EUR 74.8 million compared to EUR 74.5 million in the respective period of 2013. Together with agency sales, the turnover stood at EUR 96.7 million from EUR 97.1 million last year. In relation to the respective last-year period, pre-tax results registered losses equal to EUR 6.3 million compared to losses of EUR 7.1 million, that is a 12% improvement, whereas earnings before interest, taxes, depreciation and amortization (EBITDA) were equal to profits of EUR 466,000 compared to EUR 33,000.

At parent company level, the turnover amounted to EUR 42 million, remaining at the levels of the respective period of 2013 and, together with agency sales, stood at EUR 63.8 million from EUR 64.7 million last year. In terms of EBITDA, the parent company registered profits of EUR 355,000 from EUR 319,000 in the respective nine-month period of 2013 (including extraordinary expenses of approximately EUR 200,000 due to the refund of equal previous income from photovoltaic parks to the Operator of Electricity Market). In terms of pre-tax results, they registered marginally improved losses of EUR 4.2 million compared to EUR 4.3 million in 2013.