Sidma S.A. Announces Consolidated and Parent Earnings Results for the Nine Months of 2013
For the period, on parent basis, the company reported total turnover stood at EUR 42 million, compared to EUR 41 million in the respective period of 2012 and, together with agency sales, stood at EUR 65 million compared to EUR 63.5 million in the previous year, thus registering a 2% increase. The positive fact is that for the first time since the second half of 2008, the market appears to be stabilized and give minor signs of recovery. If the company set aside the third quarter of the year, then the turnover of company rose by 13% from EUR 12.5 million in 2012 to EUR 14.1 million in 2013 and, together with agency sales, the increase comes to 7% from EUR 19.9 million in 2012 to EUR 21.3 million in 2013. In terms of pre-tax results, the parent company registered reduced losses by approximately EUR 3 million (EUR 4.3 million in 2013 from EUR 7.0 million in 2012) and in terms of EBITDA it registered profits of EUR 320,000 compared to losses of EUR 380,000 in nine months of 2012.