Sidma S.A. Announces Group and Company Earnings Results for the Full Year of 2013
At Company level, the turnover of SIDMA stood at EUR 55 million from EUR 56 million in 2012, i.e. a 2% fall. Taking also into account the Company's sales on behalf of third parties (agency), total sales stood at EUR 85 million from EUR 88 million in 2012, thus registering a 3.8% decrease. Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at EUR 252,000 compared to EUR 91,000 in the previous year, thus registering a 176% increase, while pre-tax results were equal to losses of EUR 7.9 million compared to losses of EUR 9.2 million in the previous year, this being a 14% improvement. A provision for impairment of foreign holdings totaling EUR 2.0 million was charged to the above results.