| Company Advisors |
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| Last Updated 16 August 2007 |
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Nominated Adviser & Company Broker
Panmure Gordon (Broking) Limited
Moorgate Hall
155 Moorgate
London
EC2M 6XB |
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Solicitors to the Company as to English law
Memery Crystal LLP
44 Southampton Buildings
London
WC2A 1AP |
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Company Registrar
Kinanis Law & Consulting
12 Egypt Street
1097, Nicosia,
Cyprus |
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Auditors and Reporting Accountants
BDO Protypos Hellenic Auditing Company
81 Patission Street & 8 Heyden Street
Athens 104 34
Greece |
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BDO Philippides Ltd
70 JF Kennedy Avenue
Nicosia, 1641
Cyprus |
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Registrar
Kinanis Pyrgou & Co
29A Anna Komninis Street
1520 Nicosia
Cyprus |
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Registrars to Depositary Interest Arrangement
Capita IRG Trustees Limited
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU
Co Advisors
Tavistock Cimmunications
131 Finsbury Pavement
London
EC2A 1NT
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Investor
Relations
The information in this section is disclosed pursuant to Aim Rule 26.
Final results for 2009
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Results: |
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Group revenues increased by 12% to €73.9 million (2008: €65.8 million): |
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Profit before finance charges and tax €8.9 million (2008: €10.5 million) |
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Net profit €2.8 million (2008: €6.6 million) as a result of increased cost of financing (€4.5 million compared to €3.2 million in 2008). |
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Remains cash positive despite unprecedented trading conditions, with operating cash flow of €2.5 million (2008: €7.0 million). |
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Transformation in scale of Vehicles division means Company now has critical scale for high margin supply and distribution of specialist waste collection vehicles both in Greece and Cyprus - fulfillment of two large contracts in 2009
• Municipality of Athens contract, worth an initial €14.5 million,
• €10 million contract with the Prefecture of East Macedonia Thrace for the supply of specialist waste vehicles.
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Year end net debt at €71.7 million (2008: €70 million) as a result of completion of investment programme, delays in receipt of government grants and slower payment by customers. |
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Appointment of Dimitri Goulandris as Non-Executive Chairman, Apostolos Binomakis moves to Non Executive Director from Chief Financial Officer, appointment to the Board of Ioannis Tolias as Chief Financial Officer. |
Share Price
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