GREECE. Hellenic Duty Free Shops (HDFS) has posted a +38% surge in revenues for 2007 to €414.1 million, as the effect of recent acquisitions takes effect on its balance sheet.
EBITDA reached €69.8 million, up +7.7% year on year. EBIT was €55.5 million while earnings after tax and minority interests were €33.5 million.
From the fourth quarter the results included income from Elmec Sport, which contributed €62.8 million in sales.
Parent company Hellenic Duty Free posted sales of €262 million, up +4.3% in the year an EBITDA was €54.7 million.
Subsidiary Hellenic Distributions had sales of €92.6 million while EBITDA reached €9.6 million from €1.1 million in 2006. Pre-tax earnings were €3.7 million while after tax this figure was €1.3 million.
Since August 2006 the division’s results include Links of London. Its sales were €67 million with EBITDA of €8 million. Pre-tax earnings were €4.8 million and net earnings after tax were €2.4 million.
[comments]
Your post will appear – once approved – in The Moodie Forum on our home page
MORE STORIES ON HELLENIC DUTY FREE SHOPS
Hellenic Duty Free Shops posts +19.4% surge in sales during the first nine months – 28/11/07
Hellenic Duty Free Shops confirms acquisition of Greek sporting goods distributor – 08/10/07
Hellenic Duty Free Shops in talks to acquire leading Greek sports retailer – 05/10/07
Hellenic Duty Free Shops posts +24.8% rise in first-half group sales but profits ease – 31/08/07
