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PREFAB SA - PREH

2017 H1 financial results

Release Date: 8/16/2017 8:30:05 AM

IRIS Code: 2251D

Half-yearly report according to C.N.V.M. Regulation no.1/2006 for the first semester of 2017

 Date of report:16.08.2017

Name of the company - Prefab S.A

Registered Office - Bucuresti, Dr. Iacob Felix, nr. 17-19, et.2, sector 1

Premises:Calarasi, str. Bucuresti, nr. 396

Phone no./fax - 021-3315116/ 021-3305980

Tax Identification Number at Trade Registry Office - RO 1916198

Trade Register Registration Number - J40/9212/2003

Regulated market where the issued securities are traded - Bucharest Stock Exchange, Standard Category

Subscribed and paid in share capital - 24.266.709,5 lei

The main characteristics of the securities issued - the company has issued a number of 48.533.419 registered shares each with a nominal value of 0,5 lei, dematerialized

Accounting standard applied: International Financial Reporting Standards

 Communication – Half-yearly report – the first semester of 2017

 In the first half of the year 2017, compared to the same period of the year 2016, we witnessed a slight revival of demand in the building materials market, particularly in the private sector,otherwise,the market is still affected by the lack of large infrastructure projects.

The turnover registered on 30.06.2017is growing with 3.43 % compared to that recorded on30.06.2016, due to the sales policies adopted by the company.

The operating result on 30.06.2017is in the amount of 883.152 Ron, compared to1.192.925 Ron, realized on 30.06.2016, in decreasecompared to the same period of the last year.

The financial result on30.06.2017is in the amount of -775.563 Ron, compared to-761.673 Ron realizedin the same period of the year 2016, the difference being caused by the fluctuation of the national currency against the European currency.

The value of fixed assets increased by 1.37%, from232.168.653Ron (31.12.2016) to235.354.615 Ron (30.06.2017), an increase mainly due to the purchase of trucks with shutters and cranes mounted, needed to transport the production sold as well as the investment in patterns for prefabricated performed as per customer requirements.

The value of current assets and the other assets increased by 5.68%, from43.383.677 Ron(31.12.2016) to45.849.047Ron (30.06.2017), an increase due to the increase of the stock of finished products but also of raw materials and materials.

 Total debt increased by 10.38%, from61.549.199 Ron (31.12.2016) to67.937.527 Ron (30.06.2017), due:mainlyto the increase of the production activity volume in the last two months of the semester,the increase of short-term debts through the extension of the credit line contracted with CEC Bank, from the value of 16.000.000 Ron to 19.000.000 Ron,obtaining more advantageous maturities from suppliers,all these in conjunction with the medium and long-term debt reduction.

 

Indicators (lei)

30.06.2017

31.12.2016

Variation

Fixed assets
235.354.615
232.168.653
+1.37%
Current assets and other assets
45.849.047
43.383.677
+5.68%
Total debts
67.937.527
61.549.199
+10.38%
Equity and other liabilities
213.266.135
214.003.131
-0.34%

 

Indicators (lei)

 

30.06.2017

 

30.06.2016

 

Variation

Net turnover
31.681.924
30.632.255
+3.43%
Operating income
7.261.351
6.148.386
+18.10%
Expenses from exploitation
38.060.123
35.587.716
+6.95%
Operating result
883.152
1.192.925
-25.97%
Amortization
3.162.735
3.060.216
+3.35%
EBITDA
4.045.887
4.253.141
-4.87%
Financial income
198.546
104.238
+90.47%
Financial expenses
974.109
865.911
+12.50%
Financial result
-775.563
-761.673
+1.82 %
Total income
39.141.821
36.884.879
+6.12%
Total expenses
39.034.232
36.453.627
+7.08%
Gross profit
107.589
431.252
-75.05%
Net income
79.815
319.755
-75.04%

 To view the entire report which shows the activity of the Company for the period January-June 2017,please consult the company's website, as well as in the link below.

MilutPetre Marian

General Director

 

 Consolidated half-yearly report according to C.N.V.M. Regulation no.1/2006 for the first semester of 2017

 Date of report:16.08.2017

Name of the company - Prefab S.A

Registered Office - Bucuresti, Dr. Iacob Felix, nr. 17-19, et.2, sector 1

Premises:Calarasi, str. Bucuresti, nr. 396

Phone no./fax - 021-3315116/ 021-3305980

Tax Identification Number at Trade Registry Office - RO 1916198

Trade Register Registration Number - J40/9212/2003

Regulated market where the issued securities are traded - Bucharest Stock Exchange, Standard Category

Subscribed and paid in share capital - 24.266.709,5 lei

The main characteristics of the securities issued - the company has issued a number of 48.533.419 registered shares each with a nominal value of 0,5 lei, dematerialized

Accounting standard applied: International Financial Reporting Standards

 Communication – Consolidated half-yearly report – the first semester of 2017

 In the first half of the year 2017, compared to the same period of the year 2016, we witnessed a slight revival of demand in the building materials market, particularly in the private sector,otherwise,the market is still affected by the lack of large infrastructure projects.

The consolidated turnover registered on 30.06.2017is growing with 5.87 % compared to that recorded on30.06.2016, due to the sales policies adopted by the company.

The operating result on 30.06.2017is in the amount of 807.089 Ron, compared to1.046.914 Ron, realized on 30.06.2016, in decreasecompared to the same period of the last year.

The financial result on30.06.2017is in the amount of -775.444 Ron, compared to-761.555  Ronrealizedin the same period of the year 2016, the difference being caused by the fluctuation of the national currency against the European currency.

The value of fixed assets increased by 1.43%, from222.912.881 Ron (31.12.2016) to226.098.764 Ron (30.06.2017), an increase mainly due to the purchase of trucks with shutters and cranes mounted, needed to transport the production sold as well as the investment in patterns for prefabricated performed as per customer requirements.

The value of current assets and the other assets increased by 8.04%, from48.063.825 Ron(31.12.2016) to51.929.531 Ron (30.06.2017), an increase due to the increase of the stock of finished products but also of raw materials and materials.

 Total debt increased by 12.57%, from62.611.936 Ron (31.12.2016) to70.485.360 Ron (30.06.2017), due:mainlyto the increase of the production activity volume in the last two months of the semester,the increase of short-term debts through the extension of the credit line contracted with CEC Bank, from the value of 16.000.000 Ron to 19.000.000 Ron,obtaining more advantageous maturities from suppliers,all these in conjunction with the medium and long-term debt reduction.

 

Indicators (lei)

30.06.2017

31.12.2016

Variation

Fixed assets
226.098.764
222.912.881
+1.43%
Current assets and other assets
51.929.531
48.063.825
+8.04%
Total debts
70.485.360
62.611.936
+12.57%
Equity and other liabilities

Minor interest

207.551.641
-8.706
208.373.215

-8.445

-0.39%

+4.23%

 

Indicators (lei)

 

30.06.2017

 

30.06.2016

 

Variation

Net turnover
33.100.908
31.266.362
+5.87%
Operating income
7.261.351
6.233.343
+16.49%
Expenses from exploitation
39.555.170
36.452.791
+8.51%
Operating result
807.089
1.046.914
-22.91%
Amortization
3.163.256
3.064.437
+3.22%
EBITDA
3.970.345
4.111.351
-3.43%
Financial income
198.665
104.356
+90.37%
Financial expenses
974.109
865.911
+12.50%
Financial result
-775.444
-761.555
+1.82 %
Total income
40.560.924
37.604.061
+7.86%
Total expenses
40.529.279
37.318.702
+8.60%
Gross profit
31.645
285.359
-88.91%
Net income
-5.490
173.862
-103.16%

 To view the entire report which shows the activity of the Group for the period January-June 2017,please consult the company's website, as well as in the link below.

Milut Petre Marian

General Director

 



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