November 30, 2007 Athens, November 30th 2007. M.J.MAILLIS GROUP announces its Consolidated Financial Results for the 9 months to 30 September 2007:
Consolidated Turnover of EUR275.7 mln versus EUR285.1 mln in the 9 months to 30 September 2006.
Consolidated Earnings before Interest, Taxes and Depreciation (EBITDA) of EUR18.7 mln versus EUR33.9 mln in the relevant period of 2006.
The impact on Q3 EBITDA is due to the reduction in sales in certain product lines and the exchange rate impact of dollar denominated regions. The impact of the latter on the results of this quarter was approximately EUR1 mln.
The reduction in sales volumes is linked to difficult conditions in certain traditional markets for Group products in North America, due to the current condition in the US economy, as well as the weakness of the US$. This coincided with a temporary slow down in machine sales.
October preliminary assessment indicates already an upward trend in Group sales. Gradually North American sales are being replaced by sales in other markets, supported by the new capacity investments which are now operational. In addition, the machine order book is especially strong to support planned growth.
For more information, please contact our Group's Investor Relations Department tel. +302106285000 or e-mail investor.relations@maillis.gr
