Dromeas Aveea Reports Parent and Group Earnings Results for the Nine Months of 2013
November 26, 2013
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DROMEAS AVEEA reported parent and group earnings results for the nine months Of 2013. The turnover of the parent company showed an increase of 2,792,000 or 43.85% compared to the corresponding period of last year, since it closed from €6.37 million in 2012, to €9.12 million in 2013. The revenues EBIDTA of the company in the nine month period in 2013 reached the amount of €2,875,000 against €1,257,000 in 2012 recording an increase of 128.72%. The pre-tax results were positive for the parent company, amounting to €644,000 compared to losses of €658,000 of the last year period.
The turnover of the Group showed an increase of 3,046,000 or 47.72% compared to the corresponding period of last year, since it closed from €6.38 million in 2012, to €9.43 million in 2013. Group EBIDTA amounted to €3,288,000 compared to €1,194,000 in 2012, recording an increase of 175.37%.
The pre-tax results of the Group were profits of €947,000 compared to losses of €831,000 for the corresponding use of last year.
Dromeas Office Furniture Industry SA is a Greece-based company mainly engaged in the manufacture and trade of home and office furniture, partition walls and filing systems. The Companyâs home furniture offering includes sofas, wardrobes, ready-made kitchens, beds, bookcases and chairs with adjustable mechanisms. Its office furniture offering includes offices and chairs, furniture for waiting areas, auditorium seating systems, bookcases, as well as partition walls. It also has its own integrated tool making shop that produces various tools and high-pressure aluminum die casting parts. The Companyâs customers include companies in the public and private sector such as banks and insurance companies, academic institutions and airports. The Companyâs sales network consists of 32 stores located throughout the main cities of Greece and the Balkans, and exports its products to countries including the United Kingdom, Germany, Egypt, Cyprus, Russia, Saudi Arabia, and Australia.
DROMEAS SA 
