ETEM S.A. LIGHT METALS COMPANY ETEM Group consolidated revenue in the 9-month period ended September 30, 2014 amounted to € 61.2 million compared to € 61.9 million in the respective period of 2013 reduced by 1%. Respectively company revenue amounted to € 16.4 million compared to € 20.3 million reduced by 19%.
It's worth drawing attention to the fact that the result of the mother company, ETEM SA, is burdened with non-recurring expenses of € 10.1 million, while the corresponding amount for the Group is € 8.5 million.
Consolidated loss before tax, financing, investing, depreciation and amortization (EBITDA) was € 8.4 million compared to profit of € 0.1 million in the 9-month period ended September 30, 2013. Consolidated loss after tax and non-controlling interests amounted to € 15.4 million compared to € 7.9 million in the respective last year nine-month period. Consolidated loss per share was € 0.5125 compared to loss € 0.2624 per share in the 9-month period ended September 30, 2013.
Standalone loss before tax, financing, investing, depreciation and amortization (EBITDA) was € 10.5 million compared to loss € 2 million in the first nine-months of 2013. Company's loss after tax for the period ended September 30, 2014 was € 13.1 million (loss per share € 0.4377) compared to loss € 6.5 million (€ 0.2158 loss per share) in the respective period of 2013.
Consolidated operating cash inflow amounted to € 3.8 million compared to € 2.7 million in the first nine-months of 2013, while the company's operating cash outflow was € 4.1 million compared to € 0.5 million. Cash flow from investing activities amounted to outflow of € 6.6 million for the Group and inflow of € 1.3 million for the company compared to outflow € 2.5 million for the Group and € 0.02 million for the company in the respective period of 2013.
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