Technopolis Plc Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended of June 30, 2018; Provides Earnings Guidance for the Year 2018
For the six months, the company reported property income of EUR 73.4 million compared to EUR 77.3 million a year ago. Total net sales were EUR 87.2 million compared to EUR 90.1 million a year ago. EBITDA was EUR 46.5 million compared to EUR 49.1 million a year ago. Operating profit was EUR 64.3 million compared to EUR 56.7 million a year ago. Result before taxes was EUR 54.4 million compared to EUR 44.7 million a year ago. Net result was EUR 44.9 million compared to EUR 38.5 million a year ago. Net results distribution to the parent company shareholders was EUR 41.1 million or EUR 0.26 per basic and diluted share compared to EUR 34.9 million or EUR 0.21 per basic and diluted share a year ago. Net cash provided by operating activities was EUR 19.1 million compared to EUR 29.7 million a year ago. Investments in tangible and intangible assets were EUR 2.2 million compared to EUR 1.3 million a year ago. EPRA earnings were EUR 27.4 million or EUR 0.17 per basic and diluted share compared to EUR 30.1 million or EUR 0.19 per basic and diluted share a year ago. ROE was 9.1% against 9.5% a year ago.
The company estimates that the Group net sales in 2018 will be at the same level as it was in 2017. The company expects the Group EBITDA to remain at the same level as in 2017, or slightly below.