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INNOVA 2008 results: strong profitability and impressive operating cash flows   innova-logo

30 / 06 / 2009

Finance Overview

Consolidated Revenue grew by 21,6% in 2008 to € 20.518.054 vs €16.866.976 in 2007. Earnings before interest, tax, depreciation and amortization (EBITDA) grew by 80,8% in 2008 to €1.189.782 vs €658.137 in 2007. Consolidated profit before tax on 31/12/2008 was €766.375 vs €52.281 on 31/12/2007 and Consolidated net profit after tax and Minorities was €724.309 on 31/12/2008 vs €168.402 on 31/12/2007.

The Company’s revenue grew by 18% in 2008 to €13.641.155 vs €11.585.766 in 2007. Earnings before interest, tax, depreciation and amortization (EBITDA) grew by 115,8% to €1.321.763 vs €612.560 in 2007. The Company’s profit before tax on 31/12/2008 was €990.178 vs €547.800 on 31/12/2007 and net profit after tax on 31/12/2008 was €820.877 vs €516.245 on 31/12/2007.

Finally, the consolidated operating cash flows were positive by €2.208.869 compared to €257.368 negative operating cash flows in 2007.

 
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