Geen categorie @en 

2013 Annual results

Maggy Van den Stock

Regulated information – Wetteren, Belgium, 6 March 2014
2013 ANNUAL RESULTS

smartphoto group

  • Group:
    • Net financial debt dropped further from EUR 1.4 million to EUR 1.2 million.
    • Revenues decreased to EUR 52 million (minus 5.4%).
    • REBITDA fell from EUR 4.2 million to EUR 1.1 million.
    • Solvency was maintained at 52%.
  • E-commerce:
    •  Strong last quarter limited fall in revenues to minus 5.3% (was minus 8.9% after 3rd quarter).
    • REBITDA fell to EUR 1.5 million as a result of start-up costs for new initiatives and increased marketing expenses for customer acquisition.
  • Wholesale:
    • Revenues decreased by 6.7% in a difficult economic environment.
    • REBITDA nevertheless amounted to a positive EUR 0.04 million.

Click here to see the full version of this press release.