Annual results 2012
PRESS RELEASE – Regulated information, Wetteren, Belgium, 07 March 2013
2012 ANNUAL RESULTS
Spector Photo Group:
smartphoto™ Group:
- (R)EBITDA increased by 7% to EUR 4.4 million thanks to strong last quarter;
- Switching to products with higher added value is being continued;
- Wholesale operation holding up well despite the difficult economic situation.
Discontinued Operations (Retail Group)
- Closing of the WCO procedure;
- Opening of the bankruptcy of Photo Hall Multimedia NV;
- Recognised under the ‘discontinued operations’ in accordance with IFRS 5.
Group:
- (R)EBITDA rose from EUR 3.79 million to EUR 4.16 million
- Net financial debt fell from EUR 32.13 million to EUR 1.4 million.