Saturday, December 10, 2011

Service Point Solutions issues Q3 2011 Results Report

First, here’s a link to the Spanish-language-version of the report, which I found on Service Point’s web-site (, in the Financial Results section of the Spanish version of the web-site. If you read Spanish, this is all you’ll need to review Service Point’s Q3 2011 results.

Second, note that SP did not issue an English-language-version of the Q3 2011 report. But, I did make an attempt to create an English-language version, using Google Translate. Keep in mind that Google Translate does not do a perfect job, but I think the translated version will suffice for most of you.

Third, here’s first page of the Q3 2011 report; this is the Google-Translation of the narrative on that page:

(please note that the term “BDI” means “Net Income”)

Service Point's sales amounted to EUR 162.5 million at September 2011, 5% higher than the same period in 2010.

The consequence of this increase and control operating costs, EBITDA has moved up to 10.7 million euros, up 38% over the first nine months of 2010.

A level EBIT reached 3.1 million euros, compared to losses of 0.7 million euros a year earlier, representing an increase of 3.8 million euros.

The BDI showed an improvement of 1.7 million euros compared to 2010, reducing losses of 6.3 billion euros to 4.7 billion euros.

Holmbergs acquisition in Sweden was completed May 1, integrated into the consolidated since that time. Has been established at the beginning the year, total sales would have amounted to Service Point 166.8 million euros and EBITDA of 11.1 million euros in the first nine months.

Despite an extremely weak economic environment since July, the third quarter has had a favorable behavior for Service Point. The data show that the operating income growth has accelerated during the third quarter; improved sales by 6.7%, EBITDA increased to EUR 1.7 million, and the EBIT increased to EUR 1.9 million over the same period last year.

The company expects a positive trend during the fourth quarter in line with its annual progress report and highlighted in relative terms against the same period in 2010, due to a high level of ongoing projects, the smooth running of the business of photo-albums featuring prominent positive seasonality and continuous control operating expenses to achieve annual sales of 220 to 223 million euros.

Fourth, here’s the Google-Translation English-language version of the Q3 2011 report. Again, keep in mind that the translation may be a bit screwy (and may be inaccurate!). You can't click on this Internet-address to bring up the translated version; I think you need to copy this Internet-address into your browser window in order to bring up the translated version. If that doesn't work, you can always go to Google Translate and create your own English-language-version of the report.


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