Quest Holdings Reports Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2018; Provides Financial Guidance for the Last Three Quarters of Fiscal 2018
May 28, 2018
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Quest Holdings reported consolidated and parent earnings results for the first quarter ended March 31, 2018. For the period, on consolidated basis, sales were 115,862,000 against 96,733,000 a year ago. EBITDA was 10,691,000 against 7,027,000 a year ago. EBT was 6,274,000 against 3,566,000 a year ago. EAT was 4,018,000 against 2,487,000 a year ago. Profit per share was 0.3131 against 0.2100 a year ago. Capital expenditure and new investments was 642 million against 2,192,000 a year ago. Net debt as at March 31, 2018 was 442 million.
For the period, on parent basis, income reached 308,000 compared to 291,000 during the same period last year. LBT were 70,000 compared to EBT was 269,000 a year ago. LAT were 83,000 compared to EAT was 197,000 profit in first quarter of 2017.
For the last three quarter of 2018, the company expects will demonstrate increase of its main financial figures as well as positive operational cash flows most probably at a more moderate pace than first quarter of 2018.
Quest Holdings S.A. is specialized in the distribution of computer and telecommunications products. In addition, the group offers IT, postal and financial services. Net sales are divided across the following activities:
- distribution of computer and telecommunications products (65.3%): PCs, laptops, tablets, printers, telecommunications equipment, smart objects etc. Quest Holdings S.A. also manages the "you.gr" e-commerce platform;
- IT services (16.1%): design and implementation of integrated IT solutions; development of cloud-based applications; systems integration; development of digital communications and e-commerce platforms; development of enterprise application software; consulting services for company digital transformation, etc;
- mail and parcel delivery services (14.3%);
- development of electronic payment solutions (3.4%; business sold in September 2021): in particular, development and management of point-of-sale terminals;
- renewable energy production (0.9%).
Net sales are distributed geographically as follows: Greece (79.3%), rest of Europe (20.4%) and others (0.3%).
Quest Holdings Reports Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2018; Provides Financial Guidance for the Last Three Quarters of Fiscal 2018