EBITDA of Reditus increases by 34.7% during the 1st quarter of 2014
- Operating Revenues of 31.8 million euros (+ (4.7%)
EBITA of 2.8 million euros (+34.7%)
EBIDTA margin 8.8% (vs. 6.9%)
Net Result of 153.2 thousand euros (vs. 82.9 thousand euros)
International Sales represent 38% of the Revenues
1. Summary of the Activity
The result of the first three months of the year show that the defined strategy continued to be executed effectively and thoroughly, and its worth noting an increasing profitability and expanding international presence.
The international activity recorded an increase during the first quarter of 2014 (1Q14), 33.4% over the same period in 2013, and represented 38% of the Group’s Total Revenue. In the domestic market, sales decreased by 7.3% reflecting the generally adverse economic environment that continued to affect Portugal.
Operating Revenues amounted to 31.8 million euros, an increase of 4.7% versus the same period of the previous year. In the Service Delivery component, the increase was 10.3%, representing 81.7% of Revenues, value to be compared with 77.6% in 1Q13.
The continued focus on operational efficiency and investment in higher value-added services enabled an increase in profitability, with EBITDA of the Group recording an increase of 34.7% over the same period of the previous year, representing an EBITDA margin of 8.8% (vs. 6.9% in 1Q13).