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S.M.E.s show signs of improvement |
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S.M.E.s show signs of improvement
According to a press release by Hellastat, published financial data paint an optimistic picture for S.M.E.s. More specifically, companies with sales up to € 1mil. posted n increase in sales following the stagnation of 2003-2004. Turnover increased on average by 3% against an unchanged 2003 and a 2% drop in 2004, and net profit before tax increased by an impressive 10%.
Moreover, basic financial ratios have also improved with the average operating margin (EBITDA MARGIN) increasing to 9.1% from 8.7% in 2005, and return on invested capital rising to 1.6% from 1.1%. Liquidity remained virtually unchanged at 1 and inventory turnover also remained unchanged at 74 days. Accounts payable turnover remained stable (167 days against 170 days) whereas accounts receivable turnover showed a slight deterioration to 149 days from 141.
Complete article at www.hellastat.com
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