Fourlis Q4/FY17 results: Improving quarter on solid underlying perfomance

The following table summarize results vs estimates:

FOURLIS 2016 2017 Y-o-Y 2017 Act. vs 2016 2017 Y-o-Y 2017 Act. vs
EUR m. FY FY (%) 12M Est. Est. Q4 Q4 (%) Q4 Est. Est.
Sales 428.1 434.1 1.4%  439.1 -1.1%  116.4 120.4 3.5%  125.4 -4.0% 
EBITDA 38.4 41.8 8.7%  41.5 0.8%  11.9 15.3 28.1%  15.0 2.2% 
EBITDA Mrg 9.0%  9.6%  +65 bps  9.4%  2.0% 10.3%  12.7%  +245 bps  11.9%  6.4%
Net Income 6.0 10.0 66.4%  11.01 -9.2%  4.7 5.7 21.0%  6.7 -15.1% 
Net Mrg 1.4%  2.3%  +90 bps  2.5%  -8.2% 4.0%  4.7%  +69 bps  5.4%  -11.6%

Manos Chatzidakis