Euroconsultants S.A.

EUROCONSULTANTS SA is a Greece-based company engaged in the provision of business and management services. The Company has eight project categories: Innovation and Technology projects include the establishment and operation of incubators and science parks; Socio-Economic and Regional Development for the provision of consulting services; Information and Communication Technology projects include services such as re-engineering and feasibility studies; projects for the Development of Small and Medium companies; Energy and Environment projects, such as energy management, and renewable resources; Government and Society projects include the provision of technical assistance; Health area projects include project management and business plans, and finally Project and Program Management projects include technical assistance for the management of complex projects. The Company is also involved in projects for the European Union, the World Bank and foreign governments.

Executive
Full List of Officers

Paris Kokorotsikos
Executive Chairman of the Board, Chief Executive Officer
Start date: 2002-6-17

Efstathios Tavridis
Executive Vice Chairman of the Board, Chief Executive Officer
Start date: 2002-6-17

Michail Chavouzis
Chief Financial Officer
Start date: 2012-10-1

Christos Vogiatzis
Chief Accounting Officer

Christos Mpougiouklis
General Manager, Executive Director
Start date: 2013-7-1

Themistoklis Kokorotsikos
Executive Director

Vyron Koupanis
Internal Auditor
Start date: 2013-6-1

Anestis Keremloglou
Non-Executive Director

Georgios Koukouzelis
Non-Executive Independent Director

Dimitrios Maragkos
Non-Executive Independent Director

Date of incorporation 1992-12-29
Country of incorporation GRC
Phone +30 231 0804000
Fax +30 231 0804100
Investor relations contact

+30 2310 804000

Free float 3414073
Security description Common Stock
Main venue Athens Stock Exchange
Ticker at main venue EUROC
Location

21 Antonis Tritsis St., Thermi
570 01 THESSALONIKI

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2017 2016 2015 2014 2013
Income statement
Revenue 4.01 2.61 4.93 6.61 6.76
Total Revenue 4.01 2.61 4.93 6.61 6.76
Revenue Change 53.8% -47.2% -25.3% -2.2% -0.8%
Cost of Revenue, Total 3.65 3.36 3.82 4.60 4.40
Gross Profit 0.36 -0.75 1.12 2.00 2.36
Selling/General/Admin. Expenses, Total 1.02 1.31 1.48 2.25 1.84
EBITDA -0.53 1.16
EBITDA margin (%) -13.2% 17.2%
Unusual Expense (Income) 0.17 0.00
Other Operating Expenses, Total -0.30 0.06 -0.42 -1.02 -0.64
Total Operating Expense 4.54 4.74 4.88 5.83 5.60
Operating Income -0.53 -2.13 0.05 0.78 1.16
Other, Net -0.25 -0.71 -0.16 0.23 -0.15
Net Income Before Taxes -0.94 -3.03 -0.31 0.63 0.60
Provision for Income Taxes 0.13 -0.31 0.49 0.23 0.24
Net Income After Taxes -1.07 -2.73 -0.80 0.41 0.36
Minority Interest 0.01 0.11 -0.08 -0.05 0.02
Net Income Before Extra. Items -1.06 -2.61 -0.88 0.36 0.39
Net Income -1.06 -2.61 -0.88 0.36 0.39
Income Available to Com Excl ExtraOrd -1.06 -2.61 -0.88 0.36 0.39
Income Available to Com Incl ExtraOrd -1.06 -2.61 -0.88 0.36 0.39
Diluted Net Income -1.06 -2.61 -0.88 0.36 0.39
Diluted Weighted Average Shares 9.14 8.60 8.24 8.24 7.47
Diluted EPS Excluding ExtraOrd Items -0.12 -0.30 -0.11 0.04 0.05
DPS - Common Stock Primary Issue 0.00 0.00 0.00 0.00 0.00
Diluted Normalized EPS -0.10 -0.30 -0.11 0.04 0.05
Balance sheet
Cash & Equivalents 0.55 0.37 0.65 0.62 0.68
Cash and Short Term Investments 0.55 0.37 0.65 0.62 0.68
Accounts Receivable - Trade, Net 3.13 3.12 4.27 4.72 5.08
Total Receivables, Net 3.66 3.73 5.07 4.74 5.11
Total Inventory 0.03 0.04 0.04 0.02 0.00
Prepaid Expenses 0.02 0.04
Other Current Assets, Total 0.76 0.68
Total Current Assets 4.23 4.14 5.76 6.16 6.51
Property/Plant/Equipment, Total - Gross 6.21 6.15
Accumulated Depreciation, Total -1.34 -1.20
Property/Plant/Equipment, Total - Net 3.84 4.02 4.52 4.87 4.95
Goodwill, Net 0.56 0.56
Intangibles, Net 0.40 0.58 0.64 0.22 0.33
Long Term Investments 0.25 0.46 1.38 1.37 1.20
Note Receivable - Long Term 0.04 0.02 0.10 0.02 0.03
Other Long Term Assets, Total 0.01 0.02 0.01 0.08 0.21
Total Assets 8.77 9.24 12.41 13.28 13.79
Accounts Payable 1.57 1.44 1.63 0.99 1.50
Accrued Expenses 1.05 1.12
Notes Payable/Short Term Debt 1.13 1.45 1.71 1.85 2.02
Current Port. of LT Debt/Capital Leases 0.98 0.95 0.47 0.72 0.29
Other Current liabilities, Total 1.57 1.69 1.82 1.15 1.70
Total Current Liabilities 5.26 5.54 5.62 5.75 6.64
Long Term Debt 0.83 0.72 0.72 0.94 0.92
Capital Lease Obligations 1.27 1.32 1.60 1.48 1.71
Total Long Term Debt 2.11 2.04 2.32 2.42 2.63
Total Debt 4.21 4.45 4.50 4.99 4.94
Deferred Income Tax 0.13 0.03 0.47 0.09 0.00
Minority Interest 0.49 0.51 0.62 0.53 0.49
Other Liabilities, Total 0.69 0.69 0.69 0.84 0.81
Total Liabilities 8.67 8.81 9.73 9.64 10.57
Common Stock, Total 3.32 5.17 4.78 4.78 4.78
Additional Paid-In Capital 0.71 0.71 0.39 0.39 0.39
Retained Earnings (Accumulated Deficit) -3.93 -5.45 -2.49 -1.49 -1.90
Treasury Stock - Common 0.00
Unrealized Gain (Loss) 0.00 -0.01 0.00 -0.04 -0.04
Total Equity 0.10 0.42 2.68 3.64 3.23
Total Liabilities & Shareholders Equity 8.77 9.24 12.41 13.28 13.79
Total Common Shares Outstanding 11.52 8.93 8.24 8.24 8.24
Tangible Book Value per Share, Common Eq -0.03 -0.02 0.25 0.35 0.28
Cashflow
Net Income/Starting Line -0.94 -3.03 -0.31 0.63 0.60
Depreciation/Depletion 0.17 0.23 0.28 0.26 0.27
Non-Cash Items 0.67 1.28 0.43 0.20 0.41
Changes in Working Capital -0.16 0.66 0.01 -1.05 -1.11
Cash from Operating Activities -0.26 -0.87 0.41 0.04 0.18
Capital Expenditure -0.02 -0.02 -0.06 -0.06 -0.09
Other Investing Cash Flow Items, Total 0.02 -0.01 0.00 -0.08 -0.51
Cash from Investing Activities 0.00 -0.03 -0.06 -0.15 -0.60
Financing Cash Flow Items -0.01 -0.01 0.00 -0.05
Issuance (Retirement) of Stock, Net 0.75 0.73 0.00 1.38
Issuance (Retirement) of Debt, Net -0.30 -0.11 -0.32 0.05 -0.51
Cash from Financing Activities 0.44 0.61 -0.32 0.05 0.82
Net Change in Cash 0.18 -0.28 0.03 -0.06 0.40
Cash Interest Paid 0.20 0.21 0.27 0.32 0.42
Cash Taxes Paid 0.01 0.03 0.01 0.03 0.17
Values are in EUR and expressed in million