GB Auto Corporate Growth and Expansion Strategy
AUTO
The first 9 Months of 2010 has witnessed strong top-line performance, not only recovering
but surpassing 2008 pre-crisis levels, though margins are recovering more gradually
(EGP million)
FY09
FY08
9M-10 9M-09 9M-08
3Q-10 3Q-09 3Q-08
Revenue
4,258.4 5,192.3
5,111.8 2,940.3 4,301.0
2,045.5 1,225.9 1,677.3
Gross Profit
593.9
873.2
667.5
380.8 751.2
240.4 166.3 305.4
% margin
13.9%
16.8%
13.1% 12.9% 17.5%
11.8% 13.6% 18.2%
Operating Profit
382.8
627.4
442.3
229.2
566.3
150.1
111.7 243.1
% margin
9.0%
12.1%
8.7%
7.8% 13.2%
7.3%
9.1% 14.5%
Net Profit
201.4
415.7
217.8
111.5 410.3
71.4
64.1
175.8
% margin
4.7%
8.0%
4.3%
3.8%
9.5%
3.5%
5.2%
10.5%
EBITDA, 12-month trailing
437.8
678.6
636
343
739.6
Net Debt
755.2 849.6
1,022.6
611.9
596.2
Net Debt/Equity
0.39
0.49
0.49
0.34
0.34
Net Debt/EBITDA
1.72
1.25
1.61
1.78
0.82
25
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