Press Release DEPA ANNOUNCES FULL YEAR 2015 FINANCIAL RESULTS Dubai, UAE; 28 April 2016: Depa Limited [Nasdaq Dubai: DEPA; “the Company”/“the Group”], one of the world’s leading interior contracting solutions providers, today reported its financial results for the full year ending 31 December 2015.
FINANCIAL HIGHLIGHTS
AED 1,641 million revenue (FY2014: AED 1,940 million)
7% gross margin (FY2014: 13%)
AED 266 million net loss after NCI (FY2014: net profit after NCI of AED 44 million)
AED 79 million relating to provisions for doubtful debts (FY2014: AED 13 million)
AED 86 million relating to impairment of goodwill (FY2014: AED 5 million)
AED 2,103 million backlog (FY2014: AED 2,083 million)
LIQUIDITY AND CAPITAL RESOURCES
AED 125 million net cash balance (FY2014: AED 138 million)
AED 2,490 million total assets (FY2014: AED 2,981 million)
AED 487 million working capital (FY2014: AED 674 million)
AED 43 million operating cash generated (FY2014: AED 147 million)
OPERATIONAL HIGHLIGHTS
Best performing units in FY2015:
Design Studio Group: AED 435 million revenue; backlog AED 506 million; net profit margin 10%
Vedder: AED 299 million revenue; backlog AED 435 million; net profit margin 6%
Deco Emirates: AED 124 million revenue; backlog AED 41 million; net profit margin 10%
Highest backlog by sector:
Hospitality: 61%; AED 1,289 million
Yacht: 21%; AED 435 million
Residential: 11%; AED 224 million
MENA contracting operations consolidated under the single united Depa Interiors brand
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