Despite the macroeconomic challenges faced in Greece, LDK Group has managed to overcome the economic hardships and to provide significant growth prospects for its stakeholders.
The timely execution of LDK’s strategic initiative, with the international diversification at its core, resulted in an average annual five-year growth rate in revenue of 8.7%, while the simultaneous enforcement of a cost optimization plan ensured that the majority of the subsequent savings were available to further fund the Group’s expansion plans.
To reinforce the positive outlook, LDK achieved throughout the past five years an average Return on Equity of 10% which significantly outperformed the growth rate in any major market that our Group operated. Moreover, in the aforementioned time frame, our Group achieved an average EBITDA of € 822k accompanied by average operating cash flows of € 600k. Those figures highlight not only the strong cash generating capabilities of our Group, but also its ability to self-finance and implement with confidence its future growth strategy.
Concerning our oversees activities and consistent with our Group’s strategic initiatives, LDK fosters its position in the EMEA area and further builds on its presence in the highly promising sub-saharan region, by achieving a 4x increase in its revenue from its established subsidiary in Kenya.
The Group’s overall backlog of signed contracts at the end of FY 2015 stood at approx. € 23 mil., representing a significant increase of 18% versus the previous fiscal period. The bulk from that amount, approx. 80%, is related to our Group’s international operations.
The successful deployment of our strategy has always been the cornerstone of our efforts. The above described facts highlight the Group’s ability to successfully implement its plans. Adhering to our commitment to a sustainable growth model, along with our strong work ethic, we look into the future with greater confidence.