Overview
06
FY2013 witnessed continuation of growth in business as we experienced significant uplift in Revenue with 19% increase from last year.This is on top of 12% growth in Revenue experienced in FY2012, therefore improving the top line from AED 1.74 billion in FY2011 to AED 1.95 billion in FY2012 and further to AED 2.32 billion in FY2013.
This increase in Revenue is the result of a combination of factors including interior fit-out phase of the construction cycle coming into play in the GCC, timely execution of key projects around the globe, acquisition of assets and establishing a new subsidiary in Germany and operational restructuring carried out at Group level resulting in more focus on business development and operational excellence.
FINANCIAL HIGHLIGHTS
Depa Limited Annual Report 2013
The three best performing business units during FY2013 were:
DESIGN STUDIO GROUP
••Backlog amounted
to AED 716 million as of Dec 31 2013 ••Revenue generation of AED 523 million ••Gross Profit margin of 17% and Net Profit margin of 7%
LINDNER MIDDLE EAST (“LINDNER ME”)
DEPA SAUDI ARABIA (“DEPA KSA”)
••Backlog amounted
••Backlog amounted
to AED 91 million as of Dec 31 2013 ••Revenue generation of AED 313 million ••Gross Profit margin of 14% and Net Profit margin of 12%
REVENUE BY ACTIVITY
to AED 379 million as of Dec 31 2013 ••Revenue generation of AED 203 million ••Gross Profit margin of 14% and Net Profit margin of 12%
REVENUE BY GEOGRAPHY
(FY2013)
(FY2013) EUROPE
MANUFACTURING
36%
11%
CONTRACTING
62%
MENA EXCLUDING UAE
31%
ASIA
23%
REST OF THE WORLD PROCUREMENT
2%
UAE
23%
12%
