Insurance Auto Auctions announces first quarter results
West Chester, Ill. - Insurance Auto Auctions, Inc., a leading provider of rescue vehicles and treatment services in the USA, today announced the registration of the vehicle provides for the first quarter of 2006. These results were enhanced by the purchase of the ILO’s Live auctions combined with Internet can bid.
The company recorded revenues during the quarter of $ 77.7 million compared to $ 70.9 million in first quarter 2005, an increase of 10 per cent in annual comparison. Fee income in the first quarter increased by $ 66.8 million against EUR 61.1 million in the first quarter of last year. ILO reported consolidated EBITDA (earnings before interest, taxes, depreciation and amortization), in conformity with the definition of our credit agreement of $ 14.3 million during the quarter. EBITDA of the group is a non-GAAP, the shares of the company as a principal measure of financial performance because it is an indicator of the relative strength of the operating performance of the company.
“In the first quarter, we experience rapid growth in turnover solid profitability and excellent cash flow because of our ability, for many new customers to our customers the network has the best returns in industry
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