A jump in operating profitability, EBITDA and sales volume managed to record during the year 2021, the Company and the Alumil Group compared to 2020, as announced today by the listed company.
Specifically:
GROUP
The turnover of the Group recorded an increase of 30.7% and amounted to
€ 315.2 million compared to € 241.1 million compared to 2020.
Gross profit amounted to € 89.3 million compared to € 60.2 million in the corresponding period last year, increased by 48.3%.
Adjusted Earnings before interest and taxes (Adjusted EBITDA) amounted to € 53.3 million compared to € 29.6 million compared
by 2020, increased by 80.1%.
In 2021, the Group showed pre-tax profits of € 28.1 million compared to profits of € 11.0 million in the corresponding period last year, improved by 154.9%.
Respectively, the results after taxes show a profit of € 20.3 million compared to profits of € 9.3 million in the corresponding period last year, improved by 119.1%.
Operating profit before interest, taxes, depreciation and amortization (EBITDA) amounted to € 45.2 million compared to € 25.0 million compared to 2020, increased by 80.9%.
COMPANY
The turnover of the Company recorded an increase of 29.7% and amounted to € 200.7 million compared to € 154.7 million compared to 2020.
Gross profit amounted to € 42.1 million compared to € 23.4 million in the corresponding period last year, increased by 79.6%.
Adjusted Earnings before interest and taxes (Adjusted EBITDA) amounted to € 29.2 million compared to € 12.7 million compared
by 2020, increased by 130%.
In 2021, pre-tax profits amounted to € 16.3 million compared to € 5.3 million in the corresponding period last year, improved by 206.7%.
Respectively, the results after taxes show profits, amounting to € 11.3 million compared to € 5.1 million in the corresponding period last year, improved by 120.4%.
Operating profit before interest, taxes, depreciation and amortization (EBITDA) amounted to € 21.5 million compared to € 10.0 million compared to 2020, increased by 113.8%.
Commenting on the Financial Results, the President and CEO, George Mylonas, said: “2021 was a milestone year for ALUMYL. The historically high levels of turnover, EBITDA and profitability, proved the ability of ALUMYL to withstand, design, passion and a lot of work, this success confirms the quality of the business model that we faithfully follow.
Having set ambitious environmental goals, we focused on recycled “green” aluminum. We are particularly proud of the fact that ALUMINUM today has one of the largest, most efficient and most modern aluminum casting plants in Europe, with an annual production capacity of 65,000 tons of second-hand recycled green aluminum.
At the same time, in 2021, ALUMIL was rewarded for the adoption of Sustainable Development policies, as it was selected as one of the first listed companies to be included in the ESG index of the Athens Stock Exchange.
In the first quarter of 2022, the results of the Group and the Company are equally impressive, showing an even greater increase in sales and profitability, compared to the corresponding quarter of 2021. However, our optimism is bent by the prevailing liquidity, as the pandemic, “The energy crisis and geopolitical developments in Ukraine are constantly changing, making any quantitative estimates of the 2022 financial results particularly difficult.”
The Financial Statements based on IFRS, as well as the Data and Information for the year 2021 will be posted on the website of the Company (http://www.alumil.com/) and the Athens Stock Exchange (http://www.helex.gr /), from Monday 11.04.2022.
Source: Capital
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