ANEK: Increased EBITDA and turnover in the nine months

The turnover of the ANEK Group increased by 18% in the nine months of 2021 and amounted to euro 114.2 million while the Group EBITDA amounted to euro 12.4 million compared to euro 7.7 million in the nine months of 2020 , as announced today by the listed company.

In particular, the Shipping Company of Crete SA (ANEK) following a letter from the Hellenic Capital Market Commission with protocol number 2596 / 09.11.2021, which was notified to all issuers with securities listed for trading on the regulated market of the Athens Stock Exchange, informs the investing public about the basic financial figures and results. in the nine months and the third quarter of the fiscal year 2021, as well as the developments in its activity and any known important information so far:

In the nine months of 2021, after the gradual recovery of economic activity and the improvement of the economic climate, the ANEK Group presented an increase in traffic in all categories of transport project and improvement of its operational results. Especially in the third quarter of 2021 where, due to seasonality, the highest sales are recorded, a significant part of the turnover lost in the corresponding period last year was recovered.

However, the sharp rise in international oil prices in the first nine months of 2021, which led to a 35% increase in fuel costs compared to the first nine months of 2020, absorbed much of the benefit from increased traffic and revenue.

It is noted that the recovery of results occurred after the unprecedented loss of transport project and revenue during the previous year due to the COVID-19 coronavirus pandemic.

The significant increase in transport traffic resulted in an increase of 18% turnover of the Group, which in the nine months of 2021 amounted to euro 114.2 million against euro 97.0 million in the corresponding period of 2020, while in the third quarter of 2021 amounted to euro 56.0 million against euro 41.6 million marking an increase of 35%.

Also, the Earnings before taxes, financial, investment results and total depreciation (EBITDA) of the Group in the nine months of 2021 amounted to € 12.4 million compared to € 7.7 million in the first nine months of 2020, while in the third quarter of 2021 amounted to € 13.1 million against € 10, 0 million in the corresponding comparable period.

Finally, the results before taxes, financial and investment results (EBIT) of the Group in the first nine months of 2021 amounted to profits of € 4.2 million compared to losses of € 0.7 million in the first nine months of 2020, while in the third quarter of 2021 amounted to profits of € 10.3 million against euros € 7.2 million in the corresponding comparable period.

The increasing trend of traffic in all categories of transport project of the Group continues in the months of October and November. However, fuel prices are still very high, putting excessive operating costs.

There were no significant changes in the borrowing position, the capital structure and the other figures of the Group’s financial position during the third quarter of 2021.