Attiki Editions: 583% jump in the group’s EBITDA in the nine months

The turnover of Attikes Ekdoseis SA decreased. at consolidated and corporate level in the period 1/1 – 30/9/2021 compared to the corresponding period last year, while the EBITDA of the period showed a significant increase of 1,643 million euros for the Group and by 152 thousand euros for the company, ie + 583% and + 31% respectively, as announced today by the listed company.

In particular, ATTICA EDITIONS SA, 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 investor financial figures for the third quarter of fiscal year 2021 and cumulatively for the whole 9 months, the corresponding comparative figures of last year, as well as any important information, in particular on the effects of the energy crisis and the spread of the COVID δη 19 pandemic fundamental economic figures, prospects and financial situation.

In particular, the basic financial figures of the Group and the Company for the third quarter of the year 2021 as well as the corresponding comparative figures of the last period were as follows:

The Turnover in the period 1/1 – 30/9/2021 showed a decrease compared to the corresponding period of the previous year, by 1.8 million euros for the Company and by 1.2 million euros for the Group, ie 24% and 8.8% respectively.

More specifically, the sales of printed magazines and other inserts in these goods continued their downward trend as in the whole 9 months they were reduced by 636 thousand euros or -17% for the Company and by 833 thousand euros or -15% for the Group , mainly due to the suspension of magazine titles within the previous year and reduced sales of dvd’s TV series together with the Group’s TV magazines.

Revenues from services, royalties and inventories decreased for the Company and the Group by 1.4 million euros, ie -55% for the Company and -53% for the Group as agreements for the sale of television programs, support services and the sale of paper were completed. to third parties.

On the contrary, the advertising revenues that were affected by the Covid-19 pandemic, compared to the corresponding period of the year 2020 when the pandemic started, showed an increase in the whole 9 months by 243 thousand euros, ie + 18% for the Company and by 1,024 thousand euros, ie + 18% for the Group. The recovery of the Group’s advertising revenues was more intense during the third quarter of the year as they increased by 26% compared to the corresponding period of 2020 and by 20% compared to the corresponding pre-covid period of 2019.

The increase in advertising revenue concerned all of the Group’s media (print, radio, websites) with the most significant increase in advertising revenue of websites by 46%, which confirms the correctness of the Group’s strategy to strengthen its presence in electronic media.

The Group and the Company utilized Government support measures to deal with the covid pandemic 19 such as repayable advances, subsidies, reduction of rents, suspension of employment contracts and inclusion in the “PLUS work” program of some staff. The total subsidies for the period 1 / 1-30 / 9/2021 amounted to 891 thousand euros for the Group and to 307 thousand euros for the Company against 236 thousand euros and 224 thousand euros respectively, in the comparable period of of the previous year.

Following the above, Earnings before taxes, financial investment results and depreciation (EBITDA) for the period 1/1 – 30/9/2021 showed a significant increase compared to the corresponding period of the previous year, by 1,643 million euros for the Group and by 152 thousand euros for the Company, ie + 583% and + 31% respectively, while the result before taxes of the period 1/1 – 30/9/2021 returned to profitability as it increased by 1,863 thousand euros for the Group and by 998 thousand euros for the Company compared to the loss-making corresponding period of the previous year, noting that the result before taxes of the Company for the period 1/1 – 30/9/2020 included a reduction of the cost of participation in a subsidiary amounting to 780 thousand . euro.

There was no significant impact of the energy crisis on the results of the period 1 / 1-30 / 9/2021.

The Management of the Company and the Group closely monitors the developments in the prices of the newsprint which are now moving upwards due to the energy crisis, takes all the necessary measures to ensure the adequacy of the quantities required to fully cover the production process of the publications it issues. and elaborates measures to offset the increase in paper costs in a way that minimizes the impact on the financial results and operating performance of the Group. It also closely monitors developments around COVID ‐ 19, continuously evaluates its impact on the Group’s performance and has taken all necessary measures to ensure adequate liquidity in order not to affect the principle of continuing operation.

The total borrowing of the Company on 30/9/2021 amounted to 10,561,000 euros compared to 10,820,000 euros on 31/12/2020, ie reduced by 259,000 euros, while the Company’s cash amounted to 1,995,000 euros against 2,216. 000 euros on 31/12/2020, ie reduced by 221,000 euros.

Respectively, the total borrowing of the Group on 30/9/2021 amounted to 14,915,000 euros against 15,438,000 euros on 31/12/2020, ie reduced by 523,000 euros, while the Group’s cash amounted to 5,050,000 euros against 4,911 .000 euros on 31/12/2020, ie increased by 139,000 euros.

Apart from the above, there were no significant changes in the capital structure as well as in the other figures of the statement of financial position during the third quarter of the year 2021.