Biocarpet: 119% increase in EBITDA and 54% in group sales in the nine months

The financial results of Biocarpet in the nine months of the current year recorded a significant improvement, both at the group level and at the parent company level.

In particular, the turnover at the consolidated level in the nine months of 2021 amounted to 139.14 million euros compared to 90.36 million euros in the corresponding period of 2020, recording an increase of 53.99% compared to the same period of 2020. The turnover Consolidated level of operations in the DG quarter of 2021 amounted to 49.08 million euros compared to 32.14 million euros in the corresponding DG quarter of 2020, recording an increase of 52.70%.

The turnover in the nine months of the company Biocarpet increased by 20.01% and amounted to 3.92 million euros in 2021 compared to 3.27 million euros in the corresponding period of 2020. The turnover in the third quarter of 2021 of the parent company increased by 25.61% and amounted to 2.20 million euros in 2021 compared to 1.76 million euros in the corresponding period of DG quarter 2020.

The spread of the Covid-19 pandemic in 2021 did not significantly affect the Group’s turnover, while the effects of the increase in energy and transport costs are expected to affect the Group’s pricing policy accordingly. However, the increase in aluminum prices had a positive effect on the Group’s results and the DG quarter of the year 2021. We also report that Biocarpet is expected to increase its turnover in November-December.

The consolidated results before interest, taxes, depreciation and amortization (EBITDA) for 9 months amounted to profits of 10.56 million euros compared to 4.83 million euros in profits in the corresponding period of 2020, recording an increase of 118.82%. Earnings before interest, taxes, depreciation and amortization (EBITDA) 9 months of the company increased by 2939.92% and amounted to 0.47 million euros against losses (0.02) million euros in the corresponding period of 2020. The consolidated results before interest, of taxes and depreciation (EBITDA) of DG 2021 amounted to profits of 4.37 million euros compared to 3.28 million euros of profits in the corresponding period of 2020, showing an increase of 33.26%. The results before interest and taxes, depreciation and amortization (EBITDA) of DG 2021 of the company increased by 510.63% and amounted to profits of 0.26 million euros compared to 0.04 million euros of profits in the corresponding period of 2020.

The Group presents after the consolidation profits before taxes 4.30 million euros in the nine months of 2021 against losses (0.96) million euros in the corresponding period of 2020. The Group presents after the consolidation profits before taxes 2.40 million euros DG quarter 2021 against profits of 1.63 million euros in the corresponding period of 2020. The company’s pre-tax losses in the nine months of 2021 decreased by 39.43% and amounted to (0.75) million euros against (1, 24) million euros in the corresponding period of 2020. The pre-tax losses of the Company in the DG quarter 2021 decreased by 72.42% and amounted to (0.07) million euros compared to (0.27) million euros in the corresponding period of DG quarter 2020.

Profits before taxes and interest of the Group in the nine months of 2021 amounted to 6.82 million euros compared to profits of 1.42 million euros in the corresponding period of 2020, which implies an increase in profits by 381.59%. The change comes mainly from the increase in sales of the subsidiary EXALCO SA. The Group’s profits before taxes and interest in the DG quarter 2021 amounted to 3.24 million euros compared to profits of 2.43 million euros in the corresponding period in the DG quarter 2020, which implies an increase in profits by 33.42%.

The net losses before taxes and interest of the Company during the nine months of 2021 amounted to (0.28) million euros compared to (0.76) million euros of the nine months of 2020, a loss reduction of 62.75%. The net profit before taxes and interest of the Company during the DG quarter 2021 amounted to 0.08 million euros against losses (0.14) million euros in the DG quarter of 2020, recording a decrease in losses by 156.10%.

The total long-term borrowing of the Group in the nine months of 2021 amounts to 71.68 million euros compared to 67.78 million euros in the twelve months of 2020, while the short-term borrowings of the Group in the nine months of 2021 amount to 16.92 million euros compared to 18.21 million euros for the twelve months of 2020. The total long-term borrowing of the company in the nine months of 2021 amounts to 12.45 million euros compared to 11.01 million euros for the twelve months of 2020, while the short-term borrowings of the company in the nine months of 2021 amount to 2.97 million euros compared to 2.62 million euros in the twelve months of 2020.

The Group ‘s cash and cash equivalents in the first nine months of 2021 amount to 9.83 million euros compared to 3.19 million euros in the twelve months of 2020, while the company’ s cash and cash equivalents in the nine months of 2021 amount to 0.85 million euros against 0, EUR 43 million for the twelve months of 2020.

Perspectives

The Management of the Group responded to the spread of the coronavirus pandemic in 2021 and faced all the challenges that the pandemic brought to the life of the whole world, while from the first moment it prioritized the health and safety of human resources, thus ensuring its continuous operation. production process and will continue to do so, as long as it is needed, guided first and foremost by man and society as a whole.

The Biocarpet Group expects to proceed with tariff increases, to compensate for the increase in energy and transport costs.

The Management of the Group will closely monitor the developments in the issue of the energy crisis and is ready to respond and adapt to any price fluctuations that affect the energy and transportation costs and the entire operation of the Group companies.