Biocarpet showed a significant improvement in its financial figures during the fiscal year 2021, both at the level of a group and a parent company.
In particular, the net sales of the group during the fiscal year 2021 amounted to € 187.29 million compared to € 123.24 million in the corresponding fiscal year 2020, an increase of 51.98%.
The group’s exports during the year 2021 amounted to € 98.23 million compared to € 68.80 million in the corresponding year of 2020. Increase by 42.78%. Exports account for 52.45% of total turnover.
Domestic sales in the year 2021 amounted to € 89.06 million compared to € 54.45 million in 2020. Increase by 63.56%.
Consolidated earnings before taxes, financial and investment results and depreciation (EBITDA) in the year 2021 amounted to € 14.84 million, compared to € 9.63 million in the corresponding year 2020. Increase by 54.10%.
The group presents pre-tax profits for the year 2021 € 5.02 million compared to € 0.74 million for the year 2020. Increase by 578.38%. Consolidated profit after taxes in the fiscal year 2021 amounted to € 4.26 million, compared to profits of € 0.22 million in the corresponding fiscal year 2020.
The consolidated net profits corresponding to the shareholders of the company, after the deduction of the minority rights and after the deduction of taxes, amounted in the fiscal year 2021 to 4.14 million € against profits of 0.12 million € corresponding to 2020.
Regarding the parent company, net sales during the year 2021 amounted to € 9.03 million compared to € 6.25 million in the corresponding year 2020. Increase by 44.48%.
Profits of the parent company before taxes, financial and investment results and depreciation (EBIDTA), during the year 2021 amounted to € 2.37 million compared to profits of € 1.23 million in the corresponding year of 2020. Increase by 92.68% .
The profit of the parent company before taxes for the year 2021 amounted to 0.57 million € against losses (0.66) million € in the year 2020.
Profit after taxes of the parent company amounted to € 0.58 million during the fiscal year 2021, compared to losses (0.78) million € in the corresponding fiscal year 2020.
2021 for the Biocarpet Group was a year of strong financial performance. With a significant increase in turnover by 51.98% and a thematic increase in profitability before taxes by 578.38% compared to 2020. Throughout the year there was a large and stable demand for products, especially in the metallurgical sector and in combination with investments. carried out by the Group such as the new modern electrostatic aluminum paint shop with a capacity of 11,000 tons per year and the wood imitation paint shop with a capacity of 2000 tons of high value-added products with low production costs, the GROUP successfully met market demands results.
Investments for the expansion and modernization of the production process are a primary goal of the Group’s management. A new storage area of 6000m2 of aluminum products has already been constructed and a new aluminum extrusion line with a capacity of 11000 tons per year has already been ordered, which is expected to be installed by October 2022.
The Group’s investments in green energy also continue. Within 2021, 10MW PV was constructed by the parent BIOCARPET SA and is expected to be connected to the network soon. A 100 MW substation has also been constructed. Thus, the GROUP currently owns 19 MW PV stations. The goals of the Group’s management are to build another 10 MW on behalf of EXALCO SA and 5MW for BIOCARPET SA based on the production licenses it holds. EXALCO also holds a license for 50MW PV that is expected to be utilized depending on the circumstances.
The new investments will significantly contribute to the financial results of the Group.
The prospects for 2022
In terms of the outlook for 2022, we observe that in the first quarter we have a significant increase in turnover and spectacular economic results, compared to the first quarter of 2021. However, the situation prevailing today in the world with the energy crisis and geopolitical developments in Ukraine and the course of the pandemic make us particularly wary of any predictions about the future course of the 2022 financial results.
The Board proposes not to give a dividend for the fiscal year 2021.
Source: Capital
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