Doppler: EBITDA reduced by 15% for the group in the nine months

Doppler announced that both at Group and Company level, sales decreased slightly by about 5% in the first nine months of 2021, while EBITDA was reduced by 15% for the Group and 17% for the company. In the third quarter, sales decreased by 13% compared to the previous year.

Meanwhile, according to the relevant announcement, the company’s forecast for the next period and based on the data of the orders so far is positive in keeping its turnover at the same levels as the previous year, despite the pressures due to the pandemic and of the negative economic climate.

The company announcement in detail:

The Company with the name “DOPPLER SOCIETE ANONYME INDUSTRIAL COMMERCIAL COMPANY” and distinctive title “DOPPLER SA”, following the letter with AP 4458 / 12.11.2021 of the Athens Stock Exchange for the valid and timely information from the the spread of COVID-19, informs the investing public regarding the formation of the fundamental financial figures during the third quarter of the fiscal year 2021 and the developments in its activity. Particularly:

As shown by the above basic financial figures for the nine months, both at Group and Company level, a slight decrease in sales was recorded by about 5%, while EBITDA was reduced by 15% for the Group and 17% for the company. . In the third quarter, sales decreased by 13% compared to the previous year.

As shown in the table above, the company’s borrowing decreased by 5% in the third quarter and this decrease was greater for short-term borrowing which was 30%.

The total of circulating data did not show a significant change (decrease of about 0.21%).

Liabilities to suppliers, as well as other liabilities, increased by about 4%.

The above liabilities do not include the refundable deposit received by the company which was on 30.6.2021 and 30.9.2021 € 763,850.00.

With the onset of the pandemic, the company was largely prepared to adapt to the new conditions with a view to the smooth and safe continuation of operations. It also implements to the maximum extent, teleworking utilizing the capabilities of its software. So far, the smooth running of the company with the implementation of the above measures leads to a good basis of normal work that ends the spread of the pandemic.

The company has used the state’s beneficial measures to strengthen businesses and maintain employee jobs and will continue to do so.

To deal with the effects of the energy crisis, the company is already in the process of implementing energy netting (net metering), which aims to cover the consumption of the annual necessary electricity required for its operation.

In addition, the company has provided for the year 2021 to make a significant increase in the supply and stocks of raw materials compared to the previous year, in order to ensure:

– The adequacy of the necessary raw materials for the continuation of the smooth operation and the strengthening of its capacity for the timely response to the executed orders of its customers, preventing the extension of the delivery time of the suppliers (China).

– Better supply prices of raw materials, which follow a continuous upward trend. Their purchase cost includes the charge from the launch of their transport costs.

– The above actions will allow the company to implement a relatively rational sales policy in view of the unfavorable economic climate.

The company’s forecast for the next period and based on the data of orders so far is positive in maintaining its turnover at the same levels as in the previous year, despite the pressures due to the pandemic and the negative economic climate.

The Management of the Company monitors on a daily basis the evolution of revenues and aims to ensure the necessary liquidity, to raise and maintain sufficient working capital, in order to be able to fulfill its current and future obligations on time.