Further strengthening of the financial figures of the ELGEKA Group was noted in the first nine months of this year compared to the previous year, by maintaining the Turnover at relatively stable levels and improving profitability.
In particular, the main sizes of the Group were as follows:
– Turnover in the nine months amounted to € 137.9 million compared to € 138.4 million in the comparable period (marginal decrease of 0.4%), while for the DG quarter it amounted to € 47.5 million compared to € 46.2 million (increase by 2.8%).
– Earnings before taxes and interest in the nine months amounted to € 4.5 million against € 3.7 million (increase by 21.2%), while for the DG quarter amounted to € 1.0 million against € 0 , 5 million (increase by 84.0%).
– Earnings before taxes, interest and depreciation amounted to € 10.5 million compared to € 9.5 million (increase by 10.8%), while for the DG quarter they amounted to € 3.0 million versus € 2 , 4 million in the comparable period (increase by 23.7%).
– Adjusted Earnings before taxes, interest and depreciation (excluding the effect of IFRS 16) amounted to € 6.9 million in the nine months compared to € 6.3 million (increase by 10.6% ), while for the DG quarter they amounted to € 1.8 million compared to € 1.3 million in the comparable period (increase by 34.0%)
– The completion of the Share Capital Increase in July 2021, in combination with the achievement of the positive results for the period of the nine months 2021, contributed to the further improvement of the capital structure of the Group, with the Equity being formed on 30.09.21 € 9,869 thousand against € 7,083 thousand on 30.06.2021. Regarding the borrowing position of the Group, there has been no significant change in the DG quarter of 2021, as the borrowing of the Group amounted to 30.09.2021 in the amount of € 85.488 thousand compared to € 85.937 thousand on 30.06.2021.
According to the relevant announcement, the new collaborations that have been achieved and are being implemented in the field of Logistics services have contributed to the achievement of the above figures, while the core of the Group’s activities, the trade of food and other consumer goods, maintains its positive effect on the configuration. economic strengths, as the strong product portfolio is resilient to consumer preferences despite the volatile conditions prevailing in retail trade and the ever-increasing competition.
Regarding the pandemic, it is pointed out that “from the first moment, the ELGEKA Group has taken all the necessary measures to protect the health and safety of its employees and associates, while at the same time has ensured the smooth operation of all its services at every level. “.
“The effects of the pandemic, as well as the energy crisis that has emerged in recent months, do not have a significant impact on the financial results of the Group for the nine months of 2021. However, the Management has reservations about the financial consequences that will cause a possible “worsening of either the energy crisis or the pandemic by the end of the year,” the statement concluded.
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Source From: Capital
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