During the year 2021, ELTON SA showed a significant improvement in its financial figures, both at the level of the parent company and the Group.
In particular, the consolidated turnover of ELTON SA in the year 2021 amounted to 151.5 million euros compared to 124.1 million euros in 2020, recording an increase of 22.12%. The turnover of the parent company amounted to 93.21 million euros from 77.98 million euros in 2020, recording an increase of 19.53%.
Despite the continuing negative economic situation in 2021, which is mainly due to the effect of the restrictive measures of COVID-19, the gross profit margin improved significantly, showing an increase in both the company by 17.04% and the ELTON Group by 18 , 18% (the corresponding percentages in 2020 were 16.00% in the Company and 16.52% in the Group).
Consolidated earnings before taxes on financial and investment results and depreciation (EBITDA) in the year 2021 amounted to 12.68 million euros from 7.22 million euros in the previous year, an increase of 75.61%. The profit of the parent company before taxes on financial and investment results and depreciation (EBITDA) rose in the year 2021 to 7.21 million euros from 5.04 million euros in 2020, recording an increase of 43.10%.
The net profit before tax (EBT) of the parent company in the year 2021 amounted to 6.10 million euros from 3.60 million euros in 2020, recording an increase of 69.46%. The Group’s net profit before taxes (EBT) in the year 2021 amounted to 10.60 million euros, showing an increase of 123.77% compared to 4.74 million euros in 2020.
Net profit (NIAT) after parent company taxes in the year 2021 amounted to 4.75 million euros from 2.72 million euros in 2020, an increase of 74.54%. The Group’s net profit after tax (NIAT) in the year 2021 amounted to 8.41 million euros from 3.59 million euros in the previous year, recording an increase of 134.60%.
The maturity of the Group and the Company showed an increase of 5,035,934 euros and 2,115,214 euros respectively, ie a percentage change of 23.01% and an increase of 17.36% respectively, recording an increase in inventory levels relative to turnover. in the Group and a small reduction in the parent.
The cash of the Group and the Company showed a decrease of 4,101,598 euros and 4,050,393 euros respectively, ie a decrease of 60.42% and 73.32% respectively.
The borrowing of the Group and the Company in the closing year 2021 showed a decrease of 2,640,391 euros and 2,015,322 euros, ie a percentage of 13.04% and 14.88% respectively. Therefore, the net borrowing for the Group amounted to 14,916,382 euros while for the Company to 10,056,774 euros in the year 2021 from 13,455,176 euros and 8,021,703 euros for the Group and the Company respectively in 2020.
Source: Capital
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