Euroadvisers: EBITDA increased by 100% in the nine months

The group of Eurosymboloi showed in the third quarter of 2021, sales amounting to 1.22 million euros, compared to sales of 1.10 million euros in the corresponding period last year, while in a total of one month the sales amount to 3.21 million euros for in 2021, compared to 3.65 million euros in the corresponding period of 2020.

Meanwhile, EBITDA, for the period of the third quarter of 2021, amounted to 0.26 million euros, compared to 0.3 million euros in the corresponding period last year, while for the nine-month period EBITDA of 2021 amounted to 0.90 million euros, compared to 0.45 million euros. of 2020, increased by 100%.

At the same time, earnings before interest and taxes (EBIT) in the period of the third quarter of 2021, amounted to 0.2 million euros compared to 0.38 million euros in 2020, while at the nine-month level earnings before interest and taxes (EBIT) amounted to 0.84 million euros, compared to 0.41 million euros in 2020, increased by 104.88%.

Profit before taxes for the third quarter of 2021 amounted to 0.17 million euros compared to 0.30 million euros in 2020, while at the nine-month level pre-tax profits amounted to 0.74 million euros , compared to 0.33 million euros in 2020, increased by 124.24%.

Net borrowing on 30/9/2021 amounted to 3.7 million euros, compared to 3.78 million euros in the corresponding period last year, following a steady downward trend in the last two years.

The group took the necessary measures to reduce the potential threat from COVID-19, setting as a priority the safety of employees and the uninterrupted operation of the company.

At the same time, the company is very close to new contracts for project assignments, mainly in Greece.

Also, the parent company has launched a share capital increase, according to the decision of 12/7/2021 of the First Repeat Ordinary General Meeting in execution of which the share capital will increase by € 1,112,511 with the payment of cash and the issuance of 3,708 .370 new common registered shares, with a nominal value of thirty cents of euro (0.30 €) each, with a pre-emptive right in favor of the old shareholders, at a sale price for which the Board of Directors of the company was authorized to decide until 11.7.2022.

For the implementation of the above share capital increase, a draft prospectus has already been submitted for review and approval to the Hellenic Capital Market Commission.