Stable pricing policy until 2023, despite the high energy costs that now concern 1/4 of its operating expenses, decided the management of EYATH SA, as announced today during the annual online briefing of analysts, on the financial results of the company in 2021.
“We decided to absorb and balance the high energy costs in the medium term, without burdening our consumers, whom we respect in practice until 2023″, pointed out the CEO of EYATH SA Anthimos Amanatidis and added: ” development, with energy balance and social solidarity projects “.
“No company can be unaffected by the developments in the energy sector, but it can reduce their impact with method and preventive measures”, underlined the president of EYATH SA, Professor Agis Papadopoulos and announced that the latest For three years, the company designs and implements energy saving projects, reduction of CO2 emissions, as well as own production projects in its energy-intensive production infrastructure.
Record of receipts in 2021 for EYATH SA – Increase of 11.46% in its cash and cash equivalents
According to the consolidated financial statements for the financial year 2021 presented today, the turnover of EYATH SA in 2021 amounted to 73.6 million euros, compared to 71.9 million euros in 2020 (+2.4), with the cost of sales amounting to 50.5 million euros last year, from 44.3 million euros the year before (+ 14.13%). The company’s revenues in 2021 marked a positive change of 12.3% compared to 2020, an increase that concerns a record of the last 15 years, as stressed.
The group’s pre-tax profits fell to 15.8 million euros in 2021, from 16.7 million euros in 2020 (-5.81%), after-tax profits amounted to 11.3 million euros, compared to 11 , 9 million euros (-4.59%) and the small profit amounted to 23.1 million euros, from 27.6 million euros (-16.46%). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 20.97 million euros, from 22.6 million euros in 2020 (-7.24%).
The cash and cash equivalents of the group, as of December 31, 2021, amounted to 91.3 million euros, from 81.9 million euros on the corresponding date of 2020 (+ 11.46%), a fact that -according to the management of EYATH SA- reflects the large receivables of the previous year.
“In 2021, despite the adversity, our operational performance was excellent, our receivables were the highest in recent years and our cash flow increased significantly, thanks to our business planning and the valuable contribution of our employees,” he said. company consultant.
Referring to EYATH’s investment projects for contracting, he said that these include the installation of “smart” water meters, the implementation of a new integrated system of customer service and pricing and the creation of new water storage tanks. He added that among the projects to be contracted is the start of expansion works of the Thessaloniki Water Treatment Plant, the completion of which will significantly contribute to the improvement of the company’s water supply performance in emergencies, while leading to an increase of up to 30% turnover of EYATH SA, with expansion to new areas.
Source: Capital

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