Significant increase of consolidated sales by 23.2%, to € 436.9 million from € 354.6 million, with the percentage of increase to 18.2% minus the impact of subsidized sales of digital care presented by Plaisio announcing the financial results for the year 2021.
In addition, according to the results, the Framework shows:
Impressive increase of Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) to € 19.9 million from € 13.3 million (+ 49.6%), of profits before taxes to € 11.1m. from € 3.6 million (+ 206%) and profit after taxes to € 8.5 million from € 3.1 million (+ 171.4%).
– Strong cash liquidity at € 62.1 million and net liquidity, excluding bank lending, at € 46.8 million, despite a return on investment of € 4 million.
– Equity at € 101 million, which exceeds the market value of the Company.
– Spectacular improvement of the return on equity (before taxes) in double digits (11%).
– Double the proposed dividend of € 0.10 per share.
Commenting on the results, the President of the Framework, Mr. George Gerardos, stated the following: “The Group’s turnover for 2021 amounted to € 437 million, at the highest level in its history. At the level of organic profitability, EBITDA approached € 20 million, up 50%, as operating expenses grew at a much slower rate than sales. last year, with the result that our pre-tax profitability increased dramatically and more than doubled in absolute terms. , confirmed our positive course and that allow us to continue our ambitious development program which envisages investments of € 10 million for 2022 “.
On his part, the CEO, Mr. Konstantinos Gerardos He added: “The closure of 2021 leaves behind a two-year pandemic and during this period of health and economic storm, the Framework achieves a growth of 38% compared to 2019. This positive course is due to two main reasons: First, in the strategic provision of building advanced logistics and ecommerce infrastructure in a timely manner, many years before Covid’s health crisis struck, but even more important was the collective effort of the Plaisio team throughout the Covid crisis. Partners from all positions were ready to work in any structure of the Framework where there was a need and they were perfectly coordinated, in conditions where this was very difficult, so it was decided for 2021, as a reward for this exceptional effort, the payment of a bonus of € 1 million for our colleagues.
Our successful course must have a positive impact on society. After the gold medal at the International Robotics Olympiad won by the Plaisiobots student team, we wanted to inspire other students to get involved in technology creation. So we created a Panhellenic robotics competition and through it, the three winning teams won the grand prize and we secured them an educational trip to the leading American university MIT “.
Source: Capital
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