IDEAL Holdings announced a significant increase in its results for 2021.
In particular, the company informs about the Proforma Consolidated Results of 2021:
• 43% increase in Revenue to € 67.53 million, compared to € 47.19 million in 2020
• 62% increase in Earnings before interest, taxes, depreciation and amortization (EBITDA) to € 10.76 million, compared to € 6.66 million in 2020
• 85% increase in Profits after Taxes to € 7.15 million compared to € 3.86 million in 2020
• Proposed return on investment of € 0.07 per share versus zero return in 2020
• Cash € 16.62 million with Loans € 15.18 and a negative leverage ratio, which allows greater utilization of cash
“The transformation of IDEAL Holdings and the creation of the new business scheme began to bear fruit, as a result of which the turnover was significantly strengthened and the net profits were almost doubled,” says Mr. Panos Vassiliadis, CEO of IDEAL Holdingsand adds: “We are closely following the developments and despite the challenges we remain optimistic about the course of all the activities of IDEAL Holdings. Our strategic plan is evolving smoothly and we estimate that our growth will continue this year as well.”
THE Chairman of the Board of IDEAL Holdings Mr. Lambros Papakonstantinouhe said: “We are completely satisfied with the decisions we took in 2021 for the creation of IDEAL Holdings. The results of all companies were better from 2020 but also from 2019.
We have laid the foundations for the further development of the business community (Conglomerate) and we want to proceed with the expansion of our activities.
The acquisition of Coleus Packaging is in this direction, strengthens the investment in Astir Vitogiannis and significantly improves not only its size but also the overall size of IDEAL Holdings.
“2022 is a demanding year with events happening internationally, but we believe we are prepared to tackle it and boost our financial performance.”
The Proforma Financial Statements present the performance of the companies as if the share capital increase with the in-kind contribution of the shares of the companies SICC Limited (Astir Vitogiannis) and ESM Limited (Three Cents) had taken place at the beginning of the year, ie on 01.01.2021 and not on 17.06.2021
Proforma Financial Statements are not audited financial statements, they are prepared for information and comparability purposes and are shown in note 21.3 of the Audited Financial Statements of 2021, which will be published on March 31, 2022.
Prospects for 2022
2022 started with positive prospects for the Greek Economy, which has been recovering from the low levels of recent years and expects inflows from the European Recovery Fund.
The war in Ukraine, combined with rising inflation, energy costs, continuing disruption in the supply chain and rising transport costs will remain the dominant issues, affecting the course of the economy.
IDEAL Holdings estimates that it has created the appropriate defenses to further strengthen its financial figures in 2022, in accordance with the set goals.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
