Increased turnover and profits for Daios in the 9 months

Daios Plastics recorded increased revenues and profits on an annual basis in the first nine months of 2021, according to the data it announced.

A. Group: The turnover of the period 01/01/2021 – 30/09/2021 amounted to 33,302,062.29 euros, of which 18,625,783.79 euros relate to the activity in the third quarter, compared to 18,728,896, 31 euros and 9,839,165.31 euros respectively for the previous year, recording an increase of 77.81% and 89.30% respectively. The increase of the Group’s operations is due to both sectors of activity, those of plastics and tourism. In particular, the increase in turnover of the plastics sector came from both domestic and exports, while at the same time the selling prices of products were higher, incorporating increases in raw material prices and production costs due to the energy crisis. The hotel industry was significantly affected by the pandemic of COVID – 19 in 2020 and suffered negative consequences in the first half of 2021. However, the reopening from the beginning of the third quarter of the hotel in Thessaloniki, after 15 months and The operation of the resort in Agios Nikolaos, Crete, earlier than 2020 by about two months, had a very positive effect on the growth of work in this sector.

The results before taxes, financial and investment results (EBIT) were profitable by 8,783,860.40 euros and 8,975,483.05 euros for the nine months and the third quarter of 2021 respectively, against losses of 128,640.46 euros and profits of 2,442. 038.23 euros in the corresponding periods of the previous year. Earnings before taxes, financial and investment results and total depreciation (EBITDA) amounted to 11,911,199.49 euros in the period 01 / 01-30 / 09/2021 and to 10,122,632.88 euros in the third quarter of 2021 against 2,760. 328.03 euros and 3,495,578.52 euros in the corresponding periods of 2020. The results before taxes (EBT) were profitable by 6,869,255.34 euros for the nine months and 8,290,937.84 euros for the third quarter of 2021, against losses of 2,430,450.58 euros and gains of 1,749,856.40 euros in the corresponding periods of the previous year. As the operating periods of the two hotel units were not common during the period under review, the above key figures of the effective accounts do not show comparative changes, in order to promote the correct information of the investors. The total borrowing of the Group shrank by about 7 million (or approximately 7.8%) compared to the end of 2020, as a result of the positive course of financial results in the third quarter of 2021.

There was also a large improvement in Equity, as they increased by 34% during the year, to 31.2 million euros. Announcement of financial figures for the Nine Months 2021 Page 2 of 3 DAIOS PLASTICS SA 12th km. VERIAS – NAOUSSAS NO. 21048426000 www.daiosplastics.com B. Company: At Company level, after the outbreak of the COVID – 19 pandemic, the production unit continued its normal operation, serving its customers smoothly despite any difficulties. In the nine-month period under review, a significant increase in sales was achieved by 29.13% (15,320,966.64 euros compared to 11,864,616.88 euros in the corresponding period last year) and 30.24% in the third quarter (4,507,935 , 68 euros against 3,461,182.85 euros in the third quarter of 2020).

Based on these data, there is no impact of the pandemic on demand and productive activity in general. On the contrary, the unprecedented energy crisis is creating problems in the plastics industry such as persistent shortages of raw materials (a global phenomenon) and, consequently, significant and continuous increases in their prices and an increase in transport and energy costs. The above is expected to affect the operating costs of the plastics industry in the last quarter of the year, but this impact can not be accurately calculated.

The Management closely monitors the course of the above situation and the data that are formed and takes measures to ensure the continuous and smooth operation of its productive activity. Specifically: – Ensures the adequacy of raw materials in order to fully cover production. – Adjusts its trade policy accordingly so that, as far as possible, part of the increase in raw material prices and electricity prices is passed on to the selling price of the products. As for the hotel unit in Thessaloniki, it did not operate during the first half of 2021, due to the restrictive measures implemented by the Greek State and the business planning that determined its opening on 30/06/2021.

The course of turnover for the third quarter of 2021 has been satisfactory. For the period until the end of the year, the course of work of the hotel will depend on the course of the pandemic in urban areas and the corresponding demand determined by the relevant customer base. The Management of the Group with a high sense of responsibility towards its employees, customers and associates, expands and enriches the health measures to deal with the COVID – 19 pandemic and the safety of employees and visitors. Especially in the hotel industry, the measures taken have proved to be very effective, as so far no problems have been created during the operation of the two hotels.

Based on the data in force at the time of writing, no significant effects are expected in the fourth quarter of this year, compared to the same period last year. In any case, it is noted that the developments regarding both the COVID-19 pandemic and the energy crisis will be valid for a short period within 2021 (one quarter), the impact of which is not expected to significantly affect the work and especially the results of the Group.