Intrakat’s consolidated turnover amounted to 214.8 million euros in the year 2021 compared to 174.5 million euros in the previous year, recording an increase of 23.1%.
According to a relevant announcement, the Group’s gross profit, influenced by the unprecedented increase in the prices of basic raw materials and energy and despite the significant increase in turnover, amounted to 15.6 million euros from 17.7 million. euros, showing a decrease of 11.8%.
The pre-tax results of the Group amounted to losses of 23.2 million euros compared to losses of 12.9 million euros in the previous year, while the net results after taxes amounted to losses of 22.6 million euros compared to losses of 12.4 million. euros in the previous year. The consolidated EBITDA for the year 2021 amounted to losses of 5.5 million euros from profits of 1.6 million euros in 2020 and the adjusted EBITDA, which does not include the effect of extraordinary and non-recurring results, amounted to losses of 2.8 million. euros from profits of 2 million euros in 2020.
The turnover of the company during the year 2021 recorded a significant increase of 31.9% and amounted to the level of 209.5 million euros against 158.8 million euros. The pre-tax results of the company amounted to losses of 17.2 million euros compared to losses of 7.1 million euros in 2020, while the results after taxes amounted to losses of 16.7 million euros versus losses of 6.6 million euros. The company’s EBITDA during the year 2021 amounted to losses of 4.8 million euros against profits of 3.1 million euros in the previous year while adjusted EBITDAs amounted to losses of 2.6 million euros against profits of 3.6 million euros .
The backlog of signed contracts of the Intrakat Group recorded a record high and almost doubled compared to the previous year, thus giving a very positive outlook regarding the future development of operations. In particular, the outstanding balance on 31.12.2021 amounted to 556 million euros plus 577 million euros new projects to be signed that the company has bid so far and their contracting procedures are expected to be completed, with the result that the projects to be executed exceed 1 , 1 billion euros.
The managing director, Petros Souretis, stated on the occasion of the publication of the financial results for the year 2021:
“2021 was a year of great difficulties. The pandemic, inflationary pressures due to price increases in energy and raw materials and disruptions in the supply chain contributed to a climate of uncertainty. The Ukrainian crisis that erupted in early 2022 further strengthened the In this difficult environment, Intrakat in 2021 succeeded in strengthening its activity and managing the multiple challenges in the best possible way, designed its new strategy, which it immediately implemented, with the shift to energy from RES and the increase of its share capital amounting to 51 million euros at the beginning of 2022. We are optimistic that the new strategy of our Company in combination with the high know-how of our people and the experience held by the Company, are the necessary tools so that we can overcome any adversity and enter competitively into a new era of growth in the near future “.
Source: Capital
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