MEVACO announced its financial results for the corporate year 2021, with the turnover and EBITDA of the company recording an impressive increase.
In particular, according to the relevant announcement of the company, the turnover of the company amounted to 25,597.40 thousand euros against 8,893.12 thousand euros of the previous year, showing an impressive increase of 187.83%, mainly due to the increase of demand for the construction of metal bases for Photovoltaic Parks and in particular for the successful implementation of the contract with the company “YUVI HELLAS RENEWABLE ENERGY SOLE SHAREHOLDER SA” for the construction of metal bases for the largest Photovoltaic
The gross profit of the company amounted to 5,525.30 thousand euros, showing a particularly significant increase of 364.99% compared to the previous year, which is due to the achievement of a very satisfactory turnover, as well as the more rational management of production costs.
The results before taxes, financial investment results and depreciation (EBITDA) of the company amounted to profits of 3,423.62 thousand euros, compared to profits of 382.07 thousand euros in the previous year, showing a significant increase of 796.06%.
The results before taxes of the company amounted to profits of 2,431.77 thousand euros against losses of 565.30 thousand euros in the previous year, also showing an impressive improvement of 530.17%. Finally, the results after taxes amounted to profits of 1,937.56 thousand euros compared to losses of 541.09 thousand euros in the previous year, recording a particularly significant increase of 458.08%.
During the closing year 2021, the company, through the utilization of its valuable experience, its productive potentials and its important know-how, proceeded to the undertaking and successful implementation of projects of special importance, significant complexity, high quality requirements and technical characteristics. Its cooperation with international companies of recognized prestige confirms the diverse productive capacity of the Company, the perfection of its production facilities and the flexibility and adaptability of its business model to the needs of the market.
For 2022, the company will continue to invest in innovation and quality and strengthen its partnerships (domestic and international), in order to maintain a satisfactory growth rate similar to that of the last year and to chart an equally strong course. In any case, the Company’s strategy will continue to focus on the implementation of a moderately aggressive policy, taking into account recent geopolitical developments and supply chain upheavals, the cost of raw materials and energy.
Source: Capital
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