Optronics: Loss reduction despite a nine-month drop in turnover

Loss reduction despite the decrease in turnover, as the coronavirus pandemic for the second year continued to affect the development of its activities and the formation of its results during the third quarter, the company Optronics showed in the nine months of 2021.

More specifically, the company’s turnover in the nine months amounted to 987 thousand euros compared to 1.65 million euros in the corresponding period last year.

EBITDA in the nine months amounted to losses of 193 thousand euros compared to losses of 276 thousand euros in the same period of 2020, while pre-tax results amounted to losses of 171 thousand euros compared to losses of 322 thousand euros in the first nine months of last year.

In terms of the quarter, the turnover amounted to 327 thousand euros against 528 thousand euros, with EBITDA amounting to losses of 42 thousand euros against losses of 74 thousand euros and pre-tax results to losses of 34 thousand. euros against losses of 89 thousand euros.

The effects of the pandemic and the energy crisis

The activities of the company continue and the necessary measures have been taken due to COVID-19. Regarding the effects of the energy crisis, these are related to the increase in the price of fuel, which affects the transport costs of goods.

An overall risk management plan has also been designed to ensure its smooth operation.

The company continues to negotiate new projects, participate in tenders and plan for next year, setting new goals. By the end of the year, it is expected that small projects that have already been launched have already been executed and invoiced.

According to the data in force at the moment, the management of the company informs its investing public that COVID-19 will not leave the current year intact and possibly the first quarter of 2022.