Saranti Group: EBITDA at 45.91 million euros in the nine months

The main financial figures of the Sarantis Group moved upwards for the nine months of 2021. In particular, EBITDA increased by 0.85%, to 45.91 million euros from 45.52 million euros, and the EBITDA margin stood at 15.35 % from 15.89% in the first nine months of last year. Meanwhile, EBIT increased by 0.17% reaching 36.27 million euros compared to 36.21 million euros in the first nine months of 2020 and the EBIT margin rose to 12.13% in the first nine months of 2021 from 12.64% in corresponding period of 2020.

It is noted, according to the relevant announcement, that the Group’s sales amounted to 299.09 million euros from 286.47 million euros that had been formed during the nine months of 2020, increased by 4.41%, despite its high comparable base last year.

The company announcement in detail:

During the nine months of 2021, the Group presented positive performance, despite the adverse conditions created by inflationary pressures in the business environment.

During the Nine Months of 2021, the Group’s sales amounted to 299.09 million euros from 286.47 million euros that had been formed during the Nine Months of 2020, increased by 4.41%, despite the high comparable base of the past year.

Sales continue to be supported by all of the Group’s product categories related to Home Care and Personal Care and Hygiene, such as skin care, body & hand cleansing, sunscreen, perfumes and deodorants.

Greece presented sales of 105.77 million euros in the Nine months of 2021 compared to 103.32 million euros in the Nine months of 2020, increased by 2.38% positively affected by the distribution channel.

Foreign Countries increased sales by 5.55% and amounted to 193.32 million euros in the first nine months of 2021 from 183.15 million. Euros in the Nine Months of 2020. Excluding the monetary effect, on a neutral monetary basis, sales of foreign countries increased by 8.08%.

During the first nine months of 2021, the Group’s profitability was greatly affected by the increasing inflationary pressures, as expected in the second half of 2021, mainly due to higher commodity prices and transportation costs, which partially offset the increase in the Group’s sales.

Therefore, in the Nine Months of 2021 Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) increased by 0.85%, to EUR 45.91 million from EUR 45.52 million, and the EBITDA margin stood at 15, 35% from 15.89% in the Nine Months of the previous year.

Earnings before Taxes and Interest (EBIT) increased by 0.17% in the Nine months of 2021 reaching 36.27 million euros compared to 36.21 million euros in the Nine months of 2020 and the EBIT margin rose to 12.13% in the Nine Months of 2021 from 12.64% in the corresponding period of 2020.

Cost inflation, which is expected to remain high, combined with uncertainty about the evolution of the COVID-19 pandemic and its impact on consumption, create a complex and demanding operating environment.

Since the beginning of the pandemic, the Group has managed to show significant growth rates, while maintaining its ability to invest in its strategic plan.

As always, the Group is ready to respond with specific measures throughout its geographical area, in order to protect its profitability.

The robust business model of the Group and the emphasis on its strategic goals will continue to offer profitable growth and value creation.

The Group’s strategy remains unchanged, with emphasis, as always, on growth, either organic or through acquisitions, to further strengthen its activity in its geographical area, to optimize its operating expenses, economies of scale, synergies and operational leverage. (operating leverage).