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Selected: Loss reduction and turnover increase in the first quarter of fiscal year 2021-2022

Improvement of its financial figures during the first quarter of the year 01.07.2021 – 30.06.2022 was shown by the group of Epilektos, according to a relevant announcement of the listed company.

More specifically, the Group’s turnover in the first quarter of the year 01.07.2021 – 30.06.2022 amounted to 5.474 million euros compared to 4.497 million euros in the corresponding quarter of the year 01.07.2020 – 30.06.2021, recording an increase of 21, 74%. For the Company, the turnover amounted to 3,620 million euros for the period 01.07.2021 – 30.09.2022 against 2,428 million euros, showing an increase of 49.12%.

Earnings before interest, taxes, depreciation and amortization (EBITDA) of the Group during the period 01.07.2021 to 30.09.2021 amounted to 996 thousand euros against 1,036 million euros during the period 01.07.2020 to 30.09.2020, recording a decrease of 3.92% . For the Company, respectively, they amounted to losses of 72 thousand euros against losses of 177 thousand euros, showing a decrease in losses of 59.23%.

Earnings before interest and taxes (EBIT) for the Group amounted to 307.93 thousand euros on 30.09.2021 compared to 295.91 thousand euros on 30.09.2020 showing an increase of 4.06%, while for the company were respectively in losses of 319.23 thousand euros against losses of 473.38 thousand euros, showing a decrease of losses by 32.56%.

Earnings before taxes (EBT) for the Group amounted to losses of 238.44 thousand euros against 277.05 thousand euros, showing a decrease of losses by 13.94%, while for the Company amounted to losses of 634.02 thousand euros against 780 , 29 thousand euros, showing a decrease of 18.75%.

The Total borrowing of the Group amounted to 63.947 million euros on 30.09.2021 compared to 65.142 euros on 30.06.2021, showing a decrease of 1.83%, and respectively for the Company amounted to 43.746 million euros on 30.09.2021 against 44.335 million. euro on 30.06.2021 showing a decrease of 1.33%.

The equity of the Group amounted to 938 thousand euros on 30.09.2021 against 1.307 million euros on 30.06.2021, showing a decrease of 28.21%, and for the Company amounted to 21.527 million euros on 30.09.2021 against 22,161 million euros on 30.06.2021 showing a decrease of 2.86%.

The Group is active in the textile and energy sectors, regarding the ongoing spread of the Covid-19 pandemic, the Group has from the first moment adopted strict protocols and health safety procedures. The effects on the energy sector are very limited, given that the production of electricity comes from a photovoltaic park and biogas production, all of which is injected into the network of D.E.D.D.I.E.

In the textile sector, utilizing the quality of the products produced, the fastest delivery times and the organized distribution network, the Group strives and achieves continuously higher selling prices of the products.

Also, following the market developments regarding the pandemic, the management of the group exercises careful management of the stocks to minimize the risk of falling prices.

The Management of the group monitors separately the individual activities of the textile sector in order to immediately restructure the production process and to determine the level of production according to market conditions.

The increase in energy costs directly affects the production costs of products in both the textile and energy sectors. The impact can not be determined as its size will depend on the pricing of the final products.

It will also depend on future developments and the measures that may be taken by the State. The management constantly monitors the developments, evaluates the risks and takes the necessary actions where necessary.

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Source From: Capital

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