Increased sales for the 9 months of 2021 compared to the corresponding period of 2020 were announced by Domiki Kritis, a fact that is due to the improvement of the execution rate of the Group’s projects.
In particular, revenues amounted to 7,449 thousand euros compared to 6,273 thousand euros (increase of 18.8%) in the corresponding period of the previous year.
The operating results (EBITDA) amounted to 1,329 thousand euros in profits, compared to profits of 1,685 thousand euros in the corresponding period of 2020 (decrease of 21.1%).
Earnings before interest and taxes (EBIT) were profitable in the first half of 2021 by 1,205 thousand euros compared to profits of 1,405 thousand (decrease 14.3%) euros in the corresponding period of 2020.
The results before taxes were profitable in the first half of 2021 by 1,378 thousand euros compared to profits of 1,072 thousand euros (increase of 28.6%) in the corresponding period of 2020.
Equity appears increased due to the improvement of the Group’s results during the first half of 2021.
Long-term liabilities appear increased due to the restructuring of the parent company’s bank lending. The total loan liabilities of the Group decreased by 66 thousand euros (compared to 30/09/2020).
The working capital of the Group in the first half of 2021 amounted to 2,854 thousand euros positive compared to 1,421 thousand euros negative on 31/12/2020. This change is due to the restructuring of the parent company ‘s short – term bank lending.
Company results
Sales are increased compared to the corresponding period of 2020. More specifically, revenues amounted to 7,419 thousand euros compared to 6,222 thousand euros (increase of 19.2%).
The operating results (EBITDA) amounted to 1,293 thousand euros in profits, compared to 1,692 thousand euros in profits in the corresponding period of 2020.
Earnings before taxes and interest (EBIT) were profitable in the first half of 2021 by 1,192 thousand euros compared to profits of 1,429 thousand (decrease 16.6%) euros in the corresponding period of 2020.
The results before taxes were profitable in the first half of 2021 by 1,187 thousand euros compared to profits of 351 thousand euros (238% increase) in the corresponding period of 2020.
The improvement of the results is due on the one hand to the increase of the turnover on the other hand to the non-realization of impairment forecasts of investments in the closed year.
Equity appears increased due to the improvement of the Company’s results during the first half of 2021.
The total loan liabilities of the company decreased by approximately 39 thousand euros (compared to 30/09/2020).
The working capital amounted to 2,644 thousand euros positive compared to 1,499 thousand euros negative on 31/12/2020. This change is due to the restructuring of the company’s short-term bank lending.
The Covid-19 pandemic that hit the global and local economies continues to affect this year. The economic environment continues to be unstable due to the constant increases in raw material prices and the significant increase in energy costs, which have a direct impact on the significant costs of the company due to the needs of its productive activity.
Regarding the course of the company’s results in the next period of the current year, the Management estimates, based on the development of its operations so far, that it will continue the positive course.
Nevertheless, the ongoing development of the pandemic globally and locally as well as the ongoing energy crisis are likely to lead to further increases in raw material costs as well as energy costs resulting in a possible reduction in the profitability of the company and the Group.
At this stage it is not possible to issue a safe forecast of cost increase but it is not estimated that they will significantly affect the activities and results of the company.
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Source From: Capital

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