Technical Olympics: Improved 9-month and third-quarter results

The turnover of Technical Olympic in the 9 months amounted to 4,867 million euros, from 285 thousand euros during the corresponding period last year, while in the third quarter they increased to 2,345 million euros from 75 thousand euros.

Nine-month EBITDA stood at 258 thousand euros from losses of 1.372 million euros and 677 thousand euros in the third quarter from losses of 1.422 million euros in the corresponding period last year.

The results before taxes are formed in losses of 2.486 million euros in the nine months from 3.807 million euros and in losses of 345 thousand euros in the third quarter from losses of 2.204 million euros in the corresponding period last year.

According to an announcement by Technical Olympic, there were no significant changes in the loan position and / or capital structure of the Group during the third quarter of 2021. Within the last quarter, the Group has not received any new loans.

As Technical Olympic states: “The Management of the Group implements, in relation to the evolving pandemic of COVID-19, a series of actions, which have been implemented in all areas of operation, such as: health and safety, personnel management, After the sale of the tourism activity, the Group ‘s activities are currently limited and therefore the effects of the energy crisis and the pandemic are not significant.

The Group focuses its interest on the expansion of its activities inside and outside Greece in the participation in the wider shipping sector, in tourism, in “green” energy and in Real Estate – Investment and / or Development. The Group aims to utilize the know-how it has in combination with its current significant liquidity, seeking to find and exploit investment and development opportunities in the aforementioned sectors “.