The sales of the first quarter of Plastics Thrace amounted to € 106.3 million, while the EBITDA amounted to € 15.5 million, as the listed company informed today.
In particular, the Plastics Thrace Holding Company, regarding the financial results of the first quarter 2022, notes the following:
– The sales of the first quarter of the year amount to € 106.3 million, while in the first quarter of 2021 sales amounted to € 111.4 million.
– Τα Earnings before Taxes, Interest and Depreciation (EBITDA) for the first quarter of 2022 amount to € 15.5 million, while in the first quarter of 2021 amounted to € 35.9 million.
– Τα Earnings before Taxes (EBT) for the first quarter of 2022 amount to € 10.7 million, of which € 6.4 million relate to the traditional product portfolio and € 4.3 million come from sales of personal protection products.
– Profits before taxes of the first quarter from the traditional product portfolio are 27.2% behind, compared to Profits before taxes from the traditional product portfolio of the corresponding period last year. However, given the particular circumstances prevailing both in the first quarter of 2021, due to the outbreak of the pandemic, and the current special circumstances, due to the ongoing war and inflationary pressures, it becomes extremely difficult to directly compare the two regions. .
– Compared to pre-pandemic levels, ie in the first quarter of 2019, Profit before Tax in the first quarter of 2022 has more than doubled, showing an increase of 108.9%, demonstrating significantly increased profitability, despite the extremely negative conditions prevailing in the global market in the first quarter of 2022 and the significant increase in the cost of Raw Materials, energy and transport.
– In terms of liquidity levels and as a result of the implementation of the investment plan, the Group maintained its increased liquidity, recording Net Borrowing of € 12.4 million.
It should be noted that the comparison with the previous year refers to the ongoing activities.
It is noted that the interim Financial Statements of the first quarter of 2022, as well as the relevant Press Release will be published on Monday, May 16, 2022, after the Athens Stock Exchange meeting and will be available on the Company’s website (www.thracegroup.com), as well as on the website of the Athens Stock Exchange (www.athexgroup.gr).
Finally, it is pointed out that the Annual Information of Analysts and Institutional Investors on the financial results of the year 2021 will take place on Wednesday, May 11, 2022 at 17:00 via video conference and in particular through the ZOOM platform. Instructions for participating in the teleconference will be sent by the Association of Institutional Investors to its Members.
Source: Capital
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