The Viohalco group announced strong growth and improvement of all economic figures for 2021.
In particular, as mentioned in a relevant announcement, the consolidated turnover amounted to 5.375 billion euros, increased by 40% compared to 3.850 billion euros in 2020.
Consolidated EBITDA amounted to 514 million euros, an increase of 80% compared to 2020.
The consolidated adjusted EBITDA (α-EBITDA) amounted to 426 million euros, recording an increase of 45% (2020: 294 million euros).
Consolidated earnings before income tax amounted to 276 million euros, compared to 59 million euros in 2020.
The management of the group points out that the continuous investments for the optimization of the production capacity in combination with the prudent cost management enhanced the efficiency and supported the improved profitability. At the same time, the continuous commitment to the development of products and solutions of the circular economy that meet the demand due to the dynamically developing tendencies of sustainable development is pointed out.
Commenting on the results, Hippocrates CEO Ioannis Stasinopoulos said: “I am pleased to communicate the strong performance of Viohalco and its companies in 2021. Our consolidated turnover amounted to 5,375 million euros, recording a 40% increase compared to 2020 , while the consolidated adjusted EBITDA amounted to 426 million euros, an increase of 45% over last year.These results demonstrate not only the effectiveness and dynamics of our diversified business model, but also our ability to meet the ever-increasing demand that During the year, we developed a comprehensive plan and roadmap for environmental, social and governance performance across Viohalco’s companies, setting specific indicators for measuring progress. future, we will remain firmly pro committed to the implementation of our strategy and we will continue to seek to further strengthen our position in new and existing markets, building on the performance we have achieved in 2021 “.
Dividend
According to the announcement, on March 17, 2022, the Board of Directors of Viohalco decided to propose to the Ordinary General Meeting of Shareholders to be held on May 31, 2022, the approval of a gross dividend distribution of 0.10 euros per share. Taking into account the gross dividend of 0.01 euros per share paid in June 2021, after the approval of the Ordinary General Meeting, the dividend payable will amount to 0.09 euros per share. The cut-off date for the dividend for the year 2021 was set on Friday, June 3, 2022, while the date for determining the beneficiaries of the dividend for the year 2021 (Record Date) was set for Monday, June 6, 2022.
Perspectives
Finally, regarding the prospects, the same announcement states the following:
“In 2022, eurozone inflation, rising energy prices and geopolitical tensions are expected to affect markets throughout the year. However, as the pandemic subsides, wider market conditions are expected to be more favorable with recovery. in various markets, including the automotive, industrial and construction sectors, and the encouraging upward demand for products and services in all Viohalco industries is evident.
Although it is too early to assess the full impact of the unrest in Eastern Europe on Viohalco and its companies, the overall exposure in Ukraine and Russia is minimal and therefore no immediate material impact is expected. Viohalco and its companies have taken steps to reduce any possible disturbances, while closely monitoring the situation. Should the crisis continue, exacerbating issues such as inflation and rising energy prices, Viohalco will re-evaluate and modify its approach accordingly.
Viohalco’s companies are in a very good position to take advantage of the sustainable growth trends that increase the demand for products of the circular economy. These products, which are easily recyclable by nature, are produced with a high recycled content and have a low carbon footprint during their production, constitute a significant percentage of Viohalco products and are expected to be in great demand in 2022 and in the future.
Viohalco will continue to adopt a dynamic approach to the implementation of its strategy, which is already yielding tangible results. Its companies plan to make further investments in optimizing production capacity and will maintain their strong commitment to innovation to expand the products and services they offer, enhancing their competitive advantage. Viohalco companies are constantly seeking to enter new markets and consolidate their position in existing markets, maintaining a customer-centric approach to product promotion and development. In addition, they will continue to prioritize their employees, preserving their health and well-being and investing in their development and training, while attracting new talent. Finally, Viohalco companies maintain their strong commitment to sustainable development, as they continue to support the energy transition and follow global trends. ”
* See the full announcement with the financial results in the right column “Related Archives”
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
