Vogiatzoglou Systems announced positive results for the first nine months of 2021 on Tuesday.
In particular, for the nine months of 2021 compared to the corresponding period of 2020:
– The Turnover amounted to 19,988 thousand Euros against 17,375 thousand Euros, showing an increase of 15.04%.
– Earnings before Taxes, Financial, Investment Results and Depreciation (EBITDA) amounted to 2,279 thousand Euros against 1,198 thousand Euros, showing an increase of 90.21%.
– Earnings before taxes, Financial and Investment Results (EBIT) amounted to 1,667 thousand Euros against 607 thousand Euros, showing an increase of 174.57%.
– Earnings before taxes (EBT) amounted to 1,486 thousand Euros against 379 thousand Euros, showing an increase of 291.92%.
Meanwhile, in the third quarter of 2021, compared to the third quarter of 2020, the consolidated financial figures were as follows:
– The Turnover amounted to 5,875 thousand Euros against 6,988 thousand Euros, showing a decrease of 15.93%.
Earnings before Taxes, Financial, Investment Results and Depreciation (EBITDA) amounted to 762 thousand Euros against 566 thousand Euros, showing an increase of 34.49%.
– Earnings before taxes, Financial and Investment Results (EBIT) amounted to 554 thousand Euros against 366 thousand Euros, showing an increase of 51.38%.
Earnings before taxes (EBT) amounted to 491 thousand Euros against 278 thousand Euros, showing an increase of 76.85%.
Regarding the ongoing spread of the Covid-19 pandemic, as mentioned in the relevant announcement, the Group has from the very beginning adopted strict health safety protocols and procedures, in accordance with the applicable regulatory framework and the relevant guidelines and thanks to the faithful observance and implementation of these procedures has ensured the smooth operation of all its commercial and productive units and their individual departments and addresses.
The increases in energy prices, it is logical that they affect to some extent the operating costs of the Group, the announcement states and adds: “However, given that any increase in energy costs does not significantly affect the activity of the Group, the main effects due to the crisis in relation to the Group relate to the negative consequences in the transport and supply sectors (shortages in basic categories of raw materials, increases in the prices of raw materials, increases in transport costs), for the treatment of which its commercial policy is adjusted accordingly. Group.
In any case, however, the magnitude of the impact of the energy crisis, as a result of the above parameters, can not be determined with certainty at a given time.
Based on the data in force at the time of writing and to the extent that it can be predicted (as the data are still variable), the Management of the Group estimates that there is no substantial uncertainty as to the end of the current year. of the activity, sales and supply chain of the Group as the economic activity and the financial situation of the Group have not been affected “.
Finally, the changes in the loan position, the capital structure and the other basic figures of the financial position of the Group and the Company, as formed during the third quarter of the year 2021, are shown below:
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Source From: Capital
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