An improvement of more than 20% was recorded in the financial results of the Ilyda Informatics Group in the nine months of the current year, as announced by the listed company.
The turnover of the Group for the third quarter of the year 2021 amounted to 1,248 thousand euros against 961 thousand euros, presenting a percentage increase of 30% compared to the figures of 30.09.2020. On a cumulative basis (01.01-30.09) the turnover amounted to 3,265 thousand euros against 2,688 thousand euros, showing a percentage increase of 21%.
Earnings before taxes, financial and investment results (EBIT) for the third quarter of the year 2021 amounted to profits of 201 thousand euros, compared to profits of 115 thousand euros, improved by 75% compared to the third quarter of the year 2020. On a cumulative basis (01.01-30.09) profits before taxes, financial and investment results (EBIT) amounted to profits of 584 thousand euros, compared to profits of 358 thousand euros, increased by 63%.
Earnings before taxes, financial, investment results and depreciation (EBITDA) for the third quarter of the year 2021 amounted to profits of 537 thousand euros against profits of 392 thousand euros, showing an increase of 37% compared to the corresponding period of the previous year . On a cumulative basis (01.01-30.09) the profits before taxes, financial and investment results (EBITDA) amounted to 1,479 Euros, against profits of 1,172 thousand Euros, showing an increase of 26%.
During the third quarter of 2021 there were no significant changes in the size of the company’s financial position. The upward trends presented by the figures are mainly due to the continuous increase of sales during the nine months of 2021.
The changes in the above mentioned fundamental financial figures of the Group are primarily due to the significant increase in the company’s turnover. Based on the data in force at the time of writing and to the extent that it can be predicted, given that the new strong wave of the pandemic is in full swing, with unforeseen evolution, the Company Management, based on the current data, estimates that until the end of the current year, there is no substantial uncertainty regarding the continuation of the Group’s activity, as the Financial Management of the Company considers given the significant increase in turnover for the current year.
In any case, the Company with a high sense of responsibility towards its employees, customers, suppliers, partners and investors closely monitors all developments related to the unprecedented health crisis, continues to implement its health and safety plan in accordance with the guidelines and recommendations of the World Health Organization (WHO), the National Agency for Public Health (EODY) and the General Secretariat for Civil Protection
In addition, it systematically studies all possible risk factors, which may affect the financial position, activities and results of the Company and has taken all appropriate measures to ensure smooth operation. Given that at present the negative epidemiological data advocate the retention for a longer period of time than originally envisaged of the restrictive measures taken again at national and international level and due to the intense degree of uncertainty as to the time required for the normalization of both the Greek and the international economy, the Management of the Company is cautious regarding the future effects of the pandemic on its prospects.
Source From: Capital
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