- 24 September 2021
- Posted by: eyath-news
- Category: All News
High performances and gradual return to “normal” business sizes, record the results of the first 6-month period of 2021 of EYATH SA.
In particular, according to the data of the consolidated financial statements of the group for the period 01/01/2021 to 30/06/2021, the turnover amounted to 34.9 million euros compared to 34.5 million in the corresponding period last year, noting increase 1.28%. The cost of sales reached the amount of 23 million euros from 21.4 million euros, an increase of 7.71% mainly due to the increased maintenance and repairs provided by the new contract for the current operation and the operational – energy upgrade of the Thessaloniki Wastewater Treatment Plant (EELTH), in Sindos.
The group’s pre-tax profits amounted to 8.5 million euros from 7.4 million euros, recording an increase of 14.63%. Profit after tax amounted to 5.9 million from 4.8 million euros, an increase of 22.71%. The gross profit for the year amounted to 11.84 million compared to 13 million in the previous period, recording a decrease of 9.27%. Also, the profits before taxes, interest and depreciation(EBITDA) of the Group of EYATH SA. amounted to 11 million euros in the current period compared to 10.2 million, an increase of 7.98%. Cash and cash equivalents on June 30, 2021 reached 95.7 million euros compared to 81.9 million on December 31, 2020, recording an increase of 16.83%.
“On the first 6 months of 2021 and in an environment that was for the most part a “lockdown”, we managed to come back, with increased turnover and profits and great capital adequacy. The increased cost of sales is mainly due to the ‘green’ projects in EELTH (budget 41 million euros), which will upgrade it operationally and from aspects of energy, with a long-term goal of course to reduce its operating costs “, pointed out the CEO of EYATH, Anthimos Amanatidis. “We are accelerating our digital transformation for optimal customer support, we are increasing our revenue, we are managing our operating costs effectively. At the same time, we are strengthening our extroversion with new synergies and we are implementing sustainable governance practices in all our areas of operation “, concluded Mr. Amanatidis, commenting on the financial results.