IDEAL Holdings (the "Company") announces its Proforma Key Financial Figures for the first half of 2022
Proforma CONSOLIDATED FINANCIAL STATEMENTS
|
Amounts in th. € |
Α΄ Half 2022 |
Α΄ Half 2021 |
Δ % |
|
Turnover |
66.350 |
46.351 |
43% |
|
EBITDA |
10.173 |
7.881 |
29% |
|
Earnings before Tax |
8.269 |
6.640 |
25% |
|
Net Profit |
6.312 |
5.160 |
22% |
IDEAL Holdings notes that the Pro Forma Financial Statements present the performance of the companies in which it participates, are not audited financial statements, are prepared for information and comparability purposes and are reflected in the Proforma Interim Financial Information Period 1/1 - 6/30/2022 on page 22 of the Audited Financial Statements of A’ Half 2022.
IDEAL Holdings' investments Basic Financial Figures Investments in Industry
|
Amounts in th. € |
Α΄ Half 2022 |
Α΄ Half 2021 |
Δ % |
|
Turnover |
45.072 |
27.828 |
62% |
|
EBITDA |
9.670 |
6.140 |
57% |
|
Earnings before Tax |
8.504 |
5.217 |
63% |
|
Net Profit |
6.628 |
4.069 |
63% |
|
Amounts in th. € |
Α΄ Half 2022 |
Α΄ Half 2021 |
Δ % |
|
Turnover |
17.954 |
12.727 |
41% |
|
EBITDA |
1.774 |
1.490 |
19% |
|
Earnings before Tax |
1.104 |
1.203 |
-8% |
|
Net Profit |
891 |
870 |
2% |
The decrease in Earnings before Tax is due to (a) an increase in depreciation and amortization due to an adjustment of the depreciation rate of some fixed assets and (b) increased financial expenses due to borrowing to cover working capital needs due to increased sales and loan costs for the acquisition of a company (Netbull).
As of 26 September 2022, IDEAL holds 96.2% of the total paid-up share capital and voting rights of the company BYTE COMPUTER S.A. ("BYTE") and according to the terms of the Voluntary Tender Offer submitted on 1 July 2022, IDEAL will take the appropriate actions for the delisting of the shares of BYTE from the Athens Exchange. As the above acquisition of the stake was completed after 30 June 2022, the results of BYTE are not included in IDEAL's First Half Financial Statements, but for the sake of comprehensive information they are listed below.
Consolidated Financial Statements of BYTE COMPUTER S.A
|
Amounts in th. € |
Α΄ Half 2022 |
Α΄ Half 2021 |
Δ % |
|
Turnover |
23.414 |
18.887 |
24% |
|
EBITDA |
2.898 |
2.422 |
20% |
|
Earnings before Tax |
2.145 |
1.756 |
22% |
|
Net Profit |
1.617 |
1.164 |
39% |
|
Cash |
7.121 |
5.989 |
19% |
|
Loans |
5.318 |
5.809 |
-8% |
Evolution of disinvestment
The transaction of the transfer of ESM Effervescent (Three Cents) to CC Beverages Holdings II B. V. is expected to be completed in October 2022.
Prospects for 2022
The of the war in Ukraine together with the rising inflation and energy costs, will remain for the next period and will affect the course of the global economy. IDEAL Holdings estimates that [the Company] has put in place the appropriate measures to counter the above negative impacts and expects that full year 2022 growth will remain at A’ Half levels.
Specifically, IDEAL estimates that within 2022: (a) investments in the industry will generate revenues of over €78 million and EBITDA of over € 14 million, (b) IT investments will generate revenues of over € 75 million and EBITDA of more than € 8 million and (c) net borrowing will be negative.
Information by email ir@idealholdings.gr, for the attention of:
Mr. Savva Asimiadi and Mrs. Katerina Psifi tel. 210 5193977
