FLASH NOTE OF ANNUAL FINANCIAL RESULTS 2021
Athens, Greece – 22 March 2022 – IDEAL Holdings (RIC: IDEr.AT, Bloomberg: INTEK. GA) informs about the Proforma Consolidated Results of 2021.
Mr. Panos Vassiliadis, CEO of IDEAL Holdings, stated:
"The transformation of IDEAL Holdings and the creation of the new business scheme began to bear fruit, resulting in a significant increase in turnover and an almost doubling of net profits. We are closely monitoring the developments and despite all the challenges we remain optimistic about the course of all the activities of IDEAL Holdings. Our strategic plan is progressing smoothly and we estimate that our growth will continue this year."
The President of the Board of Directors of IDEAL Holdings, Mr. Lambros Papakonstantinou, stated:
"We are completely satisfied with the decisions we took in 2021 for the creation of IDEAL Holdings. The results of all companies were better from 2020 but also from 2019. We have laid the foundations for the further development of the conglomerate scheme and we want to expand our activities. The acquisition of Coleus Packaging is in this direction, strengthens the investment in Astir Vitogiannis and significantly improves not only its sizes but also the overall sizes of IDEAL Holdings. 2022 is a challenging year with the events happening at the international level, but we believe that we are prepared to face it and strengthen our economic performance."
Proforma CONSOLIDATED KEY FINANCIAL FIGURES
|
Amounts in mm. € |
2021 |
2020 |
D % |
|
Turnover |
67.534 |
47.197 |
43% |
|
EBITDA |
10.760 |
6.660 |
62% |
|
Earnings Before Tax |
8.917 |
4.870 |
83% |
|
Net Profit |
7.155 |
3.857 |
85% |
|
Earnings per Share |
0,23 |
0,12 |
86% |
The Proforma Financial Statements present the performance of the companies if the share capital increase with the contribution in kind of the shares of sicc limited (Astir Vitogiannis) and ESM Limited (Three Cents) had taken place at the beginning of the fiscal year i.e. on 01.01.2021 and not on 17.06.2021. The Proforma Financial Statements are not audited financial statements, they are prepared for informational and comparability purposes and are reflected in note 21.3 of the Audited Financial Statements of 2021, which will be published on March 31, 2022.
The performance of the ultimate subsidiaries in which IDEAL Holdings participates is summarized below and the detailed results will be announced on March 31:
Astir Vitogiannis A. E. –Proforma KEY FINANCIAL FIGURES
|
Amounts in mm. € |
2021 |
2020 |
D % |
|
Turnover |
29.408 |
21.147 |
39% |
|
EBITDA |
7.410 |
5.000 |
48% |
|
Earnings Before Tax |
6.479 |
3.741 |
73% |
|
Net Profit |
5.301 |
2.809 |
89% |
IDEAL Electronics & ADACOM – Proforma KEY FINANCIAL FIGURES
|
Amounts in mm. € |
2021 |
2020 |
D % |
|
Κύκλος Εργασιών |
30.393 |
21.020 |
44% |
|
EBITDA |
1.986 |
1.363 |
46% |
|
Κέρδη προ Φόρων |
1.147 |
839 |
40% |
|
Καθαρά Κέρδη |
816 |
815 |
0% |
Three Cents – Proforma KEY FINANCIAL FIGURES
|
Ποσά σε χιλ. € |
2021 |
2020 |
Δ % |
|
Κύκλος Εργασιών |
7.734 |
5.030 |
54% |
|
EBITDA |
1.364 |
297 |
359% |
|
Κέρδη προ Φόρων |
1.291 |
290 |
345% |
|
Καθαρά Κέρδη |
1.038 |
233 |
345% |
Outlook for 2022
2022 began with a positive outlook for the Greek economy, which was recovering from the low levels of recent years and expects the inflows from the European Recovery Fund. The war in Ukraine, combined with the increase in inflation, energy costs, the ongoing disruption in the supply chain and the increase in transport costs will remain the dominant issues, affecting the course of the economy.
IDEAL Holdings estimates that it has created the appropriate defenses to further strengthen its financial figures in 2022, in line with the goals set.
Information at ir@idealholdings. gr , account of:
Mr. Savvas Asimiades and Katerina Digiti tel. 210 5193977
