E. Pairis: EBITDA decreased by 32.7% in the nine months

E. Pairis’ turnover increased by 8.1% in the nine months of 2021, as it amounted to 9,635,696 euros compared to 8,917,792 euros in the corresponding period last year.

Meanwhile, EBIT fell 46.8% to 480,710 euros from 903,555 in the same period last year. EBITDA also fell by 32.7%, reaching 907,986 euros compared to 1,348,189 euros in the corresponding nine months of 2020. At the same time, pre-tax profits fell to 110,956 euros, from 310,958 euros.

E. Pairis: EBITDA decreased by 32.7% in the nine months

The Bank lending of the Group during the nine months 2021 and the change of the 3rd quarter 2021 with the corresponding data of the year 2020 fluctuated as follows:

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The Equity of the Group on 30/09/2021 increased, as the Group recorded profits in the 9 months of 2021, in relation to the equity on 31/12/2020.

As stated in the relevant announcement of the company: “According to the course of the COVID-19 coronavirus pandemic and the financial position of the Group, its effects are not expected to have a significant impact on the continuation of business activities and the financial results of the Group. for the fourth quarter of 2021.

The significant burden of energy costs due to the global energy crisis has had an upward effect on the prices of raw materials and variable costs in general, as reflected in the Group’s gross profit on 30/09/2021 compared to the corresponding previous period.

However, the Management of the Company makes every effort to manage the aforementioned developments, in order to limit the negative consequences on its Financial Results “.

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Source From: Capital

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