Eurosyboulos Group SA remains on a growth trajectory with the improvement of significant financial indicators during the year 2021, while after many years, in the audit certificate of Certified Public Accountants – Auditors, there is no longer an emphasis on substantial uncertainty regarding the continuation of the company’s financial activity, as announced today The company.
In particular, as mentioned in the relevant announcement, during the year 2021, the quantitative and qualitative improvement of key economic indicators of the listed “Eurosymbouloi SA” continues and its positive dynamics is maintained, despite the negative consequences recorded as a result of its pandemic. COVID-19 in all sectors of the economy. In fact, if we take into account the important events that took place from the end of the fiscal year 2021 until today (eg the overpayment of the capital increase by cash payment and the successful outcome of important tenders in which the company participated), the positive dynamics acquires more permanent features.
According to the balance sheet data for the year 1.1.2021 – 31.12.2021, the Company in 2021 maintained the turnover at the same levels it had achieved in 2020 (in 2021 it recorded a turnover of € 4,054 thousand, compared to 2020 when it recorded a turnover of € 4,166 thousand). The picture is similar at the Group level, with a small increase in turnover from € 4,044 thousand in 2020 to € 4,120 thousand in 2021.
On the positive side of the year 2021, its maintenance is recorded profitability both at Parent level (pre-tax profits of € 679 thousand) and at Group level (pre-tax profits of € 850 thousand). Respectively, EBIDTA for the Company amounted to € 951 thousand while for the Group amounted to € 901 thousand.
An important development is the fact that after a number of years, where the net position of the Group and the Company was negative, the Group and the Company have now returned to positive net worth. Specifically, the net position of the Group, which in 2020 was negative (-360 thousand €), for the year 2021 became more positive (€ 454 thousand) while the corresponding figures for the Company were formed from € 244 thousand per year. 2020 to € 805 thousand positive net position in 2021.
At the same time, it continued during the year 2021 reduction of bank lending of the Group, which decreased by € 715 thousand, now amounting to € 3250 thousand.
Indicative of the overall improvement of the current financial situation of the Group and the Parent, but also of the prospects that are now open for the future, is the fact that after a series of many consecutive years, in Audit certificate of Certified Public Accountants – Auditors for the year 2021there is no longer an emphasis of opinion on substantial uncertainty regarding the continuation of the financial activity of the company.
The management of the company estimates that the business environment in which it operates, creates particularly positive prospects, given the financial programs that the country is called to implement within the new programming period of the NSRF 2021 – 2027, and the Recovery Fund 2020 – 2025 .
Source: Capital
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