IDEAL Holdings announced an increase in revenue, EBITDA and net profit for 2021. In particular, the listed company announced:
• Revenue increase by 43% to € 67.5 million, compared to € 47.2 million in 2020
• Increase in Earnings before interest, taxes, depreciation and amortization (EBITDA) by 61% to € 10.8 million, compared to € 6.7 million in 2020
• Increase in Profits after Taxes by 84% to € 7.2 million compared to € 3.9 million in 2020
The company – following the publication of the Annual Financial Report for the year 2021, on 31.03.2022 – points out that Proforma 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 displayed in note 21.3 of the Audited Financial Statements of 2021.
Development and performance of the Group’s activities and prospects for 2022
Distribution of IT and White Household Appliances – Trust Services, Cybersecurity Solutions and Software Development
Sales of IT and white goods products distributed by the company increased compared to 2020 and this upward trend is expected to continue in 2022 due to the expansion of the range of available products and the Government’s programs for the provision of digital tools and home equipment upgrade.
Sales of the Cybersecurity Solutions / Services activity / Trust services increased compared to 2020. Factors that are expected to further boost sales in 2022 are:
Στην Developments in technology, such as Cloud Computing and 5G which will require investments in Cybersecurity in the development of new services.
. Continuation of teleworking will require increased needs in Cybersecurity.
. The increase of cyber attacks is expected to lead to an increase in the demand for technological equipment and cyber security services.
➢ Major Cybersecurity projects through the Recovery Fund that are expected to be announced.
. The evolution of the Regulatory and Regulatory Framework at both National and European level (GDRP, NIS, IMO, eIDAS etc) and the relevant compliance requirements.
It is estimated that in the first four months of this year, the company will receive permission from the Regulatory Authority of Trust Service Providers to activate the new remote identification service which is expected to contribute positively to the diffusion of electronic signatures and stamps as the presence will no longer be required. to issue an electronic signature.
In the field of Trust Services, the company has entered into significant three-year contracts, with public and private sector organizations in Greece, Cyprus and abroad for the provision of services and solutions of approved digital signatures, seals and stamps, which are estimated to contribute to further development of this activity.
Regarding software development, the activity was strengthened this year with new specialized and experienced executives from the market, both in the commercial sector and in the field of product development and consulting support for new and existing customers. With the help of the new executives, the Company expects the expansion of its activity in new markets – both in Greece and abroad – as well as the development of new software products, which will make even more complete the solutions it offers to its customers.
Manufacture and marketing of metal caps
Astir Vitogiannis SA – Proforma BASIC ECONOMIC SIZES
Despite the fact that the pandemic negatively affected the supply chain, which resulted in an increase in the cost of raw materials used to produce products and transportation costs, the company was able to meet the demand that arose from the weakness competing companies to supply similar products led to this significant increase.
Corresponding upward trends in costs are expected throughout 2022 as a result of the energy crisis, rising inflation and the continuing disruption in the supply chain, reducing profit margins. The company expects a further increase in sales in 2022, making full use of its production capacity and based on its international clientele.
Marketing and promotion of carbonated soft drinks
Three Cents – Proforma BASIC ECONOMIC SIZES
The activity increased compared to the previous year despite the negative effect of the suspension of the operation of bars, restaurants and hotels which are the main distribution channels of the products, due to the restrictive measures of the pandemic.
The company has been taking action since November 2020 to increase its presence in retail stores, and now sales in the retail channel have begun to strengthen and increase as a percentage of its total sales. The strategic goals for 2022 include further expansion of its product portfolio and expansion into new markets as 37% of its sales are made in foreign countries.
Significant events after the end of the fiscal year 2021 and until the date of publication of the Annual Financial Report
The Company’s 100% subsidiary, Astir Vitogiannis SA (“Astir”) entered into an agreement with The South African Breweries Proprietary Limited (“SAB”) to acquire SAB’s majority stake in Coleus Packaging Proprietary Limited (“Coleus”). ), for the acquisition of 74.99% of Coleus and the transaction price was set at ZAR 210 million (€ 12.65 million – Exchange rate 1 EUR for 16.6 ZAR).
The transaction will be completed after the consent of the Competition Commission of South Africa, which is expected within the next 60 days. The transaction will be 57% financed by ZAR financing from local banks and 43% by Equity by Astir.
Coleus (www.coleus.co.za) has production facilities in the Republic of South Africa and supplies metal caps to breweries and beverage and beverage companies in South Africa and surrounding countries. The company sold more than 6.2 billion caps in 2021 to its customers, including AB InBev Group, Heineken, Distell, Diageo and Coca Cola, which account for 98% of its sales.
Coleus, which has a total of 140 employees, in 2021 had sales of ZAR 521.8 million (€ 31.4 million), EBITDA ZAR 59.6 million (€ 3.6 million) and net debt of ZAR 120 million . (€ 7.2 million). The current exchange rate is € 1 = 16.6 ZAR.
In 2021, Astir and Coleus had total sales of 12.5 billion caps. The agreement will allow synergies in both revenue and costs, as well as customer service in different geographical areas.
See the announcement in the right column Related Files
Source: Capital
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