Interim consolidated financial statement of Grigeo AB covering 9 months of 2021
November 24 2021 - 8:01AM
Interim consolidated financial statement of Grigeo AB covering 9
months of 2021
Over 9 months of 2021, Grigeo AB group
(hereinafter – the Group), consisting of Grigeo AB, Grigeo
Packaging UAB, Grigeo Baltwood UAB, Grigeo Klaipėda AB, Mena Pak
AT, Grigeo Recycling UAB, Grigeo Recycling SIA and Grigeo
investicijų valdymas UAB achieved the consolidate sales turnover of
EUR 117.8 million. It is by EUR 21.0 million more than over 9
months of 2020.
Over the reporting period, the Group earned EUR
11.7 million profit before taxes, which is by EUR 2.6 million more
than in the same period in 2020.
Earnings before interest, taxes, depreciation,
and amortization (EBITDA) of the Group, if compared with 9 months
of 2021, increased by EUR 1.4 million and reached EUR 19.2
million.
Over 9 months of 2021, Grigeo AB (hereinafter –
the Company) sales amounted to EUR 48.8 million, which is by EUR
0.9 million more than in the same period in 2020.
Over the reporting period, the Company earned
EUR 3.8 million profit before taxes, which is by EUR 2.6 million
lower than in the same period in 2020.
The Company's EBITDA reached EUR 5.8 million
and, if compared with the same period in 2020, decreased by EUR 4.7
million.
The following table summarizes 9-month
performance numbers stated in this announcement:
Indicator, EUR million |
Group |
Company |
2021 |
2020 |
Change |
2021 |
2020 |
Change |
Revenue |
117.8 |
96.8 |
21.6% |
48.8 |
47.8 |
1.9% |
EBITDA |
19.2 |
17.9 |
7.7% |
5.8 |
10.5 |
-45.0% |
Profit before tax (EBT) |
11.7 |
9.1 |
28.9% |
3.8 |
6.4 |
-40.3% |
More details on these changes are presented in
interim management report (section A) and unaudited consolidated
financial statements of Grigeo AB covering 9 months of 2021 (see
attachments).
Gintautas Pangonis President of Grigeo AB +370 5 243 58 01
- Grigeo 2021Q3 interim report
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