Announcement for the first three quarters 2020

 The EBITDA of IKTINOS HELLAS S.A in the first three quarters of 2020 amounted to 4.79 million Euros, compared to 9.51 million Euros in the respective first three quarters of 2018, presenting a decrease of 49.63% .

In the same period, profit before tax decreased by 73.18% and amounted to 1.79 million Euros compared to 6.67 million Euros in the first three quarters of 2018.

The turnover amounted to 21.87 million Euros, compared to 31.35 million Euros in the first three quarters of 2019, recorded a decrease of 30.24%.

The exports of marble in the first three quarters amounted to 95% of the turnover of the company.

Respectively, on a consolidated basis, for the first three quarters of 2020:

  • the EBITDA amounted to 5.87 million Euros, compared to 10.12 million Euros in the respective first three quarters of 2018, showing a decrease of 41.99%,
  • the turnover decreased by 29.94% and amounted to 24.08 million Euros, compared to 34.37 million Euros in the respective previous period,
  • profit before tax amounted to 1.66 million Euros, compared to 5.69 million Euros in the respective first three quarters of 2019, showing a decrease of 70.86%

Despite the unprecedented outbreak of global pandemic in March, the company is still profitable and at the same time has sufficient cash and suitable financial tools- lines from the banking system in order to be able to face and cope with the global crisis.The company watches all news on continuous basis and is adjusted to all new data and challenges arised by Covid-19. Also, the company was immediately adapted to the new reality of the pandemic, and proceeded to readjustment of its strategy and program, by redesigning and simplifying procedures aiming at the "contactless communication" with our customers through digital transformation

Ικτίνος Ελλάς Α.Ε. - Επενδυτικές Σχέσεις