IKTINOS HELLAS SA Press Release - With detailed information regarding the shaping of the fundamental financial figures during the third quarter of the fiscal year 2020 and on a cumulative basis for nine months, as requested by the Capital Market Commissio

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 third quarter of 2020, Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) amounted to 1.8 million euro compared to 4.3 million euro in the corresponding third quarter of 2019. The index for Profit before Interest, Taxes, Depreciation and Amortization (EBITDA) / Turnover in the third quarter of 2020 improved compared to the first half and amounted to 24.09% compared to the first half of the year which was 20.72%.

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. In the third quarter of 2020, Profits before taxes amounted to 0.8 million euro compared to 3.5 million euro in the corresponding third quarter of 2019.

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%. In the third quarter of 2020, turnover amounted to 7.6 million euro compared to 10.4 million euro in the corresponding third quarter of 2019.

Cash and cash equivalents amounted to 6.1 million euro on 30/09/2020 while total Net borrowing amounted to 40.6 million euro. Additional borrowing of 5.5 million euro that the company received through the Hellenic Development Bank (HDB) is in the company's cash equivalents.

The company proceeded with investments amounting to 2.4 million euro for the 9 months of 2020 compared to 4.7 million euro in the corresponding 9 months of 2019.

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%.%. In the third quarter of 2020 EBITDA amounted to 2.3 million euro compared to 4.1 million euro in the corresponding third quarter of 2019. The index for Earnings before Interest, Taxes and Depreciation (EBITDA) / Turnover in the third quarter of 2020 improved compared to the first half and amounted to 28.13% compared to the first half which was 22.49%
  • the turnover decreased by 29.94% and amounted to 24.08 million Euros, compared to 34.37 million Euros in the respective previous period. In the third quarter of 2020 turnover amounted to 8.1 million euro compared to 11.1 million euro in the corresponding third quarter of 2019
  • 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%. In the third quarter of 2020 earnings before taxes amounted to 0.9 million euro compared to 2.6 million euro in the corresponding third quarter of 2019.

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