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Financial results

1Q 2021 consolidated results

Consolidated Income Statement Data
(Thousands of euro)

1Q 2021

1Q 2020
Total net sales 41,038 49,285
Gross profit 15,915 20,358
% on sales 38.8% 41.3%
Operating income 2,238 6,841
% on sales 5.5% 13.9%
EBITDA 5,007 9,384
% on sales 12.2% 19.0%
Net income (loss) from continued operations 1,381 -5,074
% on sales 3.4% -10.3%
Group net income 1,381 -5,074
% on sales 3.4% -10.3%
 
Consolidated Balance Sheet Data
(Thousands of euro) March 31, 2021 December 31, 2020
Group shareholders' equity 244,900 238,162
Net financial position 92,351 95,742
COMPARISON WITH THE FIRST QUARTER OF 2020 NOT SIGNIFICANT DUE TO THE STILL LIMITED IMPACT OF COVID-19 ON 1Q 2020 REVENUES
 
STRONG GROWTH IN SALES OF THE MEDICAL AND ADVANCED PACKAGING DIVISIONS COMPARED TO 4Q 2020
 
  • Consolidated revenues equal to €41 million, compared to €49.3 million in 1Q 2020
  • Consolidated revenues organically increased by 1.9% in 1Q 2021 compared to 4Q 2020
  • Consolidated gross profit equal to €15.9 million compared to €20.4 million in 1Q 2020
  • Consolidated operating income equal to €2.2 million compared to €6.8 million in 1Q 2020
  • Consolidated EBITDA equal to €5 million (12.2% of consolidated revenues) compared to €9.4 million in 1Q 2020 (19% of consolidated revenues)
  • Consolidated net income positive and equal to €1.4 million compared to a negative consolidated net income of -€5.1 million in 1Q 2020, but not significant comparison due to the strong penalizing effect of Covid-19 on the 1Q 2020 financial management
  • Consolidated net financial position positive and equal to €92.4 million as at March 31, 2021
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