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Financial results

9M 2021 consolidated results

Consolidated Income Statement Data
(Thousands of euro)

9M 2021

9M 2020
Total net sales 137,140 128,096
Gross profit 58,022 54,217
% on sales 42.3% 42.3%
Operating income 17,008 14,015
% on sales 12.4% 10.9%
EBITDA 25,519 22,218
% on sales 18.6% 17.3%
Income before taxes 18,013 7,429
% on sales 13.1% 5.8%
Group net income 10,524 3.133
% on sales 7.7% 2.4%
 
Consolidated Balance Sheet Data
(Thousands of euro) September 30, 2021 December 31, 2020
Group shareholders' equity 248,237 238,162
Net financial position 70,231 95,742
QUATERLY CONSOLIDATED REVENUES GRADUALLY INCREASING
 
STRONG IMPROVEMENT OF ALL OPERATING INDICATORS IN COMPARISON BOTH WITH 3Q 2020 AND 2Q 2021, DRIVEN BY GROWTH IN REVENUES
 
  • Consolidated net revenues equal to €51.3 million in 3Q 2021, showing a gradual growth in all quarters of the current year (organic growth of +12.5% compared to 2Q 2021)
  • Organic increase of 32.2% compared to consolidated revenues (€39 million) in 3Q 2020
  • Total revenues of the Group equal to €53.9 million in 3Q 2021, increased by 14.8% compared to 2Q 2021 (€46.9 million) and by 31.2% compared to 3Q 2020 (€41 million)
  • Consolidated gross profit equal to €22.6 million (44.2% of revenues) in 3Q 2021, compared to €16 million (41% of revenues) in 3Q 2020 and €19.5 million (43.4% of revenues) in 2Q 2021
  • Consolidated operating income equal to €9.5 million (18.5% of revenues) in 3Q 2021, more than tripled compared to €2.9 million in 3Q 2020 and almost doubled compared to €5.3 million in 2Q 2021
  • Consolidated EBITDA equal to €12.3 million (24% of revenues) in 3Q 2021, showing a strong growth compared to €5.7 million (14.7% of revenues) in 3Q 2020 and €8.2 million (18.3% of revenues) in 2Q 2021
  • Consolidated net income equal to €6.3 million in 3Q 2021, more than doubled compared to €2.7 million in 3Q 2020 and €2.8 million in 2Q 2021
  • Consolidated net financial position at September 30, 2021 positive and equal to €70.2 million
Financial results

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