Grigeo AB interim consolidated accounts covering 9 months 2021

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Over 9 months of 2021, the Grigeo AB group (hereafter – the Group), made up of Grigeo AB, Grigeo Packaging UAB, Grigeo Baltwood UAB, Grigeo KlaipÄ—da AB, Mena Pak AT, Grigeo Recycling UAB, Grigeo Recycling SIA and Grigeo investicijų valdymas UAB achieved consolidated sales of 117.8 million euros. This is 21.0 million euros more than in 9 months 2020.

During the period under review, the Group achieved a profit before tax of 11.7 million euros, i.e. 2.6 million euros more than during the same period in 2020.

The Group’s profit before interest, taxes, depreciation and amortization (EBITDA), compared to the 9 months of 2021, increased by 1.4 million euros to 19.2 million euros.

Over 9 months in 2021, sales of Grigeo AB (hereafter – the Company) amounted to 48.8 million euros, i.e. 0.9 million euros more than during the same period in 2020.

During the reporting period, the Company achieved pre-tax profit of 3.8 million euros, which is 2.6 million euros less than during the same period in 2020.

The Company’s EBITDA reached 5.8 million euros and, compared to the same period in 2020, decreased by 4.7 million euros.

The following table summarizes the 9-month performance figures shown in this announcement:

Indicator, millions of euros

Group

Society

2021

2020

Switch

2021

2020

Switch

Returned

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 the interim management report (section A) and the 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

Attachment


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