Interim consolidated accounts of Grigeo AB

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Over 6 months of 2021, the Grigeo AB group (hereafter – the Group), made up of Grigeo AB, Grigeo Packaging UAB, Grigeo Baltwood UAB, Grigeo Klaipėda AB, Mena Pak AT, Grigeo Recycling UAB, Grigeo Recycling SIA and Grigeo investicijų valdymas UAB achieved consolidated sales of 73.7 million euros. This is 8.8 million euros more than over 6 months of 2020.

During the period under review, the Group achieved a profit before tax of 8.6 million euros, i.e. 2.3 million euros more than during the same period in 2020.

The Group’s profit before interest, taxes, depreciation and amortization (EBITDA), compared to 6 months of 2021, increased by 1.2 million euros to 13.5 million euros.

Over 6 months in 2021, sales of Grigeo AB (hereafter – the Company) amounted to € 30.8 million, i.e. € 1.7 million less than during the same period in 2020.

During the period under review, the Company achieved a profit before tax of 4.4 million euros, i.e. 0.1 million euros more than during the same period in 2020.

The Company’s EBITDA reached 5.1 million euros and, compared to the same period in 2020, decreased by 2.0 million euros.

The following table summarizes the 6-month performance figures shown in this announcement:

Indicator, millions of euros Group Society
2021 2020 Switch 2021 2020 Switch
Returned 73.7 64.9 13.5% 30.8 32.5 -5.0%
EBITDA 13.5 12.3 10.2% 5.1 7.1 -27.5%
Profit before tax (EBT) 8.6 6.3 36.0% 4.4 4.3 2.6%

More details on these changes are presented in the interim management report and unaudited consolidated financial statements of Grigeo AB covering the 6 months of 2021 (see attachments).

Martynas Nenėnas
Chief Financial Officer, Interim President of Grigeo AB
+370 5 243 58 01

  • Grigeo interim report 2021Q2


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