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DGAP-News: Allterco JSCo continues strong profitable growth in 9M 2021

DGAP-News: Allterco JSCo


/ Key word(s): Quarterly / Interim Statement/9 Month figures






Allterco JSCo continues strong profitable growth in 9M 2021








25.11.2021 / 20:35




The issuer is solely responsible for the content of this announcement.



Allterco JSCo continues strong profitable growth in 9M 2021

 



Consolidated revenues increased by 57.3% to BGN 38.5 million (EUR 19.7 million)*




EBITDA up 62.2% to BGN 12.0 million BGN (EUR 6.1 million)*




Net profit on group level up 64.0% to BGN 10.0 million (EUR 5.1 million)*




FY21 guidance of consolidated revenue of BGN 54.5 million (EUR 27.9 million)* confirmed



 

Sofia / Munich, 25 November 2021 - Allterco JSCo (ticker A4L / ISIN: BG1100003166) ("Allterco"), a provider of IoT and smart home products based in Sofia, Bulgaria, upheld its growth momentum in the 9-month period and achieved further increases in revenues and earnings.

Allterco achieved a 57.3% increase in consolidated revenue from the sale of devices in the 9-month period to BGN 38.5 million (EUR 19.7 million)*. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 62.2% to BGN 12.0 million (EUR 6.1 million)*. Net profit on group level increased by 64.0% to BGN 10.0 million (EUR 5.1 million)* compared to the same period of the previous year.

With an equity ratio of 89.4% as of 30 September 2021, Allterco enjoys a solid balance sheet (31 December 2020: 86.5%). Here, in addition to the unappropriated profit, the reduction in non-current liabilities to banks by 11.8% to BGN 2.2 million (EUR 1.1 million)* was particularly noticeable.
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