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Interim consolidated financial statement of Grigeo AB covering 3 months of 2022

·2-min read
Grigeo
Grigeo

Over 3 months of 2022, Grigeo AB group (hereinafter – the Group), consisting 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 the consolidate sales turnover of EUR 49.9 million. It is by EUR 14.8 million more than over 3 months of 2021.

Over the reporting period, the Group earned EUR 2.8 million profit before taxes, which is by EUR 1.0 million less than in the same period in 2021.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) of the Group, if compared with 3 months of 2021, decreased by EUR 1.2 million and reached EUR 5.1 million.

Over 3 months of 2022, Grigeo AB (hereinafter – the Company) sales amounted to EUR 18.9 million, which is by EUR 3.4 million more than in the same period in 2021.

Over the reporting period, the Company earned EUR 0.8 million profit before taxes, which is by EUR 1.1 million less than in the same period in 2021.

The Company's EBITDA reached EUR 1.8 million and, if compared with the same period in 2021, decreased by EUR 1.2 million.

The following table summarizes 3-month performance numbers stated in this announcement:

Indicator, EUR million

Group

Company

2022

2021

Change

2022

2021

Change

Revenue

49.9

35.1

42.3%

18.9

15.5

21.8%

EBITDA

5.1

6.4

-19.6%

1.8

3.0

-40.2%

Profit before tax (EBT)

2.8

3.9

-26.9%

0.8

1.9

-58.5%

More details on these changes are presented in interim management report and unaudited consolidated financial statements of Grigeo AB covering 3 months of 2022 (see attachments).

Gintautas Pangonis
President of Grigeo AB
+370 5 243 58 01

Attachment


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