ELINOIL: 3.4% increase in 2021 turnover

The turnover of the ELINOIL company for 2021 increased by 3.6%, according to a relevant announcement.

In particular, the consolidated turnover of the Group for the year 2021 amounted to 1,512.31 million euros compared to 1,459.67 million euros in 2020, recording an increase of 3.61%. For the same period, the Group’s gross profit amounted to 43.74 million euros compared to 51.05 million euros in 2020 and earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to 15.7 million euros against 13.9 million euros last year, showing an increase of 13%. Respectively, the consolidated pre-tax profits of the Group (EBT) amounted to € 5.1 million compared to € 2.4 million in 2020, while the consolidated results after taxes and minority interests (EATAM) amounted to profits of 3.9 million euros against 1.6 million euros in 2020.

Regarding the parent company ELINOIL SA, in 2021, EBITDA amounted to 14.8 million euros against 11.8 million euros, the profits before taxes to 6, 05 million euros vs. 2 million euros in 2020 and earnings after taxes and minority interests (EATAM) at 4.68 million euros vs. 1.31 million euros in the second half of the year in the electricity market, with the huge increase in prices that resulted in significant losses of 2.3 million euros.