Space Hellas: 37.86% increase in 9-month turnover

The consolidated turnover of Space Hellas in the period from 01.01.2022 to 30.09.2022 amounted to 86.05 million euros, compared to 62.4 million in the corresponding period of 2021, showing an increase of 37.86%.

For the third quarter of 2022 the consolidated turnover amounted to 33.08 million euros from 26.2 million euros in the corresponding period of 2021.

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Also, according to the company’s announcement, the consolidated EBITDA of Space Hellas for the 9 months amounted to 5.6 million euros compared to 6.1 million in the corresponding period of 2021, while for the period 01.07.2022-30.09.2022 the consolidated EBITDA amounted to 1.5 million euros against 2.8 million euros.

Accordingly, the consolidated Earnings before Taxes, Financial Interest & investment results (EBIT) in the 9th month amounted to 3.3 million euros compared to 3.9 million euros in the corresponding period of 2021. The management estimates that the strong 4th quarter we are going through, added at nine months, it will lead to an improvement in the aggregate of all group sizes compared to 2021 sizes.

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However, it notes that as the war escalates between Russia and Ukraine, disruptions in the supply of energy and food to the global economy intensify, while achieving energy sufficiency and the transition to cleaner forms of energy takes time, uncertainty is increasing internationally. and is the most decisive factor of economic and geopolitical developments in the coming years.