Quarter 2022 Key Financial Figures
Kallithea, 14 November 2022
Press release in Greek
Attica Holdings S.A. (the “Company”), following a letter received from the Hellenic Capital Market Commission with Protocol Number 2707/ 9.11.2022 addressed to all issuers with securities listed on the regulated market of the Athens Exchange, announces its key financial figures for the 3rd quarter of the fiscal year 2022, and developments concerning its activity:
• Consolidated revenue stood at Euro 220.17mln for the third quarter of 2022 and Euro 421.61mln for the period 01.01.2022-30.09.2022 compared to Euro 148.31mln and Euro 270.5mln in the corresponding 2021 periods, an increase of 48.45% and 55.86% respectively.
• Consolidated earnings before interest, taxes, investing and financial results, depreciation and amortisation (EBITDA) stood at Euro 62.33mln for the third quarter 2022 and Euro 52.73mln for the period 01.01.2022-30.09.2022 against Euro 47.11mln and Euro 42.74mln in the corresponding 2021 periods.
• Consolidated earnings before interest and tax (EBIT) stood at Euro 49.09mln for the third quarter of 2022 and Euro 14.62mln for the period 01.01.2022-30.09.2022 against Euro 33.34mln and Euro 4.31mln in the corresponding 2021 periods.
• Consolidated Profit after taxes stood at Euro 60.70mln for the third quarter 2022 and profit after taxes of Euro 30.16mln for the period 01.01.2022-30.09.2022 against Profit after taxes of Euro 32.74mln and loss after taxes of Euro 1.31mln in the corresponding 2021 periods
For the forthcoming months of 2022, which constitute months of low traffic, the Group’s traffic volumes are expected to be at pre Covid-19 levels.
The Group holds adequate liquidity with its cash and cash equivalents standing at Euro 75.67mln on 30.09.2022 compared to Euro 97.36mln as at 31.12.2021. Moreover, on 30.09.2022 the Group maintains undrawn credit lines amounting to Euro 15mln.
In October 2022, the Company has entered into bilateral credit facilities with three Greek credit institutions for a total amount of Euro 210mln and tenors from five to seven years, successfully concluding the long-term refinancing of all Group's credit facilities maturing in 2022- 2023. The above agreements result in the reduction of the average interest rate margin of the Group.
Moreover, ICAP S.A., pursuant to its regular reassessment of the Company, upgraded its credit rating by one (1) notch by assigning it a ΑΑ credit rating (low credit risk zone).
Further to the agreement signed on 23.9.2022 between the Company and the largest shareholders and creditors of "ANEK S.A.” (hereinafter "ANEK"), concerning the merger through absorption of ANEK by the Company, the Board of Directors of ATTICA decided on 26.9.2022, the commencement of the process of merger through absorption of ANEK by ATTICA. The 31st of December 2021 was set as transformation date.
Note: The above financial data have not been reviewed by a certified auditor.
Attica Group - Press release