(Boursier.com) — The Group’s consolidated annual turnover Baikowski for the 2021 financial year reached 44.9 million euros, up sharply by +26% compared to 2020, and by +11% compared to 2019. The Group confirmed its solid momentum internationally with 97% of its export sales, of which 20% in Europe and 77% worldwide. Business is up in all of the Group’s major international markets.
Ebit stood at 7 ME (1.7 ME in 2020), i.e. a margin of 15.6% of turnover. Ebitda amounts to 11.8 ME (6.9 ME in 2020), and represents 26.2% of turnover.
The financial result for the 2021 financial year recorded income of €0.4 million (-0.2 million in 2020). The Group share of net income amounted to €6.8 million, up sharply compared to 2020 (€1.3 million that year), i.e. 15.1% of revenue.
The Group enjoys a very solid financial situation with closing cash of €9.4 million. With shareholders’ equity of 40.8 ME, for a net financial debt of 4.6 ME, down 10 ME compared to 2020, the Group posted a ‘gearing’ (net financial debt/net situation) of 11 % at the end of 2021.
The Board of Directors will propose to the General Meeting a dividend of 0.85 euro per share.
Backed by a strong start to the year, the Group remains confident in the execution of its roadmap.
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