Main highlights of the April-June 2021 results:
>€237.5 million in revenue, 5.6% higher than in the previous year, and 9.5% in like-for-like terms
>€63.8 million in EBITDA, a growth of 9.5% compared to the previous year and of 18.4% higher in like-for-like terms.
>EBITDA margin in reported terms improves by 1.0 p.p. compared to the previous year up to 26.9%.
>€33.9 million in net profit, up 13.2% on the previous year.
>€6.1 million of net bank debt in June 2021, a decrease of 84.2% compared to €38.2 million in December 2020 thanks to the strength of the operating results.
>Payment of a final dividend of €0.29 per share on June 3, 2021, a total distribution of €13.4 million.
>José Domingo de Ampuero y Osma, Chairman of the Viscofan Group:
“The results achieved in the first half of the year place us in a good position to meet our targets set for the year, with revenue growth, improved profitability and cash generation.
We continue to strengthen our position in the casings market with a business model that has allowed us to benefit from market growth, especially in Asia, and to counteract an adverse environment of currency and inflation in energy costs and some raw materials.
The main investment projects are progressing as planned, not only in the operational initiatives, which include the expansion of fibrous capacity and the technological update in collagen in the United States - expected in the second half of 2021 -, but also in our leadership in the sustainability projects with the installation of a new co-generation engine with green hydrogen capacity in Cáseda. "
All results information is available on the Investor Relations Site. LINK