Athens Water (Results FY:20): The company remain a net cash by €464.5m (56% of market cap)

Athens Water (Results FY:20): 

The company booked a €157.5m provision in Q4:20 related to State’s raw water claim for the years 2013-2020. Company remain a net cash by €464.5m (56% of market cap). The company holds a presentation to analysts today to discuss results.

Athens Water

2019

2020

Y-o-Y

2019

2020

Y-o-Y

EUR thous.

FY

FY

(%)

Q4

Q4

(%)

Sales

323,744

330,325

2.0%

78,668

82,650

5.1%

EBITDA

107,661

-57,115

-153.1%

20,829

-133,214

-739.6%

EBITDA Mrg

33.3%

-17.3%

-5,055 bps

26.5%

-161.2%

-18,766 bps

Net Income

58,068

-66,100

-213.8%

9,503

-106,224

-1217.8%

Net Mrg

17.9%

-20.0%

-3,795 bps

12.1%

-128.5%

-14,060 bps

  • ΜΑΝΟΣ ΧΑΤΖΗΔΑΚΗΣ – ΒΕΤΑ SEC