Χ.Α.Α 9μηνα 2022: ΓΕΚΤΕΡΝΑ – SPACE & MEVACO (5.12.2022)

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Χ.Α.Α 9μηνα 2022: ΓΕΚΤΕΡΝΑ – SPACE & MEVACO (5.12.2022)

ΓΕΚΤΕΡΝΑ (αποτελέσματα 9μηνο:22): Ο Όμιλος δημοσίευσε ένα δυνατό σύνολο αποτελεσμάτων σε όλους τους επιχειρηματικούς τομείς δραστηριότητας του, στηριζόμενος σε ένα ιδιαίτερα ισχυρό τρίτο 3μηνο, ενώ ταυτόχρονα κατέθεσε τις θετικές προοπτικές του για τις επόμενες περιόδους.

  • Τα έσοδα του Ομίλου κατά το 3ο τρίμηνο του 2022 ανήλθαν σε €1.300,4 εκ. έναντι €261,3 εκ. την αντίστοιχη περίοδο του 2021. Η αύξηση οφείλεται κυρίως στην πλήρη ενοποίηση των ΗΡΩΝ ΕΝΕΡΓΕΙΑΚΗ και ΗΡΩΝ ΙΙ ΒΟΙΩΤΙΑΣ, ενώ και τα έσοδα στον τομέα των κατασκευών και των παραχωρήσεων παρουσίασαν αύξηση.

Η λειτουργική κερδοφορία (προσαρμοσμένο EBITDA) το 3ο τρίμηνο:22 ανήλθε στα €186,6 έναντι €76,4 εκατ. την αντίστοιχη περίοδο του 2021 μετά τα αυξημένα έσοδα σε όλους τους τομείς. Τα κέρδη προ φόρων για το 3ο τρίμηνο:22 ανήλθαν στα €85,7 εκατ. έναντι €25,0 εκατ. το τρίτο τρίμηνο:21. Πιο αναλυτικά:

  • Total Revenues at €2,762.0m compared to €700.7m in the respective period for 2021. Revenues of the construction segment increased to €649.7m compared to €398,8m. Concessions segment revenues amounted to €152.7m compared to €124.2m in the respective period of 2021 following the recovery in traffic volumes given the removal of mobility restrictions imposed due to the pandemic.

The segment of Energy generation and supply (electricity and natural gas) in Greece and Abroad total revenues amounted to €2,076.4m compared to €220.0m in the respective period last year driven by the increases RES production but also due to the full consolidation of Heron II VOIOTIAS and HERON ENERGY (since 14.02.2022).

  • § Operating profitability (adjusted EBITDA) for the Group reached €404.8n in 9M:22 compared to €206.9m in 9M 2021 reflecting the changes in the sales mix. Construction segment adj. EBITDA reached €45.4m vs. €38.4m in the respective period of 2021.
  • Concession segment adj. EBITDA reached €82.8m compared to €81.8m The segment of Energy generation and supply (electricity and natural gas) in Greece and Abroad recorded an adj. EBITDA of €296.2m compared to €103.9m.

§  Profits after taxes from continued activities attributable to shareholders of the parent came at €68.5m for the 9M:22 compared to €4.9m in 9M 2021.

§  Profits after taxes from continued activities attributable to shareholders of the parent without the impact of non-operating items for 9M:22 reached €93.2m compared to €14.7m for 9M:21.

§  Total investments of the Group during the period of January-September 2022 came to 280m, vs. €77m in 9M 2021, driven primarily by the RES sector.

§  Total gross debt for the group at 30.09.2022 stood at €2,694.4m compared to €2,596.0m at 31.12.2021. Total Net Debt of the Group at the end of September 2022 stood at, €1,567.6m vs. €1,231,7 at the end of Dec’2021, with the increase related to reduced cash following the implementation of investments plans mainly in Energy.

  • It is noted that net debt at the end of 3Q 2022 was at the same level compared to the end of 1H 2022 that stood at €1,608.8m. Group’s Cash and Cash Equivalent at the end of 3Q 2022 reached €1,126.9m.Net Debt/adj. EBITDA (LTM) shaped at 3.0x at the end of 3Q 2022 compared to 3.8x in FY 2021, as a results of increased profitability

§  Outlook: In construction, activity is expected to remain high given the number of projects that have been already started construction but also from the launch of new projects in the coming periods.

  • In concessions, the segment is expected to be significantly boosted over the coming periods as the implementation of the investment plan amounting to €4.5bn is in progress but also from the exploitation of new opportunities in the market.
  • The segment of Energy generation and supply (electricity and natural gas) in Greece and Abroad the investment program in RES continues with the project of Kafireas approaching completion and the project of Amfilochia being now under construction. In thermal energy and supply the market conditions remain volatile with the Group constantly monitoring developments.

The following table summarizes financial performance across all business segments:

in m eur

Turnover

EBITDA

Net Income reported before Minorities

Segment

9M:21

9M:22

Δ (%)

9M:21

9M:22

Δ (%)

9M:21

9M:22

Δ (%)

Construction

398.8

649.7

62.9%

38.4

45.4

18.2%

20.2

30.1

49.0%

Energy from RES

150.6

175.2

16.3%

104.2

123.6

18.6%

39.1

29.8

-23.8%

Concessions

124.2

152.7

22.9%

81.8

82.8

1.2%

0.0

-44.8

Thermal Energy & Trading

69.5

1,901.2

2635.5%

-0.2

172.6

-86400.0%

4.6

103.5

2150.0%

HQ and Others

10.0

16.7

67.0%

-6.2

-7.2

16.1%

-27.3

-2.5

-90.8%

Eliminations

-52.4

-133.4

-5.2

-12.4

-4.9

-13.3

Total

700.7

2,762.1

294.2%

212.8

404.8

90.2%

31.7

102.8

224.3%

  • SPACE HELLAS (9M:22 results): Total debt (long and short term) €78.8mn.

SPACE HELLAS

2021

2022

Y-o-Y

2021

2022

Y-o-Y

EUR thous.

9M

9M

(%)

Q3

Q3

(%)

Sales

62,400

86,050

37.9%

26,140

33,078

26.5%

EBITDA

6,100

5,600

-8.2%

2,797

1,442

-48.4%

EBITDA Mrg

9.8%

6.5%

-327 bps

10.7%

4.4%

-634 bps

EBIT

3,900

3,300

-15.4%

EBIT Mrg

6.3%

3.8%

-242 bps

  • MEVACO (9M:22 results): Net cash €3.95mn.

MEVACO

2021

2022

Y-o-Y

2021

2022

Y-o-Y

EUR thous.

9M

9M

(%)

Q3

Q3

(%)

Sales

17,058

32,341

89.6%

7,171

15,157

111.4%

EBITDA

2,074

3,456

66.6%

820

1,367

66.7%

EBITDA Mrg

12.2%

10.7%

-147 bps

11.4%

9.0%

-242 bps

EBIT

1,533

2,902

89.3%

EBIT Mrg

9.0%

9.0%

-1 bps

 


  • ΙΣΤΟΡΙΚΑ ΣΤΟΙΧΕΙΑ ΜΕΤΟΧΗΣ- ΓΕΚΤΕΡΝΑ
Διάστημα ΜΙΝ ΜΑΧ Μετ. %
7 ημερών 9,150 9,860 -5,49
30 ημερών 9,150 9,960 -2,93
3 μηνών 8,260 9,960 -3,53
6 μηνών 8,260 10,600 -6,16
12 μηνών 7,980 10,600 -5,20
  • ΙΣΤΟΡΙΚΑ ΣΤΟΙΧΕΙΑ ΜΕΤΟΧΗΣ- SPACE
Διάστημα MIN ΜAX Μετ. %
7 ημερών 6,220 6,520 -5,45
30 ημερών 6,220 6,640 -4,29
3 μηνών 6,220 7,500 -16,80
6 μηνών 6,220 9,140 -29,09
12 μηνών 6,220 10,800 -30,67
  • ΙΣΤΟΡΙΚΑ ΣΤΟΙΧΕΙΑ ΜΕΤΟΧΗΣ – MEVACO
Διάστημα MIN ΜAX Μετ. %
7 ημερών 2,520 2,620 -5,26
30 ημερών 2,480 2,680 -3,08
3 μηνών 1,990 2,860 20,00
6 μηνών 1,990 2,860 12,35
12 μηνών 1,843 2,860 11,38
  • AYTH THN ΩΡΑ@13:05