Market announcement
AS Harju Elekter Group
LEI code
5299009GM96I0NYKWS93
Size of the entity
Large group
Economic activities
Real Estate Activities
Industry sector(s)
Credit rating agency
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
9122
Attachments
Submission date and time
27.10.2021 08:00:00
Content of announcement in Estonian
Title
Harju Elekter kontserni konsolideeritud majandustulemused, 1-9/2021
Message
Harju Elektri kolmas kvartal näitas müügimahtude ja tellimuste taastumist, kuid täiskäigul töötamist pidurdas maailmas leviv tooraine defitsiit. Määramatus kallinenud tooraine tarnimisel toob kaasa pideva ümberplaneerimise vajaduse, mis on ebatõhus ja kulukas. See avaldab mõju kontserni majandustulemustele ja kasumlikkusele. Harju Elekter jätkab investeeringutega, et väljuda kriisist tugevamana, kui sinna sisenedes. Äritegevuse laiendamise eesmärgil otsustati investeerida Rootsi uutesse tehastesse. Kontsern näeb Rootsis turupotentsiaali ning investeeringud aitavad suurendada Rootsi ettevõtte konkurentsivõimet erinevates tegevusvaldkondades. Harju Elekter pingutab selle nimel, et saada oluliseks tegijaks Rootsi elektrifitseerimise ja automaatikaturul. Müügitulu, kulud ja kasum Kontserni kolmanda kvartali müügitulu oli 42,2 (2020 III kv: 37,4) miljonit eurot, kasvades võrreldava perioodi suhtes 12,9%. Aruandekvartali müügitulu suurenes kõikides tegevusalades ning peamise osa andis elektriseadmete müük, olles 35,2 (2020 III kv: 31,7) miljonit eurot. Põhjuseks on eelkõige raamlepingute tellimuste mahu suurenemine. Üheksa kuu müügitulu vähenes võrreldava perioodi suhtes 2,0% ehk 109,2 (2020 9k: 111,4) miljoni euroni. Kõige enam vähenes elektriseadmete tootmine ja müük, olles kokkuvõttes 91,0 (2020 9k: 95,0) miljonit eurot. Samal ajal laevaehitussektori elektritööde müügitulu kasvas üheksa kuu võrdluses 1,4 miljoni euro võrra 4,3 miljoni euroni. Tellimuste täitmine sõltub olulisel määral ülemaailmsest olukorrast, kus materjalide ja komponentide kättesaadavus on märgatavalt raskendatud. ------------------------------------------------------------------------------ EUR'000 III kv III kv +/- 9 kuud 9 kuud +/- 2021 2020 kv/kv 2021 2020 9k/9k ------------------------------------------------------------------------------ Müügitulu 42 168 37 360 12,9% 109 195 111 372 -2,0% Brutokasum 5 026 5 234 -4,0% 13 177 15 625 -15,7% Ärikasum enne kulumit (EBITDA) 2 158 2 913 -25,9% 5 281 7 939 -33,5% Ärikasum (EBIT) 1 183 2 002 -40,9% 2 350 5 211 -54,9% Perioodi puhaskasum 931 1 694 -45,0% 1 716 4 369 -60,7% sh emaettevõtte omanike osa 915 1 691 -45,9% 1 710 4 398 -61,1% Puhaskasum aktsia kohta (eurot) 0,05 0,10 -46,5% 0,10 0,25 -61,3% ------------------------------------------------------------------------------ Aruandekvartali äritegevuse kulud olid kokku 41,0 (2020 III kv: 35,5) miljonit eurot. Müüdud toodete ja teenuste kulud, mis moodustasid äritegevuskuludest 89,7%, olid 37,1 (2020 III kv: 32,1) miljonit eurot. Tööjõukulud kvartalite ja üheksa kuu võrdluses kasvasid, olles vastavalt 7,3 (2020 III kv: 6,6) ja 22,3 (2020 9k: 20,0) miljonit eurot. Valdava osa tööjõukulude kasvust andis uue personali palkamine. Lisaks mõjutas tööjõukulusid lisatööde suurenemine ja pidev valmisolek tootmistsükli jätkamiseks. Tööjõukulude ja keskmise töötasu kasvu mõjutab kõikidel turgudel tööjõupuudusest tingitud palgasurve ning Soome ja Rootsi töötajate osakaalu tõus kontsernis, sest Skandinaavia riikides on palgatase märgatavalt kõrgem kui Eestis ja Leedus. Aruandekvartali brutokasum oli 5 026 (2020 III kv: 5 234) tuhat eurot ja brutokasumi marginaaliks kujunes 11,9% (2020 III kv: 14,0%). Ärikasum (EBIT) oli 1 183 (2020 III kv: 2 002) tuhat eurot. Kolmanda kvartali ärirentaabluseks kujunes 2,8% (2020 III kv: 5,4%). Aruandekvartali puhaskasum oli 931 (2020 III kv: 1 694) tuhat eurot, millest emaettevõtte omanike osa moodustas 915 (2020 III kv: 1 691) tuhat eurot. Puhaskasum aktsia kohta oli kolmandas kvartalis 0,05 (2020 III kv: 0,10) eurot. Kui möödunud kvartalites oli probleeme lehtmetalli defitsiidi ja hinnatõusuga, siis aruandekvartalis lisandus elektrienergia kallinemine ning mitmete muude materjalide ja põhikomponentide tarneraskused ja hinnatõusu surve. Kasumlikkust mõjutasid ka uute erialaspetsialistide palkamisest tingitud tööjõukulude suurenemine. Põhitegevusala ja turud Kontserni põhitegevusala, tootmine, moodustas kontserni müügitulust nii aruandekvartalis kui ka üheksa kuuga 87,7%. Eelnevate kvartalite tellimuste edasilükkumine kolmandasse kvartalisse kasvatas tootmissegmendi müügitulu kvartalite võrdluses 4,9 miljoni euro võrra 37,0 miljoni euroni. Üheksa kuu võrdluses jäi aga tootmissegmendi müügitulu samale tasemele, olles 95,8 (2020 9k: 95,3) miljonit eurot. Müük Eesti turule jäi aruandekvartalis praktiliselt samale tasemele, olles 7,5 (2020 KV3: 7,6) miljonit eurot. Müük Eesti turule on üheksa kuu võrdluses kasvanud 2,5 miljoni euro võrra 19,5 miljoni euroni, moodustades üheksa kuu müügitulust 17,8% (2020 9k: 15,3%). Eesti turu müügitulu teeniti valdavalt tehasetooteliste komplektalajaamade tootmisest ning elektrikaupade projekti- ja jaemüügist. Kontserni müügitulu Soome oli aruandekvartalis 20,0 miljonit eurot. See on 3,6 miljoni euro võrra rohkem kui eelneval aastal ning kolmandate kvartalite võrdluses Soome turul ajalooliselt rekordiline tulemus. Valdava osa müügimahust moodustas toodangu müük Soome elektrivõrguettevõtetele. Üheksa kuu võrdluses jäi Soome turu müügitulu alla eelneva perioodi näitajatele, olles 53,0 (2020 9k: 54,9) miljonit eurot. Seda mõjutas enim tellimuste vähenemine seoses lumerohke ja külma talvega, uute pikaajaliste raamlepingute tellimustega alustamine, kuid ka mõningased tarneraskused ja materjali defitsiit. Kontserni suurimale turule Soome müüdi üheksa kuu jooksul 48,6% (2020 9k: 49,3%) kontserni toodetest ja teenustest. Rootsi turult teenitud müügitulu oli nii aruandekvartalite kui ka üheksa kuu võrdluses mõningases languses, olles vastavalt 5,8 (2020 III kv: 6,6) ja 17,2 (2020 9k: 17,5) miljonit eurot. Alustatud on uute raamlepingute alajaamade tootmisega ning tarnetega. Rootsi, kontserni suuruselt kolmas turg, moodustas üheksa kuu müügitulust 15,8% (2020 9k: 15,7%). Kontsern näeb Rootsis turupotentsiaali ja teeb investeeringuid müügitulu kasvatamiseks. Müük Norra turule on tasapisi taastumas. Kolmandas kvartalis müüdi Norra turule 5,1 (2020 III kv: 4,2) miljoni euro väärtuses kontserni tooteid ja teenuseid. Üheksa kuuga teeniti Norra turult 9,0 miljonit eurot, mis oli 5,0 miljoni euro võrra vähem kui eelneva aasta samal perioodil. Müügitulu vähenemine oli tingitud rekordiliselt suurtest tellimustest võrdlusperioodil, samuti laevandusektor tellimusmahtude taastumise aeglasest tempost. Norra turg moodustas üheksa kuu müügitulust 8,2% (2020 9k: 12,5%). Investeeringud Harju Elekter investeeris aruandeperioodil põhivarasse kokku 5,0 (2020 9k: 4,1) miljonit eurot, sealhulgas kinnisvarainvesteeringutesse 0,5 (2020 9k: 2,1) miljonit eurot, materiaalsesse põhivarasse 4,0 (2020 9k: 1,8) miljonit eurot ja immateriaalsesse põhivarasse 0,5 (2020 9k: 0,2) miljonit eurot. Valdav osa aruandeperioodi investeeringutest, 2,5 miljonit eurot, suunati Leedu tütarettevõtte tootmis- ja büroohoone neljanda etapi laiendusse. Investeeringu kogumaksumus oli 5,5 miljonit eurot. Lisaks alustati Allika Tööstuspargi tootmis- ja laoruumide kompleksi Laohotell III ehituse ettevalmistustega ning investeeriti tootmistehnoloogilisse põhivarasse ning päikeseelektrijaamadesse. Aruandekuupäeva seisuga oli kontserni pikaajaliste finantsinvesteeringute väärtus kokku 21,3 (31.12.20: 11,9) miljonit eurot. Aktsia Ettevõtte aktsia sulgus aruandekvartali viimasel kauplemispäeval Nasdaq Tallinna börsil 7,98 euro tasemel. AS Harju Elektril oli 30.09.2021 seisuga 8939 aktsionäri. Aruandekvartali jooksul suurenes aktsionäride arv 986 võrra. AS-i Harju Elekter töötajate optsiooniprogrammi raames emiteeriti täiendavalt 278 675 aktsiat ning alates 2. augustist 2021 kaubeldakse kokku 18 018 555 AS-i Harju Elekter aktsiaga. KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE Auditeerimata ---------------------------------------------------------------------- EUR'000 30.09.2021 31.12.2020 ---------------------------------------------------------------------- VARAD Käibevarad Raha ja raha ekvivalendid 997 2 843 Nõuded ostjatele ja muud nõuded 32 467 27 226 Ettemaksed 1 601 820 Varud 26 150 18 856 Käibevara kokku 61 215 49 745 ---------------------------------------------------------------------- Põhivara Edasilükkunud tulumaksu vara 572 514 Pikaajalised finantsinvesteeringud 21 321 11 918 Kinnisvarainvesteeringud 23 369 23 605 Materiaalne põhivara 24 750 22 494 Immateriaalne põhivara 7 467 7 199 Põhivara kokku 77 479 65 730 ---------------------------------------------------------------------- VARAD KOKKU 138 694 115 475 ---------------------------------------------------------------------- KOHUSTUSED JA OMAKAPITAL Kohustused Võlakohustused 12 585 12 056 Ostjate ettemaksed 4 958 4 182 Võlad tarnijatele ja muud võlad 23 830 15 837 Maksuvõlad 2 870 2 871 Lühiajalised eraldised 93 34 Lühiajalised kohustused kokku 44 336 34 980 ---------------------------------------------------------------------- Võlakohustused 12 252 7 032 Muud pikaajalised kohustused 63 66 Pikaajalised kohustused kokku 12 315 7 098 ---------------------------------------------------------------------- KOHUSTUSED KOKKU 56 651 42 078 ---------------------------------------------------------------------- Omakapital Aktsiakapital 11 352 11 176 Ülekurss 1 601 804 Reservid 14 807 6 709 Jaotamata kasum 54 427 54 858 Emaettevõtte omanikele kuuluv omakapital kokku 82 187 73 547 Mittekontrolliv osalus -144 -150 Omakapital kokku 82 043 73 397 ---------------------------------------------------------------------- KOHUSTUSED JA OMAKAPITAL KOKKU 138 694 115 475 ---------------------------------------------------------------------- KONSOLIDEERITUD KASUMIARUANNE Auditeerimata -------------------------------------------------------------------------- EUR'000 III kv III kv 9 kuud 9 kuud 2021 2020 2021 2020 -------------------------------------------------------------------------- Müügitulu 42 168 37 360 109 195 111 372 Müüdud toodete ja teenuste kulud -37 142 -32 126 -96 018 -95 747 Brutokasum 5 026 5 234 13 177 15 625 Turustuskulud -1 469 -1 150 -3 999 -3 639 Üldhalduskulud -2 393 -2 225 -7 048 -7 119 Muud äritulud 39 167 400 494 Muud ärikulud -20 -24 -180 -150 Ärikasum 1 183 2 002 2 350 5 211 Finantstulud 3 8 71 116 Finantskulud -95 -122 -252 -269 Kasum enne maksustamist 1 091 1 888 2 169 5 058 Tulumaks -160 -194 -453 -689 Perioodi puhaskasum 931 1 694 1 716 4 369 -------------------------------------------------------------------------- Puhaskasumi jaotus Emaettevõtte omanike osa puhaskasumist 915 1 691 1 710 4 398 Mitte-kontrolliv osa puhaskasumist 16 3 10 -29 -------------------------------------------------------------------------- Puhaskasum aktsia kohta Tavapuhaskasum aktsia kohta (EUR) 0,05 0,10 0,10 0,25 Lahustatud puhaskasum aktsia kohta (EUR) 0,05 0,10 0,10 0,25 -------------------------------------------------------------------------- KONSOLIDEERITUD KOONDKASUMIARUANNE Auditeerimata ---------------------------------------------------------------------------- EUR'000 III kv III kv 9 kuud 9 kuud 2021 2020 2021 2020 ---------------------------------------------------------------------------- Perioodi puhaskasum 931 1 694 1 716 4 369 Muu koondkasum (-kahjum) Kirjed, mis hiljem võib klassifitseerida kasumiaruandesse Valuutakursi vahed välisettevõtte ümberarvestusel -8 -2 -13 -16 Kirjed, mida hiljem ei klassifitseerita kasumiaruandesse Realiseerunud kasum finantsvara müügist 0 0 265 80 Finantsvara ümberhindluse netokasum/netokahjum (-) 49 98 8 369 -747 Perioodi muu koondkasum (-kahjum) kokku 41 96 8 621 -683 Perioodi koondkasum (-kahjum) kokku 972 1 790 10 337 3 686 ---------------------------------------------------------------------------- Koondkasumi jaotus: Emaettevõtte omanike osa puhaskasumist 956 1 787 10 331 3 715 Mitte-kontrolliv osa puhaskasumist 16 3 6 -29 ---------------------------------------------------------------------------- Tiit Atso Juhatuse esimees Tel 674 7400
Content of announcement in English
Title
Harju Elekter Group consolidated financial results, 1-9/2021
Message
Harju Elekter's last quarter showed a strong recovery in sales volumes and
orders, but full operation was held back by the global shortage of raw
materials. Uncertainty in the supply of raw materials that have become more
expensive leads to the need for constant rescheduling, which is inefficient and
costly. This has an impact on the Group's financial results and profitability.
Harju Elekter continues with investments to come out of the crisis stronger than
when we entered it. In order to expand the business, Harju Elekter decided to
invest in new factories in Sweden. The Group sees market potential in Sweden and
investments help to increase the competitiveness of our Swedish company in
different business areas. Harju Elekter is deeply engaged in becoming a major
player in the Swedish electrification and automation market.
Revenue, Expenses, and Profit
The revenue of the Group was 42.2 (Q3 2020: 37.4) million euros in the third
quarter, increasing by 12.9% compared to the comparable period. In the reporting
quarter revenue increased in all areas of business activity, but the main
contribution came from the sale of electrical equipment, which was 35.2 (Q3
2020: 31.7) million euros. This is mainly due to the increase in the volume of
orders in the framework contracts. The revenue for the nine months decreased by
2.0% to 109.2 (9M 2020: 111.4) million euros compared to the comparable period.
The manufacturing and sale of electrical equipment decreased the most, amounting
to 91.0 (2020 9m: 95.0) million euros. At the same time, the revenue from the
electrical works in the shipbuilding sector increased by 1.4 million to 4.3
million euros in a nine-month comparison. Fulfilling orders depends to a large
extent on the global situation, where the availability of materials and
components has deteriorated.
-------------------------------------------------------------------------------
EUR'000 Q3 Q3 +/- 9m 9m +/-
2021 2020 Q3/Q3 2021 2020 9m/9m
-------------------------------------------------------------------------------
Revenue 42,168 37,360 12.9% 109,195 111,372 -2.0%
Gross profit 5,026 5,234 -4.0% 13,177 15,625 -15.7%
EBITDA 2,158 2,913 -25.9% 5,281 7,939 -33.5%
EBIT 1,183 2,002 -40.9% 2,350 5,211 -54.9%
Profit for the period 931 1,694 -45.0% 1,716 4,369 -60.7%
Incl. attributable to owners of
the parent company 915 1,691 -45.9% 1,710 4,398 -61.1%
Earnings per share (euros) 0.05 0.10 -46.5% 0.10 0.25 -61.3%
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The total operating expenses for the reporting quarter were 41.0 (Q3
2020: 35.5) million euros. Costs of sales, which accounted for 89.7% of
operating expenses, was 37.1 (Q3 2020: 32.1) million euros. Labour costs
increased with quarterly and nine-year comparison, amounting to 7.3 (Q3
2020: 6.6) and 22.3 (9M 2020: 20.0) million euros, respectively. Labour costs
were impacted by the hiring of new staff, by the increase in additional work,
and by the constant readiness to continue the production cycle. The increase in
labour costs and average wages is affected by wage pressures due to workforce
shortages in all markets and by the rising share of Finnish and Swedish
employees in the Group, as wages in Scandinavian countries are significantly
higher than in Estonia and Lithuania.
The gross profit for the reporting quarter was 5,026 (Q3 2020: 5,234) thousand
euros and the gross profit margin was 11.9% (Q3 2020: 14.0%). Quarterly
operating profit (EBIT) amounted to 1,183 (Q3 2020: 2,002) thousand euros. The
operating margin for the second quarter was 2.8% (Q3 2020: 5.4%).
The net profit for the reporting quarter was 931 (Q3 2020: 1,694) thousand euros
of which the share of the owners of the parent company was 915 (Q3 2020: 1,691)
thousand euros. The earnings per share were 0.05 (Q3 2020: 0.10) euros. While in
the previous quarters there were problems with the sheet metal deficit and price
increase, then in the reporting quarter the price of electricity increased and
the supply difficulties of several other materials and main components and the
pressure of rising price increased. Profitability was also affected by higher
labour costs due to the hiring of new specialists.
Core Business and Markets
The Group's core business, Production, accounted for 87.7% of the Group's
revenue in the reporting quarter as well as in the nine months. Postponement of
orders from previous quarters to the third quarter increased the Production
segment's revenue year-on-year by 4.9 million euros to 37.0 million euros. In a
nine-month comparison, the revenue of the Production segment remained at the
same level, being 95.8 (9M 2020: 95.3) million euros.
Sales to the Estonian market remained practically at the same level in the
reporting quarter, totalling 7.5 (Q3 2020:7.6) million euros in a year-on-year
comparison. The revenue increased by 2.5 million euros to 19.5 million euros in
nine-month comparison, accounting for 17.8% (9M 2020: 15.3%) of the Group
revenue. Revenue was mainly earned from the production of prefabricated
substations and retail and project-based sale of electrical products.
The Group's revenue in Finland was 20.0 million euros in the reporting quarter.
This is 3.6 million euros more than in the previous year and a historically a
record result in the Finnish market when comparing third quarters. Production of
the Finnish power grid companies comprised the greater part of the sales volume.
In a nine-month comparison, the revenue of the Finnish market was lower than in
the previous period, being 53.0 (9M 2020: 54.9) million euros. This was mostly
affected by the decrease in orders caused by the snowy and cold winter,
commencing with new long-term orders, but also some supply difficulties and
shortage in materials. During the nine months, 48.6% (9M 2020: 49.3%) of the
Group's products and services were sold to the Group's largest market, Finland.
The revenue earned from the Swedish market decreased slightly compared to both
the reporting quarters and the nine months, amounting 5.8 (Q3 2020: 6.6) and
17.2 (Q3 2020: 17.5) million euros, respectively. The production and supply of
substations for new framework contracts has been started. Sweden, the third
largest market in the Group, accounted for 15.8% (9M 2020: 15.7%) of revenue in
the nine months. The Group sees market potential in Sweden and is making
investments to increase the revenue.
Sales to the Norway market are gradually recovering. In the third quarter, the
Group sold products and services worth 5.1 (Q3 2020: 4.2) million euros to the
Norwegian market. During the nine months, 9.0 million euros were earned from the
Norwegian market, which was 5.0 million euros less than in the same period of
the previous year. The decrease in Norwegian revenue was due to record high
orders in the reference period, as well as the slow pace of recovery in the
maritime industry. The Norwegian market accounted for 8.2% (9M 2020: 12.5%) of
the nine-month revenue.
Investments
During the reporting period, the Group invested a total of 5.0 (9M 2020: 4.1)
million euros in non-current assets, incl 0.5 (9M 2020: 2.1) million euros in
investment properties, 4.0 (9M 2020: 1.8) million euros in property, plant, and
equipment and 0.5 (9M 2020: 0.2) million euros in intangible assets. The Group
directed the majority of the investments during the reporting period, i.e.
2.5 million euros, to the fourth phase of expansion of the Lithuanian
subsidiary. The total cost of the investment was 5.5 million euros. In addition,
Harju Elekter launched the preparations for the construction of the production
and storage complex in the Allika Industrial Park, Laohotell III, and made
investments in production technology and in solar power plants. As of the
reporting date, the total value of the Group's non-current financial investments
was 21.3 (31.12.20: 11.9) million euros.
Share
The company's share price on the last trading day of the reporting quarter on
the Nasdaq Tallinn Stock Exchange closed at 7.98 euros. As at 30 September
2021, AS Harju Elekter had 8,939 shareholders. The number of shareholders
increased during the reporting quarter by 986.
Additional 278,675 shares were issued under the framework of the stock option
plan for the employees of Harju Elekter and as of 2 August 2021, a total of
18,018,555 shares of AS Harju Elekter are traded.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Unaudited
----------------------------------------------------------------------------
30 September
EUR'000 2021 31 December 2020
ASSETS
Current assets
Cash and cash equivalents 997 2,843
Trade and other receivables 32,467 27,226
Prepayments 1,601 820
Inventories 26,150 18,856
Total current assets 61,215 49,745
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Non-current assets
Deferred income tax assets 572 514
Non-current financial investments 21,321 11,918
Investment properties 23,369 23,605
Property. plant and equipment 24,750 22,494
Intangible assets 7,467 7,199
Total non-current assets 77,479 65,730
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TOTAL ASSETS 138,694 115,475
LIABILITIES AND EQUITY
Liabilities
Borrowings 12,585 12,056
Prepayments from customers 4,958 4,182
Trade and other payables 23,830 15,837
Tax liabilities 2,870 2,871
Current provisions 93 34
Total current liabilities 44,336 34,980
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Borrowings 12,252 7,032
Other non-current liabilities 63 66
----------------------------------------------------------------------------
Total non-current liabilities 12,315 7,098
----------------------------------------------------------------------------
TOTAL LIABILITIES 56,651 42,078
----------------------------------------------------------------------------
Equity
Share capital 11,352 11,176
Share premium 1,601 804
Reserves 14,807 6,709
Retained earnings 54,427 54,858
Total equity attributable to the owners of
the parent company 82,187 73,547
Non-controlling interests -144 -150
Total equity 82,043 73,397
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TOTAL LIABILITIES AND EQUITY 138,694 115,475
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CONSOLIDATED STATEMENT OF PROFIT AND LOSS
Unaudited
---------------------------------------------------------------------------
EUR'000 Q3 Q3 9m 9m
2021 2020 2021 2020
---------------------------------------------------------------------------
Revenue 42,168 37,360 109,195 111,372
Cost of sales -37,142 -32,126 -96,018 -95,747
Gross profit 5,026 5,234 13,177 15,625
Distribution costs -1,469 -1,150 -3,999 -3,639
Administrative expenses -2,393 -2,225 -7,048 -7,119
Other income 39 167 400 494
Other expenses -20 -24 -180 -150
Operating profit 1,183 2,002 2,350 5,211
Finance income 3 8 71 116
Finance costs -95 -122 -252 -269
Profit before tax 1,091 1,888 2,169 5,058
Income tax -160 -194 -453 -689
Profit for the period 931 1,694 1,716 4,369
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Profit attributable to:
Owners of the parent company 915 1,691 1,710 4,398
Non-controlling interests 16 3 10 -29
---------------------------------------------------------------------------
Earnings per share
Basic earnings per share (EUR) 0.05 0.10 0.10 0.25
Diluted earnings per share (EUR) 0.05 0.10 0.10 0.25
---------------------------------------------------------------------------
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Unaudited
----------------------------------------------------------------------------
EUR'000 Q3 Q3 9m 9m
2021 2020 2021 2020
----------------------------------------------------------------------------
Profit for the period 931 1,694 1,716 4,369
Other comprehensive income
Items that may be reclassified to profit or loss
Impact of exchange rate changes of a foreign
subsidiaries -8 -2 -13 -16
Items that will not be reclassified to profit or
loss
Gain on sales of financial assets 0 0 265 80
Net gain/loss (-) on revaluation of financial
assets 49 98 8,369 -747
Total comprehensive income for the period 41 96 8,621 -683
Other comprehensive income 972 1,790 10,337 3,686
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Total comprehensive income attributable to:
Owners of the Company 956 1,787 10,331 3,715
Non-controlling interests 16 3 6 -29
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Tiit Atso
Chairman of the Board
+372 674 7400