Space Hellas SA: Press release Space Hellas first half 2021 financial results

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Press release

Espace Hellas press office

Phone. : 210 6504293, e-mail:[email protected]

09/30/2021

Space Hellas continued its run in growth rate in the first half of 2021

with an increase in turnover of 9.74%.

An increase of 9.74% was presented in the consolidated sales of Space Hellas in the first half of 2021 and increased to 36.3 million euros, compared to 33.04 million euros for the same period in 2020.

Gross margin amounted to 8.24 million euros in the first half of 2021 against 7.08 million euros in 2020, while EBITDA closed at 3.3 million euros against 2.9 million euros. euros during the corresponding period of 2020. This increase reflects the continued increase in the Group’s market. part, due to its significant participation in public digitization projects currently being implemented, as well as the simultaneous maintenance of costs at fixed levels. Pre-tax income amounted to € 1,305,000 in the first half of 2021 compared to € 1,062,000 in 2020, showing an increase of 22.8%. Finally, the result after tax amounts to € 1,063,000 compared to € 640,000 over the corresponding period of 2020, showing an increase of 66%.

Cash flow from operating activities is negative at 20,427 thousand euros, characteristic of Space Hellas’ semesters, because there is a reimbursement of significant costs related to third party services at the start of each year. The additional charge on operating cash flows for this year comes from both the increase in the Group’s turnover, complex public projects over a longer completion period, as well as the Group’s effort to maintain the prices of products and services at a fixed level, in an environment of delivery delays, but also of increasing transport costs throughout the world.

Cash flow from investing activities amounted to -12,259 thousand euros, due to the particularly strong investing activity of the company with acquisitions of new companies and investments in new technological sectors . The strategic investment in SingularLogic took place in January 2021, with the Group’s strategic plan being completed in July 2021. Accordingly, the full financial results of this significant investment will be reflected in aggregate in the annual financial statements for 2021.

The financing needs both for the operation and for the Group’s investment activities were covered by the increase in borrowings (financial flows of 11,779 thousand euros) and cash resources. Maintaining the necessary liquidity confirms the Group’s accessibility to financial assets, with a major focus on carrying out its investment plan.

For the parent company, revenue closed at 35.2 million euros in the first half of 2021, against 31.7 million euros in 2020, showing an increase of 11.1% while the result before tax , financial, investments and depreciation (EBITDA) amounted to € 3.03 million compared to € 2.4 million for the same period of 2020. Finally, the pre-tax income of the parent company reached 1.55 million euros in the first half of 2021 compared to 1.24 million euros in 2020 showing an increase of 25%, and the corresponding results after tax amounted to 1,399 K € compared to 950 K €, an increase of 47, 2%.

Referring to the progress of the Group, CEO of Space Hellas, Dr Ioannis Mertzanis declared: “The growth prospects of the Greek economy following international developments mark a new era for the IT, digital communications and security market, where Space Hellas Group operates. The spread of Covid-19The pandemic has given a significant boost to the digital transformation of many organizations and companies in the private and public sectors and created new data

Space Hellas SA

Telecommunications, informatics, security systems and services – Private company for the provision of security services

312 avenue Messogion, 153 41 Ag. Paraskevi, Athens, Greece – General commercial registration number: 375501000

ISO27001 Classification: Public

Press release

Espace Hellas press office

Phone. : 210 6504293, e-mail:[email protected]

in the daily life of citizens and in particular in their transactions with the State and businesses. On the basis of current projects, but also calls for tenders under evaluation, the management of the Space Hellas group considers the continuation of the positive and evolving course for 2021 and is stepping up the effort to claim several of the projects that have been announced for the coming years, in the areas in which it operates and has great expertise. The first half of 2021 is an important stage for the expansion of the activities of the Space Hellas group in the field of software, with a key focus on acquisitions, but also on participations in new companies. The conditions for significant synergies are also created to allow Space Hellas to expand the Group’s market share in the field of small, medium and large companies as well as in significant projects in the Public Sector ”

Space Hellas SA

Telecommunications, informatics, security systems and services – Private company for the provision of security services

312 avenue Messogion, 153 41 Ag. Paraskevi, Athens, Greece – General commercial registration number: 375501000

ISO27001 Classification: Public


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