(Teleborsa) – DRIED closes the first semester with a Adjusted net profit of € 4.6 million, up 21% compared to 3.8 million in the first half of 2020.
I revenues and operating income show a increase of more than 13% to 43.2 million euros from 38.2 million in the first half of 2020. especially for the good performance on the EMNEA and PAC markets (Europe and Asia). The gross margin rose from 18.5 million (48.4% of the related revenues) in the first half of 2020 to 20.1 million (48% of the related revenues) at 30 June 2021, an increase of 8% compared to the first half. of the previous year, incorporating the shortage effect and some components used in the embedded devices made by the company.
Adjusted EBITDA leaps by 25% to 9.3 million euros, while l’adjusted EBIT highlights a 10% increase to 6 million euros at 30 June 2021.
Adjusted net financial debt passes from a net debt of 11.4 million euros at 31 December 2020 to net liquidity of 74.7 million euros at 30 June 2021. This improvement is essentially linked to the increase in the Group’s liquidity, following the he was listed on the stock exchange in May.
“We close the first half with an excellent result, which sees our growth accelerate further and the margins increase more than proportionally”, commented the CEO Massimo Mauri, underlining that in-house production has made it possible to “face the shortage of components with more flexibility” 0 compared to competitors.
On the basis of the order levels recorded during the first months of 2021 (order backlog at 30 June 2021 at over 30 million euros, up by 65% compared to the same date of the previous year), SECO expects a third quarter with revenues and operating income of over 25 millioni, up by 50% compared to the 16.7 million recorded in the same period of 2020. Full-year guidance confirmed.
Finally, the company confirms that it is working to use, through M&A transactions, the liquidity collected during the listing operation (approximately € 100 million).