(Teleborsa) – The board of directors of The Great Travels, an Italian company active in the tourism sector and listed on the MTA, approved the results of the 9 months of the fiscal year (as of July 31, 2021). The sales was 12.37 million euros, down by about 35% compared to 19.13 million euros in the corresponding period of 2020. The decrease – underlines the company – “is due to the freeze on sales in the first quarter of 2020 / 2021, compared to the same period of the previous year, where all the business sectors of the group were operational “.
L’EBITDA it was negative for 3.5 million euros, an improvement compared to the -4.2 million euros of July 31, 2020, mainly due to the containment of fixed costs. The Net income consolidated for the period, negative for 6.7 million euros, recorded an improvement compared to the same period of the previous year (-7.6 million euros in 2020).
As of July 31, 2021 the liquid assets of the group amounts to 27.71 million euros; the short-term net financial position is positive for 25.78 million euros, while the medium-long term is negative for 5.89 million euros, with a overall net financial position positive of 19.89 million euros.