In H1 Unior Group witnessed a rise in sales of 31.82%, an increase in EBITDA of 69.27% and a net profit of EUR 6.4m.

In H1 of 2021, Unior Group recorded EUR 122m in sales revenue, which amounts to an increase of 31.82% YoY (or EUR 29.5m). This growth is a result of an increase in net sales revenue in foreign markets of 37.85% YoY (or EUR 29.7m). All of three programs (Forge, Hand Tools and Special Machines) noted a boost in sale revenue. Most notably, the Forge program recorded an increase of 67.18% YoY (or EUR 24.8m).

Unior Sales ( H1 2019 H1 2020 H1 2021 ) (EUR m)

When observing the operating expenses, they amounted to EUR 111.2m, representing an increase of 22.5%. The mentioned increase could mostly be attributed to the rise in material and services costs by EUR 19.1m (+33.8% YoY) due to increas in material prices.

EBITDA of the Group rose by EUR 6.1m (or 69.27%) in comparison to H1 2020 and reached value of EUR 15m. Meanwhile, the Group’s EBITDA margin improved to 12.3% (+2.7 p.p. YoY).

Unior Performance ( H1 2019 H1 2020 H1 2021 )

Following last year’s H1 net loss of EUR 2.7m, Unior Group recorded a net profit of EUR 6.4m. Such a result indicated a profit margin of 5.2%.

It is noteworthy that in H1 2021, Unior Group made investments in new fixed assets of EUR 4.9m. The EUR 1.2m was invested in the modernization of production facilities and EUR 3.7m was invested in new equipment to increase and modernize production facilities.