In Q1 the Group recorded an increase in sales of 12.3%, an increase in EBITDA of 6.6% and a net profit of EUR 3.9m.
In Q1 of 2021, Unior Group achieved EUR 63.1m in net sales revenues, representing an increase of 12.3% YoY (or EUR 6.9m). The increase could somewhat be attributed to a lower base effect as in mid-March 2020 order balance fell sharply.
In the Hand tools program, the Group is facing a record volume of orders, which is a result of the growth of the segment of specialist hand tools and sales to newly acquired customers in recent years. The Covid-19 pandemic still has an impact on the operation of the Mechanical Engineering program, where there is currently a shortage of new orders, as buyers are more careful when ordering new investment equipment.
EBITDA of the Group reached EUR 8.8m, representing an increase of 6.6% YoY (or EUR 0.5m).
Meanwhile, in the first three months of this year, the Group recorded a net profit of EUR 3.9m,representing an increase of 45.6% YoY.
Following the publication of Q1 results, the company’s share, which tends to be illiquid noted the highest turnover on LJSE of EUR 884.9k. To put things into a perspective, this is slightly lower (EUR 94k) than the entire turnover recorded in 2021.