High EBIT Margin Confirms Operational Excellence in a Slowly Recovering Market

Highlights First Half Year 2021

• Due to the prolonged impact of Covid-19 in markets world-wide, revenue decreased from 130.1 million euro in H01 2020 to 124.3 million euro in H01 2021, a decrease of 4.5%.
• Operating profit (EBIT) for the first six months of 2021 amounts to 10.2 million euro compared to 2.4 million euro in the same time period in 2020:
  • The EBIT is positively affected by government support received in several countries in the total amount of 1.8 million euro.
  • The Group took measures to decrease the cost base in swift reaction to drastic changes in market conditions in 2020.
• Cash flow from operations (EBITDA) for the first half-year of 2021 amounts to 14.1 million euro, a 57.0% increase over the previous year.
• In 2021, net income attributable to shareholders amounts to 6.9 million euro (Earnings per Share of 0.9 euro) compared to 1.5 million euro last year (Earnings per Share of 0.2 euro).
• The Group reports a 2021 net financial cash position of 25.9 million euro (including 8.0 million euro leasing debt) compared to 28.3 million euro at year-end 2020.
• On March 26, 2021, the JENSEN-GROUP increased its shareholding in Inwatec ApS from 30% to 70%.