Grupo Prim increases its sales by 27% and its Ebitda by 2.6% in the first quarter

MADRID, 18 May.

Grupo Prim increases its sales by 27% and its Ebitda by 2.6% in the first quarter

MADRID, 18 May. (EUROPA PRESS) -

Grupo Prim reached a turnover of 47 million euros during the first quarter of this year, which is 27% more than the same period in 2021, while the gross operating result (Ebitda) grew by 2.6% , up to 5.48 million euros.

Between January and March, recurring business increased by more than 13% in line with forecasts for the year, as reported by the firm, which specified that Covid-19 test sales and businesses acquired in the second quarter of 2021 and in the first quarter of 2022 they have contributed more than 5 million euros.

The Ebitda of the recurring business grew by 17.6%, although this data has been penalized by: 0.47 million of atypical acquisition expenses and expenses related to the implementation of a new ERP and 0.9 million of commercial expenses that in 2021 they were not given due to the confinement situation generated by the pandemic.

Recurring net profit, meanwhile, amounted to 3.1 million during the first quarter of this year, 2.4% higher than the same period a year earlier after adjusting for the non-recurring effect of derivatives in 2021.

Likewise, the operating profit of the recurring business was 14% higher than that of the same period in 2021, reaching 3.8 million euros.

The profit before taxes of the recurring business, for its part, reached 4.8 million euros, with an increase of almost 11% compared to the first quarter of 2021, excluding the effect of currency derivatives, which represented an income non-recurring of almost four million euros in the first quarter of 2021.


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