Travel & Leisure - Travel & Tourism
Company Description
ANEK LINES Group of companies is in the business of operating its own as well as chartered passenger ferry vessels for over 54 years. The group is active in sea routes of Greece and the Adriatic and has achieved sustainable leadership in carrying passengers and vehicles with credibility by means of its 9 owned and chartered state-of-the-art passenger vessels.
Share Chart | ||
180 | 4,000,000 | |
160 | 3,500,000 | |
140 | 3,000,000 | |
120 | ||
2,500,000 | ||
100 | ||
2,000,000 | ||
80 | ||
1,500,000 | ||
60 | ||
40 | 1,000,000 | |
20 | 500,000 | |
0 | 0 | |
Volume | ANEK (KO) | ATHEX General Index |
Share Data | ||
# of shares (CR) | 221,519,681 | |
Price (€): 21/09/2021 (CR) | 0.0735 | |
Capitalization (€ mil.) | 16,282 | |
%Δ since 31/12/2020 (CR) | 77.1% | |
52 wks high €: 17/08/2021 (CR) | 0.0830 | |
52 wks low €: 09/11/2020 (CR) | 0.0310 | |
52 wks avrg. Daily vol # (CR): | 25,465 | |
REUTERS | ANKr.AT | |
BLOOMBERG | ΑΝΕΚ GA | |
ATHEX | ANEK |
Please refer to the important disclosures shown on page 2
IR RELEASE
6Μ 2021
September 2021
Basic Figures
- 54 Years of leading presence
- Fleet of 9 owned and chartered vessels
- Strong brand name in the sector
6M 2021 Consolidated Financial Figures
- During the first six months of 2021 the implementation of extraordinary measures to deal with the spread of the COVID-19 pandemic was continued. The gradual restoration in economic activity led to an improvement in the economic climate and created expectations for economic recovery. In the passenger shipping sector, the restrictions imposed on passengers' transfers continued during the first months of 2021 and were gradually abolished by mid-May, while reduced capacity protocols on vessels continue to apply.
- In the first half of 2021 Group's turnover increased by 5% compared to the first half of 2020 and, in combination with the restraint of operating expenses, resulted in the improvement of the Group's financial results, which would have been higher if there was no increase in fuel costs due to the significant rise in international oil prices.
- By executing 2% less itineraries compared to the first half of 2020, ANEK Group during the first six months of 2021, in all routes operated, has transferred in total 159 thousand passengers over 172 thousand in the comparable period (reduction of 8%), 47 thousand vehicles versus 31 thousand in the first half of 2020 (increase of 51%) and 66 thousand trucks compared to 61 thousand (increase of 8%).
Key Figures (6M 2021 versus 6M 2020): | (Μ €) | 6Μ2020 | 6Μ2021 | |
| Group turnover: €58.181 mil. over €55.377 mil. | |||
Parent company turnover: €51.387 mil. versus €50.232 mil. | ||||
Consolidated cost of sales: €55.636 mil. from €53.913 mil. | Sales | 55.4 | 58.2 | |
Parent company cost of sales: €51.021 mil. instead of €49.987 mil. | ||||
| Group gross profits: €2.545 mil. from €1.464 mil. | Gross Profit | 1.5 | 2.5 |
Parent company gross profits: €0.366 mil. over €0.245 mil. | EBITDA | -2.3 | -0.7 | |
Consolidated EBITDA: losses €0.721 mil. versus losses €2.299 mil. | ||||
Parent company EBITDA: losses €1.617 mil. as opposed to losses €2.380 mil. EBIT | -7.9 | -6.1 | ||
Group net results after taxes and minority rights: losses €12.103 mil. | EBT | -12.6 | -11.5 | |
as opposed to losses €13.163 mil. | ||||
Parent company net results after taxes: losses €11.859 mil. versus | EATAM | -13.2 | -12.1 | |
losses €12.391 mil. | ||||
Strategy - Prospects:
- On September 9, 2021 the annual ordinary General Meeting of the Parent Company was held, which inter alia, elected the new Board of Directors of the Company, which was constituted on September 10, 2021.
- The improvement of the economic climate, the recovery of exports as well as the good course of tourism during the summer period have strengthened the positive prospects for economic recovery and high growth of GDP for 2021. Passenger shipping sector showed an increase in transport work, positive expectations for traffic volumes during the second semester of the year and signs of recovery after the unprecedented loss of transport work and revenues in the previous year. Data for the tourism in the months of July and August are particularly encouraging, and this is also reflected in passenger traffic volumes of the Group. However, the sharp rise in international oil prices compared to 2020 threatens to absorb the benefit of the increased traffic.
Ratios
SALES | EBITDA | EBIT | EAT& MIN | EPS* | P/E | P/BV** | P/ SALES | P/ EBITDA | EV/ EBITDA | BANKS/ | ROE | |
EQUITY | ||||||||||||
(.000 €) | (.000 €) | (.000 €) | (.000 €) | € | x | x | x | x | x | x | % | |
2016 | 157,583 | 25,572 | 16,056 | 634 | 0.0034 | 19.01 | neg | 0.08 | 0.47 | 11.17 | neg | neg |
2017 | 164,749 | 12,777 | 2,340 | 9,810 | 0.0529 | 1.46 | 5.22 | 0.09 | 1.12 | 20.96 | 94.62 | 356.73% |
2018 | 168,235 | 14,618 | 3,586 | -13,842 | -0.0747 | -0.81 | neg | 0.07 | 0.77 | 17.97 | neg | neg |
2019 | 173,891 | 25,638 | 14,679 | 2,577 | 0.0139 | 2.27 | 1.75 | 0.03 | 0.23 | 9.99 | 77.67 | 77.36% |
2020 | 124,452 | 6,867 | -4,422 | -15,066 | -0.0680 | neg | neg | 0.13 | 2.37 | 37.53 | neg | neg |
Ratios are calculated using the closing price of common share
- The ratio is calculated using the number of common shares at the end of each fiscal year
- BV= Total Equity
Page 1
ANEK LINES S.A. | IR Release (September2021) |
Consolidated Financial Results
Statement of Comprehensive Income
(FY:December) | 6M 2017 | 6M 2018 | 6Μ 2019 | 6Μ2020 | 6Μ2021 |
(000 €) | |||||
Turnover (sales) | 65,251 | 72,876 | 72,503 | 55,377 | 58,181 |
Cost of sales | (64,873) | (64,444) | (63,723) | (53,913) | (55,636) |
Gross Profit | 378 | 8,432 | 8,780 | 1,464 | 2,545 |
Other operating income | 608 | 293 | 518 | 625 | 468 |
Other operating expenses | (1,156) | (695) | (331) | (564) | (300) |
Total Gross Profit | (170) | 8,030 | 8,967 | 1,525 | 2,713 |
Administrative & Distribution expenses | (11,132) | (11,787) | (11,469) | (9,397) | (8,825) |
EBITDA | (6,340) | 1,588 | 3,173 | (2,299) | (721) |
Depreciation | (4,962) | (5,345) | (5,675) | (5,573) | (5,391) |
EBIT | (11,302) | (3,757) | (2,502) | (7,872) | (6,112) |
Financial cost (net) | 10,882 | (4,999) | (4,690) | (4,622) | (5,379) |
Results from investing activities | 2,465 | (6) | 99 | 1,856 | (6) |
Profit/(loss) from participation in associates | 55 | 67 | 63 | 37 | 41 |
Other provisions | (2,000) | 0 | |||
EBT | 2,100 | (8,695) | (7,030) | (12,601) | (11,456) |
Income tax | (253) | (313) | (391) | (258) | (231) |
Minority interest | (206) | 70 | 481 | 304 | 416 |
EATAM | 2,053 | (9,078) | (7,902) | (13,163) | (12,103) |
Source: Published Group's Financial Statements |
Statement of Financial Position
(.000 €) | FY 2017 | FY 2018 | FY 2019 | FY 2020 | 6Μ 2021 | ||||
ASSETS | |||||||||
Fixed assets | 271,078 | 284,328 | 276,359 | 267,765 | 267,019 | ||||
Inventories | 2,948 | 3,088 | 3,156 | 2,689 | 3,186 | ||||
Trade receivables | 35,782 | 27,204 | 34,201 | 30,921 | 37,248 | ||||
Other current assets | 12,940 | 15,799 | 17,218 | 17,607 | 20,397 | ||||
TOTAL ASSETS | 322,748 | 330,419 | 330,934 | 318,982 | 327,850 | ||||
EQUITY & LIABILITIES | |||||||||
Long-term liabilities | 262,505 | 25,563 | 19,371 | 17,534 | 18,220 | ||||
Short-term loans | 17,489 | 256,134 | 258,708 | 252,862 | 255,288 | ||||
Other short-term liabilities | 40,004 | 57,591 | 49,524 | 49,521 | 67,259 | ||||
Total liabilities | 319,998 | 339,288 | 327,603 | 319,918 | 340,767 | ||||
Share Capital | 56,597 | 56,597 | 56,597 | 67,440 | 67,440 | ||||
Other Company's shareholders equity | -56,742 | -72,635 | -65,804 | -81,509 | -93,585 | ||||
Total Company's shareholders equity | -145 | -16,038 | -9,207 | -14,069 | -26,145 | ||||
Minority rights | 2,895 | 7,169 | 12,538 | 13,134 | 13,228 | ||||
Total Equity | 2,750 | -8,869 | 3,331 | -935 | -12,917 | ||||
TOTAL EQUITY & LIABILITIES | 322,748 | 330,419 | 330,934 | 318,982 | 327,850 | ||||
Source: Published Group's Financial Statements |
Sales Breakdown
6M 2021
Per geographical region
7.9%
29.7%
62.4%
Domestic
Abroad
Other activities
Semi annual sales
Contact Details
Ioannis I. Vardinoyannis
Managing Director, mgd@anek.gr
Stelianos Stamos,
Chief Financial Officer, cfo@anek.gr
ANEK LINES S.A.
Karamanli Avenue, Chania
tel. +30 28210 24000
Additional information concerning the Financial Statements under I.F.R.S. can be found in the company's website: www.anek.gr
This presentation may contain forward-looking statements. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Group. They are not historical facts, nor are they guarantees of future performance. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Further details of potential risks and uncertainties affecting ANEK LINES S.A are described in the ANEK LINES S.A. filings with the Athens Stock Exchange. These forward-looking statements speak only as of the date of this presentation.
*aea relate S.A.- Investors Relations & Corporate Communication - www.aea.gr | Page 2 |
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Disclaimer
Anonymous Shipping Company of Crete SA published this content on 23 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2021 14:21:04 UTC.