Market News


AEROSTAR S.A. - ARS

2021 Q1 report

Release Date: 5/14/2021 7:44:29 AM

IRIS Code: 86074

Relevant Data for the first quarter 2021

 

Synthesis/ Relevant Data  3 months 2021

 

 

 

 

MU

31.03.2021

31.03.2020

Share Capital

Thousand lei

 

48.729

 

48.729

 

 

 

 

Turnover

Thousand lei

 

91.719

 

99.932

 

 

 

 

·         Export sales

Thousand lei

 

58.124

 

90.959

 

 

 

 

Expenses for Investments 

Thousand lei

 

1.202

 

18.142

 

 

 

 

Actual No of Employees,

                                          of which:

no.

1.643

1.955

·         Own employees

no.

1.630

1.831

·         Employees attracted by  temporary manpower agent

no.

13

124

 

 

 

 

Net Profit

Thousand lei

 

19.247

 

21.677

 

 

 

 

Cash-flow

Thousand lei

 

218.040

 

213.448

 

 

 

 

General Liquidity

-

9,16

7,23

 

Performance achieved

 

31 March

 

31 March

 

2021

 

2020

Income from sales

91.719

 

99.932

Other income

700

 

777

Income  related to the cost of inventories  of products  and production in progress

(2.368)

 

10.938

Income from the production of immobilizations

175

 

816

Income from operating subsidies

1.418

 

112

Total operating ncome

91.644

 

112.575

Expenses

 

 

 

Expenses with materials

(30.466)

 

(38.856)

Expenses with employees’ benefits

(28.818)

 

(33.208)

Expenses with amortization of assets

(6.671)

 

(6.156)

Influence of adjustments on current assets

(2.870)

 

(5.027)

Influence of adjustments on provisions

3.767

 

2.514

Expenses related to third party services

(6.608)

 

(9.114)

Other expenses

(809)

 

(355)

Total Operating Expenses

 

(72.475)

 

 

(90.202)

Profit from Operations

19.169

 

22.373

Financial Revenues

3.916

 

4.031

Financial Expenses

(850)

 

(1.189)

Financial Profit

3.066

 

2.842

 

 

 

 

Profit before tax

22.235

 

25.215

Tax on current and deferred profit

(2.988)

 

(3.538)

 

 

 

 

Net Profit  of the Period

19.247

 

21.677

 

ECONOMIC & FINANCIAL INDICATORS

 

 

Indicator

Calculation Algorythm

Result

  1. Current Liquidity Indicator

Current assets /

Current debts

9,16

  1. Endebtness Ratio

Capital borrowed /Company Capital x 100

0

  1. Rotation of Client Debits

Average customer balance/ Turnover x 90

41

  1. Rotation of Noncurent assets

Turnover  /

Immobilized Assets

0,50

 

IMPORTANT EVENT AFTER THE REPORTING PERIOD  

 

In the general meeting of the shareholders  held on 21 April 2021, AEROSTAR’s shareholders approved the distribution of the net profit  of the year 2020, as follows:

 

o   Distribution as legal reserve of the reinvested profit, in amount of 12.081.875,81  lei;

 

o  Distribution as reserve, in amount of 8.087.380,00  lei;

 

o   Distribution as dividends, the amount of 18.273.294,50 lei and set a gross dividend per share of 0,12 lei, corresponding to a share with the nominal value of  0,32 lei;

 

o   Set the date for the payment of the dividends on 22 June 2021.

 

Quarterly Report on the financial results on March 31st, 2021, may be consulted on the Company’s website www.aerostar.ro./Relatia cu investitorii/ Investors Relation/ /Raportari periodice-Periodic Reports/Anul-Year 2021, as well as in the pdf document attached to the IRIS platform .

 

PRESIDENT OF THE BOARD OF DIRECTORS,

GRIGORE FILIP      

 

 

 

 

 

 



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