Market News


PREFAB SA - PREH

H1 2021 Report

Release Date: 8/16/2021 8:30:11 AM

IRIS Code: 107D3

Half-Yearly Report

according to

Financial Supervisory Authority Regulation no. 5/2018

- Appendix 14 -

for the first semester of 2021

 Date of report: 16.08.2021

Name of the company - Prefab S.A

Registered Office - Bucuresti, Dr. Iacob Felix, nr. 17-19, et. 2, Sector 1

Premises: Calarasi, str. Bucuresti, nr. 396

Phone/Fax - 021-3315116/ 021-3305980

Tax Identification Number at Trade Register Office - RO 1916198

Trade Register Registration Number - J40/9212/2003

Regulated market where the issued securities are traded - Bucharest Stock Exchange, Standard Category

Subscribed and paid in share capital - 24.266.709,5 lei

The main characteristics of the securities issued - the company has issued a number of 48.533.419 registered shares each with a nominal value of 0.5 lei, dematerialized

Accounting standard applied: International Financial Reporting Standards

Communication – Half-Yearly Report – the first semester of 2021

             The health crisis caused by SARS-COV2, has influenced the economic environment with multiple negative implications in its operation. In the conditions of this pandemic, which is a special situation that the economic environment has never faced, the company paid more attention and acted prudently in the managerial act.

Even if the construction sector, on the whole, registered an increase, this growth had an oscillating trend, caused by the evolution of the number of infection cases, the measures imposed by the authorities for disease prevention and the actual demand for construction materials in the market.

In the conditions of the pandemic triggered by the SARS-COV2 virus, the first half of 2021 can be compared with the same period of 2020, the demand in the market for construction materials being approximately equal. The market for reinforced concrete and prestressed concrete, electric poles, highway elements, prefabricated parts for hypermarkets or supermarkets, beams for road bridges, is still affected by the lack of large projects for national infrastructure, lack of financing and financial blockages in the national investment field as well as a sufficiently qualified workforce.

             The turnover registered on 30.06.2021 is increasing by 14.64% compared to the one registered on 30.06.2020, the increase of this indicator being due especially to the optimization of the production process as well as to the applied commercial strategies.

             The operating result on 30.06.2021 is in the amount of 8.887.741 Ron, compared to 6.446.672 Ron, realized on 30.06.2020, in increase compared to the same period of the last year. The increase is due to the optimization of production costs, the volumes of products sold, the trade policies applied, factors that determined the obtaining of more advantageous margins.

             The financial result on 30.06.2021 is in the amount of -606.686 Ron, compared to -1.040.617 Ron realized in the same period of the year 2020, this decrease being due to bank loan repayments made during this period.

The value of fixed assets decreased by 1.82%, from 214.903.384 Ron (31.12.2020) to 210.982.263 Ron (30.06.2021), due to depreciation of land and construction positions, technical installations and machines, other installations, machinery and furniture.

 The value of current assets and other assets increased by 6.66%, from 45.658,268 Ron (31.12.2020) to 48.698,091 Ron (30.06.2021), an increase due to the increase of stocks of finished products, both physically and in value.

             Total debt decreased by 7.27%, from 46.044.894 Ron (31.12.2020) to 42.696.234 Ron (30.06.2021), this decrease being due to bank loan repayments made during this period and the decrease of commercial debts.

 

Indicators (Ron)

31.12.2020

30.06.2021

Variation

Fixed assets
214.903.384
210.982.263
-1.82%
Current assets and other assets
45.658.268
48.698.091
+6.66%
Total debts
46.044.894
42.696.234
-7.27%
Equity and other liabilities
214.516.758
216.984.120
+1.15%

 

 

Indicators (Ron)

 

30.06.2020

 

30.06.2021

 

Variation

Net turnover
41.145.334
47.169.804
+14.64%
Operating income
1.415.496
4.185.735
+195.70%
Expenses from exploitation
36.114.158
42.467.798
+17.59%
Operating result
6.446.672
8.887.741
+37.87%
Amortization
4.681.271
4.691.066
+0.21%
EBITDA
11.127.943
13.578.807
+22.02%
Financial income
322.466
52.668
-83.67%
Financial expenses
1.363.083
659.354
-51.63%
Financial result
-1.040.617
-606.686
-41.70 %
Total income
42.883.296
51.408.207
+19.88%
Total expenses
37.477.241
43.127.152
+15.08%
Gross profit
5.406.055
8.281.055
+53.18%
Net profit
4.702.523
7.087.766
+50.72%

 

 For viewing the entire report which shows the activity of the Company for the period January -June 2021, please consult the company's website and the link below.

 Milut Petre Marian

General Director

 

Consolidated Half-Yearly Report

according to

Financial Supervisory Authority Regulation no. 5/2018

- Appendix 14 -

for the first semester of 2021

 Date of report: 16.08.2021

Name of the company - PREFAB S.A.

Registered Office - Bucuresti, Dr. Iacob Felix, nr. 17-19, et.2, sector 1

Premises: Calarasi, str. Bucuresti, nr. 396

Phone/Fax - 021-3315116/ 021-3305980

Tax Identification Number at Trade Register Office - RO 1916198

Trade Register Registration Number - J40/9212/2003

Regulated market where the issued securities are traded - Bucharest Stock Exchange, Standard Category

Subscribed and paid in share capital - 24.266.709,5 lei

The main characteristics of the securities issued - the company has issued a number of 48.533.419 registered shares each with a nominal value of 0,5 lei, dematerialized

Accounting standard applied: International Financial Reporting Standards

 Communication – Consolidated Half-Yearly Report – the first semester of 2021

 The health crisis caused by SARS-COV2, has influenced the economic environment with multiple negative implications in its operation. In the conditions of this pandemic, which is a special situation that the economic environment has never faced, the company paid more attention and acted prudently in the managerial act.

Even if the construction sector, on the whole, registered an increase, this growth had an oscillating trend, caused by the evolution of the number of infection cases, the measures imposed by the authorities for disease prevention and the actual demand for construction materials in the market.

In the conditions of the pandemic triggered by the SARS-COV2 virus, the first half of 2021 can be compared with the same period of 2020, the demand in the market for construction materials being approximately equal. The market for reinforced concrete and prestressed concrete, electric poles, highway elements, prefabricated parts for hypermarkets or supermarkets, beams for road bridges, is still affected by the lack of large projects for national infrastructure, lack of financing and financial blockages in the national investment field as well as a sufficiently qualified workforce.

             The consolidated turnover registered on 30.06.2021 is increasing by 14.91 % compared to the one registered on 30.06.2020, the increase of this indicator being due especially to the optimization of the production process as well as to the applied commercial strategies.

             The operating result registered on 30.06.2021 by the Group is in the amount of 9.334.569 Ron, compared to 6.399.689 Ron registered on 30.06.2020, increasing compared to the same period of the previous year. The increase is due to the optimization of production costs, the volumes of products sold, the trade policies applied, factors that determined the obtaining of more advantageous margins.

             The financial result on 30.06.2021 by the Group is in the amount of -606.636 Ron, compared to -1.040.553 Ron realized in the same period of the year 2020, this decrease being due to bank loan repayments made during this period.

The value of fixed assets of the Group decreased by 1.82%, from 214.912.653 (31.12.2020) to 210.997.472 (30.06.2021), due to depreciation of the positions: land and construction, technical installations and machines, other installations, machinery and furniture.

 The value of current assets and other assets increased by 10.93%, from 51.822.083 Ron (31.12.2020) 57.484.315 Ron (30.06.2021), an increase due to the increase of stocks of finished products, both physically and in value.

             Total debt decreased by 2.22%, from 48.239.319 Ron (31.12.2020) to 47.170.066 Ron (30.06.2021), this decrease being due to bank loan repayments made during this period and the decrease of commercial debts.

 

Indicators (Ron)

        31.12.2020

30.06.2021

Variation

Fixed assets
214.912.653
210.997.472
-1.82%
Current assets and other assets
51.822.083
57.484.315
+10.93%
Total debts
48.239.319
47.170.066
-2.22%
Equity and other liabilities
218.503.220
221.319.179
+1.29%
Minor interest
-7.803
-7.458
-4.42%

 

 

Indicators (Ron)

 

 

30.06.2020

 

 

30.06.2021

 

 

Variation

Net turnover
43.084.977
49.509.618
+14.91%
Operating income
1.415.496
4.185.735
+195.71%
Expenses from exploitation
38.100.784
44.360.784
+16.43%
Operating result
6.399.689
9.334.569
+45.86%
Amortization
4.681.781
4.725.769
+0.94%
EBITDA
11.081.470
14.060.338
+26.88%
Financial income
322.530
52.718
-83.65%
Financial expenses
1.363.083
659.354
-51.63%
Financial result
-1.040.553
-606.636
-41.70 %
Total income
44.823.003
53.748.071
+19.91%
Total expenses
39.463.867
45.020.138
+14.08%
Gross profit
5.359.136
8.727.933
+62.86%
Net profit
4.611.951
7.435.612
+61.22%

 

For viewing the entire report which shows the activity of the Group for the period January-June 2021, please consult the company's website and the link below.

 Milut Petre Marian

General Director

 



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