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2021-10-26

Innofactor Plc's Interim Report for January 1–September 30, 2021 (IFRS)

Innofactor Plc Interim Report October 26, 2021, at 9:00 Finnish time

Innofactor achieved its highest-ever operating margin in the third quarter in spite of a slight decrease in net sales due to a divestment and an organizational change in Finland

July–September 2021 in brief:

  • Net sales were approximately EUR 13.7 million (2020: 14.0), representing a decrease of 2.0%
    • Excluding the Prime business sold on March 31, 2021, the comparable growth was 3.0%, which was entirely organic growth
  • The operating margin was approximately EUR 1.7 million (2020: 1.6), representing an increase of 8.7%
  • The operating profit was EUR 0.9 million (2020: 0.4), representing growth of 130.4%
  • The order backlog at the end of the review period was EUR 72.0 million (2020: 58.2), representing an increase of 23.7%

January–September 2021 in brief:

  • Net sales were approximately EUR 48.8 million (2020: 47.9), representing an increase of 1.9%
    • Excluding the Prime business sold on March 31, 2021, comparable growth was 4.9%, which was entirely organic growth
  • The operating margin was approximately EUR 8.4 million (2020: 5.6), representing an increase of 51.4%
    • The operating margin includes a sales gain of approximately EUR 2.6 million from the sale of the Prime business, without which the operating margin would have been approximately EUR 5.9 million (2020: 5.6), representing an increase of 5.6%
  • The operating profit was EUR 6.0 million (2020: 2.1), representing an increase of 185.9%
    • The operating profit includes a corresponding sales gain as the operating margin, without which the operating profit would have been approximately EUR 3.4 million (2020: 2.1), representing an increase of 64.0%
Key figures of the group, IFRS    
. Jul 1–Sep 30, 2021 Jul 1–Sep 30, 2020 Change Jan 1–Sep 30, 2021 Jan 1–Sep 30, 2020 Change
Net sales, EUR thousand 13,730 14,005 -2.0% 48,834 47,913 1.9%
Growth of net sales -2.0% 0.3%   1.9% 2.5%  
Operating result before depreciation and amortization (EBITDA), EUR thousand 1,695 1,559 8.7% 8,448 5,579 51.4%
percentage of net sales* 12.3% 11.1%   17.3% 11.6%  
Operating profit/loss (EBIT), EUR thousand* 915 397 130.4% 5,996 2,097 185.9%
percentage of net sales* 6.7% 2.8%   12.3% 4.4%  
Earnings before taxes, EUR thousand* 755 26 2,754.8% 5,400 1,099 391.2%
percentage of net sales* 5.5% 0.2%   11.1% 2.3%  
Earnings, EUR thousand* 581 27 2,087.5% 4,207 1,505 179.6%
percentage of net sales* 4.2% 0.2%   8.6% 3.1%  
Order backlog 71,979 58,181 23.7% 71,979 58,181 23.7%
Net gearing* 34.0% 66.7%
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