{"id":22496,"date":"2020-12-15T09:01:59","date_gmt":"2020-12-15T07:01:59","guid":{"rendered":"https:\/\/www.kiriacoulis.com\/corporate\/?p=22496"},"modified":"2020-12-15T17:43:21","modified_gmt":"2020-12-15T15:43:21","slug":"financial-information-of-the-group-and-the-company-for-the-third-quarter-of-2020","status":"publish","type":"post","link":"https:\/\/yknot.gr\/ir\/financial-information-of-the-group-and-the-company-for-the-third-quarter-of-2020\/","title":{"rendered":"FINANCIAL INFORMATION OF THE GROUP AND THE COMPANY FOR THE THIRD QUARTER OF 2020"},"content":{"rendered":"

FINANCIAL INFORMATION OF THE GROUP AND THE COMPANY KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING SA FOR THE THIRD QUARTER OF 2020<\/strong><\/p>\n

 <\/p>\n

COMPANY KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING SA announces:<\/p>\n

Selected figures of the Statement of Comprehensive Income for the third quarter of 2020, for the first half of 2020 and their comparatives:<\/p>\n\n\n\n\n\n\n\n\n\n
<\/td>\n\n

GROUP<\/strong><\/p>\n<\/td>\n

\n

COMPANY<\/strong><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n\n

1\/1-<\/strong><\/p>\n

30\/09\/2020<\/strong><\/td>\n

\n

1\/1-<\/strong><\/p>\n

30\/09\/2019<\/strong><\/td>\n

\n

1\/7-<\/strong><\/p>\n

30\/9\/2020<\/strong><\/td>\n

\n

1\/7-<\/strong><\/p>\n

30\/9\/2019<\/strong><\/td>\n

\n

1\/1-<\/strong><\/p>\n

30\/09\/2020<\/strong><\/td>\n

\n

1\/1-<\/strong><\/p>\n

30\/09\/2019<\/strong><\/td>\n

\n

1\/7-<\/strong><\/p>\n

30\/9\/2020<\/strong><\/td>\n

\n

1\/7-<\/strong><\/p>\n

30\/9\/2019<\/strong><\/td>\n<\/tr>\n

Net sales revenue<\/td>\n23.052.560<\/td>\n31.690.848<\/td>\n7.031.578<\/td>\n7.087.913<\/td>\n2.123.804<\/td>\n5.045.062<\/td>\n1.960.320<\/td>\n3.082.854<\/td>\n<\/tr>\n
Profit \/ (loss) before interest and taxes (EBIT)<\/td>\n(3.079.976)<\/td>\n1.709.886<\/td>\n1.704.352<\/td>\n1.838.871<\/td>\n(671.970)<\/td>\n892.842<\/td>\n1.116.781<\/td>\n1.299.115<\/td>\n<\/tr>\n
Profit \/ (loss) before interest, taxes, depreciation and amortization (EBITDA)<\/td>\n(1.896.058)<\/td>\n2.927.250<\/td>\n2.110.721<\/td>\n2.248.023<\/td>\n401.916<\/td>\n1.979.136<\/td>\n1.494.217<\/td>\n1.668.985<\/td>\n<\/tr>\n
Profit \/ (loss) after taxes<\/td>\n(3.346.180)<\/td>\n1.343.762<\/td>\n1.596.460<\/td>\n1.717.430<\/td>\n(935.074)<\/td>\n539.095<\/td>\n1.007.365<\/td>\n1.177.259<\/td>\n<\/tr>\n
Profit \/ (loss) after taxes attributable to the Company’s shareholders<\/td>\n(3.338.870)<\/td>\n1.329.971<\/td>\n1.600.574<\/td>\n1.714.437<\/td>\n(935.074)<\/td>\n539.095<\/td>\n1.007.365<\/td>\n1.177.259<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/h5>\n

From the above table arise the following:<\/p>\n

 <\/p>\n

The Net Sales Revenue <\/strong>of the third quarter of 2020 for the Parent Company<\/strong> showed a decrease of \u20ac 1.122.534 or 36,41% in relation to the comparable period, while cumulatively the Net Sales Revenue for the period 1\/1-30\/9\/2020 showed a decrease of \u20ac 2.921.257 or 57,90% in relation to the comparable period.<\/p>\n

 <\/p>\n

The Net Sales Revenue <\/strong>of the third quarter of 2020 for the Group<\/strong> showed a decrease of \u20ac 56.335 or 0,79% in relation to the comparable period, while cumulatively the Net Sales Revenue for the period 1\/1-30\/9\/2020 showed a decrease of \u20ac 8.638.289 or 27,26% in relation to the comparable period.<\/p>\n

 <\/p>\n

In the third quarter of 2020, the Parent Company<\/strong> produced Profit after taxes, decreased by \u20ac 169.894 or 14,13% in relation to the comparable period of 2019, while cumulatively in the period 1\/1-30\/9\/2020 it produced losses after taxes of \u20ac 935.074 against profit after taxes \u20ac 539.095 during the comparable period.<\/p>\n

 <\/p>\n

In the third quarter of 2020, the Group<\/strong> produced Profit after taxes, decreased by \u20ac 120.970 or 7,04% in relation to the comparable period of 2019, while cumulatively in the period 1\/1-30\/9\/2020 it produced losses after taxes of \u20ac 3.346.180 against profit after taxes \u20ac 1.343.762 during the comparable period.<\/p>\n

 <\/p>\n

It is noted that, the Parent Company and the Group during the first 9 months of 2020 and 2019 had neither revenues and expenses from discontinued operating activities nor total comprehensive income.<\/p>\n

 <\/p>\n

Selected figures of the Financial Position at 30\/9\/2020 and their comparatives are as follows:<\/p>\n\n\n\n\n\n\n\n\n\n
<\/td>\n\n

GROUP<\/strong><\/p>\n<\/td>\n

\n

COMPANY<\/strong><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n30\/9\/2020<\/strong><\/td>\n31\/12\/2019<\/strong><\/td>\n30\/9\/2020<\/strong><\/td>\n31\/12\/2019<\/strong><\/td>\n<\/tr>\n
Equity attributable to the owners of the Company<\/td>\n16.602.644<\/td>\n20.076.973<\/td>\n\u00a021.576.470<\/td>\n\u00a022.511.544<\/td>\n<\/tr>\n
Total equity<\/td>\n16.649.913<\/td>\n20.332.995<\/td>\n21.576.470<\/td>\n22.511.544<\/td>\n<\/tr>\n
Non-current borrowings<\/td>\n6.924.570<\/td>\n3.300.271<\/td>\n5.374.570<\/td>\n3.295.663<\/td>\n<\/tr>\n
Current borrowings<\/td>\n1.345.321<\/td>\n1.098.169<\/td>\n1.337.856<\/td>\n1.084.247<\/td>\n<\/tr>\n
Total borrowings<\/td>\n8.269.891<\/td>\n4.398.440<\/td>\n6.712.426<\/td>\n4.379.910<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

From the above table arise the following:<\/p>\n

 <\/p>\n

The Equity of the Parent Company decreased by \u20ac 935.074 or 4,15% % compared to that of 31\/12\/2019.<\/p>\n

 <\/p>\n

The Equity attributable to the owners of the Parent Company decreased by \u20ac 3.474.329 or 17,31% % compared to that of 31\/12\/2019.<\/p>\n

 <\/p>\n

On 30\/9\/2020 the loans<\/strong> of the Parent Company in terms of maturity consist of 19,93% of loans with a repayment period of less than or equal to one year, 65,45% of loans with a repayment period of between one and five years and at a rate of 14,62% of loans with a repayment period of more than five years.<\/p>\n

 <\/p>\n

During the third quarter of 2020, the Parent Company received funds from borrowings \u20ac 619.909, while it repaid loans by paying \u20ac 20.403. During the first 9 months of 2020, the Parent Company received funds from borrowings \u20ac 2.639.621, while it repaid loans by paying \u20ac 365.130.<\/p>\n

 <\/p>\n

On 30\/9\/2020 the loans<\/strong> of the Group in terms of maturity consist of 16,27% of loans with a repayment period of less than or equal to one year, 75,49% of loans with a repayment period of between one and five years and at a rate of 8,24% of loans with a repayment period of more than five years.<\/p>\n

 <\/p>\n

During the third quarter of 2020, the Group received funds from borrowings \u20ac 625.023, while it repaid loans by paying \u20ac 22.644. During the first 9 months of 2020, the Group received funds from borrowings \u20ac 4.194.735, while it repaid loans by paying \u20ac 371.657.<\/p>\n

 <\/p>\n

Consequences of the pandemic caused by COVID-19 disease.<\/strong><\/p>\n

 <\/p>\n

The consolidated financial figures largely reflect the Group’s investments and their returns in the operational sector “Pleasure boats without permanent crew”. Due to the outbreak of the pandemic caused by COVID-19 disease restrictive measures in tourism activity that concerned both locals and foreign visitors, were imposed in all geographical areas in which the Group serves charterers. The majority of customers in the aforementioned operating sector come from European countries, which in the first 9 months of 2020 showed a high increase in household savings. Taking into account the above-mentioned and the financial data of the first 9 months of 2020, a decrease is expected in the year 2020 compared to the year 2019 in the Revenue from sales of brand-new yachts, in the Revenue from invoiced charter contracts of privately used yachts and in the Revenue from charter brokerage. These revenues in total are accounted for 98,7% of the consolidated sales revenue for the year 2019. It is noted that the Parent Company and its subsidiaries from the time when COVID-19 disease appeared used all available means to ensure the health of their human resources and their customers, the adjustment of their expenditures to the respective income levels, the best possible management of their cash and raising external funds.<\/p>\n

The vaccination of the population of the countries-markets that is expected to begin within the first quarter of 2021 is estimated to lead to a significant easing of the restrictive measures in tourism, increase the mood for travel and leisure and improve household economic expectations. The occurrence of these events will allow the gradual return of the Group’s financial performance to the pre-pandemic levels.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

FINANCIAL INFORMATION OF THE GROUP AND THE COMPANY KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING SA FOR THE THIRD QUARTER OF 2020   COMPANY KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING SA announces: Selected figures of<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[733],"tags":[],"class_list":["post-22496","post","type-post","status-publish","format-standard","hentry","category-year-2020"],"_links":{"self":[{"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/posts\/22496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/comments?post=22496"}],"version-history":[{"count":0,"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/posts\/22496\/revisions"}],"wp:attachment":[{"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/media?parent=22496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/categories?post=22496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yknot.gr\/ir\/wp-json\/wp\/v2\/tags?post=22496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}