Gremi Media has a net profit of PLN 11,63 million, 24,32 million ajdusted . EBITDA in 2021

Gremi Media had a net profit of PLN 11.63 million, PLN 24.22 million adjusted. EBGremi Media recorded PLN 11.63 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 15.4 million of profit a year earlier, the company said in the report.

The operating profit amounted to PLN 16.86 million versus PLN 17.89 million profit a year earlier.

Adjusted EBITDA was PLN 24.22 million compared to PLN 22.6 million a year earlier, and EBITDA profitability was 24.1% compared to 23.5%, respectively.

Consolidated sales revenues reached PLN 100.63 million in 2021 compared to PLN 96.14 million a year earlier.

"Revenues from sales of the Gremi Media SA group, which, apart from the publishing house, also includes, among others, e-Kiosk SA, the distribution company, amounted to PLN 100.6 million in 2021, compared to PLN 96.1 million a year earlier (an increase of 4.7%). This increase was generated despite the difficulties in running some activities caused by the ongoing coronavirus pandemic, primarily in the organization of business events, conferences and training, 'reads the release on the results.

“The second year of the pandemic did not prevent us from improving the financial results of the company and the group. We have started the process of rebuilding revenues, and EBITDA is at the highest level in history. This is a confirmation that the strategy implemented since 2018 brings lasting effects, "commented President Tomasz Jażdżyński, quoted in the release.

On a standalone basis, the net profit in 2021 amounted to PLN 8.87 million compared to PLN 12.93 million profit a year earlier.

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