Monnari Trade had a net profit of PLN 20.5 million, EBITDA of PLN 30.07 million in 2021

Monnari Trade recorded PLN 20.5 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to a loss of PLN 30.63 million a year earlier, the company said in the report.

The operating profit amounted to PLN 19.34 million versus PLN 28.13 million loss a year earlier. The EBITDA result was respectively: PLN 30.07 million compared to PLN -9.1 million a year earlier.

Consolidated sales revenues reached PLN 232.42 million in 2021 compared to PLN 209.41 million a year earlier.

"The results of the capital group in the second year of the pandemic were better than in 2020. Revenues amounted to PLN 232.4 million, which means an increase by 11% y / y. Adapting to the prevailing situation by renegotiating contracts, reducing costs, expanding the product range, brought about effects at the level of operating profit and net result. An important event for the Capital Group was the signing of a preliminary contract of sale of a part of the property located in Łódź at ul. Piotrkowska 293/305 - Geyer's Gardens. The value of the down payment positively influenced the increase in cash and cash equivalents of the capital group, to the amount of PLN 70.6 million, ”wrote President Mirosław Misztal in the letter attached to the report.

On a standalone basis, the net loss in 2021 amounted to PLN 1.61 million compared to PLN 11.85 million loss a year earlier.

Monnari Trade is a clothing company existing since 2000. It has been listed on the WSE since 2006. Its consolidated sales revenues reached PLN 232 million in 2021.

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