Vista Alegre Atlantis net results decreased 133% in the first half due to Covid-19

With the closing of stores, half-yearly sales in the domestic market stood at 7,2 million euros, down 6,7 million when compared to 13,9 million euros in domestic market sales in the first six months of 2019. In the first half of 2020 there was a year-on-year drop of 133%, corresponding to a loss of 3,4 million euros.

Vista Alegre Atlantis (VAA) results were in negative territory in the first half of this year due to the effects of the Covid-19 pandemic. Net results went from 3,7 million in the first half of 2019, to negative 3,4 million euros in the first half of this year, with a negative year-on-year change of 133%.

This, with turnover down 26%, to 42,6 million euros and EBITDA with a reduction of 65%, standing at 4,1 million euros, according to company information. External markets represent 83,2% of turnover, an increase of 7,4 pp compared to the same period last year, essentially with sales to countries such as France, the Netherlands and Italy, the VAA said.

With the closing of stores, sales in the domestic market stood at 7,2 million euros, down 6,7 million when compared to 13,9 million euros in sales in the domestic market in the first six months of 2019, he said. the oldest porcelain company in the Iberian Peninsula.

“Despite the exceptional circumstances that Portugal and the world are going through in the last quarter, Grupo Vista Alegre managed a turnover of 9,2 million euros in June, surpassing the same period in 6% (8,7 million euros). euros), representing an important sign of the gradual recovery of its activity in the face of the negative scenario experienced at the peak of the pandemic ”, explains the statement of the company founded in 1824 by José Ferreira Pinto Basto.

In the second quarter of this year, VAA secured the contracting of two orders, worth 16,2 million euros, the company says. One of the operations results from the partnership with the Zwilling brand, he details. The other contract is protected by a confidentiality agreement, explains the VAA.


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