Vista Alegre's sales recover in the third quarter, but are still at a loss compared to their counterpart

The weight of foreign markets maintained the growth trajectory, increasing to 82,4% of the company's turnover, reaching 62,4 million euros.

Vista Alegre's consolidated sales in the third quarter of 2020 reached a total of 33,2 million euros, which represented a growth of 24% compared to the same period last year.

In turn, the group's consolidated EBITDA amounted to 6,1 million euros in the period under review, "registering an increase of 12% relative to the third quarter of 2019".

Thus, the net result in the third quarter of this year was positive by one million euros, while the net debt decreased by 3,8 million euros.

Foreign markets represent 82,4% of Vista Alegre's turnover, while the online sales channel grew 122% in the first nine months of 2020 compared to the same period last year.

"In the third quarter of 2020, in a context not yet stabilized, the results of Grupo Vista Alegre showed a remarkable recovery capacity, compared to the second quarter, where the effect of the pandemic had a very significant negative impact on the activity", highlights the statement sent today, October 27, by the company's management for the CMVM - Securities Market Commission.

The same document reveals that the company's turnover in the first nine months of 2020 was 75,8 million euros, "with a good performance of exports, which grew 8,4 pp [percentage points] compared to the same period".

Even so, the company was affected by the impact of the pandemic, as turnover in the first nine months of this year fell by about 10% (from around 84,2 million euros in the first three quarters of 2019 to around 75,8 million euros in the same period of the current year), while EBITDA went from positive by around 4,4 million euros to negative by 2,350 million euros.

"The weight of foreign markets maintained the growth trajectory, increasing to 82,4% of Vista Alegre's turnover, reaching 62,4 million euros", concludes the aforementioned statement.

 

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