Economy

Saras flies, Moratti rejoices: revenue boom in the first half of the year

The company also reported EBITDA of 108.7 million in the first half of 2021, an improvement from -114.4 million a year earlier.

Good news for Massimo Moratti. Saras, The company of the former Nerazzurri chief, which announced commercial results for the first half of 2021, closed “with revenue of $3.77 billion, an increase of 37% over the same period in 2020 – reads Football and finance -. Saras also reported EBITDA of 108.7 million euros in the first half of 2021, an improvement over -114.4 million euros for the same period in 2020. The net result was 0.5 million euros (- 180.7 million euros in 2020). ). Regarding the financial position, it was negative before the impact of IFRS 16 for 433 million euros, an improvement anyway compared to December 31, 2020, and it was negative 479 million after the impact of IFRS 16 (-545). million on December 31, 2020).

Maximum Moratti He showed all his satisfaction based on the results achieved. “In this quarter, we witnessed a particularly significant growth in global demand for oil, which, despite the persistence of risks associated with the variables of the pandemic, always confirms our expectations of a recovery to levels close to those before the crisis in the second half of the year. The group showed, after Four quarters, positive EBITDA, although affected by the continued weakness of products such as diesel, whose margins can only be rebalanced through a more decisive restart of aviation. We consider it the shift, along with expectations for a more structural strengthening of the economy in the coming months, that allows us to see further improvement results from the second half of the year.”

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