Sakret Holdings AS consolidated unaudited interim report for the 12 months of 2020
SAKRET consolidated net turnover for 2020 is 22,2 MEUR and above the results of 2019 for 1,5% or 329,3 TEUR. The sales volume (dry and ready-to-use building mixtures) of Sakret group companies in natural units in 2020 has been fulfilled by 98% compared to the budgeted amount and by 100% compared to 2019.
Winter of 2019/2020 was a favourable time for construction business, as the temperature was higher than average, so the construction of new facilities was started atypically early. As a result, in the Q1 of 2020, the increase in tons compared of 2019 Q1 was 16%. In the Q2 and Q3 of 2020, the negative factor of economic activity was COVID-19, as a result of which decrease in sales volume was accordingly 6% and 7%, compared with 2019 Q2 and Q3. In the Q4 was reached positive results – increase in tons 7% comparing to Q4 results of 2019.
In November 2020, the 2021 budget of SAKRET was approved. The main focus is on the purposeful and stable long-term growth of Sakret Holding companies. Revenue planning took into account market trends and forecasts of expected changes in construction financing.
Taking into account the uncertainty of the situation regarding the further course and duration of second wave of the coronavirus (Covid-19), as well as the future preventive decisions, taken by the responsible authorities of all Baltic States to limit the spread of it, it is not possible to provide a long-term financial forecast.
AS SAKRET HOLDINGS
Chairman of the Council