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REKA INDUSTRIAL Reka Industrial Plc : Profitable growth 22.4.2021 09:00:00 EEST | Reka Industrial Oyj | Interim report ( Q1 and Q3 ) January - March 2021 The Group's turnover was EUR 36.0 million ( EUR 26.0 million ) EBITDA was EUR 2.7 million ( EUR 1.0 million ) Operating result was EUR 1.3 ( -0.2 ) million The result for the period was EUR 0.1 ( -0.7 ) million Reka Rubber , acquired in 2020 , was consolidated to the Group as of 30 June 2020 . Near - term outlook remains the same : In 2021 EBITDA ( EUR million ) is expected to remain at the same level or improve , provided that predominant conditions due COVID - 19 pandemic will not substantially affect to the company's capability to deliver . ● ● Figures in brackets refer to the same period a year earlier , unless otherwise stated . Interim report is unaudited . MANAGING DIRECTOR JUKKA POUTANEN : The Nordic cable market is growing and is expected to grow in the coming years . Our market share in Finland is strong and we aim to increase our market share in the other Nordic countries . In the first quarter turnover increased significantly both in Finland and in the other Nordic countries compared to the previous year . Part of the increase in turnover is explained by rising metal prices . The demand situation is good . COVID - 19 and supply chain logistics have required a lot of effort to ensure material deliveries . Material prices have risen strongly . The impact of higher metal prices on the value of inventories and the net effect of metal and currency hedging supported the EBITDA of the cable segment by approximately EUR 0.8 million . On the other hand , EBITDA is burdened by the strongly risen material costs , which can only be passed on the customer prices with a delay . The cable segment's EBITDA doubled from previous year . Reka Rubber market situation is good and seems to be strengthening further . Reka Rubber has a strong position in ( its ) selected market segments . Especially in construction equipment , the market share continues to grow . Enquiries in the truck industry have grown from before . Last year the COVID - 19 pandemic clearly affected the volumes of the rubber industry . Currently , the demand is growing strongly , and mapping of capacity increase opportunities is underway . Reka Rubber's turnover in the first quarter was EUR 6.3 million and rubber segments EBITDA was nearly 10 percent . Green Bond funded projects have been taken forwards and new ones are ongoing . Investments have been made specially to the projects relating to wind power and decreasing energy consumption . The annual Green Bond investor letter was published in March . MAJOR EVENTS DURING JANUARY - MARCH In January 2021 Reka Cables Ltd made an agreement of EUR 5.0 million loan limit . The limit is a fixed term . There are covenant terms associated with the loan limit . KEY FIGURES Turnover , EUR million EBITDA , EUR million Result for the period , EUR million Earnings per share , EUR 1-3 / 2021 1-3 / 2020 1-12 / 2020 36.0 2.7 0.1 0.02 26.0 1.0 -0.7 -0.12 120.4 9.4 1.0 0.16