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envipco Envipco Announces 2021 Second Quarter and Half Year Results Unaudited Highlights Regulated Information 2Q 2021 2Q 2020 HY 2021 HY 2020 FY 2020 in EUR millions Revenues 8.21 5.84 16.56 13.64 30.82 Gross Profit 3.01 1.83 6.12 4.58 11.68 Gross profit % 37 % 31 % 37 % 34 % 38 % Operating profit / ( loss ) ( 0.18 ) ( 1.26 ) 2.54 ( 2.56 ) ( 1.40 ) Net profit / ( loss ) after taxes after minority ( 0.10 ) ( 1.37 ) 1.93 ( 3.01 ) ( 1.72 ) EBITDA * * 0.93 ( 0.20 ) 4.31 ( 0.63 ) 3.55 Earnings / ( loss ) per share in € ( 0.00 ) ( 0.03 ) 0.04 ( 0.07 ) ( 0.04 ) Shareholders ' equity 30.86 21.96 30.86 21.96 20.96 * EBITDA : Earnings before interest , taxes , depreciation and amortisation 2021 Second Quarter - Consolidated Results : • Revenues increased 41 % to € 8.21m for Q2 2021 from € 5.84m for Q2 2020. Currency adjusted for USD / EURO , growth was 51 % driven by recovery of container throughput volumes in our North America business from a COVID impacted Q2 2020. European revenues increased by 15 % on higher machine sales and service income . • Gross profit improvement to 37 % from 31 % in Q2 2020 , driven by higher container volume . EBITDA in Q2 2021 over Q2 2020 improved substantially to € 0.93m ( 11.3 % of Revenues ) from a negative € ( 0.20m ) , driven by higher gross profits , controlled operating expenses and including favorable € 0.22m other income from an insurance settlement . Share split of 1:10 executed per end of June . 2021 Half Year - Consolidated Results : Revenues for 1HY 2021 increased by 21 % to € 16.56m . Currency adjusted for USD / EURO , revenue growth was 31 % • Gross profit improvement to 37 % from 34 % in 1HY 2021 , driven by higher container volume . • H1 2021 includes other income of € 3.59m relating to IP litigation settlement , PPP loan forgiveness and an insurance settlement . • EBITDA improved in 1HY 2021 to € 4.31m from a negative EBITDA of € ( 0.63m ) in 1HY 2020. Excluding the other income items of € 3.59m in 1HY 2021 , EBITDA would have improved to € 0.72m when compared to 1HY 2020 • Share issue of € 8.12m and listing on Oslo Euronext Growth market . • Second PPP loan of € 1.64m received in March 2021 ; loan also eligible for forgiveness in late 2021 / early 2022 . " Q2 2021 clearly shows the Company's recovery and growth versus Covid affected Q2 2020. With the growing opportunities in the European markets , next to those in the US , we are aggressively building out our commercial organization , including expansion of production capacities in Romania and Germany . We remain very positive about the future . " Simon Bolton , CEO