PRESS RELEASE
ANNUAL RESULTS 2021 AND OUTLOOK
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Summary financial information for the year ended 31 December 2021.
(Consolidated financial statements approved by the board of directors on
The statutory auditors are finalizing their audit procedures.)
In k€ - IFRS | FY 2021 | FY 2020 | Variation |
Turnover | 2 264 | 2 006 | +13% |
Net operating expenses: | |||
Payroll costs | -3 149 | -3 334 | |
Operating expenses: | |||
Manufacturing, sub-contracting | -1 073 | -980 | |
Travel and subsistence expenses | -604 | -532 | |
Rents and maintenance | -422 | -431 | |
Other operating expenses | -957 | -1 334 | |
Depreciation | -55 | -511 | |
Amortization | -500 | -744 | |
Total net operating expenses | - 6 760 | - 7 866 | -14% |
Operating loss | -4 496 | -5 860 | -23% |
Net financial loss | -108 | -1 563 | |
Corporation tax | - | - | |
Net loss | -4 604 | -7 423 | -38% |
Turnover
The turnover for the financial year 2021 amounts to 2 264 k€ compared to 2 006 k€ in 2020, an increase of 13%.
Net operating expenses
Total net operating expenses are down 14% from the previous year. This decrease reflects a combination of the actions taken during the Covid pandemic to manage Orege’s cost base, decreasing depreciation and amortization and favorable sterling and US dollar movements against the euro.
Financing and cash flow
At
Financial debt totaled 28 494 k€, including 26 631 k€ of shareholder current account advances (2020: 23 423 k€, including 20 909 k€ of shareholder current account advances). Since the year end a further 3 322 k€ of shareholder current account advance has been signed with
Outlook
Coming out of the pandemic
In the second half of 2021 and the first months of 2022, most pandemic-related constraints were lifted enabling almost normal travel in
In the US, we are beginning to see the benefits of this with the delayed delivery and finalization of one project in
In the
Business development and project execution activity in other territories are progressing as expected.
Troubled supply chain and the conflict between
The worldwide stress on supply chains has continued and has been exacerbated by the conflict between
Additional Information
The 2021 Annual financial report (in French) will be available on the company’s website (www.orege.com) from
FR0010609206 -
Contact
George.gonsalves@orege.com - mob: +33 6 08 03 50 72
Attachments
Orege annual results 2021 FinalOrege annual results 2021 Final
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