Q3 2021 Kernel Holding SA Earnings Call Transcript

May 28, 2021 / 01:00PM GMT
Pawel Wieprzowski - Wood & Company Financial Services, a.s., Research Division - Research Associate

Good afternoon, ladies and gentlemen. My name is Pawel Wieprzowski and on behalf of Wood & Company, I very warmly welcome you to the third quarter results conference call with Kernel's management. Today, the company is represented by Andrii Verevskyi, Chairman of the Board; Anastasiia Usachova, CFO; Yuriy Kovalchuk, Corporate Investment Director.

Gentlemen, congrats with the results. Please go ahead.

Andrii Verevskyi - Kernel Holding S.A. - Founder & Chairman of the Board

Thank you very much. Good afternoon, everyone. Thank you for joining us today. I'm presenting to you Kernel financial results of the 3 months ended in March 2021. This is our third quarter of financial year 2021.

Group revenue over reporting period stood at $1.7 billion. EBITDA reached $111 million, and net profit was $16 million. The financial leverage continued to reduce and reaching 1.4 net debt-to-EBITDA as of the end of March 2021. I start it, as usual, from

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