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Mannok reports higher 2020 earnings, revenue consistent

Mannok reports higher 2020 earnings, revenue consistent Updated / Thursday, 8 Apr 2021 17:27 In September 2020 Quinn Industrial Holdings was renamed Mannok Mannok Holdings, formerly Quinn Industrial Holdings, has reported a 17% increase in EBITDA (Earnings Before Interest, Tax Depreciation & Amortisation) for the year ended 31 December 2020. EBITDA increased from €26.6 million to €31.1 million.  Revenue remained materially consistent at €233 million, compared to €234m in 2019. An overview of its 2020 operating performance published today, shows sales and margin increases across cement and packaging, partly offset by higher raw material costs for insulation products. The report shows that cash generation from operating activities improved by over 44% from €21.7m to €31.3m which aided a reduction in net debt in the period of €19.4m.

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