Quest Group recorded a slight growth in consolidated revenues, operating profitability (EBITDA) and pre-tax profitability in the first half of 2024.

 As announced by the Group, consolidated sales amounted to €620 million, an increase of 14% compared to the corresponding half of 2023, EBITDA reached €41.6 million, up 6.7%, profit before tax amounted to €27.3 million and profit after tax amounted to €20.5 million.

The low growth rate in Profit Before Taxes is mainly due, as noted in the announcement, to the decrease in gross margin in trading activities as well as to the increase in financial costs as a consequence of the increase in the base rate (Euribor) and the level of borrowing.

It is noted that during the second quarter the key figures showed a significant improvement, with an increase in sales by 22.8%, in operating profitability (EBITDA) by 17.6% and in Profit Before Taxes by 16.7%.

The Group's net debt position (loans less cash) amounted to €28.2 million compared to €17 million on 31/12/2023. The change is due to increased working capital needs.