Ellaktor Group's net profit for the first quarter amounted to EUR 24 million, a jump of 82% compared to the same period last year. Sales were at approximately the same level as in Q1 2023.

In detail, the group's key financials for the first quarter:

• Sales of €90 million, roughly at the same level as in 1Q13. €90 million, in line with the same period of the previous year (€90 million).
• Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) €51.3m, up 15% (3M'23 SG €44.7m), with an EBITDA margin of 57%, compared to a margin of 49% in the same period last year.
• Profit before tax (PBT) €32.1 million, up 58% (3M'23 SG €20.4 million).
• Net Profit of €24 mn vs. SG profit of €13.2 mn in the corresponding period last year, up 82%.
• Positive Operating Cash Flow of €35.6 mn.
• Group net liquidity: €493 million at 31.03.2024 vs. €308 million at 31.12.2023.
• The Group's cash and readily realisable assets amounted to €707 million at 31.03.2024 compared to €521 million at the end of 2023.
• Total Equity exceeded €1 billion (€1,004.4 million), or €2.89 per s