In the first half of the year, EYATH Group's operating turnover increased by 5.71% to €36.77 million, while earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed to €6.02 million, a jump of 125.38%.

In particular, EYATH, following the approval by the Board of Directors on 26/9/2024 of the 6-monthly financial report for the year 2024, announced the consolidated financial results of the group as follows: 

• The group's turnover increased by € 1,985 or 5.71% and amounted to € 36,770 compared to € 34,785 in the same period last year. This increase is mainly due to the increase in consumption of the residential and business tariff customers.
• Cost of Sales decreased by € 2,864 or 9.83%, amounting to € 26,266 compared to € 29,130 in the comparative period. This change was mainly due to the cost of electricity, which decreased by 27.19%.
• Gross Profit amounted to € 10,504 compared to € 5,655 in the corresponding period last year, an increase of € 4,849 or 85.74%, while Profit Before Taxes amounted to € 4,330 compared to € 500 in the corresponding period last year, an increase of € 3,830 or 765.94%, and Profit After Taxes amounted to € 3,025 from € 114, an increase of € 2,911 or 2,543.62%.
• Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the period under review amounted to €6,020 compared to €2,671 in the same period last year, an increase of €3,349, or 125.38%.
•  The Group's Cash and Cash Equivalents amounted to € 68,324 as at 30/06/2024 compared to € 65,901 as at 31/12/2023, an increase of € 2,424 or 3.68%.
• Shareholders' equity remains unchanged at € 40,656 thousand divided into 36,300,000 shares with a nominal value of € 1.12 each and
•  The Group's Equity amounts to € 185,267 thousand as of 30.6.2024

PRESIDENT  AND CEO STATEMENT

"By reducing our environmental footprint, we contribute to tackling climate change, while as managers of the water resource, we are preparing for developments in the context of holistic water management and the subsequent mergers with the DEYAs", said EYATH's President, Mr. Ayis Papadopoulos.

The company's investment planning is in line with the same strategic objectives, as well as the company's extroversion by strengthening its activities. "We envision a 'smart' future for the benefit of our shareholders, the local community as a companion, and our human resources constantly evolving", said the CEO of the company, Mr. Anthimos Amanatidis.