Sales of €176 million with an increase of 24.7% in 2023, the ELTRAK group reported a 16.7% increase in gross profit.  EBITDA amounted to €20.82 million, up 27.1% from 2022, with the group's net profitability at €13.446 million.

This year, management is setting the bar even higher thanks to the increased demand seen in shipping, transport, and infrastructure with major development projects. In this context, the group is expanding the range of products and services it offers.

THE COMPANIES

It is noted that ELTRAK is an authorized Caterpillar dealer in Greece and is active in the sales and subsequent technical support of the entire range of Caterpillar products, such as earthmoving and lifting equipment, power generating sets and marine engines. In addition, ELTRAK represents the companies. It should be noted that there is already a cooperation with Sandvik with Eltrak Bulgaria, a subsidiary of the Eltrak Group in Bulgaria. In April, it started its new cooperation with the multinational high-tech company BYD. The agreement is to take over the import, distribution and technical support of forklift and pallet trucks in Greece and Cyprus.

ELASTRAK

With regard to Elastrak, which markets the Bridgestone brand, we recall that months ago it inaugurated a new distribution and storage centre for tires in a privately owned area in Thessaloniki. We note that last April the company took over the exclusive representation of Webfleet, aiming at facilitating its customers to adapt their fleet to the new regulations regarding the recording and reporting of CO2 emissions. Also in the same month, Elastrak launched a new partnership to import and market MRF Tyres, the largest tire company in India. This year had begun with the extension of Elastrak's partnership with the Greentrac tire brand, taking over the exclusive distribution of Greentrac truck tires in Greece.