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Net profit of €64.1 million in nine months | TheGreekDeal.com
Ellaktor
Net profit of €64.1 million in nine months
Ellaktor Group recorded a net profit of €64.1 million with an increase of 35% year-on-year from continuing operations for the nine months of 2024, compared to EUR 47.6 million in the corresponding period of 2023.
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Efthimios Bouloutas, CEO Ellaktor

Ellaktor Group recorded a net profit of €64.1 million with an increase of 35% year-on-year from continuing operations for the nine months of 2024, compared to €47.6 million in the corresponding period of 2023.

Sales amounted to €221.7 million, compared to €209 million in the first nine months of 2023, an increase of 6%, while earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at €143.8 million, compared to €136.1 million in the first nine months of 2023, an increase of 6%, with an EBITDA margin of 65%.

Earnings Before Taxes (EBT) were €86.9 million, compared to €66.3 million in 9M 2023, an increase of 31%, while the group reported positive operating cash flow of €78 million.

The group's net liquidity stood at €359 million as of 30.09.2024, compared to €3022 million as of 31.12.2023. The Group's cash and immediately realisable assets amounted to €507 million at 30.09.2024, compared to €497 million at the end of 2023. Total equity was €789 million, or €2.27 per share.

According to the same announcement, the equity attributable to majority shareholders stood at EUR 757 million, or EUR 2.17 per share. Equity was affected by the return of capital to shareholders (TGS decision of May 31, 2024) for a total amount of EUR 174.1 million (EUR 0.50 per share).

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