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AS COMPANY
Increased sales and improved EBITDA in nine months
AS Company closed the 9 months with increased sales and improved EBITDA.
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Stratos Andreadis, CEO AS Company

AS Company closed the 9 months with increased sales and improved EBITDA. The decline in sales recorded in H1 2024 at group level was reversed with a dynamic 14.5% increase in Q3 2024, which resulted in a 3.0% increase in consolidated sales compared to the corresponding nine months of 2023.

The largest sales increase was recorded in Romania, with 20.6% compared to the corresponding period in 2023. 2023, the largest increase in gross profit in 2023, with the largest increase in the number of employees in the region (2023). Gross profit as a percentage of sales improved compared to the previous year's period and stood at 51.1%, confirming the company's strategy in high value-added products.

The group's financial position remains strong. Cash and cash equivalents, investments at fair value, and the value of investment properties showed a significant increase compared to 31.12.23.

The firm commitment to margin growth is reflected in the improvement in EBITDA and EBT. EBITDA amounted to €3,703 million, an increase of 2.6% Similarly, EBT amounted to €4,009 million compared to €3,773, an increase of 6.3%.

The new category of infant development products was launched dynamically in September, after the company acquired the exclusive distributors of Chicco & Boppy, Bebe Comfort, and Safety First products. This is a strategic step that enriches the company's product portfolio and strengthens its position in the market.

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