Autohellas Group has released its annual results for 2024, achieving a historic high in after-tax profitability for the fourth consecutive year.

According to the publicly traded company, consolidated revenues were €985.7 million, down slightly by 1.7% from €1,002.7 million in 2023. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose to €278.4 million, representing a 2.3% increase, while post-tax profits reached €89.5 million, reflecting a 5% increase compared to 2023.

Notably, after-tax profits attributable to Autohellas shareholders, after adjusting for minority interests, saw a significant rise of 9.9% from the previous year, driven by robust growth in the leasing segment, which is devoid of minority shareholders.

Both short-term and long-term leasing activities in Greece and the eight other countries where the Group operates demonstrated positive momentum in terms of revenue and profitability, supported by a fleet of over 60,000 vehicles.

However, the automobile trading sector experienced a slight downturn from the peak levels of 2023, contributing to the overall marginal revenue decline. The Group's profitability in 2024 was bolstered by €8.0 million in dividends from AEGEAN and €1.6 million from Trade Estates' dividend distribution.

The Group also benefited from reduced financing costs due to favorable interest rate trends and successfully issued its first tradable bond loan, alongside entering new securitization agreements for long-term leases under significantly improved terms.

 As of December 31, 2024, the Group's equity stood at €490 million.