The Greek Deal.com
ELVALHALCOR
Turnover at €2.59 billion in the 9 months
ElvalHalcor Group continued its upward trend in the period January–September 2024, recording an improvement in working capital and a decrease in net debt.
Skeptical about the future and the course of the industrial sector
The President of ELVAL, Michalis Stasinopoulos, appears to BnB Daily as skeptical about the future and the course of the industrial sector.
Consolidated net profit of €50.9 million in the first half of the year
ElvalHalcor Group remained on an upward trend in the first half of 2024, despite sluggish economic activity in Europe, high inflation, geopolitical crises, and increased economic uncertainty.
For a further 5 years 5% duty on imports to Turkey
Elvalhalcor declared that the import duty, which was initially set at 5% for the company in the investigation, on copper tube and pipe products from Greece in 2017 will be partially enforced for an extra five years by the Turkish Ministry of Commerce.
Operational profitability and decrease of net debt
The ElvalHalcor group's net sales decreased by 12.2% to €816.6 million in the first quarter of 2024 from €930.5 million in the same period of 2023, primarily due to lower average metal prices.
Nikolaos Psyrakis is the new CFO
ElvalHalcor has announced a change of executives.