Sunlight Group reports 52% hike in adjusted EBITDA, yoy

Sunlight Group, a member of the Olympia group, on Wednesday announced an increase of 54 percent in turnover for 2021, compared to the previous year, along with a 52-percent increase in adjusted EBITDA, or 32 million euros in absolute terms.

In a press release, the group said it is continued to implement a five-year 560-million-euro business plan, mostly aimed at expanding production capacity in the lead-acid and lithium-ion sector, as well as in energy storage systems.

Specifically, turnover in 2021 reached 272 million euros.

The company operates manufacturing plants in the northeast Greek cities of Xanthi, Komotini, Italy’s Verona, and in Greensboro, North Carolina.