ElvalHalcor group on Tuesday reported significantly higher sales in the second half of 2022, up by 28.8 percent compared to the same period in 2021, specifically to 3.714 billion euros from 2.883 billion euros, respectively.
The group said an increase in turnover in H2 2022 is due to increased sales in the aluminum sector, higher metals and processing prices, which trumped a tenuous geopolitical situation also burdened by surging energy rates and higher borrowing interest rates.
Consolidated adjusted earnings before taxes, interest, depreciation and amortization, metal result, and other exceptional items (a-EBITDA), which better reflect the operational profitability of the company, increased by 62.6 percent, reaching 271.2 million euros, against 166.8 million euros, compared to the respective prior year, driven by the improved conversion prices and the increase in sales volume.
Consolidated gross profit rose to 352.4 million euros compared to 234.9 million euros in 2021, while consolidated EBITDA amounted to 326.2 million euros, compared to 215.3 million euros in the previous year. The accounting metal result positively affected the above figures, standing at 61.5 million euros for the fiscal year, compared to 56.1 million euros for 2021.
Consolidated net financial results rose to 41.6 million euros in 2022, compared to 30.9 million euros in the previous year.
The increase is attributable to arise in net debt due to increased working capital needs, an increased investment program, and interest rates.
Specifically, the increased metal prices, higher production and sales volumes, as well as the temporary stock in semi-finished products, caused by the scheduled revamping of the extrusion press of the copper and alloys extrusion division of the company, which was successfully completed in October, significantly affected the group’s working capital during the fiscal year.
Consolidated after-tax profits reached 162.0 million euros in 2022, compared to 113.9 million euros in 2021. Profits after taxes and non-controlling interest rose to 159.3 million euros in 2022 or (0.4245 euros per share), compared to 111.7 million euros in 2021 (or 0.2976 euros per share).
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
