ELLAKTOR Group returns to profitability after 11 consecutive loss reporting quarters

Group revenue in the first quarter of 2022 reached €220.2million, increased by 14.1% compared to Q1’21 (€193.0m). 

Gross Profit in Q1’22 amounted to €74.9m, increased by 49.7% compared to Q1’21 (€50.1m). 

Selling & Administrative expenses (excluding depreciation) stood at €12.0m in Q1’22 compared to €13.3m in Q1’22, a decrease of 9.3%.

Strengthening Operating Profitability for Q1’22, with comparable EBITDA at €67.3m (reported EBITDA €58.3m) vs €40.9m in Q1’21, an increase of 64.5%. 

Comparable EBITDA margin at 30.6% in Q1’22 (reported EBITDA margin 26.5%) vs 21.2% the corresponding period of last year. 

EBIT in Q1’22 reached €30.9m compared to €13.2m in Q1’21 the corresponding period of last year. Earnings Before Tax1 Q1’22 stood at €12m vs losses of €7.0m in Q1’21. 

Comparable Earnings After Tax1 Q1’22 stood at €14m (reported EAT €7.0m) vs losses of €9.1m in Q1’21 marking a net profitability after eleven loss-making quarters.

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