ELLAKTOR reports 82% jump in net profit in the first quarter of 2024
ELLAKTOR reports 82% jump in net profit in the first quarter of 2024

ELLAKTOR reports 82% jump in net profit in the first quarter of 2024

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was recorded at €51.3m
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RE+D magazine
06.06.2024

ELLAKTOR announced its key financial figures for the Q1 2024 reporting revenue at €90m.

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) at €51.3m, representing a 15% increase (Q1’23 €44.7m from C.O.). EBITDA margin at 57%, vs. 49% in the same period last year.

 Profit Before Tax (PBT) amounted to €32.1m, an increase 58% (Q1’23 €20.4m from C.O.). Net Profit at €24m vs. profit €13.2m from C.O. in the same period last year. Positive Operating Cash Flows at €35.6m.

Group Net Cash1at €493m as of 31.03.2024, compared to €308m as of December 31, 2023. Cash and cash equivalents of the Group amounted to €707m as of 31.03.2024, compared to €521m at the end of 2023.

Total Equity exceeds €1 billion (€1,004.4m), i.e. €2.89 per share.