ELLAKTOR reports increased sales in the first nine months of the year
ELLAKTOR reports increased sales in the first nine months of the year
  Listed  |  Economy  |  Greece

ELLAKTOR reports increased sales in the first nine months of the year

EBITDA in 9M’22, 67% increased vs 9M’21
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RE+D magazine
24.11.2022
ELLAKTOR Group has reported being in a profitable growth path, with sales increasing by 16% to €739m during the first nine months of the year and EBITDA up by 67% to €176m in the same period.

The results for the period ended in September 2022 are comprised as follows for the listed company, 

€739m Group Revenue in 9M’22, increased by 16% increase on an annual basis and €259m of sales in Q3’22, an increase of 6% vs the corresponding period ’21 €185m Comparable EBITDA1 in 9M’22, 41% increase vs 9M’21. 

€176m EBITDA in 9M’22, 67% increased vs 9M’21, while the EBITDA in Q3’22 reached to €59m, 8% increased vs the corresponding period ’21 

€102m Earnings Before Interest & Tax (EBIT) in 9M’22 an increase >100%, while EBIT in Q3’22 amounted to €38m, increased by 39% vs the corresponding period ’21 

€43m Earnings Before Tax (EBT) in 9M’22 vs losses of €40m in 9M’21, while EBT reached to €12m in Q3’22, increased by 52% vs the corresponding period ’21 

€16m Earnings After Tax (EAT) in 9M’22 vs losses of €56m a year ago, while EAT amounted to €3m in Q3’21 vs losses €2m the corresponding period ’21 

Net Debt : €608m as of 30.09.2022, from €578m on 31.12.2021, while net debt from Continuing Operations’ amounted to €412m 

Group Cash & Liquid Assets at €434m in 30.09.2022 vs €470 at the end of 2021 

Net Debt/Annualized comparable EBITDA down to 2.6x (2.6x over LTM Comparable EBITDA) 

Positive Operating Cash Flow reaching €39.8m for 9M’22 vs inflows of €22.5m in 9M’21

Find out more in the official press release.

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