Helped by stronger Q2 2022 performance, the Group’s consolidated revenue for H1 2022 surpassed the €1 billion threshold and reached €1,035.5m, up 26.1% versus the first half of 2021.
This reflects solid demand across most markets coupled with price increases across countries and products. Top line growth was supported by stronger US$ and US$-linked currencies (in local currencies growth was 21.3%).
EBITDA increased by 7.1% to €92.7m in Q2, while for H1 2022 it reached €139.1m, down by 2.5%, held back by the spike in energy costs and freight rates, as the effect of price increases was not yet fully in place in Q1.
Net profit after taxes and minority interests was €43.9m in Q2, 2.9% higher than Q2 2021, while for H1 it reached €45.2m vs €58.0m last year, due to the weak Q1 result. In Q2 2022, sales continued strongly in all regions of operation.
The Group was able to move forward with price
increases, announced at the end of 2021 and in the first half of 2022, in order to offset the continuously rising
energy and input costs. The Group is constantly monitoring various input costs amidst this volatile environment
and is following a dynamic pricing policy, safeguarding profitability levels.
