Strong financial performance by the Elvalhalcor Group in the first quarter of 2025, amid multiple challenges, according to a statement. Inflation and reference rates have declined further, but the ongoing geopolitical and economic uncertainty continued to negatively affect the global economic environment.
The group showed an increase in sales volume by 1.5% and its operating profitability compared to the corresponding period of 2024. The turnover stood at € 930.9 million in the first quarter of 2025, increased by 14.0%, compared to EUR 816.6 million in the corresponding period of 2024, affected by the rates of 2024.
More specifically, the values of metals in LME were maintained at higher levels than in the first quarter of 2024. The average aluminum price stood at EUR 2,497 per tonne in the first quarter of 2025 versus EUR 2,025 per tonne in the first quarter of 2024, ie 23.3%, while the average price of copper was € 8,875 per year. EUR 8,122 per tonne in the corresponding period last year, increased by 9.3%. The average zinc price stood at EUR 2,698 per tonne in the first quarter of 2025 compared to EUR 2,547 per tonne in the first quarter of 2024, ie 5.9%.
Consolidated gross profits amounted to EUR 82.3 million in the first quarter of 2025, compared to EUR 53.2 million in the corresponding previous period, while consolidated earnings before tax, interest and depreciation (EBITDA) stood at EUR 70.8 million versus EUR 44.8 million in 20. The results of metals, which stood in a profit of EUR 7.0 million for the first quarter of 2025 against losses of EUR 4.2 million in the first quarter of 2024.
Advertised consolidated earnings before taxes, interest, depreciation, metal results and other extraordinary costs (A-BBITDA), which better depict the group’s organic profitability, increased by 31.0% and stood at € 63.9 million in the first quarter of € 2025. Sales, processing prices and increased use of scrap, despite increased energy costs.
The consolidated net financial outcome (cost) stood at € 9.7 million for the first quarter of 2025, reduced by 22.4% compared to EUR 12.5 million in the corresponding period last year. This change is due to the € 95.5 million reduced net lending compared to the first quarter of 2024, as a consequence of increased operating profitability and the reduction of reference interest rates. It is noted that 70% of the total borrowing was at a fixed interest rate at the end of the period.
Consolidated earnings after tax amounted to EUR 41.6 million for the first quarter of 2025, compared to EUR 14.6 million in the first quarter of 2024, while consolidated profits after minority taxes and rights amounted to EUR 40.3 million for the period (or EUR 0.1074 per share) from EUR 12.9 million for € 20.9 EUR 0.0345 per share).
Commenting on the results, The General Manager of the Aluminum Branch, Nikolaos KarampatasHe said: “The aluminum industry has performed strong in the first quarter of 2025, despite the challenges in market conditions. Sales volumes increased, mainly in products in the products of the soft drinks, beverages and food packaging, as well as aluminum solutions for electric drive in the automotive industry.
In addition, there has been an increase in the volume of sales in the field of flexible packaging, enhancing its performance compared to those of the first quarter of 2024. Prioritizing our organic growth, maintaining a balanced mix of products and applying a disciplined approach to our capital management.
Commenting on the results, Copper General Manager Panos Loloshe said: “The industry has proved once again, how in a particularly demanding and fully competitive economic environment characterized by a variety of challenges and international uncertainty, our business model, through the development of innovative products and high -value -added industrial applications, as well as high quality services in a continuous growing way. Despite the adverse economic conditions, our industry has managed to maintain its functional profitability at high levels, confirming its resilience. “