Important imprint in its world sector defense Presents Elvalhalcor, a subsidiary of the Viohalco Group, as the company’s Deputy Chief Financial Officer, Angelos Yazitzoglou, said yesterday (8.5.2025) during a presentation of its financial results, adding that the company aims to further empower its productive presence in this area.
Already, the Greek copper and aluminum industry supplies large defense industries worldwide with materials for a variety of applications, such as ships, unmanned sea vessels, armor vehicles, anti -missile systems, and mobile business booths.
At the same time, the company is also active in the production of copper alloys for small and medium -sized ammunition films, as well as Kyathia for Calcons and Bullets. It also manufactures discs and sheets of high copper alloys, which are used to produce medium and large caliber missiles.
On alert for a blow due to US duties
Elvalhalcor is concerned about developments on new Trust duties in Aluminum by the Trump government, as fears are expressed that The copper will follow.
On the duties, the company’s CFO, Nikolaos Psirakis, stressed that The US market cannot cover internally the demand that exists to date. “So if US consumers do not stop consuming, the offer should continue to be covered by the same sources today,” he said.
It is worth noting that the Elvalhalcor Group maintains a presence in the US market with 8% of total sales to be directed to the USwhere markets have high margins of profitability.
“So far we haven’t seen any impact on our sales. We do not know how the situation will evolve, but we have an important advantage: the great dispersion we have both at the product level and at the market level, “said the company’s CFO.
According to him, the group proceeds to preventive design. “We will try to ‘run’ internal shots so that, if something happens in the market, we can be able to meet the required quantities,” Mr Psirakis underlined.
Elvalhalcor’s investment strategy
During 2024, the Elvalhalcor Group made small investments in the Bronze industry, mainly for the maintenance of sections, as well as some investments to enhance production capacity, which were completed this year.
“At the moment there are no determined investment shots, because we want to see how the markets will move to make the right decision,” Mr Psirakis said. However, they are sure to invest in investment, as “we are active in two sectors that do not make companies not to invest”, as he said.
For 2025, Investment amount is scheduled to move to slightly higher levels than 2024but without reaching the levels of 2022.
In the upward trajectory of the financial sizes of 2024 – Estimates for this year
Despite the challenges of the economic environment and reduced demand in the construction industry, Elvalhalcor has managed to continue its upward trend.
The company’s consolidated turnover (turnover) stood at EUR 3,438.5 million in 2024 compared to EUR 3,293.4 million in 2023, recording an increase of 4.4% thanks to increased volume of sales and high metal prices.
EUR 126 million increased pre -tax profits by 2024 versus EUR 43 million in 2023, with the Elvalhalcor Board of Directors proposing to the General Assembly of shareholders Dividend distribution of 0.09 euros per share.
In addition, the drive capital stood at EUR 538 million in 2024 from EUR 620 million last year, while Net lending was reduced by 169.9m eurosreaching EUR 643 million, as a consequence of the enhanced free cash flow of the Group that came, on the one hand, from the successful management of capital capital and the slowdown in investment, following the completion of the large investment programs of the aluminum industry and, on the other hand.
“The first quarter has begun well. We are within goals, “Mr Psirakis said optimistically, predicting that “In 2025 we will not be far away from what we achieved in 2024.”