Ellaktor profits jump in 2022

ATHEX-listed Ellaktor Group said on Thursday its 2022 turnover totaled 1.04 billion euros, up 14% from the previous year, and its EBITDA jumped 45% to €239 million.

Pre-tax profit was €68 million in 2022, after a loss of €29 million in 2021, while after-tax profits totaled €519 million, boosted by the sale of a 75% equity stake in the renewable energy sources sector.

Net liquidity was 508 million euros in 2022 from €470.9 million a year earlier.

Efthymios Bouloutas, CEO of the group, said 2022 was a landmark year for the group following a restructuring strategy in the last two years which led to a return to profitability.