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Ellaktor Group says EBITDA up 45% in 2022

Efthimios 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.

Ellaktor Group on Thursday said its 2022 turnover totaled 1.04 billion euros, up 14% from the previous year and its EBITDA jumped 45% to 239 million euros. Pre-tax profit was 68 million euros in 2022, after a loss of 29 million in 2021, while after tax profits totaled 519 million euros, boosted by the sale of a 75% equity stake in the Renewable Energy Sources sector. Net liquidity was 508 million euros in 2022 from 4709 million a year earlier.

Efthimios 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.