According to the company’s business plan, the goal is for the turnover to reach 32 million euros in 2024, and already in the first quarter of the current financial year, Iktinos recorded a 10% increase in turnover compared to the previous financial year.
The company that counts 50 years of activity in the mining industry and in particular in the mining and trading of marbles has 3 industrial units in Drama and Athens and 10 active quarries while it added 4 new quarries to its potential.
In particular, in the area of Drama, a quarry with white dolomite marble from which 9,000 tons are planned to be extracted.
However, the company announced negative results in 2023 and for this reason it proceeded to the restructuring of its borrowing.
Iktinos has particularly strengthened its position among the largest marble companies in Greece and worldwide, holding a market share of over 15% through a highly developed sales network and has developed underground mining.
Ioulia Haida: The new quarries will give a significant boost to the company’s development
According to its deputy CEO Ioulia Haida, the new quarries will give a significant boost to the development of the company, which aims to strengthen its exports with an emphasis on the Indian market, expecting a tripling of its exports to that market.
Iktinos exports 95% of its production to more than 90 countries, with the main destination being China, which now covers 35% of our turnover, followed by markets such as America, the countries of the Arabian Gulf and the Far East, Dubai and Saudi Arabia.
The aim is to fill the export gap created by the recession of the construction industry in China, a market to which Iktinos exported 80% of its production in 2018.
