Viohalco Reports Surge in 2024 Consolidated Revenues to 6.6bln€

Metal processing conglomerate Viohalco on Thursday announced consolidated revenue of 6.6 billion euros for 2024, up from 6.3 billion eruos in 2023. EUR 6.6 billion vs. EUR 6.3 billion in 2023.

The Belgium-based and mostly Greek-owned holding company of metal processing companies throughout Europe, which is traded both on the Euronext Brussels and the Athens Stock Exchange (ATHEX), also reported improved operational profitability and a net debt position.

Consolidated operational profitability (a-EBITDA) reached 604 million euros, compared to 537 million euros in 2023, with the company saying that most segments improved their operating performance.

Consolidated profit before income tax was 274 million euros, compared to 91 million euros in 2023, on the back of positive comparative effect on EBITDA of the stabilization of metal prices and reduced financial expenses.

In commenting on the results, Viohalco CEO Ippokratis Ioannis Stassinopoulos said:

“In 2024, Viohalco demonstrated resilience and agility across its markets, effectively navigating external challenges. Viohalco delivered a strong performance, growing a-EBITDA by over 12% to EUR 604 million and a significant increase in the consolidated profit before income tax amounting to EUR 274 million, despite persisting inflationary pressures and weak European growth. This performance allowed Viohalco to reduce net debt levels by EUR 360 million to EUR 1,513 million. There were also significant operational improvements across Viohalco’s segments.”