OUR aluminum and copper industry ElvalHalcor increased its presence in the Greek economy, as seen in the recent IOBE study. In particular, the company’s production value in Greece increased by 28.8% and reached 2.5 billion euros compared to 1.9 billion euros in 2021. Similarly, there was a significant increase in employment, with a 7.9% increase in direct jobs per 3,000 jobs. eventually.

The industry, which is part of the Viohalco group, has also strengthened its export character, making exports worth 2.7 billion euros against 1.9 billion euros in 2021. This figure, according to the study, corresponds to 8.3% of the country’s industrial exports (excluding the oil sector), placing ElvalHalcor in 3rd place among the industrial sectors with the highest export value.

According to an IOBE study, the industry directly or indirectly supports 22,600 jobs.

How has the company’s investment footprint changed over the past five years? ElvalHalcor has implemented a €700 million strategic advanced technology program, of which €189.1 million was invested in 2022 alone. With this size, ElvalHalcor ranks third in Greece’s manufacturing sector in terms of investment. The industry’s technologically innovative investment plan strengthens its presence “at the forefront” of global sustainability trends and promotes the circular economy, energy transition, and the goal of climate neutrality, the company said. ElvalHalcor’s activities also affect employment in the country, with 22,600 jobs directly or indirectly supported by the industry in 2022. It is estimated that each job in the company created or supported another 6.6 jobs in the entire Greek economy.

The industry’s turnover in the first quarter of the year at a consolidated level increased by 1.2% to 930.5 million euros. Adjusted consolidated earnings before taxes, interest, depreciation, metalworking and other extraordinary expenses (a-Ebitda), which better reflects the company’s organic and cash earnings, was €70.3 million in the first quarter of 2023. €60.2 million compared to the first quarter of 2022 as a result of ElvalHalcor’s strong operating margin and lower metal prices.