The Viohalco Group reported record earnings and profits in fiscal 2022. These good results were driven by strong worldwide demand for the group’s copper and aluminum products, as well as a significant increase in cable and steel pipe inventories. As two 100% recyclable metals, copper and aluminum, support the global transition to sustainability, driving demand for products from Elvalhalcor, a subsidiary of the Viohalco Group. Viohalco’s real estate sector also posted strong double-digit annual growth last year, with the AGM deciding to distribute a gross dividend of €0.12 per share.

In particular, last year, compared to last year, the consolidated turnover increased by 30%, to 7 billion euros, due to an increase in selling prices. Consolidated adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) increased by 52% to 649 million euros as a result of increased turnover and higher margins. Also in 2022, compared to 2021, consolidated profit before tax was 375 million euros (+36%), and consolidated profit after taxes and minority rights was 266 million euros (+36.4%).

“In 2022, Viohalco companies maintained their positive momentum and showed strong results. Consolidated turnover increased by 30% to €6,986 million and consolidated adjusted Ebitda reached €649 million, up 52% ​​from 2021. This growth, achieved during a year of geopolitical and economic uncertainty, demonstrates the dynamism and resilience of Viohalco’s diversified business. Business model. This also reflects the long-term strong demand for Viohalco products due to global sustainability trends. Going forward, Viohalco’s diversified and sustainable business model is expected to effectively help the group’s companies further strengthen their positions in new and existing markets, ensuring Viohalco’s successful course in the coming years,” says Viohalco CEO Hippocrates Ioannis. Stasinopoulos.

The group has an order book of 1.35 billion euros and 670 million euros in the steel cable and pipe sectors, respectively.

In selected categories, the industrial sector representing aluminium, copper, cables, steel pipes, steel and technology activities posted a turnover of 6.955 billion euros and a profit before tax of 377 million euros. Adjusted operating income (a-EBITDA) of the industrial sector increased by 52% due to stronger turnover and higher margins, while operating profit (Ebitda) increased by 30% compared to 2021.

The Group has an order book of €1.35 billion and €670 million in the wire rope and pipe sectors, respectively.

In the real estate sector, Noval Property added 21 new properties to its portfolio in 2022, showing an asset value (real estate and holdings, including long-term leases) of €498 million and a net worth of €365.9 million. Noval has a turnover of 30 million euros, a capital expenditure of 40 million euros and a total building area corresponding to the company’s total portfolio of 465,000 sq.m.