A significant increase in all financial indicators was presented ELLINOIL group year-on-year, with management remaining optimistic about this year’s trajectory despite the risks associated with continued volatility in energy marketsgeopolitical tensions, inflationary pressures and tight monetary policy.

So Range of operations group increased by 150% and formed last year at the level of 3.8 billion euros from 1.5 billion euros in 2021, while in the same period the group’s gross profit amounted to 69.98 million euros against 43.74 million euros in 2021 year. Profit before tax, financial results and depreciation (EBITDA) was 33.1 million euros compared to 15.7 million euros last year, showing an increase of 110%. Accordingly, group consolidated earnings before tax (EBT) were €15.3 million compared to €5.1 million in 2021, and after-tax and minority rights (EATAM) consolidated results tripled to €12 million from €3.9 million. euro in 2021.

Group turnover increased by 150% to 3.8 billion euros last year from 1.5 billion euros in 2021.

As for the parent company ELINOIL, in 2022 EBITDA was 31.3 million euros from 14.8 million, profit before tax was 17.3 million euros compared to 6.05 million euros in 2021 and profit after taxes and rights minorities (EATAM) – 13.9 million euros against 4.68 million euros. million euros. Last year’s strong results also testify to the staff’s confidence in the company’s management, which declares optimism for the current year as well.

“For the new year, we remain optimistic despite the risk posed by continued volatility in energy markets, geopolitical tensions, inflationary pressures and restrictive monetary policy,” said ELINOIL CEO Yannis Aligizakis, commenting on the 2022 results.

For 2023 Elin strives to maintain its profitability by strengthening its competitiveness in the network of gas stations, by increasing the market share of power plants and electricity, as well as the search for new markets and products in international trade. At the same time, it will implement a major investment program to improve infrastructure at marina filling stations and will focus on the implementation of investment plans to convert it into energy with the commissioning of the first filling station. LNG-CNG in cooperation with BlueGrid and the implementation of the majority of the agreement with checkpoint to install chargers in your network.