News
Press Release - Financial Results 2024
Group Performance
| Indicator | Growth | 2024 | 2023 [1] |
| Turnover | +12,9% | €455,1 million | €403,0 million |
| Gross Profit | +32,6% | €120,1 million | €90,6 million |
| Profit Before Tax | +256,7% | €21,9 million | €6,1 million |
| Net Profit | +393,5% | €18,8 million | €3,8 million |
| EBITDA | +58,1% | €50,3 million | €31,8 million |
| Adjusted EBITDA | +53.2% | €57,0 million | €37,2 million |
- Turnover increased by 12,9%, reaching €455.1 million compared to €403.0 million in 2023.
- Gross profit rose by 32,6%, amounting to €120.1 million from €90.6 million, while profit before tax recorded a jump of 256,7%, reaching €21.9 million compared to €6.1 million in the previous year.
- Net profit after taxes amounted to €18.8 million, an increase of 393,5% compared to €3.8 million in 2023.
- Operating profit before interest, taxes, and depreciation (EBITDA) reached €50.3 million, marking an increase of 58,1% compared to €31.8 million in the previous year.
- Adjusted operating profit before interest, taxes, and depreciation (Adjusted EBITDA) stood at €57.0 million compared to €37.2 million in 2023, up by 53,2%.
Company Performance
| Indicator | Growth | 2024 | 2023 |
| Turnover | +6,2% | €253,7 million | €238,9 million |
| Gross Profit | +35,1% | €44,2 million | €32,7 million |
| Profit Before Tax | +2.187,9% | €11,3 million | €0,5 million |
| Net Profit | +2.178,0% | €10,3 million | €0,5 million |
| EBITDA | +56,8% | €22,3 million | €14,2 million |
| Adjusted EBITDA | +65,8% | €25,7 million | €15,5 million |
- Turnover increased by 6,2%, reaching €253.7 million, compared to €238.9 million in 2023.
- The Company’s gross profit strengthened by 35,1%, to €44.2 million, against 32.7 million in 2023.
- Profit before tax amounted to €11.3 million, recording an increase of 2.187,9%, while net profit after taxes rose similarly by 2.178%, reaching €10.3 million.
- The Company’s operating profit before interest, taxes, and depreciation (EBITDA) increased by 56,8%, reaching €22.3 million compared to €14.2 million in 2023.
- Adjusted operating profit before interest, taxes, and depreciation (Adjusted EBITDA) stood at €25.7 million compared to €15.5 million in 2023, marking an increase of 65,8%.
The financial results of 2024 confirm ALUMIL’s leading position. Through continuous innovation, commitment to quality, and strategic consistency, the Group strengthens its trust-based relationship with customers and partners worldwide.
[1] The line items of the consolidated Statement of Comprehensive Income for the comparative period ended 31.12.2023 have been restated to reflect the figures of ALUMIL YUG under discontinued operations (Note 12 of the Financial Statements)
Statement by the Chairman and CEO, Mr. Georgios Mylonas:
“ALUMIL moves forward with stability, boldness, and faith in its vision to redefine the boundaries of business success. Our growth is driven by foresight, global mindset, innovation, the empowerment of our people, and an enduring commitment to quality and customer service throughout the world.”
