The ElvalHalcor Group reported robust performance in Q1 2025, capitalizing on favorable pricing despite a market correction in March and a resurgence in demand for aluminum and flexible packaging. The company continues to prioritize effective working capital management, successfully reducing net debt by €95 million as of March 31, 2024, while keeping investments limited.
The management team of the Greek publicly traded company highlighted that the balance sheet reflects dynamic aspects, particularly in profitability. The ElvalHalcor Group is experiencing growth in turnover alongside strong selling prices for its products, navigating various challenges amid ongoing geopolitical and economic uncertainties.
The group achieved a 1.5% increase in sales volume and a 31% rise in organic profitability (a-EBITDA), reaching €63.8 million, alongside a €95 million reduction in net debt. Profits before taxes rose to €45.3 million, compared to €14.6 million in the previous period.
In the aluminum sector, although higher energy costs negatively impacted results, operating profitability improved due to a better product mix, increased scrap usage, and higher processing prices, particularly for flexible packaging. The sector’s investment for Q1 was moderate, amounting to €11.6 million, compared to €13.4 million in the same quarter last year.
