Ellaktor SA
XBER:HLL
Ellaktor SA
Ellaktor SA is a holding company, which engages in the provision of construction, energy, and real estate development services through its subsidiaries. The company is headquartered in Athina, Attiki. The firm operates in the following business segments: construction and quarries, real estate development, concessions, wind farms, environment as well as other activities. The firm operates abroad in the Middle East countries, and more specifically in the United Arab Emirates, Qatar, Kuwait, Oman and Jordan, as well as in other countries, such as Germany, Italy, Cyprus, Romania, Bulgaria, Albania, Serbia, Slovenia, Croatia, Bosnia-Herzegovina, Former Yugoslav Republic of Macedonia (FYROM), the United Kingdom, Cameroon, Ethiopia, Turkey, the United States, Chile and Panama. The company subsidiaries include Aktor SA, Aktor Concessions SA, Andromachi SA, Yialou Anaptyxiaki SA and Reds Real Estate development SA, among others.
Ellaktor SA is a holding company, which engages in the provision of construction, energy, and real estate development services through its subsidiaries. The company is headquartered in Athina, Attiki. The firm operates in the following business segments: construction and quarries, real estate development, concessions, wind farms, environment as well as other activities. The firm operates abroad in the Middle East countries, and more specifically in the United Arab Emirates, Qatar, Kuwait, Oman and Jordan, as well as in other countries, such as Germany, Italy, Cyprus, Romania, Bulgaria, Albania, Serbia, Slovenia, Croatia, Bosnia-Herzegovina, Former Yugoslav Republic of Macedonia (FYROM), the United Kingdom, Cameroon, Ethiopia, Turkey, the United States, Chile and Panama. The company subsidiaries include Aktor SA, Aktor Concessions SA, Andromachi SA, Yialou Anaptyxiaki SA and Reds Real Estate development SA, among others.
RES Divestment: Ellaktor is finalizing the sale of 75% of its RES business to Motor Oil, with all approvals complete and financial closing expected by year-end.
Revenue Growth: Group sales increased by 16% to EUR 739 million for the first nine months, supported by strong performance in all sectors.
EBITDA Surge: EBITDA rose 67% to EUR 176 million, with comparable EBITDA up 41% to EUR 185 million versus last year.
Return to Profitability: The group reported a pre-tax profit of EUR 43 million and net income of EUR 16 million, reversing losses from the previous year.
Strong Construction Backlog: Construction backlog increased to EUR 2.7 billion, up 9% versus December 2021, signaling future growth.
Bond Buyback: Ellaktor is completing the buyback of its EUR 670 million international bond, with the process expected to finish by mid-December.
