In a year of subdued market demand and a slower investment and consumption pace due to increased interest rates, ElvalHalcor managed to achieve robust operational profitability with a-EBITDA at EUR 239.3 million. Moreover, increased financial costs were partially offset by the decrease in net debt, due to lower working capital needs and the slowdown of investments following the completion of the lacquering line during the first half of the year.
View the full presentation of ElvalHalcor’s 2023 financial results by CFO Spyros Kokkolis here.