MEVACO S.A.

Announcement Financial Results for Fiscal Year 2024

MEVACO METALLOURGIKI S.A. Announces Strong Financial Results for Fiscal Year 2024

 

Athens, 29 April 2025 – MEVACO METALLOURGIKI S.A. (trading on the Athens Stock Exchange under the distinctive title “MEVACO S.A.”) today announced its financial results for the fiscal year ended 31 December 2024.

  • The Company reported a turnover of €60.80 million for 2024, marking a 41.52% increase from €42.96 millionin 2023. This strong performance was primarily driven by sustained demand for the fabrication of metal support structures for Photovoltaic Parks, both in Greece and in international markets.
    • Gross profit reached €14.31 million, compared to €9.35 million in the prior year, reflecting a notable 53.14% increase year over year. This improvement was fueled by higher sales volumes and enhanced production efficiencies, leading to a 1.78 percentage point increase in the gross profit margin.
    • Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose to €7.66 million, compared to €4.95 million in 2023, recording an increase of 54.91%, consistent with the growth in gross profitability.
    • Profit before tax (PBT) was €6.56 million, a 60.89% increase from €4.08 million a year earlier.
    • Net profit after tax (NPAT) stood at €5.05 million, up 59.18% from €3.17 million in 2023.

Throughout the fiscal year 2024, MEVACO SA continued to accelerate its dynamic growth, leveraging its industrial expertise, advanced manufacturing capabilities, and specialized technical know-how. The Company strengthened its export-driven profile, a core pillar of its strategic vision.

MEVACO’s ability to consistently deliver technically complex, high-value and high-specification projects—while establishing and maintaining strategic partnerships with globally recognised companies—underscores the Company’s operational excellence, broad production capabilities, and the agility and adaptability of its business model.

Looking ahead to 2025, MEVACO remains committed to ongoing investments in innovation and quality, while actively reinforcing its strategic and international alliances. The Company’s strategic goal is to sustain its growth trajectory and continue delivering strong financial and operational results.

At the strategic level, the Company is expected to continue a dynamic yet prudent growth policy, given the prevailing global economic uncertainties. These uncertainties stem from ongoing geopolitical conflicts and intensifying global trade tensions, which continue to create volatility and destabilise the global economic environment.

 

                                                                                                        Aspropyrgos, Greece 29 April 2025