The company “Elve SA” has announced its financial results for the fiscal year 2024, based on the International Financial Reporting Standards (IFRS).

• The Company's sales in the fiscal year 2024 amounted to 14.19 million euros, compared to 12.85 million euros in the previous year, showing an increase of 1.34 million euros, or 10.46%. This increase is mainly attributed to the rise in revenue from work uniforms exported abroad, specifically to countries in the European Union. Domestic sales showed a decrease of 1.08 million euros, or 13%, while foreign sales showed a significant increase of 2.26 million euros, or 73%.
• The earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to 3.29 million euros compared to 2.58 million euros last year, showing an increase of 27.5%.
•  Pre-tax profits decreased to 1.68 million euros, compared to 2.29 million euros in the previous year, mainly as a result of extraordinary impairments of equipment amounting to 1.34 million euros. These impairments pertain to the replacement of photovoltaic panels aimed at increasing their efficiency and consequently boosting future revenue.
•  Post-tax profits amounted to 1.16 million euros compared to 1.77 million euros last year, representing a decrease of 34.5%, which is exclusively due to the extraordinary equipment impairment of 1.34 million euros, due to the replacement of photovoltaic panels.

AGIOS ANDREAS, April 29^th 2025