ALUMIL continues its steady growth trajectory in the first half of 2024, maintaining its momentum and expanding its operations despite global challenges and the volatile international economic environment.

Group Performance

Specifically, the Group achieved a 9.7% increase in turnover, reaching €214.8 million for the period ending June 30, 2024, compared to €195.8 million for the corresponding period in 2023.

Gross profit rose by 25.9%, reaching €57.8 million, compared to €45.9 million in 2023, while pre-tax profits amounted to €12.1 million, representing a 152.1% increase from €4.8 million in the first half of 2023. Net profit after taxes reached €9.0 million, marking a 221.4% increase compared to €2.8 million last year.

This growth reflects the improved operational and service efficiency of the Group, ALUMIL’s new business model, and a strong demand for its products, especially those of higher specifications with greater added value.

Operating earnings (EBITDA) amounted to €26.0 million, a significant increase of 51.2% compared to €17.2 million in 2023. This demonstrates the successful management and increased return on the Group’s investments.

Company Performance

The Company’s turnover increased by 2.4%, reaching €130.4 million in 2024, compared to €127.3 million in 2023. Profitability rose significantly, driven by operational upgrades, innovation investment, and increased efficiency.

Gross profit saw a significant rise of 37.8%, reaching €23.7 million compared to €17.2 million for the same period in 2023. This strong increase reflects effective pricing strategies and continuous optimization of production processes.

Pre-tax profits for the Company stood at €5.0 million, marking a 38.9% increase compared to €3.6 million in the first half of 2023. Net profit after taxes rose by 37.0%, reaching €3.7 million, compared to €2.7 million in 2023.

The Company’s operating profits (EBITDA) saw an impressive increase of 70.1%, reaching €13.1 million, compared to €7.7 million during the same period last year. This growth confirms the strong financial performance and rewards the implementation of strategic initiatives for efficient use of operational resources.

The President and CEO

"2024 is proving to be an exceptional year for ALUMIL, despite ongoing global challenges and market fluctuations. The increase by 15.2% in volume and by 9.7% in sales volume during the first half of the year and the 221.4% rise in net profits compared to 2023 are clear indicators that our strategy is bearing fruit” notes President and CEO Mr. Georgios  Mylonas. He emphasizes that "in an environment full of uncertainty, we managed to enhance our performance and strengthen our international presence, reaffirming our leadership position in the aluminum industry."

“2024 is a milestone year for us as we are heavily investing in innovation and automation. The artificial intelligence technologies we are integrating into both our aluminum extrusion and coating production lines, the operation of our new robotic warehouse, and our automated packaging and production lines increase our productivity while reducing our environmental footprint," Mr. Mylonas highlights. He also notes that "we continue to boost our investments with the goal of fully digitizing and transforming the Group through digital innovation."

“We aim to lead the industry not only through the growth of our figures but also through the implementation of sustainable practices and cutting-edge technologies," concludes Mr. Mylonas, adding that "looking ahead, we are committed to continuing our growth with respect for the environment and innovation at the core of our activities."

Growth and Strategic Investments

ALUMIL continues to vigorously implement its strategic investments both in Greece and abroad, aiming to increase its production capacity, address EU regulatory constraints, and expand its international activities. These investments, which include the automation of production lines, the integration of artificial intelligence technologies, and the expansion and improvement of storage and logistics facilities, support the company’s sustainable growth strategy.

The company remains focused on innovation and automation, incorporating robotics into production, storage, and distribution processes, as well as digitizing operations and developing proprietary IT platforms and applications. These include digital platforms for use by partners and customers worldwide, accessible even via smartphones. By investing in new technologies and upgrading its existing infrastructure, ALUMIL is positioned to meet the growing global demands of its customers. With this growth trajectory and strong financial performance, ALUMIL confidently moves forward with its 2024 goals, focusing on innovation, sustainable development, and strengthening its global presence.