The key takeaways of the company’s report are:
● Consolidated revenues increase by 0.43% to BGN 2.81 billion (~EUR 1.43 billion)
● EBITDA increases by 47.3% to BGN 308.1 million
● Assets increase by 11.8% to BGN 2.77 billion
Eurohold's consolidated revenue increased by 0.43% to BGN 2.81 billion, and thanks to improved efficiency and productivity in the insurance and energy business, the holding's operating profit before interest, depreciation and taxes (EBITDA) grew by more than 47% to just over BGN 308 million. The final net financial result for the period is nearly BGN 39 million compared to nearly BGN 80 million for 2023. The company's consolidated assets increased by about 12% to almost BGN 2.77 billion.
Eurohold's energy business largely managed to maintain the results achieved in the previous year in the conditions of lower exchange prices of electricity for business. It ended 2024 with revenues of BGN 2.29 billion and EBITDA of BGN 290.8 million. Eurohold's insurance business, which is concentrated in Euroins Insurance Group AD (EIG), continues to see an upturn with stable performance in all markets in which it operates. Its revenues increased by over 10% to BGN 530.3 million with EBITDA of BGN 21.9 million.
“We managed to achieve a good result in another challenging year. Investments in our energy business are already paying off and bringing additional value to shareholders and stakeholders, and transformation of our insurance business brings stability and sustainability. We expect a solid performance this year despite the major macroeconomic and geopolitical challenges in the region in which we operate”, commented Asen Minchev, CEO of Eurohold.
*EUR 1 = BGN 1.95583
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