ALPHA TRUST HOLDINGS S.A.: First Half of 2024 Results

ALPHA TRUST HOLDINGS today announced its financial results for the first half of 2024, in accordance with International Financial Reporting Standards.

The Group’s turnover amounted to €4.130 thousand compared to €3.357 thousand for the previous year. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) amounted to €845 thousand, compared to €455 thousand in the first half of 2023.

The key indicators for the Group are as follows:

  • The turnover for the first half of 2024 amounted to €4.130 thousand, compared to €3.357 thousand in the first half of 2023, showing an increase of 23%.
  • EBITDA for the first half of 2024 amounted to €845 thousand compared to €455 thousand in the first half of 2023, showing an increase of 85,71%.
    The EBITDA margin stood at 20.46% for the first half of 2024, compared to 13.54% for the corresponding period of the previous year.
  • Earnings Before Interest and Taxes (EBIT) amounted to €661 thousand for the first half of 2024, compared to €295 thousand for the same period of the previous year, showing an increase of 124%.
  • Earnings Before Taxes (EBT) amounted to €646 thousand for the first half of 2024, compared to €338 thousand in the first half of 2023, showing an increase of 91.12%.
    The pre-tax profit margin was 15.64% for the first half of 2024, compared to 10.07% for the same period in 2023.
  • Profits after tax from continuing operations amounted to €506 thousand for the first half of 2024, compared to €283 thousand for the first half of 2023, showing an increase of 78.79%.
    The net profit margin was 12.25% for the first half of 2024, compared to 8.43% for the first half of 2023.
Key Financial Figures First Half 2024
Amounts to € 000Η1 2024Η1 2023Δ%
Turnover4,1303,35723%
Gross profits2,6002,08524.70%
Gross Profit Margin62.97%62.11%+86bps
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)84545585.71%
EBITDA margin20.46%13.54%+692bps
Earnings Before Taxes (EBT)64633891.12%
EBT margin15.64%10.07%+557bps
Profits after Taxes50628378.79%

Commenting on the financial results, the CEO of “ALPHA TRUST HOLDINGS”, Mr. Chris Aesopos noted: “Our major investment program, focused on technology, was largely completed last year. This, combined with the upward trend in the markets and increased investment interest, had a positive impact on the Group’s results“.

It is noted that during the Ordinary General Shareholders Meeting on May 15th, 2024, the distribution of a dividend of €1.730 thousand was approved, which corresponds to €0.5629 (gross) per share.

The Financial Report is available on the Company’s website https://atrust.gr/ as well as on the website of the Athens Stock Exchange www.athexgroup.gr.

Kifissia, September 27th, 2024