Net income

Titan sales jump 33.1% in 2022

Titan Group reported a 33.1% jump its 2022 sales, totaling 2.282 billion euros, and said that the US and Greek markets accounted for more than 70% of group sales.

Consolidated EBITDA amounted to €331.2 million in 2022, with all markets recording double-digit growth rates.

Fourth-quarter EBITDA jumped to €96.7 million from €55.6 million in the same period in 2021.

Mytilineos posts greatly improved 2022 results

Athens-listed group Mytilineos said on Thursday its profit, turnover and dividend more than doubled while its debt declined and investments increased in 2022.

More specifically, net profit after minorities increased by 187% to 466 million euros from €162 million in 2021.

Respectively, earnings per share came in at €3.41, an increase of 186% compared to 2021.

Banks’ pre-tax profit down 18% in first five months

Ljubljana – Banks in Slovenia posted a total of EUR 174 million in pre-tax profit in the first five months of the year, which is 18.2% less than in the same period last year due to higher operating costs and the creation of net impairments and provisions, shows the monthly report by Banka Slovenije.

Luka Koper’s net profit nearly doubles in Q1 to over EUR 16m

Koper – Port operator Luka Koper posted a net profit of EUR 16.5 million for the first quarter of 2022, up 91% over the same period in 2021. Sales revenue rose by 23% to EUR 70.9 million, and transshipped goods were up 18% to nearly 5.9 million tonnes, show unaudited results released on Friday.

Papoutsanis: Increase in profits and turnover in the first quarter

Papoutsanis pre-tax profits increased by 46% to 1.1 million euros in the first quarter of 2022, while turnover amounted to 14.9 million euros, an increase of 45% compared to the first quarter of 2021. Profits after taxes amounted to 0.8 million euros compared to 0.5 million euros in the corresponding period of 2021, showing an improvement of 40%.

Retailer Mercator rebounds from loss on slightly higher sales

Ljubljana – Mercator, Slovenia’s largest retailer, recovered from last year’s deep loss as it posted a net profit of EUR 12.6 million for the first nine months of the year. Sales revenue was up by almost a percent to EUR 1.63 billion, shows the group’s earnings report released on Thursday.