Viohalco

Viohalco celebrated a century of dynamic growth and constant evolution, with its starting point in 1924 and driving forces the vision, the expertise, the dedication and the boldness of its people. On Tuesday, April 8th, 2025, we held an event at our first manufacturing premises, at 252 Piraeus Street, in Tavros, Attica. An imposing production site, from where our industrial history began. The purpose of the event was to honour the history of Viohalco and all those who contributed, former and current employees, to its hundred-year journey of challenges, hard work, and successes in Greece and international markets. The centennial marks a significant milestone for Viohalco, highlighting its unwavering dedication to constant progress, while remaining true to its core and timeless values and principles. Our dynamic journey and continuous evolution have defined our presence, which has remained steadfastly focused on research, innovation, cutting-edge technology as well as on responsible entrepreneurship — and today, it stands at the forefront of global sustainable development trends. Please click here for more: https://lnkd.in/dw69KZ4U #Viohalco #100yearsViohalco #100yearsofhistory

Viohalco celebrated a century of dynamic growth and constant evolution, with its starting point in 1924 and driving forces the vision, the expertise, the dedication and the boldness of its people. On Tuesday, April 8th, 2025, we held an event at our first manufacturing premises, at 252 Piraeus Street, in Tavros, Attica. An imposing production site, from where our industrial history began. The purpose of the event was to honour the history of Viohalco and all those who contributed, former and current employees, to its hundred-year journey of challenges, hard work, and successes in Greece and international markets. The centennial marks a significant milestone for Viohalco, highlighting its unwavering dedication to constant progress, while remaining true to its core and timeless values and principles. Our dynamic journey and continuous evolution have defined our presence, which has remained steadfastly focused on research, innovation, cutting-edge technology as well as on responsible entrepreneurship — and today, it stands at the forefront of global sustainable development trends. Please click here for more: https://lnkd.in/dw69KZ4U #Viohalco #100yearsViohalco #100yearsofhistory

As the Forum celebrates its 10th anniversary, we're proud to take part in the Delphi Economic Forum X, taking place from April 9–12, 2025. Michael Stassinopoulos, Executive Director of Viohalco SA, Chairman of ElvalHalcor SA and President, Hellenic Production - Industry Roundtable for Growth will participate in three insightful panel discussions joining fellow experts, innovators and changemakers in addressing key challenges for the Greek and European industrial landscape. #Viohalco #DelphiEconomicForum #Innovation #GreekIndustry

Viohalco delivered strong results in 2024, demonstrating its companies’ operational resilience, disciplined financial management and strategic investments across its business segments. Viohalco successfully enhanced profitability, strengthened its financial position, and remained committed to long-term sustainable growth, despite a challenging operating environment. 📌 Consolidated revenue increased to EUR 6.6 billion, compared to EUR 6.3 billion in 2023. 📌Operational profitability (a-EBITDA) grew to EUR 604 million, up from EUR 537 million in 2023, supported by improved performance across most segments. 📌Profit before income tax amounted to EUR 274 million, a substantial increase from EUR 91 million in FY 2023, driven by stabilizing metal prices and reduced financial expenses. 📌Net debt reduced by EUR 360 million to EUR 1,513 million, reflecting effective working capital management and supported by the successful share capital increases of Noval Property and Cenergy Holdings. 📌Net debt/EBITDA ratio improved to 2.5 from 4.2 in 2023, further strengthening the Group’s financial position. 📌Proposed gross dividend of EUR 0.16 per share, reaffirming Viohalco’s commitment to delivering value to its shareholders. Looking ahead, Viohalco remains focused on leveraging its diversified business model, optimizing performance and expanding into new markets to drive sustainable growth. With strong financial foundations, operational efficiency and strategic investments, Viohalco companies are well-positioned to seize emerging opportunities in energy transition, electrification and infrastructure development. #Viohalco #FinancialResults #2024Performance #IR #Resilience #SustainableGrowth #CorporateLeadership

As the year comes to an end, we renew our wishes for a joyful holiday season filled with health and happiness. Happy & Prosperous New Year 2025!

Noval Property, a subsidiary of Viohalco, is the 2nd largest Real Estate Investment Company (R.E.I.C.) in Greece. The company holds a diversified, mature and resilient investment portfolio of 60 properties that includes office buildings, shopping centres, retail parks, logistics, residential, hospitality and industrial assets. Noval Property has recorded an impressive increase of its portfolio value by investing in and developing some of the most outstanding landmark properties in Greece. Underpinned by a strong capital structure, Noval Property implements its strategic #investment plan with #sustainability at its core, aiming at transforming the urban landscape with modern, high-quality, smart and environmentally certified buildings. Leveraging on its long-standing knowhow and expertise, Noval Property is committed to shaping the future of #realestate in Greece with a clear focus on excellence, innovation and sustainable development. #Viohalco #NovalProperty #REIC #propertyinvestment #esg

CORINTH PIPEWORKS, a subsidiary of Cenergy Holdings steel pipe segment, is one of the world's leading manufacturers of steel pipes and hollow sections for the energy and construction sectors. With over 50 years of experience, Corinth Pipeworks has successfully delivered highly demanding projects for leading energy companies worldwide. In the past 15 years alone, the steel pipes manufactured by Corinth Pipeworks could span more than half the Earth’s perimeter, powering pioneering projects for major energy companies worldwide. The company is committed to driving the energy transition by providing innovative solutions for demanding applications, including hydrogen transportation, carbon capture and storage, and natural gas transmission. Its state-of-the-art facilities and customer-oriented approach enable Corinth Pipeworks to deliver high-value products and services that meet evolving industry needs. Corinth Pipeworks is proud to contribute to a sustainable energy future. Discover more: https://www.cpw.gr/ #Viohalco #CenergyHoldings #CorinthPipeworks #SteelPipes #Sustainability #EnergyTransition #Innovation

For H1 2024, Viohalco’s financial performance remained strong in a challenging operating environment, as a result of the optimisation of product mix and disciplined cost control. • Consolidated operating profitability (a-EBITDA) remained strong, reflecting a shift toward higher margin product categories and disciplined cost control and amounted to EUR 273 million (H1 2023: EUR 269 million); • Consolidated revenue for H1 2024 was affected by the sales mix among segments, in an environment of ongoing demand weakness in the European manufacturing and construction sectors, amounting to EUR 3.3 billion (H1 2023: EUR 3.4 billion); • Consolidated profit before income tax increased due to the organic growth of the cables and steel pipes segments, while metal effect turned slightly positive against significantly negative in 2023, amounting to EUR 112 million up from EUR 61 million in H1 2023; • Net debt slightly increased by EUR 55 million to EUR 1,928 million, due to working capital seasonality, which was nonetheless effectively managed particularly in the aluminium, cables and steel pipes segments despite supply chain disruptions and the volatility of metal prices. Looking ahead, Viohalco remains committed to harnessing its core strengths, adapting to evolving market conditions, and enhancing performance to consistently deliver value to its stakeholders. #Viohalco #financialresults #sustainability #megatrends #growth