Evropi Holdings Societe Anonyme (EVR) H2 2024 earnings summary

Executive summary

• Completed a major corporate transformation, including the merger with Intracom Properties S.A. and entry into the insurance sector through the acquisition of EUROPE ASFALISTIKI.

• Disposed of three investment properties for €54 million to secure capital gains and support future investments.

• Changed company name to Evropi Holdings S.A. and spun off the commercial sector, including Mothercare stores.

Financial highlights

• Net profit from continuing operations reached €8.1 million in 2024, reversing a €3.0 million loss in 2023.

• Turnover from continuing operations rose 94.7% year-over-year to €2.8 million.

• Real estate portfolio value increased by 224% to €134 million.

• Total assets grew 111% to €165 million; equity rose 164% to €120 million.

• Cash equivalents increased to €23.8 million from €0.5 million year-over-year.

Outlook and guidance

• Plans to complete the acquisition of the remaining 35% of EUROPE ASFALISTIKI, expanding further into the insurance sector.

• Strategic focus on property insurance, surety bonds, and large industrial risks for high-margin growth.