the. Exarchou (Intrakat): Return to profitability – outstanding record

On her new page Intercatwho returned to Profitability In the First half of 2023 He has a distinguished record balance reported by the Vice President and Managing Director, Mr. Alexander ExarchoDuring the presentation of the results of the first semester to analysts.

Mr Exarcho, who took over the company a year ago, also expressed optimism about the company’s future trajectory, citing strategic changes in approach towards service providers and contractors, while responding to a related question, he did not rule out the possibility of a new deal.

Mr. Exarcho particularly highlighted two key points for the company. One of them relates to the successful capital increase of 100 million euros, at the beginning of the year, which was able to lead the company to a new development path, as well as the acquisition of Aktor, which will create a strong and distinguished company. A diverse organization that will play an important role, not only in Greece, but also in the entire South-Eastern Europe.

Commenting on the company’s performance in the first half of 2023, Mr. Exarcho stated, “Sales volume rose decisively compared to last year in less than 12 months, and we succeeded in returning the company to operational profitability, bringing in new energy income, which has now become an investment priority.” Strategically for us, we have significantly improved our capital base and enhanced our liquidity.

We have undertaken several new major projects, both historic and development in nature, pushing our backlog to a new all-time high. We are resolutely implementing our strategic plan and with the strong support of our shareholders, we are transforming Intrakat into one of the leading groups in Greece.”

Regarding the financial numbers, both Mr. Exarchou and the company’s CFO, Mr. Kostas Adamopoulos, pointed out the main points: increasing business volume by 45%, returning to operating profitability with pre-tax profits of 23.2 million euros and EBITDA of 9 million euros, Net profit of €17.7 million, new record backlog of €2.1 billion, 138% increase in cash, strong equity of €177 million, 194% increase and financial consolidation, with a 26% reduction in net lending.

Regarding the additional trajectory of EBITDA margin, it is expected to register a further increase of 6%.

At the same time, Mr. Exarchu also pointed out the company’s new strategy and the prospects for implementing new projects. On the horizon are projects worth 40 billion euros that must be implemented. The goal is for the company to participate in as many as possible in order to increase sales volume and profitability.

Responding to a related question about expanding activities abroad, Mr. Exarchu did not fail to point out the strong interest in new projects in Romania, but also in the real estate and tourism sector, where the company will proceed with new steps. In the presentation, he made particular reference to renewable energy sources and to the target of installed capacity of 350 MW over three years.