Viohalco (GB:0QI2) has released an update.
ElvalHalcor, a Viohalco subsidiary, reported a significant improvement in financial performance for the first nine months of 2024, with operating profitability (adjusted EBITDA) reaching 180 million euros and a notable increase in profit before tax to 90.7 million euros. The company also achieved a decrease in net debt by 171 million euros, driven by improved working capital management and strong cash flow. Despite global economic challenges, ElvalHalcor increased sales volume, benefiting from high metal prices and robust demand in the aluminum segment.
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