Its sales amounted to 452 million euros Gr. Sarantis in the nine months of 2024, including Stella Pack, against €353.4 million in the nine months of 2023, up 27.9%, as announced.

Comparable sales in the nine months of 2024 (excluding Stella Pack) were €393.3 million versus €353.4 million in the nine months of 2023, up 11.3%.

Earnings before interest, taxes, depreciation and amortization (EBITDA), including Stella Pack, in the nine months of 2024 were €63.0 million compared to €47.8 million in the nine months of 2023, up 31.7% with the EBITDA margin to be formed at 13.9% (against 13.5% in the nine months of 2023) increased by 41 basis points. Operating profit (EBIT) increased by 29.9% compared to the nine months of 2023 and amounted to EUR 48.1 million (EBIT of the nine months of 2023: EUR 37.0 million).

The EBIT margin stood at 10.6% in 9M 2024 versus 10.5% in 9M 2023, up 16 basis points compared to the same period last year.

Excluding Stella Pack, earnings before interest, taxes, depreciation and amortization (EBITDA) in the nine months of 2024 stood at €54.7 million compared to €47.8 million in the nine months of 2023, up 14.3% highlighting the impact of the operating leverage from sales growth. The EBITDA margin reached 13.9% (versus 13.5% in the nine months of 2023) increased by 37 basis points.

Operating earnings (EBIT) amounted to EUR 42.6 million in the nine months of 2024, up 15.1% compared to the nine months of 2023 (EBIT for the nine months of 2023: EUR 37.0 million) with an EBIT margin of 10 .8% in the nine months of 2024 versus 10.5% in the nine months of 2023, up 36 basis points.

THE Yannis Bourasmanaging director of Sarantis Group, commented on the financial results for the nine months of 2024: “We are particularly pleased to have recorded strong performance during this period as well, with the focused implementation of our strategy contributing to the further development of the Group. Our focus and continued investment in our core categories, combined with the extension of our market leadership in the Home Care category with the integration of Stella Pack, led to strong results during the nine-month period of the year. Our steadfast commitment both to simplifying internal processes and operations and to efficiency through our digital business transformation and to empowering our people through skills and capability development further fuels our sustainable growth momentum. As we head toward the end of 2024, we remain firmly on a growth trajectory, focused on achieving our annual goals as presented during our Investor Day held in March 2024. I would like to thank all of our people across all markets. us and the Group for their energy and commitment to further strengthen our business activities, co-creating further long-term value for all our stakeholders.”