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Intracom Holdings reports higher 2018 results

Featured Intracom Holdings reports higher 2018 results

Intracom Holdings on Tuesday said its consolidated sales totaled 470.7 million euros in 2018, up 18.5 pct compared with the previous year, reflecting a 58 pct jump in the sales of Intrakat.

Consolidated EBITDA rose 10 pct to 32.3 million euros last year, while pre-tax earnings jumped 64 pct to 6.8 million euros.

Dimitris Klonis, CEO of the Group, commenting on the results said: "Our performance seals the new dynamic growth cycle of Intracom Group. 2018 will be the start of a stronger growth with integrated strategy of strengthening our innovative character, expand our portfolio and capitalizing on our expertize and know-how on implementing complex projects."