ELARIS AG Achieves First Positive Operating Result in H1 2024

ELARIS AG has posted its first positive operating result in the first half of 2024. The company reported sales revenues of EUR 15.1 million, a 56% increase compared to the full year 2023. This growth is mainly due to a significant rise in vehicle sales across Europe.

EBITDA turned around to EUR +0.4 million, from EUR -2.3 million the previous year. EBIT also improved to EUR +0.3 million, up from EUR -2.5 million in 2023. The equity ratio rose to 35% by mid-2024, up from 15% at the end of 2023.

CEO Lars Stevenson highlighted that while the company has made progress, ambitious goals remain. ELARIS anticipates continued growth and a strong year-end driven by strategic milestones in internationalisation, software development, and business process optimisation.

The half-year interim report will be available on September 18.