Thessaloniki, September 29, 2025

 

PRESS RELEASE

Increase in turnover and improvement of profitability of the listed company E.In.S. S.A. (formerly Euroconsultants S.A.) during the first half of 2025 compared to the corresponding period of the previous year. Maintenance of EBITDA margin at high levels.

The positive financial performance of 2024 continued into the first half of 2025. Specifically, the Company’s turnover amounted to €3,033 thousand, while at Group level it amounted to €3,134 thousand, increased compared to the corresponding period of 2024 by 32% and 34% respectively for the Company and the Group. The gross profit of the Company and the Group amounted to €1,170 thousand and €1,166 thousand respectively, while in the same period of 2024 these figures had amounted to €1,012 thousand and €998 thousand respectively. Both consolidated and corporate earnings before interest, taxes, depreciation, and amortization (EBITDA) increased compared to the previous half-year and reached €1,104 thousand and €1,108 thousand for the Group and the Company respectively, slightly improved compared to the corresponding period of 2024. The EBITDA margin, including all one-off effects from non-operating activities, stood at 35% for the Group and 36.5% for the Company, remaining at significantly high levels.

The equity-to-total liabilities ratio showed significant improvement, reaching 165% for the Company as of June 30, 2025, compared to 150% on June 30, 2024. Significant improvement was also recorded in the current assets-to-short-term liabilities ratio, which stood at 459% for the Company and 456% for the Group. It is noted that, beyond the high existing backlog of projects already contracted, the Company is also competing for new projects, the value of which exceeds more than twice the estimated turnover for the full year 2025.

In addition, the Company continues to maintain high cash reserves (€2,309 thousand), double the level of the same period last year. At the same time, its borrowing was further reduced in the first half of the year and will be fully eliminated with the early repayment of its leasing, which will take place in the first days of October 2025, prior to the upcoming sale of the Company’s entire building scheduled within October (i.e. both the part it already owns and the part it will acquire through the repayment of the leasing). Furthermore, the Company no longer has any obligations towards the Hellenic Social Security Institution (EFKA), as within the first half of 2025 it fully prepaid all of its restructured liabilities (amounting to approximately €118 thousand). It should be noted that, after the sale of the building, the Company will continue to house its activities in the same premises, with no operational changes whatsoever, having secured its long-term stay through a long-term lease agreement.

Commenting on the Group’s performance, Mr. Stathis Tavridis, CEO of the Company, stated:
“The positive performance of 2024 continues and represents the vindication of both our shareholders’ trust and the efforts of the Company’s management and employees. Thus, the Company maintained its positive momentum and significantly high EBITDA margin, while simultaneously achieving an increase in available liquidity, elimination of debt, and improvement of key financial indicators. These performances are expected to continue, providing solid assurances for the continuation and further expansion of the Company’s growth cycle in the coming years. The maintenance of EBITDA margin at levels around 40% demonstrates the resilience of the Company’s operating profitability and at the same time provides the necessary degrees of freedom for Management to explore the possibility of expanding into other areas of activity, which will contribute to the increase of turnover while maintaining EBITDA margins at high levels.”

Beyond the increase in the Group’s organic profitability from ongoing operations, the absolute strategic priority of Management is the enhancement of operating profit sources through the transformation and diversification of the Group’s activities, with emphasis—based on the already significant specialization and know-how of the Group—on further strengthening and expanding its presence in the field of high value-added services in innovation and technologies. In this context, and with a move of strategic significance, European Innovation Solutions is strengthening its innovative profile, spearheaded by technological transformation and entry into critical frontier sectors such as defense, green growth, and dual-use technologies. The Company, with a strong legacy in consulting services, is undergoing re-branding, while at the core of EinS’s new strategy lies the attraction of institutional investors. The Company’s Management aims to increase the participation of domestic and international institutional portfolios, further enhancing shareholder base dispersion and transparency.

Taking into account the particularly high liquidity secured from the sale of the building, combined with the ongoing liquidity generated from operating profitability, Management continues its exploratory discussions and contacts regarding strategic participation in additional activities beyond the existing ones, with the purpose of increasing/diversifying turnover and EBITDA, through acquisitions of companies and/or partnerships with high value-added companies with complementary and highly specialized expertise.

The Company’s Management remains committed to implementing its strategic plan for maximizing shareholder value and, within October, after the completion of the building’s sale and the collection of the proceeds, it will propose shareholder reward measures”.