SIDMA: Optimism for the current fiscal year, driven by rising steel prices

The construction sector’s backlog is substantial, exceeding 16.5 billion euros.

SIDMA: Optimism for the current fiscal year, driven by rising steel prices

This article is an AI translation of an original piece published in Greek. Read original

Positive financial results, strengthened operating profitability, and optimism regarding the outlook for the steel and infrastructure markets were presented by the management of SIDMA Metallurgics during the Annual General Meeting of Shareholders, held on June 9, 2026.

The Chairman of the Board of Directors, Mr. A. Karadeloglou, referred to the positive trajectory of the Greek economy despite international geopolitical and trade challenges.

He noted that investments in infrastructure, the utilization of Recovery Fund resources, and the stability of the banking system are creating significant opportunities for industry and the steel sector. At the same time, he emphasized that the company is consistently pursuing efforts to strengthen its competitiveness and operational efficiency, remaining committed to creating value for shareholders and maintaining a sound financial position.

For his part, the company’s General Manager presented the 2025 financial results, describing them as particularly encouraging in a challenging year for the international market.

The Group’s key financial figures for 2025:

Revenue: Stood at €181.7 million, marking a marginal decrease of 2.5%.

• EBITDA: Increased significantly by 43.7%, reaching €8.6 million.

Pre-Tax Profit: The Group made a strong return to profitability with €1.8 million (compared to a loss of €2.1 million in 2024). Accordingly, the parent company recorded pre-tax profits of €1.2 million.

Management attributed this positive trajectory to the expansion of the gross profit margin, effective cost control, optimization of the supplier portfolio, as well as the ongoing deleveraging and strengthening of the Group’s capital structure.

The contribution of the subsidiary in Bulgaria was also positive, confirming its steady growth trajectory by recording EBITDA of €1.1 million and pre-tax profits of €0.7 million.

For the current fiscal year, management expressed cautious optimism, noting that the upward trends in steel prices, the strong order backlog in the construction sector (exceeding €16.5 billion), as well as SIDMA’s participation in major infrastructure projects, create promising prospects.

In this context, the company continues to invest in new high-value-added products—such as the new SIDMAFORM series of dry-construction metal profiles—strategically expanding its presence in the Greek market.

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