Almost €176 million of BIC Violex's total sales last year came from abroad, underlining the Greek subsidiary's strongly export-oriented profile. At the same time, sales in the domestic market fell 15%, the main reason for the decline in overall turnover.Despite lower revenue, the company increased net profit by 68.7% to €24.6 million and paid its shareholder a €40 million dividend last year from profits earned in previous years.
This performance, together with €14 million of investment in capital equipment, highlights the importance of the Greek plant both to the group's production and to its cash flows.
According to financial statements filed with the General Commercial Registry, BIC Violex's sales last year totalled €207.1 million, down 3.2%.
Sales abroad edged down to €175.8 million; by contrast, domestic sales fell to €31.3 million. As a result, exports' share of total turnover rose to 84.9%, from 82.8% in 2024. Violex's international reach is closely linked to its position within BIC's global network.
Profitability improved markedly more than revenue. Pre-tax profit rose to €29.6 million, from €18.9 million in 2024, while net profit reached €24.6 million, compared with €14.6 million.
Lower financial costs and cuts to some operating expenses also contributed to the final result. Research and development spending fell to €10.4 million from €13.2 million, while distribution costs declined to €15.1 million from €16.2 million.
Despite lower product sales, BIC Violex continued to invest in its industrial infrastructure. According to the management report, investment in capital equipment totalled €14 million and was mainly for machinery to increase production capacity, manufacture new products, improve processes and acquire new technology.
Management says the investment programme is expected to continue, with a focus on machinery.