Elvalhalcor Hellenic Copper and Aluminium Industry S.A. (ELHA) Earnings Call Transcripts

Elvalhalcor Hellenic Copper and Aluminium Industry S.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Elvalhalcor reported a revenue of EUR 1 billion, reflecting a robust performance driven by a 6% increase in sales volume to 156,000 tons, primarily in the aluminum segment. Adjusted EBITDA rose to EUR 66 million, up 4% year-over-year, while earnings before taxes surged to EUR 68 million, indicating a strong recovery from the previous year. Management highlighted the positive impact of lower energy costs and increased operational profitability, although they noted challenges from rising LME prices affecting working capital needs.

Reported metrics

Guidance from management

Management maintained a cautious outlook, indicating that while they expect some pressure from energy prices in the upcoming months, they are prepared to capitalize on demand opportunities as they arise.

What management said

As I said in the past, we heavily invested in certain specific markets that had to do with packaging. Packaging is a market that shows a steady growth in Europe and in U.S. As I said, right now, we are capitalizing on these investments. And under these conditions safe from the ongoing geopolitical [ pesos ], selective capital allocation is a priority for the company. We always make plans -- we are constantly working ...

So the free capacity for the aluminum segment is around, let's say, no more than 10%. In the Copper segment, it's a little bit higher. So we have the potential to increase even more our share in the Copper segment. And less ability to increase quantities in the aluminum segment if we don't decide to invest in this direction.

What analysts pressed on

Analysts expressed concerns regarding the impact of rising LME prices on working capital and the potential for increased energy costs due to geopolitical tensions. There were also questions about the sustainability of scrap availability and its effect on profitability moving forward.

Main topics on the call

• Sales Volume Growth — Elvalhalcor achieved a 6% increase in sales volume to 156,000 tons, driven by strong demand in the aluminum segment, particularly for packaging and transportation products. Management stated, "The first quarter started f...
• Improved Profitability — Adjusted EBITDA reached EUR 66 million, a 4% increase from the prior year, supported by lower energy costs and higher sales volume. Management noted, "Despite the pressures in working capital, we managed to keep net debt...
• Rising Metal Prices Impact — LME prices for aluminum and copper increased significantly, with aluminum prices up 9% and copper prices up 24% year-over-year. This led to a EUR 70 million increase in working capital needs, as highlighted by management...
• Debt Management — Net debt improved to EUR 622 million, down EUR 8 million from the previous year, with a net debt to adjusted EBITDA ratio of 2.6. Management emphasized, "We are still on track to meet our objectives to keep our leverage ...

Read the full Elvalhalcor Hellenic Copper and Aluminium Industry S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 5 Elvalhalcor Hellenic Copper and Aluminium Industry S.A. earnings call transcripts on record, spanning September 14, 2023 to July 29, 2026. Based on this history, Elvalhalcor Hellenic Copper and Aluminium Industry S.A. reports annually. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ELHA

Exchange

ATSE

Country

GR

Sector

Materials

Industry

Metals and Mining

Calls on record

5

First call

September 14, 2023

Most recent

July 29, 2026

Reporting cadence

annually