Saturday, 14th December 2024

Delta Holding Reports 11% Revenue Growth, Eyes €1 Billion Mark

Delta Holding has reported an 11% increase in revenue for the first half of 2024 and is on track to surpass €1 billion in annual revenue for the first time

Delta Holding has posted impressive financial results for the first half of 2024, with revenues reaching €467 million, reflecting an 11.2% increase from the same period last year.

The company’s EBITDA also saw a notable rise to €44.2 million, up 13.8%. With these strong results, Delta Holding is on track to achieve a record-breaking annual revenue of €1.032 billion, marking a 20% increase from 2023, and anticipates an annual EBITDA of €107 million, representing a 29% growth.

The company’s success is attributed to substantial growth across its various sectors, including distribution, manufacturing, real estate, and hospitality. Delta Auto Group reported a 27% increase in revenues, with BMW leading the premium market segment. Meanwhile, DMD Serbia saw a 21% rise in revenues, and the agribusiness sector, particularly in agro-distribution and livestock production, showed significant progress. The food and beverage sector experienced an 11% revenue growth, and Delta Real Estate achieved a 34% increase, driven by major projects such as the reconstruction of Sava Center and new developments like Delta District, Delta Iron, and Delta Land.

In the hospitality sector, Delta’s hotels—Crowne Plaza, Radisson Old Mill, Indigo, and InterContinental Ljubljana—reported a 46% revenue increase, supported by continuous investments and enhanced services. Ananas, Delta’s e-commerce platform, reinforced its market leadership with a vast product range and expansion into Montenegro and Bosnia and Herzegovina. Furthermore, Delta Holding’s commitment to sustainability was highlighted in its 15th annual report, showcasing a 30,000-ton reduction in CO2 emissions through renewable energy initiatives, emphasizing the company’s dedication to innovative technologies, green construction, and workforce development through artificial intelligence.