Financial results

In 2015 the Group’s revenue increased to EUR 45.5m. Compared to 2014, net profit in 2015 increased three times to EUR 2.78m.

The waste collection and recycling segments are the major contributors to the gross profit (also showing the highest margins), while the recyclables sorting and trading and organisation of waste recovery segments ensure a high level of vertical integration and have significant synergies with other Group companies.

Eco Baltia’s business is anti-cyclical, showing healthy growth during the slowdown in the economy, as a significant portion of its business comes from medium-term contracts with a stable mark-up.