GEVORKYAN, a.s. – Powder Metallurgy Plant in Slovakia
Press Release: Q1 2025 Trading update
Revenues increased by 11% to EUR 21 million and EBITDA exceeded EUR 8 million, representing a 39.99% margin.
GEVORKYAN, a.s. a world-renowned innovator in powder metallurgy, announces its Q1 results and updated outlook. All figures (including comparative periods) are in accordance with IFRS.
GEVORKYAN, a.s. reported Q1 2025 revenues of EUR 20.88 million and statutory EBITDA of EUR 8.35 million, resulting in an EBITDA margin of 39.99%. This represents an increase in revenues of 11.20% and an increase in EBITDA of 14.35% compared to the same period of the previous year.
The company further reported an operating EBIT of EUR 4.21 million, an increase of 7.15% compared to the same period last year. The profit after tax (EAT) was reported at EUR 2.98 million, representing a 26.32% increase compared to the same period last year.
Artur Gevorkyan, Chairman of the Board, said, “Our strong performance in an uncertain economic environment underlines our resilience and ability to use global uncertainties to our advantage. We are optimistic about our plans and will combine organic growth with selective and value enhancing acquisitions.”
As part of its ongoing acquisitions, GEVORKYAN, a.s. is also exploring various financing options to support these growth plans.
Thanks to the innovations, the company has won 9 new long-term projects in the arms industry for the European and American markets. At the same time, mass production of components for a $30 million project that the company won in the 2024 tender has started.
Following the success at the international trade fair, an agreement was signed to develop components for sporting arms in the USA.
The first phase of a project for a European manufacturer of optoelectronic devices using night vision, thermal imaging and laser technology has been successfully completed. In the next phases, it is planned to continue development and mass production for new applications in armaments and aerospace.
Since 2025, the company has been working on development projects for personal safety equipment for marine and aviation.
In the automotive segment, new projects for robotic autonomous taxis have been acquired in the US and Europe.
An interesting new development is orders from European plants, which are 100% owned by a renowned Asian brand. Following the rapid and successful completion of development based on specific customer requirements, series production will ramp up from May 2025.
The company traditionally continues to promote and implement powder metallurgy in industries where it is an absolute novelty. Recent full-day workshops with customer development engineers were focused on applications for superfast trains and airport security features.
After several years of technical and commercial negotiations, the company won an interesting project for the petrol station and oil industry in the USA.
As part of investments in new premises, automation and robotization, the warehouse and production areas were expanded by approximately 1000 m2.
In Q1 2025, the implementation of a project to robotize two calibration presses was completed, saving 8 workers in production.
Financial results for Q1 2025 and their comparison to Q1 2024 in the table below.
| in thousands EUR | Q1 2025 | Q1 2024 | Change |
| Revenue | 20,883 | 18,780 | 11.20% |
| EBITDA | 8,352 | 7,304 | 14.35% |
| EBITDA margin | 39.99% | 38.89% | |
| EBIT | 4,211 | 3,930 | 7.15% |
| EBT | 3,921 | 2,986 | 31.31% |
| EAT | 2,980 | 2,359 | 26.32% |
Following the transition to IFRS reporting, the financial plan and outlook in the table below has also been updated accordingly:
| In thousands. EUR | 2024A | 2025E | 2026E | 2027E | 2028E | 2029E |
| Revenue | 75 686 | 82 500 | 94 200 | 106 500 | 117 400 | 121 800 |
| EBITDA | 26 369 | 26 560 | 29 375 | 33 758 | 37 289 | 38 877 |
| EBITDA margin | 34,84% | 32,19% | 31,18% | 31,70% | 31,76% | 31,92% |
| EBIT | 10 846 | 13 126 | 15 311 | 18 154 | 20 992 | 21 809 |
| PBT | 6 040 | 7 486 | 9 759 | 12 193 | 15 382 | 17 227 |
Media contact: Mgr. Monika Erdely, Marketing Manager, marketing@gevorkyan.sk
This press release and other documents are available at For investors | Gevorkyan
Disclaimer:
This document does not constitute an offer or invitation to sell or purchase securities in any way. The information contained herein is purely informative, and for its context and explanation, we recommend contacting the representative of GEVORKYAN, a.s. mentioned above. The public offering of shares in the Czech Republic was conducted based on the share prospectus prepared according to Regulation (EU) 2017/1129 of the European Parliament and Council, which is available on the website of GEVORKYAN, a.s.
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- GEVORKYAN, a.s. – Powder Metallurgy Plant in Slovakia
