EUROHOLD, the parent company of Euroins Romania, records the best half-year results in the company’s history

Total revenues increased almost 4 times, reaching 1.62 billion EURO

(BGN 3.17 billion)

●EBITDA increased more than 14 times to more than 86 million EURO (170 million BGN)

●Energy businesses generatecomplicatedrevenues of 839 million EURO

(BGN 1.64 billion) and EBITDA of EUR 68.8 million (BGN 134.6 million)

●Premium volumetnot surecomplicatedri increased by 73%, pâncomplicatedto 452.8 million EURO

(BGN 885.6 million)

Sofia, August 30, 2022– Eurohold Bulgaria AD, one of the leading energy and financial groups in Southeast Europe, reported record half-year results in 2022, thanks to the strong performance of the company’s two main businesses – electricity and insurance, according to the financial statement interim consolidated of the company.

Total revenues increased almost 4 times, reaching 1.62 billion EURO(BGN 3.17 billion) in the January-June period, an absolute record value in the history of the holding company. EBITDA and net profit amounted to more than EUR 86 million (BGN 170 million) and about EUR 37 million (BGN 73 million) in the first half of 2022, which also represented a record value in history for these indicators.

Eurohold’s energy business, which operates under the Electrohold brand, contributed the most to the good results. This accounted for more than half of total revenue and more than 70% of the holding company’s profit before interest, tax, depreciation and amortization, before accounting for parent company results and intragroup disposals.

The insurance business, brought together in Euroins Insurance Group (EIG), contributed significantly to the growth. The volume of EIG premiums increased by 73% per year, up to 452.8 million EURO (885.6 million BGN). Eurohold’s gross income from insurance operations almost doubled to EUR 777.8 million (BGN 1.52 billion). The holding company recorded a net profit of approximately EUR 25.4 million (BGN 50 million) from insurance activities.

Eurohold has completely and definitively given up the activities in the automotive and leasing fields. Euro-Finance AD, the company specializing in investments and brokerage services, remains part of the holding structure.

“In difficult times for every industry, marked by the ongoing war conflict in Ukraine and the highest inflation in the last 25 years, Eurohold recorded the best results in history and continued its sustainable development. Our performance exceeded initial expectations. Our success figures over the past year and a half have proven that we have followed an appropriate direction and development strategy. The business model we designed, which is based on two main pillars – energy and insurance – shows its strengths precisely in the most difficult times. The solid half-year results make us confident that we can achieve good operational performance even in the event of an unfavorable economic development in the coming months”, commented Kiril Boshov, Chairman of the Board of Directors of Eurohold.

Consolidated results of Eurohold for January-June 2022

Source: Consolidated statement for the period

Eurohold Bulgaria AD

Eurohold Bulgaria AD is a leading energy and financial group operating in Central, Eastern and South-Eastern Europe. It is listed on the Bulgarian and Warsaw Stock Exchanges. Eurohold owns Euroins Insurance Group AD (EIG), one of the largest insurance groups in the region. EIG offers a full range of insurance products, serves more than 4 million customers in 13 countries and has more than 3,000 employees. In 2021, Eurohold acquired through its wholly owned sub-holding, Eastern European Electric Company, the subsidiaries of the Czech energy company CEZ Group in Bulgaria, which now operate under the Electrohold brand, have over 3000 employees and serve almost 3 million consumers in the country.www.eurohold.bg;www.eig.bg;www.electrohold.bg