Elve S.A.
ELBE.AT
Athens Stock Exchange6.05
EUR
-0.10
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Elve S.A.
ELBE.AT
(Athens Stock Exchange)
Recent
price
6.05
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Elve S.A. is a European group headquartered in Kavala, Northern Greece, specializing in the trade, design, and production of uniforms, corporate clothing, accessories, and personal protective equipment (PPE). Established in 1971 and listed on the Athens Stock Exchange, Elve serves a broad range of public and private sector clients including military and police forces, national railway companies, airlines, and large corporations. The company’s main product lines include uniforms and workwear such as fire retardant garments, dielectric and shock-resistant clothes, reflective and functional garments, as well as diverse PPE including gloves, masks, helmets, and safety shoes. Additionally, Elve operates an e-commerce platform catering to both B2B and B2C clients across Europe. Elve also maintains a renewable energy division focusing on investments in solar panel parks as part of its diversification strategy since 2008. The company operates internationally, supplying institutions and corporations across Greece, Germany, and other European countries. Recent major company developments include strengthening its renewable energy portfolio and expanding its uniform supply contracts with institutions like the Greek and German military and police, Deutsche Bahn, and prominent utilities and airlines. Elve's diversified portfolio covers uniform supply for security and special forces, tactical and protective gear, as well as industrial workwear tailored to various professional sectors. The company recently reported a 27.5% year-over-year increase in EBITDA for 2024, reflecting enhanced operational efficiency and market expansion. Elve’s long-standing industry presence, broad product range, and strategic involvement in renewable energy mark its dual focus on traditional textile manufacturing and emerging sustainable energy projects. The company employs close to 500 staff and continues to grow through new contracts and investments in both core and adjacent markets.