GEVORKYAN continues to grow across markets and, following years of intensive investment, is entering the next phase of its development. CEO Artur Gevorkyan and CFO Andrej Bátovský discussed the results for the first half of 2026, growing demand, new projects and the company’s future direction on the Patria Finance podcast.
In the first six months of 2026, GEVORKYAN’s revenue increased by more than 18% year-over-year to nearly 50 million euros. EBITDA exceeded 15 million euros with a margin of over 30%, and net income increased by more than 34% year-over-year to nearly 4 million euros.
This growth is not driven solely by the acquisition of new projects. Orders from existing customers are also increasing significantly, and the company is seeing growing interest among European manufacturers in moving supply chains closer to their plants and reducing their dependence on Asian suppliers. This trend, combined with new projects, is putting further pressure on production capacity and driving continued automation.
The defense and aerospace industries also offer significant opportunities. GEVORKYAN has obtained EN 9100 certification and registration in the global OASIS database, which connects certified suppliers and customers in the aerospace and defense industries. At the same time, the Italian plant Gevorkyan Sinteris Italia is already supplying the Rheinmetall Group, and the acquisition has opened up access to additional customers and projects for the company.
In the interview, Artur Gevorkyan and Andrej Bátovský also discuss the company’s activities in Poland, new projects for the defense industry, and the company’s long-term philosophy of focusing on technologically advanced products rather than commodity manufacturing. As mentioned in the interview, the goal is not merely to be a cheaper supplier, but to produce solutions that others are unable or unwilling to produce.
After years of extensive investment in production capacity, automation, and new technologies, GEVORKYAN is also gradually moving into a phase in which it aims to increasingly translate further growth into positive cash flow. This should create greater room for the company to generate returns on capital for its shareholders in the future.
You can watch the full interview with Artur Gevorkyan and Andrej Bátovský for Patria Finance in Czech and Slovak here: https://youtu.be/g5pyefAmApQ?si=_sejS8q_rdoVyu-_
