DOCSLIB.ORG

Remote Desktop Redirected Printer

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Corporate Presentation Overview A Euronext-listed holding company of leading metal processing companies across Europe. 80+ EUR 4.2 billion EUR 3.1 billion 8 Business 21 Markets Years Technology Revenue 2019 Investments 2001-2019 segments served history and innovation Providing a wide range of products and solutions tailored to our customers’ needs. 2 Global Presence N. America: 1 sales office Europe: Asia: 37 plants 2 plants 17 sales 3 sales offices offices Sales in more than Commercial Commitment to Highest quality 105 countries network in environmentally of products 21 countries responsible operations and services 3 Markets Viohalco companies supply a diverse range of products across a wide range of markets. They are committed to the sustainable manufacture of innovative value-added products and providing solutions that meet the requirements of blue- chip customers across the globe. Highly diversified Extensive experience Building and construction Energy and power networks Transportation Road and Construction Oil and Telecommunication gas and data networks rail industry Offshore Renewable Automotive Shipbuilding Building and Water supply Power and submarine energy industry industry architectural and sanitation Networks networks industry Industrial applications Other markets Packaging Lithography Technology industry industry Mining and Household Coin and R&D tunneling appliances blanks Power and electronic equipment Industrial engineering Signage Fish farming Refractories Heating, ventilation, Real estate Resource air-conditioning recovery and refrigeration market 4 Segments and main companies o Viohalco companies specialise in the manufacture of aluminium, copper, steel, steel pipes and cables products. o Viohalco’s portfolio also includes a dedicated R&D&I and technology segment, and a real estate segment. Notes . Viohalco and Cenergy Holdings are listed on Euronext Brussels and Athens Stock Exchange • ElvalHalcor is listed on Athens Stock Exchange 5 Production Base - Main Plants and Ports Main plants Oinofyta | (Greece) Bridgnorth | (UK) Oinofyta | (Greece) Mandra | (Greece) Sofia | (Bulgaria) Saint Thomas | (Greece) Oinofyta | (Greece) Oinofyta | (Greece) Sofia | (Bulgaria) Oinofyta | (Greece) Ioannina | (Greece) Oberhausen | (Germany) Thisvi | (Greece) Thiva | (Greece) Soussaki, Corinth | (Greece) Bucharest | (Romania) Livadia | (Greece) Oinofyta | (Greece) Thessaloniki | (Greece) Almyros | (Greece) Pernik | (Bulgaria) Nikolic | (North Macedonia) Thessaloniki & Almyros | (Greece) Aspropyrgos | (Greece) Ports Soussaki, Corinth | (Greece) Thisvi | (Greece) Almyros | (Greece) West port | (Bulgaria) 6 History in Brief Corporate ’30s ’40s ’50s ’60s expansion Intensive investments Incorporation Listing in new machinery (incl. state-of Launch of steel production, cable of Hellenic Copper operations, sanitary ware and tile on the Athens Stock the-art aluminium rolling mill). Industry S.A. in 1937. production. Holding company structure Exchange obtained in Renaming to Viohalco-Hellenic adopted. 1947. Copper and Aluminium Industry S.A. ’ Expansion ’70s ’80s ’90s s of Viohalco ’00 portfolio Restructuring Listings New companies founded including Bridgnorth Aluminium Ltd of companies through multiple spin-offs on the Athens Stock Exchange of including aluminium profiles company (United Kingdom), Stomana Industry designed to create a cohesive corporate major subsidiaries. Etem S.A. and Elval S.A., a spin-off from S.A. (Bulgaria), Sofia Med S.A. (Bulgaria), culture across all production units. Capital increase of Viohalco. Viohalco Aluminium. Icme Ecab S.A. (Romania) and Corinth Pipeworks S.A. (Greece). In July 2011, Hellenic Cables acquisition of subsidiary Symetal (renamed Elval Hellenic Fulgor. Aluminium Industry S.A.). In February 2018, commencement of trading of new shares of ElvalHalcor on the Athens . In November 2013, merger by absorption of . In February 2016, cross-border merger by Stock Exchange. ’10s the Greek company Viohalco-Hellenic Copper absorption of the Greek companies Elval and Aluminium Industry and the Belgian Holdings, Alcomet, Diatour and the . In August 2019, ElvalHalcor completed the company Cofidin by the Belgian company Luxembourg company Eufina by Viohalco S.A. transformation of the branch in Pogoni- Viohalco. Subsequent primary listing and Ioannina, manufacturing plant of all types of trading on Euronext Brussels Exchange of . In December 2016, cross-border merger by coin blanks and rings into a newly founded Viohalco shares. absorption by Cenergy Holdings of the Greek company under the trade name “Epirus listed companies Corinth Pipeworks Holdings Metalworks Societe Anonyme” (Epirus . In February 2014, secondary listing of Viohalco S.A. and Hellenic Cables S.A. Holdings Société Metalworks). shares on the Athens Stock Exchange. Anonyme completed. In October 2019, Noval Property was . In November 2014, Elval merged with Etem . In July 2017, Halcor sold its participation in established as Real Estate Investment through absorption of the latter by the former. Sofia Med to Elval. Company (REIC). Noval Property was formed through the merger of Noval SA and Vet SA, . In July 2015, cross-border merger by . In December 2017, merger by absorption of in parallel and simultaneously with in kind absorption of Sidenor Holdings by Viohalco. non-listed Elval by Athens Stock Exchange contribution of properties from other entities listed Halcor concluded with the latter affiliated to the merged companies. In September 2015, spin-off of the aluminium renamed to ElvalHalcor Hellenic Copper and 7 rolling sector of Elval, then absorbed by Elval's Aluminium Industry S.A. (ElvalHalcor). 2019 Financial Highlights Revenue EUR mil, 4,406 4,198 3,721 Viohalco responded resiliently to headwinds in 2019, 3,536 chiefly as a consequence of its companies’ diversified 3,317 3,275 3,119 2,958 2,885 2,943 business models and prudent management. • Viohalco’s consolidated revenue was EUR 4,198 million, down 5% year-on-year, due to declining metal prices and lower sales volumes in some segments due to market slowdown recorded in the last quarter of 2019. 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 • Consolidated a-EBITDA was down 3% year-on-year to EUR 302 million. EBITDA EUR mil, • Net finance cost improved to EUR 98.5 million (2018: EUR 102.5 million), mainly due to credit 332 spread reductions implemented gradually across all 303 313 303 Viohalco companies in recent years. 284 273 240 250 232 • Viohalco’s consolidated profit before income tax for 177 194 the year was EUR 32 million, compared to EUR 96 159 155 million in 2018, affected mainly by lower metal 120 prices. 4 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 EBITDA a-EBITDA 8 Aluminium Segment Aluminium Segment > At a glance 50 Sales in More than 10 manufacturing Technologically advanced and State of the 100+ Turnkey 100 countries 50 years’ plants across innovative custom-made art facilities solutions providers experience 3 countries solutions Viohalco companies offer a wide variety of aluminium products, including coils, strips, sheets and foil for various applications, coils for lithographic printing and architectural and industrial aluminium profiles. The aluminium segment processes, manufactures and markets aluminium product solutions for highly demanding multinational customers in a number of markets. With state-of-the-art production facilities in Greece, the United Kingdom and Bulgaria, and a dynamic commercial presence in key geographical markets, aluminium segment companies maintain a solid position within the global aluminium industry. 10 Aluminium Segment > Markets and Products Building and Transportation Lithography Industrial Aluminium shates and plates for construction marine applications, aluminium industry applications Flat rolled aluminium products solutions for trucks, trains, buses, and Litho coils for the offset Aluminium rolled products for and solutions, coated commercial vehicles’ components, printing industry including engineering applications. aluminium products used in the brazing products for heat exchangers. computer - to plate – building envelope, aluminium Automotive extruded profiles for applications. architectural building systems. crash management systems, chassis, suspension systems, doors. Packaging industry Energy and power Heating, ventilation Other markets Sheets and coils for rigid networks A/C and Aluminium circles and packaging, beverage and food shapes for household cans and closures, aluminium Aluminium coils for the production of refrigeration market appliances and cookware. flexible packaging for food, bus-ducts in power plants and for LNG Aluminium brazing strips and foils Composite panels, profiles pharmaceutical, and household storage tanks, strips for transformers, for heat exchangers. and prepainted coils for applications. wide tread plates for windmills, signage. products for windmill applications, profiles for photovoltaic applications, electrical strips for transformer windings. 11 Aluminium Segment > Μain plants Flat rolled aluminium products and solutions for Plain aluminium foil in a wide range of gauges the packaging, building and construction, sea, and alloys for various usages such as flexible and road and rail transportation, energy, industrial, pharmaceutical packaging, food containers, cookware and HVAC&R markets. household batteries and various technical applications. • Location: Oinofyta - Greece • Capacity: 292,500Tn/year • Location: Oinofyta - Greece • Capacity: 52,000Tn/year Solutions for a complete
Recommended publications
  • AXIA Research

    AXIA Research

    Greece Outlook 2019: The year of the elections AXIA Research Table of Contents Start of a new era ......................................................................................................... 3 Early elections or at the end of the government’s term? ....................................................................... 3 Unexciting economic performance, while fiscal space shrinks without pro-growth ........................................... 4 Elections is the key catalyst for the markets .................................................................................... 5 Top picks ......................................................................................................................... 5 2019, the year of the elections ......................................................................................... 6 The day after the Prespa Agreement ......................................................................................................................................... 6 Timing of elections: May vs. September/October ...................................................................................................................... 7 Looking at recent polls ............................................................................................................................................................... 9 Strategies by Syriza and ND ahead and after the elections ...................................................... 13 Syriza to try to close the gap with ND as is already regrouping
  • ³Privatisation, Employment and Employees´ Nikiforos Manolas

    ³Privatisation, Employment and Employees´ Nikiforos Manolas

    &RQIHUHQFHRQ ³3ULYDWLVDWLRQ(PSOR\PHQWDQG(PSOR\HHV´ 1LNLIRURV0DQRODV (FRQRPLVW 0LQLVWU\RI(FRQRP\DQG)LQDQFH *UHHFH 5HJXODWRU\ 5HIRUPV 6WUXFWXUDO &KDQJHV DQG 3ULYDWLVDWLRQ LQ *UHHFH GXULQJ V 3DSHU VXEPLWWHG EXW QRW SUHVHQWHG ± 2FWREHU $WDN|\ ,VWDQEXO 7XUNH\ 5HJXODWRU\5HIRUPV6WUXFWXUDO&KDQJHVDQG3ULYDWLVDWLRQLQ*UHHFHGXULQJV ,%DFNJURXQG During 90s, for the fist time in post-war history, Greek strategies for economic development shifted markedly reliance on market forces rather than on state-managed growth. In the pre-1974 period Greece’s state-led development strategy based on import substitution and credit allocation produced strong growth (7% with manufacturing on the average at 11.4% annually), combined with low inflation (4%) and small balance of payments deficits (2.1% of GDP) until 1974. From 1974 until 1995 the economy showed a completely different picture. GDP annual growth rate averaged 2%, manufacturing growth slowed to almost zero, annual inflation averaged 18%, and the average external deficit, as a share of GDP, doubled. This performance was much worse than that of its neighbors and the other countries of the European Union (EU). The economic slowdown can be attributed almost completely to two major factors, namely the decline in the share of total investments in GDP, and the decline in the productivity of new investments. In an environment which had led to a downward spiral in economic performance, ultimately resulting in crisis (of slowing growth) and many large private firms that had grown rapidly in
  • Semi-Annual Financial Report

    Semi-Annual Financial Report

    SEMI-ANNUAL FINANCIAL REPORT OF THE GROUP AND EYDAP SA (COMPANY) FOR THE 1ST HALF OF 2019 IN ACCORDANCE WITH LAW 3556/2007 AND THE RELEVANT DECISIONS OF THE BOARD OF DIRECTORS OF THE CAPITAL MARKET COMMISSION Athens Water Supply and Sewerage Company S.A. GEMI NO. 121578960000 156 OROPOU GALATSI Semi-Annual Financial Report Period 01.01.2019 – 30.06.2019 Semi-Annual Financial Report Period from 1st January – 30th June 2019 The current Semi-Annual Financial Report was prepared according to Law 3556/2007 and the relevant decisions of the Board of Directors of the Capital Market Commission and includes the following: a) Statements of the Members of the Board of Directors b) Semi-Annual Board of Directors Management Report c) Interim Financial Statements for the period 01.01.2019 to 30.06.2019 d) Independent Auditor’s Report e) Data and Information for the period 01.01.2019 to 30.06.2019 It is declared that the current Semi-Annual Financial Report is the one which has been approved by the Board of Directors of “Athens Water Supply and Sewerage Company S.A.” on 25.09.2019 and is available on the internet at the web site address http://www.eydap.gr. 1 Semi-Annual Financial Report Period 01.01.2019 – 30.06.2019 Contents 1. STATEMENTS OF THE MEMBERS OF THE BOARD OF DIRECTORS ---- ΣΦΑΛΜΑ! ΔΕΝ ΕΧΕΙ ΟΡΙΣΤΕΙ ΣΕΛΙΔΟΔΕΙΚΤΗΣ. 2. SEMI-ANNUAL BOARD OF DIRECTORS MANAGEMENT REPORT ------ ΣΦΑΛΜΑ! ΔΕΝ ΕΧΕΙ ΟΡΙΣΤΕΙ ΣΕΛΙΔΟΔΕΙΚΤΗΣ. 3. INTERIM CONDENSED FINANCIAL STATEMENTS --------------------------------------------------------------------------------------
  • Annual Report 2020

    Annual Report 2020

    Business segments Enter/ Full Financial Financial Exit Screen Highlights R&D&I and Statements 2020 Aluminium Copper Cables Steel pipes Steel Real estate Technology 2020 ● ● ● ● ● ● ● ● ● Annual Report 2020 Business segments Enter/ Full Financial Financial Exit Screen Highlights R&D&I and Statements 2020 Aluminium Copper Cables Steel pipes Steel Real estate Technology 2020 ● ● ● ● ● ● ● ● ● Copper Steel Pipes page 22 page 36 Aluminium Cables page 16 page 30 © Noble Energy © Noble Energy Business segments Enter/ Full Financial Financial Exit Screen Highlights R&D&I and Statements 2020 Aluminium Copper Cables Steel pipes Steel Real estate Technology 2020 ● ● ● ● ● ● ● ● ● Table of contents A. Viohalco 2 B. Message from the President of the Board of Directors 4 C. Business segments 6 D. Financial highlights 2020 10 E. Business segments review 16 F. Subsequent events 58 G. Risks and uncertainties 60 H. Non-financial information report 66 I. Corporate governance statement 80 J. Appendix – Alternative Performance Measures (APMs) 96 K. Consolidated financial statements 2020 and Auditor’s report 102 L. Declaration of responsible persons 194 M. Condensed statutory balance sheet and income statement 195 N. Glossary 198 Real Estate page 48 Steel R&D&I and page 42 Technology page 52 Business segments Enter/ Full Financial Financial Exit Screen Highlights R&D&I and Statements 2020 Aluminium Copper Cables Steel pipes Steel Real estate Technology 2020 ● ● ● ● ● ● ● ● ● A. Viohalco Viohalco S.A. (‘Viohalco’) is the Belgium-based holding company
  • Corporate Presentation

    Corporate Presentation

    Corporate Presentation Viohalco at a glance Diversified metals processing leader providing a wide range of products and solutions tailored to international customers’ needs. Listed holding company 7 business Serving Investments 2020 Focused on 80+ years of leading metal segments 21 markets EUR 283 million technology history processing companies and innovation across Europe Sales across the globe Sales revenue in EUR million Aligned with European Green Deal principles through low carbon operations and circular products 4,406 4,198 Product line supporting the transition to a 3,850 3,721 climate neutral economy 3,119 Strong environmentally focused investment Revenue 2020 a-EBITDA 2020 EBT 2020 programme with annual expenditures in EUR 3.9 billion EUR 295 million EUR 59.5 million excess of EUR 26 million Highly skilled personnel with industrial 2016 2017 2018 2019 2020 experience in secondary metals production Corporate Presentation | 2 Segments Operating through distinct business segments, Viohalco companies provide quality, innovative products and services Segmentsto a diverse range of industries. Aluminium Copper Cables Steel pipes Steel Real estate Technology and R&D&I Viohalco and Cenergy Holdings are listed on the Euronext Brussels and the Athens Stock Exchange ElvalHalcor is listed on the Athens Stock Exchange Corporate Presentation | 3 Markets Diversified portfolio of businesses serving dynamic markets, such as building and construction, beverages and food packaging, sea, road and rail transportation, automotive, telecommunications,
  • Press Release of Viohalco Sa

    Press Release of Viohalco Sa

    REGULATED INFORMATION INSIDE INFORMATION PRESS RELEASE OF VIOHALCO SA Brussels, March 10, 2021 The enclosed information constitutes regulated information as defined in the Belgian law of 2nd August 2002 and the Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market. Viohalco’s subsidiary, ElvalHalcor today submits its results for the year ended 31 December 2020 to the Athens Stock Exchange Highlights • Strong profitability with a-EBIDTA at EUR 136 mil • Robust and well-established presence across all markets • Completion of the investment and successful operation of the new four-stand Tandem hot rolling aluminium mill • Uninterrupted operations for all production facilities despite the Covid-19 pandemic 2020 was marked by the new coronavirus pandemic that affected and continues to test all countries at a global scale by affecting all aspects of human activity. All countries imposed restrictions in movement, which were called to confront a significant number of challenges. As a result, during the first half of 2020, rapid signs of a substantial slowdown of the global economy started to show at unprecedented levels. ElvalHalcor responded immediately by prioritising the health and safety of its employees, suppliers, customers and partners, taking measures that secure the unhindered operation of its production facilities with the least possible repercussions, supporting our society. Under these circumstances, ElvalHalcor's consolidated revenues presented a slight decrease by 0.8% for 2020 despite the 6.8% recession in the Eurozone reaching total sales of EUR 2,028.6 million, compared to EUR 2,044.6 million for the respective prior year.
  • Chapter 15 Greece: Case Studies of a Mechanism for Company ‘Exit’ from a Crisis-Ridden Country

    Chapter 15 Greece: Case Studies of a Mechanism for Company ‘Exit’ from a Crisis-Ridden Country

    Chapter 15 Greece: case studies of a mechanism for company ‘exit’ from a crisis-ridden country Christos A. Ioannou 1. Introduction Since the onset of the financial crisis, there have been a number of prominent cases of companies ‘exiting’ Greece through an effective transfer of their registered headquarters to another country. These have been complex, multi-stage processes, particularly in the cases in which the companies were listed on the Athens stock exchange, thus engaging securities law as well as company law. This chapter analyses three of these cases, the relocation of the metals group Viohalco to Belgium, the dairy company FAGE to Luxembourg and the Coca-Cola Hellenic Bottling Company to Switzerland. The Cross-border Mergers Directive played a direct role in the first two cases, both of which involved forming a subsidiary in another Member State and then merging the parent company into that subsidiary. The third case used a similar mechanism, however, as the transfer was to a country outside of the EU (Switzerland), the Directive was not used specifically. Significantly, in all three cases the mergers were one component of ‘in- house’ restructurings rather than the joining together of truly independent companies. These three cases had very different impacts on labour and labour relations. The first case analysed – the merger of the metals group Viohalco SA Group into a Belgian listed holding in 2013 – was received positively by the trade union and the workers’ side. There were no direct negative implications for employment relations in the group of companies involved and affected by the Cross-border Mergers Directive.
  • 24Th National Conference ENERGY & DEVELOPMENT 2019

    24Th National Conference ENERGY & DEVELOPMENT 2019

    24th National Conference ENERGY & DEVELOPMENT 2019 Curriculum Vitae of Moderators and Speakers Athens, 21-22 November 2019 2 Boyana Achovski GIE Secretary General, Gas Infrastructure Europe (GIE), Brussels, Belgium Since September 2016, Boyana Achovski serves as Secretary General of Gas Infrastructure Europe (GIE), the European association of gas transmission, gas storage and LNG regasification terminal operators. Prior to her current function, Ms. Achovski held the position of GIE Vice Executive Secretary for a period of 4 years. Before joining GIE, Boyana Achovski worked for Bulgartransgaz, the Bulgarian transmission and storage operator, where she led the Analysis and International Operations Division, managing the company’s undertakings relating to the European regulatory framework and European energy policy. Ms. Achovski graduated in International Economic Affairs, specialized in International Finance and holds a Master's degree in Finance. Boyana Achovski was a Chair of GasNaturally Steering Committee from June 2017 to January 2018 and from July to December 2019. Ass. Prof. Athanasia Alonistioti Associate Professor at the Department of Informatics and Telecommunications of the University of Athens Ms. Athanasia Alonistioti is Associate Professor at the Department of Informatics and Telecommunications of the University of Athens. She has extensive experience in European and National Research Programs, while she has also served as being coordinator and technical manager in several of them. She has participated in more than 30 projects (eg CTS, SS # 7, ACTS RAINBOW, EURESCOM, MOBIVAS, ANWIRE, FP7 E2R, LIAISON, E3, SELFNET, UNIVERSELF, CONSERN, WHERE 2, SmartAgriFood, LIVECITY, METIS, H2020 FISPACE, SPECIFI, FRACTALS, PRIVACY FLAG, Fed4FIRE, 5GINFIRE, 5GCroCo). Her research interests are in the areas of Cognitive Self-managed Networks, Future Internet, Internet of Things, Big Data Analytics.
  • Asset Development Plan 31 January, 2017

    Asset Development Plan 31 January, 2017

    Asset Development Plan 31 January, 2017 Table of Contents 1. Regional Airports ................................................................................................................................................................................................................. 3 2. Hellinikon ............................................................................................................................................................................................................................. 4 3. Afantou, Rhodes .................................................................................................................................................................................................................. 5 4. Hellenic Gas Transmission System Operator (DESFA) ......................................................................................................................................................... 6 5. Piraeus Port Authority (OLP) ................................................................................................................................................................................................ 7 6. Thessaloniki Port Authority S.A. (OLTH) .............................................................................................................................................................................. 8 7. 10 Port Authorities ..............................................................................................................................................................................................................
  • Annual Report & Annual Bulletin

    Annual Report & Annual Bulletin

    Annual Report & Annual Bulletin 13 2012 ANNUAL REPORT 2012 3 CONTENTS COMPANY PROFILE ...............................................................................................................................................p. 5 • Background - Incorporation • Object - Operations • Outlook • EYDAP NISON S.A. • Area of Service • Board of Directors CORPORAtE GOvERNANCE .............................................................................................p. 15 • Board of Directors: Composition and Functions • Internal Audit and Audit Committee • Investor Relations and Communication with Shareholders • Code of Corporate Governance CORPORAtE RESPONSIBILItY ...................................................................................... p. 21 • Environment • Human Resources • Society • Responsible Business Practice KEY FINANCIALS FOR thE GrouP .........................................................p. 27 • Key financials for the group • Consumption Evolution & Breakdown • Stock Information FINANCIAL REPORt OF thE YEAR ............................................................... p. 39 • Statements of the management board members • Board of directors’ consolidated report • Financial statements for the annual period 1st january to 31st december 2012 • Independent Auditor’s Report • Published Financial Data and Information • Law 3401/2005 art. 10 Information COMPANY PROFILE I. ANNUAL REPORT 2012 Ι. COMPANY PROFILE 6 7 Α. Background - Incorporation The Athens Water Supply and Sewerage Company In January 2000, EYDAP S.A. was
  • Annual Financial Report for the Period from 1 of January

    Annual Financial Report for the Period from 1 of January

    Annual Financial Report For the Period from 1st of January to 31 st of December 2014 In accordance with Law 3556/2007 SIDENOR HOLDINGS S.A. Societe Anonyme Reg. No.: 2310/06/B/86/20 2-4 Mesogeion Ave. Athens These financial statements have been translated from the original statutory financial statements that have been prepared in the Greek language. In the event that differences exist between this translation and the original Greek language financial statements, the Greek language financial statements will prevail over this document. Annual Financial Report 31 December 2014 Table of contents Σελίδα Α. Board of Directors Statements 2 Β. Board of Directors’ Annual Report 3 C. Independent Auditor’s Report 20 D. Annual Financial Statements 23 E. Information as per article 10 of Law no. 3401/2005 91 F. Figures and Information 92 1 Annual Financial Report 31 December 2014 Α. Board of Directors Statements (According to article 4, par 2, of Law no. 3556/2007) The Members of the Board of Directors of the Societe Anonyme with the trade name SIDENOR HOLD- INGS S.A. and the distinctive title SIDENOR S.A., based in Athens, 2-4, Mesogeion Avenue: 1. George Kalfarentzos, son of Christos, Chairman of the Board of Directors, 2. Nikolaos Mariou, General Manager and BoD member, 3. Stavros Theodoropoulos, BoD member in our above capacity, hereby state and confirm that according to our knowledge: The company and consolidated financial statements of SIDENOR S.A., for the fiscal year 01.01.2014- 31.12.2014, which have been compiled according to the International Financial Reporting Standards, pro- vide a true and fair view of the assets and the liabilities, the own capital and the financial results of SIDENOR S.A., as well as the entities included in the consolidated financial statements, taken as a whole.
  • Hellenic Cables S.A. "Hellenic Cables Industry S.A."

    Hellenic Cables S.A. "Hellenic Cables Industry S.A."

    HELLENIC CABLES S.A. "HELLENIC CABLES INDUSTRY S.A." Report on the Market Value of the transferred assets and liabilities based on the Statement of Financial Position as at 31 December 2015 based on the provisions of article 52 of Law 4172/2013 DFK P AUDIT S.A. Certified Public Accountants and Business Advisors 4 Vas. Sofias & 153 Kifissias Ave., GR-151 24 Marousi Tel.: +30 (210) 7249302, Fax: +30 (210) 7212075 Greek ICPA (SOEL) Reg. No.: 163 Reg. No. in Accounting Standardisation and Auditing Committee (ELTE):031 www.pdaudit.gr HELLENIC CABLES SA Report on the Market Value of the transferred Assets and Liabilities based on the Statement of Financial Position as at 31 December 2015. Table of contents 1 Mission, purpose and extent of project 3 2 Establishment, term and registered office of the Contributor 4 3 Purpose of the Contributor 4 4 Shareholders - Share Capital of the Contributor 5 5 Management - Representation of the Contributor 5 6 Description of the Contributing Industry 5 6.1 Description of the Manufacturing Process per Factory 6 6.2 Description of the Industrial Products Manufactured 10 7 Description of Contributed Part of Commercial Sector 11 8 Approach to project and audit procedures 12 9 Valuation method 13 10 Valuation methodology for the contributed assets and liabilities 14 11 Breakdown of Statement of Financial Position as at 31 December 2015 of the contributed sector (amounts in Euro) 15 11.1 Assets 15 11.2 Liabilities 31 11.3 Equity 37 12 Conclusion 40 13 Details of Acquirer 42 14 Exchange ratio of shares 43 ANNEXES I.