DOCSLIB.ORG

Alpha Asset Management Α.Ε.D.Α.Κ

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

ALPHA ASSET MANAGEMENT Α.Ε.D.Α.Κ. ALPHA ETF FTSE Athex 20 DOMESTIC EQUITIES FUND HCMC Rule 789/13.12.2007 Gov.Gaz. s.n. 2474/B/31.12.07 FUND CHARACTERISTICS 01.02.2008 INVESTMENT OBJECTIVE The Alpha ETF FTSE Athex 20 DOMESTIC EQUITIES FUND is the first Exchange Traded Fund listed on the Athens Stock Exchange. The objective of the Mutual Fund’s investment policy is to replicate the performance of the FTSE® Athex 20 Index of the Athens Stock Exchange in Euro, by mirror matching the composition of the Benchmark. The FTSE® Athex 20 Index is a big capitalization Index, capturing the 20 largest blue chip companies listed on the ATHEX. The total value of investments in shares of the FTSE® Athex 20 Index and in FTSE® Athex 20 Index derivatives accounts for a regulatory minimum of 95% of the Mutual Fund’s Net Asset Value. A percentage up to 35% of the Mutual Fund’s Net Asset Value may be invested in FTSE® Athex 20 Index derivatives with the aim of achieving the Mutual Fund’s investment objectives. The derivatives may be tradable (such as FTSE® Athex 20 Index futures) and/or non-tradable (OTC Swap Transactions) in a regulated market. INDEX FUND INFORMATION Fund type Domestic Exchange Traded Fund PERFORMANCE First listing date 24.1.2008 Base currency Euro Year (%) FTSE Athex 20 Index Benchmark FTSE® Athex 20 Index 2007 15,79% 3300 Currency risk Minimum 2006 17,73% Fund assets as of 01.02.2008 141.403.221 € 2800 2005 30,47% Net unit price as of 01.02.2008 23,40 € 2004 32,27% 2300 Valuation Daily 2003 35,43% 1800 Creation / Redemption unit 50.000 units 1300 Trading unit 1 unit Dividends Annual - 30 June 800 Management fee 0,275% 300 31/12/02 31/12/03 31/12/04 31/12/05 31/12/06 31/12/07 Custodian fee 0,100% Source: Bloomberg ISIN GRF000013000 COMPOSITION (as of 01.02.2008) Bloomberg AETF20 GA Equity Market Cap (€) % Weight Reuters AETF20.AT NATIONAL BANK OF GREECE S.A. 20,042,335,362.00 22.16 ALPHA BANK S.A. 9,181,218,405.68 10.15 HELLENIC TELECOM. ORG. 7,697,811,859.25 8.51 Web site address www.alphamutual.gr PIRAEUS BANK S.A. 7,292,769,620.50 8.06 E mail address [email protected] EFG EUROBANK ERGASIAS S.A. 7,259,998,173.54 8.03 Management company ALPHA ASSET MANAGEMENT BANK OF CYPRUS PUBLIC COMPANY LTD 6,001,964,679.80 6.64 MUTUAL FUNDS MANAGEMENT COMPANY S.A. OPAP SA 5,646,300,000.00 6.24 12-14 Pesmazoglou Str, 105 64 Athens, Tel. 210 3266564-9 MARFIN POPULAR BANK PUBLIC CO LTD 5,449,367,459.16 6.03 HCMC: 21/2/19.5.1989 & 16/391/20.7.2006 COCA-COLA Ε.Ε.Ε. S.A. 4,164,076,710.94 4.60 Custodian Alpha Bank, 40 Stadiou Str., 102 52 Athens MARFIN INVESTMENT GROUP HOLDINGS SA 3,967,367,280.90 4.39 PUBLIC POWER CORPORATION SA 3,596,000,000.00 3.98 TITAN CEMENT CO. S.A. 2,401,264,756.80 2.66 INTERNAL RISK CLASSIFICATION INTRALOT S.A. 1,368,491,420.73 1.51 HELLENIC PETROLEUM SA 1,215,205,495.56 1.34 012345678910 HELLENIC TECHNODOMIKI TEV SA 1,192,103,843.06 1.32 GREEK POSTAL SAVINGS BANK 1,130,752,206.90 1.25 MYTILINEOS HOLDINGS S.A. 877,382,535.00 0.97 LOW HIGH VIOHALKO S.A. 720,101,468.51 0.80 AGRICULTURAL BANK OF GREECE S.A. 651,919,999.68 0.72 MOTOR OIL (HELLAS) SA 579,616,551.36 0.64 ALPHA ASSET MANAGEMENT A.E.D.A.K. The Company is a member of Alpha Bank Group. It provides investment services in Asset Management of mutual funds and institutional assets and advisory investment services to a number of institutional investors such as pension funds, insurance funds etc. With 19 years of experience and a 22,75% market share in assets under management (as of 31/12/2007), Alpha Asset Management A.E.D.A.K. is a leading fund management company in Greece. Alpha Asset Management AEDAK, HCMC: 21/2/19.5.1989 & 16/391/20.7.2006 Alpha Asset Management AEDAK explicitlydeclares that the Mutual Fund is not, in any way, sponsored, endorsed, sold or promoted by FTSE InternationalLtd or by the London Stock Exchange Plc or by The Financial Times Ltd or by Athens Exchange S.A., and that neither FTSE InternationalLtd nor London Stock Exchange Plc nor The Financial Times Ltd nor the Athens Exchange S.A. makes any warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE® Athex 20 Index and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is calculated by FTSE International Ltd. Neither FTSE International Ltd nor London Stock Exchange Plc nor The Financial Times Ltd nor the Athens Exchange S.A. shall be liable (whether in negligence or otherwise) to any person for any error in the Index, and neither FTSE International Ltd nor London Stock Exchange Plc nor The Financial Times Ltd nor the Athens Exchange S.A. shall be under any obligation to advise any person of any error therein. Alpha Asset Management AEDAK declares that ”FTSE®”, "FT-SE®" and "Footsie®" are trade marks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited (“FTSE”) under licence. MUTUAL FUNDS DO NOT HAVE A GUARANTEED RETURN AND PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.
Recommended publications
  • 2016 Annual Report PDF 12.3MB

    2016 Annual Report PDF 12.3MB

    Contents Message from the Chairman 02-03 Identity of MYTILINEOS Group 04-07 Annual Report Financial 2016 01 Message from the Chairman The world, as we knew it until today, has radically changed. Every day, the things we had been taking for granted are being overturned. The challenges we have to cope with keep increasing in complexity, evolving and changing, as the stable frameworks that had been in place for decades no longer apply. This was also evidenced by last year’s major political, social and economic developments, both in Greece and abroad, which changed the global landscape. In this new environment of a globalised economy, with political reversal following upon political reversal, our country is trying to find its balance and face the modern world’s challenges. To resolve pending issues and make changes where these needed to be made for years, so that it can enter a course of growth that will ultimately enable it to put in place the conditions for prosperity in the future. It is in this very same environment that MYTILINEOS Group has to operate. Faithful to the values and to the business strategy it has been following all these years, it continues tirelessly to create the conditions that will not only allow it to survive the economic crisis but will also strengthen its capabilities, establishing it as Greece’s new, major industrial player with international prospects. A model business that is driven by vision and is able to contribute its share (and more) to the effort to support the country's modernisation. A leading company which applies a unique and modern employment model, has an active social profile, adopts innovative investment and business growth mechanisms and enjoys international presence and recognition.
  • Greek Energy Directory 2 0 1 6

    Greek Energy Directory 2 0 1 6

    ) ENERGIA•gr Greek Energy Directory 2 0 1 6 t n e m Business The Oil Sector Natural Gas The Electricity SectorRenewable EnergyEnergy Sources Efficiency &The Co Genera2on Legal FrameworkResearch & DevelopDirectory TERNA ENERGY is a major player in the Renewable Energy Market and specifically in the development of Wind Parks, in Hydroelectric Projects, Solar Energy Plants as well as Waste to Energy and Biomass Projects, with presence in Greece, Europe and the USA. The total installed capacity of the Group accounts for 664 MW: 394 MW in Greece, 138 MW in the USA, 102 MW in Poland and 30 MW in Bulgaria, while 274 more MW are currently under development in Greece and abroad. Overall, the company operates, is constructing or has fully licensed 938 MW of RES installations in Europe and the USA. The company is targeting to reach almost 1,000 MW of RES projects in operation in all countries where it is active, over the following years. T A B L E O F C O N T E N T S Publisher’s Foreword 9 Preface by the Minister of Environment and Energy, Mr. PANOS SKOURLETIS M.P. 11 1. An introduction to Greece’s Energy Sector by COSTIS STAMBOLIS, Execu=ve Director, IENE and Managing Editor of Energia.gr 14 2. The Oil Sector Overview of Greece’s Oil Sector by COSTIS STAMBOLIS 40 Hellenic Petroleum, A Market Leader in SE Europe by GRIGORIS STERGIOULIS, CEO, HELPE 49 Hydrocarbon E &P sector: When the Vision Becomes a Reality by Professor SOFIA STAMATAKI, ex - Chairman, Hellenic Hydrocarbons Managements Company (ΕΔΕΥ) 53 A New Era for Greece’s Upstream Sector by MATHIOS RIGAS, CEO, Energean Oil & Gas 61 Greece’s Oil Retail Market by DIMITRIS MEZARTASOGLOU, Research Associate, IENE 67 3.
  • Announcement

    Announcement

    ANNOUNCEMENT FTSE Russell has conducted a detailed review of the operation of the FTSE-Med Index for the six-month period from November 2016 to April 2017, in accordance with the Ground Rules of Operation of the Index. Following the relevant assessment by FTSE Russell, the new composition of the Index for the next six months is announced here below in order to inform investors and market players. During the current review of the composition of the Index and in accordance with the Ground Rules, it is noted that the Index includes fifty-seven (57) companies from the Tel Aviv Stock Exchange, twenty-eight (28) companies from the Athens Stock Exchange and five (5) companies from the Cyprus Stock Exchange (CSE). During the next six months, the Index will comprise the following companies: Company Country 1 Teva Pharmaceutical ISR 2 Coca -Cola HBC AG GRC 3 Bank Hapoalim ISR 4 Bank Leumi ISR 5 Azrieli Group ISR 6 Israel Chemicals ISR 7 Elbit Systems ISR 8 Hellenic Telecommunications Organization S.A. GRC 9 Bezeq ISR 10 Nice Ltd ISR 11 Mizrahi Tefahot Bank Ltd. ISR 12 Frutarom ISR 13 Alpha Bank S.A. GRC 14 OPAP GRC 15 National Bank of Greece S.A. GRC 16 Israel Discount Bank ISR 17 Delek Group ISR 18 Melisron ISR 19 Jumbo S.A. GRC 20 Tower Semiconductor Ltd ISR 21 Gazit Globe (1982) Ltd ISR Co mpany Country 22 Titan Cement Co. S.A. GRC 23 Strauss Group ISR 24 Motor Oil Hellas Corinth Refineries S.A. GRC 25 Piraeus Bank S.A.
  • Annual Report 2007 Design - Production: 2007 2007

    Annual Report 2007 Design - Production: 2007 2007

    NEMESIS S.A. Annual Report 2007 Design - Production: 2007 2007 12A Irodou Attikou str., Annual Report Maroussi 151 24, Athens - GREECE Tel.: (+30) 210 809 4000, Fax: (+30) 210 809 4444 www.moh.gr CMYK CORINTH REFINERIES S.A. Annual Report 2007 TableTable of of contents contents 1 INFORMATION CONCERNING THIS ANNUAL REPORT AND THE COMPANY AUDITORS............................6 2 SHAREHOLDERS’ RIGHTS ..............................................................................................................................8 2.1 General Information ..................................................................................................................................8 2.2 Dividend Taxation......................................................................................................................................9 3 MARKET INFORMATION AND STRUCTURE ................................................................................................10 3.1 Structure of the Oil Refining Market in Greece ..........................................................................................10 3.2 Regulatory Framework ............................................................................................................................11 3.3 Recent Developments in the International Oil Market ................................................................................14 4 COMPANY PROFILE ......................................................................................................................................15
  • «Mytilineos Holdings Sa»

    «Mytilineos Holdings Sa»

    Announcement for the availability of the Prospectus of «MYTILINEOS HOLDINGS SA» The company “MYTILINEOS HOLDINGS SA” (the “Company”) announces pursuant to Regulation (EC) 809/2004 of the Commission of the European Communities and law 3401/2005, as in force, that since 15.06.2017 makes available to the investors, the Prospectus, as approved by the meeting of board of directors of the Capital Markets Commission dated 15.06.2017, in relation to the issuance by the Company of a common bond loan (the “CBL”), of a total amount of up to €300,000,000, of a duration of five (5) years, divided into up to 300,000 dematerialized, common, bearer bonds, each of a nominal value of €1,000 (the “Bonds”), in accordance with the resolution of the Company’s board of directors dated 08.06.2017. The Bonds that will be issued, will be offered for subscription by investors by way of a public offer (the “Public Offer”), with use of the electronic book- building service (“E.BB”) of Athens Exchange and will be admitted for trading in the category of Fixed Income Securities of the Organized Market of the Athens Exchange (the “Athens Exchange”). Athens Exchange ascertained on 15.6.2017 the admission for trading in the category of Fixed Income Securities of the Organized Market of the Athens Exchange of up to 300,000 dematerialized, common, bearer bonds, under the condition of Capital Markets Commission’s approval of the Prospectus and the success of the Public Offer. The indicative timetable for completion of the Public Offer is as follows: INDICATIVE DATE EVENT 15.06.2017 Approval of the Prospectus by the Capital Markets Commission.
  • Exakm Sa Reference List of Major Project & Supplies 2000 – 2015

    Exakm Sa Reference List of Major Project & Supplies 2000 – 2015

    EXAKM SA REFERENCE LIST OF MAJOR PROJECT & SUPPLIES 2000 – 2015 Industrial Commercial & Technical Co. CLIENT EQUIPMENT BRAND PROJECT YEAR NEW INTERNATIONAL AIRPORT OF ERGOKAT ATE HYDRANTS ERHARD GmbH ATHENS 2000 “EL. VENIZELOS” NEW INTERNATIONAL AIRPORT OF SAFETY VALVES FOR WATER SUPPLY ERGOKAT ATE BAILEY BIRKETT ATHENS 2000 NETWORK “EL. VENIZELOS” NEW INTERNATIONAL AIRPORT OF J/V ERGOKAT-ELTER-PYRAMIS Co- PENSTOCKS ERHARD GmbH ATHENS 2000 OPERATION “EL. VENIZELOS” BALL VALVES, BUTTERFLY VALVES, EVINOS & MORNOS RIVERS JUNCTION, TERNA SA ERHARD GmbH 2000 CONTROL VALVES TUNEL & DIVERTION GREEK SUGAR INDUSTRY PNEUMATIC CONTROL VALVES SAMSON AG EZA S.A 2000 FISCHER & UNILEVER S.A - ELAIS VARIABLE ARE FLOWMETERS PEIRAOS FACTORY 2000 PORTER – ABB EYATH - SEWAGE CENTRAL J/V ATHENA S.A – X. KONSTANTINIDIS PENSTOCKS ERHARD GmbH TRANSMISSION NETWORK OF 2000 S.A THESSALONIKI FISCHER & ATHENIAN BREWERY S.A ELECTROMAGNETIC FLOWMETERS “IOLI” NATURAL WATER PLANT 2000 PORTER – ABB MUNICIPAL ENTERPRISE OF WATER 122 DISTRICT HEATING CONSUMER SUPPLY AND SEWAGE OF KOZANI EXAKM SA KOZANI DISTRICT HEATING 2000 THERMAL SUBSTATIONS HYDROELECTRIC POWER PLANT OF HYDROENERGIAKI S.A PENSTOCKS ERHARD GmbH 2000 “ANTHOCHORI” EXAKM SA Page 1 of 21 Ave. Kallirrois 39 Tel.: +30 210 9215332, +30 210 9218441, +30 210 9216887 GR-11743 Athens Fax: +30 210 9218761 http://www.exakm.gr Factory & North Greece Branch: Ο.Τ 039Β – Insustrial Area of Sindos, GR-57022 Thessaloniki, Τel. +30 2310 799954, +30 2310 570387 EXAKM SA REFERENCE LIST OF MAJOR PROJECT & SUPPLIES 2000 – 2015
  • Winter in Prague 144 Companies Representing 15 Countries Can Be Selected for Meetings Online

    Winter in Prague 144 Companies Representing 15 Countries Can Be Selected for Meetings Online

    emerging europe conference Winter in Prague 144 companies representing 15 countries can be selected for meetings online Atrium / X5 / Banca Transilvania / Torunlar REIC have recently signed up click here Registration closes on Friday Tuesday to Friday 4 November For more information please contact your WOOD sales representative: 29 November to 2 December 2016 Warsaw +48 222 22 1530 Prague +420 222 096 452 Radisson Blu Alcron Hotel London +44 20 3530 0611 [email protected] Companies by country Bolded confirmed Companies by sector Bolded confirmed Austria Hungary Romania Turkey Consumer Financials Healthcare TMT Atrium ANY Biztonsagi Nyomda Nyrt. Banca Transilvania Anadolu Efes Aegean Airlines Alior Bank Georgia Healthcare Group Agora AT&S Magyar Telekom Bucharest Stock Exchange Arcelik AmRest Alpha Bank Krka Asseco Poland CA Immobilien MOL Group Conpet Bizim Toptan Anadolu Efes Athex Group (Hellenic Exchanges) Lokman Hekim AT&S Conwert OTP Bank Electrica Cimsa Arcelik Banca Transilvania CME Erste Bank Wizz Air Fondul Proprietatea Coca-Cola Icecek Astarta Bank Millennium Industrials Cyfrowy Polsat S.A. Immofinanz Hidroelectrica Dogan Holding Atlantic Grupa BGEO Ciech LiveChat Software PORR Poland Nuclearelectrica Dogus Otomotiv Bizim Toptan Bank Pekao Cimsa Luxoft Raiffeisen Bank Agora OMV Petrom Ford Otosan CCC Bank Zachodni WBK Dogus Otomotiv Magyar Telekom RHI Alior Bank Romgaz Garanti Coca-Cola Icecek Bucharest Stock Exchange Ford Otosan O2 Czech Republic Uniqa AmRest SIF-2 Moldova Halkbank DIXY CSOB Grupa Azoty Orange Polska Vienna Insurance Group Asseco Poland Transelectrica Lokman Hekim Eurocash Erste Bank Grupa Kęty OTE Warimpex Bank Millennium Transgaz Migros Ticaret Folli Follie Eurobank HMS Group Turk Telekom Wienerberger Bank Pekao Pegasus Airlines Fortuna Garanti Industrial Milk Company Wirtualna Polska Holding Bank Zachodni WBK Russia Sabanci Holding Gorenje Getin Noble Bank Intercars Croatia CCC DIXY Teknosa Hellenic Petroleum Halkbank Mytilineos Atlantic Grupa Ciech Gazprom Tofas Kernel Hellenic Bank Pegas Nonwovens Podravka Cyfrowy Polsat S.A.
  • Marfin Investment Group Financial Results: First Half 2013

    Marfin Investment Group Financial Results: First Half 2013

    Investor Relations +30 210 3504046 www.marfininvestmentgroup.com Investor Release 2 September 2013 MARFIN INVESTMENT GROUP FINANCIAL RESULTS: FIRST HALF 2013 MIG achieves operating EBITDA profitability from recurring business operations (€11.1m vs. €1.6m losses in H1 2012) Consolidated H1 2013 revenues of €581.3m, 3.6% annual reduction, amid ongoing adverse economic and market conditions. Consolidated Q2 2013 revenues of €313.2m, vs. €323.3m in Q2 2012, implying a deceleration to the annual rate of revenue decline on a quarterly basis. H1 2013 EBITDA from recurring business operations 1 of €11.1m, a significant improvement vs. €1.6m loss in H1 2012, attributed to market share gains, expanding gross profit margins, cost containment effectiveness and improved efficiency. Reported group EBITDA of €4.0m, vs. €7.6m loss in H1 2012. Consolidated net loss, after tax and minorities, of €139.7m, adversely impacted by one-off deferred taxes (€35m) and discontinued operations’ losses (€22.8m), vs. €960.5m losses in H1 2012. H1 2013 Net Asset Value (NAV) of €1.23bn (vs. €1.30bn in FY2012), translating to a NAV per share of €1.59 (vs. €1.68 in FY2012). Cash balances, including restricted cash, of €177m at group and €100m at parent company level. Group receivables from the Greek state at €130m in H1 2013 vs. €146m in FY2012. Continuous dynamic asset rebalancing, aimed at deleveraging, yields the desired results, as consolidated gross debt declined by €61m vs. FY2012. Convertible Bond Loan (CBL) issue (29.07.2013) was covered by a total amount of €215m, of which €211.9m originated from the tender for exchange of bonds issued by the Company on 19.03.2010 and €3.1m represents new capital from the exercise of pre-emption rights.
  • Company Country

    Company Country

    Company Country 1 Teva Pharmaceutical ISR 2 Coca-Cola HBC AG GRC 3 Bank Hapoalim ISR 4 Israel Chemicals ISR 5 Bank Leumi ISR 6 Bezeq ISR 7 Azrieli Group ISR 8 Hellenic Telecommunications Organization S.A. GRC 9 Nice Systems ISR 10 Elbit Systems ISR 11 OPAP GRC 12 Mizrahi Tefahot Bank Ltd. ISR 13 Delek Group ISR 14 Frutarom ISR 15 Osem Investments ISR 16 Israel Discount Bank ISR 17 Israel Corporation ISR 18 Hellenic Petroleum S.A. GRC 19 Gazit Globe (1982) Ltd ISR 20 BANK OF CYPRUS PUBLIC COMPANY LTD CYP 21 Titan Cement Co. S.A. GRC 22 Melisron ISR 23 Alpha Bank S.A. GRC 24 National Bank of Greece S.A. GRC 25 Paz Oil ISR 26 Strauss Group ISR 27 Folli Follie GRC 28 Motor Oil Hellas Corinth Refineries S.A. GRC 29 First Intl Bank of Israel (5) ISR 30 Public Power Corp. S.A. GRC 31 Jumbo S.A. GRC 32 Oil Refineries ISR 33 Alony Hetz Properties & Inv ISR 34 Tower Semiconductor Ltd ISR 35 Migdal Insurance & Financial Holdings Ltd. ISR 36 Grivalia Properties R.E.I.C GRC 37 Harel Investments & Finance ISR 38 Delek Automotive Systems ISR 39 Amot Investments Ltd. ISR 40 Clal Insurance ISR 41 Delta Galil Industries ISR 42 Shikun & Binui Ltd ISR 43 Airport City Ltd ISR 44 Kenon Holdings ISR 45 Athens Water Supply & Sewerage GRC 46 Ezchip Semiconductor ISR 47 Jerusalem Oil Exploration ISR 48 Phoenix Holdings ISR Company Country 49 IDI Insurance Company Ltd ISR 50 Cellcom Israel Ltd. ISR 51 Partner Communications ISR 52 VIOHALCO SA/NV (CB) GRC 53 Mytilineos Holdings S.A.
  • AXIA Research

    AXIA Research

    AXIA Research Bloomberg <AXVA> Greece-Daily Note April 13, 2018 Headlines Athens General Index Macroeconomic News According to press, EuroWorking Group (EWG) officials told the Greek government that the draft growth strategy it presented for the day after Greece’s exit from the adjustment program, needs to be more precise in specific areas and to clearly account for the associated costs on the budget. According to Kathimerini, in parallel to the EWG meeting yesterday, there was also a Washington Group meeting yesterday. Debt relief and reforms will be the focus in today’s meeting between the Greek Finance Minister Euclid Tsakalotos and his German counterpart Olaf Scholz in Berlin. ELSTAT announced that the seasonally adjusted unemployment rate for January 2018 came to 20.6% compared to the upward revised 23.2% in January 2017 and 20.8% in December 2017. According to ELSTAT, total building activity in Jan’18 on the basis of issued permits increased close daily % Ytd % by 18.0% y-o-y, by 45.8% in volume terms while increased by 45.2% in surface terms. For the Athens General 806.08 0.85% 0.46% Market Turnover (EURm) 60.847 21.35% rolling 12-month period, building permits are up 9.2% (+20.7% surface, +23.5% volume). Market Cap (EURbn) 55.507 Market Cap / GDP* 29.67% Additional Headlines *2016 th ECB’s Governing Council on April 11 lowered the ELA ceiling for Greek banks by EUR 1.9bn to FTSE ASE movers (last trading day) EUR 14.7bn TOP Aegean Airlines announced that traffic volumes in 1Q18 increased by 12%.
  • PRESS RELEASE Q1 2016 Results

    PRESS RELEASE Q1 2016 Results

    27 May 2016 PRESS RELEASE Q1 2016 Results Consolidated EBITDA from business operations 1 increased 60.2% to €26.5m vs. €16.5m in Q1 2015 Consolidated Q1 2016 revenues amounted to €245m, recording a marginal decline of €1.2m, or -0.5% vs. Q1 2015. The marginal reduction is attributed to the prolonged economic recession in Greece, as the GDP in Q1 2016 declined by -1.3% vs. Q1 2015, as well as to the ongoing challenging economic and market conditions in the majority of the business sectors. Consolidated EBITDA from business operations increased 60.2% to €26.5m vs €16.5m in Q1 2015. The increase is primarily attributed to the marked profitability improvement of subsidiaries ATTICA, VIVARTIA and HYGEIA. Group consolidated EBITDA (including holding companies) increased 75.6% to €23.4m vs. €13.3m in Q1 2015. Group consolidated EBITDA margin almost doubled to 9.6% vs. 5.4% in Q1 2015. The widening margin is attributed to efficiency improvements as well as cost containment effectiveness. In May 2016, the Company issued a new common bond loan amounting to €150m, which EUROBANK ERGASIAS undertook to cover, to refinance an equivalent amount of an existing debt facility. The refinancing agreement provides for the long-term restructuring of the said debt, by extending the maturity by 3 years (October 2019). With this agreement, the Company completed the long-term restructuring of the entirety of its outstanding common bond loans, achieving the extension of the maturity horizon. 1 Consolidated EBITDA from business operations is defined as Group EBITDA excluding holding companies and non-recurring items.
  • 4Q:15 Results Release Tuesday March 29 PPC Wednesday March 30, OPAP,LAMDA Thursday March 31Frigoglass, Ellaktor, Gek Terna, Athens Water, Anemos

    4Q:15 Results Release Tuesday March 29 PPC Wednesday March 30, OPAP,LAMDA Thursday March 31Frigoglass, Ellaktor, Gek Terna, Athens Water, Anemos

    Weekly Review 24 03 2016 News Flow Eurogroup Head Jeroen Dijsselbloem in a formal statement stated that talks between the Greek government and institutions have been productive, with significant progress made on outstanding issues such as income tax and pension reforms, while work is ongoing and will continue over the Easter break. The statement also noted that mission chiefs will return to Athens on 2 April to resume the discussions with a view to conclude them as soon as possible. Greek Finance Minister Euclid Tsakalotos told Parliament that the government aims to conclude the negotiations over the program review by April 12-13, so an agreement with the institutions can be reached on both the obligations of Greece (under the new program) and the debt issue by April 22. German Finance Minister Wolfgang Schaeuble stated that alternatives must be found if Greece cannot deliver on pension reforms. At the same time, the Greek government continues to blame the stance of the IMF on the review negotiations, while US Treasury Secretary Jack Lew repeated that the IMF will not participate in the current Greek program if there is no debt relief. Macro/Political State Budget primary balance for Jan-Feb 2016 surplus EUR3.038bn vs. target of EUR1.065bn. Current account deficit (Jan-16) at EUR 742m, up EUR 461m y-o-y Reportedly GR deposits declined by EUR 1.0bn in February 2016 Turnover Index in Industry (Jan-16) -13.3% y-o-y. Travel receipts in January 2016 decreased by 4.7% y-o-y According to press Eurobank is in the final stages of entering