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Annual Report and Annual Bulletin Group Overview
Annual Report and Annual Bulletin Group Overview €2.2 billion invested in expansion and modernization since 2000 Six-fold Turnover growth since 1992 (from €267 million to €1,497 million) Fully active in four major regions – 58% of Turnover outside Greece and Western Europe Successful vertical integration – Non-cement products now 41% of Turnover Consistent cost reductions in all areas of operation CSR focus – First Company in Greece to sign the United Nations Global Compact A growing employer – Nearly fourfold employee growth since 1992 (from 1,554 to 6,034) KEY FINANCIALS 2003-2007 (thousand EUROS) 2007 2006 2005 2004 2003 Τotal assets 2,325,864 1,976,612 1,802,864 1,533,767 1,499,184 Ιnvested capital 1,741,587 1,407,247 1,317,409 1,065,223 1,003,031 Shareholders’ equity(1) 1,172,827 1,080,189 922,988 650,519 530,282 Turnover 1,496,915 1,568,109 1,341,727 1,142,474 1,066,531 EBITDA 425,863 480,671 389,173 318,472 301,704 Earnings before tax and minority interest 300,346 380,823 293,068 242,605 196,762 Earnings after tax and minority interest 239,739 259,185 210,128 176,951 122,872 Basic earnings per share(2) 2.85 3.07 2.50 2.11 1.46 Net dividend 63,399 63,338 50,598 43,747 39,868 Dividend per share(2) 0.75 0.75 0.60 0.52 0.47 Number of shares as at December 31st 84,532,574 84,485,204 84,330,124 84,129,224 83,932,824 2007 2006 2005 2004 2003 Interest coverage ratio 10.05 14.71 11.40 12.66 9.86 Net debt to EBITDA ratio 1.34 0.68 1.01 1.30 1.57 Return on invested capital(3) 15.5% 19.3% 17.9% 17.4% 14.3% (1): Shareholder’s equity has been restated for 2005 due to a change in the accounting treatment of dividends payable to shareholders, as required by IFRS. -
2016-17 Academic Year
2016-17 Academic Year Mr. Konstantinos Abatzis, Science teacher, completed his Postgraduate Specialization Diploma entitled “Education Sciences – Educational Leadership and Administration” at the University of Nicosia. Mr. Abatzis submitted his dissertation entitled “The Relationship of School Club Activities with Secondary Education and Forming School Spirit: The Case of Pierce – The American College of Greece.” Ms. Evangelia Vlachogianni, English Language teacher, attended the seminar entitled “The new era for IELTS in Greece: How to prepare students for IELTS Academic Writing and Speaking” which took place on November 16, 2016, in Athens and was organized by PEOPLECERT. Ms. Vlachogianni, also attended the webinar entitled “Empowering 21st Century Teenagers,” which took place on October 13, 2016. The webinar was organized by National Geographic Learning-Cengage Learning. Mr. Konstantinos Gakis, Greek Language teacher, published the article “Self-regulation and learning strategies for Elementary students with learning difficulties” in cooperation with and approved by the scientific journal Pedagogical Reason (in a forthcoming edition). Mr. Iakovos Delatolas-Saveris, English Language teacher, was invited by the organizers of the international conference “Teachers, Trends, Techniques - Α world of change,” spoke on the topic “Teaching an Original Video-Based Lesson in an EFL Classroom.” The conference was organized by TESOL Macedonia Thrace Northern Greece and took place February 10 – 12, 2017 at the American College of Thessaloniki. Mr. Iakovos Delatolas-Saveris, English Language teacher, was invited by the organizers to speak at the “Teaching and Testing Young Learners” and “Integrating Technology into Classroom Teaching” seminars, which took place on November 12, 2016 at the Stanley Hotel in Athens. The seminars were organized by Cambridge English Language Assessment, in cooperation with the Hellenic English Council. -
EUR XINT M G-EM HL Greece P EUR Index
Created on 31st July 2019 XINT M G-EM HL Greece P EUR Index EUR The XINT M G-EM HL Greece P EUR Index covers the highly liquid and liquid segment of the Greek equity market. The index membership comprises the 8 largest companies by freefloat adjusted market value and represents aproximately 85% of the Greek market. INDEX PERFORMANCE - PRICE RETURN EUR 110 100 90 80 70 60 50 Aug 2017 Nov 2017 Feb 2018 May 2018 Aug 2018 Nov 2018 Feb 2019 May 2019 Index Return % annualised Standard Deviation % annualised Maximum Drawdown 3M 32.57 3M 26.74 From 24 Jan 2018 6M 51.32 6M 21.27 To 20 Nov 2018 1Y -6.63 1Y 25.19 Return -41.26% Index Intelligence GmbH - Grosser Hirschgraben 15 - 60311 Frankfurt am Main Tel.: +49 69 247 5583 50 - [email protected] www.index-int.com TOP 8 Largest Constituents FFMV million Weight Industry Sector Hellenic Telecom. Organization SA 19.41% 3,049 19.41% Telecommunications Alpha Bank SA 15.59% 2,449 15.59% Banks Eurobank Ergasias SA 14.56% 2,287 14.56% Banks Greek Org. of Football Prognostics SA 14.47% 2,273 14.47% Travel & Leisure JUMBO SA 12.23% 1,921 12.23% Personal & Household Goods National Bank of Greece SA 9.26% 1,454 9.26% Banks Motor Oil Hellas Corinth Refineries SA 8.69% 1,365 8.69% Oil & Gas Titan Cement Company SA 5.78% 908 5.78% Construction & Materials Total 15,707 100.00% This information has been prepared by Index Intelligence GmbH (“IIG”). -
The Mineral Industry of Greece in 2016
2016 Minerals Yearbook GREECE [ADVANCE RELEASE] U.S. Department of the Interior October 2019 U.S. Geological Survey The Mineral Industry of Greece By Sinan Hastorun The mineral industry of Greece held leading positions 23%; gypsum, by 20%; sulfur, by 19%; limestone, by 18%; globally in the production of bentonite, huntite, perlite, and marble, by 14%; and pumice, by 13%. Gold output decreased pumice. In 2016, Greece was the world’s 2d-ranked perlite by 82%; crude attapulgite clay, by 58%; nitrogen (N content of producer, 3d-ranked pumice producer, 4th-ranked bentonite ammonia), by 37%; lignite coal, by 29%; pozzolan (santorin producer, 9th-ranked magnesite producer (not including the earth), by 24%; crude bentonite, by 21%; and processed United States), and 10th-ranked bauxite producer. The country bentonite, by 15% (table 1; Ministry of Environment & accounted for 30% of world perlite output; pumice, 5%; and Energy, 2017). bentonite, 4%. Greece was the sole European Union (EU) member state that produced nickel and ferronickel from its own Structure of the Mineral Industry laterite deposits (table 1; Ministry of Environment & Energy, Most mineral companies were privately owned. Government 2015, p. 11; Bennett, 2018; Bray, 2018a, b; Crangle, 2018; ownership was limited primarily to coal and nickel. The West, 2018). Government held a 55.2% stake in LARCO G.M.M. S.A., Greece has substantial nonfuel mineral deposits. These which was a leading nickel producer and the largest ferronickel include deposits of such metals as bauxite, copper, gold, iron producer in Europe in terms of output, and a 34.12% stake in ore, magnesite, nickel, silver, and zinc and such industrial Public Power Corp. -
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. -
Hellenic Equities: a New Start-July 2015
Hellenic Equities: A New Start-July 2015 In view of the imminent Hellenic stock market re-opening sometime in the short term future we attempt to re-value our preferred picks and affirm our investment thesis. It is more than obvious that in such extraordinary circumstances with low visibility and high volatility in the market and financial /fiscal operations, any assumptions regarding valuations fall under certain culprits. At the core of our problem lies the Risk free rate crucial for our model. We have utilized both the normalized scenario of 6.50% R.f. rate and the 10.50% stressed R.f. rate to better evaluate our picks. We are obliged to pinpoint that at 11.00% current 10yr Hellenic Government Bond yield both our scenarios fall short. Our fundamental research indicates as top picks in our Hellenic Equities Universe the following listed stocks: Coca Cola Hellenic (CCH), OTE Hellenic Telecommunications Organization (HTO), Aegean Airlines (ARAIG), Mytilineos Holdings (MYTIL), Metka S.A (METK), Hellenic Organization of Football Prognostics (OPAP), Titan Cement (TITK) and Hellenic Exchanges Group (EXAE). Additionally we have a positive view on Motor Oil, Thrace Plastics, Kri Kri S.A, Thessaloniki Sewage Company and Terna Energy S.A from smaller capitalizations. Coca Cola Hellenic Bottling operates largely in a broad geographical area covering the Balkan markets, Russia, certain parts of Europe and Greece. The Company is headquartered in Switzerland, a relocation offering an improved risk- return profile due to the significantly lower risk premium. We expect Coca Cola Hellenic to preserve its strong Cash Flow ability and regard it a safe and value play on Greek Equities. -
HELLENIC LINK–MIDWEST Newsletter a CULTURAL and SCIENTIFIC LINK with GREECE No
HELLENIC LINK–MIDWEST Newsletter A CULTURAL AND SCIENTIFIC LINK WITH GREECE No. 87 February–March 2014 EDITORS: Constantine Tzanos, S. Sakellarides http://www.helleniclinkmidwest.org 22W415 McCarron Road - Glen Ellyn, IL 60137 Upcoming Events the Poetics of Intimacy. He is the editor of the academic Greeks and Romans: Literature, Religion, journal “Illinois Classical Studies” and secretary- and Culture treasurer of the national society “Women’s Classical Caucus”. On Sunday, February 16, 2014, Hellenic Link–Midwest presents Professor Antonis Augoustakis in a lecture titled Greek Independence Day Celebration “Greeks and Romans: Literature, Religion,and Culture”. The event will take place at 3 pm at the Four In celebration of the Greek Revolution of 1821, Hellenic Points by Sheraton Hotel, 10249 West Irving Park Road Link–Midwest and the Hellenic American Academy will at Schiller Park (southeast corner of Irving Park Road present on Sunday, March 16, 2014, at 3:00 pm, a and Mannheim Road). Admission is free for HLM concert titled “Heroic Songs”. The event will be held at members and students with ID, and $5 for non-members. the Hellenic American Academy, 1085 Lake Cook Drive, Deerfield, Illinois. Admission is free. The Greeks had colonized the Italian peninsula from 800 BC onwards, and the presence of the Greek language The concert will be based on poetry of the Greek and culture in Italy was very strong, even before the National poets Rigas Fereos, Kostas Krystalis, Dionisios Solomos, Aristoleles Valaoritis, and on poetry of the growth of Latium became a strong presence in the area. contemporary Greek poets Christos Plakonouris, Alekos Southern Italy and Sicily became known as Magna Poulos, and Filippos Mavrogiannis. -
Editorial Board
EDITORIAL BOARD: Rismag Gordeziani – Editor-in-Chief Dimitris Angelatos (Nicosia) Valeri Asatiani Irine Darchia Riccardo Di Donato (Pisa) Tina Dolidze Levan Gordeziani Sophie Shamanidi Nana Tonia Jürgen Werner (Berlin) Tamara Cheishvili – Executive Secretary fazisi 11, 2008 ivane javaxiSvilis saxelobis Tbilisis saxelmwifo universitetis klasikuri filologiis, bizantinistikisa da neogrecistikis institutis berZnuli da romauli Studiebi © programa ‘logosi’, 2008 ISSN 1512-1046 EDITORIAL NOTE Those who wish to contribute to the journal Phasis are requested to submit an electronic version and a hard copy of their paper (in Microsoft Word for Windows format, font Book Antiqua). If there are any special characters in the paper, please indicate them on the left margin next to their respective lines. Notes must be continuously numbered in 1, 2, 3 … format and appear as footnotes. The following way of citing bibliography is suggested: In the case of a periodical or of a collection of papers: the name of the au- thor (initials and full surname), the title of the paper, the title of the pe- riodical, number, year, pages (without p.); In the case of monographs: the name of the author (initials and full surname), the title of the work, publisher (name and city), year, pages (without p.). Papers must be submitted in the following languages: English, French, German, Italian and Modern Greek. Accepted papers will be published in the next volume. Each contributor will receive one copy of the volume. Please send us your exact wherea- bouts: address, telephone number, fax number, e-mail. Our address: Institute of Classical, Byzantine and Modern Greek Studies Ivane Javakhishvili Tbilisi State University 13 Chavchavadze ave. -
Gecikmiş MODERNLİK VE ESTETIK KÜLTÜR Milli Edebiyatın İcat Edilişi Gregory Jusdanis, Kuzey Yunanistan'da Doğdu
• • GECIKMIS MODERNLİK • VE ESTETIK •• •• KULTUR Milli Edebiyatın İcat Edilişi � metis Gregory Jusdanis GECiKMiŞ MODERNLİK VE ESTETIK KÜLTÜR Milli Edebiyatın İcat Edilişi Gregory Jusdanis, Kuzey Yunanistan'da doğdu. On yaşın dayken ailesiyle birlikte Kanada'ya yerleşti. Üniversite eğitimini burada yaptıktan sonra eğitimini Almanya, İn giltere ve ABD'de sürdürdü. Halen Ohio State University' de Yunan edebiyatı ve edebiyat kuramı dersleri veren, milliyetçilik ve kültür üzerine çalışmalar yürüten Jusda nis, bu kitabından önce The Poetics of Cavafyadlı araştır masını yayımlamıştır. Metis Yayınlan İpek Sokak 9, 80060 Beyoğlu, İstanbul GECİKMİŞ MODERNLİK VE ESTETİK KÜL TÜR Milli Edebiyatın İcat Edilişi Gregory Jusdanis Özgün Adı: Belated Modemity and Aesthetic Culture Inventing National Literature © ı 991, The Regents ofthe University ofMinnesota ©Metis Yayın1an, 1997 Birinci Basım: Mayıs 1998 Yayına Hazırlayan: Beril Eyüboğ1u Kapak Resmi: Avni Lifij'in Elem Günü tablosundan detay ( 1917, Ankara Resim ve Heyke1 Müzesi) Kapak Tasarımı: Semih Sökmen Dizgi ve Baskı Öncesi Hazırlık: Sedat Ateş Film: Doruk Grafik Kapak ve İç Baskı: Yaylacık Matbaacılık Ltd. Cilt: Sistem Mücellithanesi ISBN 975-342-186-9 GREGORY JUSDANIS GECiKMiŞ MODERNLİK VE ES TETİK KULTUR• • • • Milli Edebiyatın İcat Edilişi Çeviren: TUNCAYBİRKAN METiS YAYINLARI Içindekiler Teşekkürler 7 Giriş 9 Milli Kültür Olarak Eleştiri 18 Imparatorluktan Ulus-Devlete: Yunanlılar'ın Beklentileri 35 Bir Kanonun Oluşumu: Kendilerine Ait Bir Edebiyat 79 Sanatın Ortaya Çıkışı ve Modernleşmenin Başarısızlıkları 134 Kamusal Kültür Mekanları 179 Sonsöz: Hikayelerin Sonu mu? 227 Kaynakça 232 Julian için Teşekkürler � İlerideki sayfalarda sık sık bu çalışmaya edebiyatların tarihsel olarak ortaya çıkışına dair kolektif bir araştırmanın bir parçası olarak bakılma sı gerektiğini belirtiyorum. Bu kişisel olarak da doğru. Birçok arkadaşı ma, meslektaşıma ve bazı kurumlara çok şey borçluyum. -
Restoring the Healthcare of Greece Solutions for a Better Tomorrow
RESTORING THE HEALTHCARE OF GREECE SOLUTIONS FOR A BETTER TOMORROW 25 JANUARY 2017 09.00-11.00 EUROPEAN PARLIAMENT – ROOM 6Q1 (JÓZSEF ANTALL BUILDING) PROGRAMME WELCOME LETTER Dear participant, European healthcare systems are in transition and so is the Greek healthcare system, since Greece faces one of the most profound fiscal crises in Global history. Healthcare and long term care policies are facing fiscal sustainability challenges mainly due to the high governments’ debts and the budgetary pressure posed by the implementation of cost containment policies. The event “Restoring the healthcare of Greece: Solutions for a better tomorrow” is an attempt to discuss how the Greek healthcare system can reform to better deal with the challenges and to realize the opportunities of tomorrow. Important milestones are on the agenda including the industry’s contribution to deve- lopment and National Economy, the way to tackle ineffective spending in healthcare and how health care systems should adapt to new challenges: fiscal constraints (closed pharmaceutical budget), long term unemployment (74.3% in 2015), the number of unin- sured citizens (2.5 million in 2016), new advanced therapies, the ageing population, and the growing burden of chronic conditions such as cancer, diabetes, Alzheimer’s, and cardiovascular disease. Thanks to improvements in living conditions, socio-economic development and medical progress, we live longer than ever before. This is fundamentally a great achievement. However, since the beginning of the financial crisis in 2008, cost containment policies, have focused on medicines rather than healthcare interventions and structural reforms, in order to achieve short-term savings at the expense of structural reforms or long-term outcomes driven sustainable healthcare delivery. -
Centre for Hellenic Studies
Centre for Hellenic Studies Newsletter 30 December 2019 Director’s Report The year 2019 started off strong with a fascinating, well-attended Biography of a Modern Nation, will help shape the many ways Runciman Lecture, given by Professor Richard P. Martin in which Greece and the Greek diaspora will be celebrating the (Stanford University). Over the summer, the Arts & Humanities bicentenary of the Greek Revolution in 2021. Research Institute (AHRI) and CHS collaborated closely to A student group visited Athens and Rhodes during the last week overhaul the Centre’s webpages and to upload another rich events of October 2019. Their trip was generously sponsored by the list for the new academic year. Our autumn semester started with Jamie Rumble Memorial Fund. Pictures from their trip and their a celebration. On 30 September colleagues and CHS friends and many adventures grace this newsletter. One of the highlights of donors came out in strong numbers to congratulate Emeritus the tour was a guided visit of the Stavros Niarchos Foundation Koraes Professor Roderick Beaton on the special distinction Cultural Center. Also exciting was their meeting, in a classroom he received a couple of weeks earlier (on 9 September): in a setting, with students and peers from the University of the Aegean special award ceremony held at the presidential mansion, Mr Rhodes campus. The trip was an intrinsic part of our newly Prokopis Pavlopoulos, President of the Hellenic Republic, designed BA and MA module, ‘Engaging Greece: Experiencing bestowed on him the Medal of the Commander of the Order the Past and Responding to the Present’. -
The Illustrious Career of HBO Impressario Anne Thomopoulos
S O C V st ΓΡΑΦΕΙ ΤΗΝ ΙΣΤΟΡΙΑ W ΤΟΥ ΕΛΛΗΝΙΣΜΟΥ E 101 ΑΠΟ ΤΟ 1915 The National Herald anniversa ry N www.thenationalherald.com A wEEkly GrEEk-AmEriCAN PuBliCATiON 1915-2016 VOL. 19, ISSUE 972 May 28 - June 3, 2016 c v $1.50 The Illustrious Career Greece to Get a Third Bailout – 11 Million Euros Of HBO Impressario Tsipras Agrees to Demands for More Anne Thomopoulos Taxes and Austerity By Vasilis Papoutsis keeping the same salary, with TNH Staff the understanding that if she LOS ANGELES, CA - Anne Tho - was successful she would retain ATHENS – Greece’s European mopoulos is a prolific television the position. She remained lenders are ready to reward and film producer. As Senior there until HBO knocked on her Prime Minister Alexis Tsipras Vice President of HBO, she was door. Thomopoulos was brought with 11 billion euros from a instrumental in the develop - in to establish a dramatic series third bailout in return for reneg - ment of Emmy and Golden department and she created the ing on anti-austerity promises. Globe-winning series From the popular and critically acclaimed Tsipras, the Radical Left Earth to the Moon and Band of series Oz. SYRIZA leader, came to power Brothers among others. With a budget rivaling that last year on the back of promises She is the daughter of Tony of the motion picture industry to reverse pay cuts, tax hikes, Thomopoulos, the former Pres - but without the content con - slashed pensions, worker firings ident of ABC Broadcast Group, straints of conventional broad - and privatizations but agreed to and a graduate of Georgetown cast television, HBO became the implement more, completing his University.