Corporates
Coca-Cola HBC’s results for the first half of 2020 showed that net sales revenue fell by 15.5 percent year-on-year.
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), revealed that revenue rose by 7.1 percent during the first quarter (Q1) of 2020.
Greek construction and energy group GEK Terna has released its financial statements for the year 2019 which showed that group revenue came to 1.16 billion, a decrease of 17.5 percent compared to the previous year.
Fourlis Group has reported an decrease in sales of 12.6 percent in their first quarter (Q1) results for 2020.
The Athens Water Supply and Sewerage Company (EYDAP) has released its full year financial results for 2019, showing that turnover increased by 0.4 percent for the year in question, coming in at 323.7 million euros versus 322.4 million euros in 2018.
The Piraeus Port Authority (PPA) has released its annual financial statement for 2019, which revealed that turnover rose by 12.3 percent year-on-year.
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues in the first quarter (Q1) of the year rose by 3.6 percent year-on-year (YoY).
ADMIE Holding SA’s 2018 financial results have shown that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) rose by 28.4 percent to 53.9 million. Net profits came to 53.7 million euros in 2019 compared to 41.9 million euros in 2018.
Several Greek corporates released first quarter (Q1) trading updates during the week, showing steady performance so far but urging caution over the coming period due to the coronavirus pandemic.
The Ellaktor Group of Companies’ financial results for 2019 showed that revenues for the financial year came to 1.27 billion euros compared to 1.86 billion euros for the same time last year, dropping by 31.4 percent.