Diamonds of the Greek Economy 2014 by NewTimes

inGreece M D MOST A

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2014

The most admired enterprises

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of the Greek Economy 2014

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inGreece

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of the Greek Economy 2014

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URL: www.traveltimes.gr www.statbank.gr www.timetv.gr www.newtime.gr Email: info@traveltimes.gr PUBLISHER Spyros A. Ktenas EDITOR IN CHIEF Dionisis Vasilopoulos EDITORS Konstantinos Panagopoulos Pantelis Arsenis George Sakkas Antonela Toni SALES MANAGER Theodoros Tsakaloglou CREATIVE ART ACTIVE BUSINESS PUBLISHING DATA BASE Ioanna Stergiou

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PAGE SETTING Travel Times Publishing LTD CTP & PRINTING Roi Bros SA

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Distinguished Companies .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 202-225 Table .. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .. 226-239

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Spyros Ktenas

Entrepreneurial spirit returning to Greece! Significant losses for Greek economy and society during crisis Firstly, the recession amounted to 20.4%. Secondly, the reduction of disposable income exceeded 30%. Thirdly, private consumption, in terms of fixed prices, fell by 23%. Fourth, spending on investments tumbled by 51%. Fifth, real average gross earnings were reduced by 25.2%, while lower-end earnings fell by 19.9%. Sixth, 904,200 jobs were lost between the period 2009 and 2013, a 19.9% reduction. Seventh, approximately 75,600 enterprises (30% of the total number of firms) ceased operating during this period.

Editorial

However, significant revisions have also taken place in the country during this period.

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Greece’s fiscal matters are being tidied up. The country has returned to international markets for borrowing needs. The country’s gigantic efforts are being recognized and commended by the international community. Investments of local and foreign interest have begun taking place. The banking system has begun regaining its stability and supply of liquidity to the market is anticipated. The level of bureaucracy has fallen considerably, while the previously “hostile” treatment of entrepreneurial efforts is gradually improving. A bill for the simplification of procedures concerning issuance of new business licenses has been announced. Highly anticipated privatizations have begun. Value Added Tax has been reduced for accommodation and dining. Contributions to social welfare funds have fallen and are expected to fall further, beginning July 1, 2014. The legal framework concerning the functioning of the country’s airports and ports is changing. A revised town planning system and regulations for seaside regions are both approaching completion.

Amid this environment, the country’s entrepreneurial world is seeking solutions and ways towards a return to growth. Many firms have gone out of business but many have confronted the repercussions of the crisis by pursuing positive development plans. This edition, now in your hands, exemplifies the latter. For yet another year, this latest edition of “Diamonds of the Greek Economy” captures and depicts the country’s most robust firms on growth trajectories. The assessment of firms was conducted based on ten financial criteria, leading to the list of firms included in this edition. As part of their overall activities, the enterprises that qualified for our list, and those that didn’t, all still need to deal with a series of parameters that must be revised. Numerous pending issues still need to be taken care of. They include: A fair, stable, and alluring tax system is still needed, but its development has been delayed, mainly because of objections raised by our lenders. A recent proposal made by the Foundation for Economic & Industrial Research (IOBE) for a flat tax rate of 20% would have been a major leap ahead. Even more importantly, legal ratification is necessary to ensure that this framework will remain unchanged for an entire ten-year period. The banking sector is gaining capital sufficiency which, however, needs to be transformed into liquidity for enterprises. The town planning registry, the entire town planning layout, and the strategy for development and protection of seaside areas along this country’s 16,000 km of coastline, all need to be completed. The upgrading process of the capital’s center, as well as of seaside areas in tourism-related cities, towns, and villages, needs to continue at a swifter pace. Athens should be the first step of this process. Particularly ambitious investment plans have already been set in motion. Higher subsidy rates for tourism enterprises in Athens and Thessaloniki need to be added to existing investment law. Privatization procedures at the country’s airports and ports needs to be completed.

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DIAMONDS OF THE GREEK ECONOMY 2014

Comment by Mr. Andreas Andreadis, President of SETE (Association of Greek Tourism Enterprises)

Andreas Andreadis

Tourism’s momentum a fundamental pillar for road to growth

Over the next eight to ten years, international arrivals may reach between 22 and 24 million

Without a doubt, significant progress was observed with regard to Greek tourism growth during 2013. It has, by now, become clear that the sector’s momentum stands as one of the most fundamental pillars supporting the country’s effort towards a new beginning and growth. This year, the sector registered 17.8 million international arrivals to Greece and 12.5 billion euro in revenues, including those generated by cruise ships. One of the most important steps towards this direction was the institutional recognition of SETE as an equal social partner. With our new institutional role we are now able to advise, pressure and support the state more effectively, so that Greek tourism can contribute even more to the country’s swiftest possible exit from the crisis. The recent completion of a study by

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McKinsey titled “Tourism Strategic Planning 2021” represents part of the activity conducted by SETE as a modern social partner. We submitted a completed strategic business plan, or a road map towards materialization that is free of party politics, possesses a clear vision, and has a deep understanding of the prevailing conditions and potential of Greek tourism. The study presents six basic categories in detail along with a series of supportive products and complementary services that stand, without a doubt, as Greek tourism’s major strengths. The six categories focused on by the study concern an equivalent number of sub-sectors, these being Sun and Beach, Conference Tourism, City Break, Cultural Tourism, Naval Tourism, and Medical Tourism. The study develops a detailed strategy for each one of these products that includes appropriate market strategy, categorization of clients, infrastructure development, and strategic promotion. Over the next eight to ten years, international arrivals may reach between 22 and 24 million, along with an increase of average spending per trip to 800 euro. At that level, tourism’s total contribution to GDP would be 45-48 billion euro (20-21% of GDP) and approximately one million jobs, or an additional 300,000 compared to the present level. If these objectives are to be achieved, however, an increase of average annual investments by about 3.3 billion euro will be needed over the next eight years. A basic part of these required investments concerns a focused upgrade of existing accommodation facilities, the creation of new high-quality units, utilization of the country’s rich cultural heritage, and infrastructure improvement in naval tourism. State and EU funds (eg National Strategic Reference Framework, or NSRF) will be utilized carefully so that they may serve as a

base for an increase in private investments and improvement of their effectiveness. Furthermore, also necessary is a series of interventions, the most significant of these being the institutionalization of a stable and enticing tax system framework, a retargeting of the investment law, and a restart of the banking system for the financing of sustainable and healthy tourism enterprises. As for the tax system framework, the decision to maintain the value added tax rate for the dining sector at 13% comes as a particularly positive first step. The recent proposal by IOBE, the Foundation for Economic and Industrial Research, for a flat tax rate of 20% would prove to be a major step forward. More crucially, a commitment, either legal or constitutional, pledging no changes to the country’s tax framework for a five-year period is necessary. The investment law needs to focus on new investments of greater quality or an upgrade of existing operations for the creation of the greatest possible value added increase. The banking system must refinance a sector such as that of tourism – it is export-oriented, possesses major competitive advantages, and potential - as soon as possible. Last season’s success of surpassing our objectives to great degree, both in terms of arrivals and revenues, indicates that a positive future lies ahead. As long as the country maintains conditions of political stability and remains focused on fundamental objectives, it can be deemed certain that a new record-breaking season for Greek tourism will be achieved. The objective for 2014 has been set at 18 million international arrivals and 13 billion euros in revenues.

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DIAMONDS OF THE GREEK ECONOMY 2014

President of the board, Hellenic Chamber of Hotels

Georgios Alex. Tsakiris Coordinated effort, headed by Tourism Ministry, is needed

Without a doubt, the attraction of new investments cannot be overlooked as a crucial component for the country’s exit from the crisis

The year 2013 proved to be exceptional, with significant positive results for Greek tourism. The sector proved that it constitutes the country’s most important component of economic activity, while also being the main supplier of employment. For 2014, the signs coming in from main tourism markets indicate that the favorable results of 2013 will be sustained, with further rises expected – under the condition that political stability and the country’s good image abroad are maintained. For the first time after many years, the country has regained tourism potential. The continuation of the upward trend in the demand for our tourism product in the years to come demands the immediate implementation of a series of important adjustments, and not complacency. The current conditions are ideal for the implementation of necessary adjustments that will need to focus on six fronts: Enrichment of the tourism product with new thematic and profitable forms of tourism, which stands as a necessary aspect for the achievement of sustainability in Greek tourism. Upgrading of hotel services and the necessary – these days - reevaluation and certification of services and infrastructure of Greek hotels and lodging, based on internationally recognized standards. Support for Greek hotels and accommodation. It needs to be understood by all that Greek tourism cannot be without Greek hotels. Without a doubt, the attraction of new investments cannot be overlooked as a crucial component for the country’s exit from the crisis. However, the survival of a hotel industry with Greek interests, running parallel with the

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maintenance of a healthy and competitive environment in tourism and a lessening of burdens that are weighing down tourism enterprises, and, by extension, our tourism product’s competitiveness, are all equally vital components. Specification of a model for tourism growth, especially amid today’s environment of increasing competition in tourism, where standards and trends are constantly changing. We are obliged to react accordingly and specify which direction we want to head towards and revise our objectives and strategies with all the financial tools at our disposal. A coordinated effort by all relevant ministries, headed by the Tourism Ministry, which is responsible for mapping out a centralized plan for Greek tourism growth, is necessary. An effective distribution of roles and responsibilities between the public and private sectors has now become a necessity for the tourism sector. The public sector must take on the role of planning a growth and operations strategy so that the prerequisites for growth in the private sector, and the actualization of investments, may be ensured. The elimination of obstacles means growth, and it also means revenues. Should we succeed in achieving a balance between these forces, we will be able to enjoy the greatest possible benefits offered by growth in Greek tourism, both as a nation and society.

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Article by Mr. Evangelos Kalousis, the federation’s president Federation of Hellenic food industries (SEVT)

Evangelos Kalousis Food industry needs to confront accumulation of problems

New investments are vital for the Greek economy to regain its momentum

The recent years have been a particularly difficult period for the country’s economy, citizens and entrepreneurs. Not a single sector has managed to remain unaffected by the unfavourable environment. Though it is true that demand for our products is more stable compared to other sectors, the Greek foods industry does need to confront an accumulation of problems. They include the decline in consumer purchasing power, an acute lack of cash flow, price rises in raw materials and energy, continual emergence of extraordinary tax demands, as well as continual tax policy and administrative changes, which ensure anything but a stable climate for business activity and new investments. Despite the unfavourable environment, the Greek food industry continues to be a dynamic sector, competitive and export-

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oriented. Our sector holds the top spot amid all Greek industries with a 26% share of sales. More than 1,240 firms are active in the sector, with over 360,000 persons employed either directly or indirectly. Export performance is strong with exports in excess of 3 billion euro, which represents an 18.2% share of Greek product exports. The Greek food industry is contributing, and can contribute further, to economic growth. It is worth noting that Greece ranks as the world’s third largest olive oil producer, while the quality is second to none. Greece is the world’s biggest exporter of canned peaches, while the country holds a 28% share of the international feta cheese market. I should also make note of the successful course pursued by classic Greek products such as yoghurt, honey, olives, as well as the greater potential for production and processing of Greek raw materials and export of ecological products. We see, then, that there is tremendous potential for further growth in the food sector, combined with more modern, quality-driven agricultural production. The solution leading to an exit from the crisis includes growth. The Greek food industry is contributing substantially to this, with emphasis placed on improved competitiveness, reinforcement of export orientation, promotion of research and innovation, and attraction of new investments. Despite the adverse conditions, Greece’s food industry continues to deliver quality products at the best possible prices to meet the needs of consumers. Also, the sector is developing and promoting new products that support Greek agricultural production and Greek eating habits, while

also promoting the sector’s export orientation. As for research and innovation, the sector is now investing heavily and furthering its collaboration with universities, research teams, and other educational institutions. Amid this framework, SEVT has taken many initiatives, the most important of these being the establishment of the Greek Technology Platform “Food For Life”, which aims to specify national research priorities and map a National Strategy for Research and Technological Development through an association between the academic and business communities. Moreover, SEVT has organized a European contest, Ecotrophelia, in Greece over the past four years, for which student groups and their professors create and present innovative food products to industry representatives. The competition is held at a national and European level. A Greek team was awarded the first prize in 2011. Finally, new investments are vital for the Greek economy to regain its momentum. For this reason, our sector is making an effort to ensure support for private sector initiatives and the development of entrepreneurship through a climate of trust and meritocracy, amid a stable administrative and taxation framework. We at the Federation of Hellenic Food Industries believe that a recovery is possible. We are confronting the adverse conditions with determination, strength, and hard work, while looking forward to the future with optimism and a mood for creativity.

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DIAMONDS OF THE GREEK ECONOMY 2014

By Dimitris Mathios President Wider Athens and Piraeus Industries Association (S.V.A.P.)

Dimitris Mathios

Growth is not only necessary It is the only way

we are fighting for the finalization of a major, pending and long-overdue issue concerning town planning and building regulations Before proceeding with what needs to be done and what we are all obliged to do for the sake of our economy and nation, let’s first “balance the books”, as we entrepreneurs say. Let’s take a look at the problems we have and what we need to confront in order to change the economy’s course and get us out of the current situation. Right now, we are faced by the largest unemployment rate in Europe, and, to rectify this, we need to create approximately two million jobs. About 750,000 persons are employed in the processing and manufacturing sector, and their jobs will be maintained only if there is cash flow, steady taxation and growth policies, low energy costs, and revisions focused on privatization, which would open up the market and create jobs. The building sector has been shattered, leading to the closure of 250,000 small businesses in the sector, abandonment of

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professional positions in the sector, as well as the closure of roughly 200 medium and large industrial firms linked to the building sector. Public sector investment has frozen and cash flow in the market has been reduced significantly as a result of state debt, which translates to the drying up of enterprises and employment. The privatization rate is moving at a rate of next to nothing, existing only in theory, which has led to the suspension and abandonment of investment plans that, otherwise, would have changed the market’s overall climate. We have a banking credit system that is hardly functioning for well known and understandable reasons, which, however, is causing severe repercussions in the effort to reignite economic activity. We have conflicting views being expressed by political parties and the government, which, overall, make no sense in terms of prospective growth, all amid a blurry environment that is not growth-oriented. But we also do have some optimistic data in the form of the primary surplus in 2014, as well as indications of an exit from the crisis. What do we need to do, then, given these conditions? Personally, I believe the first step that needs to be taken is to bolster the country’s credibility through the formation of an appropriate business environment, which would allow prospective investors to know what kind of an environment they would be operating in should they choose to do business in Greece. In practice, this means that, as a nation, we need to offer specific and understandable regulations which, on the one hand, entail no pending issues in economic policy, and on the other, ensure clear-cut ties between the state and the economy. Unfortunately, for the government, the pending issues that exist right now are extensive, and they need to be brought to an end as soon as possible. Of these, one of the most important issues is that of taxation policy and the form it will finally acquire following tax policy revisions. It needs to be detached from the

purely tax-collection logic it is currently based on and, instead, adopt elements that incorporate growth objectives as well as stability for at least a decade. A second issue is that of labor policy. Many versions have been expressed as to what shape it may acquire, including by the political parties that make up the current coalition government. Here, too, many aspects of the plan remain unresolved and conflict each other. The final revisions for regulations concerning social security contributions, collective sackings, and collective job agreements, all of which remain unknown, are top priorities. A third issue is the finalization of the state’s pricing policies on energy, port services, and transportation. Numerous firms have even suspended their export activity because talks for the finalization of terms on state pricing policies have yet to be completed. As for certain problems concerning members of the Wider Athens and Piraeus Industries Association (S.V.A.P.), we are fighting for the finalization of a major, pending and long-overdue issue concerning town planning and building regulations around the country, especially in the wider Athens region. The overall vagueness, which is prompting policy confusion at industrial zones, as well as regions beyond industrial zones, combined with unclear transportation requirements imposed on firms in the wider Athens region, needs to be brought to an end. As a pending issue, it is the cause of unacceptable confusion. All these aspects I am describing concern steps towards growth that probably should have already been resolved. If we are to be led towards the economic growth that we desire, we will firstly need to map out a growth strategy. This is a toppriority requirement, both for the economy and our nation. However, if a feasible plan with vision is to be put forth, we, the entrepreneurs, also need to take part in the discussions in order to explain which paths are accessible and which are not, and we need to rectify these.

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President of the Greek-French Chamber of Commerce and Industry

Christoforos Hatzopoulos French firms persisting amid Greek crisis

young people will increasingly turn to the private sector The Greek-French Chamber of Commerce and Industry has two fundamental reasons to feel satisfied. Firstly, having operated for over 130 years, it is the oldest bilateral chamber in Greece, and whatever this stands for in terms of experience. This long-term presence has influenced the country’s economic and social life. The French Revolution in 1789 and the Greek Revolution in 1821 prompted mutual admiration between the people of the two countries, making the establishment of close cultural and economic ties a natural development. The second reason offering satisfaction is, to a certain extent, a natural continuation of the first as, despite the differences in size of populations, and technological and economic levels, as well as cultural differences, the two nations share common characteristics which, following the entry of both countries into the European Union and use of a common currency, facilitated closer economic ties. During the ten-year period prior to the crisis, France became one of the biggest investors in Greece, while French firms, as a whole, stand as the biggest provider of employment. The crisis brought about changes to the

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scene, but most of the 130 or so French firms operating in Greece have stayed on and are keeping a close watch on all positive indicators for the improvement of Greece’s economic state. Missions by our chamber to France in recent years have shown that the interest of French firms for investment and collaboration remains strong. I would like to believe that if Greece implements the required revisions and adjustments, France will show its interest in real and practical terms. This is the positive side of things. I believe that, besides putting its economy in shape, Greece needs a deep and thorough restructuring of the public sector, at all levels. Today, the private sector – essentially the only sector that may produce wealth – is being run to the ground so that the public sector may survive. Job losses, company closures, and harsh words apply only to the private sector. The expressions and words being tossed around for the public sector are dubious and unclear, such as “mobility”, implying job transferal, and “availability”, implying possible early retirement. The public sector, whose level of performance and services offered cannot make any Greek citizen feel even a basic level of satisfaction, is strangling the private sector, whose death, by extension, also leads to the demise of the public sector. The public sector’s overall stance and behavior during these sour times may be likened to a raging beast that becomes more aggressive and unpredictable as death approaches. My personal prediction, and deep conviction, is that the country will, under no circumstances, exit the dark tunnel it now finds itself in if there is no major modernization of the public sector, which is infamous for its terrible services to this very day and the waste of public money due to bad organization. Despite the government’s awareness - in recent years - of the need for investment and ratification of relevant law revisions, Greece has not managed to establish itself as an “investment friendly” country, nor has it become friendlier in terms of the

still-existing private sector’s ability to operate. The time it takes to start up a new firm one day rather than 30 - is definitely a positive step. But it remains a secondary factor as the measures taken to achieve this do not offer solutions further down the track, obstacles including the daily grind of bureaucracy and acts of blackmail faced by firms in their ensuing dealings with tax authorities, building authorities, or local governments. Also, although we all agree that a consistent tax system is of crucial importance, we have been doing the exact opposite of late! As citizens and politicians, we have all been divided up into groups that stand in favor and opposition of the country’s bail-out program, a public debate that no longer has any meaning. The term “economic growth” is at the tips of the tongues of all, but we do not know how this can be initiated. Personally speaking, I have no doubt that this will be achieved through the private sector – that is if the state shapes up and stops treating this sector like its worst enemy. We also need to invest in an upgrading of the quality in education and finally implement the much-talked-about connection between education with the “real economy”. The members and firms of GreekFrench Chamber of Commerce and Industry, as well as other bilateral chambers, can help tremendously in this department. Let’s not forget that the public sector can no longer absorb large numbers of staff. Subsequently, young people will increasingly turn to the private sector. It is a duty for all of us to possess the required training and psychological readiness. On the positive side of things, we should highlight that, amid the crisis, the GreekFrench Chamber of Commerce and Industry has made operational adjustments aimed at promoting and supporting Greek exports. Significant achievements have been made. Plenty more work is needed and the Greek-French Chamber of Commerce and Industry will continue to perform its duty.

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President, Entrepreneurs Club of Greece CEO GENESIS Pharma

Constantinos Evripides

It’s time to restart Greece’s engines of growth

We all need to share one common obligation, to release the ingenuity and creativity of the human capital.

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The fiscal adjustment of the country and the shift of the negative market sentiment are undoubtedly very important victories that came after a prolonged period of gloomy prospects and great uncertainty. But without restarting Greece’s engines of growth, these victories are shaky and definitely not sufficient to tackle resolutely the huge unemployment rates and to restore social cohesion. Preventing bankruptcy is a huge step, but it is only the first of many more needed to bring the economy back on track, to ensure that the country will grow and prosper again. The fuel of growth is no other than entrepreneurship and it’s time for us to put in motion a development plan that can produce national wealth and be competitive in the new economy and the global market. For many years our economy depended on consumption. Entrepreneurship was shallow, lacking quality, transparency, extroversion, innovation. This has been a model that worked during times of credit boom, but not anymore. To grow again, we need to turn from consumers to producers, to focus more on innovation and high quality of goods and services, to be driven by the vision to create added value. We cannot expect easy solutions, because there are not any. Returning to the before crisis GDP is a long and winding road that above all demands a joint effort of the state and the business sector. The state’s core mission is to establish the framework in which entrepreneurial activity and investments can flourish. We need a mix of policies that will bring quick victories, but also a mixture of structural reforms that will reshape our economy. The good news is that, after many years of inaction, we are taking steps towards overcoming chronic structural rigidity of the market- for example: simplification of licensing procedures, clearing of debts and changes in business taxation. In addition, it seems that a strategic macroeconomic business model is in place, focusing on sectors which the country has a traditional comparative advantage and also sectors of the new economy: energy, infrastructure, transport, shipping, tourism, agriculture, technology. In this context, it is also crucial

to ensure liquidity to businesses by completing the reconstruction of the banking system, as well as a stable tax framework. Last but not least, in order to change course towards a production economy, it is vital to improve our performance in R&D, shifting spending in research, investing in the human and knowledge capital and ensuring a favorable environment. Entrepreneurs also need to contribute to this transformation. In order to grow and prosper, it is necessary to change the way we think and do business. Economy’s reboot should be based on sound business efforts and innovation. We need businesses with high quality, competitive products and services that offer added value and meet the needs of the modern global economy. We need start-ups that thrive through excellence, transparency, accountability and can be competitive outside our borders. These are the businesses that can create new jobs and can lead the new era of the Greek economy. Finally, we all need to share one common obligation, to release the ingenuity and creativity of the human capital, to inspire young minds and inculcate entrepreneurial passion and a vision for creating something new and different, so as to cultivate a national entrepreneurial orientation. The country is changing. In order to fully recover and flourish, the state and entrepreneurs should work together towards establishing a healthy, competitive business model that will lead to innovative and responsible entrepreneurship and will leave no room for the distortions of the past that led us to this deep recession in the first place. It is our duty to rebuild a climate of trust and transparency that will benefit Greece, businesses and the society as a whole. If we move resolutely and methodically, then we can talk about a New Greek economy within the next decade. This is definitely a stretch target; however I am a firm believer that stretch targets have the power to help anyone reach his highest peak. Industrial and commercial companies, which despite the extreme pressures of the recession have managed to maintain their dynamics in the local market and abroad, can lead this change.

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Agricultural Development Minister

Athanassios Tsaftaris

Agriculture can serve as economy’s steam engine

The more fresh minds entering the farming sector in our country, the greater the benefit for this land “The agricultural sector can serve as the steam engine of the Greek economy. However, in order to achieve this, we need a productive Greek farming sector, quality products and goods, an agricultural sector of balanced development, covering all sectors, meaning development of cultivated production as well as livestock production. We need to have an agricultural sector that is able to deal with climatic changes, one embellished with new farmers. We are striving to revitalize rural Greece, which, on the one hand, would reduce unemployment, and, on the other, ensure the future of agriculture, rural regions, and, by extension, the nation. It is our aim to establish the agricultural sector as the primary supplier of the local food market and the processing industry, while also offering consumers nutritious and fresh food at affordable prices, as well as at profitable levels for producers. Moreover, the aim is for the agricultural sector to produce high-quality raw materials for the processing industry, and, parallel to this, to further strengthen the exportoriented nature of our farming sector. Let’s not forget that more than half of the country’s top ten exported products are

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agricultural. At the Agricultural Development Ministry, we push, every single day, for an agricultural sector that is supported by three principles - quality, export orientation, and sustainability. Our efforts to support the export orientation of quality Greek products are producing results. The five “tools” we have developed as a nation, especially the institutions created at the Agricultural Development Ministry, for the support of exports, as well as the simplification of procedures throughout the sector’s export-oriented network, are: a) the institution of licensed trading; b) Registry for Merchants of Fresh Fruit and Vegetables; c) Inspection System for Fresh Fruit and Vegetables; d) Registry for Merchants of Agricultural Products, which is linked to the General Registry for Merchants; e) Single Window program concerning full computerization of the inspection system and certification publishing, combined with the interconnection of the Agricultural Development Ministry’s operational systems and customs offices. The new [EU] Common Agricultural Policy, through which our country managed to ensure 20 billion euro of financing following a hard-fought effort, stands as one of the most significant “tools” for achieving a modern model towards agricultural and provincial development; a model that will be sustainable in terms of the environment, the economy, and society, with a focus on reestablishing the nation’s productivity. The most crucial structural problem for our country, and all of Europe, is that of an ageing population. We can keep producing with less water and higher energy costs, but farming cannot exist without farmers. Our country fought hard, at EU level, for the support of young farmers in the new subsidy-funding period, and pushed for the 2% share of the Common Agricultural Policy’s total budget to be exclusively allotted to young farmers. We are making a great effort to reinforce young farmers. We want to support them, and this is exactly what we are doing. A total of 12,000 persons have been inducted [subsidy programs] based on older program announcements, and now, a further 8,500 young farmers will be inducted into the latest program, worth 140 million euro.

The more fresh minds entering the farming sector in our country, the greater the benefit for this land. Amid these adverse economic conditions, some young people dared and succeeded in the farming sector, and they need to stand as the model for us all. We are already implementing a framework of specific activities as solutions to confront the acute problem of unemployment, and to help steer individuals, especially younger people, to this major “pool of hands” that is farming. Besides the program for young farmers that I have already mentioned, we are also putting into effect significant actions for young educated persons. To reduce the brain drain of worthy scientific persons to foreign lands, we are proceeding, in 2014, with the hiring of 100 researchers to work in the fields of applied research and innovation in the agricultural-nutritional domain. The program will also include hiring a further 150 post-graduate scientists. Through the new Common Agricultural Policy, we will be able to support, over the next seven-year period, incomes and investments in farming, agricultural research and innovation, as well as functioning and collaborations in the products and supply chain. Collaboration, research, and innovation in the agricultural-nutritional domain, then, serve as significant tools in our effort to establish farming as a springboard of growth for our land. These aspects promise to play a crucial role in the formation of a policy that will lead us to roads of sustainable growth, while also contributing to the creation of new jobs. The efforts we are making will be continued so that we can shape an entrepreneurial environment that will encourage the development of production that offers quality while also being competitive. This is especially important in matters concerning quality, standardization, and packaging. Our objective is to offer firm support to the export activities for quality agricultural products, thereby contributing to the shaping of a distinctive and alluring brand name in international markets. Our challenge is to succeed, and I believe we will manage. In conclusion, I would like to congratulate you for the staging of this event and wish you good luck.”

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President of the Exporters Association of Northern Greece (SEVE)

Dimitris Lakasas

The country needs to utilize sources in an appropriate and organized way

Innovation and creativity are needed if Greek enterprises are to survive amid an extremely competitive international business environment

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Economic data shows that the Greek economy finds itself very close to a point of stability. The ongoing six-year recession appears to be gradually reaching its end. The primary surplus in 2013 exceeded 1 billion euro. We avoided bankruptcy, and it is now time to move on from the economy of recession to an economy of recovery. Export orientation is our only option along this road towards economic growth. The national economic model needs to become more export oriented. The objective is to turn to a new type of entrepreneurship that is more export oriented, with equivalent support from the field of investments, in order to achieve constantly robust and sustainable trade figures. Greece needs to emerge as a small yet considerable competitive power in the international market, with a clear vision and strategy on foreign trade. If the Greek economy is to find sure footing again, about 20% to 25% of the countryâ&#x20AC;&#x2122;s annual GDP figure will need to be transferred to new export activities. In a Greece driven by export-oriented production, the national objective of total exports as a proportion of GDP will need to reach 50% by the year 2020, in other words the European average. The road that needs to be covered is long, but I firmly believe that we possess the ability to make it, as long as we work in unison towards a common goal. Furthermore, besides increasing the level of export orientation, we will have succeeded in reducing the unemployment rate to a socially tolerable rate of no more than 12%, from todayâ&#x20AC;&#x2122;s 28%, by 2020. In other words, the objective to converge with the European Union by 2020 is double-fronted, and concerns exports and employment. Innovation and creativity are needed if Greek enterprises are to survive amid an extremely competitive international business environment. There is no other alternative than to integrate research, technology, and innovation into the pro-

duction process, as a factor of growth and competitiveness, if we are to succeed as a knowledge-based society. In my opinion, the ability to apply innovation to practice is fundamental to entrepreneurship. If an innovative idea is not actualized by a business community, then it has no practical value. The problem is that, in our country, we produce high-level research, which, however, does not make it to the marketplace. We need to focus precisely on this if we want to create work of high standards and economic stability. The country needs to utilize sources in an appropriate and organized way with a direction towards applied research that is market driven, so that innovation may acquire true dimension.

DIAMONDS OF THE GREEK ECONOMY 2014

President of the Federation of Greek Mariculture

Dimitrios Valachis

Aquaculture, a mechanism of growth and economic prosperity for the nation

Aquaculture stands as one of the most significant sectors in Greek food production, as, following a 30-year presence, the sector has proven to be of multi-dimensional importance, at economic, social, and environmental levels. The sector has received recognition for its economic and social contribution. Production amounts to approximately 120,000 tons worth 600 million euro, annually. On a national level, this represents about 0.8% of GDP. Aquaculture stands as an economic pillar of the economy in coastal areas and islands throughout Greece, as it has created nearly 15,000 jobs in regions where few other employment alternatives exist. Also, the sector plays a major role in the country’s balance of trade performance, as 77% of production is exported. Aquaculture sector fish are the country’s leading food export product, representing roughly 25% of Greece’s total food exports. Moreover, it is worth noting that the sector’s entire production, or perpetual supply of fresh food of high nutritional value, takes place at overland and floating facilities, which, combined, cover a total space that is smaller than the Athens international airport. In other words, our sector demands minimal natural resources with regards to water, space, and energy needs, which are the three basic natural resources confined to limitation. Also, compared to other food production sectors, aquaculture is one of the most sustainable industries. At this point, I would like to underline that Greece’s fish farming sector has proven to be an innovative field that rose to prominence and received recognition based on the entrepreneurship of Greek producers who capitalized on every opportunity. We have now reached a level of providing half of the world’s entire production of bream and bass fish, through individual, company-driven growth initiatives. There was no collective plan in the sector, nor was there a national growth strategy. And this stands as our biggest challenge which we

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need to confront, because the international environment has become extremely competitive, imported fish farming products from other countries have flooded the market, and Greek products are being swept aside by other lower-priced options. It is a fact that, although consumption of aquaculture products, at global and European levels, is growing year after year, Greek market shares are shrinking. The greatest challenge still stands before us. According to the international Food and Agriculture Organization, the seafood shortage in 2030 is forecast to stand at 29 million tons. This shortage cannot be covered through fishing, but through an increase in aquaculture production. Subsequently, the questions that arise are: a) How much of this shortage can be covered by Greece’s aquaculture sector? b) To what degree would this benefit the Greek economy? c) What is required to achieve this objective? In 2012, we studied, along with the European Platform for research and innovation, a growth scenario for aquaculture. According to the forecasts made here, European production of Mediterranean fish types, such as bream and bass, is expected to grow at no less than 4% per year until 2030, when it will have reached 600,000 tons, annually. Put into local context, this means morethan-doubling of production at a level of 270,000 tons. Having learnt a lesson from insufficiencies of the past, the sector now needs a national strategy that will utilize all available sources and knowhow so that this prospect of growth may be realized. Specifically, four fundamental problems need to be addressed if this prospect is to be achieved: Firstly, administrative procedures governing the sector need to be simplified for the creation of an institutional framework that would assist existing enterprises, while, at the same time, not act as a deterrent for the attraction of new investments. Secondly, the zone-planning design needs to

be completed in order to enable the clarification of possible locations for new production units. Thirdly, competitiveness in the sector needs to be bolstered, with emphasis on two fronts. A national promotion strategy of products in existing and new markets is needed. So, too, is research and innovation that would lead to a reduction of production costs and subsequently offer comparative advantages to Greek production, making it more competitive. A fourth and very crucial challenge that we need to confront is the establishment of fair trading regulations between European and imported aquaculture products. In other words, the same production and trading conditions need to apply to both European and imported products. In conclusion, I would like to stress that no vision can become reality without the participation of robust enterprises. Today, the sector has been put to the test amid the wider cash flow shortage created by the economic crisis, as well as a result of past insufficiencies. As a result, the effort to revamp the sector needs to be completed swiftly, which could lead to the creation of robust enterprises capable of making the most of what has turned into a national growth strategy. At this point, allow me to stress that Greece, thanks to the efforts and sacrifices of Greek producers over the past 30 years, holds a leading place in the knowhow behind production of Mediterranean fish species. This situation stands as a significant comparative advantage that must not go astray, under no circumstances. When it comes to Mediterranean fish types, Greece can stand as an equivalent of Norway and its salmon production. Besides the fundamental objective, this being Greece’s maintenance as the biggest productive force of Mediterranean fish types, Greek fish farming enterprises need to aim for widespread export orientation, backed by sturdy production of these specialized fish types.

DIAMONDS OF THE GREEK ECONOMY 2014

President of Aluminum Association

Eleftherios Tafroglou Greece’s aluminium processing sector

The aluminium processing sector in Greece began developing significantly in the 70s. Greece’s considerable amount of bauxite reserves, located primarily in the mainland, was a significant factor towards this growth. In terms of bauxite reserves, Greece is ranked 8th in the world and first in the European Union. Specialized processing of bauxite produces aluminum oxide, or alumina as it is commonly known, while further processing, involving mostly electrolysis, produces raw aluminium. As a result of its important properties, aluminium is a metal with a wide range of applications for daily use. Its resistance against corrosion, simple processing, lowcost maintenance, and light weight compared to other metals, make it a particularly useful material. Its recyclable nature, leading to energy savings and reduced emissions, stands as another factor that has played an important role in making aluminium a widely popular material. Recent studies have shown that aluminium products are recycled at a rate exceeding 90 percent. The Greek Aluminium Association, operating within the European Aluminium Association’s framework, plays an active role in Bauxite development planning, the objective being economic growth and respect for the environment. Aluminium’s life cycle stands as its strength. A main environmental objective of the aluminium sector is continual improvement for: • Effective use of raw materials • Emission reductions • Maximization of aluminium’s use • Reduction of production waste Furthermore, through its recycling programs, the Greek Aluminium Association has declared its commitment to contribute to the promotion of recycling as a protective measure for the environment and benefit of the national economy.

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Greece’s aluminium end products are characterized for their innovative aesthetics, while the world’s most advanced technologies are used in production. The Greek Aluminium Association has prepared a plan of initiatives to inform of the role of aluminium in daily life, as well as its sustainable growth and prosperity for the country, through high-quality products, primarily for the automobile industry. Major European car manufacturers such as B.M.W. use Greek aluminium products. For the aforementioned reasons, and amid the framework of sustainable growth, the Greek Aluminium Association, acting as a sector representative, has begun taking specific initiatives to inform and promote the idea of energy savings and energy utilization in buildings through the replacement of old fittings and the development of bio-climatic buildings. These initiatives include: • Informing Greece consumers of the advantages provided by energy savings through simple maintenance measures, or replacement of fittings. Aluminium insulation fittings reduce heat loss by as much as 35 percent and, parallel to this, preserve all the advantages provided by aluminium that have established the material as a local market leader in the fittings sector with a market share of approximately 75 percent. If previous-generation fittings are replaced, then this would lead to enormous annual energy savings. The building sector stood as one of our national economy’s most dynamic sectors with significant contribution to GDP and employment. It is the sector that has been affected most by the crisis. The following initiatives have been taken: • Proposals to the state, as part of the “home energy savings” program that would lead to the reduction of energy consumption through continual intervention and improvements to the program. • Besides the “home energy savings” program, aluminium was used in large amounts for the development of photovoltaic parks. Large quantities of aluminium were used for this sector in more recent years, especially 2012. Unfortunately, the sector has now reached a level of market saturation,

meaning that yet another source of production has been eclipsed. • Further development and promotion of existing innovative alumunium insulation systems for energy improvement of buildings. • State and local government support for energy policies. • Continual collaboration with educational institutions, sector agencies (TEE, Technical Chamber of Greece), environmental associations, and specialized centres (KAPE, Centre for Renewable Energy Sources and Saving) for providing information to technicians and engineers for proper installation of insulation and bio-climatic applications of alumunium in the construction sector. Taking all the aforementioned into account, one may conclude that the state needs to consider aluminium as a material of strategic importance for the country and economic growth. Following the collapse of building activity in recent years, exports have served as the only form of activity aimed at compensating for part of the loss in the aluminium sector, which, in recent years, has stood at the lowest level since 2007. The Greek aluminium industry has managed to maintain a continual presence with regard to exports, especially within the EU. Genreally, however, exports need to be doubled, to reach a level of between 20 and 25 percent of GDP. The smaller the size of an economy, the more natural it is to engage in activities that offer comparative advantages and, beyond that, import whatever is necessary. Countries with small domestic markets are not able to produce all that is needed. Greek aluminium products, then, provide an answer to this challenge as they offer quality that is on par with European standards. They could acquire a comparative advantage should certain cost factors, such as energy cost, help towards achieving this. In more recent times, the Greek state seems to be becoming more sensitive towards this issue, and has begun research. So too has the European Union, through continual research and studies for a better energy policy. Greek sector firms are ready for further investments as long as there is a more competitive pricing policy for energy.

DIAMONDS OF THE GREEK ECONOMY 2014

President of the Greek Association of Industries and Processors of Olive Oil (SEVITEL)

Gregory Antoniadis

SEVITEL is the only one engaged in coordinated efforts to market the product beyond the borders.

Over recent years, as a result of the drive to increase branded olive oil exports, foreign sales have risen by 40%.

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Greek olive oil holds two important distinctions worldwide: the 1st place in terms of extra virgin olive oil production, which is the top quality category and the 2nd place – after Spain – in terms of the total quantity of olive oil produced, although it is sometimes behind Italy, given the cyclical nature of olive oil production. Despite Greek olive oil being the world’s No. 1 when it comes to quality, Greek consumers don’t always appreciate the superior quality of Greek extra virgin olive oil. That’s because a quite large proportion of Greeks continue to ‘put their trust’ in bulk olive oil, even though they are the first to admit that they know nothing about the quality of the olive oil they procure from acquaintances, strangers, friends or relatives. Olive oil is a very delicate product and a series of physical and chemical tests need to be carried out to check its quality. Only well-organised processors and packagers carry out these tests. That’s how they can guarantee the quality standards for the top category of ‘extra virgin olive oil’ and other categories of olive oil that are available at relevant prices. Since 2002 we have had an EU Regulation in force which bans direct sales of unbranded / bulk olive oil to consumers in containers over 5 litres in size. Unfortunately, there are inadequate controls in the Greek market about how this Regulation is being applied. Consequently, processed olive oil in Greece faces unlawful competition and defamation from a worse quality product. The findings of two major surveys conducted by our Association – SEVITEL – about the quality of bulk olive oil, carried out in partnership with the Aristotle University of Thessaloniki and the Consumers Institute (INKA), revealed that 7 of the 10 samples of bulk olive oil in the Greek market are not fit for consumption, had been adulterated or had become oxidised. Therefore, one of the key issues our sector faces is this trading of bulk products

without any quality or financial control. Another equally serious issue is the sector’s export performance and the endeavours being made by processing firms in what is an intensely competitive international environment, though the sector is constantly improving. Progress here has been contributed to by info, marketing and advertising campaigns run by SEVITEL, and co-financed by the European Commission and Greece’s Ministry of Rural Development & Food. It’s interesting to note that one in three bottles of processed olive oil produced in Greece finds its way onto foreign markets such as those of the USA, Canada, Australia, Germany, Belgium, England or the Scandinavian countries, to name a few. Over recent years, as a result of the drive to increase branded olive oil exports, foreign sales have risen by 40%, which confirms that our strategy of providing real support for the product via targeted, comprehensive schemes is the right one. Exports are the main way in which the sector will grow, given the small size of the Greek market and the problems faced due to the unchecked, illegal sale of bulk olive oil. Among all similar European bodies, SEVITEL is the only one engaged in such coordinated efforts to market the product beyond the borders of the country of production. Thankfully these efforts have generated major results. The Greek Association of Industries and Processors of Olive Oil’s objective is to develop info and marketing campaigns outside of those markets where the Association has hitherto been active (the USA, Canada, Australia, Norway, the UK, Germany, Sweden, Bulgaria, Cyprus and Greece) in new developing markets such as China, Russia and Brazil. Penetrating those new markets is a core element of our strategy. By adopting suitable measures, we aim to ensure that olive oil becomes a key aspect of gastronomy in those countries.

DIAMONDS OF THE GREEK ECONOMY 2014

President of Hellenic Copper Development Institute

Nikos Vergopoulos

Creativity, flexibility and adaptability of Greek professionals showcased

The unique ability of copper to be indefinitely recycled establish it as the “one of a kind” metal

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Hellenic Copper Development Institute (H.C.D.I.) along with the copper industry, have played a positive role with their long presence in the financial and business affairs of Greece. The Greek venture capital, embraces the dynamic and reputable businesses, promoting organizational change and innovative methods in modern Greek entrepreneurship. Key features of the new business philosophy, as highlighted through the coordinates of the crisis, contribute greatly to the gradual evolution of a new development model, based on productivity, extroversion, innovative entrepreneurship, creating value by investing in human resources and respect to decent work. In such a high pressure environment the H.C.D.I. has much to accomplish and offer. The H.C.D.I., a nonprofit organization funded by the International Copper Association (I.C.A.) and a member of the European Copper Institute (E.C.I.), in this tough period for Greece, showcases the creativity, flexibility and adaptability of Greek professionals - attributes which always had a positive effect, during the difficult times that our country has encountered so far. Through our activities, which are mainly related to the construction sector, as well as the professionals of health, education, art and culture sectors - our aim is to upgrade their professional skills, providing further knowledge and innovations for copper applications and its products. The solution at the impasse our country is facing, will be found, by putting in our top priority the offer of proper and professional work in our respective productive sector. The H.C.D.I., along with the copper industry, stands by the professionals, supporting them with innovative products, designed to meet the current needs of modern society and simultaneously utilizing their skills, giving them the opportunity to excel professionally. The antimicrobial properties, the conductivity, the durability, the ductibility, the ease of installation and join, the security, the recycling, along with its aesthetic appearance, its colors’ variety and its sustain-

ability, are all properties which cover the current requirements of a modern society. The current configuration in the area of energy efficiency, along with the modern forms of energy, are also areas where copper innovates, by offering new products that can be used appropriately and meet the current requirements, while highlighting the professional competence of the installer. With the higher electrical and thermal conductivity, copper is the metal which reduces electricity and simultaneously increases the efficiency of an installation. Recycling products at the end of their lives, contribute to sustainable development. The unique ability of copper to be indefinitely recycled establish it as the “one of a kind” metal. In the field of hygiene, apart from their benefits to the public health, copper antimicrobial properties offer a new dimension to the traditional area of construction with its applications, providing the opportunity for young professionals to engage in new areas with great potential. All these uses and properties of copper, make it a unique ally for achieving high professional levels in projects, acknowledging the professional’s value. Defeatism should be left behind, and we should strongly believe that we can overcome this difficult period, given that the change we expect is not going to come “out of the blue”. Professionalism and hard work are the principles which will contribute to the exit from the crisis. The current era requires a shift from negative attitudes and habits, which led us among other factors to the crisis. The global challenges we face, can signal the new era, where extroversion can function as an opportunity during the crisis. The H.C.D.I., with a clear vision of the changing society, believes in the so-called Greek genius and this year aims to support all copper professionals, with all its resources available, encouraging them to take the extra mile and contribute towards the much anticipated development of the country.

DIAMONDS OF THE GREEK ECONOMY 2014

President of Hellenic American Chamber

Simos Anastasopoulos

Signs of imminent economic recovery are emerging

AMCHAM is not just a bilateral commercial chamber but also an organization that has the vision, the ability and the will to assist in transforming the country

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Signs of an upcoming recovery are beginning to appear in the Greek economic horizon and with them hope and expectations are rising. There is no doubt however that 2014 is going to be another difficult year for the country. The fiscal results of the last year show a primary surplus, for the first time in six years of recession, but income revenues are lagging, affecting public spending and payment of government debts. Taxation is an increasing burden for society and business, while the continuing public sector structural reform will induce further job cuts. Reform is necessary though in order for Greece to regain its credibility and competitiveness and in turn attract foreign investment. The messages from our contacts in US and the second Investment Forum in New York are highly optimistic; there is strong interest among American funds and companies to invest in Greece and a stable and healthy political and economic environment will allow this interest to materialize. There lies the challenge for 2014, a challenge for the government, the political parties, entrepreneurs and the society. Together we need to advance dialogue and understanding and succeed in progressing with the necessary structural reforms while retaining political stability and social peace. A lot has been achieved, but if we want to continue on our recovery path without Memoranda and induced obligations what we have achieved is not enough; the public sector structural reforms implemented so far are not enough for a self sustaining economy. For these reasons, and further to the established and effective chamber activity that we continue with dedication, the American Hellenic Chamber of Commerce is actively supporting the reform efforts of the government. AMCHAM is not just a bilateral commercial

chamber but also an organization that has the vision, the ability and the will to assist in transforming the country, to open the agenda on the issues that hinder development and introduce policy recommendations that will promote effective change and will raise the credibility of the country. The Institute of Economic Policy and Public Governance that we formed in July, along with all of our committees, will serve as our vehicle to lead the effort for transformation, assist in the implementation of structural reform and play a more significant role in the development of an economic environment friendlier for business and definitely more attractive for investment. We embrace the Diamonds of the Greek Economy because as a business community we need to promote healthy and successful entrepreneurship and to lead by example; we need to advance healthy entrepreneurship as the only means for sustainable growth and job creation opportunities. This message is a call to all of us to support the effort to transform Greece and the business environment. We can achieve this by our stance and dedication to bring ethos and values in doing business and by elevating each and every entrepreneur to a leading business model example.

DIAMONDS OF THE GREEK ECONOMY 2014

President of Export Credit Insurance Organization

Themistoklis Kalpaktsoglou

Greek exporters need to feel confident about insurance policies regarding export credit

Firstly, I would like to salute this event, an institution, Statbank’s Diamonds of the Greek Economy, congratulate you on the creative work you have being doing over the past 20 years, and wish you strength and ability to keep pursuing this effort for many more years to come. In recent times, we have heard plenty of significant proposals and analyses on the methods of penetrating markets characterized by different culture, preferences, and way of life, as well as about the political leadership’s efforts and decisions regarding the export-oriented growth of our country, a country that has nothing to envy. On the contrary, we are envied by others for our history, civilization, natural wealth, sun and beaches, our products, which are unique, our capabilities as human beings, as well as our decency and effectiveness in attaining objectives. Combining the aforementioned factors in an appropriate and organized fashion, simplifying procedures and determining priorities, while also informing and educating exporters, is a task for the various export associations, as well as the Export Promotion Agency (OPE), and I can state that exceptional work is being done in this department. This is also confirmed by market data, as we managed to increase exports by 57% between 2009 and 2013, to represent 15.2% of the country’s GDP figure. It is particularly important in the era of globalized markets and efforts to survive as enterprises and as an economy, to make coordinated moves, and operate amid a stable economic environment. Besides the particular problems of recent years, the Greek economy is characterized as “small” in size and “susceptible” to external threats. Increased export orientation, then, including incoming tourism and shipping, stands as a significant growth factor. The global financial crisis has exposed

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weaknesses in enterprises that, until now, seemed robust, not just in Greece, but abroad as well. Consequently, clients whose business conduct was excellent until recently, currently find themselves in situations of not being able to meet obligations, which is affecting the financial state of Greek exporting companies, and in turn, is disabling them from covering their obligations. And this is the point where I need to also make reference to the Export Credit Insurance Organization (OAEP). OAEP is a non-profit private entity that is monitored by the Ministry of Development and Competitiveness and administered by a nine-member council. It does not burden the state budget. It functions based on private-sector financial criteria, amid a competitive environment, as other privately-run firms - both foreign-based and Greek - guaranteeing credit, also operate in our country. This means that intense competition exists, and Greek exporters need to feel confident about fast, effective and advantageous insurance policies with regard to export credit. At this point, I need to stress that OAEP’s objective is to help Greek exporters in every possible way. Both in terms or organization and correct procedures, by providing information on the credit worthiness of clients abroad, which, to a certain degree, ensures exports; as well as financially, through payment of low-cost insurance fees, so as to avoid transferring added cost to consumers, which, in turn, makes export products less competitive. It is of crucial importance to be able to finance Greek exporters through the following two methods: By handing the insurance contract to one’s associated bank as a means of ensuring financing. Through direct financing from virtually all banks with which we have already signed agreements as part of the “Export Orientation” program, as long as the product that stands to be exported has been insured by OAEP. Financing through this program amounts to one million euro, offers 80% coverage of insured invoices, and works as a recyclable limit, which means that, depending on the time of the credit offering, an exporter may

make returns three to four times a year. With financing through this program, OAEP guarantees deposits of equivalent amounts at all banks, therefore offering a solution to the cash flow problem that exists in the banking sector. All procedures are simple and swift, and all the required steps are detailed on the organization’s website. I need to mention that organizations similar to OAEP exist in most parts of the world, both in private and public sectors. We all meet twice a year in various countries and exchange opinions and experiences, so as to make exporting from all countries simpler and more effective, without superfluous procedures, and in the safest possible way. To achieve this objective, we have also been engaged in long-running collaborations with economic and commercial affairs agencies (OEY), from which we obtain useful information. We are also working with a new export-orientation agency, aligning our efforts with the course being pursued by the Ministry of Development and Competitiveness, in an effort to offer services that provide complete solutions to export companies. Finally, I must mention that, at OAEP, we do not distinguish between small and big clients. We insure our clients from their very first export deal, and from the very first euro, against commercial and political dangers. Also, besides short-term credit we also insure mid-to-long term technical projects, services, and investments made abroad. In other words, OAEP serves as a protective shield for exporters, offers incentives for safe exporting, while also contributing to the creation of liquidity, acutely missing from today’s marketplace. Having made a brief presentation of the services offered by OAEP - insuring and providing credit to Greek exporters - I believe that we are contributing substantially to the development of our nation’s export orientation, while also simplifying procedures for safe ways towards further penetration of foreign markets. By providing exporters with both insurance and credit, OAEP is offering the export industry precious support in the overall drive for the country’s economic growth through export orientation.

DIAMONDS OF THE GREEK ECONOMY 2014

President Of Greek-Italian Chamber

Ioannis Tsamichas

Innovation the main strategic objective of Greek enterprises

Research, technology, and innovation comprise the three-pronged strategy that may contribute decisively to a rise in export orientation Greece and Italy are two countries that share numerous common elements at economic, cultural and social levels. In a list of 100 export destinations, Italy ranks first among European Union members and second globally, as a recipient of Greek products, worth 2.27 billion euro annually, at last count. To be more specific, almost 10 percent of Greek exports head to the Italian market. Over the past three years, the achievements of Greek firms in the international trading arena showed that the primary sector is establishing itself as an increasingly fundamental pillar of support for the

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country. Provincial Greece, the primary sector, as well as the secondary sector concerning processing of agricultural products, combined with the tertiary sector of tourism, have begun playing a crucial role in the new growth model that our country needs to adopt if it is to be led to a sustainable and consistent growth course. Innovation is the key word and needs to be set as the main strategic objective for all Greek enterprises, especially those active in the primary sector. Greek land, a precious product, may serve as the basis for an acceleration of economic activity and entrepreneurial opportunities in energy, tourism, culture, and naturally, the food industry. Quality agricultural production is an unswerving prerequisite for success in this domain. Consumers seek quality and safety – especially the latter - in the products they purchase. This is particularly so when buying agricultural products. For consumers, the identity of agricultural products boils down to quality and safety. Proper documentation of local Greek products stands as a further requirement for strong product identity. The example set by Italy in this domain is characteristic. The Italian Agricultural Development Ministry, in collaboration with local governments, has documented the local produce of all prefectures for the creation of a highly detailed list of primary sector products, as well as the secondary sector of processed agricultural products. At this point, the list amounts to 4,698 traditional Italian agricultural-culinary products. Agricultural-culinary lists gain repute when they meet conditions and prerequisites to feature items classified as protected designation of origin (PDO) products, geographic indication (GI) products, traditional products, or organic farming products.

PDO feta cheese, which generates annual revenue of one billion euro, serves as an example. We need more successful products such as feta, which act as forerunners of Greek agricultural-culinary production in foreign markets. Another basic requirement here is product standardization. No matter how good an agricultural-culinary product is in terms of quality, it will fail to become familiar to consumers, and therefore a product of choice, if the aspect of standardization is not intact. Furthermore, processing of agricultural products creates additional profits for producers, while also creating new jobs, both directly and indirectly. The Greek economy possesses many comparative advantages when compared to many other countries. The country’s geographical position, mining wealth, well-trained human resources, developing infrastructure network, tradition in commerce, outward-looking nature of many Greeks, combined with the Greek Diaspora, all contribute to this land’s comparative advantages. Utilization of our comparative advantages as a means of strengthening growth activity demands shaping and effectively implementing a specific strategy, especially a national strategy with regards to exports – in other words, thorough and focused revisions and appropriate economic policy. It is becoming clear, then, that if a national economy is to play an active role on an international level, it needs, on the one hand, to produce new ideas, innovative products, and modern methods, and on the other hand, to transform these sources into real added value and wealth. Research, technology, and innovation comprise the three-pronged strategy that may contribute decisively to a rise in export orientation, as long as an export-oriented direction is intact and has been adjusted to the global market’s needs.

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DIAMONDS OF THE GREEK ECONOMY 2014

DIAMONDS

DIAMONDS OF THE GREEK ECONOMY 2014

OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES

39,796,930

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DIAMONDS OF THE GREEK ECONOMY 2014

PETROLEUM PRODUCTS Industrial

Leading role in regions energy developments

39,796,930 Ioannis Kostopoulos

Turnover 9.900.533.000

PROFIT BEFORE TAXES 133.464.000

Hellenic Petroleum SA is a dynamic corporate group with solid foundations that plays a leading role in energy developments in Greece, as well as the wider southeastern Europe region. The firm’s gradual development from petroleum to energy powerhouse was spurred and accompanied by international activities, expansions, and partnerships, as well as a development program that featured profitable investments in new sectors. The corporate group’s activities include refining, trading, retail trade of petroleum products, petrochemicals, chemicals, electrical energy and natural gas. Besides sales from its refineries to trading firms, the Hellenic Petroleum group is also engaged in the retail trade of petroleum products, both in Greece and abroad, through subsidiary firms. In Greece, the firm’s retail trade is conducted through two subsidiaries, EKO SA and HELLENIC FUELS SA. Abroad, the group is active as a retailer of petroleum products in Cyprus, the Former Yugoslav Republic of Macedonia (Fyrom), Bulgaria, Serbia, and Montenegro. The firm’s petrochemical activities are mainly focused on further processing of refinery products, such as propylene, polypropylene, and solvents, as well as their trade in the domestic market and selected Mediterranean markets. The Hellenic Petroleum group’s activity in the electrical and natural gas fields is conducted through its respective stakes in ELPEDISON BV (50% HELLENIC PETROLEUM and 50% EDISON) and DEPA SA (35% HELLENIC PETROLEUM SA and 65% Greek state). These two firms, according to unconsolidated financial results for 2012, contributed 36.3 million euro to the corporate group’s earnings, down by 47% compared to 2011. As for the group’s involvement in renewable energy sources, it formed HELLENIC PETROLEUM RENEWABLE ENERGY SOURCES SA in 2006 as a subsidiary firm that is entirely controlled by the parent company. This subsidiary firm’s objective is to produce, distribute and sell energy products generated by renewable energy sources, as well as to offer research services, sell sector-related equipment, construct and install renewable energy sources, including photovoltaic and biomass systems. HELLENIC PETROLEUM is also active in pipeline networks and sea transportation. The group is a participant in ongoing cross-border natural gas pipeline infrastructure development projects in southeast Europe. The company’s sea transportation requirements are facilitated by two company-owned tankers, “Melina” a natural-gas tanker that transports propylene and LPG, and ”Irini”, a vessel used to transport products such as VGO. In 2013, the group posted a reduced total turnover figure and an increase in pretax profit. Total turnover fell to 8,946,258,000 euro in 2013 from 9,900,553,000 euro in 2012. On the contrary, pretax profit rose to 359,541,000 euro in 2013 from 133,464,000 euro in 2012. HELLENIC PETROLEUM SA

Contact Details Chimarras 8A, 151 25-Marousi Τel: 210 63 02 000 Fax: 210 63 02 510, 210 63 02 511 http://www.hellenic-petroleum.gr

TURNOVER (in euro)

2011

2012

CHANGE %

8.592.359.000

9.900.533.000

15,22

PROFIT BEFORE TAXIS (in euro)

156.792.000

133.464.000

-14,88

GROSS PROFIT (in euro)

368.952.000

294.316.000

-20,23

OWN EQUITY (in euro)

1.916.825.000

1.907.222.000

-0,50

LIABILITIES (in euro)

3.664.572.000

3.947.979.000

7,73

DEBT BURDEN

65,66

67,43

2,70

EQUITY YIELD

8,18

7,00

-14,45

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

SUPER MARKETS Commercial

Leonidas Vrettakos

Turnover 1.621.913.000

PROFIT BEFORE TAXΕS 44.261.000

Dominance based on quality, variety, service AB VASSILOPOULOS SA, a firm active in food retailing, ranks as one of Greece’s biggest enterprises. The firm developed from operating a chain in Athens to an enterprise with a nationwide presence within a few years. The company’s roots date back to 1939 when Gerasimos Vassilopoulos purchased a food delicatessen in downtown Athens, on Voulis St, which served as a platform for the chain’s future expansion. AB VASSILOPOULOS SA was established in 1969 by the Vassilopoulos brothers, with Gerasimos Vassilopoulos as the firm’s majority shareholder. In 1970, the firm opened its first store under the aforementioned company name in Psychiko, northern Athens, which, at the time, was regarded as being the most modern and pioneering outlet in the entire Balkan region. This move was fundamental in the firm’s prospective development as Greece’s most pioneering supermarket chain. Setting itself the objectives of customer satisfaction with respect to quality, variety and service, the firm experienced rapid growth with the opening of new stores. In 1990, it was listed on the Athens stock exchange, and that same year, inaugurated its Mega store in seaside Elliniko, southern Athens, which won an International Retail Trade Organization award in 1991 as Europe’s best and most complete supermarket. In 1992, Gerasimos Vassilopoulos, foreseeing international trends, transferred the majority of company shares to the multinational group Delhaize- Le Lion, thereby ensuring the firm’s further expansion and future, as was proven in the ensuing years. In May, 2012, a merger between TROFO, the wholesale chain ENA FOOD Cash & Carry, and AB VASSILOPOULOS SA was approved with the latter absorbing the former. At present, AB VASSILOPOULOS SA maintains approximately 281 stores throughout Greece. The firm’s ongoing network expansion policy has led to the continual emergence of new outlets at a rapid rate. Employing 10.958 associates AB VASSILOPOULOS SA stands as one of Greece’s most significant employers. At the end of 2012, 65.2% of the company’s work force consisted of women. Full-time staff represents 44.71% of the firm’s total work force, while the remainder is employed on a parttime basis. AB VASSILOPOULOS SA’s financial results for 2012 showed a marginal total revenue drop of 4.5% compared to 2011, while profits increased. More specifically, in 2012, total turnover reached 1,697,062,006 euro compared to 1,625,196,126 in 2011. Pretax profits in 2012 amounted to 58,950,955 euro, up from 55,681,320 in 2011. It is worth noting that, besides Greece, the Belgian group Delhaize is also making investments in other Balkan countries, under Greek management. In Serbia, 360 stores are maintained under the company name Maxi. In Romania, the firm operates 193 stores under the name MEGA IMAGE, of which 89 were launched in 2012. in Cyprus, a large number of AB VASSILOPOULOS SA generic products are marketed through the Alpha-Mega chain, owned by Mr. Papaellinas. The Belgian group Delhaize was also active in Greek neighbor Albania in 2012 with 23 outlets operating under the company name Euromax, before the firm decided to withdraw from the Albanian market, a procedure that was completed in February, 2013, with the sale of the Euromax chain. ALFA BETA VASSILOPOULOS SA

Contact Details 81 Spaton Avenue, GR 153 44 Gerakas, Attiki Mailing address: P.O. Box 60011, GR 153 10 Agia Paraskevi Tel.: (+) 30 210 66 08 000, Fax: (+) 30 210 66 12 675 Website: www.ab.gr

Diamonds

2011

2012

1.537.544.000

1.621.913.000

5,49

41.020.000

44.261.000

7,90

GROSS PROFIT (in euro)

336.646.000

360.730.000

7,15

OWN EQUITY (in euro)

211.810.000

358.589.000

69,30

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE %

579.505.000

504.023.000

-13,03

DEBT BURDEN

73,23

58,43

-20,21

EQUITY YIELD

19,37

12,34

-36,27

DIAMONDS OF THE GREEK ECONOMY 2014

The Olive Oil is not just a commercial product, it is a national product

AGROVIM SA of Kalamata, Greece, is a modern and efficient company in the Olive Oil and Olives Industry. It is one of the most reliable suppliers of Greek products to major international customers. Superior quality and Protected Designation of Origin (PDO) extra virgin olive oils and table olives, and a rich variety of antipasti make up AGROVIM’s wealthy portfolio of products. Its global award winning brand ILIADA represents Greece in more than 50 countries worldwide. Its innovative ideas in production and marketing offer a brand people can trust and follow either as a customer or as a partner. As a quality assured organization, certified to ISO 9001, ISO 14000, ISO 22000, HACCP and BRC, with an in–factory Quality Assurance department, AGROVIM S.A makes sure production is monitored from day one of production to the final day of shipment. And according to its Vice-President and Managing Director, Mrs. Jenny Gyftea, that is the only recourse for Greek exports is quality. The competition in the olive oil market abroad is fierce. Countries such as Spain and Italy have large volumes of production and keep prices low. Nevertheless, Greece can compete in terms of quality, because of the greater analogy of Extra Virgin Olive Oil to the total production of Olive Oil, compared to Spain and Italy. Most consumers are not aware of that and are influenced by what they find on the shelves. Agrovim’s sales team travels the globe to promote the Greek Olive Oil, strengthen the existing relations between customers, as well as forge new ones. ILIADA, Agrovim’s flagship brand, is present in various premium stores all over the world including the USA, Europe, and Asia. With products of exquisite quality, unique in terms of design and packaging, and with great responsibility and credibility, Agrovim is slowly becoming an ambassador of Greece in international markets. Customers all over the world have built a relationship based on trust with Agrovim. But also, the local farmers have built a unique relationship with the company. Agrovim has close to 400 accredited farmers under a total management control, which it monitors, supervises, advises, and constantly educates. Its network of farmers expands to more than 3000 in total from the regions of Messinia and Lakonia, which the company supports in good and in bad. The Olive Oil is not just a commercial product, it is a national product, it is a national chapter. Agrovim sees it that way and in the midst of the crisis it is responding by investing in equipment and people. When there is a strong storm coming, it is a norm of engineering that if you fall back it will carry you away. You have to resist and withstand sometimes by fighting back. Agrovim is proud to argue that it is doing so. Vasilissis Sofias 95, 11521 Athens, Greece, Tel: +30 2106423614, Fax: +30 2106423349, Email: infoagro@agrovim.gr, Website: http://www.agrovim.gr

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

SUPER MARKETS Commercial

Serving 200.000 customers daily

Gerasimos Sklavenitis

Turnover 1.230.031.000

PROFIT BEFORE TAXES 14.547.000

I. & S. SKLAVENITIS S.A., one of the most successful Greek companies, is the third largest retailer in Greece with 60 years of experience in the retail market. It was founded in 1954 by Spyros Sklavenitis, John Sklavenitis and Miltiadis Papadopoulos, who were initially engaged in wholesaling and the packaging of spices. In 1967, the founders created “TELEXYP”, the first company in Greece that was accepting and delivering phone orders. The success of “TELEXYP” prompted them to create their first retail store in 1969 and to establish their first supermarket in 1971. The company has grown steadily since, following consistently its commercial policy that was based on three pillars: high quality products, friendly service and best prices. Spyros Sklavenitis, the last surviving membe of the original founders, passed away in March 2006. A few months later, his family took over the shares of the rest of the partners and assumed command of the company, which then operated 36 stores. Today, I. & S. SKLAVENITIS S.A., operates 3 hypermarkets and 107 supermarkets with annual turnover in 2013 of 1.2 billion euros. It also runs in house production for ready meals, ice cream and two in-store operations for pastries and bakery. The company is recognized for the highest customer loyalty within the retail sector in Greece. It serves more than 200,000 customers on a daily basis and employs 8,500 people. SKLAVENITIS Ι. & S. SA

2011

2012

1.260.864.000

1.230.031.000

-2,45

19.306.000

14.547.000

-24,65

GROSS PROFIT (in euro)

308.376.000

305.398.000

-0,97

OWN EQUITY (in euro)

124.612.000

133.818.000

7,39

LIABILITIES (in euro)

Contact Details

TURNOVER (in euro)

Kifisou Avenue 80, Peristeri Athens Greece 121 32 Tel: +30 2105794200 Fax: +30 2105757531 Website: http://www.sklavenitis.gr/

PROFIT BEFORE TAXES (in euro)

Diamonds

CHANGE %

640.276.000

613.233.000

-4,22

DEBT BURDEN

83,71

82,09

-1,94

EQUITY YIELD

15,49

10,87

-29,83

DIAMONDS OF THE GREEK ECONOMY 2014

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

SUPER MARKETS Commercial

With 256 stores in total and 5,893 employees

Ioannis Masoutis

Turnover 734.350.000

PROFIT BEFORE TAXES 15.394.000

Diamantis Masoutis SA is a Greek company active in the field of food at the retail business world in Greece The company was launched by its founder, Mr. Diamandis Masoutis, 38 years ago, in 1976, with the eventual chain’s first outlet in the heart of Thessaloniki, along Krystalli st. These days, the company, Diamandis Masoutis SA, is represented by an extensive network of branches in northern Greece, where it holds a dominant retail trade position. On a national level, the firm ranks as one of the country’s four largest chains. Its 251 stores, 232 supermarkets, and 19 Wholesale Cash & Carry outlets cover the Greek regions of Macedonia, Thrace, Thessaly, Epirus, as well as the islands of Lemnos and Mytilini. The company employs more than 6,100 staff members, while, during the peak of the country’s tourism season in the summer of 2013, this figure reached 6,200 employees. The company is entirely Greek-owned, has a family character, and applies a growth strategy that is characterized by consistent and methodical steps forward, always focused on human and consumer interests. Most recently, Diamandis Masoutis SA was awarded the Best Franchise Manager prize at this year’s Franchise Business Awards. At the European Business Awards for 2012-13, the firm received an honorary prize, or Ruban d’Honneur, as one of the ten best companies in its category, while also qualifying for the event’s final. Diamandis Masoutis SA is the only Greek company that managed to qualify in its category for the Infosys Business of the Year Award. Sales at Masoutis SA in 2013 reached 738,9 million euro, while pre-tax profits amounted to a considerably high figure, this being 17.1 milion euro. In 2013, Masoutis SA stores reached 256 in total, employing over 5,893 persons. The chain plans to invest approximately 10 million euro for the establishment of new stores this year. Besides the aforementioned regions, the firm plans to launch two new outlets in Thessaloniki and Koufalia, respectively, both within the first half of 2014. Moreover, the group launched five new outlets, all on the same day, March 21 of this year, three of these in Chalkida, and one in Aliveri, thereby entering regions where it has previously not had a market presence. MASSOUTIS DIAMANTIS SUPERMARKET SA

Contact Details 14th Km. Thessaloniki - Vasilikon, 570 01 Τηλ: 2310 803 803 Fax:2310 803 804 http://www.masoutis.gr

Diamonds

2011 TURNOVER (in euro)

2012

CHANGE %

702.183.000

734.350.000

4,58

16.594.000

15.394.000

-7,23

GROSS PROFIT (in euro)

157.125.000

162.713.000

3,56

OWN EQUITY (in euro)

85.801.000

97.547.000

13,69

LIABILITIES (in euro)

PROFIT BEFORE TAXES (in euro)

436.612.000

430.345.000

-1,44

DEBT BURDEN

83,58

81,52

-2,46

EQUITY YIELD

19,34

15,78

-18,40

DIAMONDS OF THE GREEK ECONOMY 2014

SUPER MARKETS Commercial

Robust Greek firm enjoying steady growth, among the leading companies in its sector

Aristotelis Panteliadis

Turnover 1.230.031.000

PROFIT BEFORE TAXES 14.547.000

METRO S.A. is comprised of two store networks with a total of 104 stores currently in operation; METRO Cash & Carry, a wholesale chain that has 45 stores throughout Greece, and My market, a supermarket chain with 59 stores mainly in and around Attica. METRO has an active and strong presence in the Greek market since 1976. The company was created from a collaboration of eight grocers and remains under full Greek ownership. In 1976, the firm launched its first Cash & Carry outlet on Petrou Ralli Avenue in Athens. In 1977, the firm’s headquarters were transferred to Syggrou Avenue, and two years later, the company’s headcount had reached 100. Also in 1977, the company launched its first METRO supermarket in Korydallos, a suburb of port-city Piraeus. The first outlet beyond the wider Athens region was launched in 1990, on the Greek island of Rhodes. In 1994, the company’s headquarters were expanded, while company staff exceeded 1,000 employees. In 2004, the company’s supermarkets were renamed as My market, and were distinctly differentiated from the Cash & Carry outlets. In 2008, the firm opened a state-of-the-art Logistics centre at Inofyta, with an investment of 35 million euros. The first bioclimatic My market store was opened in 2011 in Kiato. By the end of 2013, METRO S.A. had a total of 103 My market & METRO Cash & Carry stores. The company is currently employing over 4,200 people, while it strives to contribute to the strengthening of the Greek economy as well as of Greek entrepreneurship. It endeavours to support Greek workers, suppliers and producers, consumers and independent professionals. It promotes small-scale production from every corner of Greece. Highlighting this policy, 115 out of the 1,240 company suppliers are small Greek producers, often very small family businesses. The company posted favorable financial results in 2012. Total turnover in 2012 reached 699,422,665 euros, from 681,910,844 euros in 2011. Pretax profit reached 19,251,165 euros and 17,699,824 euros for these respective years. METRO SA 2011

Contact Details 1, Sorou str. 144 51 Metamorfossi Tel.: +30 210 28.93.500 Fax: +30 210 2835030 Website: www.metro.com.gr

TURNOVER (in euro)

2012

CHANGE (%)

681.910.845

699.422.666

2,57

17.699.824

19.251.166

8,76

GROSS PROFIT (in euro)

137.124.680

145.528.389

6,13

OWN EQUITY (in euro)

108.684.737

133.466.941

22,80

LIABILITIES (in euro)

PROFIT BEFORE TAXES (in euro)

196.348.117

188.745.428

-3,87

DEBT BURDEN

64,37

58,58

-9,00

EQUITY YIELD

16,29

14,42

-11,43

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

PETROLEUM PRODUCTS Commercial

Expanding its presence in the shipping fuel sector

Giorgos Spanos

Turnover 699.097.381

PROFIT BEFORE TAXES

The company launched its operations back in 1983. ETEKA was founded with the refueling of all types of ships in all major ports around the country as its main objective. That same year, under the leadership of Michael Spanos, the company redeemed the oil facilities of ELVIN in Perama to become a major player in the market, a well-deserved position. In the mid-nineties, Kostas Spanos, Technical Manager & Member of the Board of Directors, renovated the facilities and reestablished the company’s profile. Today ETEKA, under the leadership of George Spanos, the company’s president, is an important competitor in International Bunkering. It provides heating gas oil to Greek households; it owns 270 gas stations in Greece and a full range of lubricants. In 2013, ETEKA posted a 6% sales increase in the shipping fuels sector, a leading official told www. statbank.gr. ETEKA’s course in bunkering is considered as being particularly successful, as the firm stands as one of the three most significant enterprises of its sector. “We posted a significant sales rise in the bunkering domain in 2013,” the company official noted. “In the same year, our sales in the field of petrol rose while the overall market was declining at a rate of 10%.” The bunkering market, one in which the firm is continuously increasing its market share, is a key market. Highlighting this, the firm’s sales have increased from 33,000 tons of shipping fuel to approximately 40,000 tons per month. This, alone, has established the firm as a leader in the bunking sector. It is worth noting that ETEKA’s debt figure of less than 20 million euro is considerably small considering that the firm’s total turnover in 2013 is expected to reach 750 million euro. This is an impressive feat considering ETEKA’s considerable spending on the purchase of property and ship building facilities in the Perama region, southwest of Athens.

400.900 ETEKA SA

Contact Details Tripoleos 2 18863 Perama Attica Greece Τel: +30 2104002658-60 FAX: +30 2104002607

Diamonds

2011 TURNOVER (in euro)

2012

CHANGE %

727.992.227

699.097.381

-3,97

593.323

400.900

-32,43

GROSS PROFIT (in euro)

19.769.068

17.083.957

-13,58

OWN EQUITY (in euro)

6.351.088

6.573.621

3,50

LIABILITIES (in euro)

PROFIT BEFORE TAXES (in euro)

78.497.533

66.777.247

-14,93

DEBT BURDEN

92,51

91,04

-1,60

EQUITY YIELD

9,34

6,10

-34,72

DIAMONDS OF THE GREEK ECONOMY 2014

METAL PRODUCTS Industrial

Dynamic presence in over 80 countries

Turnover 697.173.332 euro

PROFIT BEFORE TAXES 16.154.169 euro

Elval and its subsidiaries form the aluminium sector of Viohalco. Elval S.A. is listed on the Athens Exchange. Having an active production and business presence since 1971, the Elval Group is actively engaged in the processing, manufacturing and trading of aluminium products, addressing the complex needs of a highly demanding portfolio of multinational clients in various industrial sectors. With state–of–the–art production facilities, nine of these in Greece, one in the United Kingdom and two in Bulgaria, coupled by a dynamic commercial presence in all of its key geographical markets, the Elval Group has established a solid position within the global aluminium sector as highlited by the group’s which exceeded one billion euro revenue in 2013 . The group has a successful international presence in over 80 countries through a solid commercial structure that operates on the basis of both internal sales teams and external commercial agents that are part of Viohalco’s broader commercial network. This network includes active business associates in the United Kingdom and Ireland, Austria, Germany, Belgium, the Netherlands, Luxembourg, Russia, Ukraine, France, Italy, Romania, Bulgaria and Turkey among others. Almost 90% of Elval products are sold outside Greece, with significant sales in highly competitive markets such as Germany and the US, and even substantial sales in India, China and Hong Kong. The aluminium sector’s product portfolio is comprised of a wide range of aluminium solutions from aluminium coils, strips, sheets and foil to lithographic sheets, and aluminium products for food and beverages, construction, shipbuilding, rail and automotive industry. Aluminium profiles for industrial and architectural applications are manufactured by Etem, a key subsidiary of Elval Group, which is listed on the Athens Exchange. One of the key competitive advantages of the group is its technical excellence in delivering innovative solutions to its clients. This attribute has been established following significant investments and a strategic focus on research and development. Significant resources have been allocated, both through the in-house development of R&D mechanisms and through the establishment of active working relationships, with external research institutes and other technologically competent parties. These include the Elkeme Hellenic Research Centre for Metals, UMIST and the Research and Development Department of the United Aluminum Company of Japan (UACJ Corp.). A tangible result of the focus on product research is the development of actual, added value solutions with exceptional attributes that the group’s clientele can incorporate into its manufacturing processes; highly-resistant special products with anti-slippery properties, products subjected to deep drawing and extrusion, tensioned levelled sheets with top-quality lacquer-coatings and products made of 100% recycled aluminium. To maintain a strong commitment to developing its product portfolio, Elval Group implements significant investments in its plants both in Greece and abroad. During the last ten years, the group’s total investment expenditures amounted to euro 463 million. In 2013, the Group’s investments amounted to euro 69 million. The investment momentum continued in 2014, a euro 49,7 million already announced at its Bridgnorth UK subsidiary. ELVAL HELLENIC ALUMINIUM INDUSTRY SA (THE COMPANY) 2011

Contact Details 57th km Athinon-Lamias National Road, 320 11 Oinofita, Viotia Tel.: 22620 53111, Fax: 22620 53686 E-mail: info@elval.vionet.gr Website: www.elval.gr

TURNOVER (in euro)

2012

CHANGE %

687.226.102

697.173.332

1,45

PROFIT BEFORE TAXES (in euro)

20.712.217

16.154.169

-22,01

GROSS PROFIT (in euro)

37.390.913

30.068.799

-19,58

OWN EQUITY (in euro)

499.904.292

516.054.802

3,23

LIABILITIES (in euro)

265.603.480

241.008.039

-9,26

DEBT BURDEN

34,70

31,83

-8,25

EQUITY YIELD

4,14

3,13

-24,45

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

CIGARETTES Industrial

Record - breaking performance at Karelia The firm’s roots date back to 1888 when the Karelia family’s first entrepreneurial generation established a small tobacco enterprise in the provincial city of Kalamata, southern Greece. During the first few decades of operations, the firm’s operations were mostly local. The ensuing arrival of political and social stability allowed Karelia to expand its business activities throughout Greece. From the 1950s onwards, Karelia has marketed a number of particularly popular cigarette brands that secured a wide distribution network and significant market share for the company on a nationwide level.

Andreas Karelias

Turnover 459.057.000

PROFIT BEFORE TAXES 56.951.000

The company’s headquarters and production facility continues to be based in Kalamata. In 1971, the firm relocated to its present facilities, measuring 80,000 square meters. The company’s sales and marketing department operates from the company’s Karelia building in Athens. These days, Karelia SA ranks as Greece’s largest tobacco industry, while also being the country’s largest cigarette exporter. Furthermore, the firm is one of the fastest growing independent tobacco firms in the world. The firm holds a 0.32% market share worldwide and is present in over 70 countries around the world (west and east Europe, North America, Middle East, Africa, and Far East). Highlighting the firm’s export-oriented nature, Karelia owns five subsidiary firms, of which three are based abroad. One of these, the Karelia Tobacco Company, is based in the UK, and distributes in this territory. Meridian SA, a subsidiary firm owned entirely by Karelia which supplies duty free goods to ships, was acquired in 1995. In 2007, the firm’s office in Bulgaria was upgraded into an import company under the company name Karelia Bulgaria EOOD. In 2008, Karelia founded a subsidiary firm in Turkey, Karelia Tutun ve Ticaret A.S. That same year, Karelia acquired the Backwoods cigar brand from Altadis SA for the Greek market. It is worth noting that, despite the ongoing economic crisis in Greece, the firm carried out investments worth 3 million euro in 2013 with the objective of increasing production capacity, improving production flexibility, and increasing its export drive. An additional 1.9 million euro in investments is planned for the first few months of 2014. Management is also seriously considering making revisions to its industrial structure, a move valued at over 6 million euro. In January, 2014, the firm spent 2.5 million euro on additional personnel costs, which includes 35 additional employees. The firm’s financial figures for 2013 were record-breaking. For the first time in the company’s history, cigarette sales exceeded 16 billion units, or 16.8 billion to be exact, cigarettes globally, an 8% year-on-year rise. Sales beyond Greece exceeded 14.6 billion cigarettes, also a new record for the company. In Greece, sales increased by 2% despite the country’s recession and unfavorable tax revisions imposed on tobacco. For yet another year, sales of rolled tobacco rose significantly. They exceeded 340 tons for the Greek market alone, placing the company in third place with a 15% market share. Abroad, rolled KARELIA TOBACCO SA

Contact Details Athinon Street 241 00 Kalamata Tel: +30 2721069213, 69002 Fax: +30 2721069080 Website: www.karelia.gr

Diamonds

2011 TURNOVER (in euro)

2012

CHANGE %

451.724.000

459.057.000

1,62

PROFIT BEFORE TAXES (in euro)

47.469.000

56.951.000

19,98

GROSS PROFIT (in euro)

58.667.000

75.718.000

29,06

OWN EQUITY (in euro)

238.171.000

262.635.000

10,27

LIABILITIES (in euro)

105.225.000

57.403.000

-45,45

DEBT BURDEN

30,64

17,94

-41,47

EQUITY YIELD

19,93

21,68

8,80

DIAMONDS OF THE GREEK ECONOMY 2014

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

MISCELLANEOUS Commercial

Serious business in the fun-loving world of toys

Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES 96.956.097

In 1996, a new toy store named Jumbo emerged in Athens as a venture full of joy, fun and carelessness! Driven by its love for toys and the need for creativity, the venture soon gained the recognition of customers. Today, twenty-six years later, the company stands as the leading preference in the hearts of children and adults alike, thanks to its widespread presence and competitive prices. A vast variety of toys for all ages and tastes – well-known brands and imported – as well as baby care items, stationary, seasonal products, decoration and various home objects for “big kids” are just some of the treasures that may be found at Jumbo outlets. Staying true to its vision, Jumbo has stood by customers with the aim of producing happiness and smiles, especially nowadays, a period when this is needed more than ever before. Jumbo stores have become the biggest toy store chain in Greece. The company, one of Greece’s biggest retailers, is represented by 62 stores, 52 of these in Greece, 4 in Cyprus, 8 in Bulgaria, and 2 in Romania, while it employs approximately 3.600 persons. The company plans to launch four new outlets by June, 2015. Three of these will be located in Romania, as management sees great market potential in this territory, based on the purchasing power of consumers, as well as the country’s population size, which is double that of Greece’s (20 million) and more than double that of Bulgaria’s (7 million). According to sources, these new outlets will be set up at leased buildings, while a plot of land purchased by the company in Romania in 2006 will be used to construct storage facilities. This will be necessary, as the Greek multinational firm’s plans for Romania entail the development of a total of 18 outlets around the country, from two at present. The Jumbo group posted a net profit figure of 58.97 million euro from 56.45 million euro, a 4.4% rise, for the first half of the current fiscal year (July 2013 – June 2014). Sales amounted to 316.74 million euro from 295.39 million during the same period last year, with total turnover rising by 7.23%. As announced by the company, these performance figures were attributed to significant sales rises at the group’s Bulgarian and Cypriot outlets, combined with the maintenance of a profitable performance in Greece, in spite of a subdued Christmas season last December. During the current fiscal year’s second half, the company expects to launch another new outlet in northern Greece, its floor space covering 9,000 square metres. The firm also plans to gradually renovate older outlets, beginning with two stores within the current fiscal year. JUMBO SA

Contact Details 9 Kyprou & Idras Str., 183 46, Moschato, Athens, Greece Τel.: +30 210 48 05 200 Fax: +30 210 48 05 212 Email: jb@jumbo.gr

Diamonds

2011

2012

CHANGE %

TURNOVER (in euro)

461.845.569

454.276.468

-1,64

PROFIT BEFORE TAXES (in euro)

102.066.425

96.956.097

-5,01

GROSS PROFIT (in euro)

226.986.447

223.727.308

-1,44

OWN EQUITY (in euro)

438.531.040

488.229.473

11,33

LIABILITIES (in euro)

262.922.708

255.073.971

-2,99

DEBT BURDEN

37,48

34,32

-8,45

EQUITY YIELD

23,27

19,86

-14,68

About Edil Hellas S.A. • Technical Company established in 1985 and headquartered in Thessaloniki • Privately held with over 150 of staff • Business areas include Telecoms, Gas, General Construction & Energy markets • Offices and Operational centers in Thessaloniki, Athens and Larisa • Certified for Quality Assurance Policy ISO 9001, 14001, ELOT 1801 • Strong financial performance with 6% growth achieved on annual basis during the last 4 years Corporate Philosophy • To offer high quality value added product and services to our customers • To adapt to the new requirements of our customers and to the constant transformation of the market • To develop our core activities with the objective to increase efficiency and quality Telecommunications Sector • Design, Construction and Maintenance of Infrastructures for Fixed & Mobile Networks • Main Contractor of most important Operators and Technology Vendors • Production unit for metallic parts (masts, telecom shelters) GAS Sector • Development of gas distribution networks • A wide spectrum of services offered • New areas include large diameter pipelines, telemetry, SCADA General Construction • Legacy activity, over 27 years of experience • All types of buildings & Civil Works (civil or metal) • In-house Planning & Engineering teams • New areas include Solutions for Data Centers, Design & Construction of Zero Energy Buildings Energy • Cogeneration & Hybrid power Systems • Solutions for energy efficiency management Waste Management • Licensed for Waste Management • Services offered to Municipalities and the Private Sector

DIAMONDS OF THE GREEK ECONOMY 2014

SUPER MARKETS Commercial

Galaxias, a Greek-owned supermarket

Turnover 442.041.199

PROFIT BEFORE TAXES 12.394.532

The GALAXIAS supermarket chain began its course in 1971 when five friends, working as employees in various fields, decided to pool their savings and enter the consumer products sector with their first outlet. The venture’s starting capital, 300,000 drachmas in 1971, was used to form a limited liability company named PENTE, involving a five-member team of shareholders led by the late Vassilis Himonidis (1933-2008). In 1982, the firm converted its legal status from a limited liability to an SA company and proceeded with the development of a supermarket chain. Ten years later, PENTE SA acquired ARGO SA, holding a 99.8% stake, and incorporated the latter’s 13 retail outlets into its supermarket chain. During that same year, the firm launched its first supermarket in provincial Greece, in Orchomenos, Boetia, northwest of Athens. At the end of 2013, the supermarket chain numbered 138 retail outlets, 54 of these located in the wider Athens area, and the rest scattered from Corinth, west of Athens, to Kilkis, northern Greece. Besides operating as retail outlets, thirteen of these outlets also operate as Cash & Carry spots at a wholesale level. Sixty-two of the chains are company-owned, and the rest are leased. The company strives to own all the property it operates from. At a consumer level, the company’s objective is to offer the lowest possible prices. As part of its competitive pricing strategy, the firm offers over 900 private-label products. At present, Pente SA and Argo SA employ a total of 3,500 persons. The company has established an incentive program through which top-performing employees are awarded prizes and trips abroad on an annual basis. Employees of distinction are also offered the opportunity of becoming company shareholders. The majority of company shares are held by employees, who participate at board and shareholder meetings, and are entitled to their respective share of company profits. Despite the country’s recession, the chain posted an increase in turnover and pretax profit in 2012. Total turnover amounted to 442,041,198 euro in 2012 from 432,851,982 euro in 2011. Pretax profit in 2012 was 12,.394,532 euro from 9,155,851 euro in 2011. PENTE SA 2011

Contact Details 129 Lenorman, Kolonos 10442 Athens, Greece Tel.: +30 210 5144 214 Fax: +30 210 5146 123 Website: www.5ae.gr

Diamonds

TURNOVER (in euro)

2012

CHANGE (%)

432.851.982

442.041.199

2,12

9.155.851

12.394.532

35,37

GROSS PROFIT (in euro)

97.603.575

103.293.290

5,83

OWN EQUITY (in euro)

108.196.004

118.045.420

9,10

LIABILITIES (in euro)

PROFIT BEFORE TAXES (in euro)

112.036.537

111.341.344

-0,62

DEBT BURDEN

50,87

48,54

-4,59

EQUITY YIELD

8,46

10,50

24,08

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

Market presence of 115 years in Greece

Turnover 434.489.267

PROFIT BEFORE TAXES 26.712.460

Nestle products first became available in the Greek market in the late 19th century as imports from Switzerland. Nowadays, the firm’s basic products in the Greek market cover the sectors of baby food, coffee, chocolate, cooking products, breakfast cereals, mineral water, ice cream, instant chocolate drinks, products for professional use, as well as pet food. Nestle Hellas is a subsidiary firm of Nestle SA. The group’s corporate structure in Greece is comprised of Nestle Hellas SA, Greek Cereals Group SA, Nestle Waters, Direct Hellas SA, and Nespresso Hellas. These firms employ 1,000 persons at six locations around the country. Of these, 400 are employed at the company’s Greek headquarters in the Athenian suburb of Maroussi. The firm operates four production plants in Greece, a coffee-producing plant in Oinofyta, on the capital’s northern outskirts, an ice cream producing facility in the Athenian suburb of Tavros, as well as two water facilities, in the provincial cities of Vonitsa and Dodoni, both located in northwestern Greece. The firm’s coffee facility in Oinofyta is equipped with eight production and packaging lines for Nescafe Classic and the Greek coffee Papagalos Loumidis. The firm’s ice cream facility in Tavros is set up on a plot of land measuring 18,040 square meters with buildings whose total floor space measures 12,046 square meters. The firm’s Korpi mineral water facility, on the outskirts of Vonitsa, aims at supplying consumers with top-quality natural mineral water. The firm’s other water bottling facility in Dodoni, close to Ioannina, northwestern Greece, began operating in 2001, its main activity being the bottling of 18.9-liter bottles. Sixty percent of the company’s total turnover is generated by the four aforementioned plants. The firm has carried out investments in excess of 30 million euro over the past three years. The firm’s business plan for 2014 includes investments that are currently in progress. In 2013, the firm hired 250 young employees, all aged less than 30, as an initiative aimed at offering social and economic support. Furthermore, in 2016, the firm intends to offer 500 young Greeks practical work experience and training. Nestle exports two local products, Loumidis Papagalos Greek coffee, and Korpi natural mineral water. In 2012, total turnover at the firm reached 434 million euro, while profit after tax amounted to 14.7 million euro. NESTLE HELLAS SA 2011

Contact Details Patroklou 4, 151 25 Marousi, Athens Greece Tel: +30 210 688 41 11 Fax: +30 210 684 06 49 Website: www.nestle.gr

TURNOVER (in euro)

2012

CHANGE (%)

424.987.980

434.489.267

2,24

31.534.874

26.712.460

-15,29

GROSS PROFIT (in euro)

230.187.011

239.935.113

4,23

OWN EQUITY (in euro)

-14.896.015

53.237.483

0,00

LIABILITIES (in euro)

PROFIT BEFORE TAXES (in euro)

388.740.112

301.718.521

-22,39

DEBT BURDEN

103,98

85,00

-18,26

EQUITY YIELD

-211,70

50,18

0,00

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

IT & OFFICE PRODUCTS Commercial

45 years Plaisio: From 12m2 in 1969, to 282,7 million € turnover in 2013

Costas Gerardos Vice President and CEO Turnover 286.876.000 PROFIT BEFORE TAXES 13.097.000

When the first Plaisio store opened at the center of Athens in 1969 by George Gerardos - who was a student at that time - in a 12m2 area, few expected that 45 years later it would become one of the largest Greek companies with more than 1000 employees and a turnover of millions of euros. During the Greek Crisis, Plaisio Computers is one of the few healthy Greek companies, with profits before taxes increasing every year by 27% - from 2008 till today - without staff layoffs, without salary or benefit reductions. Specifically, for 2013 the Company announced: 1. Cash and cash equivalents of 52,2 million € 2. Net profit of 14,3 million € 3. Market share increase: sales remained at the levels of the previous year, while the whole sector declined The multichannel business model of Plaisio Computers and its systematic investment in the following sectors are the key factors of its continuous successful route:

Infrastructure In 2009 Plaisio Computers founded its HQ – Assembly – Logistics Center in Magoula, Attica, at a property measuring 22.500 m2, a total investment of approximately 30 million euro, where the firm’s fully automated Logistics Center and 25.000 Office & Technology products. Also, in Magoula operates the state-of-art assembly center, with a production capacity of 350.000 Computers yearly, and the main service center. Finally, in the same area operates a 1.200m2 store, and the Company’s Administration Offices. PLAISIO COMPUTERS GROUP 2011

Contact Details

TURNOVER (in euro)

Thesi Skliri, Magoula Attica 19018 Tel: +30210-5587700 Website: www.plaisio.gr

PROFIT BEFORE TAXES (in euro)

Diamonds

2012

CHANGE (%)

312.296.000

286.876.000

-8,10

8.899.000

13.097.000

47,17

GROSS PROFIT (in euro)

70.157.000

64.425.000

-8,17

OWN EQUITY (in euro)

56.859.000

65.414.000

15,05

LIABILITIES (in euro)

75.530.000

68.031.000

-9,93

DEBT BURDEN

-10,71

EQUITY YIELD

15,65

20,02

27,93

DIAMONDS OF THE GREEK ECONOMY 2014

“Phygital” business model Plaisio operates a “Phygital” network, comprised of physical and digital sales points. Specifically: 1. 25 physical stores, located in major Greek cities, which for 6 years (2008-2013) have been awarded by consumers as Νο1 Technology Stores 2. www.plaisio.gr, the largest online store with more than 100.000 unique visitors per day and winner of many awards regarding its interface and innovative services 3. Special Business to Business department (B2B), which serves 160.000 businesses in a fully personalized way 4. Call center, 12 hours per day, 6 days per week

“Manutailer” Plaisio is not just one more box mover. On the contrary, the Company operates as “Manutailer” - manufacturer and retailer simultaneously. Specifically, Plaisio’s highly expertized technicians assembly Turbo-X Computers in the Assembly Center located in Magoula, Attica. Turbo-X computers incorporate all the innovative technologies from day-one. In order to achieve this, Plaisio works directly with international leaders in computer components, e.g. Intel. As a result of the disintermediation strategy, the company achieves the following: First, Turbo-X products have cutting-edge technology from day 1, and second, they are offered at very competitive prices.

Brand Building Currently on the Greek market, the Turbo-X brand, which Plaisio launched in 1986, is No1 in Desktops, No3 in Laptops & Νο3 in Tablets for 2013. Brand building is a key factor for this success, as well as low prices combined with cutting – edge technology. Great attention is paid in product design and marketing, while the product portfolio is constantly enriched as Turbo-X brand enters new categories (TVs, Smartphones, etc.). Finally, Plaisio is constantly investing in Turbo-X after sales services and as a result, consumers strongly prefer them.

Exceptional Service Plaisio operates 21 technical service points in major Greek cities, where all Turbo-X products are checked, upgraded and repaired. More specifically, a total of 80 highly - skilled technicians provide: • Service in 4 hours • Upgrade in 4 hours • Free telephone support (12 hours a day, 6 days a week) • Built-to-Order, so as customers to build their own PC

Shopping experience The company constantly invests in the improvement of all channels (stores, plaisio.gr, monthly catalogues, B2B, direct sales), so that consumers always receive a fresh experience, and innovative and personalized services at the same time. Consumers may find all the new technology products at the best prices. Plaisio operates a Special B2B department that fully personalized serves 160.000 companies, from SOHO to the largest corporation. Finally, the company has launched special magazines rich of technology content, buying guides and tips.

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

Powerhouse in food and agricultural primary sector

Turnover 263.699.195

PROFIT BEFORE TAXES 10.111.872

Soya Hellas SA is one of the biggest Greek industries in the field of food and agricultural raw materials. The firm is active mostly in the processing and industrialization of seed oil, refinement, and standardization of seed oils and olive oil, production and packaging of margarine and vegetable fats, production of lecithin, as well as management, storage and trade of oats. At present, Soya Hellas employs nearly 300 persons, primarily at the firm’s large industrial plant located in Euboia (pronounced Evia), Greece’s second largest island northeast of Athens. The company also operates facilities in Thessaloniki’s industrial zone of Sindos, and Larissa, where horizontal storage and freezer facilities are maintained. The firm also maintains facilities in Xanthi’s Genissea and Evlalos districts, in northern Greece. At another storage facility in Preveza’s Thesprotiko region, western Greece, the firm maintains storage facilities for soya flour, sunflower seed, oats, pellets, and other agricultural products. The firm also runs a facility in the industrial zone of Heraklion, Crete, its main activity being the accumulation, storage, and supply of Cretan olive oil. The company’s focus on product quality is fundamental to its overall policy. It carries out regular quality inspections, based on quality standards, at its two laboratories in Euboia and Heraklion, Crete, both of which are equipped with state-of-the-art chemical analysis procedures. The firm maintains the required quality protection procedures throughout all production and storage stages, based on internationally recognized standards and Greek and European law. The firm’s 36th balance sheet covering the period 1-1-2013 to 31-12-2013 presented revenues of 304.92 million euro from 263.70 million euro in the previous period, a 15.6% rise. Soya Hellas posted pretax profit of 13.33 million euro for the 2012-2013 fiscal year, up from 10.11 million year euro in the previous year, a 31.8% increase. SOYA HELLAS SA 2011

2012

CHANGE (%)

Contact Details

TURNOVER (in euro)

288.631.613

263.699.195

-8,64

46-48, Voukourestiou str. 106 73 Athens, Greece Tel.: +30 210 36 64 200 Fax: +30 210 36 44 765 Website: http://www.soyahellas.gr

PROFIT BEFORE TAXES (in euro)

12.709.985

10.111.872

-20,44

GROSS PROFIT (in euro)

23.000.227

21.836.150

-5,06

OWN EQUITY (in euro)

45.723.105

52.863.034

15,62

LIABILITIES (in euro)

Diamonds

85.918.872

84.716.644

-1,40

DEBT BURDEN

65,27

61,58

-5,65

EQUITY YIELD

27,80

19,13

-31,19

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS DETERGENTS Industrial

A multinational choosing Greece for production base

Turnover 244.404.586

PROFIT BEFORE TAXES 12.961.131

Amid the adverse economic conditions, both for the pharmaceutical sector and the market as a whole, Boehringer Ingelheim Hellas has maintained a steady position with its export-oriented business plan through its Greek production plant, a significant investment for the firm. Boehringer Ingelheim began operating in Greece in 1966 and, several years later, set up its production facility in Koropi, on the eastern outskirts of Athens. Operating without interruption until this very day, the facility has ushered in new industrial standards to Greece. The facility, operating as a vertically integrated production plant since 1997, is also focused on market needs beyond Greece. At present, it supplies markets in over 45 countries, including in the European Union, eastern Europe, Balkans, north Africa, and the Middle East. Over 60% of the plant’s revenues stem from exports, which account for approximately one percent of the country’s total exports, regardless of sector. It should be highlighted that Boehringer Ingelheim Hellas is the sole multinational pharmaceutical firm that maintains its own production facility in Greece. Following nearly four decades of growth, the firm recently implemented a new investment - unprecedented in Greece amid these difficult times – worth 10 million euro. The move is expected to increase factory exports from a level of about 135 million euro in 2012 (about 55% of the firm’s total sales) to roughly 300 million euro in 2014. This new investment concerns the production and export of a new and innovative pharmaceutical product, as treatment for diabetes, to be market by the company worldwide. It is anticipated that this investment will lead to a 10% increase in work positions at the firm’s Greek plant. The new production line is expected to begin operating towards the end of the current year. It is important to note that Boehringer Ingelheim has never before entrusted the production of a new product at any plants beyond Germany, the USA and Japan. Furthermore, production of another product concerning high blood pressure was transferred to the firm’s Greek facility in early 2012. It is expected to boost company revenue and exports. It is particularly important that, amid these adverse conditions for the Greek economy, subsidiaries of major multinational firms realize the new position they are in, which calls for support for Greece through the local growth of their operations. The initiatives being taken by Boehringer Ingelheim Hellas contribute significantly to the triplefront of investment, growth, and support, in other words, investment for company growth and support for Greece. The firm is redefining its strategy based on these principles and intends to base its operations on them in the ensuing years. BOEHRINGER INGELHEIM HELLAS AE 2011

2012

CHANGE (%)

Contact Details

TURNOVER (in euro)

215.710.390

244.404.586

13,30

Ellinikou 2 167 77 Elliniko Greece Tel +30 2108906300 Fax +302108983207 http://www.boehringer-ingelheim.com

PROFIT BEFORE TAXES (in euro)

10.729.293

12.961.131

20,80

GROSS PROFIT (in euro)

63.267.115

58.309.060

-7,84

OWN EQUITY (in euro)

29.551.907

33.700.791

14,04

LIABILITIES (in euro)

101.144.071

122.747.419

21,36

DEBT BURDEN

77,39

78,46

1,38

EQUITY YIELD

36,31

38,46

5,93

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

MISCELLANEOUS Commercial

Revolutionizing ways of old

Turnover 220.454.977

PROFIT BEFORE TAXES 1.188.621

Founded in 1974, the firm MOUCHALIS & CO is active in the wholesale trade of smoking products, as well as other items. The company is based in the capital’s seaside southern district Hellenikon and its business activity covers the wider Athens area with a focus on small-sized retailers selling tobacco products. It is a market leader, in terms of turnover, in its field and is enjoying continual growth. The firm supplies products to 230 kiosks, small shops, and mini markets. Besides tobacco products, it also supplies confectionery products, soft drinks, and is interested in further increasing its range of services. Besides supporting sales, the firm’s overall marketing objective includes helping transform kiosks into modern enterprises through applications of computerized methods, as well as new marketing and logistics methods. Furthermore, the firm offers its clients overall support, meaning guidance with store design and management, provision of legal and tax policy advice, training and regular briefing. The firm also equips clients with advanced logistics systems that offer live interaction with its warehouse as a means of enabling direct stock updating and ordering. The company aims to soon implement new transaction methods that will allow clients to serve accounts through credit card payments. Mouchalis SA has forged deals with SingularLogic for computerization and bar-code applications, as well as with IDDS (Intelligent Database and Security Services) for better management of calls at the company’s call center. In 2012, the firm’s total revenue rose but net pretax profit fell slightly. Total turnover in 2012 reached 220.4 million euro from 207.9 million euro in 2011, a 6% year-on-year rise. Net pretax profit slipped by 3.7% to 1.188 million euro from 1.2 million euro in 2011. MOUCHALIS SA 2011

2012

CHANGE (%)

Contact Details

TURNOVER (in euro)

207.978.582

220.454.977

6,00

26 Agias Marinas st, Koropi, 19400 Athens Tel: 2102819700 website: www.kioskys.gr

PROFIT BEFORE TAXES (in euro)

1.234.621

1.188.621

-3,73

GROSS PROFIT (in euro)

5.994.737

6.153.597

2,65

OWN EQUITY (in euro)

7.040.950

7.965.648

13,13

LIABILITIES (in euro)

Diamonds

15.833.836

14.546.689

-8,13

DEBT BURDEN

69,22

64,62

-6,65

EQUITY YIELD

17,53

14,92

-14,90

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS COSMETICS Commercial

39,796,930 Roberto Greco

Turnover 208.547.775

PROFIT BEFORE TAXES 31.756.126

GSK invests in clinical research “made in Greece” with more than 100 Greek clinics. GlaxoSmithKline is a leading research-based pharmaceutical company with a 5% share of the world’s pharmaceutical market. Globally, GSK has set out strategic priorities that aim to increase growth, reduce risk and improve GSK’s long-term financial performance. GSK is one of the world’s leading vaccine companies with a 25% share of worldwide vaccine sales (2013 data), and is the main vaccine supplier to UNICEF. GSK is also a leading company in fighting respiratory diseases with a 40 years heritage in drug discovery. Since 2009, GSK entered into an agreement with Pfizer to create a new world-leading, specialist HIV company, ViiV Healthcare, targeted to the research, development and distribution of HIV medicines. In the same period, GSK acquired Stiefel Laboratories, aiming to create a new world-leading specialist dermatology business. In Oncology, GSK is investing in a large clinical programme for supportive care treatments, chemotherapies and targeted therapies, aiming to contribute in the effort to convert cancer from a life-threatening to a chronic disease. A Special Unit for Research and Development of GSK focuses on developing new therapies to treat rare diseases. At GSK we aim to offer innovative drugs and vaccines with added value for the patient and the health system. GSK provides 67 original medicines in Greece in a number of therapeutic areas such as respiratory (COPD, asthma , allergic rhinitis), cancer (cancer of the breast, kidney, ovaries and lung ), hematology, rare diseases and for diseases such as benign prostatic hyperplasia, epilepsy, migraine, Parkinson, depression, HIV / AIDS, skin disorders, infections of various systems and influenza. GSK also expects pricing and reimbursement approval of a new treatment for Systemic Lupus Erythematosus , and a new therapy for melanoma patients which were approved by the European authorities (EMA) in 2011 and 2012 respectively. In addition, GSK in Greece has 17 vaccines for the prevention of all diseases described in the National Immunization Calendar for children and adolescents including cervical cancer and pneumococcal disease. GSK expects pricing and reimbursement for a new vaccine for the active immunization of children from the age of 12 months against invasive meningococcal disease caused by Neisseria meningitis group A, C, W-135 and Y. In the following years, GSK will offer a comprehensive portfolio of innovative products covering unmet needs in therapeutic areas such as COPD, asthma, HIV, rare diseases. GSK invests in clinical research “made in Greece” with more than 100 Greek clinics participating in 29 multinational clinical trials in 2013 alone. GSK supports Patients’ associations with special focus on children suffering from serious illnesses, as well as supporting NGOs with product donations for the uninsured population. In Greece, since 2009 GSK supports the nonprofit organization Floga for an innovative Homecare program for children with cancer in Attica, with a total amount of € 800.000. The Homecare program aims to improve the quality of life of children and their families and provides simple medical procedures at home ( blood collection, catheter care Hickman, subcutaneous injection) by specially trained nurses who work with the peadiatric oncology hospitals in Athens. Up to Feb 2013 more than 410 children in Attica have benefited from this program. In addition, the company supported the set up of the Cystic Fibrosis Clinic in Sismanoglio Hospital. GSK‘s priority is patient access to therapies in all parts of the world. GSK ranked #1 in the «Access to Medicine Index» as published in The NEW ENGLAND JOURNAL of MEDICINES - September 2013 (Hans V. Hogerzeil, MD, Ph.D. / n engl j med 369; 10 nejm.org September 5, 2013). The «Access to Medicine Index 2012» classifies the 20 largest pharmaceutical companies according to the efforts they make for their products to be available and accessible to patients in developing countries. GLAXOSMITHKLINE AEBE

Contact Details Kifissias 266 152 32 Chalandri Greece Tel: +30 210 6882100 Fax: +30 210 6847144 Website: www.glaxosmithkline.gr

2011 TURNOVER (in euro)

2012

CHANGE (%)

224.151.059

208.547.775

-6,96

PROFIT BEFORE TAXES (in euro)

15.677.818

31.756.126

102,55

GROSS PROFIT (in euro)

90.072.748

91.499.323

1,58

OWN EQUITY (in euro)

101.081.275

107.102.673

5,96

LIABILITIES (in euro)

45.562.248

40.207.828

-11,75

DEBT BURDEN

31,07

27,29

-12,15

EQUITY YIELD

15,51

29,65

91,17

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

From flour and vegetable oils to biofuel

Marina Ofloudi - Giavroglou

Turnover 207.798.828

PROFIT BEFORE TAXES 3.479.073

Formed in 1970, Soya Mills SA remains one of the biggest firms in the field of production and trade of soya and soybean oil with facilities owned by the company in the Corinth region, west of Athens. The firm processes and trades soybean oil and olive. To reach the market, raw oils are first processed at a modern facility operated by the firm. Soya Mills SA was the first company in Greece to engage itself in the production of soybean oil. Seeds are accumulated and processed. The firm is also active in the trade of significant amounts of corn, barley, oats, and wheat. The firm has also expanded its activities into other fields. More specifically, Soya Mills SA acquired an olive oil producer and renamed the venture Hellenic Fine Oils (HFO). This firm is active in the production and packaging of olive oil. It exports to China, Japan, and Brazil. The firm’s establishment and 51% stake in a recent venture, GF Energy, which is active in the production of biofuel, ranks as its most significant development. The total cost of this initiative is budgeted at 17 million euro. Part of the cost is being financed by EU subsidy programs. The business, whose production is based on a fully automated and environmentally friendly facility, stands as a biofuel alternative for farmers. Many company operations are fused in the production process. The soya mill operation provides raw materials for biofuel production. This biofuel facility, whose production capacity amounts to 130,000 tons annually, began operating in 2009 and produces close to 25,000 tons annually. Commenting on the GF Energy venture, the company’s managing director Marina Ofloudi noted: “We have signed contracts for approximately 20,000 hectares and will proceed with similar numbers, possibly more, in 2014.” Soya Mills intends to expand its contract-based farming business activity into its Hellenic Fine Oils (HFO) venture, especially with producers in southern Greece. The objective, according to the managing director, is to “achieve steady prices and quality regarding olive oil, so that we can export.” As for the firm’s financial results in 2013, she noted that total turnover for the year reached about 300 million euro, up by between 5 and 6% compared to 2012. ”Revenues at Hellenic Fine Oils (HFO) will increase because our level of exports is rising,” the company head noted, while adding that “China is a country we are exporting to in considerable numbers, but the same is also occurring in many other countries, such as Brazil and Argentina.” SOYA MILLS SA 2011

Contact Details

TURNOVER (in euro)

1 Alamanas,151 25 Μarousi, Athens Τel: +30 210 6384 400 fax: +30 210 6384 500 Website: www.soya-mills.gr Mail: mail@soya-mills.gr

PROFIT BEFORE TAXES (in euro)

Diamonds

2012

CHANGE (%)

211.598.883

207.798.828

-1,80

3.031.115

3.479.073

14,78

GROSS PROFIT (in euro)

12.487.300

12.236.548

-2,01

OWN EQUITY (in euro)

38.023.963

40.912.457

7,60

LIABILITIES (in euro)

76.669.054

55.092.519

-28,14

DEBT BURDEN

7,97

8,5

6,64

EQUITY YIELD

27,80

19,13

-31,19

DIAMONDS OF THE GREEK ECONOMY 2014

PETROLEUM PRODUCTS Commercial

Greek bunkering giant

Turnover 194.044.942

PROFIT BEFORE TAXES 3.756.476

SEKAVIN was founded in Greece in 1979 and belongs to the Vardinoyiannis group. It has a market presence in Piraeus and the island of Syros, as a physical supplier. The firm is one of the largest suppliers to vessels of bunkers and all grades of Marine Fuel, MGO and lubricants, as well. It also owns three tankers to meet the needs in the Piraeus and Agii Theodori region, as well as private facilities on Syros Island that serve vessels entering the area. The firm offers its services at three stations, in Agii Theodori, Corinth, west of Athens, Piraeus port, and the island of Syros. Through its own facilities at the port of Syros, SEKAVIN supplies vessels - with ex-pipe delivery and by barge - with all Fuel Oil grades from 30CST up to 380CST and MGO as well as lubricants. As a result of its convenient location, the companyâ&#x20AC;&#x2122;s facility, well placed for various routes from the western Mediterranean and Adriatic to northern Greece, Bosporus and Black Sea, as well as from the Black Sea to Asia Minor, Levant and the Suez Canal, eliminates all deviation costs that would have been incurred by vessels calling for bunkers. Supplies can take place ex-wharf for vessels up to DWT 20000 MT or by barge at anchorage off Syros island for vessels whether exceeding DWT 20000 MT or not. Full agency service is available through the SEKAVIN Syros Agency Company. At Agii Theodori, SEKAVIN supplies vessels arriving for cargo operation with petroleum products of 180CST/380CST / MGO and lubricants along with cargo operation. Full agency service can be arranged through the affiliated agency company, SEKAVAR SA. At Piraeus port, SEKAVIN is a major supplier of petroleum product. It can supply vessels with all grades of high-quality marine fuels from 30CST up to 380CST and MGO according to ISO specifications as well as lubricants. Deliveries can take place at Piraeus and the Elefsina area by three barges owned by SEKAVIN. Full agency service through the firmâ&#x20AC;&#x2122;s affiliated agency company SEKAVAR SA is also available. As for safety, environment, health, protection and security, the firm constantly invests in special resources to ensure that the health and security of personnel and associates are safeguarded to the maximum possible extent. The company is always prepared to deal with any unexpected event that may occur. Due to security reasons concerning vessels, crew and installations, the port of Syros is one of the most secure and highly protected bunkering stations in Greece. This area, both at sea and shore, is heavily guarded and patrolled. The Syros bunkering station is in compliance with ISPS code. In 2012, the firm posted impressive rises in sales and, especially, net pretax profit. Sales increased to 194 million euro from 166 million euro in 2011, a 16.5% year-on-year rise. Net pretax profit jumped to 3.7 million euro in 2012 from 2 million euro in 2011, an 80.7% increase. SEKAVIN SA 2011

Contact Details AKTI MIAOULI 53-55 PIRAEUS, GREECE 185 36 Tel: +30 210 42 93160 E-mail: sales@sekavin.gr Website: www.sekavin.com

TURNOVER (in euro)

2012

CHANGE (%)

166.529.170

194.044.942

16,52

PROFIT BEFORE TAXES (in euro)

2.079.308

3.756.476

80,66

GROSS PROFIT (in euro)

5.865.114

7.252.209

23,65

OWN EQUITY (in euro)

13.780.686

17.594.492

27,68

LIABILITIES (in euro)

20.159.195

19.377.882

-3,88

DEBT BURDEN

59,40

52,41

-11,76

EQUITY YIELD

15,09

21,35

41,50

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS COSMETICS Commercial

The leading pharmacy supplier

Thanasis Mouchtis

Turnover 186.904.387

PROFIT BEFORE TAXES 2.251.425

The PEI.FA.SYN group (Peiraiki Pharmaceutical Cooperative) owns three wholesale subsidiary firms, SY.FA.PEL, SY.FA.KO, and SY.FA. Samos, a subsidiary service company, MEDI-SIN, and is a stake holder in the wholesale firm MENALON SY.FARM. SA, a subsidiary of the SY.FA.NO.P.E.E group. The Peiraiki Pharmaceutical Cooperative was founded in 1980. Today, it is housed in modern facilities measuring approximately 3,000 square meters in Rendi, a district of port-city Piraeus, which serves multiple deliveries, on a daily basis, to more than 600 pharmacies. It handles about 18,000 products - pharmaceuticals and over-the-counter products. The operation has been certified in accordance with the ISO 9001/2008 standard and the Ministerial Decision 1348-1304 entailing the proper distribution of medical devices. It owns a fleet of 17 air-conditioned trucks, most of which carry coolant chambers and motorbikes for emergencies and urgent shipments. The Peiraiki Pharmaceutical Cooperative has made large investments in infrastructure and high technology, providing timely strategic benefits and advantages. Since 1998, the firm has been equipped with automated robotic systems, installed by Knapp, a globally recognized company that specializes in automating large pharmaceutical warehouses. The firm also operates the Enterprise Resource Planning (ERP) system by ORACLE (E-Business Suite), the demand forecasting and inventory management system Inventory Vision-Syncron and RF-terminals in its warehouse, where it employs a team of 175 highly-trained employees. The firm’s independent financial standing is based on OWN EQUITY that exceeds 16 million euro, of which approximately 1.5 million euro has been invested in property. The firm’s stock is valued at 8 million euro. .€. At the end of 2012, the Peiraiki Pharmaceutical Cooperative’s members amounted to 520. The PEI.FA.SYN group not only aims to stand out as a remarkable business unit, but also strives at being integrated with society by offering its support to fellow citizens, especially those in need, while also operating as an environmentally responsible business. According to the cooperative’s balance sheet for 2012, total turnover rose by 10% in 2012, to 189 million euro from 170 million euro in 2011. Net pretax profit dropped marginally, by 0.76%, to 2.251 million euro in 2012 from 2.5 million euro a year earlier. PEIFASYN PHARMACEUTICAL COOP. OF PIRAEUS L.LC.

Contact Details 98 Ag I. Renti Agios Ioannis Rentis, 18233 Τel.: +30 210-4830291 Fax: + 30 210-4813995 E-mail: info@peifasyn.gr Website: www.peifasyn.gr

Diamonds

2011 TURNOVER (in euro)

2012

CHANGE (%)

170.177.258

186.904.387

9,83

PROFIT BEFORE TAXES (in euro)

2.501.991

2.251.425

-10,01

GROSS PROFIT (in euro)

8.769.717

8.889.566

1,37

OWN EQUITY (in euro)

14.384.856

16.267.997

13,09

LIABILITIES (in euro)

47.818.415

42.955.307

-10,17

DEBT BURDEN

76,87

72,53

-5,65

EQUITY YIELD

17,39

13,84

-20,43

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS COSMETICS Commercial

The Greek pharmaceutical company that invests in innovative high-tech medicine stemming from global pharmaceutical research

Constantinos Evripides

Turnover 182.274.448

PROFIT BEFORE TAXES 74.358.929

GENESIS Pharma is a leading Greek pharmaceutical company. It was founded in 1997 with the mission to ensure that all patients in Greece suffering from severe and rare diseases have direct access to innovative medicines. With the aim to combine the rapid scientific advances of the global pharmaceutical industry with a successful commercial business venture, GENESIS Pharma became the first Greek company specializing in the marketing, sales and distribution of biopharmaceutical products, at a time when biotechnology was still at an early stage of its development. Headquartered in Athens, GENESIS Pharma has expanded its activities to Cyprus, through its subsidiary GENESIS Pharma (Cyprus) Ltd, but also to the broader region of Southeast Europe, mainly in Bulgaria, Romania and Croatia. Through long standing strategic alliances with some of the leading multinational pharmaceutical companies committed to cutting edge R&D, GENESIS Pharma has created a strong product portfolio of novel branded medicines. Two of its partners, Biogen Idec and Celgene, are among the four largest biopharmaceutical corporations worldwide by market capitalization. GENESIS Pharma currently imports more than 20 products for the treatment of various chronic, rare and life-threatening diseases. The company is highly specialized in the treatment of Multiple Sclerosis, since it imports three licensed products for the disease, as well as in the treatment of malignant diseases, with high-tech branded medicines. Its portfolio also includes products for the therapeutic areas of nephrology, gastroenterology and rheumatology. Soon after its inception, GENESIS Pharma was ranked among the most successful Greek commercial companies, recording significant growth rates. In the last ten years it also ranks among the largest pharmaceutical companies operating in the Greek market by turnover, and is firmly amongst the leaders in hospital sales in the country. GENESIS Pharma has received numerous distinctions since 2000 for its growth and productivity rates and its commitment to innovation, excellence and corporate responsibility. It is the only company in the history of the Greek Best Workplaces competition included in the top ten list every year since the launch of the competition in Greece in 2003, receiving 12 local awards, as well as four European and two special awards. It is also the first pharmaceutical company to be awarded for its CSR performanceÂ in the National Corporate Responsibility Index over the last four years (2010-2013). GENESIS PHARMA SA

Contact Details Chalandri â&#x20AC;&#x201C; Athens Tel: +30 210 877 1500 Fax: +30 210 689 3877 e-mail: info @ genesispharma.com Website: www.genesispharma.com For more information please visit www. genesispharma.com

2011

2012

CHANGE (%)

TURNOVER (in euro)

207.439.159

182.274.448

-12,13

PROFIT BEFORE TAXES (in euro)

-89.322.352

74.358.929

GROSS PROFIT (in euro)

75.729.198

71.283.804

-5,87

OWN EQUITY (in euro)

-44.887.471

14.161.542

LIABILITIES (in euro)

340.778.615

263.519.384

-22,67

DEBT BURDEN

115,17

94,90

-17,60

EQUITY YIELD

198,99

525,08

163,87

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

PETROLEUM PRODUCTS Commercial

Continual presence as an independent supplier of shipping fuel for half a century Founded in 1961 by Nikos I. Vardinoyiannis, SEKA SA began its endeavors through a joint venture with Mobil Corporation and Aristotle Onassis, which was set up to run a ship refueling station for vessels entering the southeastern Mediterranean. Initially, the refueling of ships was conducted within the natural harbor of Kali Limenes, southern Crete, via a large fuel tanker. In 1966, SEKA completed construction of a tanker facility on the islet of Agios Pavlos, located a quarter of a mile from the Cretan coast. The facility was comprised of six fuel storage tanks with an overall total capacity in excess of 31,000 metric tons. For decades, this depot established itself as a standard refueling station for vessels entering the region from the Suez canal. SEKA extended its refueling services with a Motor Oil Hellas SA refinery in Agioi Theodoroi, next to Corinth. In more recent years, SEKA completed an extensive investment program entailing the overall maintenance, reconstruction, and upgrading of facilities with the objective of establishing the firm’s refueling station as the main depot in the entire Mediterranean basin. These investments entailed the upgrading of fuel storage tanks, the supply network, pumping facilities, as well as the development of additional services, such as supply of lubricants, fresh water, rubbish disposal services, and shipping food supply. SEKA’s facilities are equipped to offer all types of shipping fuel: Fuel Oil - 380 cst & 180 cst, HSFO, RMG 380/RME 180, ISO 8217: 2010 Gasoil - 0.10% LSGO -DYED BLACK, DMA, ISO 8217: 2010 Intermediate blends Fuel delivery is made at:

Turnover 180.102.422

PROFIT BEFORE TAXES 4.977.812

Piraeus Roads, a region that stretches across 25 nautical miles along the coast (including Elefsina and Pachi), from Piraeus. Supply is carried out through refueling tankers. Agioi Theodoroi, close to Corinth, at the MOTOR OIL Hellas refinery. Fuel supply at this facility is exclusively reserved for loading and unloading vessels. Kali Limenes, southern Crete. Services are offered through refueling tankers at the SEKA SA facilities. SEKA SA also makes available four refueling tankers in Piraeus, while the company’s facility in Kali Limenes, southern Crete, operates two refueling tankers. SEKA also offers lubricants at its refueling stations. Specialized, custom-based needs aside, these refueling stations offer all major lubricant products. SEKA BUNKERING STATIONS SA 2011

Contact Details 53-55 AKTI MIAOULI,185 36 - PIRAEUS Tel: 210 4293160 Fax: 210 4293345 e-mails: sekasales@seka.gr Website: http://www.seka.com.gr

Diamonds

TURNOVER (in euro)

2012

CHANGE (%)

192.424.056

180.102.422

-6,40

PROFIT BEFORE TAXES (in euro)

6.150.940

4.977.812

-19,07

GROSS PROFIT (in euro)

9.385.845

8.645.861

-7,88

OWN EQUITY (in euro)

11.533.113

14.537.429

26,05

LIABILITIES (in euro)

20.208.289

17.228.614

-14,74

DEBT BURDEN

63,67

54,24

-14,81

EQUITY YIELD

53,33

34,24

-35,80

DIAMONDS OF THE GREEK ECONOMY 2014

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

METAL PRODUCTS Industrial

Planned investment of 11 million euros for 2013-2015

Turnover 164.706.628 euro

PROFIT BEFORE TAXES 5.030.029 euro

Symetal S.A. is a subsidiary of the Elval Group, the latter being the Aluminium Sector of Viohalco S.A. The company began operations back in 1977 at the Mandra plant and managed to increase the output of its production plant fifteen-fold within 3 decades, by implementing a particularly successful development model. Symetal produces an extensive line of aluminium foil products, providing a variety of added value solutions to a series of companies, primarily in the food, tobacco and pharmaceutical industries. They range from aluminium for chocolate packaging and yoghurt covers to inner cigarette packaging, aluminium for pharmaceutical purposes (blister and cold forming) and aluminium for food containers, aluminium for household use and aluminium foil for cables and insulation applications. Manufacturing takes place at two production plants located in the Oinofyta and Mandra regions of Greece. Symetal manufactures aluminium foil (from 6 to 180 mic) and aluminium flexi-packaging for the tobacco and food industries. Standing out for its quality, reliability and commitment to the best possible service of end customers, Symetal meets the needs of a demanding and significant client base including various multinationals such as Amcor, Constantia, Imperial Tobacco, Japan Tobacco International, Kraft and Wrigley. Being clearly export-oriented, 90% of Symetalâ&#x20AC;&#x2122;s sales originate from outside Greece to more than 40 countries in Europe, the Middle East, Africa, the Far East and Australia. Symetal implements a dynamic commercial expansion policy in each market having special attractive characteristics of demand. The entry into new cold-forming products for pharmaceutical use and the strategic commercial positioning in the markets of the USA and Canada are some of the recent examples of business growth. With an investment plan totalling 47.3 million euros over the 2008-2012 period, and a further planned investment of 11 million euros for the 2013-2015 period the company has confirmed its commitment to constantly improving and upgrading its production base, by modernising and extending its facilities. Symetal was announced as one of the 23 True Leaders as part of the 2012 ICAP annual event selecting businesses that score well in four measurable and objective criteria (profitability, increased staff levels, ICAP Credit Rating and sectoral position). SYMETAL SA 2011

Contact Details 25th km Athens-Korinthos Nat. Road 196 00 Mandra, Attica Tel.: 210 5556833-4, Fax: 210 5551077 E-mail: shatzipa@symetal.vionet.gr www.symetal.gr

Diamonds

TURNOVER (in euro)

2012

CHANGE (%)

161.906.310

164.706.628

1,73

2.738.706

5.030.029

83,66

GROSS PROFIT (in euro)

10.247.488

10.229.035

-0,18

OWN EQUITY (in euro)

71.168.508

75.144.730

5,59

LIABILITIES (in euro)

PROFIT BEFORE TAXES (in euro)

52.439.784

50.094.010

-4,47

DEBT BURDEN

42,42

40,00

-5,72

EQUITY YIELD

3,85

6,69

73,95

DIAMONDS OF THE GREEK ECONOMY 2014

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

SUPERMARKETS Commercial

Turnover

Among country’s top ten supermarkets Founded in 1990, the firm MARKET IN firm has, over the past 23 years, managed to establish itself as one of Greece’s ten largest supermarket chains. Having begun its operations as a member of the ASTERAS group, followed by the ELOMAS group, MARKET IN became an independent enterprise in 2007. In 2013, the MARKET IN supermarket chain numbered 131 outlets, including eight DAILY’s convenience stores and three ECONOMY outlets. Over 2,000 persons are employed at MARKET IN. As of August 2013, the firm has based its operations at the group’s new facility in the Markopoulos industrial zone, east of Athens. Also in 2013, Market In signed a significant agreement with IFCO Systems Greece for reusable environmentally friendly IFCO packaging of its fresh products. The supermarket chain runs outlets at nine prefectures around Greece. Recently, the firm added three new outlets to its total. In 2012, the supermarket chain posted an 8% increase of total revenues, from 146.6 million euro in 2011 to 158.6 million euro in 2012. On the contrary, net pretax profit fell by 9%, from 1.257 million euro in 2011 to 1.144 million euro in 2012.

158.600.039

MARKET IN SA

PROFIT BEFORE TAXES 1.144.396

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Industrial Zone Markopoulo Mesogeas Attica, Position Dorovateza, Τ.Κ. 19003 Τel: 22991-50500 Fax: 22991-50799 Email: info@market-in.gr

to rom

SUPERMARKETS SUPER MARKETS

2012

146.660.715

CHANGE (%)

158.600.039

8,14

1.257.229

1.144.396

-8,97

GROSS PROFIT (in euro)

40.634.836

42.719.645

5,13

OWN EQUITY (in euro)

3.294.439

3.909.261

18,66

LIABILITIES (in euro)

59.054.735

66.897.716

13,28

DEBT BURDEN

94,72

94,48

-0,25

EQUITY YIELD

38,16

29,27

-23,29

Supermarket chain covering island needs

Turnover

The Kritikos supermarket chain has a history stretching back 69 years. The firm was founded by Mr. Andreas Kritikos, who, responding to market needs at the time, while also looking towards the future, established a well-equipped retail outlet, based on the classic grocery store model. The initial objective was to supply islands as a result of the difficulties encountered by the then-isolated locations. Management of the enterprise was later passed on to the founder’s sons, who established the company’s first large outlet on the island of Aegina, close to Athens, in 1983. Today, the company runs a 56-outlet retail chain, whose locations include Argosaronikos, Aegina, Spetses, Poros, Kranidi, Porto Heli, Ermioni, wider Athens, Evia, and Corinth. The company became a part of the ELOMAS group in May, 2013, Greece’s largest purchasing group, which enables the firm to secure better deals with suppliers. The firm aims to launch a further 12 outlets within 2014. In 2012, the supermarket chain posted rises in both sales and pretax net profit. Sales for the year amounted to 101 million euro, from 96 million euro in 2011, a 5% year-on-year rise. Net pre-

101.617.823

KRITIKOS ANEDIK SA

Commercial

PROFIT BEFORE TAXES 620.321

Contact Details Kypseli Aegina, post code 18010 ΤEL. 22970 25949 – 2297027880 FAX. 22970 23842 Ε-MAIL: anedik@anedik.gr WEBSITE: http://www.kritikos-sm.gr/

2011

Diamonds

2011 TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

2012

96.375.229

CHANGE (%)

101.617.823

5,44

546.023

620.321

13,61

GROSS PROFIT (in euro)

20.687.340

23.363.638

12,94

OWN EQUITY (in euro)

6.316.604

9.022.106

42,83

LIABILITIES (in euro)

54.961.078

44.977.752

-18,16

8,64

6,87

-20,49

DEBT BURDEN EQUITY YIELD

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD TRADING Commercial

Leading bananas producer

Athanasios Glinos

Turnover 157.650.910

PROFIT BEFORE TAXES 3.117.783

Chiquita Hellas S.A. was established in June 2006 in Athens as a subsidiary of Chiquita Brands International and has become a leading marketer of bananas in Greece. Chiquita Hellas has managed to quadruple its turnover, within the first 4 years of operation, after taking on the development of the entire South-eastern Mediterranean & N. Africa, Balkans, Black Sea region, Russia & China through significant and consistent investments in the field of trading, promoting and marketing of Chiquita products. More specifically, the company is responsible for the following countries: Greece, Cyprus, Albania, FYROM, Bulgaria, Romania, Serbia, Bosnia-Herzegovina, Montenegro, Croatia, Turkey, Moldavia, Ukraine, Georgia, Russia, Azerbaijan, Kazakhstan, Armenia, Tunisia, Syria, Libya, Egypt, Algeria, Morocco & China. Besides the famous bananas & pineapples Chiquita produces and sales a big variety of fresh fruits, packaged fresh fruits, fresh smoothies and packaged salads. Why Chiquita differs Our ally is the non-negotiable priority we give to quality, as well as the individual actions we take that differentiate us from our competitors, through every step of the way; from plantation to supermarket display. To mention but a few, our actions include the following: 1. Strict standards for cultivation, irrigation, fertilization and research, through constant certifications by international organizations (Rainforest Alliance, WWF, REWE, IUF – COLSIBA), while always respecting the environment and our employees. 2. We select only the absolutely best fruit to send to market (1 out of 2 bananas will bear the Chiquita label). 3. We pioneered private refrigerated ships to give customers the freshest bananas. 4. We created special shipping and storage cartons and an advanced product traceability system. Despite the ongoing recession in Greece, Chiquita Hellas managed to increase its pretax profit figure as well as sales in 2012. More specifically, total turnover rose by 27.51% to reach 157.6 million euro from 123.6 million euro in 2011. Pretax profit increased by 67.57% and reached 3 million euro, from 1.8 million euro in 2011. Concurrently, management reduced the firm’s operating costs by almost 50%, limiting the figure to 1.3 million euro in 2012 from 2.6 million euro in 2011. Also, the firm’s total debt figure was reduced to 9 million euro in 2012 from 15 million euro 2011, a 39% decline. CHIQUITA HELLAS SA 2011

Contact Details Pindou 58 & Ι. Vikela 342 15233 Chalandri – Athens, Greece Τel. +30 210 6853203 Fax + 30 210 6854992 E-mail: infogr@chiquita.com

TURNOVER (in euro)

2012

CHANGE (%)

123.635.903

157.650.910

27,51

PROFIT BEFORE TAXES (in euro)

1.860.551

3.117.783

67,57

GROSS PROFIT (in euro)

4.521.432

4.013.716

-11,23

OWN EQUITY (in euro)

658.616

431.777

-34,44

LIABILITIES (in euro)

14.908.120

9.089.151

-39,03

DEBT BURDEN

95,77

95,46

-0,32

EQUITY YIELD

282,49

722,08

155,61

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

MISCELLANEOUS Industrial

Producing 100% Greek products

Dimitris Pisimisis

Turnover 151.503.100

PROFIT BEFORE TAXES 20.212.423

BIC, is one of the most recognized brand names in the world, specializing in manufacturing distribution and selling of consumer products in more than 80 countries all over the world. Violex launched its operations in 1952 as a small family-run business owned by the Politis family, manufacturing razor blades for shaving. In the 70s, Anastassios Politis joined Violex’s forces with the French group BIC, which had made major impact with its disposable ballpoint pen. Violex remained a Greek firm, and was renamed Violex BIC. In 1999, the firm was acquired by BIC group but BIC VIOLEX remains a purely Greek firm. Nowadays, it is managed globally by Greek executives. Its products are 100 percent Greek. Today, BIC VIOLEX serves as the international centre for the BIC group’s razor blades division and employs 1,200 persons. Seventy percent of BIC’s razors for global market are designed and manufactured in Athens. Therefore, it can be asserted that an entirely Greek product dominates markets in all five continents. Essentially, production procedures of all of BIC’s razor blade shaving products begin in Greece, by a Greek firm that maintains four production facilities in the wider Athens district of Anixi, where the products are designed and manufactured. The location is also home to BIC’s R&D department. Forty patents have been developed there over the past eight years, leading to the supply of new shaving products for the international market. The parent company, Societe BIC SA, is based in France and produces writing products, lighters, and razors with sales in 160 countries covering all continents, from developed to developing markets. Its BIC products are available at 3.2 million retail outlets, while 9,200 persons are employed by the company worldwide. Total turnover in 2012 amounted to 151.5 million euro and pre-tax profits reached 20.2 million euro. In 2011, total turnover reached 147.3 million euro and pre-tax profits were 20.4 million euro. BIC VIOLEX SA 2011

2012

CHANGE (%)

Contact Details

TURNOVER (in euro)

147.289.790

151.503.100

2,86

58 Ag. Athanassiou, Anixi 145 69 Τel: 21 0629 9000 Fax: 2106216808 Website: http://gr.bicworld.com/

PROFIT BEFORE TAXES (in euro)

20.439.898

20.212.423

-1,11

GROSS PROFIT (in euro)

44.195.232

49.047.597

10,98

OWN EQUITY (in euro)

107.069.850

123.777.141

15,60

LIABILITIES (in euro)

Diamonds

51.138.762

29.546.061

-42,22

DEBT BURDEN

32,32

19,27

-40,38

EQUITY YIELD

19,09

16,33

-14,46

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS DETERGENTS Industrial

Greece’s biggest R&D investor

Nelly Katsou

Vasilis Katsos

Turnover 149.321.132

PROFIT BEFORE TAXES 10.500.225

Pharmathen is ranked among Greece’s fifty largest and most profitable firms. Despite the crisis, the company has relentlessly pursued its investment plan, budgeted at 110 million euro for the five-year period between 2010 and 2015. Backed by three state-of-the-art research centers and two major pharmaceutical manufacturing facilities, Pharmathen has expanded its presence to all five continents. It exports pharmaceutical products to over 85 countries and collaborates with the world’s 200 largest pharmaceutical firms. In 2013, the Greek pharmaceuticals producer posted a total turnover figure of 177 million euro, which, back in 2003, had amounted to 12.1 million euro. Over 75% of the firm’s turnover figure is generated by exports to 85 countries, and constitutes 1% of the country’s total exports. Pharmathen has invested heavily amid the crisis, the figure amounting to 55 million euro over the past four years. In doing so, the firm has created over 300 jobs during this period and, at present, employs more than 900 persons. Pharmathen’s strategic planning is based on three pillars: investment, innovation, and internationalization. This approach has contributed significantly to the company’s impressive growth so far and it aims to bolster further its presence in international markets and its export activities, by maintaining high levels of investment in research and innovation. The company estimates that, over the next two years, it will invest over 10 million euro in facility infrastructure and create 100 new jobs. Furthermore, Pharmathen has established itself as one of Europe’s largest researchers and developers of generic drugs. According to data released by the European Commission’s “The 2013 EU R&D Investment Scoreboard”, the firm is ranked 46nd among 4,500 pharmaceutical research firms throughout Europe, and in 435th place among the leading 1,000 R&D firms, regardless of sector. The company also holds more than 65 international patents for the development of innovative pharmaceutical technologies. These have been approved by European and US organizations (EPO, USPTO). Moreover, Pharmathen recently made a dynamic entry into the field of prototype drugs and innovative technologies. Finally, Pharmathen celebrated this year its 45th anniversary of business activity, with a major investment initiative marking the firm’s return to its field of origin, the pharmacies. Presenting its prescription for Greece’s exit from the crisis, as well as unique export drive, the pharmaceutical firm has expanded its commercial activities by investing in the representation of the Nuxe, Bioderma, and Gum brands in Greece, to be exclusively distributed through pharmacies. PHARMATHEN SA

Contact Details 44, Kifissias Avenue, 151 25 Maroussi, Athens-Greece Tel: +30 210 66 04 300 Fax: +30 210 66 66 749 Website: www.pharmaten.com Email: info@pharmaten.com

2011 TURNOVER (in euro)

2012

CHANGE (%)

108.479.936

149.321.132

37,65

7.183.493

10.500.225

46,17

GROSS PROFIT (in euro)

48.474.026

51.330.307

5,89

OWN EQUITY (in euro)

71.694.625

89.015.971

24,16

LIABILITIES (in euro)

PROFIT BEFORE TAXES (in euro)

90.382.713

83.065.489

-8,10

DEBT BURDEN

55,77

48,27

-13,44

EQUITY YIELD

10,02

11,80

17,73

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

INFORMATION TECHNOLOGIES Commercial

Protagonist of the gaming sector

Constantinos Antonopoulos

Turnover 139.599.000

PROFIT BEFORE TAXES 6.202.000

Within 22 years of operation INTRALOT has achieved an impressive global expansion and has become the protagonist of the gaming sector. Leveraging its advanced know-how in the development of cutting-edge products and capitalizing on its significant experience in gaming operations management, INTRALOT offers customized and fully integrated solutions that are highly efficient and absolutely secure. INTRALOT has been publicly listed in Athens Stock Exchange since 1999. Its revenues in 2013 reached €1.54 billion. As a vendor and/or lottery operator, INTRALOT has been awarded contracts for a wide range of products and has established its presence in 57 countries on all 5 continents with more than 5.700 employees. INTRALOT is the leading supplier of Integrated Gaming and Transaction Processing Systems, Innovative Game Content, Sports Betting & Racing Management and Interactive Gaming Services to state-licensed gaming organizations worldwide. INTRALOT currently holds a dominant position in Europe, Latin & Central America, and Asia, with a significant presence in North America, and is continuing its dynamic expansion in Oceania and Africa. INTRALOT’s games library includes more than 400 types of games and variations, such as Numerical Lotteries, Online Games, TV Lottery Games, Sports Lotteries, Fixed-Odds Betting, Instant Lotteries, Pari-mutuel, Video Lottery, Monitor Games and Interactive Games. INTRALOT is the leading partner for those organizations that want to offer a Universal Gaming Experience to their players. Its customers take advantage of the most robust, efficient and versatile Unified Gaming Platform in the industry that seamlessly combines the Retail, Mobile and Home Users, connecting innovative Gaming Verticals and offering an unparallel business support to the organization for optimal customer experience. INTRALOT aims at maintaining its leading position in the lottery industry and in the gaming sector, offering added value to its clients, shareholders and employees. The company continues to make remarkable progress, with the same passion for accomplishing its key targets: dedication to its clients’ satisfaction, and tailoring the design and development of pioneering and result-oriented solutions that meet market demand and the specific needs of its clients. INTRALOT actively engages the global gaming community and contributes decisively to the future development of the industry. It is a member of WLA (World Lottery Association), EL (European Lotteries and Toto Association), NASPL (North American Association of State and Provincial Lotteries), CIBELAE (the Hispanic Association that covers South America and the Iberian Peninsula), APLA (Asia Pacific Lottery Association), and GSA (Gaming Standards Association) and a gold member of AGEM (Association of Gaming Equipment Manufacturers). INTRALOT SA

Contact Details 64, Kifissias Ave. & 3, Premetis Str Athens, 15125 Greece Tel : (+30) 210 615 6000 Fax: (+30) 210 610 6800 Website: www.intralot.com email: info@intralot.com Email: info@pharmathen.com

Diamonds

2011 TURNOVER (in euro)

2012

CHANGE (%)

131.718.000

139.599.000

5,98

6.120.000

6.202.000

1,34

GROSS PROFIT (in euro)

39.841.000

51.363.000

28,92

OWN EQUITY (in euro)

118.563.000

121.272.000

2,28

LIABILITIES (in euro)

PROFIT BEFORE TAXES (in euro)

356.508.000

344.424.000

-3,39

DEBT BURDEN

5,16

6,20

20,15

EQUITY YIELD

36,31

38,46

5,93

DIAMONDS OF THE GREEK ECONOMY 2014

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

SUPER MARKETS Commercial

Crete’s biggest employer with a 900-plus team

Turnover 130.906.218

PROFIT BEFORE TAXES 2.169.565

Halkiadakis SA has been active in the supermarkets sector since 1980. The firm’s founders, the Halkiadakis brothers, managed to introduce a new way of shopping on the island of Crete. Since 1994, the supermarket chain has been a part of the Veropoulos group, a move that ensured a significant comparative advantage in the firm’s pricing policy, while also helping its expansion throughout Crete. In the summer of 2004, the firm became the first supermarket chain to be certified with an ISO 9001:2000 quality standard, as well as an HACCP (Hazard Analysis and Critical Control Points) guarantee for all its operations, the latter provided by the Greek Standardization Organization (ELOT). As part of its environmentally responsible policy, Halkiadakis SA places great emphasis on environmental protection and respect for Cretan biodiversity. For quite some time now, the firm has been implementing a range of recycling systems that include paper, oil, electrical appliances and battery recycling. At present, the firm’s retail chain numbers 38 outlets. The Halkiadakis chain ranks as Crete’s largest employer with over 900 full-time staff members. The firm is a part of the Veropoulos group, which employs approximately 6,000 persons. The firm recently announced a 12-million euro investment for the establishment of a supply chain. In 2010, the firm founded its Halkiadakis Academy, whose objective is to provide specialized training for staff members in their respective domains. In 2012, the firm posted increased total turnover and pretax net profit figures. More specifically, total turnover increased by 2.3% to 130.9 million euro from 128 million euro in 2011. Net pretax profit rose by 27.8% to 2.1 million euro in 2012 from 1.6 million euro in the previous year. CHALKIADAKIS SA 2011

Contact Details 1st Km Gaziou Κrusona Heraclion Crete Τ.Κ. 71500 Tel: +30 2810824140 Fax: +30 2810821495 Website: www.xalkiadakis.gr

Diamonds

TURNOVER (in euro)

2012

CHANGE (%)

128.031.402

130.906.218

2,25

1.698.115

2.169.565

27,76

GROSS PROFIT (in euro)

32.760.047

33.636.713

2,68

OWN EQUITY (in euro)

8.743.340

9.259.238

5,90

LIABILITIES (in euro)

PROFIT BEFORE TAXES (in euro)

48.862.447

46.569.426

-4,69

DEBT BURDEN

19,42

23,43

20,65

EQUITY YIELD

DIAMONDS OF THE GREEK ECONOMY 2014

VOUDOURIS KONSTAS SA FOOD TRADING Commercial

Market leader in meat trade and processing

39,796,930

Turnover 127.260.462

PROFIT BEFORE TAXES 5.454.166

Voudouris – Konstas SA, active in the Greek market since 1971, has managed to become the country’s leader in the trade and processing of fresh and froze meat products. The firm specializes in the trade and processing of beef and pork meat, and applies traceability systems, based on European Union food safety directives. The firm also trades a large number of other products, including poultry, calves, by-products, and cold meats. The company collaborates with large and quality-driven enterprises throughout Europe, including Group Bigard, Group Vion, and Amadori, an approach that ensures top-grade products for consumers. Parallel to this, the company is also supportive of local producers, and conducts business with select livestock farmers nurturing cattle, pork, goat and lamb in various parts of Greece. Voudouris – Konstas SA operates a modern industrial facility measuring approximately 4,000 square meters for boning, processing, and standardizing meat products, fresh and frozen. It employs 260 specialized staff members. The facility includes food technicians and veterinarians who conducted inspections on a weekly basis, covering all stages, from livestock arrival to dispatch. The facility operates two modern production lines, one for standardization and packaging of meat products amid a controlled environment, the other amid a vacuum. The facilities are certified with ISO:22000 standards by the European Inspection and Certification Company. The company supplies products to the largest supermarket chains as well as cold meat manufacturers. Clients include Veropoulos, Galaxias, Carrefour, Masoutis, and Ifantis Nikas. In 2012, the firm posted positive financial results. Its total turnover figure slipped marginally to 127 million euro from 130 million euro. Net pretax profit rose considerably, by 64%, to 5.4 million euro in 2012 from 3.3 million euro a year earlier. VOUDOURIS - KONSTAS SA 2011

Contact Details

TURNOVER (in euro)

21 Pyrgou st, Moschato 18346, Athens, Greece. Tel: +30 2104837370 Fax: +30 2104834890 Website: www.attikameat.gr

PROFIT BEFORE TAXES (in euro)

2012

CHANGE (%)

130.942.094

127.260.462

-2,81

3.322.735

5.454.166

64,15

GROSS PROFIT (in euro)

20.039.939

17.566.384

-12,34

OWN EQUITY (in euro)

19.023.710

24.393.055

28,22

LIABILITIES (in euro)

29.428.259

23.465.172

-20,26

DEBT BURDEN

60,74

49,03

-19,27

EQUITY YIELD

17,47

22,36

28,02

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

BEVERAGE TRADING Commercial

Powerhouse in beverage trade and distribution

Christos Argyrou

Turnover 114.954.650

PROFIT BEFORE TAXES 554.000

KAROULIAS SA, active in the trade and distribution of alcoholic beverages in Greece since the early 1940s, in Athens, was founded by Vlasis Karoulias. The firm recently added a large range of beverages to its portfolio, including coffee, tea, chocolate drinks, and syrups, wine, as well as certain gastronomic products, such as creams, mustard, dried fruit, and vinegar. KAROULIAS SA is the country’s leading distributor and merchant of alcoholic beverages. It has reached exclusive trade and distribution deals for world-famous beverages, including an exclusive deal for the Greek spirit METAXA, a deal with US firm BROWN FORMAN, owner of Jack Daniel’s Tennessee Whiskey, and REMY HELLAS SA, in a distribution deal representing Famous Grouse, Plomari ouzo, Cointreau, and Remy Martin. Moreover, the firm has maintained a long-running deal with the multinational SPI Group, providing it the distribution rights in the Greek market for STOLICHNAYA premium Russian vodka, as well as Stolichnaya ELIT, an ultra-premium vodka. It has also added local representation of VARADERO RUM to its portfolio. The firm also maintains significant deals in the wine sector, leading examples being I. BOUTARIS and SONS, the SAMOS WINERY COOPERATIVES ASSOCIATION, SPYROPOULOS winery, and SIGALAS winery. The firm also reached deals with two more significant Greek wineries, GENTILINI and KATOGI & STROFILIA, in 2007. In 2001, KAROULIAS V.S. SA was acquired by BERRY BROS & RUDD in a deal that provided the buyer with an 100% stake while maintaining the firm’s Greek management. In 2011, the Londonbased firm B.B.&R. withdrew – following the sale of the Cutty Sark brand - from its distribution company in Greece, KAROULIAS V.S. SA, which has since developed into one of the biggest wine and beverage trade and distribution firms in Greece. The firm is led by CEO Hristos Argyrou, who, through the firm IMA SA, acquired B.S.K. and asked B.B.&R managing director Mr. Hugh Sturges to remain with the B.S.K. board and assume its presidential role following the retirement of former president Mr. Tony Easter. In 2012, the firm posted a reduced total turnover figure and an increase in net pretax profit. Sales in 2012 declined to 114 million euro from 123 million euro in 2011. The firm’s net pretax profit figure increased to 554,000 euro in 2012 from 205,000 euro in 2011. W.S. KAROULIAS SA

Contact Details 23rd km Athens-Lamia national highway, Agios Stefanos, Attica 14565 Tel: +30 2108141801 Fax: +30 2108141887 Website: www.karoulias.gr/ Email: info@karoulias.gr

2011 TURNOVER (in euro)

114.954.650

-6,71

205.589

554.000

169,47

GROSS PROFIT (in euro)

18.166.379

17.843.979

-1,77

OWN EQUITY (in euro)

11.040.022

11.286.472

2,20

LIABILITIES (in euro)

40.521.888

36.773.605

-9,25

1,86

4,91

163,97

EQUITY YIELD Diamonds

CHANGE (%)

123.221.708

PROFIT BEFORE TAXES (in euro)

DEBT BURDEN

2012

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

Market leader in biscuits sector

Ioanna Papadopoulou

Turnover 121.009.432

PROFIT BEFORE TAXES 12.527.032

Papadopoulos SA operates four production facilities in Athens, Thessaloniki, Volos and Oinofyta and maintains a central warehouse of finished goods in the Mandra region. All these facilities are certified and operate in accordance with an international quality management standard ISO 9001:2008 and Food Safety ISO 22000:2005, including the study HACCP (Hazard Analysis and Critical Control Points). These systems Quality & Food Safety cover all activities of the Company (Administrative - Production - Trade). The firm, which employs approximately 1,000 persons, is the market leader in the field of biscuits, and holds a prominent position in the field of bread (toasted nuts, Breadsticks, Krispies). In 2012, the firm generated sales of 121 million euro, from 118.5 million a year earlier. Pre-tax profits amounted to 12.5 million euro, from 12.3 million euro in 2011. The aforementioned performance maintained the firm’s leadership in the biscuit manufacturing sector, while the launch of new products aimed at satisfying consumer needs helped to further reinforce the company’s standing. Specifically, the company holds second place in the whole toast sector, while leading the premium toast category. The company remains constantly dedicated to innovation and development. Its pioneering spirit helps thrust it into new product categories. The firm recently made huge impact with its new cereal bar brand, Digestive Bars, the first cereal bar with biscuit. It distributes through three centers in Athens, Thessaloniki and Volos, while distribution for the rest of the country is carried out through a network of local partners. A total of 200 vendors and merchandisers supply the market on a daily basis, while almost all of the wholesalers are involved in the confectionery industry, thus ensuring wide distribution of the company’s products. Apart from the Greek market, Papadopoulou products are available in more than forty countries on five continents. The southeastern Europe region, including Cyprus, is a strategic development priority. The company has received numerous awards at Greek and international trade fairs. For some 90 years now, Papadopoulos SA has held a special place in the hearts of Greeks, offering quality products with high nutritional value. PAPADOPOULOS Ε.Ι. SA 2011

Contact Details Petrou Ralli Ave. 26, Athens 118 10 Tel: +30 210 3482000 Fax: +30 210 3421225 Website: www.papadopoulou.gr Email: info@papadopoulou.gr

TURNOVER (in euro)

2012

CHANGE (%)

118.494.009

121.009.432

2,12

PROFIT BEFORE TAXES (in euro)

12.301.846

12.527.032

1,83

GROSS PROFIT (in euro)

59.595.793

59.440.668

-0,26

OWN EQUITY (in euro)

76.733.888

81.045.973

5,62

LIABILITIES (in euro)

84.956.210

83.614.660

-1,58

DEBT BURDEN

52,54

50,78

-3,35

EQUITY YIELD

16,03

15,46

-3,59

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

Strategic associate of 150 multinationals in four continents

Turnover 120.931.814

PROFIT BEFORE TAXES 9.333.618

A recent agreement by pharmaceutical firm Famar to extend its contract with GlaxoSmithKline Consumer comes as confirmation of the firm’s powerful position in Greece, the wider region, and internationally. The agreement, a four-year deal valued at 2.2 million euro, concerns the production of four additional over-the-counter GSK pharmaceuticals by Famar. Some 4.5 million units of these four products are expected to be produced annually, while 98% of the resulting output will be exported to 32 countries. GSK is one of 150 firms associated with Famar, whose basic role entails producing products for other firms, mostly multinationals. The Greek pharmaceutical producer makes about 5,000 different products for over 120 foreign markets. The Greek firm Famar, controlled by the Marinopoulos group, was founded in 1949 and operates production facilities in five European countries. Its headquarters in Greece are located in Alimo, seaside southern Athens, while the firm’s domestic production takes place at its state-of-theart facility in Avlona, 50 kilometers north of central Athens. A series of dynamic initiatives taken throughout the 1990s elevated Famar’s position as one of the leading Greek firms. This positive run began with the acquisition of the Ciba-Geighy production plant in Anthousa, on the northern outskirts of Athens, some 15 kilometers from the city center, in 1990. Three years later, Famar purchased another plant from the firm Pfizer, in Avlona. This was followed by the incorporation of production activities with a Sandoz plant and the acquisition, in 1999, of a plant from Roche in the Dutch city Bladel. In 2000, the firm acquired a SmithKline Beecham production facility in Italy. The year 2001 was marked by Famar’s expansion into the French market, where the firm purchased a plant equipped to manufacture solid and liquid pharmaceuticals from Novartis, as well as another facility for solid pharmaceuticals from Aventis Phrama. The following year, Famar purchased a distribution center from Sephora in Boigny-sur-Bionne, northcentral France. In 2004, the Greek entrepreneurial group acquired yet another production plant in France, a facility for solid and liquid pharmaceuticals, from Aventis. In 2007, Famar bought an industrial production plant from Abbott, and added to its acquisitions two years later with the purchase of a liquid and semi-solid pharmaceuticals plant from Johnson & Johnson. Famar’s European presence was also established in Spain, in 2011, with the purchase of a plant in Madrid from the Sanofi firm. Overall, Famar exports 70% of its total production, while the firm’s eleven production plants - four in Greece and seven abroad, in France, Italy, the Netherlands, and Spain - have established the firm as Europe’s third largest independent pharmaceutical firm, and fifth largest worldwide, as a producer of pharmaceuticals for 150 multinational firms. Consolidated sales in 2012 amounted to 440 million euro and are forecast to reach 425 million euro in 2013. In 2012, the Greek parent company managed to post a significant rise in profits, the figure reaching 6.7 million euro, despite a slight decline in revenues and stagnant gross profit. Famar’s total turnover amounted to 120.9 million euro in 2012 form 123.9 million euro in 2011, while earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 15.7 million euro from 9.2 million euro for the respective periods. Net profit increased to 6.7 million euro in 2012 from 1.2 million euro in 2011. FAMAR 2011

Contact Details Ag. Demetriou Str.63, Alimos 174 56 Tel.: +30 2109898500 Fax: +30 2109888800 Website: http://www.famar.gr/ E-mail: info@famar.eu

Diamonds

TURNOVER (in euro)

2012

CHANGE (%)

123.915.454

120.931.814

-2,41

2.769.266

9.333.618

237,04

GROSS PROFIT (in euro)

42.492.262

45.777.551

7,73

OWN EQUITY (in euro)

33.423.296

37.776.505

13,02

LIABILITIES (in euro)

PROFIT BEFORE TAXES (in euro)

71.191.693

78.932.524

10,87

DEBT BURDEN

68,05

67,63

-0,62

EQUITY YIELD

8,29

24,71

198,20

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD TRADING Commercial

Turnover 120.349.351

PROFIT BEFORE TAXES 4.748.174

KALLAS – PAPADOPOULOS SA The company is backed by a 47-year presence in the field of food trading, passing raw materials from the producer to the rest of the food industry and the consumer, import activity and trade of raw materials for confectionery and dairy products, chocolate, biscuit, and cold-cut production, as well as mass catering. Amid all this activity, the company makes its mark, searching, monitoring, broadening its knowledge base, innovating and providing customers with complete supply services that encompass the finer details of products represented and distributed to the Greek market. Investments made over the past 12 years have taken the firm to the top of the Greek market, while also establishing it as one of the food industry’s leading companies in the Balkans. The firm has passed on its experience from one generation to another, while also gaining from the enrichment provided by newer and highly skilled members of staff. The online connection of the firm’s import, quality-control, logistics, sales, export, distribution, and after-sales departments with all branches assures full control over any issues that may arise. The firm is renowned for its sense of responsibility, as well as protection and maintenance of quality standards. Its quality-control department was established in 1989, offering loyalty to its customers for all activities undertaken by the firm. In October, 2001, the firm began implementing hazard-analysis procedures and critical control points (HACCP), based on the ELOT Greek standard 1416:2000, which, in 2007, was upgraded based on the ISO 22000:2005 standard. Furthermore, also in October, 2001, the company certified its business according to the ISO 9002:2004 standard, which was upgraded based on the ISO 9001:2000 standard in 2003. The company is also certified for organic product trading. The sales department at KALLAS operates as a bond between customers and the company, thus making an invaluable contribution to its development. The firm’s accumulated knowledge at managerial level helps it keep abreast with the latest news and developments in the Greek and international markets, guaranteeing ideal solutions and suggestions aimed at to meeting customer needs. Company executives maintain close and constant touch customers in order to inform and satisfy, thereby building strong relationships and a feeling of security. The reward and, at the same time, incentive to intensify their efforts, comes from making customers feel more like “partners” than just customers. Responding to increased demand of company products in the eastern Mediterranean and Balkan regions, Kallas-Papadopoulos established an exports department staffed by skilled and experienced executives. This department covers the needs of customers in Albania, Bulgaria Cyprus, F.Y.R.O.M., Romania, and Poland, with continuous visits to these countries by company executives, the aim being to gain an in-DEBTh understanding of specific characteristics in these markets. The company’s subsidiary firm C. DUCAL Srl stands as the beginning of the establishment of more subsidiaries in the Balkan area. During 2013, Kallas-Papadopoulos announced a 5.1% increase in total turnover, from 114.5 million euro in 2011 to 120.3 million euro in 2012. Its total profits rose by 39.2%, from 3.4 million euro in 2011 to 4.7 million euro in 2012. KALLAS PAPADOPOULOS SA

Contact Details 13 Phil. Damianou Str. 136 71 Acharnes, Athens, Greece TEL.: +30 2102401830 FAX: +30 2102401833 Website: http://www.kallas-pap.com/ mail: info@kallas-pap.com

2011 TURNOVER (in euro)

2012

CHANGE (%)

114.499.650

120.349.351

5,11

3.410.076

4.748.174

39,24

GROSS PROFIT (in euro)

10.971.362

13.029.302

18,76

OWN EQUITY (in euro)

17.710.102

22.402.490

26,50

LIABILITIES (in euro)

PROFIT BEFORE TAXES (in euro)

56.271.457

39.064.657

-30,58

DEBT BURDEN

76,06

63,55

-16,44

EQUITY YIELD

19,25

21,19

10,07

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

COSMETICS Commercial

Beauty products leader for decades

Turnover 118.947.135

PROFIT BEFORE TAXES 7.671.854

The L’Oreal firm is one of the most renowned firms in the field of beauty products, holding a dominant market position in 130 countries, including Greece. Over its long-running course, now nearly 100 years old, the firm has established itself as the number one cosmetics firm worldwide. The corporate group’s strategy is based on one fundamental principle - innovation and supply of optimalquality products, at the best possible price, to the greatest number of customers. The company philosophy hails from the research conducted at the firm’s laboratories and the firm’s desire to make its professional knowhow affordable for all. The firm is the undisputed leader for the cosmetics sector’s widely distributed products through a large range of popular products. In more recent years, the firm’s market share has been established at over 25%. The multination firm’s products first emerged in Greece in the 1930s. In 1970, the French group decided to form a Greek subsidiary firm for L’Oreal in Greece. At the time, the country was experiencing a social evolution that brought about the rise of a new urban class and, naturally, consumer trend changes, all of which was prompted by the country’s growing urbanization. At the time, the multinational firm invested in a new production facility in Greece. It was launched in 1971 as a state-of-the-art facility, for its time, and continued operating until 1999, when it was destroyed by a major earthquake that struck Athens. These days, the firm’s Greek subsidiary, L’Oreal Hellas, supplies cosmetic products through four distinct channels that cater to hair salons and pharmacies, while also distributing selectively and on a wider scale. The subsidiary’s logistics center, in Avlona, on the northern outskirts of Athens, is a 13,000-square meter facility that serves a total of 10,500 customers and 190,000 orders annually, while offering 13,000 product codes. In 2012, the subsidiary firm’s total turnover figure slipped to 119 million euro from 127.9 million euro in 2011, while pretax profit fell to 7.7 million euro from 11.4 million euro a year earlier. The parent company injected 4 million euro of capital support into its L’Oreal Hellas subsidiary in 2012. L’Oreal’s origins date back to 1909 when a young chemical engineer and inventor named Eugene Scheuller came up with the unusual idea of creating the world’s first synthetic hair dye. By the 1920s, L’Oreal was present in 17 countries. In 1957, Scheuller, the company founder, passed away and his appointed successor, Francois Dale, led the company to global dominance over the next 35 years. Besides expanding the company’s geographical reach, Dale added a range of prominent brandname products of international renown to the company’s total offering. They included Lancôme, Garnier, Biotherm, Gemey make-up, Helena Rubinstein, and La-Roche-Posay. These additions to the company’s product portfolio took L’Oreal from being a hair expert to a firm that also offered expertise in the skin-care domain, leading to strategic investments in research for anti-ageing products. Nowadays, the multinational group distributes its products to 130 countries through 300 subsidiary firms that operate 40 industrial plants worldwide and employ 72,600 persons. In 2012, the multinational firm posted a total turnover figure of 22.4 billion euro, up 10.12% year-onyear, and a profit figure of 2.9 billion euro, up 17.6% compared to the previous year’s result. L' OREAL HELLAS

Contact Details Εthnikis Antistaseos 39Α Ν. Ionia 14234 Athens, Greece Tel: 2106188500 Fax: 2106108212 Website: http://www.lorealparis.gr

Diamonds

2011 TURNOVER (in euro)

2012

CHANGE (%)

127.896.260

118.947.135

-7,00

PROFIT BEFORE TAXES (in euro)

11.444.292

7.671.854

-32,96

GROSS PROFIT (in euro)

99.336.701

91.425.392

-7,96

OWN EQUITY (in euro)

8.380.883

11.738.262

40,06

LIABILITIES (in euro)

44.484.087

32.446.613

-27,06

DEBT BURDEN

84,15

73,43

-12,73

EQUITY YIELD

136,55

65,36

-52,14

DIAMONDS OF THE GREEK ECONOMY 2014

GAS Industrial

serving over one million clients

Turnover 117.328.000

PROFIT BEFORE TAXES 2.259.000

Coral Gas SA emerged following MOTOR OIL (HELLAS) CORINTH REFINERIES SA’s acquisition of SHELL’s downstream commercial activities in Greece in the summer of 2010. The acquisition entailed a transfer of all Shell Hellas SA and Shell Gas SA shares to MOTOR OIL (HELLAS) CORINTH REFINERIES SA. It was decided, at a shareholders meeting prior to the deal’s finalization, to rename Shell Gas SA as Coral Gas SA. Now integrated into the Motor Oil group, Coral Gas, a venture that employs 95 persons, carries new company signs, which has contributed to its new company image. Through three facilities, in Athens, Thessaloniki and Ioannina, Coral Gas SA serves over one million clients, supplying liquid gas with safety and reliability for various uses, including domestic, professional, vehicles, as an alternative form of fuel that is more affordable and eco-friendly, and other innovative products and services, such as new gas bottles equipped with Flow Limiter Valve’s for maximum safety. In 2012, the firm proceeded with an extensive investment plan focused on increasing the use of liquid gas use as a fuel for vehicles, as well as for heating by consumers located in areas that are far away from existing gas pipeline infrastructure. Indicative of the investment plan’s progress, liquid gas stations were virtually doubled from 50 in 2011 to 99 in December, 2102. The addition continued in 2013, taking the total number of liquid gas stations to 137. Other company plans include continuation and completion of a modernization program at the firm’s facilities in Aspropyrgos, on the western outskirts of Athens, the objective being to improve and boost productivity. The firm also plans to complete a program entailing inspection and recertification of old gas bottles. The company’s total turnover rose to 23,203,154, a 24.65% rise compared to the previous year. The result was mainly attributed to the increased quantity of liquid gas traded by the firm in 2012 compared to 2011, as well as the price increase of gas products due to a tax rise imposed. Coral’s trade of liquid gas in 2013 rose by 11.27% to 110,403,017 tons from 99,223,147 a year earlier. CORAL GAS SA 2011 TURNOVER (in euro)

2012

CHANGE (%)

94.125.000

117.328.000

24,65

2.910.000

2.259.000

-22,37

Contact Details

PROFIT BEFORE TAXES (in euro)

26-28 Georgiou Averof, 14232, Perissos, Athens, Greece Tel: +30 210 9491000 Website: www.coralgas.gr

GROSS PROFIT (in euro)

15.421.000

15.898.000

3,09

OWN EQUITY (in euro)

18.868.000

20.428.000

8,27

LIABILITIES (in euro)

17.677.000

19.240.000

8,84

DEBT BURDEN

48,37

48,50

0,27

EQUITY YIELD

15,42

11,06

-28,30

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS DETERGENTS Industrial

Increasing the number of employees in the downturn

Theodoros Trifon

Turnover 115.332.649

PROFIT BEFORE TAXES 4.272.774

ELPEN is the leading Greek Pharmaceutical Company. It has been manufacturing effective and safe branded generic and original drugs for 50 years. To date it has marketed 200 million pharmaceutical products to Greece and other countries. ELPEN Group currently employs 840 staff (of which ELPEN employs 627). It has a turnover of €168.9 million (2012) and ranks #7 among 300 pharmaceuticals operating in Greece (IMS 2013). At its state-of-the-art, privately owned facilities (10,000 sqm) in Pikermi, Attica, ELPEN specializes in Research & Development, manufacture, distribution and marketing of pharmaceutical products. ELPEN has a highly diverse portfolio in all major therapeutic areas (Respiratory Medicine, Cardiology, Central Nervous System, Antibiotics, Iron). Closely following the global pharmaceutical market for some time, it constantly seeks to introduce new reliable drugs into the market. ELPEN has embarked on a firm 3-year investment plan to upgrade and expand its quality control and manufacture facilities. It also places emphasis on the completion of spaces dedicated to the manufacture of respiratory drugs, special liquid dosage forms and lyophilisates. ELPEN has also a truly dynamic investment plan for research, which mainly involves the Experimental & Research Center in Pikermi, the largest private research center in Greece. Meanwhile, currently underway is an extensive program of clinical studies in respiratory medicine, innovative dosage forms and new ways to administer drugs. ELPEN became the first pharmaceutical company in the world to receive marketing authorizations in Europe for its fluticasone/salmeterol pharmaceutical substance combination: the powder is inhaled in doses using Elpenhaler®. This innovative proprietary device was invented by the Chairman of ELPEN, Mr Dimitrios Pentafrangas, and is patented in no less than 100 countries. Rolenium, a drug by ELPEN administered through Elpenhaler® for the treatment of asthma and Chronic Obstructive Pulmonary Disease, paved the way for ELPEN PHARMA GmbH, ELPEN’s subsidiary in Germany. The innovative Elpenhaler® device brings the company a comparative advantage in marketing Rolenium. Exporting 30 pharmaceutical products of high quality and therapeutic value in excess of €20 million and actively operating in 27 European countries and 60 countries worldwide, ELPEN cares for people in every corner of the planet: Europe, Africa, Asia, even Oceania! In these hard times for Greece, ELPEN Group still manages to provide 840 jobs in Greece. In fact, in recent months it has hired new staff in vital areas. It also remains independent, relying exclusively on its own resources. ELPEN PHARMACEUTICAL INDUSTRY SA 2011

Contact Details Marathonos Avenue 95, 190 09 Pikermi Attica, Hellas Tel: +30 210 60 393 26-9 Fax: +30 210 60 393 00 E-mail: info@elpen.gr

Diamonds

TURNOVER (in euro)

2012

CHANGE (%)

113.215.533

115.332.649

1,87

5.489.373

4.272.774

-22,16

GROSS PROFIT (in euro)

48.962.376

54.318.714

10,94

OWN EQUITY (in euro)

40.664.303

40.052.196

-1,51

LIABILITIES (in euro)

87.823.172

97.815.712

11,38

DEBT BURDEN

68,35

70,95

3,80

EQUITY YIELD

13,50

10,67

-20,97

PROFIT BEFORE TAXES (in euro)

DIAMONDS OF THE GREEK ECONOMY 2014

SUPER MARKETS Commercial

Guided by private and own label

Turnover 113.675.078

PROFIT BEFORE TAXES 504.207

Bazaar SA outlets, owned by the Verouka group of companies, stand as a force to be reckoned with in the supermarket sector. The chain is comprised of 54 outlets throughout Greece, 37 of these in the wider Athens region, 9 in Thessaloniki, one in Chalkidiki, northern Greece, three on the Greek island of Samos, and two in the Dodecanese prefecture. Bazaar outlets belong to two categories. The first of these, convenience stores, are intended to cover shopping needs of customers within a 500-meter radius around each store. Most of these do not offer parking facilities, while the average shopping frequency and spending rates per customer are 1.8 times per week and 9.5 euro, respectively. The second category, soft-discount, offers customers 700 private and own label products and 300 first-price codes, covering all product categories. This marketing model is complemented by fresh-product sections such as meat, cheese, cold meats, and fruit & vegetables under the shop-in-shop name “deli-bazaar” as well as the bakery section named “Kalimera!” Parallel to this, Bazaar SA has also established Cash & Carry stores with the objective of fully covering professional needs in mass catering and retail. Bazaar Cash & Carry has been successful in catering to the needs of mini markets, super markets, groceries, small-scale retail outlets, grills, restaurants, cafes, bars, bottle shops, as well as large mass catering enterprises such as hotel chains and restaurants. Bazaar Cash & Carry’s clientele number some 6,500 customers. Despite the unfavorable economic conditions in Greece, the firm recently further bolstered its presence on Crete by absorbing outlets operated by retail competitor Harma. Three of the latter’s ten outlets in Heraklion, Crete, were acquired by the Verouka group. According to its 2012 balance sheet, the firm achieved a rise in sales but a decrease in pretax net profit. In 2011, company sales amounted to 108 million euro. The figure increased by 4% in 2012 to 113 million euro. As for net pretax profit, the figure declined by 31%, from 734 million euro in 2011 to 504 million euro in 2012. BAZAAR SA 2011

Contact Details 8 Pireos st, Moschato, 18346, Athens Τel: 210 48.27.501 Fax: 210 4810332 Site: www.bazaarsm.gr

TURNOVER (in euro)

2012

CHANGE (%)

108.864.607

113.675.078

4,42

734.617

504.207

-31,36

GROSS PROFIT (in euro)

22.871.582

23.817.087

4,13

OWN EQUITY (in euro)

1.817.076

2.097.349

15,42

LIABILITIES (in euro)

PROFIT BEFORE TAXES (in euro)

43.272.846

38.433.555

-11,18

DEBT BURDEN

95,97

94,83

-1,19

EQUITY YIELD

40,43

24,04

-40,54

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

PLASTICS Industrial

PLASTIKA KRITIS

Turnover 113.042.000

PROFIT BEFORE TAXES 12.267.000

PLASTIKA KRITIS was established in 1970. It is one of the largest Greek plastics manufacturers and one of the leading European producers of masterbatches and agricultural films. Production of masterbatches began in 1980. Commitment to quality, technological innovation, cost competitiveness, flexibility and responsiveness to customers’ requirements, have enabled PLASTIKA KRITIS to become an outstanding masterbatch supplier, with over 50 % of its production exported to 50 countries around the world. The company’s manufacturing facility in Iraklion, Crete is among the most modern in its fields of activity. A second facility near Athens is dedicated to production of filler masterbatches and garden furniture compounds. As part of its strategy of sustainable international presence, and in order to provide fast and localized service to developing regions, “PLASTIKA KRITIS” is investing in modern masterbatch production facilities in selected countries, the first of which were Romania (1997), Poland (2001), Turkey (2001) and Russia (2006). All plants share the group’s technology, know-how, quality standards, economies of scale, product range, and new developments, under the name “GLOBAL COLORS”. It has been listed in the Athens Stock Exchange since May 1999. The company specialises in the production of: • KRITILEN® masterbatches & compounds • KRITIFIL® multilayer plastic films for agricultural applications • KRITIFLEX® geomembranes • KRITISOL® polyethylene pipes • KRITISAN® recycled plastics • KRITIRES® renewable energy It products serve the horticultural and agricultural markets, plastics industry and projects related to water-management and environmental protection. PLASTIKA KRITIS also owns and operates a 12 MW Wind Park and 340 KW of Photovoltaic Stations in Greece, producing electricity that secures for the company the most competitive source of energy. PLASTIKA KRITIS SA

Contact Details Iraklion - Crete711 10 GREECE P.O.Box 1093 Tel: +30 2810 308500 Fax: +30 2810 381328 website: http://www.plastikakritis.com/ Mail:info@plastikakritis.com

Diamonds

2011 TURNOVER (in euro)

2012

CHANGE (%)

106.047.000

113.042.000

6,60

PROFIT BEFORE TAXES (in euro)

11.706.000

12.267.000

4,79

GROSS PROFIT (in euro)

22.227.000

23.904.000

7,54

OWN EQUITY (in euro)

108.474.000

117.344.000

8,18

LIABILITIES (in euro)

35.883.000

21.606.000

-39,79

DEBT BURDEN

24,86

15,55

-37,44

EQUITY YIELD

10,79

10,45

-3,13

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD TRADING Commercial

Floridis meat trading and industrial company

Turnover 108.446.775

PROFIT BEFORE TAXES 1.322.566

Brothers Haralabos and Ioannis Floridis began their successful business course in the meat processing sector in 1980, taking over the family business that had been headed by their father since 1953. The duo swiftly established the firm as one of the leading enterprises in the sector and, in 2000, launched an updated company, Floridis AEBEK, at an ultra-modern, company-owned meat processing and packaging facility. Investments in the firmâ&#x20AC;&#x2122;s production facilities and well-trained personnel, numbering 285 persons, have played a significant role in the companyâ&#x20AC;&#x2122;s continual growth. In 2010, the firm launched a new company-owned, 10,500-square meter production facility next to the main entrance of the meat market in Renti, a district close to the Athenian port suburb of Piraeus. This production plant is equipped with ultra-modern facilities and has a storage capacity of 2,500 tons. The firm also owns a modern fleet of refrigerator trucks. The production facility is equipped with 2,000 cubic meters of refrigerated booths for fresh and frozen meat products, two latest-generation fast-freeze units, as well as 4,000 square meters of air-conditioned production and transportation space. All in all, the factory is a model example and was designed in accordance with the most advanced systems. Floridis AEBEK operates with a high level of environmental principles, including in the domains of waste management and paper recycling. The firm actively relays environmental messages through cleaning and tree-planting initiatives, in conjunction with the General Secretariat for Youth, a governmental institution for youth policies, and its Institute for Youth division. The company also offers support to underprivileged social groups, foundations, churches, and schools. Company clients include big players in the Greek market such as the supermarket chains AB, Carrefour Marinopoulos, Lidl Hellas, and Metro, a series of major public-sector hospitals, as well as hotels, examples being the Hilton, Asteras, and Grand Resort. Other clients include Sports-Village Athitaki, Ranch, Typet, the Development Ministry, and the Athens Municipality. In 2012, the company posted a drop in both sales and pretax profit. Sales fell to 108,446,775 euro in 2012 from 115,495,388 a year earlier, a 6% decline. Pretax profit fell to 1,332,566 euro in 2012 from 1,509,758 in 2011, a 12.4% year-on-year fall. FLORIDIS SA

Contact Details Pirgou & Prespas Moschato 183 46 Tel: +30 210 4839200 Fax: +30 210 4839206 Website: http://www.floridis.com.gr E-mail: info@floridissa.gr

2011 TURNOVER (in euro)

2012

CHANGE (%)

115.495.388

108.446.775

-6,10

1.509.758

1.322.566

-12,40

GROSS PROFIT (in euro)

22.264.787

19.723.594

-11,41

OWN EQUITY (in euro)

26.231.424

28.019.004

6,81

LIABILITIES (in euro)

PROFIT BEFORE TAXES (in euro)

49.317.382

42.003.539

-14,83

DEBT BURDEN

65,28

59,99

-8,11

EQUITY YIELD

5,76

4,72

-17,99

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD TRADING Commercial

Remaining wealthy, despite market shrinkage and heavy competition

Turnover 107.764.626

PROFIT BEFORE TAXES 5.458.890

One of Greece’s leading companies in the food sector, OPTIMA started out in 1974, as an importer of German food brands – Kaiser canned meat and Adoro dairy & cheese products – to the Greek market. It was the brainchild of a couple – Ourania Panteliadi and Pantelis Panteliadis – who established the firm and ran the operation with a small team from an office in a building in downtown Athens. Five years later, in 1979, OPTIMA began its association with Kerrygold and the Irish Dairy Board; in 1983 it was ready to move to new, spacious facilities in the area of Metamorphosis that included a warehouse. The move coincided with a change in the company’s legal status, from Ltd to SA. In 1994, Optima acquired the exclusive distribution rights for dairy firm Epirus’ products in Greece and in 1997, it bought out the production facility in Arta. In 2008, the company’s distribution center was relocated to Oinofyta, occupying an ultra-modern space of approx. 4,000 sq.m. OPTIMA also operates a distribution center in Northern Greece (Thessaloniki), as well as sales offices in in Heraklion/ Crete and Ioannina (Northwestern Greece). OPTIMA S.A. imports, distributes and markets three very popular cheese & diary brands: Kerrygold, Dirollo and Adoro. Kerrygold Regato Classic is distributed to virtually all cheese-retailers countrywide and in the three and a half decades since its launch, it has become a favorite with the Greek consumer, creating an entirely new category in the cheese market, the regato category. OPTIMA also produces Epiros cheese products – sheep & goats’ milk cheeses and butter – at its stateof-the-art manufacturing plant in Ammotopos, Arta, in the Epirus region of Greece. Its portfolio makes OPTIMA a leader in the cheese sector in Greece; the company is also an important exporter of Greek cheese – Epiros brand – to markets around the world. Optima SA sales in 2013 reached 105 ml euros and gross profit 13 ml euros, which demonstrates a very healthy company despite market shrinkage and heavy competition. It is worth noting that Optima retained a very healthy profitability throughout the economic crisis in Greece, taking advantage of its very strong balance sheet. OPTIMA SA 2011 TURNOVER (in euro)

2012

CHANGE (%)

110.166.593

107.764.626

-2,18

4.550.806

5.458.890

19,95

Contact Details

PROFIT BEFORE TAXES (in euro)

Sorou 1, 14451 Metamorfosi Attica, Tel: 210 2893400, Fax: 210 2845937

GROSS PROFIT (in euro)

18.295.498

18.659.087

1,99

OWN EQUITY (in euro)

20.576.227

25.312.986

23,02

LIABILITIES (in euro)

Diamonds

22.595.019

15.546.453

-31,20

DEBT BURDEN

52,34

38,05

-27,30

EQUITY YIELD

22,12

21,57

-2,49

DIAMONDS OF THE GREEK ECONOMY 2014

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

ION SA COCOA & CHOCOLATE PRODUCTION AND TRADE

Turnover 97.731.615

PROFIT BEFORE TAXES 1.233.510

Formed some 80 years ago, chocolate and cocoa firm Ion remains an in-demand powerhouse in the foods sector. The enterprise is backed by a strong financial standing and some of the most renowned and popular chocolate and confectionery products. Mr. Yiannis Kotsiopoulos, a niece of the founder, and Mr. Giorgos Karkazis, a relative and, above all, friend, have headed the firm since the early 50s. Its dominance as an independent firm has steered the firm well clear of any partnership needs. The firm was established in the 1930s when a group of friends in the capital’s seaside Neo Faliro district decided to become involved in chocolate production. They founded Ion and set up a production facility on one of the city’s main roads, Pireos st. These days, Ion operates three production facilities, including at its Faliro headquarters. It also runs a production facility in Arta, northwestern Greece, where the firm produces its chocolate wafer products, as well as a unit for croissant production. The company’s entire product range is produced locally, by some 1,000 local employees, while all ingredients used in the production progress are local. The firm’s most popular product is its chocolate bar with almonds, an iconic Greek food product that has been marketed with great success over the past 67 years. The firm’s product rage has widened over the years. Ion produces a variety of dark chocolate and milk chocolate bars, chocolate beverages, wafers, candy bars, as well as various confectionery products. The firm has widened its commercial reach beyond Greece with exports to North America, east and west Europe, Middle East, China, Japan, and Australia. Though the firm’s heads are now both into their eighties, they have maintained active roles in the enterprise’s running. The two men, who are at their offices daily, from morning until afternoon, have maintained strong promotional capabilities. The company’s advertising campaigns of the mid 50s, hascent years for Greece’s advertising sector, are legendary. The firm ranks as one of Greece’s 20 biggest industrial firms. In 2012, the firm posted profits of 1,233,509 euro from 1,475,413 euro in 2011. Sales in 2012 reached 97,731,614 euro from 101,195,897 euro a year earlier. ION SA 2011 TURNOVER (in euro)

2012

CHANGE (%)

101.195.897

97.731.615

-3,42

1.475.413

1.233.510

-16,40

Contact Details

PROFIT BEFORE TAXES (in euro)

69 El. Venizelou, Neo Faliro, 185 47 Piraeus, Tel: +30 210 4814971 Fax: +30 210 4838560

GROSS PROFIT (in euro)

34.793.482

35.205.716

1,18

OWN EQUITY (in euro)

47.191.479

50.869.196

7,79

LIABILITIES (in euro)

Diamonds

74.721.818

76.699.555

2,65

DEBT BURDEN

61,29

60,12

-1,90

EQUITY YIELD

3,13

2,42

-22,44

DIAMONDS OF THE GREEK ECONOMY 2014

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

CHEMICALS Commercial

Sales and profit increases for Yara Hellas in 2012

TURNOVER 97.295.945

PROFIT BEFORE TAXES 4.221.258

Capitalizing on the domestic fertilizer industry’s anemic state, the Norwegian-backed firm Yara Hellas, an importer and supplier of fertilizers, posted a significant rise in sales, as well as increased profits, in 2012. According to the firm’s balance sheet, Yara Hellas’s revenues rose to 97.3 million euro in 2012 from 72.37 million euro in the previous year, a 34.4% increase. The firm posted a pretax profit of 4.22 million euro in 2012, up 11% from 2011’s figure of 3.8 million euro. Following the tax deduction, net profit in 2012 amounted to 3.27 million euro, a 10.5% increase from the 2.96 million after-tax profit figure posted in 2011. Yara Hellas SA was established in Athens late in 1997 as a subsidiary firm of Yara International, an enterprise hailing from the 108-year old Norwegian corporate giant Norsk Hydro, a producer of agricultural chemicals and other products. The subsidiary firm is active in the wholesale trade of fertilizers and agrochemical products. Having developed a thorough approach for the nurturing and fertilization of cultivation, and offering a range of products as well as a series of support systems, Yara Hellas - led by general manager Francesco Caterini - offers unrivalled customer service. The word Yara conjures up positive impressions wherever the firm is active around the world. In the language of the Vikings, the word “jardar” implied a connection with the land – farming, fertility, and rich harvest. The starting letter “y” was chosen when forming Yara’s company name to make easier its pronunciation in most languages, and, moreover, to provide a closer connection with the word “yield”, the main concern in this business sector. At the beginning of the previous century, Yara invented nitrogenous fertilizer, prompting a revolution in farming. These days, Yara is a global company with particular strength in mineral fertilizers and industrial solutions, such as chemicals and sprays. Yara’s century-long experience has led the firm to the strong position it holds today, established as a leader in an industrial sector that is crucial in the nutrition of people around the world. YARA HELLAS SA

Contact Details 143, Syngrou Avenue 171 21 Nea Smyrni Athens, Greece Tel: +30 2109370355 Fax: +30 2109370357 Website: http://www.yara.com

Diamonds

TURNOVER (in euro)

2011

2012

CHANGE (%)

72.371.398

97.295.945

34,44

PROFIT BEFORE TAXES (in euro)

3.802.126

4.221.258

11,02

GROSS PROFIT (in euro)

8.010.046

8.645.575

7,93

OWN EQUITY (in euro)

13.909.232

17.182.214

23,53

LIABILITIES (in euro)

26.856.987

10.628.349

-60,43

DEBT BURDEN

65,88

38,22

-41,99

EQUITY YIELD

27,34

24,57

-10,12

DIAMONDS OF THE GREEK ECONOMY 2014

PLASTICS - ELASTICS Industrial

Supplying the world’s largest mines

39,796,930

TURNOVER 89.463.125

PROFIT BEFORE TAXES 14.530.669

ContiTech IMAS SA was established in 1972 in Volos, eastern mainland Greece with the objective of serving Greece’s energy sector and the public power corporation, DEI. Since then, and based on the strength of a series of investments, the firm has managed to greatly increase its production capacity. In 2007, it added a new production line to its operations. ContiTech IMAS SA is a member of the Continental/ContiTech group. It is active in the domain of conveyor belt production, either made of wire ropes or linen, for specialized applications, as well as production of a wide range of applications in various industries, as well as production of various other rubber accessories. The firm’s production facilities are located in Volos’s industrial zone, where a total of some 300 persons are employed at two plants, Imas and Syrma. Imas exports between 70 and 75 percent of its production to the international market, including Australia, Chile, UK and USA, for firms active in metal mining, while, in Greece, the lignite mining division of the public power corporation, DEI, is the firm’s main domestic client. Ranked as the Magnesia prefecture’s most profitable industrial operation for many years, the firm experienced a 2.4% contraction in its 2013 gross profit margin, to 24.7% from 27.1% a year earlier, and 20% in 2011. As a result, gross profit in 2013 dropped to 17.58 million euro from 24.24 million in 2012, a 27.5% decline. Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to 10.76 million euro, a 30.1% decline, while earnings before interest and taxes (EBIT) also fell, by 35.3%, to 9.45 million euro. Finally, the firm posted pretax profit of 9.35 million euro in 2013, down from 14.53 million euro in 2012, a 35.6% drop. The figure for 2011 was 10.6 million euro. The firm’s 2013 pretax profit performance represented 13.1% of revenues, while the equivalent figure for 2012 was 16.2%. Net profit after taxes was 7.02 million euro in 2013 compared to 11.53 million euro in 2012, a 39.1% decline. The figure was 10.9 million euro in 2011. Net profit after taxes represented 13.4% of average OWN EQUITY in 2013 and 22.3% in 2012. Taxation costs for 2013 and 2012 were 2.33 million euro and three million euro, respectively. Contact details: IMAS CONVEYOR BELTS 2011

2012

CHANGE (%)

TURNOVER (in euro)

83.291.591

89.463.125

7,41

Contact Details

PROFIT BEFORE TAXES (in euro)

10.597.743

14.530.669

37,11

Volos Industrial Area Greece - 38500 Tel: +30 2421096500 Fax: +30 2421096590 http://www.imas-conveyors.com/

GROSS PROFIT (in euro)

16.704.565

24.242.529

45,13

OWN EQUITY (in euro)

54.371.762

49.032.814

-9,82

LIABILITIES (in euro)

17.894.934

22.745.210

27,10

DEBT BURDEN

24,76

31,69

27,97

EQUITY YIELD

19,49

29,63

52,04

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

Electrical Equipment Commercial

Operates with environmental respect and responsibility

Nikos Kafkas

Turnover 82.469.579

PROFIT BEFORE TAXES 4.004.245

Contact Details 1st Km Markopoulou Av. 19002, Peania, Greece Tel: +302163003000 Fax: +302163003100 Website: www.kafkas.gr

V.KAFKAS SA is the top selling Greek company in the field of electrical equipment and lighting with sales of 86.11 million euros in 2013. The company employs 600 people, maintains excellent relationships with over 300 suppliers, and serves more than 5,000 customers on a daily basis. The firm’s retail outlets in 2013 numbered 41 in total. Through a modern network of branches, as well as departments specializing in business-to-business (B2B) sales, lighting, electrical panels construction, energy solutions, industrial applications and building solutions, Kafkas is in a position to offer customers comprehensive solutions and services. The largest proportion of clients, or 78%, is involved in B2B businesses, in domains such as industry, infrastructure projects, and commercial networks. The firm’s range of products include circuit boards, structured wiring and telecommunications, cables, pipes, lighting, electrical and industrial material, as well as photovoltaic and off-grid systems. The objective at KAFKAS SA is to be the undisputed leader and leading preference in the market through top quality, continual investment in the development of human resources, being able to identify and capitalize on opportunities that emerge in a constantly changing economic and technological environment, and, ultimately, to support innovative solutions. KAFKAS SA operates with environmental respect and responsibility. Since 2008, all the firm’s branches have run lamp recycling programs in association with firms such FOTOKYKLOSI RECYCLING SA, the aim being to save energy and reduce waste, thus helping to create better living conditions for all citizens. Also, all stores have been installed with battery collection bins, a collaborative effort with AFIS SA, a firm that specializes in organizing collective management systems for portable batteries with the aim of creating social awareness as a means of protecting the environment. During last years, the company integrated into its network a new recycling system in cooperation with the firm RECYCLING SA, active in the recycling of small-sized electrical devices, including mobile phones, small electrical appliances, and computers. Through this initiative, V.Kafkas SA is contributing to the reduction in the volume of trash, while also helping lessen the risk of pollution from harmful substances. Besides the recycling program, V.Kafkas SA has made it a point to offer a wide range of products that contribute systematically to energy saving, therefore ensuring better living conditions, through its entire network of branches. Another initiative taken by the company is the Kafkas Institute of Training & Development, which serves as a meeting place for professionals, offering specialized training programs. The programs offered at the institute are also appropriate for individuals who are contemplating to enter the profession. The company recently received one of the 10 awards at Best Workplaces 2014 in the category for firms employing more than 250 persons. In 2013, the firm posted increased total turnover that reached 86.11 million euro from 82.47 million euro in 2012, a 4.4% year-on-year increase. Additionally, the firm holds a 30% market share. KAFKAS SA 2011

2012

76.168.340

82.469.579

8,27

1.123.029

4.004.245

256,56

GROSS PROFIT (in euro)

21.405.446

24.123.644

12,70

OWN EQUITY (in euro)

18.430.953

20.469.828

11,06

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

26.693.411

25.711.971

-3,68

DEBT BURDEN

59,16

55,68

-5,88

EQUITY YIELD

6,09

19,56

221,04

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

BEVERAGES Industrial

TURNOVER 84.751.092

PROFIT BEFORE TAXES 3.216.625

the second largest brewer in Greece H Mythos Brewery is the second largest brewer in Greece and member of the Carlsberg group. The company owns a plant in Sindos in Thessaloniki, which produces Mythos, Kaiser, Kaiser Double Malt, Kaiser Blonde and Henninger beers, which are distributed all over Greece. The brewery is equipped with three production lines with a total production capacity of 11 million crates per year. For its production procedures, Mythos Brewery SA applies the HACCP (ISO 22000 : 2005) Management and Safety of Foods control system, the ISO 9001:2008 Quality Management System, and the ISO 14001 : 2004 International Environmental Management System. The firm received a social responsibility award in 2005 for its implementation of successful policies in the Human Resources Management domain. Mythos Brewery places great emphasis on investments for the continual upgrading of its beer production facilities. The company describes operating in an eco-friendly manner as being an obligation and unwavering commitment. The company’s beers are produced and bottled using top-quality raw materials, as well as stateof-the-art production facilities, while all stages of production are subjected to strict quality-control procedures based on international quality control standards. Especially in the case of Mythos beer, the most famous Greek beer in the world, the company is developing strong export activity, since this product is the only Greek beer brand that is exported to around 40 countries, where it enjoys strong demand. The company also imports and distributes internationally renowned brands in Greece, brands including the Danish beer Carlsberg, Mexico’s Corona Extra, the Irish beers Diageo Guinness and Kilkenny, the Belgian beer Grimbergen, the Bavarian weissbier Schneider Weisse, Magners Irish Cider and Wine apples from Somersby, all of which widen the Greek beer market’s range with quality flavors for the consumer. The company has distribution centers in Athens, Thessaloniki and Crete, providing nationwide coverage. The product portfolio includes Mythos Brewery: Μythos, Carlsberg, Kaiser, Kaiser Double Malt, Kaiser Blonde, Corona Extra, Guinness, Schneider Weisse, Grimbergen, Kilkenny, Henninger, Magners and Somersby. MYTHOS BREWERY continually develops its portfolio to meet the needs of consumers through the wide range of brands. The company applies efficient ways of operating throughout the organization, focusing on creating value for its customers. The firm strives to improve customer service in ways that do not increase. Furthermore, the company strives to reduce the environmental impact of its activities. As for its financial results, in 2012, Mythos Brewery posted a total turnover figure of 84,751 million euro, a marginal 0.3% increase compared to 2011. Pretax profits at Mythos Brewery reached 3.217 million euro, a decline compared to 2011. The decline in profits was attributed to the amortization of increased investments made by the firm, considerable promotional activities, and a discount policy for consumers. As a result, the firm achieved a new rise in market share, estimated at 16.8% in 2012. Also, Mythos Brewery achieved improved performance figures in terms of liquidity and financial standing in 2012. Company results for the first four-month period in 2013 were positive, as Mythos Brewery achieved double-digit sales and profit rises amid a market that is contracting at a rate of 4% annually. MYTHOS BREWERY

Contact Details Thessaloniki Industrial Area P.O. 570 22 Sindos Thessaloniki Tel.: +302310568400 FAX: +302310799179 http://prod.greece.carlsberggroup.com/ Mail: info@mythosbrewery.gr

Diamonds

2011

2012

84.980.888

84.751.092

-0,27

4.406.372

3.216.625

-27,00

GROSS PROFIT (in euro)

42.574.445

41.209.030

-3,21

OWN EQUITY (in euro)

48.855.134

52.794.390

8,06

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

17.985.771

19.075.929

6,06

DEBT BURDEN

26,91

26,54

-1,36

EQUITY YIELD

9,02

6,09

-32,45

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS COSMETICS Commercial

Facing The Future With Optimism

Sotiris Lelos

TURNOVER 81.406.936

PROFIT BEFORE TAXES 5.120.802

“VITAFARM S.A.” was established in 2001, after the merger of EUROPEAN PHARMACEUTICALS S.A. and PARAPHARMACEUTICAL CENTRE S.A”. Since then “VITAFARM” had a development course and in 2013 was one of the most profitable companies in the Sector of Pharmaceuticals, with sales coming up to 85.257.229€. “VITAFARM” competes in the Greek market serving around 400 customers as well as abroad cooperating with almost 30 foreign firms. “VITAFARM” owns a private facility of 3000 sqm located in the east part of Thessaloniki in the area of Pylaia, nearby the shopping mall “Mediterranean Cosmos”, close to “MACEDONIA” airport and the city’s ring road. “VITAFARM” occupies 48 highly qualified employees, responsible for the high quality of the provided services, giving “VITAFARM” an advantage among its competitive companies. Despite the economic crisis and the huge problems that have arisen in the field of pharmaceuticals over the past few years, “VITAFARM”, having a well-trained personnel and being fully equipped, has achieved to steadily increase its market shares as well as being one of the most profitable companies in the field of Pharmaceutical Wholesalers. According to its published balance sheets “VITAFARM” is first in profitability among other companies in the field since in 2011 its gross profit came up to 7.789.890€ and in 2012 up to 7.984.848€. Moreover, “VITAFARM” has been first with great disparity from the second company in the field based on profits EBITDA, as in 2011 its profits, based on EBITDA, came up to 4.740.000€ and in 2012 up to 6.070.709€. The excellent financial results of 2011 and 2012 went on in 2013, giving “VITAFARM” the opportunity to finance its development route, facing the future with optimism. VITAPHARM SA

Contact Details Πatriarchika & Chalkis 23, Pilea, 55535, Thessaloniki Tel: 2310478972 Fax: 2310478946 http://www.vitafarm.gr/ it@vitafarm.gr

100

Diamonds

TURNOVER (in euro)

2011

2012

CHANGE (%)

83.948.643

81.406.936

-3,03

PROFIT BEFORE TAXES (in euro)

3.657.937

5.120.802

39,99

GROSS PROFIT (in euro)

7.878.657

8.028.167

1,90

OWN EQUITY (in euro)

7.904.600

23.494.400

197,22

LIABILITIES (in euro)

27.982.525

15.512.748

-44,56

DEBT BURDEN

77,97

39,77

-49,00

EQUITY YIELD

46,28

21,80

-52,90

Diamonds

101

DIAMONDS OF THE GREEK ECONOMY 2014

BEVERAGES Industrial

continue to invest and develop

TURNOVER 74.602.258

PROFIT BEFORE TAXES 10.611.926

VIKOS S.A. was founded in 1990 and is amongst the most renowned and reputable companies in the bottled water market. Vikos S.A. is a Greek company, commenced in 1992 by bottling natural mineral water from a homonymous source and distributing it to the Greek and foreign markets whilst maintaining its role of a major supplier to the key supermarket chains. Our company has grown over the years and now exploits 4 sources of water and operates 3 ultra modern factories. From the three plants: two producing bottled water and soft drinks, located in the famous Zagorochoria region which is an area of protected natural beauty, while the third, Petcom Plastics located in the Industrial Area of Ioannina, manufacturing preforms and plastic caps for the bottled water market and the beverage industry. The company’s private premises have a total surface of 37.500 sqm with the staff count amounting to over 250 employees and the 9 state of the art production lines capable of delivering 210.000 litres per hour. Furthermore , in order to achieve an effective customer service and ensure that we can fully satisfy the demands and needs of our partners in every aspect, the company has its own logistics centers in Athens and Thessaloniki . “VIKOS” and “ZAGOROCHORIA” sources are certified as Natural Mineral Water sources, bottled at the homonymous sources using the most technologically advanced equipment, without any human intervention or other processing techniques, from its pumping to its distribution to the final consumer. Within two decades , based on our philosophy and principles, despite the current economic conditions prevailing in Greece , we managed to climb to the top of the bottled water industry. The company’s commitment to total quality of products from production till the final consumer and relationships of respect and credibility with its partners led us to the first position with 22% market share, a position it has held from 2006 until today. In spite of the times, the constant economic recession and unemployment plaguing the country , Vikos SA, continues to invest and develop. Our productivity and passion for creativity challenges us on daring to work on new projects. So, in the next few months, we are planning to introduce a new series of soft drinks under the homonymous name of our brand “Vikos”, while we are planning an investment of over 35 million for the years 2014-15. EPIROTIKI BOTTLING COMPANY SA (VIKOS S.A.)

Contact Details Peribleptos Ioannina Ioannina, ΤΚ: 45 332 Τel: 26510 61951, 26510 62111, Fax: 26510 61363 Email: info@vikoswater.gr Website: http://www.vikoswater.gr

102

Diamonds

2011

2012

73.544.863

74.602.258

1,44

7.368.454

10.611.926

44,02

GROSS PROFIT (in euro)

26.472.445

28.836.604

8,93

OWN EQUITY (in euro)

56.875.535

66.309.584

16,59

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

32.838.674

27.283.985

-16,92

DEBT BURDEN

36,60

29,15

-20,36

EQUITY YIELD

12,96

16,00

23,53

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

TURNOVER 74.170.690

PROFIT BEFORE TAXES 3.457.086

Making Investments during crisis The Nutritional products company JOTIS was founded in 1930 by John and Maria Jotis. The firm’s first product to be marketed was a rice cereal, the first packaged infant food produced in Greece. JOTIS rice cereal was a precious arrival for Greek mothers during an era when peptic system disorders were one of the main causes of infant mortality. Today, the Jotis company produces, packages and distributes - in Greece and abroad - 100 different products that are grouped in the following categories: Baby food, Drinks, Cooking, Confectionary, Desserts, Semi- finished desserts, Chocolates and Semi-finished meals. The satisfaction and faith of shown by consumers for Jotis products has served as a driving force for the company’s efforts in launching new products in new markets, both in Greece and abroad. The company’s vision, it states, is to “produce healthy products of high quality and nutritional value. We base our product development on the latest nutritional trends and studies in order to cover the needs of the whole family.” The company strives to continuously expand its portfolio of products with new offerings of high nutritional value, in order to fulfill the daily needs of modern-day consumers, while also providing natural, effective and wholesome benefits for their overall quality of life. This principle is reflected by the firm’s launch of two new product categories in 2009, an organic product line with the brand name “Organic” and a health-food product line named “Fytro”. The firm’s values are realized through all its products, business practices and socially responsible actions. At Jotis, particular care is taken throughout the research and manufacturing process, guaranteeing the purity of raw materials and non-negotiable quality of all products for the family. The company bases its initiatives on the needs of tomorrow, as becomes apparent in all new nutritional offerings, therefore creating sound foundations for its constant development. The company’s trademark encompasses the accumulated experience and technical know-how of a long-running and historic company that guarantees exceptional value by addressing the needs of consumers through the safety and quality of its products. For over 80 years now, the Jotis company has gained the trust and preference of many consumers in foreign markets through its product excellence, taste and quality. The firm is constantly focusing its efforts towards operational excellence, product leadership and customer intimacy, in order to satisfy even the most demanding needs and expectations by adjusting products based on local nutritional and consumer habits. “Think global - act local” is the firm’s export moto. Staying consistent with the company’s vision and mission, export activities are increasing every year and cover more than 25 export destinations in five continents. a) Africa & Middle East Countries (S. Arabia, U.A.E, Qatar, Bahrain, Kuwait, Egypt) b) European Countries (Germany, England, Belgium, Cyprus, Holland, Malta, Spain, Italy, Sweden, Norway) c) Balkan Region and Eastern European Countries (Albania, Bulgaria, Romania, F.Y.R.O.M, Serbia, Russia, Ukraine) d) Far East Countries (Singapore, China) e) Oceania Countries (Australia) e) America (U.S.A, Canada) JOTIS SA

Contact Details Kifisou Avenue 130, PO 121 31 Athens Tel: 210 57 04 400 FAX : 210 57 69 101 e-mail : jotis@jotis.gr Website: http://www.jotis.gr/el/

2011

2012

73.645.130

74.170.690

0,71

3.893.250

3.457.086

-11,20

GROSS PROFIT (in euro)

32.716.839

33.225.701

1,56

OWN EQUITY (in euro)

30.910.341

34.849.290

12,74

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

36.892.099

30.882.123

-16,29

DEBT BURDEN

54,41

46,98

-13,65

EQUITY YIELD

12,60

9,92

-21,24

Diamonds

103

DIAMONDS OF THE GREEK ECONOMY 2014

Blu Barilla Pantone 280

FOOD PRODUCTS Industrial

Innovation and long heritage are the company’s greatest assets

TURNOVER 73.816.558

PROFIT BEFORE TAXES 3.448.622

The history of Barilla Hellas starts in 1927 with the establishment of MISKO in Piraeus. In 1991, the company becomes part of the Barilla Group, trading the group’s products in the Greek market (Barilla pasta & sauces, and bakery products). In 2000, the Company’s cutting edge production facility starts its function at Eleona (Voiotia Thebes), being the third largest such facility in Europe. In 2001, the mill in Volos, which grinds 63.000 tons of Greek wheat every year, is added to Barilla Group. Putting particular emphasis on sustainable development, Barilla Hellas incorporates the Group’s values in its local operation. The factory at Eleonas produces 55,000 tons of pasta products per year, made of wheat hailing from over 5,500 Greek farmers. The factory’s operation is aligned with the Group’s strict environmental standards, lowering its ecological footprint on a steady basis annually. The company employs today over 200 persons and, despite the financial crisis in Greece, Barilla Hellas holds the leading place in the pasta market as well as the pasta sauces market, with market shares of 45% and 65%, respectively and exports to many countries around the world. In 2012 Barilla Hellas invested an estimated amount of €2.5 million, while Barilla Group overall, has invested nearly €70 million in its operations in Greece, since entering the Greek market. Barilla Hellas constitutes a significant business hub and administrative center of Eastern Europe for Barilla Group and is responsible for implementing the strategy of the largest pasta industry in the world, BARILLA S.p.A., in a cluster of 19 countries in Eastern Europe. The Barilla parent company has a history that stretches back 137 years, beginning in 1877 with a small family-run business in Parma, northern Italy, headed by Pietro Barilla, producing bread and pasta products. The group is managed by the Barilla family, with the enterprise’s fourth generation, the Barilla siblings Guido, Luca and Paolo at the helm. The firm operates 30 production sites around the world, located in various countries, including the USA, Mexico, France, Germany, Greece, Russia, Turkey, and Sweden. The group produces over 1.7 million tons of food products annually. It employs over 8.000 persons and markets 1.000 different products that are distributed to 100 countries. In 2012, the group’s sales amounted to €4 billion, profits reached €60 million and the EBITDA figure reached €433 million. As for the Greek subsidiary, its financial performance in 2012 remained steady compared to the previous year’s results. Turnover was approximately €74 million and profits reached about €3.5 million. As noted by Mr. Spiliopoulos, the Greek subsidiary’s Managing Director, “this profit level was nearly half of the figure posted in 2010, when profit reached €6.8 million.” According to Mr. Spiliopoulos “the firm intentionally sacrificed a significant part of its profit to maintain its sales levels. About 40% of the aforementioned turnover figures concerns exports.” BARILLA HELLAS SA

Contact Details 26 Pappou & Akragantos, 10442, Athens Tel: 210 5197800 Fax: 210 5197859 Website: www.misko.gr, www.barilla.gr

104

Diamonds

2011

2012

74.903.854

73.816.558

-1,45

3.419.642

3.448.622

0,85

GROSS PROFIT (in euro)

30.624.861

29.246.182

-4,50

OWN EQUITY (in euro)

30.536.877

31.812.394

4,18

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

19.182.453

21.666.687

12,95

DEBT BURDEN

38,58

40,51

5,01

EQUITY YIELD

11,20

10,84

-3,20

DIAMONDS OF THE GREEK ECONOMY 2014

TEXTILES Industrial

Οwning one of Europe’s most advanced ginning facilities

TURNOVER 73.276.654

PROFIT BEFORE TAXES 2.095.243

Karagiorgou SA Bros SA was founded in 1951 and is active in cotton ginning, production of cottonseed oil and cotton cake. The firm ranks as one of the sector’s largest. Activity at the firm includes operating industrial plants at all of Greece’s main cotton cultivation areas. The firm has been active in Thessaloniki since 1967. The facilities there include two cotton ginning units – Unit A and Unit B - and a cottonseed oil producing unit. The facility has an overall storage capacity of 44,000 tons for ginned cotton. Total investments exceed 7.3 million euro. Unit A, the first ginning unit to be operated by the firm, was constructed in 1967 and covers 3,200 square meters of floor space. Its production capacity exceeds 4,000 tons of ginned cotton. Unit B, constructed in 1997, is comprised of an industrial unit, storage facilities for cottonseed and ginned cotton, all over 8,486 square meters of floor space. The firm also maintains production facilities in Larissa, mid-northern Greece and nearby Farsala. The Larissa unit, covering 10 hectares, features one of Europe’s most advanced ginning facilities comprised of five state-of-the-art ginning machines, as well as cleaning and drying units. The total investment at this facility exceeded 6 million euro. Results to date offer optimism for the future. The Farsala facility, covering 12.5 hectares, includes two ultra-modern cotton ginning units with a total capacity of 13,000 tons of ginned cotton. The company’s product portfolio includes ginned cotton, cottonseed, cotton cake, and cottonseed oil. Karagiorgou N. Bros SA posted a turnover figure of 85.33 million euro, up by 16.4%. Its EBITDA figure reached 5.1 million euro, from 3.4 million euro in the previous year, net pretax profit of 3.19 million euro from 2.09 million euro, net profit of 2.46 million euro from 1.59 million euro, with total capital of 33.89 million euro (OWN EQUITY 18.28 million euro). The yield for 2012-2013 was 15%. Consolidated results, including subsidiary firms, showed turnover of 114.70 million euro, an EBITDA figure of 6.87 million euro, and net profit of 2.67 million euro. KARAGIORGOS COTTON INDUSTRY TURNOVER (in euro)

2011

2012

CHANGE (%)

52.523.586

73.276.654

39,51

224.090

2.095.243

835,00

Contact Details

PROFIT BEFORE TAXES (in euro)

7 Kalapothaki, 54624, Thessaloniki Tel: 2310 254300 Fax: 2310 254301 Website: http://www.karagiorgos.gr/

GROSS PROFIT (in euro)

4.029.208

5.852.605

45,25

OWN EQUITY (in euro)

15.728.001

17.282.674

9,88

LIABILITIES (in euro)

10.215.912

28.506.886

179,04

DEBT BURDEN

39,38

62,26

58,10

EQUITY YIELD

1,42

12,12

750,89

Diamonds

105

DIAMONDS OF THE GREEK ECONOMY 2014

VIOLAR TEXTILES Industrial

TURNOVER 70.978.486

PROFIT BEFORE TAXES 6.740.532

Cotton processing giant from the Thessaly region The entrepreneurial activities of the Markou brothers in the cotton market first emerged in 1955. Backed by experience in cotton ginning and grain sector, while also offering reliable services, Violar SA managed to establish for itself a solid standing among global suppliers in the cotton and grain industries. In 1955, four siblings, Anastasios, Dimitrios, Ilias and Konstantinos Markou, began ginning cotton at facilities in the Livadia region, mid-north Greece. In 1969, the firm launched its seed processing facility and, a few years later, in 1978, it also started operating a cotton ginning industrial plant both in Livadia. In 1994, the company began operating a second cotton ginning industrial plant in Achillio, Larissa, mid-north Greece. The firm now served farmers and producers in both the Livadia and Larissa regions, which represent more than half of Greece’s total cotton production. In 2004, the Markou group acquired yet another industrial facility, a silo that formerly belonged to the state in Velestino, Volos, mid-eastern mainland Greece. The move further increased the company’s commercial capacity, as it could now store, maintain, and distribute all of the Markou group’s products. Nowadays, Violar is active in cotton ginning, as well as trade of cotton, grain, and animal feed. The firm is one of the oldest and largest cotton ginning companies and traders in Greece. The firm trades grains covering the categories of soft wheat, hard wheat, barley, corn, and oat. Other items traded by the firm include cotton seed, cotton cake, soya flour, and sugar pie. The company operates two manufacturing plants and two facilities. One of the manufacturing plants, in Livadia, has been operating since 1969. It is comprised of a cotton ginning facility, a seed processing unit, and storage facilities. The facility, whose total floor space covers 13,000 square meters, stands amid a plot of land measuring 80,000 square meters. The company’s other industrial plant, in Achillio, by the old national road between Larissa and Volos, began operating in 1994. It was constructed on a plot of land measuring 100,000 square meters. The plant itself, including a cotton ginning facility, storage space, and offices, measures 10,500 square meters. The company’s two warehouse facilities are located in Volos and Livadia. Violar also owns a 200,000-square meter expanse in Velestino, close to the port of Volos, just off the Athens-Thessaloniki national highway. This property includes a 47,000-square meter warehouse comprised of ten separate buildings for storage of cotton packages, as well as two separate silos for storage of grain and animal feed, the total capacity being 120,000 tons. A company warehouse in Agios Andreas, Livadia facilitates the supply of cotton and grain, while also catering to other storage needs. This facility’s greatest advantage is its close distance from cotton and grain fields and easy accessibility for farmers and suppliers. The company posted increased total turnover and reduced net profit for the financial year covering July 1, 2012 to June 30, 2013. According to the company’s balance sheet, company turnover, for this period, from sales of company-produced cotton, as well as farming products and supplies, reached 99.06 million euro from 70.98 million euro in the previous year, a 39.6% increase. The firm posted a decreased gross profit margin. It fell by 10.7% to 7.2% from 17.9%. Gross profit reached 7.12 million euro from 12.7 million euro in the previous period, a 43.9% reduction. The company’s EBITDA figure (earnings before interest, taxes, depreciation, and amortization) fell to 2.67 million euro from 7.63 million euro a year earlier, a 65% reduction. VIOLAR SA

Contact Details 25ο km. P.Ε.Ο. Larisas - Volou Achilio, Larisa PA 41 500 Tel. +30 2410 731526-28, +30 2410 731478 Fax: +30 2410 731540 Website: www.markousbros.com

106

Diamonds

2011

2012

67.392.376

70.978.486

5,32

268.172

6.740.532

2.413,51

GROSS PROFIT (in euro)

6.374.688

12.917.650

102,64

OWN EQUITY (in euro)

8.211.627

12.459.278

51,73

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

33.984.369

32.934.414

-3,09

DEBT BURDEN

80,54

72,55

-9,92

EQUITY YIELD

3,27

54,10

1.556,60

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS COSMETICS Commercial

TURNOVER 70.713.120

PROFIT BEFORE TAXES 822.001

Conforms, entirely, to national and EU legislation Alfa Pharm was founded in 1974 under the trade name ‘Pharmakapothiki Christina Parissi O.E.’ with offices in Athens, at 14 Xouthou St. In 1983, the company relocated to its current base, 8 Leonidou and Kallergi sts, in the capital’s Metaxourghio district, and acquired the ‘ALFA PHARM’ company name. In 1995, the company changed its legal status to a joint-stock company with venture capital of 700,000,000 drachmas (2.1 million euro based on currency switch rate several years later). Alfa Pharm SA is active in the sale, distribution and warehousing of pharmaceuticals, cosmetics and parapharmaceutical products. The company distributes its products throughout Greece and abroad. The firm’s activities are focused on supplying pharmacies – clients; making available and distributing products produced by specific pharmaceutical companies to pharmaceutical warehouses and pharmacies around Greece. Alfa Pharm SA operates in accordance with the EN ISO 9001:2000 quality-management standard as part of its overall effort to continuously upgrade. The quality-management system is applied to the firm’s wholesaling activity, distribution and storage of pharmaceuticals, cosmetics and parapharmaceuticals. The primary goal of the company is to provide products and services of highly scientific and technical applications, so that the end product satisfies customer requirements and expectations, current legislation, and, above all, rules of commerce as specified in national and European Union directives. In order to achieve this goal, the company has applied a quality assurance system that includes all business activities that influence quality, as a means of ensuring that products are in compliance with specification requirements. The quality system makes provisions for goal setting at a frequency that ensures improvement and effectiveness at all times. The quality assurance system also provides work guidelines for employees. The company employs appropriate and well-trained staff to ensure compliance with quality standards. Staff members follow correct procedures for continuous and uninterrupted quality. The observance of the quality policy at Alfa Pharm S.A. is compulsory for company employees and any other parties associated with the firm. The goal of the customer-oriented perception and philosophy of the company is to hold a continuous and open channel of communication with its customers which ensures that all positive and negative feedback about products reaches the firm’s customer service department. Great care and emphasis is placed on the observance, at all times, of hygiene and security regulations by employees during working hours, regardless of the position they occupy. Furthermore, the firm considers it a responsibility and obligation to apply environment practices whenever this is deemed as being necessary. Finally, it is important to point out the fact that the company always conforms, entirely, to national and EU legislation with regards to this specific domain. The quality assurance system of the firm’s business activities is harmonized with requirements as stipulated by the EN ISO 9001:2000 standard. The company’s quality policy is common knowledge to all personnel at the company. Alfa Pharm SA has invested in the expansion of its building premises as well as in the equipment it uses for optimal conservation of products. ALFA PHARM SA

Contact Details 8 Leonidou & Kalergi sts 104 37, Athens, Greece. Tel: +30 210 522228 Fax: +30 210 5228941 Email:alfapharm2000@yahoo.com Website: www.alfa-pharm.gr

2011

2012

70.681.031

70.713.120

0,05

546.045

822.001

50,54

GROSS PROFIT (in euro)

3.782.221

4.112.064

8,72

OWN EQUITY (in euro)

4.280.608

4.923.152

15,01

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

22.775.173

13.580.764

-40,37

DEBT BURDEN

84,18

73,39

-12,81

EQUITY YIELD

12,76

16,70

30,89

Diamonds

107

DIAMONDS OF THE GREEK ECONOMY 2014

PROPHARM SA CHEMICALS

firm recognizes the importance of its business activities Agrochemical and fertilizer firm Profarm was founded in Thessaloniki in 1973 as a limited company before changing its corporate status to an SA format in 1992. The firm, which serves customers throughout Greece, is nowadays headed by Mr. Nick Brouziotis as its CEO. The firm’s administration recognizes the importance of its business activities, marketing of agrochemicals and fertilizers, both for the Greek economy and the environment. Profarm also acknowledges the importance of seeking improved ties with all interested parties, such as customers, suppliers, employees, state and society. The company packages and trades seeds, fertilizers and pesticides, while also offering optimal after-sales service. Its range of seeds is comprised of wheat, barley, rye, rice, alfalfa, cotton, pea, triticale, oats, potato, sunflower, vetch, sorghum, trifolio, fescue, alexandrino, lLupin, pratense, and rezoupinato. It also offers a wide range of pesticides, fungicides, insecticides, and herbicides.

Commercial

TURNOVER 70.180.934

PROPHARM SA

PROFIT BEFORE TAXES 1.563.465

Contact Details 13 Fragon Str. 54626 Thessaloniki, Greece Tel.: +30 2310 529187 Fax.: +30 2310 545036 email info@profarm.gr

2011

2012

63.445.629

70.180.934

10,62

PROFIT BEFORE TAXES (in euro)

1.206.169

1.563.465

29,62

GROSS PROFIT (in euro)

5.175.285

6.165.833

19,14

OWN EQUITY (in euro)

2.258.092

3.353.376

48,50

LIABILITIES (in euro)

TURNOVER (in euro)

CHANGE (%)

24.572.246

19.082.735

-22,34

DEBT BURDEN

91,58

85,05

-7,13

EQUITY YIELD

53,42

46,62

-12,72

PRODROMOS PAVLIDES FOOD PRODUCTS Industrial

TURNOVER

A powerful player in the international markets P. Pavlides SA was established in 1992 by Mr. Prodromos Pavlides in Giannitsa, some 50 kilometers west of Thessaloniki, at the heart of the region’s peach orchards. At present, the firm’s production facility rates as one of the most modern and well equipped food processing factories in Europe, producing high-quality, safe, consistent and reliable products. Using the latest canning technology, the firm guarantees product integrity that provides it with the ability to meet the individual needs and specifications of partners and clients. With a production capacity of more than 2 million basic cartons (24 x 1kg equivalent), approximately 15% of the total processed in Greece, and a production and warehouse space of 200,000 square meters, P. PAVLIDES SA ranks among the leading canners in Greece. The firm aspires to not only maintain this dominant standing, but to also continually strive to improve quality and services provided at all levels.

81.317.937

PRODROMOS PAVLIDES SA

PROFIT BEFORE TAXES

2012

CHANGE (%)

9.117.819

TURNOVER (in euro)

58.229.572

81.317.937

39,65

Contact Details

PROFIT BEFORE TAXES (in euro)

3.544.645

9.117.819

157,23

GROSS PROFIT (in euro)

9.934.732

15.897.716

60,02

OWN EQUITY (in euro)

26.853.842

34.833.591

29,72

LIABILITIES (in euro)

Giannitson - Edessis Rd (2nd km), 581 00, Giannitsa, MACEDONIA TEL. 23820 83950 FAX: 23820 22065 EMAIL: pp@pavlides.group.gr

108

2011

Diamonds

33.561.874

28.473.676

-15,16

DEBT BURDEN

55,55

44,98

-19,04

EQUITY YIELD

13,20

26,18

98,30

DIAMONDS OF THE GREEK ECONOMY 2014

CLOTHING FOOTWEAR Commercial

Highly successful chain of department stores in Greece

Konstantinos Lambropoulos

TURNOVER 69.330.357

PROFIT BEFORE TAXES 2.416.189

ATTICA DEPARTMENT STORES S.A. runs a highly successful chain of department stores in Greece called “attica” that offer a variety of brands in women’s, men’s and kids’ apparel along with a large collection of bags, shoes, accessories and beauty and home products. With a total of 4 selling points so far, more than 2.500 staff members and a strong and always up-to-date product mix, attica stores are equivalent to the upmarket department stores found in the rest of Europe, such as Selfridges, Harvey Nichols, Gallery Lafayette, La Rinascente, etc.. Adding to their unique locations, wide selection of fashion brands and personalized services, attica stores have also become synonymous to high aesthetics largely due to their unique and artful window displays conceptualized by a dedicated creative team. The complete list of attica stores includes: • attica in City Link (2005) attica’s flagship store began its operation in 2005, right in the heart of Athens, becoming the city’s fashion landmark. Being housed within City Link - one of the very few historically preserved buildings in the center of Athens - and occupying 25.000 sq. meters and 8 levels of selling space, attica is the largest department store in Greece. • attica in Golden Hall (2008) In 2008 attica acquired a second retail division in the suburbs of Athens, housed in “Golden Hall”, one of the most high profile malls. With four levels of luxury brands, attica in Golden Hall soon became the ultimate fashion and beauty destination. • attica in Mediterranean Cosmos (2012) In March 2012, attica’s third department store began its operation in Thessaloniki, within the Mediterranean Cosmos Mall. Just A year later, attica expanded by acquiring more selling space for the accommodation of a casual brands collection. • attica in the Mall Athens (2013) In 2013 attica expanded its activity in the field of casualwear and denim by creating a new store solely dedicated to up-to-date casual brands, housed within “The Mall Athens” Shopping Center. In 2013, attica recorded increased sales and profits before tax, which reached 125M and 7.5M respectively. Having completed investments totaling over 4M, attica’s next step is the opening of yet another store in Thessaloniki – an investment of 10M - which is scheduled to operate in the fall of 2014. The new branch will occupy 7.000 sq. meters in the city center and will employ more than 200 people. It is estimated that sales will reach 20M during the first year of operations. The company’s success is the result of careful economic management, constant monitoring and thorough knowledge of the retail sector. Also, due to maintaining a steady cash flow, the company is able to take advantage of further business opportunities. ATTICA DEPARTMENT STORES TURNOVER (in euro)

2011

2012

CHANGE (%)

76.784.945

69.330.357

-9,71

2.157.641

2.416.189

11,98

Contact Details

PROFIT BEFORE TAXES (in euro)

Panepistimiou 9,Athens T: 211 1802500 E: info@atticadps.gr Website: www.atticadps.gr

GROSS PROFIT (in euro)

21.757.750

20.297.389

-6,71

OWN EQUITY (in euro)

17.731.313

19.611.924

10,61

LIABILITIES (in euro)

47.728.458

42.309.462

-11,35

DEBT BURDEN

72,91

68,33

-6,29

EQUITY YIELD

12,17

12,32

1,24

Diamonds

109

DIAMONDS OF THE GREEK ECONOMY 2014

CLOTHING FOOTWEAR Commercial

Pushing against the crisis with three new stores

TURNOVER 67.587.379

PROFIT BEFORE TAXES 3.340.679

INTERSPORT ATHLETICS is mainly active in wholesale and retail trade, imports, exports, manufacturing and processing of all types of clothing, underwear, and sportswear. In Greece, the firm operates through its subsidiary FOURLIS SA, and, an a global scale, is part of the INTERPSPORT chain based in Bern, Switzerland, whose network is comprised of 5,400 retail outlets in 42 countries. Furthermore, INTERSPORT ATHLETICS is active in Cyprus, Romania, Bulgaria, and Turkey through subsidiary firms. INTERSPORT ATHLETICS (CYPRUS) LTD, an operation based in Cyprus, is 100% controlled by the parent company and maintains four outlets. The same applies for GENCO BULGARIA EOOD, where the firm also operates four outlets. Through INTERSPORT ATLETİK MAĞAZACILIK VE DIŞ TİCARET A.Ş., the firm operates 16 stores and holds an 100% stake in the venture. In Romania, the firm is represented through GENCO TRADE SRL, a subsidiary firm in which it holds a 58.85% stake. A total of 22 stores operate through this venture. In Greece, INTERSPORT ATHLETICS operates 48 stores. It is worth noting that the firm recently launched two new stores in Greece, both in Athens, in the Renti and Zografou districts, as well as one in Cyprus, in Paphos. The Zografou outlet (161 Pireos st & Fleming) is a 1,000-square meter shop offering sportswear. The Zografou store, on 38 Olof Palme st & Kallistratous, is a smaller outlet set up over three levels. The firm’s Cypriot outlet in Paphos is a 650-square meter outlet on the first floor of the Kings Avenue shopping center. It sells sportswear that is divided according to sporting category. The firm’s revenues rose by 1.01% in 2012 to 67,587,379 euro from 66,553,006 in 2011. Net pretax profit, however, fell slightly, by 0.95%, to 3,340,679 euro from 3,500,431 euro in 2011. INTERSPORT ATHLETICS 2011

2012

66.553.006

67.587.379

1,55

3.500.431

3.340.679

-4,56

GROSS PROFIT (in euro)

28.894.704

29.793.482

3,11

OWN EQUITY (in euro)

24.712.341

29.238.732

18,32

LIABILITIES (in euro)

TURNOVER (in euro)

Contact Details Sorou 18-20, Marousi, 15125, ATTICA Τel: 2102806000 Fax: 2102806099

110

Diamonds

PROFIT BEFORE TAXES (in euro)

CHANGE (%)

25.207.206

36.943.120

46,56

DEBT BURDEN

50,50

55,82

10,55

EQUITY YIELD

14,16

11,43

-19,34

DIAMONDS OF THE GREEK ECONOMY 2014

METAL PRODUCTS Industrial

Where a Greek Family-Owned Company successfully earns a place in the Global Aluminum Slug Market

TURNOVER 65.945.946

PROFIT BEFORE TAXES 535.668

ALUMAN S.A. has been in the aluminium business since 1965. That was the year when the firm installed its first production line for collapsible tubes. In the years that followed, the firm developed its manufacturing capabilities by successively installing production lines for aluminium aerosol cans and aluminium monobloc bottles. In 1974, Aluman SA began production of aluminium slugs, discs and strips in coils at a production facility, which is situated at Inofita, 50 kilometers north of Athens. Due to the fact, that Aluman did not want to compete against its own customers, by the end of 2009, the firm decided to concentrate solely on the production of aluminium slugs and discs, and subsequently closed down its aluminium collapsible tube, aluminium aerosol can and aluminium monobloc bottle production facility. Aluman now produces aluminium slugs - with or without hole- which are used for the production of aluminium collapsible tubes and aerosol bottles. Moreover, it produces aluminium discs - with or without ears- which are placed at the bottom of cooking pots and pans. Nowadays, the firm exports 100% of its slug & disc capacity to countries all over the world. Its production represents nearly the 8% of the global production of aluminium slugs and discs. Aluman has earned two Exports Awards by the Greek Chamber of Commerce and Industry, one in 1980 and the other in 1996. In 2013, Aluman earned the 3rd Greek Exports Award in the Industry sector. It is important to mention that the firm has not reduced the number of its employees nor has it reduced their salaries during the economic crisis Greece is going through. In 2012, the firmâ&#x20AC;&#x2122;s total turnover reached 65,945,946 euro producing 24.209 tons of aluminium slugs and discs, resulting to a profit of 535.668 euro following a loss of 128.241 euro in 2011. ALUMAN SA

Contact Details 3, Merlin st., Athens 10671 E-mail: info@aluman.gr Î¤el : +30 210 3609435 Fax:+30 210 3614161 http://www.aluman.gr/

TURNOVER (in euro)

2011

2012

CHANGE (%)

68.164.328

65.945.946

-3,25

PROFIT BEFORE TAXES (in euro)

-128.241

535.668

GROSS PROFIT (in euro)

7.537.072

6.870.698

-8,84

OWN EQUITY (in euro)

16.826.205

16.768.507

-0,34

LIABILITIES (in euro)

27.101.130

26.207.891

-3,30

DEBT BURDEN

61,70

60,98

-1,16

EQUITY YIELD

-0,76

3,19

Diamonds

111

DIAMONDS OF THE GREEK ECONOMY 2014

CHEMICALS Commercial

Solid standing with 5.26 Z meter rating

39,796,930

TURNOVER 65.256.704

PROFIT BEFORE TAXES 3.297.665

ELTON CHEMICALS SA was founded in 1981 following a corporate revision of its precursor, ELTON INDUSTRIAL CHEMICALS LTD. The firm was originally active in the trade of chemicals as raw materials for production of pharmaceuticals and cosmetics. The ELTON corporate group, comprised of ELTON SA and its subsidiaries ELTON CORPORATION SA in Romania, ELTON CORPORATION LTD in Bulgaria, and ELTON CORPORATION DOO in Serbia, stands as a leading power in the distribution of chemicals as raw materials both in Greece and other Balkan markets. The corporate group’s objective is to cover the entire range of professional needs presented by clients. Operating from six distribution centers in Athens, Thessaloniki, Bucharest, Cluj-Napoca (northwestern Romania), Sofia, and Belgrade, with total facility space of 22,000 square meters, the firm offers over 6,000 ready-to-deliver products that cover a large range of industrial activities. Sectors served by the ELTON group’s products include food and beverages, cosmetics, pharmaceuticals, detergents, paint, glue, building materials, textiles, fertilizers, animal feed, water processing, metal processing, paper processing, candles, plastics, and rubber products. Strategic partnerships between the group and major multinational producers from abroad ensure the production of high-quality products, technical support, as well as regular briefing on specialized products and new trends in the sector. At present, the firm is seeking to expand its presence into other countries such as Turkey and the central European markets of Poland and Hungary. Consolidated total turnover at ELTON SA in 2013 reached 100.03 million euro from 88.68 million euro in 2012, a 12.8% rise. Total turnover at the parent company reached 70.54 million euro in 2013 from 65.26 million euro in 2012, an 8.1% year-on-year rise. Earnings before tax (EBT) at the parent company reached 3.53 million euro in 2013 from 3.28 million euro in 2012, a 7.9% increase. The corporate group’s EBT figure in 2013 reached 4.69 million euro, up by 16.7% from 2012’s 4.02 million euro. ELTON INTERNATIONAL TRADING COMPANY S.A.

Contact Details Draseza industrial zone 190 11, Avlona, Attica, Greece Tel: +30 22950 29350-4 Fax.: +30 22950 29305 E-mail : info@elton.gr Website : www.elton.gr

112

Diamonds

TURNOVER (in euro)

2011

2012

CHANGE (%)

13.957.867

65.256.704

367,53

PROFIT BEFORE TAXES (in euro)

1.061.646

3.297.665

210,62

GROSS PROFIT (in euro)

2.458.628

11.167.576

354,22

OWN EQUITY (in euro)

35.259.260

37.949.659

7,63

LIABILITIES (in euro)

30.256.567

26.670.186

-11,85

DEBT BURDEN

46,18

41,27

-10,63

EQUITY YIELD

3,01

8,69

188,60

DIAMONDS OF THE GREEK ECONOMY 2014

Diamonds

113

DIAMONDS OF THE GREEK ECONOMY 2014

TEXTILES Industrial

Exports and presence in over 90 countries

TURNOVER 65.119.410

PROFIT BEFORE TAXES 3.936.916

Thrace Nonwovens & Geosynthetics S.A. was founded in 2010, taking on all the activities concerning technical fabrics at the firm Plastiko Thrace, originally founded in 1979. Today, Thrace NG produces technical fabrics made of polypropylene, yarns and fibres. Products include woven and non-woven needled and spunbond fabrics, polyclone yarn and tapes, woven netting made of high-density monoclone yarn, polypropylene rope, mechanical belts, monoclone yarns, moisture-testing membranes, membrane roofing, and specialized fabrics. These products are applied to fields such as geosynthetics, agriculture, horticulture, construction, industrial fabrics, packaging, furniture making, bedding, filter fabrics, medical gowns, and work uniforms. In November, 2012, the firm was the sole participant in an equity capital increase at SAEPE LTD, a firm based in Nicosia, Cyprus. The equity capital increase, worth 260,000 euro, gave Thrace Nonwovens & Geosynthetics S.A. ownership of all the new shares issued by SAEPE LTD. Moreover, an 100%-owned SAEPE LTD subsidiary firm, Thrace Asia, was formed in Hong Kong with the aim of expanding the firm’s business activities into the Chinese market. Also, a 412,000 euro investment was carried out for new machinery (mini rolls), to enable production of a new category of products under the brand name “TERRA HOME”, as well private label products for other clients. Through its TERRA HOME brand name, the corporate group is marketing products to the Scandinavian and Greek markets. Efforts are also being made to further promote products in numerous other markets where the group is active. As for the firm’s financial results, it posted both sales and pretax profit increases in 2012. More specifically, sales in 2012 amounted to 65.119.410 euro from 58.745.899 euro in 2011, a 10.9% yearon-year increase. Pretax profit in 2012 reached 3.936.916 euro, up from 3.383.634 euro in 2011. Thrace Nonwovens & Geosynthetics S.A.

Contact Details 20 Marinou Antypa, Alimos, 17455 Τel: +30 210 9875044-9 FAX : +30 210 9875040 WEBSITE: http://thracegroup.com/gr/el/ companies/thrace-ng/ Mail: geo@thraceplastics.gr

114

Diamonds

2011

2012

58.745.899

65.119.410

10,85

3.383.634

3.936.916

16,35

GROSS PROFIT (in euro)

10.582.909

11.190.299

5,74

OWN EQUITY (in euro)

22.245.925

25.768.370

15,83

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

26.187.008

27.723.760

5,87

DEBT BURDEN

54,07

51,83

-4,14

EQUITY YIELD

15,21

15,28

0,45

DIAMONDS OF THE GREEK ECONOMY 2014

MISCELLANEOUS Industrial

Exports make up 90% of firm’s sales

TURNOVER 62.972.073

PROFIT BEFORE TAXES 11.227.633

Raycap is a Greek firm that designs, produces and supports products for telecommunications and energy networks, as well as piping and electronic networks, and defense applications. The firm’s production facility is located in Drama, northern Greece, while its main office is in Athens. Raycap operates five subsidiary firms in the USA, Germany, Romania, Cyprus, and Bulgaria. It also maintains offices in Italy, Mexico, Chile, and Canada. The firm’s main trademark is export orientation, as highlighted by the fact that 90% of its sales concern exports. Raycap has maintained long-running strategic associations with Tyco Electronics and its subsidiaries such as Raychem, AMP/Simel, Mondragon, Critchley, Β&Η, Hellstern, Dulmison and Bowthorpe. Offering high-quality products and solutions for even the most demanding of applications, Raycap has distinguished itself for the exemplary service it offers to customers, as well as the longterm support of products, all backed by continual investment in cutting-edge technology and highly trained and academic personnel. The firm’s products cater to markets equipped with existing modern and extensive telecommunications and energy networks, as well as markets with developing infrastructure. Many airports in Latin America have been installed with Raycap electronic security systems. Since the company’s establishment, Raycap has forged various long-term agreements with public utilities in Greece and abroad, such as Greece’s OTE telecommunication firm and the power utility DEI, telecommunications utilities in Romania, Armenia, and Cyprus, the Cypriot power utility, and numerous other agreements with industries and manufacturing firms. Raycap’s list of collaborators include General Electric, Alstom, AT&T, FAA, Bell Canada, Raytheon, Iberdrola, the Belgian railway network, Vestas, and Boston Scientific. The firm posted in impressive profit increase in 2012. Net pretax profit skyrocketed by 147.5% in 2012 to reach 11,227,633 euro from 4,536,335 euro. The company’s sales performance in 2012 followed suit, rising more modestly, however, by 45.4% year-on-year, to reach 62,972,073 euro. RAYCAP

Contact Details Telou & 14 Petroutsou str 15124 Maroussi, Athens Greece Tel: +30 210 615 2000 Fax: +30 210 619 6002 Email: info@raycap.gr website: http://www.raycap.com

2011

2012

43.325.366

62.972.073

45,35

4.536.335

11.227.633

147,50

GROSS PROFIT (in euro)

17.818.038

23.852.130

33,87

OWN EQUITY (in euro)

21.869.787

30.221.036

38,19

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

27.815.219

24.980.102

-10,19

DEBT BURDEN

55,98

45,25

-19,17

EQUITY YIELD

20,74

37,15

79,11

Diamonds

115

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

Food king of the Thessalian fields

Stergios Tsagkoulis

TURNOVER 62.503.449

PROFIT BEFORE TAXES 2.413.909

INTERCOMM FOODS S.A., founded in 1990, is located in the low Thessalian district of Larissa, in central Greece and is one of the leading Greek export companies (turnover in 2013 reached 72,6 million euro). The company has strong experience in PRIVATE LABEL products, and, at the same time, has developed its main brand DELPHI. The company’s headquarters, warehouse and production facilities cover an area of approximately 140.000m2. There are two factories divisions, the OLIVE factory and the FRUIT factory. In 1999, the company carried out a large investment in the field of olives, with modern installations and state-of-the-art equipment. Through this investment, it succeeded in becoming a leading olive processing company in Greece, with the highest standards, subsequently gaining everincreasing recognition in the international olive market. Intercomm is also a leader in ASEPTIC fruit, supplying peach and apricot to top clients all over the world and satisfying all quality requirements. The main product categories are: olives & antipasti, aseptic peach & apricot fruit, peaches in cans & jars, compote, jams-syrups Intercom Foods SA is a family-run business that began operating with high ambitions. These days, the firm does business in western Europe with some of the continent’s biggest retail groups, such as Carrefour, Aldi, Lidl, and Tesco, providing private label products. The firm also enjoys a strong market presence with its brand-name products in the Balkans and eastern Europe. Marketing its products under the Delphi brand name, the firm exports to the Former Yugoslav Republic of Macedonia (FYROM), Bulgaria, Romania, Ukraine and Scandinavian countries. Though the firm’s entry and survival in the Russian market proved difficult in the mid1990s, it has managed to bolster its standing through a company of its own, which, besides marketing its own products, such as olives and compote, also offers other products, including olive oil and cheese products. Furthermore, besides west and east Europe, the firm also exports its products to the USA, Canada, Australia, Iran, Mexico, Russia, China and countries of the Middle East. As noted by Mr. Tsagkoulis, founder and president, markets in western Europe have a preference for the olive variety hailing from the Halkidiki region in northern Greece, while the Kalamata olive variety from southern Greece has proven to be a major hit in the UK. This year is performed at its premises in Larisa an investment amounted 9 million EURO. According to Infobank Hellas (source), Intercomm Foods SA is among the 15 Greek fast growingmoving companies 2009-2013. INTERCOMM FOODS

Contact Details 8th Km National Road Larissa Sykourio, P.O. Box 1127, Greece Tel:+30/2410/57.50.92, 57.50.93 FAX:+30/2410/57.50.91, 57.55.0 emails: OLIVES SECTOR: olivesales@intercomm.gr, FRUIT SECTOR: fruitsales@ intercomm.gr Website: www.intercomm.gr

116

Diamonds

TURNOVER (in euro)

2011

2012

CHANGE (%)

57.614.959

62.503.449

8,48

PROFIT BEFORE TAXES (in euro)

1.350.452

2.413.909

78,75

GROSS PROFIT (in euro)

7.620.617

10.123.641

32,85

OWN EQUITY (in euro)

15.264.259

17.146.474

12,33

LIABILITIES (in euro)

45.044.075

48.107.276

6,80

DEBT BURDEN

74,69

73,72

-1,29

EQUITY YIELD

8,85

14,08

59,13

DIAMONDS OF THE GREEK ECONOMY 2014

Diamonds

117

DIAMONDS OF THE GREEK ECONOMY 2014

CHEMICALS Industrial

Despina Anastasiou

TURNOVER 61.980.918

PROFIT BEFORE TAXES 5.602.667

Capturing value and delivering superior performance Dow (NYSE:DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from the intersection of chemical, physical and biological sciences to help address many of the world’s most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow’s integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high growth sectors such as packaging, electronics, water, coatings and agriculture. In 2013, Dow had annual sales of more than $57 billion and employed approximately 53,000 people worldwide. The Company’s more than 6,000 products are manufactured at 201 sites in 36 countries across the globe. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. Dow Hellas A.E., a subsidiary of The Dow Chemical Company was established in Greece in 1960 with the construction of the first European polystyrene manufacturing facility at Lavrion. The company supplies customers in the region a variety of plastics raw materials, basic and specialty chemicals, coatings and innovative agricultural solutions. The operations in Greece include commercial offices, laboratories and manufacturing lines for the production of polystyrene, STYROFOAM™ blue extruded foamed polystyrene boards and XENERGY™, the new generation of thermal insulation. Plastic materials from Dow include polystyrene, polyethylene, LDPE, LLDPE and HDPE Injection resins that are sold to a variety of downstream industries. Dow’s diverse and integrated portfolio of businesses is built to capture value and deliver superior performance over the long term. By taking active steps to optimize the portfolio and respond to changing market needs, Dow is better able to serve its customers needs in a diverse range of high-growth end-markets. Dow AgroSciences LLC, a wholly owned subsidiary of Dow is a leading producer of crop protection products, seeds, healthy oils and plant biotechnology solutions, committed to supporting farmers to increase yields and feed a growing population. Coatings and Infrastructure Solutions cover a broad-based set of market needs, including coatings raw materials, water purification, construction chemicals, and insulation and weatherization products. Performance Plastics is leveraging its innovative materials and technologies to address customer needs in high-growth, specialized applications in packaging, elastomers, hygiene and medical, and electrical and telecommunications. Dow’s focus on sustainability is embedded in everything the company does the operations, strategy, innovation agenda and daily actions. The 2015 Sustainability Goals reflect Dow s commitment to use science and technology to address social and environmental challenges and reduce the global footprint as the company profitably grows. From water purification technologies to healthier cooking oils, innovations play a vital role in addressing the evolving needs of the planet and society. In 1991, Dow Hellas was the first company in Greece to be certified for the quality of its products according to the international standard ISO-9000. In 2001, Dow Hellas introduced new thermal insulation technology which eliminated the use of ozone depleting agents during production. Since 2005, Dow Hellas has been certified for its environmental protection procedures as stipulated by the international standard EMAS ISO-14001. According to Dow Hellas balance sheet for 2012, revenues reached 61.98 million euro from 58.86 million euro in the previous year, a 5.3% rise. The firm had posted revenues of 46.41 million euro in 2010 and 40.36 million euro in 2009. Dow Hellas posted pretax profits of 5.6 million euro in 2012 from 4.05 million euro in 2011, a 38.3% increase. The pretax profit figures posted in 2010 and 2009 were 0.46 million euro and 0.74 million euro, respectively. DOW HELLAS

Contact Details Thoriko, GR-19500 (P.O. Box 47) Lavrion Tel.: +30 22920 62200 Fax: +30 22920 25243 Website: www.dow.com

118

Diamonds

TURNOVER (in euro)

2011

2012

CHANGE (%)

58.861.846

61.980.918

5,30

PROFIT BEFORE TAXES (in euro)

4.045.904

5.602.667

38,48

GROSS PROFIT (in euro)

8.627.512

11.094.099

28,59

OWN EQUITY (in euro)

10.030.070

11.007.858

9,75

LIABILITIES (in euro)

16.149.490

11.606.883

-28,13

DEBT BURDEN

61,69

51,32

-16,80

EQUITY YIELD

40,34

50,90

26,18

DIAMONDS OF THE GREEK ECONOMY 2014

Diamonds

119

DIAMONDS OF THE GREEK ECONOMY 2014

OFFICE MACHINES Commercial

Exclusive representative for Sony Mobile in Greece

TURNOVER 59.520.814

PROFIT BEFORE TAXES 662.307

Teleunicom was founded in 1995 and has been involved in the telecommunications market from the firm’s onset. The company, which operates from a 2,500-square meter facility, has forged partnerships with all the major retail chains, as well as operators, in the Greek and Cypriot markets, for products concerning mobile telephony, fax machines, printers, Dect telephones, GPS devices, Fixed Wireless Terminals, and computers. In 2009, Sony Ericsson Greece, as the firm was named prior to its current name, Sony Mobile, announced its new association with Teleunicom, as its official and exclusive representative. In 2012, the firm also acquired Sony Mobile’s exclusive representation in Cyprus. This strategic partnership resulted from Sony Mobile’s need to expand its distribution network and interest in offering direct customer service. Teleunicom serves as the exclusive distributor of XPERIA Sony Smartphone in Greece and Cyprus, and is also a supplier of accessories for mobile phones and tablets to major retail chains, as well as independent retailers, in Greece and Cyprus. The firm conducts business with the largest retailers operating in Greece, Plaisio, Vodafone, Public, MediaMarkt, Cosmote, and Ilektroniki being just some of TeleUnicom’s strategic partners in Greece. In Cyprus, the company’s partners include Primetel, Cyta, and MTN. For the Greek market, Teleunicom forged a close partnership with MLS Destinator, one of the largest firm’s in the development of innovative technological products, and the Cypriot firm CYTA, for the market distribution of the IQTALK system. In 2012, the firm posted exceptional increases in both total turnover and net profit. Total turnover increased by 103% to 59 million euro from 29 million euro in 2011. Net profit jumped to 662,000 euro in 2012 from 239,000 euro in 2011, a 176% year-on-year rise. TELE UNICOM SA

Contact Details 21 Ploutarchou st, 15351, Pallini, Attica, Greece. Tel: 210-6664000 Fax: 210-3826605 Email: info@teleunicom.com Website: www.teleunicom.com

120

Diamonds

2011

2012

29.330.801

59.520.814

102,93

239.671

662.307

176,34

GROSS PROFIT (in euro)

2.372.131

5.030.614

112,07

OWN EQUITY (in euro)

1.668.089

1.972.666

18,26

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

6.243.847

7.006.530

12,21

DEBT BURDEN

78,92

78,03

-1,12

EQUITY YIELD

14,37

33,57

133,67

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS COSMETICS Commercial

From Losses to Profits

TURNOVER 58.869.306

PROFIT BEFORE TAXES 3.544.033

Backed by a company history dating back nearly 350 years, Merck nowadays stands as one of the most multi-faceted corporate groups and leading enterprises in the field of pharmaceuticals and chemical formulations, while also being at the forefront as a provider of solutions in biological science. The firm’s history hails back to 1668 with the acquisition of a pharmacy by founder Jacob Merck (1621-1678). The year 1827 was a landmark year for the enterprise, as its head at the time, Heinrich Emanuel Merck (1794-1855), began producing at an industrial scale. The firm is active in four sectors. Its Merck Serono division is active in prescribed pharmaceuticals of chemical and organic origin. The firm’s Consumer Health division is active in over-the-counter pharmaceutical products used in preventive medicine and self-therapy as treatment of light conditions. The Performance Materials division is active in providing high-performance used in power generation for widely used consumer products, as well as lighting, printing, plastics, and cosmetics. Finally, the firm’s Merck Millipore division provides products and services in pharmaceutical research, chemical analysis, as well as pharmaceutical and food production. The company employs approximately 38,000 persons in 66 countries with Merck KGaA as the parent company. It was listed on the Frankfurt stock exchange in 1995 and has been included in the DAX 30 index since 2007. Approximately 30% of the company’s equity is traded publically, while the Merck family holds a majority 70% stake. Last year, the firm launched an international program dubbed “Fit for 2018”, to culminate with the firm’s 350th anniversary. In 2012, the firm’s total turnover amounted to 10.7 billion euro and profit reached 964 million euro. In Greece, Merck employs 61 persons and holds a leading position in the medical fields of multiple sclerosis, fertility, endocrinology, and general practice. In 2012, Merck Serono invested a total of 1.187 billion euro in research and development. At present, 16 research programs are in progress. The firm’s research endeavors focus on fields with high therapeutic needs that are covered by specialized medical experience and a broad technological foundation. The firm’s Greek subsidiary has a strong presence in the Greek market. Sales are primarily generated through hospital orders and pharmacies linked to the country’s National Organization for Healthcare Provision (EOPYY). The firm’s financial figures were affected by the PSI (private sector involvement) procedures connected with Greece’s bailout program. The parent company injected 44 million euro into its Greek subsidiary in 2012. Its turnover reached 59 million euro, which was stable compared to 2011. The Greek subsidiary posted a profit figure of 3.5 million euro in 2012 after incurring a 3-million euro loss in 2011. MERCK

Contact Details Avenue. Kiffisias 41-45 (Building Β) Τ.Κ. 151 23 Marousi, Athens, Greece Τel: +30 210 6165100 Fax: +30 210 6101373 www.merck.gr www.merckserono.gr www.merck-chemicals.gr

2011

2012

CHANGE (%)

TURNOVER (in euro)

59.038.231

58.869.306

-0,29

PROFIT BEFORE TAXES (in euro)

-3.067.341

3.544.033

GROSS PROFIT (in euro)

17.466.118

19.597.949

12,21

OWN EQUITY (in euro)

1.704.183

49.182.001

2.785,96

LIABILITIES (in euro)

42.504.610

13.464.093

-68,32

DEBT BURDEN

96,15

21,49

-77,65

EQUITY YIELD

-179,99

7,21

Diamonds

121

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS COSMETICS Commercial

Mighty portfolio an antidote for the recession

TURNOVER 55.311.267

PROFIT BEFORE TAXES 3.166.528

A leader in the field of personal care, Nivea has taken care of women, and men, for over a century. A familiar brand to Greek consumers since 1930, Nivea is one of the main divisions of the German corporate group Beiersdorf AG, which has enjoyed a strong market presence in Greece since 1968, when Beiersdorf Hellas was formed. Going back to the roots, 130 years ago, company founder Paul C. Beiersdorf and his team of eight employees worked from a Hamburg laboratory, managing orders from doctors and pharmacies around the world. In 1890, the pharmacist Dr. Oscar Troplowitz purchased the laboratory from Beiersdorf and began pursuing an organized effort for the company’s international growth. By 1917, he had established commercial ties in 34 countries, with 42% of sales produced abroad, while, in the early 1930s, the firm had set up 20 points of production employing 1,400 persons. Today, Beiersdorf AG possesses a network of more than 150 subsidiary firms and employs 16,500 persons. Beiersdorf Hellas enjoys a sturdy presence in 18 different product categories. Its Nivea, Liposan, Hansaplast and Duo brands are well known to Greek consumers. Besides these, the company offers men’s and women’s products with the brand names Eucerin, Atrix, Leondos, as well as a premium line of cosmetics, Prairie. The corporate group’s success may be attributed to continual innovation, research, and development, both for new products and the improvement of existing ones. Sales at Beiersdorf Hellas in 2012 declined slightly to 55.3 million euro from 59.6 million euro in 2011, while profits were 3.1 million euro from 3.32 million euro in 2011. On the strength of a mighty product portfolio, the parent company posted a sales increase in 2012, reaching a figure of 6.02 billion euro from 5.6 billion euro in 2011. Pretax profits for the parent company in 2012 were 709 million euro, up from 440 million euro in 2011. BEIERSDORF HELLAS SA

Contact Details Agiou Netariou 2, 153 44, Gerakas Attica, Τel.: 210 - 66 00 000 Fax: 210 - 66 12 344 Site: http://www.beiersdorf.gr/

122

Diamonds

2011

2012

59.600.630

55.311.267

-7,20

3.317.410

3.166.528

-4,55

GROSS PROFIT (in euro)

40.733.586

39.140.226

-3,91

OWN EQUITY (in euro)

19.717.775

19.810.905

0,47

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

14.412.776

12.483.717

-13,38

DEBT BURDEN

42,23

38,66

-8,46

EQUITY YIELD

16,82

15,98

-5,00

DIAMONDS OF THE GREEK ECONOMY 2014

SUPERMARKETS Commercial

Reduced sales figure but net pretax profits rose The first Gountsidis retail outlet surfaced in 1946, selling local products from the provincial region of Drama, northern Greece. The firm was founded by Dimitrios Gountsidis with his brother Yannis Gountsidis. These days, the company has grown into a supermarket chain consisting of 16 outlets, 11 of which are company-owned. Many of the chain’s outlets cover more than 1,000 square meters in floor space. Total investments made by the chain for construction and renovation of its outlets exceed 10 million euro. The supermarket chain employs over 350 persons and contributes greatly to the support of the local economy by purchasing products from local producers and representatives. The firm has been a part of a larger supermarket chain, ELOMAS, since 1994. It is comprised of 19 outlets, including the central storage facility, where the company offices are also located, as well as cash & carry outlets for professionals measuring 2,200 square meters in floor space.

TURNOVER 54.690.760

GOUNTSIDIS SA

PROFIT BEFORE TAXES 1.102.399

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

End of July 1 st, Drama Tel: 25210 26671-3 Website: www.gountsidis.gr

2011

2012

CHANGE (%)

56.158.305

54.690.760

-2,61

974.386

1.102.399

13,14

GROSS PROFIT (in euro)

13.504.864

13.281.525

-1,65

OWN EQUITY (in euro)

9.258.599

10.385.064

12,17

LIABILITIES (in euro)

14.192.331

13.095.708

-7,73

DEBT BURDEN

60,52

55,77

-7,84

EQUITY YIELD

10,52

10,62

0,87

SCHNEIDER ELECTRIC ELECTRICAL MATERIALS Industrial

Turnover 57.264.099 PROFIT BEFORE TAXES 3.480.437

Contact Details 19th km Athens-Lamia national highway 146 71 Nea Erythrea, Tel: +30 210 6295200 Fax: +30 210 6295210 http://www.schneider-electric.com

One in two electrical adaptors is Schneider Electric SCHNEIDER ELECTRIC SA is a subsidiary firm of the French giant Schneider Electric, a Paris-based enterprise specializing in electricity management. Present in the Greek market for over 40 years, Schneider Electric offers products, equipment, and services that offer solutions for power-related purchases, infrastructure projects, buildings, homes, industry, and data centers. These include electricity converters, industrial automation products, power distribution devices, and switches. In Greece, Schneider Electric maintains two basic activities, commercial and industrial. The firm’s commercial activity is backed by sales centers in Athens, Thessaloniki, and Patras, as well as a customer service center, and a customer training center. The company’s industrial activity is backed by a production plant, manufacturing converters, in Inofyta, located in the northern outskirts of Athens. This facility was formerly operated by Elvim. SCHNEIDER ELECTRIC SA 2011

2012

43.997.022

57.264.099

30,15

-644.317

3.480.437

GROSS PROFIT (in euro)

11.243.023

15.492.943

37,80

OWN EQUITY (in euro)

7.838.193

9.073.454

15,76

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

29.535.664

38.323.115

29,75

DEBT BURDEN

79,03

80,86

2,31

EQUITY YIELD

-8,22

38,36

Diamonds

123

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD TRADING Commercial

A true leader in imported food

TURNOVER 54.625.016

PROFIT BEFORE TAXES 1.521.227

LEADER SA is a modern trading firm with a dynamic 15-year presence in the food import and trade sector. The firm was founded in 1990 following a merger involving the sole proprietorship food import company G. Kallinteris, which had already been present in the sector for 20 years. Adopting its operations to modern-day market trends, LEADER managed to develop at a rapid rate and, nowadays, is recognized as a pioneering firm in the food import and trade sector. Beginning its course in 1990, when the firm began its course by supplying dairy products - primarily, to wholesale networks from its Athens distribution base - and dealing with selected provincial centers through representatives, LEADER nowadays ranks as one of the main suppliers to the biggest supermarket chains, as well as independent retail outlets throughout Greece, wholesalers, cash & carry enterprises, international tourism units, mass catering chains, catering service firms, boat and airplane suppliers. The firm employs 150 persons and covers more than 7,000 small and large sales points nationwide. It is based in the Aspropyrgos industrial zone, located on the western outskirts of Athens. Based on refrigeration facilities with a 13,500-sqaure meter capacity, the firm successfully operates 3rd party logistics services, through which refrigeration and nationwide distribution is offered. The firm also runs a modern food packaging facility at its headquarters. Since 2003, Leader SA has provided own-label products, and offers a wide product range. Overall, the firm is active in the following food categories: cheese products (Greek and imported); dairy products (butter, cream, milk); Fish (herring, codfish); soya products (beverages, dessert, creams); and Meggle baguettes. Leader SA has signed a series of deals with major European food companies, these being DMK GmbH, MEGGLE GmbH, BERGADER Privatkaeserei, ALPRO, VIRGILIO, RUECKER GmbH, SARDA FORMAGGI, CAWA FOOD, KASEREI BAYREUTH, JANGAARD A/S. The year 2012 was a positive one for the firm with both sales and profit rises. Sales in 2012 rose by 9.2% to 54.5 million euro from 50 million euro in 2011. Net pretax profit increased significantly, by 41.6%, to 1.5 million euro in 2012 from one million euro in 2011. Further, the year 2013, the company had a further increase on sales, up to 65.000.000. LEADER SA

Contact Details I Nikitara st 193 00 Aspropyrgos tel. 210-5580590 fax: 210-5579603 e-mail: leader@leaderfoods.gr

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TURNOVER (in euro)

2011

2012

CHANGE (%)

50.018.234

54.625.016

9,21

PROFIT BEFORE TAXES (in euro)

1.074.030

1.521.227

41,64

GROSS PROFIT (in euro)

7.635.609

9.218.728

20,73

OWN EQUITY (in euro)

10.917.847

11.213.363

2,71

LIABILITIES (in euro)

23.361.085

21.710.230

-7,07

DEBT BURDEN

68,15

65,94

-3,24

EQUITY YIELD

9,84

13,57

37,90

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

Winning the trust of Europeans

TURNOVER 54.100.280

PROFIT BEFORE TAXES 6.226.477

The foods industry HELLENIC DOUGH - ARABATZIS , operates in the sector of frozen dough products, supporting Ho.Re.Ca. and Retail market . The operational structure of the firm, located in the Industrial Area of Thessaloniki, at a company-owned facility covering 23.500m2 and supported by an extensive sales network powered by a company-owned fleet of trucks. The firm also operates three branches, in Athens, Patras, southwestern Greece, and Ioannina, northwestern Greece, and also collaborates with associates throughout the country. One of the most advanced food-sector industries in Greece and Europe, Hellenic Dough - Arabatzis has striven for high-quality production since the firm’s establishment. This high-quality objective concerns the use of top-quality ingredients and implementation of top-grade systems for quality, safety and hygiene throughout the production process, based on standards in accordance with BS ΕΝ ISO 9001:2000, BS ΕΝ ISO 22000:2005, ΙFS International Food Standard Issue 6: December 2013 (Higher Level). Local sales account for 86% of the company’s total sales, while the remaining 14% concerns exports, primarily to Germany and Cyprus. In more recent years, the firm has also begun exporting to other European markets such as Turkey, Romania, Sweden, and the UK. During 2012 the company achieved the long-term goals set by company management despite the Financial Crisis. Company’s turnover increased by 6,7% reaching €54.1 million compared to €50.7 million the previous year. Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 8,4% reaching at €7.5 million compared to €6.9 million, while PROFIT BEFORE TAXES before tax stood at €6.2 million increased by 10,1%. During period of 2005-2013 investments worth €16 million were made relate to new building nearby the central factory to support new full automatic Pizza & Croissant lines and new cold stores. The firm places particular emphasis on traditional-style products (Greek traditional pies, twirled pies, rolls), and other products commonly found in European cuisine such as croissants, etc. carefully choosing its ingredients and being meticulous in the preparation methods followed. The firm has been rated highly by the ICAP consultancy group and has held steady to its position as one of the “Strongest Companies in Greece”, based on credit ratings as assessed by the ICAP Group. ICAP is recognized by both the Bank of Greece and the European Central Bank as a credit agency. On average, one in ten firms in Greece make it into the “Strongest Companies in Greece” club, a confined community only to the country’s strongest Greek firms, in terms of credit rating. ARAMBATZIS M. SA

Contact Details Industrial Block 24, Sindos, Industrial Area Thesaloniki Tel: 2310-723440 Fax: 2310-795351 http://www.elzymi.gr/ E-mail: info@elzymi.gr

2011

2012

50.710.935

54.100.280

6,68

5.653.764

6.226.477

10,13

GROSS PROFIT (in euro)

11.998.929

13.329.978

11,09

OWN EQUITY (in euro)

24.122.081

29.174.017

20,94

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

21.697.433

18.592.096

-14,31

DEBT BURDEN

47,35

38,92

-17,80

EQUITY YIELD

23,44

21,34

-8,94

Diamonds

125

DIAMONDS OF THE GREEK ECONOMY 2014

PLASTICS - RUBBER Industrial

Major European flexible packaging manufacturer

TURNOVER 53.404.000

PROFIT BEFORE TAXES 4.337.000

FLEXOPACK SA was founded in 1979, in Koropi, less than 30 km from Athens and the port of Piraeus, Greece’s main port, and only a few minutes drive from the “E. Venizelos” Athens International Airport. Initially a family-interest company, it became public on the Athens Stock Exchange in 1996. FLEXOPACK is a major European flexible packaging manufacturer offering a great variety of products, with special emphasis in co-extrusion of barrier and non-barrier films. The company has a strong technical base in extrusion, bag-making, and printing. FLEXOPACK’s primary market is the food industry. Other markets include the printing/conversion industry, personal care, medical, and agribusiness packaging. Production and conversion, warehouses, R & D center, logistics and administration are housed in two neighboring facilities of 15.000m². The company has experienced significant sales growth over the last five years. Dynamically addressing the future, FLEXOPACK is constantly investing to remain at the forefront of flexible packaging. The firm manufactures a great variety of films of the highest quality standards. All products are tailored to match the customers’ specific processing needs and the exact requirements for packaged good. The firm’s product range includes a variety of co-extruded structures up to 9-layers, which can fulfill the requirements of the most demanding packaging machines. Barrier structures include polyamides, or polyamide combinations with EVOH. For special humidity as well as oxygen and odor barriers, the firm has developed co-extruded PVDC structures. All these structures are available to the printing and lamination conversion industry, offering a unique choice of oxygen, aroma/odor and water barriers. Additionally, a large selection of non-barrier 3-layer polyethylene films, using the most advanced technology and resins, is offered for high quality printing and/or lamination. The polyethylene range also includes a wide selection of shrink films addressing the growing demand for multi-packs (bottles, cans, or packs of carton) and a variety of films for personal care, tissue and sanitary products. State-of-the-art 6 and 8-color flexographic printing, greatly enhances packaging presentation and consumer appeal. Total turnover reached 53.404 million euro compared to 46.906 million euro. Earnings before tax at the firm reached 4.337 million euro from 4.137 million a year earlier. During the 2012 fiscal year, the firm exported to approximately 40 countries. Exports, until the end of 2012, represented 76.12% of the firm’s total turnover figure. The firm is committed to international growth. A recent loan taken on by the firm, valued at 3.5 million euro, is being used to finance the firm’s activity in this direction. FLEXOPACK S.A. PLASTICS INDUSTRY

Contact Details THESSI TZIMA, 194 00 KOROPI ATTIKI - GREECE TEL: (+30 210) 66 80 000, FAX: (+30 210) 66 26 583, Email: flexopack@flexopack.com

126

Diamonds

TURNOVER (in euro)

2011

2012

CHANGE (%)

46.906.000

53.404.000

13,85

PROFIT BEFORE TAXES (in euro)

4.137.000

4.337.000

4,83

GROSS PROFIT (in euro)

7.776.000

9.329.000

19,97

OWN EQUITY (in euro)

40.616.000

43.036.000

5,96

LIABILITIES (in euro)

23.552.000

25.227.000

7,11

DEBT BURDEN

36,70

36,96

0,69

EQUITY YIELD

10,19

10,08

-1,06

DIAMONDS OF THE GREEK ECONOMY 2014

PLASTICS - RUBBER Industrial

An 85% proportion of production sold abroad

39,796,930

TURNOVER 53.197.783

PROFIT BEFORE TAXES 1.722.969

Atlas Tapes SA and its subsidiary P. Lantzis SA, are a vertical manufacturer of self-adhesive tapes, the market leader in Greece and one of the largest European producers, exporting over 85% of their production throughout the world. The original company was founded in Athens, by Christopher Lantzis and his sons Takis and Nikos, in 1953, initially producing cellulose tape and later expanded to cloth insulating tape. In 1977 production was moved to Atalanti where it still remains today. Over the years various product lines were added, like masking tapes and various speciality tapes in 1984, Bopp tapes solvent based in 1985, Bopp Film production in 1989, Acrylic water based production in 1990, Flexographic printing in 1996 and Hot Melt production in 1998. Since 2008, Takis Lantzis and his son Jason (third generation) with the support of new investors, have headed the Atlas Tapes company. In the same year, the firm completed its new production plant, a 10,000sqm structure, increasing the covered area of the plants to 25,000sqm, consisting of our new production offices, as well as new fully automated facilities. In 2009, two Rotomec acrylic water-based coating lines were added to the existing production raising the total number of coating lines to eight. A fully automated masking paper impregnation line was added in summer of 2011. At present, the firm employs 220 persons. Its main markets are North America, South America, western Europe, eastern Europe, eastern Asia, southeast Asia, Mid-East Africa, and Oceania. In 2012, the firm posted sales and pretax rises. Sales increased to 53,197,783 euro in 2012 from 53,074,517 euro, a 0.23% rise. Pretax profit rose more significantly, by 7.1%, to 1,722,969 euro in 2012 from 1,608,702 in 2011. ATLAS TAPES SA

Contact Details 68 Varis avenue, Voula, Greece, 166 73 Tel. : +30 210 8995388 Fax.:+30 210 8995386 Website: http://www.atlas-tapes.gr/ Email: info@atlas-tapes.gr

TURNOVER (in euro)

2011

2012

CHANGE (%)

53.074.517

53.197.783

0,23

PROFIT BEFORE TAXES (in euro)

1.608.702

1.722.969

7,10

GROSS PROFIT (in euro)

5.740.007

6.366.151

10,91

OWN EQUITY (in euro)

7.729.024

9.033.416

16,88

LIABILITIES (in euro)

26.145.698

23.641.233

-9,58

DEBT BURDEN

77,18

72,35

-6,26

EQUITY YIELD

20,81

19,07

-8,36

Diamonds

127

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

TURNOVER 52.204.142

PROFIT BEFORE TAXES 4.109.092

Global power in canned fruit market Kronos SA, a company focused on canning peaches, apricots and fruit salad, was founded in 1970 with its base in the heart of the Macedonian region, in the Pellas prefecture, northern Greece, home to the country’s peach orchards. The firm sells 98% of its production to over 80 countries, covering markets in Europe, North and South America, and Asia. Kronos SA’s export orientation has served as the basis for the company’s development in the international market. The last years, the company managed to become less dependent on the European Union countries by entering to new markets. Ranking as one of the largest fruit processors in Europe, and a pioneer in the export of canned Greek peaches, internationally, Kronos SA has maintained a successful course beyond the national borders. Greek peaches have acquired international renown for their good taste, intense aroma, fine texture and competitiveness. Kronos SA managed to combine these characteristics through an advanced, high-level canning procedure with export orientation as its original intention. The firm ranks fourth in the international market. In 2008, the firm launched a new production line for concentrated fruit juice, utilizing all canning leftovers for its production. Also, in 2013, Kronos installed new equipment (boiler etc) that runs on solid fuels, therefore assuring an energy cost reduction for the company as well as heightened environmental protection. Furthermore, the subsidiary firm Kronos Sun Energy runs a 2,5 MW photovoltaic park, the largest in the Pellas prefecture, which are at the parent company’s grounds and roof. It should be noted that, during the time period spanning 2008 and 2013, Kronos SA and its Kronos Sun Energy subsidiary proceeded with a 12 million euro investment for the modernization of industrial facilities, production of new products, environmental protection, safety, personnel hygiene, and green energy.. Τhe company’s head office, warehouse and production facilities cover an area of 50,000 square meters of buildings. The total surface area of the industrial facilities reaches approximately 200,000 square meters. Kronos has managed to remain ahead of market developments in a constantly changing world. In 2007, the company completed an investment for a state-of-the-art production line for peach and apricot puree, thereby expanding its facilities with the concentrates division. Following this investment’s completion, Kronos has the most modern facilities available in the food industry. The total processing capacity of the cannery reaches 50.000 tons. It runs at full capacity 24 hours a day, 7 days a week from June to October. During this period, Kronos employs a total of 800 workers from the surrounding area, making it the region’s largest employer, as the yearly average of permanent employees is 250. It is important to mention that the company has not done any salaries decrease of permanent personnel throughout the economic crisis. On the contrary, more people have been hired. Moreover, Kronos SA has been very reliable to all Creditors, Banks etc, while pays high attention to Social Responsibility. Total turnover from canned peaches and other fruit amounted to 52.2 million euro in 2012 from 41.94 million euro in the previous year, a 24.5% year-on-year rise. Prior to this, the firm had generated a total turnover of 30.98 million euro in 2010 and 35.09 million euro in 2009. In 2013 the turnover was 50,5 million euro and expect Net profit before taxes € 6,4 million euro. -Respect to the consumers, clients and employees. -Quality, competitiveness, service and adapt to the markets’ demands. -One person can do a lot, but all together can do everything. -Success is a during trip that needs DREAM, TEAM, CARE and DARE! KRONOS SA

Contact Details Mavrovouni Skidra -585 00, Greece Tel. +30-23810-89438 | 89795 Fax: +30-23810-81106 http: www.kronos.com.gr e-mail: info@kronos.com.gr

128

Diamonds

2011

2012

41.936.785

52.204.142

24,48

282.593

4.109.092

1.354,07

GROSS PROFIT (in euro)

6.472.808

12.862.403

98,71

OWN EQUITY (in euro)

17.866.860

20.443.899

14,42

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

31.514.282

36.537.973

15,94

DEBT BURDEN

63,82

64,12

0,48

EQUITY YIELD

1,58

20,10

1.170,78

DIAMONDS OF THE GREEK ECONOMY 2014

Diamonds

129

DIAMONDS OF THE GREEK ECONOMY 2014

OFFICE MACHINES Commercial

The largest IT company in the world

TURNOVER 51.710.731

PROFIT BEFORE TAXES 5.814.396

HP is a technology company that operates in more than 170 countries around the world. It investigates the way in which technology and related services can help people and companies address their problems and challenges, to realize their potential, ambitions and dreams. The firm applies new thinking and new ideas to create simpler, valuable and trusted technological experiences, continually improving the way of life and work of customers. No other company offers such a complete portofolio of products as HP. The firm provides infrastructure and business offerings that span from handheld devices to some of the most powerful supercomputing facilities in the world. The firm provides consumers with a wide range of products and services ranging from digital photography to digital entertainment and from computing to home printing. This portofolio helps HP combine the right products, services and solutions to the specific needs of its customers. HP was founded in 1939. The corporate headquarters are located in Palo Alto, California. President and CEO is Meg Whitman. HP is the largest IT company in the world with total revenues of $ 126 billion in fiscal year 2010. HP was ranked tenth in 2010 in the Fortune 500. HP seeks to offer understanding and social awareness wherever it operates. Key areas of contribution are electronic waste, the high level in its global supply chain, and improved access to information technology. The three business groups of HP’s industry drives it into the leadership of the core technology areas. Firstly, heading personal systems such as PC for business and personal use, laptops and workstations. Secondly, the department of Imaging and Printing: Printing inkjet, LaserJet and commercial printing applications, printer supplies, digital photography and entertainment. Thirdly, Enterprise Business: business products including storage and servers, business services and software. HP is focused on three technology transitions that have the potential to radically change the lives and businesses of our customers. Rapid development of information, digital transformation and environmental sustainability. Hewlett Packard Hellas’s financial results for 2012 were as follows: Total turnover reached 52 million euro, down by 3.7% compared to its 2011 figure, while total profit amounted to 5.8 million euro, a 29.5% increase. HEWLETT PACKARD recently signed a deal with COSCO and TRENOSE for trial railway transportation of accessories produced by the US firm, from COSCO’s storage facility in Piraeus to the Czech Republic’s Pardubice, where the technological giant operates an assembly plant. HEWLETT PACKARD HELLAS SA

Contact Details Tzavella 1-3, Chalandri, 15231, Attica Tel: 2111885000 Fax: 2111885377 Website: http://www8.hp.com

130

Diamonds

2011

2012

53.674.662

51.710.731

-3,66

4.489.839

5.814.396

29,50

GROSS PROFIT (in euro)

29.670.208

28.229.405

-4,86

OWN EQUITY (in euro)

3.491.987

7.950.232

127,67

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

23.683.814

22.126.265

-6,58

DEBT BURDEN

87,15

73,57

-15,59

EQUITY YIELD

128,58

73,13

-43,12

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

The country’s largest fish farm supplier

TURNOVER 50.694.068

PROFIT BEFORE TAXES 2.063.902

BioMar group is one of the leading suppliers of high performance fish feed to the aquaculture industry. Our main business areas are feed for salmon and trout in Norway, the United Kingdom, and Chile, and feed for trout, eel, sea-bass, and sea-bream in Continental Europe. BioMar fish feed types cover the full life cycle of the fish including larvae feed, fry feed, smolt feed, grower feed, and brood stock feed. Worldwide the BioMar Group supplies feed to around 60 countries and to more than 30 different fish species, which in addition to the above include species such as cod, turbot, halibut, meager, and sturgeon. BioMar also produces special certified feeds for organic fish farming and a number of value added fish feed products focusing e.g. on fish health or meat quality. In 2012 the BioMar Group had revenue of approx. EUR 1,105 million and produced approx. 1 million tons fish feed using state-of-the-art production facilities in seven countries. The group employs 1,000 persons and operates ten factories in seven countries. The BioMar Group is fully owned by Aktieselskabet Schouw & Co., which is listed on OMX in the Nordic Exchange in Copenhagen. BioMar is organized with a group function and three regions. The group headquarter is located in Aarhus, Denmark. The three regions are: BioMar North Sea ,BioMar Americas and BioMar Continental Europe which covers the needs of an increasing number of fish species in aquaculture with specialized high performance feeds for trout, sea bass, sea bream, eel, sturgeon, arctic char, turbot, meager, and a number of other species. BioMar Continental Europe operates factories in Denmark, Spain, France, and Greece and has a number of sales companies across Europe as well as export activities in Middle East, Asia, and Africa. BioMar Hellenic S.A is the fully owned subsidiary of BioMar Group in Greece and part of its Continental Europe Region. It is a company first established in 1989 and since 2001 operates its own fish feed factory located in the 2nd Industrial Zone of Volos in Velestino, which has a capacity of more than 50.000 tons of production per year. Today it employs more than 30 people many of which are university graduates and some hold post graduate degrees in various relevant scientific fields. The Greek factory of BioMar supplies mainly the Greek market but is also responsible for sales of fish feed in the East Mediterranean, the Balkans and the Middle East countries. Exports constitute 10% of its total sales in more than 10 countries of the area. Apart for the feeds for sea bass and sea bream the factory produces feed for trout, sturgeon, pagrus, meager and carp. BioMar is conducting R&D activities in Greece in collaboration with fish farmers and Greek institutions and universities. BioMar Hellenic has demonstrated steady growth of sales volumes, turnover and profits and it is fully committed to the development of the Greek Aquaculture sector being its largest independent fish feed supplier and the only major international fish feed company with investments in Greece. BIOMAR HELLENIC SA

Contact Details Β’ Industrial Zone Volos 6th Block 37500 Velestino Tel: +30 24250 61500 Fax: +30 24250 24031 E-mail : info@biomar.gr www.biomar.gr

2011

2012

46.486.498

50.694.068

9,05

961.215

2.063.902

114,72

GROSS PROFIT (in euro)

7.541.183

8.836.613

17,18

OWN EQUITY (in euro)

8.056.354

9.768.553

21,25

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

25.370.269

32.839.641

29,44

DEBT BURDEN

75,90

77,07

1,55

EQUITY YIELD

11,93

21,13

77,08

Diamonds

131

DIAMONDS OF THE GREEK ECONOMY 2014

COSTAS G. XYDIAS PHARMACEUTICALS COSMETICS Commercial

Exports in Global Scale. Costas G. Xydias SA is one of the biggest pharmaceutical wholesaler companies in Greece, trading branded medical and para-pharmaceutical products to numerous clients in the Greek Pharmaceutical Market, as well as all over the world. The company started its operation in 1983 and since then has managed to gain high recognition and trust in the pharmaceutical world. In 2012, the firm posted reduced total turnover and net pretax profit figures. Total turnover fell to 49.8 million euro from 56.1 million euro in 2011, an 11.2% reduction. Net pretax profit declined to one million euro from 1.2 million euro in 2011, a 16.7% fall.

TURNOVER 49.897.849

COSTAS G. XYDIAS SA PHARMACEUTICAL DISTRIBUTOR

PROFIT BEFORE TAXES

2012

CHANGE (%)

56.195.556

49.897.849

-11,21

1.024.620

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

1.229.739

1.024.620

-16,68

GROSS PROFIT (in euro)

6.400.914

6.450.213

0,77

OWN EQUITY (in euro)

2.201.910

2.674.660

21,47

LIABILITIES (in euro)

Solomou str. 65, Athens 104 32, Greece Tel: +30 210 5242089 Fax: +30 210 5246347 E-mail: info@xydias.gr Website: www.xydias.gr

PLASTICS - RUBBER Industrial

TURNOVER

9.929.304

7.565.702

-23,80

DEBT BURDEN

81,85

73,88

-9,74

EQUITY YIELD

55,85

38,31

-31,41

Profits skyrocket 705% Alfabetaroto SA has been active in the production of flexible packaging materials for almost fifty years. Over this period, the firm has established itself as one of the sectorâ&#x20AC;&#x2122;s most reliable companies in Europe. The firm was established in the 60s by the Argyropoulos family. It expanded its operations into the Balkans in 1997 and, six years later, penetrated the markets of western Europe. The firm, which collaborates with major producers such as Barilla, Cadbury, Danone, and Nestle, employs a total of 160 persons. Having invested 30 million euro between 2005 and 2011 for production facilities concerning paper bags and plastic membranes for fresh fruit, bottled water, nuts, various coffee types, detergents, as well as various other products, Alfa Beta Roto has established itself as a major player on a European level.

47.193.199

ALFA-BETA ROTO SA

PROFIT BEFORE TAXES

2011

2012

41.451.827

47.193.199

13,85

825.260

6.643.272

704,99

GROSS PROFIT (in euro)

5.759.749

7.443.006

29,22

OWN EQUITY (in euro)

13.417.818

19.362.925

44,31

LIABILITIES (in euro)

6.643.272

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

2 Kapsorachi, 12241, Egaleo, Athens. Tel: +30 210 34 56 454, Fax: +30 210 34 72 251 email: infoath@alfabetaroto.com website: http://www.alfabetaroto.com/

132

2011

Diamonds

CHANGE (%)

37.094.818

20.974.003

-43,46

DEBT BURDEN

73,44

52,00

-29,19

EQUITY YIELD

6,15

34,31

457,83

DIAMONDS OF THE GREEK ECONOMY 2014

ΜΗΧΑΝΗΜΑΤΑ Industrial

Leading presence in the packaging sector over past 64 years

TURNOVER 48.569.349

PROFIT BEFORE TAXES 1.811.421

Tetra Pak is a leading company for processing and packaging solutions in the food sector worldwide. The group announced a net sales figure of 11.1 billion euro, worldwide, for 2013, up by 3.5% compared to the previous year’s performance. Tetra Pak Hellas S.A. is a subsidiary firm of Tetra Pak with a history in Greece dating back to 1983. Besides serving the markets of Greece, Cyprus, and Israel, the subsidiary firm expanded its coverage in the middle of 2008 to also serve other markets in southeast Europe, namely Romania, Bulgaria, and Moldova. The firm maintains offices in Athens and Bucharest for maximum customer support in the region. The subsidiary’s headquarters are located in Athens, where approximately 50 persons are employed. The firm offers over 10 types of packaging options covering the categories of milk, cream, juices, tomato products, oil and wine. In the food processing sector, the firm offers innovative solutions for dairy products, juice concentrates, ice cream, cheese, tomato and soya products. Besides packaging, the firm also offers a series of other products and services, such as distribution equipment, automation and processing solutions, as well as filling machines. The company operates on the principle of “protecting what is good”. This company pledge concerns not only the safety of food consumed, but also relates to minimizing environmental impact by helping customers, worldwide, build their businesses through robust and reliable food supply chains. Highlighting this commitment, the firm produces over 27 billion eco-friendly packaging items per year displaying the Forest Stewardship Council (FSC) sign of approval. In 2012, Tetra Pak Hellas’s revenues, according to the company balance sheet, reached 48.57 million euro from 47.32 million euro in 2011, a 2.6% increase. It subsequently issued increased dividends to the parent company. The firm posted an EBITDA figure of 2.47 million euro in 2012, up by 14.9% from the 2.15 million euro posted in 2011. The subsidiary firm’s earnings before interest and tax (EBIT) figure amounted to 2.26 million euro in 2012 from 2.1 million euro in 2011, a 7.6% increase. Net pretax profit reached 1.81 million euro from 2.2 million euro a year earlier, a 17.7% decline. Net profit (after tax) reached 1.1 million euro in 2012 from 1.46 million euro in 2011, a 24.7% reduction. This result stood at 89.4% of the firm’s average OWN EQUITY level throughout the financial year. TETRA PAK HELLAS SA

Contact Details 56 Kifissias Avenue & Delfon Str. Gr 151 25, Marousi, Athens, Greece Tel.: +30 210 6167500 Fax.: +30 210 6199690 Email: maria.sigala@tetrapak.com www.tetrapak.com/greece

2011

2012

47.320.624

48.569.349

2,64

2.204.035

1.811.421

-17,81

GROSS PROFIT (in euro)

11.234.891

11.566.730

2,95

OWN EQUITY (in euro)

1.229.000

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

11.164.286

8.502.425

-23,84

DEBT BURDEN

90,08

87,37

-3,01

EQUITY YIELD

179,34

147,39

-17,81

Diamonds

133

DIAMONDS OF THE GREEK ECONOMY 2014

VITOGIANNIS BROSS METAL PRODUCTS Industrial

Paving our road to success, we leave no elements to chance Established in 1955, three generations of our family have worked hard running our business in such a manner as to enjoy today a reputable presence in our global market segment and a dignified contribution to the Greek economy. Accounting for the geographical and structural limitations of our economy, we like to observe “acting locally but thinking globally”, bravely solidifying Astir among the biggest international crown cork manufactures. Over 90% of our production is exported to more than 45 countries worldwide, while supplying all of the renowned conglomerated bottling beverage and brewing groups, thus sustaining our commercial target of having an uninterrupted strong presence in their supply chain. This year we are proud to announce that we have expanded our presence to North America, where our new production facilities in Canada are rapidly enjoying substantial sales growth, and our crowns are used in more than 35% of the North American brewers.

TURNOVER 47.193.199

VITOGIANNIS BROS SA

PROFIT BEFORE TAXES 6.643.272

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Position Draseza, Ind. Park of Avlona, P.C. 19011 - P.O. Box 16 - Attiki, Greece Tel: +30 22950 29371 Fax: +30 22950 29373 Website: http://www.vitogiannis.gr

FOOD TRADING Commercial

TURNOVER

14.571.745

27.473.944

88,54

902.381

3.261.764

261,46

6.718.077

111,86

OWN EQUITY (in euro)

5.372.473

7.829.837

45,74

LIABILITIES (in euro)

7.653.203

9.221.999

20,5

16,80

41,66

147,98

DEBT BURDEN EQUITY YIELD

Leader in distribution and trade of cheese products Viotyr S.A., with more than 40 years of experience and expertise in marketing and distribution of dairy products, is among the biggest growing companies in the Greek food industry and probably the foremost expert in the field of dairy products. Our range of products includes original Greek products and imported products produced from top class ingredients and recipes which make their quality and taste incomparable. Having the support of a sophisticated top-production company located at the regions of Trikala, we have the experience and the ability to have the products of your interest made with special recipes. The marketing and distribution is done in our facilities in the Industrial Area of Koropi, Athens and in our subsidiaries in Thessaloniki and in the Industrial Area of Kavala, Chrysoupoli. Viotyr’s S.A. and our subsidiaries’ facilities are all implemented with all the modern methods of storage, maintenance and distribution, as determined by the certificated management and food safety of ISO 22000. VIOTYR S.A - DAIRY PRODUCTS 2011

2012

42.390.329

46.899.338

10,64

574.742

852.072

48,25

GROSS PROFIT (in euro)

4.394.821

5.828.795

32,63

OWN EQUITY (in euro)

3.173.016

3.795.944

19,63

LIABILITIES (in euro)

16.083.574

18.372.385

14,23

18,11

22,45

23,96

852.072

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Diamonds

CHANGE (%)

3.170.981

PROFIT BEFORE TAXES

134

2012

GROSS PROFIT (in euro)

46.899.338

Tel: 210 66 20 614-7 Fax: 210 66 20 619 Location: Alonistra, Koropi Industrial zone Post code 19400 E-mail: info@viotyr.gr

2011

DEBT BURDEN EQUITY YIELD

CHANGE (%)

DIAMONDS OF THE GREEK ECONOMY 2014

BEVERAGES Industrial

The water of our life

TURNOVER 45.078.438

PROFIT BEFORE TAXES 4.043.175

Chitos S.A. dates back nearly 57 years of producing everyone’s favorite ZAGORI Natural Mineral Water, a label that has been earning the company prestige and a reputation for innovation and premium quality beyond Greece’s borders since the ‘80s. Today CHITOS S.A. is one of the most pioneer and successful Greek companies with leading presence to the sector of bottled waters, which contributes continuously and essentially to the national economy. It has two privately owned recognized springs of natural mineral water and two plants of bottling, with eight production lines to the regions of Perivleptos and Kranoula of the broader region of Zagorochoria. At the same time, it has a third industrial plant to the Industrial Zone (VI.PE.) of Ioannina, in which are manufactured pet – preforms and plastic caps through vertical integration and supporting of the two fillers operation. ZAGORI Natural Mineral Water bottling is proceeded by edge technology machinery, guaranteeing a sealed and microbiologically sterile bottling in less than 5 sec. per unit, with no human intervention. CHITOS S.A., is one of the healthiest, dynamically developing companies of the country. Following a steady, long term investment strategy to ultra-modern infrastructures, the company ensures the provision of qualitative natural mineral water “ZAGORI” with respect to the environment and humans. Equally important factor of the company’s development is the sector of exports. CHITOS S.A. exports ZAGORI Natural Mineral Water already to 20 countries worldwide (USA, Canada, E.U., Balkans, South Africa and others) while at the same time is developed to the markets of India, Congo, China and Russia. The result of the healthy entrepreneurship and the practical demonstration of this is the fact that CHITOS S.A. for 2013 has absorbed the reduction of employees’ wages which arose from the implementation of the memorandum. At the same time, the company has not proceeded to any reduction not only to the salaries but also to the number of its employees. At this time the company employs directly and indirectly to more than 1.200 persons in total. CHITOS S.A. continues its successful course by staying consistent, and aiming at the sustainable growth and progress, supporting essentially the Greek economy. CHITOS SA - ZAGORI NATURAL MINERAL WATER

Contact Details 12ο Km. Ioanninon Konitsas, 455 00 Ioannina, Τ: 2651061843, 2651085033-4 F: 2651037074 Website: http://www.zagoriwater.gr

2011

2012

42.072.402

45.078.438

7,14

4.064.129

4.043.175

-0,52

GROSS PROFIT (in euro)

18.204.587

19.210.790

5,53

OWN EQUITY (in euro)

27.427.828

31.248.040

13,93

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

14.734.151

13.741.525

-6,74

DEBT BURDEN

34,95

30,54

-12,60

EQUITY YIELD

14,82

12,94

-12,68

Diamonds

135

DIAMONDS OF THE GREEK ECONOMY 2014

CHEMICALS Industrial

Nearly 90% of HB BODY sales generated abroad, in 75 countries

Elias Vasileiadis

TURNOVER 44.288.408

PROFIT BEFORE TAXES 7.189.947

HB BODY S.A. was established in 1982 with the aim to produce and distribute high quality products for the automotive refinishing industry. The firm was founded by Ilias Vassiliadis, who remains president and managing director to this very day. The firm began operating in Thessaloniki’s Kalamaria district, from a semi-basement measuring 150 square meters. Today, they are situated in both Thessaloniki and Athens, on 120.000m2 of land. The firm has warehousing and production facilities covering 80.000m2. Product research, design and development, administrative offices, training centre and the auditorium cover a further 10.000m2. The auditorium seats 120 people with the ability for 3 language translations simultaneously. HB BODY exports to approximately 75 countries and is planning a more organized presence in the markets of the Middle East, Far East, South Africa, Australia, USA, South America as well as neighboring Turkey, through representatives and technical teams. “Our objective is the global market, 135 countries. There is no such thing as a rich and poor country,” he noted. The company has invested more than € 65 million since 1994 with OWN EQUITY without any bank loan. The company is proud of its technologically advanced logistic warehouse of empty tins where 7.000 pallets can be stored through a computerized system, the only such facility in Greece and one of just a few in Europe. The year 2012 brought about increased sales and profits for the firm. Total turnover reached 44.5 million euro and pretax profits amounted to 7.2 million euro, compared to turnover of 42 million euro and pretax profit of 6.5 million euro in the previous year. Nearly 90% of the firm’s sales are generated abroad. Also, the firm managed to increase its local market share as small-scale importers were unable to survive the recession. H. B. BODY SA

Contact Details 570 22 SINDOS INDUSTRIAL AREA THESSALONIKI GREECE Tel.: +30 2310 790000 Southern Greece Sales Department (Athens Branch) Tel.: +30 210 55 90 411-13 Fax: +30 210 5590 713 Website: www.hbbody.com

136

Diamonds

2011

2012

41.646.597

44.288.408

6,34

6.428.180

7.189.947

11,85

GROSS PROFIT (in euro)

14.990.368

16.507.631

10,12

OWN EQUITY (in euro)

50.449.355

57.809.238

14,59

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

6.941.192

6.484.999

-6,57

DEBT BURDEN

12,09

10,09

-16,60

EQUITY YIELD

12,74

12,44

-2,39

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS COSMETICS Commercial

Profits skyrocket 170% in 2012 MARVIFARM SA is a wholesaler and distributor of prescription and over-the-counter pharmaceuticals. The company is based in the Athenian district of Nea Filothei. Marvifarm’s distribution network covers market needs at numerous sales points around Greece, as established by the firm’s highly trained team. The firm’s personnel includes a highly trained sales and marketing department, call center, and distribution management. The pharmaceutical firm posted exceptional financial results in 2012. Total turnover rose to 43.1 million euro from 39.9 million euro in 2011, a 7.9% increase. Net pretax profit skyrocketed to 1.3 million euro in 2012 from 490,000 euro, an impressive 170.3% increase.

TURNOVER 43.134.501

MARAGOS B. PHARMACEUTICAL DISTRIBUTOR

PROFIT BEFORE TAXES 1.326.444

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

24 Perrikou st Nea Filothei, 115 24, Attiki Tel: 210 3837008, 210 6925501 Fax: 210 3837788 e-mail : info@marvifarm.gr

PUBLISHING - PRINTING Industrial

2011

2012

CHANGE (%)

39.994.240

43.134.501

7,85

490.807

1.326.444

170,26

GROSS PROFIT (in euro)

2.295.068

3.116.282

35,78

OWN EQUITY (in euro)

2.266.190

3.283.259

44,88

LIABILITIES (in euro)

12.780.804

9.678.819

-24,27

DEBT BURDEN

84,94

74,67

-12,09

EQUITY YIELD

21,66

40,40

86,54

Food, decorative & Promotional Packaging Hatzopoulos SA specializes in the design, development, and production of flexible packaging materials. Founded back in 1931 by Athanassios Hatzopoulos, the company nowadays ranks as the market leader in its field in Greece, while also being one of the sector’s fastest growing firms in southeast Europe. The enterprise operates two industrial facilities in northern city Thessaloniki as well as an optimally organized sales network in Greece and Europe. More specifically, the firm followed up its successful branch openings in France and the Netherlands in 2013, as well as in the UK during the summer of 2012, by furthering its expansion drive in the Spanish market, in Vitoria, through a local representative. The Greek company also maintains offices in Serbia and Bulgaria. Product categories offered by the firm include food packaging, decorative packaging, and promotional packaging. At present, the company employs some 225 persons, while its exports, to over 25 countries, represent 65% of the firm’s total sales.

Turnover 51.783.137

CHATZOPOULOS 2011

2012

48.817.675

51.783.137

6,07

722.095

1.193.313

65,26

GROSS PROFIT (in euro)

7.546.312

7.918.314

4,93

OWN EQUITY (in euro)

18.530.872

18.981.880

2,43

LIABILITIES (in euro)

PROFIT BEFORE TAXES 1.193.313

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

26th October Str., 162, 54628, Thessaloniki, Greece Τel: +30-2310-551801, Fax: +30-2310 540673 e-mail: sales@hatzopoulos.gr Website: http://www.hatzopoulos.gr

CHANGE (%)

45.270.095

43.561.642

-3,77

DEBT BURDEN

70,96

69,65

-1,84

EQUITY YIELD

3,90

6,29

61,33

Diamonds

137

DIAMONDS OF THE GREEK ECONOMY 2014

NON METALLIC MINERALS Industrial

Contact Details Industrial Zone Drama P.O.: 661 00, Greece Tel.: 2 5210 81126, Fax: 2 5210 81234 e-mail:pavlidismg@otenet.gr

TURNOVER 42.519.221

PROFIT BEFORE TAXES 13.465.945

Revenues and profitability places the firm in first place among other Greek firms in the sector The company was founded in 1980 and has its headquarters in the Industrial Area of Drama. After a period of investments and significant development, it is now considered one of the top businesses in the marble sector and has become established internationally because of its intense orientation toward exports, since more than 60% of its products are exported to more than 40 countries all over the world. In 2000, it was first in exports, since it accounted for 13% of annual exports in its field from its country. Approximately 80% of the firm’s exports head the way of southeastern Asian markets, China being the biggest recipient. The company is verticalized and active in the extraction, processing, and sale of processed and unprocessed marble products, as well as the processing and sale of granite products in Greece and abroad. It specializes in production and processing of white and semi-white types of marble, which are extracted from the company’s own quarries in the Provinces of Drama and Kavala, whose reserves are more than sufficient. The company’s dynamic development is based on continuous research into new materials, specialized personnel, and investments in the latest technology. The strength of the Pavlidis quarries is based on their high proportion of useful materials, their inexhaustible reserves and the superior quality of materials. 6 different materials are excavated: white and semi-white types of marble, 3 of which are world exclusives, ARISTON, VENUS and DOLIT. Continuous scientific research in order to find deposits of raw material is one of the basic components of the company’s business activity, aiming at its development. The company applies modern methods of excavation that are environment-friendly and follows environmental rehabilitation programs in its quarries. Their factory facilities in Drama extend over an expanse of 100,000 m2, 20.000 m2 of which consist of buildings. The company’s objective is to attain high standards of quality while reducing the cost of production, in order to be competitive on the world market. In 2001, by carrying out an investment in the purchase of new automated machinery (for both granite and marble) with cutting-edge technology, they increased productive capacity so that the company would be able to satisfy various requirements of clients all over the world. For this reason, the company is known both for the quality of its products and for its ability to satisfy its clients in quantitative terms as well, supplying large projects worldwide. In 2001, yearly production amounted to 1.300.000m2 of marble and granite products in slabs, tiles, special dimensions, etc. The firm posted significant sales rises and an even greater improvement in profit figures in 2012. The performance possibly places the firm in first place among other Greek firms in the sector, based on revenues and profitability. According to the company’s 2012 balance sheet, Pavlidis Marble Granite’s revenue for the previous year amounted to 42.52 million euro from 38.86 million euro in the previous period, a 9.4% rise. The firm improved its gross profit margin figure to 47.9% from 43.1% in 2011, a development that produced a gross profit figure of 20.38 million euro compared to 16.73 million euro a year earlier, a 21.8% rise. The firm’s earnings before interest, taxes, depreciation, and amortization (EBITDA) was also improved at 16.43 million euro, a 26.5% rise, as was its earnings before interest and taxes (EBIT) figure, which reached 13.12 million euro, a 40.9% increase. PAVLIDIS MARBLE GRANITE SA

Contact Details Industrial Zone Drama P.O.: 661 00, Greece Tel.: 2 5210 81126, Fax: 2 5210 81234 e-mail:pavlidismg@otenet.gr

138

Diamonds

2011

2012

38.857.431

42.519.221

9,42

9.663.224

13.465.945

39,35

GROSS PROFIT (in euro)

17.673.485

22.981.579

30,03

OWN EQUITY (in euro)

40.304.168

51.947.264

28,89

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

8.204.509

9.157.310

11,61

DEBT BURDEN

16,91

14,99

-11,39

EQUITY YIELD

23,98

25,92

8,12

DIAMONDS OF THE GREEK ECONOMY 2014

MACHINES - EQUIPMENT Industrial

A company that reaches 95% of its sales in Exports.

Dimitris Kiliaris

TURNOVER 40.756.107

PROFIT BEFORE TAXES 1.216.315

The experience, technical knowhow and successfully delivered projects worldwide have spread SABO’s reputation confirming its entrepreneurial ability even in the nowadays challenging business environment. SABO SA, which this year celebrates the 30th anniversary of its establishment, is a Greek firm that, for many years now, has been among the leaders in manufacturing machinery, complete lines for the production of bricks and tiles, while specializing in the automation of production facilities, adjusted to the particular needs and different demands of its clients worldwide. SABO’s proficiency, client orientation, tailor-made solutions and after sales support services, serve as the company’s main strengths. SABO SA, member of SABO Group, operating from its company-owned, 25,000 square meter facility in Vassiliko, Evia, northeast of Athens, has a track record that stretches back three decades. The firm began operating its first automated industrial facility in 1984. In 1990, SABO took on its first project beyond Greece, in Algeria. At the beginning of 1994, the general industry sector illustrates its presence by designing its first automation system and at the same time moves ahead by expanding its operations in heavy industry sector, installing systems of movement and stocking of raw materials. These days, SABO holds a dominant position in North Africa - Morocco, Tunisia, and Algeria - and is constantly expanding in central and east Europe, Middle East, Saudi Arabia, Russia, and, more recently, Latin America. SABO’s list of clients continues to grow with new collaborations, as the company is focused on serving clients with the same principles and quality to all the aforementioned markets that constitute 95% of company sales. The firm’s full-range service begins with on-site groundwork, conducted by SICAP SA, the group’s construction company, followed by soil analysis at the firm’s fully equipped facilities. This stage is followed by the design of innovative solutions, based on customer needs. The entire production stage, assembly, and check on procedures is conducted at SABO facilities, supported by SABO Electric, which provides all the needed electrical equipment, and SABO Filiere, which constructs fasteners, moulds, and parts. Continuous development in all domains and a quest for new challenges comprises the core of the firm’s mentality. In 2009, it entered the field of renewable energy sources with the establishment of a firm named SABO Energy. The firm’s extensive experience and knowhow acquired over its long entrepreneurial course, combined with its existing production lines, led to swift development of new production lines, resulting in the construction of solar parks in 2010. The firm has since covered needs for renewable energy sources, both in the wider industrial domain, and residential areas. SABO HELLAS SA

Contact Details Vassiliko - Chalkida | Evia - GREECE Postcode 340 02 Tel: +30 22210 51805-9 Fax: +30 22210 54073 e-mail: sb_sales@sabo.gr www.sabo.gr

140

Diamonds

TURNOVER (in euro)

2011

2012

CHANGE (%)

33.002.863

40.756.107

23,49

PROFIT BEFORE TAXES (in euro)

1.085.739

1.216.315

12,03

GROSS PROFIT (in euro)

7.259.193

8.112.983

11,76

OWN EQUITY (in euro)

11.287.786

12.147.295

7,61

LIABILITIES (in euro)

26.316.534

28.094.951

6,76

DEBT BURDEN

69,98

69,81

-0,24

EQUITY YIELD

9,62

10,01

4,10

DIAMONDS OF THE GREEK ECONOMY 2014

METAL PRODUCTS Industrial

exports 96% of its sales

TURNOVER 40.756.107 euro

PROFIT BEFORE TAXES 1.216.315 euro

ELVAL COLOUR is a subsidiary of ELVAL, the aluminium sector of the Viohalco Group. ELVAL COLOUR, with three production units in Thiva, St. Thomas and Oinofyta, in Greece engages in aluminium coil and sheet coating and the production of composite aluminium panels, corrugated and perforated sheets In its three plants ELVAL COLOUR: 1. Processes sheets and coils using wet and electrostatic powder coating in order to produce aluminium products for the construction, food and automotive industry. ELVAL COLOUR is supplementary to the parent company’s operations as regards the manufacture of aluminium sheets for use in the automotive industry 2. Manufactures composite panels and corrugated sheets for the building sector. The product family of ELVAL COLOUR includes etalbond® composite panels which are widely used in building and construction, coated solid sheets for facades, ELVAL ENF™, Ydoral® rain gutters, coated coils and strips for roofing, Orofe®, and functional coatings for anti-graffiti Agraphon®, easy-cleaning Arypon®, high reflectivity and anti-bacterial uses. 3. Forms aluminium sheets into various shapes for use on roofs and building façades, addressing the needs of the construction sector and offers at the same time customized coating solutions to satisfy the needs of most architectural visions. ELVAL COLOUR is ISO9001:2008, ISO14001:2004, OSHAS 18001:2007 accredited for production and quality control, environmental management and health and safety management systems respectively. The company is a member of the European Aluminium Association. Building Board (EAA),the Aluminium Association of Greece, and a member of the European Coil Coating Association (ECCA). ELVAL COLOUR’s business activities contribute to the Greek economy, and the investments made each year lay the foundations for Sustainable Development. ELVAL COLOUR was one of the first plants in Greece to implement a zero liquid emissions plant. ELVAL COLOUR employs a highly skilled workforce of 144 peopld and achieved a turnover of 39.7 million euro, PBT of 3.5 million euro and after tax profit of 1.5 million euro in 2013 at company level, while it has completed an investment plan of 3.2 million euro in the last two years in new product lines and plant modernization. The company exports 96% of its sales with key markets being Germany, Poland, Italy, France, UK, India, Singapore, and China.

Contact Details

ELVAL COLOUR SA

Plant A, 5th km Thiva-Chalkida, 32 200 Thiva Greece Plant B, 3rd km Peripheral Rd Oinofyta-Ag.Thomas 32 011 Agios Thomas, Greece Tel. +30 22620 53594 Fax. +30 22620 5358 Website: www.elval-colour.com

2011

2012

TURNOVER (in euro)

CHANGE (%)

34.656.467

41.829.603

20,70

PROFIT BEFORE TAXES (in euro)

1.826.828

1.794.444

-1,77

GROSS PROFIT (in euro)

4.909.778

6.014.698

22,50

OWN EQUITY (in euro)

43.460.301

44.987.277

3,51

LIABILITIES (in euro)

20.148.006

18.896.285

-6,21

DEBT BURDEN

31,68

29,58

-6,62

EQUITY YIELD

4,20

3,99

-5,11

Diamonds

139

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

TURNOVER 35.023.514

PROFIT BEFORE TAXES 394.380

Flourmill at countryâ&#x20AC;&#x2122;s edge For a period of 35 years FLOUR MILLS THRAKIS I.OUZOUNOPOULOS S.A. has been active in the wheat flour market not only the Greek but also the foreign. (It exported large quantities of flour in most of the Middle East and African countries, Members of the E.U., Albania, Russia e.t.c.). The company with its factory is located in Alexandroupolis (North East of Greece), only 2 kilometers away from the city port , the railway station, the motorway Egnatia and the local airport. Alexandroupolis is only 280 km away from Istanbul, 300 km from Thessaloniki and Provdiv, 460 km from Sofia and 500 km from Bucharest and Izmir. Athens the capital of Greece is 850 km away. 120 employees are working at the Company either in the factory and its administration offices in Alexandroupolis or at its distribution centers in Athens and Thessaloniki. The Wheat Mill has recently been modernized under an investment project for the remodeling of the existing wheat mill. Its capacity is 300tn/ day. The Wheat Milling Plant offers process technology and advanced engineering for the processing of soft and durum wheat. Supplier of the plant equipment is the world class producer, Buhler, Switzerland. FLOUR MILLS THRAKIS is one of the leading companies producing wheat flour in Greece, with a turnover exceeding thirty five million Euros per year. Today it sells its products all over Greece, in Bulgaria, Romania, Cuprus and Albania. The management of the company has passed recently to the third generation. The shareholders and the managing director Mrs. Constantina Ouzounopoulos, an engineer, holding an MBA degree from INSEAD, created a capable managerial team that invests in technology and human resources. The company places systematic effort and capital on the quality of its products, its relations with the clients and innovation. Specialty flours and innovative products of healthy foods under INNOVART brandname satisfy the needs of family bakers, the medium and large size industry within Greece and the neighboring countries. Products are delivered also to consumers appropriate for all uses. A major concern of the company is related to the careful selection of the milling wheat mainly imported from several countries but also found in Greece, in an area very close to our flour mill. Recently the company took initiatives to upgrade the quality of the milling wheat in the region of Western Thrace (Greece) in cooperation with the local University Faculty of Agricultural Development and the farmers. Finally among the activities of the company is the trade of the durum wheat, cultivated in the area, which has some of the best characteristics found in the Mediterranean. In the current financially difficult era FLOUR MILLS THRAKIS being consistent with the quality and service, in parallel with the good governance and the improvement of the development of its human power, manages to achieve good economic results, thus financing its ambitious investment projects. Having in mind the future, the plans of the company aim at even better quality, adjustment to the nutritional needs of the consumers through innovative products, expansion of its sales, and finally benefit not only to its shareholders but also the local society, in Northern Greece. THRAKIS MILLS I. OUZOUNOPOULOS SA

Contact Details 2nd Km Nat. Road Alexandroupolis â&#x20AC;&#x201C;Border, P.O.Box 110- 68100 Alexandroupolis, Greece Tel: 25510-26474 and 32088 Fax: 25510-31644 Website: http://myloi-thrakis.gr/

2011

2012

34.046.992

35.023.514

2,87

512.848

394.380

-23,10

GROSS PROFIT (in euro)

9.979.084

10.115.096

1,36

OWN EQUITY (in euro)

11.144.862

11.527.853

3,44

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

25.475.523

25.408.008

-0,27

DEBT BURDEN

69,57

68,79

-1,12

EQUITY YIELD

4,60

3,42

-25,65

Diamonds

141

DIAMONDS OF THE GREEK ECONOMY 2014

BALAKANAKIS BROS FOOD PRODUCTS Industrial

Largest firm in fruit sector BALAKANAKI BROS – OLYMPIAKI FRUIT SA is the Greek fruit sector’s largest firm, based on sales and profit figures. Following several years in the local fruit and vegetable market, the company’s founder, Mr. Athanasios Balakanakis, started supplying European consumers with Greek fresh fruits such as citrus, grapes and apricots in 1976. The company is based in Nafplio in the Peloponnese, at the south of the Greek mainland, where a fully equipped packing facility prepares products cultivated in southern Greece for exportation. The constant increase in product demand has prompted the firm to also export new products, such as stone-fruits, asparagus and kiwis. In order to cover market demand, an ultra-modern packing facility was constructed in 1999 in Pella, Macedonia, northern Greece, where the region’s fruits and vegetables are packaged and exported. In the years to follow, the company plans to continue investing to keep supplying major European market chains with fully controlled, prime-quality fresh fruit and vegetables.

TURNOVER 40.653.480

BALAKANAKIS BROS SA

PROFIT BEFORE TAXES

2011

2012

40.334.426

40.653.480

0,79

3.532.953

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

1.199.610

3.532.953

194,51

GROSS PROFIT (in euro)

7.209.455

10.013.793

38,90

OWN EQUITY (in euro)

12.631.198

14.882.341

17,82

LIABILITIES (in euro)

Argoliko-Nafplio-GR21100 Nafplio, Greece Tel +302752036400, +302752036528, Fax +30252036348 Website: http://www.balakanakis.gr/ Email: info@balakanakis.gr

FOOD PRODUCTS Industrial

TURNOVER

4.386.293

5.265.640

20,05

DEBT BURDEN

25,78

26,13

1,40

EQUITY YIELD

9,50

23,74

149,96

Major industry player operating from geographical fringe In 1963, a group of livestock farmers devoted to their work and true to their homeland tradition in Rodopi, Greece’s northeastern fringe, launched, informally at first and more organized over time, what grew to become the RODOPI dairy firm. The dairy industry gives employment and income to 249 families of local cow milk producers and 800 to sheep and goat milk ones, from who collects select-quality milk. Rodopi is based at a company-owned plot of land with production facilities corresponding to 11.466,68 square meters, by the 3rd kilometer of the Xanthi-Lagos national highway. The firm’s production machinery has been provided by firms internationally renowned for their new and high-level technology and quality, such as Tetra Pak, Alfa Laval. At present, the firm employs 95 persons on a full-time basis. In 2008, Rodopi was acquired by the TYRAS group, run by the Sarantis family.

39.525.422

RODOPI SA

PROFIT BEFORE TAXES

2011

2012

32.411.778

39.525.422

21,95

964.878

836.208

-13,34

GROSS PROFIT (in euro)

4.201.029

4.130.225

-1,69

OWN EQUITY (in euro)

10.051.043

10.645.269

5,91

LIABILITIES (in euro)

836.208

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

3rd km Xanthi-Lagos national highway 67100, Xanthi Tel.: 25410-26525, 22347 Website: http://www.rodopi-sa.gr/ Email: info@rodopi-sa.gr

142

CHANGE (%)

Diamonds

CHANGE (%)

16.017.050

18.945.303

18,28

DEBT BURDEN

61,44

64,02

4,20

EQUITY YIELD

9,60

7,86

-18,17

DIAMONDS OF THE GREEK ECONOMY 2014

OFFICE MACHINES Commercial

Market share leader

TURNOVER 39.510.012

PROFIT BEFORE TAXES 1.905.618

Xerox Hellas is a subsidiary of the Xerox group, which employs over 140,000 persons in 180 countries. In 2013, the group’s revenues reached 21.4 billion dollars and investments in research and development amounted to 600 million dollars, a level that establishes the firm as a global leader in its field. Xeros Hellas was founded in 1972. It offers to the Greek market pioneering products, technologies, and modern methods of quality management. It is active in the wider field of information technology. The firm offers innovative equipment and software for management and production of documents, as well as a wide range of services including consultancy, document digitization, content management, and outsourcing services. The Greek subsidiary employs 130 highly trained persons in the product, services, and administration departments. The firm operates an extended sales and technical support network covering the entire country through 22 representatives and numerous other associates. In 2013, the Xerox brand held the largest market share in A3 multifunctional printing machines, according to Infosource data. Its market share here was 25.6%. Xerox also holds a leading position in the category of large machines, with a 57.14% market share in monochrome machines and 100% share in color high-end systems. Xerox also holds an impressive position in A4 color multifunctional machines with the top spot in the category for machines with a capacity of 31 pagers per minute and over. Overall, Xerox has managed to increase its market share in the sizeable A4 printing and multifunctional machines market by 18%. The market has grown at a rate of just 11%. The firm’s ConnectKey platform, a set of solutions that includes multifunctional machines (MFPs) supported by software solutions, are capable of performing much more than just printing, scanning, and sending faxes. Files may be scanned and saved directly into Cloud services (Dropbox, Google Drive etc) or software archives such as MS Sharepoint. Moreover, files may be printed via any smartphone or tablet on MFPs. In 2013, Xerox was rated as one of the most innovative firms, based on an innovators list numbering over 1,000 American patents. Most recently, Xerox Hellas was awarded a “Best Workplace” prize in the medium-size enterprises category, or firms employing between 50 and 250 persons. Sales at Xerox Hellas remained more or less stagnant in 2012. The firm posted a sales figure of 39.51 million euro, up marginally from the 39.49 million euro posted in 2011. Despite the steady sales performance, net pretax profit declined by 30.7% to 1.9 million euro in 2012 from 2.7 million euro in 2011. XEROX HELLAS SA

Contact Details 127 Syggrou Ave 11745 Athens Sales: 210 9307000 Support: +30 801 11 93769 FAX: 210 9311075

2011

2012

39.492.387

39.510.012

0,04

2.749.437

1.905.618

-30,69

GROSS PROFIT (in euro)

15.552.621

14.673.691

-5,65

OWN EQUITY (in euro)

12.811.991

13.660.955

6,63

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

15.740.752

14.034.225

-10,84

DEBT BURDEN

55,13

50,67

-8,08

EQUITY YIELD

21,46

13,95

-35,00

Diamonds

143

DIAMONDS OF THE GREEK ECONOMY 2014

TUPPERWARE HELLAS PLASTICS - ELASTICS Industrial

Greek plant, one of four in Europe The well-known “Tupperware” brand made its first appearance in America in 1946, when Earl Tupper introduced the WONDERLIER BOWL, which is still sold today. The WONDERLIER BOWL had an advantage over all other food containers as it was lighter, didn’t break like glass or ceramics, and mainly because it was accompanied by a watertight and airtight lid. Despite the revolution that was brought about by the new product, it didn’t sell satisfactorily in supermarkets, as consumers needed a demonstration to understand its uses and operation. In response to the subdued reaction, TUPPERWARE introduced a completely new way of approaching consumers in 1948 - residential demonstrations. TUPPERWARE emerged in Greece in 1964 and, three years later, began operating a factory in Thebes. Today, the Thebes factory is one of four operated by the firm in Europe. It is equipped with modern machinery and highly qualified staff.

TURNOVER 39.316.251

TUPPERWARE HELLAS SA

PROFIT BEFORE TAXES 3.315.272

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Akadimias 4, 106 71, Athens Τel: +30 210 3679300, Fax: +30 210 3602193, Email: GRcustomercare@Tupperware.com Website: http://www.tupperware.gr

FOOD TRADING Commercial

TURNOVER

39.316.251

-1,24

3.055.060

3.315.272

8,52

13.970.780

-1,70

OWN EQUITY (in euro)

4.818.706

5.443.285

12,96

LIABILITIES (in euro)

11.420.152

11.816.414

3,47

DEBT BURDEN

70,33

68,46

-2,65

EQUITY YIELD

63,40

60,91

-3,93

High-profile representative since the 60’s The firm Atlanta has represented and distributed various high-quality products such as Kellogg’s cereals and cereal snacks, Twinings tea, Campbell’s soups, McCormick seasoning, Lorenz snacks, and Kikkoman sauces for over 45 years in the Greek market. Having covered the needs of Greek consumers since 1965, the firm’s main objective is to maintain and widen its representative role in the Greek market. Atlanta’s solid reputation and reliability in the market has helped the firm establish and maintain enduring and stable relationships with clients. Basing its efforts on new trends and market needs, the company aims to offer the best possible services, on a daily basis, to all clients in Greece. The firm acknowledges its dependence on clients, and makes it a point to offer service that exceeds their expectations. Objectives set by the firm for 2013 included high-quality customized services for each client and based on specific needs, tailor-made offers, adjusted services, maintenance of an open line of communications for any issues that may have arisen, and effective distribution aimed at making available products even in the remotest of places. ATLANTA SA 2011

2012

40.895.438

38.754.359

-5,24

1.323.191

1.341.526

1,39

GROSS PROFIT (in euro)

15.934.828

13.291.346

-16,59

OWN EQUITY (in euro)

10.056.666

11.107.424

10,45

LIABILITIES (in euro)

21.344.021

20.592.700

-3,52

13,16

12,08

-8,22

1.341.526

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Diamonds

39.809.133

CHANGE (%)

14.212.257

PROFIT BEFORE TAXES

144

2012

GROSS PROFIT (in euro)

38.754.359

3rd Km. Markopoulo-Peania Avenue P.O. 60806, 153 04 Glyka Nera Attica Τel: +30210 66.75.000 Fax: +30210 66.43.035 Website: http://www.atlanta.gr

2011

CHANGE (%)

DEBT BURDEN EQUITY YIELD

DIAMONDS OF THE GREEK ECONOMY 2014

ROLEX

A STROKE OF GENIUS IN FIVE LETTERS MISCELLANEOUS Commercial

Five letters – like the five points of a star – together with the Rolex five-pronged crown, form the logo of a brand of global notoriety.

On 2nd July 1908, Hans Wilsdorf, the founder of Rolex, officially filed and registered the name ROLEX, as a brand name in Switzerland. Indeed, a name like ROLEX with its three strong consonants and two vowels, corresponds to criteria-short, easy to pronounce and remember-that still apply today in choosing a successful brand name. In 1913, the ROLEX brand was registered internationally. Today it is registered worldwide.Since the death of Hans Wilsdorf in 1960,the name Rolex is associated with the landmarks in the history of watchmaking.

39,796,930

TURNOVER 38.971.289

PROFIT BEFORE TAXES 3.834.279

1926 - the first waterproof and dustproof watch, 1931- the invention of the Perpetual Rotor,the self-winding mechanism, 1945 - the first wristwatch to indicate the date on the dial, 1953 - the first watch guaranteed waterproof to a depth of 100 meters, 1956 - the first wristwatch to show the date and the day of the week spelt out in full. A veritable visionary, Hans Wilsdorf, was ahead of his time. This prolific innovator, left an invaluable legacy to watchmaking and catapulted the Rolex brand to the distinguished position it has occupied for over a century. Indeed, not only did Hans Wilsdorf shape our perception of the wristwatch, its place, its purpose and its potential but he also made Rolex the ultimate reference in fine watchmaking by consistently upholding the values that defy time. Quality, passion and excellence. ROLEX HELLAS SA TURNOVER (in euro)

2011

2012

CHANGE (%)

31.767.443

38.971.289

22,68

Contact Details

PROFIT BEFORE TAXES (in euro)

1.828.664

3.834.279

109,68

3, Stadiou str. 10562 Athens Attica,Greece Tel: +30 210 322 6115 Fax: +30 210 324 8616

GROSS PROFIT (in euro)

6.829.105

8.472.634

24,07

OWN EQUITY (in euro)

1.482.630

2.456.469

65,68

LIABILITIES (in euro)

10.210.150

10.860.014

6,36

DEBT BURDEN

87,32

81,55

-6,60

EQUITY YIELD

123,34

156,09

26,55

Diamonds

145

DIAMONDS OF THE GREEK ECONOMY 2014

MISCELLANEOUS Industrial

Ranked among the top 100 European companies

Thomas Evangeliou

TURNOVER 38.194.452

PROFIT BEFORE TAXES 527.084

SEPTONA was founded in 1975 by two chemists, Thanos Ioannou and Thanassis Mantis. In 1983, 50% of the company was bought by the Evangeliou family, which proceeded with a full 100% acquisition of the firm in 1990. Until that point in time, SEPTONA possessed a limited turnover ability as a small company housed in a 200-square meter building, where production was restricted to cotton buds. These days, the company holds a strong position in the Greek market, supplying it with branded and private-label products. SEPTONA has three modern factories in the industrial area of Inofita, north of Athens, with vertical production for the entire range of cotton products. It employs over 200 people and has enjoyed a steadily increasing turnover from 1990 until today. SEPTONA produces a vast range of products and offers solutions for natural skin care to the contemporary family, with 4 categories: COTTON CARE, BABY PURE, LADY CARE and MEDI CARE. It exports 75% of its production to five continents and 65 countries. Some of the major export destinations of the company are Germany, England, France, and Switzerland. In addition, the firm also exports to less customary countries such as Mongolia, Curaçao, Chile, Zimbabwe, Suriname, Uruguay. A large proportion of the firm’s exports concern private label products for large, international retail chains. The company has been ranked as one of the best ten European export companies, as well as one of top 100 European enterprises. It was awarded the “Ruban d’Honneur” title at the 2013/14 European Business Awards. This pan-European institution is particularly important as it rewards entrepreneurial excellence and exceptional financial performance. The company was tempted to try its luck in the Athens Stock Exchange in the period 1999-2000, but it didn’t proceed with the plan. Later on, its subsidiary was listed on the stock exchange in Sofia, a move that probably vindicated SEPTONA and helped solidify its market position in the neighboring country, while also helping create a sophisticated company-owned plant in Ruse, near the Romanian border. The company, however, ceased trading in the stock exchange in Sofia in early 2011, following a public offer by its parent company. Financial results in 2012 showed an increase in both sales and EBITDA. For the mother company, sales rose by 3.73% to 38,194,452 euro in 2012 from 36,819,346 euro a year earlier with an additional increase of the EBITDA of 11.82% for 2012 which totals 3.934.027,68 Euros . On the other hand, for the Septona Bulgaria, 100% subsidiary of Septona Greece, for the same period of time, sales rose by 15.3% to 15.980.427,75 euro in 2012 from 13.860.611,61 euro a year earlier with an additional increase of the EBITDA of 88% for 2012 which totals 3.498.770,33 Euros . SEPTONA SA

Contact Details Inofita Viotia 32011 PO BOX 95 Greece Tel: 2262 0 31544 Fax: 2262 0 31984 Website: http://www.septona.gr/ Email. exports@septona.gr

146

Diamonds

2011

2012

36.819.346

38.194.452

3,73

490.073

527.084

7,55

GROSS PROFIT (in euro)

10.481.760

12.334.401

17,67

OWN EQUITY (in euro)

6.415.568

6.807.340

6,11

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

24.290.641

24.098.140

-0,79

DEBT BURDEN

79,11

77,97

-1,43

EQUITY YIELD

7,64

7,74

1,36

DIAMONDS OF THE GREEK ECONOMY 2014

MARS HELLAS FOOD TRADING Commercial

Net pretax profit jumps 363% MARS HELLAS is a subsidiary firm of the gigantic and well-known US foods manufacturer MARS. The subsidiary firm’s portfolio is comprised of internationally known chocolate brands (Maltese’s, Twin, Milky Way, m&m’s), ice creams, beverages, rice (Uncle Ben’s), as well as pet food (Royal Canin, Pedigree, Whiskas). In 2013, MARS HELLAS merged with WRIGLEY HELLAS and added the latter’s chewing gum products to its product portfolio. Most recently, during the current year, the firm was ranked 4th in a “Best Workplaces” rating for mid-sized firms employing between 50 and 250 persons. Revenues at Mars Hellas in 2012 fell to 38.56 million euro in 2012 from 42.57 million euro in 2011, a 9.4% decline. Net pretax profit increased to 2.2 million euro in 2012 from 470,000 euro in 2011, a 370% increase, which was achieved following 3.61 million euro in cuts of commercial and administrative costs. Net profit after tax reached 1.62 million euro in 2012 from 220,000 euro in 2011, a 640% rise.

Turnover 38.565.945

MARS HELLAS SA 2011

2012

CHANGE (%)

42.568.551

38.565.945

-9,40

PROFIT BEFORE TAXES 2.196.251

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

473.451

2.196.251

363,88

80-88 Syggrou Ave, 11741, Athens Tel: +30 210 8196200 Fax: +30 210 8000959 Email: mars.hellas@eu.effem.com Website: www.mars.com

GROSS PROFIT (in euro)

24.025.065

21.930.616

-8,72

OWN EQUITY (in euro)

3.873.309

3.794.560

-2,03

LIABILITIES (in euro)

PAPER Industrial

TURNOVER

23.490.487

15.328.390

-34,75

DEBT BURDEN

85,85

80,16

-6,63

EQUITY YIELD

12,22

57,88

373,51

100% Greek company Eurochartiki S.A. is actively involved in paper tissue treatment, in detergents production and in trading of personal hygiene and cleaning products. With an annual turnover of 37.8 million € for 2012, the company stands among the strongest companies in Greece. It is a 100% Greek company which employs 180 people. The tissue converting activity is the core business of Eurochartiki SA and is supported by up to date technologies and fully automatic procedures that ensure maximum capacity, low production costs, quality and flexibility. The plant consists of 18 production lines with total capacity of 250 tons of paper per day. Eurochartiki divides its activities into 3 main sectors, research and development of Endless brand (paper products and detergents), development and production of Private Label products and Exports.

37.897.677

EUROCHARTIKI SA

PROFIT BEFORE TAXES

2011

2012

39.584.296

37.897.677

-4,26

441.952

617.111

39,63

GROSS PROFIT (in euro)

9.533.544

9.104.509

-4,50

OWN EQUITY (in euro)

24.962.478

25.845.988

3,54

LIABILITIES (in euro)

617.111

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

FAKA AREA - GR-193 00 ASPROPIRGOS ATTIKA TEL.: 210 55 12 800 - FAX: 210 55 12 900 email: info@eurochartiki.gr company site: www.eurochartiki.gr

CHANGE (%)

35.813.985

30.814.506

-13,96

DEBT BURDEN

58,93

54,38

-7,71

EQUITY YIELD

1,77

2,39

34,86

Diamonds

147

DIAMONDS OF THE GREEK ECONOMY 2014

HERON THERMOELECTRIC ENERGY Industrial

Sales increase by 120% The firm was founded in 2000 as a subsidiary of the Gekterna group with the objective of developing activities in the fast-growing sector of electricity production using conventional fuels. In 2004, the firm completed construction and launched its first power-generating unit in Thebes, Boeotia. This station, which led the way in the market liberalization of electricity production in Greece, is a 147 MW facility and runs uninterruptedly on natural gas. In 2007, the firm constructed a second station, HERON II, a 435 MW natural gas-fuelled facility, at the same location. In 2009, Gaz de France Suez (GDFS), the world’s largest privately run electricity producer, became an equity partner in HERON. The groups GEK TERNA and Gaz De France Suez have participated in the aforementioned firms with 50% stakes from June, 2009 until the present day. HERON’s total production capacity is 582 MW.

TURNOVER 37.819.000

HERON THERMOELECTRIC SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

1.443.000

TURNOVER (in euro)

17.241.000

37.819.000

119,36

Contact Details

PROFIT BEFORE TAXES (in euro)

-1.370.000

1.443.000

GROSS PROFIT (in euro)

-2.282.000

1.864.000

OWN EQUITY (in euro)

38.188.000

39.085.000

2,35

LIABILITIES (in euro)

124 Kifissias Ave, Athens, 11526 Tel: +30 2130333000 Fax: +30 210 6968690 email: info@heron.gr website: http://www.heron.gr/

15.228.000

26.409.000

73,42

DEBT BURDEN

28,51

40,32

41,44

EQUITY YIELD

-3,59

3,69

GENERAL MILLS HELLAS FOOD TRADING Commercial

TURNOVER

Investing against the tide of the crisis GENERAL MILLS is one of the world’s leading food companies, with more than 150 years of experience in the food industry. General Mills Hellas belongs to the General Mills group, which operates offices or production facilities in over 30 countries and markets products in over 100 countries. In 2012, the group’s net sales amounted to 16.7 billion dollars. General Mills offers consumers around the world products that enhance nutrition, shorten preparation times, provide health benefits, enable on-the-go eating and — of course — taste great. Greek and Cypriot consumers can find a large variety of General Mills products in their stores, such as Betty Crocker dessert mixes, Pillsbury, Häagen-Dazs ice cream and Nature Valley granola bars. The firm is ranked among the Greek food sector’s largest firms. Its offices are located in Kifissia, northern Athens, and the firm’s production facility is in Oinofyta, on the Greek capital’s northern outskirts.

37.760.411

GENERAL MILLS HELLAS SA

PROFIT BEFORE TAXES

2012

36.230.388

37.760.411

4,22

1.104.234

2.010.451

82,07

GROSS PROFIT (in euro)

11.413.363

12.290.767

7,69

OWN EQUITY (in euro)

3.715.060

4.894.187

31,74

LIABILITIES (in euro)

2.010.451

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

6 Andrea Metaxa Street, 145 64 Kifissia Athens, GREECE Phone: 30 210 819 8000 Fax: 30 210 819 8098 Website: www.generalmills.com.gr

148

2011

Diamonds

CHANGE (%)

26.951.449

26.444.123

-1,88

DEBT BURDEN

87,89

84,38

-3,99

EQUITY YIELD

29,72

41,08

38,20

DIAMONDS OF THE GREEK ECONOMY 2014

CLOTHING Industrial

Standing up to the multinationals

TURNOVER 37.160.605

PROFIT BEFORE TAXES 552.601

BSB was founded in 1980 and entered the business of producing and trading women’s clothing. In more recent years, the firm has also made a dynamic entry into the sector of women’s accessories, shoes, underwear, and swimsuits. In 2007, the firm, in a joint effort with the firm AMVIS, launched a pioneering sunglasses and reading glasses series, making these available at optical shops and selected BSB outlets. As a result, the firm now offers a comprehensive range of products, or total look, for women. Nowadays, the firm holds a leading place in the women’s fashion sector with 100 stores in Greece and abroad, as well as over 200 multi-brand stores where its brand is available. The firm holds the exclusive rights for design and production of clothing created by the wellknown English brand Forever Friends. In early 2008, BSB became the first company to create a new eco-friendly series of clothing made entirely with organic cotton. Remaining true to its export orientation, the firm, in recent years, has invested in its development abroad. Having started as a small-scale industry in the 80s, the firm recently managed to open its 100th store, in London. It is present in Turkey, and runs a total of 34 outlets abroad, including in Romania, Cyprus, Egypt, Saudi Arabia, Lebanon, Bulgaria, Albania, Moldova, and Armenia. Plans for the launch of new outlets in Russia and Dubai have been put on hold as the ongoing recession has forced the firm to retreat. Even so, the achievements made to date are lofty. At present, BSB employs 250 persons on a full-time basis as well as over 300 persons through franchised outlets. BSB staff receives training on a continual basis, making it a very significant aspect in the company’s endeavors. BSB operates a facility at its company-owned property in the Nea Philadelphia district, northwestern Athens, by the national highway. Investments at this facility exceed 20 million euro. Spread over 20,000 square meters on a plot of land measuring 2.6 hectares, the facility includes the firm’s administrative division, as well as logistics, tailoring, and quality control departments. In 2012, the firm posted increased sales but moved from profit-making to loss-incurring territory. Commenting on the financial results expected for 2013, managing director Vassilis Bitharas noted: “Sales in 2013 are expected to reach a level of 43 million euro, very close to the forecasts we had made at the beginning of the year. Achieving this turnover figure has not been a simple process. Many efforts needed to be made throughout the year. The committed contribution made by the company’s entire workforce was a crucial factor, as was the level of professionalism displayed by all during this difficult period we are going through.” BSB SA

Contact Details 10th km Athens-Lamia national highway Nea Philadelphia, 143 42, Athens Tel: +30 210 250 9000 Email: info@bsbfashion.com Website: http://www.bsbfashion.com/

2011

2012

32.823.679

37.160.605

13,21

-379.545

552.601

0,00

GROSS PROFIT (in euro)

15.689.556

19.144.567

22,02

OWN EQUITY (in euro)

25.927.914

22.849.972

-11,87

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

16.558.461

26.317.891

58,94

DEBT BURDEN

38,97

53,53

37,34

EQUITY YIELD

-1,46

2,42

0,00

Diamonds

149

DIAMONDS OF THE GREEK ECONOMY 2014

LUNCHEON MEAT EVROS FOOD PRODUCTS Industrial

Producing 500 high quality products The LUNCHEON MEAT EVROU food industrial firm is located in the industrial zone of Alexandroupolis, northeastern Greece. It was founded in 1996 and at the end of 1998 was acquired by the company IFANTIS. It holds all the quality certificates: ISO 9001:2000, HACCP, IMP 88 and implements all quality and sanitary standards as stipulated by the Official Veterinary Service. The firm’s respect for consumers and the environment, quality of its products, consistency, and services offered, both on professional and consumer levels, place it among the leading companies in its sector. At present, the firm possesses a production capacity of 9,000 tons annually, and is in the process of expanding its facility. The company’s products reach the market through its own distribution center in Kifissia, northern Athens, twelve Ifantis distribution centers throughout Greece, as well as direct sales and exports.

TURNOVER 36.422.756

LUNCHEON MEAT EVROS SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

32.360.969

36.422.756

12,55

3.722.343

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

1.328.470

3.722.343

180,20

GROSS PROFIT (in euro)

8.464.132

10.607.007

25,32

OWN EQUITY (in euro)

13.371.915

15.227.812

13,88

LIABILITIES (in euro)

4 Seneka Str., Kifissia 14564 Tel: 210 8196500 Fax: 210 8077644 - 210 8075692 Email: info@ifantis.gr

FOOD PRODUCTS Industrial

14.865.626

14.136.838

-4,90

DEBT BURDEN

52,64

48,14

-8,55

EQUITY YIELD

9,93

24,44

146,05

Ultra-modern equipment for feta cheese production Dairy industry LA FARM SA (Greek Feta – Trikala) was founded in 1960 by Athanassios Plexidas in the village of Parapotamos, Trikala, middle Greece. The firm initially worked as a family-run cheese making venture with the founder making feta cheese using milk produced by his own sheep as well as additional quantities purchased from fellow villagers. Business gradually grew, as did the firm’s reputation for quality Feta cheese. LA FARM SA’s industrial facility, located at a company-owned 100,000 square meter plot of land, is spread over 27,000 square meters by the 6th kilometer of the Trikala-Pyli highway. The facility features ultra-modern equipment for feta cheese production. The firm employs 100 persons in scientific and administrative positions. The firm sells feta cheese, Pindos feta, Elassona feta, and barreled feta.

TURNOVER 35.985.421

LITTLE ACRE MILK FARM SA

PROFIT BEFORE TAXES

2012

CHANGE (%)

1.832.133

TURNOVER (in euro)

26.688.783

35.985.421

34,83

Contact Details

PROFIT BEFORE TAXES (in euro)

2.189.927

1.832.133

-16,34

GROSS PROFIT (in euro)

4.580.831

4.498.654

-1,79

OWN EQUITY (in euro)

6.147.162

20.153.744

227,85

LIABILITIES (in euro)

6th km Trikala-Pyli highway, Trikala, 42100 Tel: 2431084480 Fax: 2431084192 website: http://lafarm.gr/ email: litl42@otenet.gr

150

2011

Diamonds

20.308.276

8.759.220

-56,87

DEBT BURDEN

76,76

30,30

-60,53

EQUITY YIELD

35,63

9,09

-74,48

DIAMONDS OF THE GREEK ECONOMY 2014

CLOTHING - FOOTWEAR Commercial

TURNOVER

Expanding his network to more than 10 countries Calin SA was founded in 1999 but the firm had begun operating in 1994. It serves as the Greek franchise firm for Calzedonia SpA Italia, a producer and trader of socks, tights, and swimwear. The company successfully developed a network of Calzedonia branches, and, from 2000, began developing its Intimissimi network of branches, specializing in underwear. Both networks were developed through a series of franchise deals. From its inception until the present day, the company has achieved an impressive track record. The parent company’s optimal organization, combined with the effective promotion of the Calzedonia brand name in the Greek market, through the network of Calzedonia outlets, owned and franchised, led to the company’s rapid and widespread recognition. In addition, the development of the newer network, Intimissimi, further contributed to the company’s rise. Calzedonia S.p.A. Italia was founded in 1987 in Verona, Italy.

35.283.599

CALIN SA

PROFIT BEFORE TAXES 2.360.137

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Calvou 2 και Paleologou, 152-32 Chalandri, Attica Τel. 210 68 40 005, Fax. 210 68 57 243 Website: http://www.calzedonia.gr/

2011

2012

CHANGE (%)

35.703.615

35.283.599

-1,18

2.844.057

2.360.137

-17,02

GROSS PROFIT (in euro)

13.542.308

14.175.561

4,68

OWN EQUITY (in euro)

5.648.427

5.925.700

4,91

LIABILITIES (in euro)

14.026.788

11.611.490

-17,22

DEBT BURDEN

71,29

66,21

-7,13

EQUITY YIELD

50,35

39,83

-20,90

DEAS FOOD PRODUCTS Industrial

TURNOVER

From the tree, up to the final product DEAS S.A. is a family owned company specializing in olives, located in the central of Halkidiki region where the best Green olives grows up. Started almost 25 years ago from the small olive groves which owned by the family and the traditional home processing, to the up to date advanced ways of industrial production.The results from our knowledge and experience allied by the highly educated staff are our superior quality products, enjoyed everywhere in the world. The factory is equipped with the latest modern technology machinery in order to give us the ability to offer packaging suitable for every product, covering the market and our client’s needs. Our turnover has reached the 18.000 tones and as most of our production is vertically-integrated we look after the production of olives form the tree up to the final product. DEAS SA is the first company in olive business to introduce to the market the unique Double Stuffed olives with 2 stuffs into the same hole of olives.

35.077.364

DEAS SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

2.043.242

TURNOVER (in euro)

29.885.645

35.077.364

17,37

Contact Details

PROFIT BEFORE TAXES (in euro)

1.242.748

2.043.242

64,41

GROSS PROFIT (in euro)

4.120.856

5.353.108

29,90

OWN EQUITY (in euro)

11.595.538

12.062.886

4,03

LIABILITIES (in euro)

KALIVES – CHALKIDIKI 63100, GREECE TEL: + 30 23710 54302 + 30 23710 54315 FAX: + 30 23710 54230 Mail: sales@deasolives.gr Website: http://www.deasolives.gr/

28.781.622

25.435.704

-11,63

DEBT BURDEN

71,28

67,83

-4,84

EQUITY YIELD

10,72

16,94

58,04

Diamonds

151

DIAMONDS OF THE GREEK ECONOMY 2014

AFCO CHEMICALS Commercial

TURNOVER

Thirty-one years of experience in chemicals AFCO is a privately owned marketing company operating in the Sales, Storage and Distribution of a wide range of products focusing in the areas of Polymers, Chemicals, Fertilizers, Pharmaceuticals. Over the years we have built a successful marketing network to meet the ever more demanding needs of customers and suppliers AFCO has a diverse product range applicable to different industries including detergents, food packaging, cables, coatings etc Operating from the head offices in Athens Greece AFCO’s aim is to have a European wide marketing approach. Through many years of experience AFCO have determined a marketing service model that is customer-centered. AFCO has chosen strategically 3 highly professional Warehouse points at the areas of Attica, Viotia and Thessaloniki to meet the rigor requirements of our customers.

35.076.865

AEGEAN FIRST COMPANY AFCO SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

35.736.315

35.076.865

-1,85

989.397

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

1.161.483

989.397

-14,82

GROSS PROFIT (in euro)

2.974.504

2.889.107

-2,87

OWN EQUITY (in euro)

3.161.274

3.942.670

24,72

LIABILITIES (in euro)

25 Sina St, Athens, Greece, 106 72 email: info@afco.gr Tel: (+30) 210-3641010 Fax: (+30) 210-3613305

12.218.155

13.502.634

10,51

DEBT BURDEN

79,44

77,40

-2,57

EQUITY YIELD

36,74

25,09

-31,70

ΕΜΑ TRANSPORTATION EQ. & SPARE PARTS Commercial

Losses converted to profit The firm was founded in 1958 by Mr. Christos Tsoukalis, imtially as EMA EPE (limited liability), a firm active in tyres, machinery, and spare parts, before being converted to an SA company in 1974 as a car part trader and producer. The firm serves as a strategic partner for well known foreign brands and is active in the Greek car aftermarket. It does business in three categories, tyres, lubricants, and service. In the tyres sector, EMA SA represents and distributes the German company Continental AG, which markets several brands. In the lubricants sector, EMA SA imports and distributes products by Castrol, Aral, and 77 throughout Greece. Finally, the firm is the owner and master franchisor of the car service chain Fit&Go, a service and repair chain operating in Greece and controlled entirely by the company. The chain is comprised of 20 outlets around Greece. Clientele is comprised mostly of private vehicle owners, commercial vehicle fleets, dealerships, and long-term car rental companies.

TURNOVER 33.811.611

ΕΜΑ SA

PROFIT BEFORE TAXES

2012

CHANGE (%)

1.310.268

TURNOVER (in euro)

31.293.843

33.811.611

8,05

Contact Details

PROFIT BEFORE TAXES (in euro)

-2.111.343

1.310.268

0,00

GROSS PROFIT (in euro)

9.172.726

8.731.449

-4,81

OWN EQUITY (in euro)

6.325.218

7.402.080

17,02

LIABILITIES (in euro)

17th km Athens-Lamia national highway & 17 Galini st,14564 Tel: 210-62.90.300 Fax: 210-62.90.250 Email: info@ema.gr

152

2011

Diamonds

11.353.554

10.575.055

-6,86

DEBT BURDEN

64,22

58,83

-8,40

EQUITY YIELD

-33,38

17,70

0,00

DIAMONDS OF THE GREEK ECONOMY 2014

CHEMICALS Industrial

The 5 factories his main strength

Michel Darrieus

TURNOVER 34.210.023

PROFIT BEFORE TAXES 2.029.908

Air Liquide, under the name of “L’Oxygene AEBA”, first operated an oxygen and acetylene production unit in Athens in 1909. Ever since Air Liquide Hellas has been the undisputed leader of the Industrial and Medical gases market in Greece, contributing to the development of the country itself. Two world wars as well as financial recessions didn’t seize its operations that has been continuing unhindered ever since the 5th June 1909. It has a network of more than 30 representatives and 40 resellers servicing both industrial and medical customers. Air Liquide Hellas is member of the Air Liquide Group, that is present in 80 countries, employs 50.000 employees and in 2013 had revenues of €15,2 billion. It is active in all world business lines of Air Liquide Group: • Industrial Merchant (Food & Pharma, Waste Treatment, Laboratories, Research Centers, Glass, Lime & Cement, Craftsmen & Worksites, Metallurgy, Biotechnology, Chemical) • Large Industries (Refineries, Steel Mills) • Electronics (TFT, Semiconductors, Photovoltaic) • Healthcare (Hospitals, Home Healthcare Patients One of the core values of Air Liquide on its way to sustainable development is Safety. “Zero Accident” being its target, Air Liquide aims at creating a Safety culture to its employees and collaborators by: • Launching Safety Campaigns on both local & intl levels • Having implemented in all its sites a common industrial management system Air Liquide Hellas is certified by: • ISO 9001 for all its sites & activities • SO 14001 for Aspropyrgos and Florina • ISO 22000 (HACCP) for its products in Food &Beverage industry • SO 13485 & DY/1348 of its HealthCare business» Currently Air Liquide Hellas operates: 5 Production Units in both South & North Greece: Primary Production Unit Tanagra Viotias- Florina Filling Center: Aspropyrgos Attikis / Sindos, Thessaloniki / Tanagra Viotias One Outlet at Moshcato and one home healthcare subsidiary VitalAire Hellas in Athens. AIR LIQUIDE HELLAS SA

Contact Details Θέση Στεφάνι ,193 00 ΑΣΠΡΟΠΥΡΓΟΣ ΑΤΤΙΚΗΣ, Ελλάδα Tel. Center : +30 210 5582700 Web Site: http://www.airliquide.gr E-mail: Orders.ALHSOUTH@airliquide.com

2011

2012

CHANGE (%)

TURNOVER (in euro)

38.760.873

34.210.023

-11,74

PROFIT BEFORE TAXES (in euro)

-2.032.190

2.029.908

GROSS PROFIT (in euro)

20.337.183

18.337.293

-9,83

OWN EQUITY (in euro)

30.926.719

31.553.954

2,03

LIABILITIES (in euro)

21.764.454

19.919.464

-8,48

DEBT BURDEN

41,31

38,70

-6,31

EQUITY YIELD

-6,57

6,43

Diamonds

153

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD TRADING Commercial

Coffee market leader over past 25 years

TURNOVER 34.442.388

PROFIT BEFORE TAXES 4.790.058

Kafea Emporiki Techniki S.A. operates in the Greek espresso market since 1988, as an entirely Greek, family owned business, holding ever since a leading market share in the espresso Ho.Re.Ca. Sector. Its main activities focus on the exclusive import and distribution of espresso illy, one single-loved blend made up of 9 types of 100% Arabica coffees, along with several other high-quality products of international renown and acclaim, such as: premium distillates Nonino, Monbana chocolate, famous Dammann teas, flavoring syrups Routin 1883, La Marzocco and La Faema machinery etc. Kafea has created so far one of the largest distribution networks throughout the country in the Ho.Re.Ca. Sector, as well as in the Retail, covering the 98% of the territory. In 2013, it amounted a total turnover of 37 million euro, presenting a turnover growth of 6% and a sales increase of 21%. Kafea continuously invests in deep know-how, training and technology, having as greater value its partners: The ambassadors of culture and philosophy of espresso. With love, passion and high professionalism Kafea ensures the optimum implementation of actions in order to offer to the final consumer an excellent espresso. Thus, Greece has reached to be the 1st biggest export country of ILLYCAFFE SPA in volumes, importing almost half of volumes that are totally exported to whole Europe. The distinction awarded by ‘’Diamonds of the Greek economy 2014’’ honors our work and we are very pleased that coincides with the 25-year anniversary of illy presence in Greece! KAFEA SA

Contact Details 12, Naxou Str, 190 02 Peania - Athens Tel: 0030 210 6683300 www.kafea.gr , www.illyshop.gr , email: info@kafea.gr https:// www.facebook.com/kafea.illy

154

Diamonds

2011

2012

36.048.012

34.442.388

-4,45

7.173.995

4.790.058

-33,23

GROSS PROFIT (in euro)

15.325.566

12.714.809

-17,04

OWN EQUITY (in euro)

9.449.411

11.040.298

16,84

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

26.421.959

21.205.801

-19,74

DEBT BURDEN

73,66

65,76

-10,72

EQUITY YIELD

75,92

43,39

-42,85

DIAMONDS OF THE GREEK ECONOMY 2014

METALLOURGICAL Industrial

Sales rise amid the deep recession

TURNOVER 33.651.177

PROFIT BEFORE TAXES 1.737.269

ELVIAL is one of the fastest growing aluminium extrusion industries in the Greek and European aluminium market. In 2005, the firm created an innovative production facility equipped with robotic management of aluminium extrusion at new technologically innovative facilities. ELVIAL has managed to set new standards in the aluminium sector and has developed into a modern, technologically advanced, and vertically integrated firm that is devoted to customer needs and not confined to national boundaries. The firm’s dynamic growth in recent years may be attributed to a rise in exports, achieved on the strength of knowhow, experience, and an effective corporate investment plan. The ELVIAL facility, a company-owned property measuring 160,000 square meters, is an internationally innovative aluminium production and processing plant. State-of-the-art technology is applied throughout all stages of the production. Advanced robotic management systems are developed and applied during order preparations. The firm’s ultra-modern production facility includes two extrusion units with a total annual production capacity of 18,000 tons. Three persons overlook proceedings at each production line, implementing strict quality-control inspections of products. The firm’s financial results in 2013 were better than expected, despite the fact that the ongoing crisis in the building and construction sector worsened. Despite the adverse conditions in 2013, ELVIAL continued to invest in personnel, a fundamental component of its successful course. The firm increased its personnel by 15% compared to 2012, while also carrying out significant automation investments to better serve markets such as the auto and airline industries. In 2013, the firm’s total turnover figure increased by 1% to 34 million euro from 33.65 million euro on 2012. Net pretax profit rose by 5% to 1.8 million euro from 1.73 million euro on 2012. The firm’s EBITDA figure reached 4.8 million euro from 5.8 million euro in 2012, a 17% year-on-year fall that was generated by a gross profit margin reduction, as well as increased sales expenditures. The firm’s total debt - all long-term - amounted to 6.8 million euro in 2013 from 13.2 million euro a year earlier. In 2013, the firm self-financed and completed a 3-million euro investment. ELVIAL SA 2011

2012

CHANGE (%)

Contact Details

TURNOVER (in euro)

37.034.504

33.651.177

-9,14

25th km Thessaloniki-Kilkis national highway Τel: +30 23410 39500 Fax: +30 23410 64173 Website: http://www.elvial.gr/

PROFIT BEFORE TAXES (in euro)

1.932.679

1.737.269

-10,11

GROSS PROFIT (in euro)

6.505.627

6.165.093

-5,23

OWN EQUITY (in euro)

28.746.828

30.432.096

5,86

LIABILITIES (in euro)

31.223.647

23.352.459

-25,21

DEBT BURDEN

52,07

43,42

-16,61

EQUITY YIELD

6,72

5,71

-15,09

Diamonds

155

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

Investments worth 20m euro over the past 5 years

TURNOVER 33.632.027

PROFIT BEFORE TAXES 1.755.494

Despite the difficult times for the Greek economy, EPIRUS SA has remained focused on its growthdriven path, as highlighted by the firm’s continuation, during the last five-year period, of an investment plan worth over 20 million euro. In the current year, this investment will reach 4.2 million euro, to finance the installation of a new production line for traditional Greek hard cheeses (kefalograviera and kefalotyri) at the firm’s ultramodern industrial facility in Arta, northwestern Greece. Commenting on the investment driven philosophy at Epirus SA, Mr. Vaggelis Pappas, the firm’s commercial manager, noted: “Continual, rational, and carefully designed development have always been a basic component of our entrepreneurial way of thinking. This is why we have been reinvesting our entire profits, for years now, to improve our infrastructure, as well as the quality and range of our products. In pursuing this strategy, we are reinforcing our leading position in the Greek market, while also meeting requirements for a successful presence in major foreign markets, such as the USA, UK, Italy, Canada, and Australia.” Founded in 1994, Epirus SA ranks as one of Greece’s most modern cheese producing firms. The firm’s industrial facilities are located in the Ammotopo region of Arta. Epirus SA was the country’s first industrial firm to acquire ISO 9002 certification for production and trade of feta cheese. The firm also holds HACCP, ISO 22000, IFS & ISO 9001:2008 certification. It processes approximately 25,000 tons of goat’s milk, annually. In the Greek market, Epirus products are exclusively represented by Optima SA, a member of the same corporate group. Epirus products are rated as premium-grade in the Greek market. The company exports primarily to Australia, Cyprus, Germany, Italy, the Netherlands, Sweden, and the UK. Clients abroad include supermarket chains and wholesalers. As for the company’s commercial arm, Optima SA, it was founded in Athens in 1974, at the capital’s “Pyrgos” or tower, Greece’s tallest building at just over 100 meters tall. “It was the appropriate building to house our ambitions,” noted the firm’s three founders, Pantelis Panteliadis, Ourania Panteliadi, and Agis Vatalas. The firm began operating in the wider food sector before eventually focusing on cheese products, exclusively. In 2012, Epirus SA posted a slight increase in total turnover and a modest decline of pretax profit. Total turnover rose by 2.6%, year-on-year, in 2012 to reach 33,632,027 euro. Pretax profit fell by 3.31% to 1,755,494 euro. EPIRUS SA

Contact Details 1 Sorou st, Metamorphosi, 14451, Attica. Tel: 210 2893400, Fax: 210 2845937 website: http://www.epirus.gr/

156

Diamonds

TURNOVER (in euro)

2011

2012

CHANGE (%)

32.780.143

33.632.027

2,60

PROFIT BEFORE TAXES (in euro)

1.815.589

1.755.494

-3,31

GROSS PROFIT (in euro)

4.138.405

3.984.296

-3,72

OWN EQUITY (in euro)

19.330.575

31.397.438

62,42

LIABILITIES (in euro)

9.479.495

5.714.490

-39,72

DEBT BURDEN

32,90

15,40

-53,20

EQUITY YIELD

9,39

5,59

-40,47

DIAMONDS OF THE GREEK ECONOMY 2014

CHEMICALS Commercial

Leading the distribution of plastic raw materials Pentaplast is the leading distribution company of plastic raw materials in Greece, and an influential polymer supplier in the South Eastern Balkan countries (Albania, F.Y.RO.M., Bulgaria, and Kosovo) with a turnover of 35 million €/annum The company provides, via her excellent logistics facilities and her qualified sales force, a wide range of plastic raw materials like polyethylene, polypropylene, polystyrene, pvc, pet, engineering plastics etc. Pentaplast’s central offices are located in Kallithea, a district between Athens and Piraeus. The owned 6.000 square meters total storage facilities in Aspropyrgos (Athens) and Sindos (Thessaloniki) are strategically located and serve as distribution centers the southern and northern Greece, as well as the neighboring Balkan countries.

TURNOVER 33.209.796

PENTAPLAST SA

PROFIT BEFORE TAXES 1.514.691

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

344, El. Venizelou Str.,4, 17675 - Kalithea Τel: 210 9426060 Fax: 210 9431548 Website: http://www.pentaplast.gr Email: info@pentaplast.gr

2011

2012

CHANGE (%)

36.652.372

33.209.796

-9,39

565.218

1.514.691

167,98

GROSS PROFIT (in euro)

4.242.031

4.775.190

12,57

OWN EQUITY (in euro)

4.635.558

5.161.753

11,35

LIABILITIES (in euro)

14.470.360

13.212.240

-8,69

DEBT BURDEN

75,74

71,91

-5,06

EQUITY YIELD

12,19

29,34

140,66

THEON SENSORS MISCELLANEOUS Industrial

TURNOVER

Greek supplier of defense equipment THEON Sensors was established in 1997 by a group of experienced professionals in the field of electro-optics and is located on privately-owned property measuring 4,000 square meters, with facilities taking up 1,200 square meters, at Koropi, near the new Athens International Airport. The location offers enough space for further expansion. In the years following its launch, the firm has become an internationally recognized developer and manufacturer of night-vision products, nowadays used by a large number of armed forces around the world. The development and manufacturing of products is performed in-house and the company’s main activities fall under two divisions: Electro-Optics and Micro-Electro-Mechanical Systems (MEMS). While THEON Sensors is the main supplier of night-vision equipment to the Greek Army, an international network of customers and partners has been established.

32.955.091

THEON SENSORS SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

2.561.826

TURNOVER (in euro)

22.713.314

32.955.091

45,09

Contact Details

PROFIT BEFORE TAXES (in euro)

-2.190.047

2.561.826

GROSS PROFIT (in euro)

5.819.554

9.370.290

61,01

OWN EQUITY (in euro)

11.121.481

9.465.330

-14,89

LIABILITIES (in euro)

7 Stratigi str., Neo Psychico, 15451, Greece Tel: +30 210 672 8610 Fax: +30 210 672 8624 Website: http://theon.com/ Email: info@theon.com

14.958.001

18.377.136

22,86

DEBT BURDEN

57,36

66,00

15,08

EQUITY YIELD

-19,69

27,07

Diamonds

157

DIAMONDS OF THE GREEK ECONOMY 2014

ALFA AGRICULTURAL SUPPLIES CHEMICALS Commercial

TURNOVER

Alfa covering all needs The firm Alfa was founded in 1983 by Mr. Vassilis Plaisios as an importer of agricultural supplies and, following a series of changes, was converted into a trading company in 1992. It employs 85 persons or which 36 are agriculturalists covering the entire country. The firm maintains offices in Athens, Thessaloniki, Komotini, Larissa, Volos, Arta, and Heraklion (Crete). Alfa offers a large range of products, divided into three categories, propagating material (grain, vegetables, corn, lawn), fertilizers and protective products. In 2000, the firm constructed one of Europe’s most modern facilities for standardization, packaging, and distribution of agricultural supplies in Oinofyta, located on the northern outskirts of Athens. The firm’s production facility is spread over 33,000 square meters, of which 7,000 square meters are sheltered. It is certified with all required industry standards. Since 2005, the firm has operated a production unit for water-soluble fertilizers with an annual capacity of 7,000 MT. Its Thessaloniki storage facility, entirely sheltered, measures 2,500 square meters.

32.890.941

ALFA AGRICULTURAL SUPPLIES SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

32.991.878

32.890.941

-0,31

1.172.750

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

1.452.918

1.172.750

-19,28

GROSS PROFIT (in euro)

8.551.479

8.530.712

-0,24

OWN EQUITY (in euro)

8.318.940

8.713.439

4,74

LIABILITIES (in euro)

73 Ethnikis Antistaseos st 15231, Halandri, Athens Tel: 211 1205555 Fax: 211 1205559 email : alfa@alfagro.gr

32.994.583

20.001.660

-39,38

DEBT BURDEN

79,86

69,66

-12,78

EQUITY YIELD

17,47

13,46

-22,94

AMOIRIDES - SAVVIDIS HYGIENE - CONDITIONING Commercial

TURNOVER

Profit leaps by 670% in 2012 The firm Amiridis – Savvidis SA has been active as an importer and trader of home appliances since 1989. Going into business with the initial objective of offering the public a wide range of home appliances that make everyday life easier and more functional, Amiridis – Savvidis SA has forged deals with the world’s largest manufacturers and is Greece’s exclusive representative for major brands in the sector such as MORRIS, F&U, United, Daewoo, Harmony, ΑKI , and GCV. The firm has enjoyed a steady upward trajectory and, having gained fine reputation for reliability and guaranteed service, ranks among the most established in its field. The company maintains a service department staffed by highly trained staff with excellent knowledge of new technological developments. The department covers the entire country through a well organized network. It is fully stocked with spare parts for efficient after-sale customer service at all times and all locations. The firm places great emphasis on after-sales service as a comparative advantage.

32.772.277

AMOIRIDES - SAVVIDIS SA

PROFIT BEFORE TAXES

2012

28.838.205

32.772.277

13,64

234.508

1.806.208

670,21

GROSS PROFIT (in euro)

8.159.109

9.237.375

13,22

OWN EQUITY (in euro)

7.247.534

8.691.901

19,93

LIABILITIES (in euro)

1.806.208

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

33 Vas. Olgas st 54641, Thessaloniki Tel: 2310 850107-8 Fax: 2310 857008

158

2011

Diamonds

CHANGE (%)

24.138.855

24.439.146

1,24

DEBT BURDEN

76,91

73,77

-4,09

EQUITY YIELD

3,24

20,78

542,22

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD TRADING Commercial

TURNOVER

Powered by a growth trajectory VASSILAGAS S.A. has been active since 1994, importing and trading coffee, sugar and other agricultural products. In 2006, the firm established two cash & carry markets, in the K. Scholari and Kalochori regions of northern city Thessaloniki, while also importing products for supermarkets. In 2012, the firm launched two large outlets in the Foinika and Kalochori regions, which besides offering supermarket products, also offer refrigerated products and fruit and vegetables. The firm’s low prices on brand-name products helped attract a steady client base and widen the product range. The firm’s objective is to do business with as many professionals as possible, based on its strength of offering the local market’s most competitive prices on brand-name products. In 2012, the firm posted considerable sales and net pretax profit increases. Sales increased by 42% to reach 32.5 million euro from 22.9 million euro in 2011. The firm achieved a spectacular net pretax profit increase of 878%. It skyrocketed to 611,000 euro in 2012 from 62,000 euro in 2011.

32.527.654

VASSILAGAS SA

PROFIT BEFORE TAXES 611.491

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

7th km Thessaloniki-Athens national highway 54628 – Thessaloniki, Greece Tel: 2310586000 Fax: 2310 574655

2011

2012

CHANGE (%)

22.965.098

32.527.654

41,64

62.503

611.491

878,34

GROSS PROFIT (in euro)

4.290.401

6.710.733

56,41

OWN EQUITY (in euro)

1.383.099

1.799.802

30,13

LIABILITIES (in euro)

11.654.420

11.314.310

-2,92

DEBT BURDEN

89,39

86,28

-3,49

EQUITY YIELD

4,52

33,98

651,83

KORONAKIS METAL PRODUCTS Industrial

TURNOVER

Spirit of innovation D. Koronakis S.A. is the leading company in the manufacturing of ropes and wire ropes in Europe and one of the largest companies worldwide. D. Koronakis S.A. was established in 1967 by the founders of the company Eleni and Dimitri Koronakis who are still actively involved in the management. Since its very beginning, the company was driven by a spirit of innovation in both management and product development. Their product range includes ropes, wire ropes, mooring ropes, combination ropes, yachting ropes and others which are produced in Greece and have been recognized worldwide for their top quality and technical performance. In addition to the products developed locally, the company keeps a large stock of anchors, anchor chains, rigging gear, fiber slings and various other accessories that meet the needs of their clients. Above all, D. Koronakis S.A. has focused on customer satisfaction, seeing themselves not only as product suppliers but also as client service providers.

30.603.549

KORONAKIS D. SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

7.930.466

TURNOVER (in euro)

25.822.960

30.603.549

18,51

Contact Details

PROFIT BEFORE TAXES (in euro)

5.003.422

7.930.466

58,50

GROSS PROFIT (in euro)

8.762.749

11.456.084

30,74

OWN EQUITY (in euro)

38.390.072

30.771.670

-19,84

LIABILITIES (in euro)

56, Gravias Str., 18545 Piraeus, Greece. Tel: +30- 210-4060600. Fax: +30-210-4615211, 4612548. Telex: 212481 DEKO GR. E-mail: Koronakis@koronakis.gr.

3.095.100

5.641.686

82,28

DEBT BURDEN

7,46

15,49

107,67

EQUITY YIELD

13,03

25,77

97,74

Diamonds

159

DIAMONDS OF THE GREEK ECONOMY 2014

INFORMATION TECHNOLOGIES Commercial

Global leader in information technology

39,796,930 Peggy Antonakou

TURNOVER 30.354.376

PROFIT BEFORE TAXES 4.492.875

Microsoft Hellas is a subsidiary firm in Greece for the Microsoft group, a corporation founded in 1975 and nowadays ranked as the largest firm in the development and production of software products around the world. The corporation’s head offices are located in Redmond, Washington, USA, while the company is represented by subsidiary firms in over 120 countries. It employs over 90,000 persons worldwide, of which some 16,000 are based in Europe. Microsoft invests over 9 billion euro annually on research and development. Microsoft Hellas has been active in Greece since 1992, offering products and services used in virtually all professional, educational, and personal activities of Greeks, while thousands of firms, organizations, and public sector firms base their operations on the technology and solutions offered by Microsoft. Parallel to all this, Microsoft also offers a wide range of consulting, educational, and technical services, assuring complete support for associates and clients. More specifically, in the services field, Microsoft is backed by a global organization offering full consulting services (Microsoft Consulting Services – MCS) as well as technical support services for products (Product Support Services – PSS). The firm’s fundamental objective is to contribute substantially to Greek economic growth and support local communities by making technology accessible to all Greeks. Based on this objective, Microsoft launched an innovation centre in Greece in 2008, inaugurated by the company’s head Bill Gates and the Greek Prime Minister. Through this centre, the firm works on a series of activities whose objective is to bolster innovation and entrepreneurship in Greece. The firm employs 125 persons at its Greek branch, while a large number of Greeks are employed at Microsoft offices around the world. Microsoft Hellas is renowned for its innovative work environment by offering employees the opportunity to develop their capabilities and rewarding them based on level of performance. The firm also offers its team of employees flexible work hours, while equipping staff with internet access, laptops, and smartphones. In 2013, the firm was awarded a Best Work Place prize for the 50-250 employees category. Motorola Solutions and Microsoft recently signed an agreement concerning a patent. The deal will allow for the use of various technologies, including products using Android and Chrome operational systems. In 2012, Microsoft Hellas posted increased sales and net pretax profit performances. Sales rose by 3% to 30.35 million euro from 29.5 million euro in 2011. Net pretax profit rose sharply, by 75%, to reach 4.49 million euro in 2012 from 2.5 million euro in 2011. MICROSOFT HELLAS SA

Contact Details 221 Kifissias Ave 151 24, Maroussi Tel: 2111206000 Fax: 2111206003 website: www.microsoft.com/el-gr

160

Diamonds

TURNOVER (in euro)

2011

2012

CHANGE (%)

29.590.168

30.354.376

2,58

PROFIT BEFORE TAXES (in euro)

2.572.375

4.492.875

74,66

GROSS PROFIT (in euro)

4.937.411

6.787.293

37,47

OWN EQUITY (in euro)

1.958.666

4.822.088

146,19

LIABILITIES (in euro)

12.361.273

12.730.404

2,99

DEBT BURDEN

86,32

72,53

-15,98

EQUITY YIELD

131,33

93,17

-29,06

DIAMONDS OF THE GREEK ECONOMY 2014

CHEMICALS Industrial

Focus on growth, export orientation, leads to rising sales Anastassios Fanis Megara Resins Industry SA is active in the field of resin processing. The firm was founded in 1961 by Anastassios Fanis and initially operated as a production plant for rosin – a solid form of resin – and turpentine, a fluid obtained by the distillation of resin from pines. During the 70s, the company began producing paper glue, a move that targeted the Greek paper industry. A decade later, the firm began producing specialized materials stemming from rosin, such as esters, modified rosin, amino-resins that are all used mainly in the timber industry, as well as for production of paint, varnish, glue, ink, and cosmetics. The firm’s production of alkyd and acrylic resins, as well as improved resin-oil products and specialized derivatives for the cement industry, were all developed in the 90s. The firm’s most recent major activity concerns saturated polyesters for Powder Coatings paints.

TURNOVER 30.135.168

MEGARA RESINS ANASTASIOS FANIS SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

27.366.192

30.135.168

10,12

2.276.082

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

2.988.608

2.276.082

-23,84

GROSS PROFIT (in euro)

6.719.233

5.853.973

-12,88

OWN EQUITY (in euro)

5.353.419

10.424.389

94,72

LIABILITIES (in euro)

8th km New National Rd. Athens - Corinth Megara 191 00, P.O. Box 29, Greece Tel.: +30 22960 83311, Fax: +30 22960 83335 website: www.megararesins.com

FOOD PRODUCTS Industrial

TURNOVER

14.109.469

16.348.280

15,87

DEBT BURDEN

72,49

61,06

-15,77

EQUITY YIELD

55,83

21,83

-60,89

95% of total turnover generated by exports Konstantopoulos SA – “OLYMP”, a successful and established firm in processing, standardizing and packaging of various olive types, has been active since 1956. Besides olives, the firm also produces a series of other appetizers whose recipes are based on olives, peppers, almond, garlic, artichoke, and mushroom. The firm’s office headquarters and production facilities are located by the 3rd km of the Katerini-Larisssa national highway in northern Greece, on a company-owned 70,000-square meter plot of land. The building spaces on the premises cover over 12,000 square meters. Konstantopoulos SA – “OLYMP” underwent a corporate reshuffle in 1990. Its main shareholders, Leonidas Konstantopoulos and Prokopios Konstantopoulos, are the company’s founders. Over the past 20 years, their enterprise has operated primarily as an export company with over 95% of total turnover generated by exports. The firm exports to more than 50 countries, half of these being central and northern European markets. The bulk of company sales are generated by developed markets, mainly Germany, Austria, the UK, the Scandinavian countries, the USA, Canada, and Australia.

30.103.436

KONSTANTOPOULOS SA '' OLYMP ''

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

2.658.084

TURNOVER (in euro)

27.803.866

30.103.436

8,27

Contact Details

PROFIT BEFORE TAXES (in euro)

2.410.095

2.658.084

10,29

GROSS PROFIT (in euro)

5.799.650

5.865.445

1,13

OWN EQUITY (in euro)

16.486.413

16.602.241

0,70

LIABILITIES (in euro)

3rd km Katerini - Larisa, 601 00 Katerini, Τel: +30 23510 47000 Fax: +30 23510 37748 E-mail: info@konstolymp.gr Website: http://www.konstolymp.gr

12.250.888

13.408.888

9,45

DEBT BURDEN

42,63

44,68

4,81

EQUITY YIELD

14,62

16,01

9,52

Diamonds

161

DIAMONDS OF THE GREEK ECONOMY 2014

CHEMICALS Commercial

Fertilizers of advanced technology COMPO GmbH was founded in 1956 in Münster, Germany, initially as a trader of first-generation packaged soils, COMPO SANA. In the decades that followed, Compo, the entrepreneurial division of BASF, developed in the field of professional fertilizers and established numerous successful brand names such as Complesal, Blaukorn, NovaTec, Floranid, Hakaphos, and Basacote. These days, COMPO is active on a global scale and holds a leading place in the market of specialized and advanced professional fertilizers. COMPO HELLAS SA markets COMPO products in Greece as well as neighboring countries such as Cyprus, Serbia, Albania, FYROM, Bulgaria and Romania. Despite the unfavorable economic conditions, both locally and internationally, the firm has enjoyed steady growth. The firm’s administration is committed to offering producers advanced and environmentally friendly products COMPO offers a wide range of products catering to the specific fields of each client.

Turnover 29.817.487

COMPO HELLAS SA

PROFIT BEFORE TAXES 1.014.566

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

54 Egialias st, Maroussi, Athens, 15125, Greece Tel: +30 211 1769100 Fax.: +30 211 1769150 Email: compohellas@compo.com

GROSS PROFIT (in euro) OWN EQUITY (in euro) LIABILITIES (in euro)

PLASTICS - RUBBER Industrial

TURNOVER

2012

CHANGE (%)

30.254.584

29.817.487

-1,44

241.399

1.014.566

320,29

2.843.802

4.093.908

43,96

9.554.630

10.569.196

10,62

11.669.903

6.786.923

-41,84

DEBT BURDEN

54,98

39,10

-28,88

EQUITY YIELD

2,53

9,60

279,94

40-year presence in plastics production FIBRAN was founded in 1974 in the northern city Thessaloniki by the firm’s current president Mr. Dimitrios Anastasiadis. Since 1995, the firm has played a leading role in the production of insulation materials both in Greece and the wider European region. At present, the firm operates a total of six state-of-the-art industrial facilities producing insulation materials as well as plasterboard. In Greece, the firm produces stone wool insulation, under the brand name FIBRANgeo, as well as polystyrene products, under the brand name FIBRANxps, at its industrial facility in Terpni, Serres, located in the country’s north. The Fibran group is an enterprise of international proportions that operates production firms in Greece, Portugal, Bulgaria, Slovenia, and the Former Yugoslav Republic of Macedonia (FYROM), and is commercially present in Spain, Italy, Croatia, Bosnia, Serbia, Albania, Romania, and Turkey. At present, FIBRAN is Europe’s third largest producer of extruded polystyrene (XPS), a lightweight insulating material.

29.479.590

FIBRAN ANASTASIADES D. SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

1.406.466

TURNOVER (in euro)

32.464.337

29.479.590

-9,19

Contact Details

PROFIT BEFORE TAXES (in euro)

-579.150

1.406.466

0,00

GROSS PROFIT (in euro)

6.637.199

6.129.131

-7,65

OWN EQUITY (in euro)

62.271.549

63.702.591

2,30

LIABILITIES (in euro)

FAKA AREA - GR-193 00 ASPROPIRGOS ATTIKA TEL.: 210 55 12 800 - FAX: 210 55 12 900 email: info@eurochartiki.gr company site: www.eurochartiki.gr

162

2011

Diamonds

4.457.444

3.435.816

-22,92

DEBT BURDEN

6,68

5,12

-23,39

EQUITY YIELD

-0,93

2,21

0,00

DIAMONDS OF THE GREEK ECONOMY 2014

CHEMICALS Industrial

Stefanos Tziritis

TURNOVER 29.076.484

PROFIT BEFORE TAXES 3.231.045

Export its products to 35 countries in Europe ISOMAT was founded in 1980 and today produces over 250 products that are used in general and more specialized building activities, such as installations, repairs, and improvements. They are divided into six basic categories. Drying materials,Cement and mortar additives, Glues and putty, Repair materials and painting materials, Ready-to-use plasters, Industrial floors At present, the firm operates two state-of-the-art production facilities, in Thessaloniki’s Agios Athanasios district, as well as in Belgrade, Serbia. ISOMAT employs 219 persons in Greece, of which 30 are qualified engineers and chemical engineers, while a further 91 employees are employed at its four subsidiary firms in the markets of Serbia, Romania, Bulgaria and Turkey, and its representative’s office in Russia. Operating through sales points in Athens and Thessaloniki, and associated with more than 1.500 retail outlets, ISOMAT serves the building sector throughout Greece. Export activity: At present, exports represent roughly 32% of the company’s total turnover figure, while the company has set itself the objective of increasing this figure. The firm exports its products to 35 countries in Europe, including the highly competitive German market, the USA, Asia, Middle East, and Africa. Moreover, the firm opened a representative office in Russia in October, 2013. It operates through subsidiary firms in Romania, Bulgaria, Serbia and Turkey. More specifically: ISOMAT ROMANIA S.R.L.: The firm was established in 2000 in Bucharest as the exclusive trader and distributor of ISOMAT products in the Romanian market. At the end of 2013, it also started producing concrete & mortar additives. ISOMAT INTERNATIONAL E.O.O.D.:The company began operating in 2004 in Sofia. It is the exclusive representative and distributor of ISOMAT products in the Bulgarian market. ISOMAT D.O.O. :Based in Belgrade, and having launched its operations in 2005, ISOMAT D.O.O. is active in the exclusive supply of ISOMAT products in the Serbian market. In early 2011, the firm was transformed from a trading company to a producing company with the launch of a new ISOMAT production facility in Belgrade. İSOMAT YAPI KİMYASALLARI VE TİC.LTD.ŞTİ.:The affiliated company of ISOMAT in Turkey operates since November 2013 in Istanbul and constitutes the exclusive trader and distributor of ISOMAT’s products in the market of Turkey. REPRESENTATIVE OFFICE OF ISOMAT S.A. IN RUSSIA: Since October 2013 ISOMAT operates in the market of Russia through its representative office, which is responsible for promoting cooperation between ISOMAT and local distributors, providing customer service to new and existing customers by offering help desk, training and technical support, as well as for the specification of ISOMAT’s products to construction projects in Russia. Financial results: The company’s total turnover in 2012 reached 29.1 million euros, while in 2013 the company’s total turnover had an increase of 7,2%, reaching the 31,1 million euros. The firm has invested nearly 30 million euros over the past ten years, of which 10 million euros was invested abroad and primarily concerned the purchase of industrial machinery and construction of new facilities. ISOMAT SA

Contact Details 17th km Thessaloniki P.O. BOX 1043, 570 03 Ag. Athanasios, Greece Tel.: +30 2310 576005 Fax: +30 2310 722120 E-mail: export@isomat.eu Website: www.isomat.eu

2011

2012

32.444.336

29.076.484

-10,38

4.403.866

3.231.045

-26,63

GROSS PROFIT (in euro)

15.257.784

12.483.542

-18,18

OWN EQUITY (in euro)

28.176.583

31.041.353

10,17

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

11.129.938

9.986.120

-10,28

DEBT BURDEN

28,32

24,34

-14,04

EQUITY YIELD

15,63

10,41

-33,40

Diamonds

163

DIAMONDS OF THE GREEK ECONOMY 2014

OFFICE MACHINES Commercial

TURNOVER

Profit rise of 112% IDEAL Electronics is a part of the IDEAL group, whose corporate make-up also includes ADACOM SA, a firm active in Information Systems Safety and Customer Communication Management (CCM). CCM systems offer organizations complete communication management with customers. For example, a banking organization communicates with customers through online banking applications (web banking, e-statements), alerting systems, and delivery of smart PIN codes. IDEAL ELECTRONICS represents, distributes, and supports technology products, such as information and digital security systems, to retailers as well as companies offering complete solutions in the information technology sector. The firm is the official representative of Toshiba and other international brands in Greece. It distributes Toshiba laptop computers, information technology accessories, Toshiba televisions, LED-technology lighting solutions, batteries, including rechargeable and specialized types, digital security, telephone call-center technology, as well as various telecommunication and online management devices.

29.071.000

IDEAL ELECTRONICS

PROFIT BEFORE TAXES 811.000

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

25 Kreontos st, 10442 Athens Tel: 210 51 93 900 Fax: 210 51 93 91 email: idealsales@ideal.gr Website: http://www.ideal.gr/

2011

2012

CHANGE (%)

32.036.000

29.071.000

-9,26

383.000

811.000

111,75

GROSS PROFIT (in euro)

4.893.000

4.547.000

-7,07

OWN EQUITY (in euro)

8.462.000

9.273.000

9,58

LIABILITIES (in euro)

13.917.000

10.136.000

-27,17

DEBT BURDEN

62,19

52,22

-16,02

EQUITY YIELD

4,53

8,75

93,23

PAPAGEORGIOU FOOD SERVICE FOOD TRADING Commercial

TURNOVER

Quality stands as this firm’s strength Papageorgiou Food Services SA (PFS), one of the food sector’s leading and fastest growing food producers and distributors, has been operating from its base in Larissa, mid-northern Greece since 1991. The firm’s company-owned ultra-modern production facility, offering gyro and other meat packages, is comprised of the production unit, refrigeration and freezer booths, storage facilities, parking space for company trucks, and the firm’s administrative offices. The entire operation is spread over 5,000 square meters and employs 70 persons on a full-time basis. The firm’s production lines may produce up to 13,000 kilograms of gyro slabs every eight hours, 8,000 kilograms of souvlaki every eight hours, as well as 7,000 kilograms of meat packages (“bifteki” and kebab) every eight hours. The company caters mostly to grills, restaurants and hotels, offering a wide range of fresh and frozen products. To ensure efficient and speedy delivery, PFS has established its own distribution network equipped with a fleet of refrigerated delivery trucks. The firm distributes to most parts of the country on a daily basis.

28.536.760

PAPAGEORGIOU FOOD SERVICE SA

PROFIT BEFORE TAXES

2012

24.693.516

28.536.760

15,56

978.921

1.088.962

11,24

GROSS PROFIT (in euro)

2.731.083

3.506.969

28,41

OWN EQUITY (in euro)

3.470.154

4.369.015

25,90

LIABILITIES (in euro)

1.088.962

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

10th km Larissa-Ambelona highway, 404 00 Ambelonas, Tel & Fax: 2410 942 069, email: info@pfs.com.gr Website http://www.pfs.com.gr/

164

2011

Diamonds

CHANGE (%)

7.788.226

7.335.592

-5,81

DEBT BURDEN

69,18

62,67

-9,40

EQUITY YIELD

28,21

24,92

-11,65

DIAMONDS OF THE GREEK ECONOMY 2014

FEBO HELLAS CHEMICALS Commercial

From trade and production to 3PL Febo Hellas SA was founded in 1987 and is active in the trade and production of raw materials for the plastics industry. In 2002, following the entry of Febo SpA (www.febo.it) into the firm’s equity make-up, the latter was renamed Febo Hellas SA and began distributing Versalis products in the Greek market.Services offered by the firm include stock selling or direct importation from abroad, distribution with company-owned trucks and direct stock delivery through agencies, repackaging, categorization, management, storage of stock on behalf of other firms, technical support. Since 2006, the firm has been based at a 5,200 square meter company-owned facility in Elefsina’s Strifi region, on the western outskirts of Athens. The firm also stores raw materials at a warehouse in Thessaloniki, as a means of offering fast service to customers in northern Greece. In 2012, the firm’s sales increased by 1% to 26.9 million euro from 26.5 million euro in 2011. Net pretax profit declined slightly to 604,000 euro in 2012 from 638 million euro in 2011, a 5% reduction.

TURNOVER 26.908.121

FEBO HELLAS SA

PROFIT BEFORE TAXES 604.661

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Strifi, Elefsina, 19200 Tel: 210- 5593790-3 Fax: 210- 5593 794 E-mail: info@febo.gr Website: http://www.febo.gr/

PHARMACEUTICALS DETERGENTS Industrial

TURNOVER

2011

2012

26.578.766

26.908.121

1,24

638.749

604.661

-5,34

GROSS PROFIT (in euro)

2.997.774

3.238.732

8,04

OWN EQUITY (in euro)

4.079.460

4.687.468

14,90

LIABILITIES (in euro)

18.972.774

18.584.751

-2,05

DEBT BURDEN

82,30

79,86

-2,97

EQUITY YIELD

15,66

12,90

-17,62

Leading position in the Greek generic market GAP is one of the most dynamic and extrovert Greek pharmaceutical companies . The company was founded in 1949 by brothers George and Athanasios Papathanasiou , continue a long family tradition of pharmacists , with roots in Smyrna . From the first day until now, GAP Inc. remains firmly committed to a basic code of ethics that puts over all quality , safety , efficiency and innovation of its products. The GAP operates in 3 main areas : ● The production and distribution of generic and original drugs in the Greek and international market. ● The development and marketing of products EVIOL, cosmetics and nutritional supplements. ● In the production of soft gelatin capsules, for 3rd parties, in a well organized and equipped unit.

26.745.061

GAP SA

PROFIT BEFORE TAXES

2011

2012

22.752.563

26.745.061

17,55

2.499.190

4.135.062

65,46

GROSS PROFIT (in euro)

11.853.693

14.691.480

23,94

OWN EQUITY (in euro)

7.129.835

8.753.062

22,77

LIABILITIES (in euro)

4.135.062

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

46, Agissilaou str., 173 41 Athens, Greece Tel: +30 210 9310980-4 Fax: +30 210 9338759 email : gap@gap.gr Website: http://www.gap.gr/

CHANGE (%)

12.570.977

13.946.290

10,94

DEBT BURDEN

63,81

61,44

-3,71

EQUITY YIELD

35,05

47,24

34,77

Diamonds

165

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

An estimated 75% of production sold abroad Approximately 75% of production at the Aspis K. Dedes firm, Greece’s largest firm of concentrated fruit juices and puree products, and one of the world’s three largest enterprises in the category of concentrated peach juice, is sold to over 15 foreign markets, including Albania, Australia, Bulgaria, France, Germany, Israel, Spain, Switzerland, and the UK. The firm was founded in 1970 in Argos, as a packaging and trading firm of fresh fruit products. In 1975, the company was transformed into an industrial firm. Based in Argolida, eastern Peloponnese, the firm, managed by Ioannis Boulmetis operates industrial facilities in Argolida and Imathia, northern Greece. The Aspis K. Dedes fruit juice industrial firm posted a net pretax profit of 4.76 million euro in 2012-13, up from 3.29 million euro in the previous period, a 44.7% increase. Following tax reductions, the firm’s net profit was 3.65 million euro in 2012-13, a 44.3% increase from the 2.53 million euro net profit posted in the previous period.

TURNOVER 26.457.572

DEDES K. "ASPIS" SA

PROFIT BEFORE TAXES

2012

CHANGE (%)

27.525.876

26.457.572

-3,88

3.289.142

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

3.311.450

3.289.142

-0,67

GROSS PROFIT (in euro)

6.771.809

6.393.953

-5,58

OWN EQUITY (in euro)

29.718.406

40.267.242

35,50

LIABILITIES (in euro)

4ο Km National Road Argos-Corithou 21200 Argos - Greece Tel: +30 2751 0 28000 Fax: +30 2751 0 66022 Website: http://www.hji.gr

TRANSPORTATION EQ. & SPARE PARTS Commercial

Turnover 25.882.847 PROFIT BEFORE TAXES 1.163.920

Contact Details 17th km Marathonos Ave, Pallini Tel: 210 – 6669402, 210 – 6669424 Fax: 210 – 6669612 e-mail: info@iaponiki.gr http://www.iaponiki.gr/

166

2011

Diamonds

4.069.686

7.057.902

73,43

DEBT BURDEN

12,04

14,91

23,82

EQUITY YIELD

11,14

8,17

-26,69

Leader in the spare parts aftermarket IAPONIKI SA was founded in 1973, its main business activity being spare parts sales for Japanese car models, which, at time, accounted for over 50% of cars in Greece. Over the years, the firm’s association with leading spare part manufacturers in Japan developed further, leading to exclusive representation in Greece for Iaponiki SA with some of these. The year 1990 was of landmark significance in Iaponiki SA’s company history. Foreseeing prospective changes in the Greek car market, or an increase of European cars, the firm widened its range of products by developing associations with Europe’s biggest spare part manufacturers. Since 1988, Iaponiki SA has been part of the Temot International Group, an organization comprised of 25 firms that are active in 33 countries around the world. By participating in the Temot International Group, the firm is contributing to the effort being made to keep the aftermarket independent, strong, and competitive, through the development of collaborations and exchange of information with customers, suppliers, and colleagues. The total turnover figure of members is close to 6 billion euro. IAPONIKI SA 2011

2012

23.531.970

25.882.847

9,99

451.885

1.163.920

157,57

GROSS PROFIT (in euro)

8.411.675

8.988.115

6,85

OWN EQUITY (in euro)

3.399.134

4.006.488

17,87

LIABILITIES (in euro)

16.014.566

15.068.037

-5,91

13,29

29,05

118,59

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

DEBT BURDEN EQUITY YIELD

DIAMONDS OF THE GREEK ECONOMY 2014

BEVERAGES Industrial

The firm was founded in 1888… Nowadays, METAXA is part of the Remy Cointreau group and is established among the top 50 spirit brands in the world. Some of METAXA’S products are: Five-star Metaxa, which lies at the heart of the Metaxa family. It comes in a bottle whose design was inspired by ancient Greek architecture, while its spirit captures the warmth of the sun. Aged for up to five years, this blend’s characteristically smooth and aged fruity taste perfectly complements its dark honey color, making this product an indispensible classic. The firm celebrated 120 years of international success in 2008 and marked the occasion by filling 1888 crystal decanters with the precious liquid of Cask No 1.

TURNOVER 24.964.781

METAXA S. & Η. & Α. SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

20.937.237

24.964.781

19,24

5.173.830

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

4.288.619

5.173.830

20,64

GROSS PROFIT (in euro)

8.060.819

9.790.179

21,45

OWN EQUITY (in euro)

11.164.062

6.637.411

-40,55

LIABILITIES (in euro)

6 Andrea Metaksa, 145 64 Kifissia Athens Tel +302106207100 Fax +302108073886 www.metaxa.com

FOOD TRADING Commercial

TURNOVER

2.637.659

8.609.674

226,41

DEBT BURDEN

19,11

56,47

195,47

EQUITY YIELD

38,41

77,95

102,92

Focused on the local Cretan market KRIVEK SA has been active in the food sector since 1985 with continual development and growth. The firm, completely Cretan-owned, imports, processes and sells fresh and frozen meat products, poultry, cheese products, fish and vegetables. In 2005, the firm relocated to its new and modernized facilities that comply with all Greek and European regulations. The new facilities, covering 4,300 square meters, include ultra-modern equipment for cutting and packaging, as well as refrigeration and deep-freeze booths that ensure excellence in product quality as well as hygiene safety. Its primary objective, the firm underlines, is to offer customers optimal, responsible and reliable service, while also supplying high-standard products. Focused on the local Cretan market, importation of new packaging methods, as well as trade of traditional Cretan products, the company is making dynamic progress in its penetration of the Cretan, Greek, and international markets.

24.709.795

KRIVEK SA

PROFIT BEFORE TAXES

2011

2012

23.814.983

24.709.795

3,76

480.776

735.293

52,94

GROSS PROFIT (in euro)

4.532.475

4.735.684

4,48

OWN EQUITY (in euro)

4.121.300

2.565.425

-37,75

LIABILITIES (in euro)

735.293

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Kambos, Elia, 70014 Hersonissos, Crete Tel: 0030 28970 26600 Fax: 0030 28970 23610 E-mail: krivek@krivek.gr http://krivek.gr/

CHANGE (%)

14.626.480

14.370.411

-1,75

DEBT BURDEN

78,02

84,85

8,76

EQUITY YIELD

11,67

28,66

145,69

Diamonds

167

DIAMONDS OF THE GREEK ECONOMY 2014

BEVERAGES Industrial

Ioannis Marlafekas

TURNOVER 24.787.568

PROFIT BEFORE TAXES 2.291.888

Quality soft drinks firm, the country’s biggest Loux Marlafekas has established a track record that stretches back 63 years in the soft drinks market, the firm’s dominant feature throughout this long period being is its full respect for consumers, mainly through rigorous selection of top-quality ingredients for its unique flavors, always tailored to the needs of respective eras. It all began back in 1950 when Panagiotis Marlafekas, the company’s founder, created a small industry in Patras, western Greece. Nowadays, Loux ranks as the country’s biggest fully Greekowned firm in the soft drinks and juices sector. It steadily ranks third in the Greek market, behind two multinational leaders. The firm currently owns and operates three facilities covering a total area of 33,000 sqm, of which 7,800 sqm is sheltered. The first of these, in Kefalovryso, northwestern Greece, serves as the firm’s production plant, the second, in Saravali, located on the outskirts of Patras, is the firm’s distribution center, while the third, in nearby Aigio, northern Peloponnese, serves as a PET (Polyethylene terephthalate) bottling facility. At present, the firm employs about 100 staff members, directly and indirectly, the majority of these residents of the wider Achaia prefecture in western Greece, and the rest from Athens and Thessaloniki. The company’s facility in Patras is equipped with modern machinery and uses advanced methods for quality-control, hygiene and modern packaging. Loux’s production process is certified with ISO 9001:2008 & ISO 22000:2005 standards. The firm’s marketing effort includes provision of refrigerators and promotional material that covers the entire country. It exports to Australia, Canada, Cyprus, Germany, Italy, Switzerland, UK, and USA. More recently, the firm, whose exports represent 5% of total revenues, entered the markets of China, Israel, and Panama. Sales in Germany, the UK, USA, and Australia, where Loux stuck a deal with the country’s second largest chain, Coles, have already begun performing respectably. In addition, Loux has also turned its attention to the markets of the United Arab Emirates and Ukraine, where the demand for imported products is substantial. The company produces a wide variety of soft drinks in 250 ml, 330 ml PET, 500 ml PET, and 1500 ml PET packaging, the flavors on offer being orange, lemonade, Loux Mix (citrus orange, lemon, mandarin), soda, traditional “gazoza”, and Loux Cola Tonic, all of which meet market needs. It markets three brands, Deluxe, Deluxe Mix and Loux Cola, Greece’s first ever cola-based soft drink. Natural juices have also made up part of the company’s product range since 2008. The firm markets natural juices in the following flavors: orange, peach, apple, orange and carrot juice, as well as a fruit cocktail. The firm expresses its support for social, sporting, and cultural events and activities in Greece through sponsorship initiatives. The company ended 2012 with a rise in total turnover and net profit. More specifically, total turnover reached 24.7 million euro, up 13.3% from 2011’s 21.8 million euro performance. Profits rose by 0.9%. It is worth noting that Loux-Marlafekas was one of the sector’s few firms that ended the year with positive results – as is also expected this year – with a pretax profit of 2.29 million euro and zero debt, which provides the firm with a major advantage amid the current business environment. In 2013, the firm run by the Marlafekas brothers generated sales of 27 million euro, up from 24.8 million euro in 2012, a rise of approximately 10%, as has been well publicized. Over the past five-year period, or the period of recession, the firm managed to increase its sales by 30%, while capturing a further two percent of the market share. LOUX MARLAFEKAS SA

168

2011

2012

21.869.155

24.787.568

13,34

2.272.429

2.291.888

0,86

GROSS PROFIT (in euro)

11.600.266

12.973.146

11,83

OWN EQUITY (in euro)

18.638.182

21.379.716

14,71

LIABILITIES (in euro)

Contact Details

TURNOVER (in euro)

Αgiou Stefanou 88, 265 00 Saravali Patras Τ: +30 2610 529680-1 & 2610 529890-1 F: +30 2610 529682 E-mail: info@loux.gr Website: http://www.loux.gr

PROFIT BEFORE TAXES (in euro)

Diamonds

CHANGE (%)

9.734.486

11.495.887

18,09

DEBT BURDEN

34,31

34,97

1,92

EQUITY YIELD

12,19

10,72

-12,08

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS DETERGENTS Industrial

TURNOVER

Constantly gaining ground in Greek pharmacies sector Frezyderm has developed into one of the most dynamic cosmetics and personal hygiene firms with its products winning over an increasing number of customers at pharmacies, where the company’s products are sold. The firm began operating in 1987 when founder Anastasios Anastasiou launched its operations with the objective of offering skin-care products and cosmetics, recommended by physicians. These days, the firm holds the leading place among multinationals in the field of academic briefing. The company’s production plant, which began operating in 2001, and was constructed in accordance with European Union directives, arrived as an innovative facility. It caters to the production of the firm’s own brand-name products as well as products by other firms. By operating its own production facility supported by a strong research and development department, Frezyderm managed to promote its body lotions to the medical field, which was previously lacking, and, at the same time, began educational seminars for pharmacists on the same subject.

24.664.071

FREZYDERM SA

PROFIT BEFORE TAXES 602.819

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Menandrou 75, 104 37, Athens Τel: 210 5246900 / Fax: 210 5244433 info@frezyderm.gr www. frezyderm.gr

2011

2012

CHANGE (%)

23.814.896

24.664.071

3,57

631.034

602.819

-4,47

GROSS PROFIT (in euro)

14.014.722

14.938.226

6,59

OWN EQUITY (in euro)

3.388.672

5.630.196

66,15

LIABILITIES (in euro)

20.063.324

17.294.562

-13,80

DEBT BURDEN

85,55

75,44

-11,82

EQUITY YIELD

18,62

10,71

-42,50

COOPERATIVE PHARMACEUTICAL WAREHOUSE PHARMACEUTICALS COSMETICS Commercial

Leader of the group Syneteristiki, a pharmaceutical wholesaler, is based in Amaliada, western Greece, and operates with the objective of serving the area’s Ilia prefecture to optimal degree, while also striving for an increased market share. The firm is a subsidiary of the Southern Peloponnese Pharmacies Cooperative, along with Taygetos Sy. Pharm SA in Sparta and Mainalon Sypharm SA in Tripoli. The group operates four distribution centers and serves four prefectures in the Peloponnese, Messinia, Ilia, Lakonia, and Arkadia. Equipped with 11 delivery trucks and 12 motorcycles, for emergency deliveries, the firm is able to distribute to over 200 pharmacies that are members of the cooperative as well as 80 client pharmacies. The group employs over 80 persons and operates from 1,400-square meter storage facilities and office space. It offers an advanced package of services, including FARMAKON ERP, one of the most complete solutions in the field of resource planning for distribution companies.

TURNOVER 24.465.936

COOPERATIVE PHARMACEUTICAL WAREHOUSE

PROFIT BEFORE TAXES

2011

2012

25.318.364

24.465.936

-3,37

504.990

475.795

-5,78

GROSS PROFIT (in euro)

1.225.403

1.096.717

-10,50

OWN EQUITY (in euro)

544.306

563.409

3,51

LIABILITIES (in euro)

475.795

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

3rd km Amaliada-Kourouta highway, Amaliada Email: info@syfanopae.syfanope.gr Tel: 26220 29966 - 801 11 21500 Fax: 26220 35041

CHANGE (%)

5.743.272

4.824.949

-15,99

DEBT BURDEN

91,34

89,54

-1,97

EQUITY YIELD

92,78

84,45

-8,98

Diamonds

169

DIAMONDS OF THE GREEK ECONOMY 2014

METAL PRODUCTS IndustrialIndustrial Industrial

TURNOVER

Ultra-modern facilities the main strength MEVACO METTALLURGICAL SA was founded in 1993 as a result of a merger between Poikilai Metals and Construction, formed as Mevaco Ltd in 1971, and D. Kostopoulos – V. Gionakis & Co, formed as Mekat in 1986. Following the merger, MEVACO METTALLURGICAL SA was relocated to a company-owned plant in the industrial zone of Asprogyrgos, on the western outskirts of Athens, and equipped with state-of-the art facilities that elevated it to high-level manufacturing of metal parts and products. Backed by over 40 years of experience, technical knowhow, and productive versatility, MEVACO SA is equipped with pioneering production capabilities in the processing of sheet metal and metallic constructions of high precision. As a firm possessing rich and modern production facilities, particular processing expertise, and well organized industrial grounds, MEVACO SA produces and constructs metal parts for all types of products, based on the drafts, as well as qualitative and quantitative demands of clients.

24.405.751

MEVACO SA

PROFIT BEFORE TAXES

2012

CHANGE (%)

23.361.725

24.405.751

1.897.007

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

1.783.391

1.897.007

6,37

GROSS PROFIT (in euro)

4.340.431

5.240.553

20,74

OWN EQUITY (in euro)

31.740.314

32.369.882

1,98

LIABILITIES (in euro)

Aspropyrgos, Attica,Prari-Moustaki location (NATO ave), 19 300 Tel: 210 55 96 623 - 31 Fax: 210 55 96 632 – 3 Website: www.mevaco.gr

ELECTRICAL APPLIANCES Commercial

TURNOVER

13.733.789

19.853.668

44,56

30,20

38,02

25,88

EQUITY YIELD

5,62

5,86

4,30

Surging ahead with 245% net pretax profit rise amid the recession The firm PAR. SEITANIDIS SA was founded in 1988, initially focusing its activities on the trade of small household appliances and television sets. Nowadays firmly entrenched with one of the strongest market presences, the company imports electronic devices from various countries, namely the brands Princess, Keysmart, Smart, and Continental, selections based on high quality and design. The corporate group’s personnel numbers over 100 persons, its objective being to offer optimal client service throughout the country. The firm sells to some 1,600 clients all over Greece. Other brands represented by the firm include Beko (refrigerators, washing machines, driers, dishwashing machines, ovens); Grundig (televisions); and Blomberg (refrigerators, washing machines, ovens, vacuum cleaners). SEITANIDES P. SA

PROFIT BEFORE TAXES

2011

2012

19.548.865

24.089.336

23,23

516.388

1.782.141

245,12

GROSS PROFIT (in euro)

4.794.854

6.287.039

31,12

OWN EQUITY (in euro)

8.532.914

10.340.471

21,18

LIABILITIES (in euro)

14.710.659

15.399.876

4,69

6,05

17,23

184,87

1.782.141

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Polystylo, Kavala, 65 403 Tel: 2510 392180-3 grammateia-gm@seitanidis.com.gr www.seitanidis.com.gr/

CHANGE (%)

DEBT BURDEN EQUITY YIELD

Diamonds

4,47

DEBT BURDEN

24.089.336

170

2011

DIAMONDS OF THE GREEK ECONOMY 2014

MISCELLANEOUS Commercial

Covering all pet needs

TURNOVER 23.817.017

PROFIT BEFORE TAXES 413.837

Pet City Group is a family owned business founded in 1988. Until 1995 the company operated as wholesaler by importing and distributing pet products to more than 1.200 pet stores in Greece. However, in 1996 the interest of the owner turned to retailing. Since then, the company managed to become the leading specialty retailer of services and solutions for the lifetime needs of pets in Greece. There are currently 42 company owned stores, in the area of Attica ranging in size from 250 m2 to 2.000 m2. Pet City’s success is in large part due to the 400 employees. Pet City Group’s headquarters and logistics occupy 3,500m² in the eastern suburbs of Athens. The large warehouses keep all products safe and secure so they can be distributed to Pet City’s network of stores in excellent condition Pet City’s stores are stocked with over 20,000 products, including top of the line brands, with hundreds of items exclusively in Pet City. Live animals are imported, including kittens, birds, parrots, hamsters, rabbits, ferrets, guinea pigs, reptiles, and around 1.500 puppies annually. Thousands of fish can be found in the nearly 2,000 professional aquariums between the stores, with additional fish imported from Singapore. Care is provided by Pet City’s staff of 45 expert ichthyologists, who also are available to customers for professional advice. Pet City’s activities also include pet grooming run by specialists. The largest stores offer expert veterinarian care. The company owns a Veterinarian Center, in Glyfada, which is equipped with the latest medical facilities, providing a full range of health care and emergency services. Pet City has also constructed a brand new e-shop offering high-quality products at reasonable prices. PET CITY SA 2011

2012

23.157.016

23.817.017

2,85

605.302

413.837

-31,63

GROSS PROFIT (in euro)

10.106.769

10.178.298

0,71

OWN EQUITY (in euro)

2.318.839

2.572.143

10,92

LIABILITIES (in euro)

Contact Details

TURNOVER (in euro)

Lavriou Avenue 44 Koropi, P.O. 19400 Tel : 210 6644761 Fax : 210 6644762 Website: http://www.petcity.gr

PROFIT BEFORE TAXES (in euro)

CHANGE (%)

11.651.412

11.445.684

-1,77

DEBT BURDEN

83,40

81,65

-2,10

EQUITY YIELD

26,10

16,09

-38,36

Diamonds

171

DIAMONDS OF THE GREEK ECONOMY 2014

CHEMICALS Industrial

“We do believe in the future of the Greek chemical industry”

Chris Krimizis-Tsatsoulis

TURNOVER 23.610.058

PROFIT BEFORE TAXES 2.576.215

ALCHIMICA SA is a dynamic company specializing in the development and productionof chemicals for the building and/or other industries. For over 30 years, ALCHIMICA has successfully provided products and services to architects, engineers,home builders, contractors and building owners worldwide. Its one- and two-part polyurethanesystems have a proven track record of high performance in numerous prestigious constructionworks around the world. ALCHIMICA is a company with a strong tradition in innovation, investing heavily in research anddevelopment and constantly striving for new levels of excellence. This enables it to continuously introduce new technologies to the global market and, as a result, to open up new opportunities,not only for the company, but also for its partners and distributors. Slowly but with determinationthroughout 30 years, Alchimica succeeded in establishing a worldwide reputation strongly linkedwith quality, innovation, technical leadership and ethics. Alchimica’s product portfolio is very vast and continuously increasing following the industry’sneeds. All Alchimica’s products are based on proprietary technology and knowledge offering thecompany a great advantage as far as flexibility and economics are concerned. Applications ranging from drinking water reservoirs, huge water desalinization plants, bridges, irrigationchannels, hydroelectric plants, airports, train tunnels etc to a simple private roof , Alchimica’s Export best seller “Hyperdesmo” is always present and become a reference for the industry worldwide. The company’s R&D department is strong and includes ten chemists and chemical engineers(including three PhDs). Well equipped labs and pilot plants are available for the development of new products. The state ofthe art existing production and logistic facilities, the well placed plants and the strong distributionnetwork increases substantially the competiveness of the company. In 2013, the firm’s total turnover increased by 19.92% to reach 28.31 million euro from 23.61 million euro in 2012. Net pretax profit also increased by 86.75% to 4.81 million euro in 2013 from 2.57 million euro in 2012. “We do believe in the future of the Greek chemical industry” Chris Krimizis-Tsatsoulis CEO of Alchimica SA ALCHIMICA SA

Contact Details 13 Oryzomylon Str., 122 44 Aegaleo, Athens Tel.: 210 5443971, Fax: 210 5619287 E-mail: alchimica@alchimica.com Website: www.alchimica.gr

172

Diamonds

2011

2012

2013

21.486.229

23.610.058

28.311.019

19,92

PROFIT BEFORE TAXES (in euro)

3.028.886

2.576.215

4.811.000

86,75

GROSS PROFIT (in euro)

5.819.613

5.531.626

7.800.570

55,17

OWN EQUITY (in euro)

6.103.033

7.750.010

8.171.933

5,44

LIABILITIES (in euro)

6.772.609

5.251.342

10.310.079

98,32

DEBT BURDEN

52,60

40,39

38,64

EQUITY YIELD

49,63

33,24

29,36

TURNOVER (in euro)

CHANGE (%)

DIAMONDS OF THE GREEK ECONOMY 2014

SUPERMARKETS Commercial

TURNOVER

Dominant role in the Dodecanese islands The VASSILIOS PANAGIOTAS SA firm is a family-run enterprise active in food and beverage trade on the Greek island of Rhodes. The company operates a retail division through a supermarket chain, while also conducting wholesale trade through cash & carry stores and a distribution network. The firm belongs to the ASTERAS group and holds exclusive representation deals with both local and foreign-based suppliers. Its direct importation of products from various parts of the world ensures a wide range of products, as well as reduced costs, ultimately benefitting consumers. The product range includes food, beverages, detergents, cosmetics, vegetables, meat products, freshly baked bread, and prepared meals. The company employs about 100 persons and supports the local community. The company’s cash & carry department offers professionals a wide range of products at the most competitive of prices, facilitated by the firm’s direct importing. The firm’s main warehouse serves as a distribution center for the island of Rhodes as well as selected clients on other Dodecanese islands. Daily delivery is offered to regions with greater clientele.

23.217.746

PANAGIOTAS B. SA

PROFIT BEFORE TAXES

2011

2012

20.285.953

23.217.746

14,45

CHANGE (%)

1.803.949

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

1.247.724

1.803.949

44,58

GROSS PROFIT (in euro)

3.859.012

4.626.772

19,90

OWN EQUITY (in euro)

3.782.837

5.174.733

36,80

LIABILITIES (in euro)

18th km Rhodes-Lindos national highway, 85103, Afandou, Tel: 22410 – 53316 website: http://www.panagiotas.eu email: panbas@otenet.gr

PHARMACEUTICALS COSMETICS Commercial

TURNOVER

7.808.662

6.935.110

-11,19

DEBT BURDEN

67,37

57,27

-14,99

EQUITY YIELD

32,98

34,86

5,69

Pioneering firm in biotechnological sector S.B. Biotechnology Suppliers SA was founded in 2000 with the objective of offering pioneering solutions, services, and products in the medical and scientific research field. SB Biotech is active in the field of research and technology through exclusive collaborations with foreign firms renowned for their academic worth, product innovation, and extensive experience. The firm is the exclusive distributor for established international firms such as Novartis, Promega, Biometra, Acrometrix, and Advalytix. It also represents the Axxora group (Enzo, Alexis, Bethyl). The firm’s objective is to promote innovative technologies that provide solutions for everyday diagnostic and research practices concerning blood molecular testing, molecular biology in research, genetic identity, and molecular diagnosis of illnesses. The firm’s personnel is comprised of scientists specializing in molecular biology, as well as medical device experts. The firm posted excellent financial results in 2012, despite a total turnover fall to 21.84 million euro from 24.23 million euro in 2011. Profits skyrocketed 331% to 1.86 million euro in 2012 from 432,000 euro in 2011.

21.843.388

S.B. BIOTECHNOLOGY SUPLIERS SA

PROFIT BEFORE TAXES

2011

2012

24.231.668

21.843.388

-9,86

432.527

1.866.185

331,46

GROSS PROFIT (in euro)

11.184.332

11.328.977

1,29

OWN EQUITY (in euro)

3.586.494

13.450.706

275,04

LIABILITIES (in euro)

49.140.823

41.117.578

-16,32

12,06

13,87

15,01

1.866.185

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

19 Sevastopoulou,11524 Athens Tel: 210 6910148 Fax: 210 8259987 Email: info@sbbiotech.gr Wbsite: www.sbbiotech.gr

CHANGE (%)

DEBT BURDEN EQUITY YIELD

Diamonds

173

DIAMONDS OF THE GREEK ECONOMY 2014

ELECTRICAL MATERIALS Industrial

At the cutting edge of technology

Thierry Benassis

TURNOVER 23.187.202

PROFIT BEFORE TAXES 660.645

ALSTOM Grid Hellas is a 100% subsidiary of Alstom Grid, the power transmission sector of the French Alstom Group. Alstom Group is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. The Group employs 92,000 people in around 100 countries. It had sales of €20.3 billion and booked €21.5 billion of orders in 2013/14. The Group made also investments of 565 million. Alstom’s Transport sector develops, delivers and maintains railway systems that meet daily the new challenges of smarter mobility. It creates smarter mobility by designing and maintaining railway solutions that run smoothly and efficiently. Alstom offers the largest range of the market, from trams to very high speed trains, including the well-known TGV and the highest capacity automated metro in the world. Alstom’s Thermal Power sector has the industry’s most comprehensive portfolio of thermal technologies – coal, gas, oil and nuclear – and holds leading positions in turnkey power plants, power generation equipment and air quality control systems, and services for the installed base. Alstom’s Renewable Power sector has the most comprehensive range of renewable power generation solutions today: hydro power, wind power, geothermal, biomass and solar. With ocean energies, Alstom has been the leading supplier in hydro power, the largest source of renewable energy on the planet. Alstom Grid has over 130 years of expertise in electrical grid applications as a world leading manufacturer of engineered solutions. Whether serving utilities, electro-intensive industries or facilitating the trading of energy, Alstom Grid brings power to its customers’ projects. The Group provides integrated and customised turnkey solutions such as alternating current and direct current substations, from medium up to ultra-high voltages, as well as products, services and integrated energy management solutions across the full energy value chain—from power generation, through transmission and distribution grids and to the large end users. Alstom’s solutions enable the efficient transmission of electricity and support the development of Smart Grids and Supergrids. Alstom Grid ranks among the top 3 in the electrical transmission sector with an annual sales turnover of €3.8 billion in 2013/2014. It has 19,000 employees in approximately 70 countries worldwide. With close to 4% of its annual turnover invested in R&D every year, and with 1,200 expert engineers and 34 technology and research facilities worldwide, Alstom Grid possesses the required means and skills to stand at the cutting edge of technology in the power transmission sector. ALSTOM GRID HELLAS SA (AREVA HELLAS SA)

174

2011

2012

17.733.840

23.187.202

30,75

611.802

660.645

7,98

GROSS PROFIT (in euro)

3.119.819

3.478.306

11,49

OWN EQUITY (in euro)

6.113.761

3.615.591

-40,86

LIABILITIES (in euro)

Contact Details

TURNOVER (in euro)

515 Mesogion Ave, Agia Paraskevi, 15343, Athens, Greece. Tel: +30 210 6292111 website: http://www.alstom.com/

PROFIT BEFORE TAXES (in euro)

Diamonds

CHANGE (%)

13.655.784

9.758.928

-28,54

DEBT BURDEN

79,07

72,97

-7,71

EQUITY YIELD

10,01

18,27

82,54

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

Involvement from scratch to the market The Nikolopoulos Bros SA firm, a livestock farming enterprise, is a family-run business that has grown over the years. The firm, based in Agios Ioannis, in the western Peloponnese’s Amaliada region, acquired its current company name, Nikolopoulos Bros SA in 1990 as part of an expansion program involving livestock units, the launch of an abattoir, and meat processing. For the latter’s requirements, the firm invested in a new 5,500-square meter industrial facility along the 80th kilometer of the PatrasPyrgos highway in 1996. In 2008, the firm established a rendering unit for conversion of waste animal tissue, for environmental and hygiene reasons, which contributed significantly to the firm’s environmental development. In 2013, the firm launched a unit for production of animal feed, with quality Greek grain as the ingredient. The unit, in Agios Ioannis, covers the feeding requirements of the company’s livestock.

TURNOVER 20.985.081

NIKOLOPOULOI BROS SA

PROFIT BEFORE TAXES 598.049

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Agios Ioannis, Amaliada, 27 200, Greece Tel: 26220 23577 Fax: 26220 27614 e-mail: farmaae@otenet.gr website: http://nikolopouloifarm.gr/

CLOTHING - FOOTWEAR Commercial

TURNOVER

2011

2012

CHANGE (%)

19.327.035

20.985.081

8,58

654.869

598.049

-8,68

GROSS PROFIT (in euro)

1.711.536

1.708.252

-0,19

OWN EQUITY (in euro)

11.452.432

11.831.358

3,31

LIABILITIES (in euro)

1.113.009

1.138.881

2,32

DEBT BURDEN

8,86

8,78

-0,87

EQUITY YIELD

5,72

5,05

-11,60

Retail network with 50 stores across Greece The company “Ioannis Arg. Kourouniotis SA’’ was founded in 1990 by Ioannis Kourouniotis himself, making strong impact on the wholesale footwear market. The firm was originally active in slippers and gradually expanded to a wider range of footwear for men, women, children and sports. The company’s facility, consisting of administrative offices and storage areas, is spread over an area of approximately 3,500 square meters, in Acharnes, Attica. In 2001 , the company turned to retail, and enjoyed rapid growth. The company’s outlets carry the brand name “VOI & NOI”, a part of the “Ioannis Arg. Kourouniotis SA’’ corporate group. The firm operates a network of 50 stores throughout Greece. Backed by strong activity in the trade of footwear and accessories, the firm has won awards for its rise and supremacy. Quality, combined with production flexibility, design and affordability, constitute this brand’s ingredients of success.

20.730.345

ZANCOU SHOES Ι. Α. KOUROUNIOTIS SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

1.633.811

TURNOVER (in euro)

20.341.447

20.730.345

1,91

Contact Details

PROFIT BEFORE TAXES (in euro)

1.423.580

1.633.811

14,77

GROSS PROFIT (in euro)

8.393.486

8.041.106

-4,20

OWN EQUITY (in euro)

12.598.142

14.050.720

11,53

LIABILITIES (in euro)

Μolas 31 , Attica, Acharnes, 13671 Tel : 2102433629-30 http://www.voi-noi.gr/

2.882.941

2.764.445

-4,11

DEBT BURDEN

18,62

16,44

-11,72

EQUITY YIELD

11,30

11,63

2,90

Diamonds

175

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD TRADING Commercial

TURNOVER

Distributing to entire Balkan region TORRE-COOPERLAT SA was founded in 1975 and has since successfully been active in the production and trade of dairy and ultra-high-temperature processing (UHT) vegetable products. In 1980, the firm became the exclusive distributor for the Italian dairy and vegetable products firm COOPERLAT. In September, 1999, TORRE SA joined GRUPPO FATTORIE ITALIA – COOPERLAT and is responsible for the group’s management and distribution in the entire Balkan region. The firm’s product portfolio is divided into the following categories: ice cream of all types, frozen vegetables, syrups for ice cream coating, and strawberry and lemon juice flavored popsicles. The firm is also responsible for the distribution of espresso and filtered coffee, whipped cream packaged in a spray can, dairy creams, vegetable oils, as well as hot and iced chocolate beverages thanks to its association with Italian firms. The firm produces a full variety of ice creams, most sold in multipack packaging for families, while also offering frozen vegetables, all through private labels, for supermarkets in Greece and abroad.

20.448.046

TORRE Η. GLATZOUNIS SA

PROFIT BEFORE TAXES

2012

CHANGE (%)

18.053.468

20.448.046

13,26

2.567.945

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

1.413.722

2.567.945

81,64

GROSS PROFIT (in euro)

4.350.125

5.567.785

27,99

OWN EQUITY (in euro)

13.132.151

14.030.190

6,84

LIABILITIES (in euro)

N. Santa, Kilkis61100 Tel: 23410 64246, 23410 64546 Fax: 23410 64886 email: torre@otenet.gr Website: http://www.torre.gr/

FOOD PRODUCTS Industrial

TURNOVER

7.622.527

5.956.018

-21,86

DEBT BURDEN

36,73

29,80

-18,86

EQUITY YIELD

10,77

18,30

70,02

In the bakery business for nearly 65 years The Venetis company began operating in 1948 with the opening of the first Venetis bakery in up-market Kifissia, northern Athens. Over the years, the firm has played a leading role in the production and selling of bakery products and confectionery with devotion to tradition, quality, and optimal customer service. By placing emphasis on innovation and creativity, Venetis set the trend in the baking sector by being the first company to introduce numerous products that shaped the local market as it stands today. Nowadays, after almost 65 years of continual presence and growth, Venetis has developed a network of over 70 retail outlets offering all sorts of bread products, sweets, and other related items. The firm operates a modern 14,000-square meter production facility in Lykovryssi, northern Athens that meets even the most demanding quality standards. A total of 700 persons are employed at the plant, retail outlets, subsidiaries, and in distribution and administration.

20.300.760

VENETIS CH. SA

PROFIT BEFORE TAXES

2011

2012

18.380.095

20.300.760

10,45

805.901

986.982

22,47

GROSS PROFIT (in euro)

9.031.520

10.242.344

13,41

OWN EQUITY (in euro)

12.896.546

13.686.420

6,12

LIABILITIES (in euro)

986.982

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

9 Agias Paraskevis st, 14123, Lykovryssi Tel: 210 2896400 – 210 2849100 Fax: 210 2849016 Website: http://www.fournosveneti.gr/

176

2011

Diamonds

CHANGE (%)

8.644.582

8.901.417

2,97

DEBT BURDEN

40,13

39,41

-1,80

EQUITY YIELD

6,25

7,21

15,40

DIAMONDS OF THE GREEK ECONOMY 2014

ELECTRICAL MATERIAL Industrial

TURNOVER

Supplying country’s largest firms with electrical communication systems The Greek branch of UNIFY ENTERPRISE COMMUNICATIONS SA - a global enterprise providing software-based unified communications, including voice, Web collaboration, video conferencing and contact center, networking product and services - is staffed by approximately 330 persons. Its activities concern sales product support in Greece and Cyprus. It also offers business support to regional firms through industrial sub-contracting, associates including Inticom, which is based at the Siemens industrial facility, NADI, ELVITEL, and others. UNIFY ENTERPRISE COMMUNICATIONS SA was founded in Thessaloniki in 1964 and is active in the development and production of electrical products. Parent company Siemens holds a 41% stake in the company, UNIFY ENTERPRISE COMMUNICATIONS holds a further 29%, and the National Bank of Greece holds 30%. Besides supplying its parent company, the firm’s other clients include Deutsche Telecom and Porsche.

20.061.285

UNIFY ENTERPRISE COMMUNICATIONS SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

20.874.920

20.061.285

-3,90

2.420.555

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

2.169.080

2.420.555

11,59

GROSS PROFIT (in euro)

3.279.683

3.218.579

-1,86

OWN EQUITY (in euro)

10.182.236

12.018.759

18,04

LIABILITIES (in euro)

15 And. Metaxas st, Kato Kifissia, Kifissia, 14564 Athens, Greece.

ElectricAL EQUIPMENT Commercial

TURNOVER

8.560.489

7.534.415

-11,99

DEBT BURDEN

45,67

38,53

-15,63

EQUITY YIELD

21,30

20,14

-5,46

Nikon’s exclusive representative The company D & J DAMKALIDIS SA was established in 1974 with the objective of representing and distributing in the Greek market products of well-known brand names, and also offering the best possible service to customers and end-consumers. D & J DAMKALIDIS S.A. is a leading trading company that imports, promotes and exclusively distributes a large variety of photo and electronic products in Greece. The company acts as an exclusive distributor for the following companies and products: Nikon (Japan) since 1979, digital cameras; SanDisk (USA) since 2001, flash memory cards; Varta (Germany), since 1980, consumer batteries; Case Logic (USA) since 1999, audio & computer cases; Mitsubishi (Japan) photographic printers; Remington (USA), personal care (electrical appliances), Xavax, Russell Hobbs, since 2012; Thule, TDK, Otterbox. The company has a sales team of 30 people for the promotion and sale of imported products to an existing customer base of 2,200 accounts, consisting of electric shops and chains, multimedia and mobile phone shops, and Hyper Markets/Super Markets.

19.970.689

DAMKALIDES D. & Ι. SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

1.608.745

TURNOVER (in euro)

19.134.311

19.970.689

4,37

Contact Details

PROFIT BEFORE TAXES (in euro)

1.389.137

1.608.745

15,81

GROSS PROFIT (in euro)

5.189.674

5.314.114

2,40

OWN EQUITY (in euro)

7.559.604

8.151.214

7,83

LIABILITIES (in euro)

44 Zefirou st, 175 64 Palaio Faliro, Athens Tel: +30 210-9410888 Fax: +30 210-9427058 email: desk@damkalidis.gr www.damkalidis.gr

3.049.112

4.327.511

41,93

DEBT BURDEN

28,74

34,68

20,66

EQUITY YIELD

18,38

19,74

7,40

Diamonds

177

DIAMONDS OF THE GREEK ECONOMY 2014

CHEMICALS Commercial

TURNOVER

A star in all fields Astron Chemicals SA was founded in 1992, its main activity being representation and distribution of raw materials and specialized products for industry and consumers. The firm, whose development has been dynamic, covers the sectors of food & beverages, pharmaceuticals, cosmetics, paints-building materials, glues, plastics, livestock food, pet food and accessories. The company’s principles, which offer it comparative advantages and have been pivotal to the firm’s success, entail provision of highest quality products and high-level of customer service. The firm operates from its 6,000 square meter office and storage facilities in Athens. It maintains a branch in Thessaloniki as well as a subsidiary firm in Romania, Astron Chemicals Srl, based at its 1,000-square meter facility. Astron Chemicals is able to produce a large portfolio of raw materials for various product categories. In the food & beverages sector, its specialized activities cover various domains, including flour and dough products, cold meats and meat packages, soft drinks and juices, processing of farming products, confectionery, herbs, nuts, spirits, salads, and sauces.

23.514.917

ASTRON CHEMICALS SA

PROFIT BEFORE TAXES 1.385.549

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Kyrilos, 193 00, Aspropyrgos, Attiki, Tel: +30 211 55 53 300 Fax: +30 210 55 79 38 http://www.astronchemicals.gr

miscellaneous Commercial

TURNOVER

2012

CHANGE (%)

21.813.045

23.514.917

7,80

933.113

1.385.549

48,49

GROSS PROFIT (in euro)

3.903.350

4.718.697

20,89

OWN EQUITY (in euro)

3.875.483

5.066.014

30,72

LIABILITIES (in euro)

11.485.800

11.687.557

1,76

DEBT BURDEN

74,77

69,76

-6,70

EQUITY YIELD

24,08

27,35

13,59

Representing more than 20 famous brands in Greece Uniflame S.A. was established in 1994 by Mr. P. Ioannou. It was originally founded as an exclusive partner of SWEDISH MATCH with Cricket. In 2000 it expanded in the cigars and pipe tobacco sector, establishing exclusive distribution agreements with some of the the most reputed manufacturers within the sector, Scandinavian Tobacco Group, Arnold Andre, J.Cortes. In 2004 the company enriched the portfolio by entering the tobacco accessories segment (filters and papers) with Republic Technologies, Gizeh and Scandinavian Tobacco Group. Throughout these years, it has gained a leading position within the sector with brands that are appreciated by the consumers. Some of the brands of the company’s portfolio are CAFÉ CRÈME, MACANUDO, LEON JIMENES, FELLOWS, VASCO DA GAMA, WILLEM II, PRIMO, CLUBMASTER, NEOS, AMIGOS, BREAK, WHITE OWL, SALSA, SKANDINAVIK, BORKUM RIFF, SWAN filters, OCB, GIZEH etc.

19.319.970

UNIFLAME SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

1.803.739

TURNOVER (in euro)

16.276.269

19.319.970

18,70

Contact Details

PROFIT BEFORE TAXES (in euro)

1.390.289

1.803.739

29,74

GROSS PROFIT (in euro)

3.412.189

4.015.989

17,70

OWN EQUITY (in euro)

2.800.715

4.213.489

50,44

LIABILITIES (in euro)

Αg. Theklas 34 Αg. Paraskeyi 153 43 Τel.: 210 600 0686 Fax: 210 600 2787 Email: info@uniflame.gr

178

2011

Diamonds

4.482.335

5.350.995

19,38

DEBT BURDEN

61,54

55,95

-9,10

EQUITY YIELD

49,64

42,81

-13,76

DIAMONDS OF THE GREEK ECONOMY 2014

NON-METALLIC MINERALS Industrial

Products that make life easier for builders The firm Knauf USG Systems is active in the development of exterior-building systems, its AQUAPANEL cement boards introducing new standards to the design and construction of buildings. AQUA PANEL cement boards offer architects, builders, as well as non-professionals, a high-quality construction alternative that works as a complete contrast to traditional building methods. The AQUAPANEL Outdoor cement board may be used for various wall construction systems, roof tops, façade revamps, and other outdoor applications. The Knauf USG Systems firm operates its industrial facility in the industrial zone of Volos, mid-eastern mainland Greece, from where it caters to the Greek market as well as 17 other markets abroad. The firm’s financial results showed that the company continued along its profitable path in 2012. Both total turnover and pretax profit increased year-on-year.

Turnover 19.086.984

KNAUF USG SA 2011

2012

17.713.435

19.086.984

CHANGE (%)

PROFIT BEFORE TAXES 2.360.806

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

2.343.922

2.360.806

0,72

10 Evripidou st, 17674 Kallithea,Athens Tel: +30 210 9310567 Fax: +30 210 9310568 Web: http://www.knauf.gr Email: knauf@knauf.gr

GROSS PROFIT (in euro)

5.545.540

7.152.504

28,98

OWN EQUITY (in euro)

8.281.420

10.508.123

26,89

LIABILITIES (in euro)

FOOD PRODUCTS Industrial

TURNOVER

7,75

8.648.364

11.487.009

32,82

DEBT BURDEN

51,08

52,23

2,23

EQUITY YIELD

28,30

22,47

-20,62

In the baking business for 84 years Since the company’s formation, S Nendos SA has been manufacturing bakery products based on the work principles of reliability, optimal customer service, and flexibility. The firm produces bread for hamburgers, hotdogs, sandwiches, pizza base, toast and croutons, ciabatta, baguettes, and retail packages. Its industrial facility, measuring 2,000 square meters, is located in Peania, on the northeast outskirts of Athens. From here, company products are distributed to the country’s south and the Aegean islands. The firm supplies fast-food chains, food distribution companies, supermarkets, catering companies, food processing companies, restaurants, hotels, and congress centers. The company began exporting in 1995, destinations including Italy, Cyprus, Germany, Bulgaria, Belgium, the Netherlands, Spain and Switzerland. New markets are expected to soon be added to the exports list. As part of the company’s maintenance of high-level hygiene standards, it implements HACCO and ISO 22000 regulations. Most recently, the firm began collaborating with Vivartia, producing new products for this firm.

18.295.242

S. NENDOS SA SELECT BAKERY PRODUCTS

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

2.883.803

TURNOVER (in euro)

17.584.384

18.295.242

4,04

Contact Details

PROFIT BEFORE TAXES (in euro)

2.462.477

2.883.803

17,11

GROSS PROFIT (in euro)

6.530.855

6.836.754

4,68

OWN EQUITY (in euro)

25.372.741

27.293.176

7,57

LIABILITIES (in euro)

Sindos industrial zone, 57022, Thessaloniki Tel: 2310 798566, 2310 798848, Fax : 2310 797366 email : info@selectbakery.gr website: www.selectbakery.gr

5.206.208

5.598.154

7,53

DEBT BURDEN

17,03

17,02

-0,03

EQUITY YIELD

9,71

10,57

8,87

Diamonds

179

DIAMONDS OF THE GREEK ECONOMY 2014

Machinery Commercial

Leader in its sector The PANTELIS PAPADOPOULOS SA firm was founded in 1961 as a sole proprietorship business and has operated as an SA firm since 1981. These days, it is ranked as the market leader in its sector, machinery, for various fields, including agriculture. The firm’s activities include representing and selling international brand name products such as foresting and agricultural machinery, gardening tools, generators, and pumping devices. The firm has supplied various services of the Greek state, ranging from the armed forces to the fire brigade, as well as the public power company and the railway network. The firm’s network of specialized dealerships, numbering over 1,000, covers the entire country offering full support, including post-sale services, to customers. The firm operates from facilities in Athens, Thessaloniki and Kavala.

TURNOVER 17.847.374

PAPADOPOULOS P. SA

PROFIT BEFORE TAXES 680.688

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

92 Athinon Ave, Athens, 104 42, GREECE Tel: +30 210 5193100 Fax: +30 210 5193105 Email: info@papadopoulos.com.gr

Food Products Commercial

TURNOVER

17.720.786

17.847.374

0,71

189.596

680.688

259,02

5.305.858

2,82

OWN EQUITY (in euro)

18.114.075

21.752.997

20,09

LIABILITIES (in euro)

12.687.167

10.127.956

-20,17

DEBT BURDEN

41,19

31,77

-22,88

EQUITY YIELD

1,05

3,13

198,96

Among the leading food export Companies MEDBEST SA was established in 1996 with the objective of promoting Greek culinary tradition and the Greek/Mediterranean diet by offering a complete line of authentic specialty foods to sophisticated consumers around the world that seek healthy, high quality natural foods, authenticity, value and exquisite flavors. Today, MEDBEST SA is among the leading food export companies in Greece, and its products are present in some of the top supermarkets, delicatessen food stores, hotels and fine dining restaurants all over the world. The firm is entirely export-oriented and successfully exports to many countries worldwide, including the US, Canada, UK, France, the Netherlands, Japan, Australia, New Zealand, South Africa, Brazil, Saudi Arabia, and UAE. The firm’s strategy is to build strong business relationships and strategic alliances with reliable partners, internationally, that import and distribute food products. The firm possesses the experience, knowledge and determination to offer these partners effective support in order to build lasting and mutually beneficial cooperation. MEDBEST SA

522.031

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Diamonds

CHANGE (%)

5.160.571

PROFIT BEFORE TAXES

180

2012

GROSS PROFIT (in euro)

17.649.654

282 KIFISSIAS AVENUE, 15232, HALANDRI, ATHENS, GREECE TEL. + 30 210 6856191-3 FAX + 30 210 6856194 www.medbest,gr

2011

GROSS PROFIT (in euro) OWN EQUITY (in euro) LIABILITIES (in euro)

2011

2012

CHANGE (%)

16.990.298

17.649.654

3,88

604.231

522.031

-13,60

1.251.301

1.149.145

-8,16

94.077

504.908

436,70

2.308.662

1.832.048

-20,64

DEBT BURDEN

96,08

78,39

-18,41

EQUITY YIELD

642,27

103,39

-83,90

DIAMONDS OF THE GREEK ECONOMY 2014

Information Technology Commercial

Antonis Monokrousos Turnover 17.752.405 PROFIT BEFORE TAXES 1.133.495

Engineered to deliver record-breaking performance Oracle, with 120,000 employees and 25,000 partners in 145 countries, is shifting the complexity from IT, moving it out of the enterprise by engineering hardware and software to work together— in the cloud and in the data center. By eliminating complexity and simplifying IT, Oracle enables its customers—400,000 of them around the world—to accelerate innovation and create added value for their customers. By engineering out the complexity that stifles business innovation, Oracle is engineering in speed, reliability, security, and manageability. The result is best-in-class products throughout an integrated stack of hardware and software, with every layer designed and engineered to work together according to open industry standards. Oracle’s complete, open, and integrated solutions offer extreme performance at the lowest cost—all from a single vendor. Integrated, industry-specific solutions are engineered to address complex business processes across a wide range of industries. For customers needing modular solutions, Oracle’s open architecture and multiple operating system options provide unmatched benefits from best-of-breed products in every layer of the stack. This allows customers to build the most optimized infrastructure possible for their enterprise. Oracle Cloud Solutions: Oracle delivers the broadest selection of enterprise-grade cloud solutions, including software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS). Oracle helps businesses offload IT management so they can focus on growing their enterprise—and their future. Oracle Database: Oracle Database is the world’s #1 enterprise database—enabling customers to transform their enterprises and improve operational agility and effectiveness. Oracle Database plugs into the cloud, helping improve the quality and performance of applications, saving time with maximum availability architecture and storage management, and simplifying database consolidation by managing hundreds of databases as one. Oracle Fusion Middleware:The leading business innovation platform for the enterprise and the cloud, Oracle Fusion Middleware maximizes IT efficiency by enabling enterprises to create and run agile, intelligent business applications. Oracle Applications:Customers around the world rely on Oracle’s complete portfolio of enterprise and industry applications. Oracle offers choice and flexibility with the most comprehensive, modern, and secure portfolio, including SaaS applications for human capital management, customer experience, performance management, supply chain management, and more. Oracle provides enterprise-level solutions that support all types of cloud-based scenarios, including public cloud, private cloud, and a hybrid option. Oracle Engineered Systems:The extreme performance designed into every Oracle engineered system helps customers reduce risk and lower costs. These systems deploy faster, integrate seamlessly with existing IT environments, and provide the kind of customer experience that helps users do what they need to do faster, better, and more efficiently. Oracle Servers & Storage: Oracle servers are engineered to deliver record-breaking performance, simplified management, and high availability at a lower TCO. These industry-leading systems include built-in virtualization, cloud management, and systems management. They support industry-leading software for Oracle and non-Oracle applications and solutions. Oracle optimized storage solutions enable enterprises to simplify IT environments so they can operate more efficiently and more cost-effectively, and be more responsive to dynamic business needs. Our best-of-breed storage products and business-ready storage solutions are engineered to run faster and more efficiently, and offer unsurpassed capabilities for heterogeneous data centers. ORACLE 2011

2012

CHANGE (%)

Contact Details

TURNOVER (in euro)

15.285.324

17.752.405

16,14

Mesogeion Avenue 265,154 51 Neo Psichiko, Athens Τel.: +30 210-67 89 200 Fax: +30 210-67 75 500 E-mail: mailbox_gr@oracle.com

PROFIT BEFORE TAXES (in euro)

1.182.807

1.133.495

-4,17

GROSS PROFIT (in euro)

2.155.083

2.160.586

0,26

OWN EQUITY (in euro)

4.850.006

5.482.846

13,05

LIABILITIES (in euro)

5.583.324

5.992.035

7,32

DEBT BURDEN

53,51

52,22

-2,42

EQUITY YIELD

24,39

20,67

-15,23

Diamonds

181

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Commercial

TURNOVER

Active in confectionery and baking since 1985 with over 95 representatives STELIOS KANAKIS SA has been offering unique and premium Confectionery, Bakery & Ice-Cream Ingredients and high level services for distinguished creations to Greek confectioners and bakers since 1985, with respect, loyalty and consistency, always bearing in mind the needs and interests of clients. Over this course, the company has experienced a long and steady course of continual growth and rapid evolution. At present, STELIOS KANAKIS SA holds the first place in the confectionery-bakery supply sector in Greece. The driving engine of this growth has always been the philosophy of quality and innovation in ideas, products and services. Today, STELIOS KANAKIS SA is the exclusive representative for supplies of raw materials to 26 top quality producers of confectionery, bakery & ice cream in Greece, Cyprus and the Balkans.

17.101.568

KANAKIS STELIOS SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

17.933.660

17.101.568

-4,64

1.375.387

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

1.400.534

1.375.387

-1,80

GROSS PROFIT (in euro)

5.860.916

5.608.808

-4,30

OWN EQUITY (in euro)

15.688.938

16.743.902

6,72

LIABILITIES (in euro)

4, Anemonis Str. 13678 Acharne - Attiki, Greece Tel.: +30 210 2419700 Fax: +30 210 2462433 Email: info@stelioskanakis.gr

5.391.219

4.196.337

-22,16

DEBT BURDEN

25,57

20,04

-21,64

EQUITY YIELD

8,93

8,21

-7,98

EUROFILM MANTZARIS PLASTICS - RUBBER Industrial

Turnover 17.083.420 PROFIT BEFORE TAXES 541.729

Contact Details Tsakiri location, Zevgolatio, Corinth, 200 01, Greece Tel: (+30) 27410 51900, 54400, 54900 Fax.: ( +30) 27410 51901 Website: www.eurofilm.gr

182

Diamonds

Pretax profit increased by 19% and Total turnover rose by 14% The firm was founded in 1991 in Zevgolatio, Corinth, as a producer and trader of polyethylene film for agricultural use. In 2000, the enterprise relocated to a new, company-owned facility comprised of the firmâ&#x20AC;&#x2122;s industrial plant, office, and storage space, all measuring 14,000 square meters and constructed on a plat of land measuring 65,000 square meters. The firm widened its product range with the move to the new facility, while also allowed the company to become active in the packaging field. It developed collaborations with major companies selling bottled water, soft drinks and food products, by offering solutions of European standards. The firm also began producing rubbish bags and other related products sold at supermarkets, as well as packaging materials for companies and retailers. In 2009, the firm began operating a new production department as part of new investments made by the firm. EUROFILM MANTZARIS SA 2011

2012

15.010.488

17.083.420

13,81

454.885

541.729

19,09

GROSS PROFIT (in euro)

2.420.968

2.783.953

14,99

OWN EQUITY (in euro)

10.007.099

10.251.007

2,44

LIABILITIES (in euro)

TURNOVER (in euro) PROFIT BEFORE TAXES (in euro)

CHANGE (%)

11.880.998

11.933.277

0,44

DEBT BURDEN

54,28

53,79

-0,90

EQUITY YIELD

4,55

5,28

16,26

DIAMONDS OF THE GREEK ECONOMY 2014

PETROLEUM PRODUCTS Commercial

TURNOVER

Leader in its sector Trigon Gas S.A. is one of four firms that make up the Trigonis Bros Group of companies, TRIGONIS BROS SA (a leader in the iron and steel trade and processing sector in Greece for over 30 years). Trigon Gas SA became active in the trade of liquid gas in 1998, as part of the firm’s need to diversify its operations into other fields. The firm grew to its current size by taking over smaller competitors as a means of expanding its scale of operations and hiring experienced sector persons of the field. The firm is based at 10,000-square meter company-owned facilities in Ritsona at Chalkida that include storage space, set up in accordance with all safety regulations. The equipment used is state-of-the-art. The firm plans to soon expand its activities to liquid gas bottling. TRIGON GAS, supplies LP Gas to a wide and diverse range of market sectors including residential, industrial, commercial, hospitality, catering, agricultural and autogas. In the year 2013, TRIGON GAS started “building” its network of Autogas Stations in Central Greece and Peloponnese.

16.862.337

TRIGON GAS SA

PROFIT BEFORE TAXES 482.668

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

120 NATO Ave, 19300, Aspropyrgos Tel: 2105596720-7 Fax: :2105596728 Website: http://www.trigonis.gr Email: sales@trigonis.gr

PHARMACEUTICALS COSMETICS Commercial

TURNOVER

2011

2012

CHANGE (%)

13.908.950

16.862.337

21,23

135.468

482.668

256,30

GROSS PROFIT (in euro)

2.336.670

2.523.803

8,01

OWN EQUITY (in euro)

1.057.733

1.427.007

34,91

LIABILITIES (in euro)

6.168.544

6.322.000

2,49

DEBT BURDEN

85,36

81,58

-4,43

EQUITY YIELD

12,81

33,82

164,10

Turnover and profit rise by 65% and 129%, respectively PharmaSwiss Hellas SA is the Greek subsidiary of Valeant Pharmaceuticals International, Inc., a multinational specialty pharmaceutical company that develops and markets prescription and non-prescription pharmaceutical products and medical devices that make a meaningful difference in the lives of patients, mainly in the fields of dermatology, eye health, neurology and branded generics. Headquartered in Montreal in Quebec, Canada, Valeant employs approximately 17,000 employees worldwide and is listed on both the NYSE and the TSX under the symbol “VRX”. In 2013 the worldwide turnover was $5.8 billion. Top PharmaSwiss own brands include: Procef, Counterpain, Countergel, Niflamol, Fenobrat, Ezixin, Physiodose, Bausch+Lomb contact lenses & solutions. On behalf of Bristol Myers Squibb and Astellas, PharmaSwiss also manages the promotion in Greece for the products Depon and Vasexten respectively. PharmaSwiss is also the exclusive distributor in Greece and Cyprus for Covidien, the leading medical device manufacturer of surgical equipment and disposables.

16.743.277

PHARMASWISS HELLAS SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

2.323.792

TURNOVER (in euro)

10.142.608

16.743.277

65,08

Contact Details

PROFIT BEFORE TAXES (in euro)

1.016.970

2.323.792

128,50

GROSS PROFIT (in euro)

5.027.533

7.319.532

45,59

OWN EQUITY (in euro)

1.460.128

3.216.345

120,28

LIABILITIES (in euro)

53 Pentelis Ave 15235, Athens, Greece Tel: +302108108460 Fax: +302108108480 Website: http://www.pharmaswiss.com

8.375.646

9.376.797

11,95

DEBT BURDEN

85,15

74,46

-12,56

EQUITY YIELD

69,65

72,25

3,73

Diamonds

183

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD PRODUCTS Industrial

Biggest dairy product producer in northern Greece The Dairy Drama SA with distinctive title “ NEOGAL “ was founded in 1964 in Drama and is one of the first dairies in Northern Greece . The company produces dairy products with significant presence in the local market and not only holds about 3% of fresh pasteurized milk nationwide based on current data . The company receives daily cow and goat milk from the milk zone located in the basin of Drama namely the prefectures of Drama, Kavala and Serres . The receipt of the milk is made from the milk chilling plants that exist in each cooperating farmer and then transferred to tank trucks owned company facilities in Drama for processing. The NEOGAL sells its products in the prefectures of Drama , Kavala , Xanthi , Serres , Rodopi, Thessaloniki and Athens.The receipt of raw materials such as cow and goat milk is made from proprietary network of receipt of the company which consists of a modern fleet of seven tanks receiving milk .

TURNOVER 16.565.147

NEOGAL SA

PROFIT BEFORE TAXES

2012

CHANGE (%)

15.926.361

16.565.147

4,01

2.123.525

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

1.271.828

2.123.525

66,97

GROSS PROFIT (in euro)

4.121.056

4.819.473

16,95

OWN EQUITY (in euro)

18.745.059

20.357.080

8,60

LIABILITIES (in euro)

1st July st, 66100, Drama Tel: 25210-21134 / 24063 Fax: 25210-21478 Email: info@neogal.gr WebSite: http://www.neogal.gr/

CLOTHING - FOOTWEAR Industrial

TURNOVER

3.409.309

3.214.231

-5,72

DEBT BURDEN

15,39

13,64

-11,39

EQUITY YIELD

6,78

10,43

53,74

Wholesale distribution in 35 different countries Bodytalk was established in 1996 and is active in the athletic clothing market. The company produces and sells its products under the brand names ‘Bodytalk’, ’ BDTK’ and ‘Bodytalk Kids’. All three brand-names are registered as international trade marks in several countries around the world. The product category includes classic and fashion sport athletic for adults and kids, jackets, bathing suits, accessories and shoes. The company’s headquarters, production business unit and logistics ‘center are located in a privately owned building of 3.000m2 space, in Athens. In 2013 the company acquires a plot of 2.000m2 located right next to its central facilities for future expansion. The company’s root to market is served: à in Greece through wholesale distribution in 500 clients and retail business (32 retail stores), Overseas: wholesale distribution in 35 different countries.

15.326.068

BODY TALK SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

1.906.213

TURNOVER (in euro)

14.744.896

15.326.068

3,94

Contact Details

PROFIT BEFORE TAXES (in euro)

1.456.445

1.906.213

30,88

GROSS PROFIT (in euro)

7.374.383

7.772.394

5,40

OWN EQUITY (in euro)

6.631.054

8.123.033

22,50

LIABILITIES (in euro)

Irinis 36, Tayros 17778, Attica Τel: 2103400000 fax. 2103400180 e-mail: info@bodytalk.com Website: www.bodytalk.com/

186

2011

Diamonds

6.646.704

6.522.640

-1,87

DEBT BURDEN

50,06

44,54

-11,03

EQUITY YIELD

21,96

23,47

6,84

DIAMONDS OF THE GREEK ECONOMY 2014

TELECOMMUNICATIONS CONSTRUCTIONS Industrial

TURNOVER 16.198.168

PROFIT BEFORE TAXES 931.541

Currently considered one of the key market players EDIL HELLAS is a group of companies founded in Thessaloniki in 1985 with the objective of offering high quality products and services in the Greek market. Originally Edil was established under the name Studio Line Provisions with the legal form of a General Partnership and main activity the manufacturing of products made of aluminum, PVC and wood for the building construction sector. In 1989 the company was converted to a corporation and since 2002 it has been registered as EDIL Hellas ATEBE. Soon the purpose of the company expanded in the Telecoms sector with the construction of plants and base stations for mobile telephony, and in the framework of this activity a modern production unit for the manufacturing of masts and metallic structures was established. Alongside Telecommunications, Edil’s activities expanded with the establishment of subsidiary companies. At present, main lines of business of Edil include services and solutions for the Telecoms, Gas, General Construction & Energy and Waste Management markets. In each of these areas Edil has gained recognition and is currently considered one of the key market players. Edil’s customer base comprise organizations from the private and public sectors such as Telecom Operators, Technology Vendors, Gas Operators, Utilities, Municipalities and other Public Authorities. Activities With more than 160 employees, the company is headquartered in Thessaloniki at Voulgari 58 St. Facilities also include privately held branch offices and operational centers in Thessalonikis Industrial Area of Sindos (6,000 sq.m.), in Athens, Ydras 7 Gerakas (1,500sq.m) and in Larisa (600sq.m.). Company activities follow International Quality Assurance, Environmental and H&S standards and are certified according to ISO 9001, ISO 14001 and ELOT 1801. As far as regards Telecom sector, services include Licensing and Site Acquisition, Site Infrastructure Construction (Civil, Metallic, HM), Equipment Installation & Commissioning, Fiber Optic, O&M, production of metallic masts and shelters, hybrid power systems and solutions for energy efficiency. On the other hand, Edil’s portfolio for Gas is tailored to address the needs of Gas Network Operators and includes Consulting & Engineering services, pipeline construction, maintenance, SCADA, corrosion control systems, smart telemetry. For the sector of General Constructions, Edil is classified as Class D Contractor for public works. Apart from the construction of buildings & other Civil and EM infrastructures, Edil is investing in providing integrated solutions to increase energy efficiency and reduce carbon emissions. This includes solutions and services for waste management, recycling centers and plants for renewable energy production. Orientation EDIL vision is to provide products and services with high added value for its customers with flexibility, caring for the health and safety of personnel and with respect for the environment . Another important objective is to be consistent to the customer needs and to the ever changing market needs . Evaluating the current economic environment , the company is focusing its efforts on strengthening and developing its core activities with the objective to increase efficiency and quality thus enabling its customers to reduce costs and secure their investments. EDIL SA 2011

2012

12.600.100

16.198.168

28,56

606.226

931.541

53,66

GROSS PROFIT (in euro)

2.371.240

2.763.967

16,56

OWN EQUITY (in euro)

6.692.668

7.360.542

9,98

LIABILITIES (in euro)

Contact Details

TURNOVER (in euro)

Voulgari 58, Thessaloniki Greece P.O. 542 49 Τel:. +30 2310320777 Website:www.edil.gr Email: info@edil.gr

PROFIT BEFORE TAXES (in euro)

CHANGE (%)

6.578.031

5.984.681

-9,02

DEBT BURDEN

49,57

44,85

-9,53

EQUITY YIELD

9,06

12,66

39,72

Diamonds

185

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS DETERGENTS Industrial

Veteran in it’s field

Simos Anastasopoulos

TURNOVER 15.081.270

PROFIT BEFORE TAXES 952.072

The Petsiavas SA firm has been active in the Greek market for over 90 years, and, in more recent decades, has developed into a multi-faceted firm in the medical field. The company was founded in 1920 and its administration remains in the control of the founder’s family, three generations on. Over the years, the Petsiavas family has modernized the firm’s activity, adapting to modern-day market standards and needs. The firm’s Pharmaceuticals Division produces and distributes products carrying the firm’s brand name, while also catering to the production needs of other firms. The company’s Health Products Division specializes in sales and distribution of over-the-counter items to pharmacies and wholesalers. The Hospital Products Division specializes in providing medical products and supplies surgical and hospital materials. The firm’s activities are supplemented by its Consumer Products Division, selling stockings, socks, underwear, and bathers; the Chemical Raw Materials Division, which provides materials to the textile and petroleum industries; and the Plastics Division, supplying raw materials to various industries. Petsiavas SA has been active in the pharmaceuticals sector for over 40 years, marketing in Greece the medicine Glucophage (Merck Serono), which is produced at the company’s facility, as well as Euthyrox (Merck Serono) and Ultra Levure (Laboratoires Biocodex). The firm’s Medical Product Division consists of marketing, sales, and customer service departments. A total of 20 persons are employed at this division, of which 15 are specialized salesmen and medical advisors. The company’s Hospital Products Division supplies hospitals and clinics throughout the country with a range of medical-field products, including surgical, such as bandages, diagnostic tools, surgical tools, surgical devices, orthopedic implants, and tubes. This division operates with an optimal quality control system intact, and is certified with a European quality-management EN ISO 9001:2000 standard. The services offered by the firm’s Hospital Products Division for over 30 years have established Petsiavas SA as one of the most reliable firm’s in the medical field. In 2012, the firm posted sales of 15 million euro and a profit figure of 952,000 euro, while, in 2013, the firm’s sales increased to 15.6 million euro and profit reached 718,000 euro. PETSIAVAS N. SA

186

2011

2012

15.889.739

15.081.270

-5,09

904.507

952.072

5,26

GROSS PROFIT (in euro)

7.559.602

7.329.715

-3,04

OWN EQUITY (in euro)

5.683.100

6.030.166

6,11

LIABILITIES (in euro)

Contact Details

TURNOVER (in euro)

Αgion Anargiron 21, Ν. Kifissia , 14564 Τel: +30 210 6202301 Fax : +30 210 8077079 Email: info@petsiavas.gr Website: http://www.petsiavas.gr/

PROFIT BEFORE TAXES (in euro)

Diamonds

CHANGE (%)

8.892.457

8.617.369

-3,09

DEBT BURDEN

61,01

58,83

-3,57

EQUITY YIELD

15,92

15,79

-0,80

DIAMONDS OF THE GREEK ECONOMY 2014

NANOS J. SA FOOD PRODUCTS Industrial

Giant in quality The firm Nanos SA has been active in the field of processing and meat product manufacturing over the past 32 years. The firm’s principles are based on hygiene and food safety. It is a basic objective for the firm to produce and offer consumers quality meat products that fully meet European industry standards. Nanos SA meat products undergo modern internationally recognized control and certification procedures to ensure exceptional product quality for consumers. For its products, the company uses local meats as well as meat from Dutch suppliers certified for meeting quality and safety standards. The company’s product range includes pork neck, pork shoulder, pork steak, pork loin, pork chops, ham hock, pork breast, and pork roll. Manufactured meat products at Nanos SA include pork souvlaki, chicken, pork and chicken gyro, kebab, “bifteki” (burger-type mince recipe, and stuffed “bifteki”. Products come in a large variety of sizes. Souvlaki ranges from 55 to 200 grams per piece and gyro slabs range from 5 to 80 kilograms.

TURNOVER 14.888.579

NANOS J. SA

PROFIT BEFORE TAXES 448.563

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Tzaverdella, Aspropyrgos, Attica, Greece Tel: 210 5590994 Fax: 210 5591100 Website: www.nanosaeve.gr Email: info@nanosaeve.gr

2011

2012

CHANGE (%)

14.473.078

14.888.579

2,87

518.397

448.563

-13,47

GROSS PROFIT (in euro)

2.039.466

1.834.674

-10,04

OWN EQUITY (in euro)

3.466.810

3.725.998

7,48

LIABILITIES (in euro)

1.937.685

2.043.084

5,44

DEBT BURDEN

35,85

35,41

-1,22

EQUITY YIELD

14,95

12,04

-19,49

ARI SA FOOD PRODUCTS Industrial

TURNOVER

One of the biggest cheese product suppliers to Germany ARI is active in packaging and trading of feta cheese, various other cheese products, as well as table olives. Specifically, ARI supplies markets with feta, manouri, cheese spread, goat’s cheese herder’s cheese, as well as Kalamata olives, green olives and and black olives. ARI products are extraordinary cheeses with amazing aromas and taste and a unique texture. The special flavour and quality of these products is due to the distinctive milk of the island of Lesvos, taken from local sheep and goats grazing the island pastures, and the use of the company’s own recipes, honed to perfection over the last forty years. All the aforementioned products are also made available by the company through catering services. The firm posted a considerable rise in total turnover in 2012, but pretax profit fell. Total turnover in 2012 reached 14,476,594 euro from 11,053,793 euro in 2011. On the contrary, sales slipped to 792,872 euro in 2012 from 1,136,122 in the previous year.

14.476.594

ARI SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

792.872

TURNOVER (in euro)

11.053.793

14.476.594

30,96

Contact Details

PROFIT BEFORE TAXES (in euro)

1.136.122

792.872

-30,21

GROSS PROFIT (in euro)

2.705.311

3.007.001

11,15

OWN EQUITY (in euro)

6.749.557

7.055.707

4,54

LIABILITIES (in euro)

Lakkoma, Nea Kallikratia, 63080 Tel: 23990 20.127 Fax: 23990 20.129

3.355.473

4.562.594

35,97

DEBT BURDEN

33,21

39,27

18,26

EQUITY YIELD

16,83

11,24

-33,24

Diamonds

187

DIAMONDS OF THE GREEK ECONOMY 2014

SUPERMARKETS Commercial

TURNOVER

Enriching product range, modernizing facilities Mykonians John and Flora Kontaratou have been active in business of food and beverages since 1970 . In 1989 and after 19 years of successful commercial activity, they decided to proceed with the establishment of the first Super Market Flora expanding the horizons of development for the business. This initiative was succeeded by the next generation which with a clear strategy in terms of quality and high level of services proceeded to the organization of operational structures , the use of modern technological equipment , to enrich the product range, in order to be the first and basic customer choice of in a significant competitive environment . Today the J. & F. Kontaratou SA with Super Market Flora to be members of the Group Super Market ASTERAS, list three stores on the island of Mykonos , offering a variety of products to consumers.

23.217.746

KONTARATOU Î&#x2122;. & F. SA

PROFIT BEFORE TAXES 1.803.949

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Ornos, Mykonos, 84600 Cyclades Tel: +3022890-78155 Website: http://www.mykonos-flora.gr

2011

2012

CHANGE (%)

13.211.501

14.397.822

8,98

478.274

536.127

12,10

GROSS PROFIT (in euro)

3.042.174

2.983.762

-1,92

OWN EQUITY (in euro)

1.894.508

2.376.270

25,43

LIABILITIES (in euro)

3.988.427

3.369.868

-15,51

25,25

22,56

-10,65

DEBT BURDEN EQUITY YIELD

FOOD TRADING Commercial

Guaranteed success! LAOUDIS FOODS was founded in 1987 and since then has represented and distributed high quality raw materials for pastry, bakery and gelato in the Greek market, with great success. These materials come from many famous producers-suppliers, exclusively from European countries with a long tradition in this section (Italy, France, Germany, Holland, Belgium etc). Having a vast range of more than 2,000 different products, LAOUDIS FOODS can be the main supplier of any professional confectioner, baker and gelato maker, for any material he may need, such as; mixes of bakery and pastry, chocolates and couvertures, coatings, butter, vegetable and animal creams, milk, flavorings, yeasts, bases, flavors and variegates for gelato, as well as forms and silicone molds, chocolate decorations and food packaging (trays, bowls, etc).

TURNOVER 13.989.214

LAOUDIS BROS SA

PROFIT BEFORE TAXES

2011

2012

14.519.319

13.989.214

-3,65

399.232

513.882

28,72

GROSS PROFIT (in euro)

4.079.815

3.983.578

-2,36

OWN EQUITY (in euro)

2.110.998

2.489.770

17,94

LIABILITIES (in euro)

513.882

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

4, Ath. Diakou str., 19009 Pikermi, Attica, Greece T: +30 210.6039228, E: info@laoudis.gr, www.laoudis.gr

188

Diamonds

CHANGE (%)

7.066.172

5.914.747

-16,29

DEBT BURDEN

77,00

70,38

-8,60

EQUITY YIELD

18,91

20,64

9,14

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS COSMETICS Commercial

Net profit jumps by 584% amid the crisis In January 1998, founded the Greek subsidiary firm of Chiesi, an Italian pharmaceuticals firm based in Parma, northern Italy, boasting an admirable track record in pharmaceutical research, especially for respiratory . A series of innovative products have offered doctors tremendous support and reliable solutions for acute conditions such as asthma, chronic obstructive pulmonary disease, and breathing difficulties of newly-born babies. Today, 16 years later, Chiesi Hellas has multiplied its personnel more than five-fold as sales of the company’s products have soared. Organized as an extremely efficient unit with a dynamic presence in the Greek pharmaceutical market, the firm has enjoyed a rapid growth rate that provides a strong base for an even sturdier future. Since its launch, the firm has managed to forge significant collaborations with major Greek pharmaceutical firms, including Bennett Group , Pharmathen, Vianex but also with other international companies like Zambon Italy.

TURNOVER 13.942.531

CHIESI HELLAS SA PHARMACEUTICALS

PROFIT BEFORE TAXES 775.150

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

89 K. Karamanli (ex-Skoufa) 15125 Maroussi, Athens Τel: +30 210 6179763 Fax: +30 210 6179786 email: chiesihellas@chiesi.com

PLASTICS - RUBBER Industrial

TURNOVER

2011

2012

CHANGE (%)

12.672.383

13.942.531

10,02

113.313

775.150

584,08

GROSS PROFIT (in euro)

9.156.510

9.212.929

0,62

OWN EQUITY (in euro)

1.159.064

1.560.897

34,67

LIABILITIES (in euro)

6.142.236

5.970.415

-2,80

DEBT BURDEN

84,13

79,27

-5,77

EQUITY YIELD

9,78

49,66

407,97

Primary objective for the company is innovation Megaplast considered to be the world leader of ventilated stretch films. The company continuously striving for excellence in the development of flexible packaging with a long standing commitment to research and development. Megaplast manufactures and exports specialized packaging materials and is located in Crete, Greece. The company established in 1995 and supplies the market with a complete range of innovative flexible packaging materials. The Production Plan Facilities of the company are located in Heraklion in Crete, while the R&D Center is located in Athens. Megaplast’s Product Family is consisted of three major categories: 1. Industrial Stretch Films 2. Perforated Stretch Films and 3. Reinforced Stretch Films

13.788.333

MEGA PLAST SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

1.041.025

TURNOVER (in euro)

12.894.836

13.788.333

6,93

Contact Details

PROFIT BEFORE TAXES (in euro)

1.017.236

1.041.025

2,34

GROSS PROFIT (in euro)

4.522.290

4.425.525

-2,14

OWN EQUITY (in euro)

15.160.270

15.909.494

4,94

LIABILITIES (in euro)

Industrial Area, Road A/D, P.O. BOX 1252 71001 Heraklion, Crete, Greece Tel: +30 2810 381412 Email: sales@megaplast.gr

10.809.407

8.223.071

-23,93

DEBT BURDEN

41,62

34,07

-18,14

EQUITY YIELD

6,71

6,54

-2,48

Diamonds

189

DIAMONDS OF THE GREEK ECONOMY 2014

BEVERAGES Industrial

New beer, new quality

Athanasios Syrianos

TURNOVER 13.488.191

PROFIT BEFORE TAXES 1.523.680

Brewery εzα protypos hellenic brewery is an entirely Greek company, which actively contributes to the decentralised development of the economy of Greece. It was established in 1989 as an homonymous subsidiary company of a German group, the beer brand of which was launched in Greece in 1980. In 1988, the German parent company undertook the development of its brand in Greece and a year later it acquired its plant at Atalanti. Right after, the company was reconstructed and renamed as Hellenic Breweries of Atalanti S.A. (ΕΖΑ). In 1998 the Greek businessmen participating in the company began to buy out te shares of the German company and in 2003 the procedure was concluded, leading to the complete localization of ownership. In order to achieve financing of its development strategy εzα protypos hellenic brewery proceeded in 2013 to an increase of its capital stock, with the participation of the strategic investor DAMMA HOLDINGS S.A. (investment firm of D. Daskalopoulos). Having increased its capital, the company’s management commited itself to the implementation of an ambitious, while realistic development strategy, with the essential vision to concentrate Greek brand names in the wider area of beer, soft drinks and bottled water markets, under a common shareholding structure with a distinct presence in Greek and foreign markets. Beer Plant εzα protypos hellenic brewery has a modern beer plant of high capacity and more than 100 skilled employees in Atalanti, Fthiotida. The Atalanti plant, located in the centre of Greece, operates in harmony with the natural environmnet using for the beer production the spring water of Parnassos Mountain that is of excellent quality and composition. It produces high quality malt product using as raw materials chosen varieties of summer Scarlett and Prestige barleys and aromatic hops from Hallertau, Bavaria and Saaz, Bohemia. εzα protypos hellenic brewery successfully applies an integrated system of state-of-the-art production and environmental care processes, meeting the ELOT EN ISO standards. The Brands εzα protypos hellenic brewery produces in its private modern plant four excellent products: the new ζ εζα Premium Pilsener, Pils HELLAS, BLUE Island and BERLIN premium lager. Meanwhile, it has developed international marketing of recognised brands, among which Krombacher and Gulden Draak. With its wide range of products, εzα protypos hellenic brewery offers to consumers a wide variety of high quality beers and thus consolidates a complete strategic advantage, quality and service, aiming to the satisfaction of modern consumer’s needs. EZA PROTYPOS HELLENIC BREWERY 2011

2012

CHANGE (%)

Contact Details

TURNOVER (in euro)

10.734.675

13.488.191

25,65

Olympou 3, 151 23, Nea Filothei Amarousio, Τel.: +30 210 6898 520 Fax: +30 210 6898525 Website: http://www.eza.gr/

PROFIT BEFORE TAXES (in euro)

-194.519

1.523.680

GROSS PROFIT (in euro)

3.884.599

4.127.262

6,25

OWN EQUITY (in euro)

5.106.237

6.491.261

27,12

LIABILITIES (in euro)

7.969.586

8.903.205

11,71

-3,81

23,47

DEBT BURDEN EQUITY YIELD

190

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

cOLORA SA TEXTILES Industrial

TURNOVER

Survivor in the Greek textile industry Colora, along with a further five to six firms active in the embattled textile industry’s dyeingfinishing category, could be likened to a fierce ancient Spartan warrior. As openly declared by the company’s president, Mr. Apostolidis, the energy-cost factor has sent Colora reeling. “…Our firms just cannot cover this cost increase. The cost of energy, which constituted 10% of the total, now makes up approximately 30%. This 20% difference cannot be passed on to our clients,” noted Mr. Apostolidis. Essentially, we are offering credit facilities to them so that they can continue producing, as it is not at all easy for them to obtain capital support from banks.” Colora processes woven fabrics, applying various methods, for its clients. The firm is particularly successful with processing elastic fabrics of various combinations, such as cotton-spandex, viscose-spandex, tactel-spandex, and polyester. The firm’s operating units include bleaching, dyeing, and finishing sections.

13.329.715

COLORA SA

PROFIT BEFORE TAXES 1.410.269

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Thermi, Thessaloniki Tel: 2310489800 Fax: 2310461063 Website: http://www.colora.gr/ Email: info@colora.gr

FOOD PRODUCTS Industrial

2011

2012

CHANGE (%)

10.761.237

13.329.715

23,87

495.373

1.410.269

184,69

GROSS PROFIT (in euro)

1.712.903

2.654.917

55,00

OWN EQUITY (in euro)

21.953.114

25.187.881

14,73

LIABILITIES (in euro)

953.150

1.752.778

83,89

DEBT BURDEN

4,16

6,51

56,35

EQUITY YIELD

2,26

5,60

148,13

Greek potato chips producer Ohonos snacks is a Greek firm with advanced knowhow in production of chips and snacks. Based in northern city Thessaloniki’s industrial zone of Sindos, the firm launched its activities in the food sector in 1994, as a chips and snacks producer. The firm’s use of pure ingredients, under strict quality-control conditions, is a company hallmark. Marketing its products with Jumbo as the brand name, the company’s range includes various types of chips, whose flavors include salt, oregano, vinegar, barbecue, ketchup, as well as cheese onion. The firm also produces various other snacks, included cheese-flavored crisps and pop corn. All products are also available for catering purposes and family-sized packaging. In 2012, the firm posted a 13.63% rise in sales. Total turnover for the year reached 13,284,667 euro.

TURNOVER 13.284.667

OHONOS SNACK SA

PROFIT BEFORE TAXES

2011

1.271.799

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Sindos industrial zone (entrance C) 57022, Sindos, Thessaloniki, Greece Tel: 2310 795 299 Fax: 2310 795 399 Website: http://www.ohonos.gr/

2012

CHANGE (%)

11.691.623

13.284.667

13,63

-197

1.271.799

GROSS PROFIT (in euro)

5.403.645

6.332.764

17,19

OWN EQUITY (in euro)

7.460.914

8.229.859

10,31

LIABILITIES (in euro)

1.710.520

2.732.711

59,76

DEBT BURDEN

18,65

24,93

33,66

EQUITY YIELD

15,45

Diamonds

191

DIAMONDS OF THE GREEK ECONOMY 2014

FOOD TRADING Commercial

TURNOVER

The company who overcame the economic crisis. S.TZANIDIS S.A. is a trading company founded in 1969 by Evangelos Tzanidis as distributors of raw materials for Bakeries and Confectioneries in Athens under the name K. TZANIDI & CO. On 1980 Sotiris Tzanidis joined the company and changed the legal form of the company under the name of S.TZANIDIS S.A specializing in trading of Sesame seeds, Nuts and Grains, Spices and Food Ingredients with a strong corporate concept. Having the experience and direct knowledge of the needs of the customers the company started to import directly, from factories abroad, raw materials for the food industry, distributing throughout Greece and in other European countries in collaboration with significant commercial firms. Specializing in buying and selling raw materials in large quantities from all over the world, S.TZANIDIS S.A is one of the leaders in this area and can achieve significant price advantages that are passing on directly to the customers.

13.195.547

TZANIDES S. SA

PROFIT BEFORE TAXES

2012

CHANGE (%)

11.563.410

13.195.547

14,11

1.640.072

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

1.054.620

1.640.072

55,51

GROSS PROFIT (in euro)

2.314.087

2.911.525

25,82

OWN EQUITY (in euro)

5.299.929

6.066.308

14,46

LIABILITIES (in euro)

TATOIOU 337 Α,136 77 ACHARNES ATHENS-GREECE Tel : +30 210 8002550 Fax: +30 210 8002559 Email: sales@tzanidis.gr

FOOD PRODUCTS Industrial

TURNOVER

3.333.632

2.743.143

-17,71

DEBT BURDEN

38,61

31,14

-19,36

EQUITY YIELD

19,90

27,04

35,87

Market leader in pita-bread production ELVIART SA specializes in the production of pita bread for souvlaki. Nowadays enjoying a strong market presence, the business was launched back in 1952, as a small-scale production facility, by Giorgos Kaloidas and, over the years, developed into an industrial enterprise based in Aspropyrgos, west of Athens. The firm is ranked first, both in terms of market share and number of employees. Elviart began exporting in the early 80s. The firm’s objective is to maintain its leading market position by offering consumers the market’s most delicious pita bread for souvlaki. The firm has been achieving this over the past 60 years or so through continual effort for improvement, considerable investment in technology, knowhow, and, above all, the devotion and drive of staff members for perfection. Based on the hiring of specialized personnel and investments in state-of-the-art industrial equipment, Elviart expects to continue being the market leader by offering high-quality products in a sector that has displayed increased demand over recent years, both in Greece and abroad.

13.158.696

ELVIART KALOIDAS SA

PROFIT BEFORE TAXES

2011

2012

12.945.371

13.158.696

1,65

66.757

457.347

585,09

GROSS PROFIT (in euro)

4.012.567

4.577.587

14,08

OWN EQUITY (in euro)

4.442.487

4.781.769

7,64

LIABILITIES (in euro)

457.347

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Lako Golemi location, Aspropyrgos 19300, Attiki, PO BOX 17010 Tel: 210 55 79 700 Fax. 210 55 70 594 http://elviart.gr/

192

2011

Diamonds

CHANGE (%)

3.339.300

1.605.377

-51,92

DEBT BURDEN

42,91

25,13

-41,43

EQUITY YIELD

1,50

9,56

536,48

DIAMONDS OF THE GREEK ECONOMY 2014

CRETAN PAPER INDUSTRY PAPER Industrial

TURNOVER

Covering Cretan packaging market SP-CRETAN PACKAGING HELLAS SA operates an industrial plant in Crete’s Ierapetra region, and has been active sine 1987. The firm belongs to the SP-CARTONPACK HELLAS SA group. SP-CRETAN PACKAGING HELLAS SA covers packaging needs for industrial and agricultural products in the Cretan market, while also offering its services to firms in parts of southern Greece. The company is also developing export activity to countries of the Middle East. Being part of a major multinational firm, the company pursues investment programs that continuously strive to modernize its industrial facility, the objective being to offer high-standard products to clients, increased environmental protection, and improved working conditions for personnel. The firm’s entire team of staff members has been recruited from the local community, as well as other parts of Crete. SP-CRETAN PACKAGING HELLAS SA is striving for continual improvement and development of its products and services offered in Greece and the international market, establishing the company as a pioneering industrial firm for its sector in the wider Cretan region.

12.921.948

SP-CRETAN PACKAGING HELLAS SA

PROFIT BEFORE TAXES 809.722

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Pahia Ammos, 722 00 Ierapetra, CRETE Τel: 28420 93252, 93280 Fax: 28420 93206 Email: sales.creta@sp-cartonpack.com

PUBLISHING Commercial

TURNOVER

2012

CHANGE (%)

10.452.057

12.921.948

23,63

61.434

809.722

1.218,04

GROSS PROFIT (in euro)

1.245.766

2.113.211

69,63

OWN EQUITY (in euro)

7.625.860

8.245.918

8,13

LIABILITIES (in euro)

2.520.117

2.775.396

10,13

DEBT BURDEN

24,84

25,18

1,38

EQUITY YIELD

0,81

9,82

1.118,92

Market leader in publishing since 1974 S. Patakis SA (publications, trading and distribution) is best known as Patakis Publications. Though primarily a publishing house, the company is also involved in other activities. At present, 87% of the firm’s activities concern production and 13% are related to trading. Other company activities include provision of services and participation in equity capital of other firms. The company’s own production concerns mostly books, which cover 98.5% of its total production. Magazines, educational material and software make up the remainder. Most of the firm’s commercial activity is conducted at its downtown Athens bookstore (65 Akadimias st). Sales revenues generated through company sales of items offered by other publishers represent 11% of total revenues. The firm recently added to its commercial activity importing and trade of stationery and office materials, as well participation in competitions for book supplies to others, cases including collaboration with the Educational Institute for writing and publishing of books for high school and university levels of education, as well as participation in programs.

12.739.443

PATAKIS S. SA

PROFIT BEFORE TAXES

2011

2012

12.245.097

12.739.443

4,04

512.956

734.732

43,23

GROSS PROFIT (in euro)

6.623.399

6.607.403

-0,24

OWN EQUITY (in euro)

16.763.156

16.657.730

-0,63

LIABILITIES (in euro)

10.033.034

9.683.023

-3,49

3,06

4,41

44,11

734.732

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

38 Panagi Tsaldari 104 37, Athens Tel: 210.36.50.000 Fax: 210.52.05.600 website: http://www.patakis.gr, email: press@patakis.gr

2011

CHANGE (%)

DEBT BURDEN EQUITY YIELD

Diamonds

193

DIAMONDS OF THE GREEK ECONOMY 2014

METAL PRODUCTS Industrial

Strong player in the aluminium market METALOUMIN SA is one of the oldest aluminium extrusion industries in Greece, active since 1969 in the production of aluminium panels for architectural applications (doors, window frames), as well as specialized constructions (ladders, lighting, greenhouse framework, etc). The firm is based in Acharnes, on the northern outskirts of Athens, at a facility measuring 23,000 square meters. Company exports are focused on the markets of the UK, Germany, Romania, Cyprus, Malta, Belgium, Slovakia, and the Czech Republic. The firm is also present in Zambia, Tanzania, and Ethiopia, designing and producing systems especially adapted to the conditions of these countries. Since 2009, Metaloumin has also specialized in the design and production of fixed and adaptable alumunium foundations for photovoltaic systems at farms, industrial sites, and domestic installations. These aluminium foundations, produced at the firm’s Greek plant, are made to fit all types of photovoltaic systems and are connected with high-quality stainless steel parts.

Turnover 12.575.649

METALOUMIN SA 2011

2012

CHANGE (%)

7.521.956

12.575.649

67,19

PROFIT BEFORE TAXES 1.395.793

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

472.687

1.395.793

195,29

20 Agiou Fanouriou, Ktypito, Acharnes, 13671, Athens. Tel: 210 2463630 Fax: 210 2464471 Email: metaloumin@metaloumin.gr Website: http://www.metaloumin.gr/

GROSS PROFIT (in euro)

2.182.058

4.002.105

83,41

OWN EQUITY (in euro)

5.271.692

6.384.187

21,10

LIABILITIES (in euro)

MACHINES Commercial

6.949.184

7.962.845

14,59

DEBT BURDEN

56,86

55,50

-2,39

EQUITY YIELD

8,97

21,86

143,83

Automated systems for industrial packaging Launching its operations in 1985, Theodorou Automations SA has offered innovative solutions to Greek industry in areas such as codification, labeling, product weighing, packaging automation, production management, and traceability. The firm has implemented thousands of successful applications for over 4,000 customers in all industrial sectors and the supply chain, both in Greece and Cyprus. The company collaborates with firms that rank as the largest and most established in their respective sectors, including Domino, Zebra, Motorola, Datamax, Herma, Espera, Garvens, and Trojan label. Theodorou Automations places particular emphasis on technical support offered to clients. The effort involves 45 experienced technicians and 7 technical support centers in Athens, Thessaloniki, Patras, Crete, Larissa, Alexandroupoli, as well as Cyprus.

TURNOVER 12.440.258

“THEODOROU AUTOMATION SAICT”

PROFIT BEFORE TAXES

2012

CHANGE (%)

568.712

TURNOVER (in euro)

10.217.478

10.087.429

-1,27

Contact Details

PROFIT BEFORE TAXES (in euro)

1.395.104

1.006.692

-27,84

GROSS PROFIT (in euro)

4.635.969

4.383.034

-5,46

OWN EQUITY (in euro)

10.596.628

11.747.656

10,86

LIABILITIES (in euro)

17 Agiou Athanasiou, PO Box 76 190 02, Peania, Attiki, Greece. Tel: 210 66 90 900 Fax: 210 66 40 200 www.theodorou.gr

194

2011

Diamonds

3.468.612

3.865.181

11,43

DEBT BURDEN

24,66

24,76

0,39

EQUITY YIELD

13,17

8,57

-34,91

DIAMONDS OF THE GREEK ECONOMY 2014

TRANSPORTATION EQ. & SPARE PARTS Commercial

Turnover 12.328.525

Dealer of European, Japanese and Asian spare parts. VIACAR S.A. was founded in 1978 in Athens by Vasilios Daskarolis and Iakovos Janidakis and very soon became one of the leading trading companies of spare parts in Greece. The main activity of VIACAR S.A. is to import from abroad and sell in the Greek market spare parts for all types of passenger cars and trucks, of European, Japanese and Asian manufacturers. The company cooperates only with top quality brands of spare parts, most of which, are of original quality and most of them are distributed in Greece exclusively by the company. The headquarters of VIACAR are in Lykovrissi of Athens, there is a branch in Thessaloniki that covers the distribution of the North Greece, and the storage of all stocks of goods is been done in the central logistics warehouse of the company in Aspropyrgos. The company has a broad channel of distribution with associates that cover the whole area of Greece. VIACAR SA 2011

2012

CHANGE (%)

11.595.268

12.328.525

6,32

PROFIT BEFORE TAXES 714.789

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

411.966

714.789

73,51

Αrgiri G. 71 & Amarousiou Avenue, Lykovrisi, 14123, Attica Τel: 2102848940 Fax: 2102818126 www.viacar.gr

GROSS PROFIT (in euro)

2.730.946

3.211.702

17,60

OWN EQUITY (in euro)

3.040.242

3.471.347

14,18

LIABILITIES (in euro)

8.691.964

8.528.927

-1,88

DEBT BURDEN

74,09

71,07

-4,07

EQUITY YIELD

13,55

20,59

51,96

IOANNIDIS TH METAL PRODUCTS Commercial

Leadin company in steel trading and processing Ioannidis Th. Sa is a 3rd generation company. It is one of the biggest Greek companies in steel trading and processing. Main targets of Ioannidis Th. Sa is the reliability and consistency with our partners. In 2012, the firm posted an 8% increase in total turnover and a 7% decrease in net pretax profit. Total turnover reached 12.21 million euro in 2012 from 11.29 million euro in 2011. Net pretax profit fell to 1.27 million euro in 2012 from 1.36 million euro a year earlier.

TURNOVER 12.213.899

IOANNIDIS SA

PROFIT BEFORE TAXES

2011

2012

CHANGE (%)

1.270.674

TURNOVER (in euro)

11.294.676

12.213.899

8,14

Contact Details

PROFIT BEFORE TAXES (in euro)

1.368.770

1.270.674

-7,17

GROSS PROFIT (in euro)

1.975.071

1.766.618

-10,55

OWN EQUITY (in euro)

11.949.353

13.365.386

11,85

LIABILITIES (in euro)

9.207.038

8.674.029

-5,79

11,45

9,51

-16,97

I.PE SINDOS O.T.47, Thessaloniki Tel: 0030 2310797.011 Fax: 0030 2310797.011 Email: info@ioannidis-abee.gr, sales@ioannidis-abee.gr

DEBT BURDEN EQUITY YIELD

Diamonds

195

DIAMONDS OF THE GREEK ECONOMY 2014

ELECTRICAL APPLIANCES Industrial

With distribution and sales department covering all regions of Greece

Dimitrios Lakasas

TURNOVER 12.440.258

PROFIT BEFORE TAXES 568.712

196

Olympia Electronics was established in 1979 and is legally an incorporated company (S.A.) The company’s annual production & distribution exceeds 600.000 units. The headquarters of the company are located in Northern Greece, near Thessaloniki. Olympia Electronics occupies 140 employees. Olympia Electronics is housed on its own land of 10.000 m2 and comprises 4000 m² premises. The company has a sales branch in Athens. The distribution and sales department covers all regions of Greece. Olympia Electronics is the dominant firm (53% market share) in the Greek market of emergency lighting & fire detection systems covering all the geographical area of the country. Furthermore, Olympia Electornics has a wide distribution network in the following areas: European Union, U.S.A., Middle East, East European & Central, European countries, Balcan countries, Arab countries Planning, Research & Development and Production of modern technology, of high reliability and quality are being accomplished at the company’s plant. The production line of Olympia Electronics is automated by the use of S.M.T. (Surface Mounted Technology). Olympia Electronics has the infrastracture to research, develop and produce customised applications in the general field of electronics and security systems. Having realized the immediate need to adjust to the European Union’s rules and regulations, Olympia Electronics has already certified its products. As a result, part of its main products have been approved by the European Institute TUV PRODUCT SERVICE and BSI (British Standart Institutes). All the products of the company bear the «CE» mark which is the European Certificate and also all the technical specifications are compliant with the European norms (EN) and the International standards IEC. Also Olympia Electronics is certified with ISO 9001:2000 quality certificate. Olympia Electronics’ products have been installed in the below prestigious projects. Military Airports in Greece,Olympic Village – Athens for olympic games 200, Athens Metro,Airport in Frankfurt, Prefecture of Vienna – Austria, Metro of Swerin – Germany,Central Halle of Olympic games, Grand Bretagne Hotel - Athens, Mac Donalds of Lennigrand – Russia, Hotels Hilton & Sheratton all over the world, Greek parliament, Greek central telecommunication building, Ministry of Greek Justice Fredderick School in Cyprus Trading companies, Distributors & Importers of electrical material and electronic security and safety systems, mainly in the field of emergency lighting and fire detection systems. OLYMPIA ELECTRONICS SA 2011

2012

12.198.163

12.440.258

1,98

705.830

568.712

-19,43

GROSS PROFIT (in euro)

4.450.761

4.202.968

-5,57

OWN EQUITY (in euro)

4.161.260

4.690.454

12,72

LIABILITIES (in euro)

Contact Details

TURNOVER (in euro)

KOLINDROS PIERIAS, 60061 - GREECE Tel: +30 - 23530 –51200, 51611-2, 51841 Fax:+30 –2353-51486 E-mail:info@olympia-electronics.gr URL: http://www.olympia-electronics.gr

PROFIT BEFORE TAXES (in euro)

Diamonds

CHANGE (%)

10.757.474

8.915.800

-17,12

DEBT BURDEN

72,11

65,53

-9,13

EQUITY YIELD

16,96

12,12

-28,52

DIAMONDS OF THE GREEK ECONOMY 2014

DICHEM CHEMICALS CHEMICALS

On an upward trajectory Dichem Chemicals SA, active as a local representative and distributor of raw materials used in the industries of cosmetics, pharmaceuticals, and detergents, belongs to the Dichem group. Besides Dichem Chemicals SA, the group is also comprised of Dichem Foods SA and Dichem Polymers SA. The group operates with the objective of supplying high-quality raw materials and effective technical support to clients during the development stage of new products. The firm has managed to represent some of the largest foreign producers of chemically-based raw materials and packaging materials. Greece’s biggest industrial producers are among the company’s clientele. The firm was founded in 1977 by two chemical engineers, Babis Lazaroglou and Nikos Palladas, both with extensive backgrounds working in the fields of cosmetics and pharmaceuticals. Since September, 2002, the firm has been based at its company-owned facilities along the AthensLamia national highway, in the Metamorphosi region, on the northern outskirts of Athens.

Turnover 11.174.091

DICHEM CHEMICALS SA

PROFIT BEFORE TAXES 1.047.353

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

93 Loutrou st, 13678, Acharnes, Attica Τel: +30 210 2403448 Fax: +30 210 2404145 Εmail: info@dichemchemicals.gr Website: http://www.dichem.gr/

2011

2012

CHANGE (%)

11.757.229

11.174.091

-4,96

990.758

1.047.353

5,71

GROSS PROFIT (in euro)

2.898.431

2.978.423

2,76

OWN EQUITY (in euro)

4.231.255

5.104.445

20,64

LIABILITIES (in euro)

7.772.210

4.783.274

-38,46

DEBT BURDEN

64,75

48,38

-25,29

EQUITY YIELD

23,42

20,52

-12,37

MITROSILIS FOOD PRODUCTS Industrial

Turnover

Constantly increasing investments both in machinery and well trained staff «Mitrosilis S.A» was founded in 1976 and since then it has been following a dynamic course in the field of packaging and exporting fresh fruit.Due to the Best Quality of its products, «Mitrosilis S.A», has managed to have a guaranty-ensuring reputation and to be a reliable partner of the Biggest Super Markets Chains in the Eastern and Western Europe, as well as in Scandinavian Countries. In total we export our products at 24 countries. Constantly increasing investments both in machinery and well trained staff are currently leading the way for high levels of total quality and satisfaction of even the most demanding standards established by European Union and our clients. The two stations of packaging citrus, apricots and grapes, of the company are located in Anifi Nafplion Peloponnese Fruits, carefully selected, and are arriving from all growing regions in Greece.

10.239.434

MITROSILIS SA

PROFIT BEFORE TAXES

2011

2012

11.652.749

10.239.434

-12,13

491.045

345.415

-29,66

GROSS PROFIT (in euro)

3.164.697

2.359.954

-25,43

OWN EQUITY (in euro)

5.374.084

4.546.622

-15,40

LIABILITIES (in euro)

345.415

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Aggelena 5, Anifi 21 055 Nafplio Tel.: + 30 275 204 5000 Fax: + 30 275 204 3036 Website: www.mitrosilis.gr e.mail: info@mitrosilis.gr

CHANGE (%)

1.368.570

1.775.528

29,74

DEBT BURDEN

20,30

28,08

38,37

EQUITY YIELD

9,14

7,60

-16,86

Diamonds

197

DIAMONDS OF THE GREEK ECONOMY 2014

PHARMACEUTICALS DETERGENTS Industrial

TURNOVER

Focused on private label products Greek firm DON POL SA was founded in 1975 as a producer and supplier of detergents and cosmetics. Following a 37-year presence in the market, as well as continual growth, the company has managed to establish itself as one of the most prominent in its field, with a focus on private label products. At present, the firm operates three production facilities – cosmetics, detergents, and chlorine products – in Acharnes, Athens. The firm also maintains 3,500-square meter storage facilities for finalized products. The company’s facilities are fully equipped with automated packaging lines, which, combined with a specialized work force, ensure consistency in product quality. DON POL products are produced in line with European regulations, as well as the local chemical product authority and EOF, the national pharmaceutical organization. The firm is also certified for its quality standards, as stipulated by the ΕLOΤ ΕΝ ΙSO 9001 standard. The company’s range of products, flexibility, punctuality, reliability, and excellent quality-price combination, all stand as its major advantages.

12.196.226

DON-POL SA

PROFIT BEFORE TAXES 421.105

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

86 Iviskou st,Acharnes, Athens Τel: (+30) 210 2467670 (+30) 210 2467662 Fax: (+30) 210 2465607 Εmail: info@donpol.gr

Food Products Commercial

2011

2012

CHANGE (%)

10.602.105

12.196.226

15,04

505.553

421.105

-16,70

GROSS PROFIT (in euro)

2.521.014

2.602.069

3,22

OWN EQUITY (in euro)

2.784.668

3.109.327

11,66

LIABILITIES (in euro)

8.222.659

9.538.234

16,00

DEBT BURDEN

74,70

75,42

0,96

EQUITY YIELD

18,15

13,54

-25,40

Active in 7 product categories; continuing along a growth path FALCON SA has been active in the raw materials sector for food, beverages, pharmaceuticals, animal feed, as well as other industrial applications, such as paper manufacturing, for approximately 20 years. The firm holds a leading market position on the strength of its innovative ways that have been linked to modern market needs. “For Falcon, supplying raw materials does not only mean promoting them and offering timely customer service, but, primarily, offering appropriate technical support by academics who are backed by up-to-date training on matters concerning the food sector and other industrial applications,” the company notes.

TURNOVER 11.831.618

FALCON SA

PROFIT BEFORE TAXES

2012

10.381.520

11.831.618

13,97

395.617

407.129

2,91

GROSS PROFIT (in euro)

1.652.901

1.960.051

18,58

OWN EQUITY (in euro)

1.431.924

1.724.331

20,42

LIABILITIES (in euro)

6.499.493

7.092.150

9,12

27,63

22,94

-16,96

407.129

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Agias Triados & Kefallinias Vari, 16672, Athens Tel: 210 96 53 580 Fax.: 210 96 53 582 falcon-01@otenet.gr

198

2011

Diamonds

CHANGE (%)

DEBT BURDEN EQUITY YIELD

DIAMONDS OF THE GREEK ECONOMY 2014

PAPADIOCHOS METAL PRODUCTS Industrial

TURNOVER

Growth amid the crisis PAPADIOCHOS SA began operating in 1981 in the production of metal constructions and electromechanical projects. In 1984, the firm’s activities were expanded into galvanizing for complete protection of metal constructions against corrosion. These days, the firm has established itself as the leader in its sector. PAPADIOCHOS SA is based in Aleveri, Evia, the island northeast of Athens, at a company-owned industrial space measuring 80,000 square meters that includes a 5,000-square meter sheltered facility. As part of the firm’s continual drive to upgrade services offered, it constructed the country’s largest galvanizing facility, measuring 12.8mx1.2mx2.2x and weighing 9 tons. The firm carries out galvanization procedures based on internationally recognized standards, such as the German industry standard DIN 50976, and the American standards A -123 & Α 153 ASTM, and ISO 1461. The firm is a member of the European General Galvanizers Association (EGGA) and the Industry Association for Thessaly and Central Greece.

11.762.011

PAPADIOCHOS SA

PROFIT BEFORE TAXES

2011

2012

11.136.870

11.762.011

5,61

1.124.253

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Lezides location, 34500, Aliveri Kymi tax office (DOY) Tel: 2223023045 Fax: 2223023321 email: info@papadiohos.gr

BEVERAGE TRADING Commercial

TURNOVER

818.205

1.124.253

37,40

GROSS PROFIT (in euro)

1.749.221

2.032.605

16,20

OWN EQUITY (in euro)

5.289.731

5.673.565

7,26

LIABILITIES (in euro)

5.612.706

5.014.109

-10,67

DEBT BURDEN

51,48

46,91

-8,87

EQUITY YIELD

15,47

19,82

28,11

Numerous renowned brands serve as this firm’s strength Siganos SA was founded in 1971 in the Cretan village of Agios Nikolaos, trade and distribution of wines and spirits, as well logistics services, being the firm’s main activities. The firm stands as one of the largest wholesale networks on Crete with a company-owned facility in Agios Nikolaos serving as its headquarters, a branch in the industrial zone of Iraklion, and a retail outlet in the center of Iraklion. The firm’s objective is continual expansion of activities as well as the creation of ties and associations with clients and suppliers whose operations are based on principles such as credibility and punctuality. The firm’s enormous range of products, including rare spirit and wine brands, as well as traditional products such as olive oil, is being constantly enriched to cover even the most demanding of customer needs. The firm’s well organized facilities, combined with its large fleet of delivery vehicles, assure safe storage and distribution of products. The firm closely monitors market trends and the sector’s potential through specialized and well-trained personnel, and offers services and solutions at all levels.

11.615.083

SIGANOS SA

PROFIT BEFORE TAXES

2011

2012

10.962.377

11.615.083

5,95

570.232

519.827

-8,84

GROSS PROFIT (in euro)

1.855.518

1.911.019

2,99

OWN EQUITY (in euro)

2.165.437

2.412.970

11,43

LIABILITIES (in euro)

519.827

TURNOVER (in euro)

Contact Details

PROFIT BEFORE TAXES (in euro)

Lasithi prefecture, Agios Nikolaos Kasteli region Τel: 2841026914 Fax: 2841028074 Website: www.siganos-sa.gr

CHANGE (%)

4.066.383

2.787.519

-31,45

DEBT BURDEN

65,25

53,60

-17,86

EQUITY YIELD

26,33

21,54

-18,19

Diamonds

199

DIAMONDS OF THE GREEK ECONOMY 2014

CHEMICALS Industrial

10.9% of the annual turnover goes to R&D

Nikitas Ragkousis

Turnover 17.554.227

PROFIT BEFORE TAXES 712.032

VIORYL S.A. is a Greek company established in 1946 whose main activities involve the development and production of industrial fragrances, flavours, fine chemicals and plant nutrition and protection products. VIORYL’s premises are located in Afidnes, Attica (headquarters and research laboratories) and Thiva, Boeotia (production and warehouse) covering a total of 12.500 square meters in buildings on an area of 50.000 square meters. Thanks to large investments in state-of-the-art technology as well as in qualified personnel, the company is nowadays the leader in the Greek market supplying clients with fragrances and flavours of high quality and innovative character. The dynamic evolvement in scientific research combined with the commitment to quality and close cooperation with customers, provide VIORYL with a competitive advantage and have gained the company an excellent reputation worldwide contributing effectively to its continuous growth. VIORYL reached a turnover of 19.2 million euros in 2013 recording a growth of 9.2% in comparison to 2012. R&D spending reached 10.9% of the annual turnover while new investments included the installation of new manufacturing equipment and process automation systems. VIORYL bases a substantial part of its growth abroad. About 46% of our turnover in 2013 came from exports, most of them being fine fragrances, natural flavors and fine chemicals of high added value. Rapidly expanding towards new markets worldwide, the company has an active presence in Europe, Middle East, Africa, Far East and North America. VIORYL caters to the specific needs of the customers by providing the appropriate solution whatever this might require: innovation, creativity or problem solving. “As VIORYL bases a substantial part of its growth abroad, we aim to further enhance our presence in foreign markets by expanding our network of representatives in new countries all over the world”. Mr Nikitas Ragoussis, Managing Director of VIORYL S.A. VIORYL SA

200

2011

2012

15.695.649

17.554.227

11,84

362.187

712.032

96,59

GROSS PROFIT (in euro)

7.220.071

7.793.735

7,95

OWN EQUITY (in euro)

10.642.756

11.040.253

3,73

LIABILITIES (in euro)

Contact Details

TURNOVER (in euro)

28th km Athens-Lamia national road, Afidnes 19014, Greece Tel.: +30 22950 45100 Fax: +30 22950 45250 Email: vioryl@vioryl.gr WEBSITE: www.vioryl.gr EMPLOYEES – 100 people

PROFIT BEFORE TAXES (in euro)

Diamonds

CHANGE (%)

10.878.091

10.947.045

0,63

DEBT BURDEN

50,55

49,79

-1,50

EQUITY YIELD

3,40

6,45

89,51

DIAMONDS OF THE GREEK ECONOMY 2014

MISCELLANEOUS Commercial

50% share of the Greek market.

Turnover 25.237.520

PROFIT BEFORE TAXES 4.456.761

Despite doing business in a very challenging sector, fashion and accessories, Luxottica Hellas is managing to weather the ongoing crisis relatively unaffected. Despite the overall negativity of market conditions and decreased consumer purchasing power, the firm’s profit figures have remained high, while sales have risen. The roots of the firm’s successful course hail back to 1991, at a fashion show in Paris, where the owner of Luxottica requested to meet Greek entrepreneur Stratos Tzamtzikakis, who was informed of Luxottica’s plans to launch a subsidiary firm in Greece, with or without a business partner. The Cretan entrepreneur immediately took a firm hold of the opportunity and the venture was named Luxottica Hellas. Tzamtzikakis and his Greek business partner entered the venture with a 49% stake. His partner eventually withdrew. At present, Tzamtzikakis holds a 30% stake in the subsidiary firm, while the parent company controls the other 70%. Luxottica Hellas markets sunglasses and reading glasses manufactured at the Luxottica plant, we well as sunglasses by celebrated firms, including Vogue, Byblos, Armani, Yves Saint Lauren, and Bvlgari, all of which provide the firm with a 50% share of the Greek market. In 2013, the firm’s sales increased by 2.63% to reach 26 million euro from 25.2 million euro a year earlier. The firm’s gross profit figure rose marginally to 9.3 million euro in 2013 from 9.2 million euro in 2012. Pretax profit decreased by 9.52% to 4 million euro from 4.4 million euro a year earlier. Finally, total debt remained unchanged at 8.7 million euro in 2013. The parent company was founded in 1961 by Leonardo Del Vecchio in Agordo, Italy. These days, the company’s headquarters are located in Milan. Luxottica Group S.p.A is the world’s largest eyewear company, controlling over 80% of the world’s major eyewear brands. Its best known brands are Ray-Ban, Persol and Oakley. It also makes sunglasses and prescription frames for a multitude of designer brands such as Chanel and Prada, whose designs and trademarks are used under license. Luxottica also makes sunglasses branded Giorgio Armani, Burberry, Stella McCartney, Versace, Vogue, Miu Miu, Tory Burch, and Donna Karan. Its prime competitor is the Safilo Group S.p.A. LUXOTTICA HELLAS SA 2011

2012

28.833.111

25.237.520

-12,47

6.760.882

4.456.761

-34,08

GROSS PROFIT (in euro)

11.565.323

9.192.422

-20,52

OWN EQUITY (in euro)

2.527.919

LIABILITIES (in euro)

Contact Details

TURNOVER (in euro)

3 Anthousas Ave, 153 51 Pallini,Greece Phone: +30-210-66-69300

PROFIT BEFORE TAXES (in euro)

CHANGE (%)

11.783.344

8.711.239

-26,07

DEBT BURDEN

82,34

77,51

-5,86

EQUITY YIELD

267,45

176,30

-34,08

Diamonds

201

DIAMONDS

DIAMONDS OF THE GREEK ECONOMY 2014

OF THE GREEK ECONOMY 2014 DISTINGUISHED COMPANIES

Vrettakos

202

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014

The leading retail chain

Contact Details 63 Agiou Dimitriou, 174 56 Alimos Tel.: +30 210 9893 400 Fax: +30 210 9851 291 E-mail: Carrefour_Greece@marinopoulos.com Website: www.carrefour.gr

Marinopoulos S.A. is the largest retail chain in Greece, contributing by almost 1% to the Greek GDP and employing more than 13.000 employees. The fully Greek-owned company holds 879 stores under the brands of Carrefour, Carrefour Marinopoulos, Carrefour Express, Smile market, OK anytime markets and Terra Market. Furthermore, Marinopoulos S.A. has successfully entered in the Southeastern European market. 59 hypermarkets and supermarkets are operating in Bulgaria (22), Albania (19), Cyprus (17) and FYROM (1). Shortly, Marinopoulos S.A. is going to enter in the Serbian market, too. All Marinopoulos S.A. stores are distributing top quality products under the most strict evaluation guidelines. Building a trustful relation with the consumers, Marinopoulos S.A. has managed to achieve rather competitive prices. The company has fully implemented the GRI-G4 CSR international rules, the UN’s Global Impact and EFQM. It has also been awarded by Transparency International – Greece. It holds the first position in WWF’s Environmental Management & Disclosure Retail Index. Marinopoulos S.A. strongly supports Greek producers. 96% of its PL products are Greek. In addition, the company has completed the “Greek Products Innovation Program”. Among its 349 participants, the 7 winners are selling their innovative products through the company’s wide chain. Considering the negative consequences of the Greek economic crisis, Marinopoulos S.A. implements a wide CSR program. Under the company’s umbrella, three Social Groceries in Athens, Piraeus and Salonica are providing goods to 1.200 families. The further establishment of the company’s position as the largest retail chain in Greece, the expansion to markets of Southeastern Europe, the maintenance of the strong connections with the consumers and the full implementation of the targeted CSR program are the basic topics of Marinopoulos S.A. policy. Marinopoulos S.A. has been dedicated to fulfilling the consumer’s needs since its foundation, 1962. The commitment to its principals for more than 50 years proves that the company is on the right track in order to expect an even brighter future.

Diamonds

203

DIAMONDS OF THE GREEK ECONOMY 2014

Aegean Marine Petroleum Network Inc

Presence in 21 markets all over the world

Dimitris Melissanidis

Contact Details 10, AKTI KONDILI 18545, PIRAEUS GREECE +30 210 4586 000 +30 210 4586 245 marinefuels@ampni.com marinelubs@ampni.com

204

Diamonds

Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines.    Currently, Aegean has a global presence in 21markets,including Vancouver, Montreal, Mexico, Jamaica, Trinidad and Tobago, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the United Arab Emirates, Singapore, Morocco, the Antwerp-Rotterdam-Amsterdam (ARA) region, Las Palmas, Tenerife, Panama, Hong Kong, Barcelona and Algeciras.    The Company has also entered into a strategic alliance to extend its global reach to China. Aegean is committed to building a global brand that is recognized for delivering quality, service and reliability in each location around the world. Financial data “We closed 2013 with great momentum and the fourth quarter marked our third consecutive full year of profitability,” said E. Nikolas Tavlarios, President of Aegean Marine Petroleum Network. “Despite persisting market headwinds, we executed on our strategy and once again demonstrated the strength of our business model and our ability to drive compelling returns in a challenging environment. By leveraging our flexible infrastructure, we successfully drove profitable top-line growth and opportunistically captured additional voyage and storage revenues. At the same time, we monetized non-core vessels, which will allow Aegean to further drive profitability by increasing our fleet utilization over time, reducing our capital expenditures and streamlining our expense run-rate.” “We have built a steady track record of growth and we believe that the continued execution on our core initiatives will enhance shareholder value,” said Mr. Tavlarios. “We continue to build significant and sustainable internal growth drivers, including our new Aegean U.S. East Coast business and our soon-to-be launched Fujairah storage facility, which we believe will allow Aegean to continue to succeed should market headwinds persist. For 2014, however, we are beginning to see indications that the macro environment will improve steadily throughout the year, and we believe Aegean is uniquely positioned to incrementally benefit from this strengthening market.” The Company achieved net income attributable to Aegean shareholders for the three months ended December 31, 2013 of $7.0 million, or $0.15 basic diluted earnings per share. Net income

DIAMONDS OF THE GREEK ECONOMY 2014 attributable to Aegean shareholders excluding a non-cash loss from the sale of non-core assets was $7.5 million or $0.16 basic and diluted earnings per share. For the three months ended December 31, 2012, the Company recorded net income attributable to Aegean shareholders of $3.3 million, or $0.07 basic and diluted earnings per share. Net income attributable to Aegean shareholders excluding a non-cash loss from the sale of a non core vessel was $5.1 million or 0.11 basic and diluted earnings per share. Total revenues for the three months ended December 31, 2013, decreased by 15.2% to $1,470.4 million compared with $1,734.7 million reported for the same period in 2012. For the three months ended December 31, 2013, sales of marine petroleum products decreased by 15.7% to $1,453.0 million compared with $1,724 million for the same period in 2012. Gross profit, which equals total revenue less directly attributable cost of revenue increased by 4.5% to $75.0 million in the fourth quarter of 2013 compared with $71.8 million in the same period in 2012. For the three months ended December 31, 2013, the volume of marine fuel sold by the Company decreased by 12.6% to 2,384,376 metric tons compared with 2,729,070 metric tons in the same period in 2012. Operating income for the fourth quarter of 2013 amounted to $14.5 million compared to $11.3 million for the same period in 2012. Operating expenses decreased by $0.1 million, or 0.2%, to $60.5 million for the three months ended December 31, 2013, compared with $60.6 million for the same period in 2012. Liquidity and Capital Resources Net cash provided by operating activities was $38.7 million for the three months ended December 31, 2013. Net income, as adjusted for non-cash items (as defined in Note 9) was $18.0 million for the period. Net cash used in investing activities was $151.3 million for the three months ended December 31, 2013, due to our new acquisition in U.S. East Coast and to the advances for other fixed assets under construction. Net cash provided by financing activities was $102.4 million for the three months ended December 31, 2013, primarily driven by our new facility to finance the purchase of the inventories in the U.S. East Coast. As of December 31, 2013, the Company had cash and cash equivalents of $62.6 million and working capital of $244.5 million. Non-cash working capital, or working capital excluding cash and debt, was $541.9 million. As of December 31, 2013, the Company had $615.0 million in available liquidity, which includes unrestricted cash and cash equivalents of $62.6 million and available undrawn amounts under the Company’s working capital facilities of $552.4 million, to finance working capital requirements. The weighted average basic and diluted shares outstanding for the three months ended December 31, 2013 were 45,685,472. The weighted average basic and diluted shares outstanding for the three months ended December 31, 2012 were 45,501,233. Spyros Gianniotis, Aegean’s Chief Financial Officer, stated, “Our focus on growing revenues and strategically leveraging our fixed infrastructure to drive profitability continues to yield strong results. During the quarter we built on our track record of solid financial performance and believe we are very well positioned for the year ahead. We have also continued to maintain our financial flexibility and with the recent establishment of our $150 million credit facility, we now have a total of approximately $1.3 billion in revolving bank borrowing capacity, which will allow us to support our key expansion initiatives such as Aegean Bunkering USA. Our strong financial position and dynamic business model distinguish Aegean from the competitive landscape and we look forward to building on our history of enhancing value for our shareholders.”

Diamonds

205

DIAMONDS OF THE GREEK ECONOMY 2014

Corinth Pipeworks

The energy industry’s trusted one-stop-shop supplier

Contact Details 33 Amarousiou - Halandriou Str., 151 25 Maroussi Tel.: +30 210 6787680, Fax: +30 210 6787520 Website: www.cpw.gr

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Corinth Pipeworks (Corinth Pipeworks SA) is the Steel Pipes arm of Viohalco Group Steel and Steel Pipes Sector. Listed on the Athens Exchange along with its parent company Sidenor S.A. Corinth Pipeworks began operating in 1969 and since then it has become a strong Group of companies active in the production of medium and large diameter steel pipes for the transportation of oil, gas and water, steel pipes for exploratory drilling, as well as in the production of hollow sections for use in the construction sector. Corinth Pipeworks’ pipes for gas and oil networks, both onshore and offshore, are manufactured in accordance with international standards and customer specifications. For even more effective anti - corrosive protection, smooth flow and abrasion resistance our pipes can be coated externally and internally. Over the years, Corinth Pipeworks has realised highly demanding projects in North America, Western Europe, North & West Africa, Middle East and Russia and has created a long and impressive reference list. The clientele of the Corinth Pipeworks Group includes, among others, the following companies: Chevron, BP, Shell, Greek Public Gas Corporation (DEPA), Hellenic Gas Transmission System Operator (DESFA), OMV, GRTGAZ, Snam, National Grid, RWE, Spectra Energy, Energy Transfer, Denbury, DCP Midtream, McJunkin, Spartan, EPCO, Spectra, Enbridge, Cheniere Energy, Talisman, STEG, Sonatrach, PDO, OGC, Aramco, Socar, ABB, EDF, TIGF, Saipem, Genesis, Allseas and Subsea 7 and others. The Group disposes of state-of-the-art facilities in the area of Thisvi in Viotia, Greece and a second production plant located in Polevskoy, Russia. The Thisvi Plant in Greece facilities occupy a total covered area of 90,000 m2, while the total size of the property owned by the Company in the area is 497,000 m2 (nearly 50 hectares). State-ofthe-art production equipment is used to manufacture ERW/HFI and SAWH pipes to the highest standards for the Oil and Gas Industry and hollow sections for the Construction Sector. The annual capacity of the plant reaches 925,000 tons. A new JSAW/JCOE mill is now being installed and is expected to be fully operational in the start of 2015. The new mill will allow Corinth Pipeworks to expand its activities to cover the increasing market needs for deep and ultra-deep offshore pipelines. By 2015 Corinth Pipeworks will be using all welding methods of pipe production (ERW/HFI, HSAW, LSAW) and will be able to offer to its customers a unique product range of high quality steel pipes. Combined with the in-house external and internal coating facilities and the weld-on connector facility, Corinth Pipeworks has been established as one-stop-shop supplier of the Energy Industry. Since 2002, a fully equipped port has been in operation within the Thisvi Industrial Area, about 2 km from CORINTH PIPEWORKS’ plant, guaranteeing competitive transportation costs and reduced delivery times for raw materials and dispatch times for final products. Port facilities include port cranes, forklifts and other cargo loading/discharge machinery, which meet the International Ship and Port Facility Security Code – ISPS code. The production plant in Polevskoy - Russia, began operating in 2007, within the framework of the ΖΑΟ ΤΜΚ-CPW joint venture. The ZAO TMK-CPW joint venture facilities are located in the town of Polevskoy (Seversky area) in the STW (Seversky Tube Works) plant, a subsidiary of TMK. The plant’s primary activity is to produce longitudinal seam high-frequency welded pipes of up to 21”, as well as hollow sections, in accordance with international quality standards. The plant’s total annual production capacity is 200,000 tons.

DIAMONDS OF THE GREEK ECONOMY 2014

Halcor

Offering innovative added-value solutions for more than 75 years

Contact Details 57ο Km National Road Athens-Lamia, 32011 Inofyta Viotia, Τel: +30 22620 48111, Fax: +30 22620 48911 www.halcor.gr

The Halcor Group represents the Copper & Cables sector of Viohalco. Halcor is a leading Group of companies that specializes in the production, processing and marketing of copper, copper alloys and zinc products. Listed on the Athens Exchange since 1997, it has a dynamic commercial presence in the European and global markets. For more than 75 years, Halcor has been offering innovative and added-value solutions that meet contemporary client demands in fields, such as plumbing, HVAC&R, architecture, automotive, naval construction, engineering, telecommunications and various industrial applications. Halcor is a Group of nineteen companies, in 9 countries, and 9 plants in Greece, Bulgaria and Romania clearly oriented to exports. During 2013, more than 90% of the consolidated turnover originated from sales outside Greece. The Group manufactures a wide range of products, including copper and brass tubes, copper and brass rolled and extruded products, zinc rolled products, cables, and titan-zinc alloys with Halcor being the sole producer of copper tubes in Greece. The subsidiary Hellenic Cables S.A., listed on the Athens Exchange, produces a wide variety of cables: power cables, aerial copper and aluminium conductors, copper and optical telecommunications cables, plastic and rubber compounds as well as enamelled wires, being the sole producer of such wires in Greece. Hellenic Cables S.A also produces and installs medium, high and extra-high voltage power cables as well as fibre-optic submarine cables. Over the years, Halcor Group has built a solid track record in developing innovative products that expand its market reach and further fortify its commercial presence. Some key product examples are the following: ● TALOS® ECUTHERMΤΜ: Coated copper tube with high quality insulation. ● CUSMART®: a patented flexible copper tube coated with a special PE compound. ● TALOS® GEOTHERM: Coated, PVC-insulated copper tube used in geothermal applications. ● TALOS® ACR INNER GROOVED copper tubes: high-technology tubes with inner grooves and minimum wall thickness of 0.25 mm. Halcor is one of the two European manufacturers that can deliver products on the basis of the MICRO GROOVE technology and produce INNER GROOVED copper tubes with a cross-section of 5 mm. ● TALOS® Plated copper tubes: combine excellent technical attributes with unique aesthetics. ● High and extra-high voltage submarine cables. ● Copper rolled products for various industrial applications. Investments In 2013, the Halcor Group carried out total investments of euro 57.7 million, of which euro 49.3 million related to the Hellenic Cables Group under the continuing investment program with the main objective of producing high voltage submarine cables. Following the successful rollout of the investment plan, Hellenic Cables is now one of the very few cable manufacturers worldwide able to produce high and extra-high voltage submarine cables. In total, euro 1.6 million was spent on upgrading the production facilities of the parent company and its subsidiary Oinofyta Fitco SA, focusing mainly on the tubes plant. Finally, euro 6.8 million related to the improvement of productivity, the production of added value products and the increase in capacity of its subsidiary Sofia Med SA in Bulgaria. Diamonds

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DIAMONDS OF THE GREEK ECONOMY 2014

Hellenic Cables

The largest cables manufacter in SE Europe

Contact Details Peireos 252, Tauros 177 78 Τel.: +30 210 4898 111, 210 4898 318-9 Fax: +30 210 4898 398, 210 4898 399 info@cablel.vionet.gr www.cablel.com; www.fulgor.com

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Hellenic Cables CABLEL Group is a subsidiary of Halcor S.A., listed on the Athens Exchange since 1994 as Hellenic Cables S.A. It represents the cables division of the Copper and Cables sector of Viohalco S.A. , the mother company of Halcor. Hellenic Cables Group is the largest cables manufacturer in SE Europe. It owns five production plants, four in Greece and one in Romania. Since its establishment, the Company aimed at incorporating cutting-edge technologies to manufacture competitive products destined to the international markets and thus has achieved a significant commercial presence in international markets. In 2013, 84% of the Company’s sales are generated in Europe (of which 13% in Greece), 7% in the USA, 6% in Asia and 3% in the rest of the world. The Group manufactures a wide range of products including power and telecommunications cables, power and fibre optic submarine cables, enamelled wires, copper wires and compounds. Hellenic Cables S.A. produces all types of power cables, aerial copper and aluminium conductors, copper and optical telecommunications cables, plastic and rubber compounds as well as enamelled wires, being the sole producer of such wires in Greece. All products are marketed under the registered trade mark ® CABLEL. Hellenic Cables has two main subsidiaries: 1. Fulgor S.A., which manufactures submarine cables and 8mm copper rods, and 2. Icme Ecab, a power and telecommunications cables’ manufacturer. Hellenic Cables offers turnkey solutions which include designing and producing cables according to the customer’s technical requirements and project needs, transportation and on-site installation of cables, execution of civil engineering works required for cable protection, control, initial operation and delivery of the system, training of the customer’s personnel in system operation and maintenance, maintenance and assistance services, and obviously the management of the entire project. During the last 18 years Hellenic Cables Group has successfully completed various projects in many European countries, which include the supply and installation of more than 450 km of high-voltage underground cables. Fulgor has installed since 1972, more than 880 km of energy submarine cables up to 33kV and also more than 2,200 km of fibre-optic submarine cables. The completion of the euro 55 million investment plan in Fulgor transforms the Hellenic Cables Group into one of the few cable manufacturers worldwide able to produce high voltage submarine cables. Additionally, the company manufactures composite submarine cables combining energy and fibre-optic cables. Fulgor has its own dock and premises in its plant in Corinth, which enable the direct loading of cables on cable-laying vessels. Moreover, Fulgor is in a position to undertake cable laying and protection services at the sea bottom and deliver submarine interconnections to end consumers in the form of turnkey projects as exhibited in 2012 with the connections of Thasos-Keramoti and Egina-Methana on behalf of Hellenic Distribution Network Operator S.A. (DEDDIE).

DIAMONDS OF THE GREEK ECONOMY 2014

Sidenor

78% of Sidenor’s revenue originated from outside Greece

Contact Details Αmarousioυ Chalandri 33 151 25, Μarousι, Athens Te.: +30 210-6787111 Fax: +30 210-6787740 www.sidenor.gr info@sidenor.vionet.gr

The Sidenor Group (Sidenor Steel Manufacturing Company S.A.) represents the Steel and Steel Pipes Sector of the Viohalco Group. Sidenor S.A. the parent company is listed on the Athens Exchange. Sidenor, is active in the manufacturing, processing and trading of steel products. The Group’s extensive product portfolio, which includes long and flat steel products, pipes, hollow structural sections and downstream products is manufactured across 10 facilities in Greece, Bulgaria, Russia and FYROM. After over 5 decades of success and growth, Sidenor Group is firmly established in the international markets it operates in and has built solid business relationships with a high profile, global clientele. The key pillars of the Group’s business excellence include its constant focus on innovation, its consistency in delivering top quality solutions, its high production performance and its highly efficient commercial ability. From buildings, road works, metro stations, bridges, shopping malls to hydroelectric dam projects, Sidenor Group and its subsidiaries cater for the complex needs of their international clients via a complete portfolio of added value products and solutions. The project locations span from Greece, Bulgaria and Cyprus to France, Croatia, Tunisia and the USA, making the Group a truly global supplier. In 2013, 78% of Sidenor revenue originated from outside Greece. Sidenor’s product and solutions portfolio includes among other: The SD Integrated Concrete Reinforcing System, Sidenor’s approach to addressing significant demand for high ductility steel that provides increased protection against earthquakes, it includes the SIDEFOR PLUS prefabricated stirrup cages. Sidenor is the sole producer of merchant bars in Greece. Hot-Rolled bars of various cross-sections, wire-rod, steel sheets and steel plates and last but not least steel pipes of medium and large diameter for pipelines and construction purposes, steel pipes of small diameter, hollow structural sections (HSS). Investments Given its international commercial orientation, the Sidenor Group has included in its strategic priorities the continuous upgrade of its industrial facilities, in order to reduce the operating cost, expand their production output, enhance productivity and generally improve the quality of its product portfolio. From 1998 to 2013, the total investment expenditures of Sidenor and its subsidiaries exceeded euro 780 million, while Sidenor Group’s investment expenditure for 2013 amounted to euro 28 million. Further to the decision of the Public Power Corporation S.A of Greece to reduce the electricity tariff for industries, Sidenor S.A. announced it will undertake a new investment totaling euro 10 million at its Thessaloniki plant in order to boost its competitiveness by reducing energy consumption while minimizing the plant’s direct carbon footprint. Diamonds

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DIAMONDS OF THE GREEK ECONOMY 2014

FITCO

Combining experience, strength and technology

Contact Details 53ο Km. National Road Athens - Lamia PO 320 11, Inofyta Viotias, Greece Τel: +30 22620 53158 Fax: +30 22620 53139 Website: www.fitco.gr

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FITCO is a leading company in the Greek copper alloy extrusion sector and has a significant international presence as it exports 80% of its production. Founded in 1978, it has a production plant situated at Oinofyta, covering a total of 14 acres, with an annual capacity of 40.000 tn. Using scrap brass as its raw material FITCO produces via hot or cold extrusion the following products: ● Solid and hollow brass bars ● Solid and hollow brass profiles ● Seamless brass tubes of various cross-sections ● Brass Wire ● Brass Fish Farm Cages FITCO is a wholly owned subsidiary of HALCOR S.A., an industrial company specializing in copper processing for over sixty years. FITCO benefits from HALCOR’s accumulated experience and deep rooted international bonds and worldwide presence. FITCO uses state –of-the-art technology and employs highly skilled personnel. The company is investing in research, development and innovative technologies, aiming to stay ahead of the competition in terms of productivity, product innovation and, last but not least, quality. It employs a Quality Management System in accordance with ISO 9001:2008 certification; its products conform to the main European and US quality standards (EN, DIN, BS, NF, ASTM). Committed to sustainable development and environmental protection, FITCO uses production processes that comply to an Environmental Management System in accordance with ISO 14001:2004 and OHSAS 18001:2007 certifications. Aiming at total customer satisfaction, the company focuses on responding reliably and rapidly to demand. It provides exceptional support for its products, which are distributed to more than fifty countries worldwide. With a skilled workforce of 75 people, FITCO achieved a turnover of 53.4 million euro in 2013, for a sales volume of 14,034 tn. 75% of its manufactured products were exported. It caters to 190 customers in Greece and 90 abroad. FITCO combines experience, strength and technology to achieve its overall vision of putting metals at man’s disposal.

DIAMONDS OF THE GREEK ECONOMY 2014

POWER HEALTH HELLAS

Premium quality and innovative Health Food Supplements

Evangelia Perganta

Contact Details

59 Deligianni, Metamorphosi, Athens, 14452 Tel: 210 2821500 Fax: 210 2851122 e-mail: power@ power-health.gr

Power Health Hellas SA is a leading and pioneering Greek company that has created, represented, imported, exported and distributed premium quality and innovative Health Food Supplements in the Greek and International markets since 1984. Its current portfolio is comprised of 70 employees, 25 sales representatives and over 100 products which are served directly to 5.000 pharmacies throughout Greece. Power Health is responsible for opening new doors and horizons in the Greek Pharmaceutical Industry and has been awarded numerous lucrative awards such as from the Committee of the European Business Awards (“National Representative and Finalist for 2011 and 2012”), the Global Trade Leaders Club (“International Business Excellence Award 2012”) and from Ernst & Young who awarded the President and founder of the company, Mrs Lili Perganta, the Self Made Entrepreneur Award in 2011 (the first Greek woman Entrepreneur ever to receive such an honor in Greece). The company enjoys increasing and leading market shares in various crucial segments such as Slimming, Echinacea, and Erectile Dysfunction. Amid the crisis, the company was awarded a high credit rating by ICAP and, consequently, was certified as one of the “STRONGEST COMPANIES IN GREECE” for both 2010 and 2011. This important acknowledgement verifies the firm’s creditworthiness and links it to the most powerful enterprises in Greece, ready to face the challenges of these times. In the context of promoting the company’s brand and product image in the best possible and consistent way, both locally and internationally, Power Health created an in-house creative office. This way, all marketing and communicational aspects of its campaigns are conceived and executed within the company. Packaging, promotional materials – such as folding boxes, carton displays, leaflets - TV spots, newspaper/magazine ads, radio scenarios, as well as promotional strategies and custom-made campaigns are all generated and pursued from the company’s headquarters. Power Health Hellas dynamically expands its exporting activities to global destinations. So far, its presence has been prominent, obtaining significant market shares in Cyprus and the Balkans, where its products have been accepted with enthusiasm by local niches and target audiences. Since its inception 3 decades ago, Power Health Hellas has been actively involved in Social Responsibility actions and campaigns such as Unicef, Medicines sans Frontieres, Smile of the Child and Pharmacists of the World. “Become the change you want to see in the world” is one of the company’s mottos, and it supports every single world of it with its actions dedicated to helping the least privileged. The company’s concepts and formulas are conceived and created in its own Research and Development Department –the only R&D department in the Greek Health Food Supplement market- for local and worldwide distribution and consumption. Highly specialized chemists and pharmacists are in the center of the product development process, creating top quality and innovative natural solutions targeted to the specific needs of each market segment. All formulas are developed with high standards and respect to the natural ingredients extracted and used, aiming at the delivery of safe, efficient and effective products to the end customer. Its product assortments are offered in a variety of options such as coated tablets in blisters or pots, effervescent tablets in tubes or sachets, chewable tablets in blisters, soft and hard gelatine capsules in blisters or pots, water soluble powders or mouth melt granules in stick packs or sachets. Apart from its own brands, Power Health Hellas also undertakes the development of 3rd party brands offering expertise, guidance, advice and support in all commercial stages. In 2012, the company posted sales of 12.5 million euro with its profit reaching 4 million euro. Diamonds

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DIAMONDS OF THE GREEK ECONOMY 2014

DEMO

Leading place in pharmaceutical sector

Pharmaceutical firm DEMO SA has been active in the medical sector since 1973. The firm offers a range of some 120 products and holds a leading place in the sector. It captured top place among Greek and multinational firms in terms of unit sales at Greek hospitals during the five-year period 2008 and 2012, top place in terms of total value of sales among Greek firms for the same period, as well as 82nd place in terms of international generic drug sales. As a means of achieving its objectives, the firm has invested more than 60 million euro over the past five years at its industrial facilities for increased productivity, automation of production procedures, and product control during the production process. DEMO was the first pharmaceutical firm to introduce robotic technology to the production process in Greece, as well as total control of production networks via computerized systems. Since 1997, when the firm constructed a production facility measuring 2,000 square meters in floor space, it has invested over 30 million euro for the development of its products. Meanwhile, the company is also pursuing research in new pharmaceuticals. In 1997, Demo became Greeceâ&#x20AC;&#x2122;s first producer of intravenous products contained in plastic ampoules. Company investments in this field increased its annual production capacity to 240 million ampoules, an amount that places the firm in third place among all European producers of such products. Also, in 1999, the firm launched an antibiotic product contained in a plastic sac, an internationally innovative move. The firm maintains a sales network in 50 countries, selling brand name products of its own, and has managed to capture a significant market share. It has continued to increase revenues through export activity and continual introduction of new products to new markets. In 2012, the firm posted a total turnover figure of 107 million euro, up 14.72% year-on-year. Its EBITDA figure reached 21.28 million euro in 2012, up by 25.18% year-on-year. Gross profit margin improved to 38.05% from 33.93%. Net pretax profit reached 6.21 million euro from 4.83 million euro in 2011. Total turnover for 2013 amounted to 105.3 million euro.

VrettakosDemos Dimitris

Contact Details 21 Km. National Road Athens-Lamia, 145 68 Krioneri Attica Î¤el: 210 8161802 Fax: 210 8161587 e-mail: info@demo.gr

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DIAMONDS OF THE GREEK ECONOMY 2014

GLP Values

A formula (recipe) for a competitive National business with International views

George Litsas

Contact Details Anagnostopoulou 23, Kolonaki Athens, 10673, Greece. Telephone: +30 211 0121 535 Fax: +30 211 0121 536 E-mail: info@glpv.gr

In a period where the values of Fixed Assets change (fluctuate) frequently and are influenced by many not systematic factors, the directors of a company have some important and difficult decisions to make. Beyond the compulsory periodic valuation of their asset - usually every two years - when applying for the International Financial Reporting Standards (IFRS) they should ideally perform their asset valuation exercise (plant & machinery, property etc) more frequently. It is important to have quick reflexes in order to get crucial decisions in the implementation of a strategic business plan (investments, sales, leasing, acquisitions, mergers, refinancing, negotiation of banking terms for loans etc). An important aspect of such a procedure is how to choose the right valuer/appraiser, who will not simply prepare the valuation study. The right individual or company should be in a position to minimum ascribe correctly the «real characteristics» of the current period, having in deep knowledge of the current market conditions, while at the same time to offer the maximum level of accountability, consistency, transparency, professionalism. Knowing there are certain procedures and ethical standards being followed reinforces security and confidence. The liberation of the valuations and appraisal profession in our country seems that has set the basis for improving the level of services being offered. Even so, the company which is searching for the right valuer (except for the local certifications provided by the Greek Ministry of Finance and the Registry of Certified Valuers) should also look for the highest level of certifications and regulations from the largest Global Independent Valuation Bodies i.e. RICS, TEGOVA, ASA. These certifications can be granted either to an individual valuer or to a company (legal entity). Although it might sound similar, there is a big difference between a company and an individual being certified. More specifically, having the status «Regulated by the Royal Institute of Chartered Surveyors» comes with a lot more responsibilities. It confirms that a company maintains a strict code of conduct and strives for the highest professional and ethical norms. When regulated companies are monitored by one of the world’s leading regulatory bodies it increases the level of security for the public, meaning that the company is obligated to react to any complaint and is adequately insured against damages arising from financial loss and/or professional dereliction of duty. In order for a company to qualify for RICS regulation at least 50% of its directors must be RICS members. It is obvious that all the above do not apply to individual valuers. With such an advancement in the valuations profession, all the companies who want to be competitive, internationalized and have a comprehensive strategy should use the valuation and appraisal services of an internationally recognized and regulated valuation firm. Not to forget that, except for the above mentioned, the valuer should emphasize in gathering information on the integrated risk management of any valuation study. Under this highly fluctuate environment, the valuer should search for new and ideal ways to measure the efficiency of an asset and not just stay on numbers, that the last years have proven to mean very little or nothing. In a world where people, governments, banks and commercial organizations demand greater transparency and precise application of professional standards and values, attaining the «Regulating by RICS» status- along with personal development and high motivation- is the key to success. Diamonds

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DIAMONDS OF THE GREEK ECONOMY 2014

Novartis (Hellas) SACI

Leading and dynamic company in the Greek pharmaceutical area

Filistor Destempasidis

Contact Details National Road Athinon-Lamias, 12ο Km. Metamorfosi Tel:210 28 11 712 Fax: 210 28 12 014 Website: http://www.novartis.gr/

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Novartis (Hellas) SACI, which belongs to Novartis Group AG, is a leading and dynamic company in the Greek pharmaceutical area, which bases its growth on innovative medicines that deliver to the Greek patients. The firm builds relationships of trust with patients, medical and academic community, media, Health Authorities, and all shareholders. The firms wants to discover, develop and successfully market innovative products to prevent and cure diseases, to ease suffering and to enhance the quality of life. The business activities of Novartis (Hellas) SACI, which employs more than 600 associates, are focused on the areas of prescription (branded) pharmaceuticals, vaccines, OTC, and generics, which provide the Greek market through a wide network of distributors and pharmaceutical warehouses. The firm produces annually more than 12 million pharmaceutical packages at the three factories of FAMAR in Attica. The firm collaborates closely and strategically supports Greek pharmaceutical companies. More than 600,000 Greeks patients use the firms medicines. The firm’s commitment to responsible and sustainable development rests on four key pillars: Patients The company’s strategy is patient-focused, in order to maximize the benefits they can be provided by: - innovative, safe and consistently high quality medicines - active support of Patients Advocacy Groups - more than 90 clinical studies conducted in Greece, investing more than € 4 billion Responsible business practices The firm adheres strictly to the established principles of conduct in all research activities and our business practices People and Communities The firm is an integral part of the communities where it operates. Its people are the driving force to the firm’s success. The firm creates a safe, healthy, open work environment that embraces diversity, and in which innovation, creativity and productivity are rewarded. Every year in spring, the firm commemorates Novartis’ anniversary date of its creation with the “Community Partnership Day” which provides an opportunity for associates to assist people who are in need. Environment The firms adopts a preventive approach, striving to make efficient use of natural resources and to minimize the environmental impact of our activities and products.

DIAMONDS OF THE GREEK ECONOMY 2014

GOLDAIR GROUP

Αmong the largest European groups of companies in the fields of tourism, airlines` representation, ground handling, cargo & logistics and renewable energy sources

Dem. Golemis Co. was founded in 1925 as a commercial business operating in Central and Eastern Europe. Anticipating the increasingly vital part that air transport would play globally, the company’s founder, Demetrios Golemis, signed the first agreement with LOT Polish Airlines in 1955 for the exclusive representation of foreign airlines in Greece. Since then, the development and expansion of its activities were continuous. In 1971, the company was renamed as Goldair. Today, an ever expanding range of services in the fields of tourism, airlines` representation, ground handling, cargo & logistics and renewable energy sources is offered, establishing Goldair among the largest European groups of companies in the aforementioned sectors. In Goldair Group always aims to improve their services. After more than 55 years of successful operation, the firm can satisfy any demand in the fields it operates in. Each day, the firm goes beyond geographical as well as personal boundaries, with one dream in mind: to get as far as possible. With an established and recognized presence in the European market, Goldair Group offers a continuously expanding range of services: • Representation of foreign airlines in Greece. • Organization of conventions, exhibitions, meetings and cultural events. • Incoming and outgoing tourism. • Aircraft chartering • Ground handling services for aircrafts, passengers and cargo. • Airport security services. • Cargo forwarding, warehousing, management and distribution (logistics). • Green environment technology

Kallinikos Kallinikos

Contact Details 1ο Km. Paianias Markopoulou Avenue PO: 126, Paiania, Attica 19002 Τel: +30 210 3274 610 Fax : +30 210 3239972 Website: http://www.goldair.gr

The group’s companies, in detail: • Goldair (Airlines Representation) • Goldair Handling • (Ground Handling Services, present in 26 airports within Greece) • L.G.S. Handling Cyprus (Ground Handling Services, present in Larnaca & Paphos airports in Cyprus) • Goldair Handling Bulgaria (Ground Handling Services, present in Sofia ,Burgas and Varna airports in Bulgaria) • Brink’s Aviation Security Services ( in 7 airports in Greece) • Goldair Cargo (Freight Forwarding & Logistics Services ) • Hellas Logistics (Freight Forwarding Services) • MedLog (Logistics Services) • Goldair Tourism (Corporate & Marine Travel Services, Incentives, Congresses, Events) • Goldeco (Renewable Energy Sources) Diamonds

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DIAMONDS OF THE GREEK ECONOMY 2014

BIOGRECO

When scientific knowledge met agricultural experience

The history of BIOGRECO began in 2001 when three young people chose to live with their families in Laconia, southern Greece. Stavros Argyropoulos and Babis Lyras, animal scientists, and Meletis Giannakos, a farmer, challenged themselves to place to place chicken meat in supermarkets’ shelves as it used to be: genuine, original full of taste, but also certified, safe and healthy. Combining scientific knowledge with agricultural experience, they managed to introduce for the first time to the Greek market, fresh certified organic chicken. Nowadays BIOGRECO is a prize-winning integrated Greek company. The collaboration of 4 family poultry farms, is leading to the production of about 150,000 organic chickens per year; this quantity corresponds approximately to 70% of organic chickens’ production in Greece. BIOGRECO has its own modern slaughter and packaging facilities, private distribution network and automated organic animal feed factory which is the biggest in Greece. The company is certified according to F.S.S.C. 22000:2011 and EU 834/2007 about organic farming. The production exclusively of organic chickens was the choice of BIOGRECO since its foundation and that because BIOGRECO believes that organic products are not simply a “trend of the market” but probably a unique proposition for sustainable agriculture in small-scale farms with respect to the environment and the sustainability.

Vrettakos Babis Lyras

Contact Details Kaminia 23054, Sparti Tel: +30 2731035667 Fax: +30 2731036667 www.biogreco.gr info@biogreco.gr

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DIAMONDS OF THE GREEK ECONOMY 2014

SKAG

The biggest production unit for stationery and filing products in Greece

SKAG, from 1956 through to the present day, has managed to establish itself, not only in the Greek market, but also in the international market place. This success is due to the vision and strategic moves made by its founder, Theodore Skagias, whereby he made a small family workshop evolve into the biggest production unit for paper stationery products and filing products in Greece. TH.C.SKAGIAS SA, with the brand SKAG, is based in Krioneri – Attikis, Athens, in privately owned property of 20.000 m2. Over the past few years, it has extended its distribution network in N. Greece building a modern, state of the art distribution centre for N. Greece in the Industrial Zone of Sindos (3.200m2) The company started business in 1956 under the brand of SUPER DIETHNES and followed a particularly successful route, which established it as the indisputable leader in the Greek market and a serious player in the international markets too, under the international brand of SKAG. TH.C.SKAGIAS SA has 3 major product categories under the umbrella brand of SKAG. ●

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SKAG – school products SKAG and PAPER – paper stationery for offices SKAG SYSTEMS – filing products

The 7 parameters of success of SKAG

Vrettakos Skagias Theodoros

Contact Details Κolokotroni 4-6, Krioneri, Attica 145 68 Athens, Greece Τel: 210 62 20 650 Fax: 210 81 61 380 email: sales@skag.gr

1. Continuous upgrading, improvement and extending of the SKAG range of products 2. Systematic communication (above the line advertising, press releases, events, sponsorships, PR etc) 3. Continuous upgrading of machinery. 4. Continuous development and improving of the pan Hellenic distribution network 5. Continuous development and education of employees, at all levels through the company. 6. Promoting the usage of safe materials by SKAG products, especially when they are targeted to Children. 7. Promoting the Ecological Conscience of SKAG, which the company has adapted for decades. Diamonds

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DIAMONDS OF THE GREEK ECONOMY 2014

ADELCO

Producing 4,500,000 of about 50 pharmaceutical products annually

ADELCO was established in 1934 for the manufacture of dyes and allied chemicals. In 1948, a large division was added for the manufacture of pharmaceuticals and later for toiletry cosmetics. In the 1970s, Adelco becomes one of the largest Greek pharmaceutical companies by creating superior quality pharmaceutical products like Stedon, Filicine, Minitran, Paroticin and Salopyrine, while simultaneously the same was happening to cosmetics with OM-OR, the first shampoo that established in Greece and the other cosmetic products of Adelco. A part of Adelco’s products, is exported to countries of Africa, Eastern Europe and to the Middle & Far East. In 1983, Mr. Evangelos Colocotronis takes over the administration of Adelco, owner of the company. The company produces annually approximately 4,500,000 of about 50 pharmaceutical products , branded generics and unique combinations in various pharmacotechnical forms, which cover a wide therapeutic spectrum and also 50 forms of toiletry cosmetics like Adelco kids (for the children), Intense Spa (for the women), Velvet hand & body and the Adelco Men’s Concept (for men). After 2013, the objective of the company, is to acquire new collaborations with Greek and foreign companies. It has already expand its sales in other sectors, such as food supplements, which are imported from Canada, natural cleaning products, which are imported from America and aims to manufacture Stevia with raw material that is imported from Paraguay. Finally, Adelco continuing the policy to social dividend, as did it’s founders all of the previous years, provides free medicines to the Principle of Church, Athens Medical Association, supports thoroughly the Pharmacy Community of Moschaton and grants significant monetary amounts to the blind children and to “SOS Children’s Villages”.

Evangelos Colocotronis

Contact Details 37, Pireos Str., 18346 Moschato Athens, Greece Tel: +30 210 4819311 Fax: +30 210 4816790 Website: http://www.adelco.gr

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DIAMONDS OF THE GREEK ECONOMY 2014

AGRO.VI.M.

ILIADA: Greek extra virgin olive oils with international distinctions.

Jenny Giftea

Contact Details Vasilissis Sofias 95 11521 Athens, Greece Tel: +30 2106423614 Fax: +30 2106423349 Website: www.agrovim.gr Email: infoagro@agrovim.gr

AGRO.VI.M. S.A has been providing the world with agricultural products of genuine origin and authentic taste for more than 3 decades and today is one of the largest olive oil exporting companies of Greece. Located in Kalamata, Greece, AGRO.VI.M., collects more than 30% of the olive production of Messinia and more than 50% of the PDO olive oil production of Kalamata, a region in Greece well known for its famous and multi awarded Koroneiki variety of olives, The company process, packages and exports extra virgin olive oils, table olives, figs and antipasti, all made from some of the finest raw materials that Greece has to offer today. Organic and Protected Designation of Origin (PDO) Kalamata product lines, amongst others designate the “genuine origin” which accompanies the authenticity of taste, a taste celebrated by thousands of loyal customers in 50 countries all around the world. Our well known brand ILIADA represents us for more than 3 decades in more than 50 countries globally. Internationally award winning olive oils and olives, and innovative ideas give a brand you can trust and follow as a customer. ILIADA PDO Kalamata premium extra virgin olive oil, of substantially low acidity, is produced from the exclusively Greek Koroneiki variety of olives. To guarantee its premium status and authenticity, ILIADA PDO Kalamata extra virgin olive oil is produced by a selected and certified group of local to the Kalamata region producers that take great care of every single detail. From the fields where our olive trees are cultivated to the thorough harvesting of the olives at just the right degree of ripeness and the optimal processing conditions, the entire production process guarantees the top quality of ILIADA premium extra virgin olive oils. With a number of international awards, such as Superior Taste Awards, Great Taste Awards, BIOL, Los Angeles Olive Oil, Olive Oil Japan, and the list goes on, this premium extra virgin olive oil is internationally acknowledged both for its fruity flavour and slightly bitter, grassy and slightly peppery aftertaste, and its visual differentiation and easy to use packaging. The organic version of the PDO Kalamata premium extra virgin olive oil that comes from handpicked Koroneiki variety olives of organically cultivated trees in the region of Kalamata, in the South Peloponnese and ILIADA new extra virgin olive oil condiments aromatized with seven different flavors – basil, orange, truffle, chocolate, vanilla, rose-oil, and chili- that have been awarded by the Great taste awards 2012 for their distinct and unique flavor, make up ILIADA’s silver product line of premium extra virgin olive oils. We encourage you to make them a part of your everyday diet as they will enhance your dishes as well as your health! Diamonds

219

DIAMONDS OF THE GREEK ECONOMY 2014

HIT

Taking responsibility for the future!

Giannis Mytilinaios

Contact Details Sigrou Avenue 164, 17671, Kalithea Athens Tel: +30 210-8847420 Fax: +30 210-8847418 Website: http://www.hit.com.gr/ Email: info@hit.com.gr

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HiT S.A. is the greatest Hospitality Integrator in the Hellenic Market, due to the company’s dedication in cutting-edge technologies, supporting over 85% of the installed base of the computerized Greek hotels and occupying a leading position with more than 1300 installations. Since 1999, HiT S.A. produces and markets computer software, imports and distributes hardware and supports integrated total solutions for each and every type of hotel unit or foodservice facility and all the related sectors. With headquarters located in Athens, a branch office in Cyprus and a dense network of partners spread all over the country, HiT S.A. has the infrastructure and capacity to meet the computerizing needs of the full range of tourism and dining businesses, providing clients with the flexibility to quickly adapt as their aims change and evolve. The project planning and certification, the integrated solution and the overall responsibility of full functionality are the basic terms of the Total Solution, earning deep trust and forming a personal relationship with every customer. HiT S.A. clientele lists most of the leading hotel and dining chains in Greece. The company pulled through the colossal project of computerizing the biggest moving Hotel worldwide, the Olympic Village, for Athens 2004 XXVIII Olympic Games and Paralympics. HiT S.A.’s PMS software Ermis 8â is the most popular hotel software of the domestic Market and its routines are widely being taught in Greek Touristic Business Schools. Today, HiT S.A. continues to progress and evolve in the IT sector of the tourism industry, assimilating all the new technological trends, such as Cloud Computing, SaaS, Mobility, Social Networking and Web Data Analysis. All of HiT S.A.’s new generation software is fully designed and developed by young, Greek analysts and developers so to provide solutions in direct accordance to the needs of the domestic Tourism Industry. HotelOnLine Web Suiteâ is a revolutionary PaaS [Platform as a Service] cloud total solution for hotels and hostels and fills the gap between heavy old-fashioned .exe and not-that-powerful tablet applications. MyHotelâ, Fast Check-Inâ, e-Menuâ and e-Conciergeâ Apps are multi-platform applications that project a digital full-fuctioning version of any hotel, providing hi-tech services and a great hospitality feel to every guest. e-HiTPOSâ Web Point of Sales introduces a web-based integration platform suitable for every type of mass-dining facility. HiT e-xelixis S.A. is the most recent project of the company, that aims now to enter the Data Analysis field. Despite the frequent adjustment a company’s target requires, the leading ideas behind every strategic decision are to remain firm over time. These constant values are the standard basis of an existing strategy, forming the business’ vision and define the position of the company. With predominant love for research and new technologies, HiT S.A. supports new-gen scientists and engineers and encourages the development of innovative ideas, often taking the risk of funding them. Throughout the long history of the company in the field of Information Technology and Hospitality, the main objective remains the originality and authenticity of the solutions offered, in order to increase the competitiveness of the Greek Tourism Market and the development of new technologies in our country, with creativity and integrity.

DIAMONDS OF THE GREEK ECONOMY 2014

RADISSON BLU PARK HOTEL ATHENS

RADISSON BLU PARK HOTEL ATHENS FROM 1/1/2012 AND WITH NEW NAME THE PARK HOTEL WELCOMED THE UPPER SCALE WORLD’S LARGEST HOTEL CHAINS The Carlson Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announced the Radisson Blu Hotel, Athens: The existing Athens Park Hotel will has been rebranded as Radisson Blu Park Hotel Athens on December 16, 2011. The property featuring 152 rooms is Rezidor’s very first hotel in Greece – the company is now present in Europe, Middle East and Africa. “Despite the recent crisis and still challenging times in Greece, hotels in the capital city Athens perform well. We are glad to arrive in Athens and to further strengthen our development in South East Europe”, said the President & CEO of Rezidor. Radisson Blu Park Hotel was fully renovated in 2009/2010, including most guestrooms and all public areas. Today, the property comprises 152 guest rooms, Gallo Nero restaurant, The Oak Room bar, St’Astra rooftop restaurant, and three conference rooms. It also features a rooftop swimming pool with stunning views across Athens and its famous Acropolis. The location of the hotel is in the northern part of the city centre, on Alexandras Avenue, which is one of the city’s main avenues and offers excellent access to the airport and surrounding area. The hotel is situated opposite “Pedion Areos”, the Athens largest park, and next to the National Archaeological Museum. The immediate neighborhood was redeveloped for the 2004 Olympics and is home to many offices and embassies. Athens’ old centre, the Acropolis, numerous museums and Kolonaki Square are all within walking distance.

Mary Deverikou

Contact Details Radisson Blu Park Hotel Alexandras Avenue 10, 10682 Athens, Greece Tel.: +30 210 8894500, Fax: +30 210 8238420 info@rbathenspark.com www.rbathenspark.com

The owner’s statement Park Hotel is a leading deluxe hotel in Athens, operating for the last 37 years. The hotel has been through a major renovation during 2010 and is inspired by an urban nature concept with modern and innovative design throughout its premises. By joining the Radisson Blu family we look forward to a fruitful cooperation and future business development worldwide. Vassilis & Mary Deverikos Carlson Rezidor Hotel Group The Carlson Rezidor Hotel Group is one of the world’s largest and most dynamic hotel companies. It has a fantastic portfolio of more than 1,340 hotels in operation and under development, a global footprint covering over 105 countries and territories and a powerful set of global brands: Quorvus Collection, Radisson Blu, Radisson, Radisson Red, Park Plaza, Park Inn by Radisson and Country Inns & Suites By Carlson. Diamonds

221

DIAMONDS OF THE GREEK ECONOMY 2014

TAXIPLON

One Click Away

Matina Kafkarisiou

Contact Details Omorfoklisias 8, Ν. Ιonia Tel: 2102719555 E-mail: mat-taxi@otenet.gr Website: http://www.bookingtaxi.gr

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MK Transfer Club is a Greek based company, specializing in the transportation industry, since 2003. MK Transfer Club has the copyrights of Taxiplon Mobile Application for Greece and Cyprus since February 2012. Our Transport Services focus on employees, corporate executives, business partners, visitors, travel agents, participants’ of conferences and exhibitions as well as, on everyday taxi users. We guarantee safe and comfortable transportation by professional drivers 24 hours a day – 7 days a week. (24/7) Our Company offers taxi services, minivans and limo services, based in Athens, whereas, it has partners all over the country. Our customers’ base is consistently growing. We are open to new partnerships that will strength our presence and market share while maintaining the philosophy of our business and a high level of services Taxiplon is the innovator in bringing closer passengers and taxi drivers. Everyday passengers do not need to struggle in order to find a taxi on the street. Once they download the “Taxiplon Passenger Application” on a Smartphone, they can call a taxi and watch on real time its arrival. Taxiplon Drivers’ are selected by the following criteria: vehicle condition, professionalism, fluency on foreign languages. By using the Taxiplon mobile application, the customer knows in advance the type of vehicle, the arrival time, the name of the driver, if the taxi is supplied with WiFi, whether it accepts credit card – all that info NO extra charge! You can call Taxiplon in 3 different ways: By calling 18222 using a land phone anywhere in Greece. Outside Greece you can call Our Customer Service at +30 210 27 19 555 in order to make a reservation. By downloading Taxiplon Passenger Application for free on your iphone or android. By clicking a single button, you can monitor the taxi nearer to you, while it approaches in order to pick you up. Online at http://taxiplon.gr/webook which serves best a company, an individual who needs more than one taxi simultaneously; or to schedule a future transfer. Outside Greece you can call Our Customer Service at +30 210 27 19 555 to make a reservation. The use of all of the above services is free of charge. You only pay the standard taxi fare your destination, as set by the Greek Ministry of Commerce.

DIAMONDS OF THE GREEK ECONOMY 2014

Zoinos Winery

Zitsa Winery: a pioneering winery

At the heart of Zitsaâ&#x20AC;&#x2122;s region, 25 km south of Ioannina, Zitsa Winery was created in 1974 as the first winery of the region of Zitsa. Some of the most important cultivators of Debina discovered its vinification possibilities. They chose the slopes of Zitsa, Metsovo and Zagori to invest their efforts and they hired Mr. Vaimakis Vasilis one of the most important wine Makers of Greece to sign their wines. In 1972 Zitsa is one of the first regions in Greece that got the V.Q.P.R.D. title. On the hill of Zitsa, the new winery was built in different levels in order to use as less as possible the mechanic equipment during the procedure. The result gave delicate white wines, steel and sparkling with distinctive aromas and a fresh aftertaste. In 2006, Zinos formed its latest form, a dynamic and prestigious enterprise with very high norms and prospects, following ISO and HACCP standards along the whole process of vinification. Throughout this new era and with a new promising winemaker, Eleni Sintou the enterprise started new plantations of Debina, Vlahiko and Bekari on the slopes of Zitsa and introduced three new wines in the market: Aurelia, Inodos and Seirios. Today Zinos is a pilot winery in a P.D.O region, with a total cultivated area of 1700 acres. Debina, Vlahiko and Bekari along with Cabernet Sauvignon, Merlot, Traminner and Chardonnay form the new image of Zinos Winery: elegant wines with delicate aromas and characteristic, fresh aftertaste. P.D.O White Wines: White Z, Epiloges and Zitsa Semi Sparkling. P.G.I White Wine of Epirus: Klima Ipeirotikon. P.G.I Red Wine of Epirus: Arktouros. P.G.I. Rose Wines of Epirus: Seirios and Aurelia. Varietal White Wine: Oreines Diadromes. Table Red Wine: Red Z.

Contact Details Xarilaou Trikoupi 38, Ioannina PO Box 45333 Î¤el.: +30 2651070961-5 Fax: +302651073471 Website: http://www.zitsawine.gr/

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223

DIAMONDS OF THE GREEK ECONOMY 2014

IONIKI

Leader in frozen dough, pastry products

IONIKI, for 23 years now, is one of the most important vertically organized production units of frozen dough and pastry products in Greece, holding a leading position at Ho.Re.Ca as well as Retail and Private label segments. Furthermore, Ioniki’s products are present through established distributors in super markets and food service customers in Europe, Australia, USA, Canada. Ioniki continually develops abroad by transforming export sales to long term win-win collaborations in countries of Northern Europe and Middle East. Quality. Innovation. People. These are the three main values behind Ioniki’s success and solid financial position. Even from the very beginning, when Ioniki was just a small family business, it’s team was in a continuous quest for new ideas, establishing the fundamental basis for Ioniki’s evolution. Company’s strategy is to continually update the product range and to identify on time the needs and desires of the final consumer- customer. The production of innovating products that follows the latest trends by our specially trained R&D Department is one of our primary goals. Company’s purpose is to ensure the quality of its products, as well as to unceasingly update our services aiming at an excellent customer service in Greece and abroad. All of the Company’s procedures are certified according to: ISO 22000:2005, IFS (Higher Level). IONIKI never ceases to invest in equipment and technology with primary objective building consumer’s trust. We are committed to the value of placing people first, from our staff to our clients and consumers

Contact Details 1st km Neochorouda Oraiokastro rd Thessaloniki - Greece Tel. +30 2310 788371 Fax. +30 2310 778225 Website: www.ioniki.com Email: info@ioniki.com

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DIAMONDS OF THE GREEK ECONOMY 2014

ATTICA BANK

Prevailing amid adverse cconditions Attica Bank has proved a rather resilient and financially sound organization maintaining its autonomy and unique identity within the changing Greek banking sector Attica Bank S.A. established in 1925, is a financial organization, operating today through a network of 72 branches, covering all major Greek cities. The Bank offers a wide range of banking and investment products and services to individuals and businesses: Businesses

Retail Banking

Services

Deposit Accounts (Sight, Term, Foreign Currency)

Deposit Accounts (Savings, Current, Term, Repos, Foreign Currency)

Standing orders

Loans (Working Capital, Long-Term Loans)

Loans (Housing Loans, Consumer Loans, Open Loans)

Capital transfers Imports/ Exports (Handling of documents, Letters of Credit) E-banking

Corporate Bonds

Documentary Credit

Credit and Debit Cards (Visa, Attica Debit Me, Attica Prepaid Card Visa)

Leasing, Factoring

Investment Products (Mutual Funds, Guaranteed Capital products)

Bancassurance Venture Capital EU-sponsored projects

Contact Details 23 Omirou Str. 10672 Athens, Greece tel.: +30 210 366 9000 web site: www.atticabank.gr e-mail: info@atticabank.gr

Payroll- Pension payment services Bancassurance

Attica Bank’s main shareholder is the Pension Fund of the Engineers and Public Works Contractors (TSMEDE) with 50.88%1 of common shares. Despite the adverse conditions prevailing in the economic and banking environment over the last six years, Attica Bank has proved a rather resilient and financially sound organization maintaining its autonomy and unique identity within the changing Greek banking sector. Attica Bank was the only bank listed on the Athens Exchange to complete in 2013 its recapitalization with own means and without the direct participation of the Hellenic Financial Stability Fund in its share capital Despite its relatively small market share Attica Bank has always contributed the competitiveness and growth of the domestic banking sector. Implementing its policies and strategic choices, Attica Bank has been a dynamic actor in the Greek economy and a factor of stability in the Greek banking landscape. Being committed to adding value both to its shareholders and customers, the Bank has up to now managed to address effectively all the challenges resulting from the conditions prevailing in the domestic economy, and support entrepreneurship. Given the difficult economic conditions of the time, Attica Bank has strongly actualized its endeavour to provide support to the Greek economy. In the foreseeable future, the Bank aims to shift its strategic focus to a growth that will be based on extroversion paired with further operational restructuring and market penetration, in order to be able to strengthen its presence in the banking sector. Diamonds

225

DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES a\a

ENTERPRISE

TYPE

SECTOR

TURNOVER 2011 (€)

TURNOVER 2012 (€)

TURNOVER CHANGE (%)

NET PROFITS 2011 (€)

NET PROFITS 2012 (€)

NET PROFITS CHANGE (%)

GROSS PROFIT 2011 (€)

HELLENIC PETROLEUM SA

Industry

PETROLEUM PRODUCTS

8.592.359.000

9.900.533.000

15,22

156.792.000

133.464.000

-14,88

368.952.000

ALFA BETA VASSILOPOULOS SA

Commerce

SUPERMARKETS

1.537.544.000

1.621.913.000

5,49

41.020.000

44.261.000

7,90

336.646.000

SKLAVENITIS Ι. & S. SA

Commerce

SUPERMARKETS

1.260.864.000

1.230.031.000

-2,45

19.306.000

14.547.000

-24,65

308.376.000

MASSOUTIS DIAMANTIS SUPERMARKET SA

Commerce

SUPERMARKETS

702.183.000

734.350.000

4,58

16.594.000

15.394.000

-7,23

157.125.000

METRO SA

Commerce

SUPERMARKETS

681.910.845

699.422.666

2,57

17.699.824

19.251.166

8,76

137.124.680

ΕΤΕΚΑ SA

Commerce

PETROLEUM PRODUCTS

727.992.227

699.097.381

-3,97

593.323

400.900

-32,43

19.769.068

ELVAL HELLENIC ALUMINIUM INDUSTRY SA

Industry

METAL PRODUCTS

687.226.102

697.173.332

1,45

20.712.217

16.154.169

-22,01

37.390.913

KARELIA TOBACCO SA

Industry

CIGARETTES

451.724.000

459.057.000

1,62

47.469.000

56.951.000

19,98

58.667.000

JUMBO SA

Commerce

MISCELLANEOUS

461.845.569

454.276.468

-1,64

102.066.425

96.956.097

-5,01

226.986.447

PENTE SA

Commerce

SUPERMARKETS

432.851.982

442.041.199

2,12

9.155.851

12.394.532

35,37

97.603.575

NESTLE ΕΛΛΑΣ ΑΕ (ΔΛΠ)

Industry

FOOD PRODUCTS

424.987.980

434.489.267

2,24

31.534.874

26.712.460

-15,29

230.187.011

MOBILE TELECOMMUNICATIONS CENTER SA

Commerce

MOBILE COMMUNICATION

320.332.702

335.291.650

4,67

847.625

981.274

15,77

2.724.452

PLAISIO COMPUTERS SA

Commerce

OFFICE MACHINES

308.020.000

281.989.000

-8,45

8.802.000

12.758.000

44,94

68.736.000

SOYA HELLAS SA

Industry

FOOD PRODUCTS

288.631.613

263.699.195

-8,64

12.709.985

10.111.872

-20,44

23.000.227

BOEHRINGER INGELHEIM HELLAS

Industry

PHARMACEUTICALS - DETERGENTS

215.710.390

244.404.586

13,30

10.729.293

12.961.131

20,80

63.267.115

MOUCHALIS SA

Commerce

MISCELLANEOUS

207.978.582

220.454.977

6,00

1.234.621

1.188.621

-3,73

5.994.737

GLAXOSMITHKLINE

Commerce

PHARMACEUTICALS - COSMETICS

224.151.059

208.547.775

-6,96

15.677.818

31.756.126

102,55

90.072.748

SOYA MILLS SA

Industry

FOOD PRODUCTS

211.598.883

207.798.828

-1,80

3.031.115

3.479.073

14,78

12.487.300

SEKAVIN

Commerce

PETROLEUM PRODUCTS

166.529.170

194.044.942

16,52

2.079.308

3.756.476

80,66

5.865.114

PEIFASYN PHARMACEUTICAL COOP. OF PIRAEUS L.LC.

Commerce

PHARMACEUTICALS - COSMETICS

170.177.258

186.904.387

9,83

2.501.991

2.251.425

-10,01

8.769.717

GENESIS PHARMA SA

Commerce

PHARMACEUTICALS - COSMETICS

207.439.159

182.274.448

-12,13

-89.322.352

74.358.929

0,00

75.729.198

ZARA HELLAS

Commerce

CLOTHING - FOOTWEAR

195.962.053

180.682.457

-7,80

-6.018.813

1.498.403

0,00

94.147.753

SEKA BUNKERING STATIONS SA

Commerce

PETROLEUM PRODUCTS

192.424.056

180.102.422

-6,40

6.150.940

4.977.812

-19,07

9.385.845

DIMITRIAKI SA

Commerce

FOOD TRADING

159.641.949

168.681.042

5,66

1.807.580

1.826.583

1,05

11.497.810

SYMETAL SA

Industry

METAL PRODUCTS

161.906.310

164.706.628

1,73

2.738.706

5.030.029

83,66

10.247.488

MARKET IN SA

Commerce

SUPERMARKETS

146.660.715

158.600.039

8,14

1.257.229

1.144.396

-8,97

40.634.836

CHIQUITA HELLAS SA

Commerce

FOOD TRADING

123.635.903

157.650.910

27,51

1.860.551

3.117.783

67,57

4.521.432

BIC VIOLEX SA

Industry

MISCELLANEOUS

147.289.790

151.503.100

2,86

20.439.898

20.212.423

-1,11

44.195.232

PHARMATHEN SA

Industry

PHARMACEUTICALS - DETERGENTS

108.479.936

149.321.132

37,65

7.183.493

10.500.225

46,17

48.474.026

COOPERATIVE PHARMACEUTICALS SA "SYN.FA"

Commerce

PHARMACEUTICALS - COSMETICS

162.382.261

146.041.928

-10,06

2.504.133

2.916.630

16,47

8.165.580

INTRALOT SA

Commerce

INFORMATION TECHNOLOGIES

131.718.000

139.599.000

5,98

6.120.000

6.202.000

1,34

39.841.000

CHALKIADAKIS SA

Commerce

SUPERMARKETS

128.031.402

130.906.218

2,25

1.698.115

2.169.565

27,76

32.760.047

VOUDOURIS - KONSTAS SA

Commerce

FOOD TRADING

130.942.094

127.260.462

-2,81

3.322.735

5.454.166

64,15

20.039.939

W.S. KAROULIAS SA

Commerce

BEVERAGE TRADING

123.221.708

114.954.650

-6,71

205.589

554.000

169,47

18.166.379

PAPADOPOULOS Ε.Ι. SA

Industry

FOOD PRODUCTS

118.494.009

121.009.432

2,12

12.301.846

12.527.032

1,83

59.595.793

FAMAR

Industry

PHARMACEUTICALS - DETERGENTS

123.915.454

120.931.814

-2,41

2.769.266

9.333.618

237,04

42.492.262

KALLAS PAPADOPOULOS SA

Commerce

FOOD TRADING

114.499.650

120.349.351

5,11

3.410.076

4.748.174

39,24

10.971.362

L' OREAL HELLAS

Commerce

COSMETICS

127.896.260

118.947.135

-7,00

11.444.292

7.671.854

-32,96

99.336.701

CORAL GAS

Industry

GAS

94.125.000

117.328.000

24,65

2.910.000

2.259.000

-22,37

15.421.000

ELPEN PHARMACEUTICAL INDUSTRY SA

Industry

PHARMACEUTICALS - DETERGENTS

113.215.533

115.332.649

1,87

5.489.373

4.272.774

-22,16

48.962.376

BAZAAR

Commerce

SUPERMARKETS

108.864.607

113.675.078

4,42

734.617

504.207

-31,36

22.871.582

PLASTIKA KRITIS SA

Industry

PLASTICS - ELASTICS

106.047.000

113.042.000

6,60

11.706.000

12.267.000

4,79

22.227.000

FLORIDIS

Commerce

FOOD TRADING

115.495.388

108.446.775

-6,10

1.509.758

1.322.566

-12,40

22.264.787

OPTIMA SA

Commerce

FOOD TRADING

110.166.593

107.764.626

-2,18

4.550.806

5.458.890

19,95

18.295.498

KRITIKOS ANEDIK SA

Commerce

SUPERMARKETS

96.375.229

101.617.823

5,44

546.023

620.321

13,61

20.687.340

ADIDAS HELLAS SA

Commerce

CLOTHING - FOOTWEAR

95.300.379

99.899.124

4,83

-10.212.312

4.151.209

26.914.331

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DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES GROSS PROFITS 2012 (€)

GROSS PROFIT CHANGE (%)

OWN CAPITAL 2011 (€)

OWN CAPITAL 2012 (€)

OWN EQUITY CHANGE (%)

DEBT 2011 (€)

DEBT 2012 (€)

DEBT CHANGE (%)

DEBT BURDEN 2011 (€)

DEBT BURDEN 2012 (€)

DEBT BURDEN CHANGE (%)

EQUITY YIELD 2011 (%)

EQUITY YIELD 2012 (%)

EQUITY YIELD CHANGE (%)

294.316.000

-20,23

1.916.825.000

1.907.222.000

-0,50

3.664.572.000

3.947.979.000

7,73

65,66

67,43

2,70

8,18

7,00

-14,45

360.730.000

7,15

211.810.000

358.589.000

69,30

579.505.000

504.023.000

-13,03

73,23

58,43

-20,21

19,37

12,34

-36,27

305.398.000

-0,97

124.612.000

133.818.000

7,39

640.276.000

613.233.000

-4,22

83,71

82,09

-1,94

15,49

10,87

-29,83

162.713.000

3,56

85.801.000

97.547.000

13,69

436.612.000

430.345.000

-1,44

83,58

81,52

-2,46

19,34

15,78

-18,40

145.528.389

6,13

108.684.737

133.466.941

22,80

196.348.117

188.745.428

-3,87

64,37

58,58

-9,00

16,29

14,42

-11,43

17.083.957

-13,58

6.351.088

6.573.621

3,50

78.497.533

66.777.247

-14,93

92,51

91,04

-1,60

9,34

6,10

-34,72

30.068.799

-19,58

499.904.292

516.054.802

3,23

265.603.480

241.008.039

-9,26

34,70

31,83

-8,25

4,14

3,13

-24,45

75.718.000

29,06

238.171.000

262.635.000

10,27

105.225.000

57.403.000

-45,45

30,64

17,94

-41,47

19,93

21,68

8,80

223.727.308

-1,44

438.531.040

488.229.473

11,33

262.922.708

255.073.971

-2,99

37,48

34,32

-8,45

23,27

19,86

-14,68

103.293.290

5,83

108.196.004

118.045.420

9,10

112.036.537

111.341.344

-0,62

50,87

48,54

-4,59

8,46

10,50

24,08

239.935.113

4,23

-14.896.015

53.237.483

0,00

388.740.112

301.718.521

-22,39

103,98

85,00

-18,26

-211,70

50,18

0,00

3.578.053

31,33

4.226.510

4.972.774

17,66

16.777.972

13.671.132

-18,52

79,88

73,33

-8,20

20,05

19,73

-1,61

62.812.000

-8,62

59.026.000

67.243.000

13,92

75.111.000

67.715.000

-9,85

56,00

50,17

-10,40

14,91

18,97

27,23

21.836.150

-5,06

45.723.105

52.863.034

15,62

85.918.872

84.716.644

-1,40

65,27

61,58

-5,65

27,80

19,13

-31,19

58.309.060

-7,84

29.551.907

33.700.791

14,04

101.144.071

122.747.419

21,36

77,39

78,46

1,38

36,31

38,46

5,93

6.153.597

2,65

7.040.950

7.965.648

13,13

15.833.836

14.546.689

-8,13

69,22

64,62

-6,65

17,53

14,92

-14,90

91.499.323

1,58

101.081.275

107.102.673

5,96

45.562.248

40.207.828

-11,75

31,07

27,29

-12,15

15,51

29,65

91,17

12.236.548

-2,01

38.023.963

40.912.457

7,60

76.669.054

55.092.519

-28,14

66,85

7,97

8,50

6,64

7.252.209

23,65

13.780.686

17.594.492

27,68

20.159.195

19.377.882

-3,88

59,40

52,41

-11,76

15,09

21,35

41,50

8.889.566

1,37

14.384.856

16.267.997

13,09

47.818.415

42.955.307

-10,17

76,87

72,53

-5,65

17,39

13,84

-20,43

71.283.804

-5,87

-44.887.471

14.161.542

0,00

340.778.615

263.519.384

-22,67

115,17

94,90

-17,60

198,99

525,08

163,87

88.767.906

-5,71

74.008.254

40.059.653

-45,87

34.395.127

55.903.237

62,53

31,73

58,26

83,60

-8,13

3,74

0,00

8.645.861

-7,88

11.533.113

14.537.429

26,05

20.208.289

17.228.614

-14,74

63,67

54,24

-14,81

53,33

34,24

-35,80

10.323.649

-10,21

7.325.994

7.851.441

7,17

42.096.200

44.314.492

5,27

85,18

84,95

-0,27

24,67

23,26

-5,71

10.229.035

-0,18

71.168.508

75.144.730

5,59

52.439.784

50.094.010

-4,47

42,42

40,00

-5,72

3,85

6,69

73,95

42.719.645

5,13

3.294.439

3.909.261

18,66

59.054.735

66.897.716

13,28

94,72

94,48

-0,25

38,16

29,27

-23,29

4.013.716

-11,23

658.616

431.777

-34,44

14.908.120

9.089.151

-39,03

95,77

95,46

-0,32

282,49

722,08

155,61

49.047.597

10,98

107.069.850

123.777.141

15,60

51.138.762

29.546.061

-42,22

32,32

19,27

-40,38

19,09

16,33

-14,46

51.330.307

5,89

71.694.625

89.015.971

24,16

90.382.713

83.065.489

-8,10

55,77

48,27

-13,44

10,02

11,80

17,73

7.708.663

-5,60

9.212.647

10.579.133

14,83

42.048.257

27.513.374

-34,57

82,03

72,23

-11,95

27,18

27,57

1,43

51.363.000

28,92

118.563.000

121.272.000

2,28

356.508.000

344.424.000

-3,39

75,04

5,16

6,20

20,15

33.636.713

2,68

8.743.340

9.259.238

5,90

48.862.447

46.569.426

-4,69

84,82

19,42

23,43

20,65

17.566.384

-12,34

19.023.710

24.393.055

28,22

29.428.259

23.465.172

-20,26

60,74

49,03

-19,27

17,47

22,36

28,02

17.843.979

-1,77

11.040.022

11.286.472

2,20

40.521.888

36.773.605

-9,25

78,59

0,00

1,86

4,91

163,97

59.440.668

-0,26

76.733.888

81.045.973

5,62

84.956.210

83.614.660

-1,58

52,54

50,78

-3,35

16,03

15,46

-3,59

45.777.551

7,73

33.423.296

37.776.505

13,02

71.191.693

78.932.524

10,87

68,05

67,63

-0,62

8,29

24,71

198,20

13.029.302

18,76

17.710.102

22.402.490

26,50

56.271.457

39.064.657

-30,58

76,06

63,55

-16,44

19,25

21,19

10,07

91.425.392

-7,96

8.380.883

11.738.262

40,06

44.484.087

32.446.613

-27,06

84,15

73,43

-12,73

136,55

65,36

-52,14

15.898.000

3,09

18.868.000

20.428.000

8,27

17.677.000

19.240.000

8,84

48,37

48,50

0,27

15,42

11,06

-28,30

54.318.714

10,94

40.664.303

40.052.196

-1,51

87.823.172

97.815.712

11,38

68,35

70,95

3,80

13,50

10,67

-20,97

23.817.087

4,13

1.817.076

2.097.349

15,42

43.272.846

38.433.555

-11,18

95,97

94,83

-1,19

40,43

24,04

-40,54

23.904.000

7,54

108.474.000

117.344.000

8,18

35.883.000

21.606.000

-39,79

24,86

15,55

-37,44

10,79

10,45

-3,13

19.723.594

-11,41

26.231.424

28.019.004

6,81

49.317.382

42.003.539

-14,83

65,28

59,99

-8,11

5,76

4,72

-17,99

18.659.087

1,99

20.576.227

25.312.986

23,02

22.595.019

15.546.453

-31,20

52,34

38,05

-27,30

22,12

21,57

-2,49

23.363.638

12,94

6.316.604

9.022.106

42,83

54.961.078

44.977.752

-18,16

89,69

8,64

6,87

-20,49

30.167.849

12,09

895.069

5.046.278

463,79

95.916.149

4.915.589

-94,88

99,08

49,34

-50,20

-1.140,95

82,26

_ Πηγή: STAT BANK

Diamonds

227

DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES a\a

ENTERPRISE

TYPE

SECTOR

TURNOVER 2011 (€)

TURNOVER 2012 (€)

TURNOVER CHANGE (%)

NET PROFITS 2011 (€)

NET PROFITS 2012 (€)

NET PROFITS CHANGE (%)

GROSS PROFIT 2011 (€)

ION S.A. COCOA & CHOCOLATE MANUFACTURERS

Industry

FOOD PRODUCTS

101.195.897

97.731.615

-3,42

1.475.413

1.233.510

-16,40

34.793.482

YARA HELLAS SA

Commerce

IMAS CONVEYOR BELTS

Industry

CHEMICALS

72.371.398

97.295.945

34,44

3.802.126

4.221.258

11,02

8.010.046

PLASTICS - ELASTICS

83.291.591

89.463.125

7,41

10.597.743

14.530.669

37,11

16.704.565

MYTHOS BREWERY

Industry

BEVERAGES

84.980.888

84.751.092

-0,27

4.406.372

3.216.625

-27,00

42.574.445

MEGA DISPOSABLES SA

Industry

HYGIENE PRODUCTS

76.769.222

83.431.363

8,68

1.407.140

4.197.202

198,28

29.921.351

KAFKAS SA

Commerce

ELECTRICAL MATERIALS

76.168.340

82.469.579

8,27

1.123.029

4.004.245

256,56

21.405.446

VITAPHARM SA

Commerce

PHARMACEUTICALS - COSMETICS

83.948.643

81.406.936

-3,03

3.657.937

5.120.802

39,99

7.878.657

PRODROMOS PAVLIDES SA

Industry

FOOD PRODUCTS

58.229.572

81.317.937

39,65

3.544.645

9.117.819

157,23

9.934.732

SONY ERICSSON MOBILE COMMUNICATIONS HELLAS SA

Commerce

ELECTRICAL MATERIALS

70.622.413

77.152.949

9,25

793.942

888.467

11,91

11.067.202

EPIROTIKI BOTTLING COMPANY SA (VIKOS S.A.)

Industry

BEVERAGES

73.544.863

74.602.258

1,44

7.368.454

10.611.926

44,02

26.472.445

JOTIS SA

Industry

FOOD PRODUCTS

73.645.130

74.170.690

0,71

3.893.250

3.457.086

-11,20

32.716.839

MISKO SA

Industry

FOOD PRODUCTS

74.903.854

73.816.558

-1,45

3.419.642

3.448.622

0,85

30.624.861

KARAGIORGOS COTTON INDUSTRY

Industry

TEXTILES

52.523.586

73.276.654

39,51

224.090

2.095.243

835,00

4.029.208

VIOLAR SA

Industry

TEXTILES

67.392.376

70.978.486

5,32

268.172

6.740.532

2.413,51

6.374.688

ALFA PHARM SA

Commerce

PHARMACEUTICALS - COSMETICS

70.681.031

70.713.120

0,05

546.045

822.001

50,54

3.782.221

MICHELIN

Commerce

TRANSPORTATION EQ. & SPARE PARTS

74.837.671

70.655.102

-5,59

1.481.341

1.410.212

-4,80

16.723.613

PROPHARM

Commerce

CHEMICALS

63.445.629

70.180.934

10,62

1.206.169

1.563.465

29,62

5.175.285

ATTICA DEPARTMENT STORES

Commerce

CLOTHING - FOOTWEAR

76.784.945

69.330.357

-9,71

2.157.641

2.416.189

11,98

21.757.750

INTERSPORT ATHLETICS

Commerce

CLOTHING - FOOTWEAR

66.553.006

67.587.379

1,55

3.500.431

3.340.679

-4,56

28.894.704

ALUMAN SA

Industry

METAL PRODUCTS

68.164.328

65.945.946

-3,25

-128.241

535.668

7.537.072

SCA HYGIENE PRODUCTS

Commerce

PHARMACEUTICALS - COSMETICS

56.829.569

65.284.115

14,88

1.390.414

1.714.523

23,31

16.590.462

ELTON INTERNATIONAL TRADING COMPANY S.A.

Commerce

CHEMICALS

13.957.867

65.256.704

367,53

1.061.646

3.297.665

210,62

2.458.628

DON & LOW HELLAS

Industry

TEXTILES

58.745.899

65.119.410

10,85

3.383.634

3.936.916

16,35

10.582.909

RAYCAP

Industry

MISCELLANEOUS

43.325.366

62.972.073

45,35

4.536.335

11.227.633

147,50

17.818.038

NTAVOU SA

Commerce

MISCELLANEOUS

61.732.818

62.901.845

1,89

366.820

419.666

14,41

1.695.411

INTERCOMM FOODS

Industry

FOOD PRODUCTS

57.614.959

62.503.449

8,48

1.350.452

2.413.909

78,75

7.620.617

DOW HELLAS

Industry

CHEMICALS

58.861.846

61.980.918

5,30

4.045.904

5.602.667

38,48

8.627.512

SCA PACKAGING HELLAS

Industry

PAPER

54.855.449

60.780.674

10,80

-290.055

4.195.582

0,00

6.887.495

TELE UNICOM SA

Commerce

OFFICE MACHINES

29.330.801

59.520.814

102,93

239.671

662.307

176,34

2.372.131

MERCK

Commerce

PHARMACEUTICALS - COSMETICS

59.038.231

58.869.306

-0,29

-3.067.341

3.544.033

17.466.118

KRI - KRI DAIRY INDUSTRY

Industry

FOOD PRODUCTS

46.563.740

57.827.568

24,19

3.287.391

5.040.888

53,34

17.362.548

SCHNEIDER ELECTRIC SA

Industry

ELECTRICAL MATERIALS

43.997.022

57.264.099

30,15

-644.317

3.480.437

11.243.023

BEIERSDORF HELLAS SA

Commerce

PHARMACEUTICALS - COSMETICS

59.600.630

55.311.267

-7,20

3.317.410

3.166.528

-4,55

40.733.586

GOUNTSIDIS SA

Commerce

SUPERMARKETS

56.158.305

54.690.760

-2,61

974.386

1.102.399

13,14

13.504.864

LEADER SA

Commerce

FOOD TRADING

50.018.234

54.625.016

9,21

1.074.030

1.521.227

41,64

7.635.609

ARAMBATZIS M. SA

Industry

FOOD PRODUCTS

50.710.935

54.100.280

6,68

5.653.764

6.226.477

10,13

11.998.929

FLEXOPACK S.A. PLASTICS INDUSTRY

Industry

PLASTICS - ELASTICS

46.906.000

53.404.000

13,85

4.137.000

4.337.000

4,83

7.776.000

ATLAS TAPES SA

Industry

PLASTICS - ELASTICS

53.074.517

53.197.783

0,23

1.608.702

1.722.969

7,10

5.740.007

KRONOS SA

Industry

FOOD PRODUCTS

41.936.785

52.204.142

24,48

282.593

4.109.092

1.354,07

6.472.808

CHATZOPOULOS

Industry

PUBLISHING - PRINTING

48.817.675

51.783.137

6,07

722.095

1.193.313

65,26

7.546.312

HEWLETT PACKARD HELLAS SA

Commerce

OFFICE MACHINES

53.674.662

51.710.731

-3,66

4.489.839

5.814.396

29,50

29.670.208

BIOMAR HELLENIC SA

Industry

FOOD PRODUCTS

46.486.498

50.694.068

9,05

961.215

2.063.902

114,72

7.541.183

COSTAS G. XYDIAS SA PHARMACEUTICAL DISTRIBUTOR

Commerce

PHARMACEUTICALS - COSMETICS

56.195.556

49.897.849

-11,21

1.229.739

1.024.620

-16,68

6.400.914

228

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES GROSS PROFITS 2012 (€)

GROSS PROFIT CHANGE (%)

OWN CAPITAL 2011 (€)

OWN CAPITAL 2012 (€)

OWN EQUITY CHANGE (%)

DEBT 2011 (€)

DEBT 2012 (€)

DEBT CHANGE (%)

DEBT BURDEN 2011 (€)

DEBT BURDEN 2012 (€)

DEBT BURDEN CHANGE (%)

EQUITY YIELD 2011 (%)

EQUITY YIELD 2012 (%)

EQUITY YIELD CHANGE (%)

35.205.716

1,18

47.191.479

50.869.196

7,79

74.721.818

76.699.555

2,65

61,29

60,12

-1,90

3,13

2,42

-22,44

8.645.575

7,93

13.909.232

17.182.214

23,53

26.856.987

10.628.349

-60,43

65,88

38,22

-41,99

27,34

24,57

-10,12

24.242.529

45,13

54.371.762

49.032.814

-9,82

17.894.934

22.745.210

27,10

24,76

31,69

27,97

19,49

29,63

52,04

41.209.030

-3,21

48.855.134

52.794.390

8,06

17.985.771

19.075.929

6,06

26,91

26,54

-1,36

9,02

6,09

-32,45

32.473.873

8,53

20.794.568

22.446.247

7,94

37.658.799

31.520.885

-16,30

64,43

58,41

-9,34

6,77

18,70

176,33

24.123.644

12,70

18.430.953

20.469.828

11,06

26.693.411

25.711.971

-3,68

59,16

55,68

-5,88

6,09

19,56

221,04

8.028.167

1,90

7.904.600

23.494.400

197,22

27.982.525

15.512.748

-44,56

77,97

39,77

-49,00

46,28

21,80

-52,90

15.897.716

60,02

26.853.842

34.833.591

29,72

33.561.874

28.473.676

-15,16

55,55

44,98

-19,04

13,20

26,18

98,30

8.783.042

-20,64

2.097.606

1.693.491

-19,27

9.906.973

4.508.962

-54,49

82,53

72,70

-11,91

37,85

52,46

38,61

28.836.604

8,93

56.875.535

66.309.584

16,59

32.838.674

27.283.985

-16,92

36,60

29,15

-20,36

12,96

16,00

23,53

33.225.701

1,56

30.910.341

34.849.290

12,74

36.892.099

30.882.123

-16,29

54,41

46,98

-13,65

12,60

9,92

-21,24

29.246.182

-4,50

30.536.877

31.812.394

4,18

19.182.453

21.666.687

12,95

38,58

40,51

5,01

11,20

10,84

-3,20

5.852.605

45,25

15.728.001

17.282.674

9,88

10.215.912

28.506.886

179,04

39,38

62,26

58,10

1,42

12,12

750,89

12.917.650

102,64

8.211.627

12.459.278

51,73

33.984.369

32.934.414

-3,09

80,54

72,55

-9,92

3,27

54,10

1.556,60

4.112.064

8,72

4.280.608

4.923.152

15,01

22.775.173

13.580.764

-40,37

84,18

73,39

-12,81

12,76

16,70

30,89

15.048.669

-10,02

511.499

1.857.439

263,14

28.373.311

21.314.626

-24,88

98,23

91,98

-6,36

289,61

75,92

-73,78

6.165.833

19,14

2.258.092

3.353.376

48,50

24.572.246

19.082.735

-22,34

91,58

85,05

-7,13

53,42

46,62

-12,72

20.297.389

-6,71

17.731.313

19.611.924

10,61

47.728.458

42.309.462

-11,35

72,91

68,33

-6,29

12,17

12,32

1,24

29.793.482

3,11

24.712.341

29.238.732

18,32

25.207.206

36.943.120

46,56

50,50

55,82

10,55

14,16

11,43

-19,34

6.870.698

-8,84

16.826.205

16.768.507

-0,34

27.101.130

26.207.891

-3,30

61,70

60,98

-1,16

-0,76

3,19

17.499.403

5,48

2.292.061

10.993.882

379,65

11.165.153

15.368.248

37,64

82,97

58,30

-29,74

60,66

15,60

-74,29

11.167.576

354,22

35.259.260

37.949.659

7,63

30.256.567

26.670.186

-11,85

46,18

41,27

-10,63

3,01

8,69

188,60

11.190.299

5,74

22.245.925

25.768.370

15,83

26.187.008

27.723.760

5,87

54,07

51,83

-4,14

15,21

15,28

0,45

23.852.130

33,87

21.869.787

30.221.036

38,19

27.815.219

24.980.102

-10,19

55,98

45,25

-19,17

20,74

37,15

79,11

1.630.124

-3,85

1.040.953

1.037.091

-0,37

2.170.633

2.309.018

6,38

67,59

69,01

2,10

35,24

40,47

14,83

10.123.641

32,85

15.264.259

17.146.474

12,33

45.044.075

48.107.276

6,80

74,69

73,72

-1,29

8,85

14,08

59,13

11.094.099

28,59

10.030.070

11.007.858

9,75

16.149.490

11.606.883

-28,13

61,69

51,32

-16,80

40,34

50,90

26,18

12.071.072

75,26

23.191.481

28.064.128

21,01

22.360.706

21.554.784

-3,60

49,09

43,44

-11,50

-1,25

14,95

0,00

5.030.614

112,07

1.668.089

1.972.666

18,26

6.243.847

7.006.530

12,21

78,92

78,03

-1,12

14,37

33,57

133,67

19.597.949

12,21

1.704.183

49.182.001

2.785,96

42.504.610

13.464.093

-68,32

96,15

21,49

-77,65

-179,99

7,21

0,00

21.347.537

22,95

29.640.277

32.452.758

9,49

17.600.455

16.143.294

-8,28

37,26

33,22

-10,84

11,09

15,53

40,05

15.492.943

37,80

7.838.193

9.073.454

15,76

29.535.664

38.323.115

29,75

79,03

80,86

2,31

-8,22

38,36

0,00

39.140.226

-3,91

19.717.775

19.810.905

0,47

14.412.776

12.483.717

-13,38

42,23

38,66

-8,46

16,82

15,98

-5,00

13.281.525

-1,65

9.258.599

10.385.064

12,17

14.192.331

13.095.708

-7,73

60,52

55,77

-7,84

10,52

10,62

0,87

9.218.728

20,73

10.917.847

11.213.363

2,71

23.361.085

21.710.230

-7,07

68,15

65,94

-3,24

9,84

13,57

37,90

13.329.978

11,09

24.122.081

29.174.017

20,94

21.697.433

18.592.096

-14,31

47,35

38,92

-17,80

23,44

21,34

-8,94

9.329.000

19,97

40.616.000

43.036.000

5,96

23.552.000

25.227.000

7,11

36,70

36,96

0,69

10,19

10,08

-1,06

6.366.151

10,91

7.729.024

9.033.416

16,88

26.145.698

23.641.233

-9,58

77,18

72,35

-6,26

20,81

19,07

-8,36

12.862.403

98,71

17.866.860

20.443.899

14,42

31.514.282

36.537.973

15,94

63,82

64,12

0,48

1,58

20,10

1.170,78

7.918.314

4,93

18.530.872

18.981.880

2,43

45.270.095

43.561.642

-3,77

70,96

69,65

-1,84

3,90

6,29

61,33

28.229.405

-4,86

3.491.987

7.950.232

127,67

23.683.814

22.126.265

-6,58

87,15

73,57

-15,59

128,58

73,13

-43,12

8.836.613

17,18

8.056.354

9.768.553

21,25

25.370.269

32.839.641

29,44

75,90

77,07

1,55

11,93

21,13

77,08

6.450.213

0,77

2.201.910

2.674.660

21,47

9.929.304

7.565.702

-23,80

81,85

73,88

-9,74

55,85

38,31

-31,41

Πηγή: STAT BANK

Diamonds

229

DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES a\a

ENTERPRISE

TYPE

SECTOR

TURNOVER 2011 (€)

TURNOVER 2012 (€)

TURNOVER CHANGE (%)

NET PROFITS 2011 (€)

NET PROFITS 2012 (€)

NET PROFITS CHANGE (%)

GROSS PROFIT 2011 (€)

PERNOD RICARD HELLAS ABEE

Commerce

TETRA PAK HELLAS SA

Commerce

BEVERAGES

55.541.992

48.916.713

-11,93

2.567.082

MACHINES

47.320.624

48.569.349

2,64

2.204.035

3.355.208

30,70

30.279.568

1.811.421

-17,81

11.234.891

MENARINI HELLAS SA

Commerce

PHARMACEUTICALS - COSMETICS

50.125.743

48.548.780

-3,15

EL - PHARM

Commerce

PHARMACEUTICALS - COSMETICS

40.179.119

47.274.985

17,66

6.480.759

8.420.928

29,94

31.079.625

510.637

692.419

35,60

2.606.707

ALFA-BETA ROTO SA

Industry

PLASTICS - ELASTICS

41.451.827

47.193.199

VIOTYR S.A - DAIRY PRODUCTS

Commerce

FOOD TRADING

42.390.329

46.899.338

13,85

825.260

6.643.272

704,99

5.759.749

10,64

574.742

852.072

48,25

4.394.821

NASOPOULOI BROS SA

Commerce

FOOD TRADING

46.034.563

45.574.526

-1,00

1.002.369

1.457.614

45,42

4.181.967

CHITOS SA - ZAGORI NATURAL MINERAL WATER

Industry

BEVERAGES

42.072.402

45.078.438

7,14

4.064.129

4.043.175

-0,52

18.204.587

H. B. BODY SA

Industry

CHEMICALS

41.646.597

44.288.408

6,34

6.428.180

7.189.947

11,85

14.990.368

MARAGOS B. PHARMACEUTICAL DISTRIBUTOR

Commerce

PHARMACEUTICALS - COSMETICS

39.994.240

43.134.501

7,85

490.807

1.326.444

170,26

2.295.068

100 101

PAVLIDIS MARBLE GRANITE SA

Industry

NON METALLIC MINERALS

38.857.431

42.519.221

9,42

9.663.224

13.465.945

39,35

17.673.485

UCB SA

Commerce

PHARMACEUTICALS - COSMETICS

45.413.655

42.347.927

-6,75

-1.643.364

2.469.531

19.595.921

102

DIMOULAS SA SPECIAL CABLES

Commerce

ELECTRICAL MATERIALS

32.426.092

42.295.489

30,44

3.052.766

3.314.632

8,58

6.749.004

103

ELVAL COLOUR SA

Industry

METAL PRODUCTS

34.656.467

41.829.603

20,70

1.826.828

1.794.444

-1,77

4.909.778

104

ALCON LABORATORIES HELLAS SA

Commerce

PHARMACEUTICALS - COSMETICS

40.919.597

41.774.511

2,09

-1.977.614

1.890.679

13.531.630

105

GALAXIAS SA

Commerce

SUPERMARKETS

40.975.378

41.311.335

0,82

546.558

917.059

67,79

8.608.018

106

PAPAFILI MILLS SA

Industry

FOOD PRODUCTS

38.849.509

41.024.776

5,60

2.121.743

2.675.638

26,11

8.656.186

107

SAMBO HELLAS SA

Industry

MACHINES - EQUIPMENT

33.002.863

40.756.107

23,49

1.085.739

1.216.315

12,03

7.259.193

108

BALAKANAKIS BROS SA

Industry

FOOD PRODUCTS

40.334.426

40.653.480

0,79

1.199.610

3.532.953

194,51

7.209.455

109

RODOPI SA

Industry

FOOD PRODUCTS

32.411.778

39.525.422

21,95

964.878

836.208

-13,34

4.201.029

110

XEROX HELLAS SA

Commerce

OFFICE MACHINES

39.492.387

39.510.012

0,04

2.749.437

1.905.618

-30,69

15.552.621

111

TUPPERWARE HELLAS SA

Industry

PLASTICS - ELASTICS

39.809.133

39.316.251

-1,24

3.055.060

3.315.272

8,52

14.212.257

112

PULL AND BEAR SA

Commerce

CLOTHING - FOOTWEAR

38.898.669

39.199.917

0,77

-285.180

1.051.468

18.204.529

113

ROLEX HELLAS SA

Commerce

MISCELLANEOUS

31.767.443

38.971.289

22,68

1.828.664

3.834.279

109,68

6.829.105

114

ATLANTA SA

Commerce

FOOD TRADING

40.895.438

38.754.359

-5,24

1.323.191

1.341.526

1,39

15.934.828

115

MARS HELLAS SA

Commerce

FOOD TRADING

42.568.551

38.565.945

-9,40

473.451

2.196.251

363,88

24.025.065

116

SEPTONA SA

Industry

MISCELLANEOUS

36.819.346

38.194.452

3,73

490.073

527.084

7,55

10.481.760

117

EUROCHARTIKI SA

Industry

PAPER

39.584.296

37.897.677

-4,26

441.952

617.111

39,63

9.533.544

118

HERON THERMOELECTRIC SA

Industry

ENERGY

17.241.000

37.819.000

119,36

-1.370.000

1.443.000

-2.282.000

119

GENERAL MILLS HELLAS SA

Commerce

FOOD TRADING

36.230.388

37.760.411

4,22

1.104.234

2.010.451

82,07

11.413.363

120

BSB SA

Industry

CLOTHING

32.823.679

37.160.605

13,21

-379.545

552.601

15.689.556

121

LUNCHEON MEAT EVROS SA

Industry

FOOD PRODUCTS

32.360.969

36.422.756

12,55

1.328.470

3.722.343

180,20

8.464.132

122

LITTLE ACRE MILK FARM SA

Industry

FOOD PRODUCTS

26.688.783

35.985.421

34,83

2.189.927

1.832.133

-16,34

4.580.831

123

CALIN SA

Commerce

CLOTHING - FOOTWEAR

35.703.615

35.283.599

-1,18

2.844.057

2.360.137

-17,02

13.542.308

124

DEAS SA

Industry

FOOD PRODUCTS

29.885.645

35.077.364

17,37

1.242.748

2.043.242

64,41

4.120.856

125

AEGEAN FIRST COMPANY AFCO SA

Commerce

CHEMICALS

35.736.315

35.076.865

-1,85

1.161.483

989.397

-14,82

2.974.504

126

THRAKIS MILLS I. OUZOUNOPOULOS SA

Industry

FOOD PRODUCTS

34.046.992

35.023.514

2,87

512.848

394.380

-23,10

9.979.084

127

KAFEA SA

Commerce

FOOD TRADING

36.048.012

34.442.388

-4,45

7.173.995

4.790.058

-33,23

15.325.566

128

KIACHAKIS EL. SA

Commerce

FOOD TRADING

37.292.290

34.310.305

-8,00

1.206.006

801.518

-33,54

3.575.813

129

ARGO MARKET SA

Commerce

SUPERMARKETS

34.639.379

34.278.097

-1,04

621.703

748.102

20,33

6.913.079

130

AIR LIQUIDE HELLAS SA

Industry

CHEMICALS

38.760.873

34.210.023

-11,74

-2.032.190

2.029.908

20.337.183

131

UNI-PHARMA ΚLEON TSETIS SA

Industry

PHARMACEUTICALS - DETERGENTS

29.709.165

33.840.000

13,90

482.092

6.077.000

1.160,55

6.635.321

132

ΕΜΑ SA

Commerce

TRANSPORTATION EQ. & SPARE PARTS

31.293.843

33.811.611

8,05

-2.111.343

1.310.268

0,00

9.172.726

133

ELVIAL SA

Industry

METALLOURGICAL

37.034.504

33.651.177

-9,14

1.932.679

1.737.269

-10,11

6.505.627

134

EPIRUS SA

Industry

FOOD PRODUCTS

32.780.143

33.632.027

2,60

1.815.589

1.755.494

-3,31

4.138.405

230

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES GROSS PROFITS 2012 (€)

GROSS PROFIT CHANGE (%)

OWN CAPITAL 2011 (€)

OWN CAPITAL 2012 (€)

OWN EQUITY CHANGE (%)

DEBT 2011 (€)

DEBT 2012 (€)

26.799.891

-11,49

17.743.786

17.868.920

11.566.730

2,95

1.229.000

28.598.883

-7,98

9.551.801

10.200.808

2.895.821

11,09

1.212.824

1.585.505

7.443.006

29,22

13.417.818

19.362.925

5.828.795

32,63

3.173.016

3.795.944

4.702.928

12,46

7.462.195

19.210.790

5,53

16.507.631 3.116.282

DEBT CHANGE (%)

DEBT BURDEN 2011 (€)

DEBT BURDEN 2012 (€)

DEBT BURDEN CHANGE (%)

0,71

23.797.996

18.757.782

-21,18

11.164.286

8.502.425

-23,84

6,79

16.199.302

17.254.221

6,51

62,91

30,73

13.965.939

11.868.480

-15,02

92,01

44,31

37.094.818

20.974.003

-43,46

19,63

16.083.574

18.372.385

14,23

8.601.407

15,27

3.238.927

3.666.181

27.427.828

31.248.040

13,93

14.734.151

10,12

50.449.355

57.809.238

14,59

35,78

2.266.190

3.283.259

44,88

22.981.579

30,03

40.304.168

51.947.264

28,89

16.174.034

-17,46

-669.262

3.113.055

8.780.664

30,10

16.687.029

19.172.742

14,90

6.014.698

22,50

43.460.301

44.987.277

3,51

19.920.689

47,22

2.567.788

13.313.195

8.993.035

4,47

3.625.913

4.687.284

9.282.606

7,24

34.134.256

8.112.983

11,76

11.287.786

10.013.793

38,90

4.130.225

-1,69

14.673.691

-5,65

12.811.991

13.660.955

13.970.780

-1,70

4.818.706

5.443.285

17.747.511

-2,51

10.824.333

11.178.574

3,27

8.472.634

24,07

1.482.630

2.456.469

65,68

13.291.346

-16,59

10.056.666

11.107.424

10,45

21.344.021

21.930.616

-8,72

3.873.309

3.794.560

-2,03

23.490.487

12.334.401

17,67

6.415.568

6.807.340

6,11

24.290.641

9.104.509

-4,50

24.962.478

25.845.988

3,54

35.813.985

EQUITY YIELD 2011 (%)

EQUITY YIELD 2012 (%)

EQUITY YIELD CHANGE (%)

57,29

51,21

-10,60

14,47

18,78

29,79

90,08

87,37

-3,01

179,34

147,39

-17,81

62,85

-0,10

67,85

82,55

21,67

88,22

-4,12

42,10

43,67

3,73

73,44

52,00

-29,19

6,15

34,31

457,83

83,52

18,11

22,45

23,96

13,19

30,27

13,43

11,65

-13,23

13.741.525

-6,74

34,95

30,54

-12,60

14,82

12,94

-12,68

6.941.192

6.484.999

-6,57

12,09

10,09

-16,60

12,74

12,44

-2,39

12.780.804

9.678.819

-24,27

84,94

74,67

-12,09

21,66

40,40

86,54

8.204.509

9.157.310

11,61

16,91

14,99

-11,39

23,98

25,92

8,12

24.969.930

24.779.187

-0,76

102,75

88,84

-13,54

245,55

79,33

-67,69

16.170.246

15.237.290

-5,77

49,21

44,28

-10,02

18,29

17,29

-5,50

20.148.006

18.896.285

-6,21

31,68

29,58

-6,62

4,20

3,99

-5,11

418,47

45.460.919

32.294.091

-28,96

94,65

70,81

-25,19

-77,02

14,20

0,00

29,27

13.479.684

13.445.079

-0,26

78,80

74,15

-5,90

15,07

19,56

29,79

37.902.027

11,04

10.133.948

8.062.447

-20,44

22,89

17,54

-23,38

6,22

7,06

13,57

12.147.295

7,61

26.316.534

28.094.951

6,76

69,98

69,81

-0,24

9,62

10,01

4,10

12.631.198

14.882.341

17,82

4.386.293

5.265.640

20,05

25,78

26,13

1,40

9,50

23,74

149,96

10.051.043

10.645.269

5,91

16.017.050

18.945.303

18,28

61,44

64,02

4,20

9,60

7,86

-18,17

6,63

15.740.752

14.034.225

-10,84

55,13

50,67

-8,08

21,46

13,95

-35,00

12,96

11.420.152

11.816.414

3,47

70,33

68,46

-2,65

63,40

60,91

-3,93

6.989.398

8.638.989

23,60

39,24

43,59

11,10

-2,63

9,41

0,00

10.210.150

10.860.014

6,36

87,32

81,55

-6,60

123,34

156,09

26,55

20.592.700

-3,52

67,97

13,16

12,08

-8,22

15.328.390

-34,75

85,85

80,16

-6,63

12,22

57,88

373,51

24.098.140

-0,79

79,11

77,97

-1,43

7,64

7,74

1,36

30.814.506

-13,96

58,93

54,38

-7,71

1,77

2,39

34,86

1.864.000

38.188.000

39.085.000

2,35

15.228.000

26.409.000

73,42

28,51

40,32

41,44

-3,59

3,69

12.290.767

7,69

3.715.060

4.894.187

31,74

26.951.449

26.444.123

-1,88

87,89

84,38

-3,99

29,72

41,08

38,20

19.144.567

22,02

25.927.914

22.849.972

-11,87

16.558.461

26.317.891

58,94

38,97

53,53

37,34

-1,46

2,42

0,00

10.607.007

25,32

13.371.915

15.227.812

13,88

14.865.626

14.136.838

-4,90

52,64

48,14

-8,55

9,93

24,44

146,05

4.498.654

-1,79

6.147.162

20.153.744

227,85

20.308.276

8.759.220

-56,87

76,76

30,30

-60,53

35,63

9,09

-74,48

14.175.561

4,68

5.648.427

5.925.700

4,91

14.026.788

11.611.490

-17,22

71,29

66,21

-7,13

50,35

39,83

-20,90

5.353.108

29,90

11.595.538

12.062.886

4,03

28.781.622

25.435.704

-11,63

71,28

67,83

-4,84

10,72

16,94

58,04

2.889.107

-2,87

3.161.274

3.942.670

24,72

12.218.155

13.502.634

10,51

79,44

77,40

-2,57

36,74

25,09

-31,70

10.115.096

1,36

11.144.862

11.527.853

3,44

25.475.523

25.408.008

-0,27

69,57

68,79

-1,12

4,60

3,42

-25,65

12.714.809

-17,04

9.449.411

11.040.298

16,84

26.421.959

21.205.801

-19,74

73,66

65,76

-10,72

75,92

43,39

-42,85

3.026.566

-15,36

2.926.059

3.307.678

13,04

8.409.267

7.520.854

-10,56

74,19

69,45

-6,38

41,22

24,23

-41,21

7.610.010

10,08

1.406.584

1.408.589

0,14

8.187.877

8.051.392

-1,67

85,34

44,20

53,16

20,33

18.337.293

-9,83

30.926.719

31.553.954

2,03

21.764.454

19.919.464

-8,48

41,31

38,70

-6,31

-6,57

6,43

13.831.000

108,45

38.799.284

47.353.582

22,05

18.220.987

28.255.954

55,07

31,96

1,24

12,83

934,68

8.731.449

-4,81

6.325.218

7.402.080

17,02

11.353.554

10.575.055

-6,86

64,22

58,83

-8,40

-33,38

17,70

0,00

6.165.093

-5,23

28.746.828

30.432.096

5,86

31.223.647

23.352.459

-25,21

52,07

43,42

-16,61

6,72

5,71

-15,09

3.984.296

-3,72

19.330.575

31.397.438

62,42

9.479.495

5.714.490

-39,72

32,90

15,40

-53,20

9,39

5,59

-40,47

Πηγή: STAT BANK

Diamonds

231

DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES a\a

ENTERPRISE

TYPE

SECTOR

TURNOVER 2011 (€)

TURNOVER 2012 (€)

TURNOVER CHANGE (%)

NET PROFITS 2011 (€)

NET PROFITS 2012 (€)

NET PROFITS CHANGE (%)

GROSS PROFIT 2011 (€)

135

PROKOS SA

Industry

136

PAPER

31.234.285

33.421.845

7,00

331.071

341.981

3,30

16.425.999

KEPENOS FLOUR MILLS SA

137

PENTAPLAST SA

Industry

FOOD PRODUCTS

30.511.734

33.379.922

9,40

1.248.096

1.386.057

11,05

6.432.549

Commerce

CHEMICALS

36.652.372

33.209.796

-9,39

565.218

1.514.691

167,98

138

4.242.031

139

GLEOUDIS KAVEX SA

Industry

TOBACCO

26.971.121

33.099.778

22,72

3.458.888

2.904.085

-16,04

7.433.941

THEON SENSORS SA

Industry

MISCELLANEOUS

22.713.314

32.955.091

45,09

-2.190.047

2.561.826

5.819.554

140

ALFA AGRICULTURAL SUPPLIES SA

Commerce

CHEMICALS

32.991.878

32.890.941

-0,31

1.452.918

1.172.750

-19,28

8.551.479

141

AMOIRIDES - SAVVIDIS SA

Commerce

HYGIENE - CONDITIONING

28.838.205

32.772.277

13,64

234.508

1.806.208

670,21

8.159.109

142

VASSILAGAS SA

Commerce

FOOD TRADING

22.965.098

32.527.654

41,64

62.503

611.491

878,34

4.290.401

143

BOZIONELOS F. @ SONS SA

Commerce

FOOD TRADING

27.449.367

31.254.667

13,86

1.339.784

1.232.892

-7,98

2.646.760

144

KORONAKIS D. SA

Industry

METAL PRODUCTS

25.822.960

30.603.549

18,51

5.003.422

7.930.466

58,50

8.762.749

145

MICROSOFT HELLAS SA

Commerce

INFORMATION TECHNOLOGIES

29.590.168

30.354.376

2,58

2.572.375

4.492.875

74,66

4.937.411

146

MEGARA RESINS ANASTASIOS FANIS SA

Industry

CHEMICALS

27.366.192

30.135.168

10,12

2.988.608

2.276.082

-23,84

6.719.233

147

KONSTANTOPOULOS SA '' OLYMP ''

Industry

FOOD PRODUCTS

27.803.866

30.103.436

8,27

2.410.095

2.658.084

10,29

5.799.650

148

COMPO HELLAS SA

Commerce

CHEMICALS

30.254.584

29.817.487

-1,44

241.399

1.014.566

320,29

2.843.802

149

FIBRAN ANASTASIADES D. SA

Industry

PLASTICS - ELASTICS

32.464.337

29.479.590

-9,19

-579.150

1.406.466

0,00

6.637.199

150

ISOMAT SA

Industry

CHEMICALS

32.444.336

29.076.484

-10,38

4.403.866

3.231.045

-26,63

15.257.784

151

IDEAL ELECTRONICS

Commerce

OFFICE MACHINES

32.036.000

29.071.000

-9,26

383.000

811.000

111,75

4.893.000

152

PAPAGEORGIOU FOOD SERVICE SA

Commerce

FOOD TRADING

24.693.516

28.536.760

15,56

978.921

1.088.962

11,24

2.731.083

153

PIONEER HI - BRED HELLAS SA

Commerce

FOOD TRADING

31.294.093

28.488.249

-8,97

4.839.583

3.178.755

-34,32

14.337.544

154

EUROPEAN DYNAMICS SA

Commerce

INFORMATION TECHNOLOGIES

28.530.669

27.665.380

-3,03

1.757.682

1.715.192

-2,42

5.367.918

155

ALMI FOODS SA

Industry

FOOD PRODUCTS

24.569.226

27.544.670

12,11

-234.147

462.456

2.237.261

156

GAVRIIL D. LTD

Commerce

CHEMICALS

18.470.521

27.025.925

46,32

1.081.303

2.311.861

113,80

3.474.493

157

MOUSTAKAS G.N. SA

Commerce

MISCELLANEOUS

25.807.715

26.968.127

4,50

585.187

1.285.769

119,72

9.904.228

158

FEBO HELLAS SA

Commerce

CHEMICALS

26.578.766

26.908.121

1,24

638.749

604.661

-5,34

2.997.774

159

GAP SA

Industry

PHARMACEUTICALS - DETERGENTS

22.752.563

26.745.061

17,55

2.499.190

4.135.062

65,46

11.853.693

160

BACARDI HELLAS

Commerce

BEVERAGE TRADING

28.139.432

26.480.550

-5,90

420.433

609.464

44,96

17.367.196

161

DEDES K. "ASPIS" SA

Industry

FOOD PRODUCTS

27.525.876

26.457.572

-3,88

3.311.450

3.289.142

-0,67

6.771.809

162

BAKLI BROS SA STAINLESS STEEL PRODUCTS

Commerce

METAL PRODUCTS

27.152.540

26.403.490

-2,76

-584.513

659.142

1.521.526

163

IAPONIKI SA

Commerce

TRANSPORTATION EQ. & SPARE PARTS

23.531.970

25.882.847

9,99

451.885

1.163.920

157,57

8.411.675

164

KEFALONIA FISHERIES

Industry

FOOD PRODUCTS

22.271.895

25.613.380

15,00

915.694

967.135

5,62

4.808.656

165

LUXOTTICA HELLAS SA

Commerce

MISCELLANEOUS

28.833.111

25.237.520

-12,47

6.760.882

4.456.761

-34,08

11.565.323

166

DANAIS SA

Industry

FOOD PRODUCTS

22.971.823

25.040.327

9,00

852.517

3.288.991

285,80

2.552.887

167

METAXA S. & Η. & Α. SA

Industry

BEVERAGES

20.937.237

24.964.781

19,24

4.288.619

5.173.830

20,64

8.060.819

168

LOUX MARLAFEKAS SA

Industry

BEVERAGES

21.869.155

24.787.568

13,34

2.272.429

2.291.888

0,86

11.600.266

169

KRIVEK SA

Commerce

FOOD TRADING

23.814.983

24.709.795

3,76

480.776

735.293

52,94

4.532.475

170

FREZYDERM SA

Industry

PHARMACEUTICALS - DETERGENTS

23.814.896

24.664.071

3,57

631.034

602.819

-4,47

14.014.722

171

COOPERATIVE PHARMACEUTICAL WAREHOUSE

Commerce

PHARMACEUTICALS - COSMETICS

25.318.364

24.465.936

-3,37

504.990

475.795

-5,78

1.225.403

172

MEVACO SA

Industry

METAL PRODUCTS

23.361.725

24.405.751

4,47

1.783.391

1.897.007

6,37

4.340.431

173

ASTELLAS PHARMACEUTICALS SA

Commerce

PHARMACEUTICALS - COSMETICS

21.966.679

24.218.802

10,25

900.151

1.383.302

53,67

15.958.934

174

SEITANIDES P. SA

Commerce

ELECTRICAL APPLIANCES

19.548.865

24.089.336

23,23

516.388

1.782.141

245,12

4.794.854

175

GATENIO D. S. & SON SA

Commerce

FOOD TRADING

19.161.455

23.817.853

24,30

3.984.909

3.689.605

-7,41

5.600.316

176

PET CITY SA

Commerce

MISCELLANEOUS

23.157.016

23.817.017

2,85

605.302

413.837

-31,63

10.106.769

177

SEXTOU BROS - ΝΕΑ ΕXFROUT SA

Industry

FOOD PRODUCTS

16.154.314

23.738.630

46,95

130.178

405.385

211,41

2.674.217

178

ALCHIMICA AE

Industry

CHEMICALS

21.486.229

23.610.058

9,88

3.028.886

2.576.215

-14,95

5.819.613

179

ASTRON CHEMICALS SA

Commerce

CHEMICALS

21.813.045

23.514.917

7,80

933.113

1.385.549

48,49

3.903.350

180

PANAGIOTAS B. SA

Commerce

SUPERMARKETS

20.285.953

23.217.746

14,45

1.247.724

1.803.949

44,58

3.859.012

232

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES GROSS PROFITS 2012 (€)

GROSS PROFIT CHANGE (%)

OWN CAPITAL 2011 (€)

OWN CAPITAL 2012 (€)

OWN EQUITY CHANGE (%)

DEBT 2011 (€)

DEBT 2012 (€)

DEBT CHANGE (%)

DEBT BURDEN 2011 (€)

DEBT BURDEN 2012 (€)

DEBT BURDEN CHANGE (%)

EQUITY EQUITY YIELD YIELD 2012 (%) 2011 (%)

17.283.167

5,22

11.946.220

12.178.978

1,95

14.225.513

12.521.390

-11,98

54,35

50,69

-6,74

7.196.914

11,88

16.860.652

16.873.239

0,07

22.154.889

17.283.594

-21,99

56,78

50,60

-10,89

7,40

8,21

10,97

4.775.190

12,57

4.635.558

5.161.753

11,35

14.470.360

13.212.240

-8,69

75,74

71,91

-5,06

12,19

29,34

140,66

9.356.257

25,86

16.489.867

19.376.793

17,51

19.174.053

16.866.988

-12,03

53,76

46,54

-13,44

20,98

14,99

-28,55

9.370.290

61,01

11.121.481

9.465.330

-14,89

14.958.001

18.377.136

22,86

57,36

66,00

15,08

-19,69

27,07

8.530.712

-0,24

8.318.940

8.713.439

4,74

32.994.583

20.001.660

-39,38

79,86

69,66

-12,78

17,47

13,46

-22,94

9.237.375

13,22

7.247.534

8.691.901

19,93

24.138.855

24.439.146

1,24

76,91

73,77

-4,09

3,24

20,78

542,22

6.710.733

56,41

1.383.099

1.799.802

30,13

11.654.420

11.314.310

-2,92

89,39

86,28

-3,49

4,52

33,98

651,83

2.596.186

-1,91

8.651.350

9.626.013

11,27

2.227.409

1.711.052

-23,18

20,47

15,09

-26,29

15,49

12,81

-17,30

11.456.084

30,74

38.390.072

30.771.670

-19,84

3.095.100

5.641.686

82,28

7,46

15,49

107,67

13,03

25,77

97,74

6.787.293

37,47

1.958.666

4.822.088

146,19

12.361.273

12.730.404

2,99

86,32

72,53

-15,98

131,33

93,17

-29,06

5.853.973

-12,88

5.353.419

10.424.389

94,72

14.109.469

16.348.280

15,87

72,49

61,06

-15,77

55,83

21,83

-60,89

5.865.445

1,13

16.486.413

16.602.241

0,70

12.250.888

13.408.888

9,45

42,63

44,68

4,81

14,62

16,01

9,52

4.093.908

43,96

9.554.630

10.569.196

10,62

11.669.903

6.786.923

-41,84

54,98

39,10

-28,88

2,53

9,60

279,94

6.129.131

-7,65

62.271.549

63.702.591

2,30

4.457.444

3.435.816

-22,92

6,68

5,12

-23,39

-0,93

2,21

0,00

12.483.542

-18,18

28.176.583

31.041.353

10,17

11.129.938

9.986.120

-10,28

28,32

24,34

-14,04

15,63

10,41

-33,40

4.547.000

-7,07

8.462.000

9.273.000

9,58

13.917.000

10.136.000

-27,17

62,19

52,22

-16,02

4,53

8,75

93,23

2,77

EQUITY YIELD CHANGE (%)

2,81

1,32

3.506.969

28,41

3.470.154

4.369.015

25,90

7.788.226

7.335.592

-5,81

69,18

62,67

-9,40

28,21

24,92

-11,65

12.206.555

-14,86

4.387.904

2.348.159

-46,49

13.935.193

9.351.042

-32,90

76,05

79,93

5,10

110,29

135,37

22,74

5.470.016

1,90

12.412.760

12.181.741

1,86

10.710.776

12.968.978

21,08

46,32

14,16

14,08

0,56

3.388.225

51,45

3.015.036

4.095.565

35,84

11.233.042

10.993.361

-2,13

78,84

72,86

-7,59

-7,77

11,29

4.845.629

39,46

6.642.449

9.019.307

35,78

13.701.958

9.430.131

-31,18

67,35

51,11

-24,11

16,28

25,63

57,46

10.084.842

1,82

2.960.086

4.080.847

37,86

21.053.140

22.002.962

4,51

87,67

84,35

-3,78

19,77

31,51

59,38

3.238.732

8,04

4.079.460

4.687.468

14,90

18.972.774

18.584.751

-2,05

82,30

79,86

-2,97

15,66

12,90

-17,62

14.691.480

23,94

7.129.835

8.753.062

22,77

12.570.977

13.946.290

10,94

63,81

61,44

-3,71

35,05

47,24

34,77

14.461.944

-16,73

2.116.951

2.333.406

10,22

20.888.664

14.221.467

-31,92

90,80

85,91

-5,39

19,86

26,12

31,51

6.393.953

-5,58

29.718.406

40.267.242

35,50

4.069.686

7.057.902

73,43

12,04

14,91

23,82

11,14

8,17

-26,69

2.722.539

78,93

30.081.478

31.058.260

3,25

848.330

963.106

13,53

2,74

3,01

9,66

-1,94

2,12

8.988.115

6,85

3.399.134

4.006.488

17,87

16.014.566

15.068.037

-5,91

82,49

13,29

29,05

118,59

5.499.628

14,37

9.892.904

10.558.001

6,72

16.261.431

11.703.658

-28,03

62,17

52,57

-15,44

9,26

9,16

-1,04

9.192.422

-20,52

2.527.919

11.783.344

8.711.239

-26,07

82,34

77,51

-5,86

267,45

176,30

-34,08

5.074.952

98,79

14.925.545

17.096.442

14,54

8.952.062

9.878.621

10,35

37,49

36,62

-2,32

5,71

19,24

236,81

9.790.179

21,45

11.164.062

6.637.411

-40,55

2.637.659

8.609.674

226,41

19,11

56,47

195,47

38,41

77,95

102,92

12.973.146

11,83

18.638.182

21.379.716

14,71

9.734.486

11.495.887

18,09

34,31

34,97

1,92

12,19

10,72

-12,08

4.735.684

4,48

4.121.300

2.565.425

-37,75

14.626.480

14.370.411

-1,75

78,02

84,85

8,76

11,67

28,66

145,69

14.938.226

6,59

3.388.672

5.630.196

66,15

20.063.324

17.294.562

-13,80

85,55

75,44

-11,82

18,62

10,71

-42,50

1.096.717

-10,50

544.306

563.409

3,51

5.743.272

4.824.949

-15,99

91,34

89,54

-1,97

92,78

84,45

-8,98

5.240.553

20,74

31.740.314

32.369.882

1,98

13.733.789

19.853.668

44,56

30,20

38,02

25,88

5,62

5,86

4,30

16.880.907

5,78

1.803.313

3.386.042

87,77

23.333.945

22.250.845

-4,64

92,83

86,79

-6,50

49,92

40,85

-18,16

6.287.039

31,12

8.532.914

10.340.471

21,18

14.710.659

15.399.876

4,69

63,29

6,05

17,23

184,87

4.927.639

-12,01

3.012.295

4.720.115

56,69

5.477.562

3.692.652

-32,59

64,52

43,89

-31,97

132,29

78,17

-40,91

10.178.298

0,71

2.318.839

2.572.143

10,92

11.651.412

11.445.684

-1,77

83,40

81,65

-2,10

26,10

16,09

-38,36

4.125.623

54,27

5.798.534

6.263.663

8,02

4.699.090

4.382.787

-6,73

44,76

41,17

-8,03

2,25

6,47

188,28

5.531.626

-4,95

6.103.033

7.750.010

26,99

6.772.609

5.251.342

-22,46

52,60

40,39

-23,21

49,63

33,24

-33,02

4.718.697

20,89

3.875.483

5.066.014

30,72

11.485.800

11.687.557

1,76

74,77

69,76

-6,70

24,08

27,35

13,59

4.626.772

19,90

3.782.837

5.174.733

36,80

7.808.662

6.935.110

-11,19

67,37

57,27

-14,99

32,98

34,86

5,69 Πηγή: STAT BANK

Diamonds

233

DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES a\a

ENTERPRISE

TYPE

SECTOR

TURNOVER 2011 (€)

TURNOVER 2012 (€)

TURNOVER CHANGE (%)

NET PROFITS 2011 (€)

NET PROFITS 2012 (€)

NET PROFITS CHANGE (%)

GROSS PROFIT 2011 (€)

181

ALSTOM GRID HELLAS SA (AREVA HELLAS SA)

Industry

ELECTRICAL MATERIALS

17.733.840

23.187.202

30,75

611.802

660.645

7,98

3.119.819

182

HERMES HARISIADIS SA

183

Commerce

MISCELLANEOUS

22.181.525

22.981.109

3,60

648.779

929.377

43,25

5.202.724

DELTA CHEMICALS SA

Commerce

CHEMICALS

23.302.467

22.246.172

-4,53

1.022.644

953.607

-6,75

3.656.043

184

S.B. BIOTECHNOLOGY SUPLIERS SA

Commerce

PHARMACEUTICALS - COSMETICS

24.231.668

21.843.388

-9,86

432.527

1.866.185

331,46

11.184.332

185

DAVARIS G. CLOTHING

Commerce

CLOTHING - FOOTWEAR

18.797.043

21.246.085

13,03

609.600

679.460

11,46

6.074.501

186

NIKOLOPOULOI BROS SA

Industry

FOOD PRODUCTS

19.327.035

20.985.081

8,58

654.869

598.049

-8,68

1.711.536

187

GLIAGIAS BROS SA

Industry

CLOTHING

16.627.405

20.911.038

25,76

261.116

2.598.597

895,19

1.168.007

188

MULTY FOAM SA

Industry

PLASTICS - ELASTICS

21.958.890

20.797.568

-5,29

2.613.712

1.957.933

-25,09

6.608.551

189

ZANCOU SHOES Ι. Α. KOUROUNIOTIS SA

Commerce

CLOTHING - FOOTWEAR

20.341.447

20.730.345

1,91

1.423.580

1.633.811

14,77

8.393.486

190

TORRE Η. GLATZOUNIS SA

Commerce

FOOD TRADING

18.053.468

20.448.046

13,26

1.413.722

2.567.945

81,64

4.350.125

191

VENETIS CH. SA

Industry

FOOD PRODUCTS

18.380.095

20.300.760

10,45

805.901

986.982

22,47

9.031.520

192

SIEMENS

Industry

ELECTRICAL MATERIALS

20.874.920

20.061.285

-3,90

2.169.080

2.420.555

11,59

3.279.683

193

DAMKALIDES D. & Ι. SA

Commerce

ELECTRICAL MATERIALS

19.134.311

19.970.689

4,37

1.389.137

1.608.745

15,81

5.189.674

194

KAPACHIM SA

Industry

CHEMICALS

20.227.781

19.894.662

-1,65

267.849

826.987

208,75

2.419.346

195

PURATOS HELLAS SA

Commerce

FOOD TRADING

20.350.147

19.412.544

-4,61

882.838

629.693

-28,67

6.427.796

196

UNIFLAME SA

Commerce

MISCELLANEOUS

16.276.269

19.319.970

18,70

1.390.289

1.803.739

29,74

3.412.189

197

PAPAIOANNOU ST. '' LAPIN HOUSE '' SA

Industry

CLOTHING

21.845.336

19.219.451

-12,02

353.951

410.704

16,03

7.644.627

198

KNAUF USG SA

Industry

NON METALLIC MINERALS

17.713.435

19.086.984

7,75

2.343.922

2.360.806

0,72

5.545.540

199

KOUKOUTARIS Α. '' ALFA '' SA

Industry

FOOD PRODUCTS

18.002.380

19.013.807

5,62

1.540.364

1.906.601

23,78

7.983.844

200

APPLIANCES RECYCLING SA

Industry

MISCELLANEOUS

20.255.396

18.974.964

-6,32

851.294

-2.530.022

201

PAPAPANAGIOTOU Μ. SA

Commerce

CHEMICALS

20.658.766

18.843.237

-8,79

1.789.039

1.641.664

-8,24

3.792.972

202

S. NENDOS SA SELECT BAKERY PRODUCTS

Industry

FOOD PRODUCTS

17.584.384

18.295.242

4,04

2.462.477

2.883.803

17,11

6.530.855

203

ECOLAB SA

Industry

PHARMACEUTICALS - DETERGENTS

17.757.919

17.934.255

0,99

563.375

503.300

-10,66

11.181.417

204

PAPADOPOULOS P. SA

Commerce

MACHINES

17.720.786

17.847.374

0,71

189.596

680.688

259,02

5.160.571

205

ORACLE

Commerce

INFORMATION TECHNOLOGIES

15.285.324

17.752.405

16,14

1.182.807

1.133.495

-4,17

2.155.083

206

MEDBEST SA

Commerce

FOOD TRADING

16.990.298

17.649.654

3,88

604.231

522.031

-13,60

1.251.301

207

IOANNIDES KON. Η. SA

Industry

FOOD PRODUCTS

15.950.887

17.591.152

10,28

719.322

1.737.796

141,59

1.367.100

208

VIORYL SA

Industry

CHEMICALS

15.695.649

17.554.227

11,84

362.187

712.032

96,59

7.220.071

209

VECHRO COLORS SA

Industry

CHEMICALS

19.168.681

17.453.348

-8,95

207.567

380.331

83,23

5.187.412

210

ROUSSAS SA

Industry

FOOD PRODUCTS

15.685.028

17.236.608

9,89

100.482

723.694

620,22

1.279.491

211

KANAKIS STELIOS SA

Commerce

FOOD TRADING

17.933.660

17.101.568

-4,64

1.400.534

1.375.387

-1,80

5.860.916

212

EUROFILM MANTZARIS SA

Industry

PLASTICS - ELASTICS

15.010.488

17.083.420

13,81

454.885

541.729

19,09

2.420.968

213

TRIGON GAS SA

Commerce

PETROLEUM PRODUCTS

13.908.950

16.862.337

21,23

135.468

482.668

256,30

2.336.670

214

PHARMASWISS HELLAS SA

Commerce

PHARMACEUTICALS - COSMETICS

10.142.608

16.743.277

65,08

1.016.970

2.323.792

128,50

5.027.533

215

NEOGAL SA

Industry

FOOD PRODUCTS

15.926.361

16.565.147

4,01

1.271.828

2.123.525

66,97

4.121.056

216

KLEFER SA

Industry

METAL PRODUCTS

14.891.000

16.552.000

11,15

2.097.000

2.662.000

26,94

3.473.000

217

ALESIS SA

Industry

FOOD PRODUCTS

14.026.385

16.330.830

16,43

612.412

561.603

-8,30

5.002.292

218

EDIL SA

Industry

FURNITURE

12.600.100

16.198.168

28,56

606.226

931.541

53,66

2.371.240

219

ALUMINIUM THALASSINOS SA

Industry

MISCELLANEOUS

15.590.025

16.020.376

2,76

1.648.226

1.175.294

-28,69

4.083.101

220

ANASTOPOULOS D. & S. SA

Commerce

FORMS - PAPER - STATIONERY

14.662.841

15.668.520

6,86

239.037

863.550

261,26

2.570.767

221

Μ.Ε.Τ.Ε. SA

Industry

MINING

11.505.620

15.600.799

35,59

-1.518.100

2.896.661

0,00

479.735

222

ΖARIFOPOULOS T.G. SA

Commerce

MISCELLANEOUS

17.063.962

15.422.093

-9,62

1.404.209

1.002.799

-28,59

11.901.439

223

BODY TALK SA

Commerce

CLOTHING - FOOTWEAR

14.744.896

15.326.068

3,94

1.456.445

1.906.213

30,88

7.374.383

224

DIAXON SA

Industry

PLASTICS - ELASTICS

14.954.000

15.174.000

1,47

3.673.000

3.008.000

-18,11

3.310.000

225

PETSIAVAS N. SA

Industry

PHARMACEUTICALS - DETERGENTS

15.889.739

15.081.270

-5,09

904.507

952.072

5,26

7.559.602

226

NANOS J. SA

Industry

FOOD PRODUCTS

14.473.078

14.888.579

2,87

518.397

448.563

-13,47

2.039.466

227

CHOTOS SA

Industry

FOOD PRODUCTS

12.666.449

14.688.915

15,97

998.983

811.626

-18,75

1.399.899

234

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES GROSS PROFITS 2012 (€)

GROSS PROFIT CHANGE (%)

OWN CAPITAL 2011 (€)

OWN CAPITAL 2012 (€)

OWN EQUITY CHANGE (%)

DEBT 2011 (€)

DEBT 2012 (€)

DEBT CHANGE (%)

DEBT BURDEN 2011 (€)

DEBT BURDEN 2012 (€)

DEBT BURDEN CHANGE (%)

EQUITY YIELD 2011 (%)

EQUITY YIELD 2012 (%)

EQUITY YIELD CHANGE (%)

3.478.306

11,49

6.113.761

3.615.591

-40,86

13.655.784

9.758.928

-28,54

79,07

72,97

-7,71

10,01

18,27

82,54

5.086.834

-2,23

2.117.158

2.883.203

36,18

14.988.580

13.072.191

-12,79

87,62

81,93

-6,50

30,64

32,23

5,19

3.572.640

-2,28

5.328.890

5.845.290

9,69

14.460.193

13.170.528

-8,92

73,07

69,26

-5,21

19,19

16,31

-14,99

11.328.977

1,29

3.586.494

13.450.706

275,04

49.140.823

41.117.578

-16,32

93,20

12,06

13,87

15,01

6.425.066

5,77

6.437.844

6.687.166

3,87

19.030.191

17.569.034

-7,68

74,72

9,47

10,16

7,29

1.708.252

-0,19

11.452.432

11.831.358

3,31

1.113.009

1.138.881

2,32

8,86

8,78

-0,87

5,72

5,05

-11,60

4.010.445

243,36

6.786.359

8.850.184

30,41

7.661.041

10.245.742

33,74

53,03

53,65

1,18

3,85

29,36

663,11

5.357.549

-18,93

32.771.906

34.692.216

5,86

10.530.857

9.234.715

-12,31

24,32

21,02

-13,55

7,98

5,64

-29,24

8.041.106

-4,20

12.598.142

14.050.720

11,53

2.882.941

2.764.445

-4,11

18,62

16,44

-11,72

11,30

11,63

2,90

5.567.785

27,99

13.132.151

14.030.190

6,84

7.622.527

5.956.018

-21,86

36,73

29,80

-18,86

10,77

18,30

70,02

10.242.344

13,41

12.896.546

13.686.420

6,12

8.644.582

8.901.417

2,97

40,13

39,41

-1,80

6,25

7,21

15,40

3.218.579

-1,86

10.182.236

12.018.759

18,04

8.560.489

7.534.415

-11,99

45,67

38,53

-15,63

21,30

20,14

-5,46

5.314.114

2,40

7.559.604

8.151.214

7,83

3.049.112

4.327.511

41,93

28,74

34,68

20,66

18,38

19,74

7,40

2.681.221

10,82

6.867.882

9.236.039

34,48

11.252.891

9.764.277

-13,23

62,10

51,39

-17,25

3,90

8,95

129,59

6.012.964

-6,45

2.470.484

2.491.066

0,83

12.506.956

10.882.416

-12,99

83,51

81,37

-2,55

35,74

25,28

-29,26

4.015.989

17,70

2.800.715

4.213.489

50,44

4.482.335

5.350.995

19,38

61,54

55,95

-9,10

49,64

42,81

-13,76

7.266.710

-4,94

10.543.997

10.444.443

-0,94

9.793.376

9.306.736

-4,97

48,15

47,12

-2,15

3,36

3,93

17,14

7.152.504

28,98

8.281.420

10.508.123

26,89

8.648.364

11.487.009

32,82

51,08

52,23

2,23

28,30

22,47

-20,62

8.369.261

4,83

14.944.955

25.356.622

69,67

5.889.492

6.505.358

10,46

28,27

20,42

-27,77

10,31

7,52

-27,05

3.553.879

31.873.271

32.546.076

2,11

4.160.539

3.359.098

-19,26

11,55

9,36

-18,97

2,62

3.423.165

-9,75

2.848.972

3.796.369

33,25

10.119.821

3.354.755

-66,85

78,03

46,91

-39,88

62,80

43,24

-31,14

6.836.754

4,68

25.372.741

27.293.176

7,57

5.206.208

5.598.154

7,53

17,03

17,02

-0,03

9,71

10,57

8,87

10.691.739

-4,38

4.447.089

4.389.836

-1,29

12.875.664

12.101.530

-6,01

74,33

73,38

-1,27

12,67

11,47

-9,50

5.305.858

2,82

18.114.075

21.752.997

20,09

12.687.167

10.127.956

-20,17

41,19

31,77

-22,88

1,05

3,13

198,96

2.160.586

0,26

4.850.006

5.482.846

13,05

5.583.324

5.992.035

7,32

53,51

52,22

-2,42

24,39

20,67

-15,23

1.149.145

-8,16

94.077

504.908

436,70

2.308.662

1.832.048

-20,64

96,08

78,39

-18,41

642,27

103,39

-83,90

2.134.041

56,10

4.003.033

5.380.240

34,40

6.239.394

6.043.351

-3,14

60,92

52,90

-13,16

17,97

32,30

79,75

7.793.735

7,95

10.642.756

11.040.253

3,73

10.878.091

10.947.045

0,63

50,55

49,79

-1,50

3,40

6,45

89,51

5.104.886

-1,59

5.268.885

5.336.099

1,28

13.557.818

12.644.072

-6,74

72,01

70,32

-2,35

3,94

7,13

80,92

2.462.009

92,42

3.838.095

5.210.368

35,75

11.228.966

12.457.588

10,94

74,53

70,51

-5,39

2,62

13,89

430,53

5.608.808

-4,30

15.688.938

16.743.902

6,72

5.391.219

4.196.337

-22,16

25,57

20,04

-21,64

8,93

8,21

-7,98

2.783.953

14,99

10.007.099

10.251.007

2,44

11.880.998

11.933.277

0,44

54,28

53,79

-0,90

4,55

5,28

16,26

2.523.803

8,01

1.057.733

1.427.007

34,91

6.168.544

6.322.000

2,49

85,36

81,58

-4,43

12,81

33,82

164,10

7.319.532

45,59

1.460.128

3.216.345

120,28

8.375.646

9.376.797

11,95

85,15

74,46

-12,56

69,65

72,25

3,73

4.819.473

16,95

18.745.059

20.357.080

8,60

3.409.309

3.214.231

-5,72

15,39

13,64

-11,39

6,78

10,43

53,74

3.879.000

11,69

15.197.000

16.993.000

11,82

4.311.000

3.404.000

-21,04

22,10

16,69

-24,48

13,80

15,67

13,53

6.057.702

21,10

10.843.789

11.279.688

4,02

5.928.790

6.678.398

12,64

35,35

37,19

5,21

5,65

4,98

-11,84

2.763.967

16,56

6.692.668

7.360.542

9,98

6.578.031

5.984.681

-9,02

49,57

44,85

-9,53

9,06

12,66

39,72

3.826.234

-6,29

5.114.957

6.245.215

22,10

8.119.287

6.061.499

-25,34

61,35

49,25

-19,72

32,22

18,82

-41,60

3.031.076

17,91

5.270.565

6.465.992

22,68

11.084.852

5.468.850

-50,66

67,77

45,82

-32,39

4,54

13,36

194,47

5.897.349

1.129,29

8.519.408

11.190.686

31,36

7.222.608

3.020.103

-58,19

45,88

21,25

-53,68

-17,82

25,88

0,00

9.563.446

-19,64

5.087.145

5.569.767

9,49

12.136.567

10.633.204

-12,39

70,46

65,63

-6,87

27,60

18,00

-34,77

7.772.394

5,40

6.631.054

8.123.033

22,50

6.646.704

6.522.640

-1,87

50,06

44,54

-11,03

21,96

23,47

6,84

2.735.000

-17,37

66.083.000

68.248.000

3,28

7.865.000

8.431.000

7,20

10,64

11,00

3,38

5,56

4,41

-20,70

7.329.715

-3,04

5.683.100

6.030.166

6,11

8.892.457

8.617.369

-3,09

61,01

58,83

-3,57

15,92

15,79

-0,80

1.834.674

-10,04

3.466.810

3.725.998

7,48

1.937.685

2.043.084

5,44

35,85

35,41

-1,22

14,95

12,04

-19,49

1.512.700

8,06

11.146.186

11.731.935

5,26

2.252.474

5.146.938

128,50

16,81

30,49

81,39

8,96

6,92

-22,81 Πηγή: STAT BANK

Diamonds

235

DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES a\a

ENTERPRISE

TYPE

SECTOR

TURNOVER 2011 (€)

TURNOVER 2012 (€)

TURNOVER CHANGE (%)

NET PROFITS 2011 (€)

NET PROFITS 2012 (€)

NET PROFITS CHANGE (%)

GROSS PROFIT 2011 (€)

228

GOGGAKIS SA

Commerce

229

DIMIS SA

Industry

FOOD TRADING

13.361.704

14.634.818

9,53

447.018

CLOTHING

13.532.365

14.601.337

7,90

461.987

624.607

39,73

2.868.746

403.298

-12,70

2.461.345

230

HORECA SA

231

Commerce

FOOD TRADING

14.070.693

14.504.487

3,08

2.847.597

ARI SA

Industry

FOOD PRODUCTS

11.053.793

14.476.594

30,96

1.136.122

2.591.307

-9,00

6.136.394

792.872

-30,21

2.705.311

232

KONTARATOU Ι. & F. SA

Commerce

SUPERMARKETS

13.211.501

14.397.822

8,98

233

HILTI HELLAS SA

Commerce

MACHINES

13.960.741

14.358.815

2,85

478.274

536.127

12,10

3.042.174

-677.037

917.623

0,00

5.357.817

234

BRAKOPOULOS SA

Industry

FOOD PRODUCTS

15.060.911

14.154.417

-6,02

235

LAOUDIS BROS SA

Commerce

FOOD TRADING

14.519.319

13.989.214

-3,65

1.481.866

1.175.259

-20,69

3.816.237

399.232

513.882

28,72

4.079.815

236

CHIESI HELLAS SA PHARMACEUTICALS

Commerce

PHARMACEUTICALS - COSMETICS

12.672.383

13.942.531

237

ZTE HELLAS SA

Commerce

ELECTRICAL MATERIALS

13.142.238

13.881.887

10,02

113.313

775.150

584,08

9.156.510

5,63

123.649

600.117

385,34

1.949.668

238

MEGA PLAST SA

Industry

PLASTICS - ELASTICS

12.894.836

239

EZA PROTYPOS HELLENIC BREWERY

Industry

BEVERAGES

10.734.675

13.788.333

6,93

1.017.236

1.041.025

2,34

4.522.290

13.488.191

25,65

-194.519

1.523.680

3.884.599

240

ROKAS CONSTRUCTIONS SA

Industry

ENERGY

14.817.000

241

DAKOS P. SP. SA

Industry

FOOD PRODUCTS

11.126.143

13.438.000

-9,31

11.532.000

11.122.000

-3,56

11.076.000

13.386.629

20,32

524.524

686.839

30,95

2.089.979

242

KOLORA SA

Industry

TEXTILES

243

OHONOS SNACK SA

Industry

FOOD PRODUCTS

10.761.237

13.329.715

23,87

495.373

1.410.269

184,69

1.712.903

11.691.623

13.284.667

13,63

-197

1.271.799

5.403.645

244

TZANIDES S. SA

Commerce

245

ELVIART KALOIDAS SA

Industry

FOOD TRADING

11.563.410

13.195.547

14,11

1.054.620

1.640.072

55,51

2.314.087

FOOD PRODUCTS

12.945.371

13.158.696

1,65

66.757

457.347

585,09

4.012.567

246

GIANNIS SA

247

Industry

FOOD PRODUCTS

12.970.479

13.111.056

1,08

1.056.651

1.265.002

19,72

2.756.412

CRETAN PAPER INDUSTRY SA

Industry

PAPER

10.452.057

12.921.948

23,63

61.434

809.722

1.218,04

1.245.766

248

PATAKIS S. SA

Commerce

FORMS - PAPER - STATIONERY

12.245.097

12.739.443

4,04

512.956

734.732

43,23

6.623.399

249

SEFCO ZEELANDIA SA

Industry

FOOD PRODUCTS

12.611.312

12.674.308

0,50

769.544

811.863

5,50

4.521.530

250

METALOUMIN SA

Industry

METAL PRODUCTS

7.521.956

12.575.649

67,19

472.687

1.395.793

195,29

2.182.058

251

OLYMPIA ELECTRONICS SA

Industry

ELECTRICAL APPLIANCES

12.198.163

12.440.258

1,98

705.830

568.712

-19,43

4.450.761

252

ZARA HOME HELLAS SA

Commerce

CLOTHING - FOOTWEAR

13.845.083

12.391.977

-10,50

525.919

787.417

49,72

7.268.640

253

HELENIC JUICES SA

Industry

BEVERAGES

11.501.132

12.365.501

7,52

847.458

666.315

-21,37

2.549.519

254

VIACAR SA

Commerce

TRANSPORTATION EQ. & SPARE PARTS

11.595.268

12.328.525

6,32

411.966

714.789

73,51

2.730.946

255

IOANNIDES TH. SA

Commerce

METAL PRODUCTS

11.294.676

12.213.899

8,14

1.368.770

1.270.674

-7,17

1.975.071

256

PARTNERS SPECIAL CHEMICAL AND DEVICES SA

Commerce

MACHINES

10.623.551

12.208.492

14,92

930.481

773.114

-16,91

1.396.022

257

DON-POL SA

Industry

PHARMACEUTICALS - DETERGENTS

10.602.105

12.196.226

15,04

505.553

421.105

-16,70

2.521.014

258

VAP P. KOUGIOS SA

Industry

BEVERAGES

11.623.570

12.159.036

4,61

702.795

789.395

12,32

4.027.478

259

FALCON SA

Commerce

FOOD TRADING

10.381.520

11.831.618

13,97

395.617

407.129

2,91

1.652.901

260

PAPADIOCHOS SA

Industry

METAL PRODUCTS

11.136.870

11.762.011

5,61

818.205

1.124.253

37,40

1.749.221

261

ASPRAKIS KOLEGIANNIS SA

Commerce

FOOD TRADING

11.852.479

11.700.243

-1,28

405.363

801.154

97,64

1.831.479

262

SIGANOS SA

Commerce

BEVERAGE TRADING

10.962.377

11.615.083

5,95

570.232

519.827

-8,84

1.855.518

263

AGRIFREDA SA

Industry

FOOD PRODUCTS

10.022.641

11.526.918

15,01

243.559

496.813

103,98

1.810.392

264

DAVLERS Α. SA

Commerce

ELECTRICAL MATERIALS

11.614.398

11.521.122

-0,80

441.905

464.252

5,06

1.774.957

265

NCR (HELLAS) SA

Commerce

INFORMATION TECHNOLOGIES

12.730.104

11.497.009

-9,69

1.722.448

1.633.833

-5,14

3.421.948

266

RELATIONAL TECHNOLOGY SA

Commerce

OFFICE MACHINES

11.394.883

11.409.542

0,13

961.918

833.231

-13,38

4.504.130

267

GRANTEX HELLENIC BRAKES INDUSTRY SA

Industry

TRANSPORTATION

11.172.155

11.389.956

1,95

643.692

750.769

16,63

2.775.592

268

TEKA SYSTEMS SA

Commerce

INFORMATION TECHNOLOGIES

12.012.711

11.262.880

-6,24

1.237.701

1.042.096

-15,80

1.845.556

269

TECHNAVA ANEE SA

Commerce

MACHINES

12.441.533

11.219.519

-9,82

1.156.850

912.259

-21,14

3.496.969

270

DICHEM CHEMICALS SA

Commerce

CHEMICALS

11.757.229

11.174.091

-4,96

990.758

1.047.353

5,71

2.898.431

271

KESIDES BROS SA

Industry

FOOD PRODUCTS

9.059.175

11.167.109

23,27

413.031

475.812

15,20

3.358.413

272

MAN AIR SA

Commerce

MACHINES

3.835.624

10.928.096

184,91

-115.884

463.285

1.009.976

273

TELMACO SA

Commerce

ELECTRICAL MATERIALS

10.872.443

10.792.471

-0,74

-1.734.363

554.057

3.104.103

236

Diamonds

DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES GROSS PROFITS 2012 (€)

GROSS PROFIT CHANGE (%)

OWN CAPITAL 2011 (€)

OWN CAPITAL 2012 (€)

OWN EQUITY CHANGE (%)

DEBT 2011 (€)

DEBT 2012 (€)

DEBT CHANGE (%)

DEBT BURDEN 2011 (€)

DEBT BURDEN 2012 (€)

DEBT BURDEN CHANGE (%)

EQUITY EQUITY YIELD YIELD 2012 (%) 2011 (%)

EQUITY YIELD CHANGE (%)

2.911.098

1,48

5.947.412

7.242.856

21,78

5.013.980

4.432.005

-11,61

45,74

7,52

8,62

14,68

2.432.233

-1,18

4.024.710

4.623.583

14,88

5.940.855

7.868.813

32,45

59,61

62,99

5,66

11,48

8,72

-24,01

6.300.627

2,68

5.240.745

6.456.237

23,19

9.534.454

9.070.947

-4,86

64,53

58,42

-9,47

54,34

40,14

-26,13

3.007.001

11,15

6.749.557

7.055.707

4,54

3.355.473

4.562.594

35,97

33,21

39,27

18,26

16,83

11,24

-33,24

2.983.762

-1,92

1.894.508

2.376.270

25,43

3.988.427

3.369.868

-15,51

67,80

25,25

22,56

-10,65

5.392.356

0,64

2.971.321

3.888.944

30,88

7.092.214

4.170.276

-41,20

70,47

51,75

-26,58

-22,79

23,60

0,00

3.550.230

-6,97

6.127.298

6.750.795

10,18

3.013.130

2.195.950

-27,12

32,96

24,54

-25,54

24,18

17,41

-28,02

3.983.578

-2,36

2.110.998

2.489.770

17,94

7.066.172

5.914.747

-16,29

77,00

70,38

-8,60

18,91

20,64

9,14

9.212.929

0,62

1.159.064

1.560.897

34,67

6.142.236

5.970.415

-2,80

84,13

79,27

-5,77

9,78

49,66

407,97

2.676.538

37,28

366.691

1.618.543

341,39

9.244.389

7.418.053

-19,76

96,18

82,09

-14,65

33,72

37,08

9,96

4.425.525

-2,14

15.160.270

15.909.494

4,94

10.809.407

8.223.071

-23,93

41,62

34,07

-18,14

6,71

6,54

-2,48

4.127.262

6,25

5.106.237

6.491.261

27,12

7.969.586

8.903.205

11,71

60,95

-3,81

23,47

9.459.000

-14,60

34.254.000

35.952.000

4,96

9.961.000

11.051.000

10,94

22,53

23,51

4,36

33,67

30,94

-8,11

2.466.843

18,03

4.522.036

5.067.426

12,06

6.618.348

4.637.756

-29,93

59,41

47,79

-19,56

11,60

13,55

16,85

2.654.917

55,00

21.953.114

25.187.881

14,73

953.150

1.752.778

83,89

4,16

6,51

56,35

2,26

5,60

148,13

6.332.764

17,19

7.460.914

8.229.859

10,31

1.710.520

2.732.711

59,76

18,65

24,93

33,66

15,45

2.911.525

25,82

5.299.929

6.066.308

14,46

3.333.632

2.743.143

-17,71

38,61

31,14

-19,36

19,90

27,04

35,87

4.577.587

14,08

4.442.487

4.781.769

7,64

3.339.300

1.605.377

-51,92

42,91

25,13

-41,43

1,50

9,56

536,48

2.580.853

-6,37

6.439.102

7.277.915

13,03

5.004.202

4.196.740

-16,14

43,73

36,57

-16,36

16,41

17,38

5,92

2.113.211

69,63

7.625.860

8.245.918

8,13

2.520.117

2.775.396

10,13

24,84

25,18

1,38

0,81

9,82

1.118,92

6.607.403

-0,24

16.763.156

16.657.730

-0,63

10.033.034

9.683.023

-3,49

37,44

3,06

4,41

44,11

4.576.346

1,21

6.970.379

7.595.876

8,97

5.909.435

5.604.999

-5,15

45,88

42,46

-7,46

11,04

10,69

-3,19

4.002.105

83,41

5.271.692

6.384.187

21,10

6.949.184

7.962.845

14,59

56,86

55,50

-2,39

8,97

21,86

143,83

4.202.968

-5,57

4.161.260

4.690.454

12,72

10.757.474

8.915.800

-17,12

72,11

65,53

-9,13

16,96

12,12

-28,52

6.965.444

-4,17

3.679.295

3.700.792

0,58

2.536.989

3.094.769

21,99

40,81

45,54

11,59

14,29

21,28

48,85

2.565.243

0,62

5.077.684

5.153.794

1,50

6.031.439

7.024.646

16,47

54,29

57,68

6,24

16,69

12,93

-22,54

3.211.702

17,60

3.040.242

3.471.347

14,18

8.691.964

8.528.927

-1,88

74,09

71,07

-4,07

13,55

20,59

51,96

1.766.618

-10,55

11.949.353

13.365.386

11,85

9.207.038

8.674.029

-5,79

43,52

11,45

9,51

-16,97

1.621.604

16,16

4.777.430

5.298.402

10,90

2.593.929

2.525.087

-2,65

35,19

32,28

-8,28

19,48

14,59

-25,08

2.602.069

3,22

2.784.668

3.109.327

11,66

8.222.659

9.538.234

16,00

74,70

75,42

0,96

18,15

13,54

-25,40

3.920.693

-2,65

15.353.156

16.038.261

4,46

7.359.373

7.115.864

-3,31

32,40

30,73

-5,15

4,58

4,92

7,52

1.960.051

18,58

1.431.924

1.724.331

20,42

6.499.493

7.092.150

9,12

81,95

27,63

22,94

2.032.605

16,20

5.289.731

5.673.565

7,26

5.612.706

5.014.109

-10,67

51,48

46,91

-8,87

15,47

19,82

2.209.552

20,64

2.243.855

3.912.286

74,36

10.653.637

8.348.649

-21,64

82,60

68,09

-17,57

18,07

20,48

13,35

1.911.019

2,99

2.165.437

2.412.970

11,43

4.066.383

2.787.519

-31,45

65,25

53,60

-17,86

26,33

21,54

-18,19

2.300.782

27,09

9.470.112

9.820.057

3,70

3.158.570

3.564.361

12,85

25,01

26,63

6,48

2,57

5,06

96,71

1.904.429

7,29

11.323.885

11.624.456

2,65

6.110.757

4.094.225

-33,00

35,05

3,90

4,00

2,40

Πηγή: STAT-16,96 BANK

28,11

3.453.375

0,92

6.758.648

7.939.179

17,47

3.633.623

3.874.475

6,63

34,96

32,80

-6,20

25,49

20,58

-19,25

4.338.438

-3,68

4.224.877

4.706.595

11,40

5.986.295

5.987.968

0,03

58,62

55,99

-4,49

22,77

17,70

-22,24

2.855.020

2,86

4.335.781

4.275.534

-1,39

5.305.358

5.262.140

-0,81

55,03

55,17

0,26

14,85

17,56

18,28

1.722.065

-6,69

8.351.836

8.338.797

-0,16

2.532.978

2.925.337

15,49

23,27

25,97

11,60

14,82

12,50

-15,67

3.157.954

-9,69

2.786.660

3.599.255

29,16

4.025.856

3.773.975

-6,26

59,09

51,18

-13,39

41,51

25,35

-38,95

2.978.423

2,76

4.231.255

5.104.445

20,64

7.772.210

4.783.274

-38,46

64,75

48,38

-25,29

23,42

20,52

-12,37

3.485.137

3,77

5.699.144

5.938.106

4,19

1.329.850

904.000

-32,02

18,92

13,21

-30,17

7,25

8,01

10,56

1.615.890

59,99

2.457.794

2.893.124

17,71

2.388.123

3.700.134

54,94

49,28

56,12

13,88

-4,71

16,01

4.739.696

52,69

3.197.478

4.055.287

26,83

7.547.218

7.418.251

-1,71

70,24

64,66

-7,95

-54,24

13,66

Diamonds

237

DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES a\a

ENTERPRISE

TYPE

SECTOR

274

MAKRIDAKIS SA

Commerce

FOOD TRADING

10.555.086

275

CHRISTOU SP. SA

Commerce

FOOD TRADING

8.495.233

276

SMYRDEX SA

Industry

NON METALLIC MINERALS

10.557.875

277

KATRADIS MOORING ROPES SA

Industry

TEXTILES

10.590.693

278

KATHERIS SCRAP KRITI SA

Commerce

METAL PRODUCTS

279

TSATSOULIS BROS SA

Industry

FOOD PRODUCTS

280

NIKZAS DAIRY INDUSTRY SA

Industry

FOOD PRODUCTS

10.319.812

281

MITROSILIS SA

Industry

FOOD PRODUCTS

11.652.749

282

KOTRONIS K. SA

Industry

PLASTICS - ELASTICS

9.540.634

10.168.178

283

"ΘΕΟΔΩΡΟΥ ΑΥΤΟΜΑΤΙΣΜΟΙ ΑΒΕΤΕ

Commerce

MACHINES

10.217.478

10.087.429

238

Diamonds

TURNOVER 2011 (€)

TURNOVER 2012 (€)

TURNOVER CHANGE (%)

NET PROFITS 2011 (€)

10.618.166

0,60

534.208

10.585.780

24,61

260.987

10.585.546

0,26

2.570.783

10.516.245

-0,70

776.928

9.052.598

10.501.815

16,01

410.370

10.567.775

10.499.622

-0,64

33.713

10.244.239

-0,73

477.215

10.239.434

-12,13

491.045

6,58

803.228

-1,27

1.395.104

NET PROFITS 2012 (€)

NET PROFITS CHANGE (%)

GROSS PROFIT 2011 (€)

593.967

11,19

1.758.695

817.680

213,30

1.325.023

2.930.454

13,99

4.054.135

701.952

-9,65

2.609.345

441.732

7,64

1.249.934

401.857

1.091,99

1.626.846

757.947

58,83

1.329.174

345.415

-29,66

3.164.697

1.067.930

32,95

2.252.222

1.006.692

-27,84

4.635.969

DIAMONDS OF THE GREEK ECONOMY 2014 THE MOST ADMIRED ENTERPRISES GROSS PROFITS 2012 (€)

GROSS PROFIT CHANGE (%)

OWN CAPITAL 2011 (€)

OWN CAPITAL 2012 (€)

OWN EQUITY CHANGE (%)

DEBT 2011 (€)

DEBT 2012 (€)

DEBT CHANGE (%)

DEBT BURDEN 2011 (€)

DEBT BURDEN 2012 (€)

DEBT BURDEN CHANGE (%)

EQUITY EQUITY YIELD YIELD 2012 (%) 2011 (%)

EQUITY YIELD CHANGE (%)

1.841.047

4,68

1.771.859

2.234.932

26,13

4.748.336

2.916.240

-38,58

72,83

56,61

-22,26

30,15

26,58

-11,85

1.793.030

35,32

1.117.388

2.009.220

79,81

3.798.072

4.159.209

9,51

77,27

67,43

-12,74

23,36

40,70

74,24

4.404.858

8,65

9.674.730

12.110.537

25,18

3.249.545

1.080.690

-66,74

25,14

8,19

-67,42

26,57

24,20

-8,94

2.692.984

3,21

6.213.982

6.636.325

6,80

6.411.764

7.234.474

12,83

50,78

52,16

2,70

12,50

10,58

-15,40

1.553.012

24,25

2.792.110

3.111.352

11,43

3.402.205

3.319.810

-2,42

54,92

51,62

-6,02

14,70

14,20

-3,40

1.963.013

20,66

6.210.618

6.703.378

7,93

8.232.636

8.527.068

3,58

57,00

55,99

-1,78

0,54

5,99

1.004,37

1.559.922

17,36

2.889.562

3.408.054

17,94

7.639.037

6.875.754

-9,99

72,56

66,86

-7,85

16,52

22,24

34,66

2.359.954

-25,43

5.374.084

4.546.622

-15,40

1.368.570

1.775.528

29,74

20,30

28,08

38,37

9,14

7,60

-16,86

2.691.018

19,48

5.831.566

6.410.890

9,93

5.748.773

4.760.049

-17,20

49,64

42,61

-14,16

13,77

16,66

20,94

4.383.034

-5,46

10.596.628

11.747.656

10,86

3.468.612

3.865.181

11,43

24,66

24,76

0,39

13,17

8,57

-34,91

Diamonds

239

240

Diamonds

inGreece M D MOST A

IR E

2014

The most admired enterprises

IS ES

of the Greek Economy 2014

D ENTERP