DIAMONDS D I A M O N D S o f t h e G re e k Eco n o my 2 0 1 8
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DIAMONDS OF THE GREEK ECONOMY
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DIAMONDS OF THE GREEK ECONOMY
2018
Editorial
Four challenges for Greece’s economy
By Spyros Ktenas
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In spite of the dramatic losses suffered by the business world during the period of Greece’s prolonged economic downturn, the financial results of a vast sample of 10,000 businesses reveal the strengths and effective operation of a hard business core. According to the findings of the New Times annual survey, the majority of these companies have managed to remain profitable, while the number of loss-making companies appears to be declining. At the same time, the outward-looking enterprises in the country are improving their performance, while sectors such as tourism continue to boost the economy’s recovery effort. Below, the four challenges facing Greece’s economy are listed: 1. W hile awaiting for a conclusion of and an exit from the financial assistance programme (in August 2018), the Greek economy is in fact faced with a quantitative challenge: it is required to cover an investment gap of approximately 100 billion euros. As far as investment is concerned, Greece’s economy has a long way to go, considering that investment plunged from 60 billion euros in 2007 to 22 billion euros in 2017. Should the Greek economy seek to catch up with the European Union average, it would have to achieve an annual investment growth by 15%, so that in 5 years’ time it could fill the gap and reach 45 billion euros, which corresponds to 20% of GDP, i.e. the European average. 2. G reece’s economy also faces a second qualitative challenge: Investments must be directed towards the economy’s productive sectors, especially the industry. If Greece wishes to converge with other European partners, it must increase its industry share to 12% of GDP by 2020 and to 15% in the medium-term, namely the EU average. This convergence can directly and indirectly create 550,000 new, good and stable jobs. 3. The third challenge is obvious but crucial: the creation of a friendly investment environment, dominated by more favourable tax regime and a reduction in bureaucratic obstacles. 4. The biggest challenge, however, regards the Greek economy’s convergence with the EU average in the effort of digital transformation. Digital transformation is a survival requirement for modern economies. Countries with surpluses in adopting and implementing digital technologies are the protagonists of today and tomorrow. They offer better living conditions for their citizens and facilitate business for investors. Should the Greek economy succeeded in moving to the digital economy and managed to attract new investment, it could in just a few years find itself on an equal position with the mature EU markets.
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DIAMONDS OF THE GREEK ECONOMY
2018
Diamonds index CONTENTS Editorial: 6 Spyros A. Ktenas 12 Contributions 88 Financial results of the most profitable businesses for 2016 124 Diamonds 321 Distinguished companies 370 Financial results of the most profitable businesses in 2010 and 2016
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AB VASSILOPOULOS 142 ACS S.A. 220 AEGEAN AIRLINES S.A. 153 AENORASIS S.A. 296 AFFIDEA 350 ALMPANTAKIS S.A. - CRETAN MILL 369 ALPHA BANK S.A. 138 ATHENIAN BREWERY 204 ATHENS EYE HOSPITAL 334 ATHENS INTERNATIONAL AIRPORT “ELEFTHERIOS VENIZELOS” 130 ATHENS MEGARON (THE) 340 ATHENS WATER SUPPLY AND SEWERAGE COMPANY (EYDAP S.A.) 159 ATLAS TAPES S.A. 286 ATTICA DEPARTMENT STORES S.A. 213 ATTICA TOLLWAY S.A. 144 ATTIKI NATURAL GAS DISTRIBUTION S.A. 196 AUTOHELLAS S.A. (HERTZ) 179 BARBAYANNIS LIQUOR DISTILLERIES LTD 360 BARILLA HELLAS S.A. 260 BIC VIOLEX S.A. 160 BOEHRINGER INGELHEIM HELLAS S.A. 331 BP OIL HELLENIC S.A. 190 CABLEL HELLENIC CABLES 328 CENTRAL CLINIC OF ATHENS S.A. 354 CHATZILAZAROU I. S.A. 279 CHIPITA S.A. 164 CHITOS S.A. - ZAGORI 292 COCA-COLA HBC LTD 183 COOPER PHARMACEUTICALS S.A. 250 CORAL S.A. (EX SHELL HELLAS S.A.) 177 CORINTH PIPEWORKS 202 D. KORONAKIS S.A. 210 DEMO S.A. 188
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DESFA S.A. 154 DIAMANTIS MASOUTIS S.A. 162 DODONI S.A. 270 DOW HELLAS S.A. 193 E.J. PAPADOPOULOS S.A. 223 ELAIS - UNILEVER HELLAS S.A. 238 ELINOIL S.A. 280 ELPEN 227 ELVAL 172 ELVALHALCOR 324 ELVIAL S.A. 288 ELVIDA FOODS S.A. 352 ENERGEAN 136 EPIROTIC BOTTLING INDUSTRY (VIKOS) S.A. 198 EPSA S.A. 353 ETHNIKI, HELLENIC GENERAL INSURANCE CO. S.A. 150 EURIMAC S.A. 251 EUROCERT 367 EUROCLINIC GROUP 344 EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A. 182 EZA S.A. 300 F.H.L. I. KIRIAKIDIS MARBLES & GRANITES S.A. 167 FIBRAN D. ANASTASIADIS S.A. 253 FITCO S.A. 330 FLEXOPACK S.A. 236 FLORIDIS S.A. 295 GAIAOSE S.A. 228 GENESIS PHARMA S.A. 219 GIZELIS ROBOTICS 358 GOLDAIR HANDLING S.A. 284 GREEK ORGANIZATIONOF FOOTBALL PROGNOSTICS (OPAP) SA 128 GREEK WINE CELLARS S.A. 347 GREGORY’S MICROMEALS – GEORGATOS S.A. 255
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GRIVALIA PROPERTIES REIC 169 HALCOR 322 HELLENIC DUTY FREE SHOPS S.A. 158 HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR S.A. 201 HELLENIC PETROLEUM S.A. 124 HEWLETT PACKARD HELLAS LTD 259 HOTEL GRANDE BRETAGNE 266 I. & S. SKLAVENITIS S.A. 156 IAPONIKI S.A. 294 IKTINOS HELLAS S.A. 314 INDEPENDENT POWER TRANSMISSION OPERATOR (IPTO) S.A. 152 INTERCOMM FOODS S.A. 215 INTERMED S.A. 302 INTRALOT S.A. 226 ION S.A. 287 J.K.ANASTASOPOULOS & SON O.E 366 JANSSEN PHARMACEUTICAL S.A.CI 261 JOHNSON & JOHNSON HELLAS S.A. 248 JUMBO S.A. 140 KAFEA TERRA 283 KARATZIS S.A. 218 KARELIA TOBACCO COMPANY INC 146 KENTRIKI ODOS S.A. 186 KONSTANTOPOULOS S.A. – “OLYMP” 275 KRI KRI S.A. 237 L’OREAL HELLAS S.A. 191 LARSINOS S.A. 214 LEASEPLAN HELLAS S.A. 200 LG ELECTRONICS 337 LIONPHARMA S.A. 316 LOUX MARLAFEKAS S.A. 297 LUXURY TRAVEL DMC GREECE 342 MEDICARE HELLAS S.A. 364
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DIAMONDS OF THE GREEK ECONOMY
2018
Diamonds index MEDOCHEMIE HELLAS 357 MEGA DISPOSABLES S.A. 282 MEGAPLAST S.A. 290 MEGARA RESINS S.A. 272 MELISSA KIKIZAS FOOD PRODUCTS S.A. 268 MERCEDES-BENZ HELLAS S.A. 241 METRO S.A. 212 MEVGAL S.A. 346 MINOAN LINES S.A. 181 MITSIS HOTELS 338 MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. 126 MP PHARMA S.A. 312 NBG PANGAEA REIC 148 NEPA ECONOMIC CONSULTING 362 NESTLÉ HELLAS S.A. 271 NIREUS AQUACULTURE S.A. 256 NITSIAKOS S.A. 240 NOVARTIS HELLAS S.A.CI 205 OLYMPIC S.A. (AVIS) 185 OPTIMA S.A. 222 OTE GROUP 134 PALIRRIA S.A. 265 PAPASTRATOS S.A. 170 PAVLIDIS MARBLE GRANITE S.A. 163 PEI.FA.SYN. GROUP 310 PENTE S.A. 165 PET CITY S.A. 289 PFIZER HELLAS S.A. 211 PHARMABELLE 361 PHARMACIST’S SUPPLYING COOPERATIVE OF ATTICA (PRO.SY.F.A.P.E.) 306 PHARMATHEN S.A. 208
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PIRAEUS CONTAINER TERMINAL S.A. 161 PIRAEUS PORT AUTHORITY S.A. 217 PLAISIO COMPUTERS S.A. 254 POWER HEALTH HELLAS S.A. 298 PUBLIC POWER CORPORATION S.A. 132 ROLEX HELLAS S.A. 246 SANI RESORT 336 SANOFI 307 SARANTIS GROUP 192 SARMED S.A. 348 SELONDA AQUACULTURE S.A. 209 SERVICE 800 TELEPERFORMANCE S.A. 168 SIDENOR, STOMANA INDUSTRY AND THEIR SUBSIDIARIES 326 SKAG 356 SYSTEMS SUNLIGHT S.A. 277 TEKAL S.A. 175 TEMES S.A. 184 TERNA ENERGY S.A. 187 THESSALONIKI GAS DISTRIBUTION COMPANY S.A. 166 THESSALONIKI PORT AUTHORITY S.A. 180 THESSALONIKI WATER SUPPLY & SEWERAGE CO. S.A. 178 TITAN CEMENT CO. S.A. 176 UNI-PHARMA KLEON TSETIS PHARMACEUTICAL LABORATORIES SA 318 VIANEX S.A. 206 VIORYL S.A. 308 VITEX S.A. 304 VLACHAKIS EGGS 368 WIND HELLAS 332 ZANCOU SHOES S.A. 269 ΥΙOTIS S.A. 276
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DIAMONDS OF THE GREEK ECONOMY
2018
Nikos Pappas Minister of Digital Policy, Telecommunications and Information
The state and the private sector can help the country as a whole, especially at a time when it turns the page. I 12 I
Bringing tomorrow today for the country’s businesses Digital technologies are transforming the world economy at a rapid pace, creating a new model of economic growth. Greece is part of the new era. With the National Digital Strategy (2016-2021) as a road map, we, as the Ministry of Digital Policy, Telecommunications and Information, unlock the prospects for the growth of the Greek economy, shape a coherent framework of actions and proceed rapidly to the country’s digital transformation. We are focusing on a smooth transition to the new digital age, which for us owes to and ultimately guarantees a fair, equal and effective access by all to the benefits of the Fourth Industrial Revolution. Our big bet is to boost broadband penetration into Greek society and businesses. Despite the fact that Greece is lagging behind EU countries, we are now developing modern and reliable new generation networks (NGA). With a budget of €700 million, we are implementing actions such as: • Super Fast Broadband to subsidize the connection of thousands of households and businesses to ultra high speed internet (100 Mbps with instant upgrade to 1Gbps). • Rural Broadband, awarded by the European Commission and completed for more than 8,000 regions, to cover even the most remote areas of the country with a new modern network. • Ultra Fast Broadband to cover any gaps left in the country. Digital services such as e-commerce, e-banking, e-government, e-health and education will run on these new networks. At the same time, as a state, we are launching
actions which are also aimed at the digital upgrading of the country’s businesses. These actions include the Digital General Business Register (e-GEMI), e-invoice and the Single Digital Portal. With e-GEMI we will automate the provision of supporting documents through web services and the deposit of balance sheets with digital signatures. To this end, we will provide 130,000 free digital signatures to businesses that submit balance sheets electronically. With e-invoice, we promote the appropriate solutions for the exchange of e-invoicing between the private sector and the Government (B2G), with the possibility of extending to all private transactions (B2B). We are also in the planning phase of the “Single Digital Gateway”, which will bring together all the state services provided at one point, acting as a onestop shop for businesses and citizens. The Gateway will be based on the interoperability of registers, communications security, while the necessary supporting documents will be downloaded online, with real-time cross-checking. These interventions and many more, as well as those that digitize the State, bring multiple benefits to the economy: Reducing casework times, faster payment cycle, transparency, better liquidity management, tackling tax evasion, etc. The state and the private sector can help the country as a whole, especially at a time when it turns the page. They can jointly develop the “sector of sectors” of these new technologies for the benefit of all. The goal remains common: To bring Tomorrow Today for All.
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DIAMONDS OF THE GREEK ECONOMY
2018
Kostis Hatzidakis MP and Vice-President of the New Democracy party
It is up to Greece to succeed Greece possesses a vast array of competitive advantages that are capable of driving growth and helping the country enter a path of prosperity. These advantages can be found in more traditional sectors such as tourism -where the potential exists for offering a much wider range of services- but also in more advanced sectors such as pharmaceuticals. In order to unleash this untapped potential it is necessary to implement specific policy initiatives. This includes providing a stable tax regime, which much also include incentives for investment. It also includes dealing decisively with the problem of non-performing loans, in order to allow banks to restore the levels of liquidity that the market needs. Furthermore, privatizations and public-private partnerships must be promoted, leading to investments, new jobs and know-how spillovers in the Greek economy. It is also imperative to promote reforms in different policy areas such as the judiciary system in order to speed up processes, the public sector in order to increase efficiency and the quality of services provided, as well as education, where Greece has the potential –thanks to its history, quality academic workforce and geographic location- to become an international centre, attracting university students from all around the world. It is up to us to help our country make the most out of its competitive advantages. It is up to us to be decisive in promoting initiatives of the type I have outlined above. There are no limits to what the Greek economy can achieve given the right circumstances. In this endeavor we cannot afford to fail. It is up to us to succeed, and I firmly believe that we will do so.
It is up to us to help our country make the most out of its competitive advantages I 14 I
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DIAMONDS OF THE GREEK ECONOMY
2018
Konstantinos Bitsios Executive Vice-President SEV Hellenic Federation of Enterprises
Our goal is for the industrial sector to account for 12% of the GDP by 2020, and 15% in the mediumterm. I 16 I
Setting more ambitious targets for Greek economic growth The conclusion of Greece’s fiscal adjustment program in August 2018 marks the dawn of a new era. This is a positive development; however, in itself, it is not a sufficient condition for Greece to return to normalcy. Exiting the Memoranda of Understanding (loan agreement) does not equal an exit from the financial crisis. Greece has undertaken to implement painful commitments for many years to come. We must continue to attain a primary surplus of 3.5% of the GDP each and every year until 2022, and a minimum primary surplus of close to 2% of the GDP every year thereafter. Such excessive surpluses are attained through excessive taxation, cutting public investment, and nonpayment of State arrears to businesses and individuals. As a result, the economy is “drying up” and floundering, suffering from a weak growth rate. In order to break the vicious cycle of “measures leading to deficits, leading to more measures,” we need to increase the size of the pie that represents the economy. In other words, we need to be much more ambitious in setting objectives with regard to the growth of Greece’s economy. According to data in the Medium-term Fiscal Strategy Framework published a few days ago, the Greek economy is expected to grow at an annual rate of 2.2%, on average, over the five-year period 20182022. But why only 2.2%, though? Given the fact that, in just a decade, the Greek GDP shrank by 25%, this target is nowhere near sufficient for the economy to take off. If we really aspire to unleash the economy’s potential, to make the pie larger, and to create quality jobs, we need a growth model that focuses on investment: investments that will be directed to outward looking sectors, to high productivity sectors; to produce for export and, at the same time, to compete with imports on the domestic market. Import substitution must represent an aim for production in Greece. Yet, an essential prerequisite for the country to emerge from the mire is, first and foremost, political stability, as well as for political forces to agree on the main premises related to Greece’s prospects for growth. Another key requirement is fostering a business-friendly environment to attract much needed investment. SEV has organised four conferences in recent months: digital transformation of enterprises, the future of labour, small- and medium-sized enterprises and the toolkit for investment acceleration. All these issues are inextricably linked with the recovery of industrial activity in the country; with the production processes, human resources, growth of enterprises, incentives and policies to encourage industrial investment. The road to recovery necessarily transects Industry,
and Industry requires investments. So, what are the challenges we are confronted with? The first challenge is a quantitative one: we must fill a €100 billion investment gap. Investment in Greece dropped to €22 billion in 2017 from €60 billion in 2007 – i.e. from 26% to 13% as a share of the GDP. The goal proclaimed by SEV is to reach the European Union average by more than doubling investment. This would require increasing investments by 15% per annum, which would allow Greece to narrow the gap in the next four to five years, and to eventually reach €45 billion and attain the EU average of 20% as a share of the GDP. Yet, another challenge lies ahead, which is a qualitative one: We also need the right investment mix so as not to repeat mistakes of the past. Investment should be directed toward the economy’s productive sectors, Industry in particular. Our goal is for the industrial sector to account for 12% of the GDP by 2020, and 15% in the medium term. The EU average stands at 15%. Converging with the EU average can lead to the creation, directly and indirectly, of up to 550,000 new, stable, quality jobs, which would in turn have a substantial economic and social impact. This requires a new growth paradigm. The third challenge is obvious, but crucially important: fostering an investment-friendly environment. SEV’s conference on investment outlined 35 actions. The main proposals relating to industry include the following: - informal industrial clusters should become business parks that offer all the usual incentives which are part of any industrial park. - to expedite the complete special spatial planning for Industry – digitisation all geo-spatial data, such as land use, Forest Service and Archaeology Authority requirements, so that the investor knows which activities are permitted and where, for each region in Greece. - to speed up the establishment and operation of licensing procedures. It is high time licensing really became a one-stop-shop. - to simplify the granting of environmental permits. - to liberalise the energy market in a way that does not jeopardise competitiveness of energy intensive industries. Returning to normalcy and restoring trust are also crucially important for economic growth. Still, even if we were to accomplish the above, I’m afraid all this would still not be enough. What is really at stake, for our country, is for Greece to come out onto the world’s markets having adopted a modern, ambitious, and dynamic attitude. Finally, all this requires consistent implementation of commitments, both on the part of Greece as well as on the part of its creditors and partners.
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DIAMONDS OF THE GREEK ECONOMY
2018
Tea Antoniou Member of BoD of The Hellenic Production
A strong manufacturing industry to exit the crisis and ensure sustainable growth Contrary to the prevailing misconception, a globally competitive industrial sector CAN thrive in Greece. Historically, the manufacturing industry has been the catalyst for the country’s modernization, its integration in the developed world and the improvement in citizens’ living standards. During the financial crisis and against all odds, many small and larger companies showed resilience and managed not only to survive but also to innovate, grow and expand into new export markets. With a long-standing tradition of inventive entrepreneurship, Greece possesses a highly skilled and talented human capital, as well as a privileged geographical location and valuable natural resources. It is time for Greece to move forward and build an open and competitive economy based on creation, innovation and production of high value added tradable goods. A medium-term industrial policy is an urgent first step within a longerterm strategy aiming at meeting the European average with regard to industrial output. In this context, the “HELLENIC PRODUCTION”, in cooperation with the Hellenic Federation of Enterprises (SEV), and 24 regional and sectorial manufacturing associations issued a joint declaration inviting all stakeholders to agree on a national target to raise the share of manufacturing to 12% of the country’s GDP by 2020 (from today’s 8.6%) and to 15% in the medium-term.
The adoption of a national target for the industry is the starting point of an industrial competitiveness strategy I 18 I
The adoption of a national target for the industry is the starting point of an industrial competitiveness strategy with specific national and regional policies and measures, specifying, quantifying and supporting the convergence to the European average. These should also be a main and integral part of the national Growth Strategy, which aims to shape the future path of the Greek economy.
The “HELLENIC PRODUCTION – Industry Roundtable for Growth” is a joint initiative by smaller and larger manufacturing companies and the country’s main regional manufacturing associations, which aims to: Highlight and strengthen the role of the industrial and manufacturing sector in the Greek economy as a prerequisite for growth and a sustainable way out of the crisis. Promote the adoption and implementation in Greece of the European Strategy for a “European Industrial Renaissance” (raising the contribution of manufacturing from 15% to 20% of European GDP by 2020). OUR GOALS To raise the awareness of all stakeholders on the importance of the manufacturing industry as a key driver for growth and competitiveness, job creation, and a sustainable recovery of the Greek economy. To foster a business environment and policies supporting a transition to a new growth model based on a stronger and more competitive industrial sector. To combat and reverse obsolete perceptions, such as “Greece is unsuitable for industrial production” or “Greece produces only low value-added goods”. To promote and further develop interactions between the manufacturing industry and other sectors of the economy towards enhancing competitive production across all value-chains.
OUR VISION The transition from a growth model that relies on debt-fueled consumption and imports, to a new paradigm based on creation, innovation, production and exports. This requires the emergence of a modern and competitive industrial sector of smalland large-scale companies, as a driving force for sustainable and inclusive growth and higher levels of national income and social welfare. From 12 founding members, HELLENIC PRODUCTION quickly grew to 55 members during the first year of operation. Among our members are the main Regional Manufacturing Associations of Greece (Attica & Piraeus, Northern Greece, Thessaly & Central Greece and Peloponnese & Western Greece). Member companies come from a wide range of industrial sectors such as mining, pharma, cement, metal processing, paper and packaging, chemicals, food & beverages, defense, textile manufacturing, etc. These are local and multinational companies of all sizes, with a production base in Greece (and units abroad for some of them), contributing to a variety of value-chains, investing and providing quality jobs locally and exporting to more than two hundred destinations worldwide.
For a creative, innovative and productive Greece
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DIAMONDS OF THE GREEK ECONOMY
2018
Mr Athanassios Savvakis President of the Federation of Industries of Northern Greece
In order to facilitate the emergence of “Diamonds”, we have to make the domestic business environment more appealing I 20 I
A solid industrial policy as a prerequisite for investments Today when there is talk about growth and development in Greece, it always comes down to the need for making investments that leverage the production capacity of our country. The question that comes up is a simple one: are there any opportunities for investments in our country? In other words, are there any “hidden diamonds” to be uncovered in the Greek economy? The answer for us, the Federation of Industries of Northern Greece, is easy: investment opportunities have always been available in our country. It is for this reason that we showcase our “Diamonds” to the world, proving that we, the Greek Enterprises, can deliver. And it is for this reason that we, the Federation of Industries of Northern Greece, insist on the adoption of a new, investment-friendly industrial policy. The attraction and realization of investments in our country is a complex issue, due to the nature of our comparative advantages, which are non-tangible. These advantages are based on our credibility and our advanced business sophistication. Our major asset is our credibility. This stems from our long-standing activity in the global market which, in terms of results, has proved successful. It is important to note that we are leaders in specific markets worldwide and we have had many successful common ventures with global leaders. Furthermore, the resilience that the Greek manufacturing enterprises have
shown through the crisis is further proof of our advanced business sophistication, in spite of the manufacturing sector’s moderate technological profile in our country. These two points take on even more significance due to the fact that Greek enterprises achieve these results despite the lack of support, which cannot continue. The main challenge we face is not only to sustain these results, but to create the conditions for leveraging the overall competitiveness of Greece. In order to facilitate the emergence of “Diamonds”, we have to make the domestic business environment more appealing. This is our job. And in order to achieve this, we have to promote an integrated approach towards the productive reconstruction of Greece. This can be achieved only through the adoption of a new industrial policy. It is exactly the lack of an industrial policy in our country that makes it is so hard for Greece to come out of the crisis. The adoption of an industrial policy will reverse the effects of anti-growth measures that have been adopted so far, putting high pressure on private ventures. Greece today possess all the necessary pre-conditions to adopt an industrial policy, having as its key features: a sector-wise approach, outward-looking orientation, leverage of our industrial innovation capacity, and capitalization on the benefits of the highlyskilled human resources.
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DIAMONDS OF THE GREEK ECONOMY
2018
Olympios Papadimitriou SFEE President
Expenditure should not be just linked to GDP but also to the primary surplus. I 22 I
Reforms with a plan and a vision are the only way forward for sustainable growth The pharmaceutical industry, globally and in Greece, is characterized by high investment in research and by innovation in treatment practices. A major challenge for the industry is how to bring new treatments in Greece and make them accessible to patients, while ensuring the sustainability of the Health Care System and the pharmaceutical companies that support it. Equally important but also challenging is our goal to support the Greek pharmaceutical industry and reinforce its competitiveness and extroversion. People outside the Health Sector might consider these goals as easily achievable; however the reality is totally different. We operate currently under a regime of predefined closed-end budgets that are far from the Greek healthcare reality, excessive taxation and within a totally unpredictable business environment. Insistence on unbearable burdens further exacerbates the lack of predictability, and leads us to disinvestment. Any planning, even for the medium term, has effectively become impossible. The closed-end budget of €2.5 billion (for EOPYY and hospitals) has proved to be insufficient, both in practice but also by evaluating the factors that should define the public pharma expenditure that should not simply be linked to GDP. , Thus, without any limit the excess and uncontrollable expenditure is simply passed to pharma companies! Through rebates and claw-backs the sector returned about €1.2 billion last year and, judging from the exorbitant rise in expenditure for the first quarter of 2018, this amount will be surpassed this year. The
consequences for entrepreneurship and employment are tragic. It is not only the pharmaceutical industry that suffers; Greek patients suffer too. Access to new treatments is threatened, while patient co-payment is not used rationally leading to extraordinary situations. Pharmaceutical companies cannot continue, covering almost onethird of pharmaceutical spending through rebates and claw-backs, substituting for the role of the state.. The occasion of the country’s exit from the MoUs in August, requires to leave behind the “easy” to apply, across-the board solutions that have been opted for as a way to deal both with irrationalities and with the fiscal constraints imposed on the area of healthcare as a result of the crisis. Clear priorities should now be set: A clear commitment to the absolute amount of pharmaceutical expenditure of EOPYY and hospitals. Expenditure should not be just linked to GDP but also to the primary surplus. Establishing a maximum, and gradually diminishing, amount of claw-back, or sharing the responsibility for its payment with the state, and eventually its abolition. Prompt establishment of a special outlay for uninsured persons, which would come from the welfare budget. Exclusion of vaccines from public pharmaceutical expenditure, as they relate to prevention, not treatment. Coverage of special hospital medicines with inelastic demand (such as blood derivatives and medicines targeting rare diseases) from an additional outlay.
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Attiki Natural Gas Distribution Network Natural gas distribution network in Attica extends to 3,400 km (medium / low pressure network), supplies 65 municipalities in Attica, lists 70,000 deliveries to 110,000 delivery points (meters) serving 6,500 professionals, 200 industrial customers buildings / facilities) and finally reaches 350,000 end customers (consumers).
https://edaattikis.gr I 23 I
DIAMONDS OF THE GREEK ECONOMY
2018
Dr. Giorgos Konstantopoulos President of SEVE’s
if we want to reinforce extroversion and create a stable political and economic environment, we have to take advantage of our competitive advantages I 24 I
Strengthening openness to international trade and domestic competitiveness has never been more important 2018 is a landmark year for the Greek economy, as Greece is expected to exit the 3rd Financial Assistance Programme in August. Strengthening openness to international trade and domestic competitiveness has never been more important. The global landscape continues to evolve. In order to achieve a sustainable economic growth, crucial institutional reforms have to be made emphasizing on enhancing extroversion. In January to March 2018, exports of goods stood at €7.8bn compared with €6.9bn in January to March 2017, up 13.6%, whereas imports showed a drop of 1.7% on a yearly basis, resulting in a decrease of the trade balance of Greece by 17%. The improvement in the trade balance should be our priority, if we want to move on from an economy of recession to an economy of recovery and gradually to an economy of growth. However, in 2017 imports rose by €6.1bn and as a result our trade balance recorded a deficit of €21.4bn. At SEVE (Greek International Business Association), we strongly believe that there are 4+1 main pillars that our economy must rely on. The first one is tourism, in all its forms. The second pillar of development is the agrofood sector, in which Greece has a great competitive advantage. Greek agricultural products are characterized by high quality, taste and nutritional value. This is our comparative advantage and there is a certain potential to exploit it further, creating added value through exporting more standardized and certified goods, instead of bulk. Thirdly, we must take advantage of the
logistics sector and the high added value logistics services. Global trade today takes place between Far East and the Western world. The production of raw materials and industrial and consumer goods is made in the East and consumption in Europe and the US. Global trade from the East to Europe passes through Greece. This is the big opportunity for our region, especially after the privatization of the Thessaloniki Port Authority which can reshape our recent economic history. Thessaloniki is well situated for becoming a hub and a transit center, where value added services can take place like assembling and production of final goods from raw or intermediate materials. Moreover, in order to become a modern logistics center we have to improve our rail transport networks. The fourth pillar is our highly skilled and educated workforce, which creates the added value that we want our products to have. However, it is vital to create a stable taxation framework which doesn’t take away from the employees 60%-70% of their salary. And the last pillar is the fact that we are on an energy crossroad, which has a great geostrategic importance. In conclusion, if we want to reinforce extroversion and create a stable political and economic environment, we have to take advantage of our competitive advantages and tackle the problems which exporters face for many years. Exports increase, but in order to continue improving, we must create a business framework with financial stability and safety in economic transactions, combined with a liquidity injection.
I 25 I
DIAMONDS OF THE GREEK ECONOMY
2018
Constantinos Michalos President of Athens Chamber of Commerce and Industry
Achieving the desired GDP growth rate will –according to various studies– require investments of approximately 40 billion euros per year I 26 I
The next day for the Greek economy The successful completion of the third assistance programme in August 2018 marks the end of a long period of economic adjustment for Greece. The next day, however, holds a series of major challenges. In order to return to the markets and access funding on sustainable terms, Greece will have to convince investors about the reliability and prospects of its economy: about the implementation of a responsible fiscal policy, and the continuation of structural reforms. Moreover, despite the fact that the Greek economy is back on track, its growth is not yet what it should be to repair the damage caused by the crisis. In order to restore normality, to enhance investor confidence, and bring about marked improvements in the financial situation of both households and enterprises, the economy needs to grow at high rates of almost 3% to 4% annually, for the next five years. Both the data for the year 2017 and the estimates for the year 2018 suggest that we are still far from achieving this goal. Achieving the desired GDP growth rate will –according to various studies– require investments of approximately 40 billion euros per year. Given that average annual funding currently stands at almost 20 billion euros, there is a huge investment deficit, which will have to be covered by attracting fresh capital from Greece and abroad. A key obstacle to this effort is the domestic banking system’s difficulty in providing adequate funding for investment activity, as a result of the turbulence caused by the crisis. Furthermore, certain long-term weaknesses of the Greek economy still act as impediments to its growth, such as the lack of
consistency in policy implementation; the entrepreneurship-hostile, complex, and unstable tax regime; the lack of a clear regulatory framework for investment; the red tape and inefficiency of the public sector, the inability to innovate. All these problems need to be effectively dealt with. Priority should be given to improving the financing environment for businesses, through the effective implementation of the framework for the management of non-performing loans. At the same time, though, bold measures and reforms are needed for upgrading the administrative and institutional environment, especially in regard to investment. It is also necessary to implement a consistent industrial, tourist, and energy policy, designed to strengthen dynamic sectors, offer incentives for investment in innovation, support small and medium-sized enterprises, utilise NSRF programmes, and develop flexible financing tools. Equally crucial is the closer interconnection of tertiary education with the market, along with substantial investment on vocational education, training, and re-training. Finally, a key prerequisite for speeding up growth is the revision of tax policy through the adoption of a steady regime, which will feature competitive tax rates and lower social security contributions, with the aim of boosting investment and employment. The end of the adjustment programmes that began eight years ago is a symbolic landmark for Greece. Now is the time to establish the appropriate conditions for it to become the starting point for a new course of fast and sustainable growth for the Greek economy.
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DIAMONDS OF THE GREEK ECONOMY
2018
Mr. Dimitris Mathios President, Federation of Attica and Piraeus Industries (SVAP)
For Greece, the challenge of the 4th Industrial Revolution is the opportunity to open up our industry focusing on innovation, research and technology I 28 I
4th Industrial Revolution: SVAP took the first step The 4th Industrial Revolution can and should be for Greece the threshold for its re-industrialization. It should be a starting point for a new industrial generation with two goals: The further linking of secondary production to technology and innovation; and, the inclusion of industry again in the role of the economic locomotive as the largest employer and the competent sector to increase its share of GDP from today’s 8.5% to at least 12%. We, at SVAP, believe in this and we have taken the first step to translate it into action. We unveiled the 4th Industrial Revolution as a central theme at this year’s Annual Regular General Assembly of our members, and we gave the first political consensus in the direction we set ourselves as representing the industry. Deputy Minister of Economy and Development, Mr. Alexis Charitsis, announced government interventions at four levels for the country’s transition to the 4th Industrial Revolution. This transition, as he pointed out, should be towards a new era where all the individual systems in the industrial plants and production lines are interconnected and communicating with each other, with a central role in this process to occupy the element of interoperability. Also, representing the main opposition New Democracy party, deputy shadow minister of Economy and Development, Mr. Christos Dimas, acknowledged that the measures announced by the
Government in response to the 4th Industrial Revolution are in the right direction, stressing “transition to a digital state is a self-evident priority for New Democracy as we believe that Greece must adopt a new framework of policies that will lead us to the fourth industrial revolution”. What do we support as SVAP? That the 4th industrial revolution for Greece, besides a challenge, is also an opportunity to fill the big gaps in the decade-long policy of further industrial development in Greece. First, we should stop wasting our young people (brain drain) by leaving our borders and our policies open, giving to other countries the opportunity to make use of them. Second, we should stop wasting time at the expense of de-industrialization. This is because all the young people should have a place in the industry, technology, innovation and production in general. It is sufficient to link their skills to production. For Greece, the challenge of the 4th Industrial Revolution is the opportunity to open up our industry focusing on innovation, research and technology. And with the results of any effort, to unite our forces for the Europe of the future, so that we can all move together in Europe by linking our policies also to the society. Re-industrialization is a condition for survival and growth in Greece. We must not allow a path to economic and demographic decline or technological marginalization. We ought to avoid this.
I 29 I
DIAMONDS OF THE GREEK ECONOMY
2018
Evangelos Kaloussis President SEVT
The Greek Food Industry is presen when research, technology and innovation meet and takes advantage of the new findings … I 30 I
The Greek Food Industry in front of new challenges The Greek Food & Drink Industry is the leading industrial sector in Greece & a fundamental pillar of the Greek economy. With a turnover of €14.2 billion, it currently accounts for 25% of manufacturing and 4% of the country’s GDP. It employs more than 360,000 direct and indirect employees, while 1200 enterprises are active in the sector. It is a dynamic, competitive and extrovert sector, with strong commercial activity all over the world and exports reaching a value of € 4.1 billion. Despite the fact that the food sector has been impacted by the overall negative economic environment over the last 8 years, the Greek Food & Drink Industry has managed to stay strong and competitive, focusing on the elements that could lead to a new era of growth. We thus put all our efforts towards improving competitiveness and promoting innovation and extroversion. This is required in order to respond to the new challenges that our sector has to face, both at national and European/international level. Product reformulation, food quality and safety, elderly population, circular economy & sustainability, are only some of the issues that require our attention and action. In this respect, we put consumers in the heart of our business, as they are the most important asset and driver for our business continuity and growth. We constantly monitor new trends, new nutritional habits and needs and we guarantee to provide products of excellent quality, safe and at
affordable prices. Science and technology play a key role in ensuring a sustainable, nutritious global food system open to new developments. The Greek Food Industry is present when research, technology and innovation meet and takes advantage of the new findings in order to respond to emerging needs for healthier food options and for special nutritional requirements that provide an added value and would delight and satisfy the consumers. In parallel, we foster extroversion as it is very important to strengthen the image of our country across the world and attract new consumers for our products, as well as new investments to boost the local economy. Today, more than ever, combined with a renewed and qualitative agricultural production, the specialized know-how and competitive costs, the Greek Food and Drink Industry invests more in producing competitive products, mainly in the fastgrowing sectors (such as olive oil, fruits and vegetables, dairy products, traditional spirits, honey), taking advantage of the superiority of the traditional Greek diet and its recognition throughout the world. In the Greek Food Industry, in a tough environment, we make a major effort with a winning spirit and a creative approach, having as main objective the return to growth. We work hard, with passion and commitment to quality, in order to achieve consumer satisfaction and sustainability of the food sector.
I 31 I
DIAMONDS OF THE GREEK ECONOMY
2018
Athanasios Kefalas President of Greek Mining Enterprises Association
The industry as a whole is a top employer, especially in rural areas I 32 I
The Greek mining industry as a lever for economic growth While the Greek economy is showing signs of turnaround after several years of stagnation and persistently high unemployment, a number of elements hinder strong improvement in the fundamentals of the Greek economy and debt profile and a sustainable return to growth: ●T rade deficit while difference has been contained, imbalance persists ● Lack of sufficient investment ● Brain drain As a result, GDP has declined considerably and for a prolonged amount of time – with a very brief return to growth – debt ratios have not reached sustainable levels despite the sizeable fiscal adjustment achieved, and unemployment – especially youth – remains above 20%. These facts highlight the need for a shift in the national growth paradigm. Looking at the Greek mining industry, however, a very different picture emerges: The Greek mining industry showed relative resilience during the crisis thanks to its diversification. While there was an overall decline in output, mainly due to the global decline in metals prices - to which a portion of the industry is exposed - as well as the lignite extraction slowdown, the shock of these two factors was cushioned by performance in industrial minerals, aggregates and marbles throughout the years of the crisis. Industrial minerals and marbles are particularly extroverted mainly to Italy, Germany and the United States. The industry as a whole is a top employer, especially in rural areas, systematically investing in human capital and linking education with the labor market. Additionally, the industry serves as both an actor and mag-
net for investments in capital goods, private equity and infrastructure. All in all, the contribution of the mining industry to GDP and employment has remained consistently high (€5.4 bn p.a., and more than 100,000 full time jobs – 2.7% of total employment) and above the EU average. The Greek mining industry serves as a lever for economic growth driven by four distinct factors: ● I nnovation: in value propositions and across the entire mining value chain – from mines to final product – underpinned by considerable R&D efforts and driven by extroversion and need for global competitiveness ●H uman capital: continuous investment in capability building through training and partnerships with higher education institutions ●R egional development: serve as top regional employer and contributor to communities through – among others – infrastructure building ●R esources exploitation: explore and capitalize on mineral resources in a sustainable manner, as well as on logistics competitive advantage. Going back to the new growth paradigm, as all industries in Greece, the performance of the mining industry could be further enhanced by an investment-friendly environment: stable and predictable taxation, consistent and expedient judicial decisions and permitting processes, incentives for investments. Additionally, there are a number of mining industry-specific factors that also apply: implementation of the National Mineral Resource Policy, land planning and environmental permitting acceleration.
°óëìèðéïà 31, °õÜîá 106 80, T: 210 36.74.000, F:210 36.05.110 E: ccaa@centralclinic.gr, www.centralclinic.gr, I 33 I
DIAMONDS OF THE GREEK ECONOMY
2018
Vassilis Gounaris HACI President
Exports of Chemicals in 2016 were 5.1% of Greek exports by value (the 4th most important group of exported products by value) I 34 I
The Greek Chemical Industry: Contribution to the economy and growth prospects The gross production value of the Greek chemical industry in 2016 was €2.2 billion, 25% less compared to 2008. The gross value-added (GVA) was €583, which corresponds to 5.5% of GVA in manufacturing, or 0.4% of the Greek Gross Domestic Product (GDP). Employment is about 12,900 jobs, primarily highly skilled employees. The annual investments is around €60 million vs €130 million pro crisis. The chemical industry is among the sectors of Greek manufacturing with the highest business R&D spending. In 2015 spent €9.1 million on R&D, which was 6.1% of the overall business R&D spending in manufacturing. Exports of Chemicals in 2016 were 5.1% of Greek exports by value (the 4th most important group of exported products by value). The financial performance of enterprises deteriorated during the economic crisis, yet it recovered fast, with a reduction of borrowing, as Greek chemical firms had to increase their reliance on own funds and equity. Accounting the effects of the broader impact of the chemical industry on the Greek economy, the total impact of the production and distribution of chemical products on the Greek GDP is €4.24 billion, or 24% of the GDP in 2016, of which €3.07 billion (72% of the effect) is caused by the production of chemicals and €1.18 billion (28%) is caused by the wholesale trade of chemicals. Consequently, every euro spent on purchasing chemical products increases the Greek GDP by €1.9. The dramatic deterioration of economic conditions in Greece in the recent past, high interest rates for borrowers, high taxation rates and ever-changing rules in the taxation system, and an institutional and administrative system with great deficiencies, exacerbating such problems, are far from an ideal environment for the Greek chemical industry to grow and thrive. Additional factors, such as regulations that impose disproportionate costs of compliance to most chemical firms (small and medium enterprises in their majority), high-energy costs and high taxes on raw materials, supply chain deficiencies regarding both infrastructure and management, as well as a weak innovation support system, have negative effects on the competitiveness of the Greek chemical industry. According to recent IOBE study, based on the current forecasts for the Greek economy, the value of the Greek chemical industry could reach €2.44 billion in 2022 (in 2016 prices), without policy measures or other inter-
ventions that would boost the chemical industry directly or indirectly (current trend scenario) Achieving the objectives of a national industrial “renaissance” scenario the production value of chemicals (in 2016 prices) would exceed €3.1 billion in 2022 and would be 30% higher than the output in the current trend scenario for the chemical industry. The Greek GDP would be about €1.8 billion higher in 2022, 26.000 more jobs would be expected. The industrial “renaissance” scenario, calls for the obstacle impeding competitiveness to be lifted and for supporting the necessary measures for the development of the chemical industry: Close cooperation between the chemical industry and universities and research centers in the area of chemicals. Investments in R&D and innovation. Measures to attract specialized scientists and professionals. Improvements in infrastructure, such as ports, road and railroad networks and general improvements in the efficiency of the supply chain of chemicals, which significantly affects the export performance of the chemical industry and its access to raw materials. Establishment of clusters of chemical enterprises and parks of chemical companies. Improved interaction between the chemical industry and other industries and development of close ties with the industry’s customers. Initiatives to take full advantage of the geographic location of the country, taking into account the current infrastructure. Effective public policies that take into account the particular characteristics of the chemical industry. Tax incentives to attract investment and scientists and to promote research. Measures that ensure good industrial relations and the development of a collaborative culture among all stakeholders. Building a positive public image for the chemical industry. JUNE 2018 The goal achievement of the Industrial «Renaissance» scenario, will give impetus to the chemical industry by all means hopefully extending to the Greek economy.
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DIAMONDS OF THE GREEK ECONOMY
2018
Athanasios Schizas GAIAOSE S.A. CEO
The development of Combined Transport Freight Centers is an important opportunity to increase freight rail transport I 36 I
Opening up international markets for railway rolling stock Following a tough period for Hellenic Railways, today, more than ever, all the companies involved with it, we are in a very favorable moment of exploiting the opportunities offered both by the opening of the railway market and by the given political will of the Ministry of Infrastructure and Transport to make the railroad a “vehicle” of growth for the country’s economy. GAIAOSE SA, despite the fact of being a public utility company with the Greek State as a shareholder, enjoys significant profitability without being financed by the state budget. A key parameter for its business decisions is, among other things, the creation of new jobs in the areas of development actions/interventions it is undertaking. The firm is active in the management, exploitation and development of railway real estate (land and buildings) and railway rolling stock, and its actions also focus on protecting the environment via energy savings and reduction of gas emissions by generating electricity through photovoltaic systems and wind turbines, as well through optimal waste management projects. The projected revenue in 2018 from rental of rolling stock managed by GAIAOSE is estimated at €15 million. However, GAIAOSE’s “opening” abroad, besides the Greek rail market (TRAINOSE, Rail Cargo Logistics Goldair), is another major bet for the company. Interest has already been shown by foreign companies in the rental of rolling stock, which will offer even greater prospects for the development of rail transport in Greece. If GAIAOSE proceeds with the maintenance/ upgrading of rolling stock, then there will be attraction of domestic and international “players”, while the company’s credibility will be maintained at a high level, and in any case this move will bring additional revenue to the Greek state. The development of Combined Transport Freight Centers is an important opportunity to increase freight rail transport. Under the GAIAOSE Articles of Association and Law 3891/2010, the firm’s scope includes the establishment of combined transport freight centers. The cargo center of Thriassio Pedio is being constructed on a property of approximately
145 acres, privately-owned by GAIAOSE, and is regarded as an innovative project for Greek standards. Its large size (building approximately 240,000 square meters of covered areas), as well as its strategic location near the country’s largest urban center, excellent road connections on the main arteries, and especially its interconnection with the port of Neo Ikonio and the railway network, are expected to contribute dynamically to the modernization and development of freight transport. The announcement of an international tender for the construction of a Freight Center in the former Gonos camp in Thessaloniki has attracted interest from many major potential investors. Our goal is to have chosen the preferred investor by the end of this year (2018) so that in the first quarter of 2019 we can begin work on the logistics center, which is expected to catalytically upgrade Thessaloniki’s position as a freight hub. It is particularly important for us to implement plans on the basis of close cooperation with the local community. The objective by GAIAOSE executives is for a planned shopping mall to be ready and delivered at the same period of time as the Thessaloniki metro projects will be delivered. I believe that the Holocaust Museum and the shopping mall near OSE station will create new conditions in Western Thessaloniki, and I think they will make a significant contribution to the region’s advance. In addition, GAIAOSE is actively and dynamically active in the field of electricity generation through RES. Through an integrated business plan, the company develops photovoltaic power plants funded by equity, and it expects to cooperate with private investors in developing photovoltaic power plants through subsidiaries that have established and leased real estate (buildings or land plots) to private investors for the installation of photovoltaic systems. Considering all of the above it becomes obvious that the available will, potential and prospects --with the help of GAIAOSE—will be in the next few years a milestone in the transition of Greek rail transport from the “tunnel” to the “light”.
I 37 I
DIAMONDS OF THE GREEK ECONOMY
2018
Dr. Christoforos Sardelis Chairman of BoD, Ethniki Insurance
The general notion is that the public system is inefficient, making room for a parallel private system. I 38 I
The role of the insurance sector in the post-program era In theory, the expiration of the third adjustment program this summer implies that the Greek policy makers have more options in designing economic policies. In reality, however, the set of options is much narrower than perceived. The gap between policy choices driven by electorate demand and what is perceived as “sound policies” reflects a real risk for relapse. The existence of this gap can be explained partly by the discontents of ten years of “imposed” austerity, and partly because none of the political parties really attacked the ideas that formed their own policy making in the past and led to bankruptcy. As an effect, a preference bias for more public spending and tax relief forms the wrong kind of expectations. The pension system provides a good example. Adverse demographic projections outline a steadily increasing pension bill until 2060, despite repeated cuts in previous years, and with pension funds already heavily underfunded. Without spectacular rates of growth, this trend is bound to lead to a new fiscal impasse. The private insurance sector on the other hand, keeps proposing a three pillar system with fully funded schemes and personal accounts, as a complement to a slimmer but sustainable public pay-as-you-go system. Despite the fact that such a shift would imply several advantages, for example a boost to domestic savings and a relaxation of existing constrains for investment funding, political resistance proves difficult to overcome. In an economy with lack of means to fund investment (cur-
rently around 10% of GDP and less than annual depreciation), with obvious difficulties to attract foreign direct investment, there is hardly any rational explanation for insisting in the current one pillar system. The same applies to cat-risk coverage, i.e. protection against recurring natural disasters such as floods, fires and earthquakes. When this type of adverse events materialize, compensation from insurance companies is seldom higher than 20% of estimated total damages. The rest is expected to be covered by the state budget or other public sources and, despite repeated disappointments, the expectation seems to be sufficiently deep-rooted, leading to a conspicuously underinsured private property. Misguided expectations prove stronger than facts. We can take health as a final example. The general notion is that the public system is inefficient, making room for a parallel private system. It has been found that private, out of the pocket spending is ten times higher than health insurance premia for the entire sector. Yet, there seems to be a stronger demand for more public spending than rebalancing the system. To sum up, there is a good reason to rein forces that, contrary to recent experience, maintain the myth of public spending as a “free lunch”. The insurance sector has the capacity to provide real alternatives in some areas and reduce the risks for future imbalances.
I 39 I
DIAMONDS OF THE GREEK ECONOMY
2018
Christina Sakellaridis President of the Panhellenic Exporters Association
National Strategic Plan focusing on Extroversion and Productive Reconstruction I 40 I
«Extroversion, the key to a sustainable economy» «Greece has reached the most crucial turning point since the outbreak of its financial crisis. After eight years of deep recession, the Greek economy has started to recover and restore market confidence. However, the path to normalization remains uphill. The capital controls, although considerably loosened, continue to pose significant problems to the market, and high taxes undermine companies’ growth prospects and the implementation of necessary investments to upgrade production lines. At this crucial moment, just before the end of the fiscal adjustment program, it is vital to lay the foundations so as to heal the wounds of the crisis and never repeat the mistakes of the past – those that brought us one step before our exit from the Eurozone and the hard core of Europe. The opportunity we face is unique. There is no room for delays. Now, it is time for brave decisions that will make the country a pioneer and a real example to be followed. For decisions that will radically improve the standard of living for the citizens and will put the economy on a path of sustainable progress and high growth rates. So it is time to draw up a “National Strategic Plan focusing on Extroversion and Productive Reconstruction”. A plan to combat bureaucracy and support exporters with new and cheap financing. A plan that will reduce the high tax burden currently affecting domestic businesses
and undermining their outlook. And, above all, a plan that will provide incentives to strengthen the productive fabric, which has been hit hard during the crisis. A plan that will facilitate the work of exporters, who have been proving on a daily basis that they can be a key pillar for the country’s economic growth. After all, the latest figures for the first quarter of 2018 show an increase of 13.6% in exports, which is likely to be sustained throughout this year. I would like to emphasize that the increase in exports of goods and services in 2017 compared to 2016 has led to an increase of 2.1% in GDP! Research by international organizations has shown that through the necessary reforms, Greek exports could grow by up to 30% or €16 billion. Correspondingly, if Greece exploits its competitive advantages and manages to increase its exports by at least 10 percentage points and reach the EU’s extroversion average, the country could see its revenues increase by €20 billion on an annual basis. We should not compromise and be complacent with what we have achieved so far, but should seek to move ahead, otherwise we risk being trapped in stagnation. The fact that we have reached a level of balance is not enough and should not be enough. Greek people have proved in the past that are capable of great things».
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ΒΡΕΙΤΕ ΤΟ ΜΟΝΟ ΣΤΟ ΔΙΚΤΥΟ ΣΥΝΕΡΓΑΤΩΝ VITEX! I 41 I
DIAMONDS OF THE GREEK ECONOMY
2018
Michael Mailis President of the German-Greek Chamber of Commerce and Industry
Greek products have a very good reputation, particularly in Germany I 42 I
The big bet of the Greek economy This year is of key importance for Greece’s economy. The 2017 inheritance allows us to be moderately optimistic since the GDP grew by 1.4%, industrial production by 4.4%, tourism by 10%, exports by 13.2%, while the primary surplus exceeded the target, reaching 4.2%. The forecasts are even better: The GDP will grow by between 2% and 2.5%, which means a new record for our tourism and exports. In this context, dynamic businesses, those investing in human resources, innovation, modernization of their facilities and in an outward-looking approach will stand out. Despite bureaucracy and the millions of small and large obstacles faced, they manage, with hard work, not only to survive, but also to conquer new markets and, along with their products, to become the best ambassadors of our country. Greek products have a very good reputation, particularly in Germany. This is one of the key factors of the 5.3% growth in Greek exports in the previous year, compared to 2016, and Germany is the second largest market for Greek exports. The German-Greek Chamber of Commerce and Industry, with 830 members, is firmly oriented to an outward-looking approach and to the attraction of foreign investments. It is characteristic that each year we organize, all over Greece, more than sixty events and actions aiming at the development and expansion in foreign markets and, particularly, in the largest Eurozone economy, Germany. The fields of agricultural and nutritional products, Renewable Energy Sources, waste management, recycling, tourism and innovation are some of the fields on which we are placing our focus. These events, only last year, were attended by approximately 4,500 interested parties,
including companies-members of our Chamber that are seeking cooperation opportunities abroad and wish to benefit from the Bilateral German Chambers Global Network, which maintains 140 offices in 92 countries, part of which is the German-Greek Chamber. Last year, the Chamber organized 7 business missions from and to Germany and, for the first time, a Greek business mission to four large cities in Asia, in particular Tokyo, Beijing, Shanghai and Taipei, aiming at promoting selected Greek consumer products and services to the large consumer populations of the Asian Continent, the attraction of investment interest for development projects in Greece and an increase in incoming tourism from Asia. Besides, on the level of International German Fairs that the German-Greek Chamber represents and cooperates with, Greek participation in 2017 exceeded 800 exhibitors, while, for this year, the most recent data shows that participation of Greek companies is particularly dynamic. Concluding this short article, allow me to note this: The big bet of the Greek economy will be won only if conditions for the stabilization of a sustainable growth course are ensured. These conditions are none other than the implementation of substantive reforms for combatting bureaucracy, the establishment of a stable tax environment, the reduction of non-wage labor costs for businesses, the restoration of the bank financing lines to businesses and the removal of obstacles hampering attraction of foreign investments. Naturally, all these conditions must be integrated in a national reconstruction plan that will aim at the restoration of the country’s productive fabric on healthy foundations.
I 43 I
DIAMONDS OF THE GREEK ECONOMY
2018
Constantine Yannidis President of the Hellenic Chinese Chamber, Entrepreneur, President of VITEX
The 2017-2019 Action Plan, signed in May 2017, targets to streamline all efforts and meet long term objectives of Chinese investments I 44 I
Facilitating the coordination of bilateral affairs Beijing is more than 7,500Km away from Athens but this distance is minimized by the legacy of profound trust, respect and appreciation between the two peoples, deriving from the depths of thousands of years of history. The role of the Hellenic Chinese Chamber (Commerce, Industry, Tourism and Shipping) is to become a bridge of communication between its members in both countries, so as to facilitate bilateral trade in imports and exports, enhance cooperation in the services industry, and of course to further attract Chinese investments in Greece. We strongly believe that without foreign investments, Greece’s economy will not recover soon. Whoever loves Greece and respects the Greeks cannot stand for the opposite. Below, the four pillars of the Chamber’s scope are highlighted: ● To stimulate and support exports of goods and services from Greece to China, imports of goods and services from China to Greece and protection of Greek and Chinese business activities providing a framework of reliable transactions ● To promote investments of Chinese companies in Greece and vice versa ● To support of the development of tourism business ● To support and expand maritime bilateral cooperation At present, China’s footprint in Greece is at an all-time high. This is explicitly indicated by large-scale investment projects for transport infrastructure, energy and telecommunications laying on the Belt and Road Initiative (BRI). The “Dragon Head” of the Sino-Greek strategic partnership is the Piraeus seaport COSCO investment, confirming Greece and China as the world’s big maritime powers. The second most important Chinese investment in Greece is the investment in Greece’s Independent Power Transmission Operator (ADMIE). The growing presence of Chinese investors in tourism and real estate is boosted by the “One Belt one Road” Initiative that
promotes not just economic, but also cultural exchanges. As of September 2017, Air China has commenced direct flights between Beijing and Athens, and in September 2017 COSCO signed an agreement with China Eastern Airlines for charter flights to Greece. The “Golden Visa Program” was originally laid out in 2013 by the Greek government in the aftermath of the country’s massive sovereign debt crisis, with the aim of luring foreign capital to revitalize the failing economy. By the end of January 2017, the Greek government issued a total of 1,573 real estate investment licenses to foreigners, out of which over 40% were issued to Chinese buyers. In a recent research, Athens has been ranked 3rd of the top places to visit for Chinese tourists, scoring 4% following Paris and London that scored 18% and 5%, respectively. The 2017-2019 Action Plan, signed in May 2017, targets to streamline all efforts and meet long term objectives of Chinese investments, requires high commitment and engagement by all stakeholders. This is where the Hellenic Chinese Chamber steps in and facilitates the coordination of bilateral affairs in the context of comprehensive Strategic Partnership and to further attract new investment inflows. It is a common sense that Chinese investments are milestones for Greece’s economic recovery and Chinese investments can take advantage of the liberalization of Greek State and society. We strongly believe that with effective administrative capacity and proper monitoring of the investment there are mutual benefits for both countries. On this basis, the Hellenic Chinese Chamber (Commerce, Industry, Tourism and Shipping) will actively support all the Initiatives and share a mutual vision to strengthen and establish bilateral cooperation towards the expansion of the role of Greece as an important regional hub in the sectors of Commerce, Industry, Tourism and Shipping in Cooperation with China.
1οι στην Ποιότητα Χρυσό Βραβείο Ποιότητας Υπηρεσιών Υγείας
1ο «Center of Excellence» στη Χειρουργική του Θυρεοειδούς και την Καρδιοχειρουργική
1ο και μοναδικό πιστοποιημένο «Patients’ Friendly Hospital» στην Ευρώπη
20 χρόνια ο ασθενής στο κέντρο 20 χρόνια στην κορυφή της ποιότητας και συνεχίζουμε…
Αθανασιάδου 7-9, 115 21 Αθήνα (σταθμός μετρό Αμπελόκηποι), Τηλ.: 210 6416600 email: info@euroclinic.gr, www.euroclinic.gr
I 45 I
DIAMONDS OF THE GREEK ECONOMY
2018
Dimitris Bakolas President Hellenic Russian Chamber of commerce
Latest developments in the Greek-Russian economic relations provide optimism It seems the business in both Greece and Russia started to adapt itself to the specific realities created by the bilateral sanctions imposed between EU and RF, and found ways to proceed with mutual business development, successfully overcoming also the extremely negative climate that lately characterizes the relations of the West and the Russian Federation. A few major multimillion Russian investments succeeded to overcome the Greek bureaucracy, got the required approvals and certificates and have been launched in Crete, Corfu and Scorpios islands; at the same time, a number of Greek companies, such as CHIPITA, Coca Cola 3E, KLEEMAN, PROLOGICS GROUP, are expanding their business in Russia, not to mention the records reached by the tourist flows from Russia to Greece. It is important to indicate in this regard that the Governments of the two countries are working towards supporting bilateral business development: the St Petersburg Economic Forum, held at the end of May 2018, was coorganized by the Greek and Russian Governments, a Greek - Russian Round table, headed by the Greek Alternate Minister of Exterior Mr. George Katrougalis and the Russian Vice Minister of Industry and trade. A multi-member
A few major multimillion Russian investments succeeded to overcome the Greek bureaucracy I 46 I
Greek Delegation attended the Round Table. Discussion focused on the problems and perspectives in bilateral economic relations, as well as on ways to support them, while Greek participants had B2B meetings with Russian companies. The Hellenic - Russian Chamber of Commerce, that was assisting the organization of the Round Table in St Petersburg initiated during last year a number of events, aimed at promoting Bilateral business: ● The conference “The Russian MICE market: New opportunities” ● The Networking meeting of the Greek enterprises active in Russia, organized in cooperation with the Greek Embassy in Moscow ● The workshop “Russian social media” The active participation and the interest shown by the Greek businesses for these activities indicates the existing dynamics in bilateral business development, and the HRCC will continue to strengthen its activities in assisting companies from both Greece and Russia looking for opportunities in bilateral business, while there are some indications that the climate in EU-RF relations may soon be significantly improved.
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DIAMONDS OF THE GREEK ECONOMY
2018
Panagiotis Koutsikos Chairman of Greek-Turkish Chamber of Commerce and Industry
Moreover, there seems to be great interest among Turkish investors in the Golden Visa in Greece I 48 I
The impact on business activities between Greece and Turkey through political developments Greece-Turkey business relations developed rapidly in the last 20 years. In 1999, the total trade between Greece and Turkey reached €120 million with zero investments. In 2017, the total trade reached €3.2 billion, with Greek investments reaching €64 billion and Turkish investments amounting to €350 million. The aforementioned development was the result of the good political relations between the two countries, which were achieved by the Foreign Ministers of Greece and Turkey, George Papandreou and Ismail Cem, respectively. Good political relations have continued so as the business climate was positive for establishing business partnerships. Unfortunately, several political events between the two countries in recent years have resulted in a reduction of trade activities, while investments have stopped. Over the past two years, more than €1.5b has been lost from the total trade of the two countries. The Greek business community has invested in 20 different sectors in Turkey and mainly in the service sector. Notably, as many as 450 Turkish businesses of Greek interests have invested on Turkish territory, while Turkish investments in Greece are targeted at tourism. Large Turkish groups
such as Kots and Dogus have invested in marinas and hotels, in different areas of Greece. As far as tourism is concerned, in 2017, 900,000 Greek tourists visited Turkey, while 700,000 Turkish tourists visited Greece. The most popular destinations for Turkish tourists in Greece were Athens, and the islands, especially the Aegean islands. Specifically, the islands of central Aegean attracted 145,000 Turkish visitors, while the total number of tourists was 285,000. Moreover, there seems to be great interest among Turkish investors in the Golden Visa in Greece, after a recent law passed by the Greek government in 2014. If foreign citizens invest in real estate or hotels in Greece, of a value of more than €250,000, then Greek authorities provide them with residence permit for 5 years. There is a great interest from Turkish investors especially in Attica, and so far there have been more than 480 Turkish investors who have taken residence permits. The Greek Turkish Chamber of Commerce and Industry considers that the improvement of business cooperation will depend on the political situation prevailing in Turkey after the elections, as well as on the possibilities of the political leaderships of the two countries to reach each other.
I 49 I
DIAMONDS OF THE GREEK ECONOMY
2018
Julia Tseti Chief Executive Officer of Uni-Pharma SA
We are proud manufacturing at Greece I 50 I
Innovation, ethics and pioneering is in our DNA and in our philosophy For more than half a century, OFET (Tsetis Group of Pharmaceutical Companies) has been a pioneer in the pharmaceutical industry, aiming at improving quality of life, by producing innovative and affordable pharmaceutical products of ultimate quality. We are all committed to serve medical science with Passion, Ethos and Creativity, and we put human life and wellbeing as our top priority. We are building bridges with the community and we are serving the Greek economy for more than 50 years! During the 10 years of Greece’s economic crisis, we supported with responsibility and solidarity our people and we didn’t forget the Greek community! Research and Development, pioneering, innovation and ethics in business, are the crucial keys of our philosophy through all these years! We are not afraid of the challenges, we are seeking them! Our mission is to maintain the most precious value, the health of the people! We are bound to our corporate values (TÉLEIA): ● Teamwork ● Ethos ● Learning ● Excellence ● Innovation ● Accountability For this reason, we dynamically invest in modern production facilities and cuttingedge technologies, in highly qualified people and organizational systems that ensure accountability and participation. We are proud to be pioneers of the 4th Industrial Revolution with state-of-the art production facilities, equipped with the most advanced robotic technology systems for production, packaging and quality control. We recognize our Responsibility towards society, and we contribute enormously. We create job opportunities and we are environmentally and socially responsible throughout ongoing actions of solidarity based on a robust Social Responsibility Strategy. We recognize that the future of medicine and cure is in our hands and we employ highly qualified scientists, devoted in Research and Development, to introduce new drugs, while we actively participate in research programs
and studies in cooperation with Universities at a national and international level. We are fully committed to implementing Quality Management Systems and models of national and international accredited organizations, to ensure utmost quality and excellence. We are proud for our highly qualified people, who are a key factor for our growth and success. We honor the firm trust and loyalty of the medical community, and we support every movement that promotes and ensures health beyond boundaries and exemptions. We are bold to establish Greek pharmaceutical products in international markets. We are by all means within a constant orbit of growth. All the above are just a snapshot of what we do in Uni-Pharma and InterMed. We could say that we have discovered the medicine for crisis. But according to Aesop, “United we stand, divided we fall”. We are looking away… Uni-Pharma and InterMed are the only Greek pharmaceutical companies actively involved with a large number of research projects under the Europe 2020 Strategy, which highlights research and innovation as key levers for smart, sustainable and integrated growth, while aiming at effectively addressing important issues of concern to the wider medical community. We invite others to follow us, since the way out of Greece’s crisis lies beyond a cooperative and strategic framework. Being Greeks, we are all aware of what a successful REVOLUTION means and that it requires a combination of the following: ● Strategy ● Alliances ● Agility and Flexibility ●A nd an army of capable, trained and commitment people. We need a robust governmental mechanism that will provide funds, accelerate development of industries, and set incentives for intensified export activities. Enough with the words, it’s time for Action! Victory is in our DNA, so let’s raise the flag of Greece and leave behind us the painful crisis! Let’s be the protagonists of the Post Memorandum Era!
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DIAMONDS OF THE GREEK ECONOMY
2018
Dr. Christos Apostolopoulos President of The Association of Greek Dairy Industries (SEVGAP)
The Greek Dairy Industry is not afraid of competition, simply because we rely on the quality and uniqueness of our products I 52 I
The Greek Dairy Industry is not afraid of global free competition as long as the rules of the game are fair! The Greek Dairy Industry is one of the most robust sectors of the Greek economy and certainly of the Food Industry for quite a number of years now. It is equal, if not better than any of its competitors, in terms of the lever of science and technology applied. Although the production is not huge in volume, the type of milk (goat and sheep) and the amount processed for production makes its produce rare and unique. Despite the numerous and unique dairy products produced in Greece, there are only two that have gained worldwide distinction and can achieve further growth than they have today. These are “Feta cheese” (118,000 tons) and “Greek yogurt” (144,000 tons). The price of the product does not reflect at all the added value of Feta cheese coming from its unique character and its long history and tradition, compared to any other cheese in the world. There are two reasons for this and one is the depressed domestic market (for the last few years) and the non-systematic export orientation of the sector for many years now. In the last two years Feta cheese has reached a record in exports, where almost half of the production has been exported (>55,000 tons). This record though does not reflect success as it is a result of desperate attempts – as shown by the value of the exports - of producers to make
up for sales lost in the domestic market due to the financial inability of consumers to buy even the basics. The picture for the future of this valuable Greek product is not bright if we add the scandalous lack of support on the part of the EU, especially as depicted by all EU Trade & Economic Treaties signed over the last five (5) years, which recognized all other European PDO cheeses excluding Feta! The second, even more famous Greek, product, “Greek yogurt”, is in an even worse position despite export volumes also having peaked. Greek yogurt is today the best brand name and probably the most significant dairy product both in terms of volume and turnover worldwide (turnover > $3 billion). Unfortunately, in a global market which makes reference to a totally Greek product (the “Greek Yogurt”), the market share of the genuine “Greek Yogurt”, made in Greece, is only the 1/10,000! The Greek Dairy Industry is not afraid of competition, simply because we rely on the quality and uniqueness of our products. We want to compete in markets where at least the very basic rules of fair competition apply. Unfortunately, however, with the EU’s consent, competitors do not play fairly as they mislead consumers by stealing and using the name and identity of our two most important dairy products.
Αττική Οδός ΑΝΟΙΞΑΜΕ ΤΟ ΔΡΟΜΟ ΚΑΙ ΣΥΝΕΙΣΦΕΡΑΜΕ ΠΑΝΩ ΑΠΟ 1 ΔΙΣ. ΕΥΡΩ ΣΤΗΝ ΕΘΝΙΚΗ ΟΙΚΟΝΟΜΙΑ*
H Αττική Οδός, το έργο-πρότυπο που κατασκευάστηκε και λειτουργεί σύμφωνα με τις πιο υψηλές διεθνείς προδιαγραφές, δεν είναι μόνο η καθημερινή επιλογή χιλιάδων οδηγών, είναι και μια συνεπής οικονομική δύναμη που στηρίζει σταθερά την εθνική μας οικονομία, με συνεισφορά πάνω από 1 δισεκατομμύριο € στα ασφαλιστικά ταμεία και τα φορολογικά έσοδα της χώρας μας, ενώ έχει δημιουργήσει 1.200 άμεσες και μερικές χιλιάδες έμμεσες θέσεις εργασίας, στηρίζοντας και αντίστοιχο αριθμό οικογενειών.
* Mε 715 εκατ. € φόρους, 92 εκατ. € ασφαλιστικές εισφορές και 209 εκατ. € καθαρή μισθοδοσία, τα τελευταία 13 χρόνια.
AΤΤΙΚΗ ΟΔΟΣ Α.Ε. 41,9 χλμ. Αττικής Οδού, 190 02 Παιανία, τηλ.: 210.6682000, fax: 210.6635578 web: www.aodos.gr, e-mail: customercare@attikesdiadromes.gr Έργο συγχρηματοδοτούμενο από την Ευρωπαϊκή Ένωση
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I 53 I
DIAMONDS OF THE GREEK ECONOMY
2018
George Pittas President of SETSEM (Greek Federation of Honey Packers, Distributors and Exporters) President of FEEDM (European Federation of Honey Packers & Distributors)
For Greek honey to reach the top in the international market we need to protect its purity, to closely collaborate with honey producers to establish a Greek trademark…. I 54 I
Greek honey leading worldwide in the future SETSEM was established in 1983 and is a member of the Greek Interprofessional Organization for Honey and Other Beehive Products, and of the European Federation of Honey Packers & Distributors (FEEDM); it is recognized by all related governmental bodies. SETSEM represents companies that manage more than 60% of the officially traded quantity of Greek honey in our country. Staying loyal to our principles is the only way to maintain market stability and preserve the Greek origin of honey. SETSEM’s goal is to protect and promote Greek honey internationally, so as to become a global leader, to support Greek apiculture and to protect the environment. Despite the economic crisis, there is a great opportunity nowadays, since the European Parliament took the initiative to support European apiculture, beekeepers, bees and honey. In EP’s report there is a list of measures to further support the EU apiculture sector that include the increase of financial support for beekeeping programs, further research and support regarding bee health, eradication of bee diseases and development of medical treatments for bees, combating honey fraud, promoting honey as a healthy food in public education, and encouraging honey consumption through advertising and promotional activities. Taking all that into consideration, there
is a great opportunity for Greek honey to excel, since Greece’s unique natural environment provides us with a superior quality honey. The morphology of Greece is exceptional, a combination of valleys, mainland, mountains and islands. Another reason why Greek honey is considered unique is because it is gathered from a variety of around 6,000 different types of natural flowers, herbs and trees, 1,300 of which are only found in Greece. As a result, it is rich in aroma and taste and thick in texture. Finally, only in Greece beekeeping is nomadic, which gives the opportunity for the bees to pollinate in different areas and produce different varieties of honey. For Greek honey to reach the top in the international market we need to protect its purity, to closely collaborate with honey producers to establish a Greek trademark so as to distinguish it and prove authenticity, to create a national campaign and participate in established international exhibitions, to create a database at the Ministry of Rural Development and Food, in the export department, with information on each country’s requirements in terms of honey parameters, and to enhance all the unique characteristics that contribute to the high quality of Greek honey. In other words, we are focused on building a strong brand for Greek honey worldwide, and we have all the potential to achieve that!
DIAMONDS OF THE GREEK ECONOMY
2018
Emmanouil M. Panagiotakis, Chairman and CEO of PPC S.A.
ENVIRONMENTSOCIETY-ECONOMY: Our core values Three fundamental parameters guide PPC as an enterprise: Environment, Society and Economy. We remain firmly focused on growing and developing Greece’s largest corporation, and as we successfully adjust to the new environment, the focus of what we do remains unchanged: to serve society as a whole. Because we can and must do our very best for society. We need to be passionate about even the smallest tasks, as if overcoming the crisis and Greece’s development depended on it. We are fully aware that the work each of us does will help create new jobs, thereby combating the scourge of unemployment. Our priorities, in line with the transformation of the company, are to: Finalize and start implementing our comprehensive strategic plan. ● I mprove our administrative operations in all sectors. ● I mprove Human Resources Management to allow our staff to grow and develop, and us to utilise them to their full potential. ● I mprove customer relations through targeted actions, business initiatives and ●
Undertake major projects and business initiatives abroad in partnership with companies from Greece and other countries I 56 I
products based on a comprehensive marketing plan. ● A dd to our staff through targeted recruitment drives so that all current needs are met, to ensure PPC is synonymous with modern skills and technology, and to create the conditions for existing precious know-how and skills to be transferred by company staff to a new generation of employees. ● U ndertake major projects and business initiatives abroad in partnership with companies from Greece and other countries. In taking these steps our goal is a Corporation with a lower market share but with a continuing dominant role in Greece’s electricity market, yet a larger, more robust company with a diverse range of operations and products, as it expands into new markets. We continue to strive for this by promoting our three core Corporate Social Responsibility goals of Environment - Society - Economy which have been central to the corporation for many years now. This is an endeavour we will continue and intensify in 2018.
I 57 I
DIAMONDS OF THE GREEK ECONOMY
2018
Demetrios Papacostas General Manager, EDA Attikis
EDA Attikis is recently involved in charities, sponsorships and activities that promote certain cultures that work in favour of society I 58 I
The natural gas challenge Greece’s natural gas market has been liberalized since the 1st of January 2018, meaning that customers are able to select their preferred supplier based on products, prices and services. Attractive packages combining natural gas and electricity are being offered in the Greek retail energy market that, in addition, provide for other products and services such as insurance, household maintenance, medical benefits, etc. Market liberalization has brought about a totally different energy model, both for energy providing companies and for end customers. The expected outcome, as is the case with liberalized markets instead of monopolies, is to secure lower prices for end users through competition between suppliers. Consequently, previous integrated natural gas companies had to unbundle their operations and separate their commercial activities by forming new companies - one for distribution and one for retail market. Of course, this was not an easy task, given that besides legal requirements and relevant regulations, these companies had to transform their procedures and logistics in order to meet free market requirements. Starting from new office spaces, human resources distribution, information system separation, everything about the new companies is now absolutely different. The Attiki Natural Gas Distribution Company (EDA Attikis) is now the company that operates, maintains and expands the natural gas network in the geographical area of Attiki prefecture. EDA Attikis from now on is not involved in any commercial activity and acts strictly as the regulating company for the liberalized natural gas market in Attiki. EDA Attikis must secure a safe, operable and efficient natural gas network for all users (industrial/ households). Regarding the natural gas network (middle/low pressure pipelines), EDA Attikis focuses on increasing the density of end consumers in an existing network and on the expansion of the network in areas with increased demand. Our network’s topology follows smallworld network criteria (as is the case with
population distribution in urban areas) and the implementation of construction is the result of a sophisticated dynamic network planning and design. Higher density means more end consumers and thus lower prices due to efficient design and implementation. This is owed to the residents of Attica, since they must all have equal rights to the utilization of an energy good of the most comparative advantages. Natural gas usages are well known for years but not widely spread due to electricity market dominance for years. Natural gas can be used for heating, cooking, ironing and by any appliance that is specifically designed to function with natural gas in industry or at home. Thermal energy is an immediate result of natural gas usage with minimum losses, and thus heating appliances are most effective and efficient. Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) technologies expand natural gas usages in areas where no piping network exists. Natural gas is also used in transportation with high efficiency – low emission results. EDA Attikis has the expertise and is involved in such applications and gradually expands its activities through innovations and hard work that add up to safety, operability and optimization of its business. Finally, one should add the social impact of our activities. Natural gas must be seen as a product that contributes to a clean environment, relieves household logistics of heavy burdens and provides for a market that offers many jobs. Natural gas is addressed to every Attiki prefecture citizen who values its benefits: financial, environmental, social. EDA Attikis has been recently involved in charities, sponsorships and activities that promote certain cultures that work in favour of society as part of our recently established department of Corporate Social Responsibility (CSR). From local to global, companies set trends in society. EDA Attikis, facing the challenge of sustainable development, will continue its activities promoting ideas and values to the present and future benefit of societies.
Recognized performance leader of the
chemical industry
OUR
MISSION
Is to grow a portfolio of leading specialty chemical businesses, and generate added value for our customers and the company. We create sustainable value for our partners by delivering innovative products and solutions. We realize this mission by setting the highest standards in service, reliability, safety and cost containment in our industry. We deliver superior returns to our shareholders by tirelessly pursuing new growth opportunities while continually improving our profitability. We are committed to maintaining excellence, respect, and integrity in all aspects of our operations. Megara Resins S.A. is a diversified manufacturer and supplier of raw materials for industrial and architectural coatings as well as rosin based and other synthetic resins for the paint, adhesive, paper and construction industry. For over 50 years Megara Resins has been a pioneer in creating innovative technologies to help coatings formulators meet their customers' most demanding applications. Today, the company remains firmly committed to the pillars of innovation and new technologies and is widely regarded as being the most innovative Greek supplier to the coatings industry through its continued investment in R&D, technical support and new product development. Megara Resins offers its customers advanced and diverse products and technologies for surfaces with an emphasis on environmentally friendly products such as powder coating resins & additives, rosin dispersions, alkyd resins, water-based acrylic dispersions, and unsaturated polyester resins.
38th NEOAK 191 00 Megara, P.O. BOX 29 Greece - Tel: (+30) 22960 83311, Fax: (+30) 22960 83335, e-mail: info@megararesins.com - www.megararesins.com
DIAMONDS OF THE GREEK ECONOMY
2018
Sotirios Nikas President & CEO, DESFA
DESFA will continue promoting the liberalization of the gas market with the provision of new choices to users I 60 I
Transforming into a powerful international player in the management of natural gas DESFA is preparing to enter a new era with the successful entrance of leading and reliable European companies into its share capital. The strategic partnership of DESFA with companies possessing a particularly high know-how and a great number of strategic investments in the wider region will offer the Operator a unique opportunity to expand its horizons, providing its services far beyond the Greek borders and strengthening its position as an international and powerful player on the energy scene, with multiple benefits for Greece and the Greek economy. At the same time, a number of key changes are taking place in the Greek market, with the entry of strategic investors in energy sector companies, the establishment of the Hellenic Energy Exchange, the separation of distribution and supply activities in the retail market, as well as the market’s gradual liberalization since the beginning of 2018. In addition, the construction of a number of critical energy infrastructures such as the 3rd LNG Storage Tank of Revithoussa and the Greek section of the TAP gas pipeline, are also being completed. These developments are shaping a brand new landscape, in which DESFA already enjoys a strong presence, opening up significant growth prospects for the gas market and the Greek energy sector as a whole. With an increased know-how and a renewed momentum, DESFA will work to further develop Greece’s gas infrastructure and expand the regional market by enhancing cross-border interconnectivity with the supply of upstream Natural Gas systems further north through the
NNGTS, as well as by supporting projects of common interest in the region. To that end, we plan to build on the considerable strides made on the major goal of linking gas pipelines in the Balkans and beyond, with the realization of a “Vertical Corridor” from Greece to Ukraine and Hungary and vice versa, while we are also in close cooperation with MER Skopje for the creation of the Greece-FYROM Gas Interconnector (IGF). At the same time, our goal is to fulfill the potential of Revithoussa to serve as a unique source of gas supply diversification in the Balkan region. Combined with new pipeline projects and agreements already in place, such as the Interconnection Agreement between DESFA and BULGARTRANSGAZ and planned projects such as the IGF, Revithoussa can play a significant role in the security of supply of our neighborhood. Soon, Revithoussa will also allow industries and urban areas away from the gas transmission network to have access to natural gas and enable the supply of ships using LNG as fuel. DESFA will continue promoting the liberalization of the gas market with the provision of new choices to users, such as the network’s interconnection with TAP, while developing new uses and sources of natural gas, such as Compressed Natural Gas (CNG), in order to redefine the country’s energy mix and reduce greenhouse gas emissions. Having developed a particularly high know-how and operating with an outward looking and cooperative strategy, DESFA consolidates and further strengthens its position as the most reliable partner in the context of the large-scale international energy projects in the wider region.
DIAMONDS OF THE GREEK ECONOMY
2018
Antonis Vouklaris Chief Executive Officer of Euroclinic Group
Euroclinic Group: A Success Story The Euroclinic Group has always been known for its continuous efforts to provide top quality healthcare services. Our main objective is to identify Euroclinic hospitals as key players in the private health sector in Greece. Over the past three years, the Euroclinic Group hospitals conducted radical changes, regarding operating services, strategic collaborations with insurance companies and medical providers, which in addition to welcoming well-known doctors who joined its top existing scientific staff, resulted to a “success story”. We gradually upgraded our medical equipment. Some of our business and hospital services, which have been costly, were outsourced to more specialized and efficient providers. We adopted modern methods of administration such as the implementation of a processes performance measurement procedure for a six-month period, hiring a qualified expert and installed a permanent system for assessing the performance of processes. The relocation of the Euroclinic Childrens’ Hospital in 2017 next to the Athens Euroclinic Hospital had a major positive
We are proud to be the only hospitals in Europe certified as “Patients’ Friendly Hospitals” I 62 I
effect in our economies of scale policy, as well as a beneficial image turn, as we created a “Family Healthcare Center” in the center of Athens, 50m from a central metro station. Additionally, we established “Simio D.Y.O.” (Diagnosis-Health-Beauty), a new, dynamic medical center which provides integrated health and beauty services. We are proud to be the only hospitals in Europe certified as “Patients’ Friendly Hospitals”, proving our friendly approach and philosophy to patients, while we can demonstrate the first and only medical Centers of Excellence in Greece, in “Total Arterial Myocardial revascularization” and ‘’Thyroid & Parathyreoid Surgery’’. As a result, we managed to increase our EBITDA from € 0.6 mil. in 2015, to € 1.3 mil. in 2016 and € 3.3 mil. in 2017. The EBITDA target for 2018 is € 5.8 mil. After three years of hard and fine- tuned efforts, we have managed to be a healthy and constantly growing organization that pioneers in our field, providing integrated medical services. Within a constantly changing business sector, Euroclinic Group is definitely a key player in the upcoming years.
I 63 I
DIAMONDS OF THE GREEK ECONOMY
2018
Theodoros Karoutzos CEO, Affidea Greece
...we aim at contributing to creating a healthier society of a solid foundation through medical excellence I 64 I
Affidea is committed to the expansion of high-quality outpatient services Affinity, fidelity and idea guaranteeing the name of Affidea in combination with the fact that the entire range of diagnostic exams are provided, have made Affidea a responsible and safe choice for customers and the most reliable provider of primary healthcare services in the service of insurance companies operating in Greece. The scale of our network, our digital and hi-tech capabilities, as well as our clinical excellence - awarded by international medical and academic institutions – have distinguished us as the preferred partner for healthcare stakeholders from PHIs, doctors and patients. In order to provide comprehensive, high quality and affordable health services to all, we have built a wide and extensive network that responds to the individual needs of patients with respect and safety, which is ensured by our advanced technology equipment. Affidea in Greece cooperates with the largest private insurance company, Ethniki Asfalistiki, which has trusted Affidea with its individual contracts. This great undertaking, which has been crowned with absolute success, was an extraordinary challenge for us, as this strategic cooperation was only the beginning. This success marked a new era for our company, changing its momentum and opening new paths for future partnership development opportunities with other insurance companies as well. Affidea Greece has successfully completed the acquisition of the Primary Health Care Units of HYGEIA Hospital. The addition of two fully equipped medical centers in Peristeri and Athens, marks a significant milestone in Affidea’s
strategy of expanding high quality outpatient care services, thus offering patients better access to the excellent medical services, always aiming at improving services to patients. Recent acquisitions prove our commitment to strengthen our leadership position in advanced diagnostic imaging and our interest in building a platform with additional services at European level. With an emphasis on human, social responsibility and full awareness that health services are a vital part of society as a whole, we have managed to be at the forefront of our patients. Our main concern is to ensure the provision of excellent quality of health services by working only with state-of-the-art technology and experienced medical professionals, while maintaining standard medical facilities and strengthening the positive experience of patients, providing them with safe and cozy clinical environment. Affidea is a company with an ambition for both organic and acquisitive growth. Leveraging our core competencies, we will continue to invest in the healthcare industry, expand geographically and create value through digital and data driven adjacencies. As a leading medical provider, we aim at contributing to creating a healthier society of a solid foundation through medical excellence, standardized medical protocols along with an outstanding customer experience. Our promise is affordable and excellent care with proven medical outcomes delivered, using the best digital and medical technologies. And I can assure you that this is not just a wish, but a well-organized strategic plan for the next years.
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DIAMONDS OF THE GREEK ECONOMY
2018
Panagiotis Zafeirakis M.D., CEO, Athens Eye Hospital
We believe in holistic patientcentered approach, as per Hippocrates’ model of medicine I 66 I
Providing the best possible care Athens Eye Hospital protect the most precious sense of all your eyesight. In Athens Eye Hospital, healthcare provided by internationally renowned doctors in conjunction with continuous research efforts build the foundation for contemporaneous evidence-based medicine in our everyday practice. Joint efforts are made to successfully treat a number of pathologies, such as diabetic retinopathy, degenerative maculopathy, chronic glaucoma, and infantile cataract via partnership of twelve ophthalmology sub-specialties, basic science, and additional support by collaborative academic centres and colleagues from other specialties. In Athens Eye Hospital, we abide by the principles of translational research and dedicate time to responsibly integrate key research findings with our practice, with the ultimate aim of patient care optimization. We believe in holistic patient-centered approach, as per Hippocrates’ model of medicine, whereby the patient and not the disease is treated. Thus, all patient needs are taken into consideration instead of restricting our care to eye health and vision problems. Applicable and reliable techniques for treatment of diseases which cause permanent loss of eye-sight include the implantation of special lenses in young children (congenital cataract, bag-in-the lens concept), glaucoma microsurgery
(canaloplasty, ab interno trabectome), retinal microsurgery especially for degenerative maculopathy, the use of brachytherapy and internal excision of choroidal tumours, and partial corneal transplantation combined with keratoprostheses and artificial cornea. Besides clinical investigations the scientific team of Athens Eye Hospital pursues basic, applied and traditional research projects in the field of physiological optics and vision. Athens Eye Hospital has developed a novel method for the analysis of corneal topography data. The method reveals the mechanical stress in the corneal tissue based on the analysis of corneal curvature and pachymetry data. This method may facilitate the better understanding of conditions such as keratoconus and also in the prognosis of their progression. In addition, Athens Eye Hospital is working to develop an artificial intelligence system to analyze the visual behavior of the individual patient, along with optical and anatomical data in order to develop a customized solution that will best meet the patient’s expectations. Often understanding and addressing the visual requirements and expectations of each individual patient can be challenging. This makes it difficult to decide what to offer to the patient making an individual specialized solution such as a multifocal intraocular lens. Our mission is to provide the best possible care in those who truly need it.
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DIAMONDS OF THE GREEK ECONOMY
2018
Ioulia Chaida Vice president, Iktinos Hellas
Export orientation has led to the company’s share of 20% of overall exports of Greek marble in both quantity and value terms I 68 I
The development of Iktinos Hellas sa And greek marble exports The word marble comes from the ancient Greek verb “mairmairo” which means “to glow”. Greece is a country historically linked to its marbles, having one of the greatest varieties of marbles and boasting of its indigenous pure white high quality marble that makes it unique worldwide. According to Stonenews.eu, which was based on the trade statistics of the International Trade Centre and the International Statistical Authorities, Greece holds the third place globally regarding the export of raw marble. Our country has outstripped Spain in value terms since 2016 and a year ago it surpassed Spain in quantity as well, now becoming third force worldwide. In 2017, Greece stunned international markets with the exponential increase of raw marble exports, setting a record high in value, quantity and price per ton. According to 2017 statistics, Turkey is leading in raw marble exports steadily followed by Italy, Greece and Spain. Target-markets are the crucial factor for the increase in export yield. So far, China has the biggest share in Greek marble exports (77%) as its construction sector is booming. Nevertheless, it must be taken under serious consideration that there is
a number of emerging economies with an increasing demand for marble products. Exports in these countries can certainly be a window of opportunity for aspiring companies in the field. In this way they will be able to reinforce and differentiate their international presence. IKTINOS HELLAS’ export orientation has led to the company’s share of 20% of overall exports of Greek marble in both quantity and value terms. IKTINOS exports up to 95% of its production to over 90 countries worldwide. China is the company’s main export destination, absorbing 50% of total exports in 2017 compared to 60% in 2016. One of the firm’s main goals is to further reduce exports to China in order to reduce financial dependence. Although China will remain one of our major export destinations, we seek to further expand to other markets in Asia and Arab countries. The company’s established policy is to invest in state-of-the-art equipment aiming at boosting productivity and qualitative improvement of the final product. Furthermore, research and development, mainly towards the acquisition of new deposits, especially white marble deposits, is an important factor that will contribute to the wider development of the company and higher infiltration into new markets.
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DIAMONDS OF THE GREEK ECONOMY
2018
Bella Azoidou Vice-President of Beleon Group
Constant development for Greece’s leading travel agency The popularity of Greek travel services has been growing rapidly in recent times. I can confidently state that this is based on data, gathered by Beleon Group, that demonstrate a steady increase in both the quantity and quality of bookings made: at the moment, our company has a 40-45% rise in the turnover of bookings compared to the previous year. At the same time, it is worth mentioning that the main engine for the development of the Greek travel industry is luxury tourism. In 2018, Greece mostly attracts the European markets, while Russia’s interest in our resorts is somewhat lower than what would be desirable for companies focused on clients from this country. This can be explained by the reopening of Turkey for Russian tourists, as well as the 2018 World Cup that will be held in Russia. Both aforementioned factors, however, did not affect the luxury niche of Greek tourism and wealthy Russians still choose Greek destinations for their vacations. This is partly also the merit of Beleon Group. Proper preparation for the 2018 travel season allowed us, apart from keeping our position, to also increase the turnover. Our winning strategy is based on three main pillars. The main asset of Beleon Group is the experience and cohesion of
The main asset of Beleon Group is the experience and cohesion of its team I 70 I
its team. Our professionals specialize in sales for the most popular destinations in Greece and Cyprus and Beleon Group’s regional offices in Rhodes, Crete, Halkidiki, Corfu and Limassol greatly support them. The annual high-quality contracting, with an emphasis on the guarantee blocks with the leading hotel brands of both countries, is equally important. The final aspect of our success is the extensive fleet of VIP class vehicles that is being expanded and updated every year. The efficient distribution of cars, mini-vans and spacious buses among all priority destinations allows us to fully meet the needs of our guests in means of transport, without involving third-party service providers to this process. All of this is very appreciated by our partners, and their trust directly affects the growth of our bookings. I need to mention one more important component of the Beleon Group’s activities, which is, in fact, applicable not only to our company, but also to the travel industry as a whole. That component is constant development. Along with the services already offered, we currently invest in a number of projects that are new to us. It is still too early to talk about the details, but the announcement will be made soon.
DIAMONDS OF THE GREEK ECONOMY
2018
Thanasis Mouchtis General Manager of PEI.FA.SYN. GROUP
Major changes in the health sector, globally and in drug retailing, require also an adjustment of the role of wholesalers I 72 I
Future trends in the pharmaceutical market and changes in the wholesale Changes in the global pharmaceutical market, as well as the new needs of healthcare market professionals (industry, pharmacies, patients, insurance organizations) do have an impact on the wholesale market. These require a readjustment of the identity and role of businesses active at wholesale level. The key role of cooperative pharmaceutical organizations so far and the needs covered in the past decades were the provision of logistics services by facilitating the supply of pharmacies at the frequency and quantities of medicines tailored to the needs of each pharmacy, and in many cases helping pharmacies by indirectly financing them. This function of cooperative pharmaceutical organizations has been for many decades the sole purpose of their existence. The establishment and operation of cooperative pharmaceutical organizations in many parts of the country further developed this role by offering additional services that drug stores needed to operate in an organized and evolving fashion. Such services included IT, equipment and software supply, professional and scientific training services (usually in cooperation with pharmaceutical companies), organization of pharmaceutical conferences, merchandising services and provision of specialized personnel for the development of consumer products, etc. All this has helped pharmacies to upgrade and be established in the market for many years. However, major changes in the health sector, globally and in drug retailing, require also an adjustment of the role of wholesalers. Given the pharmaceutical industry’s disposal for direct sales to pharmacies and even directly to patients, the traditional role of logistics - coupled with price cuts and profit margin reductions - is limited
and thus squeezes the profit margin. Increasing the share of high-cost drugs and their removal from distribution, as well as the prospect of generating individualized drug therapy, the particular and stringent requirements for supplying new biotechnology medicines with the specific requirements of patient reception and education, and the need to feed statistical data show that the previous model does not serve future industry needs. The future is digital, and wholesales will need to adjust not only their internal functions and processes, but also their services. Although effort for the development of a digital relationship between Wholesalers and Pharmacies is at a good level, the same does not apply for the relationship between Industry and Wholesalers. Connections for ordering and processing invoices (e.g. EDI) are almost non-existent. Healthcare information needs and requirements are constantly increasing. However, the pharmaceutical market is still structured, which makes extensive interaction between stakeholders impossible. In addition, the upcoming change in the pharmacy model in western countries, combined with the pharmaceutical care services it is called upon to provide, as well as changes in its internal organization and size, will require strategic partners/ suppliers who have the ability to innovate and support pharmacies with their own services, helping them to develop this new demanding model. Partnerships in this direction are of major importance to drug wholesalers, who have a key role to play, since of course they manage to adapt themselves. Adapting to an environment where all of the above are combined, requires strategic thinking out of the box.
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DIAMONDS OF THE GREEK ECONOMY
2018
Grigoris Moutafis President & General Manager of Export Credit Insurance Organization (ECIO)
...through its insurance & financing schemes, ECIO is committed to support Greek export companies to safely penetrate foreign markets I 74 I
ECIO – Export Credit Insurance, a tool of Financing The Export Credit Insurance Organization (ECIO) is a Public Entity uder Private Law, established in 1988. It is governed by a 7-member Board of Directors which is appointed by the supervising Ministry of Economy & Development. Backed by strong first class Reinsurance Treaties, with reserved capital reaching 170 million euros and with State Guarantee Capital amounting to 1.47 billion euros as it only regards to political risks, ECIO has the strength to ensure the credits given by the Greek exporters to foreign buyers, as well as, to offer a substantial contribution to their financing. ECIO is a member of the Berne Union’s “Prague Club”, the Global Association for Export Credit and Investment Insurers, which supports members in developing their export credit and investment insurance schemes and facilities. ECIO’s mission is to effectively contribute to a further development of the “Extroversion” of the Greek Economy. Therefore, through its insurance & financing schemes, ECIO is committed to support Greek export companies to safely penetrate foreign markets. ECIO is addressed to all Greek export companies, especially to small and medium sized ones, even those that are newly established in every sector of exports, regardless of their size, from the very first shipment. ECIO provides coverage to the export credits granted by Greek exporters to foreign buyers of Greek products, services or even projects against commercial and political risks of non-payment. ECIO also insures the investments undertaken abroad by Greek entrepreneurs against political risks. More specifically, ECIO offers a wide range of Insurance Programs outlined below: 1. Short-Term Export Credits, for exports of consumer goods: ● Single shipments ● “Whole turnover” (Global) Shipments 2. Medium-Long Term Export Credits, for exports of capital goods or construction works abroad due to be paid in 2 - 5 years or more: ● Insurance Programs for “Supplier Credits” ● Insurance Programs for “Buyer Credits” 3. Direct Investments Abroad. Aiming always at growth in exports, ECIO has started the pilot implementation of the
“Pre-shipment Insurance” program, which will ensure a direct financing in cooperation with Greek banks. Wishing not only to maintain but also to expand its key role in the sector of exports, insurance in ECIO consists a tool for financing «directly» the Greek export companies via the «ECIO - Extroversion” program. ECIO has entered into special contracts with Greek banks while maintaining committed funds for the support of the above program, thus enabling exporters to obtain financing at a particularly favorable interest rate. Furthermore, ECIO also supports indirectly the financing of export companies by allowing its insured clients-exporters to use their insurance policy as “collateral”. ECIO’S advantages ●D irect financing of the exporter via the «ECIO - Extroversion” program ●P ercentage of cover up to 95% of the insured value ●C overage of any type of export company, even newly established ●C ompetitive premium rate ●C overage even of a single export, regardless of the insured amount ●C overage even in “high risk” countries (N. Africa, M. East, N. America, Balkan countries, etc.) ● I nsurance & Financing even from the preshipment stage ●C overage of political risks ●P rotection of export company’s balance sheet through the reduction of bad debts ●R isk management tool for exporters by controlling and monitoring the solvency of foreign buyers ●S ignificantly improving the competitiveness of the Insureds through their safe expansion into new markets. In light of the above, we strongly support through our services the efforts of exporters towards extroversion. With respect to Greek export companies’ needs and peculiarities, ECIO is a useful «tool» for their competitiveness and safe development. Looking forward to providing you with further information over ECIO’s services, please don’t hesitate to contact us: Athens Head office: Tel. +30 211 9966200, email: oaep@oaep.gr Thessaloniki Branch: Tel. +30 2310 548718, email: eciothes@oaep.gr or visit ECIO’s website at www.ecio.gr
Megaron Athens International Conference Centre In Pursuit of Excellence An exceptional meetings venue offering stunning aesthetics and cutting edge technology. A landmark in the centre of a most unique city. Total offering of 143,000m2, 18 meeting spaces, expansive exhibition areas, sweeping foyers and extensive landscaped gardens.
www.maicc.gr + 30 210 72I 82 75 I 000
DIAMONDS OF THE GREEK ECONOMY
2018
Constantinos Patiris Managing Director, N|E|P|A Economic Consulting
We envision a dynamic, flexible and modern company in the wider field of services with the Accounting - Taxation Consulting triangle I 76 I
New Enterprising Progressive Accounting The increase of Greece’s GDP will be up to 2.5% both in 2018 and 2019, according to the European Commission’s forecast, which considers that “a firm commitment to structural reforms remains essential for sustainable growth”. The Greek economy is growing and an increase in growth rates is expected in 2018 and 2019, a development that will help to support employment. The key driver of rising growth in Greece is exports, but a significant role is played by the wider euro-area recovery from which the country benefits, as well as improved competitiveness through the structural reforms imposed. A gradual normalization of investments is foreseen, which in 2019 will be “dynamic growth”. There is a steady improvement in the Greek labor market and a general rebound in the business climate. This positive development is expected to help increase private consumption. Inflation stood at 1.1% in 2017, driven mainly by rising energy prices and indirect taxation. However, a reduction is envisaged in 2018. Generally speaking for the eurozone and the EU the Commission envisages an increase in growth over the period 2018-2019. GDP grew in the eurozone by 2.4% in 2017 from 2.2% in 2016. N | E | P | A ECONOMIC CONSULTING (New Enterprising Progressive Accounting ) is active in the provision of tax, accounting and business advisory services in order to
provide integrated solutions in the field of business. The high level of training of our associates and our experience enable us to effectively manage all aspects of our business. N | E | P | A ECONOMIC CONSULTING has combined knowledge and experience to provide complete services in the field of Accounting and Financial Services. Our services aim at tailoring the business and information needs of the customer with the requirements of the applicable legislation. As part of the ongoing changes in tax law, we provide valid and timely information to our customers, focusing on the needs and peculiarities of each business. Through a multi-year presence in the field of Tax Audit Consultants as a company we have gained the trust of our clients at all levels (knowledge, efficiency, effectiveness) and we are now confident to cover all kinds of business. Reliability is documented in the best possible way, from our customers. We envision a dynamic, flexible and modern company in the wider field of services with the Accounting - Taxation - Consulting triangle, in order to help in our own unique way in the development, efficiency and competitiveness of modern Greek enterprises that are invited to act in a volatile difficult international environment. We constantly invest in knowledge, technology and human resources. We seek and attach added value to our customers’ evolutionary outlook.
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DIAMONDS OF THE GREEK ECONOMY
2018
Apostolos Georgantzis CEO of ACS Postal Services S.A. & CEO of Quest Holdings
Throughout 2017, the company demonstrated a positive track record of growth in the entire range of its activities I 78 I
E-commerce growth drives the sector ACS SA, member of Quest Group, is the leading company in Greece’s courier services sector. Throughout 2017, the company demonstrated a positive track record of growth in the entire range of its activities, and its total revenue amounted to approximately €99 million (+9.9% compared to 2016). In 2017, revenue from courier postal services rose by approximately 8% compared to 2016, while revenue from mail postal services increased by approximately 16% compared to the previous year. Mail postal services are the company’s second main activity, following courier postal services, and account for 15% of the company’s total revenue. The company’s EBITDA rose to approximately €12.4 million (around 6% higher compared to 2016), whereas EBT reached approximately €11.2 million (around 5% higher compared to 2016). Growth of the company’s courier activity in 2017 was also favored by the general growth of the courier services market, which is expected to move in an upward trend in coming years, due to the ongoing growth of e-commerce. In this context, the company implements since late 2016 the 2nd phase of upgrading the distribution facilities in Attica, on a plot acquired in early 2015. This phase involves mainly the design and construction of a modern and high capacity sorting center, and it is planned to be completed around early 2020. The total investment is estimated to reach approximately €24 million.
In 2018, the courier services market is expected to continue rising, mainly due to e-commerce growth. At the same time, the company is planning upgrades of its IT infrastructure and new solutions for customers, as well as developing a point-of-sales network to better meet e-commerce customers’ needs, with a view to gradually increasing its market share. The mail postal services market is still declining, due to the gradual substitution of mail by electronic communications; however, there are prospects for revenue growth by increasing ACS’ share. Quest Group is one of the largest, dynamically growing and financially sound Greek Group of Companies, with activities in five (5) distinct areas – IT products Commerce, IT Services, Electronic Transactions, Postal Services and Green Energy. Quest Group generated revenue of €436m in 2017, with more than 16% (€70m approx.) accounting for customers abroad. The Group has a long history in business value creation, and over the last years has managed to grow on average by at least 10% on-year. The Group and its Companies mission is to create long term value for their customers, shareholders and stakeholders, and to play a leading role in the markets in which they operate, based on the principles of sustainable development, having as a driving force the people and the values of the Group.
Η ΖΩΗ ΕΊΝΑΊ ΕΝΑ ΤΑΞΊΔΊ ΥΓΕΊΑΣ O καθένας μας αντιμετωπίζει προκλήσεις υγείας μικρές ή μεγάλες, για μια ζωή ή μια στιγμή.
SAGR.SA.17.10.0475
Ως συνοδοιπόροι στο ταξίδι υγείας, εμείς, οι άνθρωποι της Sanofi, προσπαθούμε να σας βοηθήσουμε να ανταπεξέλθετε στις προκλήσεις υγείας και να συνεχίσετε να απολαμβάνετε τη ζωή σας στο έπακρο. Sanofi, Ενδυναμώνοντας τη ζωή. www.sanofi.com www.sanofi.gr I 79 I
DIAMONDS OF THE GREEK ECONOMY
2018
Athanasios Syrianos President and Chief Executive Officer of Hellenic Brewery of Atalanti
Greek Brewing Sector The Greek Brewing Sector comprises a vital mainstay of the Greek economy, consisting of approximately 40 Brewing Businesses of various sizes. Despite the tight financial and political circumstances that have been stressing the country the past 9 years, the brewing sector appears to have responded effectively in this crisis mainly thanks to its exporting activity, which is being expanded in a high pace in contrast with other food and refreshment segments of the Greek Market. Since 2009, production figures have demonstrated a slight decrease by 4,5% while brew consumption fell by only 1,5%. These negative outcomes were not exactly concerning, given the fact that amid a similar period the wine consumption declined by 9% and total alcohol consumption faced a decrease of 10%. These outcomes are emphatically associated with the socioeconomical changes taking place in Greece, followed by the continuous economic crisis and financial insecurity. The situation though has also created new opportunities for the brewing sector. Numerous microbreweries have
Microbreweries entreprneurs have been focusing on offering new and imaginative brew formulas I 80 I
surfaced across the country, as new visionary brewers began exploring new trends and ideas, thus creating new business ventures. This new “generation� of microbrewery entrepreneurs has been focusing on creating new and imaginative brewing formulas, succeeding to conquer an estimable share in the Greek market. It is worth noting that from 2009 till 2018 new microbrewery ventures are on a constant rise, setting a new era for the Greek Brewing Sector. Concerning the beer imports, a large portion of which derive from EU nations, it is worth noting that in 2017 the figures continue to decrease, presumably thanks to the continuous increase in demand for original Greek Beer as well as the revival of the Greek Brewing sector. Beer production and consumption figures in Greece are on the rise, indicating that the Greek breweries, although small, are destined for success. Their dynamic and passionate operation, as well as the indisputable quality of the beers they produce, set a new era for the Greek Brewing Sector, an era of continuous development and uprise.
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DIAMONDS OF THE GREEK ECONOMY
2018
George Ratsikas Administrative Director, Central Clinic
… Based on the successful financial model of having no loans but with stable and methodical development… I 82 I
The Central Clinic of Athens in the light of Health Care developments The Central Clinic of Athens, having completed 20 years of operation in the field of Private Health, continues to be a consistent Medical Unit providing high level Medical Services. In spite of the financial crisis, the continuing cuts in funding by the government Budget related to Private Health (Private Clinics, Medical Diagnostic Centers, etc.), the underfunding of EOPYY (Hellenic Public Health System), the Central Clinic of Athens continues to resist, operate and invest in the future with the acquisition of modern medical equipment and innovative invasive surgeries providing benefit to the patient and society. The rapid developments in the field of Private Health, with the successive mergers and acquisitions of Medical Groups by Investment Funds, will create a new oligopoly in private health care frame in 2018 and 2019 that will further squeeze the profit margin and the proper Clinics’ operation. Nevertheless, daily routine proves the confidence that the Central Clinic of Athens receives from the patients, Greeks and International, as well as from Physicians. The Central Clinic of Athens, apart from being contracted with EOPYY and the other Social Health Insurance (SHI) bodies, has expanded its partnerships with direct contracts with all Health Insurance Companies, as the latter recognize the combination of high quality health services
provided with a realistic price list for compensation. Strategically located in the center of Athens, the Central Clinic of Athens has also invested a lot in the field of Medical Tourism, having established important partnerships with Hotels located also in the heart of the capital center, Tour Operators and Cruise Ship Companies. In this direction, the other Medical Group Unit, the Central Clinic of Santorini, runs as the arm towards the development of medical tourism, as well as the creation of special partnerships with Foreign Insurance Companies that handle the primary and secondary health care of foreign tourists visiting Greece. Finally, the second consecutive PanHellenic Medical Meeting (Medical Congress) organized by the Central Clinic of Athens will be held in September 2018, with a large participation of delegates, Greek and distinguished Foreign Speakers, confirms our continued commitment in providing high-quality health services to the patients. Based on the successful financial model of having no loans but with stable and methodical development, the Central Clinic of Athens will continue to operate in 2018, adapting directly to the innovations of medical science, the challenges of economic indicators and looking ahead to the new era that will follow up the recent and upcoming mergers and acquisitions.
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DIAMONDS OF THE GREEK ECONOMY
2018
Evagelos Gizelis General Manager GIZELIS Robotics
Gizelis Robotics: We move your business to robotics era!
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Pioneer in his sector The “parent” firm of the Group, Gizelis S.A. was launched in 1968 and is specializing in producing the following sheet-metal processing machines: CNC Hydraulic Press brakes and CNC Hydraulic Shears. As we have gain a long of experience in industry and automation systems we decided to enter in the robotics technological field as integrators establishing a new company named Gizelis Robotics SA. Our Solutions Development & Integration (SD&I) team within Systems Integration (SI) is specifically focused on enabling clients to overcome complex systems integration challenges when delivering business driven, technology-enabled change across their organization. Our specialists help clients in designing and implementing fully integrated solutions across the organization’s own walls, and with its external partners, suppliers, and customers. Our end-to-end solutions encompass technology, people and data; span across front, middle and back offices; and are focused on quality, governance and control. We cover all aspects of systems integration including digital solutions, package integration, custom development and infrastructure. Our Robots can be involved in many different applications like welding – bending – machining – painting – palletizing and many more. Our engineers and technicians have a long-standing experience on robotics, with numerous of industrial applications in this field. The company can develop new applications and run all necessary trials needed to offer high-standard products and services. The company has acquired significant technological infrastructures. The product benefits are significant and undeniable, and the applications immense. With a focused and experienced management team behind the talented R&D team, Gizelis Robotics is wellpositioned to make the next big move a reality. Our unique, holistic approach for Robotics and System Automations is a true production solution that offers the boost that is required by an industry at any given time. No matter what stage of maturity a business is terms of its automated procedures, we can plan and implement a solid manufacturing solution.
lelosgroup.gr
The most modern and steadily growing pharmaceutical wholesaler group with activities extending into imports, trade, warehousing and distribution of pharmaceuticals, OTC, cosmetics and health products throughout Greece
Panhellenic Distribution Coverage Having established a strong distribution channel consisted of 9 pharmaceutical warehouses around Greece, we guarantee fast and secure delivery of pharmaceutical & OTC products with both our privately-owned fleet and trusted correspondents.
Technology is the key to our strategy We constantly invest in new technologies so we are always ahead of the competition. All of the Group’s wholesale warehouses are fully equipped with the most advanced ROWA robotic systems, KNAPP automated order picking systems and RF picking scanners.
Leader in the pharmaceutical supply chain We are a leader in the pharmaceutical supply chain industry, always operating in compliance with the European Commission guidelines on Good Distribution Practice of medicinal products.
Bulk Purchasing We have the widest range of OTC products at the best prices in the market as well as exclusive distribution agreements with strong European companies.
Εταιρία του οµίλου
BioPharm I 85 I
DIAMONDS OF THE GREEK ECONOMY
2018
Cyrille Dupont President of French-Hellenic Chamber of Commerce and Industry
..French Hellenic Chamber of Commerce and Industry has a key role to play in order to transform these business opportunities into reality. I 86 I
Greece : a new land of opportunities for investors? Around 150 French companies are present in Greece with more than 13.000 employees. They are active in many domains, among others: aerospace, agriculture, alcohols, automotive leasing, lubricants and oil & gas, construction, defense, energy, environment, insurance, mining, pharmaceutic, services, tourism, transport ... It has to be highlighted that, despite the economic crisis, most all of them decided to remain in Greece. These companies are usually established locally since decades and are deeply involved in the development of the Hellenic economy through long term partnerships with the private and public main actors. To invest, entrepreneurs are looking, first of all, for trust, stability and especially for a predictable legal, fiscal and administrative environment. Companies also particularly expect improvements towards tax policy, the too heavy bureaucratic system and in the field of the simplification of the administrative procedures. Greece offers many opportunities for French investors such as in environment (water and waste treatment), tourism (“4 seasons tourism”, mountain, thermal resorts) and infrastructure (highways, train, metro). Many French “world class champions” in those domains could play a significant role in Greece in close relation with private and public local players. The excellent bilateral relation and the climate of trust never denied between our two countries should definitely be a catalyst in the reinforcement and the development of the cooperation between
French and Greek entrepreneurs. In this perspective, the French Hellenic Chamber of Commerce and Industry has a key role to play in order to transform these business opportunities into reality. Entrepreneurs know that they can rely on the political support from both sides, in order to materialize the numerous potentialities into concrete achievements. As said before, environment and tourism are clearly identified targets for the French Hellenic Chamber of Commerce and Industry in 2018. But, infrastructure and agriculture are also at stake. The demonstrated successes of the “Business Forum” (“Forum des Affaires”) organized by the French Hellenic Chamber of Commerce and Industry evidence the restoration of the attractiveness of the Greek market for French investors. It has to be noted that most of these prospects are eligible to external funding’s, such as the ones coming from the European Union. Each market has its specificities. The Greek domestic market, even if limited, offers valuable opportunities in many “niche” sectors. To succeed in Greece, investors have to show patience and to select the proper partnerships. Greece is also an excellent starting point to address export markets, especially the Balkans region. Highly qualified and educated personnel are key assets of the country to successfully face the challenges of the new digital economy by leveraging the dynamism of the Hellenic innovation ecosystem turned to the technologies of the future.
›››››› DIAMONDS
OF THE GREEK ECONOMY 2018
THE MOST ADMIRED ENTERPRISES
››››››
6,584,471,000
5,992,446,000
-9.0
22,725,000
466,224,000
1951.6
2 MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.
PETROLEUM PRODUCTS
5,276,468,000
4,511,920,000 -14.5
291,798,000
392,804,000
34.6
3 GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A. (OPAP)
ENTERTAINMENT
1,167,601,000
1,152,655,000
-1.3
301,661,000
233,914,000
-22.5
4 PUBLIC POWER CORPORATION (PPC) S.A.
ENERGY
5,675,402,000
5,155,250,000
-9.2
-206,857,000
200,042,000
_
5 COSMOTE – MOBILE TELECOMMUNICATIONS S.A.
TELECOMUNICATIONS
1,165,011,000
1,121,907,000
-3.7
226,376,000
193,767,000
-14.4
6 INTERNATIONAL ATHENS AIRPORT S.A.
TRANSPORT COMPANIES
371,306,444
404,553,978
9.0
179,843,849
189,068,866
5.1
7 HELLENIC TELECOMMUNICATIONS ORGANIZATION (OTE) S.A.
TELECOMUNICATIONS
1,536,000,000
1,568,500,000
2.1
118,300,000
179,700,000
51.9
8 ALPHA BANK S.A.
BANK
1,822,515,000
2,227,636,000
22.2 -1,812,457,000
137,789,000
_
9 PUBLIC GAS CORPORATION OF GREECE S.A. (DEPA)
ENERGY
954,466,327
861,983,265
-9.7
1,188,632
125,948,944 10496.1
10 JUMBO S.A.
MISCELLANEOUS PRODUCTS
518,969,929
550,508,516
6.1
101,717,465
117,112,566
15.1
11 MYTILINEOS HOLDINGS S.A.
HOLDING COMPANIES
1,386,877,000
1,382,873,000
-0.3
104,078,000
108,791,000
4.5
001 - 045
Pre-Tax Income Change
PETROLEUM PRODUCTS
Sector
Pre-Tax Income 2016
1 HELLENIC PETROLEUM S.A.
Company Name
Pre-Tax Income 2015
Turnover 2016
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2015
2018
Turnover Change
DIAMONDS OF THE GREEK ECONOMY
12 ALFA BETA VASSILOPOULOS S.A.
SUPERMARKET
1,945,890,000
2,181,162,000
12.1
77,291,000
107,184,000
38.7
13 ΑΤΤΙΚΗ ODOS S.A.
SERVICES
162,779,074
171,211,853
5.2
93,101,741
103,204,827
10.9
14 KARELIA TOBACCO COMPANY INC.
TOBACCO PRODUCTS
629,520,000
646,740,000
2.7
83,350,000
88,290,000
5.9
15 NBG PANGEA REIC
REAL ESTATE
90,630,000
101,649,000
12.2
51,054,000
62,272,000
22.0
16 ETHNIKI, HELLENIC GENERAL INSURANCE CO. S.A.
INSURANCE
_
_
_
76,664,000
57,737,000
-24.7
17 INDEPENDENT POWER TRANSMISSION OPERATOR - ADMIE
ENERGY
264,601,000
248,613,000
-6.0
61,931,000
54,108,000
-12.6
18 AEGEAN AIRLINES S.A.
AIRLINES
921,710,090
891,534,000
-3.3
81,095,060
50,018,000
-38.3
19 HELLENIC GAS TRANSMISSION SYSTEM OPERATOR (DESFA) S.A.
ENERGY
149,158,000
169,652,000
13.7
25,145,000
49,786,000
98.0
20 Ι. & S. SKLAVENITIS S.A.
SUPERMARKET
1,304,718,000
1,398,357,000
7.2
31,816,000
44,167,000
38.8
21 HELLENIC DUTY FREE SHOPS S.A.
MISCELLANEOUS PRODUCTS
282,642,000
273,862,000
-3.1
51,120,000
43,921,000
-14.1
22 ATHENS WATER SUPPLY AND SEWERAGE COMPANY (EYDAP) S.A.
PUBLIC ENTERPRISES & ORGANISATIONS
324,248,000
328,820,000
1.4
56,343,000
41,340,000
-26.6
23 BIC VIOLEX S.A.
MISCELLANEOUS PRODUCTS
208,806,407
202,645,697
-3.0
48,783,829
40,717,372
-16.5
24 PCT – PIRAEUS CONTAINER TERMINAL S.A.
CARGO MANAGEMENT
140,573,180
160,022,599
13.8
36,877,353
40,290,312
9.3
25 MASOUTIS D. SUPERMARKET S.A.
SUPERMARKET
751,660,000
800,583,000
6.5
27,333,000
36,858,000
34.8
26 CHIPITA S.A.
FOOD PRODUCTS
103,451,000
114,582,000
10.8
13,187,000
31,099,000
135.8
27 PAVLIDIS MARBLE-GRANITE S.A.
NON MINERAL
50,511,355
62,220,278
23.2
19,091,935
31,097,231
62.9
28 CH. ROKAS – ARCADIA METAL INDUSTRY S.A.
METAL PRODUCTS
54,483,000
53,269,000
-2.2
38,368,000
31,056,000
-19.1
29 PENTE S.A.
SUPERMARKET
472,995,331
519,061,137
9.7
18,824,875
30,298,760
61.0
30 METKA S.A.
METAL PRODUCTS
411,924,000
280,644,000 -31.9
47,167,000
28,667,000
-39.2
31 GAS SUPPLY COMPANY OF THESSALONIKI S.A.
ENERGY
136,257,821
114,923,300 -15.7
32 F.H.L. KYRIAKIDIS GROUP
NON MINERAL
33 TELEPERFORMANCE S.A. (DIAL-SERVICE 800)
30,867,505
27,778,174
-10.0
42,135,807
65,573,616
55.6
10,147,264
27,707,236
173.1
SERVICES
104,225,753
126,090,920
21.0
19,280,997
27,261,241
41.4
34 PAPASTRATOS TOBACCO COMPANY S.A.
TOBACCO PRODUCTS
274,155,035
291,633,208
6.4
7,890,876
27,143,508
244.0
35 ELVAL HELLENIC ALUMINIUM INDUSTRY S.A.
METAL PRODUCTS
449,636,709
771,012,877
71.5
15,133,978
27,055,670
78.8
36 GRIVALIA PROPERTIES REIC
REAL ESTATE
46,377,000
50,045,000
7.9
54,805,000
26,829,000
-51.0
37 PIRAEUS INSURANCE AGENCY S.A.
INSURANCE
38,377,783
34,336,940 -10.5
32,124,443
24,481,922
-23.8
38 TEKAL S.A.
CONSTRUCTION COMPANIES
30,164,067
53,864,286
4,354,376
23,613,140
442.3
39 EUROBANK EFG FACTORS S.A.
SERVICES
25,661,927
27,346,742
6.6
21,951,874
23,097,148
5.2
40 IMERYS INDUSTRIAL MINERALS GREECE S.A.
NON MINERAL
105,280,000
98,948,000
-6.0
-19,416,000
22,766,000
_
41 TITAN CEMENT COMPANY S.A.
NON MINERAL
273,193,000
262,475,000
-3.9
63,619,000
22,706,000
-64.3
42 ALUMINIUM S.A. (absorbed by Mytilineos)
METAL WORKS
601,429,000
562,471,000
-6.5
40,628,000
22,469,000
-44.7
43 CORAL S.A. (ex SHELL HELLAS S.A.)
PETROLEUM PRODUCTS
1,630,569,000
1,546,333,000
-5.2
4,336,000
22,181,000
411.6
128,690,000
140,059,000
8.8
17,292,000
22,163,000
28.2
73,048,000
73,278,000
0.3
20,754,000
21,568,000
3.9
44 PLASTIKA KRITIS S.A. 45
I 88 I
THESSALONIKI WATER SUPPLY & SEWERAGE COMPANY (EYATH) S.A.
PLASTICS - RUBBER PUBLIC ENTERPRISES & ORGANISATIONS
78.6
I 89 I
46 AUTOHELLAS (HERTZ) S.A.
CAR RENTAL
47 THESSALONIKI PORT AUTHORITY S.A.
SERVICES
48 MINOAN LINES S.A.
Pre-Tax Income Change
Pre-Tax Income 2016
141,239,691
161,432,358
14.3
24,032,367
21,345,786
-11.2
50,881,605
48,061,529
-5.5
24,514,352
21,081,796
-14.0
TRANSPORT COMPANIES
162,077,000
149,864,000
-7.5
16,214,000
20,830,000
28.5
49 EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A.
INSURANCE
172,655,000
167,685,000
-2.9
16,077,000
20,616,000
28.2
50 COCA - COLA HBC LTD
MISCELLANEOUS
158,900,000
55,800,000 -64.9
121,700,000
20,600,000
-83.1
51 AXA INSURANCE S.A.
INSURANCE
151,143,000
147,734,000
-2.3
19,981,000
20,080,000
0.5
52 TEMES S.A.
HOTELS
43,502,881
42,726,125
-1.8
-13,408,228
20,001,306
_
53 OLYMPIC S.A. (AVIS)
CAR RENTAL
152,282,000
163,191,000
7.2
13,682,000
19,354,000
41.5
54 KENTRIKI ODOS S.A.
TRANSPORTATION
121,102,955
145,493,974
20.1
2,326,526
19,346,771
731.6
55 TERNA ENERGY S.A.
CONSTRUCTION COMPANIES
91,746,000
107,433,000
17.1
3,097,000
18,726,000
504.6
56 DEMO S.A.
PHARMACEUTICALS DETERGENTS
123,333,187
136,328,806
10.5
18,984,548
17,883,633
-5.8
57 BP OIL HELLENIC S.A.
PETROLEUM PRODUCTS
198,388,632
194,761,433
-1.8
7,189,680
17,046,340
137.1
119,439,867
129,999,910
8.8
14,437,229
16,299,802
12.9
120,722,091
140,243,961
16.2
11,240,658
15,108,885
34.4
59,739,367
59,734,382
-0.0
10,622,104
15,067,554
41.9
101,632,517
58 L’OREAL HELLAS S.A. 59 GR. SARANTIS S.A. 60 DOW HELLAS S.A.
046 - 087
Sector
Pre-Tax Income 2015
Company Name
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
2018
Turnover 2015
DIAMONDS OF THE GREEK ECONOMY
PHARMACEUTICALS COSMETICS PHARMACEUTICALS DETERGENTS CHEMICAL PRODUCTS
61 AGROINVEST S.A.
FOOD PRODUCTS
94,546,298
7.5
8,168,251
15,063,851
84.4
62 ATTIKI GAS SUPPLY CO. S.A.
ENERGY
66,967,875
56,850,867 -15.1
25,572,926
15,001,491
-41.3
63 PPC RENEWABLES S.A..
ENERGY
28,199,599
30,813,956
9.3
16,611,785
14,862,386
-10.5
64 EPIROTIKI BOTTLING CO. “VIKOS” S.A.
BEVERAGES - SPIRITS
64,231,632
67,721,356
5.4
11,948,613
14,555,166
21.8
65 EL.TECH. ANEMOS S.A.
ENERGY
37,161,089
42,464,603
14.3
11,373,737
14,538,854
27.8
66 PUBLIC PROPERTIES COMPANY S.A.
PUBLIC ENTERPRISES & ORGANISATIONS
37,748,293
46,590,214
23.4
-40,331,736
14,398,360
_
67 PYLAIA S.A.
REAL ESTATE
21,738,089
21,840,000
0.5
1,111,038
14,340,000
1190.7
68 ABC FACTORS S.A.
FACTORING
21,642,729
19,110,421 -11.7
16,434,008
14,187,113
-13.7
69 LEASEPLAN HELLAS S.A.
CAR RENTAL
69,389,009
86,209,598
24.2
10,616,544
14,169,544
33.5
70 BIOIATRIKI S.A.
MEDICAL SERVICES
86,750,421
89,385,697
3.0
8,124,151
14,120,222
73.8
2,125,600,000
2,019,842,000
-5.0
39,431,000
13,845,000
-64.9
71
HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR (HEDNO) S.A.
ENERGY
72 CORINTH PIPEWORKS S.A.
METAL PRODUCTS
257,169,631
210,694,839 -18.1
5,468,462
13,771,308
151.8
73 ATHENIAN BREWERY S.A.
BEVERAGES - SPIRITS
308,606,778
321,628,672
4.2
-16,838,029
13,397,576
_
PHARMACEUTICALS COSMETICS PHARMACEUTICALS DETERGENTS PHARMACEUTICALS DETERGENTS
341,738,645
329,493,783
-3.6
18,011,436
13,395,765
-25.6
210,269,984
228,865,965
8.8
9,072,728
12,974,854
43.0
150,383,892
156,460,711
4.0
13,374,027
12,755,137
-4.6
77 SELONDA AQUACULTURE S.A.
FOOD PRODUCTS
140,396,584
169,957,246
21.1
-4,148,743
12,561,581
_
78 D. KORONAKIS S.A.
MISCELLANEOUS PRODUCTS
44,625,237
41,747,457
-6.4
13,025,880
12,554,491
-3.6
79 PFIZER HELLAS S.A.
PHARMACEUTICALS COSMETICS
229,353,204
238,727,450
4.1
5,729,776
12,517,772
118.5
80 METRO S.A.
SUPERMARKET
736,243,483
1,104,487,875
50.0
20,837,196
12,446,485
-40.3
81 LAMDA DOMI S.A.
REAL ESTATE
20,230,000
20,550,000
1.6
18,050,000
12,240,000
-32.2
82 GERMANOS S.A.
MOBILE TELEPHONY
317,708,000
304,875,000
-4.0
-1,888,000
12,143,000
_
83 ATTICA DEPARTMENT STORE S.A.
CLOTHING - FOOTWEAR
158,014,174
166,978,943
5.7
10,547,286
11,605,470
10.0
84 LARSINOS S.A.
NON MINERAL
51,777,506
80,363,724
55.2
4,758,177
11,478,423
141.2
85 INTERCOMM FOODS S.A.
FOOD PRODUCTS
83,298,278
81,316,554
-2.4
10,485,667
11,247,655
7.3
86 SOYA HELLAS S.A.
FOOD PRODUCTS
261,028,621
251,713,412
-3.6
11,380,065
11,071,375
-2.7
87 PIRAEUS PORT AUTHORITY S.A. (OLP)
SERVICES
99,880,455
103,496,607
3.6
9,772,290
11,039,463
13.0
74 NOVARTIS HELLAS S.A. 75 VIANEX S.A. 76 PHARMATHEN S.A.
I 90 I
6.0
9,087,000
11,024,000
21.3
SUPERMARKET
134,155,408
155,368,657
15.8
8,275,895
11,008,133
33.0
90 GENESIS PHARMA S.A.
PHARMACEUTICALS COSMETICS
102,434,763
99,417,735
-2.9
13,620,797
10,963,048
-19.5
91 PELOPONNESE WIND POWER S.A.
ENERGY
25,820,000
25,110,000
-2.7
11,260,000
10,770,000
-4.4
92 ACS S.A.
COURIER SERVICES
81,159,000
89,993,000
10.9
6,011,000
10,754,000
78.9
93 SHELL & MOH AVIATION FUELS S.A.
PETROLEUM PRODUCTS
208,801,980
177,896,000 -14.8
8,792,676
10,097,000
14.8
94 OPTIMA S.A.
FOOD PRODUCTS
108,774,617
127,499,494
17.2
9,633,966
10,083,350
4.7
95 E. I. PAPADOPOULOS S.A.
FOOD PRODUCTS
135,576,830
142,716,377
5.3
10,593,276
10,013,763
-5.5
96 ARGO S.A.
PLASTICS - RUBBER
27,506,230
28,723,242
4.4
5,474,499
9,830,674
79.6
97 PAVLOS N. PETTAS S.A.
FOOD PRODUCTS
123,381,451
134,459,868
9.0
10,802,574
9,818,462
-9.1
98 DSGI SOUTH-EAST EUROPE S.A.
ELECTRICAL APPLIANCES
365,829,433
407,877,709
11.5
6,773,496
9,704,157
43.3
99 TOYOTA HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
148,693,521
170,144,068
14.4
3,454,876
9,583,643
177.4
100 INTRALOT S.A.
INFORMATION TECHNOLOGY
76,582,000
65,547,000 -14.4
2,424,000
9,410,000
288.2
101 ELPEN PHARMACEUTICAL CO. INC. S.A.
PHARMACEUTICALS DETERGENTS
102 GAIA OSE S.A.
TRANSPORTATION
103 LAMDA OLYMPIA VILLAGE S.A.
088 - 130
88 KARATZIS INDUSTRIAL AND HOTEL ENTERPRISES S.A.
PACKAGING
89 CHALKIADAKIS S.A.
Pre-Tax Income Change
65,853,000
Sector
Pre-Tax Income 2016
62,107,000
Company Name
Pre-Tax Income 2015
Turnover 2016
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2015
2018
Turnover Change
DIAMONDS OF THE GREEK ECONOMY
119,784,368
125,204,191
4.5
4,916,263
9,297,610
89.1
4,187,035
5,740,448
37.1
3,561,902
9,138,845
156.6
REAL ESTATE
32,160,609
32,233,353
0.2
-3,416,176
9,075,562
_
104 MEDIPRIME S.A.
SCIENTIFIC & MEDICAL DEVICES
27,693,144
28,970,887
4.6
8,533,312
8,998,720
5.5
105 THESSALONIKI TECHNICAL WORKS COMPANY S.A. (ETETH)
CONSTRUCTION COMPANIES
21,424,703
28,137,000
31.3
6,848,520
8,974,000
31.0
106 VIVECHROM DR ST. D. PATERAS S.A.
CHEMICAL PRODUCTS
44,516,069
51,534,896
15.8
6,735,706
8,936,067
32.7
107 SPECIFAR S.A.
PHARMACEUTICALS DETERGENTS
69,652,092
64,861,658
-6.9
5,205,083
8,452,314
62.4
108 OTE INTERNATIONAL SOLUTIONS S.A.
TELECOMUNICATIONS
315,659,991
341,119,947
8.1
7,842,016
8,285,483
5.7
109 HELLENIC DOUGH – ARABATZIS S.A.
FOOD PRODUCTS
61,609,000
67,179,000
9.0
8,370,000
8,258,000
-1.3
110 GLAROS PAPER INDUSTRY S.A.
PAPER
24,734,049
27,009,030
9.2
6,318,874
8,201,397
29.8
111 FLEXOPACK S.A.
PLASTICS - RUBBER
62,271,000
67,416,000
8.3
6,575,000
8,175,000
24.3
112 KRI KRI MILK INDUSTRY S.A.
FOOD PRODUCTS
66,950,798
66,570,168
-0.6
4,294,909
8,161,529
90.0
113 ELAIS-UNILEVER HELLAS S.A.
FOODS, REFRESHMENTS, PERSONAL & HOME CARE
419,644,062
400,950,309
-4.5
1,385,620
8,090,717
483.9
114 TH. NITSIAKOS S.A.
FOOD PRODUCTS
236,705,541
301,470,991
27.4
4,083,567
8,038,957
96.9
115 MERCEDES-BENZ HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
135,934,244
163,415,832
20.2
6,779,159
7,990,868
17.9
116 PIRAEUS INSURANCE & REINSURANCE BROKERAGE S.A.
INSURANCE
7,056,669
8,031,616
13.8
6,025,461
7,924,944
31.5
117 HENKEL HELLAS SA.
PERSONAL & HOME CARE
85,151,320
96,930,810
13.8
1,806,050
7,922,550
338.7
118 H. B. BODY S.A.
CHEMICAL PRODUCTS
35,969,704
36,207,263
0.7
8,073,342
7,895,624
-2.2
119 AEGEAN MOTORWAY S.A.
CONSTRUCTION COMPANIES
146,164,186
158,022,176
8.1
10,940,547
7,785,819
-28.8
120 IBM HELLAS S.A.
OFFICE DEVICES
78,350,000
82,887,000
5.8
5,138,000
7,743,000
50.7
121 BIOMAR HELLENIC S.A.
FOOD PRODUCTS
53,699,991
64,429,985
20.0
2,601,854
7,717,463
196.6
122 HELLENIC DAIRY-FARMS S.A.
FOOD PRODUCTS
238,624,847
224,952,645
-5.7
17,919,750
7,632,927
-57.4
123 ROLEX HELLAS S.A.
WATCHES
57,572,934
50,028,704 -13.1
5,940,133
7,489,539
26.1
124 JOHNSON & JOHNSON HELLAS S.A.
PHARMACEUTICALS DETERGENTS
91,408,996
103,770,523
13.5
-15,909,646
7,378,764
_
125 FOURLIS HOLDINGS S.A.
HOLDING COMPANIES
3,986,000
3,965,000
-0.5
-1,430,000
7,243,000
_
126 B&F COMMERCIAL & GARMENT INDUSTRIES S.A.
CLOTHING
56,421,774
62,805,612
11.3
4,687,146
7,116,245
51.8
127 SKYSERV S.A.
TRANSPORTATION
25,279,043
33,978,094
34.4
-10,280,616
6,986,398
_
128 MEDITERRANEAN SHIPPING COMPANY HELLAS S.A.
SERVICES
53,677,816
57,202,974
6.6
6,113,734
6,985,544
14.3
129 NEWREST HELLAS S.A.
FOOD PRODUCTS
40,503,545
43,183,920
6.6
5,874,213
6,907,371
17.6
130 COOPER PHARMACEUTICALS S.A.
PHARMACEUTICALS DETERGENTS
17,864,205
25,803,921
44.4
2,974,053
6,773,885
127.8
I 92 I
I 93 I
37,256,247
36,501,919
-2.0
3,044,094
6,757,832
122.0
SERVICES
70,614,000
78,708,000
11.5
8,095,000
6,736,000
-16.8
133 BALAKANAKIS BROS S.A.
FOOD PRODUCTS
42,276,761
47,545,872
12.5
6,953,037
6,711,298
-3.5
134 LUXOTTICA HELLAS S.A.
MISCELLANEOUS PRODUCTS
25,563,826
27,126,516
6.1
5,606,259
6,637,308
18.4
131 - 175
Pre-Tax Income Change
FOOD PRODUCTS
132 COSMOTE Ε-VALUE S.A.
Sector
Pre-Tax Income 2016
131 EURIMAC S.A.
Company Name
Pre-Tax Income 2015
Turnover 2016
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2015
2018
Turnover Change
DIAMONDS OF THE GREEK ECONOMY
135 TASTY FOODS S.A.
FOOD PRODUCTS
97,262,563
98,892,080
1.7
922,572
6,632,162
618.9
136 FIBRAN D. ANASTASIADIS S.A.
PLASTICS - RUBBER
29,474,444
36,830,346
25.0
4,261,228
6,605,695
55.0
137 PLAISIO COMPUTERS S.A.
OFFICE DEVICES
267,796,000
279,020,000
4.2
9,294,000
6,548,000
-29.5
138 INTERBANKING SYSTEMS “DIAS” S.A.
FINANCIAL SERVICES
13,217,273
13,625,959
3.1
6,449,826
6,516,397
1.0
165,421,191
175,043,934
5.8
68,996,699
6,509,000
-90.6
45,319,625
47,765,609
5.4
5,645,097
6,439,569
14.1
106,161,720
112,535,038
6.0
7,951,526
6,411,417
-19.4
40,290,685 241.1
-2,012,793
6,401,042
_
139 NIREUS AQUACULTURE S.A.
FOOD PRODUCTS
140 ATTIKES DIADROMES S.A.
SERVICES
141 NOKIA SOLUTIONS & NETWORKS HELLAS S.A.
ELECTRICAL SUPPLIES
142 GREGORY’S MICROMEALS – GEORGATOS S.A.
FOOD PRODUCTS
11,810,469
143 HELLENIC SEAWAYS S.A.
TRANSPORTATION
128,896,000
131,542,000
2.1
-20,131,000
6,392,000
_
144 MOUSTAKAS G.N. S.A.
MISCELLANEOUS PRODUCTS
44,602,419
52,085,093
16.8
3,176,513
6,320,240
99.0
145 ALCHIMICA S.A.
CHEMICAL PRODUCTS
31,367,133
31,385,701
0.1
6,590,745
6,295,638
-4.5
146 HEWLETT PACKARD HELLAS LTD
OFFICE DEVICES
44,369,750
43,442,256
-2.1
9,978,636
6,262,311
-37.2
147 GENERAL MOTORS HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
83,584,144
97,752,591
17.0
1,253,360
6,252,173
398.8
148 BARILLA HELLAS S.A.
FOOD PRODUCTS
72,889,363
71,686,156
-1.7
4,370,026
6,228,171
42.5
149 JANSSEN - CILAG PHARMACEUTICALS S.A.C.I.
PHARMACEUTICALS COSMETICS
115,980,887
105,664,275
-8.9
3,941,131
6,225,662
58.0
9,880,000 -19.9
150 UPSTREAM S.A.
INFORMATION TECHNOLOGY
12,338,756
1,286,037
6,220,000
383.7
151 SMIRDEX S.A.
NON MINERAL
13,265,040
15,714,603
18.5
5,056,978
6,212,226
22.8
152 HERON THERMOELECTRIC S.A.
ENERGY
131,381,000
193,725,000
47.5
7,326,000
6,192,000
-15.5
153 FREZYDERM S.A.
PHARMACEUTICALS DETERGENTS
33,261,829
39,806,527
19.7
5,149,662
6,170,559
19.8
196,276,457
224,084,519
14.2
2,093,491
6,050,474
189.0
4,406,395
4,723,896
7.2
8,272,680
6,007,737
-27.4
123,001,908
113,084,952
-8.1
7,974,219
5,860,076
-26.5
15,558,000
0.4
6,036,000
5,851,000
-3.1
9,412,714 -15.2
154 ZARA HELLAS S.A.
CLOTHING - FOOTWEAR
155 INTERCONTINENTAL INTERNATIONAL REIC
REAL ESTATE
156 SEKA BUNKERING STATIONS S.A.
PETROLEUM PRODUCTS
157 DIAXON S.A.
PLASTICS - RUBBER
15,498,000
158 THASSOS MARBLE D.N. HARITOPOULOS S.A.
NON MINERAL
11,099,767
8,538,984
5,850,845
-31.5
159 PALIRRIA SOULIOTIS S.A.
FOOD PRODUCTS
39,698,241
39,026,967
-1.7
6,975,598
5,757,551
-17.5
160 LAMPSA HELLENIC HOTELS S.A.
HOTELS
41,443,000
42,072,000
1.5
5,212,000
5,751,000
10.3
161 MONOTEZ S.A.
PLASTICS - RUBBER
73,268,196
68,817,912
-6.1
6,218,826
5,717,862
-8.1
162 MULTY FOAM S.A.
PLASTICS - RUBBER
24,014,469
25,247,479
5.1
4,637,141
5,692,639
22.8
163 MELISSA KIKIZAS FOOD PRODUCTS S.A.
FOOD PRODUCTS
58,733,389
56,729,890
-3.4
3,154,719
5,685,483
80.2
164 KAFEA S.A.
COFFEE PRODUCTS
41,128,500
39,830,000
-3.2
6,527,708
5,680,000
-13.0
165 ZANCOU SHOES S.A.
FOOTWEAR
25,872,975
28,965,493
12.0
3,361,709
5,673,618
68.8
166 DODONI S.A.
FOOD PRODUCTS
95,449,318
100,449,092
5.2
5,224,389
5,616,564
7.5
167 MEGARA RESINS - FANIS ANASTASSIOS S.A.
CHEMICAL PRODUCTS
42,306,409
42,828,712
1.2
3,121,813
5,543,457
77.6
168 NESTLE HELLAS S.A.
FOOD PRODUCTS
365,426,715
372,881,521
2.0
10,731,719
5,506,909
-48.7
169 VODAFONE - PANAFON S.A.
COMMUNICATIONS
843,344,279
853,400,000
1.2
-15,919,041
5,400,000
_
170 “OLYMP” KONSTANTOPOULOS S.A.
FOOD PRODUCTS
38,411,706
37,810,000
-1.6
5,386,770
5,340,000
-0.9
171 ALLIANZ HELLAS INSURANCE COMPANY S.A.
INSURANCE
81,797,000
83,187,000
1.7
10,331,000
5,315,000
-48.6
172 GIOTIS S.A.
FOOD PRODUCTS
70,342,188
72,984,750
3.8
4,979,127
5,305,075
6.5
173 ATHENS STOCK EXCHANGE S.A.
STOCK EXCHANGE
18,050,000
14,151,000 -21.6
14,790,000
5,293,000
-64.2
174 SYSTEMS SUNLIGHT S.A.
ELECTRICAL SUPPLIES
175 KONKAT S.A.
CONSTRUCTION COMPANIES
I 94 I
136,554,756
168,434,865
23.3
1,868,192
5,270,973
182.1
19,585,964
17,932,602
-8.4
3,013,717
5,263,708
74.7
I 95 I
83,800,000
90,828,000
8.4
3,975,000
5,259,000
32.3
ENERGY
11,305,000
10,117,000 -10.5
6,024,000
5,258,000
-12.7
178 CLOUD HELLAS S.A.
REAL ESTATE
179 IMPERIAL TOBACCO HELLAS S.A.
5,575,000
5,596,000
0.4
4,643,000
5,236,000
12.8
TOBACCO PRODUCTS
65,938,697
67,204,247
1.9
5,255,912
5,230,388
-0.5
180 CHATZILAZAROU Ι. S.A.
HOTELS
17,899,633
18,032,705
0.7
6,085,833
5,185,168
-14.8
181 ALTEC INTEGRATION S.A.
OFFICE DEVICES
810,577
786,265
-3.0
-3,458,532
5,182,870
_
182 ELINOIL S.A.
PETROLEUM PRODUCTS
1,023,594,303
1,285,376,895
25.6
4,203,130
5,165,196
22.9
183 ARGOTECH BOZATZIDIS – MITSIOLIDIS S.A.
AGRICULTURAL MACHINES
35,732,957 -33.7
11,916,759
5,115,035
-57.1
184 MEGA DISPOSABLES S.A.
PAPER
10.5
6,101,851
5,092,192
-16.5
185 BOLTON HELLAS S.A.
PHARMACEUTICALS DETERGENTS
41,707,754
31,356,181 -24.8
5,676,516
5,089,252
-10.3
186 OLYMPIC CATERING S.A.
FOOD PRODUCTS
28,777,000
30,010,000
4.3
-1,720,000
5,072,000
_
187 ENVIRONMENTAL PROTECTION ENGINEERING S.A.
CONSTRUCTION COMPANIES
25,778,591
29,120,423
13.0
4,484,260
5,066,865
13.0
188 ATTICA TERRA FOOD AND DRINKS S.A.
FOOD PRODUCTS
17,184,841
23,210,348
35.1
3,818,669
5,029,217
31.7
189 GOLDAIR HANDLING S.A.
TRANSPORTATION
54,581,207
59,030,000
8.2
3,649,174
4,950,000
35.6
40,553,445
26,954,988 -33.5
-3,243,163
4,942,909
_
67,052,822
67,711,921
1.0
4,073,926
4,941,734
21.3
6,318,361
6,306,989
-0.2
3,432,080
4,937,329
43.9
190 LUNDBECK HELLAS S.A. 191 RECKITT BENCKISER HELLAS CHEMICALS S.A.
176 - 219
Pre-Tax Income Change
CLOTHING - FOOTWEAR
177 AIOLIKI PASTRA ATTIKIS S.A.
Sector
Pre-Tax Income 2016
176 INTERSPORT ATHLETICS S.A.
Company Name
Pre-Tax Income 2015
Turnover 2016
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2015
2018
Turnover Change
DIAMONDS OF THE GREEK ECONOMY
PHARMACEUTICALS COSMETICS PHARMACEUTICALS DETERGENTS
53,857,763 134,517,065
148,577,699
192 GYALOU S.A.
REAL ESTATE
193 REA MATERNITY HOSPITAL S.A.
MEDICAL SERVICES
32,210,292
31,693,198
-1.6
3,408,389
4,912,680
44.1
194 ATLAS TAPES S.A.
PLASTICS - RUBBER
72,341,911
70,194,777
-3.0
2,185,772
4,906,407
124.5
195 ION COCOA & CHOCOLATE MANUFACTURERS S.A.
FOOD PRODUCTS
104,444,586
107,885,229
3.3
1,511,072
4,901,039
224.3
196 ABBVIE S.A.
PHARMACEUTICAL PRODUCTS
55,939,186
65,444,976
17.0
3,350,157
4,890,798
46.0
197 AMVYX S.A.
BEVERAGES - SPIRITS
43,328,813
62,790,000
44.9
3,520,019
4,870,000
38.4
198 S. KARYDAKIS S.A.
PRINTING
17,249,884
19,150,304
11.0
3,062,965
4,846,013
58.2
199 MOREAS S.A.
TRANSPORTATION
86,100,000 136.9
200 H & M HENNES & MAURITZ S.A.
CLOTHING - FOOTWEAR
201 ARIVIA S.A.
FOOD PRODUCTS
202 HERMES S.A.
PETROLEUM PRODUCTS
203 BEIERSDORF HELLAS S.A.
COSMETICS
204 BMW HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
205 HELLENIC JUICES S.A.
36,337,325 144,084,754 10,295,694
-23,089,055
4,820,000
_
9.3
4,609,413
4,778,076
3.7
37,943,442 268.5
-1,323,581
4,769,297
_
157,497,549
450,779,000
480,037,000
6.5
3,618,000
4,766,000
31.7
43,069,207
43,252,136
0.4
5,051,546
4,750,402
-6.0
112,632,015
142,494,282
26.5
4,439,949
4,734,120
6.6
BEVERAGES - SPIRITS
26,359,200
24,672,112
-6.4
4,577,604
4,695,779
2.6
206 KAMARIDIS GLOBAL WIRE S.A.
METAL PRODUCTS
39,308,728
41,145,059
4.7
3,711,373
4,695,194
26.5
ERNST & YOUNG (HELLAS) 207 CERTIFIED AUDITORS ACCOUNTANTS S.A.
FINANCIAL SERVICES
33,628,558
40,400,000
20.1
2,295,259
4,680,000
103.9
208 DEAS S.A.
FOOD PRODUCTS
40,722,600
39,520,000
-3.0
5,909,127
4,670,000
-21.0
209 COSMOS ALUMINIUM S.A.
METALLIC PRODUCTS
70,769,000
68,952,000
-2.6
4,741,000
4,662,000
-1.7
210 ELVIAL S.A.
ALUMINUM PRODUCTS
46,298,593
55,914,882
20.8
4,011,326
4,661,991
16.2
211 PHARMASERVE – LILLY S.A.
PHARMACEUTICALS COSMETICS
93,317,817
84,479,942
-9.5
7,817,906
4,641,676
-40.6
212 LOULIS MILLS S.A.
FOOD PRODUCTS
101,371,750
96,536,741
-4.8
3,012,237
4,586,228
52.3
213 YARA HELLAS S.A.
CHEMICAL PRODUCTS
91,625,889
82,710,000
-9.7
7,340,003
4,570,000
-37.7
214 PAPAFILIS MILLS S.A.
FOOD PRODUCTS
46,483,616
38,571,129 -17.0
1,734,920
4,569,837
163.4
215 SYMETAL S.A.
CONSTRUCTION COMPANIES
4,597,014
151,790,000 3201.9
-2,273,306
4,560,000
_
216 ESPERIA GROUP S.A.
HOTELS
217 BIOKOSMOS S.A.
SCIENTIFIC & MEDICAL DEVICES
218 MERCK SHARP & DOHME S.A.
PHARMACEUTICALS COSMETICS
219 TERNA ENERGEIAKI EVROU S.A.
ENERGY
I 96 I
28,627,266
29,951,679
4.6
3,711,984
4,556,328
22.7
9,920,677
11,726,463
18.2
2,430,478
4,548,001
87.1
172,044,668
162,823,683
-5.4
8,406,732
4,534,441
-46.1
7,351,000
7,149,000
-2.7
4,151,000
4,506,000
8.6
Leading European provider of advanced diagnostic imaging, outpatient and cancer care services.
244 medical centres
16
countries in Europe
6.5
million patients / year
7600 professionals
1250 diagnostic and cancer care modalities*
13 mil examinations/year
* MRI units and CT scanners
I 97 I
28,057,423
30,667,059
9.3
1,957,065
4,498,803
129.9
221 FRIGO STAHL S.A.
CONSTRUCTION COMPANIES
23,118,098
35,200,000
52.3
1,675,936
4,480,000
167.3
222 EKO CALYPSO SOLE SHAREHOLDER CO. LTD.
PETROLEUM PRODUCTS
308,316,000
312,569,000
1.4
4,784,000
4,444,000
-7.1
223 MARIS POLYMERS S.A.
CHEMICAL PRODUCTS
17,643,257
19,222,439
9.0
4,502,850
4,440,306
-1.4
224 ABBOTT LABORATORIES HELLAS S.A.
PHARMACEUTICALS COSMETICS
43,099,830
40,139,525
-6.9
2,285,703
4,414,595
93.1
225 YALCO - S.D. CONSTANTINOU & SON S.A.
ELECTRICAL APPLIANCES
17,630,415
17,168,304
-2.6
-3,852,861
4,381,846
_
226 ASTIR VITOGIANNIS BROS S.A.
METAL PRODUCTS
22,012,422
20,301,040
-7.8
5,413,503
4,366,687
-19.3
227 ANTIPOLLUTION S.A.
SERVICES
15,708,299
14,883,835
-5.2
5,428,742
4,352,668
-19.8
228 “THE MANNA” BAKERY, N. TSATSARONAKIS S.A.
FOOD PRODUCTS
10,531,962
10,788,809
2.4
4,245,321
4,239,457
-0.1
229 MICREL MEDICAL DEVICES S.A.
MISCELLANEOUS PRODUCTS
14,119,060
14,285,728
1.2
5,059,638
4,219,655
-16.6
220 - 264
Pre-Tax Income Change
HOTELS
Sector
Pre-Tax Income 2016
220 CARAVEL HOTELS S.A.
Company Name
Pre-Tax Income 2015
Turnover 2016
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2015
2018
Turnover Change
DIAMONDS OF THE GREEK ECONOMY
230 SOYA MILLS S.A.
FOOD PRODUCTS
193,216,774
196,630,000
1.8
4,911,818
4,210,000
-14.3
231 e-TRAVEL S.A.
TOURISM ENTERPISES
24,057,859
28,910,000
20.2
3,248,011
4,210,000
29.6
232 PRICEWATERHOUSECOOPERS BUSINESS SOLUTIONS S.A.
FINANCIAL SERVICES
30,502,075
32,730,000
7.3
5,788,813
4,200,000
-27.4
233 HEMPEL COATINGS (HELLAS) S.A.
CHEMICALS - PAINTS
47,360,615
29,238,932 -38.3
4,443,515
4,184,842
-5.8
234 PRAKTIKER HELLAS S.A.
FURNITURE - RUGS - LIGHTING
235 KPMG ADVISORS S.A.
SERVICES
236 SAMSUNG ELECTRONICS HELLAS S.A.
167,059,367
177,529,780
6.3
3,047,075
4,164,870
36.7
15,937,374
15,950,000
0.1
5,413,473
4,160,000
-23.2
MOBILE TELEPHONY
208,204,000
211,060,000
1.4
4,888,000
4,150,000
-15.1
237 VITAFARM - PHARMACEUTICAL CENTRE S.A.
PHARMACEUTICALS COSMETICS
121,966,435
140,109,706
14.9
4,650,953
4,109,710
-11.6
238 VRICO S.A.
METALLIC PRODUCTS
24,957,938
30,069,491
20.5
1,887,138
4,095,205
117.0
239 BARBA STATHIS S.A.
FOOD PRODUCTS
89,590,000
86,521,000
-3.4
5,402,000
4,086,000
-24.4
240 PROMETAL S.A.
METALLIC PRODUCTS
75,374,224
69,210,696
-8.2
4,344,789
4,069,374
-6.3
241 ALPHA ASTIKA AKINITA S.A.
REAL ESTATE
10,294,640
10,282,980
-0.1
4,164,605
4,028,781
-3.3
242 TOMI S.A.
CONSTRUCTION COMPANIES
29,397,660
38,040,350
29.4
370,190
4,022,252
986.5
243 MABIZ S.A.
FOOD PRODUCTS
27,923,870
22,105,489 -20.8
5,619,575
3,990,246
-29.0
PHARMACEUTICALS COSMETICS
36,847,770
50,512,094
37.1
2,387,209
3,979,651
66.7
4,053,802 -25.8
244
IFET - INSTITUTE OF PHARMACEUTICAL RESEARCH & TECHNOLOGY S.A.
245 IONIAN HOLDINGS S.A.
HOLDING COMPANIES
5,377,996
3,971,349
-26.2
246 MERMEREN KOMBINAT AD PRILEP
NON MINERAL
16,307,620
16,638,331
2.0
5,485,460
3,946,602
-28.1
247 SECAVIN BUNKERING STATIONS S.A.
PETROLEUM PRODUCTS
93,706,827
79,529,452 -15.1
3,171,276
3,908,845
23.3
248 ELECTRA S.A.
HOTELS
249 BIRROS HELLENIC QUARRIES SA 250 PET CITY S.A.
5,462,637
9,769,500
9,947,534
1.8
4,000,660
3,845,053
-3.9
NON MINERAL
15,937,263
17,413,197
9.3
2,058,632
3,826,002
85.9
MISCELLANEOUS PRODUCTS
30,339,751
31,893,307
5.1
2,398,219
3,804,623
58.6
251 EXTRACO S.A.
CHEMICALS - PAINTS
18,326,230
19,115,691
4.3
2,296,867
3,798,357
65.4
252 BEAL S.A.
ENERGY
15,274,855
16,439,760
7.6
4,054,652
3,777,580
-6.8
253 MEGAPLAST S.A.
PLASTICS - RUBBER
24,301,588
25,735,362
5.9
4,673,293
3,774,979
-19.2
254 ALFA AGRICULTURAL SUPPLIES S.A.
CHEMICAL PRODUCTS
42,099,332
45,340,000
7.7
3,200,456
3,740,000
16.9
255 NBG ASSET MANAGEMENT S.A.
FINANCIAL SERVICES
12,719,939
11,400,553 -10.4
5,009,480
3,731,232
-25.5
256 THRACE PLASTICS PACK S.A.
PLASTICS - RUBBER
41,595,486
46,140,000
10.9
2,238,309
3,710,000
65.8
257 BRETAS LTD
FOOD PRODUCTS
20,968,216
23,825,931
13.6
3,210,328
3,702,037
15.3
258 XEROX HELLAS S.A.
OFFICE DEVICES
30,382,775
28,510,000
-6.2
5,733,814
3,690,000
-35.6
259 EXPRESS PUBLISHING S.A.
PUBLICATIONS - PRINTING
26,037,220
25,677,824
-1.4
2,267,413
3,689,723
62.7
260 GAVRIEL DEM. & CO. LTD
CHEMICAL PRODUCTS
29,916,880
29,699,950
-0.7
3,813,040
3,679,736
-3.5
261 HONDOS ATINI S.A.
PHARMACEUTICALS COSMETICS
52,505,688
52,492,269
-0.0
3,055,151
3,646,349
19.4
262 MARMOR SG “STONE GROUP INTERNATIONAL” S.A,
NON MINERAL
32,984,060
32,894,687
-0.3
2,597,433
3,620,583
39.4
263 ELGEKA S.A.
FOOD PRODUCTS
59,745,000
54,323,000
-9.1
-6,416,000
3,616,000
_
264 KARALIS S.A.
FOOD PRODUCTS
23,440,889
29,700,674
26.7
3,517,258
3,610,955
2.7
I 98 I
I 99 I
15,578,462
17,758,044
14.0
3,251,828
3,606,716
10.9
INFORMATION TECHNOLOGY
29,984,894
31,900,000
6.4
3,495,128
3,590,000
2.7
267 TRAINOSE S.A.
TRANSPORT COMPANIES
68,736,371
60,828,116 -11.5
2,749,866
3,587,069
30.4
268 ANDRIKOPOULOS S.A.
SUPERMARKET
45,232,645
52,360,000
15.8
2,645,720
3,540,000
33.8
269 “ALFA” KOUKOUTARIS Α. S.A.
FOOD PRODUCTS
26,690,852
29,007,000
8.7
3,194,844
3,514,267
10.0
270 AGRIFREDA S.A.
FOOD PRODUCTS
22,224,244
25,886,879
16.5
2,536,692
3,509,624
38.4
271 HELLENICA S.A.
PHARMACEUTICALS DETERGENTS
30,642,735
33,773,800
10.2
2,842,112
3,501,547
23.2
272 TORRE E. GLATZOUNIS S.A.
FOOD PRODUCTS
21,085,395
22,796,965
8.1
2,620,833
3,497,151
33.4
273 IRIDA S.A.
FOOD PRODUCTS
48,218,947
57,160,000
18.5
3,384,001
3,490,000
3.1
274 (ATTICA MEATS) VOUDOURIS – KONSTAS S.A.
FOOD PRODUCTS
111,560,507
96,760,103 -13.3
6,583,535
3,472,544
-47.3
275 MYRTEA S.A.
PETROLEUM PRODUCTS
251,774,000
248,457,000
-1.3
2,676,000
3,465,000
29.5
276 VENETIS S.A.
FOOD PRODUCTS
32,668,000
31,873,000
-2.4
4,501,000
3,463,000
-23.1
277 ENERGEIAKI DERVENOCHORION S.A.
ENERGY
7,235,000 -14.7
4,089,000
3,446,000
-15.7
278 AS COMPANY S.A.
MISCELLANEOUS PRODUCTS
21,428,804
25,109,787
17.2
2,257,769
3,422,852
51.6
279 SCA HYGIENE PRODUCTS S.A.
PHARMACEUTICALS COSMETICS
44,404,588
40,767,710
-8.2
1,575,353
3,401,439
115.9
280 DANAIS S.A.
FOOD PRODUCTS
24,345,614
23,660,482
-2.8
3,256,938
3,378,931
3.7
281 PIONEER HI-BRED HELLAS S.A.
MISCELLANEOUS PRODUCTS
282 PROTERGIA S.A.
ENERGY
283 TUPPERWARE HELLAS S.A.
PLASTICS - RUBBER
284 C.P.W. HELLAS S.A.
FOOD PRODUCTS
285 EDPS S.A.
SERVICES
286 CROWN HELLAS CAN PACKAGING MANUFACTURERS S.A.
METAL PRODUCTS
287 ATHENS MEDICAL CENTRE S.A.
MEDICAL SERVICES
153,602,878
288 HOSPITAL LINE S.A.
SCIENTIFIC & MEDICAL DEVICES
289 S. & E. & A. METAXA S.A. 290 THEODOROU AUTOMATION SAICT
265 - 310
8,478,000
Pre-Tax Income Change
CLOTHING - FOOTWEAR
266 MICROSOFT HELLAS S.A.
Sector
Pre-Tax Income 2016
265 IOAKIMIDIS G. S.A.
Company Name
Pre-Tax Income 2015
Turnover 2016
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2015
2018
Turnover Change
DIAMONDS OF THE GREEK ECONOMY
31,062,351
30,493,923
-1.8
3,138,102
3,361,116
7.1
123,933,522
242,920,000
96.0
-15,159,774
3,360,000
_
43,989,566
38,369,388 -12.8
5,980,194
3,355,665
-43.9
35,383,657
33,914,921
-4.2
2,663,817
3,347,164
25.7
3,197,489
5,682,816
77.7
1,456,512
3,344,875
129.6
146,435,664
153,041,731
4.5
57,448,863
3,336,952
-94.2
162,676,475
5.9
-16,267,658
3,336,090
_
14,703,323
12,801,133 -12.9
4,132,340
3,328,251
-19.5
BEVERAGES - SPIRITS
22,459,622
23,091,941
2.8
1,333,001
3,311,412
148.4
MACHINERY
19,009,811
18,106,376
-4.8
3,406,106
3,304,833
-3.0
291 VEPAL S.A.
METALLIC PRODUCTS
17,066,770
24,730,466
44.9
2,328,773
3,299,936
41.7
292 ISOMAT S.A.
CHEMICAL PRODUCTS
41,329,584
42,590,172
3.1
5,711,819
3,296,449
-42.3
293 CHITOS S.A..
BEVERAGES - SPIRITS
43,352,237
43,517,568
0.4
3,063,789
3,288,363
7.3
294 ALPHA ASSET MANAGEMENT S.A.
SERVICES
17,859,920
16,633,795
-6.9
2,227,628
3,256,977
46.2
295 HOUSE MARKET S.A.
FURNITURE - RUGS - LIGHTING
196,372,000
200,312,000
2.0
684,000
3,238,000
373.4
296 SARKK S.A.
CLOTHING - FOOTWEAR
23,849,544
27,332,097
14.6
2,324,517
3,214,056
38.3
297 GATTEGNO, DANIEL S., & SON S.A.
FOOD PRODUCTS
19,639,121
25,511,875
29.9
2,738,497
3,202,793
17.0
298 ASEA BROWN BOVERI S.A.
ELECTRICAL SUPPLIES
83,199,240
86,562,175
4.0
-228,377
3,200,815
_
299 IAPONIKI S.A.
TRANSPORTATION MEANS & SPARE PARTS
36,543,004
42,918,637
17.4
2,479,455
3,199,291
29.0
300 ENERGEIAKI SERVOUNIOU S.A.
ENERGY
4,844,000
5,287,000
9.1
1,976,000
3,186,000
61.2
301 KAFKAS S.A.
ELECTRICAL SUPPLIES
109,803,630
122,400,000
11.5
4,845,916
3,180,000
-34.4
302 AVIN OIL S.A.
PETROLEUM PRODUCTS
889,121,000
1,119,511,000
25.9
-1,065,000
3,156,000
_
303 AENORASIS S.A.
SCIENTIFIC & MEDICAL DEVICES
33,534,387
36,579,326
9.1
2,446,833
3,103,707
26.8
304 GLOBAL FINANCE S.A.
FINANCIAL SERVICES
2,246,564
870,577 -61.2
175,469
3,094,608
1663.6
305 SCHUR FLEXIBLES ABR S.A.
PLASTICS - RUBBER
48,575,377
43,772,108
-9.9
2,851,099
3,084,677
8.2
306 A. HATZOPOULOS S.A.
PACKAGING
64,867,968
67,351,062
3.8
2,019,343
3,070,173
52.0
307 MAKIOS S.A.
TRANSPORT COMPANIES
34,263,430
30,123,236 -12.1
1,634,637
3,062,415
87.3
308 PULL AND BEAR S.A.
CLOTHING - FOOTWEAR
48,089,707
48,583,809
2,491,406
3,055,292
22.6
309 NIMOS S.A.
FOOD PRODUCTS
9,432,519
5,921,267 -37.2
-454,462
3,051,761
_
310 SYN INNOVATION LAB S.A.
SERVICES
5,798,228
9,640,470
1,668,579
3,048,559
82.7
I 100 I
1.0 66.3
I 101 I
311 ELLINIKI AIOLIKI S.A.
ENERGY
312 BLUE STAR FERRIES MARITIME S.A.
TRANSPORT COMPANIES
313 STELIOS KANAKIS S.A.
Pre-Tax Income Change
Pre-Tax Income 2016
7,190,052
7,613,045
5.9
2,981,829
2,993,141
0.4
152,572,000
147,003,000
-3.7
15,967,000
2,993,000
-81.3
FOOD PRODUCTS
18,082,529
18,577,038
2.7
2,616,407
2,985,385
14.1
314 NEOKEM S.A.
CHEMICAL PRODUCTS
14,330,241
15,765,012
10.0
1,693,461
2,971,289
75.5
315 GILEAD SCIENCES HELLAS SOLE SHAREHOLDER CO. LTD
PHARMACEUTICALS COSMETICS
74,022,567
63,065,615 -14.8
2,536,750
2,957,585
16.6
316 SWISSPORT HELLAS S.A.
AIRLINES
7,048,630
6,083,056 -13.7
-181,297
2,940,456
_
317 PLOUSOS-SIFAKIS S.A.
CONSTRUCTION MATERIALS
7,144,646
8,558,900
19.8
34,910
2,932,654
8300.6
318 NEUROSOFT S.A.
SERVICES
12,406,463
8,690,000 -30.0
2,662,614
2,930,000
10.0
319 KROMIDAKIS S.A.
HOTELS
13,578,882
16,759,328
23.4
63,687
2,913,635
4474.9
320 WONDERPLANT S.A.
AGRICULTURAL ENTERPRISES
17,827,034
16,588,476
-6.9
2,790,800
2,883,595
3.3
321 NIKOS GLEOUDIS KAVEX S.A.
TOBACCO PRODUCTS
26,164,210
23,921,044
-8.6
3,346,910
2,882,880
-13.9
322 KOLIOS S.A.
FOOD PRODUCTS
89,697,483
94,433,831
5.3
279,082
2,878,654
931.5
323 OLYMPIA ELECTRONICS S.A.
ELECTRICAL APPLIANCES
14,264,706
15,667,745
9.8
1,943,551
2,868,129
47.6
324 EOLIKI LAYKOY S.A.
ENERGY
10,092,976
11,260,000
11.6
1,671,185
2,850,000
70.5
57,597,933
80,787,756
40.3
493,692
2,847,957
476.9
56,270,770
60,067,986
6.7
2,600,583
2,836,024
9.1
325 FIAT GROUP AUTOMOBILES HELLAS S.A. 326 ESTEE LAUDER HELLAS S.A.
311 - 354
Sector
Pre-Tax Income 2015
Company Name
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
2018
Turnover 2015
DIAMONDS OF THE GREEK ECONOMY
TRANSPORTATION MEANS & SPARE PARTS PHARMACEUTICALS COSMETICS
327 KEPENOS MILLS S.A.
FOOD PRODUCTS
34,008,237
33,575,675
-1.3
1,321,025
2,813,844
113.0
328 EPIRUS S.A.
FOOD PRODUCTS
34,784,024
40,253,781
15.7
2,405,846
2,777,519
15.4
329 HDVS HELLENIC DEFENCE VEHICLE SYSTEMS S.A.
TRANSPORTATION MEANS
26,841,102
19,220,000 -28.4
330 ASTERAS TRIPOLI F.C.
FOOTBALL CLUBS
331 GEFSINUS S.A.
4,643,323
2,770,000
-40.3
3,769,001
4,100,000
8.8
2,624,287
2,770,000
5.6
SERVICES
18,338,639
27,403,850
49.4
818,465
2,761,195
237.4
332 GEKE S.A.
HOTELS
9,541,263
9,151,562
-4.1
3,768,320
2,748,606
-27.1
333 BAZAAR S.A.
SUPERMARKET
130,698,482
154,911,235
18.5
992,552
2,747,995
176.9
334 G.B. GEORGAKOPOULOS S.A.
TRANSPORTATION MEANS & SPARE PARTS
16,147,303
18,074,943
11.9
1,940,688
2,746,719
41.5
335 LOUX MARLAFEKAS S.A.
BEVERAGES - SPIRITS
30,003,513
31,756,659
5.8
3,467,093
2,738,117
-21.0
336 AVIAREPS HELLAS S.A.
TRANSPORT COMPANIES
112,417 -86.3
2,600,699
2,697,285
3.7
337 SPANOS S.A. (BMW)
TRANSPORTATION MEANS & SPARE PARTS
51,521,542
68,440,054
32.8
2,534,749
2,689,623
6.1
338 LUNCHEON MEAT OF EVROS S.A.
FOOD PRODUCTS
39,336,150
41,822,234
6.3
5,586,939
2,689,116
-51.9
339 MASSIMO DUTTI HELLAS S.A.
CLOTHING - FOOTWEAR
26,578,755
29,410,414
10.7
1,445,795
2,679,498
85.3
340 ASTERAS // ASTIR S.A.
HOTELS
5,735,881 -12.2
3,232,620
2,658,685
-17.8
341 PETROS PETROPOULOS S.A.
MACHINERY
80,097,000
93,101,000
16.2
1,402,000
2,636,000
88.0
342 PAPAYIANNIS BROS GREEK HALVA PRODUCERS S.A.
FOOD PRODUCTS
16,112,589
18,498,294
14.8
495,658
2,633,966
431.4
343 SAFCO S.A.
TRANSPORTATION
5,765,115
6,285,661
9.0
2,062,142
2,629,184
27.5
344 STERGIOU FAMILY S.A.
FOOD PRODUCTS
21,629,877
22,318,053
3.2
3,973,839
2,618,215
-34.1
345 ZARA HOME HELLAS S.A.
FURNITURE - RUGS - LIGHTING
17,204,463
18,365,461
6.7
2,289,217
2,616,359
14.3
346 GAP S.A.
PHARMACEUTICALS DETERGENTS
32,905,588
34,551,334
5.0
5,047,968
2,613,041
-48.2
347 KARAGIORGOU N. BROS S.A.
TEXTILES
89,902,998
73,550,000 -18.2
4,721,617
2,610,000
-44.7
348 3M HELLAS SOLE SHAREHOLDER CO. LTD
MISCELLANEOUS PRODUCTS
33,199,862
36,718,505
10.6
2,059,479
2,590,035
25.8
349 ERGOTEM S.A.
CONSTRUCTION COMPANIES
13,318,164
20,813,839
56.3
390,213
2,588,655
563.4
350 BITSAKOS, G. & P., AQUACULTURE S.A.
FOOD PRODUCTS
10,855,647
17,564,344
61.8
361,072
2,584,690
615.8
351 PR. PAVLIDIS S.A.
FOOD PRODUCTS
60,636,569
53,606,486 -11.6
7,852,652
2,570,582
-67.3
352 MEDITERRANEAN HOLIDAY DIALYSIS CENTER S.A.
MEDICAL SERVICES
12,427,495
12,740,000
2.5
2,962,671
2,570,000
-13.3
353 EMV S.A.
ENERGY
9,959,376
9,855,956
-1.0
3,002,082
2,568,317
-14.4
354 LARIPLAST - TSEREPA BROS S.A.
PLASTICS - RUBBER
20,177,052
18,796,556
-6.8
447,381
2,556,467
471.4
I 102 I
818,196
6,534,932
I 103 I
Pre-Tax Income Change
Pre-Tax Income 2016
355 SOVEL – GREEK STEEL PROCESSING COMPANY S.A.
METAL PRODUCTS
207,640,379
256,881,649
23.7
-10,395,452
2,551,621
_
356 POWER HEALTH HELLAS S.A.
FOOD PRODUCTS
13,532,992
12,664,006
-6.4
2,157,482
2,542,736
17.9
357 ROUPAS Α. HERACLES LTD
FOOD PRODUCTS
10,662,245
15,732,024
47.5
1,106,046
2,527,707
128.5
358 HELLENIC BREWERIES OF ATALANTI S.A.
BEVERAGES - SPIRITS
13,454,000
30,502,000 126.7
176,000
2,527,000
1335.8
359 E.B.C. S.A.
HOLDING COMPANIES
4,076,486
1,456,047 -64.3
4,017,507
2,523,309
-37.2
INTERMED PHARMACEUTICAL LABORATORIES, 360 TSETI I. & ΕIR. S.A.
PHARMACEUTICALS DETERGENTS
17,626,981
20,452,338
16.0
1,305,260
2,519,869
93.1
361 KOTRONIS PLASTICS S.A.
PLASTICS - RUBBER
12,791,530
15,386,960
20.3
1,904,011
2,500,047
31.3
362 HUAWEI TECHNOLOGIES S.A.
ELECTRICAL SUPPLIES
108,967,861
153,301,613
40.7
3,054,659
2,499,637
-18.2
363 TSABASSIS S.A.
FOOD PRODUCTS
11,079,250
11,319,681
2.2
2,522,415
2,490,604
-1.3
364 SEFCO ZEELANDIA S.A.
FOOD PRODUCTS
15,523,795
16,660,079
7.3
1,209,664
2,489,014
105.8
365 NUNTIUS HELLENIC BROKERS S.A.
BROKERS
10,649,044
29,836,107 180.2
332,664
2,487,842
647.9
366 DELPHI - DISTOMON S.A.
MINES
19,448,000
19,614,000
0.9
2,584,000
2,482,000
-3.9
367 HOTOS S.A.
FOOD PRODUCTS
19,189,477
19,967,450
4.1
2,622,625
2,470,548
-5.8
368 WOOD WELL ZYMARIDIS S.A.
FURNITURE - RUGS - LIGHTING
15,196,073
17,379,551
14.4
1,531,836
2,468,777
61.2
369 LEFKOSIDIROURGIA KAVALAS S.A.
METAL PRODUCTS
13,760,009
14,840,000
7.8
1,902,277
2,460,000
29.3
370 DIMITROKALIS, K., S.A.
HOTELS
5,669,389
5,952,916
5.0
2,467,624
2,458,707
-0.4
17,755,225
17,709,733
-0.3
2,243,738
2,444,377
8.9
19,094,445
21,761,206
14.0
2,194,510
2,439,132
11.1
371 VOCATE PHARMACEUTICALS S.A. 372 GKORGKOLIS S.A.
355 - 397
Sector
Pre-Tax Income 2015
Company Name
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
2018
Turnover 2015
DIAMONDS OF THE GREEK ECONOMY
PHARMACEUTICALS DETERGENTS TRANSPORTATION MEANS & SPARE PARTS
373 MAXI S.A.
PAPER
39,122,911
39,113,795
-0.0
1,225,504
2,428,483
98.2
374 SEPTONA S.A.
MISCELLANEOUS PRODUCTS
40,988,046
44,712,803
9.1
2,847,051
2,427,304
-14.7
375 AKMI EDUCATIONAL COMPANY S.A.
SERVICES
20,289,147
22,578,481
11.3
2,026,067
2,427,090
19.8
376 GENEPHARM S.A.
PHARMACEUTICALS DETERGENTS
33,324,052
34,160,395
2.5
1,867,287
2,423,962
29.8
377 ΖΙΚΟ S.A.
CHEMICAL PRODUCTS
17,946,388
19,839,449
10.5
2,304,502
2,412,912
4.7
378 AIOLIKI RACHOULAS DERVENOCHORION S.A.
ENERGY
7,884,000
7,808,000
-1.0
2,326,000
2,408,000
3.5
379 MACEDONIA-THRACE BREWERY S.A.
BEVERAGES - SPIRITS
17,930,005
19,373,761
8.1
1,562,323
2,403,617
53.8
380 AUTOTECHNICA HELLAS S.A.
TRANSPORTATION MEANS
19,921,668
97,374,726 388.8
95,513
2,390,866
2403.2
381 BASF HELLAS S.A.
CHEMICAL PRODUCTS
40,218,612
40,323,614
0.3
2,562,569
2,387,077
-6.8
382 SOSIMEX S.A.
HOTELS
11,957,522
11,643,736
-2.6
2,478,376
2,384,748
-3.8
383 ELTON INTERNATIONAL TRADING CO. S.A.
CHEMICALS - PAINTS
71,549,840
74,200,098
3.7
2,150,405
2,379,054
10.6
384 OYSHO HELLAS S.A.
CLOTHING - FOOTWEAR
20,025,352
22,831,273
14.0
1,496,386
2,377,459
58.9
385 APIVITA S.A.
PHARMACEUTICALS DETERGENTS
28,767,473
34,231,498
19.0
295,119
2,377,060
705.5
386 INDROFEX LTD
FOOD PRODUCTS
12,710,621
12,876,882
1.3
1,687,488
2,373,404
40.6
387 KOUKAKIS FARM S.A.
FOOD PRODUCTS
21,251,321
24,000,074
12.9
414,278
2,368,463
471.7
388 ZEUS S.A.
HOTELS
5,594,575
6,773,859
21.1
626,716
2,363,593
277.1
389 ERETBO S.A.
CONSTRUCTION COMPANIES
6,414,196
7,571,748
18.0
1,216,895
2,359,215
93.9
APOLLONIA - HELLENIC TOURISM & HOTEL ENTERPRISES OF 390 CRETE S.A.
HOTELS
11,114,061
12,118,240
9.0
2,671,988
2,350,917
-12.0
391 ASTRON CHEMICALS S.A.
CHEMICALS - PAINTS
32,628,140
36,368,918
11.5
1,950,858
2,329,273
19.4
392 VOLCANO VIEW HOTEL S.A.
TOURISM ENTERPISES
6,243,197
6,855,647
9.8
2,446,956
2,305,636
-5.8
393 GLAXOSMITHKLINE S.A.
PHARMACEUTICALS COSMETICS
148,566,425
125,262,735 -15.7
4,890,903
2,304,675
-52.9
394 ADIDAS HELLAS S.A.
CLOTHING - FOOTWEAR
21.9
1,799,218
2,302,718
28.0
395 ELANTHI S.A.
FOOD PRODUCTS
39,755,576 468.5
1,599,554
2,300,055
43.8
396 PROVIROM LTD
CHEMICAL PRODUCTS
11,395,943
11,726,290
2.9
2,423,283
2,297,880
-5.2
397 VIACAR S.A.
TRANSPORTATION MEANS & SPARE PARTS
20,102,931
25,601,523
27.4
1,896,308
2,297,363
21.1
I 104 I
72,561,160 6,993,456
88,427,372
I 105 I
48,721,621
61,950,000
27.2
1,968,821
2,290,000
16.3
399 LITTLE ACRE MILK FARM S.A.
FOOD PRODUCTS
49,225,073
55,104,482
11.9
1,822,322
2,279,846
25.1
400 GIANNIDIS BROS S.A.
CHEMICAL PRODUCTS
30,697,345
31,189,946
1.6
346,242
2,275,475
557.2
401 KATRIS RHODES HOTEL BUSINESS S.A.
HOTELS
9,265,981
9,753,975
5.3
1,863,147
2,250,380
20.8
FINANCIAL SERVICES
26,227,122
25,914,323
-1.2
2,916,056
2,244,327
-23.0
403 MLS MULTIMEDIA S.A.
INFORMATION TECHNOLOGY
21,403,713
25,382,367
18.6
2,218,165
2,241,160
1.0
404 SEVEN STARS S.A.
HOTELS
15,110,622
16,518,131
9.3
1,959,497
2,234,633
14.0
405 MOTO TREND S.A.
TRANSPORTATION MEANS & SPARE PARTS
10,813,183
12,041,123
11.4
1,846,588
2,223,155
20.4
406 ALUFONT S.A.
METALLIC PRODUCTS
5,059,880
6,120,000
21.0
1,201,775
2,220,000
84.7
407 PHARMASERVICE S.A.
PHARMACEUTICALS COSMETICS
123,684,616
134,213,956
8.5
2,379,044
2,219,966
-6.7
408 GOUNTSIDIS S.A.
SUPERMARKET
48,453,886
50,827,087
4.9
1,662,784
2,204,780
32.6
409 PRICEWATERHOUSECOOPERS S.A.
SERVICES
34,908,258
36,220,000
3.8
1,544,202
2,190,000
41.8
410 DIMOPOULOS S.A.
CONSTRUCTION COMPANIES
15,748,300
17,792,700
13.0
3,512,143
2,177,227
-38.0
411 ACHINOPODI S.A.
HOTELS
6,741,162
7,007,071
3.9
3,022,563
2,170,936
-28.2
412 NASSOPOULOS BROS S.A.
FOOD PRODUCTS
54,231,128
54,801,035
1.1
2,525,443
2,170,614
-14.1
413 GALENICA PHARMACEUTICAL INDUSTRY S.A.
PHARMACEUTICALS DETERGENTS
29,737,183
36,592,851
23.1
483,079
2,141,977
343.4
414 PORTES MELATHRON S.A.
HOTELS
12,011,966
13,087,001
8.9
2,036,200
2,137,629
5.0
415 NORTHERN GREECE CERAMICS S.A.
NON MINERAL
22,932,151
22,780,000
-0.7
1,165,137
2,120,000
82.0
416 KASIDIS S.A.
FOOD PRODUCTS
35,802,781
39,339,960
9.9
1,908,460
2,117,711
11.0
AHI CARRIER SOUTH EASTERN EUROPE 417 AIR-CONDITIONING S.A.
SANITATION - AIR CONDITIONING
35,539,000
41,706,000
17.4
1,624,000
2,103,000
29.5
418 IONIAN CHEMICALS S.A.
CHEMICALS - PAINTS
24,880,000
35,780,000
43.8
1,370,000
2,100,000
53.3
419 COCA - COLA TRIA EPSILON (3Ε)
BEVERAGES
412,900,000
411,800,000
-0.3
-5,900,000
2,100,000
_
420 ATRIUM PALACE S.A.
HOTELS
17,572,291
17,406,631
-0.9
3,649,121
2,098,606
-42.5
421 LAVA MINING & QUARRYING CO. S.A.
MINES
8,092,000
10,134,000
25.2
1,327,000
2,096,000
58.0
422 LERIVA S.A.
SCIENTIFIC & MEDICAL DEVICES
8,910,422
9,351,169
4.9
1,761,668
2,093,263
18.8
423 IOANNIDIS TH. S.A.
METALLIC PRODUCTS
17,592,147
20,975,095
19.2
419,242
2,091,759
398.9
424 MARINE TOURS S.A.
TOURISM ENTERPISES
13,920,000
14,560,000
4.6
1,970,000
2,090,000
6.1
425 OHONOS SNACK S.A.
FOOD PRODUCTS
16,106,304
16,532,777
2.6
2,416,624
2,085,512
-13.7
426 DAEDALUS S.A.
HOTELS
13,687,643
13,622,293
-0.5
1,858,805
2,084,212
12.1
427 BRISTOL-MYERS SQUIBB S.A.
PHARMACEUTICALS COSMETICS
70,770,797
67,839,806
-4.1
11,422,649
2,081,915
-81.8
428 NIKA S.A.
TOURISM ENTERPISES
10,275,047
10,948,548
6.6
1,420,515
2,081,861
46.6
429 MERCURY CORPORATION S.A.
CLOTHING - FOOTWEAR
18,868,897
18,317,575
-2.9
3,738,248
2,074,886
-44.5
430 DRAGINI, E. D., S.A.
MEDICAL SERVICES
24,873,042
25,872,766
4.0
2,239,584
2,062,770
-7.9
431 ΒΙΟΤΥR S.A.
FOOD PRODUCTS
42,539,829
44,317,275
4.2
1,443,661
2,060,806
42.7
432 FOURNARAKIS S.A.
MACHINERY
18,370,000
21,570,000
17.4
1,840,000
2,050,000
11.4
433 ANASTASSOPOULOS, VAS., S.A.
FOOD PRODUCTS
12,457,330
25,072,429 101.3
434 ΤΗΕΑ SYNAPSIS LTD
MISCELLANEOUS PRODUCTS
435 ARI S.S.
398 - 441
402
ERNST & YOUNG (HELLAS) CERTIFIED AUDITORS ACCOUNTANTS S.A.
Pre-Tax Income Change
OFFICE DEVICES
Sector
Pre-Tax Income 2016
398 MELLON TECHNOLOGIES S.A.
Company Name
Pre-Tax Income 2015
Turnover 2016
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2015
2018
Turnover Change
DIAMONDS OF THE GREEK ECONOMY
560,525
2,046,859
265.2
7,430,987
8,354,653
12.4
1,851,754
2,046,759
10.5
FOOD PRODUCTS
23,753,259
27,164,756
14.4
992,453
2,042,168
105.8
436 MEGAS YEEROS S.A.
FOOD PRODUCTS
24,494,718
26,430,000
7.9
2,452,961
2,040,000
-16.8
437 HELECTOR S.A.
SERVICES
81,690,000
68,133,000 -16.6
5,518,000
2,033,000
-63.2
438 MEGA ELECTRICS S.A.
MISCELLANEOUS PRODUCTS
55,294,687
62,362,949
12.8
1,663,305
2,020,191
21.5
439 HOUTOS Α. S.A.
SERVICES
10,971,357
12,372,128
12.8
1,162,825
2,015,607
73.3
440 SYN.KA CRETE LTD
SUPERMARKET
141,445,015
172,404,265
21.9
1,919,923
2,008,809
4.6
124,721,789
137,794,776
10.5
1,027,815
2,007,047
95.3
441 VIOLAR S.A.
I 106 I
TEXTILES
I 107 I
442 - 487
Pre-Tax Income Change
Pre-Tax Income 2016
Sector
Pre-Tax Income 2015
Company Name
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
2018
Turnover 2015
DIAMONDS OF THE GREEK ECONOMY
442 DELTA MEDICAL S.A.
SCIENTIFIC & MEDICAL DEVICES
5,680,251
5,908,754
4.0
1,920,224
2,001,361
4.2
443 HELLENIC QUARRIES S.A.
NON MINERAL
23,806,755
38,169,941
60.3
1,103,086
1,992,574
80.6
444 DIANOMEUS LTD
FOOD PRODUCTS
19,194,785
21,320,014
11.1
2,224,133
1,984,234
-10.8
445 DIL FASHION GROUP S.A.
CLOTHING - FOOTWEAR
11,706,672 313.5
147,723
1,977,974
1239.0
446 ISO PLUS S.A.
FOOD PRODUCTS
14,560,422
14,894,730
2.3
1,638,399
1,977,651
20.7
447 KLEEMANN HELLAS S.A.
MACHINES - DEVICES
83,680,193
81,112,589
-3.1
2,062,991
1,976,385
-4.2
448 NATHANAILIDIS CONSTRUCTIONS S.A.
CONSTRUCTION COMPANIES
30,902,647
17,514,537 -43.3
4,097,780
1,971,231
-51.9
449 GEROLYMATOS INTERNATIONAL S.A.
PHARMACEUTICALS DETERGENTS
27,421,000
27,823,000
1.5
987,000
1,971,000
99.7
450 NEUROPUBLIC S.A.
INFORMATION TECHNOLOGY
7,618,033
7,480,847
-1.8
2,557,086
1,968,651
-23.0
451 ROSSI S.A.
CLOTHING - FOOTWEAR
15,523,690
16,588,470
6.9
1,806,615
1,950,607
8.0
452 AMGEN HELLAS LTD
PHARMACEUTICALS COSMETICS
74,121,886
71,064,235
-4.1
3,143,291
1,947,194
-38.1
453 METRON - ENERGY APPLICATIONS S.A.
ELECTRICAL SUPPLIES
38,726,976
42,020,504
8.5
2,456,878
1,944,728
-20.8
454 ΕΜΕΚ S.A.
METAL PRODUCTS
14,045,312
27,819,007
98.1
933,298
1,942,641
108.1
455 GOLDAIR CARGO S.A.
TRANSPORT COMPANIES
39,664,824
43,766,985
10.3
1,244,086
1,942,263
56.1
456 DIELAS LTD
SUPERMARKET
29,961,695
31,102,643
3.8
1,567,293
1,936,022
23.5
457 ELASTIKES ENOSIS S.A.
PLASTICS - RUBBER
8,422,520
11,341,753
34.7
242,566
1,935,557
698.0
458 PALLAS - LAVDAS F. S.A.
FOOD PRODUCTS
19,296,316
19,002,460
-1.5
2,288,985
1,931,489
-15.6
459 PAPERPACK – TSOUKARIDIS S.A.
PAPER
14,136,460
15,247,340
7.9
1,834,250
1,931,460
5.3
460 ONE OUTLET S.A.
REAL ESTATE
3,628,929
5,765,527
58.9
292,398
1,930,301
560.2
461 VIOYGEIA Μ. LTD
FOOD PRODUCTS
8,851,539
10,214,698
15.4
1,340,302
1,925,404
43.7
462 IONIKI SFOLIATA S.A
FOOD PRODUCTS
16,772,433
19,470,000
16.1
1,375,123
1,920,000
39.6
463 VIOKYT PACKAGING S.A.
PAPER
22,436,240
23,291,905
3.8
1,233,790
1,919,802
55.6
464 FERT-HAL S.A.
CHEMICAL PRODUCTS
11,385,382
9,866,874 -13.3
1,161,701
1,917,072
65.0
465 P.P.C. RENEWABLES - TERNA ENERGIAKI S.A.
ENERGY
2,445,000
3,167,000
29.5
1,217,000
1,917,000
57.5
466 FTHlOTIS PAPERMILL S.A.
PAPER
16,359,306
17,648,748
7.9
1,239,095
1,911,062
54.2
467 OFC AVIATION FUEL SERVICES SA
SERVICES
9,980,000
9,240,000
-7.4
2,960,000
1,910,000
-35.5
468 ALD AUTOMOTIVE S.A.
CAR RENTAL
15,114,049
15,369,038
1.7
665,370
1,906,000
186.5
469 GIANNIS S.A.
FOOD PRODUCTS
16,792,672
12,848,503 -23.5
1,270,766
1,900,754
49.6
470 PHARMATHEN INTERNATIONAL S.A.
PHARMACEUTICAL PRODUCTS
38,242,630
44,834,894
17.2
5,703,957
1,898,633
-66.7
471 LAMIAS QUARRY S.A.
NON MINERAL
2,339,463
2,783,725
19.0
1,398,011
1,894,228
35.5
472 STRADIVARIUS HELLAS S.A.
CLOTHING - FOOTWEAR
43,721,311
47,353,789
8.3
1,125,154
1,890,179
68.0
2,830,799
473 KATRADIS MARINE ROPES S.A.
TEXTILES
13,072,977
13,859,553
6.0
1,794,616
1,885,281
5.1
474 LIOUDAKIS BROS TRANSPORT LTD
TRANSPORTATION
25,932,709
27,967,033
7.8
1,981,959
1,881,216
-5.1
475 ETANAP S.A.
BEVERAGES - SPIRITS
8,464,435
9,270,073
9.5
1,284,267
1,869,536
45.6
476 MYSERVICES SECURITY & FACILITY S.A.
MISCELLANEOUS PRODUCTS
13,836,282
17,792,403
28.6
2,009,980
1,868,104
-7.1
477 ANEDIK KRITIKOS S.A.
SUPERMARKET
144,072,134
179,620,231
24.7
1,374,850
1,863,673
35.6
478 VIORYL S.A.
CHEMICAL PRODUCTS
20,488,163
20,836,991
1.7
1,742,663
1,862,185
6.9
479 ERGOSE S.A.
SERVICES
275,316,045
349,073,656
26.8
3,882,735
1,857,003
-52.2
480 Ε. DONTA S.A.
HOTELS
3,516,523
4,333,326
23.2
-457,610
1,855,461
_
481 DIMITRA Κ.Ε.Ε. S.A.
MISCELLANEOUS SERVICES
2,177,082 -37.8
482 PROMITHEFTIKI TROFIMON S.A.
SUPERMARKET
483 LAMDA HELLIX S.A.
MISCELLANEOUS SERVI\
484 KALTEQ S.A.
SCIENTIFIC & MEDICAL DEVICES
1,277,948
1,854,115
45.1
100,142,399
3,500,260
110,659,272
10.5
1,456,167
1,848,086
26.9
10,998,662
10,767,757
-2.1
2,099,711
1,846,765
-12.0
4,811,209
5,513,607
14.6
523,586
1,845,988
252.6
485 KARAGEORGIOU, K., BROS “3 ALFA” S.A.
FOOD PRODUCTS
25,775,359
26,190,000
1.6
387,464
1,830,000
372.3
486 EVA JO !!! S.A.
CLOTHING
11,054,347
14,642,904
32.5
2,007,800
1,820,972
-9.3
487 OLYMPIC BREWERY S.A.
BEVERAGES - SPIRITS
127,630,162
146,856,976
15.1
-1,956,485
1,820,866
_
I 108 I
I 109 I
13,759,406
14,073,710
2.3
2,423,110
1,816,268
-25.0
489 ANFARM HELLAS S.A.
PHARMACEUTICALS DETERGENTS
16,664,445
16,832,998
1.0
1,699,461
1,813,984
6.7
TOURISM ENTERPISES
6,290,321
6,484,155
3.1
1,122,042
1,813,956
61.7
12,870,737
15.6
1,325,055
1,809,582
36.6
7,474,657 -25.3
3,439,346
1,794,597
-47.8
490
VOUKOUVALIDIS SIGHTSEEING TOURISM S.A. ‘’V. TOURS’’ (absorbed by ΤUI)
491 MARBELLA S.A.
HOTELS
11,137,319
492 RICHEMONT HELLAS S.A.
MISCELLANEOUS PRODUCTS
10,006,491
493 VOLVO CAR HELLAS S.A.
TRANSPORTATION MEANS
49,703,513
46,212,235
-7.0
4,437,385
1,781,944
-59.8
494 KONTOKALI BAY RESORT AND SPA S.A.
HOTELS
7,851,734
8,302,391
5.7
977,717
1,772,866
81.3
ADELCO - CHROMATOURGIA ATHINON E. COLOCOTRONIS BROS 495 S.A.
PHARMACEUTICALS DETERGENTS
8,133,171
7,610,629
-6.4
1,848,935
1,770,967
-4.2
496 OMIKRON KAPPA CONSULTING S.A.
CONSTRUCTION COMPANIES
7,900,000
13,200,000
67.1
1,530,000
1,770,000
15.7
497 EFKLIA ANAPTIKSIAKI S.A.
ENERGY
1,462,617
1,486,451
1.6
665,901
1,763,239
164.8
498 VERNILAC S.A.
CHEMICAL PRODUCTS
13,092,176
12,924,111
-1.3
1,802,108
1,760,674
-2.3
499 MEGA SPRINT GUARD S.A.
SERVICES
14,228,218
19,051,153
33.9
1,843,718
1,754,303
-4.8
500 ECOENERGY S.A.
PETROLEUM PRODUCTS
5,874,314
5,870,000
-0.1
1,750,091
1,750,000
-0.0
501 SEKAVAR S.A.
TRANSPORTATION
2,955,065
2,767,471
-6.3
1,913,335
1,748,997
-8.6
502 POLYPRINT S.A.
MACHINERY
6,272,693
6,902,694
10.0
1,498,339
1,745,290
16.5
503 DRUCKFARBEN HELLAS S.A
CHEMICAL PRODUCTS
40,064,726
35,804,522 -10.6
2,571,631
1,739,888
-32.3
59,214,938
65,517,168
10.6
1,360,099
1,735,663
27.6
135,342,363 -14.1
2,902,689
1,735,552
-40.2
504 PALMOLIVE COMMERCIAL (HELLAS) SOLE PARTNER LTD
488 - 529
Pre-Tax Income Change
NON MINERAL
Sector
Pre-Tax Income 2016
488 NORDIA S.A.
Company Name
Pre-Tax Income 2015
Turnover 2016
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2015
2018
Turnover Change
DIAMONDS OF THE GREEK ECONOMY
505 SANOFI AVENTIS S.A.
PHARMACEUTICALS COSMETICS PHARMACEUTICALS COSMETICS
506 JT INTERNATIONAL HELLAS S.A.
TOBACCO PRODUCTS
507 NESTOR S.A.
HOTELS
508 NEXANS HELLAS S.A. 509 MORNOS S.A.
157,590,144 83,609,541
86,348,992
3.3
1,854,866
1,726,980
-6.9
3,197,098
5,057,124
58.2
1,354,733
1,726,457
27.4
ELECTRICAL SUPPLIES
71,768,000
75,982,000
5.9
-940,000
1,721,000
_
PLASTICS - RUBBER
52,957,000
56,300,000
6.3
-720,000
1,720,000
_
510 STEREA KAFSIMA (SOLID FUELS) S.A.
CHEMICAL PRODUCTS
14,075,237
7,440,214 -47.1
2,952,267
1,719,025
-41.8
511 AEROSERVICES S.A
TRANSPORTATION MEANS & SPARE PARTS
10,995,594
6,992,317 -36.4
767,813
1,717,966
123.7
512 AIOLIKI ADERES S.A.
ENERGY
6,059,000
5,430,000 -10.4
2,158,000
1,710,000
-20.8
513 MANDOULIDES EDUCATORS S.A.
MISCELLANEOUS SERVICES
7,850,000
7,240,000
-7.8
1,400,000
1,710,000
22.1
514 KLEFER S.A.
METAL PRODUCTS
16,706,937
16,321,769
-2.3
1,811,980
1,691,943
-6.6
515 MENARINI HELLAS S.A.
PHARMACEUTICALS COSMETICS
44,698,700
51,651,670
15.6
208,002
1,689,686
712.3
516 IGOUMENITSA PORT AUTHORITY S.A.
TRANSPORTATION
517 ISQuare S.A.
MISCELLANEOUS PRODUCTS
518 ΚΑΝΑVΑ S.A. 519 GROUP4 SECURICOR HELLAS S.A.
4,620,578
4,711,546
2.0
1,515,136
1,688,807
11.5
70,331,315
75,881,363
7.9
1,981,427
1,682,000
-15.1
HOTELS
8,513,121
7,921,447
-7.0
1,456,807
1,681,421
15.4
SERVICES
2,756,850
2,917,910
5.8
2,512,018
1,672,290
-33.4
520 G4S HELLAS HOLDING S.A.
HOLDING COMPANIES
2,756,850
2,917,910
5.8
2,512,018
1,672,290
-33.4
521 STOP S.A.
MISCELLANEOUS PRODUCTS
11,270,035
12,109,109
7.4
1,447,666
1,671,055
15.4
522 EUROCHARTIKI S.A.
PAPER
41,498,531
47,252,389
13.9
850,543
1,663,911
95.6
523 S.F.P. S.A.
CLOTHING
16,553,455
17,262,423
4.3
1,301,333
1,663,768
27.9
524 ADAMAKOS BROS S.A. (NAVY & GREEN)
CLOTHING - FOOTWEAR
11,733,555
13,349,380
13.8
1,256,780
1,656,697
31.8
525 NOVO NORDISK HELLAS LTD
PHARMACEUTICALS COSMETICS
40,922,910
49,449,446
20.8
-1,188,149
1,653,378
_
526 SAKELLARIS P. & CO. S.A.
CLOTHING - FOOTWEAR
6,240,153
7,549,685
21.0
1,598,772
1,653,319
3.4
527 EUROWIND S.A.
ENERGY
4,360,000
4,118,000
-5.6
1,722,000
1,653,000
-4.0
528 OLYMPIC AIR S.A.
TRANSPORTATION
104,512,000
163,820,000
56.7
19,806,000
1,650,000
-91.7
529 NIPPON S.A.
SANITATION - AIR CONDITIONING
12,765,814
19,611,202
53.6
639,711
1,647,886
157.6
I 110 I
I 111 I
-7.3
494,071
1,646,942
233.3
2,587,095
2,421,403
-6.4
1,612,537
1,645,663
2.1
AGRICULTURAL ENTERPRISES
55,401,755
63,851,490
15.3
84,167
1,644,876
1854.3
533 ERGODOMIKI VIOTIAS ABETE
CONSTRUCTION COMPANIES
4,380,315
5,918,321
35.1
1,243,571
1,642,165
32.1
534 UNITED MARINE AGENCIES S.A.
TRANSPORTATION
6,985,359
6,423,884
-8.0
1,752,630
1,639,157
-6.5
535 MARE S.A.
HOTELS
4,560,186
5,149,577
12.9
1,214,978
1,625,413
33.8
536 MEDIABRANDS ADVERTISING S.A.
ADVERTISING COMPANIES
13,171,042
27,933,772 112.1
499,373
1,624,429
225.3
537 EUROPA PROFIL ALUMINUM S.A.
METAL PRODUCTS
22,052,864
27,067,693
22.7
1,515,648
1,607,390
6.1
538 KAPA DYNAMIKI S.A.
CONSTRUCTION COMPANIES
28,254,150
21,017,103 -25.6
2,402,998
1,605,265
-33.2
539 HELLENIC SOLAR S.A.
ENERGY
4,648,403
4,555,149
-2.0
1,697,456
1,603,891
-5.5
540 MENTEKIDIS S. S.A.
BEVERAGES - SPIRITS
8,570,771
9,633,103
12.4
1,364,934
1,600,478
17.3
541 PASSARELLA S.A. (MICHALISTIANOS SP. BROS)
FOOD PRODUCTS
542 INTRACOM DEFENSE ELECTRONICS S.A.
ELECTRICAL SUPPLIES
543 VIOLANTA S.A.
530 - 574
530 WELLA HELLAS S.A.
PHARMACEUTICALS COSMETICS
531 PPC ANALOSIMES - ΜΕΚ ENERGIAKI ‘’VORINO PELLIS’’ S.A.
ENERGY
532 INTERTRADE HELLAS S.A.
Pre-Tax Income Change
15,247,448
Sector
Pre-Tax Income 2016
16,444,762
Company Name
Pre-Tax Income 2015
Turnover 2016
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2015
2018
Turnover Change
DIAMONDS OF THE GREEK ECONOMY
8,655,813
8,717,140
0.7
1,759,154
1,600,043
-9.0
49,663,812
57,437,217
15.7
973,327
1,598,913
64.3
FOOD PRODUCTS
7,490,832
9,065,433
21.0
964,111
1,594,921
65.4
544 EGNATIA SUPER MARKET S.A.
SUPERMARKET
61,136,570
77,420,451
26.6
276,253
1,592,624
476.5
545 GRANT THORNTON S.A.
SERVICES
22,414,290
22,260,000
-0.7
299,718
1,590,000
430.5
546 HELLAS SAT S.A.
TELECOMUNICATIONS
6,492,556 -18.5
1,147,290
1,588,754
38.5
547 MED FRIGO G. POULIAS - S. BRAKATSELOS S.A.
TRANSPORT COMPANIES
21,885,157
23,273,906
6.3
1,857,324
1,588,570
-14.5
548 GENESIS S.A.
MEDICAL SERVICES
12,089,000
13,110,000
8.4
11,000
549 TECHNAVA S.A.
MACHINERY
15,730,641
14,600,000
-7.2
2,084,987
1,580,000
-24.2
550 ROYAL CANIN HELLAS LTD
MISCELLANEOUS PRODUCTS
12,332,940
11,891,317
-3.6
1,537,526
1,572,791
2.3
551 FCA CAPITAL HELLAS S.A. (ex FIAT CREDIT HELLAS )
TRANSPORTATION MEANS & SPARE PARTS
49,628,177
35,050,000 -29.4
2,148,914
1,560,000
-27.4
552 VOLOS PORT ORGANIZATION S.A.
TRANSPORT COMPANIES
21.3
1,199,035
1,556,199
29.8
553 FILIPPOS, S.A.
FOOD PRODUCTS
2,390 -99.7
6,396,400
1,551,038
-75.8
554 AUTOGRILL HELLAS LTD
SERVICES
14.4
901,498
1,548,493
71.8
555 LINK TECHNOLOGIES S.A.
INFORMATION TECHNOLOGY
3,470,722 -18.0
904,354
1,547,513
71.1
556 NERA KRITIS S.A.
BEVERAGES - SPIRITS
1,489,288
1,545,676
3.8
7,970,892
4,473,772 794,600 13,154,843 4,231,468 10,568,141
5,426,970 15,051,503 10,878,501
2.9
1,588,000 14336.4
557 FILOXANIA S.A.
HOTELS
8,057,744
8,105,594
0.6
1,745,540
1,545,582
-11.5
558 INTRALINK LOGISTICS S.A.
TRANSPORTATION
9,290,165
10,260,308
10.4
1,038,867
1,543,534
48.6
559 YFANTIS S.A.
FOOD PRODUCTS
86,225,729
85,440,605
-0.9
1,980,191
1,541,441
-22.2
560 ARKADIKA MELTEMIA S.A.
ENERGY
5,150,000
5,010,000
-2.7
1,720,000
1,540,000
-10.5
561 SOFTCARE S.A.
PAPER
16,318,049
16,929,800
3.7
1,586,211
1,536,233
-3.2
562 PEI.FA.SYN GROUP - PIRAEUS PHARMACISTS ASSOCIATION
PHARMACEUTICALS COSMETICS
146,955,130
147,150,439
0.1
1,846,546
1,531,190
-17.1
563 MOBILE TELECOMMUNICATION CENTER S.A.
MOBILE TELEPHONY
262,827,885
304,785,051
16.0
3,030,332
1,530,615
-49.5
564 ALOUMAN S.A.
METAL PRODUCTS
67,345,527
61,332,347
-8.9
690,165
1,520,535
120.3
565 POLO S.A.
CLOTHING
5,738,814
6,391,917
11.4
1,307,297
1,519,325
16.2
566 ENVITEC S.A.
ENERGY
3,794,371
3,679,141
-3.0
-276,544
1,516,625
_
567 TRINITY WINES LTD
BEVERAGES - SPIRITS
6,780,271
9,261,376
36.6
1,017,611
1,513,994
48.8
568 HELLENIC BUSES S.A.
TRANSPORTATION
8,589,948
8,608,778
0.2
1,168,507
1,513,263
29.5
569 ATHENS METROPOLITAN EXPO S.A.
MISCELLANEOUS SERVICES
5,414,722
7,818,036
44.4
638,348
1,511,041
136.7
570 ANTONIOU S.A.
PUBLICATIONS - PRINTING
6,681,654
7,058,495
5.6
1,342,402
1,507,806
12.3
571 KAPA-SIGMA COTTON MILLS S.A.
TEXTILES
28,180,803
35,325,676
25.4
2,935,020
1,505,239
-48.7
572 HERMES - HARISIADIS & SONS S.A.
SHIPPING & INDUSTRY SUPPLIES
23,260,330
23,828,690
2.4
-2,209,076
1,505,126
_
573 SIGANOS S.A.
BEVERAGES - SPIRITS
14,073,840
17,530,270
24.6
1,470,094
1,503,588
2.3
574 BAXTER HELLAS LTD
PHARMACEUTICALS COSMETICS
60,448,623
41,180,019 -31.9
1,288,880
1,499,489
16.3
I 112 I
I 113 I
575 TEKA SYSTEMS S.A.
INFORMATION TECHNOLOGY
576 ANETH S.A.
TRANSPORTATION
577 ATHENS CENTRAL MARKET ORGANIZATION S.A.
SERVICES
578 VARELAS S.A. – CHEMICALS AND DIAGNOSTICS
Pre-Tax Income Change
16,404,036 -10.9
Pre-Tax Income 2016
18,404,958
2,586,024
1,499,187
-42.0
5,802,302
5,758,390
-0.8
3,081,598
1,496,503
-51.4
13,663,220
13,465,114
-1.4
596,548
1,496,128
150.8
SCIENTIFIC & MEDICAL DEVICES
4,961,699
6,068,157
22.3
990,743
1,495,112
50.9
579 MEDTRONIC HELLAS S.A.
SCIENTIFIC & MEDICAL DEVICES
45,564,763
49,064,395
7.7
591,596
1,476,573
149.6
580 UNILEVER-KNORR S.A.
PHARMACEUTICALS DETERGENTS
14,920,470
42,500,206 184.8
1,197,700
1,473,949
23.1
581 ZAVALOS S.A.
PAPER
10,309,076
11,310,000
9.7
1,229,401
1,470,000
19.6
582 ΤΕΜΑΚ S.A.
MACHINES - DEVICES
583 VOLTERRA S.A.
ENERGY
584 NORMA HELLAS S.A. 585 E. ALEXIDI - FYLAKTIDI S.A.
575 - 619
Sector
Pre-Tax Income 2015
Company Name
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
2018
Turnover 2015
DIAMONDS OF THE GREEK ECONOMY
PHARMACEUTICALS DETERGENTS PHARMACEUTICALS COSMETICS
5,325,880
6,680,000
25.4
560,265
1,470,000
162.4
17,074,000
28,142,000
64.8
785,000
1,468,000
87.0
9,757,250 -18.5
531,068
1,467,798
176.4
11,966,516 29,689,381
30,964,111
4.3
1,101,934
1,465,852
33.0
586 EPIKOUROS VIOLOGIKA PROIONTA S.A.
FOOD PRODUCTS
5,505,450
6,042,314
9.8
1,300,688
1,464,882
12.6
587 WILCKENS S.A.
CHEMICAL PRODUCTS
1,854,530
1,421,355 -23.4
-276,096
1,464,381
_
588 BAKALAROS K.D. S.A.
BEVERAGES - SPIRITS
12,028,903
12.2
589 TH. CHALKIADAKIS S.A. - CACTUS HOTELS
HOTELS
590 MP PHARMA S.A.
PHARMACEUTICAL PRODUCTS
591 DIVANI ACROPOLIS S.A. 592 CHALKIDIKI TOURISM ENTERPRISES S.A. 593 ARVAL HELLAS S.A. 594 FARCOM S.A. 595 ASTELLAS PHARMACEUTICALS S.A.
15,614,915
29.8
1,297,162
1,455,125
9,521,692
9,234,755
-3.0
1,548,206
1,448,930
-6.4
41,104,647
39,774,141
-3.2
2,504,083
1,446,450
-42.2
HOTELS
7,156,833
7,811,619
9.1
1,259,784
1,444,098
14.6
HOTELS
12,510,571
12,997,598
3.9
1,066,781
1,438,297
34.8
6,527,356
5,273,778 -19.2
2,506,308
1,437,261
-42.7
4,745,906
7,881,952
66.1
321,307
1,429,315
344.8
34,414,901
35,204,197
2.3
1,688,327
1,423,917
-15.7
CAR RENTAL PHARMACEUTICALS DETERGENTS PHARMACEUTICALS COSMETICS
596 SYNGENTA HELLAS S.A.
CHEMICAL PRODUCTS
48,342,025
49,642,211
2.7
1,371,892
1,421,785
3.6
597 NBG LEASING S.A.
LEASING
4,278,000
6,195,000
44.8
-12,249,000
1,421,000
_
598 TZIMPRE S.A.
SUPERMARKET
3,953,146
4,984,203
26.1
981,844
1,418,323
44.5
599 JOHNSON & JOHNSON CONSUMER S.A.
PHARMACEUTICAL PRODUCTS
46,126,238
49,372,317
7.0
494,816
1,417,525
186.5
600 PYRAMIS S.A.
CONSTRUCTION COMPANIES
19,824,950
15,348,862 -22.6
1,847,857
1,415,397
-23.4
601 GF ENERGY S.A.
CHEMICAL PRODUCTS
40,084,494
34,962,350 -12.8
845,825
1,414,195
67.2
602 EUROBANK ASSET MANAGEMENT M.F.M.C.
MISCELLANEOUS SERVICES
15,597,106
14,434,369
-7.5
2,842,163
1,412,024
-50.3
603 TH. MAKRIS METALLEMPORIKI S.A.
METAL PRODUCTS
16,065,871
15,782,896
-1.8
1,779,800
1,409,868
-20.8
604 MOUSSAMAS BROS S.A. (ATHENS HOLIDAY INN)
HOTELS
12,107,627
13,023,610
7.6
627,161
1,409,855
124.8
605 IKTINOS HELLAS S.A.
NON MINERAL
34,069,705
31,724,004
-6.9
2,207,286
1,409,842
-36.1
606 KOURTOGLOU “ALFA MACHINE” S.A.
MACHINERY
4,262,611
4,070,448
-4.5
1,282,326
1,407,957
9.8
607 VOGIATZOGLOU SYSTEMS S.A.
MISCELLANEOUS PRODUCTS
12,481,000
14,819,000
18.7
-241,000
1,405,000
_
608 LAMDA PAPERΚΗ S.A.
PAPER
9,636,049
9,635,453
-0.0
1,519,406
1,400,499
-7.8
609 HELLINIKO S.A.
MISCELLANEOUS SERVICES
5,266,154
5,509,972
4.6
2,267,024
1,398,234
-38.3
610 ELIN S.A.
PETROLEUM PRODUCTS
20,829,607
20,524,088
-1.5
863,415
1,397,801
61.9
611 EULER HERMES HELLAS S.A. (merger)
INSURANCE
15,522,784
14,930,598
-3.8
2,160,727
1,396,380
-35.4
612 EVOL - EAS VOLOU
AGRICULTURAL ENTERPRISES
15,495,544
15,237,434
-1.7
1,863,827
1,393,685
-25.2
613 ZTE HELLAS S.A.
ELECTRICAL SUPPLIES
20,506,182
27,944,981
36.3
79,833
1,390,355
1641.6
614 ELTRAK S.A.
MACHINERY
40,451,000
42,973,000
6.2
1,558,000
1,384,000
-11.2
615 Ι. Κ. CINEMATOGRAPHY & ΤELEVISION PRODUCTIONS S.A.
MISCELLANEOUS SERVICES
2,843,382
3,955,634
39.1
653,605
1,380,015
111.1
616 NEFELI LTD
TOURISM ENTERPISES
3,600,038
3,300,426
-8.3
1,661,331
1,376,613
-17.1
617 DIGENIS S.A.
METAL PRODUCTS
4,305,840
4,840,111
12.4
1,478,491
1,374,310
-7.0
618 NAFPIGOPLASTIKI S.A.
TRANSPORTATION
2,464,014
3,304,103
34.1
815,456
1,373,822
68.5
619 KRONOS S.A.
FOOD PRODUCTS
49,893,799
48,022,323
-3.8
4,311,225
1,371,200
-68.2
I 114 I
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Pre-Tax Income Change
Pre-Tax Income 2016
620 DOMUS KEYS S.A.
METAL PRODUCTS
8,280,385
8,713,385
5.2
754,996
1,369,213
81.4
621 ATHENS AIRPORT FUEL PIPELINE COMPANY (AAFPC) S.A.
TRANSPORT COMPANIES
3,169,009
3,512,902
10.9
1,313,392
1,369,177
4.2
622 PENI LTD
MEDICAL SERVICES
699,877
1,364,051
94.9
623 Κ.Β. MARKOY S.A.
TEXTILES
61,052,703
57,812,113
-5.3
4,419,298
1,352,613
-69.4
624 VIOSER S.A.
PHARMACEUTICALS DETERGENTS
28,655,273
29,581,073
3.2
32,232
1,350,527
4090.0
112,335,000
104,913,000
-6.6
2,395,000
1,349,000
-43.7
8,940,073
10,463,002
17.0
835,041
1,345,391
61.1
64,416,587
63,676,525
-1.1
1,641,236
1,342,071
-18.2
46,209,838
49,184,419
6.4
1,320,040
1,341,213
1.6
2,107,546 -50.1
720,298
1,340,590
86.1
625 CORAL GAS S.A.
NATURAL GAS
626 SPANOPOULOS IGNATIOS MARITIME S.A.
CONSTRUCTION COMPANIES
627 K. XYDIAS FARMAKAPOTHIKI S.A. 628 TEOREN MOTORS S.A.
620 - 662
Sector
Pre-Tax Income 2015
Company Name
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
2018
Turnover 2015
DIAMONDS OF THE GREEK ECONOMY
PHARMACEUTICALS COSMETICS TRANSPORTATION MEANS & SPARE PARTS
2,816,874
2,347,692 -16.7
629 EUROLEASE FLEET SERVICES S.A.
CAR RENTAL
630 TOP ELECTRONICS COMPONENTS S.A.
ELECTRICAL SUPPLIES
10,184,417
11,795,650
15.8
-2,389,591
1,340,101
_
631 ATLANTA S.A.
FOOD PRODUCTS
39,077,439
39,028,012
-0.1
1,071,867
1,337,490
24.8
632 MEDICON HELLAS S.A.
SCIENTIFIC & MEDICAL DEVICES
10,413,286
11,957,592
14.8
836,213
1,335,496
59.7
633 NEF - NEF S.A.
CLOTHING
12,652,294
13,478,216
6.5
1,033,712
1,330,830
28.7
634 FIL. NAKAS MUSIC HOUSE S.A.
MISCELLANEOUS PRODUCTS
19,243,601
18,705,938
-2.8
718,501
1,326,981
84.7
635 VIORAL S.A.
METALLIC PRODUCTS
6,487,641
7,904,592
21.8
993,723
1,319,403
32.8
636 MICHELIN TYRES S.A.
TRANSPORTATION MEANS & SPARE PARTS
68,266,061
65,824,241
-3.6
1,357,142
1,318,096
-2.9
637 KTEL THESSALONIKIS S.A
TRANSPORTATION
9,324,698
7,933,904 -14.9
1,613,756
1,317,933
-18.3
638 DIA MENT HELLAS S.A.
SCIENTIFIC & MEDICAL DEVICES
3,564,973
3,153,486 -11.5
1,390,511
1,315,249
-5.4
639 PRICEWATERHOUSECOOPERS ACCOUNTING S.A.
MISCELLANEOUS SERVICES
6,175,885
7,027,744
13.8
1,165,214
1,312,167
12.6
640 ATESE S.A.
CONSTRUCTION COMPANIES
18,780,759
30,920,856
64.6
506,910
1,303,844
157.2
641 NIKZAS MILK INDUSTRY S.A.
FOOD PRODUCTS
13,136,543
14,570,082
10.9
794,123
1,299,652
63.7
642 ASTRO S.A.
HOTELS
2,866,310
2,936,344
2.4
1,167,076
1,293,701
10.8
643 PAVLIDIS P. PLAGIARI S.A.
NON MINERAL
1,602,030
2,362,669
47.5
902,387
1,287,033
42.6
644 ASTRAZENECA S.A.
PHARMACEUTICALS COSMETICS
117,812,636
109,620,704
-7.0
1,707,305
1,286,918
-24.6
645 EUROCHEM AGRO HELLAS S.A.
CHEMICAL PRODUCTS
35,854,389
36,067,620
0.6
2,604,957
1,286,793
-50.6
646 DIVANIS HOTELS S.A.
HOTELS
2,422,077
2,092,287 -13.6
769,703
1,286,090
67.1
647 ENDOSCOPIKI S.A.
SCIENTIFIC & MEDICAL DEVICES
4,931,517
5,625,708
14.1
459,172
1,284,346
179.7
648 SYN.FA. S.A.
PHARMACEUTICALS COSMETICS
115,070,474
114,595,832
-0.4
1,277,051
1,283,256
0.5
649 LION PHARMA S.A.
PHARMACEUTICAL PRODUCTS
3,480,797
4,263,512
22.5
800,764
1,283,135
60.2
650 STEP S.A.
PHARMACEUTICALS COSMETICS
28,212,017
29,618,861
5.0
868,168
1,275,197
46.9
651 PERSEFS S.A.
MEDICAL SERVICES
101,577,912
95,809,537
-5.7
677,425
1,274,371
88.1
652 VITA M. TSALOPOULOS S.A.
FOOD PRODUCTS
10,825,518
10,263,171
-5.2
1,399,382
1,266,821
-9.5
PHARMACIST’S SUPPLYING COOPERATIVE OF ATTICA (PRO. 653 SY.F.A.P.E.)
PHARMACEUTICALS COSMETICS
127,338,059
129,365,770
1.6
944,537
1,265,741
34.0
654 TECHNOCAN S.A.
METAL PRODUCTS
9,955,917
11,037,341
10.9
689,833
1,264,169
83.3
655 ROUSALI BROS S.A.
BEVERAGES - SPIRITS
4,288,588
4,549,981
6.1
1,055,498
1,261,508
19.5
656 VICTORIA I. SARASITIS S.A.
METAL PRODUCTS
7,918,624
8,674,685
9.5
1,565,450
1,260,358
-19.5
657 TH. PANOPOULOS S.A.
MEDICAL SERVICES
2,719,082
3,069,845
12.9
163,954
1,259,234
668.0
658 YIOMA S.A.
HOTELS
2,428,874
2,253,887
-7.2
1,469,377
1,257,364
-14.4
659 ΑΚΤΙΝΑ S.A.
TOURISM ENTERPISES
15,575,117
16,637,872
6.8
1,138,202
1,253,231
10.1
660 KERAKOLL HELLAS LTD
CHEMICALS - PAINTS
10,482,758
12,375,881
18.1
81,288
1,251,339
1439.4
661 WESTNET DISTRIBUTION S.A.
OFFICE DEVICES
93,484,454
91,926,063
-1.7
1,208,664
1,250,059
3.4
662 Ι. MAKRΥDAKIS S.A.
FOOD PRODUCTS
14,659,769
18,084,150
23.4
1,153,732
1,248,802
8.2
I 116 I
4,225,547
I 117 I
663 - 707
663 BOZATZIDIS CHR. S.A.
MACHINERY
664 OK ANYTIME MARKET S.A.
FOOD PRODUCTS
665 DAKON S.A.
SERVICES
666 SERVIER HELLAS PHARMACEUTIQUE LTD
PHARMACEUTICALS COSMETICS
667 M. PAPAPANAGIOTOU S.A.
CHEMICALS - PAINTS
668 P. PAVLIDIS S.A.
NON MINERAL
669 CERAMETAL S.E. S.A.
METAL PRODUCTS
670 AGROHELLAS S.A.
FOOD PRODUCTS
671 SEALED AIR HELLAS S.A.
PLASTICS - RUBBER
672 BBDO ATHENS S.A. 673 PROODOS S.A. 674 GENESIS ATHENS S.A.
Pre-Tax Income Change
Pre-Tax Income 2016
Sector
Pre-Tax Income 2015
Company Name
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
2018
Turnover 2015
DIAMONDS OF THE GREEK ECONOMY
7,328,102
7,667,610
4.6
1,230,274
1,248,566
1.5
43,381,308
49,225,452
13.5
345,708
1,248,139
261.0
2,642,580
2,818,356
6.7
1,107,702
1,244,822
12.4
29,060,380
27,431,517
-5.6
1,234,626
1,241,670
0.6
16,979,988
16,299,812
-4.0
1,458,236
1,240,389
-14.9
5,865,677
6,963,092
18.7
693,977
1,239,518
78.6
13,447,636
12,515,488
-6.9
1,332,581
1,237,450
-7.1
30,659,993
33,619,762
9.7
1,125,170
1,235,216
9.8
5,697,615
7,464,912
31.0
629,379
1,234,350
96.1
ADVERTISING COMPANIES
15,114,275
15,059,778
-0.4
637,194
1,231,830
93.3
FOOD PRODUCTS
57,121,446
68,843,754
20.5
231,136
1,231,551
432.8
MEDICAL SERVICES
6,100,695
6,248,612
2.4
1,581,655
1,231,168
-22.2
675 HATZIGAKIS S.A.
CONSTRUCTION COMPANIES
2,247,732
4,319,747
92.2
195,864
1,228,172
527.1
676 L. PALAMIDIS - D. TELONIS SONS & CO. S.A.
FOOD PRODUCTS
6,744,266
6,585,934
-2.3
1,431,714
1,223,845
-14.5
677 Τ.K.Ε.Β.Β. GEORGIOS S.A.
HOTELS
4,776,779
6,633,042
38.9
-35,424
1,221,818
_
678 TRIKALIOTIS AGAPITOS G. S.A.
TRANSPORTATION MEANS & SPARE PARTS
12,841,226
17,086,932
33.1
1,185,647
1,217,217
2.7
679 T.G. ZAFIROPOULOS S.A.
MISCELLANEOUS PRODUCTS
15,814,220
15,183,289
-4.0
1,331,913
1,214,989
-8.8
680 N. CHRISTODOULOU BROS S.A.
BEVERAGES - SPIRITS
21,593,887
17,809,251 -17.5
827,859
1,210,925
46.3
681 DIAGEO HELLAS S.A.
BEVERAGES - SPIRITS
88,228,971
76,930,000 -12.8
925,189
1,210,000
30.8
682 BLUE LAGOON VILLAGE
TOURISM ENTERPISES
12,047,385
12,592,121
4.5
709,435
1,208,911
70.4
683 CH. KORDELLOU BROS S.A.
METALLIC PRODUCTS
34,287,027
37,545,176
9.5
-870,285
1,208,365
_
684 HATZIIOANNOU S.A.
PAPER
17,670,092
20,443,684
15.7
769,475
1,203,134
56.4
685 SEXTOU BROS – NEW EXFRUIT S.A.
FOOD PRODUCTS
30,098,425
38,715,525
28.6
1,401,873
1,202,416
-14.2
686 TEKNOSTYL S.A.
TRANSPORTATION MEANS
5,860,343
6,157,194
5.1
922,843
1,198,790
29.9
687 ASIMAKIS S.A.
MACHINERY
4,385,036
3,952,330
-9.9
929,481
1,197,534
28.8
688 PRESIDENTIAL S.A.
HOTELS
8,436,408
8,517,775
1.0
917,523
1,196,294
30.4
11,435,155
12,516,013
9.5
1,160,110
1,194,545
3.0
9,174,000
9,887,000
7.8
990,000
1,191,000
20.3
689 G. LIAKOPOULOS S.A. 690 PHARMA CENTER S.A.
TRANSPORTATION MEANS & SPARE PARTS PHARMACEUTICALS COSMETICS
691 GROUP4 SECURICOR S.A.
SERVICES
26,840,109
24,636,357
-8.2
2,520,453
1,190,877
-52.8
692 G4S CASH SOLUTIONS S.A.
MISCELLANEOUS SERVICES
26,840,109
24,636,357
-8.2
2,520,453
1,190,877
-52.8
693 KAVINO S.A.
BEVERAGES - SPIRITS
17,336,000
19,040,000
9.8
515,000
1,190,000
131.1
694 DAIOS PLASTICS S.A.
PLASTICS - RUBBER
23,837,210
25,195,440
5.7
421,620
1,178,360
179.5
695 Ε.Ε.Ν. VIOTIA S.A.
ENERGY
6,137,946
5,912,189
-3.7
1,270,356
1,175,355
-7.5
696 SOFT ONE TECHNOLOGIES S.A.
INFORMATION TECHNOLOGY
5,710,562
6,465,045
13.2
486,703
1,174,593
141.3
697 ΜΕΝΕΛΑΟΣ ΕΠΕ
FOOD PRODUCTS
19,003,784
22,353,318
17.6
989,964
1,170,526
18.2
698 GALAXIDI MARINE FARM S.A.
FOOD PRODUCTS
44,657,260
51,442,620
15.2
627,530
1,170,411
86.5
699 KOSMOIATRIKI S.A.
MEDICAL SERVICES
2,954,541
3,489,601
18.1
-70,778
1,170,409
_
700 HDG HELLAS LTD
MISCELLANEOUS PRODUCTS
3,044,685
3,530,000
15.9
483,804
1,170,000
141.8
701 UNION OPTIC S.A.
MISCELLANEOUS PRODUCTS
7,699,910
8,840,137
14.8
826,157
1,166,994
41.3
702 SOFIDEL GREECE S.A.
PAPER
26,359,982
24,817,608
-5.9
1,267,419
1,165,748
-8.0
703 THERAPEUTIC S.A.
MEDICAL SERVICES
2,792,156
3,529,850
26.4
692,727
1,165,533
68.3
704 AKTES AIGAIOU S.A.
HOTELS
9,946,775
9,509,867
-4.4
2,369,356
1,164,757
-50.8
705 I. KOTSIOPOULOI BROS S.A.
FOOD PRODUCTS
12,921,651
13,346,226
3.3
840,597
1,164,379
38.5
706 NIKOS D. MELIS S.A.
NON MINERAL
2,997,320
3,602,644
20.2
765,024
1,163,756
52.1
707 PATILIS I. S.A.
HOTELS
5,167,464
5,410,990
4.7
276,434
1,162,029
320.4
I 118 I
20 YEARS
PHARMA
CONSUMER MEDICAL DEVICES & HEALTH DIAGNOSTICS
VET CARE
Τραπεζούντος 17 & Α. Παπανδρέου, 151 27 Μελίσσια, T. 210 6136332, F. 210 8105298, www.aenorasis.com, e-mail: info@aenorasis.com
I 119 I
23,103,811
24,979,583
8.1
1,178,324
1,161,795
-1.4
709 VIVA PAYING SERVICES S.A.
FINANCIAL SERVICES
5,286,751
9,823,649
85.8
644,296
1,161,283
80.2
710 TCK S.A.
CHEMICAL PRODUCTS
711 BRINKS HERMES S.A.
SERVICES
712 ENTERSOFT S.A.
708 - 752
Pre-Tax Income Change
PHARMACEUTICALS COSMETICS
Sector
Pre-Tax Income 2016
708 PIERRE FABRE HELLAS S.A.
Company Name
Pre-Tax Income 2015
Turnover 2016
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2015
2018
Turnover Change
DIAMONDS OF THE GREEK ECONOMY
9,084,876
9,024,519
-0.7
933,187
1,157,541
24.0
13,549,661
14,373,415
6.1
1,700,921
1,150,207
-32.4
INFORMATION TECHNOLOGY
6,986,768
8,008,120
14.6
845,619
1,148,083
35.8
713 Τ.Κ. INTERNATIONAL S.A.
FOOD PRODUCTS
9,987,574
10,657,678
6.7
805,566
1,147,817
42.5
714 GLOBALSAT S.A.
ELECTRICAL EQUIPEMENT
49,212,832
51,904,525
5.5
769,948
1,146,310
48.9
715 XYLEXPER S.A.
MISCELLANEOUS PRODUCTS
9,514,198
10,509,658
10.5
514,589
1,143,783
122.3
716 KIANI AKTI S.A.
HOTELS
6,780,084
6,854,880
1.1
828,800
1,142,105
37.8
717 PRIVATSEA MARINE SERVICES S.A.
TRANSPORTATION MEANS
1,503,562
2,253,518
49.9
617,649
1,140,915
84.7
718 ΠΟΥΛΙΟΣ Α. ΑΕ
NON MINERAL
719 DELOITTE & TOUCHE S.A.
SERVICES
720 KYRGIAS Μ. G. S.A.
3,789,934
4,943,927
30.4
790,599
1,140,601
44.3
24,657,464
24,709,882
0.2
688,734
1,134,294
64.7
MISCELLANEOUS PRODUCTS
3,572,991
4,680,882
31.0
824,623
1,131,785
37.2
721 NIK. I. THEOCHARAKIS S.A.
TRANSPORTATION MEANS & SPARE PARTS
113,720,300
118,936,339
4.6
252,080
1,127,113
347.1
722 EVIOP-TEMPO S.A.
ELECTRICAL SUPPLIES
723 MARKET IN S.A.
SUPERMARKET
724 S. GIANNIKAKIS S.A.
HOTELS
725 MARVIFARM S.A.
25,992,828
26,335,948
1.3
987,383
1,122,141
13.6
186,066,278
229,471,499
23.3
819,641
1,118,519
36.5
7,982,601
9,431,448
18.2
1,271,418
1,113,605
-12.4
PHARMACEUTICALS COSMETICS
40,399,662
43,327,713
7.2
1,261,186
1,111,840
-11.8
726 PELOPAC S.A.
FOOD PRODUCTS
14,773,564
17,308,090
17.2
780,900
1,110,656
42.2
727 DROMON S.A.
CONSTRUCTION COMPANIES
5,972,946
6,530,000
9.3
1,030,350
1,110,000
7.7
728 SPOT - THOMPSON S.A.
ADVERTISING COMPANIES
27,157,743
21,050,631 -22.5
-841,999
1,107,967
_
729 KAPACHEM S.A.
CHEMICAL PRODUCTS
24,217,987
25,267,274
4.3
1,890,661
1,107,045
-41.4
730 HELIOGENESIS S.A.
ENERGY
2,536,939
2,485,302
-2.0
1,183,451
1,103,851
-6.7
731 MAGNITIKI PATRON S.A.
MEDICAL SERVICES
3,126,380
3,464,662
10.8
886,259
1,102,673
24.4
732 DENTSU AEGIS NETWORK HELLAS S.A.
ADVERTISING COMPANIES
3,931,279
4,719,673
20.1
1,442,872
1,100,312
-23.7
733 PAREX S.A.
CLOTHING - FOOTWEAR
7,994,385
8,635,845
8.0
946,054
1,099,629
16.2
734 PAPANDREOU MEDICAL SERVICES S.A.
MEDICAL SERVICES
3,182,108
3,767,248
18.4
618,279
1,099,451
77.8
735 C & M TEXHNIKI S.A.
CONSTRUCTION COMPANIES
4,497,927
4,312,336
-4.1
2,466,877
1,093,181
-55.7
736 PAPAGEORGIOU FOOD SERVICE S.A.
FOOD PRODUCTS
41,028,047
38,947,621
-5.1
2,673,127
1,088,316
-59.3
737 KASTOR S.A.
CONSTRUCTION COMPANIES
26,319,436
13,637,502 -48.2
267,501
1,085,257
305.7
738 ERGATIKAT S.A.
CONSTRUCTION COMPANIES
8,088,161
14,799,687
83.0
509,144
1,077,206
111.6
739 HALATSIS IMAGING CENTRE S.A.
MEDICAL SERVICES
3,161,397
3,408,966
7.8
682,327
1,076,568
57.8
740 “DUCASCO” DOURMOUSOGLOU S.A.
MISCELLANEOUS PRODUCTS
6,967,944
7,698,506
10.5
813,804
1,075,710
32.2
741 I. & F. KONTARATOU S.A.
SUPERMARKET
23,047,862
23,838,107
3.4
1,580,405
1,072,995
-32.1
742 TOUMBOURLEKAS GEORGIOS S.A.
FOOD PRODUCTS
2,811,317
3,448,682
22.7
661,407
1,071,688
62.0
743 WEALTH FINANCIAL SERVICES S.A.
FINANCIAL SERVICES
1,290,811
1,838,187
42.4
683,019
1,068,080
56.4
744 ALEXAKIS IOANNIS LTD
FOOD PRODUCTS
10,762,408
12,283,138
14.1
1,301,804
1,067,143
-18.0
745 SAKOS LTD
PLASTICS - RUBBER
11,027,659
12,198,380
10.6
750,038
1,065,918
42.1
746 SITISI S.A.
FOOD PRODUCTS
3,729,682
4,683,572
25.6
875,174
1,065,175
21.7
747 ONEX S.A.
SCIENTIFIC & MEDICAL DEVICES
6,285,810
6,358,363
1.2
870,842
1,065,166
22.3
748 EUROPEAN PROFILES S.A.
AIRLINES
7,632,207
7,029,182
-7.9
1,861,547
1,064,044
-42.8
749 LIAKAKOS S.A.
SANITATION - AIR CONDITIONING
7,544,648
8,548,535
13.3
846,795
1,060,735
25.3
750 M.G. CHYSAFIDIS S.A.
MISCELLANEOUS PRODUCTS
18,750,000
19,430,000
3.6
1,120,000
1,060,000
-5.4
751 GIORMANI Β. LTD
CHEMICAL PRODUCTS
13,995,795
13,435,642
-4.0
1,633,023
1,059,633
-35.1
752 ΟΚΤΑΒΙΤ S.A.
OFFICE DEVICES
51,179,059
48,727,020
-4.8
1,484,721
1,052,964
-29.1
I 120 I
I 121 I
19.5
-1,118,010
1,052,003
_
HOTELS
3,854,033
3,910,000
1.5
1,029,751
1,050,000
2.0
755 GOLDAIR GOLEMIS S.A.
TOURISM ENTERPISES
1,330,679
2,100,000
57.8
805,228
1,050,000
30.4
756 MOURIKIS FOTIOS ANAST. S.A.
WOOD PRODUCTS
18,708,213
21,194,675
13.3
607,279
1,049,370
72.8
757 DYNAMIC PHARMA S.A.
PHARMACEUTICALS COSMETICS
85,457,246
87,623,864
2.5
1,294,242
1,048,870
-19.0
758 ELECTRA HOTELS & RESORTS S.A.
HOTELS
6,346,933
6,090,716
-4.0
1,957,823
1,048,605
-46.4
759 LAMDA FLISVOS MARINA S.A.
TRANSPORT COMPANIES
11,277,284
11,803,579
4.7
-1,028,498
1,046,314
_
760 MAYORAL HELLAS SOLE SHAREHOLDER LTD
CLOTHING - FOOTWEAR
17,979,180
20,140,103
12.0
754,555
1,045,551
38.6
761 MOLDPLAST S.A.
PLASTICS - RUBBER
1,618,409
1,533,271
-5.3
1,190,797
1,044,220
-12.3
762 ANEL S.A.
CLOTHING
7,063,231
8,261,284
17.0
772,909
1,043,498
35.0
763 EL SABOR S.A.
FOOD PRODUCTS
9,358,372
10,939,246
16.9
924,393
1,042,415
12.8
764 PURATOS HELLAS S.A.
FOOD PRODUCTS
21,466,829
23,239,952
8.3
653,406
1,041,910
59.5
765 FERRERO S.P.A. GREECE LTD
FOOD PRODUCTS
35,303,428
26,104,184 -26.1
336,113
1,041,757
209.9
766 ZISIMOPOUOU ST. S.A.
HOTELS
767 MATTEL S.A.
MISCELLANEOUS PRODUCTS
768 VERMA DRUGS S.A.
PHARMACEUTICALS DETERGENTS
769 EXOTHERMIA S.A.
753 - 797
753 MARMARAS Κ. SONS LTD
FOOD PRODUCTS
754 ATHINAIKI HOTEL CO. S.A.
Pre-Tax Income Change
24,763,070
Sector
Pre-Tax Income 2016
20,716,160
Company Name
Pre-Tax Income 2015
Turnover 2016
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2015
2018
Turnover Change
DIAMONDS OF THE GREEK ECONOMY
4,038,391
4,351,641
7.8
1,011,297
1,040,064
2.8
24,801,776
26,520,732
6.9
1,784,520
1,039,788
-41.7
6,743,116
5,559,205 -17.6
1,292,574
1,037,203
-19.8
INFORMATION TECHNOLOGY
2,430,017
3,130,147
28.8
1,219,114
1,036,866
-14.9
770 ΠΕΤΡΙΔΗΣ S.A.
ELECTRICAL APPLIANCES
9,776,325
10,934,574
11.8
638,624
1,035,003
62.1
771 GOLD STAR AVIATION LTD
AVIATION
1,566,137
1,804,139
15.2
827,362
1,033,102
24.9
772 VIODIESEL LTD
CHEMICAL PRODUCTS
7,454,871
7,570,458
1.6
827,659
1,032,965
24.8
773 HONDOS CENTER S.A.
PHARMACEUTICALS COSMETICS
34,250,404
36,483,522
6.5
1,119,401
1,030,994
-7.9
774 SHIRE HELLAS S.A.
PHARMACEUTICAL PRODUCTS
6,161,842
103,140
1,027,443
896.2
775 HELIOAKMI S.A.
ELECTRICAL APPLIANCES
6,341,027
5,939,057
-6.3
1,461,612
1,025,181
-29.9
776 ADELE MARE S.A.
HOTELS
3,943,815
4,046,021
2.6
1,505,867
1,024,792
-31.9
777 GE HEALTHCARE SA (ex MEDICAL SYSTEMS HELLAS S.A.)
SCIENTIFIC & MEDICAL DEVICES
32,015,485
30,355,693
-5.2
226,926
1,023,752
351.1
778 P. MOURGIS BROS S.A.
SUPERMARKET
15,451,354
17,870,754
15.7
599,984
1,023,664
70.6
779 KALOGIROU I. BROS S.A.
FOOD PRODUCTS
8,939,127
8,081,895
-9.6
1,009,168
1,021,509
1.2
780 TEPSE TECHNIKI PSIKTIKI S.A.
MACHINERY
4,984,695
5,996,391
20.3
795,220
1,020,894
28.4
781 ERGOSYN S.A.
CONSTRUCTION COMPANIES
5,737,191
3,596,071 -37.3
2,784,092
1,020,881
-63.3
782 FRONTIS S.A.
MEDICAL SERVICES
4,059,745
4,060,000
0.0
1,022,643
1,020,000
-0.3
783 MATI BROS S.A.
FOOD PRODUCTS
5,344,290
5,290,000
-1.0
482,455
1,020,000
111.4
784 UNI-PHARMA KLEON TETSIS S.A.
PHARMACEUTICALS DETERGENTS
48,986,797
54,435,982
11.1
4,715,961
1,019,354
-78.4
785 NOVACERT LTD
MISCELLANEOUS SERVICES
10,241,013
9,813,690
-4.2
433,890
1,017,529
134.5
786 JOURNALISTS INDEPENDENT PRODUCTIONS Ε.Π.Ε.
MISCELLANEOUS SERVICES
2,613,221 -11.3
1,486,939
1,016,680
-31.6
787 EXARCHOS S.A.
FOOD PRODUCTS
14,857,884
18,535,683
24.8
1,030,852
1,014,570
-1.6
788 MITSOPOULOS FARM S.A.
FOOD PRODUCTS
23,196,040
25,222,356
8.7
265,148
1,012,480
281.9
789 SPACE HELLAS S.A.
OFFICE DEVICES
51,782,000
44,906,000 -13.3
430,000
1,012,000
135.3
790 OCCIDENTAL S.A.
TOURISM ENTERPISES
3.0
915,237
1,006,795
10.0
791 IMERIDIS - MAKROPOULOS ‘’MILKPLAN’’ S.A.
AGRICULTURAL ENTERPRISES
11,621,981
10,443,241 -10.1
886,067
1,006,312
13.6
792 G4S SECURE SOLUTIONS S.A.
MISCELLANEOUS SERVICES
25,294,008
23,401,751
-7.5
497,905
1,005,101
101.9
793 CORFU PORT ORGANISATION S.A.
TRANSPORT COMPANIES
2,871,140
3,287,771
14.5
597,106
1,003,737
68.1
794 ASPIS S.A. (DEDES CON.)
FOOD PRODUCTS
34,830,923
34,456,024
-1.1
1,636,838
1,003,273
-38.7
795 Μ.Ε.ΤΕ. S.A.
MINES
13,005,946
11,954,153
-8.1
776,322
1,002,899
29.2
796 ORBIT POLYMERS S.A.
CHEMICALS - PAINTS
50,707,586
40,410,000 -20.3
1,445,614
1,000,000
-30.8
797 HERON ΙΙ THERMOELECTRIC STATION OF VIOTIA S.A.
ENERGY
63,640,000
96,230,000
-41,961,000
1,000,000
_
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2,944,597
7,704,119
18,324,198 197.4
7,935,996
51.2
I 123 I
DIAMONDS OF THE GREEK ECONOMY
2018
Petroleum Products Industrial Turnover 5,992,446,000.00 €
PROFIT BEFORE TAXES 466,224,000.00 €
HELLENIC PETROLEUM SA
Seeing sales and profits rise in 2017
Efstathios Tsotsoros, ΟΜΙΛΟΣ ΕΤΑΙΡΕΙΩΝ President of BoD & CEO
GROUP OF COMPANIES
Contact details 8A Chimarras St., GR 151 25, Maroussi, Athens, Greece Tel.: +30 210 63 02 000 Fax: +30 210 63 02 510 Website: http://www.helpe.gr/
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Founded in 1998, Hellenic Petroleum (ELPE) is one of the leading energy groups in South East Europe, with activities spanning across the energy value chain and presence in 6 countries. In 2017, Group Adjusted EBITDA amounted to €834m, on total revenues of €8bn. Hellenic Petroleum’s key shareholders are Paneuropean Oil and Industrial Holdings S.A. (45.5%) and the Hellenic Republic Asset Development Fund (35.5%), with the remaining held by institutional (11%) and private (8%) investors. Refining is the Group’s core business, accounting for 75% of total assets. It owns three of Greece’s four refineries, of total capacity of 340 kbpd, with a 65% share in the domestic oil products wholesale market. The Group is the domestic ground fuels marketing leader, with a retail network of some 1,700 service stations throughout Greece, as well as LPG, industrial, aviation and marine fuels and lubricants businesses. Hellenic petroleum is a leading player in SE European markets. The group owns the OKTA facilities in Skopje (FYROM) for transportation and marketing petroleum products, and through its network of 300 petrol stations is one of the key fuels marketing players in Cyprus, Serbia, Bulgaria, Montenegro and FYROM. The group’s wide range of activities includes: refining, supply & trading of petroleum products, both in Greece and abroad (primary activity), fuels marketing, both in Greece and abroad, petrochemicals/chemicals production & trading, oil & gas exploration & production, power generation & natural gas, renewable energy sources (RES), engineering services and pipe line networks - sea transportation. The Group’s exploration and production activities are focused in Greece. HELLENIC PETROLEUM has been awarded E&P rights as Operator (50%) in the block of Patraikos Gulf, offshore Western Greece together with Edison and has a 25% interest in the Sea of Thrace Concession, in a consortium with Calfrac (75%). In addition, HELLENIC PETROLEUM has been awarded E&P rights (25%) in Block 2, in a JV with TOTAL and Edison, as well as for two onshore blocks in Western Greece “Arta- Preveza” and “NW Peloponnese” (100% operator). HELLENIC PETROLEUM has also been declared as the Selected Applicant for “Block 10”, in the Kyparissiakos Gulf and has submitted an offer for the offshore “Block 1”, North of Corfu. HELLENIC PETROLEUM is the sole petrochemicals producer in Greece, mainly active in the propylene-polypropylene value chain. The firm’s domestic market share exceeds 50%, while exports, mainly to Turkey and other Mediterranean countries, account for approximately 70% of sales. HELLENIC PETROLEUM is also active in the power and gas sectors. Power generation and trading activities are carried out through Elpedison, a JV with Edison, which owns and operates two CCGT plants in Greece, one 390MW plant in Thessaloniki and a 420MW plant in Thisvi, with growing presence in the electricity supply business. Additionally, HELLENIC PETROLEUM recently entered the field of renewable energy sources with a portfolio of 17 MW in operation and over 200MW in various development stages. The Group is present in the natural gas sector through its 35% stake in DEPA, Greece’s incumbent gas company and the main natural gas importer and wholesale supplier in the country. DEPA fully owns DESFA, Greece’s natural gas grid owner and operator, and 51% of each of the local distribution (EDAs) and supply companies (EPAs). In 2017, Hellenic Petroleum posted a high increase in turnover, as well as a rise in earnings before taxes. Total sales jumped to 7.23 billion euros against 5.92 billion euros a year earlier. Exports in 2017 amounted to 3.72 billion euros, against 3.21 billion euros in 2016. The domestic market in the same year made sales of 2.54 billion euros, while aviation & shipping stood at 966 million euros. Earnings before tax amounted to 482 million euros compared to 466 million euros in 2016. Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
HELLENIC PETROLEUM SA 2016 2017 Change (%) 5,925,776,000.00 € 7,233,600,000.00 € 22.1 466,224,000.00 € 482,391,000.00 € 3.5 701,165,000.00 € 758,145,000.00 € 8.1 1,590,150,000.00 € 1,809,223,000.00 € 13.8 4,645,069,000.00 € 4,387,963,000.00 € -5.5
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DIAMONDS OF THE GREEK ECONOMY
2018
Petroleum Industrial Turnover 4,511,920,000.00 €
PROFIT BEFORE TAXES 392,804,000.00 €
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.
A leader in the oil refining business
Vardis Vardinogiannis, President of Motor Oil Hellas
Contact details 12A Irodou Attikou St., 151 24 Maroussi, Attica, Greece Tel: +30 210 8094000 Fax: +30 210 8094444 Website: www.moh.gr E-mail: info@moh.gr
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Motor Oil Hellas (MOH) is committed to being a leader in the petroleum refining business, providing its serving region with a reliable and affordable supply of energy. Through its evolution, MOH is now considered as one of the major contributors to the domestic economy and a key market player in the region. MOH is listed on the Athens Stock Exchange and is a constituent of the ATHEX COMPOSITE INDEX, FTSE/ATHEX LARGE CAP INDEX, as well as various sectoral indices. The Refinery with its ancillary plants and offsite facilities forms the largest privately held industrial complex in Greece and is considered as one of the most modern refineries in Europe. Due to its flexibility it can process crude oils of various characteristics and produce a full range of petroleum products, complying with the most stringent International Specifications, serving major petroleum marketing companies in Greece and abroad. Apart from fuels, MOH is the only Lubricants producer and packager in Greece. Base oils and finished lubricants produced, are approved by International Organizations, ACEA, API, the US NAVY & ARMY. The Refinery production operations are located in Agii Theodori, in the province of Corinth, about 70 km outside Athens. The Administration and the General Divisions of Marketing, Finance, Administration & Human Resources and Strategic Corporate Planning & Development are housed at the company Headquarters in a modern building in Maroussi, a suburb of Athens. MOH’s Quality Management System, is certified according to ISO 9001:2015 for the production & delivery of fuels, lubricants, waxes and bitumen. Additionally the environmental management systems are certified according to ISO 14001:2015. Moreover MOH’ Health and Safety system is certified according to OHSAS 18001:2007. MOH’S Refinery is one of a handful European refineries certified with these three certifications. The Company is totally committed to continuous quality improvement, and within the scope of this commitment, in September 2006 the Refinery’s Chemical Lab was certified according to ISO 17025:2005 by Greece’s National Certification System (ESYD), valid up to September 2018. Furthermore, since 2007 within the framework of its commitment for continuous improvement of Environmental Management, the Company voluntarily publishes an annual Environmental Statement according to European Regulation 1221/2009 (Eco-Management and Audit Scheme), verified by Bureau Veritas. MOH’s extraordinary growth can be largely attributed to its human resources, as the firm strives to help its people develop to their highest potential, through continuous training programs and assignment of challenging projects. At group level, Motor Oil in 2017 posted a rise in total sales to 7.84 billion euros against 6.35 billion euros a year earlier. Earnings before taxes also rose to 450 million euros compared to 428 million euros in 2016. In the same year, the Company reported a surge in sales to 5.73 billion euros compared to 4.51 billion euros the previous year. A breakdown of the volume of sales reveals the strong export character of the distillery (sales abroad, including shipping, amounted to 82.28% of the total sales volume in 2017 compared to 77.85% in 2016), as well as the significant contribution by industrial activity (92.37% of the total volume of sales in 2017, compared to 86.86% in 2016). MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. 2015 2016 Change (%) Turnover 5,276,468,000.00 € 4,511,920,000.00 € -14.5 Profit Before Taxes 291,798,000.00 € 392,804,000.00 € 34.6 Gross Profit 408,379,000.00 € 465,999,000.00 € 14.1 Total Equity 510,778,000.00 € 706,675,000.00 € 38.4 Liabilities 1,501,463,000.00 € 1,567,904,000.00 € 4.4
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DIAMONDS OF THE GREEK ECONOMY
2018
GAMBLING & BETTING Commercial Turnover 1,609,661,000.00 €
PROFIT BEFORE TAXES 233,914,000.00 €
GREEK ORGANIZATION OF FOOTBALL PROGNOSTICS (OPAP) SA
Greece’s largest betting firm
Kamil Ziegler, President OPAP SA
Contact details 62 Kifisou Ave., 12132 Peristeri, Attica, Greece Tel.: +30 210 5798800 Fax: +30 210 5798342 E-mail: info@opap.gr Website: www.opap.gr
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The Organization of Football Prognostics (OPAP) was established in 1958, with the scope to undertake the organization and operation of the betting PROPO game. In 1999, OPAP was “reborn,” as it was converted into a Societe Anonyme, fully-owned by the Greek State. According to a 2003 decision by the Extraordinary General Assembly of the shareholders of the Company, its registered office was moved to the municipality of Peristeri, Attica. The Company may establish branches, agencies and offices in Greece and abroad in order to serve its purposes. OPAP is Greece’s leading gaming company and one of the most respected in the industry worldwide. The company was founded in 1958 as the national lottery in the country, and was listed on the Athens Stock Exchange in 2001, holding the exclusive license to use any numerical lottery (7 games), the sports betting (4 games) and horse racing. It also has the exclusive rights to Lottery and Scratch in Greece through a joint venture in which it holds a 67% stake. Today, OPAP has grown into a group of companies, which owns the following subsidiaries: ● OPAP Cyprus Ltd: Established in 2003 as part of OPAP’s international expansion strategy, to offer in Cyprus the games available by the parent company, excluding PAME STICHIMA. ●O PAP Sports: This was Cyprus’ sports betting company OPAP Glory Ltd. acquired by OPAP (90% in 2003 and 10% in 2008), to secure its presence in the fixed odds betting industry in Cyprus. In late 2010, OPAP Glory Ltd was renamed to OPAP Sports. ●O PAP International Ltd: Established in 2004 in Cyprus to support the Company’s strategic expansion of operations abroad, introduce new games and upgrade existing ones internationally. ●O PAP Service Providers SA: Established in 2004 with the objective to provide support services in relation to operational functions and needs of OPAP. ●O PAP INVESTMENT LTD: Founded in Cyprus in order to organize, conduct and manage any kind of gaming, instant lotteries and fixed or variable returns staking. The Group also owns the following companies: Hellenic Lotteries S.A. (67%, lotteries), Total Direct SA (100%, payment services), Tora Wallet SA (100%, Provision of financial services), Horse Races SA (100%, Horse races, Mutual Betting on Horse Races), Neurosoft SA (67.72%, Provision of Software Services). OPAP’s (group) revenues (GGR) in the fiscal year 2017 increased 4.1% to 1,455 million euros compared to 1,397 million euros a year earlier. Group pre-tax earnings dropped to 193 million euros, from 236 million euros in 2016. Revenues in Q4 increased by 2.5% y-o-y due to the solid performance of betting products & VLTs contribution only partially counterbalanced by the lack of favorable joker jackpot rollovers. EBITDA in 2017 inched down 0.4% to 306.5 million euros, against 307.5 million euros a year earlier, marginally lower despite the concurrent implementation of several large scale projects. In Q4 2017, EBITDA declined 1% to 82.9 million euros compared to 83.7 million euros in Q4 2016; after adjusting for one-off costs of 7.1 million euros, Q4 2017 EBITDA reached 90 million euros, up 7.5% y-o-y. Net profit in 2017 dropped 25.9% to 126.2 million euros. Adjusted net profit in Q4 2017 came in at 40.0 million euros compared to 55.1 million euros in Q4 2016. GREEK ORGANIZATION OF FOOTBALL PROGNOSTICS (OPAP) SA 2015 2016 Change (%) Turnover 1,683,798,000.00 € 1,609,661,000.00 € -4.4 Profit Before Taxes 301,661,000.00 € 233,914,000.00 € -22.5 Gross Profit - - Total Equity 1,162,282,000.00 € 1,038,121,000.00 € -10.7 Liabilities 380,249,000.00 € 502,634,000.00 € 32.2
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DIAMONDS OF THE GREEK ECONOMY
2018
Transportation Commercial Turnover 404,553,978.00 €
PROFIT BEFORE TAXES 189,068,866.00 €
Athens International Airport “Eleftherios Venizelos”
Carrying almost 22 million passengers in 2017
Mrs. Efthalia Soultou, President and CEO
Contact details Spata 19019, Greece Tel.: +30 210 3530000 Fax: +30 210 3530001 Email: airport_info@aia.gr Website: www.aia.gr
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The Athens International Airport “Eleftherios Venizelos”, one of the most modern and functional airports in the world, opened in March 28th, 2001, marking the onset of a new era for air transport in Greece. The Airport Company, “Athens International Airport SA” (AIA), was established in 1996 as a Public-Private Partnership with a 30-year B.O.O.T. (Build-Own-Operate-Transfer) concession to build and operate the airport. AIA is a privately managed company, with the Greek State holding 55% of shares, while the private shareholders collectively hold 45%, and has undertaken successfully a series of very important roles, i.e. manager of the airport, employer and responsible corporate citizen. Thanks to its favorable geographical location at the cross-roads of three continents, state-of-the-art infrastructure and top-notch service, the Athens International Airport has earned the trust of passengers, as well as numerous international distinctions and awards. Today, it constitutes one of the major gateways to South-Eastern Europe and forms a unique entrepreneurial entity of economic and social development in the Attica basin. Over 13,000 people are employed as part of a large airport community, which consists of more than 300 companies closely connected to AIA and constitutes one of the biggest employment engines in Greece. During its 15 years of successful operation, the airport has served more than 214 million passengers through 2.6 million flights. AIA offers its airline partners one of the most innovative and integrated incentives programs, to ensure sustainability and further growth of both domestic and international traffic. The Athens International Airport, however, is far more than just a gateway to South-Eastern Europe; aiming at continuous growth, AIA develops its extensive real estate assets, conducts large-scale commercial activities, and exports the company’s pioneering know-how in the IT sector. Besides its aeronautical and non-aeronautical activity, AIA remains always committed to its role as a responsible corporate citizen, introducing and implementing a range of programs, actions and special CR initiatives for society at large, and with a special focus on its neighbors in the local communities. Overall, in 2017, the Athens International Airport recorded an all-time high performance, with 21.74 million passengers, surpassing previous year traffic by 1.7 million (+8.6%). This outcome was mainly driven by the strong growth of the international market (+1.5 million or +12%), whereas the domestic market presented a slow rise of 2.4% due to capacity reduction in the winter period. More specifically, the domestic passenger number rose to 7.3 million, compared to 7.1 million the previous year (+171,000 passengers). During April 2018, the airport’s passengers produced a strong rise of 13.6%, reaching 1.87 million, with both domestic and international travellers achieving growth, at the level of 8.5% and 16.1%, respectively. Contrary to the first three months of 2018, the strong rise of the domestic market this month is noteworthy, attributed both to Easter Holiday, as well as to the enhanced domestic operations during the running summer flight schedule. During the period January through April 2018, the airport’s passenger traffic reached 5.9 million, achieving an almost double-digit growth (+9.7%), with domestic traffic still being below the respective 2017 volumes (-1.6%) due to the 1st quarter’s decline, whereas international passengers enjoyed a sharp increase of 16%.
Athens International Airport “Eleftherios Venizelos” 2015 2016 Change (%) Turnover 371,306,444.00 € 404,553,978.00 € 9.0 Profit Before Taxes 179,843,849.00 € 189,068,866.00 € 5.1 Gross Profit - - Total Equity 470,684,034.00 € 487,948,084.00 € 3.7 Liabilities 745.062.873,00 € 694.383.684,00 € -6,8
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DIAMONDS OF THE GREEK ECONOMY
2018
Electricity Industrial Turnover 2017 4,943,946,000.00 €
PROFIT BEFORE TAXES 2017 60,679,000.00 €
Emmanouil Panagiotakis, Chairman & CEO PPC S.A.
Contact details 30 Chalkokondyli Str. 10432, Athens, Greece Τel.: +30 210 52930301 E-mail: info@dei.com.gr Website: https://www.dei.gr
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Public Power Corporation S.A. Always by your side
››››››
PPC Group is Greece’s leading electric utility, with activities ranging across mining, power generation, distribution network operation and supply of electricity to end consumers. It is the country’s largest power generator with a total installed capacity of 12.1 GW including thermal, hydro and RES power plants in the mainland and in the islands. It is also the owner and operator of the electricity distribution network, through its subsidiary HEDNO SA, and the largest power supplier, providing electricity to approx. 7.2 million customers across the country, including the islands. PPC was founded in 1950 and is one of the largest industrial groups in Greece with revenues of €4.9bn and total assets of €15.4bn in 2017, employing a staff of approximately 17,500. The Company’s shares are traded on the Athens Stock Exchange since 2001.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Public Power Corporation Group Results 2016 (Restated) 2017 Change (%) 5,129,996,000.00 € 4,943,946,000.00 € -3.6 125,364,000.00 € 60,679,000.00 € -51.6 125,364,000.00 € 60,679,000.00 € -51.6 5,859,675,000.00 € 5,610,539,000.00 € -4.3 10,972,696,000.00 € 9,747,702,000.00 € -11.2
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DIAMONDS OF THE GREEK ECONOMY
2018
Telecommunications Commercial Revenues 3.857,1
ADJUSTED EBITDA 1,303.9
OTE GROUP
Michael Tsamaz, OTE Group Chairman and CEO
Contact details 99 Kifissias Ave., 15124, Maroussi, Athens, Greece Tel.: +30 210 6111000 Fax: +30 210 6115825 Website: www.cosmote.gr
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Greece’s fiber optics company OTE Group is the largest telecommunications provider in the Greek market, and, together with its subsidiaries, forms one of the leading telecom groups in South-eastern Europe. It is among the three largest listed companies, in terms of capitalization, on the Athens Stock Exchange and is also listed on the London Stock Exchange (LSE). Deutsche Telekom holds 45% of OTE’s share capital and the Greek State holds 5%. OTE Group employs a staff of more than 20,000 in three countries. Under the unified COSMOTE commercial brand, OTE Group offers the full range of telecommunications services: from fixedline and mobile telephony, broadband services, to pay television and integrated ICT solutions. The key message and brand promise of COSMOTE is “a better world, for all”, through technology. Its mission is to bring technological capabilities to all, so that everyone can live and enjoy at the fullest all possibilities offered now, while also building on them for a better tomorrow. In addition to its core telecommunications activities, the Group in Greece is also involved in maritime communications, realestate and professional training. Abroad, the Group operates in the telecommunications markets of Romania, where it offers fixedline and mobile communications, as well as television services, and in Albania, where it offers mobile telephony services. Telecommunications infrastructure OTE Group invests heavily in New Generation Networks, creating infrastructure which will boost the Greek economy and create growth potential. It is the largest investor in new technologies and infrastructure in Greece, having invested over €2bn over the past six years. OTE Group announced its new investment plan, amounting to €2bn, until 2022, to offer even higher speeds and larger coverage in fixed-line and mobile telephony. Thanks to its extensive investments, OTE Group has the largest fiber optic network in Greece. COSMOTE Fiber, with 43,000 km length, enables more than 2.7 million
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households and businesses to enjoy internet speeds of up to 200Mbps, as well as advanced broadband services via fiber optics. In mobile telephony too, OTE Group breaks new ground by constantly developing its networks. 3G network covers approximately 99% of Greece’s population, and at the end of 2012 was the first provider in Greece to commercially launch a 4G LTE (Long Term Evolution) technology network. Today, it is by far the No1 in Greece in terms of population coverage, with its 4G and 4G+ LTE Advanced technology network, reaching 98% and 92% respectively. ΟΤΕ Group is the sole provider in Greece offering internet speeds up to 500Mbps through its 4G+ network. Financial Data In 2017, the Group posted sales of €3.86bn, at about the same level as last year. Adjusted EBITDA reached €1.3bn and adjusted EBITDA margin remained stable at 33.8%. The adjusted free cash flow was in line with forecasts at €105.1mn, affected by
›››››› the Group’s rising investments in new networks and infrastructures, reaching nearly €800mn, in 2017. The Group’s adjusted Net Debt was €0.7bn or 0.6 times the Group’s annual adjusted EBITDA. Sustainable growth Through technology and innovation, OTE Group aims to create a better world for all. Responsible business conduct is a prerequisite for doing so. Sustainable growth is an integral part of the Group’s business strategy and the sustainable growth principles are integrated into its operation. The priorities of the Sustainable Growth Strategy are summarized in five thematic priorities: Responsible Business, Digital Society, Better World for All, Responsible Employment and Development, Sustainable Environment for All. In a difficult period for the Greek economy and society, OTE Group supported vulnerable social groups, children, education, entrepreneurship, local communities, culture and sports, offering more than 4.2 million in 2017.
(€ mn)
Revenues Adjusted EBITDA Adjusted EBITDA margin (%) Cash & Other financial assets Adjusted Net Debt
OTE GROUP REPORT 2017 2017 3.857,1 1,303.9 33.8% 1,303.6 737.1
2016 Change 3,908.1 -1,3% 1,320.9 -1.3% 33.8% 0 pp 1,591.2 -18.1% 533.9 +38.1%
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DIAMONDS OF THE GREEK ECONOMY
2018
PETROLeUM PRODUCTS Industrial
Energean
US$ 2 billion investments in the E&P sector up to 2021 Energean (LSE:ENOG) is an independent E&P company focused on developing resources in the Eastern Mediterranean, where it holds 13 licenses and operates assets which have been producing oil and gas for more than 37 years, with an excellent HSE track record. The Company, which is Greece’s sole oil and gas producer, started its operations by acquiring the Prinos licenses, offshore North East Greece in 2007, containing just 2 mmboe of audited 2P reserves at that time. Ten years later, the Company had created a balanced portfolio of production and development assets, totaling 51 mmboe 2P reserves in Greece, and 1.7 TCF of natural gas 2C resources and 45.9 mmbbls of oil 2C resources in Israel and Greece.
Mathios Rigas, Energean Group CEO
Contact details https://www.energean.com/contact-us/
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The Karish Development Israel is one of the world’s most rapidly growing natural gas markets as gas demand increased by an average 15.5% from 2006 to 2016. Consumption increased further to 10.4 BCM in 2017. According to NSAI’s Competent Persons Report (CPR), Energean’s flagship development fields, Karish and Tanin contain 2.4 TCF of natural gas (2C) gross resources (1.7 TCF net to Energean) and 32.8 mmboe of light hydrocarbon liquids. In total, Karish and Tanin contain 315 mmboe net to Energean 2C resources. In March 2018, the Company signed a secured Senior Credit Facility (the “Facility Agreement”) of up to US$1.275 billion with Morgan Stanley, Natixis, Bank Hapoalim and Societe Generale as Mandated Lead Arrangers. The Facility Agreement will be the primary source of funding for the development of the Karish offshore gas field over the next three years, with first gas production expected in early 2021. In the same month, Energean’s share has been admitted to the premium listing segment of the Official List of the UK Financial Conduct Authority and to trading on the main market of the London Stock Exchange. The company raised US$ 460 million, 405 out of which will be used in the Karish Development project. Energean announced that it has made the Final Investment Decision for the project on March 22nd. Energean has decided to develop the Israeli fields with an FPSO (Floating production Storage Offloading) which will be the first to operate in the Eastern Mediterranean. It should be noted that as of the 18th of June,
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Energean’s share entered FTSE 250. Development projects in Greece Energean is also producing from the Prinos and North Prinos oil fields, as well as the South Kavala natural gas field, offshore NE Greece, and employs 393 (excluding sailors, subcontractors, etc.) dedicated and highlyskilled professionals. Under an offtake agreement, all of the Group’s production of crude oil from the Prinos basin is sold to BP until November 1, 2025. According to Netherlands Sewell & Associates, Inc.’s (NSAI) Competent Persons Report (CPR), Energean has 39.5 million barrels of oil and 6 BCF of natural gas (2P) reserves and 22.9 million barrels of oil and 5.3 BCF of gas classified as contingent (2C) resources in the Prinos basin fields in Greece. Since September 2015, the Company has been executing the biggest drilling program in Prinos’ history. Eight wells have already been drilled successfully, while Energean has planned to invest US$ 350 million to drill up to 24 wells and build and install a new platform by 2021. In Western Greece, the proven oil field West Katakolo contains 10.5 mmboe 2P reserves, according to NSAIs CPR. Energean plans to make a Final Investment Decision about the development of the field in 2018, subject to market conditions. Upside potential from exploration activity In Karish and Tanin fields, 2.4 TCF of gas unrisked prospective resources have been audited by NSAI. The same independent
Prinos Complex, Gulf of Kavala
›››››› auditor has audited 1.8 TCF of gas plus 144 million barrels of oil un-risked prospective resources in Energean’s blocks, offshore Montenegro. Moreover, the Company holds a 40% working interest in the Ioannina and Aitoloakarnania blocks, onshore Western Greece, operated by Repsol. The significant exploration potential in the licences held in Israel, in the Adriatic and in Western Greece, provides Energean with the basis for future growth.
Karish and Tanin FPSO, Israel
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DIAMONDS OF THE GREEK ECONOMY
2018 Bank
Commercial Turnover 2,227,636,000.00 €
PROFIT BEFORE TAXES 137,789,000.00 €
ALPHA BANK S.A.
No. 38 in Europe’s top 100 companies
Demetrios Mantzounis, Chief Executive Officer
The Alpha Bank Group is one of the leading Groups of the financial sector in Greece. The Group offers a wide range of high-quality financial products and services, including retail banking, SMEs and corporate banking, asset management and private banking, the distribution of insurance products, investment banking, brokerage and real estate management. The Parent Company and main Bank of the Group is Alpha Bank, which was founded in 1879 by J.F. Costopoulos. Alpha Bank constitutes a consistent point of reference in the Greek banking system with one of the highest capital adequacy ratios in Europe. The Branch network in Greece consisted of 483 Branches (including Alpha Private Bank and Commercial Centres) as at 2017. Alpha Bank is active in the Greek and international banking market, with a presence in Cyprus, Albania, Romania and London. In 2017, Alpha Bank continued to support Small and Medium-Sized Enterprises (SMEs). In December 2017, through the “COSME” programme, Alpha Bank undertook the financing of Euro 200 million to SMEs while in July 2017, the Bank signed a loan agreement of Euro 150 million with European Investment Bank (EIB) to finance the agriculture, tourism, manufacturing and services sectors. In April 2017, a loan agreement previously signed with EIB, was activated for raising a total amount of Euro 100 million. In March 2017, Alpha Bank participated to the international consortium for the long-term financing of Fraport Greece, regarding the concession of 14 Greek regional airports. Also For yet another year, the Bank received major distinctions at the annual survey conducted by Extel, which highlights the best professionals of the financial sector in Europe. The Investor and Analyst Relations Division ranked, for the fourth consecutive year, first in Greece out of 30 companies and also came ninth out of 139 European banks. In addition, the Bank ranked 38th out of Europe’s top 100 companies that are active in all sectors of the economy. The bank reported 2017 turnover of 1.93 billion euros against 2.22 billion euros a year earlier. Pre-tax earnings dropped to 105 million euros compared to 137 million euros in 2016.
Contact details 40 Stadiou St., GR-102 52 ATHENS Tel.: +30 210 326 0000 Website: http://www.alpha.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ALPHA BANK 2015 1,822,515,000.00 € -1,812,457,000.00 € 838,543,000.00 € 8,418,033,000.00 € 56,574,849,000.00 €
2016 Change (%) 2,227,636,000.00 € 22.2 137,789,000.00 € 1,307,989,000.00 € 56.0 8,725,042,000.00 € 3.6 51,677,531,000.00 € -8.7
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DIAMONDS OF THE GREEK ECONOMY
2018
MISCELLANEOUS Commercial Turnover 550,508,516.00 €
PROFIT BEFORE TAXES 117,112,566.00 €
JUMBO SA
Greece’s largest toy store chain
Apostolos - Evangelos Vakakis, BoD Chairman
In 1986, a new toy store named Jumbo was launched in Athens, offering customers joy, fun and carelessness. Today, 30 years on, thanks to its extensive range of toys and games, the company is the top retail choice for children and adults. Today, the Group has a leading position in the retail sale of toys, baby items, gifts, homeware, stationery, etc. The firm’s objective is to remain a market leader, through continuously enriching the variety of its trading products, based on developments and demand trends in the categories in which the Group operates, as well as through keeping product prices at competitive levels and continuing its advertising campaign. Jumbo is a leader in the Greek market with a share of 36% to 38%. As at June 2016, Jumbo numbered 74 branches, of which 51 are located in Greece, five (5) in Cyprus, nine (9) in Bulgaria and seven (9) in Romania, while the Group also operates an electronic store, e-Jumbo. Through several partnerships, Jumbo has a presence with stores that carry the Jumbo brand in FYROM (two stores), Albania (two stores) and Kosovo (three stores). In addition, the firm recently renewed its franchise deal in Bosnia. Jumbo’s objective is to more effectively manage its existing network of stores and the company infrastructure through re-evaluation and upgrading of old stores, and expanding its network to new points in the coming years. The group employs 5,690 people (June 2017), including 4,898 permanent staff and 792 temporary employees. Jumbo is proud to have the largest and most modern warehouses in the Balkans, of a total surface area of 300,000 sq.m. On a financial level, the group in 2017 made sales of 681 million euros and pre-tax earnings of 173 million euros. The company in the same year saw its sales increase to 583 million euros, compared to 550 million euros a year earlier; pre-tax profits amounted to 116 million euros compared to 117 million in 2016. The group operates in four geographical segments: Greece, Cyprus, Bulgaria and Romania. The bulk of net sales in 2017 came from Greece (470 million euros), followed by Cyprus (80.65 million euros), Bulgaria (64.65 million euros) and Romania (65.60 million euros). The company also operates commercially in FYROM, Serbia, Albania, Bosnia and Kosovo through commercial partners. The largest percentage of sales came from household items (32.01%), followed by seasonal products (24%), toys (22.41%), stationary (7.74%), haberdashery and similar items (7.44%), baby products (6.33%) and miscellaneous products (0.07%).
Contact details 9 Kyprou St. & Idras St., 18346, Moschato, Αttica, Greece Τel.: +30 210 48 05 200 Fax: +30 210 48 05 212 E-mail: jb@jumbo.gr Website: www.jumbo.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
JUMBO SA 2015 518,969,929.00 € 101,717,465.00 € 242,010,038.00 € 633,415,732.00 € 280,064,495.00 €
2016 Change (%) 550,508,516.00 € 6.1 117,112,566.00 € 15.1 252,333,811.00 € 4.3 716,434,591.00 € 13.1 266,664,925.00 € -4.8
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DIAMONDS OF THE GREEK ECONOMY
2018
Super Market Commercial Turnover 2,181,162,000.00 €
PROFIT BEFORE TAXES 107,184,000.00 €
AB Vassilopoulos
AB Vassilopoulos: A leading company in the Greek Food Retail Market
Well into its 79th year of operation, AB Vassilopoulos is still going strong in leading the Greek food retail sector. Focused on quality and on providing excellent services and a wide range of products at competitive prices to consumers, the company is established in the minds of its suppliers, partners and customers as a reliable choice. Until today, as a member of the Ahold Delhaize family, AB Vassilopoulos continues to follow a steady path of growth, operating more than 420 stores throughout the country and employing more than 14,000 people – while maintaining its distinctive Greek identity as it supports its staff, customers and the national economy. To improve the life quality of the local communities in which it operates, the company implements integrated CSR programs. The Greek society embraces its activities, as shown by the measurable results of operations. Gazing at the future, AB Vassilopoulos` entire philosophy is reflected in the new CSR Platform called “ABitari tis Agapis” (The ABC of love), which includes all of the company’s initiatives and will embody even more. AB is keeping its leading position in the Greek retail market aiming at constantly improving, inside and out. Its commitment and efforts in various areas have often been recognized both in Greece and abroad, resulting in, among others, the following awards and distinctions: European Business Awards, Self Service Excellence Awards, Hellenic Responsible Business Awards, ICAP True Leaders, Logistic and Transport, KEM Franchise, Energy Mastering, Evolution Awards, Social Media Awards, etc. For further information on AB’s services and activities, please visit our website: http://www. ab.gr/
Contact details 81 Spaton Ave., 15344, Athens, Greece Tel: +30-210-6608000 Fax: +30 210 6048609 Website: www.ab.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ALFA - BETA VASSILOPOULOS SA 2015 2016 Change (%) 1,945,890,000.00 € 2,181,162,000.00 € 12.1 77,291,000.00 € 107,184,000.00 € 38.7 491,443,000.00 € 547,556,000.00 € 11.4 363,681,000.00 € 393,967,000.00 € 8.3 616,218,000.00 € 680,653,000.00 € 10.5
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DIAMONDS OF THE GREEK ECONOMY
2018
Attica Tollway S.A. Connecting All Attica
Transportation Commercial Turnover
Attica Tollway, locally known as Attiki Odos, is a pioneering project constructed on a concession basis, which constitutes one of the biggest co-financed road projects in Europe. It was among the first generation of co-financed projects awarded in Greece during the ‘90s, and essentially paved the way for the execution of future successful concession contracts, in Greece and other European countries. Attica Tollway is a modern motorway extending along 70 km. It forms the ring road of the greater metropolitan area of Athens and the backbone of the road network of the entire Attica Prefecture. It is an urban motorway, with two separate directional carriageways, each consisting of 3 lanes and an emergency lane. The suburban railway of Athens has been constructed in the central reservation of the motorway. Attica Tollway is a unique piece of infrastructure based on European standards, as it is essentially a closed toll motorway within a metropolitan capital, where the problem of traffic congestion is acute.
171,211,853.00 €
PROFIT BEFORE TAXES 103,204,827.00 €
Leonidas Bobolas, Chief Executive Officer
Contact details 41.9km Attica Tollway (Attiki Odos), 190 02, Paiania, Attica, Greece Tel: +30 210 6682000 Fax: +30 210 6635578 Email: publicrelations@attikesdiadromes.gr Website: http://www.aodos.gr/
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Attica Tollway is part of the PATHE road axis (Patra - Athens - Thessaloniki - Evzoni) and connects the Athens - Lamia National Road with the Athens – Corinth National Road, by-passing the centre of Athens. There are several significant benefits resulting from Attica Tollway. Indicatively, the motorway forms the main backbone that links all the modes of transportation and infrastructures in the Attica region: i.e. road, air, rail and sea. It significantly improves traffic conditions within the capital, by absorbing a significant portion of the daily traffic moving across the Attica basin. The project contributes to urban development and completion of physical planning in the Attica prefecture. It promotes the strategic restructuring of the energy and telecommunication networks, while also contributing to the residential and business development of the remote areas of Attica. In 2017, for the second consecutive year, the operation company of Attiki Odos, Attikes Diadromes S.A., was awarded the “CRI PASS” by the Institute of Corporate
›››››› Responsibility. The CRI Pass is a diagnostic tool for assessing business performance and Attikes Diadromes S.A. received the award in recognition of its efforts in the four pillars comprising Sustainable Development: Society, Environment, Employees and Marketplace.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Attica Tollway SA 2015 162,779,074.00 € 93,101,741.00 € 99,023,957.00 € 199,543,751.00 € 224,203,514.00 €
2016 Change (%) 171,211,853.00 € 5.2 103,204,827.00 € 10.9 107,307,324.00 € 8.4 201,818,079.00 € 1.1 216,963,580.00 € -3.2
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DIAMONDS OF THE GREEK ECONOMY
2018
Tobacco Products
KARELIA TOBACCO COMPANY INC
Industrial
When profitability met respect for human resources
Turnover 646,740,000.00 €
The Karelia Tobacco Company is committed to maintaining the highest standards of ethical behaviour and our corporate principles embrace every aspect of our business; in particular, our employees and our customers, and the community and environment in which we operate.
PROFIT BEFORE TAXES 88,290,000.00 €
results, year after year. Quality and innovation From our very beginning it has been our mission to provide our customers with tobacco products of the highest quality. This uncompromising dedication to excellence ensures every aspect of our production is subject to the most demanding standards of quality control and expertise. Karelia’s world of tobacco demonstrates a commitment to quality from every point in the production process – from the sourcing of the finest tobacco leaf to package design and product presentation.
About us Established in 1888, Karelia is Greece’s largest cigarette manufacturer and exporter. Karelia meets the challenges of world markets with more than a century of experience and a reputation for fine quality and innovation. Today, our brands are exported to over 65 countries around the world. A company with 130 years of experience in creating exquisite blends of tobacco. ●S atisfying
the tastes of the most discerning smokers
●P ackaged and presented with style and
elegance
Contact details Athinon St., 24 100 Kalamata, Greece Τel.: +30 27210 69213, +30 27210 69002 Fax: +30 27210 69080 Email: info@karelia.gr Website: https://www.karelia.gr
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Creating famous brands that have become part of the heritage of the tobacco industry, enhancing our status as creators of innovative and inspirational brands. Our Company’s corporate ambition is to grow our presence in world markets, continuing to deliver unique brands of high quality. Our commitment is to generate longterm value for our shareholders and employees, delivering positive financial
Our modern and flexible factory A high quality manufacturing environment is essential for the successful production of high quality cigarettes. At Karelia, our continuous investment programme ensures that our modern, climate-controlled factory remains a stateof-the-art complex, producing blends, sizes and pack formats to the highest international standards. We are the world’s first non-multinational company to employ the fastest available cigarette manufacturing and packing machinery, capable of producing 16,000 cigarettes per minute. Modern cigarette production has been transformed by scientific and technological innovation. Today, our manufacturing base in Kalamata enjoys the
›››››› latest computerised equipment and hightech instrumentation for quality control at every stage of the production process. From leaf to finished cigarette, the stateof-the-art technology guarantees that we achieve the world-class standards that are essential to maintaining our position as a leading manufacturer serving a global market place. Our Brands Our brands, are well known for their innovation, the high quality of carefully selected tobacco, unique blends and elegant packaging.
products and portfolio of brands that our customers enjoy today. In addition to ensuring that there is a safe and pleasant working environment, we continually invest in training so that everyone has the possibility to develop the skills necessary to face the challenges of the future.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
KARELIA TOBACCO COMPANY INC 2015 2016 Change (%) 629,520,000.00 € 646,740,000.00 € 2.7 83,350,000.00 € 88,290,000.00 € 5.9 114,535,000.00 € 113,377,000.00 € -1.0 344,646,000.00 € 383,358,000.00 € 11.2 76,810,000.00 € 97,616,000.00 € 27.1
International Presence Karelia Tobacco Company distributes its brands in over 65 countries around the world and holds 0.32% of the world cigarette consumption. Its brands hold a leading position both in the domestic markets in which they are distributed and in duty-free shops. Our People People have always been, and always will be, a vital business asset and their talents and energy have been key contributors to our success in creating the outstanding
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DIAMONDS OF THE GREEK ECONOMY
2018
Real Estate Commercial Turnover 101,649,000.00 €
PROFIT BEFORE TAXES 62,272,000.00 €
NBG PANGAEA REIC
Keeping up investment in real estate
Contact details 6 Karageorgi Servias St., 105 62, Athens, Greece Tel.: +30 210 3340011 Fax: +30 210 3340160 Email: infopangaea@nbg.gr Website: http://www.nbgpangaea.gr
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NBG Pangaea is the leading real estate investment company in Greece, founded in 1999 under the name ‘‘ATTICA PROPERTIES SA.” In 2007 it was renamed to MIG REAL ESTATE SA, and went public in 2009. The company is supervised by the Ministry of Economy, Infrastructure, Shipping and Tourism, as well as by the Hellenic Capital Market Commission (HCMC). A landmark year for the company was 2015, when the merger process was completed for the absorption of “National PANGAIA SA” by “MIG Real Estate SA”. The Company, being part of Greece’s National Bank Group, was renamed to “NATIONAL PANGAIA REAL ESTATE INVESTMENT SOCIETE ANONYME” with the distinctive title “National Pangaia SA.” With total assets of more than 1.6 billion euros, NBG Pangaea and its subsidiaries (the Group) engage in real estate investments, internally managed by experienced professionals with proven sourcing, execution and value creation track record. In April 2018, the real estate company’s portfolio included: 321 properties in Greece, 14 assets in Italy and 3 assets in Romania and Cyprus with total gross leasable area of 986,000sqm. In Greece, occupancy reaches 97.9% and the gross leasable area at 900,000sqm. Correspondingly, in Italy occupancy is 99.5% and GLA at 71,000sqm. The firm’s diversified portfolio comprises primarily office and high street retail and supermarkets assets, while it is expanding into new sectors such as city hotels, student housing and warehouses. Up to 50% of its properties consist of offices, 46.5% of high street retail & supermarket and a remaining 3.5% of others. In 2017, National Pangaia spent 71 million euros for investments in real estate. Specifically, it purchased four properties in Attica and Patras worth 47 million euros. In addition, it purchased a 24-million-euro property in Limassol, Cyprus. In 2018, the company has already signed a preliminary agreement for the acquisition of three commercial warehouses under construction in Aspropyrgos, Attica, of a total value of 13.06 million euros and total area of 27,200sqm. At Group level, total sales (rental income) in 2017 inched up to 117.95 million euros compared to 115.43 million euros the previous year, an increase of 2,2%. At company level, turnover in the same year rose slightly to 103 million euros, compared to 101 million euros in 2016. Group pre-tax profits jumped to 94.9 million euros (2016: 60.2 million euros), while company pre-tax income also rose to 102 million euros (2016: 62.2 million euros). In Q1 2018, the Group posted sales of 30.4 million euros from 28.7 million euros in the corresponding period a year earlier.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
NBG PANGAEA REIC 2015 2016 Change (%) 90,630,000.00 € 101,649,000.00 € 12.2 51,054,000.00 € 62,272,000.00 € 22.0 - - 1,178,719,000.00 € 1,198,877,000.00 € 1.7 252,380,000.00 € 310,124,000.00 € 22.9
15a Xenofontos Str., 105 57 Athens, Greece Tel.: +30 210 3238856 E-mail: info@sevitel.gr Web: www.sevitel.gr, www.oliveoil.gr
THE EUROPEAN UNION SUPPORTS CAMPAIGNS THAT PROMOTE HIGH QUALITY AGRICULTURAL PRODUCTS GREEK ASSOCIATION OF INDUSTRIES & PROCESSORS OF OLIVE OIL NON PROFIT ORGANIZATION FOR OLIVE OIL PROMOTION
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DIAMONDS OF THE GREEK ECONOMY
2018
Insurance Commercial
Ethniki, Hellenic General Insurance Co. S.A.
A leading force in the insurance sector for 127 years
Christoforos Sardelis, Chairman of BoD, Ethniki Insurance
Contact details 103-105 Syggrou Ave., 11745, Athens, Greece Tel.: +30 2130 318189 Fax: +30 210 9099111 Website: www.ethniki-asfalistiki.gr/
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Established in 1891, “Ethniki” is the oldest insurance company in Greece being the leader of the Greek Insurance industry and a powerful reference point in the public consciousness. The Company’s name has become synonymous to real assurance and incorporates the timeless values of reliability, ethos, safety, trust and respect. Member of NBG Group – 100% owned by the National Bank of Greece, “Ethniki” improves its infrastructure to provide quality services, pays claims to insured members of more than €1 million per day and has over 1,000,000 policyholders. In addition, “Ethniki” adopts a Customer-oriented philosophy, with continuous measurement of customer satisfaction, research and development of services & new products, supports the Education, Arts & Culture and the Environmental sustainability by contributing to local initiatives. “Ethniki” always stands near the people, covering every need, with modernized structures and dynamic sales networks of 155 Line offices, staffed by 2,128 insurance consultants and 1,469 co-operating Broker offices across Greece. Ethniki Asfalistiki Q1 2018 results “Ethniki” (Hellenic General Insurance Co. S.A.) extended its profitable course in the first quarter of 2018, with pre-tax earnings jumping to 18.6 million euros. A significant increase of 11.7% was also recorded in the company’s total production in Q1 2018, reaching 174.0 million euros compared to 155.7 million euros in the corresponding period of 2017. The above are more closely reflected on the increase in Life Insurance premiums by 3.6% to 119.3 million euros compared to 115.1 million euros in the corresponding period of 2017. With regard to the Property Insurance, Q1 2018 premiums increased by 71.6% reaching 29.1 million euros compared to the corresponding period a year earlier. The increase in production was the result of the firm’s successful operations by production networks, with the Bancassurance network increasing premiums in Q1 2018 by 21.5% to 49.4 million euros compared to 40.6 million euros in the corresponding period of 2017, attributed to the “Ethniki Efapax+” (National Oneoff+) product. The Company’s firm commitment to further improving capital adequacy has resulted in exceeding the Solvency Index by 100% without the use of the transitional measure for technical provisions, with the corresponding indicator now rising to 133% at 31.12.2017, compared to 96% at 31.12.2016. With the use of transitional measures and volatility adjustments, the Solvency II Index at 31.12.2017 stood at 200% against 170% at 31.12.2016. While remaining loyal in its values and its people centered approach, “Ethniki” is continually improving its infrastructure, aiming at the creation of innovative insurance programs and the provision of outstanding services which are constantly improving, and modernizing, in order to meet current requirements of its policyholders. Good performance at the level of profits and capital allow “Ethniki” to keep up its social contribution by being the major sponsor of “No Finish Line” in April 2018, which was the biggest charity race ever to be staged in Greece, with the aim of supporting the program for feeding poor families with minors, implemented by the non-profit Association “Together for Children”. In addition, during the last year, “Ethniki” has carried out over 50 actions supporting vulnerable groups in society, health, culture and sports.
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DIAMONDS OF THE GREEK ECONOMY
2018
ENERGY Commercial Turnover 248,613,000.00 €
PROFIT BEFORE TAXES 54,108,000.00 €
INDEPENDENT POWER TRANSMISSION OPERATOR (IPTO) SA
Posting higher results in 2017
Contact details 89 Dyrrachiou St., 104 43, Athens, Attica, Greece Tel.: +30 210 5192101 Fax: +30 210 5192324 E-mail: info@admie.gr Website: www.admie.gr
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The Independent Power Transmission Operator (IPTO) SA is a 100% subsidiary of PPC (Public Power Corporation SA) established in compliance with the provisions of Directive 2009/72/EC of the European Union on the legal and functional separation of the monopoly transmission and distribution activities of vertically integrated businesses operating in the energy sector. As the Administrator of Greek Electricity Transmission System Operator (ESMIE), IPSO has the task of ensuring the country’s electricity supply in a safe, efficient and reliable manner, promoting the development of free competition on the Greek electricity market and ensuring equal treatment of ESMIE users. IPSO’s installed grid lines extend to 11,232 km, including air, submarine and underground lines. These provisions were incorporated into Greek law (Act 4001/2011), under which IPTO was founded as a PPC subsidiary in accordance with the model of Independent Transmission Operator (ITO), as provided for in the abovementioned Directive. Under the provisions of Act 4001/2011, IPTO assumed the role of Manager of Greek Electricity Transmission System (ESMIE) and specific tasks of operation, maintenance and development of ESMIE, integrating the tasks and functions which were the responsibility of DESMIE as System Administrator and General Transmission Management of the PPC as the System Owner. In 2017, the Company posted a slight increase of 3% in revenues to 256 million euros compared to 249 million euros a year earlier. Operating Expenses dropped 7% to 149 million euros against 160 million euros in the previous year. This decrease was mainly due to a drop in contracting costs to 4 million euros compared to 9 million euros in the previous year, as well as to the cost resulting from reduced risk provisions to 5.5 million euros compared to 7.2 million euros in 2016. The above changes led to a 13% increase in EBITDA, which amounted to 172 million euros against 152 million euros, with the EBITDA margin reaching 67.05% compared to 61.14% a year earlier. Earnings before interest and depreciation still adequately covered the Company’s borrowing as shown by the Net Borrowing/EBITDA ratio of 1.36 versus 1.34 in 2016. The net profit margin jumped 24.07% in 2017, compared to 1.08% in 2016. Pre-tax profits came in at 82.9 million euros, compared to 54.1 million euros in the previous year.
INDEPENDENT POWER TRANSMISSION OPERATOR (IPTO) SA 2015 2016 Change (%) Turnover 264,601,000.00 € 248,613,000.00 € -6.0 Profit Before Taxes 61,931,000.00 € 54,108,000.00 € -12.6 Gross Profit 100,027,000.00 € 100,180,000.00 € 0.2 Total Equity 1,013,957,000.00 € 898,069,000.00 € -11.4 Liabilities 1,735,457,000.00 € 1,956,430,000.00 € 12.7
DIAMONDS OF THE GREEK ECONOMY
2018
Transportation Commercial Turnover 891,534,000.00 €
PROFIT BEFORE TAXES 50,018,000.00 €
AEGEAN AIRLINES SA
Growing passenger numbers and higher sales in 2017
Eftichios Vassilakis, Vice Chairman
Contact details 31, Viltanioti St., 145 64, Kifisia, Attiki, Greece Tel.: +30 210 62 61 700 Fax: +30 210 62 61 900 E-mail:Website: http://el.aegeanair.com/
Aegean Airlines is Greece’s largest airline provider since 1999 offering full service, premium quality short and medium haul services. In October 2013, Aegean acquired Olympic Air; as a result passengers now have increased flight frequencies and connections, as well as improved accessibility to Greece’s islands, including some of the more remote ones, both for visitors and Greeks alike. Aegean’s 2018 schedule includes a network of 153 destinations, 33 domestic and 122 international in 44 countries, with 16,600,000 available seats. The flights will be performed with one of the youngest fleets in Europe, comprising 61 aircraft, after the recent investment in additional new Airbus A320ceos. In 2017, Aegean was named “Best Regional Airline in Europe” at the Skytrax World Airline Awards in a survey conducted among over 19,9 million passengers. This award - which we have been honored with for the 7th successive year and 8th year in total since 2009 - is a further confirmation of the high quality of service we offer to our customers, who have shown their trust in us and made us their number one choice. In Aegean, we continuously invest in modern, brand new aircraft, as well as control systems, technical support and systematic training of our staff. In early 2016, the company made a significant investment to purchase seven new Airbus A320 type aircraft, thus reaching a total of 61 aircraft. Our fleet is maintained thoroughly in everyday level in our modern facilities of the technical department, staffed with specialized and well-trained engineers, mechanical engineers and aeronautical engineers. Every aircraft in our fleet has been equipped with all the advanced safety systems such as ACAS II (Airborne Collision Avoidance System), the EGPWS (Enhanced Ground Proximity Warning System) and DFGS (Digital Force Gauges). Also, in AEGEAN we care about the environment and make constant upgrades in order to reduce noise, emissions, and fuel consumption. AEGEAN fleet consists of 37 AIRBUS A320, 11 AIRBUS A321, 1 AIRBUS A319, 2 Dash 8-100, 8 Dash 8-Q400 and 2 ATR 42-600. The company in 2017 posted an 11%-rise in consolidated revenue to 1,127.6 million euros. Performance in international routes boosted consolidated EBITDA to 120 million euros, surging 56% y-o-y. Pre-tax earnings jumped 66% to 85.8 million euros y-o-y, while net earnings after tax sky-rocketed 87% to 60.4 million euros. Total traffic rose to 13.2 million passengers, up 6% compared to 2016. The international network continued to be the main growth driver, with traffic reaching 7.3 million passengers, up 9% against 2016. It is worth highlighting that back in 2013, upon Olympic Air’s acquisition, aggregate Aegean and Olympic Air international traffic stood only at 4.3m passengers. Domestic traffic rose 3% to 5.9 million passengers, despite the increased activity of competitors, as connecting flows through Athens to the islands and lower fare offers stimulated demand. In Q1 2018, AEGEAN reported a 12% growth in passenger traffic, welcoming 2.4 million passengers on board its flights. More specifically, AEGEAN and Olympic Air carried 1.1 million passengers on domestic flights, a 9% growth compared to the same period in 2017, while passengers carried on international flights increased by 16% to 1.3 million. Load factor improved to 81.2% from 76.8% in the respective 2017 period. Traffic from the main base in Athens rose by 13%, compared to the overall growth of 8% reported by the airport. AEGEAN supported and developed the number of destinations served during the low winter season and delivered an 18% growth in international traffic from Athens, but also a 9% growth in domestic traffic.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
AEGEAN AIRLINES SA 2015 2016 Change (%) 921,710,090.00 € 891,534,000.00 € -3.3 81,095,060.00 € 50,018,000.00 € -38.3 111,084,370.00 € 89,333,000.00 € -19.6 190,174,520.00 € 214,497,000.00 € 12.8 430,126,080.00 € 367,109,000.00 € -14.7
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DIAMONDS OF THE GREEK ECONOMY
2018
DESFA S.A. Becoming a catalyst for economic growth in greece and se europe
Energy Commercial Turnover 169,652,000.00 €
The National Natural Gas System Operator (DESFA) S.A. is responsible for the operation, management, exploitation and development of the National Natural Gas System and its interconnections, in a technically sound and economically efficient way, in order to best serve its users with safety, reliability and adequacy. In 2017, DESFA completed its first 10 years of operation having consolidated its position as a modern and outward-looking European Operator. Delivering a strong financial performance with a 149.4% increase in profits (€85.6mn compared to €34.6 in 2016) and a 58% increase in revenues (€268.8mn compared to €169.6mn in 2016), the Operator entered its new decade as one of the most sustainable and dynamic Greek companies. In early 2018, DESFA achieved several of its milestones. In close collaboration with the Athens Stock Exchange, DESFA laid the foundations for the development of a Greek natural gas wholesale market, one that will
PROFIT BEFORE TAXES 49,786,000.00 €
Detail of the Sidirokastro Border Metering Station
Sotirios Nikas, President & CEO, Desfa
Contact details 357 -359 Mesogeion Av., 15231 Chalandri Tel: +30 213 0884000 Fax: +30 210 6749504 Email: desfa@desfa.gr Website: http://desfa.gr
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be more flexible, liquidated and competitive, for the benefit of both participants and end consumers. To this end, in cooperation with the Athens Stock Exchange, significant progress was marked for development of a Balancing Platform, a trading platform for natural gas, which consists of the first step in a series of actions aiming towards the creation of a natural gas wholesale market and its subsequent expansion to SouthEastern Europe. DESFA has also decided to participate as a stakeholder in the new Hellenic Energy Exchange. At the same time, DESFA and the Trans Adriatic Pipeline consortium (TAP AG) completed negotiations for the maintenance of the Greek part of the TAP pipeline, with DESFA taking over all of its maintenance projects on Greek soil. This project is expected to create several jobs for Greek specialists and considerably increase the revenues of DESFA from non-regulated services. Furthermore, in virtue of taking over this responsibility, DESFA’s position as
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The LNG Terminal Station in Revythoussa
one of the foremost experts in its field of operation further solidified and recognized at an international level, paving the way for new international opportunities. The Operator has also marked significant progress on the implementation of its Ten Years NNGS Development Plan, with the construction of critical energy infrastructures for the country, such as the 3rd LNG storage tank at Revithoussa LNG Terminal Station, a project expected to be completed in the third quarter of 2018, as part of the Terminal’s Second Upgrade. Moreover, DESFA has recently issued a tender for the construction of an LNG Truck Loading Station at the Revithoussa terminal. Once the project is completed, it will allow industries and urban areas not served by the gas transmission network to have access to natural gas, while it will also enable the supply of ships using LNG as fuel. Finally, DESFA also promotes the construction of small-scale LNG infrastructure for the supply of gas to consumers, who are far from the grid. A strong vision and a solid strategic plan, combined with a series of strategic partnerships and investments supported by a healthy financial foundation, make DESFA a unique player operating in the Greek market and a catalyst for economic growth in Greece and Southeastern Europe.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
DESFA S.A. 2015 149,158,000.00 € 25,145,000.00 € 28,175,000.00 € 826,194,000.00 € 625,089,000.00 €
2016 Change (%) 169,652,000.00 € 13.7 49,786,000.00 € 98.0 46,306,000.00 € 64.4 853,431,000.00 € 3.3 652,084,000.00 € 4.3
The Metering / Regulatory Station at PPC Megalopolis
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DIAMONDS OF THE GREEK ECONOMY
2018
Supermarkets Commercial Turnover 1,398,357,000.00 €
PROFIT BEFORE TAXES 44,167,000.00 €
The SKLAVENITIS Company: 445 Stores, more than 23,000 Employees SKLAVENITIS is a Greek Company with more than 60 years of presence in the retail market.
●1
Today, the SKLAVENITIS Company operates:
Approximately 23,000 Employees serve more than 450,000 Customers on a daily basis. The Company offers a variety of 80,000 products, sourced by 3,000 Suppliers, from Greece and abroad.
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Stores in Greece (392 Supermarkets and 35 Hypermarkets) and 18 Stores in Cyprus (12 Supermarkets and 6 Hypermarkets).
● 6
Contact details 136, Kifissou Av., 121 31 Peristeri, Athens, Greece Tel.: +30 214 1009999 Fax: +30 214 1009998
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Distribution Centers (for Dry Grocery, Fruit and Vegetables, Furniture, Household Equipment, Clothing and Footwear).
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Production Center for Ready Meals.
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Production Center for Ice Cream.
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Processing and Packaging Center for Nuts, Dry Fruit and Spices.
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Processing Center for Meat.
Additionally, the Group operates: ● 39 Chalkiadakis ● 18 Kronos ●1 3
Stores in Crete.
Stores in Achaia.
The Mart wholesale Stores, in 9 large Greek cities.
›››››› Since 1954, the SKLAVENITIS Company consistently applies the same three-fold commercial strategy: excellent-quality products, “cheaper than anywhere else” prices and friendly Customer Service. SKLAVENITIS keeps on growing based on their respect for the Customer. Their Vision is to be a business role-model in the Supermarket sector, to be the best Supermarket chain, to be the best in all their activities.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
I. & S. SKLAVENITIS S.A. 2015 2016 Change (%) 1,304,718,000.00 € 1,398,357,000.00 € 7.2 31,816,000.00 € 44,167,000.00 € 38.8 328,529,000.00 € 352,612,000.00 € 7.3 157,821,000.00 € 172,885,000.00 € 9.5 672,770,000.00 € 715,715,000.00 € 6.4
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DIAMONDS OF THE GREEK ECONOMY
2018
Travel retail Commercial Turnover 273,862,000.00 €
PROFIT BEFORE TAXES 43,921,000.00 €
HELLENIC DUTY FREE SHOPS SA
Offering an extensive range of upscale products
Hellenic Duty Free Shops SA, founded in January 1979, operates in the travel retail industry, providing travelers passing through Greece’s exit points with the opportunity to purchase products from a wide selection of original, brand name products. Its shops offer a vast range of genuine, brand name items, including perfumes and cosmetics, wines and spirits, tobacco products, confectionery, traditional Greek products, luxury items, clothing, and souvenirs. Brand name goods include: Bvlgari, Folli-Follie, Links of London, Juicy Couture, Ermenegildo Zegna, UGG, Victoria’s Secret Beauty & Accessories, Armani Jeans, Boggi, Trussardi, Gant, Marasil, Korres, Mastiha Shop, Swatch and many more. The products are 100% authentic. All items are purchased by the company directly from suppliers abroad, without middlemen or agents. This ensures quality, authenticity and low prices of the products sold. Starting out in 1979 with two sales outlets, it now operates an extensive network of 115 shops at 46 points throughout Greece including Airports (22), Border stations (11) and ports (13). Hellenic Duty Free Shops owns the subsidiary Hellenic Distributions SA, which was founded in September 2000. Today, the company operates an extensive network of stores in airports and ports across Greece. It has been active in on-board ship handling and the duty free wholesaling sector since 2005. More specifically, the company supplies and distributes products by world-famous brands to cruise ships, ferryboats, cargo vessels, ship chandlers, the military forces, and embassies, among others. It ranks as its sector’s leading company in Greece, focusing its activities on the merchandising of tobacco, cigars, wines, liquors, perfumes and cosmetics, confectionery, sunglasses, watches toiletries, accessories, and so on. Furthermore, it is the exclusive distributor of Philip Morris, Papastratos, Pernod Ricard, Hershey’s, World Brands Duty Free, William Grant’s, Ian Macleod, Quality Spirits International, Monus Doo, Nemiroff, Efe Alkollu, Imperial Tobacco, Phoenicia Fereos and Folli Follie wine in Greece. The company’s headquarters are located in Piraeus, Greece’s largest port, where it operates its administrative offices and maintains top-quality storage areas. In 2013, the Dufry Group, a leading travel retail operator headquartered in Switzerland, completed its acquisition of Hellenic Duty Free Shops following a transfer of the company’s 49% equity stake. In the lead-up, the Folli Follie Group had transferred 51% of Hellenic Duty Free Shops stake equity to Dufry. Dufry has more than 60 years experience in retail travel. It’s active in five divisions with 2249 shops and covers 425,000sqm of commercial space. It serves close to 2.5 billion customers and has a 1000 suppliers and employs a staff of 28,000. Dufry, with sales of approx. 7.0 billion euros in 2017, is the world’s leading travel retailer with a share of more than 20% in the airport travel retail market. In the framework of the allocation of the management of the 14 regional airports by the Greek State to FRAPORT Greece, in 2017 the Company signed with FRAPORT Greece a 40-year concession contract for the operation and development of stores at these airports. Based on this agreement, the Company paid to FRAPORT Greece an advance of 50 million euros against future lease payments.
Contact details 23rd km Athens-Lamia national highway, 145 65, Agios Stefanos, Attica, Greece Tel: +30 210 6269400 Fax: +30 210 6269600 E-mail: info@dutyfreeshops.gr Website: http://www.dutyfreeshops.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
HELLENIC DUTY FREE SHOPS SA 2015 2016 Change (%) 282,642,000.00 € 273,862,000.00 € -3.1 51,120,000.00 € 43,921,000.00 € -14.1 157,623,000.00 € 152,434,000.00 € -3.3 341,974,000.00 € 372,632,000.00 € 9.0 316,733,000.00 € 266,320,000.00 € -15.9
DIAMONDS OF THE GREEK ECONOMY
2018
WATER SUPPLY Industrial Turnover 328,851,000.00 €
PROFIT BEFORE TAXES 41,324,000.00 €
Athens Water Supply and Sewerage Company (EYDAP SA)
Posting a 61% surge in pre-tax profit in 2017
Ioannis Benisis, Chief Executive Officer
EYDAP was founded in 1980 after a merger of the water supplier in Athens and Piraeus “Hellenic Water Company” (EEY S.A.) and the “Greater Athens Sewerage Organization” (OAP S.A.). EYDAP is the largest company of its kind in Greece and serves approximately 4.3 million customers (2.03 million water meters), while the length of its water pipelines is 9,500 km. The sewerage sector serves 3.5 million residents with sewers spreading at almost 6,000 km. In 1999, EYDAP took its present legal form, as all of its major assets - dams, reservoirs, water towers, pumping stations and all other facilities that allow water to be transferred safely to treatment plants - were transferred to the company “EYDAP Assets”, thus remaining the property of the Greek State. In January 2000, EYDAP SA was listed on the main market of the Athens Stock Exchange. The company’s operations entail providing water supply and sewerage services; designing, constructing, installing, operating, managing, maintaining, expanding and upgrading water supply and sewerage systems; pumping, desalinating, processing, transferring, storing, and distributing all kinds of water as a means of serving EYDAP’s object; and managing and disposing wastewater treatment products. EYDAP’s area of service is the greater metropolitan area of Athens. However, the firm has the right to provide a full range of services in areas beyond its responsibility via subsidiaries and through programming contracts with local authorities. EYDAP has launched an ambitious program of renewable energy utilization. The objective is to contribute to the optimization of the energy balance of the country and society and explore the possibility of expanding to new profitable business. EYDAP’s energy sector involvement concerns projects dealing with hydropower; cogeneration of heat and power, using biogas and natural gas; solar energy projects; as well as energy reduction initiatives. According to the company’s 2017 financial report, total water consumption dropped by 18.6 million cubic meters (-4.3%) y-o-y, compared to an increase of 3.5 million cubic meters (0.8%) in 2016 y-o-y. Total water consumption in 2017 stood at 412.5 million cubic meters. The company’s sales in 2017 inched down 0.5% to 327.3 million euros against 328.8 million euros in 2016. EBITDA recorded a decline of 2.6 million euros, to 84.7 million euros from EUR 87.3 million euros the previous year. EBITDA’s impact on EBIT (-4.1%), amounting to 47.9 million euros in 2017 from 49.9 million euros a year earlier. However, despite the decline in EBITDA and EBIT, the firm’s pre-tax profits jumped 61% to 66.5 million euros from 41.3 million euros in 2016.
Contact details 156 Oropou St., 111 46 Galatsi, Attica, Greece Tel.: +30 210 2144444 Fax: +30 210 2144159 Website: www.eydap.gr
Athens Water Supply and Sewerage Company (EYDAP SA) 2015 2016 Change (%) Turnover 324,248,000.00 € 328,851,000.00 € 1.4 Profit Before Taxes 56,343,000.00 € 41,324,000.00 € -26.7 Gross Profit 138,390,000.00 € 146,214,000.00 € 5.7 Total Equity 967,040,000.00 € 904,879,000.00 € -6.4 Liabilities 149,664,000.00 € 697,074,000.00 € 365.8
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DIAMONDS OF THE GREEK ECONOMY
2018
MISCELLANEOUS Industrial Turnover 202,645,697.00 €
PROFIT BEFORE TAXES 40,717,372.00 €
BIC VIOLEX SA
“Made in Greece” razor blades exported around the world
Dimitris Pisimisis, Chief Executive Officer
Contact details 58 Ag. Athanassiou St., Anixi 145 69, Attica, Greece Τel: +30 210 6299000 Fax: +30 210 6216808 E-mail: Website: http://gr.bicworld.com/
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BIC, one of the most recognized brand names in the world, specializes in the manufacturing, distribution and selling of consumable products in 160 countries all over the world. VIOLEX launched its operations in 1952 as a small family-run business owned by the Politis family, manufacturing shaving razor blades. In the 1970s, 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 BIC Violex. In 1999, the firm was acquired by BIC group but BIC VIOLEX remained a purely Greek firm. The company is now globally managed by Greek executives, while its products are 100 percent made in Greece. BIC Violex SA is headed by CEO Dimitrios Pisimisis. Today, BIC Violex serves as the international centre for the BIC group’s razor blades division, employing a staff of 1,200. 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. The France-based parent company, Société BIC SA, 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 as many as 3.2 million retail outlets, while 9,200 persons are employed by the company worldwide. The company is the world’s No. 1 in branded pocket lighters. In disposable razors, it holds second position in the US, Europe and Latin America. Bic is also the stationery market leader in Latin America, Europe, Africa, and India. The group in 2017 reported steady sales of 2.020 billion euros compared to 2.025 billion euros a year earlier. The North American market ranked first in sales, with 783.5 million euros, even though recording a drop of 3.5% compared to 2016. Developing markets, in second place, posted total sales of 677.4 million euros, up 1.3%. The European market also reported a rise in sales by 2.7% to 559.3 million euros. The product category with the largest contribution to turnover was that of stationery (worth 791.8 million euros), followed by lighters (703.9 million euros), shavers (454.4 million euros) and other products (70.2 million euros). The Greek company in 2016 reported total sales of 202 million euros, with earnings before tax amounting to 40.7 million euros. In the same year, BIC VIOLEX invested 43 million euros mainly in mechanical equipment to increase production capacity, production of new products, improve the production process and acquire new technology. The company’s sales in the Greek market rose 12.2%, although exports dropped 4.5%. The company supplies the Greek consumer market with the main categories of goods of the BIC group which include stationary, lighters and shavers, as well as other goods such as shaving foams, tights and stockings.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
BIC VIOLEX SA 2015 208,806,407.00 € 48,783,829.00 € 87,739,744.00 € 150,156,497.00 € 71,303,444.00 €
2016 Change (%) 202,645,697.00 € -3.0 40,717,372.00 € -16.5 78,176,424.00 € -10.9 160,796,669.00 € 7.1 80,774,869.00 € 13.3
DIAMONDS OF THE GREEK ECONOMY
2018
Transportation Services Commercial Turnover 160,022,599.00 €
PROFIT BEFORE TAXES 40,290,312.00 €
PIRAEUS CONTAINER TERMINAL S.A.
Higher container traffic in 2017
Piraeus Container Terminal S.A. is a company registered in Greece and a wholly-owned subsidiary of COSCO Pacific Limited, a leading container terminal operator, ranked fifth worldwide. PCT is principally engaged in the development, operation and commercial utilization of the existing Pier II and Pier III. PCT develops, maintains and manages container terminal facilities and operations for all types of containers. With the aid of modern equipment, advanced technologies and an experienced workforce, it operates container terminals with the objective of being a gateway and shipping hub in Greece, the Mediterranean and Europe by providing modernized and customer-oriented terminal services. PCT currently has four berths at Pier II, which will be expanded to six berths when Pier III is ready. Pier II’s west-side quay length is 700 meters, with a depth of 16 meters, while Pier II’s east-side quay length is 787 meters, with a depth of 14 meters. Pier III’s east-side quay length will be 600 meters with a depth of 16 meters. Thirteen new super post panamax quay cranes will be added to Pier II and Pier III to expand the number of quay cranes from the existing eight units to 21 units. PCT occupies a total surface area of about 763,998 square meters, with an enormous supporting container stacking area – paved with concrete blocks and designed for an annual capacity of about 3.7 million TEUs, when Pier III is ready. The stacking blocks will be served by 24 units of state-of-the-art automated rail-mounted gantry cranes (RMGs). Also, there will be 1,000 plug points for refrigerated containers. According to the company’s published 2017 balance sheet, sales inched up to 162 million euros compared to 160 million euros a year earlier. The bulk of sales came from landing (138.4 million euros) and warehousing (5 million euros). Pre-tax profits dropped to 25.2 million euros against 40.2 million euros a year ago. Traffic flows increased by 6.4% in 2017 compared to 2016 from Piraeus Port Pier II and Pier III, managed by Piraeus Container Station pct, a Cosco subsidiary. According to the Cosco shipping port, container traffic amounted to 3,691 million teu in 2017 compared to 3,471 million teu in 2016. The Chinese shipping group also saw a significant increase worldwide as in 2017 it traded a total of 87,312 million teu from 77,572 million teu in 2016, recording an increase of 12.6%.
Contact details Sembo Neo Ikonio, 188 63 Perama, Attica, Greece Te.l: +30 2104099100 Fax: +30 2104099101 Website: www.pct.com.gr E-mail: info@pct.com.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PIRAEUS CONTAINER TERMINAL S.A. 2015 2016 Change (%) 140,573,180.00 € 160,022,599.00 € 13.8 36,877,353.00 € 40,290,312.00 € 9.3 44,714,392.00 € 53,079,030.00 € 18.7 151,445,258.00 € 179,964,404.00 € 18.8 267,700,640.00 € 329,382,032.00 € 23.0
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DIAMONDS OF THE GREEK ECONOMY
2018
Supermarkets Commercial Turnover 800,583,000.00 €
PROFIT BEFORE TAXES 36,858,000.00 €
DIAMANTIS MASOUTIS SA
No.1 super market chain in consumer preference in Thessaloniki
Ioannis Masoutis, Chief Executive Officer
The company was founded by Diamandis Masoutis 42 years ago, in 1976, with an outlet in the heart of Thessaloniki. Today, Diamantis Masoutis SA, a Greek company active in the retail food sector, operates a total of 272 stores (250 supermarkets and 22 Wholesale Cash & Carry outlets). The firm also owns two green stores, three fuel stations and 145 express markets. Diamandis Masoutis covers a number of regions in Greece, including Makedonia, Thrace, Thessaly, Epirus, Thesprotia, as well as the islands of Limnos and Lesvos. In addition, the supermarket chain recently inaugurated a new store in Kastoria, featuring 500sqm of selling space on two levels, five cash registers and a staff of 34. The company’s total staff numbers more 6,700 employees. Nowadays, the chain of outlets covers 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. Indeed, in a survey conducted by IRI, the Masoutis chain came first in spontaneous consumer reports in Thessaloniki, with a share of 40%. Diamandis Masoutis distribution center covers a surface area of 60,000sqm. It employs a staff of 430, while it has a private fleet of 120 trucks and total investments valued at 50 million euros. The retail chain has more than 1.0 million holders of its loyalty MasClub card. Also, the super market chain has a range of certificates, including: ISO 22000:2005, ISO 14001:2004, BS OHSAS 18000:2007, EPIELL 901:2012, 2017-2018, as well as product-specific certificates by DIO (Organic Products Control and Certification Organization) Proof of the company’s successful course stand the awards it received in 2018. In particular, it received the following distinctions: Silver “Best in Loyalty & Engagement” in the Food Retail category for the Mas Card, and silver award “Best Use of Digital Technology” in the Best Use of Mobile category for the Masoutis App which offers multiple choices to consumers. The firm was also ranked 3rd amongst the top 10 companies in the best work environment in Greece in the Best Workplaces 2018 awards. Finally, it was awarded with the award “Alexander the Great” Professional of the Year 2018 (Logistics Manager of the Year 2018). In 2017, Masoutis’ sales dropped 4.9% to 761 million euros, from 800.5 million euros a year earlier; pre-tax profits, albeit reduced, remained at a high level between 23-24 million euros compared to 36.8 million euros in the previous year. In the investment segment, after the completion of an investment program of about 25 million euros in 2017, Masoutis plans to invest at least another 20 million euros this year to create 10 new stores and to continue its renovation project in the spirit and style of the Grand Masoutis of Thermi. Given the opening of another supermarket on Thassos island in 2018, discussions are being held for new retail outlets in Thessaloniki and other parts of Northern Greece
Contact details 14th Km Thessaloniki-Vasilikon Rd, 57001, Thermi, Thessaloniki, Greece Tel: +30 2310 803 803 Fax: +30 2310 803 804 E-mail: Website: http://www.masoutis.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
DIAMANTIS MASOUTIS SA 2015 2016 Change (%) 751,660,000.00 € 800,583,000.00 € 6.5 27,333,000.00 € 36,858,000.00 € 34.8 169,004,000.00 € 613,217,000.00 € 262.8 104,437,000.00 € 103,448,000.00 € -0.9 400,651,000.00 € 434,941,000.00 € 8.6
DIAMONDS OF THE GREEK ECONOMY
2018
Non-Metallic Mineral Industrial Turnover 62,220,278.00 €
PROFIT BEFORE TAXES 31,097,231.00 €
PAVLIDIS MARBLE GRANITE SA
Making over buildings around the world
Contact details Drama Industrial Area, 661 00, Drama, Greece Tel.: +30 25213 06100 Fax: +30 25213 06110 E-mail: info@pavlidismg.gr Website: www.pavlidismg.gr
In 1980, Efkleidis Pavlidis established PAVLIDIS MARBLE-GRANITE, a company that, thanks to the consistently pioneering spirit and strong vision of its founder, has become one of the main producers of white marble in the world market. By using a vertically integrated structure, the company controls the production of the final product from extraction to processing, and the sale of rough, semi-finished and finished marble and granite products, specializing in white and semi-white marble and with a dynamic presence in beige marble. The company operates five (5) quarries: Ariston quarry, Kavala, Volakas, Florida and Perla quarries. Ariston is located in Granitis, Drama and 30,000 m³ of marble blocks are excavated. The names ARISTON, ARISTON V and ARISTON GL are the trade names of the colour selections of the white marble that is extracted. Kavala’s quarry capacity is 40,000 m³ of marble blocks per year and produces the traditional crystalline marbles. Volakas quarry produces white marbles with the characteristic of grey/brown veins. Florida quarry markets the unique marble with characteristic grey/blue veins on a white background which is marketed under the name FLORIDA. Finally, in Perla quarry the company excavates the cream/beige limestone under the name Perla. Pavlidis Marble and Granite has a marble cutting and processing factory and a granite cutting and processing unit in the Industrial Park of Drama. With full and complete mechanical equipment which is upgraded and expanded in accordance with the cutting-edge technological developments, the company’s trained and experienced personnel is always able to meet the growing demand for its products. Since its foundation to date, the company has been intensely orientated towards exports, with sales now accounting for more than 90% of its annual turnover. Starting out from the demanding construction requirements of Western European countries, the company has progressively expanded its activities to the two hemispheres with exports to the Far East, South-East Asia, Arab states, as well as South America and US. With a multitude of projects worldwide, Pavlidis Marble-Granite constitutes one of the most professional choices as regards the undertaking and execution of large-scale projects of high quality standards and with absolute respect for the environment. In 2016, the marble company saw both turnover and pre-tax profit rise considerably. Total sales rose to 62.2 million euros compared to 50.5 million euros a year earlier. Notably, the vast majority of sales, or 51.7 million euro, came from third countries, followed by sales in Greece (6.1 million euros) and the EU (4.3 million euros). These facts classify Pavlidis Marble Granites as a chiefly outward-looking business. Pre-tax profits in 2016 jumped to 31.1 million euros against 19 million euros in 2015. In 2017, the firm posted a surge in sales to 81.4 million euros (from 62.2 million euros), while EBITDA amounted to 45.05 million euros. Exports made up 92% of total sales, at 75.1 million euros. The firm regards 2017 as a landmark year, as it invested 73 million euros in the acquisition of 88.4% in Mermeren Kombinat, one of FYROM’s largest companies: a vertical marble extraction and processing unit that produces the famous white marble SIVEC, which has been used in the construction of many major projects around the world. This strategic agreement upgrades the company to an undisputed leader in white marbles, greatly strengthening its position on the global market. With the addition of Mermeren, the annual production capacity of the group increased from 240,000 to 330,000 tons. Carrying on its dynamic course, the group plans a 70-millioneuro investment by 2020. Of these, 20 million are to be invested in machinery, high technology, quarries and factories with the aim of further improving output, while 50 million euros will be invested in the installation of 50MW wind farms in Northern Greece. Notably, the firm has already installed photovoltaic parks with a capacity of 5MW and wind parks of 16MW.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PAVLIDIS MARBLE GRANITE SA 2015 2016 Change (%) 50,511,355.00 € 62,220,278.00 € 23.2 19,091,935.00 € 31,097,231.00 € 62.9 28,648,368.00 € 40,638,315.00 € 41.9 77,856,668.00 € 87,012,913.00 € 11.8 10,589,470.00 € 24,243,862.00 € 128.9
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DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Industrial Turnover 114,600,000.00 €
PROFIT BEFORE TAXES 31,100,000.00 €
CHIPITA A.E.
Greece’s food sector giant
Spyros Theodoropoulos, Chief Executive Officer
Contact details 12th km Athens-Lamia National Road, 144 52, Metamorfosi, Attiki, Greece Tel.: +30 210 2885000 Fax: +30 210 2885036 Website: http://www.chipita.com
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Chipita was established in Greece in 1973 as a company producing and marketing savoury snacks. The main products back then were our Extra cheese-flavoured corn snacks, subsequently followed as of 1988 by potato chips. In 1991, the market saw the arrival of our 7DAYS croissant - individually packaged baked snack with long shelf life - followed shortly thereafter by the 7DAYS mini croissant. A few years later- in 1995- the innovative savoury Bake Rolls hit the markets, rapidly establishing themselves as consumers favorite. At about the same time, Chipita started establishing itself as the international company it remains today, either by setting up its own subsidiaries or by entering into strategic partnerships, either with major international or with strong local companies. Thus, Chipita has been operating outside Greece since 1995 by setting up manufacturing plants in Bulgaria, and Egypt, followed by Poland, Romania, Russia, Saudi Arabia, Turkey and Malaysia. At the same time, Chipita also set up commercial offices in 6 countries- Czech Republic, Germany, Hungary, Serbia, Slovakia and Ukraine. Chipita is currently present internationally in 4 major product categories- croissants and similar dough products, savoury snacks (Bake Rolls), cakes and confectionery. The firm’s international brands are: 7days, Fineti and Chipicao. Local brands are: Molto, Spinspan, Chipita Chips, Tsipers and extra. The Company’s goods, produced in 16 manufacturing plants in 10 different countries, are delivered to consumers in a total of 56 countries, either directly or through strategic partnerships. Specifically, in Greece the company operates 4 manufacturing plants (in Lamia & Larissa). It operates one 1 plant in Bulgaria (Sofia), 1 in Constantinople (or, Istanbul, Turkey), 2 in Bucharest (Romania), 1 in Tomaszów Mazowiecki (Poland), one in Saint Petersburg (Russia) and one in Mumbai (India). Chipita also operates seven more manufacturing plants through joint ventures: four in Cairo, Egypt; two in Jeddah & Riyadh, Saudi Arabia; one in Batu Pahat, Malaysia, and one in Monterey, Mexico. A new strategic deal with India is expected to conclude by the end of 2018. The company uses the best raw materials available and applies rigorous quality controls throughout the production process in order to provide safe, top quality products. Chipita has implemented the following standards and systems: ISO 22000:2005 Food Safety Management System, ΑΙΒ Standards (American Institute of Baking) and IFS Food System (International Featured Standard). As at yearend 2016, the Group employed a staff of more than 11,000, including the associated company and joint ventures.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
CHIPITA S.A. 2015 103,500,000.00 € 13,200,000.00 € 31,400,000.00 € 339,942,000.00 € 317,529,000.00 €
2016 Change (%) 114,600,000.00 € 10.7 31,100,000.00 € 135.6 34,800,000.00 € 10.8 361,825,000.00 € 6.4 294,343,000.00 € -7.3
DIAMONDS OF THE GREEK ECONOMY
2018
Supermarkets Commercial Turnover 519,061,137.00 €
PROFIT BEFORE TAXES 30,298,760.00 €
PENTE SA
Sales top half a billion in 2016
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 of 300,000 drachmas (approx. 1000 euros) 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. Today, the supermarket chain numbers 151 retail outlets, 54 in the wider Athens area, and the remaining scattered from Corinth, west of Athens, to Kilkis, northern Greece; 74 stores operate on privately-owned properties and 76 on leased buildings. Besides operating as retail outlets, 13 of these outlets also operate as Cash & Carry spots at a wholesale level. At a consumer level, the company’s objective is to offer the lowest possible prices, as part of its competitive pricing strategy. At present, Pente SA and Argo SA employ a staff of more than 3,800. The company has established an incentive program through which top-performing employees are awarded prizes and trips abroad on an annual basis.
Contact details 129 Lenorman St., 104 42 Athens, Greece Tel.: +30 210 5144 214 Fax: +30 210 5146 123 Website: www.5ae.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PENTE SA 2015 472,995,331.00 € 18,824,875.00 € 87,921,316.00 € 139,569,616.00 € 121,438,041.00 €
2016 Change (%) 519,061,137.00 € 9.7 30,298,760.00 € 61.0 100,546,307.00 € 14.4 156,053,820.00 € 11.8 147,224,299.00 € 21.2
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DIAMONDS OF THE GREEK ECONOMY
2018
Natural Gas Commercial Turnover 114,923,300.00 €
PROFIT BEFORE TAXES 27,778,174.00 €
THESSALONIKI GAS DISTRIBUTION COMPANY SA
Breaking all records in new connections in 2018
Contact details 256 Monastiriou St. & 7 Glinou St., 546 28 Menemeni, Thessaloniki, Greece Tel.: +30 2310 584000 Fax: +30 2310 546365 Website: https://www.edathess.gr
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EDA THESSALONIKI-THESSALIA S.A. launched its operations on 01/01/2017 with a focus on: (a) planning, (b) engineering, (c) design and (d) construction of natural gas networks in the Municipalities and Communities of the geographical areas of Thessaloniki Prefecture & Thessaly Region. The network of EDA THESSALONIKI-THESSALIA S.A. covers 12 Municipalities in Thessaloniki Prefecture & 7 Municipalities in Thessaly Region, which already have an activated natural gas network. Through a constantly-growing modern network of pipelines, and taking into consideration the citizens’ needs and the environment, EDA THESSALONIKI-THESSALIA S.A. carries out the natural gas distribution activities with safety. The PUBLIC GAS CORPORATION S.A. (DEPA) participates by 51% and the foreign strategic investor company (ΕΝΙ) participates by 49%, and is also in charge of the management, in EDA THESSALONIKI-THESSALIA. EDA THESSALONIKI-THESSALIA, with a view to safeguarding the Health and Safety of employees and third parties, has put in place a Health & Safety at Work (HSW) Management System, according to the requirements of the OHSAS standard. At yearend 2016, the company’s active customers numbered 189,000, up 4.6% compared to the previous year. The distribution firm enjoyed a high number of new gas subscriptions (connections) in the first quarter of 2018. During this time, new connections of households and businesses totaled over 3,500, recording an increase of 72% compared to the previous year (2017: 18,975 new gas connection contracts). For the period 2018-2022, EDA THESSALONIKI-THESSALIA has planned total investments of 101 million euros in the development of infrastructure and penetration into existing and new areas with a planned new 369km extension of the network in the regions of Thessaloniki and Thessaly, connecting more than 60,000 new consumers. With regard to social responsibility, EDA THESSALONIKI - THESSALIA has developed intensive social action in response to the needs and problems of modern society. This action is manifested in making contributions to local bodies, e.g. Regions, Municipalities, Social Grocery Stores; strengthening the important role of Public Utility Organizations; and finally, the active participation of its employees in volunteer actions and events.
THESSALONIKI GAS DISTRIBUTION COMPANY SA 2015 2016 Change (%) Turnover 136,257,821.00 € 114,923,300.00 € -15.7 Profit Before Taxes 30,867,505.00 € 27,778,174.00 € -10.0 Gross Profit 37,262,272.00 € 33,883,744.00 € -9.1 Total Equity 223,114,907.00 € 306,237,877.00 € 37.3 Liabilities 42,367,999.00 € 30,665,695.00 € -27.6
DIAMONDS OF THE GREEK ECONOMY
2018
Non metallic minerals Industrial Turnover 65,573,616.00 €
PROFIT BEFORE TAXES 27,707,236.00 €
F.H.L. I. KIRIAKIDIS Marbles & Granites SA
Focusing primarily on exports
FHL I. KIRIAKIDIS Marbles & Granites SA is active since 1991 in quarrying, elaborating and trading of marbles and granites. The company’s worldwide reputation in the natural stone sector has been gained mainly through its dominance in the white marble field. Owning several quarries in Greece, where the all-white marbles THASSOS SNOW WHITE, PRINOS, VOLAKAS, BIANCO VENUS, BIANCO M & BIANCO VENATINO are excavated, as well as being the biggest distributor of SIVEC® all-white marble, allows the firm to deliver huge quantities of white marble to cover the needs of all types of high-scale projects. On-going investment in challenging innovations, such as excavation methods (like tunnel excavation), unique machinery equipment for cutting, carving and shaping of marble blocks and green technology, together with its specialized workforce, gives the company the capability to take over huge and challenging projects all over the world and to bring them to success! KIRIAKIDIS GROUP consists of numerous quarries, the headquarters within the marble processing plant, a dry mortar and adhesive production plant named MARMODOM, as well as a logistic company named AETOS, which are all located near Drama, Northern Greece, and ensure that the workflow can’t be interrupted by external factors. Another subsidiary belonging to the group is the marble trading company MARMI BIANCHI, which is located in Marina di Carrara, Italy. In 2016, the Group posted a jump in sales to 66.54 million euros compared to 45.19 million euros a year earlier. Earnings before tax skyrocketed to 27.07 million against 11.14 million euros in 2015. With regard to the company, total sales in 2016 rose to 65.57 million euros and pre-tax income to 27.70 million euros. At yearend, the company and the Group employed 278 people and 336 people, respectively. Through its continued intense export efforts in 2016, the company managed to retain its major customer markets of South Korea, China, Mid East, former Soviet Union countries, Singapore and Indonesia; these markets have not been affected by the economic crisis and continue to show dynamic growth rates. Also in 2016, a successful effort was struck for the development of the US market, and some steps were taken in the Oceania market.
Contact details Prosotsani Industrial Park, 66200, Drama, Greece Tel.: +30 25220 235145 Fax: +30 25220 23490 E-mail: frontdesk@fhl.gr Website: http://www.fhl.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
FHL I. KIRIAKIDIS S.A. 2015 42,135,807.00 € 10,147,264.00 € 23,824,206.00 € 44,796,893.00 € 24,858,614.00 €
2016 Change (%) 65,573,616.00 € 55.6 27,707,236.00 € 173.1 41,004,985.00 € 72.1 65,103,072.00 € 45.3 42,334,119.00 € 70.3
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DIAMONDS OF THE GREEK ECONOMY
2018
Miscellaneous Commercial Turnover 126,543,592.00 €
PROFIT BEFORE TAXES 27,261,241.00 €
SERVICE 800 TELEPERFORMANCE SA
Global leading force in contact center outsourcing
Established in 1989, Teleperformance Hellas is the very first company to introduce contact centre outsourcing provision in Greece and -by far- the largest in the local market. It joined the Teleperformance Group in 1997 and, in 2002, became the Regional Headquarters for Teleperformance Operations in southern Europe and the Middle East. In 2004, it started becoming a major Multilingual destination for Europe, the Middle East and Africa, serving currently over 140 markets in 36 languages & dialects and employing more than 6,300 people from 91 nationalities. The firm moved to a new center in 2016. In 2017 it named as the Best Multilingual Contact Center at the European Contact Centre & Customer Service Awards (ECCCSAs) and once more as a Best Workplace by the prestigious Great Place to Work® Institute. A Quality Management Certified Company and in full alignment with the Group’s Performance Management Process and Standards; Teleperformance Greece operates today out of 3 Multilingual Hubs in Athens, 1 Site in Chania and 1 more in Tirana-Albania with a combined capacity of more than 6,100 agent workstations; supporting major Multinational Clients in the Automotive, Consumer Electronics, Energy, Fast Moving Consumer Goods, Gaming, Financial, Healthcare, Insurance, Retail & e-Retail, Technology, Telecommunications and Travel arena. Having the proven ability to recruit and retain highly skilled top performers, with state-ofthe-art technology Sites (all with active BCP, DRP and Security processes based on PCI DSS & ISO 27001 standards) and -most of all- with a Performance Driven Orientation that results to the consistent achievement of KPIs, CSAT, ESAT, NPS & QA scoring; Teleperformance in Greece is one of the most attractive partners to support Customer Care, Technical Support, Customer Acquisition, Account Receivables Management and BPO Services in the European Continent. The Greek subsidiary in the first 10 months of 2017 reported sales of 133 million euros and pre-tax earnings of 25 million euros. Globally, sales surged 9% to 4.18 billion euros, compared to 3.65 billion euros in the same period a year earlier. EBITDA rose to 720 million euros in 2017 compared to 559 million euros in 2016. The company’s core services are divided into: EWAP: English-speaking market and AsiaPacific (US, Canada, UK, Philippines, China, India, etc.); Ibero-LATAM: Latin American countries (Brazil, Mexico, Colombia, etc.), Portugal and Spain; and, CEMEA: Continental Europe, Middle East & Africa. The majority of revenues in 2017 came from EWAP (39%), followed by Ibero-LATAM (26%), CEMEA (20%) and Specialized Services (15%).
Contact details 330 Eleftheriou Venizelou St., 176 75 Kallithea, Attica, Greece Tel: +30 2109490500 Fax: +30 2109403383 E-mail: Website: http://gr.www.teleperformance.com
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SERVICE 800 - TELEPERFORMANCE SA 2015 2016 Change (%) 104,902,572.00 € 126,543,592.00 € 20.6 19,280,997.00 € 27,261,241.00 € 41.4 - - 29,788,928.00 € 38,853,828.00 € 30.4 20,159,423.00 € 26,527,363.00 € 31.6
DIAMONDS OF THE GREEK ECONOMY
2018
Real estate Commercial Turnover 50,045,000.00 €
PROFIT BEFORE TAXES 26,829,000.00 €
GRIVALIA PROPERTIES REIC
Keeping up its growth policy in 2018
George Chryssikos, Chief Executive Officer
Grivalia Properties REIC is a leading Greek Real Estate Investment Company and among the 20 strongest companies on the Athens Stock Exchange (ASE). The Company was established in 1952 under the name “Commerce, Industry, Buildings S.A.” (EBO S.A.). In 1985 the Company was acquired by the Bank of Crete and established a portfolio of 14 properties. In October 2014, the Company was rebranded to Grivalia Properties by Eurobank Properties, signaling a new era with regard to its company identity. The new brand name reflected the three key company components, with precision: Its Greek roots – GRivalia, its investment character – GrIvalia, its unique values – GriVALia. The Company focuses its activities in the real estate sector, especially in the office, retail, logistics and industrial segments of the business, in highly commercial areas, provided that both the capital and the property market conditions permit it. Notably, the company’s main shareholder is Fairfax Financial Holdings (51.43%), a global giant engaged in property and casualty insurance and reinsurance and investment management based in Toronto, Canada, with consolidated revenue of $16.2b for the fiscal year 2017. In Q1 2018, the company’s portfolio consisted of 113 properties, 1 plot of land and 1 office building under development. The property management company has 28 office properties (252,000sqm), 54 retail properties (322,000sqm), 5 logistics properties (86,000sqm), 21 properties of mixed use (118,000sqm) and 5 properties of special use (84,000sqm). The total gross leasable area (GLA) is: 37% retail, 29% office, 14% mixed use, 10% logistics and 10% special use. In Greece, the real estate company manages a total of 108 assets of a total surface area of 817,540sqm. Its clientele includes large companies active in the Greece’s domestic market such as: Eurobank, Sklavenitis, AV Vasilopoulos, Praktiker, Media Markt etc. It also has 3 assets in Bucharest & IASI (40,347sqm) and 2 assets in Belgrade & NIS (6,377sqm). In 2017, the company reported a rise in sales to 53.54 million euros compared to 50.04 million euros the previous year. Pre-tax profits jumped to 59.08 million euros from 26.83 million euros in 2016. At Group level, turnover amounted to 64.98 million euros compared to 61.30 million euros a year earlier, while pre-tax profits surged to 71.07 million euros in 2017 compared to 31.41 million euros in 2016. In 2017 Grivalia Properties concluded the acquisition of 15 commercial properties and a plot of land, seven of which are located in the Attica area. In the investment segment, in 2018, Grivalia Hospitality, with a 25% stake in Grivalia Properties, completed the acquisition of Meli Palace hotel in Crete. Another major deal by Grivalia Hospitality was the acquisition of 80% in Nafsika SA, the company that leases the renowned “Asteria” property in Glyfada. The property used to operate as the well-known “Asteria” Hotel, now planned to be entirely rebuilt into a luxury resort under the management a prominent international hotel chain.
Contact details 117 Kifissias Ave. & Agiou Konstantinou St., 151 24, Maroussi, Athens Tel.: +30 210 8129600 Fax: +30 210 8129670 Email: grivaliaproperties@grivalia.com Website: http://www.grivalia.com/
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
GRIVALIA PROPERTIES REIC 2015 2016 Change (%) 46,377,000.00 € 50,045,000.00 € 7.9 54,805,000.00 € 26,829,000.00 € -51.0 - - 851,152,000.00 € 830,754,000.00 € -2.4 41,206,000.00 € 42,596,000.00 € 3.4
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DIAMONDS OF THE GREEK ECONOMY
2018
Papastratos S.A. Papastratos in a new era
Tobacco Products Industrial Turnover
Papastratos, an affiliate of Philip Morris International (PMI), is the largest tobacco products producer in Greece. Based in Aspropyrgos, it offers approximately 1,000 direct and indirect jobs in its production and administrative facilities. The firm’s portfolio of products includes the world’s leading brand Marlboro, reputed international brands Philip Morris, L & M, the historic ASSOS, and the innovative smoke-free product IQOS. Papastratos has been leading a cluster of countries including, in addition to Greece, Bulgaria, Croatia, Cyprus, Malta, Romania and Slovenia.
291,633,208.00 €
PROFIT BEFORE TAXES 27,143,508.00 €
A dynamic transformation Counting 87 years of history in the Greek market, Papastratos entered a new business era when in 2018 it ceased cigarette production. With a new €300-million investment, it converted its factory to exclusively produce HEETS, the tobacco units used with IQOS, the company’s most advanced smoke-free product. This first full conversion of a cigarette factory is a landmark step in Philip Morris International’s vision for a smoke-free future.
Care for its people Its people are the most crucial ingredient for the business success of Papastratos. The company constantly invests in scouting and searching for capable professionals to meet the varying needs of the company, in dynamic career development plans, competitive salaries and benefits, international career building and in a modern working environment. This investment has led to Papastratos being recognized as a great place to work by the Great Place to Work® Institute Hellas (2012, 2013, 2014, 2017) and as a top employer by the Top Employer Institute for four years in a row (2015, 2016, 2017, 2018). In 2016 it was nominated as the #1 Most Admired Company (in any sector) in Greece by the Fortune magazine. Care for society A multi-faceted corporate social responsibility plan, representing an expenditure of over €2.0 million since 2009, is aimed at providing vulnerable social groups with relief from the economic crisis.
The moment that PMI’s CEO, Andre Calantzopoulos and Papastratos’ CEO, Christos Harpantidis are inaugurating the new factory in Aspropyrgos
Contact details Imeros Topos, Location Kororemi, Aspropyrgos 193 00, Greece Tel.: +30 210 41 93 000 Fax: +30 2104193821 Email: papastratos@pmi.com Website: www.papastratos.gr Connect with us : Facebook LinkedIn
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›››››› Indicative CSR activities of Papastratos to date include: ●D isrupt Greece, a program for the development of innovative entrepreneurship in cooperation with Industry DisruptorsGame Changers and Fortune Greece (2017 & 2018) ●“ SPEAK” campaign in cooperation with Diotima (Center of research on women’s issues) against gender-based violence ●“ Care On the Move”, the 1st European shower bus for the homeless in cooperation with the NGO Praksis and the support of the Ministry of Labour and OASA (2016) ●A programme of free vocational training for 2,300 unemployed people (2013-14 and 2016) ●O ffering 110,000 meals to soup kitchens run by the Archdiocese of Athens (2015 and 2016) ●T raining programme for 570 tobacco farmers in Northerner Greece (2014, 2015 and 2016) ●C reating 4 shelters for homeless abused women (2015) ●S upporting homeless single parent families through the NGO Praksis Day Center (2015)
●S upport
for the local Aspropyrgos community (social grocery store & pharmacy, playgrounds, buying a car for the help at home programme) (2009-2016)
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PAPASTRATOS S.A. 2015 274,155,035.00 € 7,890,876.00 € 75,121,872.00 € 95,051,648.00 € 248,226,079.00 €
2016 Change (%) 291,633,208.00 € 6.4 27,143,508.00 € 244.0 78,241,484.00 € 4.2 114,056,254.00 € 20.0 250,841,882.00 € 1.1
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DIAMONDS OF THE GREEK ECONOMY
2018
ALUMINIUM Industrial
ELVAL
A worldwide leading aluminium rolling manufacturer
Contact details e-mail: info@elval.vionet.gr website: www.elval.com
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Elval is the aluminium rolling division of ElvalHalcor S.A., one of the leading aluminium rolling processors worldwide and the only one in Greece. For more than 40 years, Elval has been recognised as a trusted partner, committed to sustainable and innovative manufacturing of a broad portfolio of high quality products made for the packaging, sea and land transportation , automotive, industrial,, construction, , energy, and HVAC markets. Through an established global commercial network in more than 80 countries and 7 production plants in Greece, Elval and ElvalHalcor’ s aluminium segment subsidiaries export over 80% of their production and are able to offer reliable and competitive solutions that meet the requirements of the most demanding global customers. Elval has the ability to sustainably produce both wide coils (up to 2.5 m) and long slabs (9 m) for demanding applications in a number of diverse markets. Having intense focus on investing in cutting- edge infrastructure and improving and extending production facilities, the Company has reached an annual capacity of 280,000 tons and is able to supply its multinational customers with innovative products and solutions of excellent quality that generate high levels of added value. Elval’s extensive product portfolio includes aluminium sheets and coils used in construction and architectural applications (side covers and roofs of buildings, floors, venetian blinds, aluminium garage doors, rain gutters and multilayer tubes),
the shipbuilding and automotive industries (ships, car parts, trucks, trains, and HVAC applications), the food and beverage industry (food cans, beer and soft drink cans, closures, precision valves and flexible foil containers), among others. With a strong focus on quality and innovation, Elval invests significantly in product and process development, employee training, and the constant upgrading of its facilities. Through the Elval Technology centre, a department dedicated to R&D, the Company is able to introduce both innovations in manufacturing processes and high quality products such as Elval Grain that won the 1st prize in the 3rd Competition for Applied Research and Innovation “Greece Innovates”. Moreover, Elval’s strategic partnership with United Aluminum Company of Japan (UACJ Corp.) has allowed it to reach a number of technological breakthroughs in the HVAC sector. Through this partnership, established in 1988, the Company benefits from significant technical assistance and expertise to support some of the most demanding industrial customers, aluminium dealers and distributors worldwide. Elval aims to further improve its position as one of the most important manufacturers of rolled aluminium products worldwide by adhering to the principles of sustainable development, and having an ongoing focus on technology and innovation, employee health and safety, environmental protection and social contribution.
›››››› Elval product range Elval produces aluminium sheets, coils, and circles for a wide range of applications covering various markets.
Automotive industry ●V arious internal parts and components ● Heat and sound insulating covers ●S uspension and brake systems
Construction / architectural applications ● Curtain walls ● Composite aluminium panels ● Perforated sheets and coils ● Corrugated sheets ● Facade ● Construction angles ● Metal roofs ● False ceilings ● Venetian blinds /Rol. shutters ● Garage and industrial doors ● Window spacers ● Rain gutters
Shipbuilding ● Patrol vessels ● Workboats/supply vessels ● Yachts ● Pontoon boats
Water transport systems ● Multi-layer tubes Power networks ● Bus ducts Renewable energy ● Windmill platforms and nacelles ● Solar systems Oil & Gas ● LNG storage tanks
››››››
Road and rail transport ● Trucks and trailers ● Tipper trucks ● Road tankers ● Road silos ● Refrigerated trucks ● Cargo rail wagons ● Buses/coaches ● Special purpose vehicles ● Caravans/Recreational vehicles ● Fuel tanks ● Air-pressure vessels Packaging ● Soft drinks and beer cans ● Food containers ● Aerosol valves ● Closure caps
Heating, ventilation, cooling ● Heat exchangers ● Car radiators ● Air coolers ● Condensers ● Evaporators ● Oil coolers Engineering applications ● Static silos ●G eodesic domes and floating roofs ● Flat screen TVs (LED) ● Printed circuit boards ● Light bulb bases ●C ommunications e quipment boxes ● Heat-insulating pipes ● Toolboxes Household appliances ● Cooking implements ● Kitchen appliances Signage ● Name plates ● Road signs ● Billboards ● Car license plates ● Aluminium trims
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DIAMONDS OF THE GREEK ECONOMY
2018
PIRAEUS INSURANCE AGENCY SA
Posting high profitability for 2016 Insurance
Since 2007, Piraeus Insurance Agency has been the main pillar of Piraeus Bank Group’s brokerage insurance services, as its wholly-owned subsidiary. Utilizing its strategic partnerships with the insurance companies NN Hellas SA and ERGO SA, and the know-how of its executives, the firm contributes to the support of Piraeus Bank’s Bancassurance operations, which concern the management and design of standard products of Life, Health, Pension and General Insurance (auto, property, civil liability, personal accident), as well as their promotion through the Piraeus Bank branch network.
Commercial
Turnover 34,336,940.00 €
PROFIT BEFORE TAXES 24,481,922.00 €
Syngrou Ave., Athens 171 21
Contact details Tel.: +30 216 4001 302 Fax: +30 210 3288 570 Website: http://www.piraeusagency.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PIRAEUS INSURANCE AGENCY SA 2015 2016 Change (%) 38,377,783.00 € 34,336,940.00 € -10.5 32,124,443.00 € 24,481,922.00 € -23.8 37,614,832.00 € 32,489,500.00 € -13.6 38,677,299.00 € 46,016,430.00 € 19.0 30,290,425.00 € 30,890,958.00 € 2.0
EUROBANK EFG FACTORS SA Financial Services Commercial
Turnover 27,346,742.00 €
PROFIT BEFORE TAXES 23,097,148.00 €
Contact details 16 Laodikias St. & 1-3 Nymfeou St., 115 28 Athens, Greece Tel.: +30 210 6078000 Email: eurobankfactors@eurobankfactors.gr Website: http://www.eurobankfactors.gr
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Holding a leading position in Greece’s factoring market Eurobank Factors was founded in 1999 in Athens as a 100% subsidiary of Eurobank. The company, since its inception, has been providing full range of factoring and forfaiting services to the local market. Eurobank Factors holds a leading position in the factoring market in Greece. It has also been recognized globally for the quality of its import and export factoring services being a twice world laureate of FCI awards for service excellence, a major distinction for the factoring industry and a remarkable achievement given the strong international competition. For the year 2016, the firm was ranked in the 3rd place worldwide and 1st in Europe for export factoring services according to the latest annual assessment conducted by the FCI. The company has been offering its services to more than 2,000 customers with several tens of thousands of assigned debtors from almost all sectors of the Greek economy by capitalizing on the accumulated expertise of its staff and its constant pursuit for innovation. Eurobank Group has units that offer factoring services in Bulgaria and Romania. Eurobank Group’s factoring network remains the first in volume of business in Southeast Europe.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
EUROBANK EFG FACTORS SA 2015 2016 Change (%) 25,661,927.00 € 27,346,742.00 € 6.6 21,951,874.00 € 23,097,148.00 € 5.2 - - 130,362,573.00 € 146,715,963.00 € 12.5 369,149,018.00 € 465,735,613.00 € 26.2
DIAMONDS OF THE GREEK ECONOMY
2018
Τεχνικές – Οικοδομικές επιχειρήσεις Commercial Turnover 53,864,286.00 €
PROFIT BEFORE TAXES 23,613,140.00 €
TEKAL S.A.
A strategic partner of COSCO
TEKAL S.A. is a Greek corporation that operates and specializes in the in the civil engineering, building, mechanical and services sectors throughout the country. It was founded in February 1990. Over the past two decades the corporation delivers projects of high quality by implementing innovating business practices, offering in this way services that meet the needs and exceed the expectations of its customers. TEKAL’S qualified personnel and its international collaborations enable the corporation to adjust –and evolve- to this new competitive environment by undertaking projects of specialized technical requirements and of the highest quality standards. In fact, TEKAL’s expertise in marine construction as well as in specialized construction projects has given the corporation the opportunity to contribute to the construction of better infrastructure for the country and ultimately to the economic growth of Greece itself. TEKAL is a dynamically developing corporation being in a state of expanding its business in the broader region of the Balkans and of South Europe.. The company has completed projects in several fields, including Harbor facilities, Infrastructure Projects, Energy / Industrial Projects, sports and educational facilities, hospitals, parking spaces, buildings and civil engineering. Having built relations of trust with the Chinese group over the past five years, delivering projects earlier than scheduled, the firm is today also claiming a share of the project pipeline of a total value of €336 million, making up the programmed investments that the Piraeus Port Authority (PPA) has been contractually committed to deliver by summer 2021 (under the concession agreement for its privatization and the transfer of 51% to Cosco). Notably, a major project undertaken and completed by the company was at the PPA container stations, completing Pier II and Pier III, as well as the new oil jetty. TEKAL completed by itself the western part of Pier III and the new oil jetty. TEKAL SA is a group of companies with four subsidiaries: ● TEKSIRT SA (Main business is the design and execution of construction projects as well as various other services), ● TEKAL EOLIKI CO. (Wind Farm Power Plant Development), ● KOLIOS ENERGY LTD. (Photovoltaic Power Plant Development) and ● NDP ENERGY LTD. (Photovoltaic Power Plant development).
Contact details 1 Mykonou St., 16673 Voula, Athens, Greece Tel.: +30 210-9480680-2 Fax: +30 210-9480683 Email: info@tekal.gr Website: http://www.tekal.gr/
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
TEKAL S.A. 2015 30,164,067.00 € 4,354,376.00 € 6,021,293.00 € 25,546,505.00 € 21.394.293,00 €
2016 Change (%) 53,864,286.00 € 78.6 23,613,140.00 € 442.3 21,189,354.00 € 251.9 31,551,112.00 € 23.5 17.892.104,00 € -16,4
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DIAMONDS OF THE GREEK ECONOMY
2018
Building Materials Industrial Turnover 262,475,000.00 €
PROFIT BEFORE TAXES 22,706,000.00 €
TITAN CEMENT CO. SA
A global titan
Dimitris Papalexopoulos, CEO
Contact details 22-A Chalkidos St., 11143, Athens, Attica, Greece Tel: +30 210 2591 111 Fax: +30 210 2591 205 Email: main@titan.gr Website: www.titan.gr
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TITAN Group is an independent, vertically integrated cement and building materials producer with over 110 years of industry experience. Based in Greece, TITAN Group’s activity spans 14 countries. This activity is carried out both by wholly-owned affiliates and by joint ventures with other partners, covering the production of cement, concrete, aggregates, mortars and other building materials; transportation - distribution of products; and, processing and industrial utilization of fly ash. The Group owns cement plants in nine countries, employs 5432 people worldwide (2017) and is organized in four geographic regions: Greece & Western Europe, USA, Southeastern Europe and Eastern Mediterranean. Up until the end of 2016, the group owned cement plants in the US (two), Greece (three), Serbia, Bulgaria, Kosovo, FYROM and Albania. In the Eastern Mediterranean, the group operates one factory in Turkey and two in Egypt. In 2016, most of the group’s turnover (53%) came from the US, with total sales of 794 million euros. Respectively, the smallest part of sales (14%) came from the Southeastern European market, with total turnover of 204 million euros. Throughout its history, TITAN has remained firm on combining operational excellence with respect for people, society and the environment. TITAN Group’s CSR and Sustainability commitment is demonstrated in its own policies and practices, as well as through its active participation in international initiatives. TITAN was the first company in Greece to sign the United Nations Global Compact, which aims at safeguarding human rights, labor rights, environmental protection, as well as combating bribery and corruption. It is a member of CSR Europe, the World Business Council for Sustainable Development, the Cement Sustainability Initiative and the European Alliance for CSR. Throughout Greece’s economic crisis, since 2010, TITAN, under CEO Dimitris Papalexopoulos, has remained steadfast in the implementation of its action plan to improve social and environmental performance by retaining its focus on the triple bottom line framework and accelerating efforts to improve its safety culture; investing to reduce carbon footprint; and taking a number of initiatives to engage its stakeholders at the local level. In 2017, the cement company posted a drop in sales to 233.8 million euros compared to 262.4 million euros the previous year. Pre-tax profits amounted to 11.8 million euros against 22.7 million euros in 2016. Group sales were steady at 1.505 billion euros in 2017 compared to 1.509 billion euros on-year. Pre-tax profits amounted to 63.2 million euros compared to 63.5 million euros in 2016. In 2017, investments and operating expenses for environmental improvements amounted to 27.5 million euros. In addition, the Group allocated 2.1 million euros to support projects in the local communities in its areas of activity. Building activity in Greece further drooped in 2017, following the completion of some large public works in the first half of the year. Private construction remained at extremely low levels despite rising demand from the growing tourism industry. Exports also continued at a high pace. According to the company’s projections for 2018, demand in Greece is expected to drop even below 2017 levels, as no new large projects are planned in the short-term and private building activity remains extremely low, despite some tourism projects. Cement production in Greece in 2018 will continue be mostly channeled to export destinations.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
TITAN CEMENT CO. SA 2015 2016 Change (%) 273,193,000.00 € 262,475,000.00 € -3.9 63,619,000.00 € 22,706,000.00 € -64.3 70,751,000.00 € 62,639,000.00 € -11.5 860,544,000.00 € 827,269,000.00 € -3.9 387,754,000.00 € 439,968,000.00 € 13.5
DIAMONDS OF THE GREEK ECONOMY
2018
Oil Products Commercial Turnover 1,546,333,000.00 €
PROFIT BEFORE TAXES 22,181,000.00 €
CORAL S.A. (ex SHELL HELLAS S.A.)
Leading Greece’s fuel market
Coral SA is the former Shell Hellas SA that was renamed after the completion of its acquisition by Motor Oil Hellas. The company operates in Greece since 1926. Coral’s vision in Greece is to be the number one company in marketing oil products and the customer’s first choice, with its human face and respect for the environment. Its strategy is to constantly enhance its services in order to meet the ever-changing needs of the market and its customers and to differentiate itself from its competitors at all levels. With approximately 730 retail stations operating under the Shell logo, it has a market share of around 23.8% and is a leader in the Greek fuels market. The firm’s main activities involve the distribution and marketing of a wide range of oil products, including petrol, fuel oil, diesel and lubricants through its retail network. Its activities also cover industrial and commercial sectors, marine and chemicals. Furthermore, Coral has a 100% stake in ‘ERMIS SA and MYRTEA SA, which manage retail stations, as well as in ‘Coral Products and Trading SA, a company engaged in the marketing of marine fuel. In addition, Coral owns a 37.49% stake in RAPI SA, which manages oil depots, and a 49% stake in Shell & MOH Aviation Fuels SA, a company marketing aviation fuel. Throughout its 90 years of operation in Greece, the company has demonstrated its interest in the country’s social welfare contributing to the national economy through both its continuous investments and the job opportunities that it has been creating. Its low staff turnover rate is witness to a strong employer-employee relationship, which has also been the driving force behind its successful growth. Today the company employs a staff of 280, excluding indirect employees, retailers and their staff.
Contact details 12 A Irodou Attikou St., 151 24 Marousi, Athens, Greece Tel.: +30 2109476555 Email: CSC-Hellas@ceg.gr Website: https://www.coralenergy.gr/
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
CORAL S.A. (ex SHELL HELLAS S.A.) 2015 2016 Change (%) 1,630,569,000.00 € 1,546,333,000.00 € -5.2 4,336,000.00 € 22,181,000.00 € 411.6 74,399,000.00 € 93,734,000.00 € 26.0 74,044,000.00 € 89,459,000.00 € 20.8 229,894,000.00 € 258,727,000.00 € 12.5
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DIAMONDS OF THE GREEK ECONOMY
2018
WATER SUPPLY Industrial Turnover 73,278,000.00 €
PROFIT BEFORE TAXES 21,568,000.00 €
THESSALONIKI WATER SUPPLY & SEWERAGE CO. SA
Supplying Greece’s “northern capital” with water
Ioannis Krestenitis, president & CEO
Contact details 127 Egnatias St., 546 35 Thessaloniki, Greece Tel.: +30 2310 96900 Fax: +30 2310 275730 E-mail: info@eyath.gr Website: www.eyath.gr
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Thessaloniki Water Supply & Sewerage Co. S.A., trading as EYATH SA, was founded in 1998 following a merger of Thessaloniki Water Supply Organization SA (OYTH SA) and Thessaloniki Sewerage Organization SA (OATH SA). Prior to that, in 1997, OYTH and OATH, which had both been bodies governed by public law, had been converted into S.A. companies. EYATH is listed on the Athens Stock Exchange. The company is supervised by the Ministry of Economy & Finance and the Ministry of Macedonia-Thrace. The Company’s key operations are: to provide water supply to consumers via a water supply network; to provide sewerage services for waste via a sewerage network; and, to financially exploit both of those services and networks. The facilities owned or managed by EYATH are: (a) water abstraction works; (b) external aqueducts, boreholes and pipelines; (c) pumping stations and tanks; and, (d) the distribution network comprised of pipelines and water meters. EYATH uses the Karst system of aquifers on the Paiko Mountain, specifically its point of discharge at the Aravissos springs, to supply water to Thessaloniki. Water is abstracted from the Aravissos springs from two natural supply shafts, a spring fitted with a pump and 11 water boreholes which pump water via connecting pipes to the Aravissos aqueduct. The quantity of water obtained from the Aravissos springs ranges from 65,000m3 to 130,000m3 a day, depending to a large degree on each year’s snowfall and rainfall. ‘Green development’ is high on the global agenda and EYATH is highly attuned to its own social responsibility and its wider business role, which is why it is ‘open’ and has taken steps to ensure: Beneficial environmental and social management of wastewater. Use of wastewater as a fertiliser has emerged as one of the most appropriate solutions. Supply of the biogas production facility located at the Sindos Biological Treatment Plant with wastewater, and utilise the heat-generating potential wastewater has to offer. Re-use of treated wastewater to irrigate crops in areas close to the Sindos Biological Treatment Plant. Development of a network of superfast fibre optics across the top of the existing sewerage network to offer new generation telecom services. In 2017, EYATH reported steady sales to €73.4 million euro compared to 73.3 million a year earlier, up 0.17%. Group pre-tax profit amounted to €24.93 million compared to €21.77 million in 2016, an increase of 14.52%. EBITDA rose to €29,512 compared to €26,501, recording an increase of 11.36%. The company’s approved new investment and business plan for the period 2017-2023, includes: the overall development of the networks and expansion of its activity, implementation of the expansion of the Thessaloniki water treatment plant (refinery) and the combination of business activity with social responsibility.
THESSALONIKI WATER SUPPLY & SEWERAGE CO. SA 2015 2016 Change (%) Turnover 73,048,000.00 € 73,278,000.00 € 0.3 Profit Before Taxes 20,754,000.00 € 21,568,000.00 € 3.9 Gross Profit 26,902,000.00 € 30,241,000.00 € 12.4 Total Equity 150,434,000.00 € 153,795,000.00 € 2.2 Liabilities 37,494,000.00 € 37,918,000.00 € 1.1
DIAMONDS OF THE GREEK ECONOMY
2018
Car rentals Commercial Turnover 161,432,358.00 €
PROFIT BEFORE TAXES 21,345,786.00 €
AUTOHELLAS SA (HERTZ)
Greece’s biggest car rental company, with a fleet of 35,200 cars
Eftychis Vasilakis, Vice President & CEO
AUTOHELLAS SA is the largest car rental company in Greece, based on financial capacity and the fleet size it manages. Further, the company ranks as Hertz International’s biggest national franchisee in Europe. AUTOHELLAS (HERTZ) has operated in Greece for 55 years. Since 1978, the company has constantly held first place in the car rental sector. In 2011 Hertz’s fleet exceeded 23,000 cars of various types, stationed at 115 locations all over Greece, including 21 airports. Through its privately-owned stations, covering all main areas, Hertz has been able to cover all customer requirements for both short and long-term renting (Renting, Operating Leasing and Fleet Management). Eight of the company’s largest service centers are located in Athens (three in the wider Athens area), Thessaloniki, Rhodes, Corfu, Myconos and Crete. The company places major emphasis on its personnel. Employees and executives are carefully chosen, well educated, and experienced. The company is part of the Th. Vassilakis Group and is listed on the Athens Stock Exchange as Autohellas SA. The company’s consistent growth has created new job positions at Hertz locations, such as airports, local offices and headquarter facilities. In its 2017 results, Autohellas reported a jump in consolidated Group revenue to €340.6m, up 28.6% compared to €264.8m a year earlier. Revenue from the Group’s core business, car rentals, in Greece and International increased by 17% in 2017, achieving the highest growth rate of the last 10 years and reaching €180 million, up from €154 million in 2016. Fleet used car disposals reached €39.4m, up 23%. Profit contribution from the overall Rental activity in Greece and International continues to account for more than 90% of the Group’s total operating profit. Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 14.3%, reaching €119.3m while earnings before interest and tax (ΕΒΙΤ) jumped 29.3% to €54m. Finally, as a result of the exceptional momentum of the Group’s operations, consolidated earnings after tax (ΕΑΤ) increased significantly by 39.4% and reached €31.6m from €22.7m in 2016. During 2017 the Group executed a net investment valued at €110m, purchasing 11,000 vehicles in order to both support growth in the 8 countries it operates and to enhance the quality of its product offering. Within this amount, €68m was allocated to fleet expansion, mainly due to the substantial increase of 3,700 contract vehicles under long-term lease with corporate customers. Following this investment, aggregate fleet in all 8 countries exceeded 40,500 cars during the peak summer months, representing a new record for the company.
Contact details 31 Viltanioti St., 145 64 Kifissia, Attica, Greece Tel: +30 210 6264000 Fax: +30 210 6264409 Email: Website: https://www.hertz.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
AUTOHELLAS SA (HERTZ) 2015 2016 Change (%) 141,239,691.00 € 161,432,358.00 € 14.3 24,032,367.00 € 21,345,786.00 € -11.2 32,836,942.00 € 41,574,474.00 € 26.6 154,750,107.00 € 156,864,819.00 € 1.4 302,819,457.00 € 335,421,122.00 € 10.8
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DIAMONDS OF THE GREEK ECONOMY
2018
TRANSPORTING Commercial Turnover 48,061,529.00 €
PROFIT BEFORE TAXES 21,081,796.00 €
THESSALONIKI PORT AUTHORITY SA
Embarking on new investments
Thessaloniki port is a European port and the natural gateway for the economic activities of the inland markets beyond Greece. It serves the growing needs of those countries for the import and export of raw material, consumer products and capital equipment. The port is a vital element of the country’s economy while it also plays a vital role in the effort of northern Greece and Thessaloniki, the region’s main city, to establish itself as the Eastern Mediterranean’s economic focal point. The port enjoys a privileged position as it is located at the crossroads of land transportation networks. Moreover, Thessaloniki’s port is at a driving distance from the city’s International “Macedonia” Airport, 16 kilometers away, and just one kilometer from the central railway station. Thessaloniki port has a total quay length of 6,200m and a sea depth of 12 meters. It possesses 600,000 square meters of indoor and open-air storage area, as well as modern mechanical equipment for secure and prompt handling of all kinds of cargo - general, bulk and containers. The port’s services for the cargo sector are comprised of loading, unloading, servicing and storage of all kinds of cargo - containers, bulk and general cargo - from and to ships, trucks and rail wagons. For ships, the port provides anchoring, mooring, water supply, power, telecommunication supply, and waste management services. A significant development for the company in 2017 was the sale of 67% of Thessaloniki Port Authority (THPA), for the sum of 231 million euros, to South Europe Gateway Thessaloniki (SEGT) Ltd. The new shareholders’ strategy is to harness the port to the fullest extent to become the main Balkan leader in the freight transport services of the Eastern Mediterranean and a large a transport and logistics hub in Southeastern Europe, contributing decisively to the development of the economy of Thessaloniki and the wider region. In this context, the company’s strategy includes the following axes: restoring the proper functioning of the port, supplying state-of-the-art load handling equipment, restructuring the Company with the development of a customer-centred culture, direct commencement of mandatory investments with priority in the expansion of the 6th wharf and the creation of New Panamax ship service infrastructure and mainline approach, as well as off-shore activities. The port operator reported 2017 turnover at 54.2 million euros compared to 48.06 million euros a year earlier. Pre-tax profits plunged to 12.4 million euros from 21.08 million euros in 2016. According to official statistics, ship arrivals for the whole of 2017 rose to 1,936 against 1,828 in 2016. Passenger traffic dropped 27,5%, with the total number of passengers reaching 50,373 in 2017 compared to 69,508 the previous year. A significant increase of 10.5% was recorded in the total maritime traffic of goods (liquid goods, dry and general cargo), with the total weight (loading and unloading) rising to 15.5 million tonnes compared to 14.09 million tonnes year-on-year.
Contact details Dock A, Thessaloniki Port, 541 10 Thessaloniki, Thessaloniki, Greece Tel.: +30 2310 593121 Fax: +30 2310 593121 E-mail: secretariat@thpa.gr Website: www.thpa.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
THESSALONIKI PORT AUTHORITY SA 2015 2016
Change (%)
50,881,605.00 €
48,061,529.00 €
-5.5
24,514,352.00 € 24,333,039.00 € 127,087,934.00 € 13,758,053.00 €
21,081,796.00 € 22,171,088.00 € 135,455,122.00 € 15,376,960.00 €
-14.0 -8.9 6.6 11.8
DIAMONDS OF THE GREEK ECONOMY
2018
Transportation Services Commercial Turnover 149,864,000.00 €
PROFIT BEFORE TAXES 20,830,000.00 €
MINOAN LINES S.A.
The best place at sea!
Emanuele Grimaldi, Chairman
MINOAN LINES was founded in 1972 in Heraklion, Crete and is one of the biggest shipping companies in Europe. Its successful course is indissolubly connected with the history of the Greek coastal shipping. Guided by its customer-oriented philosophy, the continuous renewal of its fleet, the luxury, speed and safety of its passengers, as well as the upgrading of quality and range of services offered to them, MINOAN LINES has managed to capture the highest rankings of customer satisfaction since the very first steps of its operation. Some important company milestones are: In November 2013, a share capital increase was completed raising 50.5 million euros. In March 2014, an additional share capital increase raised 30.6 million euros, further strengthening the financial structure of the company and enabling it at the same time to overcome the repercussions of Greece’s economic crisis with minimal losses. In 2014, Minoan Lines undertook the official port and commercial agency of cargo vessels (Ro/Ro, Car-Carriers), owned or chartered by GRIMALDI GROUP at the port of Piraeus. This important deal enables Minoan Lines to further expand its activities in Greece in the field of commercial maritime transport. Minoan Lines manages an ultra-modern fleet of vessels which are deployed on the domestic route of Crete (HERAKLION-PIRAEUSHERAKLION) and in the international lines of Italy, Patra-Igoumenitsa-Ancona and PatraIgoumenitsa-Ancona-Trieste. Minoan Lines agreed in 2017 to sell 48.53% of its shares in Hellenic Seaways to Attica Group - owned by Marfin Investment Group. The acquisition is valued at 78.5 million euros, while Superfast XII ferry will be sold to a third company of the Grimaldi Group for 74.5 million euros. Minoan Lines will buy Highspeed 7 for 25 million euros. These operations were agreed upon in order to reduce Attica Group’s share in the domestic market and at the same time to reduce competition concerns. Upon completion of the transaction, Attica Group will hold 98.83% of Hellenic Seaways’ (HSW) share capital. In 2017, the coastal company posted a hefty drop in sales to €69.69 million compared to €149.8 million a year earlier. Pre-tax earnings dropped to €3.8 million from €20.8 million in 2016. Minoan Lines posted a profitable first quarter of 2018. More specifically, the Group reported sales of €15.5 million, while EBITDA stood at €5.1 million and net earnings after taxes amounted to €1.7 million.
Contact details 17 August 25th St., 71202 Heraklion, Crete, Greece Tel.: +30 2810 399800 Fax: +30 2810 330308 Email: info@minoan.gr Website: https://www.minoan.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
MINOAN LINES S.A. 2015 162,077,000.00 € 16,214,000.00 € 41,773,000.00 € 250.046.000,00 € 244,874,000.00 €
2016 Change (%) 149,864,000.00 € -7.5 20,830,000.00 € 28.5 43,023,000.00 € 3.0 269.817.000,00 € 7,9 199,141,000.00 € -18.7
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DIAMONDS OF THE GREEK ECONOMY
2018
Insurances Commercial Turnover
EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A.
167,685,000.00 €
Posting higher sales in 2017
PROFIT BEFORE TAXES 20,616,000.00 €
European Reliance general insurance Co. S.A. is a comprehensive insurance company, active in all modern insurance sectors. It provides full insurance coverage to individuals as well as to companies. It has created specially designed, ground-breaking and flexible insurance programs whilst investing continuously in new technology. The company’s sales network comprises of more than 5,400 salespersons throughout Greece serving the needs of 615,000 insurance policies. The firm owns two subsidiaries Alter Ego Management and European Reliance Asset Management. With 38 years of presence in the insurance market, the company has achieved performances over the usual limits, such as increases of 23% in turnover, 23.5% in net worth (capital), 25.5% in assets, 26% in stock and 16% in employment of an average age of 37 years. During the last six years of Greece’s economic recession, European Reliance increased its production by 50%, while the market total dropped 33%. The company employs more than 5,000 insurance agents and a staff of 405, servicing more than 500,000 insurance contracts. Unlike the majority of businesses in Greece, European Reliance has made no administrative staff salary cuts, and no layoffs. On the contrary, in recent years it rewarded its personnel with bonuses totaling approx. 5.2 million euros. Continuing on its growth path, the insurance company ended 2017 with an increased number of policies signed. The total number of policies in 2017 rose to approximately 617,000 compared to 586,000 a year earlier. Most of them concerned the car civil liabilities sector, followed by general insurance categories and with the life sector in last position. With regard to employment, European Reliance for the 4th consecutive year increased the number of its staff; in particular, in 2017 the group’s workforce rose to 1,121. The number of the company’s business associates also grew for the third year in a row, with the network numbering 5,433 associates for 2017 compared to 5,294 in 2016. The company operates from 104 points throughout Greece. In FY 2017, the insurance company posted a rise in sales to 183 million euros compared to 172 million euros in 2016. Pre-tax profits inched up to 22.1 million euros compared to 20.6 million euros y-o-y.
Contact details 274 Kifisias Ave., 152 32, Chalandri Τel: +30 210 6829601 Fax: +30 210 8119789 E-mail: info@europisti.gr Website: https://www.europaikipisti.gr
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EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A 2015 2016 Change (%) Turnover 172,655,000.00 € 167,685,000.00 € -2.9 Profit Before Taxes 16,077,000.00 € 20,616,000.00 € 28.2 Gross Profit - - Total Equity 81,131,000.00 € 96,222,000.00 € 18.6 Liabilities 23.009.000,00 € 23.624.000,00 € 2,7
DIAMONDS OF THE GREEK ECONOMY
2018
Beverages Industrial Turnover 55,800,000.00 €
PROFIT BEFORE TAXES 20,600,000.00 €
Coca-Cola HBC LTD
Among the world’s largest bottlers!
Coca-Cola HBC, one of the world’s largest bottlers for The Coca-Cola Company, with a broad geographic footprint including operations in 28 countries and 136 brands in its diverse portfolio, serving a population of approximately 595 million people. Sustainability and corporate responsibility is integrated into every part of the business, aiming to build long-term value for its stakeholders. In 2015, the Dow Jones Sustainability Indices recognized CocaCola HBC as the beverage industry leader in Europe and the world for the second consecutive year. Founded in 1969, Coca-Cola Tria Epsilon, member of Coca-Cola HBC, is Greece’s leading non-alcoholic beverage bottler. Through its various facilities nationwide which include 25 production lines, it produces and distributes a unique portfolio of quality products meeting the needs and much loved by Greek consumers. The broad portfolio comprises of 15 brands and more than 200 products, with more than 553 million liters of product sold. These products include The Coca-Cola Company brands (Coca-Cola, Fanta, Sprite, Powerade, Nestea, illy issimo and Schweppes mixers) as well as other brands the company has developed in Greece such as Amita, Amita Motion, Frulite and AVRA natural mineral water. The company also distributes TSAKIRIS snacks, Monster energy drinks and Lavazza coffee. The portfolio of products also includes alcoholic beverages by The Edrington Group, Isidoros Arvanitis, Brown-Forman and Gruppo Campari. In 2017, the Greek firm reported a slight drop in sales to €53 million compared to €55.8 million a year earlier. Pre-tax earnings also dropped to €9.4 million against €20.6 million in 2016.
Contact details 20 Anapafseos St., 19003 MARKOPOULO, Attica, GREECE Contact phones: Tel.: +30 22990 – 22231 Fax: +30 22990 – 23301 Email: kourt@otenet.gr Website: http://www.greek-wine-cellars.com
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
COCA COLA HBC 2015 2016 Change (%) 158.900.000,00 € 55.800.000,00 € -64,9 121.700.000,00 € 20.600.000,00 € -83,1 119.900.000,00 € - 350.600.000,00 € 239.200.000,00 € -31,8 28.100.000,00 € 19.400.000,00 € -31,0
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DIAMONDS OF THE GREEK ECONOMY
2018 HOTEL
Commercial Turnover 135,934,244.00 €
PROFIT BEFORE TAXES 6,779,159.00 €
TEMES S.A.
A premier destination developer & operator
Contact details 5 Pentelis St. 17564 Athens, Greece Tel.: +30 210 9490 000 Fax: +30 210 9490 218 Email: info@temes.gr Website: www.costanavarino.com The Westin Resort, Costa Navarino: http://www.westincostanavarino.com/ The Romanos, A luxury Collection Resort: http://www.romanoscostanavarino.com/
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TEMES S.A. is a premier destination developer & operator in the high-end tourism and real estate sector. Costa Navarino, its flagship development, is one of the largest tourism investments in the Mediterranean. Based on solid financial foundations, the development will ultimately comprise five resort areas covering a total area of 1.000 hectares with 5-star hotels, quality facilities and at least four world-class golf courses. TEMES has fulfilled the vision of its founder, Captain Vassilis Constantakopoulos, to establish his homeland Messinia as a top international destination. In 2014 the Olayan Group, a major global investor, joined TEMES as a shareholder. COSTA NAVARINO, the prime, sustainable destination in the Mediterranean, is located in Messinia in the southwest Peloponnese, amidst one of the most unspoiled and breathtaking seaside landscapes, in a region shaped by 4,500 years of history. Navarino Dunes, the first resort area, is home to two luxury 5-star hotels, The Romanos, a Luxury Collection Resort and The Westin Resort, Costa Navarino; The Dunes Course – the first signature golf course in Greece- Anazoe Spa, a 4,000sq.m. spa & thalassotherapy centre; the state-of-the-art conference centre House of Events; specially designed facilities for children; as well as a variety of gastronomy venues, sports, outdoor and cultural activities. Navarino Bay, the second area is home to the second signature golf course, The Bay Course. Two new signature golf courses at Navarino Hills overlooking the historic bay of Navarino, as well as two further luxury hotels located at the resort areas Navarino Bay and Navarino Waterfront, are currently under development. Navarino Residences are a collection of luxury villas for private ownership, with sizes varying from 300m2 to 1,000m2 gross indoor areas, all in spacious plots from 1,500 m2 to 3,000m2. Located just a few meters from the beach or nestled among verdant olive groves, the villas offer unobstructed views of the Ionian Sea for life. Navarino Residences were named “Best International Residential Development 2017-2018” at the International Property Awards. Costa Navarino’s philosophy is driven by a genuine desire to promote Messinia, while protecting and preserving its natural beauty and heritage. Costa Navarino adheres to strict environmental protection guidelines and management principles, recognizing the significant contribution of a pristine natural environment to the development of a sustainable tourism product. Costa Navarino was awarded “Best Sustainable Destination” in 2014, by the World Travel & Tourism Council’s Tourism for Tomorrow Awards, highlighting the position of the destination as a global leader in sustainable practices. TEMES has developed several environmental programs in cooperation with the University of Stockholm, the Academy of Athens and environmental NGOs. In 2016, Home Holdings, whose shareholders are TEMES and D-Marine Investments Holding B.V., concluded the acquisition of a majority stake in the share capital of Ionian Hotel Enterprises S.A., owning company of Hilton Athens.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
TEMES S.A. 2015 43,502,881.00 € -13,408,228.00 € -101,641.00 € 340,776,506.00 € 162,591,622.00 €
2016 Change (%) 42,726,125.00 € -1.8 20,001,306.00 € 675,058.00 € 393,693,440.00 € 15.5 155,422,376.00 € -4.4
DIAMONDS OF THE GREEK ECONOMY
2018
Rent-a-Car Services Commercial Turnover 163,191,000.00 €
PROFIT BEFORE TAXES 19,354,000.00 €
OLYMPIC S.A. (AVIS)
Growth continues in 2017
Avis (OLYMPIC Commercial and Tourist Enterprises SA) is the largest car rental company and subsidiary of the Piraeus Bank Group, which has been active in Greece since 1960. Around the world, the firm operates in 160 countries with more than 5,450 rental stations, and serves more than 6.0 million customers a year. The Company operates in the field of vehicle hiring, and has two main activities: shortand long-term leases. Short-term leases are targeted at individuals and companies to meet their casual needs for short periods of time. The industry has a strong seasonality due to increased demand for short-term rentals during the summer. Short-term leases are served by a nationwide network of 69 rental stations, of which 50 are owned by the Company and the remaining 19 are owned by dealers. Long-term lease is targeted at companies and professionals to meet long-term needs of more than one year. With an expanded network of 69 car rental stations and a fleet of 31,000 cars, Avis is a leader in the Greek market, covering rental needs in the fields of Rent-a-Car and Leasing, while it also specializes in sales of used cars, financing car dealers, and in its new “Van 4U” leasing service for trucks up to 3.5 tons. In 2009, the company fully merged with Piraeus Best Leasing, while in 2010 it absorbed Piraeus Multifinancial Leasing. At the same time, Avis acquired the master franchise of Avis Rent-a-Car and Budget Rent-a-Car for the whole of Greece. In 2017, long-term lease contracts rose 3%, with the number of customers increasing 11%, despite the shifting demand to cars of lower value (and therefore lower revenue per car), leading to an increase in sales by 3% (including Leasing). Sales for 2017 increased by 4.1% to €169 million from €163.1 million the previous year. EBITDA inched up to €77.3 million against €76.2 million, up 1.44%. Finally, pre-tax earnings amounted to €19.1 million against €19.3 million in 2016.
Contact details 50Α Vas. Georgiou Ave., Chalandri 15233, Athens, Greece Tel.: +30 2106879800 Fax: +30 2106879672 Email: contact@avis.gr Website: http://www.avis.gr/
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
OLYMPIC S.A. (AVIS) 2015 2016 Change (%) 152,282,000.00 € 163,191,000.00 € 7.2 13,682,000.00 € 19,354,000.00 € 41.5 41,879,000.00 € 48,202,000.00 € 15.1 87,034,000.00 € 97,672,000.00 € 12.2 334,785,000.00 € 343,894,000.00 € 2.7
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DIAMONDS OF THE GREEK ECONOMY
2018
Transportation Services Commercial Turnover 145,493,974.00 €
PROFIT BEFORE TAXES 19,346,771.00 €
Kentriki Odos S.A.
Providing safe and faster transportation conditions
Odos Kentrikis Ellados or Kentriki Odos is the Concession Company which has undertaken the study, design, construction, operation, exploitation and maintenance of the “Aftokinitodromos Kentrikis Ellados S.A. – E65” Concession Project. Kentriki Odos, with the GEK TERNA, Ferrovial and ACS Group as shareholders combines know-how, experience and expertise along with a comprehensive knowledge of the Greek reality. Having undertaken an inspired project of a total budget of about 1.4 billion Euros, Kentriki Odos aims to create modern and safe motorways of European standards that will contribute to national economic development, will safeguard environmental protection and will upgrade the quality of life of society at large. The primary objective is to provide safe and faster transportation conditions as well as high quality services to all Greek citizens. E65 motorway disposes the necessary capacity of a modern 2-lane motorway in each direction and crosses the plain of Fthiotida, the Othrys mountain, the Thessaly plain and Penaeus river passing near the city of Karditsa, Trikala, Kalampaka to the foothills of Antichassia, Ion river and mountains of Chasia to be eventually connected with Egnatia Odos in the forest area of Pindos. This is one of the most important national projects of particular strategic importance for the development of the country and the region, entirely constructed on new alignment and actually connects Eastern Greece to Western Greece. The design is based on contemporary national and European standards, with respect to the natural and human environment, aiming at safety and ease of users and to ensure maximum time and fuel saving. Worth mentioning is that, upon completion of the construction works, the journey from Lamia to Egnatia will take 1 hour and 30 minutes instead of 2 hours and 30 minutes today. Upon completion of the construction period, a contemporary and safe motorway of international standards will be available to Greek drivers. The benefits to be offered are the following: Safety improvement and risk elimination, Minimize the required travel time, High-Standard Customer Services, Enhanced environmental protection and Enhanced growth prospects and employment opportunities. Kentriki Odos’s top priority is to implement the Concession Project in a technically sound, timely and effective way. For this reason, the company has developed and implements a Quality Management System (QMS) in accordance with the ISO 9001:2008 International Standard.
Contact details 19 Neas Erythraias Ave., 146 71 Nea Erythraia, Athens, Greece Tel: +30 210 3447300 Fax: +30 210 6178011 Email: info@kentrikiodos.gr Website: http://www.kentrikiodos.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Kentriki Odos S.A. 2015 121,102,955.00 € 2,326,526.00 € 4,227,476.00 € 97,433,880.00 € 414,332,565.00 €
2016 Change (%) 145,493,974.00 € 20.1 19,346,771.00 € 731.6 17,365,789.00 € 310.8 111,160,637.00 € 14.1 411,431,831.00 € -0.7
DIAMONDS OF THE GREEK ECONOMY
2018
Energy Commercial Turnover 107,433,000.00 €
PROFIT BEFORE TAXES 18,726,000.00 €
TERNA ENERGY S.A.
Building up presence in the US
TERNA ENERGY, a member of GEK TERNA Group of Companies, was incorporated in 1997 as a subsidiary of TERNA S.A. The first wind park began operation in 2000, with an installed capacity of 11.22 MW. In the following years, the installed capacity of our wind parks increased rapidly as we continued to expand our wind park portfolio in Greece. In addition, since 2011, TERNA ENERGY has been operating wind farms in Poland, Bulgaria and USA. The company already owns and operates wind farms in several regions in Greece since 1997. Also, the company is operating, constructing or evaluating wind farms in South-Eastern and Central Europe (Poland, Bulgaria, etc), while, since 2011 we have expanded our activity to the US. At the same time, the company is present in the markets of MENA. TERNA ENERGY is also developing a number of small and large hydroelectric projects in various regions of Greece. In 2006, the company started the construction of the first two small hydroelectric projects with a total installed capacity of 18 MW. Both of them are now in operation (Eleousa: 6.6 MW, Dafnozonara: 11.2 MW). TERNA ENERGY owns, operates, constructs and/ or evaluates photovoltaic plants in several regions around Greece. The firm is also active in more complex power schemes, such as Hybrid Power Systems for Pumped Storage. Further, TERNA ENERGY has been selected as an IPP for 25 years of a Hybrid Station in Crete of guaranteed capacity 50 MW, combined with a Wind Farm of 89 MW. In its consolidated 2017 results, the firm reported a rise in sales to €276.5 million compared to €225 million a year earlier, and also a rise in EBITDA to €147.5 million against €115.8 million in 2016. In fiscal year 2017, 80.1% of sales came from the Greek market, 10.8% from Eastern Europe and 9.1% from the US. At product level, 62.6% of sales came from Energy from RES, 18.5% from Concessions e-tickets, 14% from construction and 4.9% from power trading. In 2018, the company completed a $250 million investment in the construction of the Fluvanna I Wind Park in Scurry County, Texas. The wind park consists of 74 wind turbines with a total output of 155.4 MW. As a result, Terna Energy, a member of GEK TERNA group, now has an installed capacity of 293 MW in the US.
Contact details 85, Mesogeion Ave., 11526 Athens, Greece Tel.: +30 210 6968300 Fax: +30 210 6968096 Email: info@terna-energy.com Website: http://www.terna-energy.com
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
TERNA ENERGY S.A. 2015 2016 Change (%) 91,746,000.00 € 107,433,000.00 € 17.1 3,097,000.00 € 18,726,000.00 € 504.6 20,642,000.00 € 27,700,000.00 € 34.2 306,969,000.00 € 306,418,000.00 € -0.2 205,694,000.00 € 252,211,000.00 € 22.6
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DIAMONDS OF THE GREEK ECONOMY
2018
PHARMACEUTICALS Industrial Turnover 136,328,806.00 €
PROFIT BEFORE TAXES 17,883,633.00 €
DEMO S.A. - Leading Quality in injectables worldwide
Dimitrios Demos, Vice President
Contact details 21st km Athens-Lamia National Road, 14568, Krioneri, Attica Tel.: +30 210 8161802 Fax: +30 210 8161587 E-mail: info@demo.gr Website: http://www.demo.gr/
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DEMO S.A. is one of the major pharmaceutical manufacturers in Greece with a very strong presence in the hospital market, ranking first among all the Greek pharmaceutical companies in terms of units sold. Company’s product portfolio includes injectable generic pharmaceutical formulations of all forms, such as Liquid injectables in glass ampoules, vials and bottles, sterile powders and freeze-dried formulations, Lyophilised products, Emulsions, Penems, Penicillins, and Cephalosporins). DEMO is currently active in 96 countries, including countries in Europe, Asia, Africa, Latin America, Oceania and the Mid East. Cutting edge production facilities allow the firm to offer services such as: ● Worldwide distribution opportunities ● Out-licensing services ● Contract manufacturing operations. DEMO intends to maintain its leading position in the Greek pharmaceutical industry while further establishing its role as one of the top manufacturing companies worldwide. The modern and fully equipped manufacturing premises, the advanced technologies that it has adopted, the constant product portfolio expansion and the international presence are the means to the end. Therefore, DEMO invested heavily in the creation and sourcing of a state-of-the-art Research & Development laboratory which
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spans more than, 1.500 m2, equipped with the latest instruments and staffed with the top graduates of the Universities. Under the supervision of highly qualified researchers – most of who own PhD degrees from the most acclaimed universities in Europe – the R&D lab represents the company’s launching pad for the future! Company’s International Sales Division has a long history of successful participation in international tenders procured by the most accredited organizations worldwide. Today, it has a global sales network with its own products in 85 countries, including countries in Europe, Asia, Africa, Latin America, Oceania, Middle East with a significant mar-
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ket share in many of them. Since the end of 2013, it has presence in Germany through the subsidiary DEMO Pharmaceuticals GmbH with headquarters in Munich. Additionally, DEMO already operates a branch office in China, while the operation of 7 more branch offices in other foreign countries is included among its immediate goals. The global operation of DEMO has led the company to export 82% of its produced units while it is worth noting that is internationally recognized being one of the official suppliers of pharmaceutical products of the United Nations, UNICEF, MSF, Red Cross and World Health Organization. 870 people are employed in DEMO. Since 2014 the company has created more than 250 new jobs at all levels, giving opportunities to both young and senior scientists, experts, and workers. 54% of its’ workforce are men and 46% women; 61% is under 40 years old, and one out of three have more than 8 years of experience in their field. DEMO places strong emphasis on the attraction, retention, development and professional advancement of employees at all levels. Many employees have started their career as interns and have steadily grown to senior positions. Finally, DEMO S.A has a very completed Corporate Responsibility Program which is based on 4 pillars: Environment, Ethical Marketing, Employees and Society, focused on children and vulnerable population groups.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
DEMO S.A. 2015 123,333,187.00 € 18,984,548.00 € 53,138,407.00 € 70,892,612.00 € 133,953,853.00 €
2016 136,328,806.00 € 17,883,633.00 € 54,769,397.00 € 82,825,392.00 € 132,403,754.00 €
Change (%) 10.5 -5.8 3.1 16.8 -1.2
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DIAMONDS OF THE GREEK ECONOMY
2018
Petroleum Products Commercial Turnover 194,761,433.00 €
PROFIT BEFORE TAXES 17,046,340.00 €
BP OIL HELLENIC SA
A leader in Greece’s lubricant industry
Spyros Michalakakis, President and CEO
BP has been an active supporter of the Greek economy since 1951 and is nowadays one of the leading companies in the domestic market. BP Oil Hellenic markets a full range of automotive and industrial lubricants through Castrol and BP brands in Greece and other Balkan countries. Marine Lubricants supplies customers with products in 12 ports around Greece, while Air BP sells aviation fuel at 22 international and general aviation airports throughout the country. Lubricant sales have the leading position in Greece in both automotive and industrial markets. Their OEMs partnerships provide customers with the most improved high-performance lubricant superbrands that ensure cost efficiency. Currently, Castrol has strong partnerships with Aston Martin, Ford, Seat, Skoda, VW-Audi, Husqvarna, Jaguar, Komatsu, Land Rover, MAN, Triumph and Volvo. BP has also licensed the use of its brand on retail sites to Hellenic Petroleum under a brand licensing agreement. The partnership has progressed even further with the sales of automotive BP and Castrol lubricants through over 2000 gas stations across the country. BP is committed to maximizing value for customers through a mutually beneficial relationship founded on world-class products and services. All activities are certified by ISO 9001/2008, ISO 14001/2004 and OHSAS 18001/2007. BP Oil Hellenic head office is located in Athens while there is also an office strategically located in Piraeus port to serve marine customers’ needs. All offices have extensive recycling programs in place, alongside procedures to reduce energy consumption for the company’s own operations. Such programs and procedures support both the local communities and the society as a whole. They aim to make a difference with both business-related and educational projects, including road safety initiatives for children and various educational and cultural programs for schools.
BP primary signature Full-colour For uncoated paper, light background, CMYK Colour
Contact details 26 Kifissias Ave. & 2 Paradisou St., 151 25 Marousi, Attica, Greece Tel.: +30 2106887777 Fax: +30 2106887697 E-mail: infobphellenic@bp.com Website: www.bp.com
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
BP OIL HELLENIC SA 2015 2016 Change (%) 198,388,632.00 € 194,761,433.00 € -1.8 7,189,680.00 € 17,046,340.00 € 137.1 22,593,723.00 € 32,212,412.00 € 42.6 31,020,516.00 € 37,202,134.00 € 19.9 28,930,281.00 € 33,185,858.00 € 14.7
DIAMONDS OF THE GREEK ECONOMY
2018
Cosmetic Products Commercial Turnover 129,999,910.00 €
PROFIT BEFORE TAXES 16,299,802.00 €
L’OREAL HELLAS S.A.
World leader in the beauty market
Mehdi Κhoubbane, CEO, L’Oréal Hellas
L’Oréal is the number one company in the world of cosmetics worldwide, enjoying a leading position in the hairdressing sector in Greece. The firm’s ‘representatives’ include some of the biggest female international stars. The France-based firm’s presence spans some 150 countries, having at its core a philosophy of innovation and offering the best products at best prices to as many consumers possible. The group remains at the top of the global cosmetics market, employing a staff of 82,600. The firm’s source of inspiration includes several global symbols from the world of arts, fashion and beauty, as well as passionate and talented people, men and women of all ages and backgrounds. L’Oréal researchers use the latest scientific discoveries to develop exclusive, innovative and safe products, whose use is understandable by all. The firm’s mission is to make scientific innovations accessible to everyone. It is the undisputed leader in the fragrances and cosmetics industry, offering a wide range of popular products, enjoying a market share of over 25%. In Greece, L’Oréal products appeared in the mid-1930s, and 40 years later the French group decided to establish a subsidiary in Greece. L’Oréal Hellas operates four distribution channels for cosmetics: hair salons, pharmacies, selective and wide distribution. Its Avlona-based Logistics Center processes 190,000 orders and 13,000 codes per year. In 2017, L’Oréal posted sales of 26.02 billion euros, of which 31.2% came from Western Europe and 28.3% from the North American market. New markets (Asia-Pacific, Latin America, Eastern Europe, Africa-Middle East) account for 40.5% of sales. Consumer products account for 46.6% of sales, followed by L’Oréal Luxe products with 32.5%, professional products with 12.9% and active cosmetics with 8%. More specifically, skin care products account for 29.3% of sales, followed by make-up products (27.9%), hair products (17.2%), hair dyes (11.8%), perfumes (9.2%) and other products (4.3%).
Contact details 39Α Ethnikis Antistaseos Ave., 142 34 Nea Ionia, Attica, Greece Τel.: +30 210 6188400 Fax: +30 210 6108212 Website: www.lorealparis.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
L’OREAL HELLAS S.A. 2015 2016 Change (%) 119,439,867.00 € 129,999,910.00 € 8.8 14,437,229.00 € 16,299,802.00 € 12.9 85,661,796.00 € 92,091,782.00 € 7.5 24,531,235.00 € 22,425,967.00 € -8.6 32,428,817.00 € 34,985,147.00 € 7.9
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DIAMONDS OF THE GREEK ECONOMY
2018
Cosmetics Industrial Turnover 2017 343,156,320.00 €
PROFIT BEFORE TAXES 2017 34,665,574.00 €
SARANTIS GROUP
A bright example of business excellence and growth through investments
Kyriakos Sarantis –CEO and Vice-Chairman
Contact details 26 Amarousiou-Halandriou Ave., 151 25, Athens Tel.: +30 210 61 73 000 Fax: +30 210 61 97 124 Website: http://www.sarantisgroup.com/en/
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Sarantis Group is a Greek multinational with presence through subsidiaries in Europe and significant export activity worldwide. With more than 50 years of operation in Greece, Sarantis has become one of the most important suppliers in the FMCG market. In spite of difficulties in the business and financial environment, the firm has an impressive track record of doubledigit earnings growth rates and manages to generate liquidity and net cash flow, thus fueling its growth and financing its investment plans. The year 2017 has been another successful year for the Group, as deep knowledge of the market, modern consumer trends and needs, as well as new product launches supported by an effective communication plan, contribute to strengthening the Group’s presence in the distribution channels. In 2017, the Group posted sales of €343 million, EBITDA of €40 million, up 10% compared to the previous financial year, and net profit surged 27% to €28.6 million. The Group’s product portfolio includes over 80 well-known brands that are milestones in their class. NOXZEMA, CARROTEN, BIOTEN, ORZENE, STR8, BU, C-THRU, PROSAR, SANITAS, AVA, TEZA, PYROX, CAMEL and AFROSO are some of the firm’s own products, highly recognizable and with significant market shares. Moreover, through exclusive distribution agreements, the Group markets strong brands, such as LA PRAIRIE, PRADA, NINA RICCI, CARTIER, CAROLINA HERRERA, TRUSSARDI, JEAN PAUL GAULTIER, etc. The Group’s product portfolio also includes ESTEE LAUDER products through a joint venture between Sarantis and ESTEE LAUDER COMPANIES. The Group’s Health and Care Division is active in the field of vitamins, dietary supplements, diagnostics and cosmetics, and represents and produces major brands with leading positions, such as LANES, BIO OIL, CLEARBLUE, PIC, SOLENE, and ORTIS. The primary objective of the Health and Care Division is to continuously strengthen the leading position in its strategic categories of activity through brand upgrading, end-user investment, pharmacist and specialist training, and development of the point of sale. The Group’s international activities include 12 subsidiaries in Europe: Poland, Romania, Bulgaria, Serbia, Czech Republic, Slovakia, Hungary, FYROM, Bosnia and Herzegovina, Portugal, Ukraine and Russia, while exports span to more than 35 countries. The Group’s strategic priorities focus on developing new products, expanding geographically, increasing economies of scale, balancing costs, exploring acquisitions that can provide added value, and re-investing in high-yielding activities. In this context, the Group in early 2018 concluded two acquisitions: INDULONA cosmetics with a significant presence in Slovakia and the Czech Republic and ERGOPACK, a producer and distributor of household products with activities in the markets of the Ukraine, Russia and neighboring CIS countries through which the Group makes its entry into a new, promising geographic territory.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SARANTIS GROUP 2016 329,017,646.00 € 28,835,072.00 € 152,633,548.00 € 184,033,979.00 € 98,724,158.00 €
2017 Change (%) 343,156,320.00 € 4.3 34,665,574.00 € 20.2 159,955,659.00 € 4.8 201,435,168.00 € 9.5 104,916,908.00 € 6.3
DIAMONDS OF THE GREEK ECONOMY
2018
Chemical Products Industrial Turnover 59,734,382.00 €
PROFIT BEFORE TAXES 15,067,554.00 €
Dow Hellas S.A.
Operating in Greece since 1960
Despina Anastasiou, Regional President Dow Central Europe
The Dow Chemical Company (Dow) combines science and technology knowledge to develop premier materials science solutions that are essential to human progress. Dow has one of the strongest and broadest toolkits in the industry, with robust technology, asset integration, scale and competitive capabilities that enable it to address complex global issues. Dow’s market-driven, industry-leading portfolio of advanced materials, industrial intermediates and plastics businesses deliver a broad range of differentiated technologybased products and solutions for customers in high-growth markets, such as packaging, infrastructure and consumer care. Dow is a subsidiary of DowDuPont (NYSE: DWDP), a holding company comprised of Dow and DuPont with the intent to form three strong, independent, publicly traded companies in agriculture, materials science and specialty sectors. More information can be found at www.dow.com. Dow Hellas, a subsidiary of The Dow Chemical Company, was established in Greece in 1960 with the construction of a polystyrene manufacturing facility at Lavrion, southeastern Attica. The company supplies regional customers with a diverse range of basic and specialty raw materials, plastics and chemicals for Packaging, Transportation, Infrastructure and Consumer Care. Operations in Greece include commercial offices, laboratories and manufacturing lines for the production of polystyrene, STYROFOAM™ and XENERGY™, thermal insulation solutions for the construction industry. 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, and in 2005 was certified for environmental protection procedures as stipulated by EMAS ISO-14001. The company played a leading and defining role in introducing Responsible Care to Greece in the early 90’s, and with the recent launch of the Sustainability Goals 2025, it remains committed to applying science expertise to create sustainable solutions to some of the world’s greatest challenges. Dow Hellas was ranked in the “Business Leaders of Greece” and also featured in the “Diamonds of the Greek Economy 2017” as a company that is “Capturing Value and Delivering Superior Performance”. In 2017, Dow Hellas was also awarded best place to work by the Top Employers Institute.
Contact details Thoriko (P.O. Box 47), Lavrion, Attica, Greece Tel.: +30 2292062200 Fax: +30 2292060602 Website: www.dow.com https://www.facebook.com/TheDowChemicalCompany https://www.facebook.com/DowEurope https://www.twitter.com/DowChemical https://www.linkedin.com/company/dow-chemical
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Dow Hellas S.A. 2015 59,739,367.00 € 10,622,104.00 € 14,612,363.00 € 20,690,480.00 € 10,460,887.00 €
2016 Change (%) 59,734,382.00 € 0.0 15,067,554.00 € 41.9 20,148,896.00 € 37.9 23,929,552.00 € 15.7 11,104,874.00 € 6.2
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DIAMONDS OF THE GREEK ECONOMY
2018
AGROINVEST SA
Integrated operations in agribusiness, food & bioenergy
Food Products Industrial Turnover 101,632,517.00 €
PROFIT BEFORE TAXES 15,063,851.00 €
Contact details 517 Vouliagmenis Ave., 16341 Ilioupoli, Attica, Greece Tel.: +30 210 48 12 280 Fax: +30 210 48 26 576 Email: contact@agroinvest.gr Website: www.agroinvest.gr
Agroinvest SA is a sustainable food and fuels producer, operating a number of integrated businesses through its industrial complex in Greece. The firm engages in: trading agricultural raw materials, crushing oilseeds to make protein meals and edible seed oils, producing biodiesel and glycerine, producing fish feed and operating fish farms and producing compound feed for livestock farms. The privately operated, Panamax-capable port and vast storage facilities, allow for the convenient procurement and storage of raw materials and finished products. Notably, the company holds the largest proportion of biodiesel allocation for 2017, with a share of 23.76% and a quantity of biodiesel alone at 31,360 kiloliters. More specifically, the firm offers the following products: protein rich meals, vegetable, acid & esterified oils, biodiesel & glycerine, fish feed, Mediterranean fish, animal feed and wheat flour. Agroinvest operates three chemical labs on a 24-hour basis, constantly performing analyses using stateof-the-art testing equipment. Always adhering to international standards and best practises, we enhance our work by cooperating with a large network of third-party certified laboratories.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
AGROINVEST S.A. 2015 2016 Change (%) 94,546,298.00 € 101,632,517.00 € 7.5 8,168,251.00 € 15,063,851.00 € 84.4 20,251,150.00 € 22,697,368.00 € 12.1 80,791,770.00 € 91,323,506.00 € 13.0 42,149,377.00 € 26,913,849.00 € -36.1
PPC RENEWABLES S.A. Renewable Energy Sources
Advanced knowhow in RES for decades Energy Industrial
Turnover 30,813,956.00 €
PROFIT BEFORE TAXES 14,862,386.00 €
Contact details 3 Kapodistriou St., 153 43, Agia Paraskevi, Attica, Greece Tel.: +30 211 2118000 Fax: +30 211 2118089 E-mail: info@ppcr.gr Website: http://www.ppcr.gr
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PPC Renewables SA (PPCR), is a wholly-owned subsidiary of the Public Power Corporation SA (PPC), Greece’s largest power generation company. In 2006, PPCR inherited all Renewable Energy Source (RES) related activities (wind, small hydroelectric, solar and geothermal) from PPC, including all of its technological innovation, know-how and expertise in the field of power generation. The company owns 20 Wind Farms, 17 Small Hydro and 28 Photovoltaic Power Plants, of a total installed capacity of 153 MW. The company is involved in all RES-related projects, currently realizing an ambitious expansion plan with new and repowering wind projects, as well as in Geothermal and Biomass and hybrid power plants pipeline. PPC Renewables generates electricity with no adverse impact on the environment, with an overall pipeline of projects in different stages of development amounting more than 330MW. The company encompasses huge know-how on the field of renewables with experience in demo projects dating back to the early 80s, when the Department of Alternative Energy Forms was founded by the parent company PPC. The department was responsible for tracking, recording and studying the country’s wind, solar and geothermal potential, as well as other alternative sources for the generation of electric power, for experimental or commercial utilization, and their integration into the PPC energy production plan. In 2017, the renewable energy company posted total sales of €25.9 million, compared to €30.8 million a year earlier. Pre-tax earnings plunged to €4.7 million from €14.8 million in 2016. EBITDA also dropped to €15.2 million compared to €19.9 million on-year. Power generation in 2017 was 257.505 MWh compared to 308.480 MWh in 2016. The firm’s average capacity factor in 2017 was 24.3%, while the capacity factor for Wind Parks was 25.0%, Small Hydroelectric Stations 23.7% and Photovoltaics 16.6%.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PPC RENEWABLES S.A. 2015 2016 Change (%) 28,199,599.00 € 30,813,956.00 € 9.3 16,611,785.00 € 14,862,386.00 € -10.5 13,193,628.00 € 13,561,078.00 € 2.8 218,306,189.00 € 224,620,766.00 € 2.9 46,092,588.00 € 41,075,057.00 € -10.9
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DIAMONDS OF THE GREEK ECONOMY
2018
Energy Industrial Turnover 56,850,867.00 €
PROFIT BEFORE TAXES 15,001,491.00 €
ATTIKI NATURAL GAS DISTRIBUTION S.A.
Attica’s natural gas supplier
Demetrios Papacostas, General Manager
Contact details 11 Sof. Venizelou Ave. & Serron St., 14123 Lykovrysi, Athens, Greece Tel.: +30 213-0882000 / 11322 Fax: +30 213-0882020 E-mail: info@edaattikis.gr Website: www.edaattikis.gr
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Attiki Natural Gas Distributor Company (EDA Attikis S.A.) acts as the single operator of the Natural Gas Distribution Network in Attica prefecture (within the geographical area defined by Ministerial Decision No. D1 / 18887 / 6.11.2001). As of 1st January 2017, and in accordance with the provisions of Law 4001/2011, EDA Attikis has now unbundled from the gas retail trade and is solely responsible for the natural gas network that extends to consumer premises. EDA Attikis is responsible for activities related to the planning, promotion, study, design, construction, maintenance, expansion, operation, development and management of the Natural Gas Distribution Network within the aforementioned geographical area of Attica. Apart from its technical activities, EDA Attikis is also responsible for providing information and education to the public regarding energy saving services. To date, natural gas distribution network in Attica extends to 3,400 km (medium / low pressure network), supplies 65 municipalities in Attica, lists 70,000 deliveries to 110,000 delivery points (meters) serving 6,500 commercial users, 200 industrial customers buildings / facilities) and finally reaches 350,000 end customers. EDA Attikis aims to inform and familiarize consumers with the most eco-friendly fuel, to increase existing network density with more connections and to expand its network in areas with high consumer demand. Study, design and installation of pipeline network and relevant infrastructures is directed for optimal customer service, who, as a result of the opening of the natural gas market, are showing increasing interest in natural gas. Network supervision is uninterrupted (24/7) and the welltrained technicians of EDA Attikis guarantee the safety of infrastructure and connections. Thus, more and more households and professionals enjoy the benefits of natural gas through modern infrastructure, secure installations, costeffective applications and economic solutions. EDA Attikis is reliable and responsible, with technologically advanced infrastructure and services complying with the values and ethics of sustainable development.
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ATTIKI NATURAL GAS DISTRIBUTION S.A. 2015 2016 66,967,875.00 € 56,850,867.00 € 25,572,926.00 € 15,001,491.00 € 33,741,372.00 € 23,521,198.00 € 294,434,086.00 € 280,845,757.00 € 73,900,622.00 € 32,940,994.00 €
Change (%) -15.1 -41.3 -30.3 -4.6 -55.4
ATTIKI NATURAL GAS DISTRIBUTION COMPANY S.A.
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DIAMONDS OF THE GREEK ECONOMY
2018
BEVERAGES Industrial Turnover 135,934,244.00 €
PROFIT BEFORE TAXES 6,779,159.00 €
EPIROTIC BOTTLING INDUSTRY (VIKOS) SA
Continuing to invest and grow
Petros Sepetas, Chairman & Managing Director
Contact details 2 Hadji Pelleren St., 452 21, Ioannina, Greece Τel: +30 26510 61951 Fax: +30 26510 61363 E-mail: info@vikoswater.gr Website: www.vikoswater.gr
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Founded in 1990, VIKOS SA ranks as one of the most renowned companies in the bottled water market. The firm began bottling natural mineral water from a pristine source in the Vikos area of northwestern Greece and distributing it to local and foreign markets. It has maintaining a role as a key supplier to major supermarket chains. The company has grown over the years and now pumps from four water sources. It operates three ultra-modern factories. Two of them are located in the renowned Zagorochoria region, protected for its natural beauty, produce bottled water and soft drinks. The company’s third plant, Petcom Plastics, located in the Ioannina Industrial Area, produces preform bottles and plastic caps for the bottled water market and beverage industry. The company employs a staff of more than 250, while its privatelyowned facilities cover a total floor space of 37,500 sqm. The production facilities operate nine state-ofthe-art production lines, capable of delivering 210,000 liters per hour. The company operates its own logistics centers in Athens and Thessaloniki in order to offer effective customer services and ensure that it can fully meet demand by partners. The “Vikos” and “Zagorohoria” sources are certified as Natural Mineral Water sources. The water drawn from these sources is bottled using the most technologically advanced equipment, without any human intervention or other processing techniques, from the pumping stage to the final consumer. Within two decades, the company has climbed to the top of the bottled water industry, in spite of the tough economic conditions currently prevailing in Greece. Despite the ongoing deep recession in Greece, Vikos has continued to invest and grow. The company’s enthusiastic drive for creativity challenges it to pursue new projects. Over the next few months, the company plans to introduce a new series of soft drinks under the “Vikos” brand name. As the firm places special emphasis on quality, it holds a number of quality certificates, such as: Lloyd’s Register, ISO 9001/2008, HACCP, ISO 14001/2004 and IFS (version 6). In addition, in terms of microbiological controls, during 2014 and 2015, 61,467 and 61,467 water samples were collected and tested, respectively. The total cost for safety and quality control in 2014 amounted to €377,435 and in 2015 it stood at €347,026.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
EPIROTIC BOTTLING INDUSTRY (VIKOS) SA 2015 2016 Change (%) 64.231.632,00 € 67.721.356,00 € 5,4 11.948.613,00 € 14.555.166,00 € 21,8 29.917.045,00 € 33.135.298,00 € 10,8 74.256.996,00 € 72.840.985,00 € -1,9 22.326.314,00 € 27.087.520,00 € 21,3
DIAMONDS OF THE GREEK ECONOMY
2018
EL.TECH. ANEMOS S.A.
Leading the RES power generation Energy Commercial
Turnover 42,464,603.00 €
PROFIT BEFORE TAXES 14,538,854.00 €
Contact details 25 Ermou St., 14564 Kifisia, Athens, Greece Tel: +30 210 8184600 Fax: +30 210 8184601 Εmail: info@eltechanemos.gr Website: http://www.eltechanemos.gr
The ELLAKTOR Group of companies (former ELLINIKI TECHNODOMIKI TEV S.A.) established project companies in 2000 and entered the shareholder structure of other companies that had been active in the area of RES already in 1997. One of these companies, TETRAPOLIS AIOLIKA PARKA S.A., absorbed project companies and, following share capital increases, its current shareholder structure was formed in March 2008. Further, during the same period, TETRAPOLIS AIOLIKA PARKA SA was renamed to ELLINIKI TECHNODOMIKI ANEMOS SA. Nowadays ELLINIKI TECHNODOMIKI ANEMOS (“ANEMOS”) is one of the leading electricity generators from Renewable Energy Sources (“RES”) in Greece with a strong focus on wind energy. The utilization of wind energy through the construction of wind farms is one of the most significant means to generate energy and the exploitation of wind potential, a critical factor in the shaping of the future energy needs of the planet. EL. TECH. Anemos has all the necessary experience and know-how on the development, construction, operation and maintenance of wind farms since it is very active in this area, with a wide range of wind farms throughout Greece. Currently the company has 208 MW in operation and another 57 MW under construction. The Group in 2017 reported revenue of €49.68m versus €45.19m a year earlier, up 9.9%, while EBITDA amounted to €33.37m compared to €31.29, increased by 6.7%. At company level, turnover rose to €47.7m in 2017 compared to €42.4m in 2016. EBIDTA rose to €31m against €30m the previous year, while pre-tax earnings dropped to €11.3m from €14.5 million in 2016.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
EL.TECH. ANEMOS S.A. 2015 2016 Change (%) 37,161,089.00 € 42,464,603.00 € 14.3 11,373,737.00 € 14,538,854.00 € 27.8 19,945,856.00 € 21,987,020.00 € 10.2 125,626,793.00 € 135,938,597.00 € 8.2 197,208,944.00 € 210,250,107.00 € 6.6
PUBLIC PROPERTIES COMPANY S.A.
High profitability in 2016 for the real estate management company
Services Commercial
Turnover 46,590,214.00 €
PROFIT BEFORE TAXES 14,398,360.00 €
Contact details 7 Voulis St., Athens 10562, Greece Tel : +30 210 3339416 Fax: +30 210 3339507 Email: info@etasa.gr Website: http://www.etasa.gr
Public Properties Company (ETAD) is a public limited company with the purpose of managing, developing, exploiting and utilizing the private real estate properties of the State. The Company is 100% owned by Hellenic Corporation of Assets and Participations (EESP) SA, which does not belong to the public sector. ETAD manages a real estate portfolio comprising 277 tourist properties in Greece, with a significant variety including the former Xenia hotels, Marinas, Camping sites, Golf, Ski Resorts, Museums, Caves, Tourist Stands, Hot Springs and major tourism development areas, 12 Olympic Properties, as well as some 71,000 real estate titles of the Greek state’s private property. The firm’s priority is the management and exploitation of real estate portfolio with modern financial instruments, in accordance with the objectives and priorities of the country’s growth policy, contributing to the development of the economy, tourism and local communities. The Company’s intention is to attract private investment and to promote public-private partnerships, with a view to protecting the environment and working with local communities.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PUBLIC PROPERTIES COMPANY S.A. 2015 2016 Change (%) 37,748,293.00 € 46,590,214.00 € 23.4 -40,331,736.00 € 14,398,360.00 € 23,344,806.00 € 31,606,798.00 € 35.4 263,174,421.00 € 421,371,872.00 € 60.1 347,335,866.00 € 306,246,129.00 € -11.8
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DIAMONDS OF THE GREEK ECONOMY
2018
MOBILITY Services Commercial Turnover 86,209,598.00 €
PROFIT BEFORE TAXES 14,169,544.00 €
LeasePlan Hellas SA
Delivering ‘Any car, Anytime, Anywhere’
LeasePlan is one of the world’s leading Car-as-a-Service companies, with 1.8 million vehicles under management in over 30 countries. LeasePlan manages the entire vehicle lifecycle for its corporate, SME, mobility provider and private customers, taking care of everything from purchasing, insurance and maintenance to car resale. Our core businesses are Car-as-a-Service for new cars, a EUR 68billion market, and CarNext. com, an independent marketplace for flexible used-car mobility solutions, serving a EUR 65billion market. With over 50 years’ experience, our strategy is to lead the megatrend from ownership to usership taking place in both the new and high quality used car markets. Our mission is to provide what’s next in mobility via an ‘any car, anytime, anywhere’ service so our customers can focus on what’s next for them. Find out more at www.leaseplan.gr
Contact details 17 A. Papandreou St, 15124, Maroussi, Attica, Greece Tel: +30 210 6898760 Fax: +30 210 6825665 Ε-mail: info@leaseplan.gr Website: www.leaseplan.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
LEASEPLAN HELLAS SA 2015 2016 Change (%) 69,389,009.00 € 86,209,598.00 € 24.2 10,616,544.00 € 14,169,544.00 € 33.5 11,974,731.00 € 16,847,001.00 € 40.7 66,006,337.00 € 75,879,291.00 € 15.0 127,189,576.00 € 165,744,556.00 € 30.3
DIAMONDS OF THE GREEK ECONOMY
2018
ENERGY Commercial Turnover 2,019,842,000.00 €
PROFIT BEFORE TAXES 13,845,000.00 €
HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR SA
Strategic investments valued at €2.5b
Nikolaos Chatziargyriou, Chairman & CEO, HEDNO S.A.
Contact details 20 Perrraivou St. & 5 Kallirrois St., 117 43 Athens, Attica, Greece Tel.: +30 210 9281600 Fax: +30 210 9281698 Ε-mail: infodeddie@deddie.gr Website: www.deddie.gr
HEDNO SA was established in 2012 after a spin-off of the Distribution Segment of PPC SA. Today it is a 100% subsidiary of PPC, but it is an organizationally and operationally independent firm. Through the Medium and Low Voltage networks, HEDNO delivers electricity to some 7.4 million customers, while the Company manages the High Voltage networks in Attiki and the Non-Interconnected islands. In terms of number of customers served and the total length of the network lines, with 236,000 km of lines -nearly six times the earth΄s perimeter- HEDNO is one of the largest Distribution Companies in the EU. HEDNO employs directly about 7000 individuals (regular and temporary staff) and indirectly through the cooperating contractors about 5000 individuals. The fundamental tasks of HEDNO, is to ensure the efficient operation, maintenance and development of the country΄s distribution network, management of the Non-Interconnected islands electricity systems and provision of non-discriminatory access to the Network, for all energy consumers, dispersed generators and electricity suppliers. The facilitation of the smooth operation of the electricity supply market is HEDNO΄s fundamental mission. The Company΄s main services include: network development, network maintenance and operation, consumption metering, fault restoration, connection of all network users, including consumers and distributed RES (Renewably Energy Sources) and CHP (Combined Heat and Power) and the implementation of all necessary measures for mitigating environmental impacts. As for the Non Interconnected Islands, HEDNO is responsible for the reliable, efficient and safe operation of their electricity systems, as well as smooth operation of their electricity markets. HEDNO΄s strategy is based upon the application of new technologies, termed smart grids, including remote monitoring, automation and control, automatic metering, remote customer services, etc. The Company aims to modernize the network and transform it into a “Smart System” that continuously optimizes the management of all consumers and producers connected to it. The firm’s strategic planning is extended until 2021, allowing enough time for the scheduled completion of 12 strategic projects: modernization of the technical supervision means and control of the network, new consumer service systems and all the IT and telecommunications systems supporting these upgrades. The total investment for the next five years is valued at 1.25 billion euros. In addition, the firm is spending another 1.25 billion euros on what it sees as a truly strategic project, that is, telemetry across the country. In the financial year 2017, the company posted a rise in sales to 740 million euros compared to 717 million euros a year earlier. Earnings before tax amounted to 36.6 million euros against 13.8 million euros in 2016. In 2017 the company increased its distribution facilities. Specifically, medium voltage networks were increased by 300km and low voltage networks by 562km, while 658 medium / low voltage transformers were added to the system. The active users of the distribution networks amounted to 7.48 million, while investments in distribution activity reached 140 million euros. In 2018, HEDNO entered a deal with the Independent Power Transmission Operator (IPTO or ADMIE), aimed at further expanding their cooperation in areas of mutual interest and at planning joint activities and synergies in the field of increased RES penetration and new technologies in both Distribution and Transport. This initiative marks the new era of Transmission and Distribution Networks, where digital technologies provide new opportunities for innovation and growth. HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR SA 2015 2016 Change (%) Turnover 2,125,600,000.00 € 2,019,842,000.00 € -5.0 Profit Before Taxes 39,431,000.00 € 13,845,000.00 € -64.9 Gross Profit 39,431,000.00 € 13,845,000.00 € -64.9 Total Equity 46,909,000.00 € 41,613,000.00 € -11.3 Liabilities 535,383,000.00 € 686,168,000.00 € 28.2
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DIAMONDS OF THE GREEK ECONOMY
2018 STEEL
Industrial
CorInth PIpeworks
A leading steel pipe supplier of the global energy industry
Contact details e-mail: info.cpw@viohalco.com website: www.cpw.gr
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Corinth Pipeworks is one of the largest steel pipe manufacturers in Europe with a leading position in the global energy industry. Following a cross-border merger by absorption by Cenergy Holdings SA of the Greek formerly listed companies Corinth Pipeworks Holdings S.A. and Hellenic Cables Holdings S.A. in December 2016, Corinth Pipeworks is a subsidiary of Cenergy Holdings SA, a Viohalco company. The Cenergy Holdings portfolio consists of companies positioned at the forefront of high growth sectors, such as energy, telecommunications and construction with a strong financial position, a track record of success and a promising future. Corinth Pipeworks began operations in 1969 and has since established itself in the production of medium and large diameter steel pipes for the transmission of oil, gas, and water, as well as the manufacturing of hollow sections for use in building and construction. The company offers reliable and technically sophisticated energy and construction solutions to demanding customers worldwide. Corinth Pipework’s clients include Chevron, BP, BG, Shell, DEPA, DESFA, OMV, Gas Connect, Wintershall, Snam, National Grid, RWE, Spectra Energy, Energy Transfer, Williams, Denbury, ENI, Kinder Morgan, DCP Midstream, Plain All American, McJunkin, Spartan, EPCO, Spectra, Enbridge, Cheniere Energy, Talisman, STEG, Sonatrach, PDO, OGC, Saudi Aramco, ADNOC, SCOP, Socar, EXXON MOBIL, EDF, TIGF, QP, GRTGAZ, GASCO, PEMEX, Saipem, Allseas, Subsea 7, Technip etc. Our vision is to be the pipe producer of choice, to maintain our dedication to delivering energy to the world, to grow sustainably and set standards of excellence, to refine our quality, to invest and further develop our technical knowledge while expanding our capabilities, to increase our efficiencies and add exceptional value for customers. We deliver solutions to challenging projects with professional
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integrity while developing successful business relationships through mutual trust and respect. Our aim is to provide a fulfilling and rewarding environment for our people and to serve and support our community while maintaining a solid financial performance. Corinth Pipeworks product portfolio Corinth Pipeworks produces high quality steel pipes for oil, gas, CO2, water and slurry pipelines, as well as casing pipes for drilling operations. The Group also produces a wide range of structural hollow sections for the construction sector.
›››››› Its long history of innovation and ‘one-stop-shop’ integrated services has designated Corinth Pipeworks’ position as one of the world’s top steel pipe suppliers. The Group’s three main product categories are: ● Line pipes: Manufactured either in the Group’s high frequency induction welding unit (HFW),the helically submerged arc welding unit (HSAW) or the longitudinal submerged arc welding unit (LSAW) the primary uses of line pipes are in
oil, gas, CO2 and water transportation networks. ●C asing pipes: These high-frequency induction welded pipes (HFW) are used in oil and gas extraction drills. The product range offered for this application has been expanded by the installation of the new LSAW mill. ● Hollow structural sections: Used in the construction sector. Services
● Internal
and external coating of pipes produced by other pipe manufacturers
● Accredited laboratory for raw mate-
rial and pipe testing, in accordance with ΕΝ/ISO 17025 ● In-house corrosion testing laboratory for sour service applications ● Weld on connector facilities for casing pipes ● Pipe storage ● Supply of pipes or assignment of pipe coating outside the Group’s product portfolio to third party authorised subcontractors, in the context of major project implementation ● Pipe transportation
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DIAMONDS OF THE GREEK ECONOMY
2018
spirits Industrial Turnover 321.628.672,00 €
PROFIT BEFORE TAXES 13.397.576,00 €
ATHENIAN BREWERY
Adding value to Greece and the local communities
Athenian Brewery is the leading brewer and beer importer in Greece, with a market presence of more than 50 years. The firm was originally founded in 1963 by a team of five Greek entrepreneurs and is now part of Group HEINEKEN N.V. Today, Athenian Brewery owns 3 plants in Athens, Thessaloniki and Patras, 2 private malteries in Thessaloniki and Patras and a bottling plant for IOLI Mineral Water in Lamia where it produces some of the most popular beer brands in Greece such as Amstel, Amstel Pils, Amstel Dark, Amstel Radler, Amstel Free, Heineken, Heineken LIGHT, ALFA, ALFA Strong, ALFA Weiss, Fischer, ΒΙΟS 5, and Buckler. Athenian BreweAry’s products follow a 100% Greek route using Greek barley provided by more than 2000 Greek farmers through its local sourcing programme. It also imports and distributes a number of beer brands such as SOL, McFarland, Erdinger, Affligem, Murphy’s, Duvel, Chimay and many others. In addition, Athenian Brewery is the No1 beer exporter in Greece with more than 40 years of experience. Athenian Brewery is adding value to Greece and the local communities by investing to improve its production processes, adopting a comprehensive environmental policy, creating a safe working environment and promoting responsible alcohol consumption.
Aleksandros Danilidis CEO
Contact details 02 Kifissou, 12241, Aigaleo Tel.: +30 210 5384911 Fax: +30 210 5384043 Website: https://www.athenianbrewery.gr/
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ATHENIAN BREWERY S.A. 2015 2016 Change (%) 308.606.778,00 € 321.628.672,00 € 4,2 -16.838.029,00 € 13.397.576,00 € - - 108.697.971,00 € 113.966.163,00 € 4,8 135.648.580,00 € 113.351.389,00 € -16,4
DIAMONDS OF THE GREEK ECONOMY
2018
PHARMACEUTICALS Commercial Turnover 329.493.783,00 €
PROFIT BEFORE TAXES 13.395.765,00 €
Novartis Hellas SACI
With vision and responsibility for the patient
Novartis Group holds a leading position in the Greek Pharmaceutical Industry. It has been active in Greece for 20 years with an expanded portfolio of innovative medicines (Novartis), medical and eye care products (Alcon) and generic medicines (Sandoz). The firm takes full advantage of the power of innovation in science and its vision is to contribute to changing the practice of medicine. Novartis’ portfolio of innovative medicines includes more than 50 products, many of which are leading therapies such as Cardiometabolic Diseases, Immunology and Dermatology, Neurosciences, Respiratory Diseases, Ophthalmology, Oncology and Haematology. In the three years 2013-2015, the company invested 138.2 million euros in the Greek society, through R&D, tax payments, payroll, suppliers, donations and sponsorships, while our investment to conduct approximately 200 clinical studies exceeds 18 million euros. Corporate Responsibility (CS) is an integral part of Novartis’ strategy and plays an important role in trying to discover new ways of expanding and improving people’s lives. Its patient-centered approach is a reference point in setting CS priorities, focusing on two key areas: expanding access to healthcare and doing business responsibly. Novartis is directly linked to the coverage and management of the needs and expectations of patients and their carergivets, patient associations, healthcare professionals, the academic community, its employees, partners and suppliers, as well as other stakeholders with the ultimate goal being the establishment of a relationship of trust with the Greek society and the creation of value for the organization, as well as the wider community. The company invests in the development of innovative products aimed at covering unmet medical needs, while consistently supporting initiatives, such as drug donations, free diagnostic tests, early access programs for innovative therapies, donations to public hospitals and university clinics to support research projects. Responding to the messages it receives from the outside environment, it prepares prevention and information programs across the country, such as awareness-raising campaigns for major diseases and patient rights, while being consistently on the side of patient associations across Greece. The “Community Partnership Day” is a special institution for employees who dedicate the anniversary of the founding of the company to the support of social groups in need. Through donations, Novartis supports the work of non-profit organizations, clubs and schools of border regions.
Contact details Athens: 12th km Athens-Lamia National Road, 144 51 Metamorfosi, Attica, Greece Τel.: +30 210 2811 712 Fax: +30 210 2812 014 Thessaloniki: 216 Vas. Olgas St., 551 33 Kalamaria, Thessaloniki, Greece Τel.: +30 2310 4240 39 Fax.: +30 2310 4240 59 Website: http://www.novartis.gr Facebook: https://www.facebook.com/NovartisHellas/
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
NOVARTIS HELLAS S.A. 2015 2016 Change (%) 341.738.645,00 € 329.493.783,00 € -3,6 18.011.436,00 € 13.395.765,00 € -25,6 96.537.795,00 € 79.026.092,00 € -18,1 129.254.991,00 € 135.357.698,00 € 4,7 151.406.628,00 € 57.459.413,00 € -62,0
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DIAMONDS OF THE GREEK ECONOMY
2018
VIANEX S.A. The living history of Greece’s pharmaceutical Industry
Pharmaceutical Products Industrial Turnover
VIANEX is one of Greece’s largest pharmaceutical companies, compared not only to Greek but also to international pharmaceutical firms. With more than 90 years of experience in the field of medicine, VIANEX has exhibited top performance in a wide range of activities, including production, marketing, exports and distribution of pharmaceutical products. The firm operates four state-of-the-art, specialized factories of excellent capabilities across the spectrum of drug production, while continuously upgrading the range of services provided by investing in technological equipment. The high quality of VIANEX products and services have been trusted by major multinational pharmaceutical firms, concluding long-term cooperation agreements. The export sector is a strategic choice for VIANEX, with up to 60% of its production being destined for export to 30 countries worldwide. The company currently employs a mostly highly-qualified staff of 1,100, and invests in their further education and training.
228,865,965.00 €
PROFIT BEFORE TAXES 12,974,854.00 €
Dimitris P. Giannakopoulos, Executive Vice-President & Deputy CEO
Contact details Tatoiou Street, 18th km Athens-Lamia National Road Nea Erythrea, 146 71, Greece Tel.: +30 210 8009111-120 Fax: +30 210 8071573 Email: mailbox@vianex.gr Website: http://www.vianex.gr/
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History Giannakopoulos family’s involvement in the field of medicine began in 1924 from a central Athens pharmacy (on Piraeus Street). The decisive step was made by Paul Giannacopoulos in 1960, with the establishment of the company PHARMAGIAN, which in 1971 became an SA company and was renamed to VIANEX SA. The company’s industrial activity begins in 1977, with the creation of its first plant. By 1999, VIANEX acquired four state-of-the-art factories in Attica and Achaia, while its central offices and distribution center for final products are based in Varybombi. In 1995, subsidiary VIAN SA was established for the handling and marketing of non-prescription medicinal products (OTC), dietary supplements, diagnostic and parapharmaceutical products. Research The company’s strategic objective for continued progress, both nationally and internationally, is competitiveness driven by in-
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novation. The R&D department is responsible for coordinating the work of experienced and specialized scientists working with VIANEX’s laboratories and factories. The labs are equipped with cutting-edge technology and are specialized in various fields related to the object of the plant in which they are housed. At the same time, the company supports the ‘rich’ research potential of Greek universities and research centers through its active participation in innovative projects and potential collaborations. Exports Extroversion takes on more and more ground as a strategic choice for the company, already having a successful 30-year track in international markets. High quality products and large-scale production as a result of continuous investment in modern machinery and human resources, have made the company one of Greece’s most important exporters. Exports account for 16% of the firm’s total sales, with an annual 30 million packages of 225 pharmaceutical products exported annually. As much as 60% of VIANEX’s production is destined for export, while the firm’s expansion worldwide is steadily increasing with penetration into new markets and expanding existing collaborations with new products. The company holds several international certifications (EU GMP, EU GDP, EN ISO 9001, EN ISO 13485), as well as 53 quality certificates. In addition, health organizations from various countries (Japan, Brazil, Turkey, Jordan, Gulf countries, Taiwan, Iraq, Kuwait, Egypt) have granted VIANEX’s four specialized factories as many as 40 GMP (Good Manufacturing Practice) certificates. Notably, VIANEX is among the first firms to have gained a GMP certificate by authorities in Turkey. Recently, an inspection was carried out and successfully completed at the Vi-
›››››› anex Plant C by Brazil’s National Health Surveillance Agency (ANVISA), which adheres to rigorous criteria for its controls. New deals – Growth A typical example of VIANEX’s successful export/growth model is its collaboration with Eli Lilly for the production of the injectable antibiotic vancomycin in its plant C, which is exported entirely to the Chinese market. International pharmaceutical companies have always shown their trust in VIANEX and VIAN for the production, representation and/or distribution of their products, resulting in a constantly expanding company portfolio. At the end of 2017, another major deal was added to VIANEX’s portfolio, signed with the international pharmaceutical company JANSSEN. The agreement concerns the promotion and distribution by VIANEX of two well-known JANSSEN medicinal products of wide consumption and significant therapeutic value. A recent example is also the extension of a 35-year collaboration with MSD on the dyslipidemia treatment group, announced in June 2018. Under this new deal, MSD licenses VIANEX to promote and distribute in Greece two very popular hypolipidemic drugs.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
VIANEX S.A. 2015 210,269,984.00 € 9,072,728.00 € 54,101,702.71 € 34,699,707.00 € 126,153,396.00 €
2016 Change (%) 228,865,965.00 € 8.8 12,974,854.00 € 43.0 46,153,517.49 € -14.7 36,666,301.00 € 5.7 115,473,233.00 € -8.5
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DIAMONDS OF THE GREEK ECONOMY
2018
PHARMACEUTICALS Industrial Turnover 156,460,711.00 €
PROFIT BEFORE TAXES 12,755,137.00 €
Pharmathen SA
Cutting-edge innovation and strong extroversion
Nelly Katsou, President & CEO
Contact details 6, Dervenakion str., 153 51, Pallini, Attica, Greece Tel.: +30 210 6604.300 Fax: +30 210 6666.749 E-mail: info@pharmathen.com website: www.pharmathen.com
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Pharmathen is a private pharmaceutical company founded in 1969. The company focuses on developing new pharmaceutical technologies as well as innovative and generic health care products. With a long history of development and manufacturing, Pharmathen has emerged as one of the biggest in-house development companies in Europe, having established strong strategic partnerships and alliances with more than 200 pharmaceutical companies globally. The company has achieved significant milestones through a track of immaculate performance, always upholding the highest ethical and operational standards and in compliance with global regulatory authorities. Pharmathen’s presence is global and it operates in the 5 continents; with offices in the Netherlands (headquarters), UK, Jordan, Portugal and Australia, the company covers Europe, Middle East and North Africa, Asia Pacific and Latin America and provides excellent services to all major pharmaceutical companies in order to attain the highest possible market penetration of its pipeline in international markets. Strongly dedicated to its vision and strategic planning, Pharmathen emerged as one of the largest independent generic development companies in Europe. With a pipeline of approximately ten generic molecules a year and vigorous export activities in over 80 countries, the company has reached export sales dynamics that account for up to 87% of the group’s total annual sales. Pharmathen’ s core business is the development of advanced pharmaceutical technologies, such as Long-Acting Injectables, complex generic products, as well as the out-licensing of their marketing rights to multinationals and local pharmaceutical brands. The company has already invested an additional 10 million euros solely in its manufacturing site in Northeastern Greece, which has been recently approved by the American Food & Drugs Association (FDA) to export its pharmaceutical products and technology in the US market. An additional investment valued at 23 million euros is planned for 2018, adding up the total investment in Research & Development to 180 million euros during the period 2015-2020. With 3 state-of-the-art research laboratories, the company is committed to continuous R&D investments, aiming at enhancing its product portfolio and providing innovative solutions and services to customers and patients, whilst maintaining and securing a strong financial performance. As of December 2017, the company’s total headcount reached 1069 highly qualified professionals, all dedicated to the company’s vision of being a strong emerging player in the global pharmaceutical market. In Pharmathen both the leadership team and its employees strive to make a difference in people’s lives through leading innovation and research-driven activities. They are all firmly committed to continuously excel in developing, manufacturing and commercializing advanced pharmaceutical products and services. It is in Pharmathen’s “DNA” and philosophy to embrace research and science by providing innovative products and integrated services to improve people’s quality of life.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Pharmathen SA 2015 150,383,892.00 € 13,374,027.00 € 55,030,229.00 € 97,295,689.00 € 115,662,906.00 €
2016 Change (%) 156,460,711.00 € 4.0 12,755,137.00 € -4.6 62,905,397.00 € 14.3 105,624,174.00 € 8.6 113,060,746.00 € -2.2
DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Industrial Turnover 169,957,246.00 €
PROFIT BEFORE TAXES 12,561,581.00 €
SELONDA AQUACULTURE SA
Exporting the bulk of production
Selonda was founded in Southern Greece in 1981 and today, with over 30 years of experience, is the world’s largest producer and supplier of Sea Bream and Sea Bass, the most popular Mediterranean fish in Europe and North America. Selonda’s facilities today include 6 hatcheries, 55 fish farms, 3 distributions centers, 14 packing stations and 3 processing plants. The hatcheries have an annual production capacity of 180 million fry. Also, the fish farms have a total annual production capacity of 40,000 tons of Sea Bream and Sea Bass. Selonda currently employs a staff of 1,150. Notably, the firm is the only Sea Bream and Sea Bass producer in Greece, with its processing plants located in close proximity to a majority of its fish farms. For over 35 years SELONDA has been cultivating and distributing Greek Sea Bream and Sea Bass, the most popular Mediterranean fish in the world. Selonda has developed an integrated traceability system, which can track the history of every fish “from the sea to the fork” and provide all of the information required by customers and consumers (hatchery, fish farm location, feed used, harvest and packaging date, etc.). In 2017, the Group posted a rise in sales to €175.4 million compared to €167.5 million a year earlier, up 4.7%. In particular, fish sales increased by 5.3% or 8.06 million (from €151.35 million in 2016 to €159.4 million in 2017) and accounted for 91% of total sales. Exports accounted for 80% of sales, or €140.5 million. The company managed to finance its operation and its investment program without bank borrowing. Investments in fixed assets amounted to €6.2 million and concern the upgrading of production units, the genetic program, as well as investments to reduce costs and improve operating efficiency. Exports in 2017 accounted for 84% of sales (up for 80% in 2016), with the EU absorbing 88% and third countries the remaining 12%.
Contact details 56 Kifisias Ave., 151 25 Marousi, Athens, Greece Tel.: +30 210 37 24 900 Fax: +30 210 37 24 909 Website: http://www.selonda.com
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SELONDA AQUACULTURE SA 2015 2016 Change (%) 140,396,584.00 € 169,957,246.00 € 21.1 -4,148,743.00 € 12,561,581.00 € 402.8 1,848,051.00 € - 15,077,592.00 € 27,056,800.00 € 79.5 202,581,889.00 € 251,409,462.00 € 24.1
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DIAMONDS OF THE GREEK ECONOMY
2018 Ropes
Industrial Turnover 41,747,457.00 €
PROFIT BEFORE TAXES 12,554,491.00 €
D. KORONAKIS SA
Supplying the shipping sector with durable, quality products for almost 50 years
Contact details 56 Gravias St, 185 45, Piraeus, Attica, Greece Tel: +30 210 4060600 Fax: +30 210 4615211 E-mail: Koronakis@koronakis.gr Website: http://www.koronakis.gr
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Established in 1967 by Eleni and Dimitri Koronakis, the company continues to be 100% family owned, serving the needs of the Shipping, Offshore Oil and Gas, Drilling and Towing, Yachting and Sailing, Fishing and Aquaculture Industries. Since the very beginning, D. Koronakis SA, has been driven by a spirit of innovation in both management and product development. The product range includes hi-tech synthetic ropes, wire and combination ropes, mooring ropes and specialized sailing and yachting ropes. Produced in Greece, all the products are globally recognized for their top quality and technical performance. In recent years, the production units of the company have expanded, covering more than 24,000m2 of building areas on more than 100,000 m2 of land. The company operates a state-of-the-art factory that is able to produce any kind of rope, of any size, quality, length or color. In addition to the products which are produced in-house, the company keeps a large stock of anchors, chains and anchor chains, fiber slings, rigging gears and various accessories. With our subsidiary, we are also able to serve the needs of the netting and fishfarming industries. A significant piece of machinery for the company is its test bench. Koronakis installed in its Thiva factory a horizontal test bench of up to 500 T pulling capacity and 40 meters net length. This fully computerized testing machine was installed according to every technical detail in the Book as per the ISO 9001:2008. It has the ability to test anchors, anchor chains, various accessories, ropes and wire ropes while printing a test certificate at the same time showing the load applied, the elongation at a given time, the theoretical and actual load and the breaking load. Koronakis’ production facilities have been expanded, covering more than 24,000m2 of building / sheltered areas on more than 100,000m2 of land. The head offices and warehouse (7,000m2) are located in Piraeus, near Greece’s biggest port. The company has grown along with the needs of its clients. For this purpose, D. Koronakis has focused on building a strong network of international stock centers (depots) in key locations around the globe. In order to provide swift delivery of goods, the company have built a distribution network with the best selling products at the biggest ports worldwide: Piraeus, New York, Houston, New Orleans, Los Angeles, Panama, Dominican Republic, Singapore, Fujairah, Durban, Cape Town, Rotterdam, Antwerp, Hamburg, Livorno, Tarragona, Algeciras and Las Palmas. All products comply with International Certification Organizations.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
D. KORONAKIS SA 2015 44,625,237.00 € 13,025,880.00 € 15,105,347.00 € 54,332,343.00 € 8,498,560.00 €
2016 Change (%) 41,747,457.00 € -6.4 12,554,491.00 € -3.6 14,768,321.00 € -2.2 63,210,055.00 € 16.3 4,891,487.00 € -42.4
DIAMONDS OF THE GREEK ECONOMY
2018
Pharmaceuticals Commercial Turnover 238,727,450.00 €
PROFIT BEFORE TAXES 12,517,772.00 €
Pfizer Hellas Α.Ε.
The world’s largest Bio -Pharmaceutical
The subsidiary of the multinational colossus was founded in Greece in 1960, and enjoys top position in the Greek pharmaceutical market since 2003. A milestone year for Pfizer Hellas was in 2010, which - besides marking the firm’s 50th anniversary of activity in our country - was marked by the completion of its merger with Wyeth Hellas. This signified a new era for Pfizer Hellas, creating the largest biopharmaceutical company in Greece. And this fact is evidenced by the business development of the company, as it has also brought significant benefits to the Greek economy through new jobs for scientists and significant amounts given to the Greek state through taxes and social security contributions. Pfizer Hellas, with a human potential of about 300 people for all of its activities, maintains and strengthens its leading position among pharmaceutical companies established in Greece. In 2016, Pfizer Hellas was distinguished for yet another year as the company with the best working environment in Greece, winning the first place in the category of companies with more than 250 employees, according to the annual survey of Great Place to Work Institute Hellas. The firm’s portfolio includes prescription drugs, OTC and consumer products of care and health. In particular, it offers organic medicines, small molecule drugs, vaccines, and many of the world’s most well-known personal hygiene and care products. Worldwide, the company’s sales in 2017 inched down to $52.5 billion, compared with $52.8 billion a year earlier, a drop of about 1%. As per tradition, the company’s primary market for 2017 was again the US with 50% of turnover, followed by Japan (8%), China (7%) and other markets (35%). The Greek subsidiary posted 2017 sales of $248 million.
Mr. Zacharias Ragousis, Chairman & CEO of Pfizer Hellas
Contact details 243 Messogeion Ave., 154 51 Neo Psychiko, Athens, Greece Tel.: +30 2106785.800 Fax: +30 2106785.971 Website: www.pfizer.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Pfizer Hellas Α.Ε. 2015 229,353,204.00 € 5,729,776.00 € 55,332,222.00 € 175,779,472.00 € 85,326,813.00 €
2016 Change (%) 238,727,450.00 € 4.1 12,517,772.00 € 118.5 56,333,255.00 € 1.8 181,940,973.00 € 3.5 105,241,604.00 € 23.3
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DIAMONDS OF THE GREEK ECONOMY
2018
Supermarket Commercial Turnover 1,104,487,875.00 €
PROFIT BEFORE TAXES 12,446,485.00 €
METRO SA
Posting sales of more than €1b in 2016!
Aristotelis Panteliadis, Vice President & CEO
The history of the Greek chain METRO begins in 1976, when it was formed as a company by a co-operative of eight groceries; it has always been a company of Greek interests. Its first Cash & Carry store was in Athens (Petrou Ralli St.), while a year later, its central offices moved to Syngrou Ave. (Athens). Two years later, its staff grew to 100, while it opened its first METRO supermarket in the western Athens suburb of Korydallos. In 2004, the firm’s supermarkets were renamed to “My Market” and formally separated from Cash & Carry. In 2008, after a 35-million-euro investment, the innovating distribution center of Inofyta went into operation. Metro is active in retail through My Market supermarkets and in wholesale through Metro Cash & Carry stores. My Market retail stores feature sale spaces of 1,000 to 1,200 square meters, and are located in very commercial locations. The largest number of stores is located in Attica, while the company’s policy regarding the expansion of the network is based on the development of branches throughout Greece. METRO Cash & Carry retail stores occupy sale spaces of between 2,500 and 3,500 sq.m., with convenient parking space, located in key locations with convenient access within the city or within its limits. These stores are aimed at professionals (such as mini markets, grocery stores, cellars, taverns, bars, hotels, etc.), not only in the city where they are located, but also for those in the wider region (50-80 km radius). Thus, sales come from two main categories of stores: Retail sales through My Market and Wholesale through METRO Cash & Carry. The company numbers a total of 272 stores (223 My Market and 49 METRO Cash & Carry stores). In 2016, METRO acquired the exclusive control over the business activities in Greece of Veropoulos supermarkets, significantly boosting its retail network and spreading to strategic locations across the Greek territory. The firm’s investment plans in 2018 include the operation of five to ten new stores, in addition to renovation works in 51 stores, as part of a program imposed by the acquisition of the Veropoulos network. Company plans also include the establishment of the first Cash & Carry store in Cyprus. Finally, in 2018 an extension of 10,000 sqm will be added to the distribution center in Thessaloniki, while a similar move is planned for a distribution center in Inofita in 2019.
Contact details 1 Sorou St., 144 51, Metamorfossi, Athens, Greece Tel.: +30 210 2893500 Fax: +30 210 2835030 Email: Website: www.metro.com.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
METRO SA 2015 736,243,483.00 € 20,837,196.00 € 154,299,577.00 € 130,299,125.00 € 221,574,479.00 €
2016 Change (%) 1,104,487,875.00 € 50.0 12,446,485.00 € -40.3 170,354,766.00 € 10.4 97,026,920.00 € -25.5 686,585,150.00 € 209.9
DIAMONDS OF THE GREEK ECONOMY
2018
CLOTHING – RETAILER Commercial Turnover 166,978,943.00 €
PROFIT BEFORE TAXES 11,605,470.00 €
ATTICA DEPARTMENT STORES SA
Leading the department store shopping in Athens
Attica department stores SA runs a highly successful chain of department stores in Greece named Attica, offering a variety of top-grade brands in women’s, men’s and children’s clothing, along with a large collection of bags, shoes, accessories, beauty and home products. Currently operating four department stores with a staff of some 2,500 employees, Attica maintains an appealing up-to-date product mix for an overall effort that ranks it among Europe’s top up-market department stores, rivaling enterprises such Selfridges, Harvey Nichols, Gallery Lafayette and La Rinascente. Attica has operated a flagship store in the heart of Athens, at prestigious Syntagma, since 2005. Housed within City Link, a preserved historic Athenian building, this department store occupies 25,000sqm and eight levels of selling space. The company gets supplies from approx. 1000 Greek and foreign brands, making it Greece’s largest department store. The company also operates a four-level department store in the capital’s affluent northern suburbs, within the Golden Hall shopping center, a fashion and beauty destination. Attica launched its business at this address in 2008. In 2012, the company opened a third department store in the northern city of Thessaloniki at the Mediterranean Cosmos Mall. The move was expanded a year later with the acquisition of additional selling space to accommodate for a casuals brand collection. Also in 2013, Attica expanded its activity in the field of casual wear and denim by creating a new store solely dedicated to up-to-date casual brands, housed within The Mall Athens shopping center. In 2014, Attica launched a second Thessaloniki department store, an investment valued at €10 million. In 2017, the firm renovated its department store in City Link, by upgrading its IT system, and launch a new store in Golden Hall in September. At the same time, new investments are under way or being planned to renew the image of stores in City Link and Golden Hall, with a total value of €8 million, to be funded by the company’s own capital. In 2017, sales reached €180 million while profits were in excess of €12 million.
Contact details 9 Panepistimiou St., Athens, Greece Tel: +30 211 1802600 Fax: +30 211 1802515 Email: info@atticadps.gr Website: www.atticadps.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ATTICA DEPARTMENTS STORES SA 2015 2016 Change (%) 158,014,174.00 € 166,978,943.00 € 5.7 10,547,286.00 € 11,605,470.00 € 10.0 49,909,563.00 € 53,289,596.00 € 6.8 54,239,851.00 € 60,338,288.00 € 11.2 101,571,787.00 € 104,632,496 3.0
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DIAMONDS OF THE GREEK ECONOMY
2018
Quarries-Concrete Industrial Turnover 80,263,724.00 €
PROFIT BEFORE TAXES 11,478,423.00 €
LARSINOS SA
Among the sector’s largest companies
Contact details 35 Damaskou St., 20100, Korinthos, Greece Tel.: +30 27410 83645 Fax: +30 27410 28030 Email: Larsinos@larsinos.gr Website: http://www.larsinos.gr
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The company’s history begins in 1960, when Mr. Elias Larsinos embarked on contractor activity for the purpose of which he established a concrete plant in the Corinth Delta and a quarry in Athikia, Corinth. Larsinos nowadays is one of the most dynamic and fast growing Companies in the areas of quarrying and production of concrete, based in Corinth. The Company operates throughout Greece offering quarries and concrete plants (permanent and worksite for serving execution of technical projects), high quality products. To date, the Company has undertaken and successfully completed some of the largest projects undertaken in Greece, providing quality and innovative products and services. The company operates 12 concrete production units across Greece. Larsinos has proceeded with the installation and implementation of a Quality System in order to better organize and operate the company, while meeting the requirements of ISO 9001:2008 for the Design, Production and Distribution of Concrete. Certification of Larsinos was carried out by TÜV HELLAS (TÜV NORD). The firm also operates 4 quarries in Corinth, Messinia, Arcadia and Nafplio. Notably, the company is one of the first to obtain the CE certification for the aggregates produced in its Athikia (Corinth) quarry, having implemented all the required procedures. It also holds OHSAS 18001:2007 health and safety management system certification. In the framework of the Health & Safety Awards 2016, Larsinos SA received 4 awards for health and safety in the workplace. Respect for the environment is a primary element of the Company’s activity. All units operate under validated environmental terms in force. In aggregate quarries, exploitation takes place in such a way that the operation site is returned in an environmentally restored state and is integrated into the ecosystem. In addition, the mechanical equipment used are the most modern and environmentally compatible.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
LARSINOS SA 2015 51,777,506.00 € 4,758,177.00 € 18,099,893.00 € 4,292,221.00 € 46,085,368.00 €
2016 Change (%) 80,263,724.00 € 55.0 11,478,423.00 € 141.2 26,321,834.00 € 45.4 11,938,140.00 € 178.1 44,894,045.00 € -2.6
DIAMONDS OF THE GREEK ECONOMY
2018
INTERCOMM FOODS SA, founded in 1990, is located in Larissa, central Greece, and is one of the country’s leading export companies. The firm has strong experience in PRIVATE LABEL products, and at the same time has developed its main brand DELPHI. Sales in 2017 rose to 85.5 million euros compared to 82 million euros a year earlier. The company’s headquarters, warehouse and main production facilities cover an area of approximately 160,000m2. The firm operates two factories: (1) Olive and Fruit factory in Larisa, and (2) Olive factory in Kompoti, Arta. 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 the leader and biggest olive processing company in Greece, with the highest standards, subsequently gaining ever-increasing recognition in the international olive market. Intercomm Foods SA is also a leader in ASEPTIC fruit, supplying peach and apricot to top factories (jam producers, fruit preparations, juice factories, yogurt factories, etc.), all over the world and satisfying the highest quality standards and requirements. ● Main product categories: ● Olives, pastes & antipasti ● aseptic peach & apricot fruit ● peaches and apricot in cans & jars ● apricot and peach compote in cans and jars ● jams - syrups Intercom Foods SA is a family-run business that began operating with high ambitions. These days, the firm does business not only in Western Europe but around the world. It provides private label products to some of the biggest retail groups, such as Carrefour, Casino, Walmart, Kaufland, Aldi, Lidl, Tesco, Sandhurst, Metro, Norma, Edeka, etc. The firm also enjoys a strong market presence with its brand-name products in the Balkans, Scandinavia 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 mid-1990s, 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, pastas, traditional Greek delicatessen and cheese products. Intercomm Foods SA exports up to 98% of its products to 60 countries and to more than 450 clients worldwide. Export destinations: EU, Russia, Ukraine, Switzerland, USA, Canada, Australia, New Zealand, Iran, Mexico, Russia, China, Japan, South Africa, Brazil, Middle East countries, etc. It is certified and operates according to ISO22000:2005, BRC, IFS quality standards. In 2017, the firm carryied out an investment to upgrade and expand its Larisa facilities, valued at nine (9) million euros. Awards for Intercomm’s export presence worldwide by: ● EBEA – Greek Chamber of Commerce in Athens ● Active Greece – Stat Bank ● Silver top exports company 2015 - Greek exporters According to financial sources: (1). Infobank Hellas: Intercomm Foods SA was among the 15 Greek fastest growing companies in 2009-2013. (2). Fortune: Intercomm Foods SA was the 6th most dynamic company among the 30 fastest growing Greek companies in 2015.
food products Industrial Turnover 81.316.554,00 €
PROFIT BEFORE TAXES 11.247.655,00 €
INTERCOMM FOODS SA,
Continuing presence in more than 60 export destinations worldwide
Stergios Tsagkoulis, Chairman & CEO
Contact details 20 Anapafseos St., 19003 MARKOPOULO, Attica, GREECE Contact phones: Tel.: +30 22990 – 22231 Fax: +30 22990 – 23301 Email: kourt@otenet.gr Website: http://www.greek-wine-cellars.com
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
INTERCOMM FOODS S.A. 2015 2016 Change (%) 83.298.278,00 € 81.316.554,00 € -2,4 10.485.667,00 € 11.247.655,00 € 7,3 19.320.695,00 € 21.362.670,00 € 10,6 29.688.219,00 € 33.429.441,00 € 12,6 44.394.849,00 € 41.465.228,00 € -6,6
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DIAMONDS OF THE GREEK ECONOMY
2018
SOYA HELLAS SA
Among Greece’s biggest food producers Food Production Industrial Turnover 251,713,412.00 €
PROFIT BEFORE TAXES 11,071,375.00 €
Contact details 46-48, Voukourestiou St., 106 73 Athens, Greece Tel.: +30 210 3664 200 Fax: +30 210 3644 765 E-mail: mail@soyahellas.gr Website: www.soyahellas.gr
Soya Hellas was founded in 1976 in Athens, and has since enjoyed continuous growth. Today, it stands out as a leading Greek industrial and trading company in industries such as food, animal feed, aqua culture, livestock, as well as in the chemical and bioenergy industries. The company’s main industrial facilities, operating since 1979 are located in Psachna, Evia, at the Northern Evian Gulf. The factory produces: hydrogenated and interesterified oil, lecithin, PET bottles, soybean meal, sunflower meal and the respective crude soybean oil and sunflower oil, margarines and vegetable fats. Also it includes bottling lines for seed oils, olive oil and olive pomace oil. Soya Hellas also operates premises in Thessaloniki (horizontal warehouses and freezer), in Xanthi (silos, grain dryer, horizontal warehouses, freezer and stainless steel oil tanks), in Preveza (horizontal warehouses for storing grains, soybean meal, sunflower meal, bulk alfalfa pellets and various bagged agricultural products, silos, bagging facilities, stainless steel oil tanks and freezer), in Larissa (horizontal warehouses and freezer) and in Heraklion, Crete (origination, storage and promotion of Cretan olive oil). The company ensures high quality food products by applying high quality standards such as: Food Safety BRC and IFS, ISO 9001, 22000 and ISO 14001. In its financial year 2017, the firm posted sales of €293 million, while pre-tax earnings stood at €9.4 million and EBITDA at €13.6 million.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SOYA HELLAS SA 2015 2016 Change (%) 261,028,621.00 € 251,713,412.00 € -3.6 11,380,065.00 € 11,071,375.00 € -2.7 21,969,605.00 € 19,560,948.00 € -11.0 61,804,078.00 € 67,828,981.00 € 9.7 58,072,790.00 € 63,935,785.00 € 10.1
Shell & MOH Aviation Fuels SA
Higher sales in the 9-moth period 2017 Petroleum products Commercial
Turnover 177,896,000.00 €
PROFIT BEFORE TAXES 10,097,000.00 €
Shell & MOH Aviation Fuels SA is the marketing joint venture established by Shell Overseas Holdings Ltd (51%) and Motor Oil (Hellas) Corinth Refineries SA (49%), with the scope to market and supply aviation fuels under the Shell trademark in Greece. Its main activities involve the marketing and supply of aviation fuel JET A1 under the Shell Trademark in Greece and a wide variety of fuel related services, such as carnet cards, fuel sampling, defueling and CO2 Emissions Permits Trading. Nowadays, with presence in 21 airports in Greece, Shell & MOH Aviation has a leading position in the domestic market. At the same time, it is part of the Shell Oil International network, securing for its customers fuelling services in approximately 800 airports worldwide. Furthermore, Shell & MOH Aviation participates together with BP Aviation (50%-50%) in GISSCO, the Into Plane Company serving customers at 19 Greek airports, and with BP and EKO (33% each) in SAFCO, the Into Plane Company serving customers at Athens International Airport. In the 9-month period of 2017, the firm posted a rise in sales to €182.9 million against €146.3 million in the corresponding period a year earlier. Pre-tax income inched up to €9.3 million from €9.3 million.
Contact details 151, Kifisias Ave., 151 24, Marousi, Athens, Greece Tel: +30 210 6006380 Fax: E-mail: info@shell-moh.com Website: http://www.shell-moh.com
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Shell & MOH Aviation Fuels SA 2015 2016 Change (%) 208,801,980.00 € 177,896,000.00 € -14.8 8,792,676.00 € 10,097,000.00 € 14.8 19,635,980.00 € 18,900,000.00 € -3.7 13,083,000.00 € 14,088,000.00 € 7.7 8,714,000.00 € 8,968,000.00 € 2.9
DIAMONDS OF THE GREEK ECONOMY
2018 Port
Commercial Turnover 103,496,607.00 €
PROFIT BEFORE TAXES 11,039,463.00 €
PIRAEUS PORT AUTHORITY SA
Continued growth for one of Europe’s largest harbors
Contact details 10 Akti Miouli St., 18538, Piraeus, Attica, Greece Tel.: +30210 4550000 Fax: Email: olp@olp.gr Website: http://www.olp.gr
Piraeus is the largest port in Europe and one of the largest in the world, with regard to passenger traffic. It is the main link between mainland Greece and the Aegean islands and Crete, while also being the main sea gate of the European Union at its southeastern border. Furthermore, its key geographical position gives access to: Asia/Russia through Black Sea and it’s a strategic proximity to northern Africa and Middle Eastern trade channels. The Passenger Port is divided into areas that serve coasting and cruising. The Company’s main activities are the provision of ship-boring services, loading and unloading services for goods (cargo), transportation of cars and vehicles, as well as passenger services (coastal and cruise). In addition, the Company provides port services to ships (water, electricity, waste management, dredging, etc.) and leverages its premises and facilities by hiring or conceding them to third parties for a consideration. Notably, the acquisition of PPA’s majority share by COSCO SHIPPING was completed in 2016. Today, PPA employs more than 1,100 people, and annually provides services to more than 24,000 vessels. PPA contributes towards the local and national economic growth and is further developed by upgrading both its infrastructure and services provided. Container Terminal PPA’s Container Terminal began its operation in June 2010. It constitutes the main pier for PPA’s freight activities. The facility boasts latest technology machinery, comprising of eight cranes (four SPP) and eight RMGs. It has two platforms: the East one of a length of 500m and a depth of 18m, and the West one of 320m in length and 12m in depth. The terminal it among the top 10 container ports in Europe (in terms of throughput). In 2017, more than 4 million TEUs were handled from all three Piers. Car Terminal The increasing demand for transit vehicles in the Eastern Mediterranean, Black Sea and North Africa places Piraeus is seen a driving force for growth. The list of port customers now includes most of the major manufacturers in the car industry. The completion of the new port-side railway station, as well as its connection with the G2 car terminal and future expansions of the Car Terminal combined with the use of information at all stages with the implementation of an integrated management system, ensure that the port of Piraeus can be a central transshipment gateway for the Mediterranean region. Conventional Cargo Handling and storage of general cargo is primarily done through the facilities of PPA in the Schisto site. Loading and unloading of general cargo is done by cranes, forklifts and tractors of various types. The Schisto facilities also offer special warehouses for general cargo storage. In 2017, the firm posted a rise in sales to €111.5 million compared to €103.5 million a year earlier, up 7.7%. Pre-tax earnings almost doubled to €21.2 million compared to €11.0 million, up 92%. Net income soared 68.6% to €11.3 million compared to €6.7 million in 2016. This is the company’s highest profitability over the last decade. Notably, in the first months of 2018 the Company’s upward trend has continued and the highest rise has been recorded in Car Terminal (+32% in transit and +23% in domestic cargo for the period January-April 2018). Also, ship repair activity ha shown an increase of more than 10%, despite the fact that the existing docks were not in full operation, due to the installation works of a new floating dock.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PIRAEUS PORT AUTHORITY SA 2015 2016 Change (%) 99,880,455.00 € 103,496,607.00 € 3.6 9,772,290.00 € 11,039,463.00 € 13.0 26,150,566.00 € 32,338,734.00 € 23.7 174,315,811.00 € 177,591,435.00 € 1.9 193,661,274.00 € 183,152,168.00 € -5.4
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DIAMONDS OF THE GREEK ECONOMY
2018
Packaging Industrial Turnover 65,853,000.00 €
PROFIT BEFORE TAXES 11,024,000.00 €
KARATZIS S.A.
A global market leader in Netting Solutions
KARATZIS Group has been active in the manufacturing of netting materials for more than three decades. Starting with a small plant in Crete, KARATZIS has evolved into an international leader with an active commercial presence in more than 50 countries and state-ofthe-art production facilities in Greece and Germany. The Group’s product portfolio comprises of: Raschel Bags, Crop Baling, Tubular Net, Pallet Net wrap, Christmas Tree Netting, Display Packaging, Meat Processing, Gardening, Shade Net and Construction Net. The total production capacity exceeds 25,000 tons annually. The key competitive advantage of the Group lies in the innovative character of its products, which are characterized not only by top quality standards but also a high added value that makes them irreplaceable for final users. At the same time, the key pillar of KARATZIS’ successful business operations lies in the solid production base with a total factory space that exceeds 45,000 square meters. The Industrial complexes of Karatzis are located in: two factories in Heraklion, one in Larissa and one in Melidochori. The company also owns a production plant in Germany. The group also trades in the commercial sector. Karatzis owns two companies, one in Spain and one in the UK, while in 2016, another two commercial subsidiaries were added to the group: Karatzis Rus (Krasnodar) and Karatzis Italia (Milan). Specifically, Croppy Solutions is a company dedicated exclusively to Agricultural Packaging. Zeus Packaging Agri Ltd. is a commercial company active in the promotion of Agricultural Packaging in the United Kingdom. Karatzis Italia & Karatzis Rus are a purely commercial companies and it mainly addresses to the market of Italy and Russia, respectively. Karatzis Group started to operate in the electricity generation sector in 2010 with the construction of photovoltaic parks in Katerini, Larissa, Viotia and Heraklion with a combined installed capacity of 15 MW. Also, in January 2017 commenced the operation of KEN SA, an electricity supply company, a 100% subsidiary of the Karatzis Group. In addition, the group is also involved in the hotel and tourism sector; Karatzis owns the Nana beach resort in Hersonissos, a luxury hotel with 500 rooms & suites. In spring 2018, Karatzis Group will inaugurate another 5-star hotel in Hersonissos, Heraklion, the Nana Princess, which will boast 150 rooms and suites. In 2017, the company posted sales of €70.4 million, with most sales coming from industrial activity, followed by hotels and energy. Pre-tax profits stood at €22.5 million.
Contact details “A” Street - Heraklion Industrial Area, 716 01, Heraklion, Crete, Greece Tel: +30 2810 382900 Fax: +30 2810 381400 E-mail: hellasnet@karatzis.gr Website: http://www.karatzis.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
KARATZIS S.A. 2015 62,107,000.00 € 9,087,000.00 € 16,426,000.00 € 98,338,000.00 € 43,611,000.00 €
2016 Change (%) 65,853,000.00 € 6.0 11,024,000.00 € 21.3 18,625,000.00 € 13.4 106,110,000.00 € 7.9 46,562,000.00 € 6.8
DIAMONDS OF THE GREEK ECONOMY
2018
Pharmaceuticals Commercial Turnover
Genesis Pharma S.A.
99,417,735.00 €
Greece’s first pharmaceutical firm to focus on biotechnology products
PROFIT BEFORE TAXES 10,963,048.00 €
GENESIS Pharma started its activity in pharmaceutical biotechnology in 1997, at a time when the industry was still at an early development stage, not only in Greece but also in Europe. The company’s goal was to combine the rapid progress in science with a successful and innovative business venture, thus paving the way for the creation of a new market. Working with consistency and dedication to this end, GENESIS Pharma became the first Greek pharmaceutical company specializing in the promotion, sales and distribution of biopharmaceutical products and is currently the largest by turnover among Greek companies focusing on innovative branded medicines. The company’s portfolio consists mainly of innovative pharmaceutical products in the therapeutic areas of Oncology, Hematology, Central Nervous System, Gastroenterology and Nephrology, as a result of collaboration with major multinational pharmaceutical companies. Among its partners are two of the biggest, based on market capitalization, companies focusing on the research and development of novel pharmaceutical products, Biogen and Celgene. In 1999, business activities were expanded in Cyprus through the creation of Genesis Pharma (Cyprus) Ltd, and later on, in markets of Southeast Europe, such as Bulgaria, Romania and Croatia. GENESIS Pharma (Cyprus) Ltd, an affiliate company, is now responsible for all international markets and is currently operating, through its subsidiaries, in Bulgaria, Romania and Croatia with the latter entity acting as a hub-office covering the Adriatic Region. Over the last 10 years, GENESIS Pharma 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. Moreover, it is one of the most award-winning Greek companies. Since 2000, GENESIS Pharma has received numerous awards and certifications for its growth and productivity rates as well as its commitment to innovation, quality, corporate responsibility and good working environment. GENESIS Pharma 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. The largest percentage of the company’s turnover comes from sales to public hospitals and the National Organization for Health Care Services Provision (EOPYY). Group sales in 2017 rose 7% y-o-y to €109.8 million, while the firm also reported higher earnings, and debt repayment in 2017 of more than €56 million. Gross group profit in 2017 rose to €48 million against €42.9 million a year earlier, up 11.9%. Net profit jumped to €7.8 million from €4.8 million in 2016, up 62.5%. At the same time, cash inflows from operating activities totalled €33.7 million, down from €44.1 million in the previous year.
Konstantinos Evripidis CEO
Contact details 270 Kifissias Avenue, 15232, Halandri – Athens Tel: +30 210 877 1500 Fax: +30 210 689 3877 Email: info@genesispharma.com Website: https://www.genesispharma.com
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Genesis Pharma S.A. 2015 102,434,763.00 € 13,620,797.00 € 45,221,600.00 € 63,316,148.00 € 105,566,303.00 €
2016 Change (%) 99,417,735.00 € -2.9 10,963,048.00 € -19.5 41,537,878.00 € -8.1 71,827,176.00 € 13.4 96,909,742.00 € -8.2
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DIAMONDS OF THE GREEK ECONOMY
2018
Courier & Postal Services
ACS S.A. - People come first
Commercial Turnover
ACS S.A., a Quest Group company, has been active in the Greek market since 1981 and is the largest and most modern Greek company in the courier field, while in the last years it has dynamically entered the field of Postal Services. The company has the largest courier network in Greece, with more than 600 service points (in Greece, Cyprus, Albania and Bulgaria), 3,000 specialized employees, more than 30,000sqm of operational and storage areas, and an ISO 9001 and ISP 14001 certification. Constantly investing in infrastructure, every year ACS manages more than 50 million of shipments and covers 100% of the country with its own National store network, while for overseas shipments it has established collaborations with large international companies. In addition, ACS works with international courier and transport networks, in order to handle shipments, either in Greece, acting as agent, or abroad. Aiming to have its customers in the center of its business model, by always offering them the best possible service, ACS has put in place the best organization and knowhow in its sector, with the most modern infrastructure in computer equipment and automated system for the sorting / monitoring of deliveries. The company constantly invests in infrastructure and the design of new pioneering services and products, both for the Courier and the Mail Postal market,
89,993,000.00 €
PROFIT BEFORE TAXES 10,754,000.00 €
Contact details 25 Asklipiou St., 14568 Kryoneri, Attikis, Greece Tel.: +30210 81 90 000 Fax: +30210 8190 311 Email: info@acscourier.gr Website: https://www.acscourier.net
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››››››
aiming at covering the daily communication needs of hundreds of thousands of businesses and individuals, fast, securely and reliably. Since 2013, ACS has received very important awards for its innovative services and efficient operation, as well as in the areas of CSR and Sustainability: 2013 Environmental Awards - Bronze Award for the ACS ECO friendly vehicles. 2014 Transport & Logistics Awards, evolution Awards - Gold Awards for the ACS Web Business Tools provided to e-shops. 2015 Transport & Logistics Awards - Gold Award for the ACS Advanced Business Post services provided to WIND, regarding its telecom bills distribution. 2015 Lighthouse e-volution Awards Gold Award for the ACS Automated CashOn-Delivery System provided to e-shops. 2016 Lighthouse e-volution Awards - Silver Award for the ACS ReDirect Web Mobile Service provided to recipients (so they can reschedule online the time or place of delivery) and Silver Award for the ACS Smart Point automated pick-up lockers operating in Shell gas stations. 2016 e-BΙΖΖ Awards - «Logistic Solution of the Year» Award for the ACS Smart Point automated pick-up lockers operating in Shell gas stations.
›››››› 2016 Responsible Business Awards – Gold Award in the category “Responding to Emergency” for free transport of first aid material to refugee camps in Greek islands. 2016 Transport & Logistics Awards – Gold Award for the ACS Smart Point automated pick-up lockers operating in Shell gas stations. 2017 BRAVO Sustainability Awards – Distinction in the Bravo Market category (for the innovative solutions provided to e-shops), as well as in the Bravo In Action category (for all first aid material shipped to refugee camps in the Greek islands). 2017 Diamonds of the Greek Economy – Distinction for ACS as the strongest and healthiest company financially in the Courier Industry. 2017 e-BIZZ Awards - «Logistic Solution of the Year» Award for ACS ReDirect Web Mobile Service provided to recipients, so they can reschedule online the time or place of delivery. 2017 Lighthouse e-volution Awards – Bronze Award for the ACS Card on delivery service provided to recipients, so they can pay by credit / debit card upon delivery of their online order. 2017 Responsible Business Awards – Gold Award in the category «Best Cooperation with Non-Governmental Organisations» in Greece.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ACS S.A. 2015 81,159,000.00 € 6,011,000.00 € 18,999,000.00 € 10,634,000.00 € 20,120,000.00 €
2016 Change (%) 89,993,000.00 € 10.9 10,754,000.00 € 78.9 24,318,000.00 € 28.0 16,391,000.00 € 54.1 22,056,000.00 € 9.6
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DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Commercial Turnover 127,499,494.00 €
PROFIT BEFORE TAXES 10,083,350.00 €
Optima S.A.
Among the largest companies in the cheese sector all over Greece
Optima was established in 1974, when Pantelis Panteliadis and his wife Ourania founded the company with the ultimate aim of establishing it as one of the largest companies in the food industry. A landmark year for the company –which at the time was present around Greece trough agencies and the Thessaloniki office– was 1979 when it imported the very popular Adoro and Kerrygold cheeses. The following years were characterized by investments, continuous network development and product portfolio enrichment. In 2008 the company’s warehouses were transferred to state-of-the-art facilities of 4,500sqm in Inofyta, Viotia. OPTIMA is now among the largest dairy traders in Greece, as it distributes more than 35,000 tons of goods per year. The distribution network covers most of mainland Greece, serving over 2,000 outlets. Its fleet consists of 16 privately-owned freezer trucks with a total capacity of 130 tonnes. In order to better organize and monitor the corporate fleet, a telematics management system for route and temperature control has been installed. Great importance is also placed on the human factor with the trafficking segment numbering 50 employees who give their daily best to serve customers. Our warehouses -in Attica and Thessaloniki- handle over 140 product codes, with the product list constantly renewed and enriched with new products that come to meet the modern trends and market needs. The firm’s central warehouse is located in Inofyta, Viotia and covers a total floor space of 4,000 sqm, with cooling chambers taking up 2,750 sqm. This warehouse services the regions of Attica, Viotia, Fthiotida, Fokida, Evia, Peloponnese, the Aegean Islands and Crete, as well as exports to Cyprus. Optima markets several well-known brands: Epirus, Levéti, Kerrygold, Dirollo, Logadi, Adoro, Talagani, Mountain Slopes and confectionery products. A significant development for the company has been the acquisition of Domokos SA, producer of the famous Katiki Domokou cheese. Today, Optima is a leader in the domestic cheese market, with activities in a series of countries, including Korea, New Zealand and Israel. At the same time, the firm maintains its own branches in England, America and Australia to better control the market and the promotion of its products.
Contact details 1 Sorou St., 14451, Metamorfosis, Attica, Greece Tel.: +30 210 2893400 Fax: +30 210 2845937 Website: http://www.optima.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Optima S.A. 2015 108,774,617.00 € 9,633,966.00 € 16,538,313.00 € 34,699,263.00 € 19,659,240.00 €
2016 Change (%) 127,499,494.00 € 17.2 10,083,350.00 € 4.7 16,842,104.00 € 1.8 37,353,922.00 € 7.7 26,546,756.00 € 35.0
DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Industrial Turnover 142,716,377.00 €
PROFIT BEFORE TAXES 10,013,763.00 €
E.J. Papadopoulos SA
In the heart of Greek consumers for almost 100 years
Ioanna Papadopoulou, President & CEO
Papadopoulos SA is the market leader in the biscuit industry and a strong player in the bread substitute segment (Rusks, Breadsticks, Krispies). More specifically, the company ranks second in the overall rusk market and is a leader in the category of premium rusks. Fostering a spirit of innovation and growth, along with a pioneering outlook, the company continues to expand into new product categories. In 2011, it created an innovative product in the cereal bars sector, the Digestive Bar, the first ever cereal bar to be made with biscuit. In 2013, the firm extended its presence in the Greek market with the launch of packaged sliced bread. Papadopoulos owns four production sites in different parts of Greece (Athens, Thessaloniki, Volos, Inofyta), as well as a central warehouse in Aspropyrgos, west of Athens, all certified and operating according to the International Quality Management Standard ISO 9001:2008, Food Safety Standard ISO 22000:2005, and the HACCP system. These certified standards apply to all company activities in administration and production, as well as in commercial activities. Papadopoulos, with a current staff of approximately 1,200, operates three sales departments across Greece, in Athens, Thessaloniki and Volos, mid-eastern Greece. Distribution in all other parts of the country is carried out by a network of local partners. A total of 200 sales representatives and merchandisers work in the field each day, along with a number of wholesalers, in order to ensure the wide distribution of the company’s products. Papadopoulos has received numerous awards at both international and national trade fairs. The Papadopoulos company is currently present in more than 40 countries across five continents, with its Caprice brand leading the way, while southeastern Europe, along with Cyprus, constitute areas of strategic growth. Internationally, the company maintains its growth trajectory, aiming at further penetrating the Organized Retail Networks in the European markets, as well as the markets of the Middle East.
Contact details 26 Petrou Ralli Ave., 118 10,Athens, Tel: +30 210 3482000 Fax: +30 210 3421225 E-mail: info@papadopoulou.gr Website: http://papadopoulou.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
E.J. Papadopoulos SA 2015 2016 Change (%) 135,576,830.00 € 142,716,377.00 € 5.3 10,593,276.00 € 10,013,763.00 € -5.5 63,837,755.00 € 69,899,616.00 € 9.5 83,291,842.00 € 90,224,479.00 € 8.3 71,779,802.00 € 68,619,184.00 € -4.4
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DIAMONDS OF THE GREEK ECONOMY
2018
ARGO S.A.
47-years of know-how in plastic packaging Plastics Industrial Turnover 28,723,242.00 €
PROFIT BEFORE TAXES 9,830,674.00 €
Contact details 1st km Koropiou-Varis St., 19400, Koropi, Greece Tel.: +30 216 4003100 Fax: +30 210 6625500 E-mail: sales@argo-sa.gr Website: http://www.argo-sa.gr
ARGO SA was founded in 1970 in Athens by Dr. Alexis Stasinopoulos and Tryfon Mitrogiannopoulos. The firm engages in the plastic packaging sector as a designer, producer, and trader of rigid packaging. The company’s business activity spans the markets of healthcare, personal care, crop protection, animal healthcare, chemicals and automotive, and food and beverages. The range of manufacturing technologies employed includes: Extrusion Blow Molding, Injection Blow Molding, Injection Stretch Blow Molding, Injection Molding, Plastic Tube production for Packaging, Printing and Labelling and Assembling. Thanks to a wide range of processing technologies and polymer grades employed, the company offers plastic closures, droppers, vials, bottles, canisters, tubes and dosing systems for demanding applications and diverse markets. It provides high quality packaging solutions for best product protection and maximum brand impact in the market. The firm also operates a privately-owned factory in Bucharest, Romania. Argo is certified as per ISO9001:2008, ISO14001:2004, ISO15378:2011, and EN ISO13485:2012 standards. Compliance with international standards and regulations is assured both by in-plant procedures and external accredited organizations or labs. Argo S.A.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
2015 27,506,230.00 € 5,474,499.00 € 7,013,985.00 € 31,575,559.00 € 10,488,783.00 €
2016 Change (%) 28,723,242.00 € 4.4 9,830,674.00 € 79.6 7,713,767.00 € 10.0 38,903,087.00 € 23.2 11,396,987.00 € 8.7
PAVLOS N. PETTAS S.A.
Among the leaders in biodiesel Food and Beverages Industrial
Turnover 134,459,868.00 €
PROFIT BEFORE TAXES 9,818,462.00 €
Contact details 131 R. Fereou St., 26221, Patra, Greece Tel.: +30 2610 242 100 Fax: +30 2610 242 119 E-mail: Website: http://www.pnpettas.gr
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Pavlos N. Pettas S.A. (PNP) was founded in 1947 as a small soap production enterprise by Pavlos Pettas and was named after him. Today, the firm is active in two major sectors: vegetable fats production for the food industry and raw materials for the bakery market. Pettas owns three major factories and a wide distribution network. Plant A is located in the industrial area of Patras, Plant B in Gomosto Achaias and Plant C is in Yambol, Bulgaria. The distribution of products is done by affiliate company Fama Food Service Ltd., which is based in Thessaloniki (serving northern Greece, Serbia, Montenegro and Croatia) and Athens (distributing products in the Greek islands and the south of Greece).The company has more than 80,000 sqm of privately-owned installations in Greece and another 110,000 sqm in Bulgaria, approximately 120 highly educated and trained employees, fully automatic and electronic equipment aged less than 3 years, three distribution centers all over Greece and a significant amount of exports to Mediterranean and Eastern European countries. A significant amount of products is exported to the EU, former Eastern European countries, as well as North Africa, Asia and North America. The firm’s exports account for more than 40% of its annual sales. Notably, in 2016, the firm was Greece’s No.2 in biodiesel distribution, with 24,216 tons and a market share of 18.3%.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PAVLOS N. PETTAS S.A. 2015 2016 Change (%) 123,381,451.00 € 134,459,868.00 € 9.0 10,802,574.00 € 9,818,462.00 € -9.1 14,670,909.00 € 16,851,838.00 € 14.9 56,893,335.00 € 60,644,118.00 € 6.6 70,381,706.00 € 78,090,582.00 € 11.0
DIAMONDS OF THE GREEK ECONOMY
2018
DIXONS SOUTH - EAST EUROPE SA Electrical & Electronic Appliances Commercial
Turnover 407,877,709.00 €
PROFIT BEFORE TAXES 9,704,157.00 €
The No. 1 chain of electrical and electronic appliances KOTSOVOLOS is the leading electrical and electronics chain in Greece, which has been active in the country since 1950 when it opened its first store. The company specializes in the sale of electrical and electronic products, such as large and small home appliances, video and audio devices, computers, photographic equipment and telecommunication products. The Kotsovolos chain is a member of the European Dixons Carphone Group, one of the world’s leading electronics and mobile telephony sales companies, employing a staff of over 42,000 in 11 countries. The company’s network consists of 94 physical stores in various regions around Greece, while consumers who prefer the internet for their purchases can use the Kotsovolos integrated online store at www.kotsovolos.gr. In addition, the company places emphasis on the development of multiple sales channels, such as franchise stores and corporate business (B2B) sales activities. Kotsovolos’ branch network of 94 modern stores throughout Greece comprises of 68 corporate and 26 franchise stores. In the context of community support, the company has chosen a strategic cooperation and support of the NGOs “Smile of the Child,” “Make A Wish” and “The Ark of the World,” which are its main social partners. Also, in cooperation with the Appliance Recycling Company SA, which is the official body for the recycling of appliances, and of course with the participation of consumers, KOTSOVOLOS has recycled to date more than 748,000 appliances of a total weight of more than 12,780 tons.
Contact details 14th Km Athens-Lamia National Road & 2 Spilias St., 144 52, Metamorfosi, Attica, Greece Τel.: +30 210 289 9999 Fax: Email: info@kotsovolos.gr Website: http://www.kotsovolos.gr/
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
DIXONS SOUTH - EAST EUROPE SA 2015 2016 Change (%) 365,829,433.00 € 407,877,709.00 € 11.5 6,773,496.00 € 9,704,157.00 € 43.3 78,274,714.00 € 84,339,735.00 € 7.7 35,652,728.00 € 42,514,063.00 € 19.2 156,844,067.00 € 175,037,835.00 € 11.6
TOYOTA HELLAS SA
Among the most reliable car makes Transportation Means Commercial
Turnover 170,144,168.00 €
PROFIT BEFORE TAXES 9,583,643.00 €
Toyota Hellas SA, a car importer and distributor, was founded in 1986. From the very first year of its establishment, the firm has pursued a course highlighted by a series of innovative moves that have proved influential in the Greek market. Local market standards changed and the firm managed to capture one of the leading places in the domestic auto market, as well as the respect of Greek customers. Toyota Hellas operates as a subsidiary of Inchcape Plc. Toyota Hellas is the national agent for Toyota Motor Corporation in Greece. The Inchcape group, which employs a workforce of over 14,000, is active – internationally and in Greece - in various services related to the automobile field, such as import and distribution of cars, retail sales, rentals, financing and insurance. The company is responsible for the marketing and distribution of the Toyota & Lexus makes in Greece. It is also in charge of the marketing and distribution of original Toyota & Lexus parts used for repair work. Toyota Hellas supports the local network of authorized dealers and repairers of Toyota & Lexus vehicles. Since its foundation, Toyota has been using its Guiding Principles to produce reliable vehicles by employing innovative and high-quality products and services. Toyota Europe places Corporate Social Responsibility as a strategic priority and, as such, places great emphasis on environmental protection, technical training and road safety.
Contact details 48 Ethnikis Antistaseos St., Halandri, 152 31, Athens, Greece Tel: +30 210 28 08 508 Fax: E-mail: customer@toyota.gr Website: http://www.toyota.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
TOYOTA HELLAS SA 2015 2016 Change (%) 148,693,521.00 € 170,144,168.00 € 14.4 3,454,876.00 € 9,583,643.00 € 177.4 20,694,192.00 € 22,117,337.00 € 6.9 34,017,582.00 € 38,947,144.00 € 14.5 38,762,732.00 € 41,583,682.00 € 7.3
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DIAMONDS OF THE GREEK ECONOMY
2018
Information Technology Commercial Turnover 65,547,000.00 €
PROFIT BEFORE TAXES 9,410,000.00 €
INTRALOT S.A.
One of the world’s most powerful players in its industry
INTRALOT CMYK Matt Guide
Orange: CMYK 0/70/100/0 Grey: CMYK 70/50/65/50
INTRALOT, a listed company established in 1992, is a leading gaming solutions supplier and operator, active in 52 regulated jurisdictions around the globe. With €1.1 billion turnover and a global workforce of more than 5,100 employees in 2017, INTRALOT is a robust corporation uniquely positioned to offer to lottery and gaming organizations across geographies flexible, stable, and secure gaming products and services. INTRALOT handles an average of €24 bn of wagers per year and has installed and operates more than 300,000 of its proprietary terminals around the world. INTRALOT has recently invested in a next-generation portfolio of products and services to support Lotteries’ modernization with digital solutions that focus on the players’ modern needs while offering entertainment experiences through all distribution channels, across all verticals (Lottery, Betting, Interactive, VLT). The new “All about the Player” product design strategy addresses modern consumer trends and harnesses IT potential for big data analytics and a personalized playing experience. INTRALOT adopted a global growth strategy designed around synergies with local partners that aims to expand our market penetration capacity and diversify our product portfolio in local markets. The company implements these strategies while closely adhering to the World Lottery Association principles of Responsible Gaming. Intralot’s activities can be divided into three main categories, addressing the different needs of lottery partners: ● Technology and support services, including provision of equipment, software, and maintenance services. ● Management services, including day-to-day management of operations, marketing services, sales network and risk management/ odds’ setting for game and Sports Betting organizations. ● Equity in licensed operations that may also include responsibility of all aspects of a gaming operation, selection and provision of technology, as well as the efficient, ongoing support and management of the operations. Intralot group is active in 52 countries and states. Moreover, the group is on EU (Greece, Malta, Italy, Germany etc.), Other Europe (Russia and Moldova), America (USA, Brazil, Peru, Mexico, Jamaica etc.) and other countries (Australia, New Zealand, China, Turkey etc.). Sales in the EU in 2017 amounted to €635 million, followed by Other Countries with €295, America with sales of €230 million and Other Europe with €2.6 million. Total Group sales in 2017 rose to €1.1 billion compared to €991 million a year earlier, up 11.4%. EBITDA also rose to €171.5 million against €162.5 million in 2016, up 5.5%.
Contact details 64 Kifissias Ave. & 3 Premetis St., Athens, 15125 Greece Tel.: +30 210 615 6000 Fax: +30 210 610 6800 Email: info@intralot.com Website: http://www.intralot.com
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
INTRALOT S.A. 2015 76,582,000.00 € 2,424,000.00 € 31,730,000.00 € 100,258,000.00 € 362,976,000.00 €
2016 Change (%) 65,547,000.00 € -14.4 9,410,000.00 € 288.2 20,694,000.00 € -34.8 96,808,000.00 € -3.4 333,248,000.00 € -8.2
DIAMONDS OF THE GREEK ECONOMY
2018
PHARMACEUTICALS
Who we are For over 50 years, ELPEN pharmaceuticals develops and produces high quality originator and generic medicinal products for the Greek and international markets. Today, ELPEN is the leading Greek pharmaceutical manufacturer in the domestic market and occupies 7th place among 250 companies presently active in Greece, both domestic and international. Our vision is to offer pharmaceuticals of high quality standards at affordable prices and to increase our social contribution towards the community. We strive to improve health, adhere to the highest quality standards and responsibly provide the scientific community with substantiated, accurate information. What we do We take pride in our continuous efforts to create added value for our country and the Greek pharmaceutical industry by: ● S ystematically investing in Greece’s human capital and capacity to innovate ● S ignificantly enhancing the Greek economy’s competitiveness and sound international profile through large-scale exports to more than 40 countries, long collaborations with highly esteemed international companies and successful operations of our German subsidiary, ELPEN GmbH ● S trongly supporting the continuing education of the European scientific community in our certified Training, Research & Experimental Center, one of the largest in South-East Europe ● K nowingly contributing to the country’s effort to generate growth through domestic investment and consumption by offering high quality medicines at affordable prices Our medicines The therapeutic value of our products lies on our constant focus on quality. We apply international standards (Eudra GMP & GDP, ISO 9001:2008) and national guidelines on all our operations. Moreover, we successfully undergo a great number of audits every year by International Authorities, Auditing Bodies and clients, who evaluate our premises and operations according to Non-EU Guidelines of Good Manufacturing Practices, e.g. Saudi FDA GMP (SFDA) and Jordan FDA GMP (JFDA). Our products fall within the following therapeutic categories: ● C ardiovascular ●H ematological ●A ntithrombotic Agents ● R espiratory ●G astrointestinal ●N eurological ●U rinary ●O steoporosis ●A nti-cough ●A ntibacterial/Antibiotic/Antiviral ●A nti-inflammatory (Non-steroidal) ●A ntidotes ●H ormonal Contraceptives. We take pride in the Elpenhaler® product, the novel, patented dry power inhaler invented by ELPEN’s founder, Dimitrios Pentafragkas. Considered as a highly effective treatment for lung diseases such as asthma and COPD, Elpenhaler® led to ELPEN being the first pharmaceutical company to have ever received European marketing approval of a generic fixed-dose combination inhaler. How we grow We aspire to grow in Greece and the international markets through our strategy to: ●D edicate significant human and financial resources to R&D ● I nvest in Value-Added Medicines ●A im to enter new therapeutic areas and technologies ● I nvest in new strategic collaborations with local and international companies.
Industrial Turnover 135,934,244.00 €
PROFIT BEFORE TAXES 6,779,159.00 €
ELPEN
Investing in the science of life
Theodoros Tryfon, Vice President
Contact details 95, Marathonos avenue, 19009, Pikermi – Attica, Greece Tel: +30 210 6039326-9 Fax: +30 210 6039300 E-mail: info@elpen.gr Website: http://www.elpen.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ELPEN PHARMACEUTICAL CO. INC. 2015 2016 Change (%) 119,784,368.00 € 125,204,191.00 € 4.5 4,916,263.00 € 9,297,610.00 € 89.1 76,919,578.00 € 70,266,376.00 € -8.6 42,031,837.00 € 58,962,567.00 € 40.3 91,786,130.00 € 101,592,341.00 € 10.7
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DIAMONDS OF THE GREEK ECONOMY
2018
A leading force in the railway real estate and rolling stock management
Transportation Commercial
GAIAOSE S.A. operates in the management, exploitation and development of the railway property (land and buildings) and the Railway Rolling Stock. It is a company of public utility with the Greek state as a shareholder. An important parameter for the business decisions it takes, among other things, is the creation of new job positions through the development of the different Railway estates. The company presents great profitability without being financed by the State. Except from the management of the Rolling Stock and the Railway Property, GAIAOSE focuses also on the environmental protection, energy saving and a reduction in gas emissions through the production of renewable energy from photovoltaic installations, wind turbines and waste management.
GAIAOSE S.A.
Athanasios Schizas GAIAOSE S.A. CEO
RAILWAY REAL ESTATE EXPLOITATION GAIAOSE’s portfolio includes land plots of 100,000 acres and more than 4,500 buildings of a total floor space of 540,000 square meters. The active hires are about 900 with an income in excess of €8.0 million per year. The company disposes properties not only for lease but for other uses also, such as residence, business or storage. Within its competences, the company carries out research and studies for the solution of legal, urban planning, technical or other issues in order to achieve the exploitation, management and administration of the railway estate. GEOGRAPHICAL INFORMATION SYSTEM - GIS GAIAOSE uses an integrated geographical information system (GIS) in which the land and geographical information of the estate are imprinted. This system has been developed by the company so that can record and survey the entire estate of OSE, basic information such as area, urban planning data and photographs.
Contact details Liossion St 301, Athens 10445 Tel: +30 210-8318158 Fax: +30 210-8318558 Email: gaiaose@gaiaose.com Website: http://www.gaiaose.com
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ROLLING STOCK MANAGEMENT GAIAOSE is the manager of the Railway Rolling Stock since 2015 for the Greek gov-
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ernment. The transport railway fleet which the Greek government manages, consists of 1,752 assemblies (motor assemblies and cargo, passenger vehicles - freight and passenger vehicles). The biggest part of this Rolling Stock is hired and used almost exclusively by TRAINOSE. GAIAOSE is in constant contact with other companies in this sector, for further trade exploitation. The total annual revenue from this activity exceeds €16 million. GAIAOSE’s target is the development/exploitation of the Railway Rolling Stock in the best possible way, in order that the Greek railway Rolling Stock in the future can be fully competitive to the European ones. In this context, in the next 4 years, GAIAOSE is planning to invest €40 million from own sources for the upgrade of the Railway Rolling Stock. For the best management and exploitation of the Railway Rolling Stock, GAIAOSE has been taken the following action: ●R ecording and evaluation of the rolling stock that manages. ●C lassification of the useless rolling stock and activation of the procedure for its disposal ●R olling Stock hiring at railway companies ●R econstruction of Rolling Stock Units ●A nalyses and valuations of the international rail market needs, exploring at the same time ways to cover them ●R esearch and studies for storage spaces and for the rolling stock parking, at the same time exploring the potential for funding opportunities for rail infrastructures via European programs. ●S ubmission of proposals for the development of innovative rolling stock products and applications for funding through the European ESPA program. DEVELOPMENT IS THE TARGET GAIAOSE aims at the growth of: 1. Big railway stations with the creation of facilities such as shopping centers/malls, offices, hotels or other.
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2. Rail Cargo Logistics/Freight Centers of Combined Transport. 3. Restoration-rehabilitation of the main railway stations that have a special/particular/unique architectural form and they are part of the cultural heritage buildings. 4. Non-railway property for any use. 5. Small railway stations. 6. Projects exploiting Wind energy or other forms of RES (Renewable Energy Sources). 7. Real estate not serving the railway’s needs. For the implementation of the above projects, the company aims at cooperating with private investors through public-private partnership schemes (long-term leases, projects concessions/works grants, sale of company shares for specific purposes, etc.).
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DIAMONDS OF THE GREEK ECONOMY
2018
RECENT ACTIONS 1. CARGO CENTERS’ DEVELOPMENT THRIASIO AREA ● REGION/AREAS:
Attica, Aspropyrgos 588 Acres ●R AILWAY CONNECTION: With the Cargo Port of PIREUS (Ikonio) ● ESTIMATE OF PROJECT: €250 m ● COMPETITION: In Progress ●A CTUAL SITUATION: Has proclaimed the Temporary Investor (UNION OF COMPANIES ETBA BI. PE – GOLDAIR CARGO S.A.) ●C OMPLETION OF THE COMPETITION: End of 2017 ●S TART OF CONSTRUCTION PERIOD: Beginning of 2017 to 2020 - Construction of 120,000 m2 ●T EMPORARY OPERATION: As a Cargo Center ●C OMPLETION OF THE ENTIRE INVESTMENT: 10 Years at the latest ●E MPLOYMENT DEVELOPMENT: 5,000 internal vacancies in full development The development and operation of the THRIASIO CARGO CENTER COMPLEX is a project of high geostrategic importance as it is the largest freight center /cargo center in southeast Europe. ● AREA:
2. THESSALONIKI CARGO CENTER AT GONOU MILITARY CAMP AREA AT DIAVATA -THESSALONIKI ● REGION: Thessaloniki, Diavata ● AREA: 600 Acres ● PROJECT ESTIMATE: €200 million ●N ON-BINDING OFFER COMPETITION: Proclamation on 20/2/2017 ●A CTUAL SITUATION: Non-binding offers submission by private investors: 31/10/2017 ●V ALUATION RESULTS OF THE NON-BINDING OFFERS COMPETITION: By 30/12/2017 ●C OMPETITION OF BINDING OFFERS: Starts 10/2/2018 - Ends 30/5/2018 ● I NVESTOR CHOICE VIA AGREEMENT ALLOWANCE: Concession Contract An area of about 100 acres, as a space of central storage and distribution of pipes has been assigned to TAP (TRANS ADRIATIC PIPELINE). The strategic planning of GAIAOSE for the implementation of the CARGO CENTERS presupposes cooperation with the Thessaloniki Port Organization (OLTH). 3. ALEXANDROUPOLI ●R EGION: Inside the Port area reaching the boundaries of the surrounding Airport area ● AREA: More than 500 acres ● ESTIMATE/BUDGET: €150 million ●C OMPETITION: Possible Proclamation January 2018 ●R ESEARCH: The Development Study for the Cargo Center is assigned to The University of Thrace ●C OMPETITION OF NON-BINDING OFFERS: At the First Four Months of 2018 ●V ALUTATION OF THE NON-BINDING OFFERS - COMPETITION RESULTS: At the 2nd Quarter of 2018 ●B INDING OFFERS COMPETITION: At the End of 2018 4. MALLS / COMMERCIAL STORES DEVELOPMENT Piraeus railway station The railway station of Piraeus is at a privileged location, as it neighbors with Piraeus port. The total area of this estate is about 16,000 sqm with the capability of 45,000
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›››››› sqm construction on 4 levels above the railway station’s platforms. GAIAOSE has assigned to a company the urban design study and the issue of the Presidential Decree for the land uses (Commercial Stores-Mall) and the building regulations. The project’s estimate is about €50 million with the capability for the creation of 500 new jobs. The scheduled competition for the investor’s nomination is scheduled to take place in June 2018.
the building regulations. The Scheduled Opening of the competition for the investor’s nomination is in December 2018. The contract competition for the investor’s nomination is going to take place in December 2018
R.S. THESSALONIKI This estate is located at the west side of the city center and it is an important transport hub. The total area of the Railway Station estate is about 90,000 sqm. GAIAOSE plans the construction of a Mall with 100,000 sqm of built-up space and the corresponding green spaces. The project’s estimate is about €90 million, and may create up to 800 new job positions. The urban planning study is in progress, such as the issue of the Presidential Decree for the definition of the commercial use and
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DIAMONDS OF THE GREEK ECONOMY
2018
3 RESTORATION AND RECONSTRUCTION AND NEW BUILDINGS RESTORATION AND RECONSTRUCTION OF THE OLD STATION OF PELOPONNESE The Peloponnese railway station building was built in 1889 by a French Engineering Team at the time that Charilaos Trikoupis was president, and was completed (taking today’s shape) by Ernst Ziller in 1912. The station was constantly in operation from the end of 19th century to 2005, when it was closed down. The station has been declared a historic monument and GAIAOSE has completed all the required technical studies, has all the planning permissions from the Ministry of Culture and has the building permit. At the same time GAIAOSE is planning the project financing by European Community resources and the beginning of its implementation in 2018. The land uses to be developed by the implementation of the project include areas such: ● Cultural area ●M useum area (about 1,500 sqm related to the railways), exhibition areas, rest areas, facilities areas, additional areas. ●C reation of a green space, about 4 acres (green open space landscaping).
HOLOCAUST MUSEUM CREATION IN THESSALONIKI A Holocaust Museum for the Israelite community is about to be built in Thessaloniki. The holocaust museum will be developed on five-acre land plot, which GAIAOSE made available as a social provision. This area is in a green space of about 10 acres, at the same location of the old railway station, in the west entrance of the city. The project will include a building of a total floor space of 7,000 sqm for museum and educational activities and conferences. FUTURE ACTIONS OF GAIAOSE GAIAOSE, considering the transport needs of the international market and the role of the railway in the country’s tourism activity, prepares: ●T ender
procedure for the replacement, reconstruction and repair of 105 vehicles of rolling stock amounting to €13 million - Competition procedure for restoration, repair and reconstruction.
●C onversion/upgrading of 100 freight wag-
ons to platform containers to make the fleet competitive.
●R epair
and modernization of Menemeni depot (Thessaloniki, Greece) and the area around the depot, in order to capitalize from railway companies.
● I n
cooperation with Western Greece Region, submission of a financed program for the provision of advanced telecommunication services and the promotion of information on trains in the Pyrgos - Ancient Olympia line.
● I mplementing
the necessary modifications to Passenger Rolling Stock so that it can be used by disabled people and persons with reduced mobility, participating in the National Implementation Plan of European Regulation 1300/2014.
In addition, GAIAOSE considers the modernization of the railway infrastructure and the conversion of the major part of the rail network into an electrically powered network, will make: ● I nvestigation
of the international railway market (market research) for possible new rolling stock, aiming at the modernization of the fleet within the next 20 years.
●R esearch
on the conversion of rolling stock from diesel to electrically powered.
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with International and Greek companies for the retrofitting and manufacturing of locomotives, railway wagons - freight wagons with significant Greek added value.
GAIAOSE through RES GAIAOSE is dynamically active in the field of electricity generation through RES. It has two photovoltaic park installations at Thriassio, of an installed capacity of 1.2 MW by own funds. The annual revenue from the sale of electricity amounts to € 400,000, contributing substantially to the company’s profitability. One of the two photovoltaic parks of 1 MW, is one of the biggest of its kind, installed on a building roof at the region of Attica, and is also regarded as one of the biggest in Greece. The company has submitted 6 proposals for the construction of a wind park of a total power of 600 Kw at Kilkis area, financed by own funds. In addition, it has carried out a wind potential survey in the Prefecture of Evros, as well as a research on the exploitation of geothermal potential on the properties along the railway network.
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DIAMONDS OF THE GREEK ECONOMY
2018
MEDIPRIME SA
Specializing in dialysis
Mediprime is an integral part of a group of companies active in the health sector for the last 30 years in Greece. The group includes the Mesogeios Dialysis Centers, the hospital waste management company Medical Waste and the Athens White Cross Clinic. The company is particularly active in the field of medical and pharmaceutical products related to nephrology. It is the exclusive distributor in Greece of Germany’s Fresenius Medical Care (FME), the world’s leading renal products company for hemodialysis and peritoneal dialysis treatments, using the most advanced technologies and highest quality materials. Mediprime also plays a role as a general co-ordinator in the establishment of Mediterranean dialysis centers, both through the procurement of machinery and materials and via its contribution in their construction and commissioning (including technical and regulatory issues). Mediprime’s field of activity in pharmaceuticals consists of the co-sponsorship of the erythropoietin formulation Janssen’s Eprex® (for renal use), and the exclusive promotion of OsvaRen® and Phosphosorb® by Fresenius Medical Care - Renal Pharma. The company is based in Athens, and operates three branches in Thessaloniki, Crete and Kalamata. The staff and the services provided are strategically distributed throughout Greece for optimal support and maximum performance of the kidney units, patients and health professionals. The choice of technical and medical staff is based on internationally established criteria for achieving and delivering safe and effective therapeutic results.
Medical Devices Commercial
Turnover 28,970,887.00 €
PROFIT BEFORE TAXES 8,998,720.00 €
Contact details 8 Kyprou St., 14122 Neo Irakleio, Athens, Greece Tel.: +30 210 2837.640 Fax: +30 210 2837.650 E-mail: info@mediprime.gr Website: www.mediprime.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
MEDIPRIME SA 2015 27,693,144.00 € 8,533,312.00 € 14,350,724.00 € 25,490,127.00 € 30,570,853.00 €
2016 Change (%) 28,970,887.00 € 4.6 8,998,720.00 € 5.5 14,589,210.00 € 1.7 29,152,440.00 € 14.4 24,571,299.00 € -19.6
VIVECHROM SA
«Painting» Greece since 1932 Chemical Products Industrial
Turnover 51,534,896.00 €
PROFIT BEFORE TAXES 8,936,067.00 €
Vivechrom was founded in 1932 by Stefanos Diamantis Pateras and other members of a renowned shipping family with the purpose to manufacture, process, import, export and trade all kinds of coatings, paints and plastics, based at the company’s first plant in Nikea, a district near the port-city Piraeus area. Vivechrom nowadays ranks as one of the largest industries in the country. The company built a new factory in Mandra, west of Athens on a 100-acre plot of land, where production was transferred. Today Vivechrom is an active member of Akzonbel. The company boasts the largest and most effective distribution network with more than 2,000 sales points, serving the entire Greek mainland and the islands. The company develops innovative products and improves existing brands not only based on market trends and customer expectations, but also within the framework of its policies concerning quality, environment, health and safety. Vivechrom markets ecological paints, wall paints, trim paints, metalcare, woodcare and special paints and thinners. Vivechrom has established a Quality, Environment, Health & Safety Directorate concerning quality, the environment and occupational health and safety. The company applies ISO 9001, ISO 14001 and OHSAS 18001 management systems. Vivechrom, having gained the trust of parent company AkzoNobel, has made significant investments in Greece. In this context, the transfer of varnish production from Turkey’s Marshal to the Vivechrom plant in Greece took place by the end of 2017. This investment will boost employment by increasing the factory’s workforce by 15%.
Contact details Vathi Pigadi, 196 00 Mandra, Attica, Greece Tel.: +30 210 5538700 FAX: +30 210 5550464 E-mail: contact@vivechrom.gr Website: www.vivechrom.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
VIVECHROM SA 2015 44,516,069.00 € 6,735,706.00 € 17,027,264.00 € 22,014,275.00 € 13,006,423.00 €
2016 Change (%) 51,534,896.00 € 15.8 8,936,067.00 € 32.7 20,557,446.00 € 20.7 19,651,236.00 € -10.7 14,585,537.00 € 12.1
DIAMONDS OF THE GREEK ECONOMY
2018
OTE GLOBE S.A.
Growth continues in 2018 Telecommunications Commercial
Turnover 341,119,947.00 €
PROFIT BEFORE TAXES 8,285,483.00 €
OTEGLOBE, headquartered in Athens, Greece, and operational since October 2000, is the international carrier with the strongest network presence in SE Europe, and the wholesale arm of OTE Group of companies, the leading telecommunications’ group in Greece and SE Europe. OTEGLOBE is engaged in the provision of wholesale international voice and data services, as well as integrated solutions and value added services. The company is a wholly-owned subsidiary of OTE SA. The year 2017 was a successful one for OTEGLOBE. Adjusted EBITDA profitability has been greatly enhanced (+18%) by continued strong performance in Europe and Asia, where investments in recent years in new generation technologies have begun to bear fruit. In 2017, the company posted sales of €333.4 million against €341.1 million in the previous year. Pre-tax earnings inched up to €8.7 million versus €8.2 million in 2016.
Contact details 6-8 Zinonos Eleatou St. & Agisilaou St., 15123 Marousi, Athens, Greece Tel.: +30 210 8762500 Fax. +30 210 8762609 E-mail: press@oteglobe.gr Website: http://www.oteglobe.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
OTE GLOBE S.A. 2015 2016 Change (%) 315,659,991.00 € 341,119,947.00 € 8.1 7,842,016.00 € 8,285,483.00 € 5.7 30,588,894.00 € 30,025,912.00 € -1.8 200,687,232.00 € 206,265,158.00 € 2.8 94,844,060.00 € 119,187,981.00 € 25.7
MICHAIL ARABATZIS S.A. ‘HELLENIC DOUGH’
Among Europe’s largest food producers FOOD PRODUCTS Industrial
Turnover 67,179,000.00 €
PROFIT BEFORE TAXES 8,258,000.00 €
Contact details Thessaloniki Industrial Park (1st Road), 570 22, Sindos, Thessaloniki, Greece Τel: +30 2310 723440 Fax: +30 2310 795351 E- mail: info@elzymi.gr Website: www.elzymi.gr
Food industry Hellenic Dough (Elliniki Zymi) - Arabatzis operates in the sector of frozen pastry products, supporting the Food Service market, as well as the retail market. The operational structure of the company is based at its privately owned 41,420m² production facilities located on privately-owned land within the Thessaloniki Industrial Zone, and supported by a wide sales network together with a private fleet of transportation vehicles, three branches, in Athens, Patra and Ioannina, and highly trained associates throughout Greece. HELLENIC DOUGH - ARABATZIS, ranks among the most up-to-date food production companies not only in Greece but also in Europe, which since its establishment has been operating under the philosophy of producing high quality products. The company’s quality assurance from the selection of raw materials to the careful and professional production and handling, ensures safety and hygiene right up until consumption of the products. Quality is controlled and maintained at all stages in accordance with the following standards: BS ΕΝ ISO 9001:2008, BS ΕΝ ISO22000:2008, ΙFS International Food Standard Issue 6: April 2014(Higher Level) and BRC Global Standard for Food Safety Issue7: January 2015 (Grade A). The company’s export activity spans to more than 40 countries, with main markets in Germany, Turkey, US, Sweden and the United Kingdom, with its increasing exports accounting for 30% of sales, with a significant part of them being made through Lidl. Notably, the firm’s staff increased from 319 in 2010 to 545 today. Sales in 2017 rose to €72 million, compared to €67.2 million a year earlier, while EBITDA also rose to €11.5 million compared to €9.6 million. Pre-tax profit increased to €9.9 million from €8.3 million in 2016.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
MICHAIL ARABATZIS S.A. ‘HELLENIC DOUGH’ 2015 2016 Change (%) 61,609,000.00 € 67,179,000.00 € 9.0 8,370,000.00 € 8,258,000.00 € -1.3 15,382,000.00 € 17,254,000.00 € 12.2 36,614,000.00 € 40,262,000.00 € 10.0 9,413,000.00 € 7,590,000.00 € -19.4
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DIAMONDS OF THE GREEK ECONOMY
2018
RUBBER – PLASTICS Industrial Turnover
FLEXOPACK SA
67,416,000.00 €
Continuing investments in 2018
PROFIT BEFORE TAXES 8,175,000.00 €
FLEXOPACK SA was founded in 1979, in Koropi, southeast of Athens. Initially a familyowned business, the company, listed on the Athens Stock Exchange in 1996, is a major European flexible packaging manufacturer offering a great variety of products. Flexopack’s manufacturing capabilities include: extrusion, printing, bag/pouch converting, slitting/tube opening and lamination. Its product portfolio includes packaging materials and equipment for use in food products especially in: Meat, Dairy, Sea Food and Poultry. Also it offers technical films, such as lamination films, barrier liners and customized/applications specific films. With regard to investments, the firm at the end of 2017 completed the construction of a two storey building with a basement, including production areas, warehouses and offices, of a total floor space of 6,975sqm. The above investment is part of the company’s three-year investment plan 2017-2019, valued at €15 million, mapped out by the listed company’s management to increase the production capacity of its plants, create new products and squeeze industrial costs. Also, a major investment will be made in 2018 with the construction of an industrial building in Australia. In general, the planning includes the upgrade of production facilities in Greece and Poland, the purchase of state-of-the-art equipment, the creation of new production lines and the expansion of distribution networks. In the financial year 2017, Flexopack experienced significant improvement in its financial figures, both at group level and at parent company level. Specifically, consolidated sales rose to €81.5 million, compared to € 70.2 million in 2016, up 16.05%, while the company’s sales also rose to €70.3 million, compared to €67.4 million, up 4.25%. Group EBITDA amounted to €14.4 million, compared to €11.4 million, up 26.51%, while company EBITDA rose to €14.1 million compared to €11.6 million a year earlier, up 21.40%. Consolidated pre-tax earnings (EBT) for the group increased to €10.4 million, compared to €7.6 million, up 36.45%, while for the company EBT rose to €10.3 million compared to €8.2 million, up 26.32%.
Contact details Thessi Tzima, 194 00 Koropi, Attica, Greece Tel.: +30 210 6680000 FAX: +30 210 6626583 E-mail: flexopack@flexopack.com Website: www.flexopack.com/el
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
FLEXOPACK SA 2015 62,271,000.00 € 6,575,000.00 € 12,851,000.00 € 50,468,000.00 € 29,902,000.00 €
2016 Change (%) 67,416,000.00 € 8.3 8,175,000.00 € 24.3 15,179,000.00 € 18.1 55,971,000.00 € 10.9 32,961,000.00 € 10.2
DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Industrial Turnover 66,570,168.00 €
PROFIT BEFORE TAXES 8,161,529.00 €
KRI KRI SA
Posting a 56% surge in 2017 exports
Panagiotis Tsinavos, President & Managing Director
The KRI KRI dairy industry’s roots date back to 1954 when George Tsinavos, the company’s founder, opened a small pastry business in Serres, northern Greece, which produced and distributed ice cream and confectionery products around the town. The ’80s and ’90s defined the company’s subsequent course. In 1987, the company constructed a new factory that also led to the production of yogurt made of fresh sheep and cow milk collected from the Serres area. In the mid-90s, Kri Kri set up a branch in the Athens area, a move that bolstered its distribution network for nationwide market coverage. Nowadays, with Panagiotis Tsinavos as president and managing director, the company’s products, ice cream, yogurt and fresh milk, are distributed extensively to both supermarkets and smaller retail outlets. Kri Kri is located in northern Greece only 3 km away from the city of Serres. It consists of 2 different plants, the dairy and the ice cream production plant, all operating with state-ofthe-art machinery. The ultramodern yogurt production plant consists of fully automated production lines, strictly isolated from external conditions, all fully controlled using X-Ray inspection systems. It produces all different types of Greek yogurt. The ice cream production plant is equipped with state-of-the-art production lines, which allow for an annual production capacity of 100 million servings during the ice cream season. It consists of fully automated production lines for all types of ice cream. Σήμερα απασχολεί περί τους 357 εργαζομένους. Kri Kri began its exporting activity in 2000 with the aim of developing its presence in both European and international markets. At present, the company exports the majority of its range of products to more than 20 countries in Europe, Balkans and the Middle East, with the most important markets being England, Italy, Germany, the Netherlands and Belgium. In the period 2011-2016, the total value of the investments has exceeded €46 million. In fact, it is currently implementing a new investment program worth €18 million to upgrade the yogurt factory by the end of 2018. In 2017, the firm reported a rise in sales to €79.25 million compared to €66.57 million a year earlier, up 19.0%. Ice cream sales rose by 9.1% to €21.61 million compared to €19.82 million in 2016. Sales of dairy products increased by 23.3% to €57.45 million. Exports accounted for 30.4% of total sales, jumping 53.6%. Pre-tax earnings rose to €9.9 million compared to €8.2 million the previous year, up 21.2%, while net profit after tax amounted to €7.34 million from €6.24 million in 2016, up 17.6%. EBITDA rose to €12.45 million compared to €10.99 million in the previous year, up 13.3%.
Contact details 3rd km Serres-Drama National Highway, 62125, Serres, Greece Tel.: +30 23210 68300 Fax: +30 23210 68311 E-mail: info@krikri.gr Website: www.krikri.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Kri Kri SA 2015 66,950,798.00 € 4,294,909.00 € 22,371,325.00 € 40,939,050.00 € 28,770,168.00 €
2016 Change (%) 66,570,168.00 € -0.6 8,161,529.00 € 90.0 25,743,992.00 € 15.1 45,191,485.00 € 10.4 31,129,765.00 € 8.2
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DIAMONDS OF THE GREEK ECONOMY
2018
FOODS, REFRESHMENTS, PERSONAL & HOME CARE Industrial
ELAIS - UNILEVER HELLAS SA - The future belongs to “sustainable thinking” The fact that a company is approaching about 2.5 billion people every day around the world is a great power and a great responsibility. In this challenge, Unilever, one of the strongest players in the retail consumer goods category, responds with another challenge: to effectively promote a global action plan aimed at socially responsible, sustainable entrepreneurship.
Turnover 400,950,309.00 €
PROFIT BEFORE TAXES 8,090,717.00 €
It is easy to assume that in 1930 William Hesketh Lever, founder of Lever Brothers, later Unilever, could not even dream that his company would evolve into one of the modern business giants with 400 top brands in its portfolio, such as Skip, Klinex, Dove, AIM, Axe, Knorr, Hellmann’s, Lipton, Algida, Ben & Jerry’s, with over 160,000 employees worldwide and sales in over 190 countries. What he had undoubtedly dreamed of was to develop Unilever into a company with a purpose and mission that go beyond the strict business framework. Already, since the 1890s, he had recorded his idea of Sunlight Soap - a revolutionary product that helped spread cleanliness and hygiene in Victorian England. This was how the feeling of social mission entered the firm’s DNA.
Grigoris Antoniadis
Today, William Hesketh Lever’s vision has been translated into Unilever’s Sustainable Living Plan (USLP) mapped out in 2010, led by Paul Polman, and includes three key commitments: - By 2020: to help more than one (1) billion people to improve their health and quality of life with better nutrition and hygiene conditions - By 2030: to reduce the company’s environmental footprint to half - By 2020: to improve the living standard of millions of people in the world, and all of the above, while increasing business activity, in order to generate growth for both business and society.
Contact details 10, Kimi St. & Seneka Ave., 145 64 Kifisia Tel.: +30 210 6304 500/600 Fax: +30 210 6304 501 Website: www.unilever.gr
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Already, the goals have been largely met by coordinated actions made by brands around the world. In addition, in 2017, Unilever ranked in top position in the Dow Jones Sustainability Indices for the 18th time, achieving the highest rating for the environment, and in the FTSE 4 Good Index; and, for the
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seventh consecutive year, was ranked top of the list with Global Business Leaders for Sustainability. In Greece, “sustainable thinking” is expressed through a series of socially responsible actions that continuously enhance the positive footprint of the company’s brands. Typical and illustrative examples are Skip’s Social Launerette, Klinex’s “Clean at School” program, AIM’s “We Brush Together” campaign, and Pummaro’s pioneering sustainable tomato cultivation in Gastouni, Ilia. “At Unilever we are confident that business development should not burden society and the environment,” said Mr. Gregory Antoniadis, Director of Communication at ELAIS-Unilever Hellas. “This is why we have evolved the way we are working. We believe in a model that boosts stable, profitable, competitive and, above all, responsible
›››››› growth. The aim of this model is to develop “goal-oriented” brands that leave a positive footprint on society and the environment and create value by reducing production costs and helping us build a relationship of trust with both consumers and all other partners and society. Our vision is to coordinate everyone in ‘sustainable thinking’, which will govern all our actions, in order to help ensure realistic, positive prospects for the future. “
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ELAIS - UNILEVER HELLAS SA 2015 2016 419,644,062.00 € 400,950,309.00 € 1,385,620.00 € 8,090,717.00 € - - 176,164,340.00 € 144,309,692.00 € 287,602,741.00 € 295,674,244.00 €
Change (%) -4.5 483.9 -18.1 2.8
Unilever in Greece and Cyprus In Greece, Unilever operates under the name ELAIS - UNILEVER HELLAS SA. It is the largest company in domestic sales of fast moving consumer products. It operates in 26 product categories with approximately 1,200 codes and is the No. 1 supplier in the retail sector, presenting itself in 35 different locations within the Supermarkets. The company employs a total of 750 employees (700 in Greece and 50 in Cyprus). It has 3 factories in the areas of Renti, Neo Faliro and Gastouni Ilias, as well as 2 modern Distribution and Storage Centers in Renti Attica and Schimatari in Viotia. The firm also operates one plant in Nicosia, Cyprus.
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DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Industrial Turnover 301,470,991.00 €
PROFIT BEFORE TAXES 8,038,957.00 €
NITSIAKOS SA
One of the most rapidly growing food companies in Greece
Theodoros Nitsiakos, President
Contact details Industrial Area, Municipality of Zitsa, 455 00 Rodotopi, Ioannina, Greece Tel.: +30 26510 22200 FAX: +30 26510 20769 Website: www.nitsiakos.gr
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Nitsiakos is one of the most rapidly growing food industry companies in Greece, as well as the leading poultry producer in the country. Since 1972, when the company was launched, Nitsiakos has established a high quality vertically integrated production system, in order to ensure a reliable step by step process of breeding, hatching, and distributing of its products. Based in Ioannina, the company is operating both in Greece and abroad and has recently extended its reach beyond chicken meat. Over the last decade, Nitsiakos implemented an ambitious investment plan in order to secure its growth in its main business activities and further allow its entry into the market of dry food for pets. For the first time in Greece, the company generated a production circuit of turkey and rabbit meat, as well as bread flour, and also proceeded with importing environmentally friendly bio-mass sunflower husk. Nitsiakos also places particular emphasis on biosafety, and on veterinary monitoring, as the company takes strict measures and applies systematic checks in order to ensure the delivery of high quality products to its consumers. It is worth noting that Nitsiakos has also maintained a strong export activity to Balkan countries and Cyprus, reaching constant sales growth and constantly seeking to penetrate into even more foreign markets. In addition, the company pioneered by launching a new product in the Greek market, that of ‘black chicken’, aiming to offer to its consumers products of high nutritional value, in line with the company’s values and philosophy. Today, based on its turnover, Nitsiakos is the largest producer of chicken meat in Greece, one of the major companies when it comes to grain and soy flour trading and among the 10 largest food industry producers in the country. The firm operates 4 raw material processing units, 4 feed units, 6 units of primary production and 2 dry food and flour factories. In 2017, Nitsiakos posted a 5% rise in sales to €325 million, compared to 2016, while in 2008, just before the start of the financial crisis, its turnover was €117.7 million. In the investment segment, the firm plans a €50 million spending in the period 2018-2019, which will focus on the necessary actions for the company to enter the beef category. Such investments are envisaged to grow the firm even more, as it has more than doubled its turnover over the past decade, through entering a number of new business activities. For the purpose of entering beef meat production, the company has already bought the required farms, and since autumn the construction of a beef processing and standardization facility has begun with the aim of placing the products on the market in 2019. As reported by the company, production will be small and emphasis will be placed on premium quality meat with selected breeds, to available only on the domestic market.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
NITSIAKOS SA 2015 236,705,541.00 € 4,083,567.00 € 21.959.631,00 € 20,242,735.00 € 105.115.229,00 €
2016 Change (%) 301,470,991.00 € 27.4 8,038,957.00 € 96.9 29.909.263,00 € 36,2 25,808,289.00 € 27.5 122.068.882,00 € 16,1
DIAMONDS OF THE GREEK ECONOMY
2018
Vehicles Commercial Turnover 163,415,832.00 €
PROFIT BEFORE TAXES 7,990,868.00 €
Mercedes-Benz Hellas S.A.
Continuing high growth rates in 2017
Yannis Kalligeros, Chief Executive Officer
Contact details 20 Thivaidos St., 145 64 Kifissia, Attica, Greece Tel.: +30 210 6296500 Fax: +30 210 6296510 Website: www.mercedes-benz.gr E-mail: crm_mbh@daimler.com
The introduction of Mercedes-Benz vehicles in Greece dates back to the mid-1950s, with MK Fostiropoulos - VIAMAX being the distributor of the luxury cars. Founded in 1982, Mercedes-Benz Hellas SA is a 100% subsidiary of Daimler AG. The company is the General Distributor of Mercedes-Benz passenger & commercial vehicles smart cars, as well as Mercedes-Benz & Setra buses in Greece. Daimler Group is one of the largest passenger car and commercial vehicle makers in the world. Headquartered in Stuttgart, Germany, the group employs more than 278,000 workers worldwide, with production facilities in 19 countries. The company is located in the northern Athens suburb of Nea Kifissia, in an area of 4 0 acres of exceptionally organized, functional and environmentally friendly land. All Sales and Marketing functions for passenger and commercial vehicles, as well as the Center of Technical Support and Training are hosted there. Mercedes-Benz Financial Services Hellas SA, is located in the same area, in order to offer a broad range of financial products to its customers. Mercedes-Benz Hellas also owns the Parts Distribution Center in Aspropyrgos and the sales center for used heavy and light commercial vehicles “TruckStore.” “Mercedes-Benz Stars” is the used car sales business, ran by Mercedes-Benz & smart authorized sales distributors. In 2015, the company employed a staff of 192. Corporate Social Responsibility is an integral part of the company’s culture. Always a pioneer in these matters, Mercedes-Benz Hellas was the first company in the automotive sector to issue a Social Responsibility Report for 2013, while it invested in solar energy by placing photovoltaic panels on the roof of its premises, thus producing power of 302 kW at a surface of 4,000 m2. In 2018, in cooperation with the Ethelon organization, Mercedes-Benz Hellas launched its new Corporate Social Responsibility Program #love2give. The aim of the program is to create a corporate community of volunteers who will share regular actions based on 3 of the Corporate Social Responsibility pillars of Mercedes-Benz Hellas: company employees, society and the environment, as well as on the United Nations’ 17 goals for sustainable development. Daimler group posted a rise in 2017 sales to €164.3 billion against €153.2 billion euros a year earlier. Net profit rose to €10.8 billion from €8.7 billion in 2016. The group is divided into the following divisions: Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. Each division is responsible for the sales of specific car models. The division with the most sales in 2017 was that of passenger cars, i.e. Mercedes-Benz Cars, with sales of €94.6 billion, followed by Daimler Trucks with total sales of €35.7 billion, Daimler Financial Services (€23.7 billion), Mercedes-Benz Vans (€13.1 billion) and Daimler Buses (€4.3 billion). In total, at the end of 2017, the group worldwide employed a staff of 279,000.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Mercedes-Benz Hellas S.A. 2015 2016 Change (%) 135,934,244.00 € 163,415,832.00 € 20.2 6,779,159.00 € 7,990,868.00 € 17.9 25,509,446.00 € - 56,883,267.00 € - 48,716,193.00 € -
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DIAMONDS OF THE GREEK ECONOMY
2018
HB BODY SA
Exporting 90% of production worldwide Chemical Products Industrial Turnover 36,207,263.00 €
PROFIT BEFORE TAXES 7,895,624.00 €
HB BODY SA was established in 1982 with the objective of producing and distributing high quality products for the automotive refinishing industry. The firm was founded by Elias Vassiliadis, who remains president and managing director to date. The company is based in Thessaloniki, northern Greece on privately-owned premises. Nowadays, the firm is represented both in Thessaloniki and Athens on 120,000sqm of premises. The firm operates warehouse and production facilities covering 80,000sqm. The company markets the following products: Underbody - Stone Chipping Protection, Seam Sealers, Fillers, 1K-2K Primers, Clear Coats, Paints, Hardeners, Polishing Compounds, Sprays, Thinners, Ancillaries and Powder Coatings. As much as 90% of the company’s products are exported to 75 countries all over the world, while the firm still holds the leading position within the Greek market. HB Body has three subsidiaries in the United Kingdom, Bulgaria and Spain, and marketing/promotion centers in Serbia and Russia.
Contact details Sindos Industrial Area, 570 22, Sindos Thessaloniki, Greece Tel.: +30 2310790000 Fax: +30 2310 790015 Website: www.hbbody.com
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
HB BODY SA 2015 35,969,704.00 € 8,073,342.00 € 15,383,376.00 € 52,898,807.00 € 7.648.879,00 €
2016 Change (%) 36,207,263.00 € 0.7 7,895,624.00 € -2.2 16,334,306.00 € 6.2 52,846,719.00 € -0.1 12.435.464,00 € 62,6
AEGEAN MOTORWAY S.A.
Connecting Greece’s largest urban centers Transportation Commercial Turnover 158,020,000.00 €
PROFIT BEFORE TAXES 7,790,000.00 €
Contact details Moschochori, 41500, Larissa, Greece Tel.: +30 2410 680300 Fax: +30 2410 680304 Email: info@aegeanmotorway.gr Website: https://www.aegeanmotorway.gr
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Aegean Motorway Concession Company for PATHE Motorway, Maliakos – Kleidi section, was established on 12 June 2007 in Larissa, Greece. The exclusive purpose of the Company is to carry out the design, construction, financing, operation, maintenance and exploitation of the Maliakos - Kleidi Motorway (from Raches I/C to Kleidi I/C), along with all supplementary works and relevant activities. The project Aegean Motorway has undertaken consists of: reconstruction and upgrade of the existing motorway extending over 230 km from Raches, Fthiotida Prefecture to Kleidi, Imathia Prefecture; construction of a new motorway section of 25 km, from Evangelismos - Larissa Prefecture to Skotina - Pieria Prefecture, which amongst others includes3 twin tunnels, 20 bridges and structures; construction and operation of 5 new Motorists Service Stations; construction of 3 new interchanges, the Northern Katerini I/C, the Korinos I/C and the Aiginio I/C; operation of the motorway for 30 years via a fully equipped Management Centre; and lastly, the maintenance of the existing motorway for 30 years according to the international safety specifications. The initial investment for the project was valued at €1.3 billion, funded from equity, loans, state aid and its exploitation (toll revenues) as follows: Exploitation €300 million, Equity €121 million, State financial contribution €296 million and loans €583 million. In 2017 the company launched the new section of the Evangelismos - Skotina motorway. It is a new, ultramodern motorway featuring 3 tunnels with separate branches along a 2km-, 3km- and 6km-long direction. The 6km tunnel is the largest road tunnel in Southeastern Europe. The new project brings Greece’s major urban centers closer, such as Athens, Lamia, Larissa and Thessaloniki.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
AEGEAN MOTORWAY S.A. 2015 2016 Change (%) 146,164,186.00 € 158,020,000.00 € 8.1 10,940,547.00 € 7,790,000.00 € -28.8 15,866,354.00 € 14,118,457.00 € -11.0 139,777,769.00 € 145,132,205.00 € 3.8 460,785,471.00 € 428,311,339.00 € -7.0
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DIAMONDS OF THE GREEK ECONOMY
2018
IBM HELLAS SA
Celebrating 80 years in the Greek market Information Technology
IBM has been present in Greece for decades. Its activity covers the hardware, software, networks, and the Integrated Information Technology Services areas. IBM’s business activities focus on the creation, growth and development of the era’s most advanced Information Technologies and transformation of these technologies into real business value. In Greece and Cyprus, despite the financial crisis, IBM sales between the years 2014 and 2018 recorded an overall increase of almost 30%. The company employs more than 300 people in Greece and Cyprus, and an equal number of external associates. Provision of services to companies accounts for about 60% of its sales, while government procurement accounts for only 10% to 15%. Also, in 2015-2016, IBM created a new data center in Athens. IBM has a 107-year history behind it, with worldwide 2017 sales to $79.1 billion. It employs more than 400,000 people in 177 countries, and has 58 data centers in 19 countries. IBM is the largest international company in business services.
Commercial
Turnover 82,887,000.00 €
PROFIT BEFORE TAXES 7,743,000.00 €
Contact details 284 Kifissias Ave., 152 32, Halandri, Attica, Greece Tel.: +30 210 6881111 Fax: +30 210 6801300 E-mail: direct@gr.ibm.com Website: www.ibm.com
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
IBM HELLAS SA 2015 78,350,000.00 € 5,138,000.00 € 16,541,000.00 € 8,650,000.00 € 55,725,000.00 €
2016 Change (%) 82,887,000.00 € 5.8 7,743,000.00 € 50.7 18,953,000.00 € 14.6 4,903,000.00 € -43.3 54,276,000.00 € -2.6
BIOMAR HELLENIC S.A.
A leading fish feed company Aquaculture Industrial
Turnover 64,429,985.00 €
PROFIT BEFORE TAXES 7,717,463.00 €
Contact details 6th Block, Β’ Volos Industrial Zone, 37500 Velestino, Volos, Greece Tel: +30 24250 61500 Fax: +30 24250 24031 E-mail: info@biomar.gr Website: www.biomar.gr
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BioMar Group is one of the leading suppliers of high performance fish feed to the aquaculture industry. Its 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 lifecycle of the fish, including larvae feed, fry feed, smolt feed, grower feed, and brood stock feed. BioMar Hellenic is the fully owned subsidiary of BioMar Group in Greece, and part of its Continental Europe Region. It was established in 1989 and since 2001 operates its own fish feed factory located in the 2nd Volos Industrial Park in Velestino, which has a capacity of more than 50,000 tonnes of production per year. Today it employs a staff of more than 30. The Greek factory of BioMar supplies mainly the Greek market, but it is also responsible for sales of fish feed in the East Mediterranean, the Balkans and Middle East countries. Exports account for 10% of total sales in more than 10 countries in the area. Apart from feeds for sea bass and sea bream, the factory also 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.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
BIOMAR HELLENIC ΑΒΕΕΙ 2015 2016 Change (%) 53,699,991.00 € 64,429,985.00 € 20.0 2,601,854.00 € 7,717,463.00 € 196.6 8,354,626.00 € 13,998,047.00 € 67.5 14,052,388.00 € 20,296,628.00 € 44.4 46,689,692.00 € 31,967,953.00 € -31.5
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DIAMONDS OF THE GREEK ECONOMY
2018
ROLEX SKY-DWELLER
Watches Commercial
THIS WATCH IS A WITNESS TO MECHANICAL INGENIUTY
Turnover 50,028,704.00 €
PROFIT BEFORE TAXES 7,489,539.00 €
The most sophisticated Rolex model, the Sky-Dweller is a witness to watchmaking ingenuity. Built the Rolex Way, its Saros annual calendar intelligently distinguishes between 30- and 31-day months. A perfect travel companion, its 24- hour offcentre disc on the dial always points to the time at home while the hour hand can be easily set to display a second time zone. The Ring Command bezel allows the wearer to set the different functions quickly and securely. A cutting-edge mechanical performance resulting from centuries of tradition.
ROLEX HELLAS S.A.
Contact details 5, Valaoritou Str., Tel.: +30 210 3621138-1 Kolokotroni Str. Tel.: +30 210 3235909 Website: www.rolex.com
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
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ROLEX HELLAS S.A. 2015 57,572,934.00 € 5,940,133.00 € 11,839,956.00 € 5,919,515.00 € 4,623,522.00 €
2016 Change (%) 50,028,704.00 € -13.1 7,489,539.00 € 26.1 12,738,714.00 € 7.6 7,431,796.00 € 25.5 5,186,442.00 € 12.2
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DIAMONDS OF THE GREEK ECONOMY
2018
Consumer Products Industrial Turnover 103,770,523.00 €
PROFIT BEFORE TAXES 7,378,764.00 €
JOHNSON & JOHNSON HELLAS SA
43 years of successful business in Greece
Johnson & Johnson is a dynamic multinational giant active in the consumer, pharmaceutical and medical markets. The successful history of the 132-year-old group is also reflected in the fact that it holds the sixth place in consumer health care products worldwide, as well as the largest company in medical and diagnostic equipment, the fourth largest in biotechnology, and the eighth largest pharmaceutical industry. The group owns more than 250 subsidiaries in 60 countries, employing a worldwide staff of approximately 127,000. It further operates 119 facilities worldwide, most of them located in Europe (37), covering about 21.5 million square feet. In 2017, the group made total sales of $76.4 billion versus $71.8 billion in 2016, an increase of 6.3%. The largest portion of sales came from the pharmaceutical industry ($36.3 billion), followed by medical devices ($26.6 billion) and consumer products ($13.6 billion). In Greece, Johnson & Johnson (J&J) was established in 1975, and markets consumer and medical products, many of which are produced at its plant in Mandra, Attica. J&J Group operates in Greece in three sectors: consumer products, medicines and medical supplies, with an equal number of subsidiaries. Janssen’s medical preparations are managed by Janssen, medical devices by Johnson & Johnson Medical Devices, and consumer products from Johnson & Johnson Consumer. In the pharmaceutical sector, the group markets products in the following categories: Oncology - Chemistry, Neuroscience, Immunology, Infectious Diseases and Cardiovascular System and Metabolic Diseases (Diabetes). In the medical field, it offers: surgical, orthopaedic, cardiological, sterilization, glucose and contact lenses. Finally, the consumer sector covers the following categories: baby & children’s cosmetics, oral hygiene products, adult cosmetics, wound care products, feminine hygiene products and OTC products. The Group’s factory in Greece is one of the three J&J consumer products manufacturing plants in Europe, and 40% of Europe’s new consumer products are being developed and produced here. The firm invests an estimated €3m annually in the development of equipment and production systems. Already, as much as 95% of production in Greece is exported to 33 countries, while the company has the flexibility required to manage costs and maintain competitiveness.
Contact details Aigialias St. & 4 Epidavrou St., 151 25 Marousi, Athens, Greece Τel. +30 210 6875.555 Fax: +30 210 6850.309 Website: www.johnsons.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
JOHNSON & JOHNSON HELLAS SA 2015 2016 Change (%) 91,408,996.00 € 103,770,523.00 € 13.5 -15,909,646.00 € 7,378,764.00 € 21,460,039.00 € 29,943,361.00 € 39.5 155,474,585.00 € 162,733,802.00 € 4.7 15,515,549.00 € 16,927,973.00 € 9.1
DIAMONDS OF THE GREEK ECONOMY
2018
B&F SA
Posting higher sales and profitability in 2016 Founded in 1980, under the company name BSB, the enterprise switched to its new name, B&F, in August 2014. It entered the business of producing and trading women’s clothing. In more recent years, the firm has also made a dynamic entry into women’s accessories, shoes, underwear and swimsuits. B&F AVEE CLOTHING CLUB, with 37 years of experience and knowledge, is today one of the most dynamic women’s fashion groups in Greece, consisting of two retail chains: BSB and Lynne. In recent years, the group has had a strong international presence as it operates in 19 countries, including Italy, France, Spain, Germany, Romania and Turkey. B&F in 2017 employed a staff of nearly 900, an increase of 39% over the previous year. The firm operates a facility at its privately-owned property in the Nea Philadelphia district, NW Athens, by the national highway. Investments at this facility have exceeded €20 million. Spread over 20,000 square meters on a plot of land measuring 2.6 hectares, the facility includes the company’s administrative division, as well as logistics, tailoring, and quality-control departments.
Clothing Industrial
Turnover 62,805,612.00 €
PROFIT BEFORE TAXES 7,116,245.00 €
Contact details 10th km Athens-Lamia National Highway, 143 42 Nea Philadelphia, Attica, Greece Tel: +30 210 2509000 E-mail: info@bsbfashion.com Website: http://www.bsbfashion.com/
B&F SA
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
2015 56,421,774.00 € 4,687,146.00 € 31,289,819.00 € 28,554,660.00 € 56,454,682.00 €
2016 Change (%) 62,805,612.00 € 11.3 7,116,245.00 € 51.8 36,229,935.00 € 15.8 29,779,197.00 € 4.3 56,434,115.00 € 0.0
NEWREST HELLAS SA
Offering services of exceptional quality services Commercial
Turnover 43,183,920.00 €
PROFIT BEFORE TAXES 6,907,371.00 €
Contact details Athens International Airport, Building 14A, 19019 Spata, Attica, Greece Tel.: + 30 210 3541150 Fax: + 30 210 3545114 E-mail: r.skaropoulou@newrest.eu Website: www.newrest.eu/en/europe/ greece
With origins in Group Catair, Newrest was founded in 1996 by its co-CEOs Olivier Sadran and Jonathan Stent-Torriani in Toulouse, France. Just under two decades later, Newrest stands as a global leader in multi-sector catering and operates in 49 countries with a workforce of more than 30,000 employees. Newrest is the only major catering company active in all catering and related hospitality segments, including airline catering, buy-on-board, duty-free on board, rail catering, concession retail, contract catering, remote sites and support services. In Greece, the company is based at the Athens International Airport, and operates as many as 25 branches throughout the country. It employs a staff of 827, and serves more than 32,000 meals daily. Newrest Greece has renewed all of its Quality, Food Safety, Environmental and Health & Safety Management Systems certifications (ISO 9001:2015, ISO 22000:2005, ISO 14001:2015 and OHSAS 18001:2007). The Group is a global leader in multi-sector catering and achieved consolidated sales of €1.27 billion in 2017, representing annual growth of 13%, of which 9% is organic. The rate of growth in all business segments was satisfactory, particularly for group catering and remote site management, which increased by 25%. The breakdown of sales by business segment is as follows: Inflight catering (including onboard duty-free): 38%; Group catering and remote site management: 34%; Rail catering: 23%; and, Airport retail concessions: 5%. The share of group catering and remote site management in the Group’s financial performance increased from 30% in 2016 to 34% in 2017. The airline service segment totalled 38% as compared to 41% in 2016.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
NEWREST HELLAS SA 2015 2016 Change (%) 40,503,545.00 € 43,183,920.00 € 6.6 5,874,213.00 € 6,907,371.00 € 17.6 - - 10,769,753.00 € 11,430,058.00 € 6.1 13,245,406.00 € 12,563,820.00 € -5.1
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DIAMONDS OF THE GREEK ECONOMY
2018
Pharmaceuticals Industrial Turnover 25,800,000.00 €
PROFIT BEFORE TAXES 6,770,000.00 €
COOPER PHARMACEUTICALS S.A.
In drug production for 81 years
Pharmaceutical company COOPER S.A., established in 1936, has always been applying pioneering techniques in the production of parenteral solutions, injectable antibiotics, classic and unique hospital drugs. The company is widely known for its fully tested line of eye products, as well as for its significant collaborations with recognized foreign firms. The firm’s portfolio also includes the following products: antibiotics, small volume injections, laxatives, veterinary, parenteral solutions of large volume and syrups. Flexibility, speed, adaptation and integration of both new technologies and new management methods, the adoption of quality standards in both the production process and quality control as well as in the other activities, and the full exploitation of its considerable capital, its human resources, lead it to develop and consolidate it as an essential firm in its field. In addition, the company is also active in the export segment. Since 2009, Cooper has entered a collaboration with Fresenius Kabi Hellas on the hospital market, which includes the distribution, promotion and sale of a range of injectable generic products (antibiotics and anesthetics). At the same time, the company, having gained trust but also the capacity, has undertaken for third parties the production of injectable products as well as eye drops such as: SPECIFAR, DEMO, HELP, MEDICUS, NORMA, VERISFIELD, PROEL, MEDITRINA, PHARMALINE, PHARAN, PHARMEX, PHARMANEL, ALET, etc. Cooper’s production plant is equipped with all necessary facilities to ensure optimum production conditions in line with the requirements of the Good Manufacturing Practices (GMP). It is also licensed to manufacture pharmaceutical products for human use by Greece’s National Organization for Medicines (EOF), as it meets all the necessary legislative requirements, both national and European. All production departments are regularly inspected by EOF in accordance with European legislation.
Contact details 64 Aristovoulou St., 118 53 Athens, Greece Τel.: +30 210 3462.108 Fax: +30 210 3462.007 Website: www.koper.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
COOPER PHARMACEUTICALS S.A. 2015 2016 Change (%) 17,864,205.00 € 25,803,921.00 € 44.4 2,974,053.00 € 6,773,885.00 € 127.8 7,326,755.00 € 12,466,528.00 € 70.2 5,843,699.00 € 9,525,701.00 € 63.0 12,557,182.00 € 10,310,872.00 € -17.9
DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Industrial Turnover 36,501,919.00 €
PROFIT BEFORE TAXES 6,757,832.00 €
EURIMAC S.A.
European Pasta Company
EURIMAC is a joint venture company, the product of a strategic cooperation between the well-known Greek pasta company MACVEL SA, which has been operating in Greece and Europe since 1939, and EURICOM S.p.a., an Italian group of companies producing pasta, flour and rice. Founded in May 1996 in the Kilkis industrial Area, EURIMAC employs a specialized workforce with many years of experience in the manufacturing of pasta products. Full Automation & Vertically Integrated Production The company specializes in the manufacturing of Private Label products, as well as its own brands. It has invested heavily in the construction of a state-of-the-art pasta production plant, implementing the highest standards of quality and hygiene, with an annual production capacity of over 75,000 tons. At the end of 2006, EURIMAC completed a processing mill for durum wheat adjacent to the factory, a development that allowed further improvement in the quality of semolina and further reduction in production costs, making the company 100% vertically integrated. Packaging, Storage & Ongoing quality assurance EURIMAC has invested significantly in full automation, with Robotic packaging machinery, as well. In June 2010, EURIMAC built a 10,000 pallet position warehouse at the production plant, one of the largest of its kind in Greece. The entire process of production, packaging and storage is certified to the most widely recognized standards of food quality and safety, specifically ΕΝ ISO 9001:2008, EN ISO 22000:2005, BRC & IFS, making EURIMAC one of the most reliable companies in the industry, worldwide. Export Activity The company’s main activity, apart from the sale of pasta in the Greek market, is the export of pasta products to more than 45 countries in all five continents, either under its own brand names or under Private Label. EURIMAC’s current production/sales are over 55,000 tons with the export sales being over 20,000 tons in 2017. Maintaining our main strategy “High Quality – Low Cost – Optimum Service” we proceed to future adventures.
Contact details Industrial Area of Kilkis PO 61100 Kilkis, Greece Tel: +30 23410 72164 Fax: +30 23410 72160 info@eurimac.gr www.eurimac.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
EURIMAC S.A. 2015 37,256,247.00 € 3,044,094.00 € 5,686,304.00 € 34,683,328.00 € 12,214,659.00 €
2016 Change (%) 36,501,919.00 € -2.0 6,757,832.00 € 122.0 10,767,080.00 € 89.4 38,471,365.00 € 10.9 10,575,706.00 € -13.4
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DIAMONDS OF THE GREEK ECONOMY
2018
Balakanakis Bros SA
Exporting fruits since 1976 Food Products Industrial
Balakanakis Bros – Olympic Fruit SA is the Greek canned fruit sector’s largest firm, in terms of sales and profit figures. Following several years of operation in the local fruit and vegetable market, the company’s founder, Thanassis Balakanakis, began supplying European consumers with Greek fresh fruits, such as citrus, grapes and apricots, in 1976. Freshness, taste, and nutrition were, and remain, the main company concerns with regard to its exports. This is achieved by selecting the best produce Greece has to offer. Balakanakis Bros markets: oranges, mandarins, apricots, grapes, kiwis, cherries, plums, peaches, nectarines and asparagus. The company is based in Nafplio, Peloponnese, south of the Greek mainland, where a fully equipped packing facility prepares products cultivated in southern Greece for export. The constant growth 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 built in Pella, Macedonia, northern Greece, where the region’s fruits and vegetables are packaged and exported.
Turnover 47,545,872.00 €
PROFIT BEFORE TAXES 6,711,298.00 €
Contact details Argoliko-Nafplio, 21100, Nafplio, Greece Tel.: +30 27520 36400 Fax: +30 2520 36348 E-mail: info@balakanakis.gr Website: http://www.balakanakis.gr/
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Balakanakis Bros SA 2015 42,276,761.00 € 6,953,037.00 € 13,105,535.00 € 30,824,506.00 € 6,894,250.00 €
2016 Change (%) 47,545,872.00 € 12.5 6,711,298.00 € -3.5 15,419,610.00 € 17.7 35,523,862.00 € 15.2 3,740,238.00 € -45.7
LUXOTTICA HELLAS SA
A global leader in sunglasses Miscellaneous Commercial Turnover 27,126,516.00 €
PROFIT BEFORE TAXES 6,637,308.00 €
Contact details 3 Anthousas Ave., 153 51, Pallini, Attica, Greece Tel: +30 2106669300 Fax: +30 2106669301 Website: http://www.luxottica.com
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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. Luxottica Hellas markets sunglasses and reading glasses manufactured at the Luxottica plant, as well as sunglasses by celebrated firms, including Byblos, Yves Saint Lauren, and Bvlgari, Giorgio Armani, Emporio Armani, Prada, Prada Linea Rossa, Miu Miu, Dolce & Gabbana, Persol, Burberry, Oakley, Vogue and Ray-Ban. 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 SpA 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 as Giorgio Armani, Burberry, Stella McCartney, Versace, Vogue, Miu Miu, Tory Burch, and Donna Karan. Nowadays, the company has presence across 150 countries with more than 8,800 retail stores, 13 distribution centers and 13 manufacturing facilities. It employs a staff of some 85,000. In 2017, Luxottica posted a rise in sales to €9.2 billion, while operating income was €1.3 billion and net income increased to €1.04 billion. Manufacturing and wholesale contributed €3.5 billion to total sales, while retail contributed €5.6 billion.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
LUXOTTICA HELLAS SA 2015 2016 Change (%) 25,563,826.00 € 27,126,516.00 € 6.1 5,606,259.00 € 6,637,308.00 € 18.4 9,603,941.00 € 10,512,675.00 € 9.5 6,379,075.00 € 7,185,059.00 € 12.6 5,044,428.00 € 732,080.00 € -85.5
DIAMONDS OF THE GREEK ECONOMY
2018
Plastics Industrial Turnover 36,830,346.00 €
PROFIT BEFORE TAXES 6,605,695.00 €
FIBRAN D. ANASTASIADIS SA
Playing a leading role in Greece and Europe
FIBRAN was founded in 1974 by its current CEO, Mr. Demetrios Anastasiadis, and since 1995 plays a leading role as a producer of insulation materials both in Greece and Europe. Today, Fibran has 6 production units, utilizing the latest technology for the manufacture of insulation products (Extruded Polysterene, Stonewool and Expanded Polysterene), as well as Gypsum Boards. In Greece, in its industrial plant located in the Terpni village, Serres, Fibran produces stonewool insulation products with the brand name FIBRANgeo and extruded polysterene products with the brand name FIBRANxps. Other extruded polysterene production units are located in Portugal, Bulgaria and Slovenia. FIBRAN is currently the third largest producer of extruded polysterene in Europe. In Italy, the firm has invested in the production of gypsum products (gypsum boards and bagged products), as well as in the distribution of insulation, waterproofing and dry construction materials. It also produces expanded polysterene in the Former Yugoslav Republic of Macedonia (FYROM). The company’s products are distributed either via subsidiary companies, or via a wide network of authorized dealers, to over 30 countries worldwide. In addition, Fibran is also active in the field of research, through its collaboration with academic institutions, both in Greece and abroad. The firm aims at providing comprehensive solutions and products for the protection of building and industrial structures. The company further aims at providing continuous education to the technical world via the publication of handbooks, software programs, and by frequently organizing scientific seminars and conferences in Greece and abroad.
Contact details 6th Km Thessaloniki-Oreocastro Highway 57013 Oreocastro, Thessaloniki Tel: +30 2310 682425 Fax: +30 2310 683131 E-mail: fibran@fibran.gr Website: www.fibran.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
FIBRAN D. ANASTASIADIS SA 2015 2016 Change (%) 29,474,444.00 € 36,830,346.00 € 25.0 4,261,228.00 € 6,605,695.00 € 55.0 8,591,653.00 € 11,685,099.00 € 36.0 69,187,419.00 € 73,649,559.00 € 6.4 4,868,459.00 € 6,637,381.00 € 36.3
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DIAMONDS OF THE GREEK ECONOMY
2018
It & Office Products Commercial Turnover 2017 281,146,000.00 €
PROFIT BEFORE TAXES 2017 7,320,000.00 €
Plaisio Computers S.A.
The innovative leader in technology
Costas Gerardos, Vice President & CEO
Plaisio Computers holds the first place in Technology & Office products and plays a leading role in the Greek market for over 49 years. Since 1969, the company constantly invests in the improvement of its channels, physical and digital (22 stores located in major cities, the website plaisio.gr with more than 110,000 daily visits, B2B channel which serves more than 180,000 businesses, direct sales, etc.), so that all consumers receive a fresh and up-to-date experience, as well as innovative and personalized services. Plaisio founded its HQ-Assembly-Logistics Center in Magoula, Attica in a proprietary area of 22,500m2 with a production capacity of 300,000 computers yearly, and the biggest technology stock in Greece. In the same area, Plaisio operates a 1,200m2 store and its administration offices. Additionally, the company’s social media profiles (Facebook, Twitter, Pinterest, YouTube, Google+, Instagram) lead the competition with more than 1,500,000 followers. The key factors of Plaisio’s success are its brand building strategy (Turbo-X, Sentio, Q-Connect), its direct connection with international leaders in computer components, e.g. Intel & NVIDIA, the wide range of more than 22,000 products and competitive prices combined with cutting-edge technology. Also, the company offers a complete experience to its customers by providing after sales and technical support services. During 2017, Plaisio: ● Launched a new B2B eCommerce channel, through the website www.plaisiopro.gr. ●A cquired two international certificates from Intel and NVIDIA, re-establishing the company’s leading position in the minds of gamers in Greece. ●P ublished its yearly Sustainability Report, which included information about the company’s employees, as well as social, environmental and economic data. ●R eceived more than 10 awards and recognitions, proud to be recognized as one of the “Best Workplaces 2017”.
Contact details Thesi Skliri, Magoula Attica 19018 Tel: +30210-5587000 Website: www.plaisio.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Plaisio Computers S.A. 2017 2016 Change (%) 281,146,000.00 € 279,020,000.00 € 0.8% 7,320,000.00 € 6,548,000.00 € 11.8% 60,230,000.00 € 58,783,000.00 € 2.5% 91,858,000.00 € 87,924,000.00 € 4.5% 63,988,000.00 € 60,383,000.00 € 6.0%
DIAMONDS OF THE GREEK ECONOMY
2018
Fast Food Chain Commercial Turnover 40,290,685.00 €
PROFIT BEFORE TAXES 6,401,042.00 €
GREGORY’S MICROMEALS – GEORGATOS S.A.
Europe’s 8th largest coffee store chain
The history of Greece’s most popular coffee and fast food chain begins in 1972, when Grigoris Georgatos opened what was to be become the first Gregory’s in the Athens suburb of Dafni. With the finest fresh ingredients, recipes that are both traditional and unique, attention to detail and above all a smile, his first store became the benchmark for the future development of the network. 45 years later, Gregory’s is where more than 250,000 satisfied customers stop to refuel every day. Gregory’s offers a wide range of traditional pies, delicious sandwiches, fine coffee, and fresh juices. Today, with more than 315 stores in Greece, Cyprus, Germany and the Bahamas, the firm is the 8th biggest coffee store chain in Europe. Specifically, in Germany, following the launch of a store in 2015 in Berlin, the presence of the company was further strengthened through 4 new stores. Gregory’s has established and implemented an integrated Quality, Food Safety and Environmental Management System according to: ISO9001:2015, ISO 22000:2005, ISO 14001:2015 international standards, certified by the internationally recognized and accredited certifying organization TUV HELLAS. Moreover, all stores comply with HACCP principles. Gregory’s actively supports the non-profit organization “Boroume”, helping to reduce food waste and combat hunger. We donate more than 500,000 micromeals a year to “Boroume” and other local organizations, to help cover the needs in food of our fellow citizens. An illustration of the company’s strong social activity is also the fact that between November 2015 and June 2016 the firm allocated more than 1.0 million portions of food to 11,500 pupils, in 70 schools located in areas with social and economic burdens, in cooperation with six more companies.
Contact details 8 Archeou Theatrou St., Alimos, Athens, Greece Tel.: +30 210 9971100 Fax: 210 9956433 E-mail: info@gregorys.gr Website: https://www.gregorys.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
GREGORY’S MICROMEALS – GEORGATOS S.A. 2015 2016 Change (%) 11,810,469.00 € 40,290,685.00 € 241.1 -2,012,793.00 € 6,401,042.00 € 418.0 9,520,772.00 € 20,520,156.00 € 115.5 610,388.00 € 31,899,507.00 € 5126.1 42,548,971.00 € 21,429,078.00 € -49.6
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DIAMONDS OF THE GREEK ECONOMY
2018
NIREUS AQUACULTURE S.A.
Food Products Industrial Turnover 2017 185,272,922.00 €
PROFIT BEFORE TAXES 2017 21,762,159.00 €
NIREUS
Growing the finest Mediterranean fish In its 30 years of operation, and through continuous development, NIREUS conquered a leading position in the production and sale of Mediterranean fish species worldwide, simultaneously ranking among the 10 largest European aquaculture companies. Since its establishment, the company has developed industry leading knowledge in Mediterranean fish farming, setting the standards for production guidelines, product specifications, innovation and customer focused solutions. NIREUS’s core business is the production of Sea bass, Sea bream, Meagre and Pagrus, which are available throughout the year in all product forms: fresh and frozen, whole, processed, fillets and prepackaged. Furthermore, the Group’s activities include the production of juveniles, fish feed and fish farming equipment. Being a vertically integrated company, NIREUS controls the entire value chain of all of its products, ensuring that every stage of production complies with the best industry practices. Having its production facilities in Greece and Spain, the Group operates 38 fish farms, 4 hatcheries, 4 pre-fattening units, 1 genetic research and development center, 12 packaging plants, 1 fish processing plant, 3 logistics centers, 2 fish feed factories, 1 company producing fish farming equipment and 1 company operating in aviculture and stockbreeding sector. NIREUS is among the leading employers in Greece with a headcount of more than 1,150 employees across the country, contributing to the economic and social sustainability of many local communities. All employees work in a business environment that highly values integrity, health and safety, constant training and motivation.
Antonis Chachlakis, CEO
Contact details 1st km Koropiou-Varis Ave. & Dimokritou St., 19400 Koropi, Attica, Greece Tel: +30 210 6624280 Fax: +30 210 6626804 E-mail info@nireus.com Website: www.nireus.com
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›››››› The future of the industry can be ensured only by adopting practices aiming at sustainability. NIREUS manages its business within the context of sustainable development. Being committed to quality management, food safety, environmental impact management and adoption of best aquaculture practices, the Group has been certified with top class global standards. NIREUS’ extensive sales and logistics network markets and delivers more than 650 tons of fish every week to over 30 countries, meeting the needs of 400 diverse customers. In 2017, the Group posted a rise in sales to €206.7 million, up 4.3% year-on-year, with exports accounting for 79% of sales (€163.2 million).
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
NIREUS AQUACULTURE S.A. 2016 2017 Change (%) 175,043,934.00 € 185,272,922.00 € 5.8 6,509,576.00 € 21,762,159.00 € 234.3 - - 134,017,813.00 € 157,343,809.00 € 17.4 233,087,069.00 € 236,389,801.00 € 1.4
EN ISO 9001 - 2008
EN ISO 22000 - 2005
EN ISO 14000 - 2004
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DIAMONDS OF THE GREEK ECONOMY
2018
MOYSTAKAS G. N. - HYPER MARKET OF TOYS S.A.
A leading Athens-based toy chain store Miscellaneous Products
The Moustakas chain stores started as a small toy manufacturing and marketing firm, by current President George N. Moustakas, who has served as President of the Hellenic Association of Toy Manufacturers (SEVPPA) for 18 years. Since its first steps, Moustakas has set the principles and values upon which it built its reputation: QUALITY, RESPECT, and RESPONSIBILITY. Today, three generations later, the Moustakas stores continue to tenderly embrace children, remaining firm on offering select quality and exclusive toys to fully satisfy both children and parents. While toys have been changing year by year, the firm is still guided by the bright smiles on the faces of children. And this is what it views as its greatest reward.
Commercial
Turnover 52,085,093.00 €
PROFIT BEFORE TAXES 6,320,240.00 €
Contact details 17 Louvari St. & 4 Chr. Lada St., 12132 Peristeri, Attica, Greece Tel.: +30 210 5755112-3 Fax: +30 2105722813 E-mail: orders@moustakastoys.gr Website: www.moustakastoys.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
MOYSTAKAS G. N. - HYPER MARKET OF TOYS S.A. 2015 2016 Change (%) 44,602,419.00 € 52,085,093.00 € 16.8 3,176,513.00 € 6,320,240.00 € 99.0 16,996,793.00 € 20,230,692.00 € 19.0 12,949,448.00 € 16,834,070.00 € 30.0 30,581,920.00 € 39,106,941.00 € 27.9
Alchimica SA
Greek high quality and hi-tech products Chemical Products Industrial
Turnover 31,385,701.00 €
PROFIT BEFORE TAXES 6,295,638.00 €
Contact details 7 Lampsakou St., 115 28 Athens, Greece Tel.: +30 214 4167 700 E-mail: alchimica@alchimica.com Website: www.alchimica.gr
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ALCHIMICA SA is a dynamic company specializing in the development and production of chemicals for the building, as well as 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 polyurethane systems have a proven track record of high performance in numerous prestigious construction works around the world. The company’s portfolio contains the following product categories: waterproofing, flooring, primers, top coats, injection foams, joints sealants, repair products/adhesives, additives and other products. Alchimica’s product portfolio is vast and continuously increasing, in line with the industry’s needs. All Alchimica products are based on proprietary technology and knowledge offering the company a great advantage as far as flexibility and economics are concerned. ALCHIMICA’s products are being produced under the highest standards in five production units of a total space of 55,000sqm in Greece and in Europe. The company’s administration offices are housed in the firm’s newly built headquarters in the center of Athens. With a 35-year legacy, the firm’s exports today account for almost 80% of its sales in more than 100 countries across 5 continents. Through innovation, continuous and extensive research and development and three (3) state-of-the-art production plants in Greece, the company has been able to more than double its turnover in recent years, rising in 2017 to €37.5 million.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Alchimica SA 2015 31,367,133.00 € 6,590,745.00 € 9,560,757.00 € 8,567,389.00 € 8,787,813.00 €
2016 Change (%) 31,385,701.00 € 0.1 6,295,638.00 € -4.5 9,230,108.00 € -3.5 12,036,196.00 € 40.5 9,340,040.00 € 6.3
DIAMONDS OF THE GREEK ECONOMY
2018
OFFICE MACHINES Commercial Turnover 43,442,256.00 €
PROFIT BEFORE TAXES 6,262,311.00 €
HEWLETT PACKARD HELLAS LTD
Posting higher sales in 2017
The story of one of the most famous companies worldwide began in the distant 1938. It was then when Bill Hewlett and Dave Packard started HP through a rented garage. The company in the same year of establishment launched its first product, the resistancecapacitance audio oscillator, used to test sound equipment. They named it the HP Model 200A. HP became a corporate enterprise in 1947, with Dave Packard as president and Bill Hewlett as vice president. Over the years, the company developed continuously, launching new products such as HP-65 (in 1974), which was the world’s first programmable pocket calculator. HP produced the laser interferometer, capable of taking infinitesimal measurements, until 1980, when the company introduced its first personal computer, the HP-85. The unit had input/output modules that allowed it to control instruments, add on more powerful peripherals and even to talk to other computers. A series of new innovative products followed, such as the HP-75C, the first hand-held computer. HP delivered its first laptop, the HP-110, in 1984. The company ranks as a leading force in its field. HP markets products for home use and for enterprises. Moreover, regarding the home products, its product mix includes: Laptops, Tablets, Desktops, Monitors, Printers (including inks, toners & paper), general accessories and services & apps. For enterprises it offers: Computers, Networking (Data centers, Wireless Networking, Campus Networking etc.), Printers, Servers, Software (such as Hybrid cloud management, Information Governance, Information Management and IT service management etc.) and Storage (Backup, recovery & archive, Enterprise application storage, Primary storage and Software-defined storage). On a global level, HP in 2017 posted a rise in net revenue to $52 billion, compared to $48.2 billion a year earlier. The largest part of sales came from notebooks ($19.7 billion), followed by Printing ($18.8 billion), Desktops ($10.2 billion), Workstations ($2 billion) and other ($1.2 billion). HP’s growth in recent years has relied internationally, among others, on a number of acquisitions in various software sectors. The Greek subsidiary currently employs a staff of 120. Following HP’s latest international redeployment, Greece has “changed its neighborhood” and now is part of the Southern European region along with Spain, Portugal, Italy, Israel, Cyprus, etc.
Contact details 1-3 Tzavella St., 152 31 Halandri, Attica, Greece Tel.: +30 2111885000 Fax: +30 2111885377 Website: www8.hp.com
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
HEWLETT PACKARD HELLAS Ltd 2015 2016 Change (%) 44,369,750.00 € 43,442,256.00 € -2.1 9,978,636.00 € 6,262,311.00 € -37.2 10,403,402.00 € 10,285,358.00 € -1.1 19,657,724.00 € 14,062,520.00 € -28.5 18,732,263.00 € 18,520,450.00 € -1.1
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DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Industrial Turnover 71,979,108.00 €
PROFIT BEFORE TAXES 7,525,098.00 €
Barilla Hellas S.A.
Local production, global outlook and the responsible operation: The trilogy of success
Contact details 26 Pappou St. & Akragantos St.,10442 Athens, Greece Tel: +30 210 5197800Fax: +30 210 5197859 www.misko.gr / www.barilla.gr / www.grancereale.gr/ www.miskoprogrammasitou.gr Social Media www.facebook.com/misko.greece www.facebook.com/barillagreece www.facebook.com/grancerealegreece Instagram: @grancereale_gr @miskopasta @barillagr
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Barilla Hellas is the largest pasta company in the country. It produces and distributes top quality Barilla and MISKO products in Greece and in 19 countries of Southeastern Europe that are in its administrative jurisdiction, with total turnover exceeding 150 million euros in 2017. Barilla Hellas has steadily held the first place in the Greek market, with a share of 43.3% in pasta and 70% in sauces. In parallel, the company has consolidated its position internationally, marking significant growth in East European markets and gaining high shares in consumer preference in Poland, Hungary, Romania, Slovenia, Croatia and Serbia, among others. Barilla Hellas exports more than 25,000 tons of products per annum to 30 countries all around the world. In the past 20 years, Barilla Hellas has carried out an extensive investment program in Greece that exceeds 75 million euros for its production plant in Thiva and the Mill in Volos. The company also implements the innovative “MISKO - Hellenic Wheat Program” aiming at educating farmers all over the country about sustainable agriculture and the optimum ways of wheat farming, while ensuring high performance, natural ingredients, soil fertility and resources preservation, as well as the protection of the environment from intensive cultivation, energy consumption and pesticide use. Barilla Hellas absorbs 70,000 tons of Greek wheat every year, while its sustainable contract farming program extends to 60,000 acres of Greek farms. Operating with a steadily extrovert orientation that exports added value-made-in-Greece, the company that has never produced “private label” products, has managed to continue growing despite Greece’s financial crisis, with zero bank debt while maintaining job positions and salaries. Barilla Hellas’s competitive advantage both in terms of infrastructure excellence and sustainability is underlined by a long tradition of innovation in order to respond to the nutritional trends of contemporary consumers. In this framework, the company’s investment in developing and offering top quality and tasty products, drives the growth of the entire pasta category in the country. The company has an active social responsibility track record supporting in practice over 100 NGOs, charitable organizations and soup kitchens all over Greece with more than 300 tons of products each year. With two of the most emblematic and well-loved brands, MISKO and Barilla, in its portfolio, Barilla Hellas has managed to build a strong relationship of trust in Greece and abroad. The quality, honesty and sincerity that lie at the heart of the company’s philosophy have succeeded in creating and sustaining over time a unique bond that complements and reaffirms the company’s strategic standing with consumers, based on the solid proof that these principles will never be compromised.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Barilla Hellas S.A. 2016 71,686,156.00 € 6,228,171.00 € 31,722,318.00 € 44,092,126.00 € 16,005,932.00 €
2017 Change (%) 71,979,108.00 € 0.4 7,525,098.00 € 20.8 32,596,592.00 € 2.8 45,974,600.00 € 4.3 11,095,343.00 € -30.7
DIAMONDS OF THE GREEK ECONOMY
2018
Pharmaceutical Products Commercial Turnover 105,664,275.00 €
PROFIT BEFORE TAXES 6,225,662.00 €
JANSSEN PHARMACEUTICAL SACI
“Because patients are waiting”
Makis Papataxiarchis, Managing Director of Janssen Greece, Pharmaceutical Companies of Johnson & Johnson, President of PhRMA Innovation Forum, Chairman of AMCHAM Pharma Committee
At Janssen, the pharmaceutical companies of Johnson & Johnson, our mission is to transform individual lives and change fundamentally the way diseases are managed, interpreted, and prevented. We are actively developing treatments for our patients in five important therapeutic areas of healthcare: Oncology, Neuroscience, Immunology, Infectious diseases & vaccines, and Cardiovascular & Metabolic diseases. We aim to make the most fundamental change in the way diseases are managed. We have a leading portfolio of solutions that can alleviate, contain or cure some of the world’s most serious conditions and diseases. But we go one step further in our commitment. We are building great healthcare solutions that will bring benefits to patients and add value to society and our company’s stakeholders. We are focused on operating in transparency and building trust by listening to the people involved in healthcare decisions. We work together with today’s informed and empowered patients to ensure our solutions are designed for and reach the people who need them. We work for change that will improve access to medicines: the best available treatment at an affordable price. That’s why we at Janssen strive to provide access to effective and affordable medicines and related health care services across the world. Also, we believe our purpose is more than creating safe and effective medicines. It’s about sustaining a healthier world. This is our aspiration and we choose to pursue it in a way that benefits the people, communities and environments we touch. Putting all these factors together, we are looking at a future where patients and their families have a new sense of hope. Hope for a cure. For more information, please visit us at http://www.janssen.com/greece/.
Contact details 56, Eirinis Avenue, 151 21, Pefki, Attica, Greece Tel.: +30 210 8090000 Fax: +30 210 6140072 Website: www.janssen.com/greece/
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
JANSSEN PHARMACEUTICAL SACI 2015 2016 Change (%) 115,980,887.00 € 105,664,275.00 € -8.9 3,941,131.00 € 6,225,662.00 € 58.0 28,554,904.00 € 27,967,154.00 € -2.1 72,144,276.00 € 77,830,976.00 € 7.9 26,501,541.00 € 31,845,083.00 € 20.2
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DIAMONDS OF THE GREEK ECONOMY
2018
SMIRDEX SA
Exporting 80% of production Non – Metallics
Smirdex SA ranks as one of the leading manufacturers of coated abrasives in southeastern Europe. Located in northern Greece, on a 32,000sqm land plot with 16,000 sqm of built-up surface, Smirdex has been producing coated abrasives of high quality since 1981. Its product lines cover automotive, wood, marble, constructions, metal and accessories. Thanks to continuous efforts for improvement by the firm’s specialized staff, the company has managed to grow and meet the sector’s high demands. The firm recently added a new, technologically advanced production line that has boosted its production capacity to 40,000sqm per shift. Today the company exports to more than 50 countries worldwide. Up to 80% of its production is exported whilst 20% is distributed in the Greek market. Our major goal is to encounter the evolving needs of modern professionals and therefore we constantly invest in research and development.
Industrial
Turnover 15,714,603.00 €
PROFIT BEFORE TAXES 6,212,226.00 €
Contact details Lefki-Xanthi, 67100, Xanthi, Greece Tel: +30 25410 27836 Fax: +30 25410 72323 E-mail: pr@smirdex.gr Website: smirdex.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SMIRDEX SA 2015 13,265,040.00 € 5,056,978.00 € 6,146,364.00 € 16,707,074.00 € 2,030,611.00 €
2016 Change (%) 15,714,603.00 € 18.5 6,212,226.00 € 22.8 7,475,178.00 € 21.6 20,038,686.00 € 19.9 3,329,136.00 € 63.9
HERON SA
Empowered by its two power stations Energy Industrial
Turnover 193,725,000.00 €
PROFIT BEFORE TAXES 6,192,000.00 €
Heron SA is a group of companies active in power generation and supply, which began operation in 2000. The firm is today supported by three major energy groups. Heron was the first private group to operate in Greece’s liberalized energy market. In 2014, the company built Greece’s first privately-owned power plant, while a second, combined cycle power plant was built in 2009 at the same location. HERON was established by the GEK TERNA Group, which is a leader in energy generation from conventional and renewable (RES) sources in Greece and abroad. ENGIE (ex GDF Suez), i.e. the largest independent electricity producer and supplier in the world, entered its list of shareholders in 2009. Moreover, QATAR PETROLEUM (through QPI GAS & POWER OPC.), i.e. yet another global leader in the energy sector, successfully acquired a holding in the share capital of the HERON II power plant in March 2014. HERON has engaged dynamically in power generation for more than ten years through the companies HERON THERMOELECTRIC SA (HERON I) and HERON II VIOTIA THERMOELECTRIC POWER PLANT SA (HERON II). It was the first Group to implement such an investment in Greece in 2000, in anticipation of the liberalization of the electricity market. Currently, the total installed capacity of the two (2) gas-fired power plants set up outside Thiva stands at 582 MW.
Contact details 124 Kifissias Ave., 11526, Athens, Attica, Greece Tel: +30 213 0333000 Fax: +30 210 6968196 E-mail: CustomerCare@heron.gr Website: http://www.heron.gr
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HERON SA
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
2015 131,381,000.00 € 7,326,000.00 € 10,449,000.00 € 40,450,000.00 € 49,206,000.00 €
2016 Change (%) 193,725,000.00 € 47.5 6,192,000.00 € -15.5 13,353,000.00 € 27.8 44,762,000.00 € 10.7 58,257,000.00 € 18.4
DIAMONDS OF THE GREEK ECONOMY
2018
Frezyderm S.A.
The skin science Cosmetics Industrial Turnover 39,806,527.00 €
PROFIT BEFORE TAXES 6,170,559.00 €
Contact details 75 Menandrou St., 104 37 Athens, Greece Tel.: +30 210 5246900 Fax: +30 210 5244433 Email: info@frezyderm.gr Website: https://www.frezyderm.gr
FREZYDERM is a Greek company founded in 1986 by Anastasios Anastasiou for the design, production and marketing of dermatological products, their presentation to dermatologists and distribution via the pharmaceutical distribution channel. The main goal was and remains the design and production of safe and effective, high-quality products under strict pharmaceutical criteria. In the following five years, FREZYDERM, in order to continuously upgrade its products and develop new ones, as well as to meet the needs of both the medical community and the consumer community, created a Dermo-Cosmetics R&D department, with the aim to renew old products according to European legislation and new developments in the scientific research field. Based on the above, FREZYDERM entered collaborations with European Universities for the study and evaluation of its products, as well as the exchange of information and new data concerning all types of cosmetic products. Today FREZYDERM is run by the two sons of its founder: Mr. Ioannis Anastasiou, Chairman and Managing Director, and Mr. Efthymios Anastasiou, Vice President and Managing Director of the factory. The firm has a portfolio of more than 200 products and employs a staff of 205, in administration, production, medical, sales and logistics departments. In addition to its successful course in Greece, FREZYDERM has successfully penetrated international markets, having developed a successful B2B strategy that places it among the most innovative partners. So far, the firm’s extroversion has led its products to more than 20 countries. In 2017, it received an honorary distinction at the “Leaders of the Greek Economy”, under the category “Greek Business Champions”.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
FREZYDERM S.A. 2015 33,261,829.00 € 5,149,662.00 € 21,503,251.00 € 769,414.00 € 14,760,793.00 €
2016 Change (%) 39,806,527.00 € 19.7 6,170,559.00 € 19.8 24,103,212.00 € 12.1 3,747,196.00 € 387.0 17,382,971.00 € 17.8
ZARA HELLAS S.A.
Leading force in the clothing industry Clothing - Apparel Commercial
Turnover 224,084,519.00 €
PROFIT BEFORE TAXES 6,050,474.00 €
Contact details 59 Stadiou St., 10551 Athens, Greece Tel.: +30 210 3243101 Fax: +30 210 3243127 Website: https://www.zara.com/
Zara chain of stores is one of the world’s leading fashion companies and part of Inditex, one of the largest clothing distribution groups. The customer is at the heart of the particular business model, which consists of designing, manufacturing, distributing and selling through a large branch network. With 45 stores in Greece, Zara Hellas in 2016 posted sales of €224.08 million (from €196.28 million in 2015), with net pre-tax earnings of €6.05 million (from €2.09 million the previous year). In 2016, the Spanish clothing group Inditex (Zara and six natural chains) posted a cumulative increase in sales of 9.5%, keeping its absolute dominion in the domestic retail market. In the year ending January 31, 2016, the seven chains operating in the country through a network of 160 stores reported sales of €460.61 million compared to €420,51 million in the corresponding period a year earlier. Inditex is one of the world’s largest fashion retailers, with eight brands (Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe) and 7,475 stores in 96 markets around the world. Currently, Zara stores are worldwide number as many as 2,251. The Group in 2017 reported a rise in sales to €25.3 billion, compared to €23.3 billion the previous year. Pre-tax profit amounted to €4.3 billion, EBITDA at €5.2 billion and net profit at €3.3 billion.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ZARA HELLAS S.A. 2015 196,276,457.00 € 2,093,491.00 € 86,405,652.00 € 57,403,484.00 € 30,833,070.00 €
2016 Change (%) 224,084,519.00 € 14.2 6,050,474.00 € 189.0 93,759,044.00 € 8.5 40,913,860.00 € -28.7 48,104,420.00 € 56.0
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DIAMONDS OF THE GREEK ECONOMY
2018
SEKA BUNKERING STATION SA
Offering high quality services to vessels Petroleum Products Commercial
Turnover 113,084,952.00 €
PROFIT BEFORE TAXES 5,860,076.00 €
Contact details 53-55 Akti Miaouli St., 18536, Piraeus, Attica, Greece Tel: +30 210 4293160 Fax: +30 210 4293345 E-mail: sekasales@seka.gr Website: www.seka.com.gr
SEKA SA was established back in 1961 by Nikos J. Vardinogiannis. It was initially launched as a collaborative effort with Mobil Corporation and Aristotle Onassis, as a bunkering station for vessels crossing the southeastern Mediterranean. Initially, bunkering operations were performed through the use of an anchored ‘mother’ vessel at the natural port of Kali Limenes, located at the southern tip of Crete. Client vessels were tied alongside the ‘mother’ vessel for fuelling and provisions. In 1966, SEKA completed the construction of a tank station on Agios Pavlos, also known as Mikronisi, an islet in the Libyan Sea, just a quarter of a mile off the Cretan shore. The tank facility consists of six tanks offering a total capacity of more than 31,000 metric tons. For decades, the station thrived as a renowned port call, providing quality services to a large number of vessels utilizing the Suez sea route. SEKA extended its bunkering operations in Piraeus when the Vardinogiannis-owned Motor Oil (Hellas) SA began operating a refinery in Agii Theodori, close to Corinth, west of Athens. Bunkering deliveries are made at the refinery and Piraeus port’s wider area (Piraeus Roads). The company offers bunkering services, marine lubricants (cylinder, generator, engine, turbine, hydraulic oil) and agency services (water supplies, fresh products, inspections, provisions, etc.). In addition, SEKA performs deliveries at sea through the use of chartered in barges. In addition, in Piraeus, SEKA can arrange for 4 barges available to cover its needs, while in Kali Limenes two barges are available to perform deliveries. According to the requirements of every delivery, SEKA arranges deliveries to be made by adequately fitted and featured barges (size, pumping rate, Yokohama fenders). Further, SEKA also operates in Kali Limenes two launch boats dedicated to the servicing of agency services of the port.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SEKA BUNKERING STATION SA 2015 2016 Change (%) 123,001,908.00 € 113,084,952.00 € -8.1 7,974,219.00 € 5,860,076.00 € -26.5 10,423,946.00 € 10,521,551.00 € 0.9 24,171,304.00 € 25,429,083.00 € 5.2 4,653,889.00 € 5,884,268.00 € 26.4
THASSOS MARBLE D.N. HARITOPOULOS S.A.
Exporting 30% of production Non-metallic minerals Industrial
Turnover 9,412,714.00 €
PROFIT BEFORE TAXES 5,850,845.00 €
Contact details Thassos, 64004, Greece Τel: +30 25930 23195 Fax: +30 25930 22251 Email: info@haritopoulos-marble.gr Website: http:// www.haritopoulos-marble.gr
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The company was founded in 1972 as a quarry by Mr Dimitrios Haritopoulos in the form of sole proprietorship. In 1985 the company was reformed, and remains to this day, as a limited company under the name of D.N. Haritopoulos SA. By 1987 we were only quarrying the “Snow White” Marble of Thassos. In 1988 we established our own factory for the exclusive cutting and processing of the marble from our quarry. The quarry and factory benefits from the latest and best technologies available. The company invests in plant constantly to ensure that it utilising the latest leading edge technologies with robust equipment to guarantee the delivery of quality products towards customers. Haritopoulos Marble currently employs 54 permanent staff, 24 at the quarry, 26 in the factory and a management team of 4. 30% of total production is destined for export. Iraq, China, Saudi Arabia, United Arab Emirates, Italy and Spain are amongst the largest consumers. Most of the exported marble is loaded into containers and shipped from the port of Thessaloniki. The remaining 70% of production is absorbed by domestic Greek marble companies, the finished products from these companies is also exported in the global market. Moreover the output of the factory includes, squared marble slabs of various thicknesses and squared marble tiles. Both polished and unpolished. It can accommodate orders for custom sizes of both tiles and marble blocks. The annual production is about 5,000 cubic meters of marble blocks, 35,000 tonnes of offcuts and 6,000 cubic meters of aggregates annually. The factory produces 20,000 m² of marble slabs and 90,000 m² of marble tiles per year.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
THASSOS MARBLE D.N. HARITOPOULOS S.A. 2015 2016 Change (%) 11,099,767.00 € 9,412,714.00 € -15.2 8,538,984.00 € 5,850,845.00 € -31.5 8,397,791.00 € 6,740,337.00 € -19.7 28,827,420.00 € 28,204,642.00 € -2.2 2,638,360.00 € 2,054,580.00 € -22.1
DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Industrial Turnover 39,026,967.00 €
PROFIT BEFORE TAXES 5,757,551.00 €
PALIRRIA S.A.
The world’s No. 1 dolma producer
Sotiris Seimanidis, Vice-President
Contact details 2nd km Psahna – Politika Country Road, 34400 Politika, Evia, Greece Tel.: +30 22280 24735 Fax: +30 22280 24113 E-mail: info@palirria.com Website: www.palirria.com
Palirria was founded in 1957 on the island of Evia, Greece as a privately-owned business by entrepreneur Antonis Souliotis. Its primary purpose was the production and distribution of traditional ready-to-eat meals for Greek and International markets. Palirria remained a personal business until 1982, when it acquired a corporate form with the participation of Antonis Souliotis’ sons, Konstantinos and Vasilios. This corporate structure gave Palirria a potential that resulted in a leading position in the Greek market. In 1989 the company began to invest in modern and technologically advanced facilities and new offices. The project was completed in 1992 with the reallocation of its operations. Today, Palirria owns 3 manufacturing units, of a total floor space of over 30,000sqm, and employs a highly qualified staff of about 1,400. The firm’s annual production capacity amounts to 17,500 tons. Additionally, the company cultivates its privatelyowned vineyards, having total control of the production of vine leaves, which is the basic ingredient of Palirria’s best selling product: dolma. Palirria’s product range comprises 40 different codes that are based on traditional Greek and Mediterranean cuisine, with the basic product being dolmas (stuffed vine leaves). More specifically, Palirria is the No. 1 dolma producer in the world, with a production capacity of more than 1.4 million dolmas per day. The most impressive fact about dolmas is that this product is handmade. Tender vine leaves are stuffed by hand one by one with ingredients of excellent quality. Awards like the Great Taste (UK) and the Superior Taste Award (by the International Taste and Quality Institute, Brussels), justify the popularity of Palirria’s dolmas and their unique quality. In addition, Palirria’s product portfolio includes many other traditional Greek meals in various packages, such as cans, jars, plates or innovative plastic bowls, and a large variety of delicious frozen meals, which are the best choices of Greek & Mediterranean cuisine under the brand name My Greek Meal and Today’s Special. Throughout the years, Palirria enhanced its global presence and currently its products can be found in more than 40 countries around the world, including the USA, Canada, most European countries, Middle East and Australia. The firm is also trusted by some of the largest retail chains worldwide to produce private label products. For the period 2018-2022, Palirrhia has planned new investments valued at €10 million in the renewal of machinery and boosting production capacity. Emphasis will be given to the development of new products, an increase in foreign markets shares and strengthening the firm’s presence in Greece with the launch of two new products already successfully distributed abroad. Notably, in 2012-2017, the company’s investment program was valued at €8.5 million and was aimed at extending production lines and creating new storage facilities, as well as a modern R&D lab.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PALIRRIA S.A. 2015 39,698,241.00 € 6,975,598.00 € 8,448,186.00 € 15,510,855.00 € 10,461,386.00 €
2016 Change (%) 39,026,967.00 € -1.7 5,757,551.00 € -17.5 7,788,529.00 € -7.8 18,653,224.00 € 20.3 13,522,368.00 € 29.3
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DIAMONDS OF THE GREEK ECONOMY
2018
tourism Commercial Turnover 42.072.000,00 €
PROFIT BEFORE TAXES 5.751.000,00 €
Hotel Grande Bretagne
A Luxury Collection Hotel
Tim Ananiadis, General Manager & Managing Director
Contact details Syntagma Square, 10564, Athens, Greece Tel. +30 210 3330000 Fax: +30 210 3228034 Email: info.gb@starwoodhotels.com Website: grandebretagne.gr luxurycollection.com/grandebretagne
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Located opposite Syntagma Square as well as within walking distance of exclusive shopping areas and museums, Hotel Grande Bretagne enjoys the ideal location in the city centre. This eight story 19th-century building exudes wealth and refinement from the first impression, while it has been repeatedly awarded by significant international communities. With meticulous attention to detail, the 320 rooms and suites marry charming old-world elegance with state-of-the-art facilities whereas the 58 suites enjoy additional benefits including personalised Butler Service. Guests can indulge themselves within the multi-awarded GB Spa as well as experience the utmost dining service within the following available restaurants: The GB Roof Garden is ideal for a romantic rooftop meal, while the Winter Garden is renowned for its afternoon high tea and live entertainment. Guests can also enjoy wine tasting in The Cellar. The GB Pool Bar offers healthy snack options whilst the Alexander’s Bar makes guests want to linger over a classic cocktail or exquisite cognac. Finally, the Alexander’s Cigar Lounge, offers a relaxed setting to enjoy fine wines, premium cigars, cognacs and liquors with friendly and discreet service. Hotel Grande Bretagne has restored its status as the ultimate choice for refined business meetings and lavish social affairs. Featuring over 1,100 square meters of exquisite function space, the hotel offers the Grand Ballroom, Golden Room, Royal Room, Athenian Hall and its smaller meeting rooms: Boardroom, Churchill’s, Chairman’s, Diplomat’s, and the Executive Room. Concierge Exclusive: The Acropolis and the milestone of Parthenon are located within walking distance of 1.0 km from the Hotel Grande Bretagne. Plaka is the old historical neighborhood of Athens clustered around the northern and eastern slopes of the Acropolis. The “Monastiraki Flea Market” is the place where unique antiques and indigenous gifts can be bought as well as the place where the utmost hand-made selection of souvenirs can be observed. It would be a miss not to mention that within easy walking distance are also the Ancient Agora, the Lycabettus Hill, and the Original Olympic Stadium.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
LAMPSA S.A. 2015 41.443.000,00 € 5.212.000,00 € 16.448.000,00 € 66.747.000,00 € 44.066.000,00 €
2016 Change (%) 42.072.000,00 € 1,5 5.751.000,00 € 10,3 16.530.000,00 € 0,5 71.165.000,00 € 6,6 41.333.000,00 € -6,2
DIAMONDS OF THE GREEK ECONOMY
2018
MONOTEZ SA
Greece’s sole producer of EPS Monotez was founded in the early 1960s, and initially produced boards of expanded EPS used for thermal insulation in buildings. As from the early 1970s the company’s main activity switched to the production of EPS as a raw material. Annual production capacity has progressively reached the level of 70,000 tons. Monotez addresses to medium and large size companies producing and trading thermal insulation boards and packaging materials. In the normal course of business, Monotez cooperates with a large number of other companies to accommodate its needs. These include sourcing of specialized raw materials, transportation services, insurance companies, etc. The headquarters of the company were relocated in 2013 in the area of Krioneri Attikis, Athens, while the firm’s privately-owned production facility is located in the industrial zone of Inofyta, Viotia, about 50km north of Athens. The company employs a total staff of 70, and is certified as per ISO 9001:2008 and ISO 14001:2004.
Plastics Industrial Turnover 68,817,912.00 €
PROFIT BEFORE TAXES 5,717,862.00 €
Contact details 111 Lefkis St., 145 68 Kryoneri Attikis, Athens, Greece Tel.: +30 210 28.11.135 Fax: +30 210 28.18.726 Email: info@monotez.com Website: http://monotez.com/
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
MONOTEZ SA 2015 73,268,196.00 € 6,218,826.00 € 9,205,560.00 € 15,347,745.00 € 9,420,109.00 €
2016 Change (%) 68,817,912.00 € -6.1 5,717,862.00 € -8.1 10,478,805.00 € 13.8 8,626,373.00 € -43.8 10,138,934.00 € 7.6
MULTY FOAM S.A.
A leader in the private label sponge market PLASTICS – RUBBER Industrial
Turnover 25,247,479.00 €
PROFIT BEFORE TAXES 5,692,639.00 €
Contact details Thermi, 57001 Thessaloniki, Greece Tel: +30 2310 461 860 Fax: +30 2310 461 862 Email: multy@multy.gr Website: www.multy.nl
Founded in 1977 as Fedon Tsanas SA and based in the northern Greece city Thessaloniki’s Thermi district, the company was partly acquired a year later by the Dutch company SCHULPEN BEHERR BV, and in 1990 it was renamed to MULTY FOAM SA industrial and commercial plastics company. Multy Foam is a global market leader in household sponges and cleaning cloths. The group employs a staff of over 500 and operates in eight countries, facilitating global activities and local service. It operates production plants in the Netherlands, Belgium, Greece, Hungary, UK and China, as well as sales offices and warehouses in Austria and Spain. The majority of company products are delivered as private label products. The company offers customers the same high quality, whether its products are packaged under the Multy brand name or as a private label. Multy produces all types of sponges, made of quality polyether and polyester foam. Its facilities in Greece produce over 300,000 cubic meters of foam annually, in more than 50 different varieties, used for Multy’s wide range of products, as well as the auto, textile and furniture industries, among others. As household cleaning has become increasingly sophisticated, Multy offers a full range of high-quality products, including special anti-bacterial treated hydrophilic sponges with top-quality green scouring fleece.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
MULTY FOAM S.A. 2015 2016 Change (%) 24,014,469.00 € 25,247,479.00 € 5.1 4,637,141.00 € 5,692,639.00 € 22.8 7,762,170.00 € 8,718,592.00 € 12.3 27,186,871.00 € 28,281,395.00 € 4.0 3,984,622.00 € 5,992,310.00 € 50.4
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DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Industrial Turnover 56,729,890.00 €
PROFIT BEFORE TAXES 5,685,483.00 €
MELISSA KIKIZAS FOOD PRODUCTS SA
Exporting Greek pasta
Alexandros Kikizas CEO at Melissa Kikizas
Contact details 1 Vionos St., 104 43 Athens, Greece Τel:+302105190100, Fax:+302105190241, Website: www.melissa.gr, Email: melissa@kikizas.gr
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MELISSA KIKIZAS was founded by Alexandros Kikizas in 1947 with the vision to create a food industry that will promote the Greek raw materials and transform them into high quality products. Since then, for more than six decades, the firm continues to bring the finest bounty of the land to the homes of people. The intertemporal mission of this dynamic and fast growing food company is to satisfy consumer nutritional needs through meaningful products of high quality, promoting well-being. Production of pasta and durum wheat semolina constitutes the company’s basic activity, with the firm each year absorbing more than 100,000 tons of Greek excellent quality durum wheat. The vertically integrated mill and the pasta production plant in Larissa produce more than 50,000 tons of pasta annually, ranking the plant as the largest in the Balkan area and among the 10 largest in Europe! In addition, in Melissa Kikizas, the preservation of the warm and friendly environment established by its founder allows employees to feel at home. Melissa Kikizas, now being managed by the third generation of the Kikizas family, has become one of the most important food companies in Greece, with significant export activity in more than 35 countries. Moreover Company exports 20% of factory production with a goal to extend the percentage to 50% in the following years. The company’s share in Cyprus, Bulgaria and Albania markets is significant, reaching a percentage ranging between 15% and 25%. In addition, since the early 1980s, the company has developed an interesting commercial activity, by striking international partnerships and entering with great success into food markets other than pasta. Also, its presence on the European market has been strengthened by the establishment of subsidiary Atlanta SA, through which it exports a number of Greek products to the Polish market, such as pasta, tomatoes, olive oil, olives and halva. Today, the firm enjoys a market share exceeding 35% of the domestic past market, which makes it the largest producer in the country. The pasta industry continued its excellent course in 2016, as it reported a significant increase in volume of sales by 2.1% year-on-year and in exports by 13.1%. In 2016, Melissa Kikiza products were exported to 37 countries. Group sales amounted to 60.1 million euros, while the company’s sales amounted to 56.7 million euros, down by 3.3% and 3.4%, respectively, compared to 2015. However, in spite of the small drop in sales, the fiscal year was particularly profitable for the Group. Pre-tax income for the group amounted to 5.5 million euros, while the company reported pre-tax earnings of 5.7 million euros, up 78.7% and 80.2%, respectively, compared to the previous year.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
MELISSA KIKIZAS FOOD PRODUCTS SA 2015 2016 Change (%) 58,733,389.00 € 56,729,890.00 € -3.4 3,154,719.00 € 5,685,483.00 € 80.2 - - 47,410,969.00 € 49,887,231.00 € 5.2 22,635,467.00 € 18,159,774.00 € -19.8
DIAMONDS OF THE GREEK ECONOMY
2018
Footwear Commercial Turnover 28,965,493.55 €
PROFIT BEFORE TAXES 5,673,618.56 €
ZANCOU SHOES S.A.
Operating an extensive network of 60 stores in Greece
It all started in 1910, when Giannis Kourouniotis began by repairing footwear in multiple cities of Greece and then his son Argyris Kourouniotis continued his work. Along the way, Argyris Kourouniotis opened his first store in Argos city, which constituted the benchmark of the subsequent development and the core values of Zancou Company. In 1975 Ioannis -the son of Argyris Kourouniotis- who is the current CEO of Zancou Shoes SA, took over the management of the company contributing to its further development and introducing a wide range of products at the most competitive prices. Of course, customer-friendly prices are not our only compelling value proposition, but in conjunction with superb quality, this contributed to the establishment of our fundamental development concept to this day. Originally established in the field of footwear slipper imports in 1985, it gradually expanded to a wider range of footwear for men and children, reaching 1100 customers and becoming one of the biggest importers in Greece at that time. In 1999, the company shifted to retail, marking rapid growth. The stores carry the brand “VOI & NOI” belonging to the group “Ioannis Arg. Kourouniotis S.A.”, with distinctive titles “ZANCOU SHOES SA”, “ARMA SHOES SA” and “MARIKELLY STORES”. Having many years of experience and excellent staffing, the retail network of the company now consists of 60 stores across Greece, selling more than 4 million shoes on an annual basis and marking the current dynamic positioning of our company as the market leader. Having strong activity in the trade of footwear and accessories, the company has previously won major awards for growth and quality by recognized companies such as ICAP, including it in the “STRONGEST COMPANIES IN GREECE 2010” which classifies the market-leading companies in the area and one of “MOST ADMIRED ENTERPRISES 2014”, STAT BANK, “MOST ADMIRED ENTERPRISES 2016, STAT BANK, “GREEK BUSINESS CHAMPION 2016”, “DIAMONDS OF GREEK ECONOMY 2017’’, New Times. Key elements of our brand superiority are the undisputed quality of the finished product combined with the production flexibility and design, as well as the product-price relationship. In our VOI & NOI stores, consumers can find a huge variety of high level brands, such as Rieker, S. Oliver, US Polo, Nike, Adidas, Marco Tozzi, Barbie and Miss Sixty, to name a few. Additionally, in our stores, consumers can find many other imported brand designs in ladies’, men’s and children’s shoes in perfectly competitive prices. The first five months of 2018 we opened five new stores (Patra, Kalamaria, Megara, Ioannina, Kalamata) and our strategic plan for the next 2 years is to create another 30 new shops, each of 1,000sqm to 2,000sqm in floor space. Our team consists of fully qualified individuals with profound knowledge of the latest trends in the field of footwear fashion, taking part in the largest and most remarkable exhibitions held around the world and securing the lead in terms of quality and taste.
Contact details 224 Molas St. & Kerkyras St., 136 71 Acharnes, Athens, Greece Tel.: +30 2102433629 Fax: +30 210 2433990 Email: info@zancoushoues.gr Website: www.zancoushoes.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ZANCOU SHOES S.A. 2015 25,872,975.00 € 3,361,709.00 € 9,316,712.00 € 19,775,781.00 € 4,109,450.00 €
2016 Change (%) 28,965,493.55 € 12.0 5,673,618.56 € 68.8 13,985,926.11 € 50.1 28,374,318.17 € 43.5 4,775,300.03 € 16.2
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DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Industrial Turnover 100,449,092.00 €
PROFIT BEFORE TAXES 5,616,564.00 €
DODONI SA
Dairy exports jumping 61% in 2014-2017
DODONI SA was founded in 1963. Counting 55 years of authentic tradition and history, the Ioannina-based company produces authentic, purely Greek dairy and cheese products, using 100% Greek cow’s, goat’s and sheep’s milk collected daily by an expanded a network of 5,500 Greek producers active mainly in the region of Epirus. With more than 10,000 outlets in the domestic market and export activity in 45 countries, DODONI has 9 categories of dairy and cheese products and produces 80 distinct products, distinguished for their taste, quality and 100% Greek identity. Notably, between 2014 and 2017, DODONI exports jumped by 61%, with a significant export activity also in the UK. The firm’s number one selling product, Dodoni PDO feta cheese, as well as its fresh milk, real yogurt, hard cow cheese, galotyri cheese, butter and many other unique products made of pure raw materials, are the key parameter of the firm’s superior quality and authentic taste. Its expanded network of more than 5,500 producers in 514 villages of Epirus, north-western Greece, ensures the company’s daily supply of 100% Greek, homogenized and pasteurized milk, rich in natural flavor, thanks to 2,500 herbs and plants growing in the specific region’s pastures. In recent years, Dodoni supplies of 50,000 tons of sheep and goat milk have increased to 75,000 tons. The firm, as a co-operative company, always pays the highest producer prices. Feta cheese accounts for 60% of Dodoni’s sales in value, followed by yoghurt (15%), milk (12%) and the remaining from yellow cheese.
Michail Panagiotakis, Acting General Manager
Contact details 1 Tagmatarhi Kostaki St., 451 10 Eleousa, Ioannina, Greece Τel: +30 26510 89700 Fax: +30 26510 89707-08 E-mail: info@dodoni.eu Website: www.dodoni.eu
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
DODONI SA 2015 95,449,318.00 € 5,224,389.00 € 24,233,817.00 € 35,670,096.00 € 66,707,422.00 €
2016 Change (%) 100,449,092.00 € 5.2 5,616,564.00 € 7.5 24,991,201.00 € 3.1 41,394,713.00 € 16.0 80,204,007.00 € 20.2
DIAMONDS OF THE GREEK ECONOMY
2018
FOOD PRODUCTS Industrial Turnover 372,881,521.00 €
PROFIT BEFORE TAXES 5,506,909.00 €
NESTLÉ HELLAS SA
One of Greece’s most popular food companies
Nestlé Hellas is a member of the Greek family for over a hundred years, marketing some of the most popular products. In 2015, Nestlé Hellas was voted among the 20 Most Admired Companies and was listed 10th in the respective list of the FORTUNE magazine. Nestlé now operates two factories in Greece: the Oinofyta coffee plant and the Korpi natural mineral water plant in Monastiraki, Vonitsa (Aitoloakarnania). The coffee factory is located in the industrial area of the prefecture of Boeotia; current production capacity is based on eight ultramodern production/packaging lines for Nescafé Classic and Greek coffee Loumidis Papagalos. The factory is operated and controlled by a staff of 118 and produces all packaging for retail and mass catering (e.g. hotels, restaurants, cafes) with a special focus on product safety and quality, and special care for workplace safety. The Corpi plant produces natural mineral water. The company’s main products in the Greek market are: baby food products, coffee, chocolates, cooking products, breakfast cereals, natural mineral water, ice creams, instant chocolate drinks, products for commercial use and pet food products. Nestlé operates in Greece through Nestlé Hellas, CPW Hellas and Nespresso Hellas. Nestlé Hellas is among the industry’s most dynamic companies, exporting some of the most popular brands to the world’s largest markets. Specifically, its factories export more than 1500 tonnes of coffee (Loumidis Papagalos & Nescafé) to nine (9) countries including US, Australia, UK and Germany, while the ice cream factory exports to Canada, Germany, Italy, Spain and the Balkans. Notably, the company’s production in Greece accounts for 60% of annual sales. The group operates in a total of 14 locations in Greece and employs about 800 people as permanent staff. Nestlé Hellas plans to spend an extra €8 million in the domestic market through investments, mainly in the coffee segment. A major investment has been the upgrade of the Inofyta plant, which began in 2016 and concluded in early 2018, valued at €8.5 million. Overall, in the period 2016-2017, Nestlé’s investment spending in Greece amounted to €18 million, with an emphasis on upgrading production activities.
Contact details 4 Patroklou St., 151 25, Marousi, Attica, Greece Tel.: +30 210 6884111 Fax: +30 210 6840649 E-mail: nestle.consumers@gr.nestle.com Website: www.nestle.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
NESTLÉ HELLAS SA 2015 365,426,715.00 € 10,731,719.00 € 179,589,994.00 € 59,008,150.00 € 318,554,875.00 €
2016 Change (%) 372,881,521.00 € 2.0 5,506,909.00 € -48.7 195,758,419.00 € 9.0 -38,305,220.00 € 293,808,986.00 € -7.8
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DIAMONDS OF THE GREEK ECONOMY
2018
PHARMACEUTICALS Industrial Turnover 2016 57,493,784.00 €
PROFIT BEFORE TAXES 2016 5,412,613.00 €
MEGARA RESINS S.A. Recognized performance leader in the chemical industry
Contact details 38th km Neoak, 19100, Megara, P.O. Box: 29 Tel.: +30 22960 83311 Fax: +30 22960 83335 E-mail: info@megararesins.com Website: www.megararesins.com
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Megara Resins S.A. is a diversified manufacturer and supplier of raw materials for industrial and architectural coatings, as well as rosin-based and other synthetic resins for the paint, adhesive, paper and construction industry. The company was established in 1961 and for over 50 years it has been a pioneer in creating innovative technologies to help coatings formulators meet their customers’ most demanding applications. Today, Megara Resins remains firmly committed to the pillars of innovation and new technologies and is widely regarded as being the most innovative Greek supplier to the coatings industry through its continued investment in R&D, technical support and new product development. Being equipped with highly modern manufacturing facilities, it offers its customers advanced and diverse products and technologies for surfaces with an emphasis on environmentally friendly products such as powder coating resins & additives, rosin dispersions, alkyd resins, water-based acrylic dispersions, and unsaturated polyester resins. Megara Resins holds a strong manufacturing base in Greece operating in three sites situated in Megara (HQ), in the west Peloponnese and in Vathi Avlidos near Chalkida. “AKFA”, the latter, is the result of a strategic joint venture with a Turkish partner “AkTas Dis Ticaret AS”, where in addition to its
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production units, at the plant site there is a modern logistics complex comprising a docking facility and a tank farm for the storage of liquid chemicals, the capacity of it is 15.000m3. Megara Resins continues its strategic global expansion and business development in developed & emerging markets. In 2016, the Group reported sales of €58.0 million +13% vs. 2015 as a result of organic growth and intense export activity with key presence in more than 53 countries, representing over 80% of its turnover. The group aimed to gaining a substantial premium on its cost of capital investing in innovation, as it is the enabler for continued growth. In this direction, profits before taxes exceeded €6 million, in combination with reduced short and long term loan obligations. Innovations based on effective and efficient research and development, are an important growth factor for Megara Resins. A highly proficient team of senior scientists are dedicated to research in the field of binders for powder coating resins, architectural coatings, construction, and paper sizing and to providing our customers with the most innovative, highest quality value-added products and services possible. The company’s research activities are supplemented by an international network of collaborations with leading universities, scientific
›››››› research institutes and partner companies. Megara Resins participates successfully in several EU funded research projects through which targets the development of new products via strategically beneficial collaborations that require skills and competences matching the company’s industrial interests and development needs. Participation in R&D projects has enormous benefits in terms of contacts, opportunities, identifying new and emerging markets for its products, and thus being at the cuttingedge of innovation. This is how the group ensures long term business success with chemistry-based solutions for almost all sectors of industry. It is evident from the above that the company, having entered the era of enlargement and development is growing rapidly. Using the latest years’ successful achievements as a stable starting point, the company moves towards an extensive program of complete automation and modernization. However, Megara Resins operates in compliance with the law and adhere to high ethical standards. Our Mission, is to grow a portfolio of leading specialty chemical businesses, and generate added value for our customers and the company. We create sustainable value for our partners by delivering innovative products and solutions. ● We realize this mission by setting the highest standards in service, reliability, safety and cost containment in our industry. ● We deliver superior returns to our shareholders by tirelessly pursuing new growth opportunities while continually improv-
ing our profitability. are committed to maintaining excellence, respect, and integrity in all aspects of our operations. Our Vision, is to be a recognized performance leader of the chemical industry. Being a performance leader means we will achieve operational excellence, industryleading customer satisfaction and superior financial performance. ● We
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
MEGARA RESINS GROUP 2015 2016 Change (%) 51,000,039.00 € 57,493,784.00 € 12.7 3,072,241.00 € 5,412,613.00 € 76.2 9,952,455.00 € 12,425,171.00 € 24.8 20,632,989.00 € 23,991,868.00 € 16.3 27,320,890.00 € 27,719,276.00 € 1.5
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DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Industrial Turnover 37,809,341.00 €
PROFIT BEFORE TAXES 5,336,174.00 €
Konstantopoulos SA – “OLYMP”
Exporting 95% of production in 5 continents
Konstantopoulos SA - “OLYMP”, a successful and established firm in processing, standardizing and packaging of various olive types, has been active since 1956. The firm markets olives, olive oil and specialties. Olives are divided into the following varieties: Kalamata (accounts for around 20% of the total table olive production of Greece, with an average of 30,000 tons per year), Chalkidiki (They account for more than 50% (about 80,000 tons) of total table olive production of Greece.) and Conservolea (accounts for around 25% of annual Greek table olive production about 40,000 tons). Each olive category comes in different types of processing, with the main products made available in different packaging options. The main facilities of the company are located in Katerini on an area of 70,000 sqm, with the production areas and offices occupying 15,000 sqm. The processing plant consists of three main buildings, built in 1979, 1995 and 2008 to keep pace with the rapid growth of the company. All three buildings are now fully operational and equipped with the most modern technological equipment and machinery. The Kalamata facilities are the newest addition to the Konstantopoulos family allowing the company to expand its operations and focus more on the extra virgin olive oil. At this stage, the facilities have the capacity to store more than 1,000 tons of olive oil, with modern filtering technologies and bottling procedures and a state-of-the-art quality control lab with the most advanced equipment, ensuring in this way that only the finest extra virgin olive oil is produced. By this acquisition, Konstantopoulos S.A. has been granted the right to produce the authentic Protected Destination of Origin (PDO) Kalamata Olives and PDO Kalamata Olive Oil that are famous all over the world for their unmatched quality and taste. Olymp exports account for 95% of sales, making the firm a truly international company, present in five continents: North America, South America, Europe, Asia and Australia.
Contact details 3rd km Katerini-Larisa National Road, 60100, Katerini, Greece Τel.: +30 23510 47000 Fax: +30 23510 37748 E-mail: info@konstolymp.gr Website: http://www.konstolymp.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Konstantopoulos SA – “OLYMP” 2015 2016 Change (%) 38,411,706.00 € 37,809,341.00 € -1.6 5,385,182.00 € 5,336,175.00 € -0.9 9,196,661.00 € 8,588,858.00 € -6.6 23,499,399.00 € 24,273,201.00 € 3.3 11,705,120.00 € 12,364,167.00 € 5.6
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DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Industrial Turnover 72,984,750.00 €
PROFIT BEFORE TAXES 5,305,075.00 €
ΥΙOTIS SA
Think Globally, work locally
Ioannis Yiotis, President and CEO
Nutritional products company YIOTIS was founded in 1930 by Yannis and Maria Yiotis, beginning its activity with a rice cereal product, the first ever packaged baby food produced in Greece. Yiotis nowadays produces, packages, and distributes some 300 product codes, both in Greece and abroad. These cover the Baby Foods, Confectionery Products, Cooking Products, Desserts, Drinks, Chocolates, Ready-to-use Refrigerated products, Products with a low glycemic index (Sweet & Balance products), Products which are rich in fibres, and with a low fat and calorie content (Fytro products) and Organic products (Bio Organic products). The company’s research & development department, one of its most dynamic divisions, also ranks as one of the most advanced in the Greek food industry. The department is staffed with highly specialized scientists: chemists, agriculturalists, chemical engineers, biologists and food technicians, and is supported by hi-tech equipment and laboratory infrastructure. Besides offering quality control, through the use of latest technological methods, the department also designs and develops new company products. Yiotis’ facilities cover a total of 30,000 sqm. Both are equipped with state-of-the-art machinery. Over the past decade, the facilities were completely renovated at a cost of 15 million euros. The effort included building extensions, expansion of existing production lines and installation of new production lines and packaging machinery. Yiotis has been steadily investing in Greece, and in 2015 it completed the construction of its new factory in Agrinio, covering a total floor space of 10,000 sqm. With its new facilities, the company has greatly increased its production capacity, and has strengthened the Greek economy and the local community in the region by creating new jobs. The company exports to 25 countries on all five continents. In Africa and the Middle East, the company exports to Saudi Arabia, United Arab Emirates, Qatar, Bahrain, Kuwait, and Egypt. In Europe, Yiotis products reach the markets of Germany, UK, Belgium, Cyprus, Netherlands, Malta, Spain, Italy, Sweden, and Norway, Albania, Bulgaria, Romania, Former Yugoslav Republic of Macedonia (Fyrom), Serbia, Russia and Ukraine. In the Far East, the company exports to Singapore and China. In the Oceania region, it exports to Australia. The US and Canada are also covered by the company’s export drive. In addition to the products that we produce and export internationally, we also produce some products that are exclusively sold in foreign markets. These products include Fytrolac and Jotis Baby Creams which are only sold in China and have different ingredients to that available elsewhere. Also, Cremilac Baby Creams are available in Egypt.
Contact details 130 Kifissou Ave, Athens, 121 31, Greece Tel: +30 210 5704400 Fax: +30 210 5769101 Email: jotis@jotis.gr Website: http://www.jotis.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ΥΙOTIS SA 2015 70,342,188.00 € 4,979,127.00 € 33,962,634.00 € 34,650,734.00 € 27,713,539.00 €
2016 Change (%) 72,984,750.00 € 3.8 5,305,075.00 € 6.5 36,053,242.00 € 6.2 33,566,724.00 € -3.1 32,313,756.00 € 16.6
DIAMONDS OF THE GREEK ECONOMY
2018
Batteries Industrial Turnover 168,434,865.00 €
PROFIT BEFORE TAXES 5,270,973.00 €
SYSTEMS SUNLIGHT S.A.
Among the EU’s most reliable battery producers
SYSTEMS SUNLIGHT SA is a global player in the field of integrated energy solutions, specializing in the development, production and marketing of batteries and energy storage systems for industrial, advanced technology and consumer applications. In its 3rd decade of sustained growth, the company today ranks among the world’s top providers of energy storage solutions. The firm operates a Battery Manufacturing Plant in Xanthi, Northern Greece and a LeadAcid Batteries Recycling Plant in Komotini, Northern Greece, which are the core element of its dynamic growth. Systems Sunlight has systematically invested in the development of one of the most modern industrial units in Europe, in accordance with the strictest international standards. It covers 142,000sqm, with indoors floor space of more than 55,000sqm. In the same premises, our Supply Chain and Logistics Center is being hosted in a total area of 8,500sqm, equipped with 6 loading ramps and 11,200 pallet spots. The manufacturing plant is certified for applying management systems for Quality (ISO 9001:2008), Environment (ISO 14001:2004) and Occupational Health and Safety (BS OHSAS 18001:2007). SUNLIGHT Recycling is the Lead-acid Battery Recycling Branch of Systems Sunlight, expanding the business ecosystem developed by the Panos Germanos Group of Companies. SUNLIGHT Recycling operates the most contemporary Lead-acid Battery Recycling Unit in Europe, which represents an investment of over €31 million in its first phase. The new recycling plant, built on a plot of land of 4.2 hectares in the Industrial Area of Komotini (Prefecture of Rodopi), is able to recycle 25,000 tons of used batteries per year, creating multiple financial and environmental benefits at local and national level. SUNLIGHT provides: Reliable Battery Solutions for Consumer (Toshiba batteries and private label), Advanced Technology batteries (for submarines, torpedo and various military uses), reserve power solution (UPS, telecommunications, renewable energy, utilities and emergency power) and motive power solutions (Material handling & logistics, leisure & mobility). In 2017, the Company succeeded on the one hand to increase its sales, as a result of a strategy of extroversion that has been systematically followed in the past few years and, on the other, to further improve its operating profitability. Over 90% of the Group’s sales comes from foreign markets, mainly in European Union countries. At Group level, Greek sales amounted to €15.9 million, sales to third countries to €40.5 million and sales to the EU to €137.9 million. Group sales in 2017 rose to €194.5 million, compared to €153.9 million a year earlier, up 26%. Company revenues jumped to €222.8 million against €168.4 million in 2016, up 32%. At Group level, EBITDA rose to €22.0 million (Company: €21.5 m) increased by 28% (Company: 25%). Group pre-tax profit rose to €8.4 million from €2.3 million in 2016, while Company pre-tax earnings rose to €9.1 million against €5.3 million the previous year.
Contact details 2 Ermou & Nikis Street, Syntagma Square, 10563 Athens, Greece Τel.: +30 210 6245400 Fax: +30 210 6245409 Email: info@sunlight.gr Website: http://www.systems-sunlight.com
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SYSTEMS SUNLIGHT S.A. 2015 2016 Change (%) 136,554,756.00 € 168,434,865.00 € 23.3 1,868,192.00 € 5,270,973.00 € 182.1 24,470,736.00 € 31,820,197.00 € 30.0 32,955,578.00 € 38,868,571.00 € 17.9 118,563,029.00 € 116,202,192.00 € -2.0
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DIAMONDS OF THE GREEK ECONOMY
2018
INTERSPORTS ATHLETICS SA
Greece’s No. 1 sportswear retailer Clothing-Footwear Commercial
Turnover 90,828,000.00 €
PROFIT BEFORE TAXES 5,259,000.00 €
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 company is a fully owned subsidiary of Fourlis SA, and on a global scale is part of the INTERSPORT chain based in Bern, Switzerland, whose network comprises 5,500 retail outlets in 44 countries. Intersport Athletics is also active in Cyprus, Romania, Bulgaria, and Turkey through subsidiary firms. Intersport Athletics (Cyprus) Ltd. is fully controlled by the parent company and maintains four outlets. In Greece, Intersport Athletics operates 50 stores. The firm’s subsidiaries operate a total of 31 outlets in Romania, 22 in Turkey, 7 in Bulgaria and 4 in Cyprus.
Contact details 18-20 Sorou St., 151 25, Marousi, Attica, Greece Τel: +30 210 2806000 Fax: +30 210 2806099 E-mail: Website: http://www.intersport.gr/
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
INTERSPORT ATHLETICS SA 2015 2016 Change (%) 83,800,000.00 € 90,828,000.00 € 8.4 3,975,000.00 € 5,259,000.00 € 32.3 34,104,000.00 € 36,447,000.00 € 6.9 42,226,000.00 € 46,057,000.00 € 9.1 58,174,000.00 € 58,476,000.00 € 0.5
IMPERIAL TOBACCO HELLAS S.A.
Among the world’s largest tobacco firms TOBACCO PRODUCTS Commercial
Turnover 67,204,247.00 €
PROFIT BEFORE TAXES 5,230,388.00 €
Contact details 300 Klisthenous St., 15344, Gerakas, Attika, Greece Tel.: +30 210 66 15 055 Fax: +30 210 66 12 257 E-mail: hellas@gr.imptob.com Website: www.imperial-tobacco.gr
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Imperial Tobacco is a UK-originated international tobacco company, headquartered in Bristol, England. The history of Imperial Tobacco can be traced back to 1786, when tobacco company WD and HO Wills was founded in Bristol. The company’s main activities are the import and marketing of tobacco products and related products, the representation of domestic and foreign firms, the marketing of cigarette and other smoker products. Imperial Tobacco Hellas is a subsidiary of Imperial Tobacco Group, a leading international tobacco company. Imperial Tobacco Hellas is the center of Group activities in the South East Europe region, in charge of four additional markets apart from Greece: Bulgaria, Romania, Cyprus and Malta. The company’s brand portfolio includes well known brands, such as Davidoff, JPS, Slim Line, West, Gauloises, R1, as well as Drum, Golden Virginia, Van Nelle and Rizla. In 2017, the Greek subsidiary posted a drop in sales to €61.2 million, compared to €67.2 million a year earlier. Pre-tax earnings also dropped to €3.9 million against €5.2 million in 2016.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
IMPERIAL TOBACCO HELLAS SA 2015 2016 Change (%) 65,938,697.00 € 67,204,247.00 € 1.9 5,255,912.00 € 5,230,388.00 € -0.5 16,153,115.00 € 15,018,012.00 € -7.0 4,732,090.00 € 4,993,311.00 € 5.5 51,769,012.00 € 48,383,729.00 € -6.5
DIAMONDS OF THE GREEK ECONOMY
2018
Hotels Commercial Turnover 18,032,705.00 €
PROFIT BEFORE TAXES 5,185,168.00 €
CHATZILAZAROU I. S.A.
Absolute devotion to authentic hospitality
H Hotels Collection is a family-owned business, which consists of six hotels in Southern Rhodes, with total accommodation capacity of 2,150 rooms. Founded in 1993, today it is one of the most dynamic companies in the Greek tourism industry employing more than 1,000 people coming from the local community and Continental Europe. Hatzilazarou has built its history on a deep dedication to forging ties. It has always cared about upholding a high level of commitment to the employees, the guests and the communities where the hotels are located. With over 25 years’ experience of going above and beyond to meet guests’ needs, the H Hotels Collection constantly strives to offer an exceptional customer service, Rhodian hospitality and a wonderful holiday experience. The group aims to develop and shape the notion of hospitality in levels that will surpass expectations even of the most demanding customers. H Hotels Collection offers a wide range of hotel options that appeal to everyone, all distinguished by the absolute devotion to authentic hospitality.
Ioannis Hatzilazarou, President &Managing Director, H Hotels Collection
Contact details Tel: (+30) 22440-39000 Fax: (+30) 22440-29231 Lardos, Rhodes, 85109 Greece info@hhotels.gr www.hhotels.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
CHATZILAZAROU I. S.A. 2015 2016 Change (%) 17,899,633.00 € 18,032,705.00 € 0.7 6,085,833.00 € 5,185,168.00 € -14.8 7,748,830.00 € 7,630,528.00 € -1.5 32,811,340.00 € 36,277,103.00 € 10.6 17,467,316.00 € 14,961,306.00 € -14.3
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DIAMONDS OF THE GREEK ECONOMY
2018
Petroleum Products Commercial Turnover 1,285,376,895.00 €
PROFIT BEFORE TAXES 5,165,196.00 €
ELINOIL S.A.
Posting higher results in 2017
Ioannis Aligizakis, Chief Executive Officer
Contact details 33 Pigon St., 14564 Kifisia, Athens, Greece Tel..: +30 210 6241500 Fax: +30 210 6241509 Website: http://www.elin.gr/
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Elinoil dates back to the distant 1954, when it was founded under the name D. Diamantidis - Ch. Kourouklis & Co. Its main activity was the import of crude oil. The firm’s name was changed in 1960 to its current name, Elinoil, while at the same time it expanded its activities to Northern Greece, and established its privately-owned fuel facilities in Aspropyrgos; in the same year, the firm was licensed to purchase all petroleum products, and went ahead with the construction and operation of its first fuel stations. Nowadays, Elin Group is involved with: liquid fuel trade, processing and marketing of solid fuels, domestic marketing of lubricants, marketing ship lubricants, international trade in liquid and solid fuels, biodiesel production and construction and maintenance of technical projects. Elinoil operates the following facilities: Three storage and transport facilities for liquid fuels and oils in Aspropyrgos, Volos and Porto Lagos; three tankers to meet marine transport needs; two modern solid fuel processing plants in Aspropyrgos and Volos; a fleet of privately-owned tank trucks, which allows it to offer the high level of service demanded by customers, while all of its fuel stations are equipped with the latest technology. During Greece’s recent years of financial crisis, ELINOIL managed to increase its market share from 6% to 10%, while at the same time pursuing a selective network development from 500 stores to 624. In 2017, the firm maintained its leading position in serving the industry, while it was benefited by a very good season in marine tourism thanks to an extensive island network of Elin service stations. The firm self-operates seven (7) service stations on the islands of Mykonos, Patmos, Crete, Kos and Samos. ELINOIL Group in 2017 posted consolidated sales of €1.37 billion compared to €1.30 billion a year earlier, recording an increase of 5.5%. Group pre-tax earnings (EBT) amounted to €6.3 million compared to €6.8 million in 2016, while consolidated earnings after taxes and minority interests (EATAM) amounted to €4.2 million against €4.9 million the previous year. Parent company ELINOIL SA posted an increase in EBITDA to €12.4 million against €11.8 million, up 5% compared to 2016, while pre-tax earnings inched up to €5.3 million from €5.2 million in 2016.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ELINOIL S.A. 2015 1,023,594,303.00 € 4,203,130.00 € 40,558,861.00 € 49,994,420.00 € 80,869,250.00 €
2016 Change (%) 1,285,376,895.00 € 25.6 5,165,196.00 € 22.9 42,769,750.00 € 5.5 49,700,477.00 € -0.6 101,684,476.00 € 25.7
DIAMONDS OF THE GREEK ECONOMY
2018
BOZATZIDIS - MITSIOLIDIS SA “ARGOTECH S.A.”
One of the largest groups in agricultural machinery
Agricultural Machinery
AGROGROUP is active in the field of agricultural machinery and spare parts since 1984. The firm employs 120 people and is a leader in the field of agricultural machinery. The companies that make up the group are: Agroparts, Agroline, Agrotechniki, Agrocenter, Agromarket, Green Line Energy, Agrotech and Magel. The Group’s facilities are located in the area of Sindos, Thessaloniki, housed in a 5000m2 building with a modern, three-storey storage system, as well as in Orestiada, Evros. The Group has the exclusive representation in Greece and Cyprus of the machines and spare parts of the following manufacturers: John Deere, Fantini, Faucheux, Geringhoff, Italmix, Hardi, Merlo Group, Pellenc, Pichon Industries, Vogel Noot and Suntech.
Commercial
Turnover 35,732,957.00 €
PROFIT BEFORE TAXES 5,115,035.00 €
Contact details 225 Syggrou Ave., Nea Smyrni, 17122 Athens, Greece Tel.: +30 2110134533 Fax: +30 2310569818 Email: info@gle.gr Website: http://www.agrotechniki.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
BOZATZIDIS - MITSIOLIDIS SA “ARGOTECH S.A.” 2015 2016 Change (%) 53,857,763.00 € 35,732,957.00 € -33.7 11,916,759.00 € 5,115,035.00 € -57.1 17,512,004.00 € 11,038,241.00 € -37.0 34,025,540.00 € 37,481,972.00 € 10.2 28,485,195.00 € 36,415,497.00 € 27.8
BOLTON HELLAS SA
Representing global brands in the Greek market Food - Detergents Commercial
Turnover 31,356,181.00 €
PROFIT BEFORE TAXES 5,089,252.00 €
Bolton is active in the wholesale sector of food, household and personal care products. In particular, it is involved in the production and marketing of body care products, toothpaste, paper articles, floor polishes and furniture polishes, kitchen, toilet and bathroom cleaners, and other chemicals. It also imports preserved foods, which are also produced and marketed in Greece. Specifically, the multinational giant operates in Greece through two companies: Bolton Hellas (Food, household care and personal care products) and UHU-Bison Hellas (adhesives products). The firm is an agent of domestic and foreign industrial and commercial houses. Major brands in the company’s portfolio are: Rio Mare, Neutro Roberts, Somatoline Cosmetic, Merito, Omino Bianco Overlay, Argentil, We Net and Fornet. Bolton Hellas is a subsidiary of the Bolton Group, which produces and markets a vast array of high quality consumer goods in 139 countries. Today, the Group holds a portfolio of prestigious brands, including over 50 Food, Home and Laundry Care, Adhesives, Personal Care and Wellbeing and Beauty Care products, distributed in supermarkets and perfumeries. Over 5,000 employees worldwide, with 12 plants and 45 offices, are focused on delivering high quality products that meet the ever-increasing needs of today’s consumers. The largest part of sales comes from food with 57%, followed by personal care & well being (14%), household & laundry care (13%), adhesives (11%) and beauty care (5%).
Contact details 91 Michalakopoulou St., 11528 Athens, Greece Tel.: +30 2104897800 Fax.: +30 210 4897 800 Email: mail@boltonhellas.boltongroup.gr Website: http://boltonhellas.gr/
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
BOLTON HELLAS SA 2015 2016 Change (%) 41,707,754.00 € 31,356,181.00 € -24.8 5,676,516.00 € 5,089,252.00 € -10.3 12,006,329.00 € 10,565,012.00 € -12.0 4,741,999.00 € 4,509,362.00 € -4.9 7,239,412.00 € 6,359,462.00 € -12.2
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DIAMONDS OF THE GREEK ECONOMY
2018
Paper Products Industrial Turnover 148,577,699.00 €
PROFIT BEFORE TAXES 5,092,192.00 €
MEGA DISPOSABLES SA
From inspiration to innovation
Contact details 148 Dekelias St., 13678 Acharnes, Greece Tel.: +30 210 2419800 Fax +30 210 2419818 Email: mega@megadis.gr Website: http://www.megadis.gr
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MEGA Disposables SA is one of the largest manufacturers of disposable hygienic products in Europe. By constantly investing in state-of-the-art production, quality control equipment and experienced professionals, MEGA today is in the valuable position to possess sophisticated technologies and expert know-how in an ideal combination that helps it edge ahead of the competition while fostering innovation for its future success. ● State-of-the-art technology ● Innovative product design with distinct Unique Selling Proposition ● Pioneering production techniques ● Advanced Quality Assurance Systems ● Continuous investment in R&D ● Impactful marketing support The primary basis of our business model is our product portfolio. All products are designed on the principle of offering a tested safe protection to the consumer. Thus, they do not merely deliver high absorbency of performance, but are also designed with materials of exceptional skin-friendly properties, to ensure the utmost respect to the needs of the skin. Woman: Sanitary napkins, pantyliners, cotton discs, make-up removal wipes, intim wipes, intim wash. We are consistently following the changing needs of the modern woman. With a view to best respond to women’s needs, we have developed a complete range of feminine hygiene products with excellent quality and innovative product features. Baby and child: Baby diapers, baby pants, baby wipes, antiseptic wipes for children. All of our baby products have been designed on the basis of on-going research on mothers’ insights. The elderly: a full range of incontinence products (light inco pads, pants, briefs, bedpads). Our incontinence product line has been specially designed to offer a complete protection, combining top absorbency levels with skin-friendly materials, thus ensuring sensitive care to the delicate skin of incontinence product users. The entire family: Cotton wool, cotton buds, antibacterial wipes, wipes for cold relief and other specialty products. We produce a wide range of soft products made of skinfriendly materials, for every day family personal hygiene. Contract Manufacturing Top quality standards and innovative product design have formed a solid foundation of trust for the company’s ability to deliver prompting several prominent international brands to turn to MEGA Disposables as their preferred partner of choice for their bespoke production needs.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
MEGA DISPOSABLES SA 2015 2016 Change (%) 134,517,065.00 € 148,577,699.00 € 10.5 6,101,851.00 € 5,092,192.00 € -16.5 45,895,318.00 € 50,730,359.00 € 10.5 28,748,212.00 € 30,690,686.00 € 6.8 63,158,876.00 € 65,155,875.00 € 3.2
DIAMONDS OF THE GREEK ECONOMY
2018
EXPORT LEADERS Commercial Turnover 23,210,348.00 €
PROFIT BEFORE TAXES 5,029,217.00 €
KAFEA TERRA
The fresh “blend” in the Greek coffee market, dedicated over 30 years to three pillars: The Bean, The Blend, The Barista
Niovi Kallergi, Director of Marketing & Communication
Contact details 12-14 Naxou St., 19002, Paiania, Attica Tel: +30 213 090 5500 Fax: +30 213 090 5599 Ε-mail: info@kafeaterra.gr Website: http://www.kafeaterra.gr
A fresh “blend” in the Greek coffee market signifies the merger of KAFEA EMPORIKI TECHNIKI S.A. and ATTICA TERRA FOOD & DRINKS S.A., with the absorption of the first by the latter, as of January 1st 2018. The company resulting from the merger bears the name KAFEA TERRA Food & Drinks COMMERCIAL & INDUSTRIAL S.A., consistently pursuing its activity in the exclusive import and distribution of internationally renowned and acclaimed premium quality products - with espresso illy being its flagship brand - as well as the production of espresso Dimello in Greece and its distribution both in domestic and international markets. The consolidated company, which occupies 150 employees, holds a leading position in the Greek market, possessing the largest national network in the HO.RE. CA. sector. At the same time, the company owns an ultra-modern, integral coffee production unit of European specifications. The total capacity of the coffee bean production line, is more than 1500 kg / hour, while there are two more, mainly for ground coffee, with all the corresponding automated systems. The company has a - unique in Greece and the Balkans - integrated pre-cleaning system of green coffee, which consists of three separate stations: ● a new type of screen cleaner system, ● a dehumidification system and, of course, ● the spearhead, color-sorter. The annual turnover for both companies in 2017 was approximately 60 million euros, while profits after taxes are expected to reach 8 million euros. The portfolio of products that the company imports and exclusively distributes to the Greek market include, among others, high-end French tea Dammann Frères, as well as Kölln oats. Furthermore, it imports and channels the quality chocolates Monbana and Chocolanelle, as well as the 1883 Routin syrups to the food service sector. The company also represents La Marzocco and Faema, the leading companies of professional coffee equipment, by importing their coffee machines. Today, after a successful course of 30 years, the company continues, with consistency and dedication, on the same axis of expertise, innovation and development of excellent espresso, which is summarized in the evolution of the three pillars: The Bean… collaborations with utmost respect to coffee farmers, who do their best to offer us the most beloved seed of nature. The Blend… implementation of modern technological infrastructures and inexhaustible research, with a passion for continuous improvement and advancement. The Barista… training for an excellent result in the cup that takes consumers on a journey to the magical world of coffee and puts a smile on their faces!
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
KAFEA SA 2015 41,128,500.00 € 6,527,708.00 € 14,545,818.00 € 10,134,594.00 € 18,917,702.00 €
2016 Change (%) 39,826,810.00 € -3.2 5,679,029.00 € -13.0 12,582,398.00 € -13.5 9,449,317.00 € -6.8 25,198,878.00 € 33.2
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DIAMONDS OF THE GREEK ECONOMY
2018
Transportation Services Commercial Turnover 59,028,620.00 €
PROFIT BEFORE TAXES 4,954,250.00 €
GOLDAIR HANDLING SA
Progressive thinking, Innovation, Hard work
Kallinikos Kallinikos, Executive Vice President
Goldair Handling is a leading supplier of ground handling services in South East Europe. In Greece, Goldair Handling offers the full range of passenger, ramp, aircraft, cargo & mail services. Goldair Handling also provides representation of airlines, flights supervision, crew administration, as well as VIP, executive aviation and airport lounge services. Goldair Handling is the first private ground handling company to operate in the liberalized Greek market since 1999. Since then, Goldair Handling was granted ground handling licenses to the airports mentioned below, resulting to a network of 26 airports in Greece, while the firm has won various awards from its valuable partners - airlines, authorities and airports. Goldair Handling serves the following airports: Athens, Heraklion, Thessaloniki, Rhodes, Corfu, Chania, Kos, Zakynthos, Mykonos, Santorini, Kefallinia, Samos, Chios, Mytilene, Preveza-Aktion, Kavala, Kalamata, Skiathos, and Araxos Karpathos, Alexandroupolis, Ioannina, Lemnos, N. Aghialos-Volos, Paros, Skyros. The company’s clientele includes more than 100 airlines including Aegean Airlines, AirFrance, Alitalia, Emirates, easyJet, Etihad, KLM, Lufthansa, Olympic Air, Qatar Airways, Turkish Airlines and many more. Goldair Handling maintains a certified Quality and Environmental Management System. Goldair Handling is the first ground handling provider in Greece certified by IATA Safety Audit for Ground Operations (ISAGO), for the Organization and Management of the Company, as well as for the stations of Athens (ATH) and Thessaloniki (SKG). Goldair Handling is also active in Cyprus, through LGS Handling Ltd., which is a joint venture between Louis Group and Goldair Handling, formed in 2008. Also, Goldair handling established its subsidiary company Goldair Handling Bulgaria, and in June 2010 acquired full handling license for Sofia International Airport. In 2017, the firm served more than 120,000 flights, while it made a €6-million investment in ground-based equipment. New partners added to its clientele include: Corendon Europe, Charlie-Cyprus Airways, Sundair, All Nippon Airways, Signature, Air Mediterranean, Azur Air Germany, VLM Airlines, Nordica and other smaller charter and general aviation companies. The firm’s cooperation with Aegean/Olympic Air was further strengthened by taking over the flights in 10 Greek destinations, and serving all its flights and cargo at all Greek airports.
Contact details Athens International Airport “El. Venizelos” Building 24, 1st Floor, 19019 Spata, Greece Tel.: +30 210 3543889 Fax: +30 210 3543750 E-mail: ceo.secretariat@goldair-handling.gr Website: http://www.goldair-handling.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
GOLDAIR HANDLING SA 2015 2016 Change (%) 54,581,207.00 € 59,028,620.00 € 8.1 3,934,993.00 € 4,954,250.00 € 25.9 5,509,256.00 € 6,352,319.00 € 15.3 9,779,078.00 € 13,448,342.00 € 37.5 29,444,070.00 € 25,194,646.00 € -14.4
DIAMONDS OF THE GREEK ECONOMY
2018
LUNDBECK HELLAS SA
Counting almost a century of operation Pharmaceutical Products Commercial
Turnover 26,954,988.00 €
PROFIT BEFORE TAXES 4,942,909.00 €
Contact details 109 Kifisias Ave., Marousi, Athens, Greece Tel.: +30 210 61 05 036 Fax: +30 210 61 05039 Website: www.lundbeck.com
Lundbeck, a Danish pharmaceutical company, counts about a century of activity, with the past 22 years having a significant presence in the Greek market as well. Lundbeck Hellas SA was established in 1995. Its medicines in Greece fall into three major pharmaceutical categories for the central nervous system: antidepressants, anti-dementia and antipsychotics. In addition, the company launches a number of other neurological products. The firm’s first products were launched in the Greek market during the 1960s through dealers. However, Lundbeck transferred the products to Lundbeck Hellas SA, which started its commercial activity in 1995. Based in Athens, Lundbeck Hellas’s staff has grown from 18 to 68.Parent Lundbeck was founded in Denmark in 1915 by Hans Lundbeck. Its presence in the pharmaceutical market dates back to 1920. Since the mid-1980s, the company’s management has decided to focus its activities exclusively on central nervous system diseases with the aim of improving its services. In 2016, the firm employed a total staff of 5,120 in more than 50 countries, with production facilities in Denmark, China, France and Italy. Lundbeck Pharmaceuticals are available in more than 100 countries. Additional R&D centers are located in Denmark and China. With worldwide sales of approximately €2.1 billion in 2016 and pre-tax profits of €289 million, the firm is one of the leading companies in its therapeutic categories. The Greek subsidiary posted 2016 sales of €26.95 million against €40.55 million a year earlier. Operating profits amounted to €4.94 million compared to losses of €3.24 million in 2015.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
LUNDBECK HELLAS SA 2015 2016 Change (%) 40,553,445.00 € 26,954,988.00 € -33.5 -3,243,163.00 € 4,942,909.00 € 7,807,090.00 € 6,788,007.00 € -13.1 4,241,786.00 € 7,707,875.00 € 81.7 20,669,742.00 € 6,092,884.00 € -70.5
Rea Maternity Hospital
High quality medical services Medical Services Commercial
Turnover 31,693,198.00 €
PROFIT BEFORE TAXES 4,912,680.00 €
Contact details 383 Sygrou Ave. & 17 Pentelis St., 17564 Palaio Faliro, Athens, Greece Tel: +30 210 9495000 Fax: +30 210 9495999 Email: info@reamaternity.gr Website: http://en.reamaternity.gr
REA Obstetrics and Gynaecology Clinic was born in 2007, based on the vision of a group of outstanding obstetrics-gynaecologists, with a significant scientific and professional background. Equipped with the trust of more than 450 renowned physicians, the leadership’s resolve and the required capital adequacy, we have gone a long way in delivering the largest private investment in state-of-the-art infrastructure and medical technologies. REA has state-of-the-art and high-tech medical equipment, which offer fast and accurate results, leading to a correct diagnosis, with shorter hospitalization time. REA offers special units for both women and newborns in need, such as Intensive Care Unit (ICU) and Neonatal Intensive Care Unit I, II, & III (NICU) respectively, with high-tech equipment that provides any medical care required in case of emergency. The maternity hospital offers services in the following categories: Maternity (such as Prenatal Screening, Maternity Ultrasounds and Fetal Medicine), Gynaecological Services (such as Gynaecological Surgery, Diagnostic & Operative Laparoscopy & Hysteroscopy), Diagnostic Departments and Laboratories (including Microbiology / Haematology, Biochemistry / Hormonology) and Specialized Units (Breast Center & Fertility Unit & In Vitro Fertilization).
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Rea Maternity Hospital 2015 2016 Change (%) 32,210,292.00 € 31,693,198.00 € -1.6 3,408,389.00 € 4,912,680.00 € 44.1 7,127,661.00 € 7,236,618.00 € 1.5 26,378,352.00 € 30,266,498.00 € 14.7 70,185,273.00 € 65,919,189.00 € -6.1
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DIAMONDS OF THE GREEK ECONOMY
2018
PLASTICSRUBBER PRODUCTS Industrial Turnover 70,194,777.00 €
PROFIT BEFORE TAXES 4,906,407.00 €
ATLAS TAPES SA
Exporting over 85% of production
Contact details 68 Varis Ave., 166 73, Voula, Attica, Greece Tel.: +30 210 8995388 Fax:+30 210 8995386 Email: info@atlas-tapes.gr Website: www.atlas-tapes.gr
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Atlas Tapes Group, comprising Atlas Tapes SA (parent company) and P. Lantzis SA (affiliate company), is a vertical manufacturer of self-adhesive tapes, considered a Greek market leader and ranking among the top European producers, exporting more than 85% of its production. The original company was founded in Athens by Christopher Lantzis and his sons in 1953. In 1977 production moved to Atalanti where it remains until today. Over the years, various investments in production led to the addition of new coating technologies, and currently the company manufactures a comprehensive range of tapes, which includes: ● Packaging tapes: PVC, BOPP coated with solvent, acrylic and hot melt adhesive ● Masking tapes: Acrylic, solvent and hot melt ● Stationery tapes: Cellulose and BOPP ● Specialty products. Takis Lantzis and his son Jason (3rd generation), with the support of new investors, are on the helm of Atlas Tapes since 2008. During the same period, a five-year investment program led to an increase in total covered area of plants to 40,000 square meters, on a 135,000-square-meter plot. New offices were constructed to accommodate the constantly increasing needs for human resources, while a fully automated slitting department was created and a state-of-the-art laboratory, operating under ISO 9001 and 14001, was completely renovated. In 2014 Atlas Tapes celebrated its 30-year anniversary of masking production by installing a new paper impregnation line (total of two) and a dedicated masking solvent natural rubber coater along with three lathe slitters and fully automated packaging and labelling lines. Atlas Tapes production today operates: ● Nine (9) coating lines: two acrylic water based, five solvent natural rubber and two hot melt synthetic rubber. ● Two (2) masking paper impregnation lines. ● Nineteen (19) fully automatic and robotic slitter-rewinders and numerous semi-automatic, as well as three fully automatic lathe (torno) slitters. Continuous developments and upgrading of plant facilities highlights the company’s dynamic for technologically advanced production and high quality standards. A significant investment is made also in the company’s R&D department, contributing to its efforts to enter new markets and countries with new products. Highly and offline masking tapes, such as washi and fully waterproof, have been introduced, as well as low cost/ high efficiency / low emissions solvent packaging products. The above investments combined with a steep increase in sales in recent years, have led to an increase in personnel from 195 in 2010 to 390 in 2018, with all these skilled employees constituting the heart and soul of the operation. Personnel numbers are expected to further increase as a result of the augmented capacity, growing sales and constant company growth.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ATLAS TAPES S.A. 2015 72,341,911.00 € 2,185,772.00 € 10,512,000.00 € 20,766,135.00 € 32,524,770.00 €
2016 Change (%) 70,194,777.00 € -3.0 4,906,407.00 € 124.5 12,382,057.00 € 17.8 21,460,528.00 € 3.3 38,081,404.00 € 17.1
DIAMONDS OF THE GREEK ECONOMY
2018
Food Products Industrial Turnover 107,885,229.00 €
PROFIT BEFORE TAXES 4,901,039.00 €
ION SA
Greece’s oldest chocolate factory
ION is one of the most popular brands in the Greek market, as it counts 88 years of activity. The firm’s history starts in 1930 when it built a chocolate factory on Piraeus St. In 1938, ION merged with Nasko, entering production of its popular candies. The company’s landmark year was 1947 as the company began producing its famous ION almond chocolate. Since 1956, the reputation of chocolate has spread, followed by the establishment of the I. Kotsiopoulos Bros Company, which embarked on ION sales and distribution network. The prosperity of the company continues in the coming years with the launch of new innovative products in the Greek market such as: Noisetta, wafer, the square chocolate break and ION dark. Today ION is a 100% Greek company. It has three state-of-the-art production plants in Greece with approx. 950 employees and annual sales of over €110 million, ranking the firm among Greece’s 60 largest enterprises. ION’s product portfolio includes the following categories: Chocolate (almond, milk, break, dark, etc.), chocolate bonbons (Noisetta), wafers, candy bars, chocopastes, couverures, candies, beverages, professional products and products with no added sugar. In addition to its dynamic presence in the domestic market, ION is also active in the export segment, with good presence in countries such as: Canada, USA, Japan, China, Egypt, Syria, and major European countries such as Germany, England and Russia. On the corporate responsibility front, the chocolate industry has in place a complete environmental management system, implemented and certified according to ISO 14001 for 12 years. It deals with waste management, emissions and the development of strategies for reducing natural resource consumption with excellent results. Significant improvement has been observed in many sectors between 2009 and 2017, such as a 40% saving in electricity, 50% reduction in natural gas, drastic reduction in landfill waste and 55% reduction in water consumption.
ION SA
Contact details 40 Piraeus St., Moschato, Greece Tel.: +30 210 9589087, 088, 089 Website: http://www.ion.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
2015 104,444,586.00 € 1,511,072.00 € 37,283,335.00 € 46,872,084.00 € 77,496,238.00 €
2016 Change (%) 107,885,229.00 € 3.3 4,901,039.00 € 224.3 39,949,539.00 € 7.2 54,037,195.00 € 15.3 80,769,347.00 € 4.2
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DIAMONDS OF THE GREEK ECONOMY
2018
Aluminum Products Industrial Turnover 55.914.882,00 €
PROFIT BEFORE TAXES 4.661.991,00 €
ELVIAL S.A.
Love for aluminium, persistence and commitment to the goal insight of the future market
Dimitrios Tzikas, President
Contact details 25 km Thessaloniki - Kilkis National Rd., Nea Santa, P.O. Box 79, 61100 Kilkis, Greece Tel.: +30 23410 39500 Fax: +30 23410 64173 Website: http://www.elvial.gr/
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With more than 27 years of experience, ELVIAL becomes one of the leading aluminium extrusion companies in the European and International market. A flexible aluminium extrusion industry focused on providing a full range of custom made architectural solutions. Specifically ELVIAL offers Opening Systems, Sliding & Lift/Slide systems, Main Entrances, Shading Systems and Facades. Furthermore ELVIAL’s industrial profile division serves the needs of demanding industries such as lighting, medical, road transportation and construction. Milestones 1990: Mr. Dimitrios and Mrs. Maria Tzika established ELVIAL SA 1997: The Research and Development Department is being created in order to design and develop advanced architectural systems. 2003: The beginning of a new era for ELVIAL. A long-term investment plan is initiated, of over 50 mill. Euros, which involves the relocation of ELVIAL in new facilities with cutting-edge mechanical equipment and the application –for the first time globally- of intelligent robotic systems in managing and handling of aluminum profiles. ELVIAL evolves from an intermediate and geographically limited enterprise, in a modern, technologically advanced, vertically integrated, client oriented and without borders company. 2014: ELVIAL established its new subsidiary in Dusseldorf-Germany, in order to fulfill efficiently West Europe customers and expand ELVIAL’s export activity. ELVIAL today exports to 30 countries and continues to achieve new demanding goals. In 2017, ELVIAL begins a new investment plan of 15m € - once again the investment takes place in Greece - aiming to launch new innovations and unique comparative advantages. The implementation of the 3rd extrusion line with energy saving system is ready to increase ELVIAL’s production capacity to 25.000TN annually. Moreover, the1st electrostatic coating system with pre-anodising applications in Greece and 5th worldwide will be in operation in a few months and last but not least we strengthen our flexibility by installing 2 new robotic warehouses with a total capacity of 8,000 positions. Furthermore ELVIAL invests additionally 5 m €, for ● The development of NEW Aluminum Architectural Systems. ● A private-owned Test and Certification laboratory, with the collaboration of Ift Rosenheim Germany. ● A Training Center for on-the-job training of our partners. ● New premises in Athens PERSISTENCE ON INNOVATION The continuous upgrade of the range of offered products constitutes permanent pursuit and purpose for ELVIAL. The specific difference however, is that ELVIAL offers modern solutions and benefits to its direct partners and to the final consumers, with products which are supported exceptionally throughout the whole supply chain: production - technical support - final application - end use. In 2004, ELVIAL is the first company that launches in the market the Advanced Architectural Systems ELVIAL MULTILOCK, which offer to the final consumer all the benefits of aluminium but with burglar resistance certification of RC2, having perimetric locking points and safety glazing bead. ELVIAL received International Patent in 27 countries for the ELVIAL MULTILOCK Systems. In 2017, ELVIAL launched the MINIMAL Look. A sliding system that combines a minimal design, with excellent everyday function, even at large dimensions, offering a pleasing experience and comfort for all. The MINIMAL Look is designed to meet architects’ needs by giving them numerous options to cope with any structural or aesthetical challenges. A discreet but powerful outline, of only 35.5mm, dynamic design with attention to details and a number of technological innovations, such as the special multipoint locking system and the aluminium handle of exceptional design, the MINIMAL Look came to change the standards in typical sliding systems. I2: INNOVATIVE INSULATION TECHNOLOGY, A WORLDWIDE INNOVATION BY ELVIAL ELVIAL I2 Technology derived after a thorough and continuing research, referring to the application of an insulating material, thoroughly designed for ELVIAL, with very low thermal conductivity λ=0,023W/mK, which covers completely the intermediate chamber of profiles. ELVIAL I2 Technology provides total cover of the thermal brake chamber, having the optimum destiny that ensures excellent isothermal flow of the Aluminium System which can improved up to 38%.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ELVIAL S.A. 2015 46.298.593,00 € 4.011.326,00 € 9.503.323,00 € 33.796.208,00 € 18.598.773,00 €
2016 Change (%) 55.914.882,00 € 20,8 4.661.991,00 € 16,2 11.451.662,00 € 20,5 33.977.940,00 € 0,5 29.896.034,00 € 60,7
DIAMONDS OF THE GREEK ECONOMY
2018
Miscellaneous Products Commercial Turnover 31,893,307.00 €
PROFIT BEFORE TAXES 3,804,623.00 €
PET CITY S.A.
OUR VISION: The creation of a better and more reliable world for all animals! OUR SLOGAN: All about our faithful little friends!
Pet City Group is a family owned business founded in 1988, counting 30 years of successful presence till the present day. From 1988 to 1995, the company operated as α wholesaler by importing and distributing pet products to more than 1,200 pet stores in Greece. However, in 1996 the interest of the owner was fueled in retailing. Since then, the company managed to become (and still is) the leading specialty retailer of services and solutions for the lifetime needs of pets in Greece. There are currently 56 company-owned stores in the center and the suburbs of Athens - plus 4 that are under construction - with 30,000m² sales area in total. The firm in recent years has seen annual growth rates of up to 10%, with sales in 2017 rising to €33 million. Pet City Group aims to further expand in the next 5 years via retail, wholesale and e-shops, to acquire 40% of the pet market (non super-market), which is roughly estimated to reach €150 million in 2018. The total area of Pet City’s owned headquarters and logistics is 20,000m² with 9,000 pallet capacity. Pet City’s success is in large part due to its staff, numbering more than 560 employees. Emphasis is placed on constant training of each employee in their respective job. To ensure first class customer service to the 2.7 million customers that enter the stores annually, all personnel are put through field training programs on a regular basis. Pet City’s stores are stocked with over 15,000 products, including top of the line brands, with hundreds of items sold exclusively in Pet City. Currently, the company is developing its own private label products in some of the main categories of the market. Pet City Group’s services also include pet grooming, training and boarding, all run by specialists. The largest stores offer expert veterinarian care. In Glyfada you will find our Veterinarian Center, “Vet City”, providing a full range of health care and emergency services. It is equipped with the latest medical facilities and includes experienced veterinarians in its staff. Today, Pet City Group has focused a lot on developing a thorough marketing perspective aimed at enhancing and strengthen its relationship with Greek consumers in the basis of Corporate Social Responsibility, which chararacterizes all our actions. Now more than ever, in times of financial crisis, it is imperative to listen to our customers and try hard to satisfy their needs. This is why Pet City has constructed e-shops with high quality products in reasonable prices. Pet City keeps building strong relationships with International companies to further enhance its inventory. The corporate goal for coming years is to reach 100 stores (80 company-owned and 20 franchises) by 2021 in Greece, continuing the steady expansion and increase of our market share, which now is up to around 40% of the pet market (non super-market). The company’s ultimate goal is to educate future generations and shape a culture for better cohabitation of people with our loyal friends. That’s why our slogan is “All about our faithful little friends!”.
Contact details 22nd Km Lavriou Ave., 19400 Koropi, Athens, Greece Tel: +30 2106644761 Fax: +30 2106644762 Email: info@petcity.gr Website: http://www.petcity.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PET CITY S.A. 2015 30,339,751.00 € 2,398,219.00 € 13,418,535.00 € 5,064,061.00 € 9,256,833.00 €
2016 Change (%) 31,893,307.00 € 5.1 3,804,623.00 € 58.6 15,738,680.00 € 17.3 6,831,191.00 € 34.9 11,753,292.00 € 27.0
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DIAMONDS OF THE GREEK ECONOMY
2018
MEGAPLAST SA - A pioneer in Innovative Packaging Solutions
Rubber – Plastics Industrial Turnover 25,735,362.00 €
PROFIT BEFORE TAXES 3,774,979.00 €
Contact details Industrial Zone Herakleion Road A/D, 71601, Nea Alikarnassos, Herakleion, Crete Tel.: +30 2810 381412, Fax: +30 2810 381413 Email: info@megaplast.gr Website: www.megaplast.gr/ www.linkedin.com/company/megaplast-group Athens Office: 38, Vassileos Konstantinou Ave., 19400, Koropi, Attica Tel.: +30 210 8900081 Email: info@megaplast.gr
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Megaplast is a world leading manufacturer of Perforated & Reinforced Stretch Films in the area of innovative flexible packaging. The company, established in 1995 in Greece, and supplies the markets with a complete range of innovative packaging materials. Megaplast’s production facilities are located in Crete, while the R&D Center and the headquarters are located in Athens, Greece. The production site for Megaplast’s products is specifically located in Heraklion, on the Island of Crete. The installations include not only the production lines but also large warehouses for all our products. We keep our stock in warehouses not only in Greece but also in UK, Italy, Spain, Germany and USA as to better facilitate our customers. Our plant was especially designed to ensure High Production Quality while maintaining top-level safety standards and environmental protection. Research & Development at Megaplast is accelerating when the world needs it most. Working out of our R&D center in Athens, our team of highly qualified professionals are working on some of the most exciting projects within the industry. The Product Family of Megaplast consists of two major categories: 1. Perforated stretch films (AirOfilm) and 2. Fiber Reinforced stretch films (Fiber Film) All Megaplast are of high added value and innovative, protected through international patents worldwide. Megaplast global sales network is supported by Megaplast Subsidiaries in UK (Megaplast UK Ltd), Spain (Megaplast Spain SL), Italy (Megaplast Italia SRL), Germany (Megaplast Verpackungsinnovationen GmbH), USA (Megaplast USA Inc), and a local office in France. A Local Distribution Network for the Megaplast Group has been developed all around the globe (Europe, USA, Canada, South Africa, Australia, New Zealand, Middle East and Latin America). Business Culture Our culture is guided by a spirit of excellence. Our nature as a growing up business edifies our values and makes our group a legacy to be preserved in the long term. That is why we give real value to our customers through:
››››››
● Innovation ● Market
Culture ● Entrepreneurship ● Adaptability & Flexibility ● Focus on long term Strategies Mission To plan, develop, manufacture and market innovative, customer-driven superior packaging solutions that deliver measurable customer benefits. Vision To become the premier leader in the global innovative flexible packaging market. Primary Objectives The innovativeness, effectiveness, usability and quality of the products Megaplast produces and distributes. Values ● Reliability ● Integrity / Merit System ● Respect ● Teamwork Megaplast had and has been continually selected among others as one of the companies that increased their turnover more than 120% within the past 7 years with a growth rate of 25%. The company has been honoured with many awards as one of the
›››››› Greek enterprises that despite the market difficulties and challenges, continues to grow, to show positive performance and to support the economy of Greece. For more than 20 successful years, Megaplast is constantly striving for excellence to ensure customer satisfaction, and build strong customer and vendor relationships with respect to the social, ethical & environmental requirements.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
MEGAPLAST SA 2015 24,301,588.00 € 4,673,293.00 € 8,869,966.00 € 18,061,738.00 € 14,478,742.00 €
2016 Change (%) 25,735,362.00 € 5.9 3,774,979.00 € -19.2 8,725,352.00 € -1.6 20,820,080.00 € 15.3 15,661,365.00 € 8.2
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DIAMONDS OF THE GREEK ECONOMY
2018
CHITOS SA - ZAGORI
Beverages
Natural Mineral Water
Industrial Turnover 48.755.779,00 €
PROFIT BEFORE TAXES 6.540.832,00 €
Nikos Chitos, President CHITOS SA
Contact details 12th klm of Ioannina - Konitsa, 455 00 Ioannina, Τel.: +30 26510 61843 Fax: +30 26510 37074 Website: http://www.zagoriwater.gr
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CHITOS S.Α., the Greek bottling company of Natural Mineral Water ZAGORI, is ranked amongst the healthiest and the most dynamically developing industries throughout the country. With a presence of 63 successful years in the Greek market, it has reached the leading position in the bottles water industry with the Natural Mineral Water ZAGORI, meeting all consumers’ needs and creating a strong relationship with them. CHITOS S.A. invests steadily on a zero borrowing basis, increasing manpower, contributing substantially to the national economy. The company has managed to cope with the crisis as an opportunity by recording an increase in sales and profits leading Natural Mineral Water ZAGORI to the top of its market. CHITOS S.A. is constantly pursuing a long-term investment strategy with modern infrastructure, so as to increase its production rates and immunize the quality of the products. As a leader in the Greek market, CHITOS S.A, is constantly looking for potentials to enter new markets, filling existing gaps and meeting consumers’ needs globally, too. Natural Mineral Water ZAGORI is being bottling and trading worldwide, to Europe, the Balkans, and Russia, up to the USA, Canada and Australia. The label “Natural Mineral Water ZAGORI” has been translated into 10 foreign languages, while the product is bottled in packaging that meets the requirements of each foreign market. CHITOS S.A. ensures that offers consumers the most valuable good of nature, water, in excellent quality, as pure as at the moment it springs from the source. Staying true to this principle, the company has adopted an environment and consumer-friendly quality operation standard, focusing on green development, sustainability and innovation. Since 2003, the company has been actively involved in recycling programs, being a member of the National Collective System of Rewarding Recycling since 2010 to enhance environmental awareness and encourage the public to recycle. CHITOS S.A. is the first Greek company, which has signed an agreement with Deutsche Pfandsystem GmbH for the recycling of its packaging in Germany.
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The key elements underlying CHITOS S.A. philosophy is the Respect for the human being, allegiance to the core values, willpower, creativity and equality. The company and Natural Mineral Water ZAGORI are also supporters of important sports events aiming to communicate the message of fair play as a factor of a well-functioning society and an alternative outlet for young people. Today, CHITOS S.A. owns two springs of natural mineral water and two bottling plants in the wider area of Zagori, Perivleptos and Kranoula. The company applies the most innovative bottling technology systems. Bottling of natural mineral water ZAGORI is proceeded by edge technology machinery, guaranteeing a sealed and microbiologically sterile bottling in less than 5 sec. per unit, with no human intervention –each bottle is made in just 3 seconds. The aim of CHITOS SA is to create new models of development and prospects for the country, correlating the brand “ZAGORI”, with progress and development. With constant effort, CHITOS S.A., with natural mineral water ZAGORI, aims to be a conscious preference for consumers, exemplary partner for its clients and responsible company for the society.
›››››› Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
CHITOS SA - ZAGORI 2016 2017 43.517.568,00 € 48.755.779,00 € 3.288.363,00 € 6.540.832,00 € 22.314.531,00 € 25.972.641,00 € 29.895.465,00 € 32.900.152,00 € 11.609.251,00 € 12.259.497,00 €
Change (%) 12,0 98,9 16,4 10,1 5,6
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DIAMONDS OF THE GREEK ECONOMY
2018
Transport Means and Spare Parts Commercial Turnover 42,918,637.00 €
PROFIT BEFORE TAXES 3,199,291.00 €
IAPONIKI S.A.
A leading Greek company in the independent automotive aftermarket business for 45 years
IAPONIKI S.A. was founded in 1973 supplying garages and wholesalers with spare parts for Japanese vehicles. After a few years, the company expanded its range by offering spare parts also for European and Korean cars. The philosophy of the management has always been to expand in new fields and to be able to offer our customers not only spare parts but also tools, equipment and services. Therefore, since 2002 the company operates its own technical department offering tools, machines, diagnostic tools and after sales support to the workshops. This means that besides the training we provide to the garages on the use of equipment, we also have a technical repair and maintenance center (workshop) for all the tools and equipment we sell. Also, we support our customers with a technical phone hotline. Garages can contact by phone our technical department and find solutions concerning diagnosis, information and technical data during car repair. The garage network had been a challenge, so apart from the Bosch Car Service network we started in 2002, we launched the Autofit Service Network in Greece since 2008, having so far 34 members all over Greece. In order to be close to the customer, literally and metaphorically, we widened our branch network having 19 outlets all over Greece. Since the automotive business is changing rapidly and the challenges for the workshop keep growing, IAPONIKI tries always to find ways to assist customers and develop tools (such as our on-line catalogue) that will make their work easier, and extend their knowledge keeping them up to date with technical trainings. By the end of summer 2018, our Technical Training Center will be ready. This center will have both theoretical and practical orientation. Specifically, apart from the training room, we will also have a fully equipped garage for the practical part of the trainings. The economic and political changes in Greece in the past few years have created an uncertain environment, which our company didn’t let to affect it. Throughout the years of the crisis, the company invested in human resources and facilities, creating a safe and credible environment. IAPONIKI doesn’t rest and is always looking for new goals to achieve and more innovative fields to reach.
Contact details 17th km Marathonos Ave., Pallini, Attica, Greece Τel.: +30 210 6669402 Fax: +30 210 6669612 Email: info@iaponiki.gr Website: http://www.iaponiki.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
IAPONIKI S.A. 2015 36,543,004.00 € 2,479,455.00 € 13,478,413.00 € 9,937,079.00 € 19,254,838.00 €
2016 Change (%) 42,918,637.00 € 17.4 3,199,291.00 € 29.0 15,613,117.00 € 15.8 12,437,466.00 € 25.2 20,095,016.00 € 4.4
DIAMONDS OF THE GREEK ECONOMY
2018
Brothers Charalampos and Ioannis Floridis started their successful trajectory in the meat market sector in 1980, when they took over the family business which their father had been running since 1953. Soon it was established as one of the greatest companies of the sector and, following the progress of the market, in 2000, FLORIDIS Meat Processing Company SA was found in new, modern proprietary facilities for the processing of meat and standardization of high quality products. The investment in facilities and mechanical equipment, the company managers and its trained and qualified personnel have all contributed to the ongoing growth of the company. The trust to the steady quality, availability, competitive prices, vast variety of products and client potential has provided the company a place among the best and most promising companies of all Greek manufacturing and trade sector, according to press releases of 2005 and 2017 (DIAMONDS OF THE GREEK ECONOMY). In 2008, Naftemporiki (a Greek popular journal) listed FLORIDIS among the 100 largest food and drink companies. In 2010 and 2014, ICAP included the company in the STRONGEST COMPANIES IN GREECE. In 2010, a new proprietary factory was created, covering a total surface of 10,500 m2, next to the Rentis Fruit Market, equipped with the most modern machinery and a 2,500 ton storage potential. The company owns a modern refrigerator truck fleet. The plant contains: - 2,000 m3 freezing compartments for the conservation of raw and frozen meat. - 2 latest generation quick freezing tunnels. - 4,000 m2 of air-conditioned production and transfer areas. The factory is exemplary of its kind and was built according to the most recent specifications. The company meets all the requirements and technical specifications set forth by the national and communal law for quality and safe food. It holds the veterinary approval codes A133, PE60, F70, IMP135, which permit the legal and safe business in all meat, meat product processing and trade sectors. The company applies the Hazard Analysis Critical Control Point System (HACCP), pursuant to the ΕΝ ISO 22000:2005 International Standard and the IFS FOOD V6 (Higher Level). Quality controls are conducted on a daily basis in all stages of the production process (receipt, processing, storage, distribution), assuring the production of safe and highquality FLORIDIS SA imports meat from the biggest and strongest suppliers all over the world, manufactures and trades a wide range of meat products in different formats. Our products are exported to all over the world and we adapt them to the particular characteristics there may be in each country. We have maintained quality throughout our history, adapted to the demands and innovations of the market. Our goal is continuous improvement while always committed to maximum quality. Our production of beef, veal, pork, piglets, lambs, kids, poultry, catering food products and many others (rabbits, sausages, burgers, kebab, mince, etc) including cutting, boning, degreased and packaged in MAP, amounts to 100 tons per day. We have the possibility to export every week 100 tons of each kind of meat. We have also available meat with HALAL Certificate. Our staff capacity amounts to330 employees and together with our subsidiaries amounts to 420 employees. Our main clientele in Greece consists of : The Group of LIDL, AB VASSILOPOULOS, SKLAVENITIS GROUP, SPAR, MAKRO, METRO and all the Super Markets in Greece. The biggest Hotels, Hospitals, Restaurants, Ship suppliers etc. We also supply the biggest Super Markets in Italy, such as CONAD/ PAC2000, ESSELUNGA, EUROSPIN and in Spain, such as MERCADONA, etc.
Food Products Industrial Turnover 84,869,826.00 €
PROFIT BEFORE TAXES 3,179,110.00 €
FLORIDIS S.A.
Meat industry
Charalampos FLORIDIS, C.E.O.
Contact details Pyrgou & Prespas Str., 183 46 Moschato/Athens, Greece Tel :+30 210-4839200 Fax :+30 210-4839206 Email: info@floridissa.gr Website : www.floridis.com.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
FLORIDIS S.A. 2015 101,862,890.00 € 5,478,924.00 € - 33,993,012.00 € 34,571,848.00 €
2016 Change (%) 84,869,826.00 € -16.7 3,179,110.00 € -42.0 - 32,263,009.00 € -5.1 33,296,478.00 € -3.7
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DIAMONDS OF THE GREEK ECONOMY
2018
Pharmaceutical Products & medical devices Commercial Turnover 36,579,326.00 €
PROFIT BEFORE TAXES 3,103,707.00 €
Aenorasis SA
Intuition in Healthcare
Aenorasis is a Greek pharmaceutical company which has successfully been operating in the healthcare sector since 1998, offering a wide range of effective diagnostic and therapeutic solutions. The company has established and maintains global partnerships built on trust with leading manufacturers of pharmaceutical products and medical devices. Aenorasis thus ensures the high quality of its products and services and, at the same time, demonstrates a positive growth rate in a constantly changing business environment. After a course of almost twenty years in the healthcare sector, Aenorasis is: ●A enorasis is among the best Pfizer performing countries in Europe, being also the best Pfizer distributor in biosimilar business ● T he exclusive partner of top pharmaceutical firms worldwide for the marketing of innovative products in Greece. ●A trustworthy partner for the majority of healthcare professionals in Oncology, Immunology and Nuclear Medicine, and a company which provides effective therapeutic options. ● A Marketing Authorization Holder for high-standard pharmaceutical products. ● T he main distributor of medical devices and high-technology and high-precision products for all hospital units in Greece, thus developing a strong distribution and technical support network. ●A pioneer company in the marketing of innovative medical diagnostics, which support and promote the value of prevention and underline the importance of early diagnosis. The establishment of long-term partnerships with international firms has offered us valuable experience and know-how, encouraging our optimistic outlook about our future in healthcare and the expansion of our business activities in new countries and markets.
George Alevizopoulos, General Manager
Contact details 17 Trapezountos St. & Α. Papandreou Ave., 151 27, Melissia, Athens, Greece Τel.: +30 210 6136332 Fax: +30 210 8105298 Email: info@aenorasis.com Website: https://www.aenorasis.com
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Aenorasis SA 2015 33,534,387.00 € 2,446,833.00 € 16,570,064.00 € 20,844,015.00 € 41,543,836.00 €
2016 36,579,326.00 € 3,103,707.00 € 18,483,500.00 € 18,816,477.00 € 30,473,315.00 €
Change (%) 9.1 26.8 11.5 -9.7 -26.6
DIAMONDS OF THE GREEK ECONOMY
2018
Beverages Industrial Turnover 31,756,659.00 €
PROFIT BEFORE TAXES 2,738,117.00 €
LOUX MARLAFEKAS SA
Loux: Quality and Innovation on the first line!
Ioannis Marlafekas, President & CEO
Contact details 88 Agiou Stefanou St., Saravali, 265 00 Patra, Achaia, Greece Τel.: +30 2610 529680-1 Fax: +30 2610 529682 Email: info@loux.gr Website: https://www.loux.gr/
Loux - Marlafekas is the largest, Greek-owned, soft drink and juice company in Greece. Having developed a wide range of soft drinks and juices since 1950, Loux holds firmly the 2nd place in market share among other multinational and equally known companies in the sector. Loux, regardless the competitive circumstances, stands out day by day thanks to its sheer mentality of combining fruitfully high quality, passion for development, perception and hard work. Today, Loux operates three company-owned, state-of-theart facilities in the Peloponnese, a production, bottling and distribution facility for its products, while a new logistics center was added in Attica in 2008. This progressive step was part of a large facilities upgrade investment plan, valued at more than €20 million since 2007, designed to enable Loux to keep up with growing demand and proceed with the production of new, innovative products. As part of this growth plan, Loux recently invested €5.5 million in a new production line. Despite the challenging conditions in the market, Loux has achieved steady growth, ranking among the most successful Greek companies. In 2017, Loux sales reached over €33 million, with an increase of 5% compared to 2016, while profits rose by 30% in comparison to 2016. The firm has zero bank debt, is self-financing its investments and attempts to maintain its transparent profile by following a steady pace of regular upgrade. Loux currently employs a staff of 130 -including external workers- all over Greece. This is complemented by a nationwide distribution network comprising of approximately 500 representatives, which enables loux products to reach over 50,000 points of sale. During the past decade, the company has not only maintained its working positions but it has also increased its workforce by 102%. Loux invests in its partners, considering its human factor as its most valuable asset and an integral part of the company’s growth over the years. Loux’s growing export activity takes place in 24 countries worldwide, from the US to Australia, and accounts for 5% of the company’s total sales. The company aims at increasing this percentage soon, as markets in the Nordic countries and the Middle East are expressing interest in loux products. In 2016 Loux introduced the new generation of innovative light soft drinks loux plus’ n light, the first light refreshments with only natural sweeteners (fruit sugars, fructose and herbal sweeteners), without any added sugar and 60% less calories. Willing to expand the exclusive expertise in natural sugar consistency, the company launched in 2017 the loux plus ‘n light tea, in peach, red fruit and lemon flavors that follows the philosophy of plus ‘n light products, responding to consumer needs for balanced nutrition, while preserving Loux’s commitment to unrivaled quality, rich flavor and unique pleasure. Loux has received multiple distinctions over the last decade as a reward to its high appeal to worldwide consumers. One of the most important highlights was in March 2017, when loux products were the first Greek refreshments to be selected as the Top Superbrand in the category of non-alcoholic beverages, in the history of the competition of “Superbrands”. Furthermore, Loux achieved double success at the ceremony of Made in Greece Awards 2017, since it received the award for “Most Famous Greek Product” and a prize for “Excellence in Business”. Loux has also managed to confirm its strong presence in the international market, by winning the title of “Best Soft Beverage” at the Gulf Innovation Awards 2017. Since the 1950s until this day, Loux remains focused on its core values and vision of quality, creativity, drive for innovation and customer respect, while supporting social, sports and cultural initiatives, through an extended social responsibility program. The company’s consistent participation in multiple national and international shows, leads to a constantly increasing number of consumers that indicates Loux’s reliable and solid corporate background.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
LOUX MARLAFEKAS SA 2015 30,003,513.00 € 3,467,093.00 € 17,766,445.00 € 26,558,976.00 € 12,633,936.00 €
2016 Change (%) 31,756,659.00 € 5.8 2,738,117.00 € -21.0 18,227,102.00 € 2.6 27,024,314.00 € 1.8 13,128,467.00 € 3.9
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DIAMONDS OF THE GREEK ECONOMY
2018
Food Supplements Commercial Turnover 12,664,006.00 €
PROFIT BEFORE TAXES 2,542,736.00 €
Power Health Hellas SA Nature’s Pharmacy invests in innovation, quality and international expansion
Lili Perganta, President & CEO, Power Health
Contact details 59 Deligianni St., Metamorfosi, 14452, Athens, Greece Τel. +30 210 2821500 Fax: +30 210 2851122 E-mail: power@powerhealth.gr Website: http://www.powerhealth.gr
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Power Health marks a successful route in one of the healthiest and most developing sectors of the Greek Economy, the Food Supplements Sector. A sector that Lili Perganda, President & CEO first believed and invested in 34 years ago. As an ambassador of the Geek Nature’s Pharmacy since the beginning of the 80s, the many times awarded Greek Company, even during the years of the debt crisis, proved that the Vitamins and Dietary Supplements sector has even more to offer. The starting-point in 1984 was marked by the introduction of the pure dietary supplements, vitamins, phytotherapy and homeopathy. In 2003, the creation of the first Greek Research and Development department dedicated to Vitamins & Dietary Supplements opened up new horizons, proving that nature is inexhaustible in nutrients and beneficial properties for people’s health and wellbeing. Since 2015, Power Health follows a clear strategy around three main pillars: Innovation, Quality and International Expansion. This has led the company to constantly look for ingredients that will meet the modern needs of the Greek family. The Company invests in innovative ingredients, such as the oleuropein, a component found on the olive leaves extract, the basic ingredient of Oliviotic, the alternative to the treatment of common cold, flu, and also in the upper
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respiratory tract. At the same time, modern lifestyle requires specialized compositions that have even more targeted action on everyday health problems. So, taking it a step further on alternative products, Power Health creates new-generation food supplements, such as Synergistic Formulations. These are multidimensional formulations with innovative combinations of natural ingredients that «enhance» each other, thereby increasing their effectiveness. These formulas offer a guaranteed result and at the same time a holistic care with multiple benefits for our body. At the same time, the adoption of new pharmaceutical forms, combined with new production technologies, allows Power Health to use natural components. The first effervescent tablets Chios Mastic and Chios Mastic Extra in water-soluble form, are two excellent products for digestive care that represent the company’s global innovations. By investing in innovation, Power Health is today able to offer the first effervescent vitamins with Stevia which replaced the sugar additives previously used in order to offer “clean label” products to the consumers. A strategic move that is a result not only of the investment in innovation, but also of the willingness to constantly propose high quality solutions.
›››››› In parallel, the quality of the Company’s products, which is a non-negotiable commitment, is deeply rooted in Power Health’s new product launching philosophy. All the products contain selected natural organic ingredients with clinically proven activity, safety, efficacy and official health claims from the European Food Safety Authority (EFSA). Most advanced manufacturing practices and technologies are applied to all the products which have also a notification number from the national organization for medicines (MOH). Power Health’s vision is to be the ambassador of Greek nature in Greece and in the international markets. This results in the Company’s systematic investment in extroversion and strengthening of its international profile. The nature’s pharmacy is gaining the confidence of foreign markets as it is already present in Cyprus, Albania, Bulgaria, Lebanon, the UK and Malta. The positive messages encourage Power Health to expand its exports which are the cornerstone of their economic strategy. The company is developing with respect and ethic towards their consumers, society and the environment. Its commitment to be close to the Greek family is perceived by the consumers since Power Health has been voted as the best-performing brand of food supplement category for 2017: A very important award which proves that the Company has succeeded in making Power Health a brand relating to social sensitivity, responsibility, consistency and the satisfaction that consumers invest in a growing Greek company with a human profile.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Power Health Hellas SA 2015 2016 Change (%) 13,532,992.00 € 12,664,006.00 € -6.4 2,157,482.00 € 2,542,736.00 € 17.9 9,708,997.00 € 8,915,093.00 € -8.2 4,209,252.00 € 4,576,872.00 € 8.7 3,301,604.00 € 2,954,304.00 € -10.5
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DIAMONDS OF THE GREEK ECONOMY
2018
EZA SA Hellenic Brewery of Atalanti
Spirits Industrial Turnover
The Hellenic Brewery of Atalanti (EZA) is a 100% Greek company that began its operation in Greece in 1989, as a subsidiary of the German lager group Lowenbrau, while a year later it procured the manufacturing plant in Atalanti. The same year, the organization was reconstituted and took its present name as “Hellenic Brewery of Atalanti”. In 1998, Syrianos family bought the shares held by the German subsidiary with a management buyout, resulting, five years later, in the company’s transition to a 100% Greek ownership. Hellenic Brewery of Atalanti gains great knowledge on beer production, exceptionally affected by the know-how of German and Belgian brewers, while concentrating on consistent quality controls of lager production in the industrial facility of Atalanti. In the meantime, the organization advances its portfolio with great imported brews such as Becks and Franziskaner. The time of 1996 ended as a highly productive year for the Hellenic Brewery of Atalanti, as the organization created its initially possessed Greek label, PILS HELLAS. On a similar wavelength, after 13 years, in 2009, Hellenic Brewery of Atalanti created its second label BERLIN, a Greek brew of novel taste and quality, with the process of maturing taking place at least 21 days. The years after made Hellenic Brew-
30,502,000.00 €
PROFIT BEFORE TAXES 2,527,000.00 €
Athanasios Syrianos, President and Chief Executive Officer of Hellenic Brewery of Atalanti
Contact details Kyparissi, 35200 Atalanti, Greece Tel.: +30 2233097500 Fax: +30 2233097676 Website: http://www.eza.gr
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ery of Atalanti a pioneer in draft lager, as the organization actualized solid interests to get all the unique equipment and also to overhaul its assets and facilities. Since 2011, the company sets out a completely independent strategy by participating in the decentralization of the Greek economy, while the organization continuously advances by creating three new labels, including BLUE island, a fantastic fruity beverage, εζα, a beer with stunning taste which is distinguished among the best quality lagers of the Greek market, and ODYSSEY, a beer that denotes a new category. In addition, Hellenic Brewery of Atalanti figures out how to effectively import and convey other well-known beer brands such as Gulden Draak, Krombacher and Acrobrau, both in residential and global level. In 2013, a noteworthy capital increment was executed, as the DAMMA Holdings finance procured the role of the company’s strategic investor, denoting a new momentum for the company’s modus operandi. Commencing the new era with optimism, the Hellenic Brewery of Atalanti invested both in the modernization of its assets as well as the production increase. Under these prosperous conditions, in 2015 the primary part of the venture design was concluded, with the new plant in Atalanti amounting to 5.500.00 €.
In Hellenic Brewery of Atalanti, human resources assume an imperative part in the organization’s prosperity, vision and mission. Hellenic Brewery of Atalanti’s people, a substantial number of experienced and talented personnel of specialists and researchers, constitute the organization’s DNA and quality, the additional lift in accomplishing any objective the company sets. Hellenic Brewery of Atalanti’ s is to become a solid and dependable column in the Brewing Sector of Greece, with a concurrent participation in the global market. Similarly, essential to the organization’s operation is the sustainability factor, as the organization always puts resources into best eco-friendly practices, specialized personnel, as well as in local societies and institutions, leaving a strong environmental footprint in society’s wellbeing. Last however absolutely not slightest, the Hellenic Brewery of Atalanti effectively supports all the positive states of mind and practices towards Greece’s advancement, completely adjusted to the national improvement designs. Hellenic Brewery of Atalanti’ s vision is to comprise a dynamic organization that will effectively reserve and bolster the national developmental effort of Greece, by creating everlasting values and new job openings, while effectively circulating its products across Greece and abroad.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
EZA SA 2015 13,454,000.00 € 176,000.00 € 2,344,000.00 € 14,351,000.00 € 19,258,000.00 €
2016 Change (%) 30,502,000.00 € 126.7 2,527,000.00 € 1335.8 7,889,000.00 € 236.6 16,514,000.00 € 15.1 30,500,000.00 € 58.4
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DIAMONDS OF THE GREEK ECONOMY
2018
PHARMACEUTICAL LABORATORIES Commercial Turnover 2017 22,900,000.00 €
EBITDA 2017 3,060,000.00 €
INTERMED S.A.
Value for people, responsibility towards Society
InterMed was founded in 1996 by Kleon Tsetis, a pharmacist who envisioned a pioneer manufacturing industry in the medical field, which would contribute to the treatment of everyday needs, as well as specific health issues that affect modern humans. During the years of its operation, InterMed has demonstrated a continuing upward course, focusing on exploring future prospects with regard to international scientific developments and constantly expanding its product portfolio, which is prominent for innovation and quality. The result of this course has been the establishment of InterMed in the Greek and International markets with brands such as Unisept, Chlorhexil, Eva, Reval and others. The perpetual effort for development, together with the commitment and expertise of its experienced and well-trained personnel, support the corporate strategy and its contribution to society. Our mission, vision and values Our Vision: The contribution in healthcare and the improvement of the quality of life of modern humans, through the development and production of innovative products. Our Mission: The development, production and distribution of innovative pharmaceutical and parapharmaceutical products, covering the daily, general and specific needs of modern humans.
Contact details 27 Kaliftaki St., GR-145 64, Κifissia, Attica, Greece Τel.: +30 210 6253 905 Fax: +30 210 6253 906 Website: http://www.intermed.com.gr/
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Facilities The headquarters are located in Kifissia, in a modern building complex, with a total area
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of 17.000 m2, just a few kilometers north from the center of Athens. The premises are comprised of: ● Headquarters and Laboratories 8,000 m2 ● Industrial Facilities 4,000 m2 ● Finished Product Warehouse 2,000 m2 ● Other Storage Facilities 3,000 m2 Research & Development Cutting- edge Technology We are committed to research, since innovation is our daily concern, in order to offer solutions of high added value and quality. The R&D Department collaborates directly with both the Quality Control Department and the Production Department. In addition, this department monitors new legislation related to InterMed activities, as well as innovations in pharmaceutical and cosmetic technology, thus ensuring that InterMed is in the forefront of industrial development. Department of Pharmacology and Cosmetic Technology The Department of Pharmacology and Cosmetic Technology is responsible for developing new products and improving the ones already marketed. It operates with highly trained scientists who, through collaboration with research teams and Academic Institutions all over the world, apply the latest knowledge and turns it into new innovative products consistent with the needs of modern humans, aiming to the improvement of quality of life.
Commitment to Quality InterMed’s basic commitment is to identify and meet the needs of modern men by applying the current law in order, and continuously improving customer satisfaction, product quality, social and environmental contribution. InterMed produces its products in accordance with applicable Good Manufacturing Principles (GMP) principles using raw pharmaceutical materials of pure grade. To ensure excellence in its way towards quality, InterMed has been certified according to: ●E N ISO 9001:2008, for applying a quality management system in all processes, ●E N ISO 13485:2012, for applying a quality management system in development, production and distribution of medical devices. ●E N ISO 14001:2004, for applying an environmental management system.
Awards and Recognitions Throughout the years InterMed has received numerous awards by both national and international Institutions for its innovative products and business practices. Indicatively, some of these awards are listed below: EFQM Recognised for Excellence - 5 stars: Within the nine consecutive years that the company applies the EFQM Business Excellence Model, ΙNTERMED has managed to combine business development with continuous improvement of business processes in key functional areas and to keep raising standards of excellence higher every time. Investors in People International Accreditation: The certification proves that the company’s management considers its people companions in the corporate development and focuses on their empowerment and securing a healthy, safe and creative future for them and their families. The award ceremony took place on November 24, 2015, at the premises of the Greek Management Association.
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Registration Department Registration Department is responsible for the creation of the necessary files for the scientific documentation of the products developed by InterMed pharmaceutical laboratories. It also responsible to plan, organize and supervise clinical studies, in collaboration with universities, research centers and independent institutions in Europe.
Gold Award for Business Ethics, awarded by the Greek Chapter of EBEN (European Business Ethics Network): This distinction came as a result of InterMed’s commitment to the corporate Code of Conduct, to the systematic social responsibility activities, as well as its established corporate governance mechanisms. “Excellence and Competition Award”, in the field of Health-Medicine and Beauty, as part of the Salus Index Award Scheme 2017. Gold Award - Pharmacy Market Excellence Awards 2017, for the Scientific Training of Pharmacists.
“Most Influential Brand”, In the context of the Healthplex Expo, Natural & Nutraceutical Products China 2017, which took place in Shanghai in June 2017. Packaging Innovation Award 2017: Silver for the innovative design of the product Herbofix.
INTERMED S.A. 2016 Turnover 20,450,000.00 € EBITDA 3,290,000.00 € Profit Before Tax 2,600,000.00 € Total Assets 27,200,000.00 € Total Equity 21,350,000.00 €
2017 Change (%) 22,900,000.00 € 12.0 3,060,000.00 € -7.0 2,300,000.00 € -11.5 35,800,000.00 € 31.6 23,000,000.00 € 7.7
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DIAMONDS OF THE GREEK ECONOMY
2018
VITEX – YANNIDIS BROS A New International Strategic Alliance | Vitex with TeflonTM
Chemical Products Industrial Turnover 31,189,946.00 €
VITEX – YANNIDIS BROS is the largest Greekowned company of architectural paints. In spite of the economic recession, VITEX continues to invest and expand. In the period 2012-2017, the firm saw its growth rate jump to 32% in net sales, with a 20% increase in the number of staff. Our trusted brands are briefly described below: ● VITEX - an integrated architectural paints portfolio for decorative and protective solutions ● HERMES - expertise in bituminous waterproofing membranes and asphalt varnishes ● VITEXTHERM - certified external thermal insulation system and anti-crack protection ● EUMARIA - yacht paints for outstanding durability in compliance with all international standards The Group’s activities started back in 1932 with the production and trading of bituminous paper and insulation materials in
PROFIT BEFORE TAXES 2,275,475.00 €
Constantine N. Yannidis, President of B.O.D.
Contact details IMEROS TOPOS, 19 300, Aspropirgos, Attica, Greece Τel.: +30 210 5589500 Fax: +30 210 4835 007 E-mail: info@vitex.gr Website: http://www.vitex.gr
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Greece. In 1960 the company expanded its business to the production of paints and varnishes. The VITEX brand was born! It was the company’s first product in this industry. The company then was named ERMICHROM, and VITEX was at the time a pioneering plastic paint with innovative characteristics that included the fast-drying time allowing for faster completion of painting projects. Today the Group has a significant presence in Southeastern Europe, with affiliated companies in Serbia, Bulgaria and Romania, while it exports to over 17 countries across the world. The Group employs a staff of 234 in research & development, sales, production, exports, marketing, quality control and product safety. VITEX has been the recipient of a significant number of prestigious awards, including the Health & Safety awards, Best Hotel Supplier award, Diamonds of the Greek Economy award, DIY Awards, etc. This year, the group celebrates the 10th an-
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
more markets, the group has drawn up an action plan for its expansion to several countries, in an effort to capitalize on the Group’s products superior quality and the capacity of its production facilities. The VITEX brand enjoys a high awareness and preference rate in both the professional and DIY markets. VITEX – YANNIDIS BROS, inaugurates the new coatings era for Southeastern Europe by launching the new generation matt emulsion paint. Exclusively by Vitex, the new Vitex with TeflonTM introduces the ultimate TeflonTM surface protection technology in coatings. Vitex with TeflonTM was the first product of an exclusive cooperation between Vitex and the world leader in chemicals ChemoursTM for Greece, Cyprus and other Southeastern European countries.
VITEX S.A. 2015 30,697,345.00 € 346,242.00 € 10,363,668.00 € 35,336,199.00 € 31,393,471.00 €
2016 Change (%) 31,189,946.00 € 1.6 2,275,475.00 € 557.2 10,565,485.00 € 1.9 37,587,509.00 € 6.4 26,971,223.00 € -14.1
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niversary since the start of operation of the state-of-the-art production plant, which incorporates the most advanced and contemporary technologies and superior standards. The production sites and buildings are fully company-owned, a sign of the group’s high capitalization. Facilities host two individual production units, a logistics center, R&D lab and the Group’s headquarters. On this production site, we have set high standards in terms of productivity, technology, health safety and environmental performance. VITEX fulfils the commitment and adopts high occupational standards in health and safety processes according to the triple standard of Quality, Environment and Health & Safety (ISO 9001/14001/18001). Believing in the potential of penetrating
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2018
The Pharmacist’s Supplying Cooperative of Attica (PRO.SY.FA.PE.) is today the most modern and dynamically developing group of companies in the distribution of pharmaceutical and parapharmaceutical products and services, focusing on modern pharmacy needs. The inspired business initiative of a small group of visionary pharmacists was the driving force behind a steady success story. PRO.SY.FA.PE. Group is currently comprised of the Pharmacy Consortium of Attica (Peristeri), and its four subsidiary SA companies in Alimos, Corfu, Lamia and Ioannina. The Group is housed in installations of a total floor space of 12,500sqm, of which 5,500sqm are privately-owned; it services 2-3 times a day more than 1,700 pharmacies, members and customers. It operates automated systems and high-quality equipment in specially designed air-conditioned storage areas, ensuring excellent warehousing and handling conditions according to international standards. It is certified by TÜV Austria Hellas International Certification, according to ISO 9001:2008. The non-negotiable and daily concern of PRO.SY.FA.PE. Group is to ensure the availability and sufficiency of products to pharmacies, members and customers. Wishing to ensure not only public health, but also the reliability of pharmacists, members and customers over their own clients, they have managed to supply them with the necessary quantities of drugs, consciously avoiding parallel trade, at a time when the intense export activity creates enormous shortcomings. In addition, the group supports pharmacies by offering value-added services of high standards. The range of these services is constantly being modernized and expanded in an attempt to improve the image of the modern pharmacy and enhance the pharmacist’s sensitive role. With consistency, seriousness and hard teamwork --believing in cooperative values and recognizing its social responsibility-- the group looks at opportunities and takes initiatives to remain the first and only partner of the pharmacist. In this effort, the biggest investment is the Group’s people. Every day, the group firms’ staff of 298 work and implement the group’s vision and values with a high sense of responsibility. PRO.SY.FA.PE. Group, focusing steadily on its goal, is advancing ahead through methodical and successful selection of business moves that guarantee the development of its activities and the safeguarding of its leading position in the market. It drives developments through collective effort, sense of responsibility, excessive dedication and zeal, and values and philosophy that govern and enhance its credibility over time.
Pharmaceutical Products Commercial Turnover 280,245,499.00 € PROFIT BEFORE TAXES 1,711,488.00 €
Pharmacist’s Supplying Cooperative of Attica (PRO.SY.F.A.P.E.)
On-going upgrade of services to pharmacies
History 1981: Establishment of Pharmacist’s Supplying Cooperative of Attica (PRO.SY.F.A.P.E.), in New Chalkidona. 1995: Establishment of the first subsidiary company in Alimos, SYNFA SA 1998: PRO.SY.F.A.P.E. moved to new privately-owned facilities in Peristeri; expansion of IT systems; and, creation of on-line ordering and service of pharmacies. 2001: Establishment of second subsidiary company in Corfu, SYNFA CORFU. 2002: Certification of the Group according to ISO 9001:2000, and as per Ministerial Decision on the Good Distribution of Medical Devices and Products, by the internationally creditable TÜV Austria Hellas. 2006: Establishment of third subsidiary in Lamia, SYNFA STEREAS ELLADAS SA. 2008: Extension and upgrading of the automation system at SYNFA Alimos. Introduction of RF systems in manual sorting. 2014: Establishment of fourth subsidiary in Ioannina, SYNFA EPIRUS SA. 2017: Upgrade of fixed installations and distribution systems.
Andreas Galanopoulos, President of PRO.SY.F.A.P.E. Group
Contact details 3 Konstantinoupoleos St., Peristeri 121 32, Athens, Greece Τel.: +30 210 5709.492 Website: www.prosyfape.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PRO.SY.F.A.P.E GROUP 2016 283,926,734.00 € 2,077,971.00 € 12,947,631.00 € 46,990,872.00 € 52,761,557.00 €
2017 Change (%) 280,245,499.00 € -1.3 1,711,488.00 € -17.6 13,197,952.00 € 1.9 47,003,015.00 € 0.0 54,521,031.00 € 3.3
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2018
Pharmaceutical Products Commercial Turnover 135,342,363.00 €
PROFIT BEFORE TAXES 1,735,552.00 €
SANOFI
Sanofi, Empowering Life
Contact details 348 Syngrou Ave., Building Α, 17674 Kallithea, Athens, Greece Tel.: +30 210 9001600 Fax: +30 210 9249129 Website: http://www.sanofi.com http://www.sanofi.gr
Life is a health journey, with its ups and downs and its challenges. These can be big or small, lifelong or momentary. We, at Sanofi, are there beside people in need, as a health journey partner. We aim to protect, enable and support people facing health challenges, so they can live life to its full potential. We are a diversified company centered on human health, operating worldwide and transforming scientific innovation into healthcare solutions. A topranking player in the life-sciences industry, we provide innovative health solutions across a broad spectrum of health conditions: ● whether it is a mild case such as a cold, allergies, digestive troubles or severe cases of cancer ●w hether it is to support a few people facing rare diseases, such as Lysosomal Storage Disorders, tens of thousands living with multiple sclerosis or atopic dermatitis, or millions of people with chronic conditions, such as diabetes or cardiovascular diseases, Sanofi is bringing forward new solutions for health challenges around the globe by continuing to invest in Research and Development and reaching an investment of €6 billion per year by 2020. Indicatively, we have a deep heritage and continuous innovation in the area of Diabetes. For over 90 years, we are innovating by developing effective treatments, informational and educational programs to help people with diabetes live a healthier and productive life. Also, in the field of immunology and inflammation, we are focusing on the discovery and development of innovative healthcare solutions for diseases, such as rheumatoid arthritis as well as chronic inflammatory diseases such as asthma and atopic dermatitis. By providing solutions that address conditions along the entire continuum of care – prevention to treatment - for hundreds of millions of people in over 170 countries across the globe, we help people live longer, live better and experience life to its full potential. Sanofi is about Empowering Life. Sanofi at a glance 100,000+ employees 145 nationalities 100 countries 80 manufacturing sites Providing healthcare solutions in more than 170 countries around the world Sanofi in Greece More than 40 years investing in Greece 200 employees 23 clinical studies (180 centers, 1150 patients)
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SANOFI 2015 157,590,144.00 € 2,902,689.00 € 42,217,596.00 € 34,418,400.00 € 63,586,609.00 €
2016 Change (%) 135,342,363.00 € -14.1 1,735,552.00 € -40.2 27,545,406.00 € -34.8 36,472,146.00 € 6.0 76,250,504.00 € 19.9
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2018
CHEMICAL PRODUCTS Industrial Turnover 135,934,244.00 €
PROFIT BEFORE TAXES 6,779,159.00 €
VIORYL S.A.
Exports accounting for 40% of annual sales 10% of the turnover on R&D activities
VIORYL S.A. is a Greek company established in 1946, mainly engaging in development and production of industrial fragrances, flavours, fine chemicals, as well as 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 floor space of 12,500 sqm in buildings on a 50,000-sqm plot of land. 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 innovative, high-quality products. The dynamic evolution in scientific research, combined with the firm’s commitment to quality and collaboration with customers, provide VIORYL with a competitive advantage that has earned the company an excellent reputation worldwide, contributing to its continuous growth. VIORYL’s sales topped 21 million euros in 2017, demonstrating consistent year-over-year growth. R&D spending has reached 10% of annual revenue, with an investments plan for the years 2016-2018 of 2.5 million euros, including the installation of new production equipment and new warehouse in Thiva, and new R&D laboratories in Afidnes. A substantial part of VIORYL’s growth comes from exports, which in 2017 accounted for about 40% of its total revenue. The company has a presence in Europe, Middle East, Africa, Far East and North America, with further expansion planned. “As VIORYL foresees substantial growth overseas, we aim to further enhance our presence in foreign markets with new products resulting from intensive work in our multidisciplinary research laboratories”. Dr. Nikitas Ragoussis, Managing Director, VIORYL S.A.
Nikitas Ragoussis, Managing Director of VIORYL S.A.
Contact details 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
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
VIORYL S.A. 2015 20.488.163,00 € 1.742.663,00 € 8.781.542,00 € 11.214.020,00 € 10.281.513,00 €
2016 Change (%) 20.836.991,00 € 1,7 1.862.185,00 € 6,9 8.487.182,00 € -3,4 11.913.973,00 € 6,2 9.559.872,00 € -7,0
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2018
PEI.FA.SYN. GROUP The future is now...
Pharmaceuticals Commercial Turnover 147,150,439.00 €
PROFIT BEFORE TAXES 1,531,190.00 €
Thanasis Mouchtis, General Manager of Pei.Fa.Syn. Group
Contact details 98 Ag. Ioanni Renti St., 18233 Aghios Ioannis Rentis, Athens, Greece Tel.: +30 210 4830291 Fax: +30 210 4810116 Email: info@peifasyn.gr Website: www.peifasyn.gr
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PEI.FA.SYN. Group, a purely Greek company, is a pharmacist cooperative established some 40 years ago, with a strong presence in the field of drug wholesale. It stores and distributes the entire range of pharmaceutical preparations for human use, and also has a wide range of parapharmaceutical, orthopedic, cosmetic, diagnostic, sanitary material and devices, facial and body cleansing and care products and nutritional supplements. The cooperative offers its customers a full supply of goods with two or three orders each day, while providing support with experienced staff or partners in matters of IT, training and general support in professional and scientific matters. PEI.FA.SYN., having as its primary objective the excellent service of the customer with responsibility, applies the following: Quality and reliability The company applies the ISO 9001:2015 standard, which certifies all of its operations. All marketed merchandise is approved by the National Drug Agency (EOF). Quality assurance of the goods being marketed is ensured by means of certified procedures which describe in detail the requirements for the supply, receipt, storage and transport of pharmaceutical goods, and control of facilities and equipment used. Also, its fleet of delivery trucks is in line with the European guidelines for good practice in the delivery of medicines. The cooperative staff is trained to implement the above. Finally, the organization complies with the Privacy Policy, developing relevant security structures and practices. Decentralization and flexibility With a decentralized logistics network, PEI.FA.SYN. processes daily some 3,000 orders for approximately 800 pharmacies. It has 4 distribution centers, in Piraeus, Argolida, Corinthia and Samos, serving the local pharmacies with its 35 privatelyowned vehicles, as well as the pharmacies of the Cyclades, Dodecanese and Lemnos, with courier services. PEI.FA.SYN. has developed an online ordering system, which means that about 70% of the daily orders are made on-line, while the firm has also innovated by developing an online B2B platform. So, pharmacists have 24/7 access to offers, product information or health and beauty advice. At the same time, they can
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be informed about electronic accounting and further information on their account. Through MB2B, pharmacists can pay their bill by credit card. Investments in infrastructure and technology PEI.FA.SYN. is proud of its most modern and fully equipped facilities in the sector in Greece. With recent significant investments of more than €3m, the logistics infrastructure has improved and now consists of: ● Two modern and fully equipped buildings on adjoining plots in the Athens area of Ag. I. Renti, of a total floor space of approximately 4,700sqm ● Sufficient storage space for all goods ● A modern automated sorting system, covering about 75% of the daily traffic ●M odern warehouse management software (WMS) with the ability to electronically pick up and sort goods ●P rivately-owned means of transport ●A modern order grouping system per itinerary ●C omfortable administrative and auxiliary spaces. Environmental Protection Recently, plastic bags have been replaced by multi-use boxes. At the same time, electronically available accounting information does not require printing on paper (account bills, receipts, etc.), resulting in environmental protection and saving of natural resources. Our Values - Customer Orientation The firm’s customer-centered philosophy characterizes its historical way of business. The quality of service, high standards of operation, human resources organization and renewal of infrastructure and equipment rely on and support the acceptance and confidence of the ever expanding customer base. The stability, continuity and consistency of the Management, whose every action is driven by customer satisfaction, demonstrate our respect for customer needs and requirements. Logistics accompanies the above with the customer by establishing a permanent and two-way communication with them, so as to ensure the reception of all messages for the services. The team spirit of the Cooperative’s human resources cre-
ates an excellent working environment that leads to good results. Continuous training seminars for the clientele by well-trained instructors help each client individually to better understand their needs and actions for the future. Corporate social responsibility PEI.FA.SYN. considers corporate social responsibility as an important and integral part of its culture. Return is part of the cooperative’s philosophy: it steadily but silently undertakes social assistance initiatives to support vulnerable social groups, as well as environmental protection actions, both in its daily practice and via related action. We make our decisions looking at the future, as we have: ●g ood economic indicators - for another year in 2017, sales rose to more than €172.5 million, with equity of around €20 million and low borrowing
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PEI.FA.SYN. 2015 146,955,130.00 € 1,846,546.00 € 6,317,387.00 € 17,853,036.00 € 29,515,257.00 €
2016 Change (%) 147,150,439.00 € 0.1 1,531,190.00 € -17.1 6,488,494.00 € 2.7 18,764,539.00 € 5.1 31,555,360.00 € 6.9
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support for members, now numbering more than 530 protection
services, with environmental
●p roper development of human resources,
with job creation. We currently employ a staff of 187 ●o ptimization, and not maximization of profit, with pre-tax earnings in 2017 at €1.6 million
Our goal and our vision remain to offer our customers services that fully ensure the excellent operation of their pharmacies for the benefit of patients.
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● i nnovative
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2018
IKTINOS HELLAS S.A. - Superior materials
Marble Industrial Turnover 2017 47,609,598.00 €
PROFIT BEFORE TAXES 2017 14,910,132.00 €
Iktinos Hellas, listed on the Athens Stock Exchange since 2000, was founded in 1974 by architect Evaggelos Chaidas, with its main activity being the extraction, cutting and processing of marble blocks, and applications in architecture and sculpture, mostly for export. Iktinos Hellas excavates from seven quarries in northern Greece, processes and exports the famous and highest quality marbles, Thassos, Volakas, Nestos and the unique marble “Golden Spider’’ from Mount Pangeo, which has been registered as a brand name. Iktinos Hellas has offices in Athens and Drama, two cutting and processing factories in Athens, one cutting and processing factory in Drama, warehouses and showrooms and complete sales network. Sales in 2017 jumped to €47.6 million, up 50% yoy. In Q1 2018, sales almost doubled to €11.7 million against €6.6 million (up 78%) in the same period a year earlier.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities Ioulia Chaida, Vice President
Contact details Likovrissis St., 14452 Metamorfosi, Athens, Greece Tel: +30 210 2826825 Fax: +30 210 2818574 Website: http://iktinos.gr
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Iktinos Hellas has the following subsidiaries companies: ● Marble Sector: Feidias Hellas SA (90%). ●W ind Energy Sector: IDEH SA (100%).
IDEH has constructed and operates a wind farm of 22MW, while another one (8MW) is already under construction. Also, it has set up four other companies in order to operate the wind farms. These wind farms are in the process of licensing. The total capacity of the new wind farms is 61.8MW. ●R eal Estate Sector: Latirus Enterprises Ltd. (100%). It is a tourism and residential development of 2,800 acres in the coastal area of Faneromenis Bay in Crete, comprising of a hotel, a spa, a conference center, a golf course, a leisure craft marina and two residential areas.
IKTINOS HELLAS S.A. 2016 31,724,004.00 € 1,409,842.00 € 13,760,517.00 € 31,579,681.00 € 32,665,389.00 €
2017 Change (%) 47,609,598.00 € 50.1 14,910,132.00 € 957.6 28,066,420.00 € 104.0 37,707,335.00 € 19.4 34,155,620.00 € 4.6
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Pharmaceutical Products Commercial PROFIT BEFORE TAXES 1,283,135.33 €
LionPharma SA One of the fastest growing & most dynamic pharmaceutical wholesale distributors in Greece
Contact details 20 Florinis St., Moschato, 18346, Athens Tel.:+30 2165002200 Fax:+30 2104821825 Email: info@lionpharma.gr Website: https://www.lelosgroup.gr
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LionPharma, through a stable and successful multi-year operation, is regarded as a leader in trading, storing and distributing pharmaceutical, parapharmaceutical and cosmetic products in Greece, with its main activity being the supply of pharmacies in the wider region of Southern Greece and the Aegean islands. It is a member of Lelos Group, Greece’s largest private drugstore group comprising of nine companies and serving more than 2,600 pharmacies nationwide. Since its foundation, it has managed to steadily increase its financial figures every year, keeping up its successful track even today, in spite of the crisis experienced by the entire pharmaceutical sector. LionPharma represents the largest investment in the pharmaceutical wholesaler sector in Greece in recent years. It operates in privately-owned facilities totalling 7,500 m2, with the facilities being located in Moschato near the main produce market.
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In order to achieve its goal of becoming the main supplier for one in two pharmacies in Attica Prefecture, LionPharma continually invests in modern technology and its human resources in particular. It seeks innovation and uses state-of-theart technologies while maintaining the lead over competition. In addition to modern drug storage facilities, it utilizes a fully automated order preparation and execution system by the well-known KNAPP company, for managing fast moving item codes, and a new section based on the ROWA autonomous robotics unit, which allows optimal management of slow moving item codes. The entire handling system, from the receipt of items to the delivery at pharmacies, is monitored electronically using RF scanners, a process that, in addition to fully recording all events, minimizes errors to almost 1%. With a modern, privately-owned fleet of vehicles, LionPharma rapidly serves to more than 1000 pharmacies in Attica and in the
›››››› wider region of Southern Greece. At the same time, the company’s workforce is an important factor in its successful course; the company’s priority is the continuous education and training of its staff, currently numbering more than 80 people, aiming primarily at the excellent and safe handling of drugs and ultimately the provision of high-quality services to the Greek pharmacist. As a constantly evolving firm, LionPharma takes initiatives, studies ways and proposes solutions that help not only to overcome the crisis experienced by the Greek pharmacy, but also to increase its profitability. Moving in this direction, it distributes and promotes the private labelled products of BioPharm, a Lelos Group company, under the brand name Stirixis, which includes personal care and orthopedic care products that are available exclusively at pharmacies. LionPharma is certified as per ISO 9001:2015, while at the same time holds certification by Greece’s National Drug Organization (EOF) for its operation under the European Guidelines on Good Distribution Practice (GDP) of pharmaceutical products. The firm adheres to rigorous quality control procedures, such as GPS tracking of truck
destinations, real-time monitoring of temperature and humidity levels in all warehouses, refrigerators and cool storage rooms. It also uses restricted access systems to its premises prohibiting the access of unauthorized personnel. In recent years, the company has been systematically moving towards finding solutions that are in line with new eco-standards. Typical examples are the installation of a system for automatic collection, disposal and compaction of
cartons and the exclusive use of LED lighting, where necessary, as well as the modernization of its fleet with natural gas vehicles, thus significantly reducing its energy footprint. LionPharma, dynamically growing against the crisis, managed for yet another year to be one of the most profitable Greek companies, remaining firm on its strategic commitment to consistently and accurately serve the Greek pharmacy.
LionPharma SA 2016 Profit Before Taxes 1,283,135.33 €
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2018
UNI-PHARMA KLEON TSETIS PHARMACEUTICAL LABORATORIES SA 55 years of value creation in the pharmaceutical industry: A story worth telling
Pharmaceutical Products Industrial Turnover 2017 56,390,000.00 €
EBITDA 2017 7,190,000.00 €
Contact details 14th km National Road, 145 64 Κifissia, Attica, Greece Τel: +30 210 8072512 Fax: +30 210 8078907 Website: http://www.uni-pharma.gr
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The Tsetis Group of Pharmaceutical Companies (OFET), comprises two complimentary, dynamic companies, UNI-PHARMA S.A. and INTERMED S.A. that share parallel objectives, yet with a different focus. Kleon Tsetis, a pharmacist with a vision to strengthen the position of Greek companies in the pharmaceutical industry, established Uni-Pharma in 1967 with the mission of improving the Quality of Life of our fellow men by facilitating Access to Treatment with Innovative, High-Quality and costefficient Pharmaceutical Products. Since its establishment, UNI-PHARMA has been researching, developing, manufacturing and marketing pharmaceuticals of the highest quality, covering all major therapeutic categories, with innovation highlights such as APOTEL® and SALOSPIR®, as well as technological challenges such as T4®. The vision of Uni-Pharma is to be among the leaders of the constantly changing pharmaceutical landscape, by offering high quality products to patients worldwide. Since its foundation, Uni-Pharma has grown from a small privately-held company into a large and dynamic organization, which currently holds the leading position in unit sales among Greek-owned companies in the domestic market. In order to sustain this growth, Uni-Pharma actively explores partnering potential with commercial partners and Academic Institutions alike, on a global scale, while tirelessly investing in technology and manufacturing excellence. Through undaunted efforts, UNI-PHARMA’s reach today extends to five continents and 53 countries, leveraging on growth opportunities around the globe. UNI-PHARMA exports high-technology products under its own brands, creating value and contributing to the great national effort of re-shaping the character of Greece’s economy. In the field of research, it has expanded far beyond the realm of pharmaceutical technology
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where it already holds more than 30 patents, entering organic synthesis and drug discovery through collaborative translational research. Most prominent token of UNI-PHARMA’s commitment in multi-dimensional business development and source of competitive advantage is its new, state-of-the-art industrial plant in Attica, which is the largest investment materialized in the Greek pharmaceutical field over the last 2 years. The new facilities are a model for safety, efficiency and automation. Bioclimatic design, allows a significant reduction of the site’s energy consumption footprint coupled with other best practices in the sustainability field, while being in full harmony with the surrounding environment, whereas fully automated and digitized production and control systems maximize effort and output. Excellence, Awards and Recognitions Throughout the years, Uni-Pharma has received Excellence Awards by numerous Institutions both nationally and internationally, either for its products or innovative business practices and procedures. Indicatively the following can be mentioned: EFQM Recognized for Excellence - 5 stars (Global Award Simulation Process). Having successfully applied the EFQM MODEL OF BUSINESS EXCELLENCE for more than ten years, and having developed a Continuous Improvement Process which has led to uninterrupted accreditations and distinctions in the field of Business Excellence, in 2017 UNI-PHARMA finally proceeded to the highest EFQM – “RECOGNIZED FOR EXCELLENCE” after a successful GLOBAL EXCELLENCE AWARD SIMULATION procedure. Investors in People International - this Certification proves that the company’s management considers its people companions in the corporate development processes, focuses on their continuous training, empowerment and ensuring a healthy, safe
›››››› and creative future for them and their families. Diamonds of the Greek Economy - in the category of ‘The most Admired enterprises’ for three consecutive years in 2015, 2016 and 2017, by the Active Business Publishing institution. Excellence and Competition Award - in the field of Health-Medicine and Beauty, as part of the Salus Index Award Scheme 2016. Professional Solutions in Healthcare Award - after a successful nomination for a Laureate Diploma by the organizers of the most prestigious networking event for the global Pharmaceutical Industry, CPhI. This distinction highlights the undaunted efforts of the historical Greek Pharmaceutical Industry, for externalization and uninterrupted growth on a global scale. ECOPOLIS Award 2017 - for the new production plant, which is a standard of bioclimatic application, geared to the full exploitation of the climatic conditions for its operation while reducing every energyintensive process, in full harmony with the natural environment. The jury of “DOMÉS” International Review of architecture awarded Uni-pharma with the Distinction of Best Project of the years 2011-2015 for its new manufacturing facilities in Kifissia, Athens.
UNI-PHARMA KLEON TSETIS PHARMACEUTICAL LABORATORIES SA 2016 2017 Change (%) Turnover 54,430,000.00 € 56,390,000.00 € 3.6 EBITDA 6,480,000.00 € 7,190,000.00 € 11.0 Total Assets 139,450,000.00 € 161,200,000.00 € 15.6 Total Equity 58,480,000.00 € 58,480,000.00 € 0.0
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Η ΕΦΗΜΕΡΙΔΑ ΠΟΥ ΣΕ ΤΑΞΙΔΕΥΕΙ
ΟΚΤΩΒΡΙΟΣ
Λιλή Π εργαν τά,
πρόε σύμβουδρος και δι ευθύ λος τη ς Pow νουσα er Hea lth
Η επιχ ειρημα τίας πο το «φα υ έφερε ρμακε ίο τη στη γε ς φύσης» ιτονιά σας
Έρευνα
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της Hell as
List.
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OF THE GREEK ECONOMY 2018
DISTINGUISHED COMPANIES
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2018
DISTINGUISHED COMPANIES
TUBES Industrial
HALCOR
A leading global producer of innovative and value added copper solutions
Contact details info@halcor.com website: www.halcor.com
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Halcor is the copper tubes division of ElvalHalcor S.A., a leading copper industry that specializes in the production, processing and marketing of copper and copper alloys products with dynamic commercial presence in the European and global markets. For more than 80 years, Halcor has been offering innovative and added-value solutions that meet contemporary client demands in fields, such as plumbing, HVAC&R, renewable energy, architecture, engineering and industrial production. Halcor and the copper subsidiaries Fitco S.A. , Sofia Med S.A. and HC Isitma consist the copper segment of ElvalHalcor S.A. and are based in Greece, Bulgaria and Turkey while they operate a total of five production plants in Greece, Bulgaria and Turkey. Halcor and the copper subsidiaries develop and distribute a wide range of products, including copper, brass and copper alloy rolled
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and extruded products with Halcor being the sole producer of copper tubes in Greece. High quality in production is achieved through strict controls applied throughout the production process. With a consistent quality focus, the company implements an ISO 9001:2008 Certified Quality Management System and leverages high technologies and expert staff. As a result of its strategic investments in research and development, Halcor is recognized as one of the leading copper producers globally, setting new standards in copper processing. Halcor maintains a consistent focus on quality and environmental protection and a strong commitment to the principles of sustainable development. All production facilities leverage advanced technologies to bring in the market innovative products that are energy efficient and environmentally friendly.
TALOS® MED: medical gas networks TALOS® ECUTHERM SOLAR: (factory-insulated) solar installations TALOS® ACR INNER GROOVED: heat-exchangers TALOS® Geotherm: Geothermal heating and cooling TALOS® Linesets: Air conditioning and heat pump systems. ● Copper and titan zinc gutters ● Brass bars rods, tubes, sections, flats and wires for applications in architecture, interior design, contemporary art, furniture, lighting, pumps, gutters, heat-exchangers, plumbing, automotive, music instruments, etc. ● Copper sheets and strips for architecture applications, such as domes, roof covers, exterior surfaces, gutters. ● Copper and brass sheets and strips for
the construction of electrical and electronic equipment, springs, parts and components for the automotive industry, boilers, solar energy collectors and panels, heatexchangers, electricity converters, connectors, refrigerators, pre-rolled high- frequency cables, ammunitions, wrapping for fireresistant cables, electrical cable wrapping. These products are suitable for marine applications, for the defence, petro-chemical, electrical, nuclear and medical industries, as well as for machining and special tools, cooking utensils, art and decoration. ● UR30 copper alloy wire and net for cage farming aquaculture. ● Copper alloys for the production of beakers, discs and coins. ● Copper bars, rods and strips for architecture applications, electrical and mechanical equipment, decoration.
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Halcor – product range Halcor offers a wide range of energy efficient and environmentally friendly products. ● Copper Tubes TALOS®: Water supply, heating, natural gas, fire extinguising networks TALOS® Coated Copper: Water supply, heating and cooling TALOS® ECUTHERM™: Water supply, heating networks, air- conditioning and refrigeration, solar systems and industrial networks CUSMART®: (flexible copper tubes) for water supply, heating, floor (under-floor) heating & cooling TALOS® ACR: HVAC&R and solar applications TALOS® GAS: (Coated) natural gas networks
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
ALUMINIUM & COPPER Industrial
ELVALHALCOR
Aluminium and copper processing experts
Contact details e-mail:info@elvalhalcor .com website: www.elvalhalcor.com
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ElvalHalcor is a leading global industrial producer of aluminium and copper. The Company was formed in December 2017 via the merger of Elval, a leading European aluminum rolling company, and Halcor, the largest copper tubes producer in Europe. It is listed on the Athens Stock Exchange. As a combined entity, ElvalHalcor capitalises on natural synergies in innovation and technology, research and development (R&D), procurement, marketing, infrastructure and environment to produce value-added, high-quality solutions for its customers around the world. ElvalHalcor’s success is derived from its commercial export orientation, customer-focused philosophy and innovation which comes through continuous investment in R&D. The Company has over 80 years of experience, a strong production base across 12 industrial units, a market presence in over 100 countries, and highly experienced and specialised personnel. ElvalHalcor is active in many dynamic, growing markets, including:
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● Automotive and shipbuilding ● Packaging ● Energy and power networks ● Renewable energy ● Industrial applications ● Heating, ventilation and air
conditioning (HVAC)
● Building and construction
ElvalHalcor is an important player in the non-ferrous metals industry. It successfully navigates the challenges of an evolving business environment whilst providing value to stakeholders through sustainable growth and development. For more information, please visit: http://www.elvalhalcor.com Aluminium segment With state-of-the-art production facilities in Greece and a dynamic commercial presence across all key geographies, the aluminium segment is well positioned in the global aluminium industry. The aluminium segment comprises, the aluminium division, under the Elval brand name, and aluminium processing subsidiaries Symetal, Elval
›››››› Colour, Vepal, Anoxal and Viomal. We offer a wide variety of aluminium products and solutions, including coils, strips, sheets and foil for various applications and architectural and industrial aluminium profiles. Elval - aluminium rolling division “Strong track record of providing rolling expertise to a global customer base” Through continuous investment in R&D and an established global commercial network, Elval offers reliable, innovative and competitive solutions that meet the most demanding requirements of global customers. Elval processes, manufactures and markets flat rolled aluminium products and solutions for diverse and demanding applications. Elval serves various industries including: ● Transport (sea, road and rail) ● Packaging ● Building and construction ● Energy ● Cookware
● HVAC (heating, ventilation and air-
conditioning) Elval’s aluminium rolling production unit is certified as per ISO 9001:2015, ISO 14001:2004, OHSAS 18001 and IATF 16949. For more information, please visit: http://www.elval.com Copper segment ElvalHalcor provides its global customers with versatile and dynamic copper solutions through its copper tubes division, under the brand name Halcor, and its copper processing subsidiaries, Fitco S.A. (Greece) and Sofia Med S.A. (Bulgaria). ElvalHalcor provides quality copper, copper alloy and brass products ranging from copper tubes for water and heating networks, air-conditioning, refrigeration, renewable energy and industrial applications, to copper sheets and strips for architectural and industrial applications. The copper segment operates efficient manufacturing facilities in
both Greece and Bulgaria, allowing its companies to cater to the specific needs of their customers. Halcor - copper tubes division Halcor is a leader in the European copper tubes market. The Company is the sole copper tubes producer in Greece and has a dynamic commercial presence across European and global markets. Halcor’s products are available in more than 58 countries around the world. Halcor offers innovative and high value-added solutions to meet wide-ranging customer demands in areas such as plumbing, heating, HVAC&R, renewable energy and industrial production. The Company has two technologically advanced production plants in Oinofyta, Greece, characterised by their ability to deliver tailor-made product solutions. Halcor’s copper tubes production unit is certified as per ISO 9001:2008, ISO 14001:2004, ISO 18001:2007, OHSAS 18001 and ISO 5000:2011. For more information, please visit: http://www.halcor.com.
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
STEEL Industrial
SIDENOR, STOMANA INDUSTRY AND THEIR SUBSIDIARIES
The leading producer of steel products in South East Europe
Contact details e-mail: info@sidenor.vionet.gr website: www.sidenor.gr
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With more than 55 years of steel industry expertise, Sidenor, Stomana Industry and their subsidiaries are reliable partners offering high quality and innovative solutions to their world-class customers. Sidenor Group is a leading producer of steel products in South East Europe. Its extensive product portfolio, which includes long and flat steel products, and downstream products, is manufactured across nine facilities in Greece, Bulgaria, Romania, FYROM and Australia. Project locations span Germany, Romania, Balkans, Algeria and Israel. Sidenor Group is truly a global supplier. Product portfolio Sidenor Group provides a full range of solutions in the steel sector, to cater to the complex needs of its clients worldwide. The key features of the products of Sidenor Group are: ● outstanding quality ● strict adherence to applicable standards and regulations, and ● innovative characteristics, which provide customers and end consumers with added value. The products of Sidenor Group are mainly used in major technical – construction works, in various industrial applications, in shipbuilding, in the automotive industry, in the energy production sector, etc. The product family is structured as follows: SD integrated reinforcing system: The SD integrated concrete reinforcing system represents the approach of Sidenor Steel Industry when addressing significant demand for high ductility steel provided for increased construction quality. The system consists of SD concrete reinforcing steel, SD stirrup reinforcing mesh, Sidefit special mesh, SD wire mesh, Sidefor and Sidefor Plus prefabricated stirrup cages, Inomix steel fibres and lattice girders. Wire rod: Wire rod of S.A.E 1006, 1008, 1010 grades, RSt37-2 electrode quality, in cross sections from Ø5.5 to Ø16.0, which is suitable for a wide range of size reduction
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applications and meets all low-carbon wire production needs. SBQ-Special steels: Hot-rolled round bars (diameter: 30-120mm) and peeled turned and polished round bars (diameter: 32115mm) used in the automotive industry and in various industrial applications. Steel plates: Manufactured in accordance with the EN and ASTM European and American standards and also more specific certifications for shipbuilding, boilers, etc. Plates are intended for general construction purposes, shipbuilding, manufacturing of tanks, pressurised boilers, bridges, coach works, pipes, agricultural machinery, machinery components etc. Merchant bars: Sidenor produces a wide range of merchant bars covering the various needs of its customers. Its portfolio of merchant bars consists of hot-rolled square bars, hot-rolled flat bars of rectangular cross-section, hot-rolled round bars of circular cross-section, hotrolled equal angle bars with round edges, I-section beams (IPE), and UPN channels. Steel balls for grinding: Steel balls for grinding are produced in various diameters ranging from 60mm to 100mm. They are used for grinding in ore grinding mills in metal mining. To optimise its function for a specific metal, different hardness levels of the product can be used. THN Mining profiles: THN mining profiles have been developed for use in the production of steel arches for public works and underground mines, as well as formworks for tunnels. The use of THN profiles in tunnel and roadway support provides higher resistance and a yielding support. Boron flats: Boron steel flats are utilised where high strength, impact resistance, good bendability and weldability are required. Hot-rolled boron flats are used in the fork-lift industry in the production of lifting forks. Welding products: Erlikon produces a complete range of welding electrodes
›››››› and wires. Its steel products cover a wide range of welding, hardfacing and cutting applications. The quality offered meets the strict requirements of the construction and shipbuilding sectors, raw materials and power industries, as well as the chemical and food industries. Various types of electrodes and welding wires are made available for non-alloyed and low-alloyed steels, fine-grained structural steels, hardfacing, heat-resistant steels, stainless and heat-resisting steels and also for cast iron and aluminium. Wire products: Wire products are manufactured by the subsidiary Erlikon Wire Processing S.A. (Erlikon) and used in a variety of applications. The wire products produced by Erlikon are divided into the following categories: - Black soft and hard wires - Common soft galvanised wires, semihard and heavily-galvanised wire under the trade names Syrgal, Syrgal Hard and Extragal, respectively - Welded galvanised mesh in rolls and sheets under the trade names Perinet and Overnet, respectively - Steel fibres for concrete reinforcement under the trade name Inomix (part of the
SD Integrated Reinforcement System) - Double-twist hexagonal mesh (serasanetti) in rolls and gabions In order to achieve the optimum balance between operational and commercial flexibility, and production effectiveness, Sidenor Group has adopted an operational structure focused on the following three areas: ● Mini-mills; ● Downstream operations for steel product processing; ● Sales and distribution.
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
CABLES Industrial
CABLEL HELLENIC CABLES
A leading European producer of reliable and competitive cable solutions
Contact details e-mail:info@cablel.vionet .gr website: www.cablel.com
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The Cablel Hellenic Cables represents the cable production and marketing segment of Cenergy Holdings, a Viohalco company and is one of the largest cable producers in Europe. The Company started its activities in 1950 as a Viohalco plant and in 1973 it was incorporated as an independent subsidiary under the name Hellenic Cables, expanding its production and trade operations. Today, the Cablel Hellenic Cables consists of Hellenic Cables S.A. which operates three plants in Viotia, Greece that produce cables, enamelled wires, plastic and elastomer compounds; the Fulgor S.A. plant in Corinth, Greece, which manufactures power cables, submarine cables and copper wires and Lesco Ltd, a wooden reels and pallets plant in Blagoevgrad, Bulgaria. With a strong export orientation and focus on development of value added products, such as high and extra-high voltage land and submarine cables, the Company makes significant investments towards enriching its product portfolio and enhancing its sustainability profile. In 2012, the Company completed a EUR over 65 million investment plan for the manufacture of high-voltage and extra high-voltage submarine cables in Fulgor’s plant. The Company's wide product range, which is sold internationally under the Cablel® trademark, extends to submarine cables up to 400kV, PVC, EPR and XLPE insulated power cables (rated up to 500kV), marine and low smoke halogen free cables, fire resistant cables, telecommunication, signal and data cables with copper conductors or optical fibres, as well as fire retardant halogen free plastic and elastomer compounds and enamelled wires. Wires and cables are supplied to a variety of international standards, such as VDE, CEI, NF, SEN, BS, UL, NEMA, JIS, ASTM, DIN and ELOT. Many of the Company’s products are certified by ELOT, BASEC, VDE, IMQ, NF-USE, NETWORK RAIL, KEMA, DNV and UL. Cablel Hellenic Cables business activities are based on the implementation of certified management systems ensuring a responsible and continuous development. Environmental responsibility and occupational health and safety are the most important pillars towards sustainable development. Technical know-how is combined with continued investment in state-of-the-art machinery to ensure levels of efficiency and quality which meet the strictest standards. Commitment to quality and sustainable development has been a key factor in enabling Cablel Hellenic Cables to establish a
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strong market position internationally. The Company’s highly experienced technical and managerial staff have a strong commitment to technological excellence and outstanding quality, which ensures that users of Cablel® products have made a reliable choice. The Cablel Hellenic Cables aims to constantly improve its offering and respond swiftly to changes in customer needs around the world with reliable, safe products, based on environmentally-friendly technologies. At the same time, the Company places strong emphasis on the development of its people and the creation of value for its shareholders, partners and the communities in which it operates. Looking ahead, the Company plans additional investments in technology and innovative cable solutions as a way of contributing to the creation of a sustainable future for its stakeholders. Cablel Hellenic Cables product range ●P ower cables (land and submarine) ● I ndoor installation cables ●C ontrol cables ● I ndustrial and outdoor installation cables ●F ire retardant, fire resistant, halogen-free cables ●C opper conductors for grounding applications and overhead Cu, Al and ACSR conductors ●S hip and marine installations fire resistant cables ●C opper and aluminium rods Telecommunications and data transmission cables ●G auging and control cables ●C opper conductor cables: Conventional telephone cables - Telephone exchange cables - Data transmission cables – High frequency telephone cables ●O ptic fibre cables (single-mode &multimode): Underground dielectric cables, in tubes - Underground dielectric cables, directly buried (steel reinforcement) Underground dielectric cables, featuring rodent protection - Indoor installation LSZH cables (central tube or tight buffered) ●A erial installation cables (“8”-sized or ADSS) ●S ignalling and railway signalling cables Submarine cables ●M edium voltage, high and extra high voltage cables ●C omposite medium voltage, high and extra high voltage cables with integrated optic fibre cables ●O ptic fibre cables
›››››› ●U mbilical cables ●S ubsea flexible pipes
●T elecommunications and data
Plastic and elastomer compounds
transmission networks ●R enewable energy sources ● I sland - continental system interconnections ●O ffshore wind park interconnections
Enamelled wires ●W inding wires for electric motors and transformers ●C opper wires for grounding earthing and canmaking
●T ransformers ●M otors – generators ●S mall motors ●R elays – coils ●S elf-supporting windings-avoids
●P VC-based plastics ●P olyolefin-based plastics ●E lastomers
Applications: Cables are used in: ●B uildings ●O utdoor installations and industrial applications ●T ransmission and distribution networks ● I nstallations with special requirements ●S hips and marine applications
Enamelled wires are used in:
varnish impregnations
Compounds are used in:
●C able industry ●P roduction of soft water pipes ●P roduction of flexible spiral pipes ●P roduction of hard flexible pipes for
electrical applications
●R ubber and plastic soles ●F lexible elastic and plastic profiles
Turnkey solutions Cablel Hellenic Cables has the necessary know-how to develop and offer turnkey solutions that meet specific demands of its customers. The Company provides: ●D esign and manufacture of products according to customer requirements and project specifications ●P rovision of special equipment needed for cable connections and termination of cable ends ●T ransportation and installation of cables at the project site ●C ivil works required for installation and protection of cables ●T esting, initial operation and delivery of the system to the customer (commissioning) ●F ull project management ●C ustomer staff training in system operation and maintenance ●P rovision of maintenance / support to the customer
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
COPPER Industrial
FITCO S.A.
A leading Greek copper alloy producer with significant international presence
Fitco is a subsidiary of the copper processing and marketing segment of Viohalco and a leader in the Greek copper alloy market. With experience spanning more than thirty-five years, the Company invests in research and innovative technologies, aiming to stay ahead of the competition in terms of productivity, product innovation and quality. Fitco employs a certified Quality Management System in accordance with ISO 9001:2008 and its products conform to the main European and US quality standards (EN, DIN, BS, NF and ASTM). Committed to sustainable development and environmental protection, Fitco employs certified systems in accordance with the Environmental Management System (ISO 14001:2004) and the Occupational Health and Safety Management System (OHSAS 18001:2007). Fitco has significant international presence, exporting approximately 86% of its production, and provides exceptional support for its products, which are distributed to more than thirty countries worldwide. The Company focuses on responding reliably and rapidly to changes in demand with the aim of achieving total customer satisfaction. Fitco product range ● Solid and hollow brass bars (round, squared or hexagonal)
Contact details e-mail: edamiani@fitco.vionet.gr website: www.fitco.gr
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● Brass sections
● Brass tubes
● Brass Flats
● Copper
● Brass wire
alloy wire and net for fish farm cages
DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
PHARMACEUTICALS Industrial
Boehringer Ingelheim Hellas S.A.
Innovation in medicines & leadership in exports
Dimitrios Anagnostakis, President & CEO
Contact details Headquarters: 2 Ellinikou St., 167 77 Elliniko, Attica, Greece Tel.: +30 210 8906.300 Fax: +30 210 8983.207 Production facility: 5th Km Paiania-Markopoulo Highway, 194 00 Koropi, Attica, Greece Tel.: +30 210 6623.901 Fax: +30 210 6623.905 Website: www.boehringer-ingelheim.com E-mail: info.gr@boehringer-ingelheim.com
Pharmaceutical Boehringer Ingelheim was established in 1885 and is now among the world’s top 20 pharmaceutical companies. The company has recently been named one of the top 100 innovative companies of all industrial sectors. Meanwhile the company is launching a new R&D strategy pledging to invest a total amount of 11, 5 billion euro over the next years. In Greece, the firm was founded in 1966 and is considered to be a market leader among the country’s top 10 pharmaceutical companies, while it has awarded several times both in Greece and abroad for its successful launches of innovative products including respiratory, cardiovascular, pain management, and recently Diabetes and oncology. Boehringer Ingelheim Ellas is also considered to be an innovation leader as it participates actively in the parent company’s international clinical research program. Among various award,s Boehringer Ingelheim Ellas received the Prix Galien award 2017, for its innovation in the field of rare diseases. Boehringer Ingelheim Hellas SA is the only subsidiary of a multinational company in Greece that has been posting growing sales in recent years, amidst adverse conditions in the domestic market, helped primarily by its strong exports. Notably, the firm posted a high level of 2017 sales, mainly as a result of high exports which reached 147,3 mio Euro, showing a notable 29,12% increase versus 2016) The company owns its production facility in Koropi, Attica, established in 1975 setting new standards in the country’s industrial sector. Today, it is the only multinational pharmaceutical company that maintains its industrial production facility in Greece, supplying not only the Greek market but also the markets of more than 68 countries. Its export activity is of particular importance not only to the firm itself, but also to the country’s economy, as it accounts for about 1% of total Greek exports, establishing Boehringer Ingelheim Ellas as a production & exports leader. Its parent company recently entrusted Boehringer Ingelheim Ellas with the production of innovative antidiabetic drugs at the Greek plant, aimed at covering a large part of its international production, which is a ‘first’ in the company’s history. Such actions and investments in production and export activity by Boehringer Ingelheim Ellas – with exports being its strong asset, stand proof of the confidence shown by the German multinational and its intention not only to upgrade its Greek subsidiary, but also to support and boost Greek exports. Boehringer Ingelheim Ellas’ initiatives for Greece’s economy are summarized in the triptych: “We Invest, We Grow, We Support.” Boehringer Ingelheim has invested in Greece within the years of crisis almost 100 mio Euros, proving its sustainability profile. Last but not least, the firm’s human resources, more than 450 people, comprise leading scientists and sector professionals with the required skills, education and experience to implement its objectives and promote its vision, “Value through Innovation”. I 331 I
DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Telecommunications Commercial
WIND HELLAS
Development of new generation networks
WIND Hellas is one of the largest telecommunications companies in Greece. Since its establishment 24 years ago, WIND has been consistently investing in technology to provide integrated Mobile, Fixed & Internet solutions to its Customers. Believing in the power of a modern world where everything is interconnected and everything is possible if you are connected, WIND has invested almost €3.0 billion to build communication networks, thus implementing one of the largest private investment projects in
Contact details 66 Kifisias Ave., 15125 Marousi, Athens, Greece Tel.: +30 210 6158000 Fax: +30 210 2119993908 Website: www.wind.gr www.facebook.com/windhellas http://twitter.com/windhellas
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Greece. Particularly, from 2010 to 2016, WIND spent more than €650 million for the development of new generation networks, and in 2017 plans to invest an additional €100 million, as part of a 5-year investment plan that will focus on ultrahigh speed networks, both in mobile (4G, 4G+), and fixed (VDSL, FTTx), and will be valued at €500 million. Meanwhile, this year, WIND is entering the television industry, with a new multi-screen video service. By 2020, WIND will become a major player in the
›››››› Greek market in providing convergence solutions to its customers: mobile, fixed, Internet and TV Content. Top customer experience Driven by its commitment to offer its Customers an excellent communication and service experience, WIND is constantly evolving. Customer experience is a strategic priority at all levels and in each activity at all contact points. The new retail flagship stores, the Call Center, the broader business partnerships and the online platforms are playing a key role in improving customer experience at a 360 level. Giving back to the community WIND offers communication equally to all citizens of Greece, regardless of commercial, geographical or other boundaries, through products and services that offer the greatest possible value for money to its Customers. Meanwhile, the company stands out for its social contribution, through the implementation of its “In Action” Corporate Responsibility Strategy, with numerous activities focused on the Market, the Environment, our Society and our People.
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Athens Eye Hospital
A leader in its sector
Medical Services Commercial
Panagiotis Zafeirakis, M.D., CEO
Contact details 45, Vouliagmenis Avenue, 166 75, Glyfada, (Panagitsa Area, near Glyfada’s Police Station) Τel.: +30 210 9697000/964 7790 Fax: +30 210 969 7001 Email: info@athenseyehospital.gr Website: http://www.athenseyehospital.gr
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The Athens Eye Hospital is an internationally acclaimed Hospital and a place where serious and complex ophthalmological problems can be treated. Specialist ophthalmologists, in collaboration with a team of opticians, optometrists and nurses specializing in ophthalmology cases, work together to secure the divine gift of sight. Athens Eye Hospital offers a wide range of diagnostic, therapeutic and research services. Its modern infrastructure, high functionality and aesthetic facilities spans five floors and has a car park with 100 parking spaces. The unique facilities with 7 operating theaters, 30 medical wards, IFA information systems, digital departmental interface and the maintenance of digital medical patient files, well-equipped departments with cutting-edge technology as well as its specialized scientific and nursing personnel are always ready to offer excellent medical care and ensure ideal conditions for the care and hospitalization of patients. The Athens Eye Hospital is an international leader in the treatment of intraocular tumours and the treatment of various retinal disorders, such as macular degeneration and diabetic retinopathy. It comprises of departments that specialize in these disorders and presents international clinical and research works. The Athens Eye Hospital specializes in the treatment of paediatric conditions, such as congenital cataract, strabismus and paediatric glaucoma. The Refractive Surgery department, which treats myopia, hyperopia & astigmatism, is equipped with state-of-theart technology for the treatment of the most common refractive disorders as well as certain forms of presbyopia. The Athens Eye Hospital operates a special department for the treatment of keratoconus, a condition that affects a significant number of individuals in the reproductive phase of their lives. We have the leading Femtosecond La-
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ser System, which is a revolution in the field of cataract surgery, corneal transplants as well as other conditions of the ocular surface. In 2016 Athens Eye Hospital was certified by Temos “Quality in International Eye Care”. This has been a great honor for us as we are the first and only eye hospital in the world that has been accreted with this prestigious award from an international institution that scrutinizes all medical hospital with specific protocols in the realms of centres of excellence. With this prestigious award we are able to attract a worldwide patient base as we are now internationally known certified as a centre of excellence. Through our state of the art Molecular Biology Laboratory we have the ambition to be the pioneers of the revolution towards the gene therapy of retinal disorders. We have developed in our unique Adaptive Optics Laboratory the know-how and the technological infrastructure for the development of customized intraocular lenses that will be capable of correcting any optical aberration should this be clinically indicated. We have for the first time attempted successful trials of aberration correction in keratoconic
›››››› eyes using a purpose-built adaptive optics simulator. Moreover, the mathematical framework both for the design of customized (wavefront-guided) intraocular lenses and for the verification of their effectiveness has been developed. Finally, given that we all believe that the dissemination and propagation of
knowledge should be complete and unrestricted; the Athens Eye Hospital has invested in the education of ophthalmologists by installing the unique VRmagic simulator system, aspiring in that way to become the educational reference centre, not only in Greece, but also in the neighboring Balkan countries and the Middle East.
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
SANI RESORT
A special place of discrete luxury
Sani Resort is a family-owned privately developed ecological reserve offering the services of a world class resort while at the same time maintaining a human scale as well as protecting its surrounding environment of unique beauty. In its 1000 acres of natural beauty, there are five internationally awarded five-star hotels, each with its own distinctive character and prestigious accolades for all areas of operations, offering a wide range of leisure facilities and accommodation. ●5
5* Hotels (Open: April – October) Beach ●S ani Club ●P orto Sani ●S ani Asterias ●S ani Dunes ●A 1000-acre private estate ●E cological Reserve – Pine Forests & a Bird Sanctuary ●7 km of white sandy beaches ●P rivate yacht marina with shopping piazza ●D ine Around: 22 restaurants ●1 7 bars and cafes ●S ani Sports Centre – Watersports – Diving Centre ●4 luxurious Spas ●O pen-air Garden Theatre featuring Broadway-style shows ●C reche, Children’s and Teen’s Clubs ●S ani Festival ●S ani Gourmet ●S ani VIP Services organizing tailor-made events ●M eetings and Special Event facilities ●S ani
Andreas Andreadis
Contact details Kassandra, 630 77 Chalkidiki, Greece Tel: +30 23740 99400 Fax:+30 23740 99508 E-mail: info@saniresort.gr Website: www.sani-resort.com
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Commercial
LG Electronics
Offering advanced products and solutions
LG Electronics’ Business Solutions division is next to professionals offering technologically advanced products, solutions and both pre- and after-sales services. It has dedicated staff and a nationwide partner network, while LG Business Solutions Academy, operating since 2009, offers integrated training programs. LG’s long term partnerships with a wide variety of businesses throughout Greece confirm the superiority of its professional solutions, which consist of: LG Digital Signage Solutions & Commercial TVs LG Pro:Centric Hotel TVs & Infotainement solutions VRF Cooling and Heating Systems LG Multi V & LG Τherma V Heat pumps certified by Eurovent LG Hydrokit units for hot water supply LG indoor and outdoor LED lighting solutions Indicatively, some of our collaborations include Athens International Airport El. Venizelos, hotels such as Wyndham, Domes Noruz, Hilton, as well as hotel chains of Grecotel Group and H Hotels, Ikos resorts, restaurant chains such as Goody’s, Everest, Grigoris, fashion stores like Folli Follie and TV channels such as ANT1, Star Channel etc, in which LG air conditioning, ventilation and hot water production systems, as well as hotel infotainement and digital signage solutions have been installed. Our cooperation with hotel groups is of particular importance for us, as we are very proud that through these collaborations we are also contributing to the development of the Greek tourism industry.
At LG Electronics Hellas’ exclusive B2B site http://www.lg.com/gr/business as well as at the new ‘LG C–Display Customer’ application, available in Google App Store, you can find detailed information about the integrated solutions and services offered by the company to businesses. Follow us on the LG Business Solutions LinkedIn profile to learn our news.
Contact details 1 Ethnarhou Makariou str., Delta Paleo Faliro, 17501, Paleo Faliro, Greece Tel.: +30 210 4800564 Website: www.lg.com/gr/business
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Hotels Commercial
MITSIS HOTELS
HOSPITALITY LEGEND
As Greece’s largest privately-owned hotel chain, MITSIS HOTELS has been pioneering for over 40 years now, making its own mark on Greece’s tourist industry, driven by a customer-centered philosophy and the promise of an unparalleled holiday experience. With 17 hotels in its portfolio righteously representing its motto “Unique Destination”, MITSIS HOTELS invites you to live the Greek dream in some of the most beautiful destinations of the country, under the sunlight of the Greek islands or amid the history and culture of mythical cities - in Athens, Crete, Kamena Vourla, Kos and Rhodes. Every handpicked location lends its unique landscapes to the hotels, whilst each of the hotels, situated
Contact details 12 Filotheis St., 11147 Galatsi, Athens – Greece Tel.: +30 210 2134644, +30 210 2917027 Fax: +30 210 2917672 Email: info@mitsishotels.com Website: https://www.mitsishotels.com
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perfectly in its natural surroundings, boasts its own character, couleur locale and architectural style. The group is offering added value and excellent service at every one of its hotels, throughout its rich hospitality blend premium, luxury, city & resort, boutique & all-inclusive hotels. Lavish facilities, recreational venues, delicious food, well-equipped meeting rooms and relaxing beauty & wellness services - all is in place to provide anything you might think of, whether you are travelling on leisure, business or enjoying your honeymoon. Additionally, the Group’s staff is committed to offering guests Mitsis’ celebrated service and an unforgettable stay.
›››››› MITSIS HOTELS has been awarded several prizes by local and international tour operators and travel organizations in recognition of the high quality of the services provided, its contribution to upgrading local tourism and its respect for the environment. The chain MITSIS HOTELS S.A. was
founded by Kostas Mitsis in 1976 and represents the most important of a series of activities of the Mitsis Group of Enterprises. The foundations for the creation of the Group were laid on the 5th of September 1954, when the first textile industry was created, signaling the beginning of a long successful
career, which evolved at a fast pace: textile industry, wine production, constructions and mass media. In 1976, the first hotel unit operated on Kos island, leading to the creation of a large Hotel Group featuring 17 hotels & resorts in Greece’s most beautiful destinations.
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Conference CenTRE Commercial
THE ATHENS MEGARON The Megaron Athens International Conference Centre (MAICC)
Contact details Vass. Sophias & Kokkali, Athens 115 21 Tel.: +30 210 7282000 Fax: +30 210 7290174 Website: http://www.maicc.gr
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The MEGARON ATHENS INTERNATIONAL CONFERENCE CENTRE (MAICC) is acknowledged as one of the finest and most technologically advanced conference venues in Europe. An integral part of the Athens Concert Hall Organisation, the International Conference Centre offers a striking environment, public areas flooded with light, exceptional aesthetics, cuttingedge technology and unrivalled client service. MAICC was conceived and built with great respect for the environment, incorporating green urban planning. For whilst the original building faces straight onto one of Athen’s major avenues, the International Conference Centre has been incorporated into the park right next to it with such skill that it in no way infringes on it. Most unusually for a city centre building, it is surrounded by 6 acres of landscaped, fragrant gardens. Here at Megaron AICC, we understand that a successful meeting is a single, seamless experience. In addition to day on day support, provided by our conference and event planning team, you’ll be assisted by our technical, operations, house management and banqueting departments. From the moment you even consider holding your event at Megaron AICC, you will be assigned your own event manager/
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planner, who will be your main point of contact throughout the planning process and the event itself. The technology and stage systems incorporated into the halls are at the forefront of technology. The technical teams at Megaron AICC are highly experienced. Completely familiar with the complex technical infrastructure of the building and also trained in theatre and opera technical systems, you can be confident that the team will provide any level of technical support you require. From sumptuous Gala dinners to conference coffee breaks, Megaron offers the finest cuisine through their catering partners, using only the freshest produce, for which the Mediterranean diet is famous. Banqueting space options are many and varied throughout the building and include the Foyers, the Banqueting Hall, the Restaurants or selected smaller spaces for private dining. We take security very seriously at Megaron. We know it is of utmost importance in your choice of a venue and to your delegate experience. Having hosted a considerable number of the world’s high profile figures, we have substantial experience in this area and we maintain 24-hour full time security staff throughout the building and the grounds.
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First and foremost we understand that you need to stay in touch. So we aim to be at the forefront in offering and implementing new technology for your benefit. In addition to Internet connectivity using a leased line connection, we also offer wireless LAN throughout much of the building. As well as a dedicated exhibition space, the multi-leveled sweeping Foyer areas of the International Conference Centre are often used for conference affiliated exhibitions. With stairs, escalators and elevators connecting all levels, moving around the exhibition areas is very straightforward. In a city where parking is at an absolute premium, Megaron AICC offers a total of 750 parking spaces in our 3-story underground car park. A direct metro line - each and every station with a unique design - connects the venue to the award winning Eleftherios Venizelos Athens International Airport in 37 minutes, making it particularly accessible for international delegates travelling from and to global destinations. The Athens Megaron is a complete visitor experience, not only a conference centre; it is also an absolute cultural experience. We have been hosting world-class opera, dance, classical music, jazz and other performing arts events since the original centre opened in 1991. And to great international critical acclaim. This allows you to incorporate culture into your programme or your supporting social programme, without having to go more than a few steps away. Megaron Athens International Conference Centre….in a class of its own!
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Travel Agency Commercial
LUXURY TRAVEL DMC GREECE
Beleon Group: your reliable partner in Greece & Cyprus
Bella Azoidou, Vice-President of Beleon Group
Contact details 20 A. Diakou St. (1 Singrou Ave.), 11743, Athens, Greece Tel.: +30 210 9212584 Fax: +30 210 9212583 Email: info@beleon.com Website: http://www.beleon.com
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Successfully operating in the Greek travel industry for 15 years, Beleon is a multifaceted group of companies offering high class services in spheres of leisure vacations, non-standard travel options, events organization and transportation. Once a small travel agency established in 2003, Beleon today has a collection of three renowned and self-sufficient companies, each with its ample list of partners, loyal clients and vast capabilities in the particular sphere of travel industry they operate in. Beleon Group companies ●B eleon Tours Travel Company organizes individual and group holidays in Greece; ●L uxury Travel DMC runs both in Greece and Cyprus creating truly tailor-made vacations and planning MICE events of any type and level of complexity; moreover Luxury Travel DMC is highly interconnected with the other companies of our collection and supervises all operations of Beleon Group;
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passion of Wedding in Greece is the organization of all kinds of bridal ceremonies and festivities. For many years now, primary activities of Beleon Group includes the creation of tailor-made, non-standard tours and luxury holidays, planning and holding business and incentive events and organization of weddings. Beleon Group also offers transport and transfer services through its own fleet of modern VIP class sedans, mini-vans and buses, regarded as one of the best private car parks in Greece. Sustainability and continues development in any sphere of activity is a founding principle of Beleon Group and we persist to this philosophy year after year. 2017 was a new milestone in the standing of our holding due to a number of achievements we earned and in 2018 we strengthened our position across the board. ●O ur expansion to Cyprus travel market ●T he
›››››› in 2017 has been followed with almost 50% increase of our hotel portfolio at this Mediterranean destination in 2018; ●F ollowing the success of Beleon Tours as “Greece’s Leading Travel Agency” at the World Travel Awards in 2017, in 2018 we did our best not only to hold our position but also to get the gold in “Greece’s Leading DMC” nomination; ●F or the third consecutive year we attained high growth rates of room night sales in 5* Luxury Hotel brands: 45% growth in 2017-2018 (as of June 1, 2018), 33% growth in 2016-2017, 92% growth in 2015-2016; ●C oncierge service, a new luxurious travel option in our collection introduced in 2017, has been enriched with a big number of offers in 2018; ● I n 2018 we celebrate our 15-year anniversary in travel industry. Our success story is quite simple: hard work, ongoing development and the most
important factor which is by the way our credo – reliability! You are welcome to experience it personally by choosing Beleon Group as your reliable partner in Greece & Cyprus.
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Medical Services Commercial
Euroclinic Group
Celebrating 20 years
Antonis Vouklaris, Chief Executive Officer of Euroclinic Group
Contact details ATHENS EUROCLINIC: 7-9 Athanasiadou St. & D. Soutsou St., 151 21 Athens, Greece Tel.: +30 210 6416 600 Website: https://www.euroclinic.gr/
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The Euroclinic Group is one of the top medical organizations in Greece, consisting of Athens Euroclinic Hospital and Euroclinic Children’s Hospital, both located in the center of Athens. Founded in 1998, the Athens Euroclinic Hospital has become a point of reference for its unparalleled, quality healthcare services and its human-centered corporate mentality, which focuses on personalized and individualized care for all patients. With 500 nursing and administrative staff, cooperation with more than 300 highly experienced doctors and specialized medical units, demonstrates more than 30,000 inpatients, 70,000 outpatients and 8,000 operations on a yearly basis. The Euroclinic Children’s Hospital was founded in 2002. Since then, its distinguished physicians and specialized staff have offered their services to over 300,000 children, with sensitivity and a deep sense of compassion. It offers a wide range of pediatric specialties and subspecialties through its departments and special units, such as Pediatrics, Pediatric Surgery, Minimally Invasive Surgery, Cardiology, Orthopedics, etc. With a vision to offer integrated health services, the Euroclinic Group achieved throughout the years to be identified as a major player in the private health sector, following a patient - centered philosophy, providing healthcare services within a
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value-for-money spectrum, totally in line with its managerial strategy. Top quality healthcare services, highly experienced medical & nursing personnel, state-ofthe-art medical equipment, strict quality policies, VIP services for all patients are some of the key elements that constitute and differentiate Euroclinic Group from its competitors. Over the past three years, within a challenging economic environment, the current management team of Euroclinic Group is proud to lead a healthy organization, pioneer for the quality of the provided healthcare services. In 2015 both clinics were certified with EN ISO 9001:2008. In 2016 Athens Euroclinic was certified for the quality of provided health services in accordance with the European standard EN 15224:2012 but also for the safety of meals prepared, handled and distributed within the hospitals’ premises, in accordance with the international standard ISO 22000:2005. Both hospitals are the first and only certified “Patients’ Friendly Hospitals” in Europe, referring to the application of the appropriate practices in order to create a friendly environment for patients and accompanying persons. Euroclinic Group was recently awarded several renowned distinctions that prove its dedication, commitment and reliability, such as the Golden Award for its quality of
›››››› services and the Silver Award in innovation, during 2017’s Healthcare Business Awards. Since 2017, the Euroclinic Children’s Hospital has been relocated in a totally restructured 5-floor building next to Athens Euroclinic Hospital, achieving the optimum convenience for the families and the children, since it is located 50m away from a central metro station, being the only children’s private hospital in the center of Athens. The proximity to major public children’s hospital, the increase in the range of services, the optimization of infrastructure utility resulted to an increase of both inpatient admissions and outpatient visits. Moreover, the Euroclinic Group with its latest establishment of SIMIO DYO, a new health and beauty center and the relocation of the Euroclinic Children’s Hospital next to Athens Euroclinic, has formed a dynamic and integrated hospital in the heart of Athens focused on patient care by offering holistic care for the whole family in brand new premises. Nowadays, the Euroclinic Group hospitals are identified as excellent diagnostic, surgical and therapeutic centers able to fulfill the expectations of their patients by setting the highest standards and strict quality policies comparable to top medical hospitals abroad. In the last three years the Euroclinic Group managed to increase the trust the
patients along with a remarkable impact on financial results and profitabillity as a result of the investments which took place, the cooperation with all the insurance companies, the awards and certifications achieved and the modern and effective management. This year, the Athens Euroclinic Hospital celebrates its 20 years of active presence in the medical business sector in Greece. “Apart from the patients and their families’ satisfaction, our positive social footprint, is always the drive to work hard and offer more”, said Mr. Antonis Vouklaris, CEO of Euroclinic Group.
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Food Products Industrial
MEVGAL SA
Exporting to more than 30 countries all over the world
It all started in 1950 in a village in Northern Greece, in the heart of a dairy region, which produces 67% of the fresh cow milk in Greece. MEVGAL΄s starting point was Feta Cheese, Yogurts and the distribution of fresh milk in the surrounding area. The freshness and premium quality of raw materials is reflected in the wide array of end products. MEVGAL produces delicious, healthy products, delivered every day to more than 26,000 sales points in Greece, via one of the best privately-owned distribution networks. MEVGAL was one of the first dairy companies in Greece to export its products, commencing exports in 1985. Today, the company exports P.D.O. Feta Cheese, Authentic Greek Yogurts and other Greek dairy products to more than 30 countries all over the world via an organized network of associates, helping make the healthy Mediterranean diet known worldwide. The company applies an integrated Quality Management System with consistency at all stages of production based on strict international standards: HACCP, ISO, BRC, IFS, non GMO animal feed, FDA. MEVGAL’s values have remained the same and non-negotiable for the last 68 years: respect for tradition and dedication to quality, aimed at offering fresh dairy products to thousands of consumers.
Contact details Koufalia, Thessaloniki, 57100, Greece Tel.: +30 2391059100 Fax: +30 2391052901 Email: info@mevgal.gr Website: https://www.mevgal.gr
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
SPIRITS Commercial
GREEK WINE CELLARS S.A. THE NO. 1 GREEK WINE PRODUCTION COMPANY
Exporting to more than 30 countries all over the world
Vasilis Kourtakis – President and CEO
“Greek Wine Cellars - D. Kourtakis S.A.” was established in 1895 by Vassilis Kourtakis (1865 1946), the first Greek oenologist in contemporary Greece with degree in oenology. In the late 1960’s, Vassilis Kourtakis, the third generation of the Kourtakis family and today’s Chairman and Managing Director of “Greek Wine Cellars – D. Kourtakis S.A.”, took over the company’s reins. His entry into the company was accompanied by fresh ideas, youthful drive, and plans to conquer new markets outside Greece. In the mid-1980’s Vassilis Kourtakis created a state-of-the-art winery in Ritsona, Viotia. The company adopted cutting-edge winemaking methods and engaged in the production of a new range of non-resinated wines. In 1985, the company launched its Apelia range. In 1992, due to rapid pace of growth of the export, occurred the need to expand its wine portfolio, thus it led the company to collaboration with Calliga winery. “Greek Wine Cellars” would take over both the production and sales of the Calliga products in Greece and abroad, thus adding a premium quality range of wines to its own portfolio. The thrive of exports expanded over 32 countries around the world. In 2000 exports accounted for nearly half of the company’s annual turnover. Rapidly the “Greek Wine Cellars” expanded; through strategic and carefully planned collaborations. ● In 2004, the company bought 50% of the share capital of “Oenoforos S.A.”, consequently selling the “boutique” wines of the noted and respected winemaker, Angelos Rouvalis. ● In late 2009 “Greek Wine Cellars” began a co-operation with the group “Grands Chais de France” to distribute the GCF products in Greece. Subsequently, “Greek Wine Cellars” added to its product range a renowned selection of imported wines, that were previously entirely absent, thereby complementing the company’s own portfolio of Greek wines. ● In 2010, “Greek Wine Cellars” became the sole distributor of the Babatzim products in both Greece and abroad. Anestis Babatzimopoulos is a gifted winemaker and distiller who on his estate at Ossa, near Thessaloniki, produces the famous ouzo and tsipouro that have rightfully earned him the title of “master of distillation”. ● Through this latest commercial partnership the wine choices of this noted vineyard in Macedonia have been added to the “Greek Wine Cellars’” wine portfolio. Also the company has entered the spirits business, selling and distributing the premium Greek distillations of ouzo and tsipouro from Babatzim. The latest successful deal was concluded in March 2016. “Greek Wine Cellars” became the sole distributor of UNION OF VINICULTURAL COOPERATIVES OF SAMOS (EOSS)’s products. The production of Samos’ wines, crops a wine that is unique in taste and quality. The selection of sweet and dry wines contains all flavor peculiarities due to their cultivation at altitude terraces of Samos’ island. Thus, the outcome of this collaboration makes “Greek Wine Cellars” the greatest ambassador of Greek wines in the world market.
Contact details 20 Anapafseos St., 19003 MARKOPOULO, Attica, GREECE Contact phones: Tel.: +30 22990 – 22231 Fax: +30 22990 – 23301 Email: kourt@otenet.gr Website: http://www.greek-wine-cellars.com
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Logistics Commercial
SARMED S.A.
Logistics made Perfect
Contact details 25th km Old Athens-Thiva National Rd 196 00 Mandra Attica, Greece Τ +30 211 6003000 F +30 211 6003030 Email: contact@sarmed.gr Website: www.sarmed.gr
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SARMED group is active for more than 25 years in four main categories: general cargo integrated logistics services (3rd party contract logistics, approx. 6,5% market share), integrated logistics services of finished and aftermarket vehicles (fleet management, almost 50% of the market share), customs clearance services (the oldest and largest firm in Greece) and development of warehouse buildings. The product categories in which it specializes is food (dry cargo and all kinds of refrigerated up to deep freeze products), beverages (soft drinks and spirits in tax & customs bonded warehouses), consumer goods (FMCG), retail chains, black and white appliances, industrial products, medical devices, pharmaceuticals and cosmetics and vehicles (two-wheeled and four-wheeled). SARMED was the first company to launch private customs bonded warehouses in Greece. Infrastructure, consisting of more
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than 160,000 m2 of roofed warehouse facilities and more than 500,000 m2 of open space in total, ranks the firm at the top of its sector in S.E. Europe in terms of private facilities (Thriasio, Thebes, Sindos/ Thessaloniki Industrial Area, Patras & regional [not owned] hubs in Heraklion, Larissa, Ioannina, Alexandroupoli). The transportation fleet network consists of more than 650 trucks of every size, temperature and specification. SARMED has also been awarded as one of the 10 best enterprises in Europe under €21 million annual turnover (regardless of sector) in the European Business Awards 2014. It has also the honor to be a member of the National Supply Chain & Logistics Committee. Long lasting partnerships with mainly multinational as well as robust Greek companies shape its clientele profile. It’s worth mentioning that during recent years of recession in Greece, SARMED
›››››› has almost doubled its turnover (almost €25 million in 2017) and has more than doubled its staff (350 people today). It has also started its international expansion by examining its penetration in the Bulgarian market. Its strategic goals are the transformation to a point-of-reference in corporate structure and governance as an enterprise, excellence in services provided, international expansion and sustainable growth for the years to come. SARMED’s vision is to be the first choice for integrated supply chain and logistics services in Greece and the wider region, while at the same time claiming international recognition for the reliability, quality, flexibility, technological superiority and the range of vertical servicing offered to its dedicated customers.
Why choose SARMED: ●B usiness
sustainability: Solid financials, zero debt.
● I nfrastructure: Τhe
No. 1 company in SΕ Europe in privately-owned warehouse spaces (over 160,000 m²). Its fleet consists of more than 650 trucks (of all categories) providing door-to-door daily service across the country.
●C utting
edge technologies: continuous investments in new technologies. Our aim is to provide our customers with the most reliable and innovative logistics solutions.
●H uman
resources: Our personnel consist of 350 people, highly and
constantly trained in logistics issues and processes. ●S olid
clientele: Our clientele consists mainly of large healthy Greek companies and multinational organizations, which proves the market’s trust towards SARMED and the services it provides.
●F lexibility:
Our financial strength, our human resources, infrastructure, technology and truck fleet as well as the management culture of the company enable a comprehensive and flexible logistics solution.
●B usiness
recognition: SARMED has been awarded in Greece (Transport & Logistics Awards) and in Europe (European Business Awards).
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Medical Services Commercial
AFFIDEA Pan-european leader in outpatient care services
Theodoros Karoutzos, CEO, Affidea Greece
Contact details 122 Vouliagmenis Ave., 167 77 Hellinikon, Athens - Greece Τel.: +30 210 6148780 Fax: +30 210 6148782 Email: info.gr@affidea.com Website: www.affidea.gr
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Affidea is the largest, most successful pan-European medical service provider specializing in advanced diagnostics imaging, outpatient and cancer treatment services. Operating a highly respected portfolio of 244 medical centers in 16 countries across the continent, Affidea’s services are at the cutting edge of patient care – a lifeline to patients in need of its services. With over two decades of dedication to
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medical excellence, Affidea is redefining the relationship of privately financed healthcare provision to the public sector. The company is effectively delivering lifesaving medical services, at the highest European standard, within existing publicly managed healthcare structures. Year in and year out, Affidea professionals touch the lives of millions, meeting the converging needs of patients, employees, public health authorities and corporate investors alike.
›››››› The company maintains high standards and has built a culture that values honesty, integrity and transparency in all it does. It strives to create a working environment of mutual respect, encouragement and teamwork – one that rewards commitment and performance and is responsive to the needs of highly-qualified medical professionals. Affidea is continually growing and driving treatment delivery to areas where none yet exists.
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Food Products Industrial
ELVIDA FOODS S.A.
Elvida Foods Passion for qualitative and delicious authentic Greek Food!
Elvida Foods is among the leading companies in Greece in the production of Authentic Gyros, Souvlaki and meat based products. It is the company that initiated the industrial production of Frozen Gyros and Souvlaki 16 years ago. ● I n 2002, “Hellenic Gyros” established one of the first production lines of Gyros in Greece. The production line for us is not only mass production but also standard level of quality, specifications of products, and advanced production methods. With the addition of the excellent choice of ingredients and the personalized customer service, all resulted “Hellenic Gyros” in being the market leader in just a few years. ● I n 2006 the shareholders structure changed and new development paths were created. Other product categories were launched to be addressed not only to Grill Houses but also to restaurants, hotels and the retail market. Hellenic Gyros, our historic brand name, remained and we initiated Nostimost as an additional brand name dedicated to retail. At the same time we changed our corporate name to Elvida Foods to reflect our new product lines and expand our presence to new export markets. Since the first years of its operation, ELVIDA FOODS remains focused to the high quality and safety of its production lines. They are all certified according to ISO 22000, IFS, BRC standards. Due to automatic traceability and the minimization of human intervention, we can support with real data the constant high quality of all of our products. It is our pride that the ELVIDA FOODS factory has been successfully audited 3 times for best practices by the European Federation of Food Safety Authority (EFSA). ● In recent years, Elvida Foods has participated in all national committees and initiatives in order to establish official norms and specifications for the production methods of several traditional Greek products including Gyros and Souvlaki. Additionally, we have taken several international initiatives to protect the authenticity of Greek Gyros. From day one, ELVIDA FOODS’ export strategy was directed to the end consumer through retail stores all over the world. Today, ELVIDA FOODS operates in Europe, USA, Canada and the Arabic Peninsula, exporting products to more than 20 countries all over the world.
Contact details 40 Stylianou Gonata St.,12133, PERISTERI, Athens, GREECE Tel: +30-2105785051, Fax: +302105785052 Email: info@elvidafoods.gr Website: www.elvidafoods.gr, www.hellenicgyros.gr www.nostimost.gr
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Recently, Elvida Foods completed 3 different investment programs, investing more than €3 million. Our premises now cover 6,000sqm and we never stop investing in state-of-theart machinery and most of all, people. “The highest level of our 150 employees here at ELVIDA FOODS and our passion for quality and delicious authentic Greek food, will always be the key drivers for our success in the future,” commented CEO Dr Stelios Skaribas.
DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Soft Drinks and Juices Industry Industrial
EPSA S.A.
A story of refreshment
The history of EPSA dates back to 1924, when there was a surplus of lemons in the geographical area of Pelion. Observing a sales increase of traditional lemonade by peddlers, the owners of EPSA set the goal to create a factory to produce soft drinks. A German chemical engineer was invited to assist with the production of lemonade. It was then that a secret recipe was born and is preserved until today. In addition to maintaining refrigerated rooms for fruit conservation and sales of ice, EPSA also entered the production of soft drinks. At that time, EPSA was the main distributor of power supply in its entire surrounding area. During the nine decades that passed since then, a lot of progress has been made. In 1937, EPSA was awarded the “Golden Award for Quality” at the Thessaloniki International Fair. EPSA’s noted glass bottle, that was meant to become the landmark of the brand, was designed in 1940. Today, EPSA is still situated at exactly the same place in Agria, in the city of Volos, maintaining modern facilities soft drink production. EPSA applies quality control systems ISO 9001:2008, ISO 22000:2005 and an IFS Food Standard certification. During the past few years, in addition to the classic Orangeade, Lemonade, Lemon Soda and Soda Water, many new products have been added: Iced Tea in several flavours, Tonic, Sour Cherry Drink, Organic Lemonade and Orangeade and Lemonade, Orangeade and EPSA Cola light (sweetened with stevia). Also, “light drops”, a liquid stevia sweetener, was the firm’s new innovation. Last but not least, Pink Lemonade was the latest addition to our product portfolio. The factory and offices are open every day from 07:00 am -17:00 pm. School visits to the Museum are welcomed by appointment from October to May.
Michalis Tsaoutos, General Manager
Contact details Agria, Volos 37300, Magnesia, Greece Tel.:+3024280 91901 Fax: +30 24280 91900 E-mail: info@epsa.gr Website: www.epsa.gr
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Medical Services Commercial Central Clinic of Athens
Central Clinic of Athens S.A.
Caring for people
George Ratsikas, Administrative Director, Central Clinic of Athens
The Central Clinic of Athens is a recently founded sophisticated private sector clinic located at the center of Athens; it operates since June 2000 as a Research, Diagnostic and Treatment Center. The Clinic is accommodated in modern building facilities of a floor space totaling 7,500sqm. With more than 200 employees, this progressive, Central Hospital provides capable, compassionate care for its inpatients, as well as for its outpatients and annual emergency room visitors. The goal of our mission is our commitment to excellence in serving patients, from providing an aesthetically pleasing environment, to ensuring quality in medical care. Central Clinic offers allocates 140 specially designed and fully equipped beds of various categories, in exquisite hotellike areas. It has 11 modern operating theatres, which have been constructed with the strictest of standards to minimize in-hospital infections and an Intensive Care Unit with 8 beds, equipped with state-of-the-art technology in order to safely cover all patients. The outpatient department covers all the specialties, providing high quality medical services in hundreds of patients every day. The capacity to cover these services and particularly severe cases, is continuous, daily and on a 24-hour basis. The Clinic also operates 3 ambulances, fully equipped mobile units, which handle the transportation needs. The total force, the staff and technological equipment, have been organized and operate according to high standards. Every employee receives excellent training under the spirit of satisfying our patients’ needs first, providing a safe and secure environment for care and healing.
Central Clinic of Santorini
Contact details 31 Asklipiou St., Athens, 106 80, Greece Tel.: +30 210 36 74 000 Fax: +30 210 36 05 110 Email: ccaa@centralclinic.gr Website: http://www.centralclinic.gr
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The Central Clinic of Santorini is an Innovative Diagnostic and Treatment Center, located in Fira, the Capital of Santorini Island. It has been founded by a team of experienced doctors in 2011,
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providing high quality medical services, with dignity, respect and responsibility. The highly trained and experienced personnel are 24 hours a day, 7 days a week, on duty, for prevention, early diagnosis and treatment of every patient. All departments of Central Clinic (orthopedic trauma, cardiology, laboratory & radiology [CT & MRI]), are highly technologically equipped, in order to provide health services, responding to the patients’ needs in the most effective way. Especially, the laboratory and the radiology departments are equipped with the system PACS, which is unique in Greece and can transmit the results of every medical test – even the pictures, videos themselves everywhere in the world so that your family Doctor can
›››››› get involved in the Diagnostic and Therapeutic procedure in real time, wherever s/he might be.
Santair Air Transfer The emergency air transfer is performed by an aircraft Beechcraft BE 200, certified for patient transport, with pressurized cabin, capacity of 2 stretchers and 1,100km range. For the Safe and Painless transfer of all emergency cases our Air Ambulance consists of: ●Q ualified Pilots, previous senior Pilots of the Hellenic Air Force ●H ighly trained Physicians of all specialties
●E ducated
Nurses in emergency evacuation
Sea Transfer The Reliable and Safe patient transport of patients by sea is performed with our Certified Sea Ambulance 17 meters long (the only one certified in Greece), modernly equipped with the most efficient machinery: ●H ydraulic stretcher with cushioning system ● Ventilator for intubated patients ●C omplete cardiology equipment (cardiograph, defibrillator) ●A ll the facilities for dealing with complex orthopedic or surgical cases The highly trained physicians of all
specialties, educated nurses and the rest of the team transfer patients with safety from Greek Islands (especially Cyclades) to the Central Clinic of Santorini or the Central Clinic of Athens. SANTAIR along with CENTRAL CLINIC OF ATHENS & CENTRAL CLINIC OF SANTORINI have experienced doctors, providing high quality medical services, with dignity, respect and responsibility. The highly trained and experienced personnel are on duty 24 hours a day, 7 days a week, for prevention, early diagnosis and treatment of every patient, because every patient is unique for us!
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Paper Industrial
Skag
People who create for people who develop
Kostas Skagias, President
SKAG, from 1956 through to the present day, has established 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, who made a small family workshop evolve into the biggest production unit for paper stationery products and filing products in Greece. SKAG is based in Krioneri Attikis, on privately-owned property of 20,00sqm. Over the past 13 years, it has extended its distribution network in Northern Greece, building a modern, state-of-the-art distribution centre at the Sindos Industrial Zone (3.200sqm). 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 SKAG. The firm has 4 major product categories under the umbrella brand of SKAG: ● SKAG – school products ● SKAG and PAPER – paper stationery for office use ● SKAG SYSTEMS – filing products ● SKAG DECO – arts & crafts The 7 parameters SKAG’s success upgrading, improvement and extending of the SKAG range of products ●S ystematic communication (above the line advertising, press releases, events, sponsorships, PR, etc.). ● Continuous upgrading of machinery. ● Continuous development and improving of the pan-Hellenic distribution network ●C ontinuous development and education of employees, at all levels through the company. ●P romoting the use of safe materials by SKAG products, especially when targeted to children. ● Promoting the Ecological Conscience of SKAG, which has been adapted for decades. ●C ontinuous
Popi Skagia, CEO
Contact details 4-6 Kolokotroni St., Κrioneri Attikis, 145 68 Athens, Greece Tel: 210 81 61 527 Fax: 210 81 61 607 Email: exports@skag.gr Website: www.skag.gr
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Quality SKAG guarantees the quality of its products, as extreme care is paid to safe raw materials, which do not burden our environment. The SKAG brand gives an identity to the quality of not only the products available, but also the services offered (customer service, immediate delivery, communication and proper attitude). SKAG also guarantees high quality observing EU standards, by making agreements with the biggest producers of raw materials on a pan-European scale, thus purchasing materials from the most ecological and sustainable methods of producing paper, carton board, PP, etc. For example, imported paper is chlorine free and is bleached by processes that do not harm the environment in any fashion. Brand TH.C.SKAGIAS SA has a successful brand – SKAG, which over the years has become easily recognized, and has all the characteristics of a successful brand. It is short, simple, easily pronounced and easily remembered. SKAG has gained the trust of their customers and end users, as above all, their top priority is consistency, service and reliability in all facets of the market. SKAG’s path to success and growth is the result of steady, planned steps and the strategic moves the firm chooses to follow. All SKAG values come from the DNA of the company, which guarantees quality and consistency in all of its operations.
DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Pharmaceutical Products Industrial
MEDOCHEMIE HELLAS
Shining amid crisis
Medochemie Hellas, which is a subsidiary firm of Medochemie Ltd, is a fast growing, dynamic company in the Greek Generic pharmaceutical area. Medochemie Ltd, a multinational pharmaceuticals firm based in Cyprus, develops, licenses, manufactures, markets and distributes branded generic and super-generic pharmaceutical products since 1976! Medochemie Ltd has 13 manufacturing plants, and it maintains 3,800 marketing authorization licenses for 630 different pharmaceutical products, in over 10 therapeutic categories, which are distributed throughout the world, in more than 100 countries. The business activities of Medochemie Hellas, which employs more than 50 associates, are focused on the areas of generic prescription pharmaceuticals in both hospital and private sector. The firm offers a range of over 40 products mainly in the categories of central neural system, cardiology and pathology. Medochemie Hellas is based in its privately-owned premises in central Athens. Vision During 2011, Medochemie went through a massive reform and a vision was formed in which all employees believed and actively took part in. That vision is: “Medochemie Hellas will be the fastest growing generic pharmaceutical company in Greece, whilst providing every Greek quality pharmaceutical product and every doctor consistency and consequence”.
Antonis Efmorfiadis, CEO
Contact details 6 Paster St., Ambelokipi, Athens, 11521, Greece Tel. +30 210 6413160 Fax +30 210 6445375 http://greece.medochemie.com/ E-mail: greece@medochemie.com
Values Medochemie Hellas’s values are: ● Passion for achievement ● Responsibility ● Entrepreneurship ● Interest for humans (society) ● Innovation Achievements After a remarkable evolution, Medochemie Hellas was twice awarded a distinction for being: “The fastest growing generic pharmaceutical company in Greece for the past 4 years, struggling in a negative environment.” This was the reward for a remarkable growth, shown below: ●M edochemie Hellas: From 34th place in the Greek generic market in 2011, to the 9th place in Q1 2018 ●F rom a market share of 0,8% in values in 2011, to a market share of 2,8% in Q1 2018 ●A verage growth 2011-2017 of 23.1%, within a negatively growing market ● Medochemie Hellas actual sales in euros : 2010: €3.3m / 2017: €11.6m ● 2017-2018: 2 years - 9 new launches that will set the future pace for the company ● Medochemie Hellas sales growth YTD 2018: 26% ● Expected annual sales for 2018: €14.5m Social Responsibility Medochemie believes in growth with a human face. As part of this conviction, our company has donated medicines to several organizations, such as “Doctors of the World”, Citizen-run health clinics and pharmacies and Church-run health clinics and pharmacies, as well as the organization “Pharmacists of the world”. I 357 I
DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Machinery Industrial
GIZELIS ROBOTICS
The future of industrial production!
Evangelos Gizelis General Manager GIZELIS Robotics
Contact details Schimatari Viotias, 32009, Kormatzini Area Tel: +30 22620 58675 Fax: +30 2262 057185 Email: info@grobotics.gr Website: www.grobotics.eu
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Gizelis Robotics SA is a major industrial-robot system integrator in Greece, providing turnkey solutions and developing new technologies. The company operates as a part of Gizelis Group of Companies that produces machinery for the sheet metal industry (bending, shearing, plasma cutting, punching etc), and as the exclusive partner in Greece of the biggest industrial robot brand in the world YASKAWA, which is the biggest robot supplier with a share of 40% of global welding robots production. Additionally, has exclusive partnership with the biggest welding source provider in the world Lincoln Electric. Furthermore, as a high skilled technology company, is working closely with Patra’s University (LMS) and participates in Research and Development projects for tomorrow’s factories supported from the EU. Gizelis Robotics facilities are located in Schimatari, Greece along with Gizelis S.A. in a 12.000 m2 area. All projects and tests made in-house by using a state of the art job shop and high skilled engineers with a long experience in their expertise. Our Solutions Development & Integration (SD&I) team within Systems Integration (SI) is specifically focused on enabling clients to overcome complex systems integration challenges when delivering business driven, technology-enabled change across their organization. Our specialists help clients in designing and implementing fully inte-
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grated solutions across the organization’s own walls, and with its external partners, suppliers, and customers. Our end-to-end solutions encompass technology, people and data; span across front, middle and back offices; and are focused on quality, governance and control. We cover all aspects of systems integration including digital solutions, package integration, custom development and infrastructure. Every application is unique and therefore it must be designed accordingly in order to meet perfectly the production demands. High skilled engineers design the layout and all the cell elements in CAD software. In 3D simulation software the cycle time of the robot is analyzed making offline tests for having a guaranteed result. By using a state of the art job shop they can construct all necessary equipment that a robot application needs. They can also construct big rails
›››››› and gantry systems completely in-house. Gizelis Robotics integrates all kind of applications that can automate the production process: Welding (MIG, MAG, TIG, Laser …), Cutting, Palletizing, Packing, Handling, Painting, Bending, CNC Machining, Assembly and Grinding. Our unique, holistic approach for Robotics and System Automations is a true production solution that offers the boost that is required by an industry at any given time. Globally, manufacturers are seeking solutions that allow them to affordably cater to changing market demands. In such a competitive industry, having solutions that allow them to stay innovative and create their products efficiently is a huge win. Robots offer a solution that closes the labor gap and allows manufacturers to deploy flexible automation, so they can stay competitive in an everchanging market. The biggest advantage of a robot is that its servo control drives and motors are fantastically accurate and can repeat tasks tens of thousands of times to within a fraction of a millimeter. Quality is the next major driver in the industry. Better quality comes from better process consistency, finer positional control and superior data recording and management. These benefits will save thousands of Euros annu-
ally by reducing downtime and improving product efficiency. In order to create a roadmap to exploit Industry 4.0 technologies, you should lean on a robust automation and IT manufacturing strategy that focuses on the entire business, the enterprise architecture, and direct change. Manufacturers can’t ignore the thrumming beat calling for measurable and meaningful progress on Industry 4.0 in 2018.
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Spirits Industrial
BARBAYANNIS LIQUOR DISTILLERIES LTD
A new distinction of the elderly business
Contact details Plomari, 81200, Lesvos, NE Aegean Islands, Greece Tel. +30 22520 32741 or +30 22520 33300 Fax: +30 22520 32231 Email: info@barbayanni-ouzo.com Website: www.barbayanni-ouzo.com
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OYZO BARBAYANNI, the company that established the terms “Ouzo from Plomari” and “ouzo by distillation 100% “, with more than 158 years of continuous presence in the Greek market is a rare example of a family business which for six consecutive generations protects with astonishing consistency a unique tradition, given to us from Lesvos. It is the“Barbayanni ouzo”, a 100% Greek family-owned company which has been operating continuously since 1860 on the frontier Plomari village of Lesvos, at the helm of which today is the 5th & 6th generation, which offers to the international market a traditional, authentic Ouzo from 100% distillation. In 1996, the Ouzo Museum of the Barbayannis family was established - the first thematic museum for our national product worldwide - which attracts thousands of visitors to the beautiful Aegean island. After joining in the “ELLA-DIKA MAS” initiative, of the Greek-certified companies ,in 2016 “Ouzo BARBAYANNI – FROM PLOMARI LESVOS”, and its being selected in the top Corporate Super brands in Greece in the category of alcoholic beverages, in the framework of the competition of the world-renowned SUPERBRANDS institution, a new distinction is added to its assets by being selected it in the list of the Healthiest Growing Enterprises of Greece at the DIAMONDS OF THE GREEK ECONOMY 2018, a prize for business excellence awarded by NEW TIMES PUBLISHING for 15 years. This distinction recognizes the successful multi-year presence of OUZO BARBAYANNI in the Greek Beverages Industry as well as the continuous strengthening of its export activity, which is growing at a number of markets abroad. In 2017, the company increased its sales by 7%, while its exports were consolidated in the traditional foreign markets (Europe, Cyprus, and USA) and also increased in new markets. By these standards OUZO BARBAYANNI continues-on the Greek frontier Plomari village of Lesvos Island - without any simplifications and discounts on quality, giving plenty of its time and big effort, to offer to the lovers of quality a 100% distilled ouzo , while preserving with devotion the founder’s diachronic principles respect for tradition, commitment to quality, with love to the human and the environment, making Ouzo Barbayanni a point of reference for Greek Distillery and the traditional products of modern Greece.
DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Commercial
PHARMABELLE
Offering an extensive product portfolio
PHARMABELLE was founded in 2014 in Cyprus, with the vision to offer innovative pharmaceutical and para-pharmaceutical products in the Cypriot and International pharmaceutical markets. We offer high quality products for the benefit of our customers, helping to address health conditions that concern modern people, by representing the leading pharmaceutical industries of Uni-Pharma and Intermed, and exporting to an extensive network worldwide. PHARMABELLE provides an extensive range of services to meet our customer’s needs. We aim to develop strategic partnerships with suppliers and companies of the highest standards to yield the maximum outcome for all involved. We are dedicated to quality in every aspect of our company’s activities providing expertise services in: ● B usiness Development (Identification and assessment of products and potential new markets) ● T echnical Assistance (Registration Dossiers, Contract manufacturing, Product development) ● F inished Products (Pharmaceutical, Healthcare, Cosmetics) ● M arketing & Sales (combining scientific knowledge with an extensive sales network).
Contact details 10 Viotias St., Aradippou 7104, Larnaca, Cyprus
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Consultancy Commercial
N|E|P|A Economic Consulting® Simple Ideas | Great Solutions
N|E|P|A Economic Consulting®, established in 2005, provides tax, accounting and financing integrated services to the business sector. Through the thirteen years, the company have won the trust of all clients providing practical, cost effective and innovative solutions to their needs. The provision of services is carried out through a team of experts, focusing on financial management and specialized counseling. The company’s target is business development and financial growth of the stakeholder through a pioneering and modern management system of commercial, accounting, tax, labor and other administrative issues. The company is an official member of PrimeGlobal, one of the largest associations of Independent Accounting Firms in the world and the Institute of Financial Accountants, an internationally recognized professional accountancy membership body organization. N|E|P|A Economic Consulting® is also a distinguished member of: ●B usiness Network International Greece (BNI),
Constantinos Patiris, Managing Director, N|E|P|A Economic Consulting
●A thens
Chamber of Commerce and Industry,
●A merican ●H ellenic
– Hellenic Chamber of Commerce,
Network for Corporate Social Responsibility,
●A ssociation
Contact details Athens: 7-9 Anagenniseos St., Nea Filadelfeia 14342 Tel.: +30 210 2585584 Fax: +30 210 2583566 Email: infoweb@nepa.gr Website: http://www.nepa.gr Volos: 34, Pavlou Mela, 38500 UK: London: 130 Wood Street, London, EC2V 6DL +44 (0)20 7556 1460 london@nepa.gr
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of Industries of Thessaly & Central Greece,
In 2018 N|E|P|A Economic Consulting®, launched a new branch in Volos and according to the business plan in the near future will expand to Northern Greece (Thessaloniki) and Crete. NEPA’s vision is a powerful, flexible and modern company in the broader field of service activities with peak the triangle Accounting – Tax – Advisory, in order to assist with the company’s own unique way on growth, efficiency and competitiveness of the Modern Greek companies that are requested to act in a labile, difficult domestic and international environment. NEPA invests continuously in knowledge, technology and human resources. NEPA seeks and attributes added value to the evolutionary perspective of all clients.
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Medical Services Commercial
Medicare Hellas S.A.
Over 3 decades Standing up to your expectations MEDICARE HELLAS S.A. has been active in the healthcare industry for over three decades.The company was founded in 1986.The main objective was to provide Hospital units with high quality medical devices and disposables. Since its inception our company has
Mr. Athanasios Markopoulos CEO
Contact details 2 Kalvou & Paleologou str. 15232 Athens, Greece Tel.: +30 210 6080 143 Fax: +30 210 6080 177 e-mail: info@medicare-hellas.gr www.medicare-hellas.gr
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worked closely with Johnson & Johnson Hellas as an official and authorized representative of its leading medical products. This cooperation expanded through the years making MEDICARE HELLAS the largest specialized representative for products from the entire Johnson & Johnson medical product range. On a steady growth path, the company has entered into important partnership agreements with leading manufacturers of medical devices and disposables. Recently, in 2017, our company became the exclusive distributor of Cardinal Health Company in Greece, with the world-known CORDIS products for interventional cardiology and endovascular. Through dedication and sound business and operational choices, MEDICARE HELLAS S.A. is able to constantly expand its medical product range and presently offers a large set of solutions to healthcare scientists and delivers innovative medical technology products to both private and public healthcare units nationwide, as well as private practices. The success story of MEDICARE HELLAS is mainly due to: ●A flexible, trustworthy, functional and result-oriented business scheme. ●A carefully built network of key partners and business alliances which ensures a
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›››››› broad range of excellent innovative products with high potential. ●A solid and loyal customer base. ●A n effective, well-trained sales team highly committed to satisfying customers’ needs and in delivering after sales services. They willingly offer tailor-made solutions, on-site support and technical education on product usage and specifications to all interested healthcare professionals. OUR VISION With an eye on society’s changing healthcare needs, the company is committed to providing the medical community with unique, innovative, high quality, branded and cost-
effective therapeutic and diagnostic products, thus contributing to the advancement of good health and improvement of people’s quality of life. OUR MISSION Company’s strategy is determined by the constant values that govern every sector of its activity. OUR VALUES ●A consistent, sound business strategy based on ethics and clear corporate practices. ●C onsistency, reliability, professionalism and flexibility have established the company as the most trusted partner of people in the scientific community and health professionals.
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passion for winning: Achieving the highest possible performance in every segment. ●W e are proud here at Medicare Hellas to say that in the past three decades we remain dedicated to our principles but also managed to evolve into one of the leading Greek companies in the medical device sector. Over the years we have consistently invested into the highest quality of our products and services rendered. Our workforce, a team of well trained, carefully selected professionals, has always been the pillar of our success. ●W e face the challenges of today, we set our eyes in the future and we promote a business ethos that invests in innovation with a human face.
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Soft Drinks, Alcohol Drinks & Natural Mineral Water Industrial
J.K.ANASTASOPOULOS & SON O.E
OUR PRIOR CARE IS QUALITY
Contact details Rododafni Aigiou, 25100, Aegio, Achaia - Greece Τel.: +30 26910.71 456 Fax: +30 26910.71 970 Email: krinos@krinos.gr Website: www.krinos.gr
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“KRINOS” Company is a 100% Greek, family-owned bottling company and the only one that combines 3 different types of production plant: alcohol drinks-distillery, soft drinks production & natural mineral water bottling. “KRINOS” Company was founded in 1943 by Ioannis Anastadopoulos using the family traditions of distillation of ouzo and raisin brandy. He also expanded the business towards production of soft drinks. “KRINOS” soft drinks noted a major success in the wider area of Achaia. The continuance of the company came in 1971 by his son Constantinos Anastasopoulos. He developed an additional bottling sector of natural mineral water, while he preserved and optimized the inherited traditional recipes of ouzo, brandy, liqueurs and soft drinks. He put each production section to a separate building, while total premises reached 20.000sqm. Until 1999 he had realised investments of 2billion drachmas. 70% of the total production was lined for exports in 20countries around the world. The company applied Quality Management System ΕΝ22000 since 2000. The products of KRINOS have been awarded many times for their taste and their quality in contests abroad. KRINOS company operated under the latest technological innovations and it achieved to operate under total vertical integrated production, while is considered as an expert of know-how in bottling process. Since 2007 the 3rd generation which consisted by Constantino’s 5 children took the lead in. The products are changing packaging and labeling in order to meet modern times’ needs. The company continues to have a clear export orientation, maintains its identity and starts to grow, while it enters in the Greek cisis with zero debt. The last five years “KRINOS” Company achieved to raise its personnel, to establish a strong R&D department, to triple its turnover, to increase exports by 35% in 30 countries, to expand its premises by 3.000sqm and finally to invest 2.000.000€ by its own funds and executed several outside projects successfully. KRINOS Company produces even today: ●1 00% Greek traditional soft drinks (orangeade, lemonade, gazoze and soda water) with 20%natural juice ●O uzo distillated in traditional cooper stills using only Greek botanicals and aromatics, brandy with 40 years old essences and liqueurs ●N atural mineral water with low salt content and suitable for low sodium diet. KRINOS Company even nowadays follows its founder’s vision: “OUR PRIOR CARE IS QUALITY”
DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Certifications Commercial
EUROCERT
WORLD-LEADING CERTIFICATION
Georgios Briskolas, President & CEO
Contact details 89 Chlois and Likovriseos Str., Metamorfosi, 144 52, Athens / Greece Tel: +30 210 62.52.495, 62.53.927 Fax: +30 210 62.03.018 Email: info@eurocert.gr Website: https://www.eurocert.gr
EUROCERT constitutes a Greek multinational Inspection and Certification company, with 20 years of operation that follows a dynamic growth path on a worldwide scale, based on the commitment to total quality of the services provided. EUROCERT, as an independent body for Inspections, Audits and Certifications is the largest active Greek company in the field. Having developed a high level of know-how and experience in the global market, it offers more than 50 Certification and Inspection services in sectors including food safety, agricultural products, tourism, energy management, environmental sustainability and railways. For the past 20 years, EUROCERT follows a steady growth course both in Greece and abroad, having already carried out 40,000 industrial Inspections and having awarded 55,000 certificates. With an active presence in more than 25 countries, a network comprising of more than 500 Greek and foreign inspectors and the recent reception of a world-leading distinction from the International Certification Body called International Featured Standards (IFS) in its most basic standard, EUROCERT is the first Greek Certification company to be accredited by the ESYD (National System Accreditation – Greece), UKAS (United Kingdom Accreditation Services (UK) and SAAS (Social Accountability Accreditation Services – USA). In spite of the crisis EUROCERT managed to apply a stable financial plan during the past decade that enabled it to almost double its turnover and more than triple both its permanent staff and its partnerships abroad. Today EUROCERT’s turnover out of the Greek territory accounts for 50% of the total and is equally impressive as its investment program since 2009, including the purchase of 2.5 million Euro worth company-owned offices in Metamorphosis. Ever since its establishment, EUROCERT has built a wide international network of associates and customers, boosting its intense activity in Europe, Asia and the MENA. Having obtained the trust of some of the largest companies operating in the Greek and international markets, EUROCERT’s business interest is now oriented mainly towards the Asian and South American markets. Surpassing rough international competition, the company’s involvement in the railway sector of China, brings EUROCERT closer to an agreement of undertaking a major Certification process in the context of China’s connection to Europe (“One belt, one read”). At the same time, EUROCERT expresses a strategic interest in the huge market of agricultural products in Brazil. In the domestic market, the company’s work promotes Certificates with particular impact on the Greek Economy and Society, with a special focus on the upgrade of the Greek Tourism (evaluation of tourist accommodation with “Stars” or “Key” marks) and the Greek identity of products and services (ΕΛΛΑ-ΔΙΚΑ ΜΑΣ certificate). In addition, in the field of Corporate Social Accountability, EUROCERT has introduced in cooperation with CSR Hellas, the worldwide innovative “Ethos” certificate, while regarding the promotion of the national gastronomic wealth, EUROCERT has been the first authorized Certification body to award the “Greek breakfast and breakfast basket” certificate. EUROCERT is established overseas as the trusted body of Audits, Inspections and Certifications, having secured worldwide presence and major international accreditations. By adopting a non-stop development policy, EUROCERT has evolved into one of the most successful Greek multinational companies, with extrovert strategic planning, offering high added value and applying continuous innovation.
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DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Food Products Industrial
Vlachakis Eggs
Organic, free range or barn shell eggs
Contact details Ypato Thiva, 322 00 Thiva, Greece Tel.: +30 22620 71355 Fax: +30 22620 71625 Email: info@eggs.gr Website: www.eggs.gr
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Founded in 1965, VLACHAKIS EGGS is one of the biggest eggs producers in Greece. We design our products based on the principles of nutritional value and high quality. We love nature and its products , we respect animals, environment and our consumers. We work diligently; tapping the knowledge and expertise over the years we combine it with innovation aiming at providing consumers today with a high quality product equal to that which older generations savored on a smaller scale. Constantinos Vlachakis, an agronomist with a masters degree from Davis University of California, started Vlachakis Company in 1965.. He spent many years in poultry nutrition research himself following closely the global trends in egg production. He introduced new technology, applied new systems in poultry breeding (based on herbal diet) and ameliorated facilities by providing ventilation thus significantly contributing to the further development of poultry farming and egg industry in Greece. Our workforce of 80N qualified employees is employed in two areas: Production and Management. Our production farms (over 400.000 sq meters) are in Ypato, Kalyvia and Domokos. In Ypato we produce the main bulk of our eggs; in Kalyvia and Domokos we produce only organic farming eggs. Despite how much our company has grown over the last years, we honor the same values: Love for nature and its resources, environmental awareness, respect for our consumers and striving for sustainability. We at VLACHAKIS EGGS share common vision and goals: Always operate as a reliable and motivated company. Offer our consumers optimum quality products. Follow closely on our commitment for improving the living conditions of layers by conserving and enhancing our environment. We produce and package our shell eggs in our farms, meeting and exceeding the stringiest standards set by the E.U. and Greek regulatory entities. Our owned property and satellite farms spread over 450.000 sq. m. and host our total flock of 300.000 birds. Our hens live and roam freely or sheltered in purpose-built housing and supply us with high-quality organic, free-range or barn shell eggs. We are the first company in Greece to have voluntarily met beforehand the international regulations about quality and safety guarantees of both the product and the production process. Our certification program includes: ISO 22000-2005, HACCP, Organic Certification of DIO and AGROCERT based operations and application of traceability.
DIAMONDS OF THE GREEK ECONOMY
2018
DISTINGUISHED COMPANIES
Food Products Industrial
Almpantakis S.A. - CRETAN MILL
152 years family tradition
Michail Almpantakis, CEO
“Cretan Mill by Almpantakis family” is a family run business founded in 1866 with a long tradition in the production, standardization and marketing of olive oil. Established in Heraklion of Crete, we have created modern facilities where we produce and offer a wide variety of extra virgin, virgin, organic, aromatic and special oils, offered in attractive and well-designed packaging. Combining tradition and innovation, the company always seeks excellent quality, exquisite taste and high nutritional value, presenting unique commercial brands which have won awards for their quality in national and international competitions. Since 2006, “Cretan Mill by Almpantakis family” is operating in ultramodern facilities, where the olive oil is produced, standardized and stored. Our company is a complete vertical production unit, consisting of three olive oil crushing units, a bottling factory and, since 2017, an olive oil pomace factory, in order to use the olive core in an ecological way and produce our own olive pomace oil. Our great power in the market is based on our stable and high quality of our products, offering the best quality-price relation in the market, as well as on our experienced staff, providing fast service and consulting support throughout the year. Moreover, the company is certified with quality assurance systems of ISO22000, HACCP, IFS and BRC and always handles the fruit of the olive tree with responsibility and respect. Some of our most recent awards are: “INTERNATIONAL TASTE AND QUALITY INSTITUTE – iTQi 2018” for our extra virgin olive oil “Kritikoi Elaiones” and our “PDO SITIA” (2 Gold Stars), “LONDON IOOC 2018” for our “PDO SITIA”, “INTERNATIONAL TASTE AND QUALITY INSTITUTE – iTQi” for our extra virgin olive oil “PDO Sitia” (2017), our extra virgin olive oil “Kritikoi Elaiones” (2016) and our extra virgin olive oil “Agrelia” (2016). The award “LONDON IOOCQuality Award” for our extra virgin olive oil “Premium by Almpantakis Family” (2017) and our extra virgin olive oil “Kritikoi Elaiones” (2016). The award “OLYMP TASTE” for our extra virgin olive oil “Premium by Almpantakis Family” (2017) and our extra virgin olive oil “02“ (2016). The awards “COPPER ELEA” and “GOLDEN ELEA” at the Cretan Olive Oil Competition for our extra virgin olive oil “PDO Sitia” (2017) and our organic extra virgin olive oil “Agrelia Organic” (2017). These awards are a significant recognition of the excellent taste and the quality of our olive oil, which is being distributed not only in Greece but also all over the world. Apart from our domestic sales which constitute 60% of our turnover, our exports are also a key factor in our company’s development and success, reaching the percentage of 40% of our turnover. Our vision is to promote worldwide the model of the Cretan diet and the high quality of Greek products. The philosophy of “Cretan Mill by Almpantakis family” is: “the olive oil which we offer to the consumer is the same that we use in our homes and offer to our children.”
Contact details Kalessa Malevizioy , Heraklion Crete Tel.: +30 2810 821475 Fax: +30 2810 822787 Email: info@crete-oil.gr Website: http://www.crete-oil.gr
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DIAMONDS OF THE GREEK ECONOMY
2018
SURVEY BY NEW TIMES BASED ON THE FINANCIAL RESULTS OF 3.123 MAJOR BUSINESSES IN 2010 AND 2016 Greece’s economic crisis and protracted recession have led to destruction of major productive forces, closure of thousands of businesses and eruption of unemployment. At the same time, however, a strong business core has remained intact and has managed amidst the economic crisis to grow and bolster its position in the country’s economic life. This core is spreading its nets across business -industry, commerce, services- succeeding not only to maintain its vigour but also to raise profitability by opening up new markets. The above are the findings of a survey conducted by New Times on a sample of 3,123 large businesses with comparable data in 2010 and latest financial statements published for FY 2016. Let us try, however, to look into some of the companies and industries that have beaten the crisis, especially by comparing the financial years 2010 and 2016. Before proceeding to presenting the conclusions of the above survey, however, it should be underlined that that the survey includes results only by companies posting a rise in profitability in the two years, 2010 and 2016. This means that companies posting profit drops or losses have not been included in the survey sample.
data, this would lead to the conclusion that out of the 3,123 firms in the sample, 2,080 (approx. 67%) are profitable, and the remaining 33% are loss-making.
extraordinary performance, moving from a loss-making 2010 to profits of more than €50 million in 2016 - this is linked to the creation of a powerful network by the Greek airline, which has seen sales jump to approx. €900 million.
High profits for black gold companies According to the New Times survey, winners included the country’s two oil refineries: Hellenic Petroleum and Motor Oil, which not only won the first two places in the profit list but also increased their profits by 88% and 210%, respectively. Specifically, the two oil groups’ total profit rose from €374.3 million in 2010 to €859 million in 2016! Similarly, in the petroleum trading sector, companies whose activity is linked to refineries posted particularly positive results. Firms posting an increase in earnings included BP Oil Hellenic (+215%), EKO Calypso and SEKA Bunkering Station.
Another company with spectacular performance in the aviation industry was Goldair Handling, whose profit rose from €146,000 in 2010 to €5 million in 2016. Goldair Handling is part of Goldair Group, which has been assigned the design of Greece’s largest freight center, while in cooperation with Austrian Railways, has created the country’s first privately-owned railway company.
Aviation sector sees profits take-off Athens’ Eleftherios Venizelos International Airport has increased its net profits by 20%, from €158.5 million in 2010 to €189 million euros in 2016. Aegean Airlines posted an
Positive results were posted by the following businesses: (a) major industrial complexes with extroverted orientation, (b) subsidiaries of multinational companies with commercial activity in Greece, and (c) individual Greek retail chains. If one were also to attempt a comparison of the available survey
I 370 I
››››››
Extroversion brings significant profits Industrial conglomerates such as ELVAL, Corinth Pipeworks (both Viohalco Group members) and Mytilineos also posted significant increases profitability, attributed mainly to their strong export orientation and the fact that these firms are already successful in foreign markets. An example of such
Businesses not affected by the crisis, but touched by Midas instead
Profits in the tobacco industry Popular tobacco companies Karellia and Papastratos have demonstrated their resilience to the consequences of the financial crisis. Karelia saw profit more than double from €34.8 million in 2010 to €88.3 million in 2016, which allowed the firm to offer staff a fantastic package of bonuses. On the other hand, Papastratos moved from a lossmaking in 2010 to profits of €27 million in 2016, combined with the financing of new investment initiatives. Both firms’ extroversion strategies have obviously contributed to their positive course. Carving profits on marble Marmara Pavlidis, which recently acquired a large marble company abroad, increased its earnings by almost 300% in 2016 compared to 2010, to more than €31 million. The firm supplies marble to building projects
from the US to Arab states and Far East countries, following suit of international companies, such as Italian marble monopolies. Correspondingly, FHL Kyriakides, another FHL business, also posted profits of € 27.7 million in 2016 from € 3.5 million in 2010, an increase of 696%! Gains posted by public utilities Some public utilities and publiclyowned companies also showed spectacular increases in profit. These companies include OTE, DEPA, EYDAP, Thessaloniki EAPAP, Thessaloniki Port Authority, Attica Gas Distribution Company, DEDIE and many others which significantly increased their profitability in 2016 compared to 2010. Foreign markets helped pharma profits Greek pharmaceutical companies, including Pharmathen, DEMO and ELPEN posted increased profits in both 2010 and 2016 mainly as a result of their enormous export efforts. During Greece’s economic crisis, several pharma companies invested heavily in their production upgrade, which in turn has allowed them to open up new markets and attract interest by foreign capital. Pharmathen is a typical example of a holding by a foreign fund. It is obvious that foreign markets have been the main source of profitability for Greek pharmaceutical companies. On the other hand, profits posted subsidiaries of multinational drug companies, including Novartis, Pfizer, Beiersdorf Hellas, Janssen Cilag, Merck, Abbott Laboratories, were significantly increased. Import companies have earned significant profits, since they controlled most of the public pharmaceutical spending, sting depending on expensive imported medicines.
Hidden Diamonds Companies that could be classified as “hidden diamonds” in Greece’s business life should include BIC Violex, a subsidiary of a foreign multinational that operates its own research lab in Greece. This company has seen its profit rise from around €12 million in 2010 to about €41 million in 2016. Notably, BIC innovations promoted around the world are being created in Greece.
››››››
high extroversion is ELVALHALCOR: the firm makes up to 92% of its total sales outside of Greece, with the domestic market accounting for only 8% of sales.
High profits on shelves Four supermarket chains (a multinational affiliate and three Greek firms) continued their profitable way through tough conditions during the crisis. These are: AB Vassilopoulos, Sklavenitis, Masoutis and Pente. Interestingly, the four retailers posted a rise in total profits from €105 million in 2010 to €220 million in 2016, amidst a war of supermarket offers. Other profitable retailers included Jumbo (earnings 2010: €102m, 2016: €117m), Dixons (Kotsovolos - loss 2010: €1.7m, 2016: profit €9.7m), Intersport Athletics and Praktiker.
Dynamic presence by the food industry Food and beverage industries that have shown remarkable performance include VIKOS Epirotic Bottling Industry, Selonda, Cri-Cri Dairy Industry, Nitsiakos Poultry Company, Eurimac pasta company, Nireus Aquaculture, Palirria Souliotis, Dodoni, Yiotis, ION, Papafilis Mills, Tsatsaronakis Manna Bakery, Barba Stathis and ALFA Koukoutaris. Earnings on 4 wheels Two German carmakers - Mercedes Benz Hellas and BMW Hellas - as well as General Motors (Opel), posted a marked improvement in their financial results in the years 2010 and 2016 from the automotive sector.
I 371 I
Pre-Tax Income 2016
Pre-Tax Income Change
Pre-Tax Income 2010
PETROLEUM PRODUCTS
7,681,580,000
5,992,446,000 -22.0
247,753,000
466,224,000
88.2
Company Name 1 HELLENIC PETROLEUM S.A.
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES FOR 2016 IN RELATION TO 2010 Turnover 2016
2018
Turnover 2010
DIAMONDS OF THE GREEK ECONOMY
Sector
2 MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.
PETROLEUM PRODUCTS
4,879,266,000
4,511,920,000
-7.5
126,621,000
392,804,000
210.2
3 GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A. (OPAP)
ENTERTAINMENT
4,937,530,000
1,152,655,000 -76.7
893,238,000
233,914,000
-73.8
5 PUBLIC POWER CORPORATION (PPC) S.A.
ENERGY
5,793,731,000
5,155,250,000 -11.0
726,150,000
200,042,000
-72.5
6 COSMOTE – MOBILE TELECOMMUNICATIONS S.A.
TELECOMUNICATIONS
1,706,136,000
1,121,907,000 -34.2
406,138,000
193,767,000
-52.3
7 INTERNATIONAL ATHENS AIRPORT S.A.
TRANSPORT COMPANIES
13.5
158,546,314
189,068,866
19.3
1,568,500,000 -27.7
8 HELLENIC TELECOMMUNICATIONS ORGANIZATION (OTE) S.A.
TELECOMUNICATIONS
9 ALPHA BANK S.A.
BANK
10 PUBLIC GAS CORPORATION OF GREECE S.A. (DEPA)
ENERGY
11 JUMBO S.A.
MISCELLANEOUS PRODUCTS
12 MYTILINEOS HOLDINGS S.A.
HOLDING COMPANIES
13 ALPHA BETA VASSILOPOULOS S.A.
SUPERMARKET
14 ΑΤΤΙΚΗ ODOS S.A.
SERVICES
15 KARELIA TOBACCO COMPANY INC.
356,543,019 2,169,800,000 _ 1,183,633,085 459,174,793
404,553,978
142,200,000
179,700,000
26.4
_
45,755,000
137,789,000
201.1
861,983,265 -27.2
93,737,524
125,948,944
34.4
19.9
110,322,844
117,112,566
6.2
2,227,636,000 550,508,516
_
1,382,873,000
_
-11,576,000
108,791,000
_
1,494,810,000
2,181,162,000
45.9
49,443,000
107,184,000
116.8
226,662,000
171,211,853 -24.5
70,555,000
103,204,827
46.3
TOBACCO PRODUCTS
433,029,000
646,740,000
34,840,000
88,290,000
153.4
16 ETHNIKI, HELLENIC GENERAL INSURANCE CO. S.A.
INSURANCE
446,034,000
0
-40,546,000
57,737,000
_
17 AEGEAN AIRLINES S.A.
AIRLINES
591,004,330
891,534,000
50.9
-18,679,250
50,018,000
_
18 HELLENIC GAS TRANSMISSION SYSTEM OPERATOR (DESFA) S.A.
ENERGY
214,958,000
169,652,000 -21.1
52,733,000
49,786,000
-5.6
19 Ι. & S. SKLAVENITIS S.A.
SUPERMARKET
17.4
30,650,000
44,167,000
44.1
1,191,253,000
1,398,357,000
49.4
PUBLIC ENTERPRISES 20 ATHENS WATER SUPPLY AND SEWERAGE COMPANY (EYDAP) S.A. & ORGANISATIONS
378,965,000
328,851,000 -13.2
29,828,000
41,324,000
38.5
21 BIC VIOLEX S.A.
MISCELLANEOUS PRODUCTS
129,296,115
202,645,697
56.7
11,778,623
40,717,372
245.7
22 MASOUTIS D. SUPERMARKET S.A.
SUPERMARKET
634,632,000
800,583,000
26.1
15,297,000
36,858,000
140.9
23 PAVLIDIS MARBLE-GRANITE S.A.
NON MINERAL
35,392,323
62,220,278
75.8
7,866,050
31,097,231
295.3
24 CH. ROKAS – ARCADIA METAL INDUSTRY S.A.
METAL PRODUCTS
19,721,000
53,269,000 170.1
9,011,000
31,056,000
244.6
25 PENTE S.A.
SUPERMARKET
413,504,471
519,061,137
25.5
9,550,908
30,298,760
217.2
26 METKA S.A.
METAL PRODUCTS
489,805,000
280,644,000 -42.7
98,255,000
28,667,000
-70.8
27 F.H.L. KYRIAKIDIS GROUP
NON MINERAL
51,386,832
28 TELEPERFORMANCE S.A. (DIAL-SERVICE 800)
SERVICES
59,025,905
29 PAPASTRATOS TOBACCO COMPANY S.A.
TOBACCO PRODUCTS
30 ELVAL HELLENIC ALUMINIUM INDUSTRY S.A.
METAL PRODUCTS
27.6
3,479,008
27,707,236
696.4
126,543,592 114.4
65,573,616
3,825,713
27,261,241
612.6
222,260,814
291,633,208
31.2
-7,872,475
27,143,508
_
151,807,395
771,012,877 407.9
886,153
27,055,670
2953.2
31 PIRAEUS INSURANCE AGENCY S.A.
INSURANCE
18,712,614
34,336,940
83.5
15,689,643
24,481,922
56.0
32 TEKAL S.A.
CONSTRUCTION COMPANIES
13,297,425
53,864,286 305.1
2,168,653
23,613,140
988.8
33 EUROBANK EFG FACTORS S.A.
SERVICES
25,224,286
27,346,742
8.4
20,722,644
23,097,148
11.5
34 IMERYS INDUSTRIAL MINERALS GREECE S.A.
NON MINERAL
98,948,000 -26.8
-5,470,000
22,766,000
_
135,238,000
35 TITAN CEMENT COMPANY S.A.
NON MINERAL
370,696,000
262,475,000 -29.2
39,361,000
22,706,000
-42.3
36 ALUMINIUM S.A. (absorbed by Mytilineos)
METAL WORKS
476,918,000
562,471,000
17.9
30,167,000
22,469,000
-25.5
37 CORAL S.A. (ex SHELL HELLAS S.A.)
PETROLEUM PRODUCTS
1,546,333,000 -19.5
-31,542,000
22,181,000
_
38 PLASTIKA KRITIS S.A.
PLASTICS - RUBBER
98,625,000
140,059,000
42.0
9,817,000
22,163,000
125.8
THESSALONIKI WATER SUPPLY & SEWERAGE COMPANY (EYATH) 39 S.A.
PUBLIC ENTERPRISES & ORGANISATIONS
71,182,000
73,278,000
2.9
20,887,000
21,568,000
3.3
40 AUTOHELLAS (HERTZ) S.A.
CAR RENTAL
144,519,773
161,432,358
11.7
24,823,859
21,345,786
-14.0
41 THESSALONIKI PORT AUTHORITY S.A.
SERVICES
49,617,466
48,061,529
-3.1
9,288,754
21,081,796
127.0
42 MINOAN LINES S.A.
TRANSPORT COMPANIES
169,232,341
149,864,000 -11.4
-34,214,488
20,830,000
_
43 EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A.
INSURANCE
130,729,000
167,685,000
28.3
3,885,000
20,616,000
430.7
44 AXA INSURANCE S.A.
INSURANCE
82,022,000
147,726,000
80.1
-83,019,000
20,080,000
_
45 TEMES S.A.
HOTELS
12,214,528
42,726,125 249.8
-28,881,046
20,001,306
_
46 OLYMPIC S.A. (AVIS)
CAR RENTAL
237,923,000
163,191,000 -31.4
17,229,000
19,354,000
12.3
I 372 I
1,920,748,000
In green color are the companies which posted IMPROVED FINANCIAL RESULTS in 2016 compared to 2010
Pre-Tax Income Change
Pre-Tax Income 2016
Pre-Tax Income 2010
Turnover Change
Turnover 2016
Sector
Turnover 2010
Company Name
SOURCE: NEW TIMES
47 TERNA ENERGY S.A.
CONSTRUCTION COMPANIES
51,126,000
107,433,000 110.1
12,612,000
18,726,000
48.5
48 DEMO S.A.
PHARMACEUTICALS DETERGENTS
95,174,510
136,328,806
43.2
-6,381,449
17,883,633
_
189,650,629
194,761,433
2.7
5,401,646
17,046,340
215.6
156,977,370
129,999,910 -17.2
18,126,873
16,299,802
-10.1
92,817,635
140,243,961
51.1
-3,055,657
15,108,885
_
82,439,215
101,632,517
23.3
1,679,923
15,063,851
796.7
56,850,867 -65.0
2,861,948
15,001,491
424.2
49 BP OIL HELLENIC S.A. 50 L’OREAL HELLAS S.A. 51 GR. SARANTIS S.A.
PETROLEUM PRODUCTS PHARMACEUTICALS COSMETICS PHARMACEUTICALS DETERGENTS
52 AGROINVEST S.A.
FOOD PRODUCTS
53 ATTIKI GAS SUPPLY CO. S.A.
ENERGY
162,303,769
54 PPC RENEWABLES S.A..
ENERGY
24,933,910
30,813,956
23.6
12,243,644
14,862,386
21.4
55 EPIROTIKI BOTTLING CO. “VIKOS” S.A.
BEVERAGES - SPIRITS
69,005,653
67,721,356
-1.9
7,611,954
14,555,166
91.2
56 PUBLIC PROPERTIES COMPANY S.A.
PUBLIC ENTERPRISES & ORGANISATIONS
40,665,792
46,590,214
14.6
-224,157,652
14,398,360
_
57 PYLAIA S.A.
REAL ESTATE
21,797,793
21,840,000
0.2
10,426,392
14,340,000
37.5
58 ABC FACTORS S.A.
AIRLINES
17,844,366
19,110,421
7.1
13,089,176
14,187,113
8.4
59 BIOMED S.A.
MEDICAL SERVICES
87,942,587
89,385,697
1.6
21,277,076
14,120,222
-33.6
_
2,019,842,000
_
-4,000
13,845,000
_
METAL PRODUCTS
142,674,156
210,694,839
47.7
1,011,614
13,771,308
1261.3
BEVERAGES - SPIRITS
440,794,375
321,628,672 -27.0
78,785,432
13,397,576
-83.0
416,754,303
329,493,783 -20.9
-11,725,024
13,395,765
_
322,017,226
228,865,965 -28.9
18,982,016
12,974,854
-31.6
60
HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR (HEDNO) S.A.
61 CORINTH PIPEWORKS S.A. 62 ATHENIAN BREWERY S.A. 63 NOVARTIS HELLAS S.A. 64 VIANEX S.A. 65 PHARMATHEN S.A.
ENERGY
PHARMACEUTICALS COSMETICS PHARMACEUTICALS DETERGENTS PHARMACEUTICALS DETERGENTS
98,665,955
156,460,711
58.6
9,890,664
12,755,137
29.0
66 SELONDA AQUACULTURE S.A.
FOOD PRODUCTS
93,048,668
169,957,246
82.7
207,750
12,561,581
5946.5
67 D. KORONAKIS S.A.
MISCELLANEOUS PRODUCTS
24,088,237
41,747,457
73.3
5,886,490
12,554,491
113.3
68 PFIZER HELLAS S.A.
PHARMACEUTICALS COSMETICS
484,503,569
238,727,450 -50.7
-19,935,839
12,517,772
_
69 METRO S.A.
SUPERMARKET
676,659,488
-26.7
70 LAMDA DOMI S.A.
REAL ESTATE
71 GERMANOS S.A.
MOBILE TELEPHONY
72 ATTICA DEPARTMENT STORE S.A.
CLOTHING - FOOTWEAR
90,827,919
166,978,943
73 LARSINOS S.A.
NON MINERAL
50,859,927
74 INTERCOMM FOODS S.A.
FOOD PRODUCTS
75 SOYA HELLAS S.A.
FOOD PRODUCTS
76 PIRAEUS PORT AUTHORITY S.A. (OLP)
SERVICES
116,720,754
77 KARATZIS INDUSTRIAL AND HOTEL ENTERPRISES S.A.
TEXTILES
43,696,000
65,853,000 155,368,657
1,104,487,875
63.2
16,979,805
12,446,485
20,550,000
2.1
-4,622,084
12,240,000
_
304,875,000 -47.7
881,000
12,143,000
1278.3
83.8
3,634,189
11,605,470
219.3
80,263,724
57.8
4,782,583
11,478,423
140.0
45,817,932
81,316,554
77.5
910,950
11,247,655
1134.7
245,745,297
251,713,412
2.4
7,297,091
11,071,375
51.7
103,496,607 -11.3
11,233,595
11,039,463
-1.7
50.7
4,439,000
11,024,000
148.3
27.9
389,143
11,008,133
2728.8
20,133,652 583,372,000
78 CHALKIADAKIS S.A.
SUPERMARKET
121,431,054
79 GENESIS PHARMA S.A.
PHARMACEUTICALS COSMETICS
218,994,696
99,417,735 -54.6
-22,114,461
10,963,048
_
80 PELOPONNESE WIND POWER S.A.
ENERGY
5,128,950
25,110,000 389.6
-413,887
10,770,000
_
81 ACS S.A.
SERVICES
85,365,000
89,993,000
5.4
4,650,000
10,754,000
131.3
82 OPTIMA S.A.
FOOD PRODUCTS
106,674,551
127,499,494
19.5
5,681,334
10,083,350
77.5
83 E. I. PAPADOPOULOS S.A.
FOOD PRODUCTS
112,579,992
142,716,377
26.8
13,082,557
10,013,763
-23.5
84 ARGO S.A.
PLASTICS - RUBBER
19,679,891
28,723,242
46.0
1,584,612
9,830,674
520.4
85 PAVLOS N. PETTAS S.A.
FOOD PRODUCTS
112,933,663
134,459,868
19.1
9,047,593
9,818,462
8.5
86 DSGI SOUTH-EAST EUROPE S.A.
ELECTRICAL APPLIANCES
461,325,130
407,877,709 -11.6
8,184,621
9,704,157
18.6
87 TOYOTA HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
322,287,439
170,144,168 -47.2
17,824,935
9,583,643
-46.2
I 373 I
88 INTRALOT S.A.
INFORMATION TECHNOLOGY
163,545,000
89 ELPEN PHARMACEUTICAL CO. INC. S.A.
PHARMACEUTICALS DETERGENTS
118,938,094
90 LAMDA OLYMPIA VILLAGE S.A.
REAL ESTATE
91 MEDIPRIME S.A.
65,547,000 -59.9
Pre-Tax Income Change
Pre-Tax Income 2016
Sector
Pre-Tax Income 2010
Company Name
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES FOR 2016 IN RELATION TO 2010 Turnover 2016
2018
Turnover 2010
DIAMONDS OF THE GREEK ECONOMY
11,258,000
9,410,000
-16.4
5.3
8,217,291
9,297,610
13.1
37,440,837
32,233,353 -13.9
-28,357,702
9,075,562
_
SCIENTIFIC & MEDICAL DEVICES
24,967,861
28,970,887
16.0
4,898,357
8,998,720
83.7
92 THESSALONIKI TECHNICAL WORKS COMPANY S.A. (ETETH)
CONSTRUCTION COMPANIES
16,107,000
28,137,000
74.7
-3,823,000
8,974,000
_
93 VIVECHROM DR ST. D. PATERAS S.A.
CHEMICAL PRODUCTS
58,769,960
51,534,896 -12.3
10,868,162
8,936,067
-17.8
94 SPECIFAR S.A.
PHARMACEUTICALS DETERGENTS
82,856,750
64,861,658 -21.7
15,679,370
8,452,314
-46.1
95 OTE INTERNATIONAL SOLUTIONS S.A.
TELECOMUNICATIONS
237,643,804
341,119,947
43.5
4,836,752
8,285,483
71.3
96 HELLENIC DOUGH – ARABATZIS S.A.
FOOD PRODUCTS
46,952,091
67,179,000
43.1
6,443,848
8,258,000
28.2
97 GLAROS PAPER INDUSTRY S.A.
PAPER
14,706,550
27,009,030
83.7
3,361,820
8,201,397
144.0
98 FLEXOPACK S.A.
PLASTICS - RUBBER
44,838,000
67,416,000
50.4
3,674,000
8,175,000
122.5
99 KRI KRI MILK INDUSTRY S.A.
FOOD PRODUCTS
125,204,191
45,718,800
66,570,168
45.6
3,120,801
8,161,529
161.5
100 ELAIS-UNILEVER HELLAS S.A.
PHARMACEUTICALS COSMETICS
385,832,087
400,950,309
3.9
9,024,245
8,090,717
-10.3
101 TH. NITSIAKOS S.A.
FOOD PRODUCTS
118,806,138
301,470,991 153.8
311,074
8,038,957
2484.3
102 MERCEDES-BENZ HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
158,802,733
163,415,832
2.9
-17,342,505
7,990,868
_
103 HELLENIC POST (ELTA) S.A.
SERVICES
521,113,000
311,754,000 -40.2
3,201,000
7,947,000
148.3
104 PIRAEUS INSURANCE & REINSURANCE BROKERAGE S.A.
INSURANCE
9,497,326
8,031,616 -15.4
4,894,909
7,924,944
61.9
105 HENKEL HELLAS SA.
PHARMACEUTICALS DETERGENTS
57,392,310
96,930,810
68.9
1,984,060
7,922,550
299.3
106 H. B. BODY S.A.
CHEMICAL PRODUCTS
39,377,036
36,207,263
-8.0
6,578,502
7,895,624
20.0
107 AEGEAN MOTORWAY S.A.
CONSTRUCTION COMPANIES
41,360,217
158,022,176 282.1
-507,270
7,785,819
_
108 IBM HELLAS S.A.
OFFICE DEVICES
99,094,000
82,887,000 -16.4
11,098,000
7,743,000
-30.2
109 BIOMAR HELLENIC S.A.
FOOD PRODUCTS
45,684,509
64,429,985
41.0
898,691
7,717,463
758.7
110 HELLENIC DAIRY-FARMS S.A.
FOOD PRODUCTS
127,365,033
224,952,645
76.6
9,858,378
7,632,927
-22.6
111 ROLEX HELLAS S.A.
MISCELLANEOUS PRODUCTS
28,029,390
50,028,704
78.5
978,261
7,489,539
665.6
112 JOHNSON & JOHNSON HELLAS S.A.
PHARMACEUTICALS DETERGENTS
174,113,884
103,770,523 -40.4
-31,157,581
7,378,764
_
113 FOURLIS HOLDINGS S.A.
HOLDING COMPANIES
0
-
7,925,000
7,243,000
-8.6
114 B&F COMMERCIAL & GARMENT INDUSTRIES S.A.
CLOTHING
30,764,668
62,805,612 104.1
-1,112,076
7,116,245
_
115 MEDITERRANEAN SHIPPING COMPANY HELLAS S.A.
SERVICES
47,985,950
57,202,974
19.2
7,709,773
6,985,544
-9.4
116 NEWREST HELLAS S.A.
FOOD PRODUCTS
39,176,210
43,183,920
10.2
2,612,619
6,907,371
164.4
117 COOPER PHARMACEUTICALS S.A.
PHARMACEUTICALS DETERGENTS
25,803,921 230.6
-40,277
6,773,885
_
118 EURIMAC S.A.
FOOD PRODUCTS
3,195,012
6,757,832
111.5
7,805,185 18,797,852
3,965,000
36,501,919
94.2
119 COSMOTE Ε-VALUE S.A.
SERVICES
16,901,000
78,708,000 365.7
430,000
6,736,000
1466.5
120 BALAKANAKIS BROS S.A.
FOOD PRODUCTS
36,378,221
47,545,872
30.7
1,155,656
6,711,298
480.7
121 LUXOTTICA HELLAS S.A.
MISCELLANEOUS PRODUCTS
35,040,534
27,126,516 -22.6
8,700,185
6,637,308
-23.7
122 TASTY FOODS S.A.
FOOD PRODUCTS
126,536,452
98,892,080 -21.8
8,332,284
6,632,162
-20.4
123 FIBRAN D. ANASTASIADIS S.A.
PLASTICS - RUBBER
124 PLAISIO COMPUTERS S.A.
OFFICE DEVICES
125 INTERBANKING SYSTEMS “DIAS” S.A.
FINANCIAL SERVICES
126 NIREUS AQUACULTURE S.A.
FOOD PRODUCTS
127 ATTIKES DIADROMES S.A.
SERVICES
128 NOKIA SOLUTIONS & NETWORKS HELLAS S.A.
ELECTRICAL SUPPLIES
129 GREGORY’S MICROMEALS – GEORGATOS S.A.
FOOD PRODUCTS
130 HELLENIC SEAWAYS S.A.
TRANSPORT COMPANIES
131 MOUSTAKAS G.N. S.A.
MISCELLANEOUS PRODUCTS
I 374 I
35,436,634 354,231,000
3.9
1,823,854
6,605,695
262.2
279,020,000 -21.2
36,830,346
5,244,000
6,548,000
24.9
9,635,222
13,625,959
41.4
4,089,336
6,516,397
59.4
185,179,760
175,043,934
-5.5
-39,275,501
6,509,000
_
47,765,609 -22.4
19,287,153
6,439,569
-66.6
123,108,564
61,523,860
112,535,038
-8.6
-1,266,883
6,411,417
_
35,219,831
40,290,685
14.4
-1,180,554
6,401,042
_
134,837,000
131,542,000
-2.4
-16,969,000
6,392,000
_
52,085,093 132.9
1,025,979
6,320,240
516.0
22,362,953
In green color are the companies which posted IMPROVED FINANCIAL RESULTS in 2016 compared to 2010
52.5
3,146,985
6,295,638
100.1
133 HEWLETT PACKARD HELLAS Ltd.
OFFICE DEVICES
54,487,975
43,442,256 -20.3
1,871,099
6,262,311
234.7
134 GENERAL MOTORS HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
153,811,735
97,752,591 -36.4
-1,271,781
6,252,173
_
71,686,156
0.3
6,820,485
6,228,171
-8.7
122,375,305
105,664,275 -13.7
-10,077,121
6,225,662
_
13,838,609
9,880,000 -28.6
1,650,162
6,220,000
276.9
1,609,050
6,212,226
286.1
2,439,000
6,192,000
153.9
242,286
6,170,559
2446.8
135 BARILLA HELLAS S.A. (ex MISKO S.A.)
FOOD PRODUCTS
136 JANSSEN - CILAG PHARMACEUTICALS S.A.
PHARMACEUTICALS COSMETICS
137 UPSTREAM S.A.
INFORMATION TECHNOLOGY
138 SMIRDEX S.A.
NON MINERAL
139 HERON THERMOELECTRIC S.A.
71,494,300
65.9
Pre-Tax Income Change
31,385,701
Pre-Tax Income 2016
20,578,811
132 ALCHIMICA S.A.
Sector
Pre-Tax Income 2010
Turnover 2016
CHEMICAL PRODUCTS
Company Name
Turnover Change
Turnover 2010
SOURCE: NEW TIMES
9,472,488
15,714,603
ENERGY
15,172,000
193,725,000
140 FREZYDERM S.A.
PHARMACEUTICALS DETERGENTS
18,319,957
141 ZARA HELLAS S.A.
CLOTHING - FOOTWEAR
205,554,940
224,084,519
9.0
1,527,066
6,050,474
296.2
142 SEKA BUNKERING STATIONS S.A.
PETROLEUM PRODUCTS
171,553,574
113,084,952 -34.1
4,070,382
5,860,076
44.0
143 DIAXON S.A.
PLASTICS - RUBBER
144 THASSOS MARBLE D.N. HARITOPOULOS S.A.
NON MINERAL
145 PALIRRIA SOULIOTIS S.A.
39,806,527 117.3
15,109,000
15,558,000
3.0
3,809,000
5,851,000
53.6
5,666,529
9,412,714
66.1
3,371,576
5,850,845
73.5
FOOD PRODUCTS
20,553,642
39,026,967
89.9
444,432
5,757,551
1195.5
146 LAMPSA HELLENIC HOTELS S.A.
HOTELS
26,892,000
42,072,000
56.4
-3,212,000
5,751,000
_
147 MONOTEZ S.A.
PLASTICS - RUBBER
62,129,536
68,817,912
10.8
1,570,460
5,717,862
264.1
148 MULTY FOAM S.A.
PLASTICS - RUBBER
24,532,235
25,247,479
2.9
4,152,151
5,692,639
37.1
149 MELISSA KIKIZAS FOOD PRODUCTS S.A.
FOOD PRODUCTS
70,035,787
56,729,890 -19.0
8,237,567
5,685,483
-31.0
150 KAFEA S.A.
FOOD PRODUCTS
37,358,120
39,830,000
6.6
7,603,823
5,680,000
-25.3
151 DODONI S.A.
FOOD PRODUCTS
103,882,000
100,449,092
-3.3
3,536,000
5,616,564
58.8
152 MEGARA RESINS - FANIS ANASTASSIOS S.A.
CHEMICAL PRODUCTS
21,784,676
42,828,712
96.6
3,187,140
5,543,457
73.9
153 NESTLE HELLAS S.A.
FOOD PRODUCTS
350,066,649
372,881,521
6.5
43,781,364
5,506,909
-87.4
154 “OLYMP” KONSTANTOPOULOS S.A.
FOOD PRODUCTS
26,466,571
37,810,000
42.9
1,795,126
5,340,000
197.5
83,187,000 -22.9
155 ALLIANZ HELLAS INSURANCE COMPANY S.A.
INSURANCE
18,782,000
5,315,000
-71.7
156 GIOTIS S.A.
FOOD PRODUCTS
71,431,823
72,984,750
2.2
4,763,040
5,305,075
11.4
157 ATHENS STOCK EXCHANGE S.A.
AIRLINES
28,630,000
14,151,000 -50.6
17,929,000
5,293,000
-70.5
158 HELLENIC EXCHANGES S.A.
HOLDING COMPANIES
30,443,000
14,151,000 -53.5
32,939,000
5,293,000
-83.9
159 SYSTEMS SUNLIGHT S.A.
ELECTRICAL SUPPLIES
116,200,283
168,434,865
45.0
-6,579,671
5,270,973
_
160 KONKAT S.A.
CONSTRUCTION COMPANIES
17,174,354
17,932,602
4.4
-1,440,697
5,263,708
_
161 INTERSPORT ATHLETICS S.A.
CLOTHING - FOOTWEAR
63,062,759
90,828,000
44.0
3,574,940
5,259,000
47.1
162 IMPERIAL TOBACCO HELLAS S.A.
TOBACCO PRODUCTS
79,550,313
67,204,247 -15.5
5,979,500
5,230,388
-12.5
163 ΧΑΤΖΗΛΑΖΑΡΟΥ Ι. S.A.
HOTELS
11,177,457
18,032,705
61.3
1,693,308
5,185,168
206.2
164 ALTEC INTEGRATION S.A.
OFFICE DEVICES
786,265 -69.0
-11,765,380
5,182,870
_
165 ELINOIL S.A.
PETROLEUM PRODUCTS
55.2
3,043,000
5,165,196
69.7
107,827,000
2,533,885 828,258,000
1,285,376,895
166 MEGA DISPOSABLES S.A.
PAPER
70,648,529
148,577,699 110.3
1,443,835
5,092,192
252.7
167 BOLTON HELLAS S.A.
PHARMACEUTICALS DETERGENTS
66,808,014
31,356,181 -53.1
5,988,337
5,089,252
-15.0
168 OLYMPIC CATERING S.A.
FOOD PRODUCTS
51,489,000
30,010,000 -41.7
-22,485,000
5,072,000
_
169 ENVIRONMENTAL PROTECTION ENGINEERING S.A.
CONSTRUCTION COMPANIES
13,359,990
29,120,423 118.0
61,382
5,066,865
8154.6
170 ATTICA TERRA FOOD AND DRINKS S.A.
FOOD PRODUCTS
14,008,728
23,210,348
65.7
3,357,411
5,029,217
49.8
171 GOLDAIR HANDLING S.A.
TRANSPORT COMPANIES
37,598,931
59,030,000
57.0
146,277
4,950,000
3284.0
57,793,973
26,954,988 -53.4
1,433,472
4,942,909
244.8
85,930,095
67,711,921 -21.2
15,556,181
4,941,734
-68.2
172 LUNDBECK HELLAS S.A. 173 RECKITT BENCKISER HELLAS CHEMICALS S.A.
PHARMACEUTICALS COSMETICS PHARMACEUTICALS DETERGENTS
174 GYALOU S.A.
REAL ESTATE
175 ATLAS TAPES S.A.
PLASTICS - RUBBER
_
6,306,989
_
-370,398
4,937,329
_
39,975,077
70,194,777
75.6
-772,136
4,906,407
_
I 375 I
176 ION COCOA & CHOCOLATE MANUFACTURERS S.A.
FOOD PRODUCTS
103,955,183
107,885,229
3.8
62,790,000
2,946,103
Pre-Tax Income Change
Pre-Tax Income 2016
Sector
Pre-Tax Income 2010
Company Name
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES FOR 2016 IN RELATION TO 2010 Turnover 2016
2018
Turnover 2010
DIAMONDS OF THE GREEK ECONOMY
4,901,039
66.4
177 AMVYX S.A.
BEVERAGES - SPIRITS
42,897,161
46.4
199,700
4,870,000
2338.7
178 H & M HENNES & MAURITZ S.A.
CLOTHING - FOOTWEAR
57,731,922
157,497,549 172.8
-1,686,293
4,778,076
_
179 ARIVIA S.A.
FOOD PRODUCTS
103,404,632
37,943,442 -63.3
1,352,208
4,769,297
252.7
180 HERMES S.A.
PETROLEUM PRODUCTS
311,828,000
53.9
-322,000
4,766,000
_
43,252,136 -22.2
1,427,475
4,750,402
232.8
-17,896,687
4,734,120
_
181 BEIERSDORF HELLAS S.A. 182 BMW HELLAS S.A.
PHARMACEUTICALS COSMETICS TRANSPORTATION MEANS & SPARE PARTS
55,619,489 98,149,312
480,037,000
142,494,282
45.2
183 HELLENIC JUICES S.A.
BEVERAGES - SPIRITS
10,312,324
24,672,112 139.2
1,054,970
4,695,779
345.1
184 KAMARIDIS GLOBAL WIRE S.A.
METAL PRODUCTS
33,423,836
41,145,059
23.1
4,483,881
4,695,194
4.7
FINANCIAL SERVICES
17,936,335
40,400,000 125.2
1,428,181
4,680,000
227.7
186 DEAS S.A.
FOOD PRODUCTS
23,930,685
39,520,000
65.1
584,830
4,670,000
698.5
187 ELVIAL S.A.
METAL WORKS
34,455,911
55,914,882
62.3
1,548,759
4,661,991
201.0
188 PHARMASERVE – LILLY S.A.
PHARMACEUTICALS COSMETICS
84,479,942 -56.0
9,044,810
4,641,676
-48.7
189 LOULIS MILLS S.A.
FOOD PRODUCTS
77,578,616
96,536,741
24.4
6,705,668
4,586,228
-31.6
190 YARA HELLAS S.A.
CHEMICALS - PAINTS
67,823,759
82,710,000
21.9
3,462,643
4,570,000
32.0
191 PAPAFILIS MILLS S.A.
FOOD PRODUCTS
31,094,761
38,571,129
24.0
3,807,928
4,569,837
20.0
192 ESPERIA GROUP S.A.
HOTELS
25,180,961
29,951,679
18.9
-3,418,382
4,556,328
_
193 BIOKOSMOS S.A.
SCIENTIFIC & MEDICAL DEVICES
10,949,202
11,726,463
7.1
211,954
4,548,001
2045.7
194 MERCK SHARP & DOHME S.A.
PHARMACEUTICALS COSMETICS
145,182,678
162,823,683
12.2
-26,165,185
4,534,441
_
195 CARAVEL HOTELS S.A.
HOTELS
27,411,194
30,667,059
11.9
769,240
4,498,803
484.8
196 FRIGO STAHL S.A.
CONSTRUCTION COMPANIES
35,200,000
43.3
4,197,618
4,480,000
6.7
197 EKO CALYPSO SOLE SHAREHOLDER CO. LTD.
PETROLEUM PRODUCTS
101,222,000
312,569,000 208.8
423,000
4,444,000
950.6
198 ABBOTT LABORATORIES HELLAS S.A.
PHARMACEUTICALS COSMETICS
182,981,447
40,139,525 -78.1
-30,095,947
4,414,595
_
185
ERNST & YOUNG (HELLAS) CERTIFIED AUDITORS ACCOUNTANTS S.A.
192,157,846
24,567,742
199 YALCO - S.D. CONSTANTINOU & SON S.A.
ELECTRICAL APPLIANCES
37,568,509
17,168,304 -54.3
-11,096,101
4,381,846
_
200 ASTIR VITOGIANNIS BROS S.A.
METAL PRODUCTS
12,698,915
20,301,040
59.9
80,767
4,366,687
5306.5
201 ANTIPOLLUTION S.A.
SERVICES
10,873,876
14,883,835
36.9
3,463,301
4,352,668
25.7
202 “THE MANNA” BAKERY, N. TSATSARONAKIS S.A.
FOOD PRODUCTS
10,442,869
10,788,809
3.3
2,938,661
4,239,457
44.3
203,487,347
196,630,000
203 SOYA MILLS S.A.
FOOD PRODUCTS
204 PRICEWATERHOUSECOOPERS BUSINESS SOLUTIONS S.A.
FINANCIAL SERVICES
5,229,971
205 HEMPEL COATINGS (HELLAS) S.A.
CHEMICALS - PAINTS
27,142,586
206 PRAKTIKER HELLAS S.A.
FURNITURE - RUGS - LIGHTING
207 KPMG ADVISORS S.A.
SERVICES
12,443,378
15,950,000
208 VITAFARM - PHARMACEUTICAL CENTRE S.A.
PHARMACEUTICALS COSMETICS
100,425,310
209 VRICO S.A.
METALLIC PRODUCTS
210 BARBA STATHIS S.A. 211 PROMETAL S.A.
-3.4
5,864,190
4,210,000
-28.2
32,730,000 525.8
-1,519,810
4,200,000
_
29,238,932
7.7
1,399,684
4,184,842
199.0
177,529,780 -31.2
20,162,601
4,164,870
-79.3
28.2
2,080,932
4,160,000
99.9
140,109,706
39.5
5,727,804
4,109,710
-28.2
21,417,924
30,069,491
40.4
1,103,757
4,095,205
271.0
FOOD PRODUCTS
45,249,000
86,521,000
91.2
-8,760,000
4,086,000
_
METALLIC PRODUCTS
32,568,271
69,210,696 112.5
2,754,649
4,069,374
47.7
212 ALPHA ASTIKA AKINITA S.A.
REAL ESTATE
11,846,186
10,282,980 -13.2
4,452,931
4,028,781
-9.5
213 TOMI S.A.
CONSTRUCTION COMPANIES
24,060,969
38,040,350
58.1
-3,535,620
4,022,252
_
IFET - INSTITUTE OF PHARMACEUTICAL RESEARCH & 214 TECHNOLOGY S.A.
PHARMACEUTICALS COSMETICS
22,891,305
50,512,094 120.7
-921,361
3,979,651
_
215 IONIAN HOLDINGS S.A.
HOLDING COMPANIES
4,305,746
-5.9
4,215,603
3,971,349
-5.8
216 MERMEREN KOMBINAT AD PRILEP
NON MINERAL
19,809,589
16,638,331 -16.0
9,316,387
3,946,602
-57.6
217 SECAVIN BUNKERING STATIONS S.A.
PETROLEUM PRODUCTS
142,989,013
79,529,452 -44.4
3,609,443
3,908,845
8.3
218 ELECTRA S.A.
HOTELS
1,876,741
3,845,053
104.9
I 376 I
258,023,669
7,632,377
4,053,802
9,947,534
30.3
In green color are the companies which posted IMPROVED FINANCIAL RESULTS in 2016 compared to 2010
31,893,307
22.9
501,267
3,804,623
659.0
220 EXTRACO S.A.
CHEMICALS - PAINTS
14,663,080
19,115,691
30.4
1,279,600
3,798,357
196.8
221 BEAL S.A.
ENERGY
13,610,069
16,439,760
20.8
6,078,782
3,777,580
-37.9
222 ALFA AGRICULTURAL SUPPLIES S.A.
CHEMICALS - PAINTS
29,625,965
45,340,000
53.0
997,914
3,740,000
274.8
223 NBG ASSET MANAGEMENT S.A.
FINANCIAL SERVICES
23,402,531
11,400,553 -51.3
5,450,121
3,731,232
-31.5
224 THRACE PLASTICS PACK S.A.
PLASTICS - RUBBER
32,728,168
46,140,000
41.0
-4,407,887
3,710,000
_
225 XEROX HELLAS S.A.
OFFICE DEVICES
44,448,263
28,510,000 -35.9
4,687,151
3,690,000
-21.3
226 EXPRESS PUBLISHING S.A.
PUBLICATIONS - PRINTING
19,732,282
25,677,824
30.1
1,450,534
3,689,723
154.4
227 GAVRIEL DEM. & CO. LTD
CHEMICALS - PAINTS
18,062,479
29,699,950
64.4
411,011
3,679,736
795.3
228 HONDOS ATINI S.A.
PHARMACEUTICALS COSMETICS
70,849,607
52,492,269 -25.9
3,309,208
3,646,349
10.2
229 ELGEKA S.A.
FOOD PRODUCTS
131,123,000
54,323,000 -58.6
-1,508,000
3,616,000
_
230 KARALIS S.A.
FOOD PRODUCTS
18,648,216
201,761
3,610,955
1689.7
231 IOAKIMIDIS G. S.A.
CLOTHING - FOOTWEAR
232 MICROSOFT HELLAS S.A.
INFORMATION TECHNOLOGY
233 TRAINOSE S.A.
TRANSPORT COMPANIES
234 ANDRIKOPOULOS S.A.
SUPERMARKET
235 “ALFA” KOUKOUTARIS Α. S.A. 236 AGRIFREDA S.A. 237 HELLENICA S.A.
PHARMACEUTICALS DETERGENTS
238 TORRE E. GLATZOUNIS S.A. 239 IRIDA S.A. ΙΡΙΔΑ AE
4,573,024 32,176,373 102,691,916
29,700,674
59.3
17,758,044 288.3
Pre-Tax Income Change
25,960,845
Pre-Tax Income 2016
MISCELLANEOUS PRODUCTS
Sector
Pre-Tax Income 2010
Turnover 2016
219 PET CITY S.A.
Company Name
Turnover Change
Turnover 2010
SOURCE: NEW TIMES
698,524
3,606,716
416.3
-0.9
5,002,676
3,590,000
-28.2
60,828,116 -40.8
-187,302,790
3,587,069
_
3,540,000
_
31,900,000
_
52,360,000
_
FOOD PRODUCTS
18,251,807
29,007,000
FOOD PRODUCTS
8,467,917
58.9
2,375,766
3,514,267
47.9
25,886,879 205.7
164,802
3,509,624
2029.6
29,242,295
33,773,800
15.5
233,884
3,501,547
1397.1
FOOD PRODUCTS
17,557,285
22,796,965
29.8
1,496,637
3,497,151
133.7
FOOD PRODUCTS
33,418,838
57,160,000
71.0
2,558,925
3,490,000
36.4
240 (ATTICA MEATS) VOUDOURIS – KONSTAS S.A.
FOOD PRODUCTS
122,119,624
96,760,103 -20.8
6,712,229
3,472,544
-48.3
241 MYRTEA S.A.
PETROLEUM PRODUCTS
247,818,000
-811,000
3,465,000
_
248,457,000
0.3
242 VENETIS S.A.
FOOD PRODUCTS
15,596,738
31,873,000 104.4
379,626
3,463,000
812.2
243 AS COMPANY S.A.
MISCELLANEOUS PRODUCTS
20,976,334
25,109,787
19.7
953,435
3,422,852
259.0
244 SCA HYGIENE PRODUCTS S.A.
PHARMACEUTICALS COSMETICS
57,294,161
40,767,710 -28.8
1,159,573
3,401,439
193.3
245 DANAIS S.A.
FOOD PRODUCTS
16,986,953
23,660,482
39.3
432,615
3,378,931
681.0
246 PIONEER HI-BRED HELLAS S.A.
MISCELLANEOUS PRODUCTS
20,263,719
30,493,923
50.5
587,206
3,361,116
472.4
247 TUPPERWARE HELLAS S.A.
PLASTICS - RUBBER
39,719,928
38,369,388
-3.4
3,690,566
3,355,665
-9.1
248 CROWN HELLAS CAN PACKAGING MANUFACTURERS S.A.
METAL PRODUCTS
134,268,000
153,041,731
14.0
10,851,000
3,336,952
-69.2
249 ATHENS MEDICAL CENTRE S.A.
MEDICAL SERVICES
220,417,341
162,676,475 -26.2
-5,581,495
3,336,090
_
250 HOSPITAL LINE S.A.
SCIENTIFIC & MEDICAL DEVICES
17,314,691
12,801,133 -26.1
689,332
3,328,251
382.8
251 S. & E. & A. METAXA S.A.
BEVERAGES - SPIRITS
27,677,403
23,091,941 -16.6
7,165,573
3,311,412
-53.8
252 THEODOROU AUTOMATION SAICT
MACHINERY
9,490,493
18,106,376
90.8
1,335,005
3,304,833
147.6
253 ISOMAT S.A.
CHEMICAL PRODUCTS
32,761,972
42,590,172
30.0
5,171,128
3,296,449
-36.3
254 CHITOS S.A..
BEVERAGES - SPIRITS
45,166,940
43,517,568
-3.7
5,667,165
3,288,363
-42.0
255 ALPHA ASSET MANAGEMENT S.A.
SERVICES
23,474,106
16,633,795 -29.1
3,747,457
3,256,977
-13.1
256 HOUSE MARKET S.A.
FURNITURE - RUGS - LIGHTING
279,611,893
200,312,000 -28.4
21,708,181
3,238,000
-85.1
257 SARKK S.A.
CLOTHING - FOOTWEAR
26,740,281
27,332,097
2.2
1,410,093
3,214,056
127.9
258 GATTEGNO, DANIEL S., & SON S.A.
FOOD PRODUCTS
16,427,021
25,511,875
55.3
1,594,605
3,202,793
100.9
259 ASEA BROWN BOVERI S.A.
ELECTRICAL SUPPLIES
92,489,614
86,562,175
-6.4
1,199,313
3,200,815
166.9
260 IAPONIKI S.A.
TRANSPORTATION MEANS & SPARE PARTS
22,576,530
42,918,637
90.1
99,067
3,199,291
3129.4
261 ENERGEIAKI SERVOUNIOU S.A.
ENERGY
4,581,000
5,287,000
15.4
1,721,000
3,186,000
85.1
262 KAFKAS S.A.
ELECTRICAL SUPPLIES
75,596,756
122,400,000
61.9
765,568
3,180,000
315.4
263 AVIN OIL S.A.
PETROLEUM PRODUCTS
1,128,851,000
1,119,511,000
-0.8
502,000
3,156,000
528.7
I 377 I
36,579,326
SCIENTIFIC & MEDICAL DEVICES
265 GLOBAL FINANCE S.A.
FINANCIAL SERVICES
8,423,566
266 SCHUR FLEXIBLES ABR S.A.
PLASTICS - RUBBER
33,015,593
43,772,108
267 A. HATZOPOULOS S.A.
PUBLICATIONS - PRINTING
65,094,625
67,351,062
268 MAKIOS S.A.
TRANSPORT COMPANIES
27,261,986
269 PULL AND BEAR S.A.
CLOTHING - FOOTWEAR
270 BLUE STAR FERRIES MARITIME S.A.
TRANSPORT COMPANIES
271 STELIOS KANAKIS S.A.
FOOD PRODUCTS
272 NEOKEM S.A.
Pre-Tax Income Change
34,508,692
264 AENORASIS S.A.
Pre-Tax Income 2016
Sector
Pre-Tax Income 2010
Company Name
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES FOR 2016 IN RELATION TO 2010 Turnover 2016
2018
Turnover 2010
DIAMONDS OF THE GREEK ECONOMY
6.0
825,884
3,103,707
275.8
870,577 -89.7
4,433,820
3,094,608
-30.2
32.6
809,095
3,084,677
281.3
3.5
473,346
3,070,173
548.6
30,123,236
10.5
256,317
3,062,415
1094.8
38,171,458
48,583,809
27.3
863,579
3,055,292
253.8
143,400,000
147,003,000
2.5
-7,106,000
2,993,000
_
18,257,098
18,577,038
1.8
2,123,005
2,985,385
40.6
CHEMICAL PRODUCTS
16,305,895
15,765,012
-3.3
1,039,672
2,971,289
185.8
273 GILEAD SCIENCES HELLAS SOLE SHAREHOLDER CO. LTD
PHARMACEUTICALS COSMETICS
43,530,040
63,065,615
44.9
-1,896,148
2,957,585
_
274 SWISSPORT HELLAS S.A.
AIRLINES
18,728,211
6,083,056 -67.5
-1,015,224
2,940,456
_
275 PLOUSOS-SIFAKIS S.A.
CONSTRUCTION MATERIALS
12,467,459
8,558,900 -31.4
1,053,967
2,932,654
178.2
276 KROMIDAKIS S.A.
HOTELS
10,852,853
16,759,328
54.4
-1,710,855
2,913,635
_
TOBACCO PRODUCTS
28,951,303
23,921,044 -17.4
2,876,146
2,882,880
0.2
144,574,062
80,787,756 -44.1
-6,060,354
2,847,957
_
63,033,068
60,067,986
-4.7
3,697,875
2,836,024
-23.3
277 NIKOS GLEOUDIS KAVEX S.A. 278 FIAT GROUP AUTOMOBILES HELLAS S.A. 279 ESTEE LAUDER HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS PHARMACEUTICALS COSMETICS
280 KEPENOS MILLS S.A.
FOOD PRODUCTS
27,452,611
33,575,675
22.3
540,567
2,813,844
420.5
281 EPIRUS S.A.
FOOD PRODUCTS
31,762,644
40,253,781
26.7
1,509,782
2,777,519
84.0
282 ASTERAS TRIPOLI F.C.
FOOTBALL CLUBS
2,587,169
4,100,000
58.5
-740,364
2,770,000
_
283 HDVS HELLENIC DEFENCE VEHICLE SYSTEMS S.A.
TRANSPORTATION MEANS
8,412,735
19,220,000 128.5
1,313,716
2,770,000
110.9
284 GEFSINUS S.A.
SERVICES
7,744,806
27,403,850 253.8
433,452
2,761,195
537.0
285 GEKE S.A.
HOTELS
11,095,387
9,151,562 -17.5
-154,613
2,748,606
_
286 BAZAAR S.A.
SUPERMARKET
95,970,846
154,911,235
61.4
266,317
2,747,995
931.9
287 G.B. GEORGAKOPOULOS S.A.
TRANSPORTATION MEANS & SPARE PARTS
17,462,972
18,074,943
3.5
1,118,080
2,746,719
145.7
288 LOUX MARLAFEKAS S.A.
BEVERAGES - SPIRITS
19,416,525
31,756,659
63.6
2,908,798
2,738,117
-5.9
112,417 -87.1
-280,510
2,697,285
_
289 AVIAREPS HELLAS S.A.
TRANSPORT COMPANIES
290 SPANOS S.A. (BMW)
TRANSPORTATION MEANS & SPARE PARTS
34,333,177
68,440,054
99.3
333,351
2,689,623
706.8
291 LUNCHEON MEAT OF EVROS S.A.
FOOD PRODUCTS
31,273,577
41,822,234
33.7
775,027
2,689,116
247.0
292 MASSIMO DUTTI HELLAS S.A.
CLOTHING - FOOTWEAR
22,395,634
29,410,414
31.3
106,187
2,679,498
2423.4
293 ASTERAS // ASTIR S.A.
HOTELS
3,386,308
5,735,881
69.4
484,189
2,658,685
449.1
294 PETROS PETROPOULOS S.A.
MACHINERY
48,499,000
93,101,000
92.0
-2,224,000
2,636,000
_
295 PAPAYIANNIS BROS GREEK HALVA PRODUCERS S.A.
FOOD PRODUCTS
11,540,772
18,498,294
60.3
177,693
2,633,966
1382.3
296 ZARA HOME HELLAS S.A.
FURNITURE - RUGS - LIGHTING
13,492,484
18,365,461
36.1
1,375,861
2,616,359
90.2
297 GAP S.A.
PHARMACEUTICALS DETERGENTS
18,559,240
34,551,334
86.2
425,318
2,613,041
514.4
298 KARAGIORGOU N. BROS S.A.
TEXTILES
32,271,092
73,550,000 127.9
4,521,767
2,610,000
-42.3
299 3M HELLAS SOLE SHAREHOLDER CO. LTD
MISCELLANEOUS PRODUCTS
41,233,180
36,718,505 -10.9
487,828
2,590,035
430.9
300 ERGOTEM S.A.
CONSTRUCTION COMPANIES
10,262,550
20,813,839 102.8
2,555,376
2,588,655
1.3
301 BITSAKOS, G. & P., AQUACULTURE S.A.
FOOD PRODUCTS
8,196,071
17,564,344 114.3
23,073
302 PR. PAVLIDIS S.A.
FOOD PRODUCTS
49,706,551
53,606,486
7.8
2,578,669
2,570,582
-0.3
303 MEDITERRANEAN HOLIDAY DIALYSIS CENTER S.A.
MEDICAL SERVICES
11,607,945
12,740,000
9.8
738,412
2,570,000
248.0
304 LARIPLAST - TSEREPA BROS S.A.
PLASTICS - RUBBER
12,244,505
18,796,556
53.5
-1,457,500
2,556,467
_
305 SOVEL – GREEK STEEL PROCESSING COMPANY S.A.
METAL PRODUCTS
292,505,718
256,881,649 -12.2
-12,144,045
2,551,621
_
306 POWER HEALTH HELLAS S.A.
FOOD PRODUCTS
15,061,824
12,664,006 -15.9
4,963,709
2,542,736
-48.8
307 HELLENIC BREWERIES OF ATALANTI S.A.
BEVERAGES - SPIRITS
12,319,315
30,502,000 147.6
-163,378
2,527,000
_
I 378 I
874,831
2,584,690 11102.2
In green color are the companies which posted IMPROVED FINANCIAL RESULTS in 2016 compared to 2010
Pre-Tax Income Change
Pre-Tax Income 2016
Pre-Tax Income 2010
Turnover Change
Turnover 2016
Sector
Turnover 2010
Company Name
SOURCE: NEW TIMES
308 E.B.C. S.A.
HOLDING COMPANIES
2,325,000
1,456,047 -37.4
2,349,590
2,523,309
7.4
INTERMED PHARMACEUTICAL LABORATORIES, TSETI I. & ΕIR. 309 S.A.
PHARMACEUTICALS DETERGENTS
6,687,599
20,452,338 205.8
227,602
2,519,869
1007.1
310 KOTRONIS PLASTICS S.A.
PLASTICS - RUBBER
8,333,491
15,386,960
84.6
825,994
2,500,047
202.7
311 HUAWEI TECHNOLOGIES S.A.
ELECTRICAL SUPPLIES
153,301,613 276.2
_
2,499,637
_
312 TSABASSIS S.A.
FOOD PRODUCTS
9,460,895
11,319,681
19.6
1,187,397
2,490,604
109.8
313 SEFCO ZEELANDIA S.A.
FOOD PRODUCTS
12,352,727
16,660,079
34.9
314 NUNTIUS HELLENIC BROKERS S.A.
BROKERS
585,918
29,836,107
315 DELPHI - DISTOMON S.A.
MINES
16,408,000
19,614,000
316 HOTOS S.A.
FOOD PRODUCTS
12,555,737
19,967,450
40,751,622
989,197
2,489,014
151.6
-973,698
2,487,842
_
19.5
265,000
2,482,000
836.6
59.0
1,534,641
2,470,548
61.0
317 WOOD WELL ZYMARIDIS S.A.
FURNITURE - RUGS - LIGHTING
13,954,668
17,379,551
24.5
855,444
2,468,777
188.6
318 LEFKOSIDIROURGIA KAVALAS S.A.
METAL PRODUCTS
13,132,507
14,840,000
13.0
851,131
2,460,000
189.0
319 DIMITROKALIS, K., S.A.
HOTELS
4,479,828
5,952,916
32.9
1,340,848
2,458,707
83.4
20,109,478
17,709,733 -11.9
-1,997,300
2,444,377
_
23,208,201
21,761,206
-6.2
2,760,741
2,439,132
-11.6
-354,193
2,428,483
_
320 VOCATE PHARMACEUTICALS S.A. 321 GKORGKOLIS S.A.
PHARMACEUTICALS DETERGENTS TRANSPORTATION MEANS & SPARE PARTS
322 MAXI S.A.
PAPER
21,523,523
39,113,795
81.7
323 SEPTONA S.A.
MISCELLANEOUS PRODUCTS
34,989,813
44,712,803
27.8
777,188
2,427,304
212.3
324 AKMI EDUCATIONAL COMPANY S.A.
SERVICES
21,496,943
22,578,481
5.0
2,290,988
2,427,090
5.9
325 GENEPHARM S.A.
PHARMACEUTICALS DETERGENTS
18,715,586
34,160,395
82.5
-3,181,529
2,423,962
_
326 MACEDONIA-THRACE BREWERY S.A.
BEVERAGES - SPIRITS
14,097,478
19,373,761
37.4
313,276
2,403,617
667.3
327 BASF HELLAS S.A.
CHEMICAL PRODUCTS
41,412,682
40,323,614
-2.6
787,494
2,387,077
203.1
328 SOSIMEX S.A.
HOTELS
9,220,178
11,643,736
26.3
-500,944
2,384,748
_
329 ELTON INTERNATIONAL TRADING CO. S.A.
CHEMICALS - PAINTS
57,306,723
74,200,098
29.5
3,230,767
2,379,054
-26.4
330 OYSHO HELLAS S.A.
CLOTHING - FOOTWEAR
18,168,617
22,831,273
25.7
780,314
2,377,459
204.7
331 APIVITA S.A.
PHARMACEUTICALS DETERGENTS
26,272,651
34,231,498
30.3
1,658,413
2,377,060
43.3
332 ZEUS S.A.
HOTELS
2,944,706
6,773,859 130.0
212,992
2,363,593
1009.7
333 ERETBO S.A.
CONSTRUCTION COMPANIES
10,722,302
7,571,748 -29.4
4,563,989
2,359,215
-48.3
APOLLONIA - HELLENIC TOURISM & HOTEL 334 ENTERPRISES OF CRETE S.A.
HOTELS
9,324,508
12,118,240
30.0
-1,823,615
2,350,917
_
36,368,918
61.3
510,812
2,329,273
356.0
125,262,735 -44.8
-34,214,947
2,304,675
_
46.0
-18,597,413
2,302,718
_
335 ASTRON CHEMICALS S.A.
CHEMICALS - PAINTS
22,552,968
336 GLAXOSMITHKLINE S.A.
PHARMACEUTICALS COSMETICS
226,969,909
337 ADIDAS HELLAS S.A.
CLOTHING - FOOTWEAR
60,567,314
88,427,372
338 ELANTHI S.A.
FOOD PRODUCTS
130,011,664
39,755,576 -69.4
11,626,650
2,300,055
-80.2
339 VIACAR S.A.
TRANSPORTATION MEANS & SPARE PARTS
12,017,537
25,601,523 113.0
405,074
2,297,363
467.1
340 MELLON TECHNOLOGIES S.A.
OFFICE DEVICES
16,839,112
61,950,000 267.9
448,863
2,290,000
410.2
341 LITTLE ACRE MILK FARM S.A.
FOOD PRODUCTS
24,846,245
55,104,482 121.8
75,806
2,279,846
2907.5
342 HERMES-ERMICHROM, GIANNIDIS BROS S.A.
CHEMICAL PRODUCTS
40,481,712
31,189,946 -23.0
156,242
2,275,475
1356.4
343 KATRIS RHODES HOTEL BUSINESS S.A.
HOTELS
6,361,304
9,753,975
53.3
-1,663,885
2,250,380
_
ERNST & YOUNG (HELLAS) 344 CERTIFIED AUDITORS ACCOUNTANTS S.A.
AIRLINES
20,310,276
25,914,323
27.6
1,665,504
2,244,327
34.8
345 MLS MULTIMEDIA S.A.
INFORMATION TECHNOLOGY
10,016,605
25,382,367 153.4
2,051,336
2,241,160
9.3
346 SEVEN STARS S.A.
HOTELS
10,819,530
16,518,131
52.7
-1,778,124
2,234,633
_
13,952,312
12,041,123 -13.7
1,845,769
2,223,155
20.4
21,609,486
134,213,956 521.1
-173,030
2,219,966
_
56,742,071
50,827,087 -10.4
912,422
2,204,780
141.6
347 MOTO TREND S.A. 348 PHARMASERVICE S.A. 349 GOUNTSIDIS S.A.
TRANSPORTATION MEANS & SPARE PARTS PHARMACEUTICALS COSMETICS SUPERMARKET
I 379 I
350 PRICEWATERHOUSECOOPERS S.A.
SERVICES
351 ACHINOPODI S.A.
HOTELS
36,220,000
29,673
Pre-Tax Income Change
28,891,137
Pre-Tax Income 2016
Sector
Pre-Tax Income 2010
Company Name
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES FOR 2016 IN RELATION TO 2010 Turnover 2016
2018
Turnover 2010
DIAMONDS OF THE GREEK ECONOMY
25.4
3,244,324
2,190,000
-32.5
7,007,071 23514.3
-392,674
2,170,936
_
352 NASSOPOULOS BROS S.A.
FOOD PRODUCTS
45,932,158
54,801,035
19.3
1,083,890
2,170,614
100.3
353 GALENICA PHARMACEUTICAL INDUSTRY S.A.
PHARMACEUTICALS DETERGENTS
47,091,669
36,592,851 -22.3
-78,335
2,141,977
_
354 PORTES MELATHRON S.A.
HOTELS
2,212,302
13,087,001 491.6
-276,852
2,137,629
_
355 NORTHERN GREECE CERAMICS S.A.
NON MINERAL
18,152,351
22,780,000
25.5
-3,139,238
2,120,000
_
356 KASIDIS S.A.
FOOD PRODUCTS
16,417,420
39,339,960 139.6
-603,452
2,117,711
_
357 AHI CARRIER SOUTH EASTERN EUROPE AIR-CONDITIONING S.A.
SANITATION - AIR CONDITIONING
38,249,625
41,706,000
9.0
-1,268,995
2,103,000
_
358 COCA - COLA 3Ε
BEVERAGES - SPIRITS
15,461,000
411,800,000
2563.5
-1,315,400
2,100,000
_
359 IONIAN CHEMICALS S.A.
CHEMICALS - PAINTS
15,747,944
35,780,000 127.2
411,593
2,100,000
410.2
360 ATRIUM PALACE S.A.
HOTELS
8,786,976
17,406,631
98.1
-2,228,796
2,098,606
_
361 LAVA MINING & QUARRYING CO. S.A.
MINES
8,134,000
10,134,000
24.6
-559,000
2,096,000
_
362 IOANNIDIS TH. S.A.
METALLIC PRODUCTS
13,289,460
20,975,095
57.8
1,672,234
2,091,759
25.1
363 MARINE TOURS S.A.
ΤΟΥΡΙΣΤΙΚΑ ΓΡΑΦΕΙΑ
7,591,208
14,560,000
91.8
221,539
2,090,000
843.4
364 OHONOS SNACK S.A.
FOOD PRODUCTS
10,932,044
16,532,777
51.2
521,804
2,085,512
299.7
365 DAEDALUS S.A.
HOTELS
8,850,801
13,622,293
53.9
-575,723
2,084,212
_
366 BRISTOL-MYERS SQUIBB S.A.
PHARMACEUTICALS COSMETICS
67,839,806 -49.5
189,943
2,081,915
996.1
367 DRAGINI, E. D., S.A.
MEDICAL SERVICES
26,282,104
25,872,766
-1.6
995,300
2,062,770
107.3
368 ΒΙΟΤΥR S.A.
FOOD PRODUCTS
41,426,691
44,317,275
7.0
693,770
2,060,806
197.0
134,465,567
369 FOURNARAKIS S.A.
MACHINERY
8,662,834
21,570,000 149.0
58,082
2,050,000
3429.5
370 ANASTASSOPOULOS, VAS., S.A.
FOOD PRODUCTS
5,238,289
25,072,429 378.6
500,241
2,046,859
309.2
371 ARI S.S.
FOOD PRODUCTS
9,826,369
27,164,756 176.4
1,199,449
2,042,168
70.3
372 MEGAS YEEROS S.A.
FOOD PRODUCTS
14,026,739
26,430,000
88.4
1,277,417
2,040,000
59.7
373 HELECTOR S.A.
SERVICES
38,441,032
68,133,000
77.2
8,617,260
2,033,000
-76.4
374 HOUTOS Α. S.A.
SERVICES
8,258,990
12,372,128
49.8
454,421
2,015,607
343.6
375 VIOLAR S.A.
TEXTILES
47,680,609
137,794,776 189.0
3,013,071
2,007,047
-33.4
376 DELTA MEDICAL S.A.
SCIENTIFIC & MEDICAL DEVICES
-7.7
410,167
2,001,361
387.9
6,401,701
5,908,754
377 HELLENIC QUARRIES S.A.
NON MINERAL
83,257,057
38,169,941 -54.2
4,654,418
1,992,574
-57.2
378 DIL FASHION GROUP S.A.
CLOTHING - FOOTWEAR
2,184,899
11,706,672 435.8
68,311
1,977,974
2795.5
379 ISO PLUS S.A.
FOOD PRODUCTS
8,463,301
14,894,730
76.0
1,308,602
1,977,651
51.1
380 KLEEMANN HELLAS S.A.
MACHINES - DEVICES
75,343,000
81,112,589
7.7
2,335,000
1,976,385
-15.4
381 NATHANAILIDIS CONSTRUCTIONS S.A.
CONSTRUCTION COMPANIES
22,258,094
17,514,537 -21.3
972,146
1,971,231
102.8
382 GEROLYMATOS INTERNATIONAL S.A.
PHARMACEUTICALS DETERGENTS
7,192,000
27,823,000 286.9
-6,645,000
1,971,000
_
383 NEUROPUBLIC S.A.
INFORMATION TECHNOLOGY
4,148,936
7,480,847
80.3
358,420
1,968,651
449.3
384 ROSSI S.A.
CLOTHING - FOOTWEAR
14,930,121
16,588,470
11.1
10,895
385 AMGEN HELLAS LTD
PHARMACEUTICALS COSMETICS
9,284,318
71,064,235 665.4
-2,104,516
1,947,194
_
386 METRON - ENERGY APPLICATIONS S.A.
ELECTRICAL SUPPLIES
12,188,418
42,020,504 244.8
478,370
1,944,728
306.5
387 ΕΜΕΚ S.A.
METAL PRODUCTS
16,675,661
27,819,007
66.8
-214,460
1,942,641
_
388 GOLDAIR CARGO S.A.
TRANSPORT COMPANIES
32,914,476
43,766,985
33.0
980,390
1,942,263
98.1
389 ELASTIKES ENOSIS S.A.
PLASTICS - RUBBER
6,029,698
11,341,753
88.1
4,447
390 PALLAS - LAVDAS F. S.A.
FOOD PRODUCTS
16,492,957
19,002,460
15.2
309,786
1,931,489
391 PAPERPACK – TSOUKARIDIS S.A.
PAPER
11,636,000
15,247,340
31.0
-46,000
1,931,460
_
392 IONIKI SFOLIATA S.A
FOOD PRODUCTS
12,409,013
19,470,000
56.9
705,901
1,920,000
172.0
393 VIOKYT PACKAGING S.A.
PAPER
11,542,765
23,291,905 101.8
-486,530
1,919,802
_
394 FTHlOTIS PAPERMILL S.A.
PAPER
11,572,728
17,648,748
620,607
1,911,062
207.9
I 380 I
52.5
1,950,607 17803.7
1,935,557 43425.0 523.5
In green color are the companies which posted IMPROVED FINANCIAL RESULTS in 2016 compared to 2010
395 OFC AVIATION FUEL SERVICES SA
SERVICES
396 GIANNIS S.A.
Pre-Tax Income Change
Pre-Tax Income 2016
Pre-Tax Income 2010
Turnover Change
Turnover 2016
Sector
Turnover 2010
Company Name
SOURCE: NEW TIMES
9,885,777
9,240,000
-6.5
2,681,444
1,910,000
-28.8
FOOD PRODUCTS
13,840,147
12,848,503
-7.2
1,333,201
1,900,754
42.6
397 STRADIVARIUS HELLAS S.A.
CLOTHING - FOOTWEAR
29,499,720
47,353,789
60.5
-1,318,673
1,890,179
_
398 KATRADIS MARINE ROPES S.A.
TEXTILES
11,014,366
13,859,553
25.8
1,012,606
1,885,281
86.2
399 ETANAP S.A.
BEVERAGES - SPIRITS
52,010,412
9,270,073 -82.2
421,352
1,869,536
343.7
400 ANEDIK KRITIKOS S.A.
SUPERMARKET
67,309,112
179,620,231 166.9
739,073
1,863,673
152.2
401 VIORYL S.A.
CHEMICAL PRODUCTS
402 ERGOSE S.A.
SERVICES
403 Ε. DONTA S.A.
HOTELS
404 PROMITHEFTIKI TROFIMON S.A.
SUPERMARKET
15,807,095
20,836,991
31.8
206,723
1,862,185
800.8
370,301,621
349,073,656
-5.7
3,898,435
1,857,003
-52.4
4,333,326 456.1
-488,656
1,855,461
_
1,233,544
1,848,086
49.8
779,193 76,747,374
110,659,272
44.2
405 KALTEQ S.A.
SCIENTIFIC & MEDICAL DEVICES
3,995,354
5,513,607
38.0
203,025
1,845,988
809.2
406 KARAGEORGIOU, K., BROS “3 ALFA” S.A.
FOOD PRODUCTS
26,541,425
26,190,000
-1.3
2,220,965
1,830,000
-17.6
407 OLYMPIC BREWERY S.A.
BEVERAGES - SPIRITS
11,603,558
146,856,976
-636,340
1,820,866
_
408 ANFARM HELLAS S.A.
PHARMACEUTICALS DETERGENTS
12,372,762
16,832,998
36.0
647,793
1,813,984
180.0
ΤΟΥΡΙΣΤΙΚΑ ΓΡΑΦΕΙΑ
5,912,571
6,484,155
9.7
926,945
1,813,956
95.7
HOTELS
4,927,686
12,870,737 161.2
-984,446
1,809,582
_
409
VOUKOUVALIDIS SIGHTSEEING TOURISM S.A. ‘’V. TOURS’’ (absorbed by ΤUI)
410 MARBELLA S.A. 411 RICHEMONT HELLAS S.A.
MISCELLANEOUS PRODUCTS
7,474,657 -55.3
-665,021
1,794,597
_
412 KONTOKALI BAY RESORT AND SPA S.A.
HOTELS
6,322,973
8,302,391
31.3
-800,802
1,772,866
_
PHARMACEUTICALS DETERGENTS
3,909,867
7,610,629
94.7
-159,613
1,770,967
_
413
ADELCO - CHROMATOURGIA ATHINON E. COLOCOTRONIS BROS S.A.
16,709,212
414 VERNILAC S.A.
CHEMICAL PRODUCTS
19,987,704
12,924,111 -35.3
2,629,784
1,760,674
-33.0
415 MEGA SPRINT GUARD S.A.
SERVICES
12,583,101
19,051,153
51.4
1,596,925
1,754,303
9.9
416 ECOENERGY S.A.
PETROLEUM PRODUCTS
2,505,567
5,870,000 134.3
214,488
1,750,000
715.9
417 DRUCKFARBEN HELLAS S.A
CHEMICAL PRODUCTS
26,579,393
34.7
-274,858
1,739,888
_
122,213,184
65,517,168 -46.4
21,686,820
1,735,663
-92.0
319,467,571
135,342,363 -57.6
39,412,972
1,735,552
-95.6
418 PALMOLIVE COMMERCIAL (HELLAS) SOLE PARTNER LTD 419 SANOFI AVENTIS S.A.
PHARMACEUTICALS COSMETICS PHARMACEUTICALS COSMETICS
420 JT INTERNATIONAL HELLAS S.A.
TOBACCO PRODUCTS
421 NESTOR S.A.
HOTELS
422 NEXANS HELLAS S.A.
9.3
-16,822,570
1,726,980
_
2,267,382
5,057,124 123.0
456,758
1,726,457
278.0
ELECTRICAL SUPPLIES
91,747,000
75,982,000 -17.2
2,448,000
1,721,000
-29.7
423 MORNOS S.A.
PLASTICS - RUBBER
65,194,000
56,300,000 -13.6
-2,022,000
1,720,000
_
424 STEREA KAFSIMA (SOLID FUELS) S.A.
CHEMICAL PRODUCTS
9,987,796
7,440,214 -25.5
2,075,951
1,719,025
-17.2
425 AEROSERVICES S.A
TRANSPORTATION MEANS & SPARE PARTS
2,601,692
6,992,317 168.8
285,999
1,717,966
500.7
426 KLEFER S.A.
METAL PRODUCTS
14,359,000
16,321,769
13.7
2,521,000
1,691,943
-32.9
427 MENARINI HELLAS S.A.
PHARMACEUTICALS COSMETICS
45,056,566
51,651,670
14.6
7,232,233
1,689,686
-76.6
428 ΚΑΝΑVΑ S.A.
HOTELS
4,103,585
7,921,447
93.0
239,606
1,681,421
601.7
429 GROUP4 SECURICOR HELLAS S.A.
SERVICES
3,924,624
2,917,910 -25.7
4,145,846
1,672,290
-59.7
430 STOP S.A.
MISCELLANEOUS PRODUCTS
431 EUROCHARTIKI S.A.
PAPER
432 ADAMAKOS BROS S.A. (NAVY & GREEN)
CLOTHING - FOOTWEAR
433 NOVO NORDISK HELLAS LTD
PHARMACEUTICALS COSMETICS
434 SAKELLARIS P. & CO. S.A.
CLOTHING - FOOTWEAR
435 NIPPON S.A. 436 WELLA HELLAS S.A. 437 INTERTRADE HELLAS S.A.
SANITATION - AIR CONDITIONING PHARMACEUTICALS COSMETICS AGRICULTURAL ENTERPRISES
79,029,073
35,804,522
86,348,992
8,404,333
12,109,109
44.1
1,287,271
1,671,055
29.8
41,784,031
47,252,389
13.1
911,397
1,663,911
82.6
6,704,691
13,349,380
99.1
369,313
1,656,697
348.6
34,962,943
49,449,446
41.4
-17,976,941
1,653,378
_
3,365,808
7,549,685 124.3
229,346
1,653,319
620.9
3,468,590
19,611,202 465.4
45,981
1,647,886
3483.8
22,750,619
15,247,448 -33.0
854,769
1,646,942
92.7
24,010,453
63,851,490 165.9
87,203
1,644,876
1786.3
I 381 I
438 MARE S.A.
HOTELS
1,990,220
Pre-Tax Income Change
Pre-Tax Income 2016
Sector
Pre-Tax Income 2010
Company Name
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES FOR 2016 IN RELATION TO 2010 Turnover 2016
2018
Turnover 2010
DIAMONDS OF THE GREEK ECONOMY
5,149,577 158.7
-211,556
1,625,413
_
439 EUROPA PROFIL ALUMINUM S.A.
METAL PRODUCTS
47,420,976
27,067,693 -42.9
440 KAPA DYNAMIKI S.A.
CONSTRUCTION COMPANIES
13,542,246
21,017,103
441 MENTEKIDIS S. S.A.
BEVERAGES - SPIRITS
442 PASSARELLA S.A. (MICHALISTIANOS SP. BROS)
FOOD PRODUCTS
443 INTRACOM DEFENSE ELECTRONICS S.A.
ELECTRICAL SUPPLIES
444 VIOLANTA S.A.
FOOD PRODUCTS
4,247,906
445 EGNATIA SUPER MARKET S.A.
SUPERMARKET
19,766,228
77,420,451 291.7
446 GRANT THORNTON S.A.
SERVICES
15,520,464
22,260,000
4,881,056
1,607,390
-67.1
55.2
863,860
1,605,265
85.8
3,447,759
9,633,103 179.4
543,587
1,600,478
194.4
6,259,533
8,717,140
39.3
599,148
1,600,043
167.1
43,292,272
57,437,217
32.7
548,244
1,598,913
191.6
9,065,433 113.4
395,985
1,594,921
302.8
43,908
1,592,624
3527.2
43.4
931,582
1,590,000
70.7
6,492,556 -25.0
447 HELLAS SAT S.A.
TELECOMUNICATIONS
281,893
1,588,754
463.6
448 MED FRIGO G. POULIAS - S. BRAKATSELOS S.A.
TRANSPORT COMPANIES
16,541,218
23,273,906
40.7
789,789
1,588,570
101.1
449 GENESIS S.A.
MEDICAL SERVICES
14,653,586
13,110,000 -10.5
1,228,547
1,588,000
29.3
450 TECHNAVA S.A.
MACHINERY
13,450,653
14,600,000
8.5
2,388,186
1,580,000
-33.8
451 FCA CAPITAL HELLAS S.A. (ex FIAT CREDIT HELLAS )
TRANSPORTATION MEANS & SPARE PARTS
57,529,939
35,050,000 -39.1
3,646,067
1,560,000
-57.2
452 VOLOS PORT ORGANIZATION S.A.
TRANSPORT COMPANIES
-124,987
1,556,199
_
453 FILIPPOS, S.A.
-5,543,489
1,551,038
_
8,652,386
5,665,547
5,426,970
FOOD PRODUCTS
13,672,867
2,390
454 AUTOGRILL HELLAS LTD
SERVICES
12,730,157
15,051,503
18.2
498,239
1,548,493
210.8
455 FILOXANIA S.A.
HOTELS
5,763,056
8,105,594
40.6
-1,476,367
1,545,582
_
456 YFANTIS S.A.
FOOD PRODUCTS
78,285,083
85,440,605
9.1
6,731,635
1,541,441
-77.1
457 PEI.FA.SYN GROUP - PIRAEUS PHARMACISTS ASSOCIATION
PHARMACEUTICALS COSMETICS
163,946,026
147,150,439 -10.2
3,061,832
1,531,190
-50.0
458 MOBILE TELECOMMUNICATION CENTER S.A.
MOBILE TELEPHONY
254,321,056
304,785,051
19.8
744,505
1,530,615
105.6
459 ALOUMAN S.A.
METAL PRODUCTS
57,684,319
61,332,347
6.3
109,565
1,520,535
1287.8
460 POLO S.A.
CLOTHING
4,241,894
6,391,917
50.7
305,083
1,519,325
398.0
461 ENVITEC S.A.
ENERGY
462 ANTONIOU S.A.
PUBLICATIONS - PRINTING
463 KAPA-SIGMA COTTON MILLS S.A.
3,679,141 -70.1
1,924,230
1,516,625
-21.2
4,982,367
7,058,495
41.7
1,070,156
1,507,806
40.9
TEXTILES
23,836,498
35,325,676
48.2
1,234,070
1,505,239
22.0
464 HERMES - HARISIADIS & SONS S.A.
SHIPPING & INDUSTRY SUPPLIES
24,258,370
23,828,690
-1.8
652,768
1,505,126
130.6
465 SIGANOS S.A.
BEVERAGES - SPIRITS
10,684,000
17,530,270
64.1
447,365
1,503,588
236.1
466 BAXTER HELLAS LTD
PHARMACEUTICALS COSMETICS
63,356,474
41,180,019 -35.0
-64,587
1,499,489
_
467 TEKA SYSTEMS S.A.
INFORMATION TECHNOLOGY
12,197,782
16,404,036
34.5
1,331,265
1,499,187
12.6
468 ATHENS CENTRAL MARKET ORGANIZATION S.A.
SERVICES
6,825,886
13,465,114
97.3
-14,334,419
1,496,128
_
469 VARELAS S.A. – CHEMICALS AND DIAGNOSTICS
SCIENTIFIC & MEDICAL DEVICES
4,469,197
6,068,157
35.8
-601,442
1,495,112
_
470 MEDTRONIC HELLAS S.A.
SCIENTIFIC & MEDICAL DEVICES
9,300,828
49,064,395 427.5
438,978
1,476,573
236.4
471 UNILEVER-KNORR S.A.
PHARMACEUTICALS DETERGENTS
15,599,808
42,500,206 172.4
-13,262
1,473,949
_
472 ΤΕΜΑΚ S.A.
MACHINES - DEVICES
6,062,733
6,680,000
10.2
76,808
1,470,000
1813.9
10,251,745
9,757,250
-4.8
148,869
1,467,798
886.0
31,151,543
30,964,111
-0.6
427,883
1,465,852
242.6
473 NORMA HELLAS S.A. 474 E. ALEXIDI - FYLAKTIDI S.A.
PHARMACEUTICALS DETERGENTS PHARMACEUTICALS COSMETICS
12,291,505
-4.2
475 BAKALAROS K.D. S.A.
BEVERAGES - SPIRITS
6,921,059
15,614,915 125.6
1,125,842
1,455,125
29.2
476 TH. CHALKIADAKIS S.A. - CACTUS HOTELS
HOTELS
2,675,718
9,234,755 245.1
-2,421,996
1,448,930
_
477 DIVANI ACROPOLIS S.A.
HOTELS
5,917,626
32.0
-220,673
1,444,098
_
478 CHALKIDIKI TOURISM ENTERPRISES S.A.
HOTELS
4,586,243
12,997,598 183.4
214,387
1,438,297
570.9
479 FARCOM S.A. 480 ASTELLAS PHARMACEUTICALS S.A.
I 382 I
PHARMACEUTICALS DETERGENTS PHARMACEUTICALS COSMETICS
7,811,619
4,130,558
7,881,952
90.8
65,465
1,429,315
2083.3
23,673,005
35,204,197
48.7
1,469,407
1,423,917
-3.1
In green color are the companies which posted IMPROVED FINANCIAL RESULTS in 2016 compared to 2010
CHEMICAL PRODUCTS
Pre-Tax Income Change
Pre-Tax Income 2016
49,642,211
Pre-Tax Income 2010
35,997,042
Turnover Change
Turnover 2016
481 SYNGENTA HELLAS S.A.
Sector
Turnover 2010
Company Name
SOURCE: NEW TIMES
37.9
747,026
1,421,785
90.3
6,195,000 -76.0
482 NBG LEASING S.A.
LEASING
25,797,000
-15,317,000
1,421,000
_
483 TH. MAKRIS METALLEMPORIKI S.A.
METAL PRODUCTS
14,477,551
15,782,896
9.0
-444,056
1,409,868
_
484 MOUSSAMAS BROS S.A. (ATHENS HOLIDAY INN)
HOTELS
13,246,608
13,023,610
-1.7
-648,107
1,409,855
_
485 IKTINOS HELLAS S.A.
NON MINERAL
22,066,376
31,724,004
43.8
2,367,955
1,409,842
-40.5
486 VOGIATZOGLOU SYSTEMS S.A.
MISCELLANEOUS PRODUCTS
27,710,000
14,819,000 -46.5
1,555,000
1,405,000
-9.6
487 LAMDA PAPERΚΗ S.A.
ΕΝΤΥΠΑ - PAPER - ΓΡΑΦΙΚΗ ΥΛΗ2
8,923,616
8.0
1,020,274
1,400,499
37.3
488 EULER HERMES HELLAS S.A. (merger)
INSURANCE
3,739,848
14,930,598 299.2
-126,775
1,396,380
_
489 ZTE HELLAS S.A.
ELECTRICAL SUPPLIES
490 ELTRAK S.A.
MACHINERY
491 DIGENIS S.A.
9,635,453
5,449,628
27,944,981 412.8
-591,796
1,390,355
_
59,467,000
42,973,000 -27.7
4,361,000
1,384,000
-68.3
METAL PRODUCTS
8,030,277
4,840,111 -39.7
2,462,951
1,374,310
-44.2
492 KRONOS S.A.
FOOD PRODUCTS
30,974,649
217,232
1,371,200
531.2
493 DOMUS KEYS S.A.
METAL PRODUCTS
9,769,644
8,713,385 -10.8
494 ATHENS AIRPORT FUEL PIPELINE COMPANY (AAFPC) S.A.
TRANSPORT COMPANIES
3,484,230
3,512,902
495 Κ.Β. MARKOY S.A.
TEXTILES
496 VIOSER S.A.
48,022,323
55.0
122,375
1,369,213
1018.9
0.8
1,391,107
1,369,177
-1.6
17,543,356
57,812,113 229.5
600,650
1,352,613
125.2
PHARMACEUTICALS DETERGENTS
25,814,357
29,581,073
14.6
17,297
1,350,527
7707.9
497 CORAL GAS S.A.
NATURAL GAS
65,912,000
104,913,000
59.2
891,000
1,349,000
51.4
498 SPANOPOULOS IGNATIOS MARITIME S.A.
CONSTRUCTION COMPANIES
10,463,002 241.4
-10,193
1,345,391
_
499 K. XYDIAS FARMAKAPOTHIKI S.A. 500 TEOREN MOTORS S.A.
PHARMACEUTICALS COSMETICS TRANSPORTATION MEANS & SPARE PARTS
3,064,573 63,352,819
63,676,525
0.5
1,336,542
1,342,071
0.4
55,772,552
49,184,419 -11.8
-6,520,838
1,341,213
_
2,107,546 -91.9
2,463,038
1,340,590
-45.6
3.4
1,276,119
1,340,101
5.0
501 EUROLEASE FLEET SERVICES S.A.
CAR RENTAL
26,046,568
502 TOP ELECTRONICS COMPONENTS S.A.
ELECTRICAL SUPPLIES
11,407,190
11,795,650
503 ATLANTA S.A.
FOOD PRODUCTS
45,778,019
39,028,012 -14.7
1,528,761
1,337,490
-12.5
504 MEDICON HELLAS S.A.
SCIENTIFIC & MEDICAL DEVICES
13,464,413
11,957,592 -11.2
-239,842
1,335,496
_
505 NEF - NEF S.A.
CLOTHING
13,478,216
69.4
361,883
1,330,830
267.8
7,955,093
506 FIL. NAKAS MUSIC HOUSE S.A.
MISCELLANEOUS PRODUCTS
26,569,380
18,705,938 -29.6
43,272
1,326,981
2966.6
507 MICHELIN TYRES S.A.
TRANSPORTATION MEANS & SPARE PARTS
85,089,160
65,824,241 -22.6
-1,773,850
1,318,096
_
508 ATESE S.A.
CONSTRUCTION COMPANIES
14,263,217
30,920,856 116.8
100,078
1,303,844
1202.8
509 NIKZAS MILK INDUSTRY S.A.
FOOD PRODUCTS
10,375,523
14,570,082
40.4
646,395
1,299,652
101.1
510 PAVLIDIS P. PLAGIARI S.A.
NON MINERAL
2,858,960
2,362,669 -17.4
1,231,960
1,287,033
4.5
511 ASTRAZENECA S.A.
PHARMACEUTICALS COSMETICS
220,529,794
109,620,704 -50.3
-19,224,659
1,286,918
_
512 DIVANIS HOTELS S.A.
HOTELS
1,944,261
2,092,287
7.6
868,011
1,286,090
48.2
SCIENTIFIC & MEDICAL DEVICES
6,804,144
5,625,708 -17.3
457,581
1,284,346
180.7
163,066,963
114,595,832 -29.7
2,370,647
1,283,256
-45.9
43,317,095
29,618,861 -31.6
656,793
1,275,197
94.2
76,824,719
95,809,537
24.7
1,989,617
1,274,371
-35.9
195,524,205
129,365,770 -33.8
3,229,970
1,265,741
-60.8
513 ENDOSCOPIKI S.A. 514 SYN.FA. S.A. 515 STEP S.A. 516 PERSEFS S.A. 517
PHARMACIST’S SUPPLYING COOPERATIVE OF ATTICA (PRO.SY.F.A.P.E.)
PHARMACEUTICALS COSMETICS PHARMACEUTICALS COSMETICS MEDICAL SERVICES PHARMACEUTICALS COSMETICS
518 TECHNOCAN S.A.
METAL PRODUCTS
16,637,090
11,037,341 -33.7
137,458
1,264,169
819.7
519 ROUSALI BROS S.A.
BEVERAGES - SPIRITS
2,257,930
4,549,981 101.5
114,067
1,261,508
1005.9
520 VICTORIA I. SARASITIS S.A.
METAL PRODUCTS
5,891,966
8,674,685
47.2
238,128
1,260,358
429.3
521 ΑΚΤΙΝΑ S.A.
ΤΟΥΡΙΣΤΙΚΑ ΓΡΑΦΕΙΑ
10,650,573
16,637,872
56.2
1,199,064
1,253,231
4.5
522 KERAKOLL HELLAS LTD
CHEMICALS - PAINTS
13,625,983
12,375,881
-9.2
739,072
1,251,339
69.3
523 WESTNET DISTRIBUTION S.A.
OFFICE DEVICES
73,680,410
91,926,063
24.8
7,970
1,250,059 15584.6
I 383 I
Pre-Tax Income Change
Pre-Tax Income 2016
Sector
Pre-Tax Income 2010
Company Name
Turnover Change
FINANCIAL RESULTS OF ENTERPRISES FOR 2016 IN RELATION TO 2010 Turnover 2016
2018
Turnover 2010
DIAMONDS OF THE GREEK ECONOMY
524 Ι. MAKRΥDAKIS S.A.
FOOD PRODUCTS
9,508,029
18,084,150
90.2
452,120
1,248,802
176.2
525 OK ANYTIME MARKET S.A.
FOOD PRODUCTS
37,656,463
49,225,452
30.7
95,895
1,248,139
1201.6
526 DAKON S.A.
SERVICES
4,417,057
2,818,356 -36.2
2,571,096
1,244,822
-51.6
527 SERVIER HELLAS PHARMACEUTIQUE LTD
PHARMACEUTICALS COSMETICS
46,710,684
27,431,517 -41.3
1,190,636
1,241,670
4.3
528 M. PAPAPANAGIOTOU S.A.
CHEMICALS - PAINTS
18,159,161
16,299,812 -10.2
1,304,107
1,240,389
-4.9
529 P. PAVLIDIS S.A.
NON MINERAL
9,145,445
6,963,092 -23.9
-58,926
1,239,518
_
530 CERAMETAL S.E. S.A.
METAL PRODUCTS
10,574,420
12,515,488
18.4
1,014,142
1,237,450
22.0
531 AGROHELLAS S.A.
FOOD PRODUCTS
26,147,274
33,619,762
28.6
1,478,775
1,235,216
-16.5
532 BBDO ATHENS S.A.
ADVERTISING COMPANIES
41,681,679
15,059,778 -63.9
1,403,814
1,231,830
-12.3
533 PROODOS S.A.
FOOD PRODUCTS
22,189,839
68,843,754 210.2
247,159
1,231,551
398.3
534 HATZIGAKIS S.A.
CONSTRUCTION COMPANIES
4,533,973
4,319,747
-4.7
43,894
1,228,172
2698.0
535 L. PALAMIDIS - D. TELONIS SONS & CO. S.A.
FOOD PRODUCTS
5,949,393
6,585,934
10.7
1,736,327
1,223,845
-29.5
536 GEORGIOS S.A.
HOTELS
2,409,752
6,633,042 175.3
229,601
1,221,818
432.1
537 TRIKALIOTIS AGAPITOS G. S.A.
TRANSPORTATION MEANS & SPARE PARTS
9,467,951
80.5
-87,291
1,217,217
_
538 T.G. ZAFIROPOULOS S.A.
MISCELLANEOUS PRODUCTS
18,036,855
15,183,289 -15.8
796,607
1,214,989
52.5
539 N. CHRISTODOULOU BROS S.A.
BEVERAGES - SPIRITS
15,239,130
17,809,251
16.9
71,567
1,210,925
1592.0
540 DIAGEO HELLAS S.A.
BEVERAGES - SPIRITS
218,944,031
76,930,000 -64.9
7,219,113
1,210,000
-83.2
39,103,489
37,545,176
1,208,365
_
541 CH. KORDELLOU BROS S.A.
METALLIC PRODUCTS
542 HATZIIOANNOU S.A.
PAPER
543 SEXTOU BROS – NEW EXFRUIT S.A.
FOOD PRODUCTS
544 G. LIAKOPOULOS S.A. 545 PHARMA CENTER S.A.
TRANSPORTATION MEANS & SPARE PARTS PHARMACEUTICALS COSMETICS
17,086,932
-4.0
-586,369
7,992,977
20,443,684 155.8
311
17,362,771
38,715,525 123.0
192,584
1,202,416
524.4
4,685,277
12,516,013 167.1
12,573
1,194,545
9400.9
4,497,087
9,887,000 119.9
259,357
1,191,000
359.2
4,361,935
1,190,877
-72.7
1,203,134 386759.8
546 GROUP4 SECURICOR S.A.
SERVICES
37,779,370
24,636,357 -34.8
547 KAVINO S.A.
BEVERAGES - SPIRITS
15,678,000
19,040,000
21.4
120,000
1,190,000
891.7
548 DAIOS PLASTICS S.A.
PLASTICS - RUBBER
14,168,810
25,195,440
77.8
185,960
1,178,360
533.7
549 GALAXIDI MARINE FARM S.A.
FOOD PRODUCTS
23,674,685
51,442,620 117.3
396,475
1,170,411
195.2
550 KOSMOIATRIKI S.A.
MEDICAL SERVICES
964,991
1,170,409
21.3
551 UNION OPTIC S.A.
MISCELLANEOUS PRODUCTS
552 SOFIDEL GREECE S.A.
PAPER
553 AKTES AIGAIOU S.A.
HOTELS
554 I. KOTSIOPOULOI BROS S.A.
FOOD PRODUCTS
555 NIKOS D. MELIS S.A.
NON MINERAL
556 PIERRE FABRE HELLAS S.A.
PHARMACEUTICALS COSMETICS
557 BRINKS HERMES S.A.
SERVICES
558 ENTERSOFT S.A.
INFORMATION TECHNOLOGY
2,494,635
3,489,601
39.9
7,196,495
8,840,137
22.8
680,630
1,166,994
71.5
19,444,990
24,817,608
27.6
-1,433,817
1,165,748
_
4,999,524
9,509,867
90.2
250,412
1,164,757
365.1
12,203,521
13,346,226
9.4
29,073
1,164,379
3905.0
3,941,371
3,602,644
-8.6
1,169,324
1,163,756
-0.5
27,156,112
24,979,583
-8.0
1,328,114
1,161,795
-12.5
15,931,588
14,373,415
-9.8
2,680,527
1,150,207
-57.1
6,519,610
8,008,120
22.8
471,245
1,148,083
143.6
559 Τ.Κ. INTERNATIONAL S.A.
FOOD PRODUCTS
14,220,549
10,657,678 -25.1
3,819,237
1,147,817
-69.9
560 XYLEXPER S.A.
MISCELLANEOUS PRODUCTS
11,153,273
10,509,658
-5.8
324,157
1,143,783
252.8
561 KIANI AKTI S.A.
HOTELS
5,314,044
6,854,880
29.0
-205,732
1,142,105
_
562 DELOITTE & TOUCHE S.A.
SERVICES
19,660,987
24,709,882
25.7
950,465
1,134,294
19.3
563 NIK. I. THEOCHARAKIS S.A.
TRANSPORTATION MEANS & SPARE PARTS
145,878,542
118,936,339 -18.5
-5,357,285
1,127,113
_
564 EVIOP-TEMPO S.A.
ELECTRICAL SUPPLIES
32,772,435
26,335,948 -19.6
1,643,847
1,122,141
-31.7
565 MARKET IN S.A.
SUPERMARKET
88.9
1,132,772
1,118,519
-1.3
9,431,448 105.6
28,534
1,113,605
3802.7
649,362
1,111,840
71.2
566 S. GIANNIKAKIS S.A.
HOTELS
567 MARVIFARM S.A.
PHARMACEUTICALS COSMETICS
I 384 I
121,474,406 4,586,601 37,906,587
229,471,499
43,327,713
14.3
In green color are the companies which posted IMPROVED FINANCIAL RESULTS in 2016 compared to 2010
568 PELOPAC S.A.
FOOD PRODUCTS
569 SPOT - THOMPSON S.A.
Pre-Tax Income Change
Pre-Tax Income 2016
Pre-Tax Income 2010
Turnover Change
Turnover 2016
Sector
Turnover 2010
Company Name
SOURCE: NEW TIMES
9,452,211
17,308,090
83.1
99,437
1,110,656
1016.9
ADVERTISING COMPANIES
23,015,886
21,050,631
-8.5
881,459
1,107,967
25.7
570 KAPACHEM S.A.
CHEMICAL PRODUCTS
15,439,758
25,267,274
63.7
36,622
1,107,045
2922.9
571 MAGNITIKI PATRON S.A.
MEDICAL SERVICES
2,591,277
3,464,662
33.7
709,494
1,102,673
55.4
572 PAREX S.A.
CLOTHING - FOOTWEAR
6,501,609
8,635,845
32.8
583,894
1,099,629
88.3
573 PAPANDREOU MEDICAL SERVICES S.A.
MEDICAL SERVICES
5,093,722
3,767,248 -26.0
1,936,666
1,099,451
-43.2
574 PAPAGEORGIOU FOOD SERVICE S.A.
FOOD PRODUCTS
21,524,362
38,947,621
301,059
1,088,316
261.5
575 KASTOR S.A. (ΔΙΑΓΡΑΦΗ)
CONSTRUCTION COMPANIES
21,297,494
13,637,502 -36.0
707,466
1,085,257
53.4
576 HALATSIS IMAGING CENTRE S.A.
MEDICAL SERVICES
4,788,917
3,408,966 -28.8
1,820,133
1,076,568
-40.9
577 “DUCASCO” DOURMOUSOGLOU S.A.
MISCELLANEOUS PRODUCTS
7,708,699
7,698,506
-0.1
614,884
1,075,710
74.9
578 I. & F. KONTARATOU S.A.
SUPERMARKET
13,695,772
23,838,107
74.1
272,841
1,072,995
293.3
579 TOUMBOURLEKAS GEORGIOS S.A.
FOOD PRODUCTS
1,924,599
3,448,682
79.2
381,145
1,071,688
181.2
580 SITISI S.A.
FOOD PRODUCTS
2,938,144
4,683,572
59.4
988,019
1,065,175
7.8
581 ONEX S.A.
SCIENTIFIC & MEDICAL DEVICES
5,559,437
6,358,363
14.4
918,813
1,065,166
15.9
7,029,182 -36.4
96,995
1,064,044
997.0
582 EUROPEAN PROFILES S.A.
AIRLINES
583 LIAKAKOS S.A.
SANITATION - AIR CONDITIONING
584 M.G. CHYSAFIDIS S.A. 585 ΟΚΤΑΒΙΤ S.A.
11,054,402
80.9
7,820,487
8,548,535
9.3
579,169
1,060,735
83.1
MISCELLANEOUS PRODUCTS
18,729,986
19,430,000
3.7
944,645
1,060,000
12.2
OFFICE DEVICES
73,290,366
48,727,020 -33.5
19,049
1,052,964
5427.7
586 ATHINAIKI HOTEL CO. S.A.
HOTELS
3,434,137
3,910,000
13.9
-200,274
1,050,000
_
587 GOLDAIR GOLEMIS S.A.
TOURISM ENTERPISES
3,403,317
2,100,000 -38.3
252,083
1,050,000
316.5
588 MOURIKIS FOTIOS ANAST. S.A.
WOOD PRODUCTS
21,634,971
21,194,675
-2.0
2,011
589 DYNAMIC PHARMA S.A.
PHARMACEUTICALS COSMETICS
88,586,967
87,623,864
-1.1
1,873,445
1,048,870
-44.0
590 ELECTRA HOTELS & RESORTS S.A.
HOTELS
5,274,453
6,090,716
15.5
599,578
1,048,605
74.9
591 LAMDA FLISVOS MARINA S.A.
TRANSPORT COMPANIES
13,082,988
11,803,579
-9.8
1,261,571
1,046,314
-17.1
592 MAYORAL HELLAS SOLE SHAREHOLDER LTD
CLOTHING - FOOTWEAR
13,893,659
20,140,103
45.0
269,407
1,045,551
288.1
593 EL SABOR S.A.
FOOD PRODUCTS
5,642,532
10,939,246
93.9
316,700
1,042,415
229.1
594 PURATOS HELLAS S.A.
FOOD PRODUCTS
20,677,103
23,239,952
12.4
1,621,610
1,041,910
-35.7
595 ZISIMOPOUOU ST. S.A.
HOTELS
2,533,818
4,351,641
71.7
416,464
1,040,064
149.7
596 MATTEL S.A.
MISCELLANEOUS PRODUCTS
38,629,970
26,520,732 -31.3
820,095
1,039,788
26.8
8,734,685
5,559,205 -36.4
146,452
1,037,203
608.2
3.1
197,506
1,030,994
422.0
5,939,057 -16.0
1,425,197
1,025,181
-28.1
597 VERMA DRUGS S.A. 598 HONDOS CENTER S.A. 599 HELIOAKMI S.A.
PHARMACEUTICALS DETERGENTS PHARMACEUTICALS COSMETICS ELECTRICAL APPLIANCES
35,380,766 7,068,288
36,483,522
1,049,370 52081.5
600 ADELE MARE S.A. (ΔΙΑΓΡΑΦΗ ΛΟΓΩ ΣΥΓΧΩΝΕΥΣΗΣ)
HOTELS
-189,271
1,024,792
_
601 GE HEALTHCARE SA (ex MEDICAL SYSTEMS HELLAS S.A.)
SCIENTIFIC & MEDICAL DEVICES
31,378,471
30,355,693
-3.3
1,137,760
1,023,752
-10.0
602 P. MOURGIS BROS S.A.
SUPERMARKET
13,968,951
17,870,754
27.9
251,171
1,023,664
307.6
603 TEPSE TECHNIKI PSIKTIKI S.A.
MACHINERY
5,945,679
5,996,391
0.9
719,250
1,020,894
41.9
941,144
4,046,021 329.9
604 FRONTIS S.A.
MEDICAL SERVICES
1,043,232
4,060,000 289.2
116,980
1,020,000
771.9
605 MATI BROS S.A.
FOOD PRODUCTS
5,734,499
5,290,000
-7.8
565,225
1,020,000
80.5
606 UNI-PHARMA KLEON TETSIS S.A.
PHARMACEUTICALS DETERGENTS
28,459,192
54,435,982
91.3
1,949,364
1,019,354
-47.7
607 EXARCHOS S.A.
FOOD PRODUCTS
7,003,025
18,535,683 164.7
358,347
1,014,570
183.1
608 MITSOPOULOS FARM S.A.
FOOD PRODUCTS
16,455,378
25,222,356
53.3
-82,834
1,012,480
_
609 SPACE HELLAS S.A.
OFFICE DEVICES
49,192,000
44,906,000
-8.7
88,000
1,012,000
1050.0
610 CORFU PORT ORGANISATION S.A.
TRANSPORT COMPANIES
2,865,920
3,287,771
14.7
1,041,479
1,003,737
-3.6
611 ASPIS S.A. (DEDES CON.)
FOOD PRODUCTS
19,311,570
34,456,024
78.4
598,652
1,003,273
67.6
612 Μ.Ε.ΤΕ. S.A.
MINES
20,255,533
11,954,153 -41.0
-7,170,952
1,002,899
_
I 385 I
www.timetv.gr
YOUR RELIABLE PARTNER IN GREECE & CYPRUS
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TAILOR-MADE EXCURSION TOURS
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DIAMONDS D I A M O N D S o f t h e G re e k Eco n o my 2 0 1 8
of the Greek Economy
DIAMONDS
of the Greek Economy AWARDS 2018
NEW TIMES PUBLISHING