D I A M O N D S o f t h e G re e k Eco n o my 2 0 1 9
DIAMONDS of the Greek Economy
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DIAMONDS OF THE GREEK ECONOMY
2019
OWNED BY NEW TIMES PUBLISHING 17 Kadmias St., Athens 118 55 - Greece Tel: (+30) 210 3427 481, (+30) 210 3428 667 Fax: (+30) 210 3421 955 URL: www.newtimes.gr www.timetv.gr www.traveltimes.gr www.salus.gr www.tourismtreasures.com Email: info@newtimes.gr
PUBLISHER Spyros A. Ktenas EDITOR IN CHIEF Dionisis Vasilopoulos EDITORS Natassa Spagadorou George Sakkas Nektaria Karakosta DATA BASE Antonela Toni Nikolaos Prokakis SALES MANAGER Theodoros Tsakaloglou MARKETING MANAGER Othon Vassilopoulos SALES DEPARTMENT Irene Politou CTP & PRINTING Rois Bros SA
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DIAMONDS OF THE GREEK ECONOMY
2019
Editorial
‘Diamonds’ show the way the country has to take!
By Spyros Ktenas
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LOYAL to their annual rendezvous, the New Times executive team is releasing the precious lists Diamonds of the Greek Economy 2019, highlighting the best of the country’s productive forces of surplus value. The guide features the most dynamic companies operating in Greece based on specific economic indicators and criteria. In particular, approximately 10,000 of the most important enterprises (based on turnover) -both Greek and foreign-owned enterprises -- were selected to select the healthiest developing companies. In particular, the criteria on which the assessment was made are as follows: • Businesses must have been profitable in the past two years; • Reported a profit of more than 1% in their most recent balance sheet; • Have a maximum equity-to-foreign-capital ratio of 1: 1. We looked for businesses whose equity is equal to or greater than total liabilities; • Return on equity is at least 3%; and • Net profit margin is above 3%. Beyond the country’s popular companies, the assessment helped bring to light several not-widely-known companies which have significant expectations and prospects for growth. Certainly, some of them will positively influence the country’s business life in post-crisis years. Notably, business assessment continues even after the event, as more company balance sheets are being published. New Times Publishing offers a new service through which new additions to the Diamonds of the Greek Economy list are made available on the subscriber information bank www.newtimeslist.gr, which includes detailed data of the Diamonds of the Greek Economy, as well as the most important enterprises in the country. The online information bank offers unlimited access to data (profiles, activities, contact information, financial results) of the largest companies in Greece, including printing information by company and by industry, with users allowed to set their own selection criteria. The presentation of the lists “Diamonds” of the Greek economy is the strongest proof that the Greek economy has strong powers to relaunch the economy. These companies, and thousands of others that not only survived the crisis but came out stronger after a long recession, prove that the day after can and will take the Greek economy to the bright side of entrepreneurship: where financial growth is accompanied by ambitious investment plans, synchronized with the requirements of the fourth industrial revolution, human resources development programs, and corporate and social responsibility.
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DIAMONDS OF THE GREEK ECONOMY
2019
Diamonds index CONTENTS Editorial: 6 Spyros A. Ktenas 12 Contributions 102 FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES FOR 2017 140 THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA) 159 Diamonds 347 Distinguished companies
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AB VASSILOPOULOS
184
ACS S.A.
230
ADELCO S.A.
278
AEGEAN AIRLINES SA
194
ALPHA BANK S.A.
178
ANDROMEDA GROUP
251
ANFARM HELLAS S.A.
270
ARGOFARM S.A.
348
ATHENS INTERNATIONAL AIRPORT “ELEFTHERIOS VENIZELOS”
170
ATHENS WATER SUPPLY AND SEWERAGE COMPANY (EYDAP SA)
190
ATTICA TOLLWAY SA
182
ATTIKI NATURAL GAS DISTRIBUTION COMPANY
228
AUTOHELLAS SA (HERTZ)
208
BARBAYANNIS LIQUOR DISTILLERIES LTD
312
BARILLA HELLAS S.A.
239
BIC VIOLEX SA
206
BIKRE S.A. CHATZIGAVRIILIDIS GROUP
336
BOEHRINGER INGELHEIM HELLAS S.A.
248
CABLEL HELLENIC CABLES
372
CENTRAL CLINIC OF ATHENS S.A.
318
CHIPITA S.A.
200
CMFO S.A.
262
CORINTH PIPEWORKS
350
CRETAN MILL S.A. - ALMPANTAKIS GROUP OF COMPANIES
344
DASTERI S.A.
338
DEMO S.A.
226
DESFA
176
DIAMANTIS MASOUTIS S.A.
213
DOW HELLAS S.A.
225
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ELEOFILLO 354
HEDNO 204
ELIPYKA 386
HELLENIC BREWERY OF ATALANTI
362
ELPEN PHARMACEUTICALS
316
HELLENIC DAIRIES S.A.
215
ELTRAK S.A.
224
HELLENIC PETROLEUM SA
160
ELVAL 356
HUAWEI
374
ELVALHALCOR 198
IAPONIKI S.A.
249
ELVIDA FOODS S.A.
330
INSTITUTE OF PHARMACEUTICAL RESEARCH AND TECHNOLOGY
236
ENTERPRISE GREECE
358
INTERCOMM FOODS SA,
234
EPSA S.A.
353
INTERMED S.A.
266
ERMISBUS 322
JANSSEN PHARMACEUTICAL SACI
293
ETEM
360
JUMBO SA
174
ETHNIKI, HELLENIC GENERAL INSURANCE CO. S.A.
186
KALTEQ GROUP
258
EUROCHARTIKI S.A.
294
KARATZIS S.A.
217
EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A.
218
KARELIA TOBACCO COMPANY INC
188
EVOL EAS VOLOU
284
KENTRIKI ODOS S.A.
196
EXPORT CREDIT INSURANCE ORGANIZATION
352
L’OREAL HELLAS S.A.
220
F.H.L. I. KIRIAKIDIS MARBLES & GRANITES SA
192
LITE LIME SA
365
FARCOM
306
LOUX MARLAFEKAS SA
256
FARMA-CHEM SA
290
M.E.TE. S.A.
276
FITCO S.A.
364
MARINE TOURS
264
FOUFAS BROS S.A.
302
MEGA DISPOSABLES SA
250
GAP S.A.
257
MEGAPLAST INDUSTRIAL – EXPORTING SA
242
GENERAL COMMERCIAL & INDUSTRIAL S.A.
310
MITSIS HOTELS
376
GENERATION Y
366
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.
162
GRECIAN MAGNESITE S.A.
224
N. & K. GOLIOPOULOS S.A.
298
GRECO STROM S.A.
326
NBG PANGAEA REIC
180
GREEK ORGANIZATION OF FOOTBALL PROGNOSTICS (OPAP) SA
172
NEF-NEF S.A.
292
H HOTELS COLLECTION
368
NEOGAL
271
NESTLÉ HELLAS SA
207
HALCOR 370
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DIAMONDS OF THE GREEK ECONOMY
2019
Diamonds index NIKO HELM HELLAS S.A.
300
ROLEX HELLAS S.A.
238
NUEVO S.A.
314
RONTIS HELLAS SA
335
OLYMPIA GROUP S.A.
164
SANI RESORT
252
OLYMPIC S.A. (AVIS)
220
OTE GROUP
168
PAPASTRATOS S.A.
166
PAVLIDIS MARBLE GRANITE S.A.
196
PEGASOS S.A.
SARANTIS 216 SARMED S.A.
272
SEFCO ZEELANDIA S.A.
268
304
SERVICE 800 TELEPERFORMANCE SA
207
PEI.FA.SYN GROUP
282
SERVIER HELLAS PHARMACEUTICALS LTD.
288
PET CITY S.A.
253
SIDENOR, STOMANA INDUSTRY AND THEIR SUBSIDIARIES
384
PHARMA GROUP
299
SKLAVENITIS GROUP
232
SKYSERV S.A.
218
SOLERGON S.A.
308
STANLEY BLACK & DECKER HELLAS LTD.
320
STARTLINE S.A.
332
PHARMABELLE 379 PHARMACIST’S SUPPLYING COOPERATIVE OF ATTICA (PRO.SY.F.A.P.E.)
296
PHARMATHEN SA
222
PINDOS ENERGY
334
PINDOS IOANNINA AGRICULTURAL POULTRY COOPERATIVE
254
PIRAEUS BANK GROUP
378
SYNGENDA 315
PIRAEUS CONTAINER TERMINAL S.A.
214
TEMES S.A.
PIRAEUS PORT AUTHORITY SA
219
THERMOLITH 328
212
PLAISIO 221
UNI-PHARMA KLEON TSETIS PHARMACEUTICAL LABORATORIES SA
280
PLASTIKA KRITIS SA
215
VIANEX S.A.
244
POWER HEALTH HELLAS S.A.
260
PPG HELLAS S.A.
286
VITEX - YANNIDIS BROS S.A.
274
PRAKTIKER HELLAS
340
VODAFONE - PANAFON
202
PRIMEPHARM 380 PUBLIC PROPERTIES COMPANY S.A.
210
ZAGORI 240 ZAGORIN 383
RE/MAX 342
ZARIFOPOULOS S.A.
REGENCY CASINO MONT PARNES
ΝΟΒΑCCO 324
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382
301
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DIAMONDS OF THE GREEK ECONOMY
2019
Kostis Hatzidakis MP and Vice-President of the New Democracy party
Reforms for a dynamic Greek economy There is little doubt that Greece has the potential to become an important European economic power which will leave the years of uncertainty behind and make confident steps forward. This assertion is based on the presence of many competitive advantages that have been repeatedly underlined in the analyses of respected organisations such as McKinsey, and include sectors ranging from agriculture and tourism to logistics and biotechnology. The fundamental condition required to achieve this is a paradigm shift which includes three major priorities: A reform-oriented government which will increase Greece’s credibility in the eyes of investors and international markets, hence contributing to long-term financial stability. An economic policy framework that will help foster a positive business environment by reducing tax rates and creating incentives for investment and innovation.
Our proposals are aimed at creating a virtuous circle of increased investment and strong, sustainable growth I 12 I
Major reforms in the public sector, the judiciary and education that will enhance Greece’s growth prospects. Strong growth depends on an efficient public sector, a judiciary that works without delays and an educational system that effectively prepares students for the challenges of tomorrow. These priorities form the backbone of the governing program of my party, the New Democracy party. Our program is not trying to reinvent the wheel. On the contrary, it consists of policy proposals that have been tried and proved successful in other EU countries -including the ones that have undergone economic hardship, like ours- and have been adapted to Greece’s unique circumstances. Our proposals are aimed at creating a virtuous circle of increased investment and strong, sustainable growth. The Greek economy is ready to turn the page and enter a path of dynamism and competitiveness and I am certain that it will succeed in doing so.
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DIAMONDS OF THE GREEK ECONOMY
2019
Konstantinos Bitsios Vice-President SEV Hellenic Federation of Enterprises
Becoming export-based is paramount for the growth of our economy I 14 I
Greece’s growth prospects need a strategy We live in times of major challenges and fundamental changes. The uncertainty in the global economy, driven by factors like changes in global trade rules and international trade tensions, represent a risk to our economic progress. In a country that lost 25% of its GDP over the past ten years, the stakes for Greece are even higher. In a connected and globalized world, we are behind and we need to catch up. Prospects of 2% growth in the economy will not do. We need to foster business and innovation, boost our exports, and attract more investments and talent. In other words, Greece must grow faster than the projected 2% over the coming years. Greece needs more manufacturing, more technology. A major challenge is the implementation of a coherent industrial strategy. SEV has put forward proposals with the objective of increasing industry’s contribution from 9.6% to 12% of GDP in the next 3 years. By converging with the EU average, Greek industry could gradually create 500.000 new jobs, enhance industrial ecosystems between SMEs and promote regional growth in areas with few employment alternatives. This goal is not easy to achieve and should be a top government priority. Greece needs to improve its ranking in all international indicators, where it ranks amongst the least performing EU countries. Take two examples. In the World Bank-Doing Business Index, Greece ranks 72th (27th in the EU-28). In WEF competitiveness, Greece ranks 57th (27th in the EU-28). Greece needs to pursue the path of transformation. Major reforms need to be implemented and we need to deepen our competitiveness by solving infrastructure deficits. This requires a coordinated effort by all stakeholders. SEV took the initiative to join forces with Greece’s major regional associations, by signing cooperation
agreements that enhance cooperation and set the policies required to address common challenges. During the economic crisis, and with the internal market offering few possibilities, many Greek companies turned to exports. Greek exports have grown by 35% since 2010, reaching 33 billion Euros in 2018. Although exports are on the rise, we are behind our partners of similar size. Take Portugal for example. With a population of 10 million, they reached 55 billion euros worth of exports in 2017. Ireland’s exports amounted to 121 billion euros, with a population of 4.8 million. Slovakia, 75 billion euros, with a population of 5.5 million. Slovenia, 34 billion euros, with a population of just 2 million. That is more or less the same as Greece’s level of exports, and we have a population of nearly 11 million. SEV has initiated ExportReady, a comprehensive program for the assistance of exporting Greek companies. We offer seminars and workshops on specialized export topics. We also offer strategic intelligence to exporters, including market intelligence, specialized workshops and help desk services. Lastly, we organize trade missions and business networking for Greek companies, in cooperation with other partners and with the support of the Foreign Ministry. The world’s fastest-growing markets are outside our borders. Greece must compete for those customers in a highly competitive environment. Becoming export-based is paramount for the growth of our economy. Exports support and create jobs. We need to open up new markets for Greek products. We need to be pro-active about promoting our exports in the world, and encourage more people to open businesses that can sell to the world. The opportunities are there, and so are the deals that can be done.
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DIAMONDS OF THE GREEK ECONOMY
2019
Athanassios Savvakis President of the Federation of Industries of Greece (SBE)
The Federation of Industries of Greece, it becomes clear that the main missing piece of the puzzle is the coordination of the economy players through an investmentfriendly industrial policy I 16 I
A solid industrial policy as an investment prerequisite The Greek economy can be described as a puzzle with missing pieces. On the one hand, there exist the right conditions for an economy to thrive; advanced business sophistication, developed entrepreneurial spirit, highly-skilled human capital and strong outward orientation. On the other hand, there is an investment gap of approximately $100 billion, while fiscal consolidation has taken its toll on the financial stamina of private enterprises and has not delivered results back to the real economy, while brain-drain is growing. The result of the above is a further decline of Greece in terms of competitiveness; according to the latest edition of the World Competitiveness Yearbook of the IMD, Greece ranks 58th among 63 economies. For us, the Federation of Industries of Greece, it becomes clear that the main missing piece of the puzzle is the coordination of the economy players through an investment-friendly industrial policy. It is the very lack of an industrial policy in our country that makes it so hard for Greece to get through the crisis. Our proposition is based on three main pillars: the resilience of the manufacturing sector, the impact of regional manufacturing on social cohesion and the intrinsic feature of extroversion of manufacturing. Our country today possess all the necessary
preconditions to adopt an industrial policy, having as its key features a sector-wide approach, outward-looking orientation, leveraging of industrial innovation capacity (in spite of the moderate technological profile of Greek manufacturing), and capitalization on the benefits of the highlyskilled human resources. However, we also recognize the following key challenges for the short term: adopt a growth-friendly tax policy mix, address obstacles weighing on business climate and hampering investments, leverage the financial liquidity of the private sector, and improve labor participation rates by introducing proindustry policies. In order to facilitate this transition towards a new production model, there is one main requirement that has to be fulfilled: the domestic business environment must be more appealing. A concrete industrial policy will serve as a stabilizer for the highly insecure domestic business environment. As underlined in a statement by Prof. Arturo Bris, Director of IMD World Competitiveness Center, â€œâ€Śthe quality of institutions seem to be the unifying element for increasing prosperity. A strong institutional framework provides the stability for business to invest and innovate, ensuring a higher quality of life for citizensâ€?.
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DIAMONDS OF THE GREEK ECONOMY
2019
Tea Antoniou Hellenic Production BoD Member & Antopack CEO
The recovery of the Greek economy will be stronger and, more importantly, sustainable only if we address the competitiveness issues that triggered the crisis I 18 I
Manufacturing: A post-crisis priority for the future of Greece’s economy The recent international trade tensions are just a sign that, in times of unprecedented changes, the major economies of the world realise the importance of a competitive manufacturing industry to ensure their strategic interests and, more specifically, to keep up with technological changes and safeguard social conditions for their citizens. During the past several years, we have witnessed a clear shift in Europe’s direction towards industry, as it is now commonly accepted that the ability to produce competitively high-quality manufacturing goods plays a decisive role in maintaining technological leadership and social cohesion. In the new post-crisis era and after the European and national elections, we expect our country to follow the European example in making the manufacturing industry a high priority. Despite prevailing stereotypes that Greece is unsuitable for manufacturing, the country has quite a few outstanding industries which produce, innovate and export, contributing to the creation of national wealth and employment to a
larger extent than the relatively small percentage of their contribution to the national GDP would suggest. There are still quite a few regulatory and other serious hurdles impeding business in Greece which other countries have successfully addressed many years ago. I am referring indicatively to the high cost of energy compared to other EU countries, the equally high non-wage cost (social contributions), financing and licensing issues, bureaucracy, as well as the capacity to adapt to the needs and requirements of the new digital era. This requires concerted efforts to shape a solid and ambitious national industrial strategy. The recovery of the Greek economy will be stronger and, more importantly, sustainable only if we address the competitiveness issues that triggered the crisis. In this context, “Hellenic Production – Industry Roundtable For Growth”, alongside all relevant stakeholders, will continue its efforts to keep manufacturing high on the national agenda, advocating its significance and its contribution to the Greek economy and social welfare.
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DIAMONDS OF THE GREEK ECONOMY
2019
Theodoros Tryfon ELPEN Pharmaceuticals BoD Vice-President; President of the Panhellenic Association of Pharmaceutical Industries (PEF)
The Greek pharmaceutical industry comprises 28 production units, equipped with the most sophisticated production and quality control systems I 20 I
Τhe leading role of pharmaceutical manufacturing for Greece’s economy Pharmaceuticals manufactured in Greece are internationally-traded products exported to more than 85 countries. This comes as a result of continuous investment by Greek pharmaceutical companies in R&D activities, advanced quality systems and state-of-the-art technologies, as well as focusing on the development of human resources against the massive brain-drain trends. The Greek pharmaceutical industry comprises 28 production units, equipped with the most sophisticated production and quality control systems. In terms of employment, pharmaceutical manufacturing in Greece accounts for 11,000 employees and 800 highly qualified scientists, contributing directly and indirectly to a total of 53,000 jobs. Despite the adverse economic environment and the unilateral policies that were implemented over the past years regarding the pharmaceutical sector, pharmaceutical manufacturing in Greece has retained its jobs, continuing to invest and generating an economic footprint that has been estimated at 2.8 billion euros per year. According to the Foundation for Economic and Industrial Research (IOBE), for each euro spent on a medicine produced in Greece, the GDP is increased by 3.42 euros. This multiplying effect is higher than the multipliers found in traditional industries, such as shipping and tourism. However, in the post-memorandum era,
the Greek pharmaceutical manufacturing industry is in need of a new development master-plan that would allow for greater penetration of Greek medicines in both the domestic and the international markets. The Pan-Hellenic Pharmaceutical Industry Association, representing Greece’s pharmaceutical manufacturers, has proposed an integrated sectoral policy with specific incentives to stabilize the market, ensure access to all necessary medicines, embrace the significant development opportunities and unlock investments, by addressing issues such as excessive taxation and the exorbitant clawback that hinder market sustainability. Incorporating a growth perspective within the framework of pharmaceutical policy, the body promotes investments in research and development of addedvalue medicines that could claim their positioning in the international pharmaceutical market. This set of measures includes the creation of a modern framework for the commercial exploitation of research results, the adoption of incentives to invest in R&D activities, the attraction of scientific personnel that is either currently underemployed or offers its services to the economies of other countries, as well as a competitive tax framework for investments. This is the roadmap that Greece should follow in order to finally leave behind the crisis era.
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OROPOS MARATHON
ACHARNAI
FYLI DIONYSOS
ASPROPYRGOS
KIFISIA
ELEFSIS
METAMORFOSIS LYKOVRYSIS - PEFKI
MANDRA
PENTELI
AGIOI ANARGYROI - KAMATERON IRAKLEION PETROUPOLIS
VRILISSIA
CHALANDRION GALATSION FILOTHEI - PSYCHIKON
PERISTERION
CHAIDARION
AMAROUSION
NEA FILADELFEIA - CHALKIDONA NEA LIOSIA (ILION) NEA IONIA
RAFINA - PIKERMION
PALLINI
AGIA PARASKEVI AGIA VARVARA AIGALEO KORYDALLOS
ATHINAI
PERAMA
PAPAGOS - CHOLARGOS
ZOGRAFOS NIKAIA - AGIOS IOANNIS RENTIS
SPATA - ARTEMIDA
KERATSINION - DRAPETSONA
KAISARIANI
MOSCHATON - TAVROS KALLITHEA PEIRAIOS
DAFNI - YMITOS
PAIANIA
VYRON
NEA SMYRNI AGIOS DIMITRIOS PALAION FALIRON
ILIOUPOLIS
ALIMOS
ELLINIKON - ARGYROUPOLIS
GLYFADA
KROPIA
MARKOPOULON MESOGAIAS
NATURAL GAS PENETRATION RATE ATTICA PERFECTURE (PER MUNICIPALITY) VARI - VOULA - VOULIAGMENI
PENETRATION RATE = No. of connected buildings / No. of potentially connected buildings to the existing NG Network.
LAVRION
SARONIKOU
1% - 20% 20% - 30% 30% - 40% 40% - 50% 50% - 60% 60% - 100%
Parts of the Municipality (Edison Hill, O.V.)
ATTIKI NATURAL GAS DISTRIBUTION COMPANY S.A.
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DIAMONDS OF THE GREEK ECONOMY
2019
Dr. Georgios Konstantopoulos President of SEVE
Being the largest association of exporting companies in Greece by representing 725 enterprises and business groups I 22 I
Greece has to focus on a contemporary business model based on production, extroversion and investment It is a given fact that the economic crisis designated the most important problem of the Greek entrepreneurial scenery, which is the deficient business model. Combined with an enormous lack of competitiveness and insufficient export performance, Greece had to undergo three economic adjustment programmes and strict austerity measures, resulting in a 25% drop in the GDP. However, despite the crisis and the adversities during the past few years, exporters managed to improve the quality of their products and services, to find new markets to promote their products and, ultimately, enhance their extroversion. Driven by the reinforcement of the exports, the 3rd economic adjustment programme came to an end, leading to the gradual improvement of the economy. At SEVE, we truly believe in Greek enterprises and we expect that if we capitalize on our competitive advantages, we can convert the introvert Greek economy into an open economy, as the global demand for Greek products is constantly growing. Based on the analysis of the Institute of Export Research and Studies (IERS) of SEVE on the temporary data published by the Greek Statistical Authority (ELSTAT), exports rose to 7.994,1 million euro in January to March 2019, compared to 7.867,7 million euro in January to March 2018, showing an increase of 1,6%. Moreover, in 2018 exports amounted to 33,4 billion euro compared to 28,9 billion euro in 2017, showing a 15,7% increase. Despite the fact that these
figures illustrate a markedly improved context regarding international trade, there are still many steps towards becoming an extrovert economy and equaling the EU performance. Taking into consideration the export performance of the European Union countries, that is the exports of goods as a percentage of GDP, the European Union average stood at 34,5%, while the equivalent percentage in Greece was just 18,1%. In addition, excessive taxation combined with the malfunction of the banking system consist of a harsh environment for entrepreneurship, exports and consequently trade and investment. Plus, there are still huge problems regarding the brain drain phenomenon and the high rate of unemployment which have to be tackled. We can start hoping for development and a better future, provided that we start dealing with these obstacles. So, we have to work on this direction and focus on a contemporary business model based on production, extroversion and investment. Being the largest association of exporting companies in Greece by representing 725 enterprises and business groups, SEVE has a great sense of responsibility towards its members and the exporter’s community. Besides, our main goal is to enhance extroversion by impelling Greek enterprises to export their products and services, participate actively in global value chains and eventually contribute to the renaissance of the Greek economy.
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DIAMONDS OF THE GREEK ECONOMY
2019
Konstantinos Michalos President of the Athens Chamber of Commerce and Industry (ACCI)
Businesses can and should lead the way in the new era of the Greek economy after the crisis I 24 I
Accelerating growth, a national wager Following a long period of recession and uncertainty, the Greek economy is now following a positive track. However, this path needs to gather momentum and be more dynamic. In order to regain the ground lost in the past few years, Greece needs higher growth rates, which must come from the realization of new investments, increased extroversion, and from the activity of more, healthy and competitive businesses. More effort is needed in this direction. The business world has repeatedly called for a national plan to rebuild the economy, with decisive measures and reforms that will create the conditions for a dynamic growth and quicker recovery of citizens’ living standards after the crisis. In this context, the top priority remains the restoration of smooth financing conditions by the banking system, with drastic solutions to address nonperforming exposures. An equally important necessity, which the Chamber community systematically highlights, is that of reducing the tax and social security burden. The drastic simplification of tax legislation, as well as the introduction of flat tax for businesses at 15%, the introduction of a single tax scale, and a reduction in social security contributions are proposals which should be considered positively in order to mobilize new investments and business initiatives. The Chamber community also calls for the promotion of a series of reforms that will help improve the business environment and speed up growth. These reforms should aim at upgrading the state’s
operation and public administration; upgrading the quality of the legislative process; shaping a viable, modern and equitable social security system; upgrading education; linking education and research more effectively with research innovation; accelerating privatizations and mobilizing large investments in cooperation with the public and private sectors; speeding up the process of justice; and, completing the national and spatial planning. It is also necessary to formulate a new national manufacturing policy through the promotion and strengthening of dynamic industries, with policies to reduce energy costs and a new strategy for financing investment, as well as measures to strengthen SMEs: with flexible financial tools, incentives and interventions that favor business growth, skills cultivation, extroversion, and access to innovation. In such a critical period for the Greek economy, every passing day matters. Following a difficult decade, we now have the opportunity to go forward again. We have the opportunity to make up for the financial crisis losses and ensure that our country will not again enter into similar adventures in the future. We can do it, with a plan, with seriousness and accountability, and by believing in the potential of Greek businesses and their people. It is the businesses that can and should lead the way in the new era of the Greek economy after the crisis. The Chambers will continue to stand by them, demanding an environment in which they will be able to implement their plans and earn the future they deserve.
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DIAMONDS OF THE GREEK ECONOMY
2019
Grigoris Stergioulis Chairman & CEO, Enterprise Greece
Greece is turning the page, welcoming foreign investment and exporting to the world I 26 I
Greece’s New Economy Greece is changing. Having left behind its recent crisis, the Greek economy is undergoing a transformation and moving into a future of economic growth and prosperity. Important reforms, implemented in the past decade, are bearing fruit: the Greek economy is recovering, public finances have been repaired, and the country’s competitiveness has been restored. Greece is turning outward and is attracting foreign investment and increasing exports. The benefits have started to show. Major multinationals from Chinese shipping giant Cosco, to foreign tour operators TUI and Thomas Cook, to Indian airport operator GMR -- among others -- have chosen to invest in Greece. For a third consecutive year, foreign direct investment in Greece has risen sharply to top pre-crisis levels, reflecting the growing interest of overseas investors in Greek assets, ranging from renewable energy to real estate and hi-tech start-ups. According to the latest data from the Bank of Greece, FDI inflows in 2018 reached an historic high of €3.6 billion, a 13.8% increase over 2017. Overall, FDI has tripled between 2015 and 2018 and is on track for a new record this year. Greek exports are also at a record high, being one of the main drivers of the country’s economic recovery. Greek producers of food and beverage products, industrial and consumer goods, and services are expanding in existing markets and entering new ones from Kenya to Kazakhstan. Food & beverages exports have been a
particular bright spot as Greek producers expand into foreign markets and consumers worldwide grow increasingly aware of the healthful benefits of the Mediterranean diet. Accounting for more than a third of manufacturing output, the Greek F&B sector still has significant potential for further growth and further investment. Overall, exports of goods and services have risen from about 19% of Gross Domestic Product in 2009, to 36.1% of GDP in 2018: the growth demonstrating the enormous increase in export-ready Greek enterprises. Greece’s tourism industry continues to set new records in visitor arrivals and receipts, with the sector contributing an estimated €37 billion in 2018 and accounting for nearly a fifth of GDP. Last year, 33 million tourists visited Greece and the sector is on track to reach a new record in 2019. Over the next five years, the country will need more than €5 billion worth of investment in hotel capacity just to meet the projected demand. Meanwhile, Greece continues to progress with its ambitious, multi-billion euro privatization and public works programs. New roads are being built, and ports, marinas, rail infrastructure and airports are being upgraded across the country. New energy projects from pipelines to power transmission cables are being launched. Combined, these steps are turning Greece into a regional transport, logistics and energy hub for Southeast Europe. Greece is turning the page, welcoming foreign investment and exporting to the world.
A LEADING FORCE IN REAL ESTATE MANAGEMENT
Public Properties Company S.A. owns and manages the largest portfolio of real estate assets throughout Greece and is a wholly owned subsidiary of the Hellenic Corporation of Assets and Participations S.A. (HCAP S.A.). The company’s main activities include: •Managing and capitalizing on its extensive real estate portfolio •Overseeing and tendering of public sector real-estate leases & concessions •Managing and operating public tourism facilities as stand-alone enterprises (the Xenia Hotels, Marinas, Camping Sites, Ski Centers, Museums, Caves, Tourism Kiosks (Café–Snack Bars), Thermal Springs) •Supporting investment through project planning and development Public Properties Company’s strategy includes optimal management and development of the public assets in the company’s portfolio based on three core principles: protecting public property from unlawful encroachment, increasing revenues and profit, and contributing to the economic development of the country.
Public Properties Company S.A. 7 Voulis St., 10562, Athens, Greece Email: info@etasa.gr Website: www.etasa.gr I 27 I
DIAMONDS OF THE GREEK ECONOMY
2019
Dr. Christoforos Sardelis Chairman of BoD, Ethniki Insurance
That is the reason why governments and policymakers ought to take action in order to pave the way for a world with more comprehensive and dynamic coverage I 28 I
Rediscovering the role of the insurance sector The challenges of the insurance market have multiplied and even transformed throughout the last few years. Emerging risks have made their way into our everyday lives, forcing the economy to catch up with all the new developments that have defined a new “normal”. But as the insurance landscape shifts, customers are found to be more adaptable to the new changes than their insurance providers. As it is almost always the case, a series of unprecedented events suffers from lack of sufficient and reliable data, which can be part of the explanation for the gap between the demand and supply sides in the insurance sector. Currently, problems are found both on the asset utilization and the underwriting sides. A quick look at the latest Survey of the Greek Financial System shows that the total risks of an insurance company are almost equally divided between market and underwriting risks. As an effect, the extremely low interest rates that prevail through the past few years implied severe balance sheet pressures on insurance companies, as it is hard to find asset returns compatible with contract guarantees. Moreover, discounting long term liabilities with zero interest rates balloons future obligations and gives the false impression of financial weakness. The World Economic Forum’s Global Risks Perceptions Survey 2018-2019 showed that extreme weather events, failure on climate change mitigation and adaptation, and natural disasters in general, are the three most likely risks of significant concern. Only during 2018, natural disasters cost the
lives of more than 10.000 people and left millions homeless. Since there is no record of such extreme events, it is very hard to predict the constantly changing intensity, frequency and concentration of these events – such as wildfires, floods, typhoons etc. - in order to take effective preventive or safety measures against them. Pricing is one of the main headaches of the insurance sector concerning these new types of emerging risks. Artificial Intelligence (AI) and new hi-tech tools could help the insurance companies exit the maze. Thanks to smart technologies and machine learning systems, risk assessment capabilities could be enhanced and could lead to the creation of new custom made products, according to each individual customer’s needs and pocket. The same applies for cyber-related threats and the new way of measuring the infinite and constantly evolving online risks, where a significant gap is detected. With data breach to be one of the biggest dangers for companies and agencies that handle sensitive information, the numbers of those insured against such an attack but also of the available insurance products out there, are humorous, according to the World Insurance Report 2019. Which leads us to the dreadful assumption that most companies and customers are basically underinsured or even completely uninsured against a new type of “invisible” threat. That is the reason why governments and policymakers ought to take action in order to pave the way for a world with more comprehensive and dynamic coverage.
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DIAMONDS OF THE GREEK ECONOMY
2019
Dimitris Mathios President, Federation of Attica and Piraeus Industries (SVAP)
We should consider that industry still offers (when in full operation) up to 700,000 jobs I 30 I
We should support and rely on industry Greece clearly continues to maintain significant competitive advantages and growth opportunities, as the end of its international loan agreements (memorandums) gives us the opportunity to plan our own growth and determine our own course in the EU on equal competitiveness term. Where to get started: Firstly, we should keep in mind that the European environment is currently favourable for Greece, as it offers an essential safety net to Greek businesses. At the same time, we should also keep in mind that Europe has set a very ambitious target for 2020: To increase the share of industry to the European GDP from its current 15%-17% to 20%. Greece, of course, still lags behind as its industry share in GDP with a one-digit figure (8%) sets the bar from where we have to start at a very low level. This is the lowest rate for half a century, i.e. since 1960. It is a dramatic recession, if combined with low investment in production. We certainly have to do something. We expect that an improvement in the economic climate will push investment higher. But what kind of investment growth should we talk about so as to reach a target of 12% or 15% share by industry in GDP? Industrial investment may increase by more than 15 billion euros annually in the next few years to reach the 100 billion
euros and perhaps 150 billion euros of investment that Greece needs in order to be in line with the rest of Europe and the 20% industrial growth target. But why, necessarily, the industry? If not for anything else, we should consider that industry still offers (when in full operation) up to 700,000 jobs. In addition, there are no other areas to absorb the currently large number unemployed people in the country’s labor market. Can Greece’s economy go through another tough period as in 2008-2018? Just the idea that it is possible to return to 2008 would lead to an overall collapse. The recession will turn into a tsunami that will sweep almost everything, from production to the banking system. That’s where everything will end. Businesses cannot endure another lack of liquidity with a ‘notional’ surplus as an ‘antidote’. The real surplus, combined with the state’s arrears to businesses and suppliers, is enough to knock over any optimism. At such a juncture, overdue debts will jump and the state will be in a state of emergency. From the government’s perspective, the element of optimism prevails, but at the same time worrying gaps are emerging from the political implications to the economy that cause political expectations in 2019. It is up to us to challenge all the negative facts.
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DIAMONDS OF THE GREEK ECONOMY
2019
Achilles Ntavelis President of the Association of Thessalian Enterprises & Industries (STHEV)
Increasing the extroversion of Greek businesses is, now, a great challenge for the national economy I 32 I
Positions and suggestions for improvement in our export performance and extroversion enhancement The enhancement of extroversion is a key strategic option in the framework of the goal to change the productive model of Greece’s economy, and to create conditions for faster and sustainable development, after the economic crisis. In order to achieve a sustainable financial development, all the reforms that will strengthen extroversion must be emphasized. In recent years, within an adverse financial environment, we have particularly noticed that exports of products have steadily increased. Extraversion has worked for many Greek businesses, especially for the Thessalian ones, as an antidote towards the consequences of the recession, mainly against the steep decline in domestic demand. Thessaly ranks in third place among the country’s regions in exports, with the top region being Attica, followed by Central Macedonia. Thessaly accounts for 4.6% of national exports. Export businesses, especially the productive ones, are now the only ones that resist, and the majority of them are going to be relatively healthy, being the only hope for economic growth and the way out of the economic crisis as well. For those businesses, there should be a specific policy so as not merely to support them but also to ensure their sustainability and development, in an increasingly competitive international environment, as well as the deterrence of their transfer/ immigration abroad. The measures that may include such a
policy should be designed and tailored in such a way so as to achieve the desired objective on the one hand, and to ensure compatibility with Community Data on the other. Increasing the extroversion of Greek businesses is, now, a great challenge for the national economy. Our export performance has been improved in recent years, but the significant reduction in labor costs has not been denatured to the extent that should have been into a substantial increase of market share in international trade. Unfortunately, a series of domestic and external barriers stand in the way of businesses in their attempt to conquer international markets. The key to boosting exports remains the need to scale up the Greek businesses. Achieving greater numbers for Greek businesses will boost their productivity through scale economies, allowing them to invest in research and technology, attract skilled staff, and finally strength their negotiating position. The scaleup will create a positive bidirectional relationship between expansiveness and extroversion. The Association of Thessalian Enterprises & Industries (STHEV), through its member businesses and its extrovert character, can contribute to the mapping out of a realistic plan for the development and extroversion of the Region of Thessaly. However, to reach the country’s extroversion goals, there are more to be done. There are still significant structural challenges that we must confront.
B O O K N OW AT O U R H OT E LS & R ES O RTS I N G R E EC E ATHENS | CRE T E | KA M E N A VOURLA | KOS | RH OD ES
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DIAMONDS OF THE GREEK ECONOMY
2019
Evangelos Kaloussis President SEVT
The Food Industry remains Greece’s leading manufacturing sector, a driving force that supports economy, as well as a growth contributor I 34 I
The Greek Food Industry, a growth driver of the Greek economy The Greek Food & Drink Industry is the main industrial sector in Greece with a €14.2 billion turnover, as well as a key job provider, with 1200 active enterprises and more than 360,000 direct and indirect employees. It is a dynamic, competitive and extrovert sector, with strong commercial activity all over the world, and exports reaching an annual value of €4.1 billion, thus a fundamental pillar of the Greek economy. During these changing times, the Greek Food & Drink Industry is called upon to respond to new challenges at national and European levels. Food sufficiency, food waste, fragmentation on the EU internal market, food safety, products’ reformulation, the urgent need to protect the environment and ensure sustainable development, are some of the issues that we face and we will continue to confront in the coming years. We therefore need to tackle these challenges and seize the opportunities that are presented. We need to make the necessary adjustments so that the Food Industry remains a key pillar of the local economy, but also to preserve the important role that nutrition and food play in the everyday life and the perception of our consumers. The Food Industry remains the leading manufacturing sector in the country, a
driving force that supports economy, as well as a growth contributor. At the Federation of Hellenic Food Industries, we put all our efforts towards an improvement in competitiveness and the promotion of research, innovation & extroversion, aiming at ensuring a healthy business environment: an enabling framework that supports the smooth operation and the development of the sector. Consequently, this would help the food companies remain resilient, promote extroversion, invest in new technologies and innovation, support their employees, produce high-quality, added-value products that meet the increased needs of the consumers, both inside and outside the local market. In this respect, food & drink manufacturers are firmly committed to promoting sustainable practices, respecting not only the economic but also the social and environmental aspects of their business, putting consumers’ well-being and satisfaction in the heart of their scope. It is after all the responsibility of the Greek Food Industry to continue to operate responsibly, to offer safe, innovative and affordable products with low environmental footprint, and to provide economic growth, strengthening the links between food, people and the environment.
SOLERGON specializes in the construction of integrated projects, placing emphasis in the energy sector. Its area of expertise lies in the following:
Energy projects Construction of complex integrated projects with the Turn-Key method. Engineering, procurement, construction, installation and commissioning of Turn-Key projects and EM equipment.
Engineering Electrical design of low/medium voltage installations, dimensioning of electrical installations, automation study, grounding studies, lighting of power plants and photovoltaic systems feasibility studies.
Manufacturing Fabrication and machining, of composite structures. Manufacturing of High Pressure parts, vessels and piping.
Maintenance / Repairs Maintenance and repair works in boilers, thermal power stations, high pressure parts and EM equipment at power stations and industries.
Retrofits Upgrades and Retrofits to improve power plant efficiency, reduce emissions and improve equipment performance. Cooperation with the most reliable engineering firms.
Erection Mechanical erection of Turbines and Generators, Conveyors, Harbor Cranes, piping, steel structures and tanks. Complete Electrical erection in energy power plants.
www.solergon.gr I 35 I
DIAMONDS OF THE GREEK ECONOMY
2019
Alkiviadis Kalambokis President of the Exporters Association of Crete
Boosting exports: The only way for economic recovery Greek exports broke a record in 2018, giving exporters the opportunity to prove that they can overcome the obstacles and difficulties that the economic crisis has created, even without government support. With the exit of the memorandum programs, now is the right moment to make a big leap for a substantial recovery of exports and, by extension, of Greece’s economy. An increase in exports must be the top priority of the Government, in order to stimulate economic growth. We need vision, common goals, a national strategy of extroversion, a national brand name for our products and services. At the same time, the Government must eliminate or minimize the obstacles to the smooth functioning of the market. One of the bigger problems is the availability of credit, which is crucial to exporters. This is decisive for small- and mediumsized enterprises, for which the credit constraints are more binding than for large firms. Since small- and medium-sized
Higher exports must be the top priority of the Government, in order to stimulate economic growth I 36 I
enterprises make up the large majority of companies in Greece, improvements in this domain are necessary to favor export growth. Also, the Government should simplify regulation related to exports, as long as bureaucracy procedures negatively affect exporters, especially the new ones. Some moves have been made in this direction, with the establishment of the Export Trade Facilitation Committee, in which we participate, but a lot of work still needs to be done. Finally, very important steps are the improvement of a strategic cooperation between private and public players, the improvement of the productivity and technological content of domestic goods, the creation of a better image for Greece and Greek products, and the reduction in imports. All of the above, in combination with the great quality of our products, will help our exports reach two-digit numbers in the next few years and break a new record.
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DIAMONDS OF THE GREEK ECONOMY
2019
Dimitris P. Giannakopoulos President & CEO of VIANEX S.A.
An immediate need is to increase the state pharmaceutical spending, which is currently much lower than other European countries I 38 I
The way to a pharmaceutical policy Would having a new government mean having the same pharmaceutical policy or would there be a change in direction towards the real needs of the industry and patient coverage? This is a crucial question that needs to be answered by the government that won the July 7, 2019 national elections - and has no grace period for two main reasons. Firstly, because problems are critical: Domestic drug production has been sending a risk signal for a long time. Now, pharmaceutical companies, and especially the Greek ones, are unable to cope with abusive over-taxation, which accounts for up to 70% of their turnover – especially the clawback increases uncontrollably year by year. Together with rebate and patient involvement, a second pharmaceutical expense is now added in addition to the public expenditure. Patient access to new and old wellestablished medicines is at stake. Characteristically, Greece is at risk of losing a generation of innovative treatments, and at the same time 500 codes of old, proven and affordable medicines are at risk of withdrawal. While the industry could make a decisive contribution to the reversal of the Greek economy, as it offers significant addedvalue as well as jobs, the emergence of disinvestment conditions is bringing about the risk of a new generation of heavily indebted businesses. To address the above problems, the new government just cannot say that there are no solutions. This is precisely the second reason why action should
be taken immediately. Pharmaceutical industry institutional representatives have presented a series of substantiated proposals aimed at ensuring the sustainability of both businesses and the health system. An immediate need is to increase the state pharmaceutical spending, which is currently much lower than other European countries. It should also be possible to offset the clawback not only with clinical studies but also with investments in research, development and production. A fairer distribution of clawback is another important factor. With a view to overburdening the expenditure limit that the medicine category itself creates, it is proposed to allocate pharmaceutical expenditure to three fixed/closed budgets: (a) for medicinal products under Law 3816; (b) for on patent drugs; and, (c) for offpatents and generics. In addition, a separate allocation for vaccines should be appropriated for, excluding pharmaceutical expense, as defined by the WHO and OECD – and as it was the case before Greece’s financial crisis. Similar arrangements should be made for blood products, which are still within the cost of pharmaceutical expenditure, in spite of the fact that they are a distinct category with inelastic demand. Finally, the implementation of structural measures to control prescribing, as well as the evaluation and negotiation processes, should be speeded up so that the necessary new treatments enter the compensation system.
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DIAMONDS OF THE GREEK ECONOMY
2019
Michalis Maillis President of the German-Hellenic Chamber of Industry and Commerce
The Chamber insisted on highquality action aimed at entrepreneurs, who did not hesitate in the face of adversity, who gave their best for the future I 40 I
Diamond Enterprises as a pillar for Greek GDP growth Healthy and strong entrepreneurship is a prerequisite for Greece to remain firmly committed to growth, with the economy improving its scale, aiming at achieving a stronger GDP, boosting employment and increasing the living standards of Greek citizens. The recent debt crisis we all experienced, taught us much — for example, sacrifices and boldness are required in order to return to growth, and sacrifices must not go to waste. The crisis made us wiser, more prudent, more resourceful and, most importantly, gave us the opportunity to discover our limits. In the past 10 years, which were truly hard, much was lost: jobs, capital, pay, income, rights, but one thing did not disappear: entrepreneurs who believed in their power and ideas, who decided to undergo painful ordeals in an exceptionally unfavourable economic environment, staking a claim not just to their survival, but to their distinction and high performance. This performance raised the bar of entrepreneurship very high. In post-memorandum Greece, there were many examples of enterprises that ‘won the wager’ of growth, extroversion, innovation, succession, and it was these examples that kept the market alive and laid the foundations for a developing economy. It was the ‘diamond enterprises’ that left their mark on the future, standing out for their achievements. We should remember that excellence in business is not a trivial matter. It requires innovative ideas, good strategic planning, a solid execution plan, adaptability to new circumstances and quick reflexes in the face of competition. Above all else, however, it requires the contribution of the state in ensuring a healthy economic environment, providing investment incentives, enacting a stable taxation framework, instituting productive, non-bureaucratic procedures, and safeguarding transparency in transactions. Entrepreneurs need reforms that will support the qualitative upgrading of the economy and will create the conditions necessary to lead the country to sustainable development. In fact, this is the ‘wager’ that the state must win in order to attract new, international investors and boost and reward business
excellence. Strong business will make a difference, will change the economic climate, will boost the GDP, will create new jobs and will keep Greece firmly on a path of development. Throughout the country’s debt crisis and particularly after the first memorandum (international loan agreement) and until the end of the third memorandum agreement, the German-Hellenic Chamber of Industry and Commerce supported healthy entrepreneurship, provided many opportunities for extroverted action, created suitable conditions for over 900 B2B Greek-German business meetings in recent years, and invested in education and its connection to the labour market. The Chamber insisted on high-quality action aimed at entrepreneurs, who did not hesitate in the face of adversity, who gave their best for the future. From 2016 to 2018 alone, the Chamber opened a commercial action channel in Germany for the participation of 1,695 Greek and Cypriot companies, which participated as exhibitors in international exhibitions held in Germany and other countries by German Exhibition Organisations. During the same period, 30,911 interested parties from Greece and Cyprus visited these exhibitions, seeking out new partnerships. The German-Hellenic Chamber brought Greece closer to Germany, the largest economy in Europe, a market that has invested over 3 billion euros in Greece and whose enterprises employ over 28,000 persons, with an annual turnover of 7.1 billion euros. Furthermore, Germany is a key supplier of tourism to Greece, with 4 million tourists in 2018, and one of the Greece’s strongest commercial partners, with Greek exports to Germany increasing 4.6% in 2018. A firm believer in the prospects of the Greek economy and ‘hidden’ investment opportunities in Greece, the GermanHellenic Chamber will continue taking new action to support every endeavour aiming at strengthening a healthy business model for the growth of the Greek economy, during a period when Greece is turning a new page on all levels and requires more than ever before ‘diamond enterprises’ in order to improve its macroeconomic aggregates.
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DIAMONDS OF THE GREEK ECONOMY
2019
From “Made in China” to “Welcome China” Constantine N. Yannidis President of the Hellenic Chinese Chamber of Commerce, Industry, Tourism and Shipping, Entrepreneur, President of VITEX - YANNIDIS BROS S.A.
Bilateral relations are continuously growing, year after year, as this is apparent in the trade balance I 42 I
China: Dreamless dream or the land of promise “MADE IN CHINA” The “Made in China” sign became more popular in our daily lives in the 1990s. This was the driver behind 21 Greek and 4 Chinese entrepreneurs who in 1993 decided to establish a Hellenic Chinese association with the prospect of further developing it into a Bilateral Chamber. This was eventually achieved in 1995, and since then the Hellenic - Chinese Chamber of Commerce, Industry, Tourism and Shipping has been working firmly on its objectives of promoting Greek extroversion, resolving difficulties and assisting bilateral trade. The projected business needs have evolved in recent years as “Made in China” has been transforming from an “inexpensive but honest” solution into a necessity for Greek extroversion. ONE BELT ONE ROAD The “One belt One Road” concept is becoming more and more understandable to the general public, with more businesspeople wanting to be part of this concept year after year. From a vision of the Chinese government, to action from every party involved in it, the “Silk road” is growing and consolidating in its path, becoming the “One belt One Road”. The opportunities that are presented are great for both the affected national economies in general, and participating local businesses in particular. However, the cost to smalland medium-sized enterprises is often disproportionate to the potential of such business, as the corporate minimum size for participating in related projects or cooperations is substantial, while it also requires patience, significant capital and flexibility in decision making. GOLDEN VISA Greece’s 2013 fiscal stability program is paying off in a slow but increasing rate for both the Greek real estate market and the participating buyers. Chinese buyers are the largest of the foreign buyer groups that prefer our country, as Piraeus Port is regarded as the “entrance” to the Western world. The Chinese are known to have special admiration for Greek culture and history (as Greeks do for Chinese culture and history), and want to become familiar with Greeks and the Western world. This has resulted in a boost in incoming tourism from China, not only in numbers but also in the extension of Greece’s tourism season, caused both by the varying popular holiday periods in China, many of which are not during the Greek high season (June – September), and by the increasing popularity amongst middle- and upper-class Chinese to stage their wedding ceremonies, in groups or independently, in popular and world-known Greek locations, such as Santorini and Crete islands and other places around Greece. A direct Beijing - Athens flight is the most important route for incoming tourism. Hopefully, the launch of a second direct flight
from Shanghai to Athens will further accelerate this tourism inflow. Procedures tend to be simplified from a time perspective, but there should be mechanisms to ensure this process for both sides equally, so as to boost state revenue, reduce economic loss and stabilize the demand-supply ratio. HELLENIC EXTROVERSION Greece - China bilateral relations are continuously growing, year after year, as this is apparent in the trade balance, with potential for further improvement on the Greek side. Many Greek businesses and individuals are interested in entering trade partnerships with Chinese firms, and are working on this direction. The Hellenic - Chinese Chamber of Commerce, Industry, Tourism and Shipping, assists its members to identify the appropriate partners, and welcomes Chinese delegations of government representatives and entrepreneurs from various sectors whishing to cooperate with Greek businesses. The Chinese delegations present the region they come from, their business and products, and evaluate the potential for possible partnerships. The Chamber, owing to its institutional role, holds high regard amongst Chinese institutional partners and its members respectively. It has been a firm strategic partner for bilateral relations between Greece and China for over 24 years. The main concerns of Greek members are: the vast number of Chinese companies on the web, communication difficulties, the high cost of establishing cooperation, product insurance during transportation, inability of frequent field visits due to the long distance between the two countries, and the fear of potential failure in the forthcoming cooperation. Unfortunately, there are many cases in which some entrepreneurs prefer to make a market visit without support from the Chamber, thus encountering so many obstacles and new procedures that may be either complicated or very different from what they know, resulting to loss of capital - a case that requires advisory support from the Chamber. The Hellenic Chinese Chamber of Commerce, Industry, Tourism and Shipping can also settle any issues that arise in bilateral relations. Institutionally, it is the body that can communicate with state agencies and guarantee the right process of cooperation between the two sides. It does not charge commissions for the facilitation in the processes/problems that arise (as it has been encountered by various Greek Chinese “Cooperation - like Associations”, in recent years); its only revenues are generated from subscriptions of existing members and registration fees of new members. The Chamber has achieved close ties through long-term collaboration with the Chinese embassy in Athens and the relevant Greek authorities, while it organizes workshops to inform interested parties and is actively present in Chinese - Greek trade developments.
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DIAMONDS OF THE GREEK ECONOMY
2019
Ioulia Tseti Chief Executive Officer Tsetis Group of Pharmaceutical Enterprises (OFET)
Uni-pharma and InterMed are the only pharmaceutical companies among 30 companies in Greece, which are members of the UN Global Compact Network Hellas I 44 I
Investment, exports, social responsibility: The diamonds of OFET Continuous investment, intense extroversion, social sensitivity and a society of values are the core elements in the strategy followed by Tsetis Group of Pharmaceutical Enterprises (OFET). On this axis, the Group is mapping out its next steps, with the pharmaceutical companies Uni-pharma and InterMed and a Cyprusbased trading company, Pharmabelle. Together with my sister Irene Tsetis, we have been carrying on in the same dynamic spirit the pioneering work of our parents, Kleon and Sonia Tsetis: An ambitious and bold project, which today classifies the two pharmaceutical companies at the top of industrial production, the economy and modern entrepreneurship! Bold investments The Group has made several major investments totaling more than 80 million euros in the following assets: three factories, one of which is state-of-art for Greece and Europe; renovation of Unipharma’s first historical plant; intense export activity in as many as 64 countries under the brand names Uni-pharma and InterMed; and, employing a staff of over 500, of which 57% are highly-skilled and 38% are women. Notably, over the past three years (2015-2018), the Group added 150 new jobs. Annual output reaches 2.5 million tablets and 50 million injection units. The Group’s investment plan in the next three years (2019-2021) tops 15 million euros, including the completion of a major revamping of our first and historic plant on the Athens-Lamia National Road, and the creation of a modern Logistics Center. In addition, a new facility for medicinal plant extracts, Uniherbo, is currently in its final stage of construction; that will also operate as a study and research institute for educational and training purposes for students and young scientists. This new project has filled us with special satisfaction and joy. Brands making history From Salospir, the first acetylsalicylic acid product released in Europe in the form of enteric-coated tablets, Apotel, the
world’s first paracetamol injection product, Algofren and T4, to the innovative and award-winning Trebon Grippe Day & Night and EVA Mycosis, the Group’s portfolio includes innovative products that have been making and continue to make history in the pharmaceutical industry. And yet, 38 national and 14 international patents are currently in progress, demonstrating that research is our top priority if we are to anticipate developments and be prominent in the years to come in the fields of health and industrial advancement. Social sensitivity means responsibility Besides investment and exports, OFET also wholeheartedly focuses on society and excellence, through a series of important and publicly beneficial actions, and in particular through the Group’s robust and human-centered Corporate Social Responsibility Strategy, “U & I Care”. Actions that respect and enhance society are always at the forefront, including preventative medical and dental examinations through MISSION of LIFE program in remote areas; support to the new generation of scientists through AMKE KLEON TSETIS (a non-profit, Institution);, Voluntary Blood Donations; actions for our big home - the Environment and the sea – through the Save the Sea program; and, student visits to the Group’s new, stateof-the-art factory. The Groups also places emphasis on research and new generation of scientists through “Science on the Go”, OFET’s mobile workshops that travels all over Greece to promote practical science together with educational and academic institutions. Uni-pharma and InterMed are the only pharmaceutical companies among 30 companies in Greece, which are proud members of the UN Global Compact Network Hellas. We declare both Present and Active because we are Passionate with our country, with our Potential and because we CAN to be actively present in the current global pharmaceutical, health and business environment, as well as in the next day of our country’s growth and sustainability.
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DIAMONDS OF THE GREEK ECONOMY
2019
Thanasis Mouchtis General Manager, PEI.FA.SYN.
The enormous volume of scientific data will make it impossible for the human brain to assimilate and process. The use of big data in health, artificial intelligence and robotic interventions will change the setting in the healthcare market I 46 I
The health sector ahead of the 4th industrial revolution The first Industrial Revolution began in 1760 with the use of water and the steam engine, creating many and heavy industrial processes; the second industrial revolution started in 1870 with use and spread of electricity; and, the third in 1970 with the information technology, personal computers, automation of production and the internet. The fourth industrial revolution - or Digital Revolution, began only a few years ago and will create realities that we have so far considered unthinkable. The intersection of artificial intelligence, nanotechnology, three-dimensional printing, the interconnection of everything through electronic sensors and the Internet, the Internet of Things (IoT), or -for many- the Internet of Everything (IoE), the use drones, BIG DATA, the collection of these data through social networking and wearables, energy storage, robotics and other new technologies, are set to change the business model of every branch of the economy. Automations will significantly replace manual work. Replacement of machine operators and the loss of millions of jobs will create major social issues, thus worsening the gap between developed and developing countries, intensifying migratory flows. Two-thirds of today’s elementary school pupils, when they enter the labor market, will do jobs that not only do not currently exist, but they are not even imagined. Workers will need to change different professions during their working career, re-trained each time. The speed of these innovations requires us to change management mindsets. Current ethical, legal and regulatory approaches are not sufficient. According to Daniel Zajfman, President of Israel’s Weizmann Institute, it appears
that for the first time in human evolution, the speed of change exceeds the human brain’s ability to deal with it. The 4th Industrial Revolution brings critical questions about who owns our sensitive personal data, what bias there is, who has access to it, and how to process it. There is a risk (or certainty?) about the appropriation of health data by global technology giants and by insurance companies, with possible commercialization of them. UK’s National Health Service (NHS) is the world’s largest provider of health services. It has a responsibility for a population of 53 million people, and it performs 15 million diagnoses a year. The use of artificial intelligence and new technologies has made the system 14 times faster, while at the same time it has brought great savings. The enormous volume of scientific data will make it impossible for the human brain to digest and process them. The use of big data in health, artificial intelligence and robotic interventions will change the setting in the healthcare market. But the above will greatly help in the development of new drugs and individualized therapies, and also in the more effective and precise prevention and devotedness process. Classic surgeries by physicians will be difficult to compete in accuracy, speed and effectiveness with the robotic procedures. Robots will not replace doctors, but doctors who will not use robots will be replaced. Over the next decade, the power of AI and the role it will play in health care will be enormous. The use of more accurate medicines and treatments will make treatment simpler, more accessible and less costly. However, the question that remains to be answered is to what extent all the inhabitants of the world will have access to these new therapies and innovations.
leading the digital transformation
I 47 I
DIAMONDS OF THE GREEK ECONOMY
2019
Stefania GeorgakakouKoutsonikou CEO of Central Markets and Fishery Organizations (CMFO) SA
The estimated annual value of products traded is approx. €1.5b, and estimated employment in wholesale alone is approx. 3,500 I 48 I
Investing in infrastructure to support entrepreneurship Central Markets and Fishery Organizations (CMFO) SA is a state-owned enterprise operating central markets for fruits and vegetables, meat and seafood all over Greece. Our main goal is to provide all necessary infrastructure and services to facilitate organised distribution and trade of perishables. Central markets hold a key role in the supply chain of perishables, acting as outlet markets for agricultural produce and fish, pairing supply and demand and creating an environment of healthy competition among enterprises, thus achieving fair prices for producers and consumers. In addition, central markets provide the necessary hygienic conditions for trade and facilitate the implementation of state controls and regulations, in order to maintain high quality standards. Even though often ‘invisible’, central markets have an important role in ensuring the uninterrupted supply of food to consumers, as well as in supporting businesses operating in the perishables sector. As many as 700 wholesale companies operate out of CMFO facilities, trading the products of 30,000 producers and serving 25,000 retail SMEs. The estimated annual value of products traded is approx. €1.5b, and estimated employment in wholesale alone is approx. 3,500. As Greece’s agricultural sector has been rapidly growing over the past years, market infrastructure and organised logistics are crucial in order to sustain growing exports and the increasing and diversified catering demands of tourism. Designed and built more than 50 years ago, the country’s central markets have reached their capacity and cannot meet the growing needs. Substantial investments are urgently needed, which will lay the foundations for the growth of both wholesale and agricultural sector, especially for export oriented businesses; investments that would probably be unviable for any single private company. It is thus the public sector’s essential role to realise them, in order to support private entrepreneurship. It is the essence of an efficient state, building a healthy and effective cooperation between
the public and private sector, which contributes to long-term development and growth. Focused on fulfilling our public mission, we prioritise investment in facilities and infrastructure to conform to international standards and good practices. The company’s Master Plan 2018-2022 includes infrastructure improvements in the Central Market of Athens as the main priority, starting in 2019 with the upgrade of cold store facilities, a new access control, traffic management and parking system, a security and surveillance system, and the upgrade of telecom networks. An international architectural design tender is also scheduled in 2019, for the redesign of the Central Market in order to expand the market’s capacity and include new products. CMFO’s long term planning includes the development of a network of agrologistic centres throughout the country. The first step towards that goal is the development of the first Agrologistics Center in Greece, in Thessaloniki, a project undertaken along with the Central Market of Thessaloniki, which is expected to reach the state of maturity in the next few months. Apart from our investment programme, we also focus on our social and environmental footprint. In the aftermath of the economic crisis, when food insecurity had reached its height, battling food waste has become imperative for CMFO. The Organisation implements high standards for storing and preserving perishables, while, at the same time, the concentration of wholesale companies in central markets facilitates saving unallocated goods and directing them to vulnerable social groups. We have also developed a programme for optimizing our waste management. We are currently implementing a recycling scheme for organic waste, recovering more than 40% for composting purposes, in collaboration with the Region of Attica. Our plan in the following years is to further improve recovery rates, by designing a new sorting-at-source system, as well as exploiting organic waste for energy generation.
I 49 I
DIAMONDS OF THE GREEK ECONOMY
2019
Andreas Dimitriou President of “PINDOS” Ioannina Agricultural Poultry Cooperative
Within the maelstrom of the economic crisis, we still managed to ensure the group’s steady growth and development I 50 I
Responsibility towards customers, employees and the society The economic crisis which struck our country nearly nine years ago left a deep and lasting impression on our economy – and on Greek society. Today, our country must stand upright again and chart its own course at a time of important challenges, both great and small. This new course must be based on creativity and healthy, sustainable development that will finally unleash this country’s tremendous potential – especially in rural Greece. For this to happen, beyond planning, something else is needed as well: faith in our abilities, faith in our country. This is what all of us here at PINDOS have been doing for 60 years now, keeping Greece and our own special place, Epirus, at the centre of our every effort. Within the maelstrom of the economic crisis, we still managed to ensure the group’s steady growth and development – with our principles and values intact. We are also proud of the fact that for six decades we have successfully realized the dream of the original founders of PINDOS, offering our very best to our customers, our region and society. “PINDOS” Ioannina Agricultural Poultry Cooperative is different in many ways: not only because, in the depth of a severe economic crisis, we managed to do extraordinarily well as a business, but
mainly because we proved in practice that the cooperative, as a business model, is reliable and can be a source of real strength. In fact, it can be considered an exemplary international model of entrepreneurial professionalism for the poultry industry and for the wider livestock-farming sector as a whole. We believe that this union, this joining of forces, is capable of unlocking Greece’s growth potential. There are, however, certain preconditions that must be met. The road to success passes through transparency, knowledge, vision and careful planning. All of us, the great family of PINDOS, understand very well that in order to conquer the summit, we must first create a strong and stable foundation. With 500 farmer-producer members and 1200 employees, PINDOS has maintained its leadership in the Greek poultry industry for 60 years. However, we are neither complacent nor content to just remain where we are. Our commitment is to spread the benefits of our efforts to as many people as possible. That is why we are continuously investing in sustainable development. Because for all of us at “PINDOS”, success comes via responsibility: responsibility towards our customers, our employees and the society.
I 51 I
DIAMONDS OF THE GREEK ECONOMY
2019
George Trakakis CEO, Eurochartiki
The Company’s vision is to be regarded as the most reliable and valuable firm in paper tissue treatment and detergents production I 52 I
Investing in Greece through technology, quality and innovation Eurochartiki stands among the few remaining industrial legacies in Greece. With more than 34 years of valuable experience and expertise in our field, we continuously develop and improve our products for the benefit of our customers. Eurochartiki’s competitive advantage relies on its expertise in two distinct business units, the paper tissue treatment and detergents production. This attribute allows the company to outperform, distinguish and generate value for its shareholders, the entire market it operates in, and –above all- for customers. For Eurochartiki, evolution is a neverending process with a key focus on maintaining the quality of products. Facing the challenges of Greece’s economic crisis, we used our drive and commitment to invest 17 million euros in technological equipment, automatic palletizing systems, production and storage facilities. Acting with courage and challenging our status quo in such tough times is part of our business value, which derives from our passion to offer superior quality products and high customer satisfaction at any cost.
Moreover, our success is based on our human resources, with staff numbers rising by 22% in the past two years. Ensuring a pleasant, safe and rewarding working environment to those dedicated and talented people who work hand in hand as members of a family business, we continually invest in training so that they develop their skills and capabilities to face the challenges of the future. The Company’s vision is to be regarded as the most reliable and valuable firm in paper tissue treatment and detergents production, ensuring profitable growth and establishing long-term customer relationships. Our reputation for acting with integrity and respect for our customers, employees and shareholders lies on our commitment for excellence, teamwork and moral values. In this challenging institutional context, I feel truly proud of Eurochartiki’s productive power. I can assure our clients and shareholders that the company will continue to provide positive impact and progress, safeguarding the future of the Greek industry.
I 53 I
DIAMONDS OF THE GREEK ECONOMY
2019
Demetrios Papacostas General Manager, EDA Attikis
The company is in fact proud to exhibit a very successful expansion record which is linked to its high profitability I 54 I
Eda Attikis is moving ahead The natural gas market in Greece, which has been liberalized since the beginning of 2018, is now operating as such for a second consecutive year. The initial, rather minor problems, have all been resolved and the 15 out of the 42 licensed providers that are currently operating in Greece are successfully acquiring new customers and are continuously improving their services. The free market has brought about attractive packages that combine natural gas and electricity and also provide for additional free products in order to intrigue clients. As expected, the free natural gas market has brought about, through competition, a boom to the number of customers. More and more residents are applying for gas connections to their houses being close to the central pipelines, or are forming small groups to make a pipe expansion financially attractive. The Attiki Natural Gas Distribution Company (EDA Attikis) is the company that operates, maintains and expands the natural gas network in the geographical area of Attiki. Acting as an independent distributor, the company must secure a safe, operable and efficient natural gas network for all users. In addition, one of its main tasks is to expand its network so that natural gas, as an economical and environmentally friendly energy product, becomes accessible to all residents of the Attica region.
The company is in fact proud to exhibit a very successful expansion record which is linked to its high profitability. During the last 2 years, the new gas connections have been increased by 25% and net profit after taxes in 2018 is by 37% higher than 2017. This is the result of high demand and several promotional activities, such as subsidies, awareness publicity, direct cooperation with municipalities etc., and also the outcome of sound and effective management. The high profitability records are continuing, the company’s net profit after taxes during the first 3rd of 2019 is by 122% higher than the same period in 2018. And of course the effort continues on. EDA Attikis has designed a very ambitious development program which calls for doubling up customer connections by 2025. This will significantly increase natural gas penetration in the Attica region, it will give access to gas for a large portion of residents, professionals and industries of the area, and it will eventually result in a decrease of natural gas prices to the end customer. Natural gas is a product that contributes to a clean environment, that relieves household economics and that involves a market which creates new jobs. The social impact of our operations is enhanced by our sensitivity in Corporate Social Responsibilty (CSR) activities that provide relief to people in need and contribute to a sustainable society.
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I 55 I
DIAMONDS OF THE GREEK ECONOMY
2019
Nikitas Printzos President of AGRICULTURAL COOPERATIVE VOLOS – EVOL
Rural sector problems It is a fact that Greece is experiencing a profoundly multifaceted, complex, social and economic crisis. This crisis has affected agriculture as well as livestock farming. The decline in the rural population, the major structural problems faced by farmers, high production costs, excessive taxation, and abusive insurance contributions do not allow farmers to produce and live dignified. This dire situation requires major decisions. We all believe that we agree that the agricultural sector is one of the main pillars that can help our country come out of the deadlock it has reached. Players in this effort are Farmers and Livestock Farmers. If they fail to produce, if they collapse, then the productive fabric of our national economy will be destroyed. It is now time for the two sides of the agricultural problem --the state and the farmers-- to creatively engage in defining the strategic goal. Proposals for rural sector development ● Reduction of production costs through reduction of taxes, insurance contributions and energy, as well as through infrastructure projects (water barriers, reservoirs, renewable energy sources) ● Support and reinforcement of cooperatives and producer groups
The Cooperative in 2019 aims to maintain the growth momentum it enjoyed in recent years and achieve positive results this year as well I 56 I
● Production of innovative agricultural products of high nutritional value, small volume and high value, with emphasis on standardization-processing ● Exploitation of public agricultural land Land Bank ● Granting subsidies only to growers and producers The Cooperative The Agricultural Cooperative of Volos was founded in 1929, and in 1952 it established the EVOL Dairy Industry. The Cooperative is a healthy organization that provides important services to farmers not only in its prefecture but also in the Thessaly area, with interventions in agricultural products prices.
Investments Over the past 10 years, major investments have been made, totaling 10 million euros, integrated into investment-subsidized programs. More specifically, an investment valued at 6.5 million euros, subsidized by 43%, was completed for the construction of a new factory wing, and three more investment programs, of a total value of 3.5 million euros, have been included in National Development Programs with a 40% subsidy. The remaining funds required to complete the investment have been covered by equity, with no borrowing. These investments have helped EVOL upgrade building infrastructure and mechanical equipment in the Bottling, Cheese and Yoghurt sections of the Dairy Industry. Τhe completion of these projects turned EVOL into a modern Dairy Industry, an example to be imitated throughout Greece. Objectives and prospects
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The Cooperative in 2019 will focus its efforts on maintaining the healthy growth it has enjoyed in recent years, and achieve positive results this year as well. In the agricultural sector, the Organization will make every effort to help farmers (farmers and livestock breeders) by offering low-priced agricultural supplies and by intervening in the market for agricultural and livestock products with higher prices over time. With greater intensity, the Agricultural Cooperative will focus on supporting the rural world to overcome the difficulties faced by this sensitive area of Greece’s national economy. Another objective of the Agricultural Cooperative is the production of new, high nutritional value products, and the expansion of its distribution network to most areas around the country, targeting its presence throughout Greece by 2020. Our belief is that the future of the Agricultural Cooperative is auspicious despite the great economic recession in the Greek market. This is because we rely on our quality products and their acceptance and support from a wide consumer base.
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I 57 I
DIAMONDS OF THE GREEK ECONOMY
2019
Athanasios Syrianos President and Chief Executive Officer of Hellenic Brewery of Atalanti
Greek Brewing Sector 2019 is the first year following the economic crisis that started with moderate growth in the Greek economy, hopefully being the year setting a new era – an era of socioeconomic stability where entrepreneurship will thrive. In this positive environment the Greek brewing sector is ready to further evolve and develop, increasingly supporting the national economy. For all of us at Hellenic Brewery of Atalanti, 2019 is both a celebration and landmark. We are celebrating our 30 years in the Greek brewing sector and we are ready to begin a new era, building on our strong history while always looking forward, to cross for new limits and different challenges to
30 years has been a unique journey I 58 I
overcome. Today, we are proud that our company is an independent brewery, setting its own unique course in the Greek market. With a product portfolio including 10 exquisite beers “born and raised” in Atalanti by our inspired and hardworking team, we consider ourselves innovators since we have succeeded, despite the obstacles we had to face, to come out of the crisis stronger than ever. Focusing on the years to come, we are confident that through our exemplary operation, unprecedented dedication and passion for beer, Hellenic Brewery of Atalanti will lead the changes in the Greek brewing sector, highlighting Greek beer as an amazing product.
I 59 I
DIAMONDS OF THE GREEK ECONOMY
2019
Nikos Georgiou General Manager PPG Greece & SE Europe
We are One PPG PPG Hellas is a leading company in Automotive Refinish Coatings in Greece and Balkans. The journey begins back in 1989 with Ital Croma LTD, its Max Meyer Brand and a great leader Leonidas Antonakos. Unfortunately, in 1993 the organization had to go through some significant changes due to Leonidas’ sudden loss in a car accident. After that, the company continued operation as a subsidiary of Max Meyer; in 1997 it was engrossed by PPG Industries, a truly innovative global organization widely recognized as a world leader in coatings that protect and extend the lifetime of customers’ assets. In 2018, PPG reported total net sales of $15.4 billion, while it ranked 183 on the Fortune 500. PPG shares are traded on the New York Stock Exchange. By 2000, PPG had included in its portfolio a great product line, ICI Autocolor, which was later renamed NEXA Autocolor. Moving forward with innovation in strategy and product implementation, in 2002 PPG commenced the development under an X-Brands organization. Within this frame, in 2013, two powerful Business Units joined the PPG Hellas family with significant impact and share in the domestic market, operating in Greece for more than 20 years: Architectural Coatings (AC) and Protective & Marine Coatings (PMC). That was the first time in PPG EMEA that different Business Units got together
Our purpose: Το protect and beautify the world I 60 I
under the same general management and facilities, being the pioneers to establish the “One PPG” vision. The plan was a success thanks to the efforts and contribution by Nikos Georgiou, General Manager Greece, who managed to lead, enable, empower and inspire the people, helped them succeed and build diverse and inclusive teams in order to extent each ones’ accomplishments and assets to the highest level. Since then, PPG Hellas delivers consistent growth by exceeding market and customer needs, expanding its portfolio in regions where PPG was underrepresented and providing a comprehensive range of coatings with solutions suited to all requirements and sustainability goals. Greece’s financial crisis in the past few years contributed to an unstable and competitive market environment in general, with major obstacles in most industrial sectors. However, in such a fluctuating and uncertain environment, the Greek team’s work, counting so far 31 years of experience, resulted in impressive 2018 sales of €13.3 million – with Refinish up 15% compared to 2017, Architectural +20% and PMC Coatings +7%. In this context, it is worth mentioning that PPG Hellas has recently undertaken one more business unit, Aerospace, with the main target being to expand PPG’s world leading technologies across the breadth in one more dominant sector of the Greek market.
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DIAMONDS OF THE GREEK ECONOMY
2019
Andreas Galanopoulos BoD Chairman, Pharmacists’ Supplying Cooperative of Attica (PRO.SY.F.A.P.E.)
We remain committed to delivering a best-in-class customer experience through the design of innovative services and solutions I 62 I
Profile of Pharmacists’ Supplying Cooperative of Attica Group PRO.SY.F.A.P.E. (Pharmacists’ Supplying Cooperative of Attica) is the largest pharmaceutical and non pharmaceutical distribution services companies in Greece, helping its pharmacy members – shareholders and customers to improve patient access to products and enhance patient care. In 2018 our revenues increased 3% to €293 million and our EBITDA increased 50% due to our ability to execute and deliver value propositions to our pharmacies. With zero debts on bank loans and beneficial agreements with the industry we reimburse value to our pharmacies. Focused on our promise to deliver products only for the Greek market, for another consequent year we were not involved in exports. We remain committed to delivering a bestin-class customer experience through the design of innovative services and solutions that unlock new value for our 1680 pharmacies which are situated in Attica, the island of Corfu, Fthiotida, Viotia (East Mainland Greece), the coastline of North Peloponnese (Korinthos), Ioannina and the greater are of Epirus prefecture. Our automated distribution network enables the successful and efficient navigation of a supply chain while maintaining product
safety and security, in compliance to the EU regulations and our quality system ISO 9001:2015. 2018 was the beginning of a new mutually beneficial agreement with UNI Pharma. With this strategic move PRO.SY.F.A.P.E. has unlocked the possibility of becoming one of the key players in 3PL. Our 300 dedicated associates, stuff, think, plan and act strategically to improve efficiency, support growth, build long-term, sustainable value for our pharmacists’. We have great appreciation for and confidence in our strong team and recognize that further development of our talent will continue to power our ability to execute and drive growth. The healthcare system will continue to evolve and we recognize that significant changes are on the move. In this dynamic environment, the scale and scope of PRO.SY.F.A.P.E’s value to its partners, its shareholders, and customers and to the healthcare system overall, continue to be undeniable. Our unique ability to provide services and efficiency within the supply chain for the last 40 years is essential to pharmacies and patient care and we shall continue to do so true to our promises as the largest Pharmacists’ Supplying Cooperative Group in Greece.
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www.megaplast.gr Greece - UK - Germany - Italy - Spain - France - USA I 63 I
DIAMONDS OF THE GREEK ECONOMY
2019
Lili Perganta President & CEO, Power Health
First Greek alternative company able to design its own products offering natural solutions to everyday health problems I 64 I
The nature’s pharmacy continues to evolve and innovate I always believed that in order to succeed you must love what you do, dream with the soul and visualize with your mind. Besides, the word vision includes the concepts of evolution, future, insight, strategy. Power Health has all these ingredients that have contributed to its successful and decent 35 year journey by opening the road to alternative products, having contributed to the sector of Food Supplements to be recognized as an important chapter of the Greek economy, the Greek way of life and the Health Sector, officially in recent years. Being the first Greek company that believed in food supplements, we had the advantage to do it in the most proper and decent way. We set up strong bases, paving the way for a new way of life that helped to the creation of a new shelf in the Greek pharmacy, but also a section that was initially disputed, but then many followed it. The creation of the Research and Development Section in 2003 marks a new era for our company. Power Health is pioneering and evolving into the first Greek alternative company able to design its own products offering natural solutions to everyday health problems. Alternative health products are the evolution of nature in its most advanced, innovative, effective and absorbable form. The pharmacy of
nature enters other dimensions, adopting new technologies and investing in new pharmaceutical forms. This does not mean that we are not continuing to invest in pure dietary supplements that is our base. However, if we want to respond to the needs of consumers, we must focus on developing more and more specialized products with targeted action. We create synergistic formulations that act on many levels, we detect the need for a product that will help us feel and be good as we grow and we open up a new section of healthy ageing supplements in the pharmacy, we identify the need for sports nutrition products that appeal to people who exercise and want to improve their performance in natural and safe ways, we highlight the power of the Greek treasures of nature such as olive, oregano, thyme, honey, Cretan dittany, Chios Mastic. Quality and innovation, which are the pillars of our philosophy and strategy, built up the third pillar, international expansion and the emergence of the Greek entrepreneurship. Our vision of seeing Greek products from the pharmacy of nature on the shelves of the world’s pharmacies takes place year after year, making it an extremely important investment that meets the foreign markets and gains respect and recognition.
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DIAMONDS OF THE GREEK ECONOMY
2019
Marios & Chris Gotsopoulos Presidents & CEO, GRECO STROM
Our main goal is to keep our brand name GRECO STROM connected with superior quality in sleep products and to maintain its top position in the domestic and international industry forum I 66 I
Improving your product is the secret of success GRECO STROM. A purely Greek family business with more than 55 years of experience, invests daily in quality, innovation and expertise in the design of bedding and sleeping products, opening new perspectives in the Greek and international market. At the same time, the company successfully operates in hotel, medical, shipping, hospital equipment as well as with absolute respect and sensitivity in baby sleeping products. Constantly pursuing its development path, it has created the conditions for a new historical revenue. In recent years and while the Greek economy is shaken by the upcoming economic crisis, the company takes the risk and invests in plant expansion, purchases state-of-theart mechanical equipment with huge daily production capacity, while being staffed with well trained personnel. The above provisions framed together with new subversive commercial policies that are planned to be followed next year, as well as new strategic partnerships mark a year of significant growth for the company, in terms of market share, sales and profitability. As a result, in 2018, GRECO STROM marks another year of high economic performance recording a sales leap, showing a 29% increase in
gross revenue over the previous year. Regarding the year 2019, it is expected to be the contribution from the development of the retail network, from the hotel projects, but also from the methodically evolving promotion of its products to the foreign markets compared to the previous years. Besides, for GRECO STROM it is imperative to develop a strategy of business extroversion. Unquestionably, the company products can compete with other countries’ products, as they have high quality characteristics and fully comply with international standards. Exporting activity is currently taking place in many countries such as Cyprus, Malta, the Czech Republic, Croatia, and Slovakia, while new marketing agreements are being developed in the short term to expand its export business to other countries. GRECO STROM, looking ahead in the future, will continuously invest in both its production growth and new technologies. The aim is to search for the best development practices, aiming to rebuild key operating foundations that will bring new dynamic to the company by helping to add value and services to its products and to reduce unnecessary operating costs to further enhance its profitability.
Global presence is our passion More than 2.000 Products Worldwide At DEMO we value the quality of our pharmaceutical products, our healthy approach to entrepreneurship, the mutual trust we build with our partners and our ability to rapidly respond to the needs of the Global Market. Our success is based on the large scale production, attained through strategic investments, and on the rapid expansion of our product portfolio, achieved through a carefully planned and a well-managed product pipeline. These are some of the reasons why DEMO is the leading Greek exporter of own-branded generic products, with a strong presence in 85 countries. Our active ingredient: Supplying quality products worldwide Greek Medicines with Global Reach
I 67 I
DIAMONDS OF THE GREEK ECONOMY
2019
Frédéric Fouilloux General Manager, Servier Hellas
We, at Servier, strive to provide future generations with a world where quality healthcare is available and accessible to all I 68 I
Operating in the pharmaceutical industry: an independent group’s – governed by a non-profit Foundation – point of view Most organizations key business scope is to make profit for their shareholders. Operating in the pharmaceutical industry however, reflects organizations’ vision to go beyond that; to manage to do business in a way that will create and add value not only in order to maximize profitability and ensure sustainability, but also to perform under the standards of the social enterprise for the common good of the environment you operate. In this context, pharma companies nowadays, have been forced to fight with “yin and yang”, these two contradictory forces in maintaining themselves sustainable by increasing profitability on the one hand, while striving on the other to provide future generations with a world where quality healthcare is available and accessible to all. But what if you operate in a market where the lack of predictability due to the unstable economic, political and social environment, the insufficient Public expenditure provided for the Health Sector as well as the unbearable taxation burden imposed on the pharmaceutical companies are among your key business challenges? In the Greek pharmaceutical market, we face over the last years an unprecedented situation: rebates, claw-backs, repricing, and the significant Public expenditure reduction in the Health sector making Private sector’s contribution more necessary than ever. On the other hand the need for new therapeutic solutions to meet patients’ needs, for further R&D investment and for building a Health Care System
accessible to all, makes this scenario seem far from the Greek reality. What makes Servier capable in dealing with such a complex and unpredictable business environment is its legal structure. This structure allows the Group’s vocation to express itself fully: to be committed to therapeutic progress for the benefit of patients. Governed by Servier International Research Foundation, Servier has managed to remain “a group of people, not a group of capital”, having power (i.e. governance) and capital (i.e. financial rights) separated. Such a differentiated approach, where the power is ensured by a Foundation without capital and not for profit and where the holding company of the Group (Servier SAS) is therefore not held by any individual, allows the organization to reinvest all its profits into therapeutic progress and company growth. It is worthy to mention that 25% of turnover from Servier drugs excluding generics - is invested in R&D. This is where the State needs to redesign its plan in terms of Health Care in Greece, putting in place mechanisms to help organizations whose aim, apart from making profit, is to remain committed to therapeutic progress to serve patient needs. We, at Servier, strive to provide future generations with a world where quality healthcare is available and accessible to all. While to some this might seem easy or easily achievable, being responsible as an organization for your own growth and sustainability, this is even more challenging. But that’s a challenge we accept, for the sake of patients.
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DIAMONDS OF THE GREEK ECONOMY
2019
George Ratsikas Administrative Director
The Central Clinic of Athens in the light of developments in private healthcare I 70 I
Investing in high-tech equipment and Medical Tourism Central Clinic of Athens, with more than 20 years in operation, continues to be a consistent, diachronic medical structure providing high-level medical treatment and services within the field of Private Health Sector. In spite of Greece’s 10-year economic recession, the underfunding, the forced claw back and rebate by State authorities, etc., Central Clinic of Athens continues to resist, operate, developed by investing in future with latest high tech medical equipment in conjunction with innovative medical, invasive operations to the benefit of the patient’s health and society welfare. The continuing economic recession has had a very negative impact in Private Healthcare, resulting in several Medical Units being merged or acquired by multinational investment funds. These transactions have changed the private health market and have created a very competitive environment for the mid-sized private Clinics due to implementation of economies of scale. Contrary to the above latest developments, Central Clinic of Athens continues to implement a smart strategy by targeting specific group markets. Based on excellent medical performance, we strengthened our cooperation with private insurance companies, signed direct contracts with global health care travel insurance companies and foreign private insurance firms - which included us in the list of certified healthcare providers in order for their insureds to be able to reach us at any time. At the same time, we do maintain and further promote our close cooperation with tour operators and cruise companies, and make major investments in Medical tourism, taking advantage of
Central Clinic’s strategic location. The Central Clinic of Santorini accounts for a significant part in the Group’s increased sales, as it is our expansion into Medical Tourism: every year, the Santorini clinic serves many patients, primarily foreign holidaymakers, for mild and moderate medical incidents. More severe incidents are being transported by air ambulance to the Central Clinic of Athens where they receive the best medical treatment. In the past year, Central Clinic of Athens have invested significant amounts in latest high-tech equipment, such as the Think Surgical Robot, which is the first globally active robot for total knee and hip arthroplastic surgeries, the Rotex table for Hip operations, brand new G-Camera complex for our renovated nuclear medical sector and the latest surgical microscope for ophthalmology. The investment for the procurement of the above medical equipment has reached nearly 2.0 million euros, funded by Group through current cash flow, confirming once more our fixed approach of having no external borrowing. To sum up, Central Clinic of Athens have invested a lot in digital marketing, social media, google search and other digital platforms for promotion. The results have been very encouraging and we intend to make further promotional improvements by upgrading our website, creating new promotional video, etc. In September 2019, our third consecutive Panhellenic medical symposium will take place in Athens, covering all areas of healthcare specializations. Enrollments are estimated to exceed last year’s participation rate, proving the event’s strong impact on the medical community.
I 71 I
DIAMONDS OF THE GREEK ECONOMY
2019
Georgios Terzakis CEO at Public Properties Company
The company’s assets include tourism properties and facilities, former Olympic Games Venues and a large number of public properties I 72 I
A new era in Public Properties Company PUBLIC PROPERTIES COMPANY (PPCo S.A.) owns and manages the largest integrated real estate portfolio in Greece. The company’s mission is to efficiently manage and develop its real estate assets with a view to improve, protect and develop its property portfolio. PPCo is in line with the country’s development policy goals as a whollyowned subsidiary of the Hellenic Corporation of Assets and Participations S.A. (HCAP SA). HCAP’s Strategic Plan for PPCo sets the goals and priorities for optimal management and development of public assets in the company’s portfolio, based on three core principles: ● protecting public property from unlawful encroachment; ● increasing revenues and profit; ● contributing to the country’s economic development. The company’s assets include tourism properties and facilities, former Olympic Games Venues and a large number of public properties. PPCo has lately entered a new era through its recent reorganization. The company is currently implementing an ambitious Business Plan to further exploit and develop its unique assets, located in Greece’s major cities, in prime tourism destinations and in upcoming holiday locations that provide important investment opportunities. The company is currently preparing a portfolio of mature assets, in all real estate subsectors, that will be available to investors through
open tenders, including land plots for development, hotels and resorts, complexes, and small residential properties that are suitable for exploitation through the sharing economy platforms, and the Greek Golden Visa scheme. Considering the continuous upward trends in Greece’s tourism sector, which runs with an average 10% growth in tourist arrivals in the past few years, along with the growing interest of Greek and foreign investors in the domestic real estate market, PPCo is preparing the right assets for the right investors. This is the right time to explore investment opportunities in Greece, and more specifically investment opportunities in the Greek real estate market. Through the e-publicrealestate.gr platform, PPCo has created a pioneering portal that allows domestic and international investors to lease or buy real estate properties through a transparent and expeditious procedure. Additionally, Public Properties Company, as a public company that manages stateowned properties, recognizes and accepts its role in social responsibility focusing on continuous improvement in environmental resource management and protection, as well as selecting social indicators, by including strict criteria in the terms and conditions of its auctions and tendering procedures. Apart from the development of its portfolio and related investments one of the company’s main objectives and key obligations, is the promotion and protection of Greece’s cultural heritage.
I 73 I
DIAMONDS OF THE GREEK ECONOMY
2019
Stefanos Oktapodas CEO of HEDNO (Hellenic Electricity Distribution Network Operator)
HEDNO constitutes one of the main pillars for the development of the Greek economy I 74 I
Implementing high end technology HEDNO (Hellenic Electricity Distribution Network Operator) delivers electricity to 7.5 million customers all over Greece and is responsible for operating the electricity distribution network in every corner of the country, including the islands. HEDNO is one of the leading employers in Greece (more than 6,500 employers) and one the biggest electricity distribution companies in the EU. As a result of it΄s core business, the Company plays a key institutional role in the Greek electricity market, which is going through a very critical transitional period due to its liberalization and due to the high environmental goals set by every member of the European Union, including our country. Distribution Network Operators like HEDNO all over Europe, have now days, the main role in the integration of dispersed renewable energy sources, the provision of information to consumers for the management of the energy consumed, as well as the operation safety and quality of networks in distribution level. Additionally, they play an extremely important role in the operation of the market and the electricity supply to final consumers. In order to respond sufficiently to their upgraded new role, DSOs should have all the necessary technological “tools”, including contemporary achievements in telecommunications and IT sectors. Therefore, the environment in which HEDNO operates, is very demanding and challenging. In order to face up to all these
new challenges, our key objective is the transformation of HEDNO into a modern operator of technologically advanced networks and at the same time to upgrade the critical energy infrastructures of our country. In order to achieve this transformation, we are implementing strategic projects towards a modern distribution system that utilizes digitized operations. These projects cover a wide range of modernization activities such as Smart Grids, Smart Meters, remote customer service systems etc. The benefits expected from their implementation, along of course with the Company’s consistent objectives, are of crucial importance and pertain to the improvement of the quality of energy and the services provided to the citizens. These benefits will be accompanied by reduction of the costs of operation and will result in more efficient operation of the energy market and the protection of the environment effectuated by welcoming the increased penetration of the Renewable Energy Sources (RES). Our strategy aims at the continuous improvement of electricity quality at the lowest possible cost, with multiple benefits for the citizens, the environment and the Greek economy. HEDNO constitutes one of the main pillars for the development of the Greek economy. Through it΄s strategic investments, it will support our country΄s effort to return on economic growth as soon as possible.
I 75 I
DIAMONDS OF THE GREEK ECONOMY
2019
Apostolos Georgantzis CEO of ACS Postal Services S.A. & CEO of Quest Holdings
In the next five years the company plans to invest more than €40 million targeted in capacity/ infrastructure upgrades and customer experience I 76 I
E-Commerce growth drives the sector ACS SA, member of Quest Group, is the leading company in the courier services sector in Greece. Throughout 2018 the company demonstrated a positive track record of growth and its total revenue exceeded €102 million (+4% compared to 2017). Courier Postal Services are ACS’s main activity, accounting for approximately 85% of the company’s total revenue, followed by Mail Postal Services, which is the company’s second main activity, accounting for approximately 13% of its total revenue. In 2018 the company’s EBITDA reached €14 million (around 13% higher compared to 2017), whereas EBT reached €12.5 million (around 11% higher compared to 2017). The company’s courier activity growth in 2018 was favored by the overall growth of the courier services market, which is expected to continue on an upward trend in the next few years, due to the ongoing growth of e-commerce. In this context, since late 2016, the company implements the 2nd phase of upgrading its sorting/ 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, which is expected to be completed in 2020, doubling the firm’s sorting capacity. Based on ACS’s strategic plan, in the next five years the company plans to invest more than €40 million targeted in capacity/ infrastructure upgrades and customer
experience improvement. In 2019, the courier services market is expected to continue to grow, mainly due to e-commerce. At the same time, the company is upgrading its IT infrastructure and is offering new solutions for its customers, as well as developing a point-of-sales network to better meet e-commerce customers’ needs, aiming to increase 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 sustaining and growing company’s relevant revenue by increasing ACS’ market share. Quest Group is one of the largest, dynamically growing and financially sound Greek Group of Companies, with activities in 5 distinct areas: ICT products, IT services, Electronic Transactions, Postal Services and Renewable Energy. Quest Group generated €497m Revenues during 2018, out of which more than 16% (€82m) accounted for customers abroad. The Group has a long history in business value creation and in recent years has managed to grow on average by at least 10% yoy. The Group and its Companies’ mission is to create long-term value for its stakeholders and play a leading role in the markets in which they operate, based on the principles of sustainable development, and having as a driving force the people and the values of the Group.
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I 77 I
DIAMONDS OF THE GREEK ECONOMY
2019
Evangelos Colocotronis President of Adelco SA
Since 2017, Adelco has embarked on a major effort aimed at increasing exports to more than 40 countries I 78 I
The Development of Adelco SA and Adelco’s exports Adelco SA has always been operating on a vision to contribute to improving people’s health and quality of life. Our goal is the creation of products of excellent quality at competitive prices. Even in the tough economic times in Greece, we continue to invest in the upgrading of our facilities and the renewal of mechanical and laboratory equipment. Our interest is focused on human resources aiming at staffing the company with the best and most competent scientists both in terms of knowledge and moral value. The combination of modern infrastructure and competent executives, has as a result an increase in the manufacturing of high-quality products, while at the same time reducing cost. So, Adelco has managed to hold prices at competitive levels, resulting to an increase in sales and exports. The company’s strategy is to develop new innovative products and enter more beneficial partnerships in the fields of pharmaceuticals, cosmetics and food supplements. Adelco and its people are always standing by the community and continue to offer in the context of the firm’s Corporate Social Responsibility. Following almost a century of successful presence in the Greek and global markets, we continue to expand our activity. Reliability and
high quality of products are the key of success that constantly drives preference and confidence of the consumers and our partners. Since 2017, Adelco has embarked on a major effort aimed at increasing exports to more than 40 countries, creating two subsidiaries in Australia and Jordan. Adelco’s President, Mr. Colocotronis, has always been a fan of extroversion and applied it with absolute consistency and in practice, with Adelco exports currently accounting for 30% of overall sales. Adelco already exports to Eastern Europe, North Africa, Middle East and Far East, and has also created two subsidiaries in Australia and Jordan in order to further boost exports in the Middle East, Australia and New Zealand. Each year, the company produces some 5.0 million formulations of approximately 70 pharmaceutical products, branded generics and unique combinations in a variety of pharmaceutical formulations that cover a broad therapeutic spectrum; it also produces more than 300,000 pieces of cosmetic products for various uses. The firm boasts its own, upgraded production units on a privately-owned space of 10,000 sqm, and a well-organized group of medical representatives and salespersons all over the Greece and internationally, while it employs a staff of 90.
I 79 I
DIAMONDS OF THE GREEK ECONOMY
2019
Michail Almpantakis CEO, Cretan Mill S.A. – Member of Almpantakis Group of Companies
Winning a bet under tough circumstances There are positive signs concerning the position of our country and the Greek business sector at a global level, as the steps that have been made towards development are self-evident. The new circumstances in Greece that were the result of fiscal and financial reforms, have led to overturns and the creation of new targets towards new directions. Greek businesspeople have proven they can play a leading role, with their products claiming the position they deserve in world markets due to their quality and comparative advantages. Cretan Mill SA and Almpantakis Group of companies are a role model of such companies, as the firm has been taking successful, firm and on-going steps to develop into one of the top companies, not only in the local olive oil market but also by exporting its products to 45 countries all over the world. Our target --which is completely realistic due to our long-term strategic planning-is to double the exports of our company in an attempt to reach average EU levels. The goal of fiscal balancing the Greek economy is the focus of the post-program assessment of the International Monetary Fund, which highlights that it should be realized in the frame of a medium-term financial target that has been agreed between Greece and its European partners. The fact is that there has been a general
Cretan Mill premium olive oils is an ambassador of Crete in the global market I 80 I
improvement in the economy, with exports, investments and private consumption being the pillars supporting this growth. 2018 has been a year in which startups and exports skyrocketed, boosting extroversion. However, it is of utmost importance that any insecurities or fears, which were created in the years of the economic crisis, be overcome. There is a positive tendency towards a better business environment for the near future. Cretan Mill through its iconic presence in foreign markets, has proven that the most important factors leading to success are having a vision, making a relentless effort and the disposition to work hard to develop the wealth of our island. The Almpantakis family have been cultivating olive trees since 1866, and have a long history in the production, standardization and trading of extra virgin olive oil. Nowadays the know-how and the love for the product have been bequeathed to the fifth generation and the family business continues with the same targets: top quality, a fine taste and the preservation of the nutritional value of this symbol of health and strength, the olive oil, by promoting it all over the globe. Cretan Mill is an ambassador of Crete in the global market, and an example of the hard word it takes to achieve recognition and success.
I 81 I
DIAMONDS OF THE GREEK ECONOMY
2019
Nicola Battilana CEO of DESFA
In all its activities, DESFA pursues technological process and organizational innovation, as a major driver for its growth I 82 I
The new era of DESFA will lead the future of energy in Greece and beyond DESFA is the main operator of the National Natural Gas Transmission System (NNGS) in Greece and is responsible for the management, operation and development of the National Natural Gas System and its interconnections. With almost 1,500km of high-pressure pipelines, a compressor station – and the plan to have three more in the near future – and one of the biggest LNG terminals in the area, DESFA claims a technological knowledge that is unique in Greece. We, as a Transmission System Operator (TSO), aim to serve our Users in a safe, reliable and efficient way, while offering regulated services to NNGS users, as well as non-regulated services to other gas operators and market players. Recently, in 2018, the consortium of Senfluga, comprised of Snam, Enagas and Fluxys, the three leading European natural gas transmission companies, acquired 66% of DESFA. The consortium owns and operates, as a whole, gas transmission networks of over 68,000 kms in length, several LNG terminals and storage facilities across Europe and in Latin America. The three shareholders are also dedicated to promote the development of a unified European energy network and the use of gas as a source of clean and sustainable energy. The joining forces of the Senfluga Energy consortium and DESFA will create greater strategic alliances in the wider region, expand energy infrastructure networks and offer services far beyond the Greek borders. DESFA intends to fully exploit the possibilities offered by becoming a private operator and part of a bigger European industrial consortium: expanding the business, increasing efficiency and flexibility, boosting the market and investments, as well as market liquidity, with multiple benefits for Greece and its economy. DESFA currently has an investment plan of 330 million euros, aiming to expand its gas infrastructure to serve the increase of Greek internal demand of gas, to reinforce security of supply and to expand the role of Greece in becoming a gas hub, by increasing the capability of the network to export gas to neighboring countries, such as Bulgaria and Northern Macedonia. As a result, it is expected that the potential
of the Revithoussa LNG Terminal Station, following its recent upgrade, to serve as a unique source of gas supply diversification in the Balkan region and an energy gateway for the import of LNG in Europe, will be further developed. DESFA plays a significant role in the development of a reliable, efficient and dynamic trading hub, through active participation in the Hellenic Exchange Energy platform and helping developing the market rules in the energy sector. DESFA considers natural gas as a source of clean and sustainable energy and an essential component on the path to decarbonization. In this regard, we promote the use of LNG as a fuel for shipping and for land mobility, by planning the construction of small-scale LNG infrastructure in Revithoussa, a relatively small, but crucial investment, in order to enable the start of the demand of LNG, as a new fuel in Greece, especially in the Port of Piraeus. Taking into account Greece’s shipping history and industry, as well as the multiplier of the investments that are related to the conversion of existing fleets to the new fuel, this is a very significant aspect. DESFA is also willing to promote and enable the production, transportation and use of renewable gas, namely biomethane, creating a sustainable and circular energy system and contributing to the achievement of EU’s energy targets. Last but not least, DESFA can play a significant role as a hub of technical and operational services in Greece and in the wider region, due to its competencies, skills and efficient cost structure. As a TSO, we are already providing engineering and maintenance non-regulated services to a few important players in Greece, aiming to expand such services, in order to improve our financial position and in the meantime reduce the cost for the network users. In all its activities, DESFA pursues technological process and organizational innovation, as a major driver for its growth. In this regard, the know-how and the long history on the path of operational excellence of DESFA’s new shareholders will positively affect the creation of new investments and highly qualified jobs.
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DIAMONDS OF THE GREEK ECONOMY
2019
Thomas Marielle, East Med. Regional Director Greece, Israel & Cyprus, Stanley Black & Decker
Our recognition at this event is extremely important to us as it comes at a moment when we believe Greece’s problems are coming to an end How does a company grow its business 5 times in 6 years? By maintaining a vision and investing in people during the crisis. Where other companies retreated we invested in advertising and in people. We succeeded in taking significant market share for our iconic brands Black & Decker, Stanley, Dewalt and Facom, but we also convinced the company that the regional hub for Israel and Cyprus should be located in Greece, hence growing sales through these countries with the support
For those who make the world I 84 I
of the Greek entity. Our motto in Stanley Black & Decker (a multinational aiming at reaching USD 22 billion 2022) is FOR THOSE WHO MAKE THE WORLD. We as Stanley Black & Decker Hellas dedicate this award to our country that is standing proud on its feet and recovering after 10 years of economic crisis. But then, we got voted loveliest country in the world by the top traveler site Conde Nast-How can we fall when we make the world so beautiful?
I 85 I
DIAMONDS OF THE GREEK ECONOMY
2019
Kalpakidis George Key Account Manager, FARCOM
Paving the way to the Future FARCOM is a Greek cosmetic manufacturing company founded in 1970 in Thessaloniki by Georgios Sarasidis. The company began manufacturing professional salon hair products and soon expanded into the production of consumer products. In 1991 it started exporting to overseas markets. Growing at a steady pace while keeping a close eye on market trends, FARCOM is today one of the largest cosmetics industries in Greece. The company has a current turnover of € 14.000.000 operating with consumer products, professional hairdressing products, and producing private label products for almost all Greek retailers and super market chains. FARCOM exports to 54 countries worldwide, employs more than 150 people – technical experts, highly-qualified administration employees, and highly-engaged workforce – in privately-owned production and logistics facilities, majorly contributing to the local and national economy. FARCOM is a family-driven company directed by the sons of its founder, Mr. Themistoklis and Mr. Dimitrios. Many challenges were faced during the course of the years. The economic crisis has found the company strong, financially healthy and ready to cope with the particularly adverse domestic conditions. During the crisis, while many companies and industries shrunk, moved their head
Growth is the only way forward for FARCOM I 86 I
office and productions overseas, closed down or pursued a waiting strategy, FARCOM decided to proceed with a very large investment, paving the way to the company’s future. Thus, FARCOM, investing more than € 4.000.000 mainly from company’s equity, and partly financed by EU funds, is setting up a new 10.000 m2 manufacturing facility on a privately-owned 14.000-acre site. The new factory is estimated to be ready in the autumn of 2019 with the new stateof-the-art machinery and new production lines. The current 3.500m2 plant will be upgraded and will continue to operate on specific production lines. The new factory will boost FARCOM production capacity, new production lines and product ranges will be added, and the employees number will be increased, setting the foundation for a prosperous future, greatly stimulating the local and national economy. The current economic climate in Greece poses a great challenge both for the decision and the implementation of such a project. However, our deep knowledge and care about our work is a guarantee for achieving success. Growth is the only way forward for FARCOM. It comes through steady and carefully chosen steps aiming at providing consumers with innovative, high-quality products at affordable price.
I 87 I
DIAMONDS OF THE GREEK ECONOMY
2019
Alexandros Kleideris President & Managing Director NEF-NEF S.A.
Konstantinos Kleideris Vice President & Managing Director NEF-NEF S.A.
We are proud of the dedication and commitment that our people and partners have shown in our constant effort for improvement I 88 I
Building the Future of Home Textiles in Greece The founder Dimosthenis Kleideris established NEF-NEF 58 years ago in Athens. My brother and I, the second generation, managed to continue his dream and build upon it. Soon we are expecting for the third generation to take the lead and further our vision. We are proud that during the last 10 years of the crisis we managed to double turnover and profits as well as full time employees, without affecting our total quality and people’s wages. We are proud of the dedication and commitment that our people and partners have shown in our constant effort for improvement. We have invested more than 1,200,000 working hours, produced over 17,000 SKUs and 17,000,000 production units, 120,000,000 euros turnover and 17,000,000 euros of contribution to the Greek state over the ten year period of the financial crisis. We are the leaders of the Greek market of home textile focusing in three business units: wholesaling, retailing and institutional business such as hotels hospitals and marine companies. We also have a strong presence abroad that we expect to grow within the next five years. We are proud of the donations we make
every year in order to support other people in our society who face serious issues and need our help. The importance of helping others stems from our core beliefs in solidarity and empathy. We are not proud of the destructive condition of our planet; however, we try really hard with simple ways to help the environment. Nef-Nef contributes to the environmental protection by participating actively in the alternative collective management recycling system and is always consistent with the law and all European regulations. In an effort to reduce the energy footprint of our 8,500 m² of headquarters and retail space, we have installed a photovoltaic power system of 80 kwP using innovative technologies that provide low mercury content. Also through collaborating with WWF Hellas we are launching a collection that aims to raise awareness for endangered animals and the pollution of our oceans. Our mission is to offer high quality products, excellent customer service, and build strong lasting relationships with suppliers and partners while working for a better society in a more sustainable environment.
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DIAMONDS OF THE GREEK ECONOMY
2019
Dr. Yannis Kontoulis President of Hellenic Institute for Fire Protection of Structures (ELIPYKA)
It has also organized successful presentations and seminars all over Greece for engineers and all relevant parties, to enrich their knowledge and enhance public awareness I 90 I
Public intervention on the new Regulation on Fire Protection of Buildings in Greece With a public intervention made at the premises of the Technical Chamber of Greece, the Hellenic Institute for Fire Protection of Structures (ELIPYKA) submitted a public statement regarding the New Regulation on Fire Protection of Buildings (PD 41/2018), which was recently published in the Government Gazette (07.05.2018). The opening speech for the event was made by Mr. Antonis Koukouzas, President of the Association of Graduate Officers of the Fire Brigade Corps, which is a founding member of the Hellenic Institute of Fire Protection of Structures. ELIPYKA, loyal to its core message “With Respect for human life”, stated, through a presentation of the President, Dr. Yiannis Kontoulis and the dialogue conducted with market players, that although the new regulation is an important step ahead, viewing fire safety in a modern framework, the State must take supporting action for the implementation and the effectiveness of it, based on the international experience, such as: Establishing an Inspection Body for the New Fire Regulation enforcement. This will upgrade the whole supply chain of the fire safety-related market (materials, systems, products and structures), encouraging testing and certification, facilitating CE marking, labelling and the identification of products. Establishing requirements, adequate tests and controls, for the entire supply chain,
in the Construction Sector, incorporating them in the relevant Technical Legislation. Improvement of the Regulation in certain ways based on the mission for protecting human life and property, especially in sensitive buildings (schools, hospitals, students’ homes, popular public meeting points, etc.). Dealing with issues related to the fire safety of the “Building Envelope” and the fire safety of “High Rise Buildings”, as well as the WUI issue– Wildland Urban Interface. The current weakness and lack of effective control of the market by a relevant state body regarding fire protection, has resulted to an “autonomy” in the market, and an adoption of dangerous construction practices. The fact that researchers, builders and producers were not following so far the previous Regulation on Fire Protection of Buildings, apart from the serious legal implications for those involved, also raises a serious concern regarding the safety of both buildings and their users. ELIPYKA has already taken initiatives to assist State authorities in improving the New Regulation, providing concrete technical reasoning and, when needed, experts in relevant technical working groups. Among other steps, it has also organized successful presentations and seminars all over Greece for engineers and all relevant parties, to enrich their knowledge and enhance public awareness.
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DIAMONDS OF THE GREEK ECONOMY
2019
Panagiotis Koutsikos Chairman of Greek - Turkish Chamber of Commerce
The total trade between the two countries in 2018 amounted to 2.95 billion euros I 92 I
Business Cooperation between Greece and Turkey Most of the extroverted Greek companies operating in Turkey have used the services of the Greek-Turkish Chamber of Commerce. There are about 750 Greek companies -from the entire spectrum of the economy- operating in Turkey as investors, with the total capital invested amounting to 4.9 billion euros. At the same time, there are only few Turkish companies operating in Greece, with the total invested capital amounting to less than 350 million euros. The total trade between the two countries in 2018 amounted to 2.95 billion euros, with 1.5 billion euros accounting for exports of Greek products to Turkey and 1.495 billion euros for imports of Turkish products to Greece. Greek exports to Turkey include plastics, electrical machinery, cotton, oil products, automotive oils, pharmaceuticals, jewelry, etc. Greek imports from Turkey include tourist busses, auto parts, agricultural products, machinery, packing materials, etc. The Turkish market is the largest in the region. The two main features making Turkey an important destination for business partnerships are its population of 82 million and the low average age of 30 years. Both of these features make Turkey a highly attractive destination for all kinds of Greek exports. In the tourism sector, there is an evident need to further strengthen business relations as 1.0 million Turkish tourists visited Greece in 2018 and 1.0 million
Greek tourists visited Turkey. The Greek-Turkish Chamber of Commerce estimates that by 2020 the total trade between the two countries will reach 8 billion euros. Within the frameworks of the total trade support as well as the investments in Turkey, GTCC actualizes annually 16 business missions, which aim at products and services, which we are keen to export. GTCC supports businesspeople financially as follows: ■ It covers the expense of a 4- or 5-star hotel for 2 nights along with breakfast. ■ Airport transfer is provided daily to the hotel and to the convention hall. In the same strategic plans, we promote 4 to 6 conferences, which take place every year locally, and two Europe-wide in Turkey and Greece, respectively. Our aspiration is to advance products we have investigated that they are needed in Turkey such as: ■ frozen foods - seafood ■ organic products ■ fertilizers ■ vegetables ■ healthy diet products Turkey is confronting a lot of difficulties today, as a result of terrorist attacks. I do believe though that it will overcome them soon and it will emerge a winner through its experience.
°óëìèðéïà 31, °õÜîá 106 80, T: 210 36.74.000, F:210 36.05.110 E: ccaa@centralclinic.gr, www.centralclinic.gr, I 93 I
DIAMONDS OF THE GREEK ECONOMY
2019
Panagiotis Koutsikos Chairman of Greek - Bulgarian Chamber of Commerce and Industry
Total trade has reached 3.1 billion euros in 2018, which is a positive figure for Greece’s trade balance I 94 I
Business cooperation between Bulgaria and Greece Bulgaria, a member of the European Community, has managed to overcome the economic crisis from the beginning of the year 2011, and is constantly developing ever since. Bulgaria‘s population has reached 7.6 million people, following a declining line. Taxation on business profits reaches 10%, while the minimum wage is 300 euros, and the annual inflation is 2%. Bulgaria’s banking system is stable and business activities are considered to develop under positive circumstances. Capital investments from Greece are valued at 3.1 billion euros, excluding the percentage spent annually from business profits, because it is not recorded under the Bulgarian statistics service. The GreekBulgarian Chamber of Commerce estimates that the respective amount of capital is up to 3.6 billion euros. The total trade has reached 3.1 billion euros in 2018, which is a positive number for Greece’s trade balance. The business sector with the largest share is services-trade, followed by manufacturing and small industry. The Greek-Bulgarian Chamber of Commerce organizes departmental day conferences annually, together with one General Congress in Athens or Sophia. Thus, an opportunity is given to people
from several businesses to meet potential Bulgarian colleagues, and get to discuss with them in order to develop their businesses and strike new cooperation deals. The Greek-Bulgarian Chamber mediates, so as to offer its services, in various businesses that may need support. Moreover, the Greek-Bulgarian Chamber of Commerce maintains excellent relationships with the authorities, ministries, chambers and organizations, in both Greece and Bulgaria, hence it is considered a trustworthy supportive agent for the development of bilateral commerce and investments, and in this way offers reliable services to both members and nonmembers. There are 2000 active businesses, of Greek interests, operating currently in Bulgaria in all economic sectors. However, the actual number of businesses recorded reaches up to 15,000, owing to the fact that businesses are being established even for the purpose of buying either real estate or cars. Greek companies should seriously consider the Bulgarian market as an expansion of their activities and not take advantage of the low labor cost. The business vibe is positive, and that’s why they should focus on the capacity given to absorb business products from the Bulgarian market.
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www.timetv.gr I 98 I
›››››› DIAMONDS
OF THE GREEK ECONOMY 2019
THE MOST ADMIRED ENTERPRISES
››››››
Profitability enjoyed by 75% of Greece’s major enterprises A nationwide survey by NEW TIMES on a sample of nearly 7000 of the country’s largest businesses shows an average 20.4% increase in profitability, translating to €5.4 billion. Out of a sample of 6,988 companies, 5,210 posted profits while 1,778 were loss-making. Commercial firms managed 36.9% of total turnover, accounting for 25.7% of total profits, while industrial enterprises managed 33% of total turnover, accounting for 50% of total net profits of the sample firms in 2017. An increase of 6.6% in overall turnover in 2017 was reported by 6,988 of Greece’s largest enterprises, according to their latest published balance sheet, as shown by New Times’ major nationwide research, according to which: ■ Total sales of sample enterprises increased from €131 billion in 2016 to €139.7 billion in 2017, recording an increase of 6.6%.
trading companies, 311 constructions companies, 1,218 service providers, 419 hotel companies and 186 tourism agencies and tourism businesses. The sample did not include some large companies whose balance sheet was not available by the General Business Registry (GEMI). Also, the financial results of one bank have been discarded as they could significantly alter the comparison of aggregate figures. According to the New Times survey, out of the 6,988 companies in the sample, 5,210 (74.55%) posted profits, while 1,778 (25.45%) were loss-making. All survey data show that the gap between profitable and loss-making businesses is widening, as the first ones show an increase in average profitability of 50%, while the latter increase at an average rate of 125%. Specifically:
■ Total pre-tax earnings rose from €4.5 billion in 2016 to €5.4 billion in 2017, up 20.4%. ■ Total equity rose from €84.3 billion in 2016 to €87.4 billion in 2017, gaining 3.6%. ■ Similarly, total liabilities recorded a slight drop of 1.1% to €187.7 billion. Thus, we have a relative improvement in the capital structure of the business and the relationship between own funds and foreign capital. The New Times survey included 2,363 industrial and manufacturing companies, 54 public companies and organizations (DEKO), 2,437 import and
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››››››
•
The 5,210 profit-making companies in the sample increased their overall turnover by 6.7% to €116.55 billion in 2017, and their pre-tax profits by 50% to €9.4 billion. Profitable companies improved their capital structure considerably, raising total equity by 7.8%, to €76.3 billion, while reducing total liabilities by 2% to €141 billion. ■ The 1,778 loss-making companies in the sample increased their turnover by 6.3% to €23.15 billion in 2017 and total losses by 125.2% to €3.98 billion. The loss-making enterprises showed a significant deterioration in capital structure, since they reduced their total equity by 18.2% to €11 billion euros, and increased total liabilities by 1.6% to €46.4 billion euros.
A nationwide survey by NEW TIMES on a sample of nearly 7000 of the country’s largest businesses reveals an average 20.4% increase in profitability, translating to €5.4 billion
Conclusions drawn by New Times nationwide study are extremely interesting regarding the course of separate business sectors. Specifically: ■ Import and trading companies managed 36.9% of total turnover of all the enterprises in the sample. The 2,437 import and trading companies increased their turnover by 6% to €51.6 billion. In terms of profitability, however, the sector posted a 10% decline to €1.16 billion. ■ On the contrary, industrial and manufacturing companies increased not only their turnover (+11.2%) to €46 billion, but also net profits to top €2.25 billion (+14%). The comparison between industry and commerce is revealing: while commercial enterprises managed 36.9% of total turnover, with 21.3% of total profits, industrial companies managed 33% of turnover, or 5% of total net profits by sample firms.
(DEKO) managed 6.1% of total turnover, followed by construction companies with 3.4%, hotels with 1.7% and tourism with 0.9%. Industrial developments by sector Of particular interest are the findings of the New Times survey on the industry. Specifically: ■ Τhe lion’s share in the management of total turnover by the 2,363 industrial and productive enterprises in the sample was taken by the oil
products sector (28% of total sales) and food (22%), followed by metal products (8%), pharmaceuticals & detergents (6%), beverages (4%), non-metallic minerals (4%), plastics - rubber (3%), electrical equipment (3%), chemicals (2%) and cigarettes (2%).
››››››
Developments by sector
■ S imilarly, the best performance in terms of profit was recorded by sectors such as oil (41% of total profits), food (19%), cigarettes (14%), non-metallic minerals (8%), and plastics - rubber (5%). Significant profits were also posted by the pharmaceutical, beverage and chemical industries.
■ The most prominent branch of Greek industry is that of food production businesses, numbering some 710 companies. These businesses managed approximately €10 billion in turnover in 2017, with an overall profit of €425 million, jumping 40% compared to 2016.
■ Service companies (including three banks) managed 18.1% of total turnover and 33.8% of total net profits. Service companies reported total sales of €24.8 billion and total net profit of €1.8 billion. ■ Public Companies and Organizations
I 101 I
Turnover 2017
Pre-Tax Income 2016
Pre-Tax Income 2017
1
HELLENIC PETROLEUM S.A.
PETROLEUM PRODUCTS
5,925,776,000
7,233,600,000
22.07
466,224,000
482,391,000
3.47
2
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.
PETROLEUM PRODUCTS
4,511,920,000
5,739,354,000
27.20
392,804,000
422,310,000
7.51
3
OLYMPIA GROUP S.A.
HOLDING COMPANIES
3,780,000
5,178,000
36.98
-44,859,000
345,303,000
0.00
4
HELLENIC TELECOMMUNICATIONS ORGANIZATION (OTE) S.A.
TELECOMUNICATIONS
1,568,500,000
1,583,800,000
0.98
179,700,000
318,800,000
77.41
5
PAPASTRATOS TOBACCO COMPANY S.A.
TOBACCO PRODUCTS
291,633,208
262,834,307
-9.88
27,143,508
251,284,290
825.76
6
PUBLIC POWER CORPORATION (PPC) S.A.
ENERGY
5,063,942,000
4,847,036,000
-4.28
98,962,000
223,423,000
125.77
7
INTERNATIONAL ATHENS AIRPORT S.A.
TRANSPORT COMPANIES
404,553,978
433,525,777
7.16
189,068,866
199,829,708
5.69
8
DAPEEP S.A.
ENERGY
153,107,242
200,827,111
31.17
-156,670,844
197,111,415
0.00
9
GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A. (OPAP)
ENTERTAINMENT
10
MYTILINEOS HOLDINGS S.A.
HOLDING COMPANIES
11
HELLENIC GAS TRANSMISSION SYSTEM OPERATOR (DESFA) S.A.
12
001 - 044
Company Name
Sector
Pre-Tax Income Change
Turnover 2016
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover Change
DIAMONDS OF THE GREEK ECONOMY
1,152,655,000
1,201,589,000
4.25
233,914,000
180,687,000
-22.76
6,887,000
1,161,628,000
16766.97
539,000
131,847,000
24361.41
ENERGY
169,652,000
268,697,000
58.38
49,786,000
125,940,000
152.96
JUMBO S.A.
MISCELLANEOUS PRODUCTS
550,508,516
583,501,179
5.99
117,112,566
116,266,628
-0.72
13
ALPHA BANK S.A.
BANK
2,227,636,000
1,938,469,000
-12.98
137,789,000
105,825,000
-23.20
14
NBG PANGEA REIC
REAL ESTATE
101,649,000
103,250,000
1.58
62,272,000
102,497,000
64.60
15
ΑΤΤΙΚΗ ODOS S.A.
SERVICES
171,212,000
176,858,000
3.30
63,699,000
98,067,000
53.95
16
ALFA BETA VASSILOPOULOS S.A.
SUPERMARKET
2,181,162,000
2,091,152,000
-4.13
107,184,000
87,285,000
-18.57
17
ΤΕΡΝΑ S.A.
-
825,960,000
791,019,000
-4.23
-5,360,000
84,652,000
0.00
18
INDEPENDENT POWER TRANSMISSION OPERATOR - ADMIE
ENERGY
248,613,000
256,489,000
3.17
54,108,000
82,952,000
53.31
19
ETHNIKI, HELLENIC GENERAL INSURANCE CO. S.A.
INSURANCE
542,146,000
617,761,000
13.95
57,737,000
74,151,000
28.43
20
KARELIA TOBACCO COMPANY INC.
TOBACCO PRODUCTS
646,740,000
679,730,000
5.10
88,290,000
68,641,000
-22.26
21
ATHENS WATER SUPPLY AND SEWERAGE COMPANY (EYDAP) S.A.
PUBLIC ENTERPRISES & ORGANISATIONS
328,851,000
327,343,000
-0.46
41,324,000
66,473,000
60.86
22
F.H.L. KYRIAKIDIS GROUP
NON MINERAL
65,573,616
112,801,466
72.02
27,707,236
65,651,703
136.95
23
PUBLIC GAS CORPORATION OF GREECE S.A. (DEPA)
ENERGY
861,983,265
1,088,091,067
26.23
125,948,944
65,496,011
-48.00
24
HYUNDAI HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
12,788,775
44,729,491
249.76
-60,550,256
62,766,945
0.00
25
GRIVALIA PROPERTIES REIC
REAL ESTATE
50,045,000
53,541,000
6.99
26,829,000
59,082,000
120.22
26
AEGEAN AIRLINES S.A.
AIRLINES
891,534,490
933,318,800
4.69
50,017,760
58,043,290
16.05
27
HELLENIC DUTY FREE SHOPS S.A.
MISCELLANEOUS PRODUCTS
273,862,000
283,635,000
3.57
43,921,000
54,124,000
23.23
28
AUTO POINT S.A.
TRANSPORTATION MEANS & SPARE PARTS
2,535,633
2,052,348
-19.06
-20,912,465
47,950,767
0.00
29
PORTO CARRAS S.A.
HOTEL
30
ELVALHALCOR S.A.
METAL PRODUCTS
31
HELLENIC TELECOMMUNICATIONS & POST COMMISSION
MISCELLANEOUS SERVICES
32
PAVLIDIS MARBLE-GRANITE S.A.
NON MINERAL
33
CENTRAL GREECE MOTORWAY S.A.
TRANSPORT
34
CHIPITA S.A.
FOOD PRODUCTS
109,438,000
35
AKTOR PARAXORISIS S.A.
HOLDING COMPANIES
36
VODAFONE - PANAFON S.A.
TELECOMUNICATIONS
37
HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR (HEDNO) S.A.
ENERGY
38
BIC VIOLEX S.A.
39
NESTLE HELLAS S.A.
40
27,251,711
20,334,107
-25.38
-4,519,964
47,797,071
0.00
771,013,000
895,786,000
16.18
27,056,000
47,784,000
76.61
39,426,169
39,872,226
1.13
36,005,187
45,969,133
27.67
62,220,278
81,397,313
30.82
31,097,231
42,016,654
35.11
144,497,320
88,067,642
-39.05
16,388,723
40,401,945
146.52
117,883,000
7.72
31,099,000
38,325,000
23.24
1,742,996
1,781,016
2.18
28,912,887
37,960,713
31.29
853,400,000
871,500,000
2.12
5,400,000
37,200,000
588.89
2,019,842,000
895,976,000
-55.64
13,845,000
36,698,000
165.06
MISCELLANEOUS PRODUCTS
202,645,697
198,015,153
-2.29
40,717,372
35,342,319
-13.20
FOOD PRODUCTS
331,553,521
336,026,131
1.35
10,667,744
34,719,777
225.47
CH. ROKAS – ARCADIA METAL INDUSTRY S.A.
METAL PRODUCTS
53,269,000
51,559,000
-3.21
31,056,000
33,457,000
7.73
41
TELEPERFORMANCE S.A. (DIAL-SERVICE 800)
SERVICES
126,543,592
165,539,676
30.82
27,261,241
31,822,003
16.73
42
IMERYS INDUSTRIAL MINERALS GREECE S.A.
NON MINERAL
98,948,000
105,292,000
6.41
22,766,000
31,813,000
39.74
43
AUTOHELLAS (HERTZ) S.A.
CAR RENTAL
161,432,358
189,135,266
17.16
21,345,786
30,731,298
43.97
44
OLYMPIC AIR S.A.
AIRLINES
163,819,000
259,979,000
58.70
1,645,000
27,805,000
1590.27
I 102 I
I 103 I
PUBLIC ENTERPRISES & ORGANISATIONS
46,590,214
47,652,227
2.28
14,398,360
27,684,972
92.28
46
ENERGEAN
PETROLEUM PRODUCTS
34,842,000
48,157,000
38.22
-42,898,000
27,493,000
0.00
47
AUTO DEAL Π. & Ρ. DAVARI S.A.
TRANSPORTATION MEANS & SPARE PARTS
8,201,872
16,818,679
105.06
-27,672,228
27,267,939
0.00
48
EDF EN HELLAS S.A.
ENERGY
2,443,378
2,657,610
8.77
24,638,561
26,877,670
9.09
49
TEMES S.A.
HOTELS
41,502,133
45,815,783
10.39
27,166,892
25,868,849
-4.78
50
MASOUTIS D. SUPERMARKET S.A.
SUPERMARKET
800,583,000
761,589,000
-4.87
36,858,000
25,798,000
-30.01
51
PCT – PIRAEUS CONTAINER TERMINAL S.A.
CARGO MANAGEMENT
160,022,599
162,459,591
1.52
40,290,312
25,275,460
-37.27
52
HELLENIC DAIRIES S.A.
FOOD PRODUCTS
224,952,645
256,717,193
14.12
7,632,927
25,213,735
230.33
53
THESSALONIKI WATER SUPPLY & SEWERAGE COMPANY (EYATH) S.A.
PUBLIC ENTERPRISES & ORGANISATIONS
73,278,000
73,401,000
0.17
21,568,000
25,194,000
16.81
54
GAS DISTRIBUTION COMPANY OF THESSALIA - THESSALONIKI S.A.
ENERGY
33,164,640
53,386,235
60.97
7,209,936
24,859,395
244.79
55
PLASTIKA KRITIS S.A.
PLASTICS - RUBBER
140,059,000
142,651,000
1.85
22,163,000
24,221,000
9.29
56
HELLENIC LOTTERIES S.A.
MISCELLANEOUS SERVICES
270,325,000
269,999,000
-0.12
11,244,000
23,102,000
105.46
57
GR. SARANTIS S.A.
PHARMACEUTICALS - DETERGENTS
140,243,961
140,414,023
0.12
15,108,885
22,862,769
51.32
58
KARATZI S.A.
MISCELLANEOUS PRODUCTS
65,853,000
70,431,000
6.95
11,024,000
22,587,000
104.89
59
EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A.
INSURANCE
167,685,000
0
0.00
20,616,000
22,183,000
7.60
60
NIREUS AQUACULTURE S.A.
FOOD PRODUCTS
0
0
0.00
6,509,576
21,762,159
234.31
61
SKYSERV S.A.
AIRLINES
33,978,094
44,242,170
30.21
6,986,398
21,389,026
206.15
62
EUROBANK EFG FACTORS S.A.
SERVICES
27,346,742
24,783,653
-9.37
23,097,148
21,307,538
-7.75
63
PIRAEUS PORT AUTHORITY S.A. (OLP)
SERVICES
103,496,607
111,530,837
7.76
11,039,463
21,186,804
91.92
64
AXA INSURANCE S.A.
INSURANCE
147,734,000
149,175,000
0.98
20,080,000
21,149,000
5.32
65
INTERLIFE S.A.
INSURANCE
0
0
0.00
11,310,135
20,902,476
84.81
66
L’OREAL HELLAS S.A.
COSMETICS
129,999,910
140,237,140
7.88
16,299,802
20,832,372
27.81
67
PYLAIA S.A.
REAL ESTATE
21,836,769
22,198,760
1.66
14,343,736
19,429,361
35.46
68
NIKAS P. G. S.A.
FOOD PRODUCTS
41,801,683
44,916,867
7.45
-7,027,167
19,221,362
0.00
69
OLYMPIC S.A. (AVIS)
CAR RENTAL
163,191,000
169,906,000
4.12
19,354,000
19,144,000
-1.09
70
BP HELLENIC S.A.
PETROLEUM PRODUCTS
194,761,433
244,453,144
25.51
16,947,797
19,121,494
12.83
71
FRAPORT REGIONAL AIRPORTS OF GREECE ‘’A’’ S.A
TRANSPORT
0
128,920,316
0.00
-3,674,991
18,799,750
0.00
72
LEASEPLAN HELLAS S.A.
CAR RENTAL
95,456,366
108,829,160
14.01
14,169,544
18,397,238
29.84
73
TERNA ENERGY S.A.
CONSTRUCTIONS
107,433,000
96,175,000
-10.48
18,726,000
18,378,000
-1.86
74
PENTE S.A.
SUPERMARKET
519,061,137
482,772,106
-6.99
30,298,760
18,264,276
-39.72
75
PHARMATHEN S.A.
PHARMACEUTICALS
156,460,711
176,163,599
12.59
12,755,137
18,229,928
42.92
76
HELIOS HOTELS
HOTELS
14,635,880
18,696,910
27.75
-9,383,162
18,195,557
0.00
77
GRECIAN MAGNESITE S.A.
MINES
38,582,767
41,184,514
6.74
-538,312
17,944,318
0.00
78
DOW HELLAS S.A.
CHEMICAL PRODUCTS
59,734,382
68,557,237
14.77
15,069,473
16,395,020
8.80
79
ELTRAK S.A.
MACHINES
42,973,000
42,594,000
-0.88
1,384,000
15,956,000
1052.89
80
PIRAEUS INSURANCE AGENCY S.A.
INSURANCE
34,336,940
23,638,700
-31.16
24,481,922
15,386,489
-37.15
81
DIXONS DSGI SOUTH-EAST EUROPE S.A.
ELECTRICAL APPLIANCES
407,877,709
456,879,365
12.01
9,704,157
15,087,347
55.47
82
IKTINOS HELLAS S.A.
NON MINERAL
31,724,004
47,609,598
50.07
1,409,842
14,910,132
957.58
83
SUPPLY GAS COMPANY THESSALONIKIS - THESSALIAS S.A. (ZENIΘ)
ENERGY
3,270,389
185,104,706
5560.02
1,185,993
14,791,636
1147.19
84
GENESIS PHARMA S.A.
PHARMACEUTICALS
99,417,735
108,751,754
9.39
10,963,048
14,278,047
30.24
85
DEMO S.A.
PHARMACEUTICALS
136,328,806
135,938,101
-0.29
17,883,633
14,044,002
-21.47
86
LAMDA DOMI S.A.
REAL ESTATE
20,550,990
20,825,172
1.33
12,240,566
14,001,814
14.39
87
ATHENIAN BREWERY S.A.
BEVERAGES - SPIRITS
321,628,672
341,242,032
6.10
13,397,576
13,940,603
4.05
I 104 I
045 - 087
Pre-Tax Income Change
PUBLIC PROPERTIES COMPANY S.A.
Sector
Pre-Tax Income 2017
Turnover 2017
45
Company Name
Pre-Tax Income 2016
Turnover 2016
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover Change
DIAMONDS OF THE GREEK ECONOMY
PHARMACEUTICALS & COSME TICS
Pharmaceuticals and Cosmetics 37, Pireos Str., 18346 Moschato, Athens, Greece, Tel.: +30 210 4819311, e-mail: info@adelco.gr, www.adelco.gr
088 - 132
88
PFIZER HELLAS S.A.
PHARMACEUTICALS COSMETICS
89
CORAL S.A. (ex SHELL HELLAS S.A.)
PETROLEUM PRODUCTS
90
ANEK LINES S.A.
TRANSPORT
91
COCA - COLA TRIA EPSILON (3Ε)
BEVERAGES
92
THESSALONIKI PORT AUTHORITY S.A.
93
GEFYRA S.A.
94
TOYOTA HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
95
ABC FACTORS S.A.
FACTORING
96
AKTOR A.T.E
-
97
ATTICA DEPARTMENT STORE S.A.
CLOTHING - FOOTWEAR
98
OSY S.A.
-
99
TITAN CEMENT COMPANY S.A.
NON MINERAL
100
ATTIKI NATURAL GAS DISTRIBUTION S.A.
ENERGY
101
MERMEREN KOMBINAT AD PRILEP
NON MINERAL
102
AEGEAN MOTORWAY S.A.
TRANSPORT
103
EUROBANK EQUITIES INV. FIRM S.A.
FINANCIAL SERVICES
104
EL.TECH. ANEMOS S.A.
105
ACS S.A.
106
1,546,333,000 183,176,000
13,508,197
Pre-Tax Income Change
228,791,323
Pre-Tax Income 2017
238,727,450
Pre-Tax Income 2016
Sector
Turnover Change
Company Name
Turnover 2017
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
DIAMONDS OF THE GREEK ECONOMY
-4.16
12,517,772
7.91
1,766,231,000
14.22
22,181,000
13,320,000
-39.95
149,304,000
-18.49
824,000
12,729,000
1444.78
411,800,000
456,900,000
10.95
2,100,000
12,500,000
495.24
SERVICES
48,061,529
54,231,941
12.84
21,081,796
12,474,042
-40.83
TRANSPORT
37,535,619
41,717,919
11.14
8,787,095
12,321,255
40.22
170,144,068
180,204,791
5.91
9,583,643
12,275,841
28.09
19,110,421
16,460,569
-13.87
14,187,113
12,261,719
-13.57
1,182,043,000
1,190,396,000
0.71
-127,099,000
12,095,000
0.00
166,978,943
178,847,703
7.11
11,605,470
12,081,930
4.11
87,542,912
82,542,060
-5.71
-16,881,889
12,009,281
0.00
262,475,000
233,805,000
-10.92
22,706,000
11,881,000
-47.68
51,044,895
50,355,516
-1.35
15,001,491
11,855,768
-20.97
16,638,331
26,140,710
57.11
3,946,602
11,850,441
200.27
158,022,177
136,849,495
-13.40
7,785,819
11,748,574
50.90
6,516,200
21,496,515
229.89
-5,377,439
11,590,936
0.00
ENERGY
42,464,603
47,744,685
12.43
14,538,854
11,334,165
-22.04
COURIER SERVICES
89,992,650
98,933,779
9.94
10,754,239
11,200,647
4.15
PELOPONNESE WIND POWER S.A.
ENERGY
25,111,379
25,233,295
0.49
10,774,387
10,964,720
1.77
107
LAMDA OLYMPIA VILLAGE S.A.
REAL ESTATE
32,233,353
32,446,844
0.66
9,075,562
10,950,542
20.66
108
LAMPSA HELLENIC HOTELS S.A.
HOTELS
42,072,000
50,506,000
20.05
5,751,000
10,843,000
88.54
109
PROMETHEUS GAS S.A.
ENERGY
20,282,034
181,371,733
794.25
1,422,088
10,774,519
657.66
110
D. KORONAKIS S.A.
MISCELLANEOUS PRODUCTS
41,747,457
40,583,172
-2.79
12,554,491
10,692,134
-14.83
111
E. I. PAPADOPOULOS S.A.
FOOD PRODUCTS
142,716,377
148,786,486
4.25
10,013,763
10,612,154
5.98
112
CHALKIADAKIS S.A.
SUPERMARKET
155,368,657
154,965,643
-0.26
11,008,133
10,527,159
-4.37
113
METRO S.A.
SUPERMARKET
1,104,487,875
1,172,125,667
6.12
12,446,485
10,400,751
-16.44
114
ERNST & YOUNG (HELLAS) CERTIFIED AUDITORS ACCOUNTANTS S.A.
FINANCIAL SERVICES
40,400,000
53,571,078
32.60
4,680,000
10,391,937
122.05
115
HELLENIC DOUGH – ARABATZIS S.A.
FOOD PRODUCTS
67,179,000
72,733,000
8.27
8,258,000
10,391,000
25.83
116
EPIROTIKI BOTTLING CO. “VIKOS” S.A.
BEVERAGES - SPIRITS
67,721,356
70,573,635
4.21
14,555,166
10,341,922
-28.95
117
FLEXOPACK S.A.
PLASTICS - RUBBER
67,416,000
70,284,000
4.25
8,175,000
10,327,000
26.32
118
SHELL & MOH AVIATION FUELS S.A.
PETROLEUM PRODUCTS
177,896,000
223,872,000
25.84
10,097,000
10,291,000
1.92
119
FAGE S.A.
FOOD PRODUCTS
159,160,000
143,404,000
-9.90
-10,352,000
9,935,000
0.00
120
KRI KRI MILK INDUSTRY S.A.
FOOD PRODUCTS
66,570,168
79,246,189
19.04
8,161,529
9,890,525
21.19
121
AGROINVEST S.A.
FOOD PRODUCTS
101,632,517
93,713,254
-7.79
15,053,744
9,858,197
-34.51
122
FIBRAN D. ANASTASIADIS S.A.
PLASTICS - RUBBER
102,522,733
118,938,564
16.01
4,738,038
9,686,866
104.45
123
INTERCOMM FOODS S.A.
FOOD PRODUCTS
81,316,554
84,710,805
4.17
11,247,655
9,634,512
-14.34
124
OIKODOMIKI MYKONOU S.A.
NON MINERAL
5,616,412
8,010,661
42.63
30,799
9,577,888
30998.05
125
HEWLETT PACKARD HELLAS LTD.
OFFICE DEVICES
43,442,256
42,459,361
-2.26
6,262,311
9,547,470
52.46
126
SOYA HELLAS S.A.
FOOD PRODUCTS
251,713,412
293,415,039
16.57
11,071,375
9,414,012
-14.97
127
COCA - COLA HBC LTD
MISCELLANEOUS
55,800,000
53,000,000
-5.02
20,600,000
9,400,000
-54.37
128
SYSTEMS SUNLIGHT S.A.
ELECTRICAL SUPPLIES
168,434,865
222,847,726
32.31
5,270,973
9,050,257
71.70
129
VIVECHROM DR ST. D. PATERAS S.A.
CHEMICAL PRODUCTS
51,534,896
51,620,659
0.17
8,936,067
8,897,342
-0.43
130
NOVARTIS HELLAS S.A.
PHARMACEUTICALS
329,493,783
315,730,665
-4.18
13,395,765
8,882,750
-33.69
131
ROLEX HELLAS S.A.
WATCHES
50,028,704
53,109,531
6.16
7,489,539
8,834,737
17.96
132
HELLENIC SEAWAYS S.A.
TRANSPORTATION
131,542,000
128,946,000
-1.97
6,392,000
8,824,000
38.05
I 106 I
I 107 I
133 - 178
133
THESSALONIKI TECHNICAL WORKS COMPANY S.A. (ETETH)
CONSTRUCTION COMPANIES
134
OTE INTERNATIONAL SOLUTIONS S.A.
TELECOMUNICATIONS
135
BIRROS HELLENIC QUARRIES SA
NON MINERAL
136
PAVLOS N. PETTAS S.A.
FOOD PRODUCTS
137
LOUIS HOTELS
HOTELS
138
MEDIPRIME S.A.
139 140
Pre-Tax Income Change
Pre-Tax Income 2017
Pre-Tax Income 2016
Sector
Turnover Change
Company Name
Turnover 2017
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
DIAMONDS OF THE GREEK ECONOMY
28,136,715
25,577,854
-9.09
8,974,472
8,805,786
-1.88
341,119,947
333,475,093
-2.24
8,285,483
8,707,034
5.09
17,413,197
27,343,303
57.03
4,435,583
8,657,779
95.19
134,459,868
157,466,263
17.11
9,818,462
8,594,839
-12.46
46,833,974
42,620,624
-9.00
7,096,066
8,579,892
20.91
SCIENTIFIC & MEDICAL DEVICES
28,970,887
34,330,427
18.50
8,998,720
8,510,097
-5.43
MEDITERRANEAN SHIPPING COMPANY HELLAS S.A.
SERVICES
57,202,974
59,902,588
4.72
6,985,544
8,411,942
20.42
ECIO
INSURANCE
4,378,725
7,544,087
72.29
3,230,300
8,401,110
160.07
141
ARITI S.A.
MEDICAL DEVICES
32,582,582
25,747,563
-20.98
7,055,574
8,385,576
18.85
142
FORD MOTOR HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
69,264,617
83,377,403
20.38
7,350,512
8,361,825
13.76
143
YDROGIOS S.A.
INSURANCE
56,161,331
50,080,480
-10.83
11,494,739
8,356,696
-27.30
144
D.N. HARITOPOULOS S.A.
NON MINERAL
9,412,714
10,745,973
14.16
5,852,676
8,217,381
40.40
145
SELMAN S.A.
TRANSPORTATION MEANS
8,374,361
21,149,973
152.56
2,225,191
8,122,271
265.02
146
EOLIKI LAYKOY S.A.
ENERGY
11,255,051
10,845,656
-3.64
2,854,282
8,062,706
182.48
147
MONOTEZ S.A.
PLASTICS - RUBBER
68,817,912
85,394,976
24.09
5,717,862
8,043,307
40.67
148
NEWREST HELLAS S.A.
FOOD PRODUCTS
43,183,920
46,608,959
7.93
6,907,371
8,023,092
16.15
149
IFET - INSTITUTE OF PHARMACEUTICAL RESEARCH & TECHNOLOGY S.A.
PHARMACEUTICALS COSMETICS
50,512,094
67,291,352
33.22
3,979,651
7,972,524
100.33
150
FAIAX S.A.
HOTELS
151
TH. NITSIAKOS S.A.
FOOD PRODUCTS
152
KALOGIANNIS KOUTSIKOS S.A.
153 154
48,049,189
58,470,240
21.69
5,359,793
7,940,609
48.15
301,470,991
324,457,182
7.63
8,038,957
7,919,469
-1.49
SPIRITS
17,056,551
15,055,107
-11.73
9,567,359
7,841,764
-18.04
BALAKANAKIS BROS S.A.
FOOD PRODUCTS
47,545,872
46,169,276
-2.90
6,711,298
7,832,349
16.70
ETHNIKI LEASING S.A.
CAR RENTAL
15,684,000
10,069,000
-35.80
1,421,000
7,783,000
447.71
155
BIOMAR HELLENIC S.A.
FOOD PRODUCTS
64,429,985
66,440,785
3.12
7,717,463
7,752,345
0.45
156
BAYER HELLAS S.A.
PHARMACEUTICALS
146,133,167
151,384,300
3.59
8,916,682
7,667,618
-14.01
157
CLOUD HELLAS S.A.
REAL ESTATE
5,596,000
5,858,000
4.68
5,236,000
7,565,000
44.48
158
BIOIATRIKI S.A.
MEDICAL SERVICES
89,385,697
88,215,580
-1.31
14,120,222
7,546,666
-46.55
159
BIOKOSMOS S.A.
SCIENTIFIC & MEDICAL DEVICES
11,726,463
14,890,188
26.98
4,548,001
7,544,649
65.89
160
BARILLA HELLAS S.A.
FOOD PRODUCTS
71,686,156
71,979,108
0.41
6,228,171
7,525,099
20.82
161
KLEEMANN HELLAS S.A.
MACHINES - DEVICES
81,112,589
92,755,780
14.35
1,976,385
7,524,498
280.72
162
GOLF RESIDENCIES S.A.
HOTELS
32,332,737
35,834,379
10.83
6,463,670
7,515,873
16.28
163
COOPER PHARMACEUTICALS S.A.
PHARMACEUTICALS
25,803,921
28,096,368
8.88
6,773,885
7,496,442
10.67
164
PROMETAL S.A.
METALLIC PRODUCTS
69,210,696
79,869,645
15.40
4,069,374
7,495,123
84.18
165
LOUIS VUITTON HELLAS S.A.
CLOTHING
17,315,969
21,298,195
23.00
5,152,920
7,405,449
43.71
166
ION COCOA & CHOCOLATE MANUFACTURERS S.A.
FOOD PRODUCTS
107,885,229
107,935,518
0.05
4,901,039
7,348,906
49.95
167
PLAISIO COMPUTERS S.A.
OFFICE DEVICES
279,020,000
281,146,000
0.76
6,548,000
7,320,000
11.79
168
SMIRDEX S.A.
NON MINERAL
15,714,603
17,892,414
13.86
6,212,226
7,193,274
15.79
169
LARSINOS S.A.
NON MINERAL
80,363,724
63,538,568
-20.94
11,478,423
7,174,235
-37.50
170
BARBA STATHIS S.A.
FOOD PRODUCTS
86,521,000
84,210,000
-2.67
4,086,000
7,108,000
73.96
171
UNISOFT A.E.
ΤΗΛΕΠΙΚΟΙΝΩΝΙΕΣ
7,220,798
7,196,674
-0.33
-13,222,760
7,082,634
0.00
172
AIOLIKI PASTRA ATTIKIS S.A.
ENERGY
10,117,000
10,535,000
4.13
5,258,000
6,957,000
32.31
173
SUPPLY UNIQUE S.A. (COFFEE ISLAND)
MISCELLANEOUS SERVICES
25,415,424
31,634,546
24.47
6,845,560
6,954,599
1.59
174
CHATZILAZAROU Ι. S.A.
HOTELS
18,032,705
19,957,648
10.68
5,185,168
6,887,773
32.84
175
FAMAR S.A.
PHARMACEUTICALS
120,074,013
125,629,948
4.63
-12,841,864
6,868,056
0.00
176
B&F COMMERCIAL & GARMENT INDUSTRIES S.A.
CLOTHING
63,297,251
68,123,461
7.63
7,410,969
6,846,909
-7.61
177
SHOP & TRADE S.A.
CLOTHING
41,390,346
44,239,685
6.88
716,147
6,795,374
848.88
178
H. B. BODY S.A.
CHEMICAL PRODUCTS
36,207,263
34,320,581
-5.21
7,895,624
6,733,409
-14.72
I 108 I
I 109 I
5.21
10,083,350
6,667,478
-33.88
7,403,572
-7.82
7,924,944
6,662,458
-15.93
224,084,519
241,624,860
7.83
6,050,474
6,479,900
7.10
MISCELLANEOUS PRODUCTS
27,126,516
27,144,334
0.07
6,637,308
6,431,645
-3.10
PAPER
27,009,030
31,684,342
17.31
8,201,397
6,415,482
-21.78
122,401,000
132,967,000
8.63
3,182,000
6,406,000
101.32
40,290,685
42,835,571
6.32
6,401,042
6,401,524
0.01
8,705,725
10,270,270
17.97
3,731,232
6,390,300
71.27
BEVERAGES - SPIRITS
43,517,568
48,529,481
11.52
3,288,363
6,314,534
92.03
MOUSTAKAS G.N. S.A.
MISCELLANEOUS PRODUCTS
52,085,093
54,346,410
4.34
6,320,240
6,206,595
-1.80
ACCENTURE S.A.
MISCELANEOUS SERVICES
49,536,425
57,625,522
16.33
1,993,743
6,202,468
211.10
190
IBM HELLAS S.A.
OFFICE DEVICES
82,887,000
79,390,000
-4.22
7,743,000
6,148,000
-20.60
191
SANTA MARINA S.A.
HOTELS
16,008,358
22,352,862
39.63
706,451
6,116,222
765.77
192
HERMES S.A.
PETROLEUM PRODUCTS
480,037,000
581,842,000
21.21
4,766,000
6,041,000
26.75
193
MEGAPLAST S.A.
PLASTICS - RUBBER
25,735,362
29,417,151
14.31
3,774,979
6,003,668
59.04
194
MELISSA KIKIZAS FOOD PRODUCTS S.A.
FOOD PRODUCTS
56,729,890
61,352,859
8.15
5,685,483
5,933,238
4.36
195
ALLIANZ HELLAS INSURANCE COMPANY S.A.
INSURANCE
196
H & M HENNES & MAURITZ S.A.
CLOTHING - FOOTWEAR
197
FREZYDERM S.A.
198
179 - 221
179
OPTIMA S.A.
FOOD PRODUCTS
180
PIRAEUS INSURANCE & REINSURANCE BROKERAGE S.A.
INSURANCE
181
ZARA HELLAS S.A.
CLOTHING - FOOTWEAR
182
LUXOTTICA HELLAS S.A.
183
GLAROS PAPER INDUSTRY S.A.
184
KAFKAS S.A.
ELECTRICAL SUPPLIES
185
GREGORY’S MICROMEALS – GEORGATOS S.A.
FOOD PRODUCTS
186
ΕΘΝΙΚΗ ASSET MANAGEMENT S.A.
FINANCIAL SERVICES
187
CHITOS S.A..
188 189
Pre-Tax Income Change
134,141,566
8,031,616
Sector
Pre-Tax Income 2017
Turnover 2017
127,499,494
Company Name
Pre-Tax Income 2016
Turnover 2016
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover Change
DIAMONDS OF THE GREEK ECONOMY
83,187,000
49,455,000
-40.55
5,315,000
5,916,000
11.31
157,497,549
154,462,511
-1.93
4,778,076
5,912,431
23.74
PHARMACEUTICALS DETERGENTS
39,806,527
41,921,800
5.31
6,170,559
5,907,689
-4.26
ATTICA TERRA FOOD AND DRINKS S.A.
FOOD PRODUCTS
23,210,348
40,261,694
73.46
5,029,217
5,892,916
17.17
199
OLYMPIC BREWERY S.A.
BEVERAGES - SPIRITS
146,856,976
148,438,878
1.08
1,820,866
5,862,869
221.98
200
CARAVEL HOTELS S.A.
HOTELS
30,667,059
35,783,833
16.69
4,498,803
5,845,397
29.93
201
PHARMASERVE – LILLY S.A.
PHARMACEUTICALS COSMETICS
84,479,943
92,514,023
9.51
4,641,677
5,837,522
25.76
202
EDENRED S.A.
MISCELLANEOUS SERVICES
8,174,757
9,710,910
18.79
4,929,662
5,815,350
17.97
203
VIANEX S.A.
PHARMACEUTICALS DETERGENTS
228,865,965
220,184,011
-3.79
12,974,854
5,797,578
-55.32
204
AGRIFREDA S.A.
FOOD PRODUCTS
25,886,879
32,752,941
26.52
3,509,624
5,737,658
63.48
205
NOKIA SOLUTIONS & NETWORKS HELLAS S.A.
ELECTRICAL SUPPLIES
138,877,299
127,066,160
-8.51
7,026,282
5,722,531
-18.56
206
BOEHRINGER INGELHEIM HELLAS S.A.
PHARMACEUTICALS DETERGENTS
226,830,856
240,677,894
6.11
2,834,921
5,720,858
101.80
207
ESPERIA GROUP S.A.
HOTELS
29,951,679
35,486,015
18.48
4,556,328
5,629,218
23.55
208
PALIRRIA SOULIOTIS S.A.
FOOD PRODUCTS
39,026,967
38,262,463
-1.96
5,757,551
5,615,657
-2.46
209
CALIN S.A.
CLOTHING
50,606,259
51,927,506
2.61
4,871,558
5,613,317
15.23
210
DIAXON S.A.
PLASTICS - RUBBER
15,558,000
15,540,000
-0.12
5,851,000
5,612,000
-4.09
211
COSMOS ALUMINIUM S.A.
METALLIC PRODUCTS
68,952,000
78,080,000
13.24
4,662,000
5,582,000
19.73
212
IATROPOLIS S.A.
MEDICAL SERVICES
13,174,509
13,537,444
2.76
4,537,290
5,525,311
21.78
213
AMVYX S.A.
BEVERAGES - SPIRITS
62,786,913
75,276,986
19.89
4,873,679
5,506,545
12.99
214
“OLYMP” KONSTANTOPOULOS S.A.
FOOD PRODUCTS
37,809,341
41,665,905
10.20
5,336,175
5,503,016
3.13
215
ARGO S.A.
PLASTICS - RUBBER
28,723,242
29,196,410
1.65
9,830,674
5,477,684
-44.28
216
SILCIO S.A.
ELECTRICAL SUPPLIES
16,873,552
28,254,383
67.45
-223,138
5,458,916
0.00
217
MERCK SHARP & DOHME S.A.
PHARMACEUTICALS COSMETICS
162,823,683
180,503,575
10.86
4,534,441
5,429,526
19.74
218
SOL S.A.
SERVICES
35,404,724
32,334,382
-8.67
627,055
5,354,641
753.94
219
ATTIKES DIADROMES S.A.
SERVICES
47,765,609
49,832,510
4.33
6,439,569
5,345,346
-16.99
220
BEIERSDORF HELLAS S.A.
COSMETICS
43,252,136
42,618,215
-1.47
4,750,402
5,318,934
11.97
221
IAPONIKI S.A.
TRANSPORTATION MEANS & SPARE PARTS
42,918,637
48,638,890
13.33
3,199,291
5,285,086
65.20
I 110 I
I 111 I
PETROLEUM PRODUCTS
1,285,376,895
1,354,702,198
5.39
5,165,196
5,257,191
1.78
223
ELVIAL S.A.
ALUMINUM PRODUCTS
55,914,882
65,690,212
17.48
4,661,991
5,248,768
12.59
224
LITTLE ACRE MILK FARM S.A.
FOOD PRODUCTS
225
LANDIS + GYR S.A.
MISCELLANEOUS PRODUCTS
226
TASTY FOODS S.A.
FOOD PRODUCTS
227
EUROPEAN DYNAMICS S.A.
IT
228
SYMETAL S.A.
-
229
FRIGO STAHL S.A.
CONSTRUCTION COMPANIES
35,195,317
230
LEADER S.A.
FOOD PRODUCTS
231
EKO CALYPSO SOLE SHAREHOLDER CO. LTD.
PETROLEUM PRODUCTS
232
SCHUR FLEXIBLES ABR S.A.
233 234
222 - 266
Pre-Tax Income Change
ELINOIL S.A.
Sector
Pre-Tax Income 2017
Turnover 2017
222
Company Name
Pre-Tax Income 2016
Turnover 2016
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover Change
DIAMONDS OF THE GREEK ECONOMY
55,104,482
54,421,051
-1.24
2,279,846
5,242,764
129.96
118,567,910
130,142,151
9.76
7,535,800
5,189,941
-31.13
98,892,080
99,617,313
0.73
6,632,162
5,152,039
-22.32
13,470,253
19,111,312
41.88
2,477,026
5,150,321
107.92
151,787,843
220,309,344
45.14
4,560,454
5,149,681
12.92
33,961,792
-3.51
4,480,664
5,146,224
14.85
59,551,828
69,681,408
17.01
3,286,710
5,119,304
55.76
312,569,000
376,565,000
20.47
4,444,000
5,018,000
12.92
PLASTICS - RUBBER
43,772,108
51,520,243
17.70
3,084,677
4,959,266
60.77
POLYEKO S.A.
MISCELANNEOUS PRODUCTS’
19,044,131
19,692,278
3.40
3,845,969
4,945,685
28.59
INTERBANKING SYSTEMS “DIAS” S.A.
FINANCIAL SERVICES
13,625,959
12,139,698
-10.91
6,516,397
4,941,159
-24.17
235
MENARINI HELLAS S.A.
PHARMACEUTICALS COSMETICS
51,651,670
56,672,996
9.72
1,689,686
4,910,827
190.64
236
MICREL MEDICAL DEVICES S.A.
MISCELLANEOUS PRODUCTS
14,285,728
16,973,012
18.81
4,219,655
4,883,435
15.73
237
VIOAERIO ENERGEIA ANO LIOSIA S.A..
ENERGY
16,439,760
16,473,941
0.21
3,777,580
4,879,959
29.18
238
FIAT GROUP AUTOMOBILES HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
80,787,756
107,162,022
32.65
2,847,957
4,793,901
68.33
239
DAEDALUS S.A.
HOTELS
13,622,293
14,496,665
6.42
2,084,212
4,790,181
129.83
240
DANAIS S.A.
FOOD PRODUCTS
23,660,482
24,187,149
2.23
3,378,931
4,789,873
41.76
241
ARGOTECH BOZATZIDIS – MITSIOLIDIS S.A.
AGRICULTURAL MACHINES
35,732,957
34,780,458
-2.67
5,115,035
4,722,299
-7.68
242
PPC RENEWABLES S.A..
ENERGY
30,813,956
25,862,614
-16.07
14,862,386
4,712,328
-68.29
243
ASTERAS S.A.
HOTELS
14,053,651
15,705,515
11.75
3,444,955
4,690,228
36.15
244
ESSITY HELLAS S.A.
DETERGENTS - COSMETICS
245
MEGA DISPOSABLES S.A.
PAPER
246
DEAS S.A.
247
40,767,710
35,758,993
-12.29
3,401,439
4,679,457
37.57
148,577,699
168,436,557
13.37
5,092,192
4,656,142
-8.56
FOOD PRODUCTS
39,515,699
41,901,307
6.04
4,665,993
4,639,136
-0.58
PRICEWATERHOUSECOOPERS BUSINESS SOLUTIONS S.A.
FINANCIAL SERVICES
32,730,467
34,325,731
4.87
4,197,973
4,630,082
10.29
248
LAVA MINING & QUARRYING CO. S.A.
MINES
10,134,000
11,598,000
14.45
2,096,000
4,588,000
118.89
249
EDPS S.A..
MISCELLANEOUS SERVICES
5,682,816
6,799,061
19.64
3,344,875
4,580,564
36.94
250
ANTIPOLLUTION S.A.
SERVICES
14,883,835
16,507,265
10.91
4,352,668
4,562,101
4.81
251
LOULIS MILLS S.A.
FOOD PRODUCTS
96,536,741
92,153,609
-4.54
4,586,228
4,561,579
-0.54
252
DIAFANO S.A.
FURNITURE - RUGS - LIGHTING
7,966,058
9,802,757
23.06
-881,099
4,553,915
0.00
253
AGRI – TRIKALA
TEXTILES
16,171,527
17,556,223
8.56
-6,602,281
4,530,320
0.00
254
ΕΝΕΤ SOLUTIONS - LOGICOM S.A.
OFFICE DEVICES
88,863,540
115,343,920
29.80
863,532
4,467,001
417.29
255
INTERBETON S.A.
NON MINERAL
78,911,638
91,166,801
15.53
-7,667,727
4,462,814
0.00
256
GIOTIS S.A.
FOOD PRODUCTS
72,984,750
74,655,429
2.29
5,305,075
4,462,356
-15.89
257
ANDROMEDA S.A.
AQUACULTURE
53,570,986
50,869,678
-5.04
655,537
4,451,240
579.02
258
MABIZ S.A.
FOOD PRODUCTS
22,105,489
25,969,696
17.48
3,990,246
4,450,794
11.54
259
REDEX S.A.
REAL ESTATE
18,780,326
27,629,898
47.12
854,404
4,448,610
420.67
260
ATRIUM PALACE S.A.
HOTELS
17,406,631
18,411,413
5.77
2,098,606
4,439,526
111.55
261
SANI S.A.
HOTELS
65,541,101
81,712,162
24.67
10,023,801
4,413,705
-55.97
262
ASTIR VITOGIANNIS BROS S.A.
METAL PRODUCTS
20,301,040
21,511,952
5.97
4,322,174
4,388,249
1.53
263
SPECIFAR S.A.
PHARMACEUTICALS DETERGENTS
64,861,658
54,757,422
-15.58
8,452,314
4,370,077
-48.30
264
MULTY FOAM S.A.
PLASTICS - RUBBER
25,247,479
27,535,544
9.06
5,379,862
4,350,779
-19.13
265
SIEMENS HEALTHCARE S.A.
MEDICAL DEVICES
34,699,177
44,592,016
28.51
314,374
4,350,427
1283.84
266
HERON THERMOELECTRIC S.A.
ENERGY
193,725,000
260,037,000
34.23
6,192,000
4,328,000
-30.10
I 112 I
Ινστιτούτο Φαρμακευτικής Έρευνας και Τεχνολογίας
267 - 312
267
KONSTANTINIDIS BROS S.A.
METAL PRODUCTS
268
HOUSE MARKET S.A.
FURNITURE - RUGS - LIGHTING
269
ALCHIMICA S.A.
270 271
Pre-Tax Income Change
Pre-Tax Income 2017
Pre-Tax Income 2016
Sector
Turnover Change
Company Name
Turnover 2017
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
DIAMONDS OF THE GREEK ECONOMY
24,364,139
32,872,866
34.92
2,827,128
4,313,355
52.57
200,312,000
191,381,000
-4.46
3,238,000
4,310,000
33.11
CHEMICAL PRODUCTS
31,385,701
37,447,927
19.32
6,295,638
4,300,576
-31.69
MEGARA RESINS - FANIS ANASTASSIOS S.A.
CHEMICAL PRODUCTS
42,828,712
54,139,995
26.41
5,543,457
4,299,370
-22.44
ELECTRA S.A.
HOTELS
9,947,534
10,075,059
1.28
3,845,053
4,281,942
11.36
272
SUNWING HOTELS HELLAS S.A.
HOTELS
17,472,792
18,284,758
4.65
3,835,785
4,256,816
10.98
273
AHI CARRIER SOUTH EASTERN EUROPE AIR-CONDITIONING S.A.
SANITATION - AIR CONDITIONING
41,706,000
52,978,000
27.03
2,103,000
4,228,000
101.05
274
COSCO SHIPPING LINES (Greece) S.A.
TRANSPORT
27,565,891
46,524,797
68.78
3,786,622
4,221,058
11.47
275
REA MATERNITY HOSPITAL S.A.
MEDICAL SERVICES
31,693,198
31,461,763
-0.73
4,912,680
4,219,249
-14.12
276
CROWN HELLAS CAN PACKAGING MANUFACTURERS S.A.
METAL PRODUCTS
153,041,731
166,219,229
8.61
3,336,952
4,198,662
25.82
277
ANDRIKOPOULOS S.A.
SUPERMARKET
52,358,112
56,940,743
8.75
3,538,941
4,181,682
18.16
278
KAMARIDIS GLOBAL WIRE S.A.
METAL PRODUCTS
41,145,059
44,159,123
7.33
4,695,194
4,179,059
-10.99
279
DIETHNIS ATHLITIKI LTD.
CLOTHING
54,979,936
52,410,302
-4.67
5,776,337
4,172,106
-27.77
280
SITISI S.A.
FOOD PRODUCTS
4,683,572
11,890,682
153.88
1,065,175
4,161,586
290.70
281
COSMOTE Ε-VALUE S.A.
SERVICES
78,708,000
86,079,000
9.37
6,736,000
4,161,000
-38.23
282
IKOS ΟΛΙΒΙΑ S.A.
HOTELS
19,852,125
22,201,363
11.83
1,565,195
4,156,464
165.56
283
VF HELLAS Ε.Π.Ε.
CLOTHING
18,293,810
20,318,580
11.07
3,630,389
4,141,253
14.07
284
TUI HELLAS S.A.
TOURISM SERVICES
49,206,756
59,324,914
20.56
3,683,632
4,130,613
12.13
285
S. KARYDAKIS S.A.
PRINTING
19,150,304
19,836,181
3.58
4,846,013
4,126,305
-14.85
286
PET CITY S.A.
MISCELLANEOUS PRODUCTS
31,893,307
32,868,169
3.06
3,804,623
4,124,801
8.42
287
ATLAS TAPES S.A.
PLASTICS - RUBBER
70,194,777
84,054,926
19.75
4,906,407
4,122,289
-15.98
288
HOSPITAL LINE S.A.
SCIENTIFIC & MEDICAL DEVICES
12,801,133
14,157,890
10.60
3,328,251
4,118,739
23.75
289
ENVIRONMENTAL PROTECTION ENGINEERING S.A.
CONSTRUCTION COMPANIES
29,120,423
33,479,915
14.97
5,066,865
4,108,291
-18.92
290
ALFA AGRICULTURAL SUPPLIES S.A.
CHEMICAL PRODUCTS
45,344,928
47,497,457
4.75
3,737,673
4,086,403
9.33
291
RAYCAP S.A.
ELECTRICAL SUPPLIES
69,674,719
76,914,622
10.39
5,461,964
4,082,712
-25.25
292
FORUM S.A.
MISCELLANEOUS SERVICES
7,387,511
14,455,811
95.68
1,064,154
4,073,032
282.75
293
EMV (ΕΜΒ) S.A.
ENERGY
9,855,956
11,885,331
20.59
2,568,317
4,069,026
58.43
294
SANOFI AVENTIS S.A.
PHARMACEUTICALS COSMETICS
135,342,363
166,407,764
22.95
1,735,552
4,054,818
133.63
295
FOURLIS HOLDINGS S.A.
HOLDING COMPANIES
3,965,000
4,126,000
4.06
7,243,000
4,033,000
-44.32
296
KARALIS S.A.
FOOD PRODUCTS
297
ATHENS MEDICAL CENTRE S.A.
MEDICAL SERVICES
298
AS COMPANY S.A.
MISCELLANEOUS PRODUCTS
299
KTISTOR S.A.
-
300
HELLENIC JUICES S.A.
301
FYTOENERGEIA S.A.
302
ΕΝΕΡΓΕΙΑΚΗ ΔΕΡΒΕΝΟΧΩΡΙΩΝ Α.Ε.
ENERGY
303
SIEMENS S.A.
304
IMPERIAL TOBACCO HELLAS S.A.
305
ΤΗΕΑ SYNAPSIS LTD
MISCELLANEOUS PRODUCTS
306
MINOAN LINES
307
EURIMAC S.A.
308
29,700,674
33,208,725
11.81
3,610,955
4,032,733
11.68
162,676,475
164,028,116
0.83
3,336,090
4,031,348
20.84
25,109,787
25,070,689
-0.16
3,422,852
4,030,808
17.76
1,381,568
15,764,778
1041.08
7,582
4,025,431
52991.94
BEVERAGES - SPIRITS
24,672,112
25,720,770
4.25
4,695,779
4,025,382
-14.28
CHEMICAL PRODUCTS
25,565,159
23,201,581
-9.25
2,925,172
3,993,763
36.53
7,235,000
7,409,000
2.41
3,446,000
3,993,000
15.87
ELECTRICAL SUPPLIES
61,177,313
53,971,415
-11.78
-1,034,764
3,979,852
0.00
TOBACCO PRODUCTS
67,204,247
61,260,700
-8.84
5,230,388
3,975,809
-23.99
8,354,653
7,861,042
-5.91
2,046,759
3,963,174
93.63
TRANSPORT
52,035,000
69,103,000
32.80
2,423,000
3,926,000
62.03
FOOD PRODUCTS
36,501,919
34,770,953
-4.74
6,757,832
3,916,781
-42.04
VRICO S.A.
METALLIC PRODUCTS
30,069,491
41,084,385
36.63
4,095,205
3,913,250
-4.44
309
KALLAS - PAPADOPOULOS S.A.
FOOD PRODUCTS
149,618,331
176,058,560
17.67
3,267,026
3,913,223
19.78
310
PRINTEC S.A.
OFFICE DEVICES
30,436,774
45,643,375
49.96
219,760
3,895,706
1672.71
311
“THE MANNA” BAKERY, N. TSATSARONAKIS S.A.
FOOD PRODUCTS
10,788,809
11,241,846
4.20
4,239,457
3,838,567
-9.46
312
YARA HELLAS S.A.
CHEMICAL PRODUCTS
82,706,976
83,150,373
0.54
4,571,526
3,831,827
-16.18
I 114 I
l l l
33
l
operation
l
l
l l l
l
l
l
OUR PEOPLE
I 115 I
16.86
3,256,977
3,817,504
17.21
196,633,786
190,651,496
-3.04
4,207,154
3,814,748
-9.33
PHARMACEUTICALS DETERGENTS
34,160,395
37,925,600
11.02
2,423,962
3,806,163
57.02
CORINTHOS POWER S.A.
ENERGY
96,031,836
123,096,199
28.18
-3,251,369
3,796,820
0.00
317
APOLLONIA HOTEL S.A.
HOTELS
12,118,240
13,921,871
14.88
2,350,917
3,771,718
60.44
318
IRIDA S.A.
FOOD PRODUCTS
57,158,551
56,642,536
-0.90
3,489,303
3,758,752
7.72
319
KNAUF S.A.
NON MINERAL
28,660,013
36,069,434
25.85
2,435,759
3,747,516
53.85
320
FULGOR S.A.
ELECTRICAL EQUIPMENT
136,444,014
174,261,526
27.72
-6,729,306
3,727,251
0.00
321
ISOMAT S.A.
CHEMICAL PRODUCTS
42,590,172
48,424,467
13.70
3,296,449
3,704,476
12.38
322
NENDOS S.A.
FOOD PRODUCTS
18,990,138
19,550,071
2.95
4,462,865
3,672,295
-17.71
323
GENERAL MILLS HELLAS S.A.
FOOD PRODUCTS
40,807,645
51,696,075
26.68
-2,487,231
3,668,779
0.00
324
ELECTRA S.A.
HOTELS
325
“PINDOS” IOANNINA AGRICULTURAL POULTRY COOPERATIVE
FOOD PRODUCTS
326
RECKITT BENCKISER HELLAS CHEMICALS S.A.
327
313 - 357
313
ALPHA ASSET MANAGEMENT S.A.
SERVICES
314
SOYA MILLS S.A.
FOOD PRODUCTS
315
GENEPHARM S.A.
316
Pre-Tax Income Change
19,438,594
Sector
Pre-Tax Income 2017
Turnover 2017
16,633,795
Company Name
Pre-Tax Income 2016
Turnover 2016
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover Change
DIAMONDS OF THE GREEK ECONOMY
10,829,849
12,037,392
11.15
2,967,410
3,643,014
22.77
209,123,165
219,891,985
5.15
1,358,029
3,617,340
166.37
PHARMACEUTICALS DETERGENTS
67,711,921
67,859,217
0.22
4,941,734
3,606,242
-27.03
UPFIELD HELLAS S.A.
FOOD PRODUCTS
39,755,576
56,009,237
40.88
2,300,055
3,593,529
56.24
328
ACHAIA CLAUSS ESTATE S.A.
SPIRITS
3,199,630
796,365
-75.11
6,138,196
3,585,510
-41.59
329
GEKE S.A.
HOTELS
9,151,562
10,076,717
10.11
2,748,606
3,570,897
29.92
330
THRACE NONWOVENS & GEOSYNTHETICS ΑΒΕΕ
ΚΛΩΣΤΟΥΦΑΝΤΟΥΡΓΙΑ
89,347,000
106,640,000
19.36
942,000
3,566,000
278.56
331
WONDERPLANT S.A.
AGRICULTURAL ENTERPRISES
16,588,476
17,672,833
6.54
2,883,595
3,536,887
22.66
332
UNITED MARINE AGENCIES ΝΑΥΤΙΛΙΑΚΗ Α.Ε.
TRANSPORT
6,423,884
8,180,277
27.34
1,639,157
3,522,651
114.91
333
SEKA BUNKERING STATIONS S.A.
PETROLEUM PRODUCTS
113,084,952
155,555,452
37.56
5,860,076
3,514,947
-40.02
334
BRETAS LTD
FOOD PRODUCTS
23,825,931
27,309,925
14.62
3,702,037
3,487,373
-5.80
335
AIOLIKI PANORAMATOS DERVENOCHORION S.A.
ENERGY
7,313,000
7,340,000
0.37
2,931,000
3,477,000
18.63
336
PIONEER HI-BRED HELLAS S.A.
MISCELLANEOUS PRODUCTS
337
MYRTEA S.A.
PETROLEUM PRODUCTS
338
ABBVIE S.A.
339 340
30,493,923
31,484,256
3.25
3,361,116
3,476,962
3.45
248,457,000
286,706,000
15.40
3,465,000
3,474,000
0.26
PHARMACEUTICAL PRODUCTS
65,444,976
56,976,967
-12.94
4,890,798
3,472,658
-29.00
BERSHKA HELLAS S.A.
CLOTHING
69,985,626
68,364,357
-2.32
4,612,932
3,463,832
-24.91
EUROBANK ASSET MANAGEMENT S.A.
MISCELLANEOUS SERVICES
8,756,804
9,034,241
3.17
1,412,024
3,459,779
145.02
341
DODONI S.A.
FOOD PRODUCTS
100,449,092
105,606,487
5.13
5,616,564
3,456,331
-38.46
342
Theodorou Automation SAICT
MACHINERY
14,187,115
16,193,789
14.14
2,620,580
3,446,309
31.51
343
ACHINOPODI S.A.
HOTELS
7,007,071
7,788,400
11.15
2,170,936
3,427,280
57.87
344
HONDOS ATINI S.A.
PHARMACEUTICALS COSMETICS
52,492,269
51,792,320
-1.33
3,646,349
3,420,696
-6.19
345
NOVO NORDISK HELLAS LTD
PHARMACEUTICALS
49,449,446
51,630,905
4.41
1,653,378
3,417,168
106.68
346
IOAKIMIDIS G. S.A.
CLOTHING - FOOTWEAR
17,758,044
19,507,056
9.85
3,606,716
3,411,157
-5.42
347
PRICELINE BOOKING.COM HELLAS LTD
MISCELLANEOUS SERVICES
7,410,928
8,101,977
9.33
2,694,782
3,411,046
26.58
348
AVIN OIL S.A.
PETROLEUM PRODUCTS
1,119,511,000
1,084,481,000
-3.13
3,156,000
3,395,000
7.57
349
ATLANTICA HELLAS S.A.
HOTELS
34,232,915
36,142,153
5.58
7,376,676
3,389,115
-54.06
350
SAMSUNG ELECTRONICS HELLAS S.A.
MOBILE TELEPHONY
211,061,000
212,731,000
0.79
4,151,000
3,385,000
-18.45
351
e-TRAVEL S.A.
TOURISM ENTERPISES
28,908,068
40,737,391
40.92
4,208,017
3,366,823
-19.99
352
YANNIS S.A.
FOOD PRODUCTS
12,848,503
15,221,071
18.47
1,900,754
3,359,817
76.76
353
MEDICAL DEVELOPMENT S.A.
MEDICAL DEVICES
618,766
707,762
14.38
-1,418,371
3,335,510
0.00
354
GATTEGNO, DANIEL S., & SON S.A.
FOOD PRODUCTS
25,511,875
29,363,055
15.10
3,202,793
3,329,066
3.94
355
KNAUF AQUAPANEL S.A.
NON MINERAL
14,208,451
16,668,150
17.31
1,543,758
3,322,924
115.25
356
THE MARGI S.A.
HOTELS
6,636,405
8,475,276
27.71
2,347,982
3,318,570
41.34
357
S. & E. & A. METAXA S.A.
BEVERAGES - SPIRITS
23,091,941
24,008,364
3.97
3,311,412
3,318,416
0.21
I 116 I
358 - 402
358
BAZAAR S.A.
SUPERMARKET
359
TUPPERWARE HELLAS S.A.
PLASTICS - RUBBER
360
DAKTYLIDI L. S.A.
HOTELS
361
PR. PAVLIDIS S.A.
362
Pre-Tax Income Change
Pre-Tax Income 2017
Pre-Tax Income 2016
Sector
Turnover Change
Company Name
Turnover 2017
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
DIAMONDS OF THE GREEK ECONOMY
154,911,235
162,628,045
4.98
2,747,995
3,312,349
20.54
38,369,388
38,365,553
-0.01
3,355,665
3,309,286
-1.38
4,787,929
10,449,615
118.25
-3,702,883
3,285,112
0.00
FOOD PRODUCTS
53,606,486
65,610,389
22.39
2,570,582
3,284,942
27.79
BOLTON HELLAS S.A.
PHARMACEUTICALS DETERGENTS
31,356,181
27,663,368
-11.78
5,089,252
3,281,064
-35.53
363
STERGIOU FAMILY S.A.
FOOD PRODUCTS
22,318,053
25,014,481
12.08
2,618,215
3,270,354
24.91
364
3M HELLAS SOLE SHAREHOLDER CO. LTD
MISCELLANEOUS PRODUCTS
36,718,505
35,705,237
-2.76
2,590,035
3,265,903
26.10
365
ASEA BROWN BOVERI S.A.
ELECTRICAL SUPPLIES
86,562,175
93,987,383
8.58
3,200,815
3,251,371
1.58
366
STERIMED S.A.
MISCELLANEOUS SERVICES
6,169,798
6,049,195
-1.96
3,599,263
3,248,712
-9.74
367
SEVEN STARS S.A.
HOTELS
16,518,131
19,472,156
17.88
2,234,633
3,237,220
44.87
368
ALUMINIUM THALASSINOS SA
MISCELLANEOUS PRODUCTS
21,905,631
22,176,936
1.24
2,661,276
3,220,449
21.01
369
INTRACOM DEFENSE ELECTRONICS S.A.
ELECTRICAL SUPPLIES
57,437,217
65,856,157
14.66
1,598,913
3,205,824
100.50
370
MAVROGENIS ANASTASIOS S.A.
MEDICAL DEVICES
86,942,850
86,834,311
-0.13
11,539,378
3,197,456
-72.29
371
METRON - ENERGY APPLICATIONS S.A.
ELECTRICAL SUPPLIES
42,020,504
26,486,284
-36.97
1,888,309
3,195,432
69.22
372
MONDELEZ HELLAS S.A.
FOOD PRODUCTS
128,357,712
124,722,530
-2.83
2,712,000
3,185,626
17.46
373
MELLON TECHNOLOGIES S.A.
OFFICE DEVICES
61,954,404
81,015,418
30.77
2,292,538
3,180,858
38.75
374
TEKAL S.A.
-
53,864,286
31,865,612
-40.84
23,613,140
3,179,387
-86.54
375
RAFARM S.A.
PHARMACEUTICAL PRODUCTS
43,941,922
60,792,489
38.35
1,536,282
3,176,623
106.77
376
PORTES MELATHRON S.A.
HOTELS
13,087,001
14,232,504
8.75
2,137,629
3,152,388
47.47
377
TECHNIKES EFARMOGES S.A.
-
7,065,026
9,955,403
40.91
3,131,030
3,148,465
0.56
378
EXTRACO S.A.
CHEMICALS - PAINTS
19,115,691
16,706,332
-12.60
3,798,357
3,135,616
-17.45
379
STELIOS KANAKIS S.A.
FOOD PRODUCTS
18,577,038
19,742,557
6.27
2,985,385
3,129,002
4.81
380
STARTLINE S.A.
SHOES
7,351,920
12,235,165
66.42
1,266,058
3,124,353
146.78
381
SARKK S.A.
CLOTHING - FOOTWEAR
27,332,097
30,021,072
9.84
3,214,056
3,122,432
-2.85
382
VITAFARM - PHARMACEUTICAL CENTRE S.A.
PHARMACEUTICALS COSMETICS
140,109,706
137,227,310
-2.06
4,109,710
3,100,830
-24.55
383
NORTHERN GREECE CERAMICS S.A.
NON MINERAL
22,777,567
24,005,446
5.39
2,124,610
3,092,764
45.57
384
JOHNSON & JOHNSON HELLAS S.A.
PHARMACEUTICALS DETERGENTS
103,770,522
103,447,190
-0.31
7,378,764
3,091,714
-58.10
385
OLYMPIA ELECTRONICS S.A.
ELECTRICAL APPLIANCES
15,667,745
16,936,810
8.10
2,868,129
3,069,468
7.02
386
REXEKA S.A.
HOTELS
9,753,975
10,830,628
11.04
2,250,380
3,041,058
35.14
387
MYSERVICES SECURITY & FACILITY S.A.
MISCELLANEOUS PRODUCTS
17,792,403
19,298,279
8.46
1,868,104
3,029,926
62.19
388
A. HATZOPOULOS S.A.
PACKAGING
67,351,062
68,912,340
2.32
3,070,173
3,027,459
-1.39
389
KOTOPOULA ANEZAS S.A.
FOOD PRODUCTS
14,514,424
13,634,108
-6.07
-1,552,085
3,013,276
0.00
390
ELTON INTERNATIONAL TRADING CO. S.A.
CHEMICALS - PAINTS
74,200,098
79,252,711
6.81
2,379,054
3,008,250
26.45
391
GOLDAIR CARGO S.A.
TRANSPORT COMPANIES
43,766,985
46,152,959
5.45
1,942,263
3,005,490
54.74
392
AIOLIKI PANACHAIKOU S.A.
ENERGY
7,587,162
10,201,304
34.46
3,792,963
2,994,364
-21.06
393
AKMI EDUCATIONAL COMPANY S.A.
SERVICES
22,578,481
22,691,382
0.50
2,427,090
2,983,064
22.91
394
ELLINIKI AIOLIKI S.A.
ENERGY
7,613,045
7,386,339
-2.98
2,993,141
2,978,274
-0.50
395
TEU S.A.
TRANSPORT
27,363,262
36,964,292
35.09
1,472,811
2,964,885
101.31
396
PAPAFILIS MILLS S.A.
FOOD PRODUCTS
38,571,129
36,523,781
-5.31
4,569,837
2,942,981
-35.60
397
ANASTASSOPOULOS, VAS., S.A.
FOOD PRODUCTS
25,072,429
20,423,083
-18.54
2,046,859
2,937,408
43.51
398
VEPAL S.A.
METALLIC PRODUCTS
24,730,466
25,288,648
2.26
3,299,936
2,936,134
-11.03
399
LOUX MARLAFEKAS S.A.
BEVERAGES - SPIRITS
31,756,659
33,241,947
4.68
2,738,117
2,935,614
7.21
400
SAFCO S.A.
TRANSPORT
6,285,661
6,819,281
8.49
2,629,184
2,930,822
11.47
401
DIMITROKALIS K. S.A.
HOTELS
5,952,916
6,319,306
6.16
2,458,707
2,923,179
18.89
402
NIKOS GLEOUDIS KAVEX S.A.
TOBACCO PRODUCTS
23,921,044
32,939,735
37.70
2,882,880
2,916,234
1.16
I 118 I
I 119 I
188,605,351 4,723,896
FOOD PRODUCTS
MED FRIGO G. POULIAS - S. BRAKATSELOS S.A.
408
403 - 449
403
VENETIS S.A.
FOOD PRODUCTS
404
MEDIA SATURN HELLAS S.A.
ELECTRICAL APPLIANCES
405
INTERCONTINENTAL INTERNATIONAL Α.Ε.Ε.Α.Π.
MISCELLANEOUS SERVICES
406
PAPAYIANNIS BROS GREEK HALVA PRODUCERS S.A.
407
14.25
3,463,000
187,330,408
-0.68
-4,225,670
2,907,944
0.00
5,755,033
21.83
6,007,737
2,897,904
-51.76
18,498,294
19,717,796
6.59
2,633,966
2,896,899
9.98
TRANSPORT COMPANIES
23,273,906
24,329,022
4.53
1,588,570
2,892,999
82.11
G.B. GEORGAKOPOULOS S.A.
TRANSPORTATION MEANS & SPARE PARTS
18,074,943
19,462,135
7.68
2,746,719
2,874,263
4.64
409
HOTOS S.A.
FOOD PRODUCTS
19,967,450
21,836,436
9.36
2,470,548
2,861,011
15.81
410
DIL FASHION GROUP S.A.
CLOTHING - FOOTWEAR
11,706,672
12,397,221
5.90
1,977,974
2,851,653
44.17
411
MAROULI BROS S.A.
TOURISM ENTERPISES
7,515,983
7,949,134
5.76
1,862,372
2,838,186
52.40
412
ΚΑΝΑVΑ S.A.
HOTELS
7,921,447
9,606,159
21.27
1,681,421
2,832,020
68.43
413
ZEUS S.A.
HOTELS
6,773,859
8,356,789
23.37
2,363,593
2,823,890
19.47
414
ELLINIKO KENTRIKO APOTHETIRIO TITLON S.A.
MISCELLANEOUS SERVICES
11,023,000
10,989,000
-0.31
1,913,000
2,806,000
46.68
415
TORRE E. GLATZOUNIS S.A.
FOOD PRODUCTS
22,796,965
22,587,061
-0.92
3,497,151
2,804,145
-19.82
416
ΚΤΕΟ HELLAS S.A.
MISCELLANEOUS SERVICES
7,296,123
8,180,833
12.13
2,622,352
2,790,388
6.41
417
ENERGEIAKI SERVOUNIOU S.A.
ENERGY
5,287,000
4,642,000
-12.20
3,186,000
2,790,000
-12.43
418
CAVO TAGOO - AKTES AIGAIOU
HOTELS
9,509,867
11,365,594
19.51
1,164,757
2,774,907
138.24
419
BIOS AGROSYSTEMS S.A.
AGRICULTURAL ENTERPRISES
3,742,433
6,051,774
61.71
-111,428
2,763,507
0.00
420
PETROS PETROPOULOS S.A.
MACHINERY
93,101,000
73,063,000
-21.52
2,636,000
2,760,000
4.70
421
OYSHO HELLAS S.A.
CLOTHING - FOOTWEAR
22,831,273
22,120,046
-3.12
2,377,459
2,758,190
16.01
422
KALTEQ MEDICAL S.A.
MEDICAL DEVICES
5,513,607
6,770,621
22.80
1,845,988
2,753,823
49.18
423
PERSEUS SPECIALTY FOOD PRODUCTS S.A.
FOOD PRODUCTS
47,457,519
44,862,125
-5.47
903,343
2,753,596
204.82
424
ROUPAS Α. HERACLES LTD
FOOD PRODUCTS
15,732,024
12,908,065
-17.95
2,527,707
2,747,157
8.68
425
MICHOPOULOS Α. S.A.
CLOTHING
18,274,492
23,820,206
30.35
812,271
2,732,733
236.43
426
LARIPLAST - TSEREPA BROS S.A.
PLASTICS - RUBBER
18,796,556
18,811,870
0.08
2,556,467
2,725,018
6.59
427
KPMG CONSULTANTS S.A.
MISCELLANEOUS SERVICES
15,951,332
14,972,374
-6.14
4,158,611
2,711,967
-34.79
428
POWER HEALTH HELLAS S.A.
SUPPLEMENTS
12,664,006
12,527,083
-1.08
2,542,736
2,700,692
6.21
429
SKLAVOS S.A.
OFFICE DEVICES
19,364,407
20,312,745
4.90
927,053
2,699,226
191.16
430
JOHNSON & JOHNSON CONSUMER S.A.
PHARMACEUTICAL PRODUCTS
49,372,317
52,317,435
5.97
1,417,525
2,692,821
89.97
431
YOTOUN HELLAS LTD
MARINE PRODUCTS
3,527,575
37,762,262
970.49
1,104,654
2,690,331
143.55
432
ADIDAS HELLAS S.A.
CLOTHING - FOOTWEAR
88,427,372
103,463,916
17.00
2,302,718
2,687,363
16.70
433
PRICEWATERHOUSECOOPERS S.A.
SERVICES
36,218,282
33,838,130
-6.57
2,191,925
2,677,193
22.14
434
HEMPEL COATINGS (HELLAS) S.A.
CHEMICALS - PAINTS
29,238,932
31,048,439
6.19
4,184,842
2,677,105
-36.03
435
KLEFER S.A.
METAL PRODUCTS
16,322,000
19,432,000
19.05
1,692,000
2,674,000
58.04
436
THEON SENSORS S.A.
MISCELANEOUS PRODUCTS
19,865,915
22,123,499
11.36
2,316,942
2,670,343
15.25
437
THRACE PLASTICS PACK S.A.
PLASTICS - RUBBER
46,140,392
48,286,056
4.65
3,710,723
2,664,642
-28.19
438
XEROX HELLAS S.A.
OFFICE DEVICES
28,129,991
28,019,436
-0.39
3,692,221
2,658,282
-28.00
439
NEOKEM S.A.
CHEMICAL PRODUCTS
15,765,012
17,402,034
10.38
2,971,289
2,656,232
-10.60
440
ASTRON CHEMICALS S.A.
CHEMICALS - PAINTS
36,368,918
37,418,982
2.89
2,329,273
2,654,614
13.97
441
EXPRESS PUBLISHING S.A.
PUBLICATIONS - PRINTING
25,677,824
24,123,351
-6.05
3,689,723
2,649,874
-28.18
442
GAVRIEL DEM. & CO. LTD
CHEMICAL PRODUCTS
29,699,950
23,281,357
-21.61
3,679,736
2,628,649
-28.56
443
KEFALONIA FISHERIES S.A.
AQUACULTURE
27,909,065
30,828,579
10.46
2,385,726
2,620,590
9.85
444
AXON ENGINEERING S.A.
METAL PRODUCTS
1,678,444
7,178,735
327.70
708,268
2,613,500
269.00
445
PANIONIOS F.C.
FC
3,566,707
4,796,080
34.47
1,187,804
2,604,751
119.29
446
NIKA S.A.
HOTELS
10,948,548
11,707,653
6.93
2,081,861
2,599,760
24.88
447
MAKIOS S.A.
TRANSPORT COMPANIES
30,123,236
31,492,688
4.55
3,062,415
2,586,391
-15.54
448
DIAKOMICHALIS S.A.
HOTELS
7,547,737
8,169,331
8.24
2,843,185
2,585,079
-9.08
449
PAPADOPOULOS Ι.S.A.
FURNITURE - RUGS - LIGHTING
8,880,471
8,606,876
-3.08
2,317,420
2,584,616
11.53
I 120 I
2,916,000
Pre-Tax Income Change
36,416,000
Sector
Pre-Tax Income 2017
Turnover 2017
31,873,000
Company Name
Pre-Tax Income 2016
Turnover 2016
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover Change
DIAMONDS OF THE GREEK ECONOMY
-15.80
I 121 I
-1.98
2,616,359
2,575,138
-1.58
METALLURGY
6,121,879
9,718,716
58.75
2,224,366
2,572,104
15.63
ATLANTICA PORTO BELLO S.A.
HOTELS
7,837,939
9,103,418
16.15
759,444
2,566,612
237.96
453
SAP HELLAS S.A.
IT
34,154,316
39,990,467
17.09
2,473,725
2,562,014
3.57
454
MAGIRAS DEVICES S.A.
MEDICAL DEVICES
10,664,582
10,751,320
0.81
2,153,681
2,560,889
18.91
455
HGI S.A.
NON MINERAL
46,195,000
2,570,000
-94.44
4,424,000
2,559,000
-42.16
456
C.P.W. HELLAS S.A.
FOOD PRODUCTS
33,914,921
33,230,829
-2.02
3,347,164
2,550,409
-23.80
457
AKMI METROPOLITAN COLLEGE CENTER S.A.
MISCELLANEOUS SERVICES
16,231,852
19,215,848
18.38
1,560,927
2,549,622
63.34
458
SKROUTZ S.A.
MISCELLANEOUS SERVICES
7,472,116
10,344,984
38.45
764,458
2,549,424
233.49
459
FLORIDIS S.A.
FOOD PRODUCTS
84,869,826
82,381,288
-2.93
3,179,110
2,540,304
-20.09
460
ATRI HELLAS
TOURISM ENTERPRISES
6,804,455
6,766,248
-0.56
2,691,147
2,537,048
-5.73
461
MARBELLA S.A.
HOTELS
12,870,737
14,128,863
9.78
1,809,582
2,529,960
39.81
462
AMOIRIDIS - SAVVIDIS S.A.
SANITATION - AIR CONDITIONING
28,873,975
25,785,303
-10.70
1,493,250
2,524,892
69.09
463
STEREA KAFSIMA (SOLID FUELS) S.A.
CHEMICAL PRODUCTS
7,440,214
8,767,753
17.84
1,719,025
2,523,456
46.80
464
NIKANDROS KTIMATIKI S.A.
REAL ESTATE
2,134,030
1,656,371
-22.38
-937,702
2,519,731
0.00
465
ATHENS PUBLIC TRANSPORTATION COMPANY S.A.
-
4,460,898
4,128,391
-7.45
685,040
2,510,495
266.47
466
GEROLYMATOS INTERNATIONAL S.A.
PHARMACEUTICALS DETERGENTS
27,534,000
29,636,000
7.63
1,818,000
2,502,000
37.62
467
ERNOS S.A.
-
468
SYN.KA CRETE LTD
SUPERMARKET
469
LEGRAND S.A.
470 471
450 - 494
450
ZARA HOME HELLAS S.A.
FURNITURE - RUGS - LIGHTING
451
ALUFONT S.A.
452
Pre-Tax Income Change
18,001,604
Sector
Pre-Tax Income 2017
Turnover 2017
18,365,461
Company Name
Pre-Tax Income 2016
Turnover 2016
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover Change
DIAMONDS OF THE GREEK ECONOMY
1,260,000
1,260,000
0.00
893,339
2,494,388
179.22
172,404,265
175,731,821
1.93
2,008,809
2,482,191
23.57
ELECTRICAL SUPPLIES
19,920,248
21,488,047
7.87
1,765,800
2,479,649
40.43
CENTRAL MARKET & FISHERY ORGANIZATIONS (CMFO SA)
MISCELLANEOUS
13,465,114
13,878,857
3.07
1,496,128
2,464,009
64.69
MARE NOSTROUM S.A.
HOTELS
7,212,800
8,167,294
13.23
1,956,184
2,451,035
25.30
472
TSABASIS S.A.
FOOD PRODUCTS
11,319,681
11,647,362
2.90
2,490,604
2,449,671
-1.64
473
MEDICARE HELLAS S.A.
MEDICAL DEVICES
11,683,180
21,998,190
88.29
2,116,324
2,447,539
15.65
474
MARMOR SG “STONE GROUP INTERNATIONAL” S.A,
NON MINERAL
32,894,687
31,398,122
-4.55
3,620,583
2,439,309
-32.63
475
AIOLIKI RACHOULAS DERVENOCHORION S.A.
ENERGY
7,808,000
7,267,000
-6.93
2,408,000
2,434,000
1.08
476
MICROSOFT HELLAS S.A.
INFORMATION TECHNOLOGY
31,904,580
33,822,745
6.01
3,586,031
2,430,338
-32.23
477
ATTICA TOLLS S.A.
MISCELLANEOUS SERVICES
2,230,400
2,400,000
7.60
830,875
2,405,979
189.57
478
ATHENS STOCK EXCHANGE S.A.
STOCK EXCHANGE
14,036,000
14,024,000
-0.09
5,293,000
2,400,000
-54.66
479
DICHEM CHEMICALS S.A.
CHEMICAL PRODUCTS
17,423,306
15,264,665
-12.39
3,111,246
2,399,555
-22.88
480
ONE OUTLET S.A.
REAL ESTATE
5,765,527
6,345,785
10.06
1,951,090
2,394,781
22.74
481
ΤΕΑΒ S.A. (MARIS HOTELS)
HOTELS
19,290,628
21,596,081
11.95
537,827
2,393,910
345.11
482
EUROIATRIKI PIRAEUS - AFFIDEA
MEDICAL SERVICES
1,237,324
5,771,672
366.46
421,513
2,393,367
467.80
483
ZANCOU SHOES S.A.
SHOES
23,286,151
23,045,264
-1.03
3,234,092
2,393,012
-26.01
484
ZACKRET S.A.
APPAREL
16,245,677
17,986,938
10.72
2,532,352
2,383,729
-5.87
485
EPIRUS S.A.
FOOD PRODUCTS
40,253,781
40,602,731
0.87
2,777,519
2,368,986
-14.71
486
FURUNO HELLAS S.A.
MACHINERY
8,053,741
16,438,226
104.11
-865,307
2,367,421
0.00
487
HELLENIC LLOYD ‘S S.A.
MISCELANNEOUS SERVICES
14,953,010
15,110,293
1.05
-303,874
2,363,322
0.00
488
UNILEVER-KNORR S.A.
PHARMACEUTICALS DETERGENTS
42,500,206
53,152,036
25.06
1,473,949
2,349,851
59.43
489
WATT & VOLT S.A.
ENERGY
40,880,785
103,815,516
153.95
1,166,376
2,347,491
101.26
490
PROVIROM LTD
CHEMICAL PRODUCTS
11,726,290
11,996,640
2.31
2,297,880
2,345,702
2.08
491
MARINE TOURS S.A.
TOURISM ENTERPISES
14,559,946
13,987,140
-3.93
2,089,847
2,340,325
11.99
492
HELIOAKMI S.A.
ELECTRICAL APPLIANCES
5,939,057
7,739,396
30.31
1,025,181
2,337,513
128.01
493
BEINOGLOU ORPHEE S.A.
TRANSPORT
60,413,167
63,751,781
5.53
1,342,304
2,336,001
74.03
494
AGROHELLAS S.A.
FOOD PRODUCTS
33,619,762
37,167,916
10.55
1,235,216
2,316,164
87.51
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I 123 I
ELECTRA HOTELS S.A.
HOTELS
496
BMW HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
497
INTERMED PHARMACEUTICAL LABORATORIES, TSETI I. & ΕIR. S.A.
498
495
495 - 535
Pre-Tax Income Change
Pre-Tax Income 2017
Pre-Tax Income 2016
Sector
Turnover Change
Company Name
Turnover 2017
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
DIAMONDS OF THE GREEK ECONOMY
6,090,716
7,698,715
26.40
1,048,605
2,316,062
120.87
142,494,282
127,796,463
-10.32
4,734,120
2,313,050
-51.14
PHARMACEUTICALS DETERGENTS
20,452,338
22,848,302
11.72
2,519,869
2,311,481
-8.27
MINERVA S.A. EDIBLE OILS ENTERPRISES
FOOD PRODUCTS
71,369,874
64,029,271
-10.29
-1,266,531
2,310,093
0.00
499
DIGEA S.A.
TELECOMMUNICATIONS
15,834,161
16,491,028
4.15
621,604
2,306,897
271.12
500
NORMA HELLAS S.A.
PHARMACEUTICALS DETERGENTS
9,757,250
9,366,615
-4.00
1,467,798
2,305,901
57.10
501
INTROFEX LTD.
FOOD PRODUCTS
12,876,882
14,279,491
10.89
2,373,404
2,304,804
-2.89
502
MEDICON HELLAS S.A.
MEDICAL DEVICES
13,010,033
12,704,418
-2.35
1,480,166
2,300,814
55.44
503
PRESIDENTIAL S.A.
HOTELS
8,517,775
9,547,076
12.08
1,196,294
2,290,955
91.50
504
KAPA-SIGMA COTTON MILLS S.A.
TEXTILES
35,325,676
60,867,242
72.30
1,505,239
2,287,377
51.96
505
KALAVRITA COOP
FOOD PRODUCTS
22,521,367
26,257,360
16.59
1,655,528
2,285,431
38.05
506
SOFT ONE TECHNOLOGIES S.A.
IT
6,071,318
7,059,491
16.28
780,865
2,261,039
189.56
507
INTERSPORT ATHLETICS S.A.
CLOTHING - FOOTWEAR
90,828,000
101,136,000
11.35
5,259,000
2,259,000
-57.05
508
AQUA VET S.A.
PHARMACEUTICALS DETERGENTS
5,471,637
6,732,353
23.04
1,455,346
2,257,703
55.13
509
LINEA S.A.
APPAREL
9,116,679
9,584,688
5.13
1,517,540
2,251,265
48.35
510
KOTRONIS PLASTICS S.A.
PLASTICS - RUBBER
15,386,960
15,943,231
3.62
2,500,047
2,250,837
-9.97
511
DIVANI ACROPOLIS S.A.
HOTELS
7,811,619
8,292,843
6.16
1,444,098
2,246,152
55.54
512
PALAPLAST S.A.
PLASTICS - RUBBER
25,730,098
27,332,934
6.23
2,861,992
2,244,469
-21.58
513
BRINKS HERMES S.A.
MISCELLANEOUS
14,373,415
16,705,529
16.23
1,150,207
2,231,805
94.04
514
KOUKAKIS FARM S.A.
FOOD PRODUCTS
24,000,074
25,873,689
7.81
2,368,463
2,223,751
-6.11
515
I. & F. KONTARATOU S.A.
SUPERMARKET
23,838,107
27,505,544
15.39
1,072,995
2,223,374
107.21
516
IOANNIDIS TH. S.A.
METALLIC PRODUCTS
20,975,095
27,364,297
30.46
2,091,759
2,223,032
6.28
517
PRIVATSEA MARINE SERVICES S.A.
TRANSPORTATION MEANS
2,253,518
3,839,588
70.38
1,140,915
2,218,930
94.49
518
ALPHA TRUST S.A.
INVESTMENT FIRMS
4,734,025
7,597,488
60.49
462,935
2,216,419
378.78
519
PULL AND BEAR S.A.
CLOTHING - FOOTWEAR
48,583,809
47,539,370
-2.15
3,055,292
2,212,339
-27.59
520
MASSIMO DUTTI HELLAS S.A.
CLOTHING - FOOTWEAR
29,410,414
32,553,824
10.69
2,679,498
2,210,981
-17.49
521
GILEAD SCIENCES HELLAS SOLE SHAREHOLDER CO. LTD
PHARMACEUTICALS COSMETICS
63,065,615
57,477,756
-8.86
2,957,585
2,210,504
-25.26
522
VAP P. KOUGIOS S.A.
BEVERAGES
15,887,532
18,575,870
16.92
2,195,580
2,209,887
0.65
523
EUROCATERING S.A.
FOOD PRODUCTS
25,415,793
28,887,577
13.66
2,158,348
2,207,939
2.30
524
MERCURY CORPORATION S.A.
CLOTHING - FOOTWEAR
18,317,575
20,143,740
9.97
2,074,886
2,207,911
6.41
525
VIACAR S.A.
TRANSPORTATION MEANS & SPARE PARTS
25,601,523
27,934,303
9.11
2,297,363
2,205,257
-4.01
526
SOSIMEX S.A.
HOTELS
11,643,736
12,186,715
4.66
2,384,748
2,204,509
-7.56
527
GOODYEAR DUNLOP HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
36,803,422
36,391,667
-1.12
356,920
2,190,653
513.77
528
RF ENERGY S.A.
ENERGY
5,431,000
5,898,000
8.60
1,711,000
2,187,000
27.82
529
IONIAN HOLDINGS S.A.
HOLDING COMPANIES
4,053,802
2,352,507
-41.97
3,971,349
2,181,319
-45.07
530
ALPHA TRUST - ANDROMEDA S.A.
MISCELLANEOUS SERVICES
1,203,254
3,179,588
164.25
764,114
2,181,142
185.45
531
KONKAT S.A.
CONSTRUCTION COMPANIES
17,932,602
19,966,388
11.34
5,263,708
2,172,512
-58.73
532
ALD AUTOMOTIVE S.A.
CAR RENTAL
15,369,038
15,514,828
0.95
1,906,000
2,163,169
13.49
533
ERNST & YOUNG (HELLAS) CERTIFIED AUDITORS ACCOUNTANTS S.A.
FINANCIAL SERVICES
25,914,323
22,429,208
-13.45
2,244,327
2,159,894
-3.76
534
TERNA ENERGEIAKI EVROU S.A.
ENERGY
7,149,000
6,736,000
-5.78
4,506,000
2,151,000
-52.26
535
ENVIRONMENTAL ENGINEERING S.A.
MISCELLANEOUS PRODUCTS
7,438,346
7,659,372
2.97
190,519
2,148,678
1027.80
I 124 I
EXCLUSIVE DISTRIBUTOR GREECE - CYPRUS STARTLINE S.A | 23RD KLM N.R ATHENS-LAMIA 14568, KRIONERI | TEL: + 30 210-8160100
I 125 I
536 - 579
Pre-Tax Income Change
Pre-Tax Income 2017
Pre-Tax Income 2016
Sector
Turnover Change
Company Name
Turnover 2017
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
DIAMONDS OF THE GREEK ECONOMY
536
LIAKAKOS S.A.
SANITATION - AIR CONDITIONING
8,548,535
11,367,031
32.97
1,060,735
2,148,649
102.56
537
ARI S.S.
FOOD PRODUCTS
27,164,756
29,465,074
8.47
2,042,168
2,137,002
4.64
538
MOBILE TELECOMMUNICATION CENTER S.A.
MOBILE TELEPHONY
304,785,051
287,190,376
-5.77
1,530,615
2,128,181
39.04
539
FIBROTERMICA HELLAS S.A.
PLASTICS - RUBBER
540
CRETA FARM S.A.
FOOD PRODUCTS
541
AEROSERVICES S.A
TRANSPORTATION MEANS & SPARE PARTS
542
SOFITEL ATHENS AIRPORT HOTEL S.A.
HOTELS
543
SAKELLARIS P. & CO. S.A.
CLOTHING - FOOTWEAR
544
GROUP4 SECURICOR HELLAS S.A.
MISCELLANEOUS SERVICES
545
ANEDIK KRITIKOS S.A.
SUPERMARKET
546
GIANNIKAKIS S. S.A.
HOTELS
547
PHARMASERVICE S.A.
548
7,670,556
2,535,849
-66.94
-383,889
2,119,834
0.00
97,747,000
107,590,000
10.07
-5,219,000
2,116,000
0.00
6,992,317
7,913,668
13.18
1,717,966
2,104,193
22.48
17,059,977
19,009,289
11.43
975,543
2,100,003
115.27
7,549,685
8,619,396
14.17
1,653,319
2,099,692
27.00
2,917,910
2,947,208
1.00
1,417,264
2,096,790
47.95
179,620,231
217,308,466
20.98
1,863,673
2,094,415
12.38
9,431,448
11,196,797
18.72
1,113,605
2,091,668
87.83
PHARMACEUTICALS COSMETICS
134,213,956
139,611,465
4.02
2,219,966
2,085,136
-6.07
THRACE PLASTICS S.A.
PLASTICS - RUBBER
14,332,000
8,025,000
-44.01
311,000
2,078,000
568.17
549
KARAGIORGOU N. BROS S.A.
TEXTILES
73,548,177
93,068,999
26.54
2,607,132
2,074,232
-20.44
550
LA MARQUISE S.A.
HOTELS
12,226,480
13,362,251
9.29
947,109
2,072,703
118.85
551
MEDTRONIC HELLAS S.A.
SCIENTIFIC & MEDICAL DEVICES
49,064,395
50,416,697
2.76
1,476,573
2,070,764
40.24
552
ATHENS METROPOLITAN EXPO S.A.
MISCELLANEOUS SERVICES
7,818,036
7,551,012
-3.42
1,511,041
2,069,549
36.96
553
BIKAS S.A.
FOOD PRODUCTS
20,127,437
29,954,747
48.83
389,926
2,061,480
428.69
554
VIOYGEIA Μ. LTD
FOOD PRODUCTS
10,214,698
11,073,036
8.40
1,925,404
2,061,119
7.05
555
LERIVAL DIAGNOSTICS S.A.
MEDICAL DEVICES
9,351,169
9,449,317
1.05
2,093,263
2,060,469
-1.57
556
GKORGKOLIS S.A.
TRANSPORTATION MEANS & SPARE PARTS
21,761,206
20,961,248
-3.68
2,439,132
2,060,148
-15.54
557
GOLDAIR GOLEMIS S.A.
TOURISM ENTERPRISES
2,100,891
2,486,337
18.35
1,049,155
2,059,880
96.34
558
MEGA ELECTRICS S.A.
MISCELLANEOUS PRODUCTS
62,362,949
64,852,307
3.99
2,020,191
2,057,864
1.87
559
OMIKRON KAPPA CONSULTING S.A.
CONSTRUCTION COMPANIES
13,197,571
7,707,123
-41.60
1,772,234
2,053,753
15.89
560
THASSOS FERRIES S.A.
TRANSPORT
5,758,390
5,768,999
0.18
1,496,503
2,050,574
37.02
561
EPENDYTIKI PALLINIS S.A.
MISCELLANEOUS SERVICES
4,188,168
1,602,773
-61.73
25,835
2,041,740
7803.00
562
INTERTRADE HELLAS S.A.
AGRICULTURAL ENTERPRISES
63,851,490
64,527,719
1.06
1,644,876
2,030,909
23.47
563
SEFCO ZEELANDIA S.A.
FOOD PRODUCTS
16,660,079
17,851,743
7.15
2,489,014
2,025,815
-18.61
564
ADAMAKOU BROS S.A. (NAVY & GREEN)
APPAREL
13,349,380
14,304,268
7.15
1,656,697
2,022,848
22.10
565
PAPERPACK – TSOUKARIDIS S.A.
PAPER
15,247,340
15,691,910
2.92
1,931,460
2,015,800
4.37
566
PASSARELLA S.A. (MICHALISTIANOS SP. BROS)
FOOD PRODUCTS
8,717,140
9,036,765
3.67
1,600,043
2,014,568
25.91
567
TSAKIRIS MALLAS S.A.
SHOES
25,630,693
25,637,462
0.03
1,249,991
2,012,293
60.99
568
KAPACHEM S.A.
CHEMICAL PRODUCTS
25,267,274
29,297,164
15.95
1,107,045
2,011,174
81.67
569
BRUNI SANDRO DISTRIBUTION S.A.
APPAREL
12,323,872
12,071,760
-2.05
1,832,571
2,010,849
9.73
570
ISQuare S.A.
MISCELLANEOUS PRODUCTS
75,881,363
84,087,504
10.81
1,682,000
2,002,464
19.05
571
DRAMA GREENHOUSES S.A.
AGRICULTURAL ENTERPRISES
8,378,052
9,090,347
8.50
943,416
1,989,607
110.89
572
ROUSALI BROS S.A.
BEVERAGES - SPIRITS
4,549,981
6,283,832
38.11
1,261,508
1,985,582
57.40
573
PROCTER & GAMBLE LTD
PHARMACEUTICALS COSMETICS
243,267,775
222,978,583
-8.34
9,179,922
1,980,018
-78.43
574
MEGA SPRINT GUARD S.A.
SERVICES
19,051,153
21,485,075
12.78
1,754,303
1,966,695
12.11
575
HERON ΙΙ THERMOELECTRIC STATION OF VIOTIA S.A.
ENERGY
96,225,000
100,065,000
3.99
997,000
1,958,000
96.39
576
WATT S.A.
MISCELLANEOUS PRODUCTS
12,924,930
10,777,242
-16.62
1,177,143
1,956,536
66.21
577
ZIKO S.A.
CHEMICAL PRODUCTS
19,839,449
17,609,138
-11.24
2,412,912
1,956,091
-18.93
578
UNIFY S.A.
ELECTRICAL SUPPLIES
14,834,513
12,408,296
-16.36
1,143,386
1,943,588
69.99
579
VIOLANTA S.A.
FOOD PRODUCTS
9,065,433
12,222,211
34.82
1,595,110
1,938,032
21.50
I 126 I
Panhellenic Distribution Coverage Having established a strong distribution channel consisted of 10 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.
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
lelosgroup.gr
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.
BioPharm I 127 I
580 - 622
Pre-Tax Income Change
Pre-Tax Income 2017
Pre-Tax Income 2016
Sector
Turnover Change
Company Name
Turnover 2017
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
DIAMONDS OF THE GREEK ECONOMY
580
SYN INNOVATION LAB S.A.
PHARMACEUTICALS DETERGENTS
9,640,470
10,262,543
6.45
3,048,559
1,935,430
-36.51
581
KONTOKALI BAY RESORT AND SPA S.A.
HOTELS
8,302,391
8,594,100
3.51
1,772,866
1,928,344
8.77
582
MACEDONIA-THRACE BREWERY S.A.
BEVERAGES - SPIRITS
19,373,761
20,534,345
5.99
2,403,617
1,926,175
-19.86
583
LEFKOSIDIROURGIA KAVALAS S.A.
METAL PRODUCTS
14,840,741
14,675,088
-1.12
2,459,056
1,923,108
-21.80
584
BALLIAN TECHNIKI S.A.
-
11,342,025
25,626,190
125.94
830,804
1,917,126
130.76
585
STRADIVARIUS HELLAS S.A.
CLOTHING - FOOTWEAR
47,353,789
48,798,230
3.05
1,890,179
1,915,080
1.32
586
MYCONIAN VILLAS - OKEANIDA S.A.
HOTELS
9,623,677
11,606,270
20.60
917,268
1,915,049
108.78
587
GYALOU S.A.
REAL ESTATE
6,306,989
5,965,225
-5.42
4,937,329
1,913,542
-61.24
588
EDIL HELLAS S.A.
-
22,458,078
29,059,213
29.39
1,598,676
1,903,977
19.10
589
OFC AVIATION FUEL SERVICES SA
SERVICES
9,239,139
9,674,429
4.71
1,905,148
1,898,838
-0.33
590
PORTO PLATANIAS S.A.
HOTELS
10,471,033
11,189,914
6.87
1,380,964
1,894,980
37.22
591
LYKOMITROS STEEL S.A.
AGRICULTURAL ENTERPRISES
8,456,634
13,641,274
61.31
618,635
1,882,580
204.31
592
DIMOPOULOS S.A.
CONSTRUCTION COMPANIES
17,792,700
11,226,249
-36.91
2,177,227
1,881,574
-13.58
593
ATLANTA S.A.
FOOD PRODUCTS
39,028,012
38,653,425
-0.96
1,337,490
1,880,585
40.61
594
MOBIAK S.A.
CHEMICAL PRODUCTS
21,992,281
24,054,037
9.38
1,643,511
1,870,289
13.80
595
MANTOULIDI Ε. S.A.
MISCELLANEOUS SERVICES
7,242,114
7,734,284
6.80
1,707,540
1,870,188
9.53
596
VIOSER S.A.
PHARMACEUTICALS DETERGENTS
29,581,073
30,311,925
2.47
1,350,527
1,867,246
38.26
597
DIVANI HOTELS S.A.
HOTELS
2,092,287
2,434,064
16.34
1,286,090
1,863,376
44.89
598
ETANAP S.A.
BEVERAGES - SPIRITS
9,270,073
9,685,182
4.48
1,869,536
1,862,831
-0.36
599
RHODOS HOTELS GEORGIOS V. KARAGIANNIS S.A. (GEO HOTELS) HOTELS
7,194,722
8,569,563
19.11
422,764
1,861,887
340.41
600
ERGODYNAMIKI PATRON S.A.
-
13,545,177
9,285,514
-31.45
931,206
1,860,397
99.78
601
THEOXENIA PALACE S.A.
HOTELS
5,086,292
5,266,599
3.55
1,531,951
1,859,063
21.35
602
ANFARM HELLAS S.A.
PHARMACEUTICALS DETERGENTS
16,832,998
19,254,314
14.38
1,813,984
1,855,412
2.28
603
D. & J. DAMKALIDIS S.A.
ELECTRICAL SUPPLIES
22,793,387
22,076,715
-3.14
1,867,339
1,854,895
-0.67
604
AKROLITHOS S.A.
NON MINERAL
10,537,688
10,595,946
0.55
2,020,615
1,853,389
-8.28
605
AEGEON S.A.
HOTELS
7,197,549
8,028,190
11.54
1,412,541
1,849,209
30.91
606
HUGO BOSS HELLAS LTD
APPAREL
14,131,910
16,400,919
16.06
884,466
1,841,749
108.23
607
GCP MED S.A.
PHARMACEUTICALS DETERGENTS
40,424,296
17,299,872
-57.20
4,872,012
1,835,798
-62.32
608
CHATZIGEORGIOU S.A.
FOOD PRODUCTS
20,546,881
20,194,798
-1.71
-1,140,660
1,834,026
0.00
609
ALOUMAN S.A.
METAL PRODUCTS
61,332,347
68,984,648
12.48
1,520,535
1,830,479
20.38
610
Ι. Κ. CINEMATOGRAPHY & ΤELEVISION PRODUCTIONS S.A.
MISCELLANEOUS SERVICES
3,955,634
6,445,980
62.96
1,380,015
1,819,713
31.86
611
TOMES S.A.
-
8,261,788
18,535,107
124.35
4,520,285
1,819,689
-59.74
612
ATTICA HOLDING S.A.
HOLDING COMPANIES
0
0
0.00
-1,102,000
1,817,000
0.00
613
TOUMPOURLEKAS GEORGIOS S.A.
FOOD PRODUCTS
3,448,682
4,988,391
44.65
1,071,688
1,815,719
69.43
614
STANLEY S.A.
HOTELS
7,686,298
9,441,976
22.84
1,141,723
1,813,598
58.85
615
“ALFA” KOUKOUTARIS Α. S.A.
FOOD PRODUCTS
29,007,000
28,308,754
-2.41
3,514,267
1,808,435
-48.54
616
SARMED S.A.
LOGISTICS
21,338,418
22,608,940
5.95
322,063
1,806,882
461.03
617
HERMES - HARISIADIS & SONS S.A.
SHIPPING & INDUSTRY SUPPLIES
23,828,690
28,127,333
18.04
1,505,126
1,805,816
19.98
618
WOOD WELL ZYMARIDIS S.A.
FURNITURE - RUGS - LIGHTING
17,379,551
18,665,752
7.40
2,468,777
1,799,571
-27.11
619
TECHNAVA S.A.
MACHINERY
14,596,955
16,444,769
12.66
1,576,086
1,796,807
14.00
620
ESTEE LAUDER HELLAS S.A.
PHARMACEUTICALS COSMETICS
60,067,986
71,984,944
19.84
2,836,024
1,793,421
-36.76
621
DRAGINI, E. D., S.A.
MEDICAL SERVICES
25,872,766
26,400,231
2.04
2,062,770
1,792,755
-13.09
622
DELTA MEDICAL S.A.
MEDICAL DEVICES
5,908,754
5,890,152
-0.32
2,001,361
1,789,842
-10.57
I 128 I
I 129 I
CHEMICAL PRODUCTS
31,189,946
33,618,062
7.79
2,275,475
1,789,754
-21.35
624
AMGEN HELLAS LTD
PHARMACEUTICALS COSMETICS
71,064,235
64,042,394
-9.88
1,947,194
1,788,994
-8.13
625
GE HEALTHCARE SA (ex MEDICAL SYSTEMS HELLAS S.A.)
SCIENTIFIC & MEDICAL DEVICES
30,355,693
29,545,673
-2.67
1,023,752
1,787,282
74.58
626
ASPIS S.A. (DEDES CON.)
FOOD PRODUCTS
34,456,024
37,653,403
9.28
1,003,273
1,786,811
78.10
627
MLS MULTIMEDIA S.A.
INFORMATION TECHNOLOGY
25,382,367
23,100,249
-8.99
2,241,160
1,784,184
-20.39
628
FCA CAPITAL HELLAS S.A. (ex FIAT CREDIT HELLAS )
TRANSPORTATION MEANS & SPARE PARTS
35,052,468
47,445,848
35.36
1,556,372
1,783,228
14.58
629
POULIOS MARBLES S.A.
NON MINERAL
4,943,927
5,478,110
10.81
1,140,601
1,779,777
56.04
630
ATHENS AIRPORT JET FUEL PIPELINE COMPANY S.A.
TRANSPORT
3,512,902
3,768,942
7.29
1,369,177
1,768,677
29.18
631
TELMACO S.A.
ELECTRICAL SUPPLIES
17,990,649
23,077,970
28.28
271,341
1,761,701
549.26
632
TEVA HELLAS S.A.
PHARMACEUTICALS
15,159,944
18,082,715
19.28
962,656
1,759,351
82.76
633
SAVVALAS Α. & S. S.A.
PRINTING
7,146,401
6,929,117
-3.04
1,883,680
1,753,060
-6.93
634
METHIL S.A.
HOTELS
3,817,157
4,155,165
8.86
1,629,574
1,750,676
7.43
635
DIELAS LTD
SUPERMARKET
31,102,643
29,858,936
-4.00
1,936,022
1,750,603
-9.58
636
ROLOPAK S.A.
MISCELLANEOUS PRODUCTS
6,729,038
7,033,613
4.53
1,550,334
1,749,573
12.85
637
CSL BEHRING HELLAS LTD
PHARMACEUTICALS
15,353,860
15,249,664
-0.68
830,207
1,746,246
110.34
638
MARKS AND SPENCER-MARINOPOULOS GREECE S.A.
CLOTHING
57,028,407
53,529,616
-6.14
-2,234,793
1,744,100
0.00
639
DUPONT HELLAS S.A.
CHEMICALS - PAINTS
16,271,731
16,174,287
-0.60
1,443,441
1,742,163
20.70
640
Ε. DONTA S.A.
HOTELS
4,333,326
4,815,695
11.13
1,855,461
1,741,597
-6.14
641
KONVA S.A.
FOOD PRODUCTS
26,499,785
28,081,475
5.97
257,148
1,739,584
576.49
642
NAUPIGOPLASTIKI S.A.
TRANSPORTATION MEANS
3,304,103
3,663,875
10.89
1,373,822
1,733,088
26.15
643
PSICHOGIOS PRINTING S.A.
PRINTING
14,002,879
13,616,602
-2.76
2,314,085
1,732,024
-25.15
644
KIANI AKTI S.A.
HOTELS
6,854,880
7,856,750
14.62
1,142,105
1,730,856
51.55
645
AIOLIKI SIDIROKASTROU S.A.
ENERGY
3,939,830
5,832,210
48.03
892,326
1,729,386
93.81
646
VOLOS PORT AUTHORITY S.A.
PORT
5,426,970
5,155,947
-4.99
1,556,199
1,728,251
11.06
647
DAVARIS TEXTILE S.A.
ΕΝΔΥΣΗ - ΥΠΟΔΗΣΗ
27,200,315
26,323,033
-3.23
1,813,850
1,727,394
-4.77
648
TEKA SYSTEMS S.A.
INFORMATION TECHNOLOGY
16,404,036
18,715,749
14.09
1,499,187
1,722,798
14.92
649
MEGAS YEEROS S.A.
FOOD PRODUCTS
26,430,887
27,786,192
5.13
2,035,447
1,722,295
-15.39
650
TEOREN MOTORS S.A.
TRANSPORTATION MEANS & SPARE PARTS
49,184,419
58,841,860
19.64
1,341,213
1,719,981
28.24
651
JT INTERNATIONAL HELLAS S.A.
TOBACCO PRODUCTS
86,348,992
71,013,510
-17.76
1,726,980
1,718,025
-0.52
652
AVANCE LTD
CAR RENTAL
8,753,574
11,697,999
33.64
781,325
1,716,467
119.69
653
IATRIKI TECHNIKI S.A.
MEDICAL DEVICES
10,082,593
12,316,299
22.15
795,085
1,716,167
115.85
654
Μ.Ε.ΤΕ. S.A.
MINES
11,954,153
14,240,873
19.13
1,002,899
1,716,053
71.11
655
TRINITY WINES LTD
BEVERAGES - SPIRITS
9,261,376
11,413,018
23.23
1,513,994
1,714,175
13.22
656
HELLAS HOLIDAY HOTELS S.A.
HOTELS
17,235,129
19,951,295
15.76
551,645
1,713,015
210.53
657
(ATTICA MEATS) VOUDOURIS – KONSTAS S.A.
FOOD PRODUCTS
96,760,103
97,661,848
0.93
3,472,544
1,710,043
-50.76
658
ACTIVE CARS S.A.
TRAVEL AGENCY
6,817,061
8,724,955
27.99
1,098,806
1,708,422
55.48
659
VOGIATZOGLOU SYSTEMS S.A.
MISCELLANEOUS PRODUCTS
14,819,000
16,186,000
9.23
1,405,000
1,704,000
21.28
660
HELLENIC SOLAR S.A.
ENERGY
4,555,149
4,695,742
3.09
1,603,891
1,701,961
6.12
661
NERA KRITIS S.A.
BEVERAGES - SPIRITS
10,878,501
11,403,423
4.83
1,545,676
1,701,832
10.10
662
DIETHNIS KATASKEYASTIKI S.A.
-
1,176,813
3,250,625
176.22
487,458
1,694,198
247.56
663
VOCATE PHARMACEUTICALS S.A.
PHARMACEUTICALS DETERGENTS
17,709,733
17,949,176
1.35
2,444,377
1,691,973
-30.78
664
ΤΕ.ΝΑ. S.A.
-
17,514,537
20,186,348
15.26
1,971,231
1,691,721
-14.18
665
J. M. KYRIAKIDIS S.A.
MEDICAL DEVICES
6,320,522
5,895,579
-6.72
487,564
1,689,457
246.51
666
MYRINA BEACH HOTEL S.A.
HOTELS
3,545,091
3,689,637
4.08
1,405,861
1,688,063
20.07
I 130 I
623 - 666
Pre-Tax Income Change
VITEX – YANNIDIS BROS S.A.
Sector
Pre-Tax Income 2017
Turnover 2017
623
Company Name
Pre-Tax Income 2016
Turnover 2016
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover Change
DIAMONDS OF THE GREEK ECONOMY
I 131 I
667 - 711
667
MEDIWAY LTD.
MISCELLANEOUS PRODUCTS
668
U.T.C. S.A.
TRANSPORT
669
CYBVERONICA S.A.
OFFICE DEVICES
670
DAIOS PLASTICS S.A.
PLASTICS - RUBBER
671
TH. CHALKIADAKIS S.A. - CACTUS HOTELS
672
VARELAS S.A.
673
2,857,045
10,940,393 3,420,131
Pre-Tax Income Change
Pre-Tax Income 2017
36.64
1,271,132
1,687,773
32.78
11,958,716
9.31
1,066,903
1,680,986
57.56
3,398,683
-0.63
1,681,284
1,675,508
-0.34
25,195,440
25,837,650
2.55
1,178,360
1,666,850
41.46
HOTELS
9,234,755
9,911,150
7.32
1,448,930
1,663,688
14.82
MEDICAL DEVICES
6,068,157
7,165,977
18.09
1,495,112
1,659,776
11.01
ADELCO - CHROMATOURGIA ATHINON E. COLOCOTRONIS BROS S.A.
PHARMACEUTICALS DETERGENTS
7,610,629
8,055,421
5.84
1,770,967
1,658,892
-6.33
674
KATRADIS MARINE ROPES S.A.
TEXTILES
13,859,553
13,971,965
0.81
1,885,281
1,655,596
-12.18
675
ALYKANAS VILLAGE HOTELS S.A.
HOTELS
4,016,980
4,136,938
2.99
1,454,682
1,654,574
13.74
676
SELECT SERVICE PARTNER RESTAURANT HELLAS S.A.
MISCELLANEOUS SERVICES
6,920,102
12,130,719
75.30
843,236
1,651,995
95.91
677
ELDON’S S.A.
PETROLEUM PRODUCTS
21,848,215
23,572,909
7.89
704,106
1,650,766
134.45
678
EUROGAT S.A.
ELECTRICAL DEVICES
8,503,833
13,340,446
56.88
735,131
1,646,039
123.91
679
VERMA DRUGS S.A.
PHARMACEUTICALS DETERGENTS
5,559,205
5,549,405
-0.18
1,037,203
1,644,092
58.51
680
FYTOTHREPTIKI S.A.
CHEMICAL PRODUCTS
27,905,582
31,870,372
14.21
520,915
1,633,823
213.65
681
COCA COLA HELLAS S.A.
BEVERAGES - SPIRITS
19,911,352
26,358,866
32.38
1,227,871
1,633,815
33.06
682
HENKEL HELLAS SA.
PERSONAL & HOME CARE
96,930,810
86,904,460
-10.34
7,922,550
1,633,580
-79.38
683
VERNILAC S.A.
CHEMICAL PRODUCTS
12,924,111
14,206,656
9.92
1,760,674
1,626,052
-7.65
684
CLINIC SAINT LOUKAS S.A.
MEDICAL SERVICES
42,768,605
43,094,081
0.76
2,574,229
1,622,477
-36.97
685
ENVITEC S.A.
ENERGY
4,584,482
7,131,598
55.56
1,897,585
1,621,377
-14.56
686
SEKAVAR S.A.
TRANSPORT
2,767,471
3,477,831
25.67
1,748,997
1,621,314
-7.30
687
ROBERT BOSCH S.A.
TRANSPORTATION MEANS & SPARE PARTS
35,441,141
38,581,306
8.86
495,641
1,620,634
226.98
688
MARMARAS Κ. SONS LTD
FOOD PRODUCTS
24,763,070
30,164,259
21.81
1,052,003
1,619,765
53.97
689
VIORYL S.A.
CHEMICAL PRODUCTS
20,836,991
21,568,362
3.51
1,862,185
1,615,430
-13.25
690
PETRIDIS S.A.
ELECTRICAL DEVICES
10,934,574
10,333,240
-5.50
1,035,003
1,613,571
55.90
691
CHEFARMA PHARMACEUTICALS LTD
CHEMICALS - PAINTS
4,490,483
5,041,163
12.26
1,539,867
1,610,884
4.61
692
SEALED AIR HELLAS S.A.
PLASTICS - RUBBER
7,464,912
8,126,750
8.87
1,234,350
1,608,768
30.33
693
NESTOR S.A.
HOTELS
5,057,124
6,115,346
20.93
1,726,457
1,604,973
-7.04
694
POLISAN HELLAS S.A.
PLASTICS - RUBBER
56,010,000
72,262,000
29.02
-1,268,000
1,604,000
0.00
695
BANDAI NAMCO ENTERTAINMENT HELLAS M EPE
MISCELLANEOUS PRODUCTS
16,460,711
22,366,767
35.88
697,503
1,603,062
129.83
696
E.B.C. S.A.
HOLDING COMPANIES
1,456,047
1,666,035
14.42
2,523,309
1,602,139
-36.51
697
GENESIS ATHENS S.A.
MEDICAL SERVICES
6,248,612
7,144,416
14.34
1,231,168
1,601,543
30.08
698
KOURTOGLOU “ALFA MACHINE” S.A.
MACHINERY
4,070,448
4,156,336
2.11
1,407,957
1,599,829
13.63
699
AMALTHEIA S.A.
FOOD PRODUCTS
12,338,289
14,655,611
18.78
821,552
1,597,214
94.41
700
THOLARI S.A.
HOTELS
10,807,901
13,495,166
24.86
-576,968
1,591,070
0.00
701
NORDIA S.A.
NON MINERAL
14,073,710
15,781,444
12.13
1,816,268
1,588,196
-12.56
702
SELCO CHEMICALS S.A.
CHEMICALS - PAINTS
8,688,850
9,082,809
4.53
1,585,428
1,585,226
-0.01
703
FTHlOTIS PAPERMILL S.A.
PAPER
17,649,000
18,611,000
5.45
1,911,000
1,580,000
-17.32
704
ERGOTEM S.A.
CONSTRUCTION COMPANIES
20,813,839
22,625,970
8.71
2,588,655
1,579,459
-38.99
705
GREEN IMPORT LTD
FOOD PRODUCTS
6,450,039
7,260,482
12.57
1,260,551
1,579,172
25.28
706
MEDBEST S.A.
FOOD PRODUCTS
31,506,829
35,236,551
11.84
1,594,391
1,578,115
-1.02
707
MEDIABRANDS ADVERTISING S.A.
ADVERTISING COMPANIES
27,933,772
25,843,498
-7.48
1,624,429
1,577,723
-2.88
708
CEGEDIM HELLAS S.A.
IT
12,148,869
12,036,632
-0.92
1,632,298
1,560,845
-4.38
709
GEOAPODOSI S.A.
-
1,103,629
2,944,172
166.77
39,075
1,557,843
3886.80
710
RAINBOW EATERS LTD
BEVERAGES
14,005,716
14,390,514
2.75
1,598,405
1,557,820
-2.54
711
VINCI CONSTRUCTIONS HELLAS S.A.
-
5,285,620
9,339,977
76.71
469,042
1,555,841
231.71
I 132 I
2,090,875
Pre-Tax Income 2016
Sector
Turnover Change
Company Name
Turnover 2017
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
DIAMONDS OF THE GREEK ECONOMY
I 133 I
712 - 755
712
SIRIOS VILLAGES.A.
HOTELS
713
NEWS DOT COM S.A. ΣΚΑΪ
714 715
Pre-Tax Income Change
Pre-Tax Income 2017
Pre-Tax Income 2016
Sector
Turnover Change
Company Name
Turnover 2017
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover 2016
DIAMONDS OF THE GREEK ECONOMY
3,910,000
4,170,928
6.67
1,438,612
1,553,578
7.99
TV STATION
33,381,876
66,369,109
98.82
-3,006,946
1,542,731
0.00
PROTON S.A.
MEDICAL DEVICES
16,231,239
27,943,186
72.16
803,020
1,540,891
91.89
PAPER AXON S.A.
PAPER
8,012,395
7,850,688
-2.02
982,049
1,539,859
56.80
716
SPACE ELECTRONICS LTD.
ELECTRICAL SUPPLIES
11,209,788
14,705,133
31.18
1,614,063
1,531,146
-5.14
717
SEKE S.A.
TOBACCO PRODUCTS
45,461,590
64,488,952
41.85
867,679
1,527,922
76.09
718
AQUIS S.A.
HOTELS
10,706,337
0
0.00
-4,834,323
1,527,907
0.00
719
EGNATIA SUPER MARKET S.A.
SUPERMARKET
77,420,451
86,595,172
11.85
1,592,624
1,527,298
-4.10
720
HONDOS CENTER S.A.
PHARMACEUTICALS COSMETICS
36,483,522
38,900,639
6.63
1,030,994
1,525,879
48.00
721
C. ZONAS S.A.
MACHINERY
6,151,052
6,129,073
-0.36
1,381,316
1,525,774
10.46
722
AEGEAN MELATHRON S.A.
HOTELS
12,293,677
13,900,803
13.07
452,886
1,525,525
236.85
723
TOMES AKINITA S.A.
HOTELS
724
TOP ELECTRONICS COMPONENTS S.A.
ELECTRICAL SUPPLIES
725
ERGOSE S.A.
MISCELLANEOUS SERVICES
726
VIOLIAP S.A.
-
727
SPANOS S.A. (BMW)
TRANSPORTATION MEANS & SPARE PARTS
728
KARAGEORGIOU, K., BROS “3 ALFA” S.A.
729
ERGATIKAT S.A.
730
KTIMA GEROVASSILIOU S.A.
731 732
7,627,391
7,897,815
3.55
-1,516,797
1,523,899
0.00
11,795,650
12,946,670
9.76
1,340,101
1,522,664
13.62
349,073,656
271,767,497
-22.15
1,857,003
1,518,799
-18.21
3,309,106
5,456,929
64.91
486,379
1,511,578
210.78
68,440,054
62,218,069
-9.09
2,689,623
1,511,521
-43.80
FOOD PRODUCTS
26,193,195
25,825,409
-1.40
1,830,098
1,507,471
-17.63
CONSTRUCTION COMPANIES
14,799,687
20,557,599
38.91
1,077,206
1,503,436
39.57
BEVERAGES
5,038,213
6,229,533
23.65
1,047,428
1,501,527
43.35
WORLDBRIDGE - PAYMENT INSTITUTION S.A.
FINANCIAL SERVICES
7,974,074
8,480,766
6.35
1,360,825
1,500,140
10.24
AELOKIKA PARKA ACHLADION S.A.
ENERGY
2,822,213
2,318,227
-17.86
1,940,205
1,495,423
-22.92
733
ELASTRAK S.A.
TRANSPORTATION MEANS & SPARE PARTS
32,532,000
33,730,000
3.68
950,000
1,495,000
57.37
734
MOUSSAMAS BROS S.A. (ATHENS HOLIDAY INN)
HOTELS
13,023,610
13,951,631
7.13
1,409,855
1,492,580
5.87
735
CAPSIS HOTELS
HOTELS
5,866,342
6,304,929
7.48
1,058,862
1,487,184
40.45
736
EXARCHOS S.A.
FOOD PRODUCTS
18,535,683
20,741,784
11.90
1,014,570
1,484,125
46.28
737
KYVERNITIS TRAVEL S.A.
TOURISM ENTERPISES
10,066,642
14,004,602
39.12
1,206,394
1,480,923
22.76
738
ΟΚΤΑΒΙΤ S.A.
OFFICE DEVICES
48,727,020
53,150,812
9.08
1,052,964
1,478,506
40.41
739
FRONTIS S.A.
MEDICAL SERVICES
4,059,745
5,340,794
31.56
1,022,643
1,476,979
44.43
740
EVIOP-TEMPO S.A.
ELECTRICAL SUPPLIES
26,335,948
29,166,030
10.75
1,122,141
1,476,638
31.59
741
M. PAPAPANAGIOTOU S.A.
CHEMICALS - PAINTS
16,299,812
15,979,052
-1.97
1,240,389
1,468,658
18.40
742
ROYAL CANIN HELLAS LTD
MISCELLANEOUS PRODUCTS
11,891,317
11,668,247
-1.88
1,572,791
1,468,439
-6.64
743
POLO S.A.
APPAREL
744
FOURNARAKIS S.A.
MACHINERY
745
ZISIMOPOULOS S. S.A.
HOTELS
746
UNI-PHARMA KLEON TETSIS S.A.
PHARMACEUTICALS - DETERGENTS
747
IGOUMENITSA PORT AUTHORITY S.A.
PORT
748
NEA ODOS S.A.
MISCELLANEOUS SERVICES
749
REDESTOS S.A.
750
GEOANALYSIS S.A.
751
6,391,917
6,818,712
6.68
1,519,325
1,464,654
-3.60
21,567,322
22,310,917
3.45
2,052,800
1,461,724
-28.79
4,351,641
4,741,084
8.95
1,040,064
1,461,711
40.54
54,435,982
55,917,029
2.72
1,019,354
1,459,734
43.20
4,711,546
5,164,052
9.60
1,688,807
1,459,083
-13.60
354,999,578
236,156,819
-33.48
-2,826,768
1,453,130
0.00
CHEMICAL PRODUCTS
1,481,642
1,399,436
-5.55
54,477
1,449,968
2561.62
-
1,475,324
5,406,941
266.49
-567,678
1,442,185
0.00
CORFU PORT ORGANISATION S.A.
TRANSPORT COMPANIES
3,287,771
3,371,293
2.54
1,003,737
1,436,296
43.10
752
DIANOMEUS LTD
FOOD PRODUCTS
21,320,014
24,031,651
12.72
1,984,234
1,435,657
-27.65
753
ELSA - SILGAN METAL PACKAGING S.A.
METAL PRODUCTS
44,763,084
50,080,033
11.88
933,965
1,434,350
53.58
754
PPC RENEWABLES - ΜΕΚ ENERGEIAKI ‘’VORINO PELLAS’’ S.A.
ENERGY
2,421,403
2,328,142
-3.85
1,645,663
1,433,582
-12.89
755
PEI.FA.SYN GROUP - PIRAEUS PHARMACISTS ASSOCIATION
PHARMACEUTICALS - COSMETICS
147,150,439
147,989,972
0.57
1,531,190
1,430,564
-6.57
I 134 I
I 135 I
AGRICULTURAL ENTERPRISES
15,237,434
16,724,919
9.76
1,393,685
1,430,066
2.61
757
CONDITO S.A.
FOOD PRODUCTS
10,283,793
10,742,892
4.46
1,462,852
1,430,065
-2.24
758
INFO QUEST TECHNOLOGIES S.A.
IT
108,889,000
124,773,000
14.59
632,000
1,430,000
126.27
759
RIO BEACH - ARMONIA AE
HOTELS
4,454,835
5,075,177
13.93
1,243,544
1,428,323
14.86
760
PPG HELLAS S.A.
CHEMICAL - PAINTS
9,465,589
12,017,107
26.96
941,888
1,425,160
51.31
761
LUXURY GOODS GREECE S.A.
APPAREL
3,105,770
5,613,655
80.75
361,316
1,414,698
291.54
762
NEOGAL S.A.
FOOD PRODUCTS
17,231,191
15,581,044
-9.58
695,917
1,413,670
103.14
763
OLYMPIC CATERING S.A.
FOOD PRODUCTS
30,010,000
26,209,000
-12.67
5,072,000
1,409,000
-72.22
764
HELLENICA S.A.
PHARMACEUTICALS - DETERGENTS
33,773,800
33,376,349
-1.18
3,501,547
1,407,672
-59.80
765
KYKNOS S.A.
FOOD PRODUCTS
19,636,182
20,279,336
3.28
234,484
1,403,811
498.68
766
PROVIL S.A.
FOOD PRODUCTS
7,134,777
7,771,233
8.92
873,890
1,398,280
60.01
767
ERICKSON HELLAS S.A.
MOBILE TELEPHONY
69,242,723
67,535,910
-2.47
1,824,101
1,397,757
-23.37
768
UCB S.A.
PHARMACEUTICALS - DETERGENTS
33,431,080
36,401,272
8.89
1,155,493
1,397,076
20.91
769
ATHENAEUM INTERCONTINENTAL HOTEL
HOTELS
24,130,781
26,019,507
7.83
131,839
1,396,862
959.52
770
METEM S.A.
REAL ESTATE
3,438,851
3,691,732
7.35
1,183,985
1,391,661
17.54
771
STEP S.A.
PHARMACEUTICALS - COSMETICS
29,618,861
29,735,115
0.39
1,275,197
1,388,597
8.89
772
MOTO TREND S.A.
TRANSPORTATION MEANS & SPARE PARTS
12,041,123
9,837,738
-18.30
2,223,155
1,386,733
-37.62
773
LIAKOPOULOS G. S.A.
TRANSPORTATION MEANS & SPARE PARTS
12,516,013
13,262,470
5.96
1,194,545
1,385,919
16.02
774
OHONOS SNACK S.A.
FOOD PRODUCTS
16,532,777
16,690,801
0.96
2,085,512
1,384,575
-33.61
775
CARTONTEC S.A.
PAPER
11,305,948
12,135,508
7.34
1,470,242
1,382,128
-5.99
776
DAKON S.A.
MISCELLANEOUS SERVICES
777
ROSSI S.A.
CLOTHING - FOOTWEAR
778
COMPUTER TEAM S.A.
IT
779
SERVIER HELLAS PHARMACEUTIQUE LTD
780
756 - 796
Pre-Tax Income Change
EVOL - EAS VOLOU
Sector
Pre-Tax Income 2017
Turnover 2017
756
Company Name
Pre-Tax Income 2016
Turnover 2016
2019
FINANCIAL RESULTS OF ENTERPRISES OF THE MOST PROFITABLE BUSINESSES Turnover Change
DIAMONDS OF THE GREEK ECONOMY
2,818,356
3,094,719
9.81
1,244,822
1,381,928
11.01
16,588,470
16,396,362
-1.16
1,959,607
1,381,372
-29.51
2,587,980
2,953,665
14.13
1,105,178
1,380,436
24.91
PHARMACEUTICALS - COSMETICS
27,431,517
25,737,434
-6.18
1,241,670
1,380,312
11.17
INTERVET HELLAS S.A.
CHEMICALS - PAINTS
18,322,888
17,431,594
-4.86
660,372
1,379,205
108.85
781
ARMA SHOES S.A.
SHOES
13,445,197
12,434,366
-7.52
1,909,594
1,379,049
-27.78
782
C & M TEXHNIKI S.A.
CONSTRUCTION COMPANIES
4,312,336
5,203,792
20.67
1,093,181
1,374,290
25.72
783
ΤΑΝΚΟ PETFOOD S.A.
FOOD PRODUCTS
7,499,325
11,444,191
52.60
632,576
1,371,302
116.78
784
DIGENIS S.A.
METAL PRODUCTS
4,840,111
4,628,919
-4.36
1,374,310
1,369,389
-0.36
785
ELVE APPAREL S.A.
APPAREL
3,271,113
7,380,025
125.61
856,023
1,366,820
59.67
786
MARKET IN S.A.
SUPERMARKET
229,471,499
251,012,811
9.39
1,118,519
1,363,587
21.91
787
AGROVIM S.A.
FOOD PRODUCTS
47,785,665
45,424,638
-4.94
761,287
1,357,328
78.29
788
TH. MAKRIS METALLEMPORIKI S.A.
METAL PRODUCTS
15,782,896
20,535,380
30.11
1,409,868
1,356,256
-3.80
789
KOLIOS S.A.
FOOD PRODUCTS
94,433,831
98,481,530
4.29
2,878,654
1,356,148
-52.89
790
MARINA GOUVION S.A.
TRANSPORT
5,787,500
6,122,040
5.78
1,377,136
1,355,061
-1.60
791
Α.Μ. GENCOM AMERICAN MARINE S.A.
TRANSPORTATION MEANS & SPARE PARTS
14,723,073
10,992,724
-25.34
18,191
1,353,035
7337.94
792
GLAXOSMITHKLINE S.A.
PHARMACEUTICALS - COSMETICS
125,262,735
123,535,564
-1.38
2,304,675
1,348,928
-41.47
793
OMIROS S.A.
FOOD PRODUCTS
18,922,818
22,109,438
16.84
780,742
1,346,835
72.51
794
I.B.S. S.A.
PLASTICS - RUBBER
12,397,494
12,636,300
1.93
549,069
1,339,580
143.97
795
SYNGENTA HELLAS S.A.
CHEMICAL PRODUCTS
49,642,211
50,027,997
0.78
1,421,785
1,338,934
-5.83
796
EUROCHARTIKI S.A.
PAPER
47,252,389
45,302,987
-4
1,663,911
1,186,784
-29
I 136 I
I 137 I
www.timetv.gr
MANUFACTURERS OF SLIDING DOOR FITTING AND CONVEYOR SYSTEMS
www.niko.eu.com
Door Fittings Handling Systems Power Feed Systems Fall Arrest Systems
We handle your business with bespoke projects.
Net Profit Margin
Return On Equity
648,048,000
Equity To Liabilities Ratio
Total Liabilities
153%
921,773,000
1.4
47%
14%
ENERGY
125,940,000 102,497,000
103,250,000
65% 1,239,136,000
353,021,000
3.5
99%
8%
98,067,000
176,858,000
54%
343,852,000
234,470,000
1.5
55%
29%
2 NBG PANGEA REIC
REAL ESTATE
3 ΑΤΤΙΚΗ ODOS S.A.
SERVICES
4 ATHENS WATER SUPPLY AND SEWERAGE COMPANY (EYDAP) S.A.
PUBLIC ENTERPRISES & ORGANISATIONS
66,473,000
327,343,000
61%
942,191,000
590,590,000
1.6
20%
7%
5 F.H.L. KYRIAKIDIS GROUP
NON-METALLIC MINERALS
65,651,703
112,801,466
137%
88,071,187
80,247,761
1.1
58%
75%
6 GRIVALIA PROPERTIES REIC
REAL ESTATE
59,082,000
53,541,000
120%
865,679,000
137,618,000
6.3
110%
7%
7 HELLENIC DUTY FREE SHOPS S.A.
MISCELLANEOUS PRODUCTS
54,124,000
283,635,000
23%
409,843,000
276,674,000
1.5
19%
13%
8 PAVLIDIS MARBLE-GRANITE S.A.
NON-METALLIC MINERALS
42,016,654
81,397,313
35%
104,163,308
69,595,465
1.5
52%
40%
FOOD PRODUCTS
38,325,000
117,883,000
23%
386,409,000
290,432,000
1.3
33%
10%
HOLDING COMPANIES
37,960,713
1,781,016
31%
347,995,478
186,531,364
1.9
2131%
11%
9 CHIPITA S.A. 10 AKTOR PARAXORISIS S.A.
001 - 047
268,697,000
Equity
1 HELLENIC GAS TRANSMISSION SYSTEM OPERATOR (DESFA) S.A.
Sector
Profitability Increase
Company Name
Turnover 2017
2019
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA) Pre-Tax Income
DIAMONDS OF THE GREEK ECONOMY
11 CH. ROKAS – ARCADIA METAL INDUSTRY S.A.
METAL PRODUCTS
33,457,000
51,559,000
8%
133,064,000
77,649,000
1.7
65%
25%
12 TELEPERFORMANCE S.A. (DIAL-SERVICE 800)
SERVICES
31,822,003
165,539,676
17%
48,741,274
36,615,843
1.3
19%
65%
13 IMERYS INDUSTRIAL MINERALS GREECE S.A.
NON-METALLIC MINERALS
31,813,000
105,292,000
40%
121,341,000
42,323,000
2.9
30%
26%
14 OLYMPIC AIR S.A.
AIRLINES
27,805,000
259,979,000
1590%
74,795,000
59,155,000
1.3
11%
37%
15 PUBLIC PROPERTIES COMPANY S.A.
PUBLIC ENTERPRISES & ORGANISATIONS
27,684,972
47,652,227
92%
867,400,475
305,924,341
2.8
58%
3%
16 EDF EN HELLAS S.A.
ENERGY
26,877,670
2,657,610
9%
153,049,824
1,848,824
82.8
1011%
18%
17 HELLENIC DAIRIES S.A.
FOOD PRODUCTS
25,213,735
256,717,193
230%
155,692,458
148,779,327
1.0
10%
16%
18 THESSALONIKI WATER SUPPLY & SEWERAGE COMPANY (EYATH) S.A.
PUBLIC ENTERPRISES & ORGANISATIONS
25,194,000
73,401,000
17%
162,408,000
37,694,000
4.3
34%
16%
19 GAS DISTRIBUTION COMPANY OF THESSALIA - THESSALONIKI S.A.
ENERGY
24,859,395
53,386,235
245%
278,926,750
50,926,750
5.5
47%
9%
20 PLASTIKA KRITIS S.A.
PLASTICS - RUBBER
24,221,000
142,651,000
9%
162,538,000
30,113,000
5.4
17%
15%
21 GR. SARANTIS S.A.
PHARMACEUTICALS - DETERGENTS
22,862,769
140,414,023
51%
132,042,996
73,407,464
1.8
16%
17%
22 KARATZI S.A.
MISCELLANEOUS PRODUCTS
22,587,000
70,431,000
105%
120,928,000
56,488,000
2.1
32%
19%
23 SKYSERV S.A.
AIRLINES
21,389,026
44,242,170
206%
31,004,749
11,832,647
2.6
48%
69%
24 PIRAEUS PORT AUTHORITY S.A. (OLP)
SERVICES
21,186,804
111,530,837
92%
185,899,440
178,022,275
1.0
19%
11%
25 DOW HELLAS S.A.
CHEMICAL PRODUCTS
16,395,020
68,557,237
9%
25,746,876
10,357,936
2.5
24%
64%
26 ELTRAK S.A.
MACHINES
15,956,000
42,594,000
1053%
45,167,000
43,622,000
1.0
37%
35%
27 IKTINOS HELLAS S.A.
NON-METALLIC MINERALS
14,910,132
47,609,598
958%
37,707,335
34,155,620
1.1
31%
40%
28 LAMDA DOMI S.A.
REAL ESTATE
14,001,814
20,825,172
14%
120,307,925
80,534,093
1.5
67%
12%
29 ATHENIAN BREWERY S.A.
BEVERAGES - SPIRITS
13,940,603
341,242,032
4%
120,036,363
97,063,866
1.2
4%
12%
30 PFIZER HELLAS S.A.
PHARMACEUTICALS - COSMETICS
13,508,197
228,791,323
8%
191,178,907
68,513,069
2.8
6%
7%
31 TOYOTA HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
12,275,841
180,204,791
28%
43,595,526
39,923,805
1.1
7%
28%
32 MERMEREN KOMBINAT AD PRILEP
NON-METALLIC MINERALS
11,850,441
26,140,710
200%
21,770,977
4,294,220
5.1
45%
54%
33 PROMETHEUS GAS S.A.
ENERGY
10,774,519
181,371,733
658%
46,272,526
32,327,081
1.4
6%
23%
34 E. I. PAPADOPOULOS S.A.
FOOD PRODUCTS
10,612,154
148,786,486
6%
95,218,177
65,312,064
1.5
7%
11%
35 HELLENIC DOUGH – ARABATZIS S.A.
FOOD PRODUCTS
10,391,000
72,733,000
26%
44,514,000
28,618,000
1.6
14%
23%
36 FLEXOPACK S.A.
PLASTICS - RUBBER
10,327,000
70,284,000
26%
63,382,000
35,832,000
1.8
15%
16%
37 SHELL & MOH AVIATION FUELS S.A.
PETROLEUM PRODUCTS
10,291,000
223,872,000
2%
14,065,000
10,743,000
1.3
5%
73%
38 KRI KRI MILK INDUSTRY S.A.
FOOD PRODUCTS
9,890,525
79,246,189
21%
49,511,671
32,907,792
1.5
12%
20%
39 FIBRAN D. ANASTASIADIS S.A.
PLASTICS - RUBBER
9,686,866
118,938,564
104%
86,678,389
24,288,537
3.6
8%
11%
40 HEWLETT PACKARD HELLAS LTD.
OFFICE DEVICES
9,547,470
42,459,361
52%
16,854,143
13,616,324
1.2
22%
57%
41 ROLEX HELLAS S.A.
WATCHES
8,834,737
53,109,531
18%
8,832,687
3,200,973
2.8
17% 100%
42 ECIO
INSURANCE
8,401,110
7,544,087
160%
169,974,901
5,437,498
31.3
111%
5%
43 ARITI S.A.
MEDICAL DEVICES
8,385,576
25,747,563
19%
35,572,507
28,477,251
1.2
33%
24%
44 FORD MOTOR HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
8,361,825
83,377,403
14%
24,359,881
14,119,083
1.7
10%
34%
45 D.N. HARITOPOULOS S.A.
NON-METALLIC MINERALS
8,217,381
10,745,973
40%
34,117,198
3,047,233
11.2
76%
24%
46 SELMAN S.A.
TRANSPORTATION MEANS
8,122,271
21,149,973
265%
19,576,275
6,275,677
3.1
38%
41%
47 MONOTEZ S.A.
PLASTICS - RUBBER
8,043,307
85,394,976
41%
14,284,649
12,937,221
1.1
9%
56%
I 140 I
I 141 I
048 - 098
Return On Equity
Net Profit Margin
7,832,349
46,169,276
17%
41,027,393
4,225,181
9.7
17%
19%
7,565,000
5,858,000
44%
71,765,000
696,000
103.1
129%
11%
Total Liabilities
FOOD PRODUCTS REAL ESTATE
Sector
Equity
Turnover 2017
48 BALAKANAKIS BROS S.A. 49 CLOUD HELLAS S.A.
Company Name
Profitability Increase
Pre-Tax Income
2019
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA) Equity To Liabilities Ratio
DIAMONDS OF THE GREEK ECONOMY
50 BARILLA HELLAS S.A.
FOOD PRODUCTS
7,525,099
71,979,108
21%
45,974,600
14,925,007
3.1
10%
16%
51 KLEEMANN HELLAS S.A.
MACHINES - DEVICES
7,524,498
92,755,780
281%
57,166,127
51,126,995
1.1
8%
13%
52 GOLF RESIDENCIES S.A.
HOTELS
7,515,873
35,834,379
16%
58,435,116
27,235,619
2.1
21%
13%
53 PROMETAL S.A.
METALLIC PRODUCTS
7,495,123
79,869,645
84%
73,204,464
9,541,678
7.7
9%
10%
54 LOUIS VUITTON HELLAS S.A.
CLOTHING
7,405,449
21,298,195
44%
11,365,310
3,332,651
3.4
35%
65%
55 SMIRDEX S.A.
NON-METALLIC MINERALS
7,193,274
17,892,414
16%
24,768,065
3,396,051
7.3
40%
29%
56 AIOLIKI PASTRA ATTIKIS S.A.
ENERGY
6,957,000
10,535,000
32%
23,850,000
12,000,000
2.0
66%
29%
57 SUPPLY UNIQUE S.A. (COFFEE ISLAND)
MISCELLANEOUS SERVICES
6,954,599
31,634,546
2%
10,163,048
6,492,853
1.6
22%
68%
58 CHATZILAZAROU Ι. S.A.
HOTELS
6,887,773
19,957,648
33%
41,053,419
28,473,401
1.4
35%
17%
59 ΕΘΝΙΚΗ ASSET MANAGEMENT S.A.
FINANCIAL SERVICES
6,390,300
10,270,270
71%
15,553,382
2,241,065
6.9
62%
41%
60 CHITOS S.A..
BEVERAGES - SPIRITS
6,314,534
48,529,481
92%
32,836,212
13,506,619
2.4
13%
19%
61 SANTA MARINA S.A.
HOTELS
6,116,222
22,352,862
766%
58,773,414
19,126,775
3.1
27%
10%
62 MEGAPLAST S.A.
PLASTICS - RUBBER
6,003,668
29,417,151
59%
25,283,821
12,055,448
2.1
20%
24%
63 MELISSA KIKIZAS FOOD PRODUCTS S.A.
FOOD PRODUCTS
5,933,238
61,352,859
4%
52,616,725
18,673,099
2.8
10%
11%
64 H & M HENNES & MAURITZ S.A.
CLOTHING - FOOTWEAR
5,912,431
154,462,511
24%
42,770,688
17,824,952
2.4
4%
14%
65 ATTICA TERRA FOOD AND DRINKS S.A.
FOOD PRODUCTS
5,892,916
40,261,694
17%
35,578,471
25,127,037
1.4
15%
17%
66 CARAVEL HOTELS S.A.
HOTELS
5,845,397
35,783,833
30%
47,955,467
10,283,866
4.7
16%
12%
67 AGRIFREDA S.A.
FOOD PRODUCTS
5,737,658
32,752,941
63%
21,775,298
4,041,699
5.4
18%
26%
68 ESPERIA GROUP S.A.
HOTELS
5,629,218
35,486,015
24%
42,564,592
33,683,848
1.3
16%
13%
69 AMVYX S.A.
BEVERAGES - SPIRITS
5,506,545
75,276,986
13%
38,778,919
24,820,013
1.6
7%
14%
70 “OLYMP” KONSTANTOPOULOS S.A.
FOOD PRODUCTS
5,503,016
41,665,905
3%
20,682,554
15,732,266
1.3
13%
27%
71 BEIERSDORF HELLAS S.A.
COSMETICS
5,318,934
42,618,215
12%
23,196,359
17,890,891
1.3
12%
23%
72 LITTLE ACRE MILK FARM S.A.
FOOD PRODUCTS
5,242,764
54,421,051
130%
41,689,567
4,711,961
8.8
10%
13%
73 EUROPEAN DYNAMICS S.A.
IT
5,150,321
19,111,312
108%
18,650,122
6,873,568
2.7
27%
28%
74 FRIGO STAHL S.A.
CONSTRUCTION COMPANIES
5,146,224
33,961,792
15%
29,148,248
5,618,486
5.2
15%
18%
75 SCHUR FLEXIBLES ABR S.A.
PLASTICS - RUBBER
4,959,266
51,520,243
61%
31,159,930
26,715,865
1.2
10%
16%
76 POLYEKO S.A.
MISCELANNEOUS PRODUCTS’
4,945,685
19,692,278
29%
23,480,697
8,879,243
2.6
25%
21%
77 MICREL MEDICAL DEVICES S.A.
MISCELLANEOUS PRODUCTS
4,883,435
16,973,012
16%
13,852,432
4,147,846
3.3
29%
35%
78 DANAIS S.A.
FOOD PRODUCTS
4,789,873
24,187,149
42%
18,581,998
8,847,434
2.1
20%
26%
79 ASTERAS S.A.
HOTELS
4,690,228
15,705,515
36%
28,718,678
2,983,429
9.6
30%
16%
80 ESSITY HELLAS S.A.
DETERGENTS - COSMETICS
4,679,457
35,758,993
38%
15,249,660
13,378,687
1.1
13%
31%
81 LAVA MINING & QUARRYING CO. S.A.
MINES
4,588,000
11,598,000
119%
13,304,000
5,359,000
2.5
40%
34%
82 EDPS S.A..
MISCELLANEOUS SERVICES
4,580,564
6,799,061
37%
5,820,274
1,677,689
3.5
67%
79%
83 ANTIPOLLUTION S.A.
SERVICES
4,562,101
16,507,265
5%
16,340,736
2,820,814
5.8
28%
28%
84 MABIZ S.A.
FOOD PRODUCTS
4,450,794
25,969,696
12%
23,276,837
16,112,931
1.4
17%
19%
85 ATRIUM PALACE S.A.
HOTELS
4,439,526
18,411,413
112%
35,488,397
10,442,156
3.4
24%
13%
86 ASTIR VITOGIANNIS BROS S.A.
METAL PRODUCTS
4,388,249
21,511,952
2%
10,467,979
10,352,680
1.0
20%
42%
87 KONSTANTINIDIS BROS S.A.
METAL PRODUCTS
4,313,355
32,872,866
53%
28,557,562
6,974,992
4.1
13%
15%
88 ELECTRA S.A.
HOTELS
4,281,942
10,075,059
11%
10,843,728
1,812,935
6.0
43%
39%
89 SUNWING HOTELS HELLAS S.A.
HOTELS
4,256,816
18,284,758
11%
48,382,757
5,226,839
9.3
23%
9%
90 AHI CARRIER SOUTH EASTERN EUROPE AIR-CONDITIONING S.A.
SANITATION - AIR CONDITIONING
4,228,000
52,978,000
101%
26,248,000
12,260,000
2.1
8%
16%
91 SITISI S.A.
FOOD PRODUCTS
4,161,586
11,890,682
291%
5,460,055
3,730,418
1.5
35%
76%
92 VF HELLAS LTD
CLOTHING
4,141,253
20,318,580
14%
7,750,454
7,726,184
1.0
20%
53%
93 HOSPITAL LINE S.A.
SCIENTIFIC & MEDICAL DEVICES
4,118,739
14,157,890
24%
14,697,709
8,695,936
1.7
29%
28%
94 ALFA AGRICULTURAL SUPPLIES S.A.
CHEMICAL PRODUCTS
4,086,403
47,497,457
9%
17,195,551
16,390,395
1.0
9%
24%
95 KARALIS S.A.
FOOD PRODUCTS
4,032,733
33,208,725
12%
21,436,129
10,889,499
2.0
12%
19%
96 AS COMPANY S.A.
MISCELLANEOUS PRODUCTS
4,030,808
25,070,689
18%
25,567,489
7,897,557
3.2
16%
16%
97 ALPHA ASSET MANAGEMENT S.A.
SERVICES
3,817,504
19,438,594
17%
41,323,547
4,140,790
10.0
20%
9%
98 APOLLONIA HOTEL S.A.
HOTELS
3,771,718
13,921,871
60%
17,697,299
10,861,625
1.6
27%
21%
I 142 I
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA)
DIAMONDS OF THE GREEK ECONOMY
Return On Equity
5,637,232
4.4
10%
15%
36,626,646
13,799,622
2.7
8%
10%
101 ELECTRA S.A.
HOTELS
3,643,014
12,037,392
23%
6,179,701
1,930,680
3.2
30%
59%
102 UPFIELD HELLAS S.A.
FOOD PRODUCTS
3,593,529
56,009,237
56%
20,702,397
9,194,057
2.3
6%
17%
103 GEKE S.A.
HOTELS
3,570,897
10,076,717
30%
48,445,736
18,926,599
2.6
35%
7%
099 - 148
Equity To Liabilities Ratio
24,651,556
12%
Total Liabilities
54%
48,424,467
Equity
36,069,434
3,704,476
Profitability Increase
3,747,516
CHEMICAL PRODUCTS
99 KNAUF S.A.
Sector
Turnover 2017
NON-METALLIC MINERALS
100 ISOMAT S.A.
Company Name
Pre-Tax Income
Net Profit Margin
2019
104 EUROBANK ASSET MANAGEMENT S.A.
MISCELLANEOUS SERVICES
3,459,779
9,034,241
145%
26,352,244
3,534,081
7.5
38%
13%
105 THEODOROU AUTOMATION SAICT
MACHINERY
3,446,309
16,193,789
32%
20,370,642
4,369,919
4.7
21%
17% 34%
106 ACHINOPODI S.A.
HOTELS
3,427,280
7,788,400
58%
10,083,380
3,090,058
3.3
44%
107 PRICELINE BOOKING.COM HELLAS LTD
MISCELLANEOUS SERVICES
3,411,046
8,101,977
27%
2,482,985
804,002
3.1
42% 137%
108 YANNIS S.A.
FOOD PRODUCTS
3,359,817
15,221,071
77%
10,703,793
2,966,975
3.6
22%
31%
109 KNAUF AQUAPANEL S.A.
NON-METALLIC MINERALS
3,322,924
16,668,150
115%
16,719,852
2,405,998
6.9
20%
20%
110 PR. PAVLIDIS S.A.
FOOD PRODUCTS
3,284,942
65,610,389
28%
52,302,648
24,643,208
2.1
5%
6%
111 STERGIOU FAMILY S.A.
FOOD PRODUCTS
3,270,354
25,014,481
25%
11,866,267
7,556,784
1.6
13%
28%
112 3M HELLAS SOLE SHAREHOLDER CO. LTD
MISCELLANEOUS PRODUCTS
3,265,903
35,705,237
26%
10,484,862
8,992,200
1.2
9%
31%
113 SEVEN STARS S.A.
HOTELS
3,237,220
19,472,156
45%
18,191,908
8,695,879
2.1
17%
18%
114 ALUMINIUM THALASSINOS S.A.
MISCELLANEOUS PRODUCTS
3,220,449
22,176,936
21%
12,104,133
4,008,418
3.0
15%
27%
115 INTRACOM DEFENSE ELECTRONICS S.A.
ELECTRICAL SUPPLIES
3,205,824
65,856,157
101%
65,509,546
30,709,271
2.1
5%
5%
116 PORTES MELATHRON S.A.
HOTELS
3,152,388
14,232,504
47%
41,739,938
9,353,666
4.5
22%
8%
117 TECHNIKES EFARMOGES S.A.
-
3,148,465
9,955,403
1%
3,417,552
994,198
3.4
32%
92%
118 STELIOS KANAKIS S.A.
FOOD PRODUCTS
3,129,002
19,742,557
5%
20,624,847
4,183,602
4.9
16%
15%
119 NORTHERN GREECE CERAMICS S.A.
NON-METALLIC MINERALS
3,092,764
24,005,446
46%
44,027,658
33,799,288
1.3
13%
7%
120 OLYMPIA ELECTRONICS S.A.
ELECTRICAL APPLIANCES
3,069,468
16,936,810
7%
9,495,168
8,703,370
1.1
18%
32%
121 REXEKA S.A.
HOTELS
3,041,058
10,830,628
35%
13,439,169
8,953,328
1.5
28%
23%
122 ELTON INTERNATIONAL TRADING CO. S.A.
CHEMICALS - PAINTS
3,008,250
79,252,711
26%
44,722,736
33,091,953
1.4
4%
7%
123 ANASTASSOPOULOS, VAS., S.A.
FOOD PRODUCTS
2,937,408
20,423,083
44%
6,069,612
3,531,964
1.7
14%
48%
124 LOUX MARLAFEKAS S.A.
BEVERAGES - SPIRITS
2,935,614
33,241,947
7%
28,787,747
11,569,170
2.5
9%
10%
125 DIMITROKALIS K. S.A.
HOTELS
2,923,179
6,319,306
19%
18,234,560
10,989,680
1.7
46%
16%
126 NIKOS GLEOUDIS KAVEX S.A.
TOBACCO PRODUCTS
2,916,234
32,939,735
1%
29,388,213
10,136,100
2.9
9%
10%
127 MED FRIGO G. POULIAS - S. BRAKATSELOS S.A.
TRANSPORT COMPANIES
2,892,999
24,329,022
82%
11,759,998
7,601,243
1.5
12%
25%
128 G.B. GEORGAKOPOULOS S.A.
TRANSPORTATION MEANS & SPARE PARTS
2,874,263
19,462,135
5%
13,992,697
4,187,362
3.3
15%
21%
129 HOTOS S.A.
FOOD PRODUCTS
2,861,011
21,836,436
16%
17,677,574
3,229,576
5.5
13%
16%
130 DIL FASHION GROUP S.A.
CLOTHING - FOOTWEAR
2,851,653
12,397,221
44%
5,718,313
2,827,276
2.0
23%
50%
131 MAROULI BROS S.A.
TOURISM ENTERPISES
2,838,186
7,949,134
52%
6,540,528
3,495,474
1.9
36%
43%
132 ΚΑΝΑVΑ S.A.
HOTELS
2,832,020
9,606,159
68%
10,213,863
3,478,022
2.9
29%
28%
133 ZEUS S.A.
HOTELS
2,823,890
8,356,789
19%
8,723,411
1,453,751
6.0
34%
32%
134 ELLINIKO KENTRIKO APOTHETIRIO TITLON S.A.
MISCELLANEOUS SERVICES
2,806,000
10,989,000
47%
40,779,000
7,908,000
5.2
26%
7%
135 ΚΤΕΟ HELLAS S.A.
MISCELLANEOUS SERVICES
2,790,388
8,180,833
6%
4,321,582
558,679
7.7
34%
65%
136 OYSHO HELLAS S.A.
CLOTHING - FOOTWEAR
2,758,190
22,120,046
16%
7,545,167
3,555,388
2.1
12%
37%
137 PERSEUS SPECIALTY FOOD PRODUCTS S.A.
FOOD PRODUCTS
2,753,596
44,862,125
205%
22,702,670
16,691,116
1.4
6%
12%
138 ROUPAS Α. HERACLES LTD
FOOD PRODUCTS
2,747,157
12,908,065
9%
9,582,266
1,618,377
5.9
21%
29%
139 MICHOPOULOS Α. S.A.
CLOTHING
2,732,733
23,820,206
236%
13,653,143
5,621,993
2.4
11%
20%
140 LARIPLAST - TSEREPA BROS S.A.
PLASTICS - RUBBER
2,725,018
18,811,870
7%
19,802,128
11,984,384
1.7
14%
14%
141 POWER HEALTH HELLAS S.A.
SUPPLEMENTS
2,700,692
12,527,083
6%
4,628,150
2,477,558
1.9
22%
58%
142 JOHNSON & JOHNSON CONSUMER S.A.
PHARMACEUTICAL PRODUCTS
2,692,821
52,317,435
90%
28,441,294
17,326,605
1.6
5%
9%
143 KLEFER S.A.
METAL PRODUCTS
2,674,000
19,432,000
58%
13,211,000
4,680,000
2.8
14%
20%
144 KEFALONIA FISHERIES S.A.
AQUACULTURE
2,620,590
30,828,579
10%
19,649,890
13,857,420
1.4
9%
13%
145 AXON ENGINEERING S.A.
METAL PRODUCTS
2,613,500
7,178,735
269%
3,051,562
1,879,465
1.6
36%
86%
146 NIKA S.A.
HOTELS
2,599,760
11,707,653
25%
24,609,158
13,506,151
1.8
22%
11%
147 PAPADOPOULOS Ι. S.A.
FURNITURE - RUGS - LIGHTING
2,584,616
8,606,876
12%
8,988,399
1,585,579
5.7
30%
29%
148 ALUFONT S.A.
METALLURGY
2,572,104
9,718,716
16%
9,899,365
9,747,421
1.0
26%
26%
I 144 I
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA)
DIAMONDS OF THE GREEK ECONOMY
Equity
Total Liabilities
Net Profit Margin
Return On Equity
MEDICAL DEVICES
2,560,889
10,751,320
19%
9,447,125
5,831,597
1.6
24%
27%
150 SKROUTZ S.A.
MISCELLANEOUS SERVICES
2,549,424
10,344,984
233%
4,279,225
2,153,136
2.0
25%
60%
151 MARBELLA S.A.
HOTELS
2,529,960
14,128,863
40%
19,740,033
14,870,911
1.3
18%
13%
152 STEREA KAFSIMA (SOLID FUELS) S.A.
CHEMICAL PRODUCTS
2,523,456
8,767,753
47%
12,701,548
2,805,620
4.5
29%
20%
153 LEGRAND S.A.
ELECTRICAL SUPPLIES
2,479,649
21,488,047
40%
6,269,480
2,179,603
2.9
12%
40%
154 CENTRAL MARKET & FISHERY ORGANIZATIONS (CMFO S.A.)
MISCELLANEOUS
2,464,009
13,878,857
65%
53,328,858
10,677,158
5.0
18%
5%
155 MARE NOSTROUM S.A.
HOTELS
2,451,035
8,167,294
25%
7,700,915
4,341,010
1.8
156 ATTICA TOLLS S.A.
MISCELLANEOUS SERVICES
2,405,979
2,400,000
190%
5,488,871
0
157 ΤΕΑΒ S.A. (MARIS HOTELS)
HOTELS
2,393,910
21,596,081
345%
71,604,431
53,196,981
158 UNILEVER-KNORR S.A.
PHARMACEUTICALS - DETERGENTS
2,349,851
53,152,036
59%
24,384,609
11,265,213
159 PROVIROM LTD
CHEMICAL PRODUCTS
2,345,702
11,996,640
2%
13,030,777
596,294
149 - 198
Sector
Equity To Liabilities Ratio
Turnover 2017
149 MAGIRAS DEVICES S.A.
Company Name
Profitability Increase
Pre-Tax Income
2019
30%
32%
100%
44%
11%
3%
2.2
4%
10%
21.9
20%
18%
1.3
160 HELIOAKMI S.A.
ELECTRICAL APPLIANCES
2,337,513
7,739,396
128%
14,872,001
2,086,406
7.1
30%
16%
161 ELECTRA HOTELS S.A.
HOTELS
2,316,062
7,698,715
121%
14,283,062
5,035,938
2.8
30%
16%
162 KALAVRITA COOP
FOOD PRODUCTS
2,285,431
26,257,360
38%
18,516,828
15,028,897
1.2
9%
12%
163 AQUA VET S.A.
PHARMACEUTICALS - DETERGENTS
2,257,703
6,732,353
55%
2,713,456
1,853,457
1.5
34%
83%
164 LINEA S.A.
APPAREL
2,251,265
9,584,688
48%
7,450,818
2,447,487
3.0
23%
30%
165 DIVANI ACROPOLIS S.A.
HOTELS
2,246,152
8,292,843
56%
21,678,932
2,302,073
9.4
27%
10%
166 BRINKS HERMES S.A.
MISCELLANEOUS
2,231,805
16,705,529
94%
7,784,057
4,702,206
1.7
13%
29%
167 IOANNIDIS TH. S.A.
METALLIC PRODUCTS
2,223,032
27,364,297
6%
18,090,136
15,061,568
1.2
8%
12%
168 PRIVATSEA MARINE SERVICES S.A.
TRANSPORTATION MEANS
2,218,930
3,839,588
94%
19,466,343
7,502,211
2.6
58%
11%
169 VAP P. KOUGIOS S.A.
BEVERAGES
2,209,887
18,575,870
1%
18,869,344
9,182,450
2.1
12%
12%
170 ALPHA TRUST - ANDROMEDA S.A.
MISCELLANEOUS SERVICES
2,181,142
3,179,588
185%
10,833,850
654,454
16.6
69%
20%
171 ENVIRONMENTAL ENGINEERING S.A.
MISCELLANEOUS PRODUCTS
2,148,678
7,659,372
1028%
16,414,494
2,516,773
6.5
28%
13%
172 AEROSERVICES S.A
TRANSPORTATION MEANS & SPARE PARTS
2,104,193
7,913,668
22%
4,118,908
3,563,477
1.2
27%
51%
173 SOFITEL ATHENS AIRPORT HOTEL S.A.
HOTELS
2,100,003
19,009,289
115%
16,244,661
5,068,544
3.2
11%
13%
174 SAKELLARIS P. & CO. S.A.
CLOTHING - FOOTWEAR
2,099,692
8,619,396
27%
7,707,674
535,519
14.4
24%
27%
175 GROUP4 SECURICOR HELLAS S.A.
MISCELLANEOUS SERVICES
2,096,790
2,947,208
48%
15,300,924
1,244,282
12.3
71%
14%
176 GIANNIKAKIS S. S.A.
HOTELS
2,091,668
11,196,797
88%
30,139,641
16,887,074
1.8
19%
7%
177 THRACE PLASTICS S.A.
PLASTICS - RUBBER
2,078,000
8,025,000
568%
72,490,000
20,145,000
3.6
26%
3%
178 LA MARQUISE S.A.
HOTELS
2,072,703
13,362,251
119%
28,623,000
25,963,406
1.1
16%
7%
179 VIOYGEIA Μ. LTD
FOOD PRODUCTS
2,061,119
11,073,036
7%
6,388,498
2,052,842
3.1
19%
32%
180 OMIKRON KAPPA CONSULTING S.A.
CONSTRUCTION COMPANIES
2,053,753
7,707,123
16%
2,475,502
1,946,742
1.3
27%
83%
181 THASSOS FERRIES S.A.
TRANSPORT
2,050,574
5,768,999
37%
22,075,359
564,967
39.1
36%
9%
182 PASSARELLA S.A. (MICHALISTIANOS SP. BROS)
FOOD PRODUCTS
2,014,568
9,036,765
26%
3,786,005
2,907,063
1.3
22%
53%
183 TSAKIRIS MALLAS S.A.
SHOES
2,012,293
25,637,462
61%
11,129,967
9,871,175
1.1
8%
18%
184 ROUSALI BROS S.A.
BEVERAGES - SPIRITS
1,985,582
6,283,832
57%
4,270,265
3,563,785
1.2
32%
46%
185 MEGA SPRINT GUARD S.A.
SERVICES
1,966,695
21,485,075
12%
9,471,991
6,340,933
1.5
9%
21%
186 WATT S.A.
MISCELLANEOUS PRODUCTS
1,956,536
10,777,242
66%
15,813,133
5,128,609
3.1
18%
12%
187 UNIFY S.A.
ELECTRICAL SUPPLIES
1,943,588
12,408,296
70%
9,555,534
8,902,014
1.1
16%
20%
188 VIOLANTA S.A.
FOOD PRODUCTS
1,938,032
12,222,211
21%
8,517,059
4,176,364
2.0
16%
23%
189 BALLIAN TECHNIKI S.A.
-
1,917,126
25,626,190
131%
4,520,231
4,043,740
1.1
7%
42%
190 STRADIVARIUS HELLAS S.A.
CLOTHING - FOOTWEAR
1,915,080
48,798,230
1%
11,993,199
8,380,225
1.4
4%
16%
191 MYCONIAN VILLAS - OKEANIDA S.A.
HOTELS
1,915,049
11,606,270
109%
13,931,202
7,741,329
1.8
17%
14%
192 PORTO PLATANIAS S.A.
HOTELS
1,894,980
11,189,914
37%
14,695,232
14,100,017
1.0
17%
13%
193 MANTOULIDI Ε. S.A.
MISCELLANEOUS SERVICES
1,870,188
7,734,284
10%
5,629,001
3,576,210
1.6
24%
33%
194 DIVANI HOTELS S.A.
HOTELS
1,863,376
2,434,064
45%
14,415,561
2,847,022
5.1
77%
13%
195 ERGODYNAMIKI PATRON S.A.
-
1,860,397
9,285,514
100%
6,287,341
5,491,468
1.1
20%
30%
196 THEOXENIA PALACE S.A.
HOTELS
1,859,063
5,266,599
21%
13,172,747
1,314,187
10.0
35%
14%
197 AEGEON S.A.
HOTELS
1,849,209
8,028,190
31%
14,892,619
4,969,622
3.0
23%
12%
198 Ι. Κ. CINEMATOGRAPHY & ΤELEVISION PRODUCTIONS S.A.
MISCELLANEOUS SERVICES
1,819,713
6,445,980
32%
2,565,740
1,923,347
1.3
28%
71%
I 146 I
The Greek Economy, now more than ever, needs modern, extrovert companies who take action actively in world affairs. Greek businessmen have the ideas and the enterprising spirit needed in order to expand abroad. For safety in world markets, precious and reliable allies are needed. ECIO’s mission is to effectively contribute to a further development of the “Extroversion” of the Greek Economy. The Export Credit Insurance Organization (E.C.I.O.), supervised by the Ministry of Economy & Development, is the one and only Greek Export Credit Insurance Agency that offers insurance all over the world, even in “high risk” countries. It covers Commercial & Political risk up to 95% for Exports & Construction Works with a competitive premium and the Greek State Guarantee. Wishing to expand its key role in the sector of exports, through the “ECIO - Extroversion” program, insurance in ECIO consists a tool for direct financing for the Greek export companies. 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.
Planning your next steps abroad, contact us and learn more about Exports and Construction Works Insurance & Financing schemes:
Athens Head Office:
57, Panepistimiou Ave. 105 64, Athens, Greece Tel: +30 211 9966200 Email: oaep@oaep.gr
www.oaep.gr
Thessaloniki Branch:
51, Polytechniou & V. Hugo str. 546 25, Thessaloniki, Greece Tel: +30 2310 548718 Email: eciothes@oaep.gr
ECIO is a member of the Berne Union’s “Prague Club”, the Global Association for Export Credit and Investment Insurers
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA)
DIAMONDS OF THE GREEK ECONOMY
Return On Equity
4,559,250
625,057
7.3
36%
40%
59%
6,527,807
1,856,191
3.5
19%
28%
201 SARMED S.A.
LOGISTICS
1,806,882
22,608,940
461%
50,600,286
14,536,630
3.5
8%
4%
202 ASPIS S.A. (DEDES CON.)
FOOD PRODUCTS
1,786,811
37,653,403
78%
48,262,564
14,997,424
3.2
5%
4%
203 FCA CAPITAL HELLAS S.A. (ex FIAT CREDIT HELLAS )
TRANSPORTATION MEANS & SPARE PARTS
1,783,228
47,445,848
15%
52,610,954
10,465,329
5.0
4%
3%
204 POULIOS MARBLES S.A.
NON-METALLIC MINERALS
1,779,777
5,478,110
56%
3,601,685
1,733,271
2.1
32%
49%
205 ATHENS AIRPORT JET FUEL PIPELINE COMPANY S.A.
TRANSPORT
1,768,677
3,768,942
29%
9,390,505
3,377,539
2.8
47%
19%
206 METHIL S.A.
HOTELS
1,750,676
4,155,165
7%
16,985,655
2,220,487
7.6
42%
10%
207 ROLOPAK S.A.
MISCELLANEOUS PRODUCTS
1,749,573
7,033,613
13%
4,133,125
3,404,550
1.2
25%
42%
208 DUPONT HELLAS S.A.
CHEMICALS - PAINTS
1,742,163
16,174,287
21%
5,609,813
3,631,126
1.5
11%
31%
209 NAUPIGOPLASTIKI S.A.
TRANSPORTATION MEANS
1,733,088
3,663,875
26%
6,337,558
1,554,261
4.1
47%
27%
210 KIANI AKTI S.A.
HOTELS
1,730,856
7,856,750
52%
11,448,811
7,689,003
1.5
22%
15%
211 VOLOS PORT AUTHORITY S.A.
PORT
1,728,251
5,155,947
11%
15,607,707
1,532,464
10.2
34%
11%
212 TEKA SYSTEMS S.A.
INFORMATION TECHNOLOGY
1,722,798
18,715,749
15%
6,134,115
5,472,876
1.1
9%
28%
199 - 249
Equity To Liabilities Ratio
69%
9,441,976
Total Liabilities
4,988,391
1,813,598
Equity
1,815,719
HOTELS
Profitability Increase
FOOD PRODUCTS
200 STANLEY S.A.
Sector
Turnover 2017
199 TOUMPOURLEKAS GEORGIOS S.A.
Company Name
Pre-Tax Income
Net Profit Margin
2019
213 Μ.Ε.ΤΕ. S.A.
MINES
1,716,053
14,240,873
71%
12,549,182
4,742,274
2.6
12%
14%
214 VOGIATZOGLOU SYSTEMS S.A.
MISCELLANEOUS PRODUCTS
1,704,000
16,186,000
21%
13,953,000
5,263,000
2.7
11%
12%
215 MYRINA BEACH HOTEL S.A.
HOTELS
1,688,063
3,689,637
20%
8,385,047
3,382,374
2.5
46%
20%
216 U.T.C. S.A.
TRANSPORT
1,687,773
2,857,045
33%
4,408,690
894,562
4.9
59%
38%
217 PETRIDIS S.A.
ELECTRICAL DEVICES
1,613,571
10,333,240
56%
10,470,977
2,709,199
3.9
16%
15%
218 CHEFARMA PHARMACEUTICALS LTD
CHEMICALS - PAINTS
1,610,884
5,041,163
5%
4,361,145
1,208,369
3.6
32%
37%
219 SEALED AIR HELLAS S.A.
PLASTICS - RUBBER
1,608,768
8,126,750
30%
5,034,505
3,410,152
1.5
20%
32%
220 GENESIS ATHENS S.A.
MEDICAL SERVICES
1,601,543
7,144,416
30%
6,926,911
1,964,426
3.5
22%
23%
221 KOURTOGLOU “ALFA MACHINE” S.A.
MACHINERY
1,599,829
4,156,336
14%
3,191,564
1,878,548
1.7
38%
50%
222 AMALTHEIA S.A.
FOOD PRODUCTS
1,597,214
14,655,611
94%
7,470,885
4,453,072
1.7
11%
21%
223 GREEN IMPORT LTD
FOOD PRODUCTS
1,579,172
7,260,482
25%
4,808,069
937,979
5.1
22%
33%
224 GEOAPODOSI S.A.
-
1,557,843
2,944,172
3887%
1,616,888
899,214
1.8
53%
96%
225 SIRIOS VILLAGES.A.
HOTELS
1,553,578
4,170,928
8%
13,724,273
2,664,744
5.2
37%
11%
226 C. ZONAS S.A.
MACHINERY
1,525,774
6,129,073
10%
8,777,122
1,748,935
5.0
25%
17%
227 AEGEAN MELATHRON S.A.
HOTELS
1,525,525
13,900,803
237%
15,314,714
14,729,783
1.0
11%
10%
228 VIOLIAP S.A.
-
1,511,578
5,456,929
211%
4,587,133
2,622,807
1.7
28%
33%
229 KTIMA GEROVASSILIOU S.A.
BEVERAGES
1,501,527
6,229,533
43%
12,866,551
3,424,013
3.8
24%
12%
230 MOUSSAMAS BROS S.A. (ATHENS HOLIDAY INN)
HOTELS
1,492,580
13,951,631
6%
16,105,737
4,852,831
3.3
11%
9%
231 FRONTIS S.A.
MEDICAL SERVICES
1,476,979
5,340,794
44%
3,754,699
3,057,706
1.2
28%
39%
232 EVIOP-TEMPO S.A.
ELECTRICAL SUPPLIES
1,476,638
29,166,030
32%
17,859,414
3,193,822
5.6
5%
8%
233 ZISIMOPOULOS S. S.A.
HOTELS
1,461,711
4,741,084
41%
9,992,102
1,525,457
6.6
31%
15%
234 REDESTOS S.A.
CHEMICAL PRODUCTS
1,449,968
1,399,436
2562%
9,746,123
2,412,606
4.0
104%
15%
235 CORFU PORT ORGANISATION S.A.
TRANSPORT COMPANIES
1,436,296
3,371,293
43%
7,720,169
2,430,564
3.2
43%
19%
236 EVOL - EAS VOLOU
AGRICULTURAL ENTERPRISES
1,430,066
16,724,919
3%
6,782,145
6,452,247
1.1
9%
21%
237 RIO BEACH - ARMONIA AE
HOTELS
1,428,323
5,075,177
15%
9,479,790
5,692,058
1.7
28%
15%
238 PPG HELLAS S.A.
CHEMICAL - PAINTS
1,425,160
12,017,107
51%
7,347,394
2,415,655
3.0
12%
19%
239 NEOGAL S.A.
FOOD PRODUCTS
1,413,670
15,581,044
103%
23,044,502
4,220,079
5.5
9%
6%
240 PROVIL S.A.
FOOD PRODUCTS
1,398,280
7,771,233
60%
4,355,404
4,138,301
1.1
18%
32%
241 ATHENAEUM INTERCONTINENTAL HOTEL
HOTELS
1,396,862
26,019,507
960%
46,659,123
28,585,082
1.6
5%
3%
242 DAKON S.A.
MISCELLANEOUS SERVICES
1,381,928
3,094,719
11%
16,003,804
4,375,701
3.7
45%
9%
243 COMPUTER TEAM S.A.
IT
1,380,436
2,953,665
25%
5,433,769
1,715,612
3.2
47%
25%
244 SERVIER HELLAS PHARMACEUTIQUE LTD
PHARMACEUTICALS - COSMETICS
1,380,312
25,737,434
11%
10,215,807
4,750,850
2.2
5%
14%
245 ELVE APPAREL S.A.
APPAREL
1,366,820
7,380,025
60%
17,233,292
3,851,480
4.5
19%
8%
246 I.B.S. S.A.
PLASTICS - RUBBER
1,339,580
12,636,300
144%
6,563,138
5,066,483
1.3
11%
20%
247 MAKRYDAKIS S.A.
FOOD PRODUCTS
1,332,315
18,620,134
7%
5,294,055
3,850,741
1.4
7%
25%
248 ENDOSKOPIKI S.A.
MEDICAL DEVICES
1,328,080
6,381,034
3%
4,321,928
2,844,977
1.5
21%
31%
249 SIVA TRAVEL S.A.
TRAVEL AGENCY
1,327,185
20,135,106
120%
1,796,203
854,725
2.1
7%
74%
I 148 I
DIAMONDS OF THE GREEK ECONOMY
Net Profit Margin
Return On Equity
484%
11,502,779
3,431,587
3.4
16%
11%
50%
6,164,531
2,776,072
2.2
24%
21%
252 ATEX S.A.
HOTELS
1,288,963
2,841,524
10%
6,174,893
838,172
7.4
45%
21%
253 GIORMANI V. LTD
CHEMICALS - PAINTS
1,282,741
15,453,630
21%
3,282,060
3,163,236
1.0
8%
39%
254 G4S CASH SOLUTIONS S.A.
MISCELANNEOUS SERVICES
1,280,545
25,170,887
8%
11,696,495
4,484,277
2.6
5%
11%
250 - 300
Total Liabilities
8,168,918 5,432,948
Equity
1,310,407 1,289,203
Profitability Increase
SPIRITS HOTELS
Sector
Turnover 2017
250 UNION OF SANTORINI COOPERATIVES (SANTO WINES) 251 KARAMOLEGKOS G. & Ε. S.A.
Company Name
Pre-Tax Income
Equity To Liabilities Ratio
2019
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA)
255 STERILIZATION S.A.
MISCELANNEOUS SERVICES
1,279,836
3,215,430
9%
2,318,249
1,639,195
1.4
40%
55%
256 TECHNOCAN S.A.
METAL PRODUCTS
1,278,626
10,423,268
1%
14,185,345
3,841,752
3.7
12%
9%
257 HELIOS PALLAS S.A.
HOTELS
1,278,000
7,033,505
7%
17,157,321
2,311,053
7.4
18%
7%
258 TELEFLEX MEDICAL HELLAS S.A.
MEDICAL DEVICES
1,271,168
7,098,387
45%
9,862,814
1,032,684
9.6
18%
13%
259 FALIRAKI S.A.
HOTELS
1,270,122
6,820,362
205%
25,397,743
18,712,854
1.4
19%
5%
260 PERNOD RICARD HELLAS S.A.
SPIRITS
1,267,205
40,633,814
393%
24,201,142
18,092,078
1.3
3%
5%
261 ATLANTIDA S.A.
HOTELS
1,263,620
11,717,416
125%
10,686,916
7,576,083
1.4
11%
12%
262 PILAVAS DISTILLERY S.A.
SPIRITS
1,263,589
2,959,350
5%
2,416,623
982,358
2.5
43%
52%
263 TCK S.A.
CHEMICALS - PAINTS
1,262,013
9,627,935
9%
2,171,947
1,416,386
1.5
13%
58%
264 PAREX S.A.
SHOES
1,255,138
8,796,436
14%
8,880,909
6,011,670
1.5
14%
14%
265 THEMELI S.A.
TECHNICAL - CONSTRUCTIONS
1,253,274
27,892,052
79%
26,137,190
15,332,154
1.7
4%
5%
266 APOSTOLIDES S.A.
ELECTRICAL DEVICES
1,243,590
10,861,726
97%
10,783,102
2,042,024
5.3
11%
12%
267 TAKEDA HELLAS S.A.
PHARMACEUTICALS
1,235,473
34,700,009
29%
18,242,541
12,333,964
1.5
4%
7%
268 PALAMIDIS L. - SONS D. TELONI S.A.
FOOD PRODUCTS
1,234,747
6,795,343
1%
3,722,252
1,239,823
3.0
18%
33%
269 MANTZAVELAKIS Α. S.A. (SAINT GEORGE LYCABETTUS)
HOTELS
1,230,117
6,824,729
67%
5,616,775
1,449,628
3.9
18%
22%
270 HERMES GREECE S.A.
APPAREL
1,228,039
8,376,393
39%
3,167,759
2,606,380
1.2
15%
39%
271 EPSEM S.A.
SANITATION - AIR CONDITIONING
1,207,562
8,545,875
86%
5,881,138
741,552
7.9
14%
21%
272 BRIGHT SPECIAL LIGHTING S.A.
FURNITURE - RUGS - LIGHTING
1,205,702
14,986,314
94%
15,875,385
5,107,353
3.1
8%
8%
273 FORMANO SOLAR ALMYROU ENERGEIAKI S.A.
ENERGY
1,204,595
2,962,118
7%
8,640,719
5,398,680
1.6
41%
14%
274 DENTSU AEGIS NETWORK HELLAS S.A.
ADVERTISING ENTERPRISES
1,186,888
7,252,646
8%
7,308,206
2,991,551
2.4
16%
16%
275 INEX MEDICAL S.A.
MEDICAL DEVICES
1,177,356
6,168,550
11%
5,307,980
1,622,490
3.3
19%
22%
276 RETHYMNO S.A.
HOTELS
1,175,990
5,130,068
84%
11,884,713
4,886,293
2.4
23%
10%
277 TRITON ASSET MANAGEMENT S.A.
FINANCIAL SERVICES
1,158,570
3,023,002
74%
4,256,294
581,720
7.3
38%
27%
278 KALOGIROU Ι. BROS S.A.
FOOD PRODUCTS
1,152,583
10,733,600
13%
6,908,959
4,865,163
1.4
11%
17%
279 LOUTAS S.A.
FOOD PRODUCTS
1,149,673
8,567,866
26%
5,325,916
904,056
5.9
13%
22%
280 MOURIKIS S.A.
WOOD
1,148,563
21,074,986
9%
18,785,502
3,093,443
6.1
5%
6%
281 INFORMATION SYSTEMS IMPACT S.A.
IT
1,145,751
2,159,239
58%
2,160,276
512,963
4.2
53%
53%
282 ANDROMEDA S.A.
HOTELS
1,143,952
3,201,692
33%
4,646,721
4,000,724
1.2
36%
25%
283 EDISION HELLAS LTD
ELECTRICAL SUPPLIES
1,139,652
8,489,368
42%
4,481,645
1,493,996
3.0
13%
25%
5%
4%
284 EKME S.A.
MACHINES - DEVICES
1,134,436
25,006,697
4660%
28,111,241
7,921,384
3.5
285 WEALTH FINANCIAL SERVICES S.A.
FINANCIAL SERVICES
1,131,952
2,232,194
6%
824,923
597,019
1.4
51% 137%
286 DROSOS A. S.A.
HOTELS
1,122,003
2,811,028
52%
3,739,151
2,135,471
1.8
40%
30%
287 PAPADEAS S.A.
MACHINES
1,121,699
10,366,369
20%
2,765,570
1,380,627
2.0
11%
41%
288 PHARMASEPT S.A.
PHARMACEUTICALS - COSMETICS
1,118,998
5,650,653
16%
3,414,546
1,860,396
1.8
20%
33%
289 TZANIDIS S.A.
FOOD PRODUCTS
1,117,341
14,030,971
6%
9,588,987
397,272
24.1
8%
12%
290 ILIA AR. LTD
MISCELANNEOUS SERVICES
1,108,791
9,889,575
82%
6,156,407
2,787,592
2.2
11%
18%
291 ALEXAKIS J., SOLE SHAREHOLDER Co. LTD
FOOD PRODUCTS
1,105,028
12,751,396
4%
3,967,938
1,421,190
2.8
9%
28%
292 SKOURAS S.A.
BEVERAGES
1,099,660
4,430,345
14%
5,450,769
2,833,164
1.9
25%
20%
293 GOLD STAR AVIATION LTD
AIRLINES
1,097,526
2,137,154
6%
818,651
82,942
9.9
51% 134%
294 FLUIDRA S.A.
MACHINERY
1,095,544
6,818,987
35%
4,620,486
969,243
4.8
16%
24%
295 POLYSONS FOOD INGREDIENTS LTD
FOOD PRODUCTS
1,088,440
4,152,372
11%
3,908,610
1,024,971
3.8
26%
28%
296 HELLENIC ENVIRONMENTAL CENTER S.A.
MISCELANNEOUS SERVICES
1,079,768
21,674,214
595%
6,015,154
4,445,818
1.4
5%
18%
297 TEPSE TECHNIKI PSIKTIKI S.A.
MACHINERY
1,078,390
6,725,538
6%
6,761,552
1,025,251
6.6
16%
16%
298 KOPAIS S.A.
FOOD PRODUCTS
1,073,708
24,552,986
109%
21,051,510
10,432,299
2.0
4%
5%
299 PHARMASWISS HELLAS S.A.
PHARMACEUTICALS - COSMETICS
1,073,327
23,096,787
34%
9,459,775
8,469,005
1.1
5%
11%
300 PIRAEUS ASSET MANAGEMENT S.A.
FINANCIAL SERVICES
1,073,093
6,553,504
71%
10,187,036
923,727
11.0
16%
11%
I 150 I
I 151 I
DIAMONDS OF THE GREEK ECONOMY
Net Profit Margin
Return On Equity
12%
7,021,679
361,852
19.4
67%
15%
302 PIAGGIO HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
1,062,383
23,014,985
35%
4,473,926
3,169,307
1.4
5%
24%
303 HARDALIS CHRISTOS SONS S.A.
METAL PRODUCTS
1,059,410
17,117,321
44%
4,546,556
3,846,902
1.2
6%
23%
304 HYDROFIRE LTD
SANITATION - AIR CONDITIONING
1,054,922
6,083,441
20%
4,104,954
1,151,237
3.6
17%
26%
305 OSTEOCELL S.A.
SCIENTIFIC & MEDICAL DEVICES
1,040,254
2,600,848
43%
19,524,714
1,141,001
17.1
40%
5%
306 ΝΕΟΤΕΧ S.A.
CHEMICALS - PAINTS
1,035,814
9,125,800
25%
6,234,659
2,905,339
2.1
11%
17%
307 Ν. & Κ. GOLIOPOULOS S.A.
CONSTRUCTIONS
1,023,443
3,011,650
69%
4,606,333
2,750,601
1.7
34%
22%
308 PAPAIOANNOU N. BORS. S.A.
HOTELS
1,006,205
2,833,716
14%
6,038,057
1,022,798
5.9
36%
17%
309 VLACHAKIS S.A.
FOOD PRODUCTS
1,004,013
11,216,764
62%
7,589,844
4,457,728
1.7
9%
13%
310 TUV HELLAS (TUV NORD) S.A.
MISCELANNEOUS SERVICES
1,004,011
9,663,572
151%
3,454,608
3,043,888
1.1
10%
29%
311 HELM HELLAS S.A.
METAL PRODUCTS
1,000,152
5,446,899
12%
5,132,474
3,290,982
1.6
18%
19%
312 FOUFAS BROS S.A.
FOOD PRODUCTS
998,526
9,234,282
65%
5,718,182
1,411,247
4.1
11%
17%
313 LEISURE HOTELS S.A.
HOTELS
995,241
2,035,679
15%
1,721,653
1,004,674
1.7
49%
58%
314 TRIUMPH INTERNATIONAL S.A.
CLOTHING - FOOTWEAR
994,000
18,897,000
108%
9,518,000
4,253,000
2.2
5%
10%
315 WEIDENHAMMER HELLAS S.A.
PAPER
991,254
6,185,952
54%
4,108,152
2,018,137
2.0
16%
24%
316 PAPADIMITRIOU S.A.
FOOD PRODUCTS
991,098
4,186,323
24%
4,414,841
455,630
9.7
24%
22%
317 SALMANIDIS PR. S.A.
PLASTICS - RUBBER
988,451
5,600,855
49%
5,712,806
1,273,051
4.5
18%
17%
318 CRETAN ANIMAL FEED S.A.
FOOD PRODUCTS
986,047
16,023,635
1%
3,597,083
3,014,226
1.2
6%
27%
319 EVEXIA S.A.
MEDICAL SERVICES
985,347
5,754,867
110%
5,916,848
1,838,360
3.2
17%
17%
320 CLARIANT HELLAS S.A.
CHEMICAL PRODCUTS
980,065
10,331,916
29%
5,103,312
1,512,679
3.4
9%
19%
321 CHORDAKIOU QUARRIES S.A.
NON-METALLIC MINERALSS
977,749
1,908,739
65%
4,158,379
330,193
12.6
51%
24%
322 STATHATOS E. S.A.
PUBLICATIONS - PRINTING
975,994
2,269,200
6%
6,192,175
579,996
10.7
43%
16%
301 - 351
Total Liabilities
1,591,840
Equity
1,071,794
Profitability Increase
MISCELANNEOUS SERVICES
Sector
Turnover 2017
301 EUROGROUP - EUROPEAN INVESTMENT GROUP LTD
Company Name
Pre-Tax Income
Equity To Liabilities Ratio
2019
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA)
323 MAGNA GROUP S.A.
TOURISM ENTERPRISES
973,694
9,323,354
117%
1,368,202
1,107,516
1.2
10%
71%
324 PEGASOS S.A.
FOOD PRODUCTS
970,044
9,520,667
6%
6,912,244
1,350,250
5.1
10%
14%
325 IWECO CHONOS CRETE S.A.
ENERGY
965,000
1,330,000
7%
7,162,000
1,224,000
5.9
73%
13%
326 PATAKIS S. S.A.
PUBLICATIONS - PRINTING
962,952
12,573,039
14%
17,421,728
8,077,895
2.2
8%
6%
327 TSAKIRIS S.A.
FOOD PRODUCTS
962,400
10,417,300
212%
4,628,500
3,514,100
1.3
9%
21%
328 AIFORIKI DODECANISOU S.A.
ENERGY
952,223
1,498,370
7%
4,807,911
2,233,730
2.2
64%
20%
329 DAMMA HOLDINGS S.A.
HOLDINGS
951,974
5,428,642
33%
13,771,304
5,536,291
2.5
18%
7%
330 SMARTEC S.A.
MISCELANNEOUS SERVICES
950,409
11,668,847
109%
1,883,802
853,921
2.2
8%
50%
331 SIDMETAL S.A.
METAL PRODUCTS
946,315
28,653,432
32%
9,390,474
9,114,037
1.0
3%
10%
332 OLYMPIC MARINE S.A.
TRANSPORTATION MEANS
940,655
3,747,345
23%
16,933,734
8,678,287
2.0
25%
6%
333 XRISTIDIS I. BROS S.A.
CHEMICALS - PAINTS
927,180
7,082,731
93%
4,596,020
3,288,032
1.4
13%
20%
334 PASCAL PACKAGING SYSTEMS S.A.
MACHINERY
926,830
4,969,128
32%
1,810,493
1,228,994
1.5
19%
51%
335 BILLIA S.A.
SPIRITS
925,827
4,180,594
12%
4,717,521
1,613,447
2.9
22%
20%
336 METLIFE S.A.
INVESTMENT COMPANIES
925,547
2,820,403
56%
2,285,565
429,702
5.3
33%
40%
337 VIOSPIRAL S.A.
SANITATION - AIR CONDITIONING
917,480
13,460,475
14%
4,994,875
4,917,874
1.0
7%
18%
338 PHOENICIA FEREOS HELLAS S.A.
MISCELANNEOUS PRODUCTS
912,931
6,138,742
35%
2,711,947
1,428,298
1.9
15%
34%
339 ERGODOMI S.A.
CONSTRUCTIONS
912,484
9,196,444
410%
11,737,303
6,912,903
1.7
10%
8%
340 STAFILOPATIS N. S.A.
MACHINERY
908,995
3,182,067
19%
2,284,783
966,399
2.4
29%
40%
341 GOLDEN CARGO S.A.
REMOVALS
903,817
18,624,857
51%
6,141,378
2,823,948
2.2
5%
15%
342 GREEK AIR CARGO S.A.
REMOVALS
903,262
25,142,832
2%
2,013,486
1,817,485
1.1
4%
45%
343 GLASSART S.A.
PLASTICS - RUBBER
900,836
6,037,433
97%
4,566,155
2,229,878
2.0
15%
20%
344 CONSTANTINIDIS, A. C., CHOCOLATE MANUFACTURING ASTIR S.A.
FOOD PRODUCTS
893,927
5,754,342
3%
4,186,340
1,616,730
2.6
16%
21%
345 GEFYRA S.A.
MISCELANNEOUS SERVICES
877,770
4,850,265
38%
2,277,248
1,092,292
2.1
18%
39%
346 KOUTSOURADIS HOTELS S.A.
HOTELS
873,546
2,354,757
88%
5,132,651
554,037
9.3
37%
17%
347 SCANDINAVIAN NEAR EAST AGENCY S.A.
REMOVALS
865,460
2,609,599
293%
12,434,292
2,479,138
5.0
33%
7%
348 WEISS HELLAS INTERNA S.A.
AGRICULTURAL ENTERPRISES
864,651
3,231,006
58%
2,933,344
1,251,325
2.3
27%
29%
349 ANTHOULAKIS S.A.
REMOVALS
863,034
5,900,930
87%
1,843,493
1,153,773
1.6
15%
47%
350 SOLERGON S.A.
CONSTRUCTIONS
859,636
9,890,631
133%
11,028,016
6,383,080
1.7
9%
8%
351 VOGIAGIS ENERGY S.A.
ENERGY
857,472
1,863,370
16%
12,286,906
2,199,495
5.6
46%
7%
I 152 I
I 153 I
352 - 401
Return On Equity
Net Profit Margin
Equity To Liabilities Ratio
Total Liabilities
Equity
Sector
Profitability Increase
Company Name
Turnover 2017
2019
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA) Pre-Tax Income
DIAMONDS OF THE GREEK ECONOMY
352 TECHNIKI ANAPTYXI S.A.
CONSTRUCTIONS
853,743
4,435,366
3695%
2,894,026
1,440,248
2.0
19%
30%
353 TIEMME HELLAS S.A.
MACHINERY
853,515
6,653,399
160%
1,270,764
1,064,010
1.2
13%
67%
354 CISCO SYSTEMS HELLAS S.A.
IT
853,430
8,541,143
17%
3,402,642
1,651,947
2.1
10%
25%
355 ATREUS LTD
EQUIPMENT
848,872
6,012,738
61%
3,184,405
1,888,890
1.7
14%
27%
356 ROIKOS S.A.
CONSTRUCTIONS
846,662
1,990,901
303%
2,420,793
690,650
3.5
43%
35%
357 ΟΒΑΚΙΜΙΑΝ S.A.
FOOD PRODUCTS
845,626
9,997,183
6%
4,169,496
1,879,885
2.2
8%
20%
358 MST TASTSIAN S.A.
PLASTICS - RUBBER
844,544
4,373,471
59%
2,527,836
1,884,082
1.3
19%
33%
359 ORANGE BUSINESS SERVICES HELLAS S.A.
TELECOMMUNICATIONS
843,876
3,913,355
275%
4,150,061
3,896,985
1.1
22%
20%
360 KAPELIS S.A.
PAPER
843,601
5,450,826
6%
2,026,558
1,471,948
1.4
15%
42%
361 ETTLI S.A.
REMOVALS
842,029
3,420,111
54%
1,186,916
436,250
2.7
25%
71%
362 SIGMA & KAPA EISSAGOGIKI S.A.
ELECTRICAL SUPPLIES
841,096
3,306,313
17%
1,869,548
1,611,701
1.2
25%
45%
363 CITY HOTEL THESSALONIKI S.A.
HOTELS
840,832
5,191,902
14%
10,479,378
3,450,599
3.0
16%
8%
364 A.S.D. FINANCIAL CONSULTANTS S.A.
MISCELANNEOUS SERVICES
840,354
2,929,472
418%
2,064,495
1,229,666
1.7
29%
41%
365 GENERAL COMMERCIAL & INDUSTRIAL S.A.
MISCELLANEOUS PRODUCTS
838,668
18,908,850
2%
20,523,844
5,712,263
3.6
4%
4%
366 DIOPAS S.A.
MISCELLANEOUS PRODUCTS
838,254
4,641,038
19%
5,237,478
838,601
6.2
18%
16%
367 FUJIFILM HELLAS S.A.
MISCELLANEOUS PRODUCTS
834,018
8,137,950
31%
6,545,682
3,318,093
2.0
10%
13%
368 THESSALIKO TRIKALON S.A.
FOOD PRODUCTS
831,817
7,002,661
41%
8,098,884
1,428,170
5.7
12%
10%
369 ACHTIDA EVANG. KOUVRAKIS S.A.
SUPERMARKET
828,792
8,048,267
21%
4,256,178
990,549
4.3
10%
19%
370 LAVRIO PORT AUTHORITY S.A.
REMOVALS
822,279
3,272,936
6%
3,961,961
1,537,470
2.6
25%
21%
371 ETS EVENTS & TRAVEL SOLUTIONS S.A.
CONGRESS ORGANIZERS
822,274
6,599,419
17%
1,389,081
1,270,167
1.1
12%
59%
372 LESVOS DAIRY S.A.
FOOD PRODUCTS
820,390
9,875,977
63%
5,258,257
3,639,061
1.4
8%
16%
373 VERMION COLD STORAGE P. STAMATOPOULOS S.A.
MISCELLANEOUS PRODUCTS
820,324
1,446,556
9%
3,118,496
314,482
9.9
57%
26%
374 TNS ICAR S.A.
MISCELANNEOUS SERVICES
815,001
5,889,577
49%
2,399,355
2,207,766
1.1
14%
34%
375 TAHMINTZOGLOU A. S.A.
MISCELLANEOUS PRODUCTS
810,300
4,250,653
10%
3,074,879
588,656
5.2
19%
26%
376 PANAGIOTAKIS K. PANAGIOTIS LTD
MISCELANNEOUS SERVICES
809,628
1,754,606
17%
1,132,840
647,182
1.8
46%
71%
377 PROKAR S.A.
TRANSPORTATION MEANS & SPARE PARTS
809,323
4,777,268
7%
4,430,846
3,192,118
1.4
17%
18%
378 COMPUTER CONTROL SYSTEMS ENGINEERING RESEARCH & DESING S.A.
IT
808,790
2,032,068
116%
2,420,998
584,648
4.1
40%
33%
379 COSMARCO HEALLS S.A.
SANITATION - AIR CONDITIONING
808,403
10,489,160
1%
7,713,063
5,182,846
1.5
8%
10%
380 I.P. ANAGNOSTAKOS’ SONS S.A.
FOOD PRODUCTS
808,150
6,862,206
84%
7,169,979
1,029,433
7.0
12%
11%
381 FRESENIUS KABI HELLAS S.A.
PHARMACEUTICALS - COSMETICS
802,394
9,235,758
4524%
1,582,359
980,105
1.6
9%
51%
382 PAPADOPOULOS PANTELIS S.A.
MACHINERY
799,619
24,639,604
2%
22,631,397
13,022,059
1.7
3%
4%
383 RECYCLING MESSINIAS S.A.
MISCELLANEOUS PRODUCTS
796,462
2,375,614
771%
2,105,128
524,252
4.0
34%
38%
384 MARGARIS P.&L. S.A.
HOTELS
793,901
3,074,785
279%
5,044,678
3,069,381
1.6
26%
16%
385 MATALON A. - E. TZAFOU S.A.
OFFICE SUPPLIES
792,822
13,464,759
35%
7,371,724
7,162,369
1.0
6%
11%
386 AMERICAN MOTORS - CH. PILALIS S.A.
ELECTRICAL APPLIANCES
787,494
2,777,613
16%
3,811,343
539,275
7.1
28%
21%
387 GRIVAS PUBLICATIONS S.A.
PUBLICATIONS - PRINTING
786,853
3,739,913
36%
6,557,936
882,383
7.4
21%
12%
388 KAPELOS DIESELS S.A.
ELECTRICAL SUPPLIES
786,669
4,303,582
19%
2,557,671
539,204
4.7
18%
31%
389 FOREL S.A.
CLOTHING - FOOTWEAR
784,429
6,417,792
9%
4,765,771
2,922,377
1.6
12%
16%
390 ELINCO S.A.
CONSTRUCTIONS
779,888
4,216,162
317%
2,944,008
1,256,194
2.3
18%
26%
391 UHU-BISON HELLAS LTD
CHEMICAL PRODUCTS - PAINTS
779,644
5,498,838
24%
2,102,957
1,288,433
1.6
14%
37%
392 PAROYSIASI HOME EQUIPMENT S.A.
FURNITURE - RUGS - LIGHTING
777,967
11,156,826
22%
15,898,937
1,847,922
8.6
7%
5%
393 DOKA HELLAS KALOUPOTECHNIKI TECHNOLOGIKI S.A.
BUILDING MATERIALS
763,557
4,592,969
51%
4,567,936
2,314,482
2.0
17%
17%
394 FROST LINE S.A.
EQUIPMENT
763,190
4,750,265
54%
2,084,341
1,833,010
1.1
16%
37%
395 PENETRON HELLAS S.A.
BUILDING MATERIALS
757,377
4,396,105
107%
1,583,555
960,967
1.6
17%
48%
396 POLYVOTIS S.A.
HOTELS
750,926
2,752,521
89%
5,231,744
128,268
40.8
27%
14%
397 PAPPOU I.G. S.A.
SUPERMARKET
742,867
19,083,137
6%
7,373,523
4,844,902
1.5
4%
10%
398 EMBRYOGENESIS MEDICAL S.A.
MEDICAL SERVICES
742,280
3,384,908
21%
3,262,722
741,906
4.4
22%
23%
399 AKROTIRI BEACH S.A.
HOTELS
739,596
3,203,035
6%
9,720,312
352,501
27.6
23%
8%
400 MILTOPLAST S.A.
PLASTICS - RUBBER
739,548
3,360,808
176%
4,359,490
1,014,094
4.3
22%
17%
401 RODA S.A.
PLASTICS - RUBBER
731,688
6,867,158
86%
3,960,452
2,436,011
1.6
11%
18%
I 154 I
DIAMONDS OF THE GREEK ECONOMY
Net Profit Margin
Return On Equity
100%
1,834,751
463,428
4.0
31%
39%
37%
6,927,436
2,221,856
3.1
9%
10%
404 PATSALAS INOX MARKET S.A.
METALURGICAL
721,582
7,887,261
58%
4,901,211
1,015,893
4.8
9%
15%
405 DOUROS K. S.A.
HOTELS
720,656
1,748,030
59%
3,944,713
333,202
11.8
41%
18%
402 - 450
Total Liabilities
2,344,180 7,924,946
Equity
723,848 721,674
Profitability Increase
PUBLICATIONS - PRINTING MISCELANNEOUS SERVICES
Sector
Turnover 2017
402 WHALE GRAPHICS S.A. 403 KASTELORIZO GROUP S.A.
Company Name
Pre-Tax Income
Equity To Liabilities Ratio
2019
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA)
406 FRESH HOTEL S.A.
HOTELS
708,579
5,034,215
27%
11,522,234
2,283,850
5.0
14%
6%
407 STASINOPOULOS - UDDEHOLM STEELS S.A.
METAL PRODUCTS
707,618
2,735,435
46%
1,344,257
241,300
5.6
26%
53%
408 KEKIS S.A.
MISCELLANEOUS PRODUCTS
706,598
2,100,770
133%
5,421,262
453,458
12.0
34%
13%
409 BRETAS FAMILY S.A.
FOOD PRODUCTS
704,079
4,762,168
12%
3,891,009
457,616
8.5
15%
18%
410 L. PACKAGING LTD
MISCELLANEOUS PRODUCTS
701,473
2,239,433
37%
1,316,715
986,191
1.3
31%
53%
411 HIMALAYA TRAVEL S.A.
TOURISM ENTERPRISES
699,931
2,984,764
525%
1,053,024
759,686
1.4
23%
66%
412 TSPURLAKIS - BIRLIRAKIS S.A.
HOTELS
699,182
3,688,448
19%
10,549,532
3,428,656
3.1
19%
7%
413 NCR (HELLAS) S.A.
IT
696,784
13,002,740
170%
4,582,757
3,566,429
1.3
5%
15%
414 HALKITIS SHIPYARDS S.A.
TRANSPORTATION MEANS
694,047
2,826,552
36%
2,594,909
1,051,529
2.5
25%
27%
415 CHROSTIKI S.A.
CHEMICAL PRODUCTS
692,940
7,878,974
2%
5,893,135
1,618,844
3.6
9%
12%
416 XENOPHON S.A.
HOTELS
692,817
2,074,888
102%
3,800,203
247,877
15.3
33%
18%
417 DIRECT TELEMATICS S.A.
ELECTRICAL SUPPLIES
692,664
2,364,966
41%
1,971,220
1,375,072
1.4
29%
35%
418 EPSILON NET S.A.
IT
688,099
10,820,254
1255%
11,274,361
6,356,715
1.8
6%
6%
419 AUTOPLUS ACCESSORIES S.A.
TRANSPORTATION MEANS & SPARE PARTS
687,593
2,926,727
60%
1,323,845
834,850
1.6
23%
52%
420 ARKAT S.A.
REAL ESTATE
681,592
1,882,325
7%
17,628,840
2,157,124
8.2
36%
4%
421 TSIMIDOPOULOS M. S.A.
HOTELS
672,794
3,916,509
7%
2,343,101
1,213,937
1.9
17%
29%
422 MIT. KAL. S.A.
CONSTRUCTIONS
671,933
3,205,753
168%
1,468,987
1,024,040
1.4
21%
46%
423 YGRAERIA KYKLADON S.A.
GAS
670,318
7,596,978
6%
2,480,666
704,002
3.5
9%
27%
424 PETROCOLL S.A.
CHEMICAL PRODUCTS
667,716
5,695,658
66%
1,924,880
1,902,814
1.0
12%
35%
425 INTERGEO LTD
MISCELLANEOUS SERVICES
665,752
4,484,220
43%
4,440,613
2,203,237
2.0
15%
15%
426 CHROMATOURGIA TRIPOLEOS S.A.
CHEMICAL PRODUCTS
664,907
5,212,834
16%
3,789,061
1,108,947
3.4
13%
18%
427 KOROPOULIS A.G. S.A.
CONSTRUCTIONS
663,839
6,845,489
8%
3,806,377
2,297,933
1.7
10%
17%
428 JUWI HELLAS RENEWABLE ENERGY SOURCES S.A.
CONSTRUCTIONS
663,430
6,976,213
145%
2,769,364
1,061,014
2.6
10%
24%
429 PROKOS M. S.A.
PLASTICS - RUBBER
661,920
7,728,920
30%
5,805,831
2,150,688
2.7
9%
11%
430 KARAGIANNIS - KARATZOPOULOS S.A.
MISCELLANEOUS PRODUCTS
658,425
1,851,368
23%
2,902,442
765,125
3.8
36%
23%
431 ERMIS BUS LTD
TRANSPORTATION MEANS & SPARE PARTS
655,366
2,272,033
25%
1,842,512
353,017
5.2
29%
36%
432 DEMETREIOS S.A.
CONSTRUCTIONS
650,374
1,134,889
31%
2,695,682
797,604
3.4
57%
24%
433 AEROMET HELLAS LTD
TRANSPORTS
649,869
6,769,020
66%
2,025,350
793,290
2.6
10%
32%
434 ELECTRONET - PITSOULAKIS - ROMBOGIANNAKIS S.A.
ELECTRICAL APPLIANCES
646,712
10,944,645
24%
2,559,068
1,928,142
1.3
6%
25%
435 THALATTA CAMP S.A.
TOURISM ENTERPRISES
643,935
2,874,965
14%
2,665,187
411,253
6.5
22%
24%
436 XENOTEL TOXOTIS S.A.
HOTELS
640,913
17,303,538
49%
19,346,082
10,897,548
1.8
4%
3%
437 HALKIDIKI TOURIST ENTERPRISES S.A.
HOTELS
640,777
10,580,087
26%
25,223,795
13,974,539
1.8
6%
3%
438 DATSERIS G. BROS S.A.
METAL PRODUCTS
638,605
1,424,093
10%
3,211,794
149,572
21.5
45%
20%
439 P. RIGAS PACKAGING MATERIALS SA
MISCELLANEOUS PRODUCTS
636,023
8,935,962
4%
5,336,991
2,067,162
2.6
7%
12%
440 PETINOS S.A.
HOTELS
635,981
4,056,225
14%
2,366,333
1,534,325
1.5
16%
27%
441 VIOMES S.A.
PLASTICS - RUBBER
626,269
5,156,573
97%
7,837,699
799,011
9.8
12%
8%
442 ENERGON T.M. LTD
ELECTRICAL SUPPLIES
624,883
2,814,900
42%
2,580,336
723,543
3.6
22%
24%
443 YDROFLI S.A.
MACHINERY
623,833
2,169,299
165%
2,415,723
546,429
4.4
29%
26%
444 MONDELEZ HELLAS PRODUCTION S.A.
FOOD PRODUCTS
623,234
9,350,132
16%
26,801,216
2,131,542
12.6
7%
2%
445 LANARA I. & S. BROS S.A.
FOOD PRODUCTS
621,080
12,405,323
75%
5,082,792
3,772,459
1.3
5%
12%
446 MULTIPLASS S.A.
CHEMICAL PRODUCTS
617,237
1,499,157
39%
955,283
730,702
1.3
41%
65%
447 ZOETIS HELLAS S.A.
PHARMACEUTICALS - DETERGENTS
616,365
10,498,184
94%
10,248,575
1,991,015
5.1
6%
6%
448 DEKAZ S.A.
PHARMACEUTICALS - COSMETICS
612,181
1,903,531
38%
991,752
429,872
2.3
32%
62%
449 BINIS S.A.
MISCELLANEOUS PRODUCTS
611,240
5,142,254
41%
2,306,301
1,414,195
1.6
12%
27%
450 KARAGIANNIS N. BROS S.A.
SANITATION - AIR CONDITIONING
608,724
8,046,933
3%
6,934,353
2,607,019
2.7
8%
9%
I 156 I
451 - 500
6,010,673
4%
Total Liabilities
Equity 1,179,092
752,633
Return On Equity
607,097
Net Profit Margin
FOOD PRODUCTS
Equity To Liabilities Ratio
451 RELKON HELLAS S.A.
Sector
Profitability Increase
Company Name
Turnover 2017
2019
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA) Pre-Tax Income
DIAMONDS OF THE GREEK ECONOMY
1.6
10%
51%
452 DANA VILLAS S.A.
HOTELS
605,631
2,072,342
6%
1,943,930
1,735,366
1.1
29%
31%
453 BAIRAMOGLOU S.A., S.A.
MISCELLANEOUS PRODUCTS
605,239
9,482,950
7%
6,163,303
2,158,084
2.9
6%
10%
454 TITANIA S.A.
HOTELS
605,155
10,738,446
92%
23,760,498
5,423,776
4.4
6%
3%
455 VENCIA S.A.
HOTELS
604,065
1,638,950
20%
3,752,510
400,178
9.4
37%
16%
456 ΕΤΑΚ S.A.
HOTELS
601,202
3,970,224
16%
6,226,569
614,020
10.1
15%
10%
457 DIEN S.A.
APPAREL
600,808
5,895,436
1%
2,537,308
1,477,226
1.7
10%
24%
458 EMKO KOUTELAS S.A.
ELECTRICAL APPLIANCES
597,396
2,873,938
73%
1,860,878
577,399
3.2
21%
32%
459 DELFINIA TA S.A.
HOTELS
596,517
2,802,371
13%
5,728,311
282,651
20.3
21%
10%
460 LEON DEPOLAS SECURITIES S.A.
FINANCIAL SERVICES
594,785
1,372,932
839%
4,648,494
767,973
6.1
43%
13%
461 TROCHOKINISI S.A.
TRANSPORTATION MEANS & SPARE PARTS
594,218
6,405,694
14%
1,689,374
1,685,626
1.0
9%
35%
462 LEKOS Ν. CHEMICALS S.A.
FOOD PRODUCTS
593,252
6,799,316
4%
3,172,321
1,632,431
1.9
9%
19%
463 KONVEX S.A.
METAL PRODUCTS
592,845
4,652,358
294%
6,034,898
1,668,834
3.6
13%
10%
464 VIVA WALLET S.A.
FINANCIAL SERVICES
587,321
1,133,370
225%
7,539,541
1,522,911
5.0
52%
8%
465 TOURON S.A.
FOOD PRODUCTS
584,464
7,580,823
7%
2,287,659
1,007,194
2.3
8%
26%
466 SEVEN BROTHERS S.A.
HOTELS
581,967
3,240,866
42%
4,359,295
1,536,803
2.8
18%
13%
467 GALVANOCHIMIKI-P.K. KAPLANOGLOU S.A.
CHEMICAL - PAINTS
579,660
3,958,575
52%
4,982,822
872,929
5.7
15%
12%
468 GOLD PRINT S.A.
PAPER
578,327
1,831,136
29%
1,806,996
432,599
4.2
32%
32%
469 LOUKA BROS S.A.
CONSTRUCTIONS
574,113
1,435,783
39%
13,975,823
3,021,593
4.6
40%
4%
470 EPIROTISA Α. GIALERNIOU LTD
SUPERMARKET
572,240
4,352,983
20%
884,856
785,114
1.1
13%
65%
471 KAVA DIAPON L. TASOULAS S.A.
BEVERAGES - SPIRITS
567,252
10,976,663
69%
5,022,372
1,591,505
3.2
5%
11%
472 STAVRAKAS PANAGIOTIS AGRICULTURAL PRODUCTS S.A.
AGRICULTURAL ENTERPRISES
563,306
8,226,839
23%
2,620,490
2,252,734
1.2
7%
21%
473 ΙΟΝΙΟΝ MARINE S.A.
TRANSPORTATION MEANS
563,039
1,541,138
4%
1,633,408
532,383
3.1
37%
34%
474 DEKA S.A.
ELECTRICAL SUPPLIES
561,490
3,628,943
6%
1,379,541
1,251,526
1.1
15%
41%
475 GRAVANI BROS S.A.
FURNITURE - RUGS - LIGHTING
560,721
2,741,124
19%
2,299,658
517,785
4.4
20%
24%
476 KATHARIOS S.A.
CONSTRUCTIONS
557,944
3,270,520
58%
3,157,068
554,665
5.7
17%
18%
477 IONIOS TECHNIKI S.A.
CONSTRUCTIONS
552,277
2,183,762
26%
3,724,613
1,096,497
3.4
25%
15%
478 OLYMPIC EEL & SALMON S.A.
FOOD PRODUCTS
551,506
7,528,830
8%
5,038,966
3,767,475
1.3
7%
11%
479 TECHNOCHROM S.A.
CHEMICAL PRODUCTS
550,934
4,105,153
31%
2,160,035
1,073,544
2.0
13%
26%
480 RAVENNA S.A.
MISCELLANEOUS PRODUCTS
549,346
10,234,090
1%
9,117,646
6,903,358
1.3
5%
6%
481 ISI HELLAS S.A.
IT
542,944
7,846,002
106%
4,181,579
800,906
5.2
7%
13%
482 ATEN S.A.
FOOD PRODUCTS
541,833
2,619,460
4%
3,593,771
620,950
5.8
21%
15%
483 VIOSAL LTD
FOOD PRODUCTS
540,919
3,830,956
2%
1,612,000
1,420,806
1.1
14%
34%
484 DIALOG SEMICONDUCTOR HELLAS S.A.
MISCELLANEOUS SERVICES
539,947
8,430,400
19%
2,370,080
1,444,614
1.6
6%
23%
485 BARBAGIANNIS I. LTD
SPIRITS
537,464
2,619,189
16%
3,073,687
509,343
6.0
21%
17%
486 CEVA HELLAS LTD
PHARMACEUTICALS
536,638
10,158,463
294%
2,301,533
2,138,165
1.1
5%
23%
487 VICAN Ν. ANAGNOSTAKIS S.A.
PHARMACEUTICALS
535,714
4,694,976
35%
1,811,016
1,611,004
1.1
11%
30%
488 EUROCHEM S.A.
CHEMICAL PRODUCTS
530,731
2,523,877
19%
2,677,893
210,113
12.7
21%
20%
489 ROLLS-ROYCE MARINE HELLAS S.A.
MARINE PRODUCTS
529,478
2,370,552
27%
1,250,650
770,706
1.6
22%
42%
490 ALKI S.A.
FOOD PRODUCTS
524,518
5,534,614
10%
2,790,858
1,736,588
1.6
9%
19%
491 M+O ASSOCIATES S.A.
MACHINERY
523,911
3,171,456
16%
2,859,726
1,223,679
2.3
17%
18%
492 BRASS FORM S.A.
METAL PRODUCTS
523,553
8,462,449
200%
3,885,007
2,128,977
1.8
6%
13%
493 VALIADIS HELLENIC MOTORS S.A.
ELECTRICAL SUPPLIES
522,881
5,890,645
7%
3,443,312
3,044,522
1.1
9%
15%
494 ALFA GLASS S.A.
CONSTRUCTION MATERIALS
520,911
7,543,826
237%
12,725,123
1,026,705
12.4
7%
4%
495 KARYATIS S.A.
PHARMACEUTICALS
520,279
6,535,733
6%
9,010,080
3,223,792
2.8
8%
6%
496 D.I.S. - DYNAMIC INTEGRATED SOLUTIONS S.A.
MISCELLANEOUS SERVICES
519,100
3,001,184
19%
2,132,616
627,690
3.4
17%
24%
497 ECOELASTIKA S.A.
MISCELLANEOUS SERVICES
517,587
5,673,218
138%
4,960,728
1,786,024
2.8
9%
10%
498 SIPCAM HELLAS MON. LTD.
CHEMICAL - PAINTS
514,626
5,408,874
177%
2,725,124
2,546,571
1.1
10%
19%
499 KRITIKA PARKA S.A.
MISCELLANEOUS SERVICES
513,093
4,820,412
296%
3,739,867
3,038,284
1.2
11%
14%
500 ΞΕΝΟΔΟΧΕΙΟ ΒΑΛΤΟΣ ΜΠΙΤΣ Α.Ε.
HOTELS
511,667
1,437,795
27%
3,245,454
391,513
8.3
36%
16%
I 158 I
DIAMONDS OF THE GREEK ECONOMY
2019
Petroleum Products Industrial Turnover 8,967,702,000 €
PROFIT BEFORE TAXES 669,577,000 €
HELLENIC PETROLEUM SA
Another record year
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 E-mail: info@helpe.gr Website: www.helpe.gr
I 160 I
Founded in 1998, Hellenic Petroleum is one of the leading energy groups in South East Europe, with activities spanning across the energy value chain and presence in six countries. Its shares are primarily listed on the Athens Exchange (ATHEX: ELPE) with a secondary listing on the London Stock exchange (LSE: HLPD), while its two bond issues are listed on the Luxemburg Stock Exchange. 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 the four refineries in Greece, of total capacity of 340 kbpd, with a 65% share of the Greek wholesale oil products market. The Group is the domestic ground fuels marketing leader, with a retail network of c.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 OKTA facilities in Skopje (FYROM) for transportation and marketing of 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 exploration and production activities are focused in Greece. HELLENIC PETRLOEUM has been awarded E&P rights as Operator (50%) in 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%); it has also 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 two offshore blocks in South Crete (JV with Total and ExxonMobil) and has submitted offers for the offshore “Block 1” North of Corfu, and an offshore block in Ionian Sea (JV with Repsol). Hellenic Petroleum is the sole petrochemicals producer in Greece, mainly active in the propylenepolypropylene value chain. Domestic market shares exceed 50%, while exports, mainly in Turkey and other Mediterranean countries account for c. 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. Moreover, 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, which is currently is sale process and has a strong presence in the distribution and supply business through participations in local and companies (EDAs and EPAs). The Group is implementing a notable number of CSR activities, focusing mainly on supporting youth and vulnerable groups.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
HELLENIC PETROLEUM SA 2017 2018 7,233,600,000 € 8,967,702,000 € 482,391,000 € 669,577,000 € 758,145,000 € 680,006,000 € 1,809,223,000 € 2,146,677,000 € 4,387,963,000 € 4,229,727,000 €
Change (%) 24.0 38.8 -10.3 18.7 -3.6
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DIAMONDS OF THE GREEK ECONOMY
2018
Petroleum Industrial Turnover 5,739,354,000.00 €
PROFIT BEFORE TAXES 422,310,000.00 €
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.
Enjoying increased market shares in 2018
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. Furthermore, MOH is a constituent in the MSCI GREECE index and the FTSE4Good Index Series. The Refinery with its ancillary plants and offsite facilities forms the largest privately-owned 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 are approved by International Organizations, ACEA, API, the US Navy & Army. The Refinery production facilities are located in Agii Theodori, in the province of Corinth, about 70 km outside of 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 the Athens suburb of Maroussi. MOH’s Quality Management System, is certified according to ISO 9001:2015 for production and delivery of fuels, lubricants, waxes and bitumen. Additionally, the environmental management systems are certified according to ISO 14001:2015, while the Health and Safety system is certified according to OHSAS 18001:2007. MOH’s Refinery is one of a handful of European refineries certified with these three certifications. The Company is totally committed to continuous quality improvement. Within the scope of this commitment, in September 2006 the Refinery’s Chemical Lab was certified according to ISO 17025:2005 by the National Certification System (Ε.SΥ.D.). The current accreditation is valid until September 2022. In addition, 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. In 2018, the Group reported a jump in sales by 21.01% (up in value by €1.65 billion) compared to a year earlier, primarily attributed to a hike in the average prices of petroleum products (in USD) by approximately 27.85%, combined with the 3.62% higher sales volume generated (from ΜΤ 14,932,198 in 2017 to MT 415,472,058 in 2018). The Company posted an even bigger rise in 2018 sales by 25.55%, to €7.21 billion from €5.74 billion in 2017. The breakdown of the Company sales volume confirms the solid exporting profile of the Refinery considering that export and bunkering sales combined accounted for 82.51% of the overall sales volume in 2018 compared to 82.28% in 2017, as well as the high contribution of refining activities (90.87% of the total sales volume in 2018 compared to 92.37% a year earlier). Group pre-tax earnings in 2018 dropped 21.08% to €355.39 million compared to €450.30 million a year earlier. Earnings before tax also dropped by 24.94% to €316.99 million €422.31 in 2017. In 2018, Motor Oil enjoyed a higher market share in gasolines, automotive gasoil, heating gasoil, as well as shipping & aviation fuels. MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. 2016 2017 Turnover 4,511,920,000.00 € 5,739,354,000.00 € Profit Before Taxes 392,804,000.00 € 422,310,000.00 € Gross Profit 465,999,000.00 € 548,136,000.00 € Total Equity 706,675,000.00 € 881,837,000.00 € Liabilities 1,567,904,000.00 € 1,385,192,000.00 €
Change (%) 27.2 7.5 17.6 24.8 -11.7
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DIAMONDS OF THE GREEK ECONOMY
2019
Group of Companies Commercial Turnover 5,178,000 €
PROFIT BEFORE TAXES 345,303,000 €
OLYMPIA GROUP S.A.
A multifaceted group of companies
Panos Germanos, Founder of Olympia
Contact details 25 Ermou St., Kifissia 14564, Athens, Greece Tel.: +30 210 8181111 Email: athens@groupolympia.com Website: www.groupolympia.com
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The Olympia Group of Companies, founded by Panos Germanos, is now an International Investment Group with a strong presence, through many different companies, in 9 countries. Olympia Group began its activities in 1980 and continues to grow dynamically in a highly competitive international environment and in all markets where it has a presence, holding to its fundamental principles of dedication, creativity and belief in its corporate philosophy. The six companies of the Olympia Group are key players in various business sectors. These include Telecoms, Industrial, Retail, Distribution, Software and Shipping. With over 20 years of strong presence and dynamic expansion in international markets, Olympia Group creates capital gains in the international business scene. Through its exports and its own physical presence abroad, the Group contributes decisively to the growth and well-being of the local communities in which it is present. Through the vision of its founder, Panos Germanos, for corporate development with business ethics, Olympia, its partners and its personnel have managed to create a modern and financially robust Group that operates governed by steadfast corporate responsibility and a philosophy that enforces business autonomy practices. This leaves the Group free of constraints and dependencies, and ensures a more dynamic future for the Olympia Group as a whole. The Olympia Investment Group possesses a strong management team and an extremely successful history of strategic partnerships, such that today it has a diversified portfolio with an expanded business ecosystem across 9 countries. The Group’s companies are internationally active in the following sectors: Retail sale of technology products: through the Public chain of stores, with 55 branches in Greece and Cyprus and 2 e-commerce stores. Manufacturing: focusing on the energy storage sector through SYSTEMS SUNLIGHT SA. It maintains its production in two plants in Greece, in addition to its strong presence in four countries (Germany, Greece, Italy and Romania); its products are exported to more than 100 countries around the world. Distribution of technology products: with significant activity in the distribution of IT hardware and Mobility products and a presence in Greece and Cyprus via Westnet. Business software products and services: products are distributed in Greece and Southeast Europe through SoftOne, with a particularly strong presence in the markets of Bulgaria, Greece, Cyprus and Romania. Development of innovative services and technology solutions for Shipping: through METIS. Telecommunications: the Group owns Poland’s leading mobile telephony company PLAY, one of the fastest growing companies in Europe.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
OLYMPIA GROUP S.A. 2016 2017 3,780,000 € 5,178,000 € -44,859,000 € 345,303,000 € - - 278,993,000 € 624,273,000 € 204,345,000 € 32,980,000 €
Change (%) 37.0 123.8 -83.9
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DIAMONDS OF THE GREEK ECONOMY
Papastratos today Papastratos, a subsidiary of Philip Morris International (PMI), is the largest tobacco company in Greece, holding the leading position in the manufacture and marketing of tobacco products for more than eight decades. The firm works with approximately 25,000 direct and indirect commercial partners and 900 suppliers in Greece. Its parent company, PMI, is the largest buyer of Greek tobacco, purchasing more than 50% of Greek oriental tobacco output. Annually, Papastratos contributes more than €1 billion in taxes, thus making a contribution accounting for 2% of regular budget revenue. Since 2016, Papastratos has been the leading company in the cluster of countries in Southeast Europe including, in addition to Greece, Bulgaria, Croatia, Cyprus, Malta, Romania and Slovenia. Dynamic business development Papastratos’ latest investment project, valued at €300 million, was completed in March 2018. The company has stopped producing conventional cigarettes for good, and has turned its plant in Aspropyrgos into a unit exclusively dedicated to the production of heated tobacco sticks for its new innovative product, IQOS (the second production unit in PMI’s network worldwide), creating 400 new job positions and increasing the total number of direct and indirect employees to 1260 (April 2019). To date, Papastratos exports up to 80% of its products to 11 countries - from Bulgaria, the Netherlands and Sweden to Japan. Potentially reduced-risk products Over the past few years, PMI, the parent company of Papastratos, has invested significant resources (more than €6 billion) in developing products that are potentially reduced-risk when compared with traditional tobacco products. PMI’s potentially reduced-risk products are at various stages of development and commercial distribution. PMI’s International Center for Research and Development employs some 430 scientists from various disciplines. IQOS is the first of the smoke-free products, which heats tobacco rather than burning it. It is now available in a total of 47 markets, and was first launched in Greece in 2016. Approximately 7.3 million adult smokers across the globe have already given up cigarettes and have opted for PMI’s heated tobacco product, while in Greece there are more than 150,000 IQOS users (market share 8.7% as of Q1 2019). In April 2019, the US Food and Drug Administration (FDA) confirmed that the electrically-heated tobacco system IQOS created by Philip Morris International is appropriate for the protection of public health, and has authorized it for sale in the United States. Care for its people: Papastratos has been repeatedly recognised as an exceptional workplace by the Great Place to Work®Institute Hellas, and as a top employer by the Top Employer Institute; the firm has received several awards for its employee development programs. In 2016, it was named Fortune magazine’s #1 Most Admired Company (in any sector) in Greece and, in 2017 and 2018, the #1 Most Admired Industrial Manufacturer in Greece. In 2019, Papastratos became the first company in Greece to receive the Equal Salary Certification, awarded by the international independent body in recognition of a work environment that provides equal opportunities and equal pay between men and women within the company. Caring for the community As well as taking care of its personnel, Papastratos also cares for the wider community and the country as a whole, boasting a multifaceted corporate social responsibility plan, valued at more than €3.5 million since 2009. Papastratos has also undertaken initiatives to combat illicit trade in tobacco products. Since 2012, the firm has spent more than €5.5 million on support (by providing equipment and know-how) for the State and law enforcement authorities to combat illegal trade and raise awareness among the general public through communication campaigns. The most recent initiatives involved a donation of a mobile x-ray scanner, worth €2 million, to the Ministry of Finance, and a donation of 5 speedboats to the Hellenic Coast Guard, worth $2.4 million.
2019
Tobacco Products Industrial Turnover 262,834,307 €
PROFIT BEFORE TAXES 251,284,290 €
Papastratos S.A.
Papastratos in a new era
Contact details Imeros Topos, Location Kororemi, Aspropyrgos 193 00, Greece Tel.: +30 210 41 93 000 Fax: +30 210 41 93 821 Email: papastratos@pmi.com Website: www.papastratos.gr Connect with us: Facebook LinkedIn
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Papastratos S.A. 2016 291,633,208 € 27,143,508 € 78,241,484 € 114,056,254 € 261,732,032 €
2017 262,834,307 € 251,284,290 € 52,443,529 € 288,340,211 € 364,782,214 €
Change (%) -9.9 825.8 -33.0 152.8 39.4
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DIAMONDS OF THE GREEK ECONOMY
2019
Telecommunications Commercial Revenues 3,798.7
ADJUSTED EBITDA 1,316.8
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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OTE GROUP
Greece’s technology powerhouse OTE Group is the largest technology company in Greece. It is one of the top three listed companies with respect to capitalization, in the Athens Stock Exchange and is also listed in the London Stock Exchange. Deutsche Telekom holds 45% of OTE’s share capital and the Greek State holds 5%. OTE Group employs approximately 13,000 people in Greece and approximately 20,000 people in total. OTE Group offers the full range of telecommunications services: from fixed-line and mobile telephony, broadband services, to pay television and integrated ICT solutions. 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 market of Romania, where it offers fixed-line and mobile communications, as well as television services. COSMOTE is the unified commercial brand for all the products and services of the Group and its key message is “a better world, for all”. 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. 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 implements a €2 bn. investment plan until 2022, to offer even higher speeds and wider coverage in fixed and mobile telephony. Thanks to these investments, COSMOTE Fiber is the largest fiber optic network in Greece, with a route length of 43,000 km. By the end of 2018, the number of households and businesses with access to very high Internet speeds of up to 200Mbps exceeded 3
››››››
million. In 2018 OTE Group brought the unlimited capabilities of fiber optics at home, by launching its Fiber to the Home (FTTH) network in selected areas. OTE Group’s goal is for FTTH coverage to reach gradually 1 million by 2022. In mobile telephony too, OTE Group breaks new ground by constantly developing its networks. 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 95% respectively. At the same time, the Group is intensively preparing for the next generation of wireless communication, the 5G. From 2015, it has contributed to the design and development of new 5G technologies, infrastructure and services, with its dynamic participation in European research projects, while COSMOTE has implemented the first trial network of 5G in the Municipality of Zografou, in Attica, achieving live speeds above 12Gbps, 60 times higher than today’s 4G speeds. Financial Data For 2018, the Group announced turnover
›››››› of €3,798.1 mil. Adjusted EBITDA reached €1,316.8 mil. and the adjusted EBITDA margin increased by 0.6 bps, at 34.7%. The adjusted free cash flow increased significantly at €344.7 mil. The Group’s adjusted Net Debt remained at €0.7bn, which corresponds to 0.6 times the Group’s annual adjusted EBITDA.
Revenues Adjusted EBITDA Adjusted Free Cash Flow Adjusted Net Debt
OTE GROUP REPORT 2018 2018 (€ mn) 2017 (€ mn) 3,798.7 3,796.9 1,316.8 1,295.1 344.7 92.2 738.8 737.1
Change (%) +0.0% +1.7% +273.9% +0.2%
Sustainable growth OTE Group exploits the power of technology in order to create a better world for all. Sustainable growth is an integral part of the Group’s business strategy and the sustainable growth principles are integrated into its operation, through which it contributes to the economy, the society and the environment. In 2018, Group’s social contribution amounted to approximately €4 mil. The focus of its activities was the development of digital skills for people of all ages, as well as meeting society’s core needs by supporting vulnerable social groups, children, education, entrepreneurship, local communities, culture and sports.
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DIAMONDS OF THE GREEK ECONOMY
2019
Transportation Commercial Turnover 433,525,777.00 €
PROFIT BEFORE TAXES 199,829,708.00 €
Athens International Airport “Eleftherios Venizelos”
Breaking the arrivals record every year!
Dr Yiannis N. Paraschis, 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 BOOT (Build-OwnOperate-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%. Thanks to its favorable geographical location at the cross-roads of three continents, stateof-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. AIA is a pioneer international Public-Private Partnership, being the first major greenfield airport with the participation of the private sector. The cost for the development of the airport was financed mainly from bank loans - with European Investment Bank being the major lender, while the remaining funding was provided through private shareholders equity and EU and Greek State grants. Overall, in the year 2018, the Athens International Airport recorded an all-time high performance, with 24.14 million passengers, exceeding previous year traffic by 2.4 million (+11%). This outcome was driven by the strong growth of the international market (+2.0 million or +13.8%), combined with the healthy increase of the domestic market (+400,000 or +5.6%). In the first four months of 2019, the airport’s passenger traffic reached 6.36 million, exceeding prior-year levels by a robust 8.5%, with both domestic and international traffic seeing a considerable increase of 6.3% and 9.6%, respectively. The year 2018 was marked by the developments on the 20-year extension of the airport’s concession term. The concession extension, following approval from the respective national and European authorities, finally became effective on 19 February 2019, following its ratification by the Hellenic Parliament. The concession consideration was paid to the Hellenic Republic Asset Development Fund (HRADF) on 22 February 2019, three business days after the effectiveness of the concession extension, in line with the contractual time provisions.
Athens International Airport “Eleftherios Venizelos” 2016 2017 Change (%) Turnover 404,553,978.00 € 433,525,777.00 € 7.2 Profit Before Taxes 189,068,866.00 € 199,829,708.00 € 5.7 Gross Profit 284,508,244.00 € Total Equity 487,948,084.00 € 587,474,670.00 € 20.4 Liabilities 694,383,684.00 € 659,237,331.00 € -5.1
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DIAMONDS OF THE GREEK ECONOMY
2019
GAMBLING & BETTING Commercial Turnover 1,201,589,000 €
PROFIT BEFORE TAXES 180,687,000 €
GREEK ORGANIZATION OF FOOTBALL PROGNOSTICS (OPAP) SA
Adding more than 500 new stores in 2018
Kamil Ziegler, President, OPAP SA
Contact details 112 Athinon Ave., 10442, Athens, 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, owning the following subsidiaries: OPAP Cyprus Ltd (Numerical lottery games), OPAP Sports (Sports betting company), OPAP International Ltd (Holding-Sports betting company), OPAP Services SA (Sports events-Promotion – Services), OPAP INVESTMENT LTD (Holding company). The Group also owns the following companies: Hellenic Lotteries S.A. (lotteries), Tora Direct SA (payment services), Tora Wallet SA (emoney institution), Horse Races SA (Horse races, Mutual Betting on Horse Races), Neurosoft SA (Software Services) and TCB Holdings LTD (Holding company). In 2018, the company posted sales of €1.294 billion, with EBITDA at €288 million and pretax earnings at €200 million. At Group level, sales in the same year amounted to €1.547 billion, with EBITDA at €353 million and pre-tax earnings at €215 million. Sales came primarily from ‘lottery’ followed by ‘betting’, VLTs and Instant & Passives. OPAP’s major activity is the video lottery terminals, or VLTs, which at the end of 2018 listed 18,944 VLT machines, operating in 351 gaming halls and in 1,915 OPAP stores. The company’s objective is to satisfy its obligation to install in Greece 25,000 VLTs by the end of 2019 in accordance with a concession agreement. Remarkably, at the end of 2018, OPAP stores rose to 3,910, with the addition of 505 new stores in that year. Also, average store size increased by 20% over the past 3 years. The company’s focus in 2019 and beyond will be on certain initiatives within the following 5 pillars: Entertainment (offering ever-improving customer entertainment), Online (acceleration of online customer engagement), New ventures (introduce new services complementing gaming and attracting new customer), Information (Building registered customer databases and maximizing value by data analysis and insights generation consists the meaning of this pillar), and High Performance (improvements both internally and across the various operating channels). GREEK ORGANIZATION OF FOOTBALL PROGNOSTICS (OPAP) SA 2016 2017 Change (%) Turnover 1,152,655,000 € 1,201,589,000 € 4.2 Profit Before Taxes 233,914,000 € 180,687,000 € -22.8 Gross Profit - - Total Equity 1,038,121,000 € 717,023,000 € -30.9 Liabilities 502,634,000 € 874,961,000 € 74.1
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DIAMONDS OF THE GREEK ECONOMY
2019
MISCELLANEOUS Commercial Turnover 583,501,179.00 €
PROFIT BEFORE TAXES 116,266,628.00 €
JUMBO SA
Seeing group sales rise to €900m
Apostolos - Evangelos Vakakis, BoD Chairman
In 1986, a new toy store named Jumbo was launched in Athens, offering customers joy, fun and carelessness. Today, 32 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%. In its 32 years of operation, the Company has grown into one of the largest retailers. The Group in June 2018 had a network of 75 branches in Greece, Cyprus, Bulgaria and Romania and the e-jumbo online store. In the financial year July 2017-June 2018, the Group added two privately-owned supermarkets in Romania: the first operated in October 2017 in Suceava (14,500 sqm) and the second in February 2018 in Bucharest (11,800 sqm). Also, through partnerships, the company has presence with JUMBO branded products in Northern Macedonia (ex FYROM) with 4 stores, Albania with 4 stores, in Kosovo with 4 stores, 4 stores in Serbia and 2 in Bosnia. The group employs 6378 people (June 2018), including 5607 permanent staff and 771 temporary employees. Jumbo is proud to have the largest and most modern warehouses in the Balkans, of a total surface area of 300,000 sqm. In the period 7/2017 - 6/2018, total sales reported by the group by country were as follows: Greece 632.6 million euros, Cyprus 86.1 million euros, Bulgaria 78.8 million euros, Romania 100.9 million euros. Pre-tax earnings amounted to 114.1 million euros for Greece, 29.2 million euros for Cyprus, 21 million euros for Bulgaria and 33.4 million euros for Romania. Overall, pre-tax earnings amounted to 197 million euros compared to 173 million euros in the same period a year earlier. Sales by category in the same period were as follows: toys 22.14%, stationary 7.67%, seasonal 23.92%, home products 33.28%, haberdashery and related items 7.50%, baby products 5.44% and miscellaneous products 0.05%.
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 2016 550,508,516.00 € 117,112,566.00 € 252,333,811.00 € 716,434,591.00 € 266,664,925.00 €
2017 583,501,179.00 € 116,266,628.00 € 256,128,420.00 € 713,516,960.00 € 266,381,068.00 €
Change (%) 6.0 -0.7 1.5 -0.4 -0.1
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DIAMONDS OF THE GREEK ECONOMY
2019
DESFA
ENERGY
The gateway of natural gas in Europe
Commercial Turnover 268,697,000 €
PROFIT BEFORE TAXES 125,940,000 €
Nicola Battilana, CEO of DESFA
Contact details 357-359 Messogion Ave., 152 31, Halandri, Athens, Greece Tel.: +30 213 0884000 Fax: +30 210 6749504 Email: desfa@desfa.gr Website: http://www.desfa.gr
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DESFA is the main operator of Greece’s National Natural Gas Transmission System (NNGS) and is responsible for the management, exploitation and development of the National Natural Gas System and its interconnections. DESFA aims to serve its Users with safety, reliability and adequacy, while offering regulated services of the NNGS, by RAE, as well as non-regulating services to major market players. In 2018, a 66%-stake in DESFA was acquired by the Senfluga consortium, comprised of Snam, Enagas and Fluxys, the three leading European natural gas transmission companies. The joining of forces of the Senfluga Energy consortium and DESFA are envisaged to create greater strategic alliances in the wider region, expand its network of energy infrastructure and offer services far beyond the Greek borders. The Operator becomes a strategic player in the Mediterranean with multiple benefits for Greece and the Greek economy standing out among the top of Europe in the energy sector. DESFA implements a major investment plan valued at 330 million euros, involving the construction of a wide network of energy infrastructure, of strategic importance to Greece and Europe. We are working on further developing Greece’s gas infrastructure and expanding
››››››
the regional market by enhancing crossborder 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. At the same time, our goal is to further develop the current potential of the Revithoussa LNG Terminal Station to serve as a unique source of gas supply diversification in the Balkan region and an energy gateway for the import of LNG in Europe. DESFA promotes the construction of smallscale LNG infrastructure, allowing ship bunkering along with road transportation of LNG to off-grid customers. Our strategy is to tap into new uses of natural gas in Greece, introduce renewable gases in order to create a sustainable energy system and contribute to the reduction of polluting emissions and greenhouse gases in the country. According to EU energy targets, the Operator is engaged to promote the development of a unified European energy network, where the use of gas as a source of clean and sustainable energy (fuel) is an essential component for the economy decarbonization up to 2030. Having developed a particularly extensive know-how, DESFA works on transforming Greece into a regional gas transmission and trading hub, while further consolidating its position as the most reliable partner
›››››› regarding largescale energy projects in the wider region. The new shareholding scheme enables DESFA to move one step forward by expanding its activities beyond Greek borders, enhancing its position in the international energy scene. DESFA’s objective to achieve a strong strategic position in SouthEastern Europe will bring multiple benefits to the Greek economy, by stimulating investment, creating jobs and boosting growth.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
DESFA 2016 169,652,000 € 49,786,000 € 46,306,000 € 852,431,000 € 652,084,000 €
2017 268,697,000 € 125,940,000 € 141,476,000 € 921,773,000 € 648,048,000 €
Change (%) 58.4 153.0 205.5 8.0 -0.6
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DIAMONDS OF THE GREEK ECONOMY
2019 Bank
Commercial Turnover 1,938,469,000 €
PROFIT BEFORE TAXES 105,825,000 €
ALPHA BANK S.A.
Enjoying one of the highest capital adequacy ratios in Europe
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, founded in 1879 by J.F. Costopoulos. Alpha Bank is 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 numbers 415 Branches (including Alpha Private Bank and Commercial Centres). Alpha Bank is active in the Greek and international banking markets, with presence in Cyprus, Albania, Romania and United Kingdom. In 2018, the bank reported total revenue of €2.0 billion and pre-tax losses of €387 million. By business segment, most of the bank’s revenue came from retail banking (€985 million), followed by corporate banking (€652 million), Investment Banking / Treasury (€649.6 million) and Asset Management / Insurance with revenues of €25.7 million. At group level, revenue in the same year came to €2.6 billion versus €2.4 billion in 2017. Pre-tax losses in 2018 amounted to €289 million against earnings of €165 million a year earlier. Notably, in November 2018 the bank was named “Best Private Bank in Greece” for 2018 at the “Global Private Banking Awards 2018”, organized by the internationally acclaimed publications “Professional Wealth Management (PWM)” and “The Banker” of the Financial Times Group.
Vasileios Psaltis, Chief Executive Officer
Contact details 40 Stadiou St., 102 52 Athens, Greece 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 2016 2,227,636,000 € 137,789,000 € 1,307,989,000 € 8,725,042,000 € 51,677,531,000 €
2017 1,938,469,000 € 105,825,000 € 903,561,000 € 9,145,687,000 € 46,709,011,000 €
Change (%) -13.0 -23.2 -30.9 4.8 -9.6
ExportLeaders.gr
‘Ενα σύγχρονο ισχυρό κανάλι επικοινωνίας με τις ξένες αγορές αποκτούν οι ελληνικές εξαγωγικές επιχειρήσεις, που πλέον θα μπορούν σε τακτική βάση να ενημερώνουν τους πελάτες τους στο εξωτερικό για τα προϊόντα που προωθούν στις ξένες αγορές. Πρόκειται για την αγγλόφωνη ειδική έκδοση (έντυπη και ηλεκτρονική) Export Leaders καθώς επίσης και την αγγλόφωνη ιστοσελίδα www.exportleaders.gr. Η πολυτελής αγγλόφωνη έκδοση θα διανέμεται έντυπα (με ταχυδρομείο) και ηλεκτρονικά (με newsletter): Στα εμπορικά τμήματα όλων των ξένων αντιπροσωπειών (πρεσβειών) που εδρεύουν στην Αθήνα, Στους Έλληνες εμπορικούς ακολούθους ανά την υφήλιο Ηλεκτρονικά θα αποστέλλεται σε ευρεία λίστα agents και traders που εδρεύουν στις ξένες αγορές και διακινούν (και) ελληνικά προϊόντα.
ΤΑ ΕΛΛΗΝΙΚΑ ΠΡΟΪΟΝΤΑ ΣΤΙΣ ΔΙΕΘΝΕΙΣ ΑΓΟΡΕΣ ΚΑΔΜΕΙΑΣ 17 ΒΟΤΑΝΙΚΟΣ - ΑΘΗΝΑ 118 55. ΤΗΛ.: 210 3421861, FAX.: 210 3421955 Email: info@newtimes.gr WEBSITES: www.traveltimes.gr, www.timetv.gr, www.newtimes.gr Πληροφορίες: Ειρήνη Πολίτου, epolitou@newtimes.gr Mobile: 6944 350 631
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DIAMONDS OF THE GREEK ECONOMY
2019
Real Estate Commercial Turnover 103,250,000.00 €
PROFIT BEFORE TAXES 102,497,000.00 €
NBG PANGAEA REIC
Investing large funds 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. As of December 31, 2018, the Group’s real estate portfolio consisted of 349 commercial properties (mainly retail and offices), of a total leasable area of 1,120 thousand sqm. Three hundred and twenty nine (329) of those properties are located in Greece, the majority of which are in prime areas. In addition, fourteen (14) properties are located in Italy, two (2) properties in Romania, two (2) properties in Cyprus and two (2) properties in Bulgaria. 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. The Company in 2018 posted a slight increase in sales to 105.9 million euros compared to 103.2 million euros a year earlier. Pre-tax earnings dropped to 96.6 million euros compared to 102.4 million euros. At Group level, turnover in 2018 also rose to 121.3 million euros versus 117.9 million euros in 2017. The Group’s investment program in 2018 was valued at 160 million euros, focusing on plots and buildings, including: a large property in Bulgaria, commercial warehouses (Aspropyrgos), a high street property (Athens), a hotel under development (Cyprus) and a 5-star-hotel (Thessaloniki). In addition, the Group in 2018 signed binding agreements for the acquisition of real estate investments valued at 150.6 million euros. Notably, the firm has adopted a special CSR program entitled “Responsibility Structures”, aimed at improving infrastructure and operational upgrading of major social structures at national and local level. The Company has selected and pledged for actions, either completed or in progress, valued at 730,000 euros.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
NBG PANGAEA REIC 2016 2017 101,649,000.00 € 103,250,000.00 € 62,272,000.00 € 102,497,000.00 € - - 1,198,877,000.00 € 1,239,136,000.00 € 310,124,000.00 € 353,021,000.00 €
Change (%) 1.6 64.6 3.4 13.8
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DIAMONDS OF THE GREEK ECONOMY
2019
Transportation Commercial Turnover 176,858,000.00 €
PROFIT BEFORE TAXES 98,067,000.00 €
Attica Tollway SA
Constantly upgrading road transport
Leonidas Bobolas, Chief Executive Officer
Attica Tollway, locally known as Attiki Odos, is a pioneering project constructed on a concession basis and 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 constitutes 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 constitutes 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. 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: 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 2018 the company operating Attiki Odos, Attikes Diadromes SA, was awarded the CRI PASS by the Institute of Corporate Social Responsibility. The prize was given on the basis of an evaluation of the company’s actions in 4 key areas: Society, Environment, Employees and Economy, as it fulfilled most of its commitments in the aforementioned areas.
Contact details 41.9 km 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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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ATTIKI ODOS S.A. 2016 2017 171,212,000.00 € 176,858,000.00 € 63,699,000.00 € 98,067,000.00 € 75,635,000.00 € 109,962,000.00 € 345,300,000.00 € 343,852,000.00 € 287,444,000.00 € 234,470,000.00 €
Change (%) 3.3 54.0 45.4 -0.4 -18.4
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DIAMONDS OF THE GREEK ECONOMY
2019
Supermarkets Commercial Turnover 2,091,152,000 €
PROFIT BEFORE TAXES 87,285,000 €
AB Vassilopoulos
A leading retailer in Greece’s food market
Contact details 81 Spaton Ave., 15344, Athens, Greece Tel: +30-210-6608000 Fax: +30 210 6048609 Website: www.ab.gr
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AB Vassilopoulos has a dynamic presence in Greece’s food market for 80 years. With a leading role in the retail sector, the company follows a steady path of growth, developing a wide store network of more than 460 salespoints, while employing a staff of 14,131. The company nowadays is established with its associates, costumers and suppliers as a reliable corporate and societal partner, focusing on the excellent quality, the wide variety, as well as the high level of services it offers. Throughout its 80 years course of growth, AB Vassilopoulos actively realized integrated investment programs, contributing dynamically to the Greek primary sector’s development as well as to the national economy while reinforcing employment, by creating direct and indirect job positions. AB Vassilopoulos, for 80 years now, dedicated to its values and inspired by the innovative thinking and creativity of its people, offers the best to its partners, suppliers, customers and the Greek society. By implementing its founder Gerasimos Vassilopoulos’ vision to offer, the company actively integrates Corporate Responsibility programs, aiming at supporting the local societies in which it operates. Therefore, AB Vassilopoulos people are dedicated to designing and implementing innovative initiatives for people in need, children care, the environment, product integrity and local producers overall Greece. Traditionally, the company implements pioneering nutrition programs, while at the same time educating and informing people about important issues for the society. To that end, the company implements the “Trofima Agapis” (Love Food) initiative, offering food products and essentials, close- to-expiration-date but absolutely safe for consumption, through the “Greek Food Bank” and “Boroume”, to thousands of households in need. At the same time, the company actively participates in the Prolepsis Institute program DIAtrofi, offering a healthy daily meal to thousands of students across Greece, all year round. Only in the past few years the company has offered more than 1.418.515 meals worth more than 4.26 million euros. Recently, in the context of educating the younger generation on environmental and recycling issues, AB Vassilopoulos introduced to the public a global, groundbreaking innovation: the “Center of Environmental Education and Recycling”, a double deck bus that travels all over the country, conveying the message of Recycling. Indicatively, in its 1st year of operation, the Environmental Education and Recycling Center visited 10 municipalities in Attica and welcomed 9,000 pupils, while 15,271 packages were recycled. In addition, 3.3 million packages (aluminum, plastic & glass) were recycled in 2017 (16.3 tn) in the company’s 70 Integrated Recycling Centers throughout Greece.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ALFA - BETA VASSILOPOULOS SA 2016 2017 2,181,162,000 € 2,091,152,000 € 107,184,000 € 87,285,000 € 547,556,000 € 522,193,000 € 393,967,000 € 406,766,000 € 680,653,000 € 656,128,000 €
Change (%) -4.1 -18.6 -4.6 3.2 -3.6
High suggestions!
High Expectations!
Γιατί στην CAVINO έχουμε την ευτυχία να διαθέτουμε ένα Σύγχρονο Οινοποιείο που δίνει την δυνατότητα να σας παρέχουμε τους εξαιρετικούς μας Οίνους με όλη την φρεσκάδα και την ωριμότητα που τους αξίζει. Και, περισσότερο, αξίζει σε εσάς!
Από το 1958
www.cavino.gr
www.megaspileo.gr
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DIAMONDS OF THE GREEK ECONOMY
2019
Insurance Commercial
Ethniki, Hellenic General Insurance Co. S.A.
A leading force in the insurance sector for 128 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, “The 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, “The 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, “The 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. “The Ethniki” always stands by the people, covering every need, with modernized structures and dynamic sales networks of 151 Line offices, staffed by 2,103 insurance consultants and 1,418 co-operating Broker offices across Greece. Ethniki Asfalistiki 2018 results “The Ethniki” (Hellenic General Insurance Co. S.A.) extended its profitable course in 2018, with pre-tax earnings 63.1 million euros. The company’s total production in year 2018, reached 600 million euros in total compared to 585.7 million euros in year 2017. The above are more closely reflected on the increase in Non-Life Insurance premiums by 5.15% to 205.8 million euros compared to 188.3 million euros in year 2017. With regard to the Property Insurance, 2018 premiums increased by 8.06% reaching 71.1 million euros compared to 61.2 million euros the corresponding period a year earlier. The increase in production was the result of the firm’s successful operations by production networks. In the first 5-month period of 2019 the Bancassurance network achieved increasing premiums by 36% to 105.6 million euros compared to 77.4 million euros in the corresponding period of 2018, mainly attributed to the “Ethniki Efapax+” (National One-off+) 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 138% at 31.12.2018, compared to 133% at 31.12.2017. With the use of transitional measures and volatility adjustments, the Solvency II Index at 31.12.2018 stood at 194% against 200% at 31.12.2017. While remaining loyal in its values and its people centered approach, “The 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 “The Ethniki” to keep up its social contribution by being the major sponsor of “No Finish Line” in April 2019, 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, “The 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
2019
Tobacco Products
KARELIA TOBACCO COMPANY INC
Industrial
When profitability met respect for human resources
Turnover 694,754,000 €
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 76,298,000 €
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 results, year after year.
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 state-of-the-art complex, producing blends, sizes and pack formats to the highest international standards. We are the world’s first nonmultinational 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 high-tech instrumentation for quality control at every
›››››› stage of the production process. From leaf to finished cigarette, the state-of-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. 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.
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.
KARELIA TOBACCO CO.INC 2017 2018 Turnover 679,730,000 € 694,754,000 € Profit Before Taxes 51,683,000 € 76,298,000 € Gross Profit 104,511,000 € 98,944,000 € Total Equity 409,425,000 € 460,211,000 € Liabilities 68,342,000 € 88,613,000 €
CHANGE (%) 2.2% 47.6% -5.3% 12.4% 29.7%
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 products and portfolio of brands that our customers enjoy today.
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DIAMONDS OF THE GREEK ECONOMY
2019
WATER SUPPLY Industrial Turnover 328,851,000.00 €
PROFIT BEFORE TAXES 41,324,000.00 €
Athens Water Supply and Sewerage Company (EYDAP SA)
Serving 4. 3 million customers
Ioannis Benisis, Chief Executive Officer
Contact details 156 Oropou St., 111 46 Galatsi, Attica, Greece Tel.: +30 210 2144444 Fax: +30 210 2144159 Website: www.eydap.gr
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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 3.2 million residents with sewers spreading over some 8,000 km. 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 entering contracts with local authorities. EYDAP has launched an ambitious program of renewable energy utilization. The objective is to contribute to optimizing the country’s energy balance, and explore the possibility of expanding to new profitable business. EYDAP’s energy sector involvement concerns projects in hydropower; cogeneration of heat and power using biogas and natural gas; solar energy projects; and, energy reduction initiatives. 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 (Hellenic Exchanges).
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 Net worth 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
2019
Non metallic minerals Industrial Turnover 112,801,466.00 €
PROFIT BEFORE TAXES 65,651,703.00 €
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 owned by the group is the marble trading company MARMI BIANCHI, based in Marina di Carrara, Italy. The parent company (FHL H. KYRIAKIDIS MARMARA-GRANITES SA) and the group posted 2017 sales of €112.80 million and €113.65 million, respectively. Pre-tax earnings for the parent company amounted to €65.65 million compared to €27.71 million a year earlier, while consolidated profits jumped to €64.72 million compared to €27.07 million in the corresponding period of 2016. Group EBIDTA more than doubled to €69.37 million against €30.22 million a year earlier, pushing the EBIDTA margin to 61.04% compared to 45.42% in 2016. Similarly, parent company EBITDA jumped to €69.37 million compared to €30.44 million a year earlier, with the EBIDTA margin climbing to 61.49% compared to 46.42% in 2016. At the end of 2017, the Company and the Group’s staff numbered 325 and 388 employees, respectively, versus 278 and 336 employees, respectively, at the end of 2016. The company and the group have developed a strong export effort, with the upward trend in sales indicating that the markets of China, Middle East, former Soviet Union, Singapore, South Korea and Indonesia are still major group customers and have not been significantly affected by the economic crisis, exhibiting dynamic growth rates. The firm’s presence in the region of China -where demand for Volakas marble is particularly high- is taken care of by its distributors and regular visits of its sellers, as well as participation in various shows and exhibitions.
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
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
FHL I. KIRIAKIDIS S.A. 2016 2017 65,573,616.00 € 112,801,466.00 € 27,707,236.00 € 65,651,703.00 € 41,004,985.00 € 82,514,825.00 € 65,103,072.00 € 88,071,187.00 € 42,334,119.00 € 80,247,761.00 €
Change (%) 72.0 136.9 101.2 35.3 89.6
To πανίσχυρο DIESEL
www.aegeanoil.gr
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DIAMONDS OF THE GREEK ECONOMY
2019
Transportation Commercial Turnover 933,318,800 €
PROFIT BEFORE TAXES 58,043,290 €
AEGEAN AIRLINES SA
Greece’s largest airline
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/
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Aegean Airlines is Greece’s largest airline since 1999 offering full service, premium quality short and medium haul services. Being a member of Star Alliance, the airline offers high quality services both for passengers and cargo. In October 2013, Aegean acquired Olympic Air, and 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. The 2019 timetable includes a network of 151 destinations, 31 domestic and 120 international to 44 countries. Flights will be carried out by one of the youngest fleets in Europe, comprising 61 aircraft. AEGEAN has been honored with the Skytrax World Airline award, as the best European regional airline in 2018. This was the 9th time we received the relevant award. Among other distinctions, AEGEAN captured 5th place, for the second consecutive year, in the world’s 20 best airlines list (outside the US) in 2018 Readers’ Choice Awards survey of Conde Nast Traveler. In 2018, the airline transported 14 million passengers to 151 destinations via 61 aircraft. Notably, the load factor rose to 83.9%. Of all passengers, 7.84 million were international and 6.12 million domestic passengers. In total, the company in 2018 recorded a 6% increase in total passenger numbers, raising the average passenger number to 127 from 121 in 2017. It should be noted that the company’s air services are split into Scheduled Services (generating the largest part of revenue), Charter and Other (ancillary, cargo, executive aviation). Finally, most sales came from the international market. In 2018, the firm posted an increase of 5% in consolidated turnover, to €1.19 billion while pre-tax profit rose 13% to €67.9 million. EBITDA dropped slightly to €111.4 million compared to €119.8 million in 2017.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
AEGEAN AIRLINES SA 2016 891,534,490 € 50,017,760 € 89,332,510 € 214,497,140 € 367,109,340 €
2017 933,318,800 € 58,043,290 € 104,259,820 € 196,522,660 € 398,376,660 €
Change (%) 4.7 16.0 16.7 -8.4 8.5
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DIAMONDS OF THE GREEK ECONOMY
2019
PAVLIDIS MARBLE GRANITE S.A.
Enjoying a jump in 2017 sales and profit Non-Metallic Mineral Industrial Turnover 81,397,313 €
PROFIT BEFORE TAXES 42,016,654 €
In 1980, Efkleidis Pavlidis established PAVLIDIS MARBLE-GRANITE, 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, with a dynamic presence in beige marble. The company operates five (5) quarries: Ariston quarry, Kavala, Volakas, Florida and Perla quarries. 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. 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 Northern Macedonia’s largest companies: a vertical marble extraction and processing unit that produces the famous white marble SIVEC. This strategic agreement upgrades the company to an undisputed leader in white marbles, greatly strengthening its position on the global market.
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
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PAVLIDIS MARBLE GRANITE S.A. 2016 2017 62,220,278 € 81,397,313 € 31,097,231 € 42,016,654 € 40,638,315 € 53,334,482 € 87,012,913 € 104,163,308 € 21,260,862 € 69,595,465 €
Change (%) 30.8 35.1 31.2 19.7 227.3
Kentriki Odos S.A.
231 km of road delight Transportation Services Commercial
Turnover 88,067,642 €
PROFIT BEFORE TAXES 40,401,945 €
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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Odos Kentrikis Ellados or Kentriki Odos (Central Road) 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, as a subsidiary company of the GEK TERNA Group combines know-how, experience and expertise along with a comprehensive knowledge of the Greek reality. At the end of 2018, Ferrovial SA sold a 33.34% share in the company to GEK TERNA SA, which now owns 100% of the firm. Having undertaken an inspired project of a total budget of about 1.4 billion euros, Kentriki Odos aims at creating modern and safe motorways of European standards that will contribute to national economic development, safeguard environmental protection and upgrade the quality of life of society at large. The 231km-long road project is of strategic importance for the country’s development, as its purpose is to the Aftokinitodromos Kentrikis Ellados [Central Greece Motorway] (E65), from PATHE semi-I/C near Thermopiles I/C, to Egnatia I/C after Oksinia (total length 174km), and to manage and maintain PATHE section from Skarfia to Raches (total length 57km).
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Kentriki Odos S.A. 2016 2017 144,497,320 € 88,067,642 € 16,388,723 € 40,401,945 € 17,376,630 € 11,050,400 € 78,792,029 € 121,629,869 € 635,395,979 € 626,118,671 €
Change (%) -39.1 146.5 -36.4 54.4 -1.5
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DIAMONDS OF THE GREEK ECONOMY
2019
Aluminium and 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 products. 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 14 industrial units in four countries, 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&R) ● 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 metals industry. The aluminium segment comprises of the aluminium rolling 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 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&R (heating, ventilation
and airconditioning). Elval’s aluminium rolling production unit is certified as per ISO 9001:2015, ISO 14001:2015, ISO 50001:2011 OHSAS 18001:2007 and IATF 16949:2016. 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), Epirus Metalworks (Greece), Sofia Med S.A. (Bulgaria) and HC Isitma (Turkey) as well as NedZink processing zinc (the Netherlands). ElvalHalcor provides quality copper and copper alloy products, ranging from copper tubes for water and heating networks, air-conditioning, refrigeration, renewable energy and industrial applications, to copper and copper alloy sheets and strips for architectural and industrial applications. The copper segment operates efficient manufacturing facilities in Greece and Bulgaria as
well as in the Netherlands for zinc products, 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 the largest in Europe, 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 valueadded solutions to meet wideranging 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 tailormade product solutions. Halcor’s copper tubes production unit is certified as per ISO 9001:2015, ISO 14001:2015,OHSAS 18001:2007, and ISO 50001:2011 . For more information, please visit: http:// www.halcor.com.
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DIAMONDS OF THE GREEK ECONOMY
2019
Food Products Industrial Turnover 135,934,244.00 €
PROFIT BEFORE TAXES 6,779,159.00 €
CHIPITA S.A.
A Greek industry with strong global activities
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 followed shortly thereafter by the 7DAYS mini croissant. A few years laterin 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 1996 by setting up manufacturing plants in Bulgaria, and Egypt, followed by Poland, Romania, Russia, Saudi Arabia, Turkey, Malaysia and Mexico. At the same time, Chipita also set up commercial offices in 8 countries- Czech Republic, Germany, Hungary, Serbia, Slovakia, Ukraine, Belarus and UK. Chipita is currently active internationally in 3 major product categories: croissants and similar dough products, bread-based baked snacks (Bake Rolls) and other products. 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 55 countries, either directly or through strategic partnerships. More specifically, in Greece the company operates 2 manufacturing plants (in Lamia & Larissa). It operates one plant in Sofia (Bulgaria), one in Istanbul (Turkey), one in Bucharest (Romania), one in Tomaszów Mazowiecki (Poland), one in Saint Petersburg (Russia) and one in Mumbai (India). In total, Chipita owns 7 production plants with 37 production lines. Chipita also operates 9 more manufacturing plants through joint ventures: five 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 start operating in 2019. 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). In 2017, the company posted a rise in sales to 117 million euros compared to 109 million euros a year earlier, with pre-tax profit at 38.2 million euros. The Group posted an increase in consolidated sales to 460 million euros versus 402 million euros in 2016, while pre-tax earnings stood at 34.2 million euros. In the investment segment, the company has embarked on a major effort to enter markets in the Far East, as well as the Americas, where it already has a strong presence in the Mexican market.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
CHIPITA S.A. 2016 109,438,000 € 31,099,000 € 29,680,000 € 361,416,000 € 294,177,000 €
2017 117,883,000 € 38,325,000 € 34,213,000 € 386,409,000 € 290,432,000 €
Change (%) 7.7 23.2 15.3 6.9 -1.3
Quality and Innovation in the Coatings Industry since 1972 Established in 1972, NEOKEM started the development and production of high-quality coatings that matched and even exceeded the expectations of our customers. In 1987, in a demanding environment for advanced high-tech products, we were the first Greek company to implement the production of powder coatings for aluminum architectural systems, industrial and other uses. In 2006, inspired by the market trends and motivated by our customers’ particular needs, we produced super durable powder coatings with excellent resistance to adverse outdoor conditions. Today, our business continues to grow along with our goals and expectations. We are a leading international Powder Coating manufacturer with products that are globally recognised and distributed in over 25 countries through our network of subsidiaries and sales partners.
We develop powder coatings Applied Creative Solutions For more info about our sales network you may visit our website
Cooperation and support We continuously support the quality of our products at a commercial and technical level. NEOKEM’s highly trained staff provides reliable solutions and responds with utter professionalism to your needs and provide support regarding the design, information and service of NEOKEM coatings.
HEADQUARTERS: 95, Ag. Georgiou Str. GR 194 41 Koropi Attiki Greece, P.O. BOX 143 Tel: +30210 6626860 Fax: +30210 6625305 e-mail: info@neokem.gr
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DIAMONDS OF THE GREEK ECONOMY
2019
Telecommunications Commercial Turnover 871,500,000 €
PROFIT BEFORE TAXES 37,200,000 €
VODAFONE - PANAFON
A global telecom giant
Haris Broumidis, Chief Executive Officer
Contact details 1-3 Tzavella St., 152 31, Chalandri, Athens, Greece Tel.: +30 210 67.02.000 & +30 210 67.03.000 Fax: +30 210 67.03.200 Website: www.vodafone.gr
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Vodafone Greece is a member of the Vodafone Group, one of the world’s largest telecommunications groups. With unique expertise and talented human resources, Vodafone invests in the most advanced and resilient digital infrastructure, reliably supporting the needs of individuals and businesses, and actively contributing to economic and social development in the country. In its 26 years of operation in Greece, Vodafone has been contributing to innovation by implementing a strategic investment plan by 2020, valued at 500 million euros. In 2008-2015, Vodafone invested funds in excess of 1.5 billion euros in Greece. Vodafone Greece boasts one of the largest private fiber optic networks in Greece, exceeding 7,000 km and serving more than 700,000 broadband connections/subscribers. At the same time, it has more than 2,350 installations with “fiber to the building”. Vodafone is nowadays leading the first large scale home fiber optic networking (FTTH) in Greece. In this context, the company recently completed the development of a new generation network (using also fiber optics) in several areas of Attica. In coming months, the firm will continue with the installation of new generation networks (either FTTH or FTTC) in many areas of Athens, Thessaloniki, Volos, Kozani, Ioannina and Veria. At the same time, the company is continuously expanding its mobile telecom network, with extensive 3G and 4G coverage and 4G+ services offering high speeds, quality and reliability to subscribers. Vodafone provides comprehensive communications and entertainment services such as fixed, cell/mobile, Internet and TV, as well as specialized business solutions. Vodafone Home provides fixed-line telephony and Internet for every home. The Vodafone TV IPTV platform has the largest On Demand catalog in Greece, while following a recent deal on the distribution of Novasports channels, Vodafone offers subscribers the opportunity to enjoy top sporting content. In cell/mobile telephony, Vodafone keeps offering new features and innovative prepaid and contract products that combine speech and data. Vodafone is also a reliable partner to businesses and professionals, providing integrated solutions that combine IT with telecoms. In 2018, a major company achievement was the acquisition of Cyta Hellas, a merger completed in April 2019, which enables Vodafone to fully tap into the fiber optic network previously owned by Cyta. Another positive development was an increase in the fixed telephony and TV subscription base. In 2018, the firm posted a significant drop in operating expenses, compared to the previous year, resulting in an increase in the EBITDA margin.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Vodafone – Panafon S.A. 2017 2018 853,400,000 € 871,500,000 € 5,400,000 € 37,200,000 € 275,400,000 € - 300,000,000 € 332,400,000 € 995,400,000 € 971,600,000 €
Change (%) 2.1 588.9 10.8 -2.4
Your brand building partner
www.tonic.gr Φερών 6, 104 34 Aθήνα, Tηλ: 210 64 52 288, 210 64 52 461, e-mail: info@tonic.gr
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DIAMONDS OF THE GREEK ECONOMY
2019
HEDNO
Electricity
Connecting every corner of Greece through energy
Commercial Turnover 895,976,000 €
PROFIT BEFORE TAXES 36,698,000 €
Stefanos Oktapodas, CEO
Contact details 20 Perraivou St. & 5 Kallirrois St., 117 43 Athens, Greece Fax :+30 210 9281698 E-mail: infodeddie@deddie.gr Website: www.deddie.gr
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HEDNO was established in 2012 after the spin-off of the Distribution Segment of PPC S.A. Today it is a 100% subsidiary of PPC, but remains an organizationally and functionally independent company. Through the Medium and Low Voltage networks, HEDNO delivers electricity to 7.5 million customers, while the Company manages the High Voltage networks in Attiki and in the Non-Interconnected islands. With its number of customers and a total length of network lines of 240,000 km -nearly six times the earth΄s perimeter- HEDNO is one of the largest distribution companies in the EU. HEDNO employs about 6,500 individuals, who are allocated throughout the country and have specialized knowledge and they have received high-level training. HEDNO’s fundamental tasks are to ensure the efficient operation, maintenance and development of the country΄s distribution network, management of the Non-Interconnected islands electricity systems and to provide 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 and for the smooth operation of their electricity markets. The Company΄s vision is to achieve the best possible combination of quality and low cost services, while at the same
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time achieving a high level of environmental protection. HEDNO΄s strategy is based upon the application of new technologies for smart grids, including remote monitoring, automation and control, automatic metering, remote customer services, etc., through it΄s strategic projects. The Company aims at modernizing the network and transform it into a “Smart System” that continuously optimizes the management of all consumers and producers connected to it. In order to achieve its main objectives, HEDNO emphasizes on innovation, promoting new design, operation and management practices for the electricity distribution network in Greece. It
›››››› actively follows current research and development activities in Europe by participating in various research projects through European and national partnerships, in fields such as optimal integration of Distributed Energy Resources (both generators and consumers) in to the network, active network development and operation, exploitation of “big data” available by automatic meters and sensors, etc. Sustainable development constitutes an integral part of the strategy adopted by HEDNO since the very first day of its operation. Having acquired a central role in the Greek electricity market, the firm readjusts its Sustainable Development strategy, focusing on man and the environment. The Company’s compass is the UN 17 targets of sustainable development for 2030 aiming at strengthening as much as possible it΄s financial, social and environmental contribution. Achieving those targets is a big challenge for HEDNO but also a big opportunity to implement actions, activities and investments that would decisively contribute to the development of a sustainable Greece. HEDNO distributes energy to every corner of the country and is committed to delivering enhanced quality at a lower cost, promoting innovation, protecting the environment and securing a sustainable energy future for Greece.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
HEDNO 2016 2,019,842,000 € 13,845,000 € 66,115,000 € 41,613,000 € 686,168,000 €
2017 895,976,000 € 36,698,000 € 84,989,000 € 125,968,000 € 889,606,000 €
Change (%) -55.6 165.1 28.5 202.7 29.6
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DIAMONDS OF THE GREEK ECONOMY
2019
MISCELLANEOUS Industrial Turnover 198,015,153 €
PROFIT BEFORE TAXES 35,342,319 €
BIC VIOLEX SA
“Made in Greece” products, travelling worldwide
Vasilis Kourtakis, – President and CEO
Contact details 58 Ag. Athanassiou St., Anixi 145 69, Attica, Greece Τel: +30 210 6299000 Fax: +30 210 6216808 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 more than 1,400. 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 15,000 persons are employed by the company worldwide. In 2017, the Greek company invested 35 million euros in fixed equipment. Investments are primarily made in machinery to increase production capacity, manufacture new products, improve the production process and acquire new technology. In 2018, the projected invested funds exceeded 28 million euros. In 2017, foreign sales generated 176.2 million euros, while domestic sales generated 21.8 million euros. At global level, the group posted 2018 sales of 1.95 billion euros. Sales per category (in €): Stationery 771.9 million euros, Lighters 685.8 million euros, Shavers 438 million euros, and other products 54 million euros). For yet another year, most sales were made in North America (766 million euros), followed by developing markets with 625 million euros and Europe with 560 million euros.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
BIC VIOLEX SA 2016 202,645,697 € 40,717,372 € 78,176,424 € 160,796,669 € 80,774,869 €
2017 198,015,153 € 35,342,319 € 69,300,663 € 187,067,560 € 54,025,438 €
Change (%) -2.3 -13.2 -11.4 16.3 -33.1
DIAMONDS OF THE GREEK ECONOMY
2019
NESTLÉ HELLAS SA
Concluding an €8.5m investment in 2018 FOOD PRODUCTS Industrial Turnover 336,026,131 €
PROFIT BEFORE TAXES 34,719,777 €
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
Nestlé’s activities in Greece date back to the 19th century, when products were imported from Switzerland. Nowadays, Nestlé Hellas markets some of the most popular products, such as: Fitness cereals, Nescafe, Nespresso, Korpi, Perrier, Maggi, Crunch, etc. 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 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; with eight ultramodern production/packaging lines for Nescafé Classic and Greek coffee Loumidis Papagalos. The Corpi plant produces natural mineral water. 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 some 800 people as permanent staff. In 2018, the firm concluded its investment program, valued at 8.4 million euros, in the Inofyta coffee plant. It involved the construction of new state-of-the-art roasting facilities for Greek coffee. This investment is part of the company’s broader investment plan, which over the past 3 years has topped 20 million euros.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
NESTLÉ HELLAS SA 2016 2017 331,553,521 € 336,026,131 € 10,667,744 € 34,719,777 € 175,016,419 € 152,058,412 € -38,305,220 € 43,642,565 € 293,808,986 € 204,163,900 €
Change (%) 1.3 225.5 -13.1 -30.5
SERVICE 800 TELEPERFORMANCE SA
Leading the sector by far Miscellaneous Commercial
Turnover 165,539,676 €
PROFIT BEFORE TAXES 31,822,003 €
Contact details 330 Eleftheriou Venizelou St., 176 75, Kallithea, Athens, Greece Tel: +30 2109490500 Fax: +30 2109403383 Website: http://gr.www.teleperformance.com
Established in 1989, Teleperformance Greece 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 8400 people from 91 nationalities. A Quality Management Certified Company and in full alignment with the Group’s Performance Management Process and Standards, Teleperformance Greece operates today out of six multilingual hubs in Athens, one in Thessaloniki and one more in Chania, with a combined capacity of more than 11,400 agent workstations. We support major multinational clients in the Automotive, Business Services, Consumer Electronics, Energy, Fast Moving Consumer Goods, Gaming, Financial, Healthcare, Insurance, Retail and e-Retail, Technology, Telecommunications, and Travel arenas, and we are proud to say that we have become one of the most attractive partners to support Customer Care, Technical Support, Customer Acquisition, Account Receivables Management and BPO Services in the European continent.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SERVICE 800 - TELEPERFORMANCE SA 2016 2017 126,543,592 € 165,539,676 € 27,261,241 € 31,822,003 € - - 38,853,828 € 48,741,274 € 26,527,363 € 36,615,843 €
Change (%) 30.8 16.7 25.4 38.0
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DIAMONDS OF THE GREEK ECONOMY
2019
Car rentals Commercial Turnover 189,135,266 €
PROFIT BEFORE TAXES 30,731,298 €
AUTOHELLAS SA (HERTZ)
Breaking the records every year
Eftychis Vasilakis, Vice President & CEO
Contact details 31 Viltanioti St, 145 64, Kifissia, Attica, Greece Tel: +30 210 6264000 Fax: +30 210 6264409 Website: https://www.hertz.gr
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Since 1974, the company has been active in the automobile sector. The main pillars on which the Group’s activities are based are: Rent a Car (Renting and Operating Leasing), International activities (Renting and Operating Leasing and Car Sales) and Car sales (Importing/Distribution/Retail). It owns the largest private fleet of vehicles, with more than 44,000 vehicles and over 143 sales points in Greece and abroad and employs more than 1300 people. The Group purchased 12,000 cars to support organic growth and enhance quality of services in the 8 countries it operates, reaching a peak-time fleet of 44,500 vehicles, another historical record. Autohellas Group operates in Greece and another seven countries through subsidiaries: Cyprus, Romania, Bulgaria, Serbia, Montenegro, Ukraine and Croatia; it is a licensed agent for Hertz in these countries and has representation rights for the Thrifty, Dollar and Firefly brands in select countries. In Bulgaria, the Group’s activities extend to import and distribution of SEAT vehicles. The dynamic presence of the Autohellas Group through its subsidiaries abroad has generated great results so far, contributing significantly to the Group’s profitability and growth. Autohellas reported 2018 consolidated Group revenue at €470.4m, up an impressive 38% compared to €340.6m in 2017. Notably, 2018 was the first year that Hyundai Hellas and KIA Hellas (acquired in Dec. 2017) were included in Group Consolidated Revenue. Even on a fully compatible basis, excluding Hyundai/Kia activity, revenue grew 17.8%, retaining the growth momentum the firm enjoys in all three segments. Growth in Rentals and Leases was largely driven by growth in Greece. In particular, there was an overall increase of 11.7%, due both to the development of Rent a Car and long-term operating leases, reaching a fleet of 34,000 cars in the summer months. In Greece, the company in 2018 added several hundreds of new companies to its clientele, and continued to invest in its human resources development, as well as in its infrastructure in the main tourist areas of the country. In Q1 2019, consolidated sales jumped 15.7% to €112.1 million compared to €96.9 million in the same period a year earlier. Sales from car rentals, the Group’s main activity in Greece and abroad, rose 8% to €36.3 million. EBITDA rose 13% to €27.7 million, while Group earnings after tax (EBA) in Q1 2019 rose to €1.9 million from €1.6 million in the corresponding period a year earlier.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
AUTOHELLAS SA (HERTZ) 2016 2017 161,432,358 € 189,135,266 € 21,345,786 € 30,731,298 € 41,574,474 € 51,190,289 € 156,864,819 € 180,612,424 € 335,421,122 € 391,845,119 €
Change (%) 17.2 44.0 23.1 15.1 16.8
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DIAMONDS OF THE GREEK ECONOMY
2019
PUBLIC PROPERTIES COMPANY S.A.
REAL ESTATE
Leading force in real estate management
Commercial Turnover 47,652,227 €
Public Properties Company S.A. (PPCo) owns and manages the largest real estate portfolio in Greece. It was established in 1998 as “Company for the development of GNTO’s property”. Since 2016, PPCo is a whollyowned subsidiary of the Hellenic Corporation of Assets and Participations (HCAP) S.A.
PROFIT BEFORE TAXES 27,684,972 €
Mission The company’s mission is to efficiently manage and develop its real estate assets with a view to improve, protect and develop its property portfolio. The company’s priority is to maximize the long-term potential of its assets through development and investment.
Georgios Terzakis, CEO
Contact details 7 Voulis St., 10562, Athens, Greece Email: info@etasa.gr Website: www.etasa.gr
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Portfolio Public Properties Company S.A. manages a broad real-estate portfolio throughout Greece: ● Tourism properties such as the former Xenia Hotels, Marinas, Camping Sites, Ski Centres, Museums, Caves, Tourist Kiosks, Hot Springs as well as large areas of land with excellent prospects for tourism development. ● Olympic Properties (Schinias Olympic Rowing Centre, Galatsi Olympic Hall, Tae Kwon Do Course at Faliro Bay, etc.). ● A large number of properties of the Greek state’s private property characterised by an exceptional variety in terms of characteristics, categorization, geographical area and type of exploitation suitable for each category, ranging from urban leases and agricultural leases to the development of alternative forms of infrastructure energy on geothermal fields. Property Management Through the www.e-publicrealestate.gr platform, PPCo has created a pioneering portal that allows domestic and international investors to lease or buy properties through a transparent and expeditious procedure. Tourism infrastructure and land suitable for tourism development, as well as real estate properties with significant potential, are
››››››
leased to investors under long-term concession contracts, following tenders. PPCo also provides a wide selection of venues suitable for hosting any type of event such as conferences, corporate presentations, concerts, receptions social and sporting events that are utilized through short-term leases to interested individuals, companies or other private or public sector entities. Property Development Through the commercial development of its properties and by attracting capital and investment, PPCo contributes to the country’s growth prospects and economic development of the country. Business partnerships with the private sector are actively encouraged by fostering those that will facilitate the creation of sustainable and financially viable development projects. Corporate Social Responsibility PPCo recognizes and assumes the burden of social responsibility, integrating EU principles on Corporate Social Responsibility. In this context, the company focuses on the continuous improvement of environmental
›››››› management and the development of initiatives to upgrade the natural environment and quality of life by setting strict environmental criteria in the specifications of the relevant tenders. In addition, PPCo includes among its main objectives and key obligations the parallel promotion and protection of our cultural heritage.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PUBLIC PROPERTIES COMPANY S.A. 2016 2017 46,590,214 € 47,652,227 € 14,398,360 € 27,684,972 € 31,606,798 € 31,247,852 € 421,371,872 € 867,400,475 € 306,246,129 € 305,924,341 €
Change (%) 2.3 92.3 -1.1 105.9 -0.1
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DIAMONDS OF THE GREEK ECONOMY
2019 Hotel
Commercial Turnover 62,696,000 €
PROFIT BEFORE TAXES 5,493,655 €
TEMES S.A.
A premier destination developer & operator
TEMES 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. Costa Navarino is located in Messinia, 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 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 4,000sqm spa & thalassotherapy centre; the state-of-theart 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 signature golf course, The Bay Course. Navarino Hills, with two 18-hole golf courses, is currently under construction. Costa Navarino Residences is a collection of luxury villas for private ownership, with sizes varying from 400sq.m. to 1,000sq.m. gross indoor areas, all in spacious plots from 1,500sq.m. to 3,000sq.m. The villas are located just a few meters from the beach or nestled among verdant olive groves. The real estate offering also includes The Residences at The Westin Resort Costa Navarino, a collection of fully furnished, freehold resort apartments for sale. 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. The award “Best Sustainable Destination” was presented to Costa Navarino by the World Travel & Tourism Council’s Tourism for Tomorrow Awards in 2014, highlighting the position of the destination as a global leader in sustainable practices. TEMES has developed several environmental programs in conjunction with the University of Stockholm, the Academy of Athens and environmental NGOs. TEMES group also owns a 51% stake in Ionian Hotel Enterprises S.A., one of leading companies in tourism, hospitality and asset management in Greece. The company owns a historic and emblematic property in the center of Athens. The company is repositioning this unique landmark in the center of Athens as a city destination comprising luxury hotel services, branded and serviced private residences, signature culinary venues and themed retail hub.
Contact details 5 Pentelis St. 17564 Athens, Greece Tel.: +30 210 9490 200 Fax: +30 210 9490 218 Email: info@temes.gr Website: www.costanavarino.com The Westin Resort Costa Navarino: www.westincostanavarino.com The Romanos, A luxury Collection Resort: www.romanoscostanavarino.com
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Total Revenue Profit Before Taxes Gross Profit Total Equity Liabilities
TEMES S.A. 2016 45,035,600 € 8,664,976 € 3,673,952 € 309,150,448 € 255,167,044 €
2017 62,696,000 € 5,493,655 € 7,306,828 € 326,262,223 € 226,468,580 €
Change (%) 39.2 -36.6 98.9 5.5 -11.2
DIAMONDS OF THE GREEK ECONOMY
2019
Supermarkets Commercial Turnover 761,589,000 €
PROFIT BEFORE TAXES 25,798,000 €
Diamantis Masoutis S.A.
Operating 329 stores across Greece
The story of DIAMANTIS MASOUTIS S.A. started in 1976, when Diamantis Masoutis established the first company store in the heart of the city of Thessaloniki. In 2018 Masoutis expanded to Attica and Andros, carrying out the biggest buyout in its history. With this expansion the company reinforced its capacity throughout Greece, where it was already one of the most important forces, as the sector leader in Northern Greece. The firm, operating a network of 329 stores, is active in the regions of Eastern Macedonia & Thrace, Central Macedonia, Western Macedonia, Epirus, Thessaly, Western Greece, Central Greece, Attica, North Aegean, and South Aegean. The company employs a staff of more than 8,400. Following many years major investment in IT and Communications, the company has created infrastructure that guarantees high availability, business continuity, data security, data validity, and a high level of security. The company’s innovation has been based on complete knowledge of business needs, excellent knowledge of new technologies, comprehensive management support, and daring. Masoutis has one of the largest and most modern Storage and Distribution Centres in Greece and the broader Balkan region, located in Kavalari, Thessaloniki, as well as a storage facility in Markopoulo, Attica, offering high-quality storage, distribution, and quality assurance services. The firm applies an integrated internal and external Corporate Social Responsibility strategy. The internal strategy concerns the staff and the external strategy concerns society, the environment and the product. Enjoying continuous growth, the company is creating new jobs, in turn supporting the economy, local communities and producers. The number of employees increases each year, even in recent times when the financial crisis affected all sectors of the economic and social life of professionals and consumers. The company has a very intense corporate responsibility activity, having invested over the last 5 years approximately 2.5 million Euros in this sector, implementing important programmes, such as “Together, wherever there is need”, which is implemented together with “Apostoli” charity organisation, run by the Archbishopric of Athens. Since 2012, Masoutis has been featured in the list of the top 10 companies with the best work environments in Greece, at the Great Place to Work awards, while since 2013 it has also stood out at similar awards in Europe. A Masoutis staff Blood Bank has been operating since 1993 at Ippokrateio General Hospital in Thessaloniki. Two blood donations are held every year at company facilities. The company organises and participates in many actions for charities and the environment, offering help to many social groups that need financial support. Masoutis supports local producers and Greek products, as up to 97% of the company’s private label products, “Mr Grand”, “Masoutis from our land”, “Masoutis Organic Choices”, and “First Class”, are produced in Greece.
Contact details 14th Km Thessaloniki-Vasilikon Rd, 57001, Thermi, Thessaloniki, Greece Tel: +30 2310 803 803 Fax: +30 2310 803 804 E-mail: info@masoutis.gr Website: http://www.masoutis.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Diamantis Masoutis S.A. 2016 2017 800,583,000 € 761,589,000 € 36,858,000 € 25,798,000 € 187,366,000 € 177,256,000 € 103,448,000 € 108,351,000 € 433,941,000 € 402,180,000 €
Change (%) -4.9 -30.0 -5.4 4.7 -7.3
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DIAMONDS OF THE GREEK ECONOMY
2019
Transportation Services Commercial Turnover 162,459,591 €
PROFIT BEFORE TAXES 25,275,460 €
PIRAEUS CONTAINER TERMINAL S.A.
Higher sales and pre-tax profit in 2018
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. 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 16.5 meters, while Pier II’s east-side quay length is 780 meters, with a depth of 14.5 meters. Pier III’s east-side quay length is 600 meters with a depth of 18.5 meters, while the west side has an operational quayside of 400 meters and a depth of 19.5 meters. PCT occupies a total surface area of about 764,000 square meters, with an enormous supporting container stacking area – paved with concrete blocks and designed for an annual capacity of about 5.5 million TEUs. The stacking blocks will be served by units of state-ofthe-art automated rail-mounted gantry cranes (RMGs). Also, there will be plug points for refrigerated containers. According to the company’s published 2018 balance sheet, sales inched up to 195.7 million euros compared to 162.4 million euros a year earlier. The bulk of sales came from loading/unloading (167 million euros) and warehousing (12.5million euros). Pre-tax profits increased to 30.8 million euros from 25.2 million euros a year earlier.
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
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PIRAEUS CONTAINER TERMINAL S.A. 2016 2017 160,022,599 € 162,459,591 € 40,290,312 € 25,275,460 € 53,079,030 € 37,626,461 € 179,964,404 € 197,763,133 € 329,382,032 € 325,632,764 €
Change (%) 1.5 -37.3 -29.1 9.9 -1.1
DIAMONDS OF THE GREEK ECONOMY
2019
HELLENIC DAIRIES S.A.
Among the sector’s leading forces Food Products Industrial Turnover 256,717,193 €
PROFIT BEFORE TAXES 25,213,735 €
Contact details 5th km Trikala-Pyli Rd. Trikala, 42100, Greece Tel.: +30 2431061222 Email: contact@hellenicdairies.com Website: www.hellenicdairies.com
HELLENIC DAIRIES SA is a family-run business of third generation that operates in the dairy sector, continuing its uninterrupted operation and contribution to the Greek economy and primary production. Apart from Greece, the firm is active in 47 foreign countries. The deep and firm belief that behind every good there is something even better, and the stable and consistent philosophy to produce safe and quality products has resulted in the use of high-quality raw materials, ensuring quality and safety. These two factors are placed to the top of our priorities. The company is firmly focused on the development of new innovative products. Combining excellent raw materials, high technology, strict hygiene and safety in the production and the passion of its 800-strong staff, the company offers a full range of dairy products with the authentic traditional taste that have captured the consumers’ heart. At the same time, for HELLENIC DAIRIES, Corporate Social Responsibility constitutes a part of a long-term strategy. Precisely, it is the only dairy company in Southeast Europe that has installed an integrated waste treatment plant, including a biogas facility. More specifically, the installation of the biogas plant is an innovative investment, unique in Europe in the dairy sector, valued at 10 million euros. It aims at the efficient treatment of all liquid waste coming from the facility’s’ production activities. This project -based on the generation of green energy- shows our corporate responsibility towards the environment and the society. By reducing waste, conventional energy, carbon dioxide and pollution, we contribute to the overall effort for a better quality of life dedicated to future generations. HELLENIC DAIRIES remains faithful to its values, by designing, investing and innovating. Its intention is sustainable growth, bringing value to its shareholders, employees, suppliers, customers and consumers.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
HELLENIC DAIRIES S.A. 2016 2017 224,952,645 € 256,717,193 € 7,632,927 € 25,213,735 € 48,391,584 € 56,565,976 € 140,997,895 € 155,692,458 € 151,335,452 € 148,779,327 €
Change (%) 14.1 230.3 16.9 10.4 -1.7
PLASTIKA KRITIS SA
Among the sector’s top PLASTICS - RUBBER
PLASTIKA KRITIS, established in 1970, is one of the leading European producers of masterbatches and agricultural films. The firm has a strong international orientation with plants in France, Romania, Poland, Russia, Turkey and China, while it exports to more than 70 countries around the world. It has been listed on the Hellenic Exchanges since 1999. The company specialises in the production of: KRITILEN® masterbatches, KRITIFIL® agricultural films, KRITIFLEX® geomembranes, KRITISOL® polyethylene pipes, KRITISAN® recycled plastics, and KRITIRES® renewable energy. PLASTIKA KRITIS products are intended for the plastics industry, the horticultural & agricultural markets, as well as projects related to water-management & environment protection. PLASTIKA KRITIS also owns and operates a 12MW Wind Park and 340KW of photovoltaic stations in Greece, generating power to secure the firm’s most competitive source of energy.
Industrial
Turnover 142,651,000 €
PROFIT BEFORE TAXES 24,221,000 €
Contact details R St., Irakleio Industrial Area, 715 00, Irakleio, Crete, Greece Tel.: +30 2810 308500 Fax: +30 2810 381328 E-mail: info@plastikakritis.com Website: www.plastikakritis.com
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PLASTIKA KRITIS S.A. 2016 2017 140,059,000 € 142,651,000 € 22,163,000 € 24,221,000 € 33,659,000 € 34,970,000 € 151,555,000 € 162,538,000 € 36,787,000 € 30,113,000 €
Change (%) 1.9 9.3 3.9 7.2 -18.1
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DIAMONDS OF THE GREEK ECONOMY
2019
Cosmetics Industrial
SARANTIS GROUP
A bright example of business excellence and growth through investment
Contact details 26 Amarousiou-Chalandriou St., 151 25, Athens, Greece Tel.: +30 210 6173.000 Fax: +30 210 6197.124 Website: 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 a legacy of more than 50 years of operation in Greece, Sarantis Group has become one of the leading suppliers in the Fast Moving Consumer Goods (FMCG) market. In spite of difficulties in the business and financial environments, the Group has a striking track record of double-digit growth rates both in Greece and abroad, while managing to generate liquidity and net cash flow. As a result, the Group is able to re-fuel its development and finance its investment plans, involving acquisitions of companies and brands, and the upgrade of its production facilities, R&D Center and the chain supply. In 2018, Sarantis Group once again posted an impressive performance, characterized by a significant two-digit increase in both sales and profitability. Such exceptional performance was attributed to the successful implementation of the Group’s strategy, focusing on sales growth, both on an organic basis and through acquisitions, costefficiency, optimization of production and distribution infrastructure, and added-value from synergies. Group consolidated sales in 2018 rose to €344 million compared to €299.68 million a year earlier, recording an increase of 14.79%. The growth in sales was observed in the main business categories in all geographical areas where the Group operates; it was attributed on successful new product launches and new additions to the Group’s product portfolio, and on the effective holistic communication plan and the successful commercial approach in all distribution channels in the countries the Group is active. The Group’s commitment to continuously improving productivity, increasing operational leveraging and capitalizing on acquisitions has led to a significant increase in profitability. As a result, in 2018, EBITDA rose 18.49% to €46.99 million, while net profit jumped to €32.54 million, up 13.65%. The Group’s product portfolio includes more than 80 very popular brands that are milestones in their classes. NOXZEMA, CARROTEN, BIOTEN, ORZENE, STR8, BU, C-THRU, PROSAR, SANITAS, AVA, TEZA, PYROX, CAMEL and AFROSO are some of the products manufactured by the Group that enjoy high recognition and significant market shares. Also, through exclusive distribution deals, the Group markets several strong brands, such as LA PRAIRIE, CHOPARD, PRADA, NINA RICCI, CARTIER, CAROLINA HERRERA, TRUSSARDI, PACO RABANNE, JEAN PAUL GAULTIER, JOHNSON & JOHNSON, WELLA, KOLESTON, NEW WAVE, LANES, BIO-OIL, etc. In addition, through a joint venture with ESTEE LAUDER COMPANIES, Sarantis is also a distributor in Greece of ESTEE LAUDER products. The Group’s international presence includes 12 subsidiaries in Europe: Poland, Romania, Bulgaria, Serbia, the Czech Republic, Slovakia, Hungary, Northern Macedonia, Bosnia and Herzegovina, Portugal, Ukraine and Russia. NotSarantis’ products are exported to more than 40 countries. The Group’s strategic priorities are focused on developing new products, geographically expanding, increasing economies of scale, lowering costs, locating acquisitions that offer added value, and re-investing in high-yielding activities. In this context, the Group in early 2018 acquired two companies: INDULONA, cosmetics with a significant presence in Slovakia and the Czech Republic, and ERGOPACK, a company with activity in the production and distribution of household products, with presence in the markets of Ukraine, Russia and the neighboring CIS countries (Commonwealth of Independent States), through which the Group makes its debut into a new and promising geographic area.
P&L (€ m.) Sales EBITDA EBITDA Margin ΕΒΙΤ EBIT Margin Net Profit Net Profit Margin
SARANTIS GROUP FY ‘18 % 344.00 14.79% 46.99 18.49% 13.66% 40.57 17.59% 11.79% 32.54 13.65% 9.46%
FY ‘17 299.68 39.66 13.23% 34.51 11.51% 28.63 9.55%
DIAMONDS OF THE GREEK ECONOMY
2019
Packaging Industrial Turnover 70,431,000 €
PROFIT BEFORE TAXES 22,587,000 €
KARATZIS S.A.
Keeping up growth momentum in 2018
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: Raschel Bags, Crop Baling, Tubular Net, Pallet Net wrap, Christmas Tree Netting, Display Packaging, Meat Processing, Gardening, Shade Net and Construction Net. The Group’s key competitive advantage lies in the innovative character of its products, which are characterized not only by top-quality standards but also by a high added-value that makes them irreplaceable for end users. At the same time, the key pillar of Karatzis’ successful business operations lies in the solid production base with a total factory floor space of over 45,000 sqm. The firm’s industrial complexes in Greece are located in: two factories in Heraklion, one in Larissa and one in Melidochori. The company also owns a production plant in Germany, Meshpack GMBH. The group is also involved in trading 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 in Spain. Zeus Packaging Agri Ltd. is a commercial company active in the promotion of Agricultural Packaging in the United Kingdom. Karatzis Italia & Karatzis Rus are purely commercial companies mainly addressing the Italian and Russian markets. Karatzis Group entered power generation in 2010 with the construction of several photovoltaic parks in Katerini, Larissa, Viotia and Heraklion, of a combined installed capacity of 15MW. In addition, an electricity supply company, KEN SA, went into operation as of January 2017 as a Karatzis Group fully-owned subsidiary. The Group is also involved in the hotel and tourism sector, with its privately-owned Nana beach resort in Hersonissos (Iraklion, Crete), a luxury hotel with 500 rooms & suites. In spring 2018, Karatzis Group will inaugurate another 5-star hotel in Hersonissos, the Nana Princess, which will boast 150 rooms and suites. In 2018, the firm reported sales of €69.9 million, with its main source of revenue being industrial activity (€51.90 million), followed by tourism (€13.98 million) and energy (€4.08 million). The Group in the same year saw consolidated sales jump 81.7% to €182 million compared to €100 million a year earlier. Energy was the main source of revenue with total sales of €106 million, followed by industrial activity (€62.01 million) and hotel activities (€13.98 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
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
KARATZIS S.A. 2016 65,853,000 € 11,024,000 € 18,625,000 € 106,110,000 € 49,044,000 €
2017 70,431,000 € 22,587,000 € 21,131,000 € 120,928,000 € 56,488,000 €
Change (%) 7.0 104.9 13.5 14.0 15.2
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DIAMONDS OF THE GREEK ECONOMY
2019
EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A.
Attending to the needs of 620,000 insurance policies
Insurances Commercial
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 more than 5,400 salespersons throughout Greece, serving the needs of 620,000 insurance policies. Significantly, the firm in the period 2009 to 2018 saw its production of premiums jump an impressive 62%! In addition, the Group posted a rise in 2018 total revenues to 202.4 million euros against 194.9 million euro a year earlier. Pre-tax earnings dropped to 15.4 million euros compared to 22.8 million euros in 2017. In 2018, the Group employed a total of 1175 people. The Group includes the following companies: European Reliance SA (parent), Alter Ego SA, European Reliance Asset Management SA and Reliance Insurance Brokerage Company.
PROFIT BEFORE TAXES 22,183,000 €
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
EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A. 2016 2017 Change (%) Turnover 167,685,000 € - Profit Before Taxes 20,616,000 € 22,183,000 € 7.6 Gross Profit - - Total Equity 96,222,000 € 116,064,000 € 20.6 Liabilities 290,364,000 € 299,852,000 € 3.3
SKYSERV S.A.
Offering a wide range of aviation services Handling Services Commercial
Turnover 44,242,170 €
PROFIT BEFORE TAXES 21,389,026 €
Contact details Building 23, Athens International Airport “El Venizelos”, Spata 19019, Attica, Greece Tel.: +30 210 3564 000 Email: commercial@skyserv.aero Website: skyserv.aero
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Skyserv Handling Services is the leading ground handling services provider in Greece. In 2013 Marfin Investment Group (MIG) announced the name change of its subsidiary Olympic Handling to Skyserv Handling Services. Skyserv has set benchmarks in safety, security, performance, efficiency, punctuality, respectability and reliability in the ground handling sector. The experienced and fully-trained personnel with a multi-year background in the ground handling sector bring a wealth of experience to the company and are one of its major assets. Skyserv is fully operational at 37 Greek airports, handling more than 12 million passengers per year. Skyserv offers a complete range of services associated with aircraft handling and provides an individual solution for each and every carrier, by recognizing and understanding the uniqueness of each client’s requirements and needs. At its 14,000-sqm Cargo Terminal at Athens International Airport, Skyserv offers secure, fast and reliable freight handling with customized and innovative logistics solutions. Skyserv Cargo Services are also available at Thessaloniki and Heraklion Airport. Skyserv offers a comprehensive range of services, based on each airline’s requirements and needs. Continuous improvement of handling processes is the cornerstone of upholding and developing first-class ground handling services. Skyserv defines, measures and – if required – customizes handling processes to achieve common targets with its clients. Innovative IT solutions enable Skyserv to improve service quality and enhance performance. Skyserv offers a premium product and service for an increasing number of premier customers, such as VIPs, CIPs, senior executives and business people. Its experienced and dedicated staff provides tailor-made services that reflect a commitment to safety, efficiency and the highest level of customer care.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SKYSERV S.A. 2016 33,978,094 € 6,986,398 € 5,805,351 € 9,615,723 € 13,027,345 €
2017 44,242,170 € 21,389,026 € 17,935,375 € 31,004,749 € 11,832,647 €
Change (%) 30.2 206.2 208.9 222.4 -9.2
DIAMONDS OF THE GREEK ECONOMY
2019 Port
Commercial Turnover 111,530,837 €
PROFIT BEFORE TAXES 21,186,804 €
PIRAEUS PORT AUTHORITY SA
Enjoying a most profitable year in 2018
Piraeus, the largest port in Greece and one of the largest ports in the Mediterranean, plays a crucial role in the development of international trade, as well as the local and national economy. With a history dating back to 1924 when major civil works started taking place, Piraeus Port to date has a range of activities concerning the Commercial and Central Ports, ship services and real estate development. Piraeus Port connects continental Greece with the islands; it is an international cruise center and a commercial hub for the Mediterranean, providing services to ships of any type and size. Piraeus is the largest port in Europe and one of the largest in the world concerning passenger traffic. It has a throughput volume of about 20 million passengers per annum (including the ferry traffic Salamis – Perama, which has a throughput volume of about 8 million passengers per year). 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 shares by China’s COSCO SHIPPING was completed in 2016. Today PPA employs more than 1000 people, and provides services to more than 24,000 ships annually. PPA contributes towards the local and national economic growth and is further developed by upgrading both infrastructure and services provided. The increasing demand for transit vehicles in the Eastern Mediterranean, Black Sea and North Africa places Piraeus is seen as 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. Regarding the Conventional Cargo, handling and storage of general cargo is primarily done through PPA facilities 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 2018, PPA posted a jump in sales to €132.9 million up 19.2% compared to a year earlier. Pre-tax earnings doubled to €42.3 million compared to €21.2 million in 2017, recording a 100% increase, while the net result skyrocketed 147% to €27.9 million compared to € 11.3 million a year earlier. Captain Fu Chengqiu, PPA Chairman and CEO commented that “2018 was the most successful year for PPA in terms of profitability...”
Contact details 10 Akti Miouli St., 18538, Piraeus, Attica, Greece Tel.: +30210 4550000 Fax: Email: olp@olp.gr Website: http://www.olp.g
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PIRAEUS PORT AUTHORITY SA 2016 2017 103,496,607 € 111,530,837 € 11,039,463 € 21,186,804 € 32,338,734 € 38,755,448 € 177,591,435 € 185,899,440 € 183,152,168 € 178,022,275 €
Change (%) 7.8 91.9 19.8 4.7 -2.8
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DIAMONDS OF THE GREEK ECONOMY
2019
L’OREAL HELLAS S.A.
A world leader in the beauty market Cosmetic Products Commercial
Turnover 140,237,140 €
PROFIT BEFORE TAXES 20,832,372 €
L’Oréal is the world’s number one company in cosmetics, 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 global activity 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. 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.
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. 2016 2017 129,999,910 € 140,237,140 € 16,299,802 € 20,832,372 € 92,091,782 € 98,655,795 € 22,425,967 € 30,013,486 € 34,985,147 € 33,957,804 €
Change (%) 7.9 27.8 7.1 33.8 -2.9
OLYMPIC S.A. (AVIS)
Improved financial results in 2018 Rent-a-Car Services Commercial
Turnover 169,906,000 €
PROFIT BEFORE TAXES 19,144,000 €
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/
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Avis is among the largest car rental companies, operating in 180 countries with more than 11,000 rental stations, and serving more than 10 million customers a year. The firm is active in the following areas: Rent A Car: Short-term Car Hire from 1 day to 1 year, Used Car Sales, Leasing: Long-term Hire of Cars, addressed to companies of any legal form but also to private individuals, as well as hiring private trucks up to 3.5 tons. Notably, the industry has a strong seasonality due to increased demand for short-term rentals during the summer. With its presence in Greece since 1960, Avis has been leading the way in the domestic field of car rental. Today, the company owns the franchise of Avis, Budget Rent a Car and Payless Car Rental for the whole of Greece. Avis operates some 80 rental stations and has a total fleet of 35,000 vehicles of all types. In 2018, the car rental company reported sales of €177 million, pre-tax earnings of €27 million and EBITDA of €81.9 million.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
OLYMPIC S.A. (AVIS) 2016 2017 163,191,000 € 169,906,000 € 19,354,000 € 19,144,000 € 48,202,000 € 45,573,000 € 97,672,000 € 110,078,000 € 318,967,000 € 324,907,000 €
Change (%) 4.1 -1.1 -5.5 12.7 1.9
DIAMONDS OF THE GREEK ECONOMY
2019
It & Office Products Commercial
Turnover 302,741,000 €
PROFIT BEFORE TAXES 6,040,000 €
Plaisio Computers S.A.
The leading pioneer 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 50 years. Since 1969, the company constantly invests in the improvement of its channels, physical and digital (24 stores located in major cities, the website plaisio.gr with more than 110,000 daily visits, B2B channel which serves more than 220,000 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 2018, Plaisio: Launched two brand new retail stores, in Agia Paraskevi & Chania-Crete. Refreshed its retail identity and implemented it in its new stores. Published its yearly Sustainability Report, which included information about the company’s employees, as well as social, environmental and economic data. Received numerous awards and recognitions, regarding its business growth, marketing strategy and financial results.
Plaisio Computers S.A. 2018 2017 Turnover 302,741,000 € 281,146,000 € Profit Before Taxes 6,040,000 € 7,320,000 € Gross Profit 61,174,000 € 60,230,000 € Total Equity 94,620,000 € 91,858,000 € Liabilities 59,585,000 € 63,988,000 €
Contact details Thesi Skliri, Magoula Attica 19018 Tel: +30210-5587700 Website: www.plaisio.gr
Change (%) 7,7 -17,5 1,6 3,0 -6,9
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DIAMONDS OF THE GREEK ECONOMY
2019
PHARMACEUTICALS Industrial Turnover 178,809,351 €
PROFIT BEFORE TAXES 15,467,921 €
Pharmathen SA
Cutting-edge innovation and strong extroversion
Contact details 6, Dervenakion Street , 153 51 Pallini Attikis , Greece Tel.: +30 210 66 04.300 Fax: +30 210 66 66.749 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 300 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 operating in all 5 continents; with offices in the Netherlands (headquarters), Greece, 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 85 countries, the company has reached export sales dynamics that account for up to 95% of 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 North-eastern Greece, which has been recently approved by the US Food & Drugs Administration (FDA) to export its pharmaceutical products and technology in the US market. The Company invested an additional amount of 36 million euros during 2018, adding up the total investment in Research & Development to 200 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 2018, the company’s total headcount reached 637 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 2017 176,163,599 € 15,931,014 € 68,256,648 € 60,794,011 € 155,381,161 €
2018 178,809,351 € 15,467,921 € 62,167,366 € 69,554,364 € 161,818,698 €
Change (%) 1.5 -2.9 -8.9 +14.4 +4.1
ExportLeaders.gr
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DIAMONDS OF THE GREEK ECONOMY
2019
GRECIAN MAGNESITE S.A.
Among the world’s top magnesia producers and exporters
Mines Industrial Turnover 41,184,514 €
PROFIT BEFORE TAXES 17,944,318 €
Contact details 45 Michalacopoulou St., 115 28 Athens, Greece Tel.: + 30 210 7240446 -7 Fax: + 30 210 7249711 Email: info@grecianmagnesite.com Website: www.grecianmagnesite.com
GRECIAN MAGNESITE is a privately-owned company established in 1959 as a mining and industrial concern. However, the magnesite mining expertise of the owners (Portolos family) goes back to 1914, when J.G. Lambrinides, the éminence grise of Greek magnesite, and a pioneer mining engineer, started the development and exploitation of most of the magnesite sites in Greece. As a magnesite specialist, the company produces and commercializes Caustic Calcined Magnesia, Deadburned (Sintered) Magnesia, Magnesium Carbonate (Raw Magnesite) and Basic Monolithic Refractories. A wide range of grades is currently produced, addressing practically all applications where magnesite is used. GRECIAN MAGNESITE ranks among the top magnesia producers and exporters in the world, with a staff of around 340 people (plus 30 permanent subcontractors). The company’s major deposits and production facilities are located in Chalkidiki, northern Greece. The Chalkidiki deposits consist of three main active concessions: Yerakini 7 km2, Ormilia 10 km2 and Kastri 23 km2. The company also owns “reserve” concessions totaling 16 km2 for future exploitation.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
GRECIAN MAGNESITE S.A. 2016 2017 38,582,767 € 41,184,514 € -538,312 € 17,944,318 € 1,512,290 € 1,032,487 € 22,474,653 € 36,105,925 € 28,408,634 € 31,826,693 €
Change (%) 6.7 3433.4 -31.7 60.7 12.0
ELTRAK S.A.
Trading the world popular Caterpillar Machinery
Eltrak is a member of Eltrak Group. ELTRAK Group consists of 3 companies: ELTRAK, ELASTRAK and ELTRAK Bulgaria. Eltrak was established in 1982 as the Caterpillar Dealer for Greece and has developed into a diversified distributor of some of the world’s leading brands of equipment, tyres and automobile parts. What characterizes the company is the quality of the goods it sells and the high level of service provided to customers. ELTRAK is responsible for the full line of Caterpillar equipment in Greece and Bulgaria and provides top quality after-sales support to its customers with excellent parts availability and professional service. Caterpillar is the world’s premier manufacturer of equipment for earthmoving, power generation, lifting equipment and marine industries, and is recognized throughout the world as a leader in terms of performance and reliability.
Commercial
Turnover 42,594,000 €
PROFIT BEFORE TAXES 15,956,000 €
Contact details 15 Thivaidos St., Nea Kifissia 14564, Athens, Greece Tel: +30210 8196800 Fax: +30210 8078214 Email: info@eltrak.gr Website: www.eltrak.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ELTRAK S.A. 2016 42,973,000 € 1,384,000 € 13,402,000 € 49,865,000 € 33,554,000 €
2017 42,594,000 € 15,956,000 € 14,675,000 € 45,167,000 € 43,622,000 €
Change (%) -0.9 1052.9 9.5 -9.4 30.0
DIAMONDS OF THE GREEK ECONOMY
2019
Chemical Products Industrial Turnover 68,557,237.00 €
PROFIT BEFORE TAXES 16,385,524.00 €
Dow Hellas S.A.
Operating in Greece since 1960
Dimitris Nikolaidis, Country Leader Greece
Dow (NYSE: DOW) combines one of the broadest technology sets in the industry with asset integration, focused innovation and global scale to achieve profitable growth and become the most innovative, customer centric, inclusive and sustainable materials science company. Dow’s portfolio of performance materials, industrial intermediates and plastics businesses delivers a broad range of differentiated science-based products and solutions for our customers in high-growth segments, such as packaging, infrastructure and consumer care. Dow operates 113 manufacturing sites in 31 countries and employs approximately 37,000 people. Dow delivered pro forma sales of approximately $50 billion in 2018. Dow Hellas S.A., a subsidiary of The Dow Chemical Company, was established in Greece in 1960. The company supplies regional customers a diverse range of basic and specialty raw materials, plastics and chemicals for packaging, infrastructure and consumer care. 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 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 Atrina Center, 32 Kifisias Avenue, Marousi 15125, Greece Tel.: +30 214 444 9910 Website: www.dow.com, www.dow.gr 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. 2016 59,734,382.00 € 15,067,554.00 € 20,148,896.00 € 23,929,552.00 € 11,104,874.00 €
2017 68,557,237.00 € 16,385,524.00 € 20,044,980.00 € 25,746,876.00 € 10,357,936.00 €
Change (%) 14.77 8.75 -0.52 7.59 -6.73
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DIAMONDS OF THE GREEK ECONOMY
2019
DEMO S.A.
PHARMACEUTICALS
Leading quality in injectables worldwide
Industrial Turnover
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.
135,938,101.00 €
PROFIT BEFORE TAXES 14,044,002.00 €
Company’s product portfolio includes injectable generic pharmaceutical formulations of all forms such us Liquid injectables in glass ampoules, vials & bottles, sterile powders and freeze – dried formulations, Lyophilised products, Emulsions, Penems, Penicillins, Cephalosporins) DEMO S.A. is currently active across 96 countries (as of 31/05/2016), including countries in Europe, Asia, Africa, Latin America, Oceania & the Middle East. Its cutting-edge production facilities allow DEMO to offer services such as: ● Worldwide distribution opportunities ● Out-licensing services ● Contract manufacturing operations.
Dimitrios Demos, Vice President
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 it has adopted, the constant product portfolio expansion and the international presence are the means to the end. DEMO has been investing heavily in the creation and sourcing of a state-of-the-art Research & Development laboratory which spans more than 1,500m2, equipped with the latest instruments and staffed with top University graduates. Under the supervision of highly qualified researchers – most holders of PhD titles from highly acclaimed European universities – the R&D lab represents the company’s launching pad for the future!
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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The firm’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 coun-
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tries in Europe, Asia, Africa, Latin America, Oceania, and Middle East with a significant market share in many of them. Since the end of 2013, the firm has presence in Germany through Munich-based subsidiary DEMO Pharmaceuticals GmbH. Additionally, DEMO already operates a branch office in China, while the operation of 7 more branch offices in as many foreign countries is included among its immediate goals. The global operation of DEMO has led the company to export 82% of units produced, while it is worth noting that it has gained international recognition being one of the official pharmaceutical products suppliers of the United Nations, UNICEF, MSF, Red Cross and World Health Organization. DEMO currently employs a staff of more than 920, while since 2014 the company has created more than 300 new jobs at all levels, giving opportunities to both young and senior scientists, experts and workers. In terms of gender, 54% of its workforce are men and 46% women; DEMO places strong emphasis on the attraction, retention, development and professional advancement of employees at all levels. Many of them
›››››› have started their career with DEMO as interns and have steadily grown to senior positions. DEMO boasts a comprehensive Corporate Responsibility Program, based on 4 pillars: Environment, Ethical Marketing, Employees and Society, focused especially on children and vulnerable population groups.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
DEMO S.A. 2016 136,328,806.00 € 17,883,633.00 € 54,769,397.00 € 82,825,392.00 € 132,403,754.00 €
2017 135,938,101.00 € 14,044,002.00 € 52,883,326.00 € 90,444,811.00 € 133,238,391.00 €
Change (%) -0.3 -21.5 -3.4 9.2 0.6
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DIAMONDS OF THE GREEK ECONOMY
2019
ATTIKI NATURAL GAS DISTRIBUTION COMPANY
Energy
Attica’s natural gas supplier
Industrial Turnover
Attiki Natural Gas Distribution 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 the 1st of 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.
51,144,706 €
PROFIT BEFORE TAXES 15,623,049 €
EDA Attikis is responsible for activities related to the design, planning, construction, operation and maintenance of the Natural Gas Distribution Network within the aforementioned geographical area of Attica. Apart from its technical activities, EDA Attikis is responsible for the controls of the studies and the audits of endorsing internal installations. To date, natural gas distribution network in Attica extends to 3,500 km (medium / low pressure network), supplies 65 municipalities in Attica, lists 74,000 deliveries to 120,000 delivery points (meters) serving 7,000 professionals, 210 industrial custom-
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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ers buildings / facilities) and finally reaches 350,000 end customers (consumers). 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. Each year, Attiki Natural Gas Distribution Company submits for approval the “5 Year Natural Gas Distribution Network Development Plan” to the Greek Regulatory Authority for Energy (RAE). Company’s Development Plan lists the Company’s expansion plans for a five year period and it includes almost all municipalities in the Attica Prefecture. Network supervision is uninterrupted (24/7) and the well-trained technicians of EDA Attikis guarantee the safety of infrastructures and connections. Thus, more and more
›››››› households and professionals enjoy the benefits of natural gas through modern infrastructure, secure installations, cost-effective applications and economic solutions. Reliable and responsible, with technologically advanced infrastructure and services complying with the values and ethics of sustainable development.
ATTIKI NATURAL GAS DISTRIBUTION S.A. 2017 2018 Turnover 50,355,516 € 51,144,706 € Profit Before Taxes 11,855,768 € 15,623,049 € Total Equity 273,078,946 € 265,713,054 € Liabilities 37,579,719 € 38,450,032 € Assets/ Rights 288,225,531 € 274,741,536 € Current Assets 22,433,134 € 29,421,560 €
Change (%) 2 32 -3 2 -5 31
ATTIKI NATURAL GAS DISTRIBUTION COMPANY S.A.
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DIAMONDS OF THE GREEK ECONOMY
2019
Courier & Postal Services Commercial Turnover 98,933,779.00 €
PROFIT BEFORE TAXES 11,200,647.00 €
ACS S.A.
People come first 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.
Award for the ACS Advanced Business Post services provided to WIND, regarding its telecom bills distribution.
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, aiming at covering the daily communication needs of hundreds of thousands of businesses and individuals, fast, securely and reliably.
2016 Transport & Logistics Awards – Gold Award for the ACS Smart Point automated pick-up lockers operating in Shell gas stations.
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:
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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2013 Environmental Awards - Bronze Award for the ACS ECO friendly vehicles.
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.
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.
2014 Transport & Logistics Awards, evolution Awards - Gold Awards for the ACS Web Business Tools provided to e-shops.
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.
2015
2017
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Transport & Logistics Awards - Gold
True Leader of the Greek Economy
›››››› (by ICAP) - Distinction for ACS as the strongest and healthiest company financially in the Courier Industry. 2018 Responsible Business Awards – Gold Award in the category «Best Cooperation with Non-Governmental Organisations» in Greece. 2018 Diamonds of the Greek Economy – ACS is awarded the “Diamond Award” as the strongest and healthiest company financially in the Greek Courier Industry.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ACS S.A. 2016 89,992,650.00 € 10,754,239.00 €
2017 98,933,779.00 € 11,200,647.00 €
Change (%) 9.9 4.2
24,317,509.00 €
28,031,956.00 €
15.3
16,390,844.00 € 22,056,423.00 €
21,865,041.00 € 22,301,324.00 €
33.4 1.1
2018 Supply Chain Awards – Gold 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. 2018 Mobile Excellence Awards – Silver Award for the innovative ACS Mobile Application (for Android as well as Apple mobile devices). 2018 e-volution Awards – Bronze Award for the innovative ACS Mobile Application (for Android as well as Apple mobile devices). 2018 True Leader of the Greek Economy (by ICAP) - Distinction for ACS as the strongest and healthiest company financially in the Courier Industry.
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2019
Supermarkets Commercial
SKLAVENITIS GROUP: 503 Stores, more than 27,000 Employees SKLAVENITIS, a Greek Group of Companies with more than 60 years of experience in the retail market, is the largest retail business in Greece.
Today, the SKLAVENITIS Company operates: ● 415 SKLAVENITIS Stores in Greece and 18 Stores in Cyprus ● 6 Distribution Centers (for Dry Grocery, Fruit and Vegetables, Furniture, Household Equipment, Clothing and Footwear) ● 1 Production Center for Ready Meals ● 1 Production Center for Ice Cream ● 1 Processing and Packaging Center for Nuts, Dry Fruit and Spices ● 1 Processing Center for Meat Approximately 27,000 Employees serve
Contact details 136, Kifissou Av., 121 31 Peristeri, Athens, Greece Tel.: +30 214 1009999 Fax: +30 214 1009998
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more than 560,000 Customers on a daily basis. Additionally, the Group operates: ● 39 Chalkiadakis Stores in Crete ● 18 Kronos Stores in Achaia ● 13 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, prices lower than anywhere else and friendly Customer Service. SKLAVENITIS keeps on growing based on their respect to the Customer. Their Vision is to be a role model in the Supermarket sector, the best Supermarket chain, and the best in all their activities.
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DIAMONDS OF THE GREEK ECONOMY
2019
INTERCOMM FOODS SA,
FOOD PRODUCTS
Continuing presence in more than 60 export destinations worldwide
Industrial Turnover 84,710,805 €
PROFIT BEFORE TAXES 9,634,512 €
Stergios Tsagkoulis, Chairman & CEO
Contact details 8th km Larissa-Sikouri highway, Larissa, 41110 (PO BOX 1127), Greece Tel: 0030-2410-575092,93 Fax: 0030-2410-575091, 575503 Email: fruitsales@intercomm.gr, olivesales@intercomm.gr Website: www.intercomm.gr
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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
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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.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
INTERCOMM FOODS S.A. 2016 2017 81,316,554 € 84,710,805 € 11,247,655 € 9,634,512 € 21,362,670 € 19,482,331 € 33,429,441 € 36,357,217 € 41,033,173 € 45,147,255 €
Change (%) 4.2 -14.3 -8.8 8.8 10.0
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2019
Institute of Pharmaceutical Research and Technology
PHARMACEUTICALS Commercial
IFET’s role in Greece’s healthcare system
Turnover 67,291,352 €
The Institute of Pharmaceutical Research and Technology (IFET) S.A. is a state-run company, subsidiary of the National Drug Organization (EOF). IFET imports any product as long as a shortage is established by the national authorities (EOF) and after a verified control of the necessity and utility of the medicine to protect and promote public health.
PROFIT BEFORE TAXES 7,972,524 €
These medicinal products are mainly imported from other European countries and the US, and they fall into three main categories: Medicines which have been approved, but their distribution has been discontinued and are not available in the Greek market. Usually these are generic and off-patent drugs. Medicines dedicated to treat ultra-rare or rare diseases. New medicinal products which have not
Dimitris Pantazis, CEO IFET S.A.
Contact details 18th km Marathonos Ave., 15351 Pallini, Attica Tel: +30 213 2002 400 Fax: +30 210 6039636 Email info@ifet.gr Website: www.ifet.gr
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yet obtained state approval (license of free circulation/price). In this case, IFET acts as an “early access scheme” system. Medicinal products imported by IFET are divided into those intended for hospital cover, medicines distributed directly to patients through pharmacies (micro parcels), and products imported in order to cover emergency needs. These medicines are imported from a large number of selected and accredited suppliers from European countries and the US (pharmaceutical industries and pharmaceutical distributors). IFET’s objective is to import medicinal products at the lowest possible cost. Indeed, from detection of a drug shortage, and after its necessity for the treatment of a specific disease has been established by the national authorities, IFET is authorized to act accordingly in order to import the specific medicine in Greece. Then, IFET looks among suppli-
›››››› ers (producers or drugstores overseas) who adhere to the standard of safety in the production and distribution of medicines, at the best price, in order to import and distribute the product and meet that need. In the past three years alone, IFET has covered a very large number of deficiencies, as shown in the table below.
Institute of Pharmaceutical Research and Technology 2016 2017 Change (%)
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
50,512,094 € 3,979,651 € 6,924,956 € 12,186,088 € 33,367,819 €
67,291,352 € 7,972,524 € 10,602,160 € 16,576,165 € 27,822,782 €
33.2 100.3 53.1 36.0 -16.6
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2019
WATCHES Commercial Turnover
A symbol of excellence, elegance and prestige
53,109,531.00 €
PROFIT BEFORE TAXES 8,834,737.00 €
Rolex, a Swiss watch manufacturer headquartered in Geneva, is recognized the world over for its expertise and the quality of its products. Its Oyster and Cellini watches, all certified as Superlative Chronometers for their precision, performance and reliability, are symbols of excellence, elegance and prestige.
ROLEX HELLAS S.A.
Founded by Hans Wilsdorf in 1905, the brand pioneered the development of the wristwatch and is at the origin of numerous major watchmaking innovations, such as the Oyster, the first waterproof wristwatch, launched in 1926, and the Perpetual rotor self-winding mechanism invented in 1931. Rolex has registered over 400 patents in the course of its history. Rolex is present in some 100 countries around the world through more than 30 affiliates and after-sales service centers. Via its network of official retailers, guarantees the quality and authenticity of Rolex watches. The Rolex brand was introduced in the Greek market in 1956. Since then, the brand has enjoyed a remarkable growth with two retail shops and official retailers throughout the country. In order to meet all after-sales customer needs, Rolex Hellas has established a Rolex Service Center, staffed by highly-skilled technicians, trained by Rolex Geneva. They follow precise technical procedures to ensure that every watch meets the stringent performance Rolex requirements. Rolex Hellas, led by CEO Mrs. Iro Vaharis, continues to promote the values and excellence of the Rolex brand.
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
ROLEX HELLAS S.A. 2016 2017 50,028,704.00 € 53,109,531.00 € 7,489,539.00 € 8,834,737.00 € 12,738,714.00 € 14,438,486.00 € 7,431,796.00 € 8,832,687.00 € 5,186,442.00 € 3,200,973.00 €
Change (%) 6.2 18.0 13.3 18.8 -38.3
DIAMONDS OF THE GREEK ECONOMY
2019
Food Products Commercial Turnover 73,606,957 €
PROFIT BEFORE TAXES 6,605,167 €
Barilla Hellas S.A.
Local production, global outlook and responsible operation: Three pillars 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
Barilla Hellas is the largest pasta company in Greece. It produces and distributes top quality Barilla and MISKO products in Greece and abroad, while exporting Made-in-Greece added value. Τhe company has consecutively continued its upward course and strengthened its market share leadership. With zero bank debt and a steadily extrovert orientation Barilla Hellas has managed to consolidate its position in Greece but also in Eastern Europe markets, gaining high shares in consumer preference. The company absorbs 70.000 tons of Greek wheat every year and exports more than 25.000 tons of products per annum all around the world. In the last years, Barilla Hellas has invested over of 70 million euros for its production plant in Thiva and the Mill in Volos and plans a further 2 million investment into production lines over the next few years. Ιts sustainable contact farming program extends to 60.000 acres of Greek farmers. Through the innovative “MISKO - Hellenic Wheat Program”- which won the Gold award at the Environmental Awards 2018- the company aims to educate farmers all over the country about sustainable agriculture and the optimum ways of wheat farming. Steadily focused on satisfying contemporary consumer needs and acting on the tradition of its pioneering leadership role, the company has successful launched two new products made from legumes flour. Both Gluten Free Chickpea pasta and Red Lentil pasta, have already become a favorite with consumers who embrace their excellent taste while enjoying their benefit as an excellent source of plant-based protein and fibers. 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 100 tons of products each year. 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. Barilla Hellas is part of Barilla Group, which was founded in Parma in 1877 out of a shop that made bread and pasta and today is the leader for pasta in the world. Barilla Group owns 28 production plants, which produce around 1,700,000 tons of food products consumed in more than 100 countries.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Barilla Hellas S.A. 2017 71,979,108 € 7,525,099 € 32,596,592 € 45,974,600 € 14,925,007 €
2018 73,606,957 € 6,605,167 € 33,120,931 € 44,629,629 € 18,563,145 €
Change (%) 2.3 -12.2 1.6 -2.9 24.4
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2019
CHITOS SA - ZAGORI
Beverages
Natural Mineral Water
Industrial Turnover 52,158,136.49 €
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 64 successful years in the Greek market, it has reached the leading position in the bottled water industry with the Natural Mineral Water ZAGORI, meeting all consumers’ needs, 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, Australia and UAE. 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 sport events aiming to communicate the message of fair play as a factor of a well-functioning society and an alternative outlet for young people. 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. 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.
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DIAMONDS OF THE GREEK ECONOMY
2019
MEGAPLAST Industrial – Exporting SA
RUBBER – PLASTICS
A pioneer in Innovative Packaging Solutions
Industrial Turnover
Megaplast is a world leading manufacturer of perforated & reinforced Stretch Films in the area of innovative flexible packaging. The company, established in 1995 in Crete, Greece, and supplies the markets with a complete range of innovative packaging materials.
31,925,847 €
PROFIT BEFORE TAXES 6,810,118 €
Our Premises Our production facilities are located in Heraklion, on the Island of Crete, while the R&D Center and the headquarters are located in Koropi, Athens. The installations include not only the production lines, but also large warehouses for all our products. So, we keep our stock in warehouses in Greece, 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. That is why we obtained “Green Certificate” verifying that our energy comes from renewable resources. Furthermore, our team in our R&D center in Athens is staffed with highly qualified professionals that are working on some of the most exciting projects within the industry.
Contact details Crete: Industrial Zone Heraklion, Road A/D 71601 Nea Alikarnassos, Heraklion, Crete Greece Tel.: +30 2810 381412, Fax: +30 2810 381413 Email: info@megaplast.gr; sales@megaplast.gr Athens: 38, Vassileos Konstantinou Avenue 19400, Koropi, Attica, Greece Tel.: +30 210 8900081, Fax: +30 210 8900084 Email: info@megaplast.gr; sales@megaplast.gr Website: www.megaplast.gr Linkedin: www.linkedin.com/company/ megaplast-group
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Our Products The Product Family of Megaplast consists of two major categories: ● Perforated stretch films (AirOfilm): Stretch films with perforation that allows products to breath & solves problems of condensation ● Fiber Reinforced stretch films (Fiber Film): Stretch films with fibers that increase tear resistance, enhance load safety offering less plastic waste & significant total savings All our products are 100% Recyclable, of high added value and innovative, protected through international patents worldwide. 90% of them are exported worldwide. Our Sales network Our 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
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(Megaplast USA Inc), and a local office in France. A Local Distribution Network has been developed all around the globe (Europe, USA, Canada, South Africa, Australia, New Zealand, Middle East and Latin America). Our Business Culture Our culture is guided by a spirit of excellence. Our nature 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 Our Mission & Vision, Objectives & Values Our Mission is to plan, develop, manufacture and market innovative, customer-driven superior packaging solutions that deliver measurable customer benefits. Our Vision is to become the premier leader in the global innovative flexible packaging market and
›››››› our Primary Objectives include the innovativeness, effectiveness, usability and quality of the products Megaplast produces and distributes. Our Values are distinguished by: ● Reliability ● Integrity / Merit System ● Respect ● Teamwork
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
MEGAPLAST S.A. 2017 29,417,151 € 6,003,668 € 11,381,995 € 25,283,821 € 12,055,448 €
2018 31,925,847 € 6,810,118 € 11,904,715 € 32,119,814 € 10,873,050 €
Change (%) 8.5 13.4 4.6 27.0 -9.8
Growth & Awards 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%. We have been honored with many awards as one of the Greek enterprises that despite the market difficulties and challenges, we continue to grow, to show positive performance and to support the economy of Greece & local communities. Social Responsibility For more than 20 successful years, Megaplast is constantly striving for excellence to ensure customer satisfaction and build strong relationships with respect to the social, ethical & environmental requirements. We, all people of Megaplast Group, intend to support Social Responsibility by giving priority to improving the quality of our fellow human beings.
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2019
Pharmaceutical Products Industrial
VIANEX S.A.
The living history of Greece’s pharma industry 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 plants of excellent capabilities across the spectrum of drug production, while continuously upgrading the range of services provided by investing in technological equipment. VIANEX’s high-quality products and services have been trusted by major multinational pharmaceutical firms, entering long-term partnership agreements. The firm’s export sector is of a strategic choice, 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.
Dimitris P. Giannakopoulos, President & 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 plants 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 innovation. The R&D department is responsible for coordinating the work of experienced and specialized scientists working with VIANEX’s laboratories and plants.
›››››› 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 partnerhips/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
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DIAMONDS OF THE GREEK ECONOMY
2019
Pharmaceutical Products
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 62 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 plants as many as 52 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 Vianex 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
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in Greece two very popular hypolipidemic drugs. Corporate social responsibility Every company aware of its responsibility recognizes that all of its actions need to be inseparably linked to society, the people, the environment and culture. This is exactly the principle of Corporate Social Responsibility that VIANEX has adopted throughout its history, respecting human rights and the environment, defending health and making a real contribution to Greek society. The concept of corporate governance is central to VIANEX’s day-to-day operation, observing legislation, regulations, international best practices and standards. The main concern is product quality and safety. At the same time, VIANEX believes that its most valuable capital is its people, and that’s why it invests in its human resources
›››››› to maximize its efficiency, organization and services. In collaboration with engineers, scholars and skilled scientists, the firm gradually designs, implements, processes and invests on the basis of modern technological and scientific developments. This minimizes the impact on the environment, saves resources and reduces the energy footprint. VIENEX actively supports various programs, activities and actions that have a positive impact on society, for example by providing sponsorships and donations to local bodies, vulnerable social groups, a large number of institutions and NGOs (Make-A-Wish, SOS Children’s Villages, etc.). VIANEX is an ambassador of sustainable development and a member of several organizations whose aim is to promote sustainability and accountable entrepreneurship.
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DIAMONDS OF THE GREEK ECONOMY
2019
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
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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”.
DIAMONDS OF THE GREEK ECONOMY
2019
Transport Means and Spare Parts Commercial Turnover 48,638,890 €
PROFIT BEFORE TAXES 5,285,086 €
IAPONIKI S.A.
Α Greek leader in the automotive aftermarket for 46 years
IAPONIKI S.A. was founded in 1973 supplying garages and wholesalers with spare parts for Japanese vehicles. After a few years of operation, the company expanded its range by offering spare parts for European and Korean cars, as well. The management’s philosophy has always been about expanding in new fields and offering our customers not only spare parts but also a full portfolio of tools, equipment and services. Since 2002, the company operates its own technical department offering tools, machines, diagnostics tools and aftersales support to workshops. Our customers can also benefit from our training and support services, provided by the Technical Education Center (TEK) that was inaugurated in 2018. In the company’s facilities, car repairers have access to educational services of high quality in an exemplar center of theoretical and practical training, paired with modern machinery and tools in actual workshop conditions. Moreover, we support our customers via a technical hotline. Garages can contact by phone our technical department and get the support they need concerning failures diagnosis, information and technical data during car repair. We are always by our clients’ side, literally and metaphorically, doing business via a network of 21 outlets located all over the country. Iaponiki has also been keen on developing Vehicle Service Networks, so apart from the Bosch Car Service network that we started back in 2002, we also launched the Autofit Service Network in Greece in 2008. To date, this additional service network comprises 35 member workshops all over Greece. The automotive business is changing rapidly, the challenges facing today’s professionals keep multiplying and IAPONIKI always tries to find ways to assist its customers. We are always trying to develop extra tools (such as our on-line catalogue) that will make their work easier and provide them with the necessary know-how that will keep them up to date with the automotive technology of today. The financial situation in Greece in the past few years has created an uncertain environment, but we were proactive enough not to let it affect us. Throughout the years of the crisis, the company invested in human resources and facilities, creating a safe and credible environment. IAPONIKI’s corporate culture is that we are always looking for new goals to achieve using technology, innovation and the best of our human resources.
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. 2016 42,918,637 € 3,199,291 € 15,613,117 € 12,437,466 € 19,417,760 €
2017 48,638,890 € 5,285,086 € 17,925,125 € 16,031,229 € 23,054,500 €
Change (%) 13.3 65.2 14.8 28.9 18.7
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DIAMONDS OF THE GREEK ECONOMY
2019
Paper Products Industrial Turnover 168,436,557 €
PROFIT BEFORE TAXES 4,656,142 €
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 is one of the largest manufacturing companies of personal hygiene products in Europe, holding today a leading position in the overall category of personal hygiene in the Greek market. Our company was founded in 1980 as a small manufacturing unit of ear swabs. It started off as a family business and continued to grow to reach today nearly 600 employees. Committed to the company’s mission to provide consumers with superior value, our people do their very best each and every day to create products that successfully combine excellent quality with innovation. Today, following an on-going growth, we have achieved a strong extrovert perspective, experiencing international recognition. We have gradually increased our product portfolio to encompass all categories of personal hygiene while investing in state-of-the-art technology, top quality control systems, and well-qualified personnel. Our complete product range focuses on items that constitute basic daily necessities that are integral to healthy daily living. Our core product categories include: Baby Care products, Feminine care products, Adult incontinence products and Personal Care Products for the entire family. With a portfolio of well-known brands, such as: EveryDay, Pom Pon, BabyCare, Babylino, Tipers, Wet Hankies, MEGA, Sani, that hold leading positions in the Greek market, but also a strong presence in four continents, we have built a special bond of trust with consumers. Excellent quality, innovative product design, exceptional skin-friendly properties, respect to the needs of the consumer: Firm commitment to these high standards have allowed MEGA to gain increasing loyalty of consumers, uninterrupted trust of retailers in Greece and abroad for both branded products and private labels, but also important cooperation with large multinational companies in the field of personal hygiene products, that have entrusted MEGA with the production of their very brands, under contract manufacturing. INNOVATION AND SENSITIVE CONCEPT Innovation is embedded in the DNA of Mega Disposables. By creating the Sensitive Concept, the company has introduced a unique proposition in personal hygiene, ensuring complete protection, with the utmost respect to the needs of the skin. As a definite value in personal hygiene, the Sensitive Concept was created exclusively by MEGA in Greece, with a view to offer not only top absorbency levels, but also exceptional skinfriendliness properties. In 1997, we created a truly innovative product: the first “Sensitive” sanitary napkin worldwide, with a hygienic skin-friendly top sheet made of fibers. The response of consumers to the EveryDay Sensitive napkin was such that EveryDay became the fastest growing brand in its category in Greece ever since its launch, today enjoying exceptionally high consumer loyalty. Since then, the “Sensitive” product design has been applied to our entire product range and now includes baby diapers and wipes, incontinence products etc., with proven care for skin and certified skin-friendliness by internationally trusted dermatological institutions and organizations (eg. OEKO-TEX®). PRODUCT QUALITY AND SAFETY At MEGA, for 38 years now, we have been creating products of exceptionally high standards, based on a product quality control and certification system comprising the Internal QA System, which is continuously upgraded and fully automated. Moreover, we cooperate with approved laboratories and official certification institutions specialized in products of our sector. Our Quality Assurance (QA) system consists of an integrated control system that has the ability to monitor product development at all levels of production and to fully control the performance of machinery and production units.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
MEGA DISPOSABLES S.A. 2016 2017 148,577,699 € 168,436,557 € 5,092,192 € 4,656,142 € 50,730,359 € 57,014,820 € 30,690,686 € 33,006,471 € 65,155,875 € 80,266,170 €
Change (%) 13.4 -8.6 12.4 7.5 23.2
DIAMONDS OF THE GREEK ECONOMY
2019
Aquaculture
Andromeda Group
Andromeda Group is the fastest growing group of companies in the Mediterranean Aquaculture industry, with a dynamic activity across Europe. The unique operating structure of five efficiently sized clusters strategically located in Greece and Spain enables worldwide export power in 5 continents, with access to more than 120 million consumers within 48 hours from harvesting. The main attribute of Andromeda Group is the high quality and true freshness of its products; combined with a sophisticated distribution network. Andromeda Group currently employs a total of 640 people; vertically integrated with operations in fry, farming, packaging and value-added products (VAP). Sea bream, sea bass and corvina are the main species that the company produces. Andromeda Group records welltimed, effective acquisition strategy with more than 10 transactions completed since 2007. Achieving dynamic growth since its foundation until today, with the support of AMERRA Capital Management LLC, an independent investment firm focused on the international seafood and aquaculture industry with a wide network market access, Andromeda is developing into a dynamic group of companies aimed at establishing itself as a key player in Mediterranean Aquaculture. All of Andromeda Group products are produced under controlled conditions, following procedures certified with ISO 22000, ISO 9001, ISO 14001 and GLOBALG.A.P. at all stages of production, from fry until the final product. Andromeda Primus products Priority in quality – Innovative taste! Andromeda deliciously fresh Primus fish are of outstanding quality; a real taste sensation. They are the stars of the sea: top quality, guaranteed safety, amazing lively hues, the very picture of health. Raised in the crystal-clear waters of the Ionian Sea in limited quantities, harvested only upon order and selected one by one! The primary objective of the Andromeda Group is to produce and supply products of the highest quality. Proof of those efforts is Andromeda Group awarding for Superior Taste and Quality in 2010, 2015, 2016, 2017 and 2019 by the International Taste Institute ITI (ex iTQi). Andromeda Primus team
Contact details 99C Lavriou Ave,190 02, Peania, Athens (Greece) Tel. +30 210 66 409 63 Fax. +30 210 66 411 27 Email: hq@andromedagroup.eu Website: www.andromedagroup.eu
Andromeda special Primus team is located at Andromeda’s facilities. Primus team cares passionately about the journey of every Primus fish with a shared objective to ensure freshness and high quality every step of the way, retaining their exquisite characteristics to the maximum throughout the journey to the end consumer’s table. The special Primus team consists of individuals highly trained in aquaculture from a very wide range of disciplines: biologists, ichthyologists (MSc in Aquaculture), fishpathologists, food technicians, and specialist production workers such as the Primus feeders, harvesters and selection and packaging operatives. Andromeda Group employees’ top class, professional training coupled with the daily care and monitoring of the fish ensures that Primus products consistently maintain their superior quality. I 251 I
DIAMONDS OF THE GREEK ECONOMY
2019
SANI RESORT
A special place of discrete luxury
Sani Resort is a 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) ● Sani Beach ● Sani Club ● Porto Sani ● Sani Asterias ● Sani Dunes ● A 1000-acre private estate ● Ecological Reserve – Pine Forests & a Bird Sanctuary ● 7km of white sandy beaches ● Private yacht marina with shopping piazza ● Dine Around: 22 restaurants
Andreas Andreadis
● 17 bars and cafes ● Football Academy in association with Chelsea FCF ● Rafa Nadal Tennis Centre ● Sani Sports Centre – Watersports – Diving Centre ● 4 luxurious Spas ● Open-air Garden Theatre featuring Broadway-style shows ● Creche, Children’s and Teen’s Clubs ● Sani Festival
● Sani Gourmet
● Sani VIP Services organizing tailor-made events ● Meetings and Special Event facilities
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
2019
Pet Foods Commercial Turnover 32,868,169 €
PROFIT BEFORE TAXES 4,124,801 €
PET CITY S.A.
The No 1 Pet Store Chain in Greece
Pet City Group is a family-owned business founded in 1988. From 1988 to 1995 the company operated as a wholesaler by importing and distributing pet products to more than 1.200 pet stores in Greece. However, in 1996 the interest of the business moved towards retailing. Since then, the company is the leader in the pet care sector in Greece, with 62 stores and a total area of 20.000m² owned headquarters and logistics. The corporate goal for the next 5 years is the operation of 40 new stores, reaching a total of 100 stores in Greece and abroad. For 30 years of successful operation, staying loyal to its motto “All about our faithful little friends!”, Pet City offers a great variety of products and services for the lifetime needs of pets including 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”, equipped with the latest medical facilities and staffed with experienced veterinarians, providing a full range of health care and emergency services. Undoubtedly, a success factor of Pet City is the great expertise of our 600 employees, who are put through constant training by the Pet City Academy. Aiming to strengthen its relationship with Greek consumers, Pet City Group implements its advertising strategy through a media plan that extends to the major national media. Additionally, hearing carefully the customers’ needs, the company has created e-shops offering value for money products. Pet City keeps building strong relationships with international companies to further enhance its inventory. The chain’s stores are stocked with over 15.000 products, including top of the line brands and items sold exclusively at Pet City. Currently, the company is developing its own private label products, in some of the main categories of the market. In terms of Corporate Social Responsibility, Pet City organizes and participates in causes for the protection of animals and the environment. We have direct contact with animal welfare authorities and charities, supporting stray animals. Most importantly, we are trying to educate people, aiming to shape a unified culture on treating animals with the love and respect they deserve. In 2013, our company was awarded as one of the 500 fastest growing companies in Europe by the IESE Economic School, while for six consecutive years (2013-2018), has won the Diamond Business Award from Active Business Publishing and Stat Bank.
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. 2016 31,893,307 € 3,804,623 € 15,738,680 € 6,831,191 € 11,753,292 €
2017 32,868,169 € 4,124,801 € 16,328,024 € 9,311,924 € 11,286,168 €
Change (%) 3.1 8.4 3.7 36.3 -4.0
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DIAMONDS OF THE GREEK ECONOMY
2019
“PINDOS” IOANNINA AGRICULTURAL POULTRY COOPERATIVE
Food Products
Combining tradition with innovation and characteristic Greek passion
Industrial Turnover
The Ioannina Agricultural Poultry Cooperative “PINDOS”, with headquarters in Rodotopi, Ioannina, has been at the forefront of Greek poultry farming for 60 years, and during that time has maintained first place in the preference of Greek consumers, with a current market share today of over 30%. With its ultramodern facilities, vast knowhow and continuous investment in the latest equipment, PINDOS has charted an impressive course of development, manufacturing products of unparalleled quality and the highest nutritional value. In so doing, it has also become a model of professionalism not only for the poultry industry but for the entire agricultural sector as well. Combining tradition, innovation and characteristic Greek passion with the unique natural environment of mountainous Epirus, PINDOS is constantly planning and developing new products in order to satisfy the needs and evolving tastes of the modern consumer. Taking advantage of its fully vertically-integrated production capabilities and following the strictest international standards of quality and food safety in every single step of the production process, PINDOS is actively driving new developments in the poultry industry, to the point where its name is automatically and inextricably
219,891,985 €
PROFIT BEFORE TAXES 3,617,340 €
Andreas Dimitriou, President
Contact details Rodotopi Industrial Area, PoB 1089, 45500, Ioannina, Greece Tel.: +30 26510 57501-7 Fax: +30 26510 57510 Email: info@pindos-apsi.gr Website: www.pindos-apsi.gr
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associated with high-quality branded Greek chicken. The cooperative has its own distribution network and 18 outlets throughout Greece, through which it makes its products available both domestically and abroad. The secret of success for this unique cooperative lies in the union of its collective strengths and abilities, since the “PINDOS” Ioannina Agricultural Poultry Cooperative numbers over 500 farmer-producer members, who provide its driving force in a way that blends Greek tradition and tremendous know-how. PINDOS makes a significant contribution to rural employment, regional development and the national economy, directly providing 1,200 jobs and at the same time indirectly supporting thousands of additional jobs all along the supply chain throughout the country. With special emphasis on maintaining the highest possible level of quality for all products bearing the PINDOS stamp, the cooperative has obtained quality-assurance certifications based on both ISO 22000 and AGROCERT. For PINDOS, food safety is nonnegotiable. For this reason, its specialized personnel undertake daily monitoring of food safety and quality control at every step of the production process using its own ultramodern microbiology laboratory.
›››››› Moreover, thanks to the cooperative’s philosophy regarding the protection of the environment and its own ecological footprint, PINDOS has received widespread recognition for its ecological awareness and policies. It has in place advanced biological waste-treatment facilities and a rendering plant for energy generation from the waste by-products of the poultry-slaughtering process, a development that is unique in Greece’s poultry industry. At the same time, PINDOS has developed and operates a thermal treatment plant for dead birds, while it also employs a special plant to convert poultry waste into organic and biological fertilizer. For “PINDOS” Ioannina Agricultural Poultry Cooperative, the future is just as important as the present. For this reason, the cooperative has implemented a comprehensive growth program involving an investment of 20 million euros over the next five years. This plan aims to increase the cooperative’s strength, further modernize facilities, develop new products and improve its distribution network. In addition, in line with its long-standing emphasis on research & development, PINDOS is launching 5 new research programs in cooperation with universities and other research institutes. These programs aim to further improve meat quality, develop new products, maintain and optimize safety, improve the living conditions and wellbeing of the poultry and, finally, continue to refine and improve the treatment and use of waste in accordance with the cooperative’s strict environmental policies.
“PINDOS” IOANNINA AGRICULTURAL POULTRY COOPERATIVE 2016 2017 Change (%) Turnover 209,123,165 € 219,891,985 € 5.1 Profit Before Taxes 1,358,029 € 3,617,340 € 166.4 Gross Profit 26,149,584 € 24,620,724 € -5.8 Total Equity 22,310,715 € 24,893,402 € 11.6 Liabilities 108,696,293 € 101,593,752 € -6.5
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DIAMONDS OF THE GREEK ECONOMY
2019
Beverages Industrial Turnover 33,241,947 €
PROFIT BEFORE TAXES 2,935,614 €
LOUX MARLAFEKAS SA
Innovation and indisputable quality
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/
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Loux-Marlafekas, the largest Greek-owned soft drink and juice company in the country, firmly holds the 2nd place in the soft drinks market and a leading place in flavored soft drinks among other multinational, equally known companies in the sector. Regardless of the challenging and competitive circumstances in the market, Loux has achieved steady growth, standing out among the most successful Greek companies. In 2018, Loux’s sales rose to over €34 million, an increase of 3.76% over 2017, proving the firm’s steady profitability. Today, the firm operates three privately-owned, state-of-the-art facilities in the Peloponnese, while a new logistics center was added in Attica in 2008. Loux currently employs a staff of 130 in Achaia, Athens and Thessaloniki. This is complemented by a nationwide distribution network comprising of approximately 500 representatives, which enables Loux products to reach over 75,000 points of sale. In the past decade, Loux has achieved not only to maintain its working positions but also to increase its workforce by 102%. Furthermore, Loux has zero bank debt, is self-financing its investments and attempts to maintain its transparent profile. An upgrade investment plan, valued at more than €20 million since 2007, including the recent investments of €6 million in a new production line, enabled Loux to keep up with growing market demands. The firm is implementing a €2-million-worth investment in technological equipment in 2018-2019, while scheduling investments of a generic character as well. Today, Loux’s export activity takes place in 27 countries worldwide, from the US to South Korea. The company aspires to increase its export activity, as markets in the Nordic countries, Middle East and in Central Europe are expressing interest in Loux products. Loux’s stable investments in advanced research and innovation highlight its pioneer position in the market, which was strengthen by the new generation of innovative light soft drinks loux plus’ n light, with 100% natural sweeteners, high level of vitamin C in orange juice and lemon juice and 60% less calories, launched in 2016. The company also launched in 2017 the loux plus ‘n light tea, in peach, red fruit and lemon flavors following the philosophy of plus ‘n light products, introducing a new category in the market and an innovation at international level. The significant presence of Loux in the market since 1950, has led it to receive multiple distinctions over the years. One of the most important highlights was in 2014 when Loux was named “Supporter of the Greek Presidency of the EU Council”, turning Loux into the official soft drink of the Greek Presidency. In addition, March 2016 was linked to the announcement of Loux as “Public National Champion” in the European Business Awards 2015. In addition, Loux’s products were the first Greek refreshments to be selected as the Top Superbrand in the category of non-alcoholic beverages, at the competition of “Superbrands”. Furthermore, Loux achieved double success at Made in Greece Awards 2017, receiving an award for “Most Famous Greek Product” and a prize for “Excellence in Business”, while in 2018 it was also honored for its business excellence at the Creative Greece Awards 2018. Recently, Loux was awarded as “Top Corporate Brand in Greece” at the competition of Superbrands for 2018-2019. Loux focuses and expands its core values by supporting social, sports and cultural initiatives through an extended social responsibility program. The firm has actively supported the “Mission”, the Charity of the Holy Archdiocese of Athens, providing 50,000 meals to people living below the poverty line, as well as voluntary organizations such as “Xamogelo tou Paidiou”, OKANA, “Agkaliazo”, Aimodotis”, ELEPAP, “Alma Zois”.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
LOUX MARLAFEKAS SA 2016 31,756,659 € 2,738,117 € 18,227,102 € 27,024,314 € 13,128,467 €
2017 33,241,947 € 2,935,614 € 19,565,827 € 28,787,747 € 11,569,170 €
Change (%) 4.7 7.2 7.3 6.5 -11.9
DIAMONDS OF THE GREEK ECONOMY
2019
PHARMACEUTICALS Industrial
GAP S.A.
Together in health, growth and innovation since 1949
GAP is one of the most dynamic and aspiring Greek pharmaceutical companies, operating in 3 principal areas: ●P roduction and distribution of generic and OTC products in the Greek and International markets (main fields of interest: Cardiovascular/Central Nervous Systems/Infections/Antiulcerants) ●D evelopment and distribution of EVIOL soft capsule technology products (Vitamins, Food Supplements) ● Contract manufacturing of soft capsules in its state-of-the-art facilities. GAP’s unwavering commitment to the QUALITY, SAFETY and EFFICACY of its products, from the beginning of production to the final product, have won the trust of healthcare professionals and patients, thus making the company a leader in the therapeutic categories in which it operates. It is one of the companies that have laid the foundation for the Greek pharmaceutical market. Meanwhile, the company’s export activities are continuously expanding, aiming to penetrate progressively into more markets. Leader in Vitamins and Food Supplements with the EVIOL range Since 1978 with the creation of the first oral vitamin E in the innovative form of a soft capsule, the EVIOL Research and Development department at GAP focuses its research efforts on good health and quality of life developing the EVIOL range of Food Supplements. ●E VIOL range of Food Supplements are of high quality and nutritional value using the high- tech soft capsules technology and provide all the necessary nutrients that in combination with a balanced diet help in the proper functioning of the body and in maintaining good health and quality of life. Greece’s first soft capsule manufacturer One of the major activities of GAP is the contract manufacturing of soft capsules. The company applies soft gelatin capsule technology since the 1970s. GAP’s facilities cover 5,500 sqm, which include the areas of production, technical support, quality control, research & development and storage. As a specialized partner in soft capsule manufacturing, GAP’s GMP EU-compliant facilities provide: ●S oft capsule Production Lines for pharmaceuticals, food supplements and cosmetics. ●S oft capsule Production Line for highly toxic drugs and hormones. ●M anufacture of any shape, size, color or fragrance in accordance with the customer’s specifications. ● Printing of any logo or text on your soft gels.
Dynamic presence in international markets GAP distributes a large number of products to more than 30 markets such as Europe, America, Canada, Middle East, Far East and Africa.
Contact details Manufacturing site: 46 Agissilaou St., 17341 Agios Dimitrios, Athens, Greece Offices: 99 Poseidonos Ave., 16674 Glyfada, Athens, Greece Tel.: +30 210-9310980-4 Fax: +30210-9338759 Email: gap@gap.gr Website: www.gap.gr www.eviol.gr
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DIAMONDS OF THE GREEK ECONOMY
2019
Kalteq Group
Medical Devices
A powerful & dynamic group of healthcare companies
Commercial Turnover 6,770,621 €
Kalteq Group (Kalteq SA & Kalteq Medical SA) is a dynamic Greek Group of Companies, founded in 2003, with the vision of introducing in Minimal Invasive Surgery, innovative products for the patients’ benefit and the promotion of National Healthcare. Our companies over the years, managed to create solid customer relationships, both in the private and public sectors, not only due to our dedication and strong business ethics, but also due to our representations, which involve high-profiled international companies with high-quality products. Our portfolio includes a huge variety of high-end medical products and instruments for Neurosurgery, General Surgery, ENT & OR Disposable lines. The distribution of our represented products is supported by a highly trained sales team, whose primary objective is serving the medical community and patients. Today, Kalteq Group holds one of the leading places in the medical field, by showing tremendous brand awareness, business growth and by developing dynamic partnerships with many private clinics and public hospitals in Greece. In recent years, the firm not only managed to hold an important position in our market, but also thrived getting acknowledgments and awards, as a recognition of our continuous efforts. Our
PROFIT BEFORE TAXES 2,753,823 €
Contact details 185 Kapodistriou St., 18345 Moschato, Athens, Greece Tel: +30 210 4820 408 Fax: +30 210 4820 368 Email: pa@kalteq.gr Website: www.kalteq.gr
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latest Awards were the following: ● TRACE CERTIFIED. KALTEQ has completed a comprehensive due diligence process administered by TRACE, the world’s leading anti-bribery standard setting organization. Certification by TRACE signifies that we have completed internationally accepted due diligence procedures and have been forthcoming and cooperative during the review process. The successful completion of TRACE certification demonstrates our commitment to commercial transparency, allowing you to serve as a valued business partner to multinational companies. ● “DIAMONDS OF THE Greek Economy 2018” – The Most Admired Enterprises in Greece. KALTEQ has also received the honorable award “Diamonds of the Greek Economy 2018” and was placed amongst the country’s most dynamic and healthy companies. Business-wise, Kalteq is strongly connected with very key opinion leaders in our country and our presence is very active. Our sales team consists of high-level professionals, who are constantly trained and informed of the latest developments in the fields of our activities, so as to provide the best possible support in products distribution, OR equipment and after-sales follow-up. We regularly
›››››› attend national congresses and we have active presence in science educational courses and trainings. In 2018, the firm posted a 20% jump in sales to 12 million euros. Employing a staff of 55, the firm operates central offices and a warehouse in Athens and a branch in Thessaloniki. Sixteen years ago, armed with lots of hopes, visions and targets, we started building the foundations of what it would soon become our legacy and passion.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Kalteq Medical SA 2016 5,513,607 € 1,845,988 € 3,298,628 € 1,492,189 € 12,349,006 €
2017 6,770,621 € 2,753,823 € 4,364,582 € 2,139,348 € 8,629,490 €
Change (%) 22.8 49.2 32.3 43.4 -30.1
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DIAMONDS OF THE GREEK ECONOMY
2019
Nutrition Products Commercial Turnover 12,527,083 €
PROFIT BEFORE TAXES 2,700,692 €
POWER HEALTH HELLAS S.A.
Investing in quality, innovation & international expansion with nature’s power
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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Returning to nature nowadays is one of the most lucrative business ventures constantly being developed by defining a large category of products for external and internal use. For Power Health, however, it was the vision to offer human beings the power of nature through Food Supplements. The firm was established in 1984 by Lili Perganta, (owner of the drugstore ‘’The Pharmacy of Nature’’) under the trade name Power Health Hellas. Its goal is to harness and “pack” nature’s power and wisdom in health products that would provide a better quality of life. For the first time, the term “natural food products” is introduced, and Power Health becomes the first Greek alternative company. In 2003, the company’s vision is completed and becomes a second starting point that will fully determine the route of Power Health. The establishment of its own Research & Development Department with specialized scientists makes Power Health once more a pioneer as the only Greek company that designs its own alternative products for health and wellbeing. Innovative Greek formulations, many of which are unique at both European and global level. Nowadays, the company is not simply focused on creating products, but rather categories of products offering solu-
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tions to everyday health problems, such as lifestyle products, winter products, specialized needs, sports nutrition, and other categories to invest in, expanding the range. Power Health has all the guarantees to represent Greek entrepreneurship by strategically investing in three pillars: Innovation, Quality and International expansion. Quality is determined by the raw materials and their harvest, at all stages of production, packaging, until the product reaches the consumer’s hands. Quality means selection of natural ingredients with clinically proven action, efficacy, and safety, which have officially health claims from the European Food Safety Authority (EFSA), and notification number from the national organization for medicines (MOH). High quality products made according to the highest international standards such as GMP (Good Manufacturing Practices), the streamlined Logistics facilities guaranteeing the quality and safety of products, the development of “Clean Label” products, that is, more and more natural without additives or artificial preservatives, and also products for vegans, a particular consumer target group that has not access to the benefits of nutritional supplements.
›››››› Power Health invests in innovation and this is evidenced not only by its course to date but also by its philosophy of creating innovative products. It is the company that created the first effervescent vitamins with Stevia aiming at creating ‘’clean label’ products. Power Health opened up a new category in the Greek pharmacy creating the first healthy ageing product that meets the needs of people over 50, while it invests in synergistic formulations by offering specialized solutions to health problems. Power Health works on expanding exports, which are the cornerstone of its economic strategy. Power Health’s vision to offer the treasures of Greek nature through its own products makes it an ambassador of Greek nature and Greek entrepreneurship, too. Power Health invests in international expansion and conquers foreign markets with competitive advantages such as R&D, which enables the development of customized products, the provision of high quality international marketing services and the ability to meet the needs of each country and at all levels, such as regulatory affairs. The Greek company has already gained the confidence of foreign markets and is so far present in Cyprus, Albania, Bulgaria, Lebanon, the UK and Malta. Above all, Power Health has been present in our life for 35 years now, with ethos, innovation and quality, taking care of our health and our everyday life, while at the same time being an important chapter of the Greek economy and dignity.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
POWER HEALTH HELLAS S.A. 2016 2017 12,664,006 € 12,527,083 € 2,542,736 € 2,700,692 € 8,915,093 € 8,779,683 € 4,576,872 € 4,628,150 € 2,679,913 € 2,477,558 €
Change (%) -1.1 6.2 -1.5 1.1 -7.6
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DIAMONDS OF THE GREEK ECONOMY
2019
CMFO S.A.
Food Products
A major facilitator in the food supply chain
Commercial Turnover 13,878,857 €
Central Markets and Fishery Organizations (CMFO) SA is a state-owned enterprise (SOE), owned by the Hellenic Corporation of Assets and Participations. Its main task is the operation of central markets (organised wholesale and retail markets) for perishable goods, especially fruits and vegetables, meat and seafood. CMFO is the largest administrator of food markets in the Balkans, operating two proprietary central markets in Athens and Patras, as well as the 11 public fish markets/ wharves throughout Greece. CMFO holds a dominant position in the sector of organized markets in Greece, and is a major link in the supply chain of perishables, with annual value of products traded exceeding 1.5 billion euros. The Central Market of Athens, established in 1955, consists of the Fruit and Vegetable wholesale market, the wholesale Meat Market and a consumers’ retail market. It serves the supply with perishables of the entire Athens metropolitan area, including tourist consumption, as well as the majority of Greek islands. The Central Market of Patras, acquired by the company in 2014, located in a strategic area of Western Greece, is being transformed into a hub for the auction and distribution of agricultural products, aiming at exports to the markets of Western and Central Europe. The 11 fish markets of Greece, owned by the Ministry of Rural Development and Food and operated by CMFO since 2012, constitute important development pillars for the local economies, and ensure the country’s
PROFIT BEFORE TAXES 2,464,009 €
Contact details 1 Kennedy St., Agios Ioannis Rentis, 18233, Athens, Greece Tel: +30 210 4821111 Fax: +30 210 4814042 Website: www.okaa.gr
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supply with fresh and quality fish and seafood. Wholesale trade in the fish markets accounts for almost the total wholesale trade in fresh fishery products in Greece (excl. aquaculture). Through the operation of Central Markets, CMFO acts as a major facilitator of organized distribution and trading of perishable goods. With more than 700 enterprises operating out of its facilities, competition in the markets ensures highquality standards and fair price levels, and the uninterrupted supply of perishables to consumers throughout the country. The company supports its tenant enterprises by providing a variety of services; promoting business extroversion and export initiatives, participating in domestic and international exhibitions, organizing trade missions abroad, and reinforcing synergies among enterprises. CMFO also provides specialised consulting services and technical support in market design, management and operation. In 2017 CMFO conducted a study for the renovation and modernization of Athens’ central municipal market, Varvakeios Market of Athens, and in 2018 initiated a new project for the conversion of the old bus hackstand in Ippodameias square, Piraeus, into a modern food retail market. The company’s Master Plan 2018-2022, outlines the importance of infrastructure improvements in the Central Market of Athens as the main priority. The project begins in 2019 and includes the upgrade
›››››› of cold store facilities, a new access control, traffic management and parking system, a security and surveillance system, and the upgrade of telecom networks. An international architectural design competition for the redesign of the Central Market, is also scheduled in 2019, in order to expand the market’s capacity and include new products (dairy, pulses, oils, flowers).
CENTRAL MARKETS & FISHERY ORGANIZATION SA 2016 2017 Turnover 13,465,114 € 13,878,857 € Profit Before Taxes 1,496,128 € 2,464,009 € Gross Profit 6,743,450 € 7,379,069 € Total Equity 51,726,543 € 53,328,858 € Liabilities 11,116,830 € 10,677,158 €
Change (%) 3.1 64.7 9.4 3.1 -4.0
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DIAMONDS OF THE GREEK ECONOMY
2019
Marine Tours S.A. The leading Travel Management Company that “Travels, Inspires & Empowers” a whole world of business travelers!
TRAVEL MANAGEMENT COMPANY
Marine Tours, founded in 1980, has been leading the Travel Management industry in Greece and today proudly constitutes the strategic travel partner of the major Shipping and Corporate Businesses. As a truly vertically integrated travel organization, Marine Tours reached one of the highest business rankings in Greece, achieving an annual turnover of more than €230 million and the top position as an issuer of international air tickets, while it has received numerous distinctions and honorary awards for its entrepreneurial development by the most reputable international organizations. Expert in marine and offshore and business travel, together with strong experience in incentives, meetings and events (MICE), Marine Tours is a Travel Management Company that implements a holistic approach to every company’s traveling needs, with a clear focus on Cost Optimization, Business Benefit and Traveler Experience.
Konstantinos Oikonomou, Chief Executive Officer
Contact details 7-15 Pandrosou St. & 8 Mnisikleous St., 105 56 Athens, Greece Tel.: +30 210 3712 200 Fax.: +30 210 3712 290 Email: marinetours@marinetours.gr Website: http://www.marinetours.gr/
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Global Network Combining the best of both worlds, Marine Tours offers global alignment with local expertise in 92 countries, as a member of the most prestigious network around the world, Radius Travel, meeting at the same time the highest operating and service standards required to become a member of it. Expertise blends with global negotiation power to maximize the return on investment in business travel. Travel Technology As a market-leading business travel management company, Marine Tours is a driver of innovation in its sector. The organization has invested in travel management technology and developed an industry-leading suite of tools to make every business travel management simpler, more efficient and even more cost-effective. Customer Excellence Cutting-edge Technology meets exceptional personal service to exceed customers’ expectations for almost
›››››› 40 years. More than just a service, the company redefines the experience of business travel, becoming a strategic extension of every organization. With a highly skilled team of executives and a clear focus on responsiveness, effectiveness and customer loyalty, Marine Tours is committed to transforming business goals into unique travel experiences, ensuring that companies achieve their objectives.
Marine Tours S.A. 2017
Gross Annual Sales €230 million Number of Travelers 900,000+ Airline Tickets Sold 800,000+ Locations Presence 3,600+ Global Network 92 Countries
Corporate Responsibility Marine Tours’ approach to Corporate Responsibility is an extension of its commitment to offer excellence in everything it does and shapes the way it serves, not only its customers, but also all of its stakeholders. As a leading travel management company, it has developed a holistic Corporate Social Responsibility based on three crucial pillars of the society: environment, education and children. Through this program, Marine Tours provides multiple benefits to its stakeholders and their communities, aiming at creating value for social, environmental and economic growth.
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DIAMONDS OF THE GREEK ECONOMY
2019
Cosmetics Commercial Turnover 25,118,273 €
PROFIT BEFORE TAXES 1,000,000 €
INTERMED S.A.
Value for people, responsibility towards Society
Contact details 27 Kaliftaki St., 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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InterMed was founded in 1996 by Kleon Tsetis, a restless pharmacist who envisioned a pioneer manufacturing industry in the medical field, to contribute to the care treatment of everyday needs, as well as specific health and wellbeing 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 Algofren, 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 in 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 para-pharmaceutical products, covering the daily, general and specific needs of modern humans. Facilities The firm’s headquarters are located in the northern Athens suburb of Kifissia, in a modern building complex of a total floor
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space of 17,000sqm. The premises comprise 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 is staffed 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 at improving quality of life. Registration Department The Registration Department is responsible for the creation of the necessary files for the scientific documentation of products developed by InterMed pharmaceutical laboratories. It is also responsible for planning,
velopment 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. 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. Gold Award for the product EVA MYCOSIS at the BEST IN PHARMACY 2018. Eva Mycosis has been awarded as the most innovative product in the Greek pharmacies. Award as a Diamond of the Greek Econ-
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organizing and supervising clinical studies, in collaboration with universities, research centers and independent institutions in Europe. Commitment to Quality InterMed’s basic commitment is to identify and meet the needs of modern people by applying the current legislation and continuously improving customer satisfaction, product quality, social and environmental contribution. InterMed manufactures its products in accordance with applicable Good Manufacturing Principles (GMP) using pure grade raw pharmaceutical materials. To ensure excellence in its way towards quality, InterMed has been certified according to: ● EN ISO 9001:2008, for applying a quality management system in all processes; ● EN 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 ten consecutive years that the company applies the EFQM Business Excellence Model, ΙNTERMED has managed to combine business de-
omy, by the organisation Active Business (July 2018). “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 is a proud member of the United Nations Global Compact by complying with the 17 goals for sustainable development and the only pharmaceutical industry among 30 companies in Greece that has signed the Memorandum of establishment of the Global Compact Network Hellas. A robust CSR Strategy that entails significant actions and initiatives for the environment, access to health services, quality of life and wellbeing, cultivating a culture of voluntarism and solidarity.
InterMed 2018 2017 2016 Turnover 25,118,273 € 22,883,004 € 20,682,924 € Pre-tax Profit 1,000,000 € 2,311,481 € 2,519,869 € EBITDA 2,000,000 € 3,000,000 € 3,200,000 € Gross Profit 12,658,000 € 11,155,410 € 10,014,353 € Total Equity 23,500,000 € 22,913,604 € 21,355,466 €
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DIAMONDS OF THE GREEK ECONOMY
2019
Food Products
Sefco Zeelandia S.A.
Industrial
Thinking differently today creates tomorrow’s bakery success
Turnover 17,851,743 €
Sefco Zeelandia, is one of the strongest companies in the field of bakery, confectionery and ice cream ingredients in Greece, covering the development, production, distribution and technical support of products, that are addressed to professional bakers and pastry chefs.
PROFIT BEFORE TAXES 2,025,815 €
A dynamic transformation The fascinating journey started back in 1968, when the company Neochimiki Ltd, that was found in 1965 was renamed as Sefco Ltd. In 1992, a new cooperation started between Sefco and Zeelandia, a leading Dutch big international corporation (founded in 1900), active in bakery ingredients. The result was Sefco Zeelandia, a joint venture, that changed the map of the bakery ingredient companies, laying the foundation for a long-term collaboration with international high standards of quality and service.
Theodoros Batis, – President and CEO
Zeelandia, a huge international company with almost 120 years of experience worldwide, offers high quality bakery ingredients, advanced service and application systems and technological expertise to inspire customers.
Contact details Aghiou Dimitriou str., Thesis Gialou, Christoupoli, P.O. Box 16, 19004 Spata, Attica, Greece Tel.: 210 6633662-3 Fax: 210 6634140 Email: mail@sefcozeelandia.gr Website: www.sefcozeelandia.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
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Sefco Zeelandia today With almost 55 years of presence in the Greek market and with powerful partnerships with leading names in the industry, Sefco Zeelandia has built strong relationships of trust and reliability by providing the right professional development opportunities. The international presence of Sefco Zeelandia is one of the most important parts of its success story. The company currently has operation in Balkans and in Cyprus, always aiming to be in direct and close contact with its foreign clients. The company’s goal is to be a source of inspiration and creativity for its customers and offers them remarkable opportunities, by transforming its products into experience for the final consumers. Sefco Zeelandia has an active social responsibility track record supporting local communities and many charitable organizations all over Greece by offering products or by providing donations. The core values of being inventive, ambitious, courageous, involved and responsible that lie in the heart of the company’s philosophy have succeeded in creating and sustaining over time a unique bond with its customers, based on the solid proof that these principles will never be compromised.
Sefco Zeelandia S.A. 2016 16,660,079 € 2,489,014 € 6,708,226 € 7,438,711 € 8,676,763 €
2017 17,851,743 € 2,025,815 € 6,671,376 € 8,876,420 € 9,230,868 €
Change (%) 7.2 -18.6 -0.5 19.3 6.4
›››››› Important dates ● 1965: Establishment of the company Neochimiki Ltd.
● 2009: E stablishment of a subsidiary in Serbia.
● 1968: Separation of bakery ingredients and establishment of Sefco Ltd.
● 2011: E stablishment of a branch in Thessaloniki.
● 1992: Association with the Dutch Zeelandia (joint venture). ● 2002: Establishment of joint venture and then subsidiary in Bulgaria.
● 2016: New, state-of-the-art production plant and new warehouse in Spata. ● 2018: N ew global Brand Positioning of Zeelandia
To create bakery success, we… …employ 100 people.
…offer thousands of products.
…serve bakeries of all sizes.
Sefco Zeelandia employs 100 people in Greece, who (in close cooperation with customers) explore new and inventive ways of achieving success in the world of bakery. By thinking differently today, we inspire customers with ingredients and better ways to bake, manage and sell.
Our product portfolio covers thousands of products for bread mixes, pastry mixes, bread improvers, fermented products, custards, fruits, ice cream ingredients, coating as well as release agents.
From small artisanal bakeries to large industrial bakeries catering for retail chains and out-of-home outlets.
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DIAMONDS OF THE GREEK ECONOMY
2019
PHARMACEUTICALS Industrial
ANFARM Hellas S.A.
A dynamic EU GMP manufacturer of quality generics since 1967
ANFARM Hellas SA, an EU GMP Pharmaceuticals’ Manufacturer, was established in 1967 by its founder and President Mr. Apostolos Nicolaou, with the vision to provide quality generic pharmaceuticals to every country in the world. 52 years later, ANFARM’s international activities range from licensing to exports and contract manufacturing in numerous countries in Europe, in Asia, in Canada and in Africa as well as in emerging generic markets such as the MENA, LATAM & APAC regions.
ANFARM’s main pillars of expertise and growth are: 1. Out Licensing & International Sales 2. New Product Developments 3. Contract Manufacturing 4. Technology Transfers With state-of-the-art manufacturing facilities in Schimatari, ANFARM:
Contact details
● Has the capacity to manufacture over 30 million vials of lyophilized products annually in
Head Offices: 53-57 Perikleous Str., Gerakas, 15344, Athens, Greece, T: +30 210 6831632
● Manufactures its liquid sterile products either aseptically in the sterile areas of class A / B
Manufacturing Site: 61st km National Road Athens -Lamia, 32009, Schimatari, Greece, T: +30 22620 58391 R&D Center: 1 Ag. Spyridonos Str., 32011 Inofyta, Greece, T: +30 22620 56125 Logistics Center: 72nd km National Road Athens -Lamia, 32009, Schimatari, Greece, T: +30 22620 41250 info@anfarm.com www.anfarm.com
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four separate production lines.
environment or via terminal sterilization. equipped with fully upgraded and automated process for the filling of sterile penems to vials of multiple filling volumes producing 12 million vials annually.
● Is
ANFARM’s R&D Center, which since 2017 has been transferred 5km from its manufacturing site, in Inofyta, acts as a Development Center for new generics for ANFARM and 3rd parties, as a CDMO. Both development and transfer activities are performed through the collaboration of the Formulation and Analytical Development Sub-units and aim at preparing the contents of the technical dossiers for filling through DCP and National Registration Procedures. In 2018, a new Logistic Center was established, covering over 1500m2, serving as ANFARM’s main logistics hub for its international activities.
DIAMONDS OF THE GREEK ECONOMY
2019
Chemical Products Industrial
Syngenta Hellas
Helping farmers contribute to global food security
Syngenta is one of the world’s leading companies employing a staff of more than 28,000 in more than 90 countries, dedicated to the objective of bringing the potential of plants to life. We are a business that helps mankind to face the toughest challenge: how to feed a growing population in a sustainable way. Our world-class scientific solutions and innovative products transform cultivation methods, allowing millions of growers to make better use of available resources. We provide products and solutions that help farmers contribute to the success of global food security for a growing population in a sustainable way. We work by looking at agriculture through the eyes of growers, and we apply world-class science to develop plant protection and seeds. Syngenta Hellas offers employment to a staff of 200 in the following activities: Plant Protection, Large Cultivation Seeds, Vegetable Seeds, and Public Health Products. In addition, our Inofita plant – following new investments valued at €8 million during Greece’s financial crisis – continues its operation as a facility packaging and standardizing Plant Protection Products, destined for more than 70 countries. Syngenta Hellas’ staff are internationally recognized for their team work, skills, passion and performance, and together with our partners, they are the Company’s largest asset. Corporate social responsibility The main pillar of Syngenta’s Corporate Social Responsibility is the Good Growth Plan, which includes specific commitments to produce more food with less consumption of resources, enhancing biodiversity and educating small craftsmen to improve their productivity. Implementation of the Good Growth Plan in Greece relates to two programs: • FRONTIS: it offers training to producers on the rational use of plant protection products, empty plastic packaging management, user protection measures, water protection measures and modern technical applications. • Operation Pollinator: it aims at helping strengthen the population of insect pollinators in rural areas, by creating suitable habitats - mainly on the margins of the fields, which will provide them with the necessary food sources. Syngenta Hellas also supports the new generation of agronomists through various actions. One of these is the Syngenta Family program, an innovative Syngenta program designed to train the new generation of our partners, offering them the experience and knowledge to better run their businesses.
Contact details Anthousas Avenue, Anthousa Attikis, 153 49, Greece Tel.: +30 210 6666 612 Fax +30 210 6665 777 Website: www.syngenta.gr
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2019
Logistics Commercial TOTAL Turnover 29,399,341 €
EBIT 1,524,111 €
SARMED S.A.
Business excellence Sustainable growth Social responsibility
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 is a pioneering Hellenic Logistics company, with a prominent position in the industry and together with the affiliate companies of the Group, they cover the full range of supply chain services. SARMED commenced its operations as a family business in 1991, focusing on vehicle logistics and warehouse development. To date, with the continuous expansion of its services, the company offers a vertically integrated supply chain management and manages more than 160,000 sq.m. storage facilities (140,000 sq.m. privately owned), serving the entire Greek territory by its own means, as well as exclusive collaborations. Its clientele consists mainly of multinational and Greek companies with a leading position in their sector. SARMED is distinguished by the quality, flexibility, efficiency and security of its services, the exploitation of cutting-edge technologies throughout the value chain, the capabilities and experience of its executives and its particularly robust financial fundamentals. The company systematically invests in attracting and developing talents, modern
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management methods, continuous training and enhancing knowledge and innovation. At the same time, it places great emphasis on regulatory compliance, modern corporate governance principles and corporate responsibility. In 2018, SARMED’s turnover amounted to € 29.4 million (+ 17% yoy), EBITDA to € 2.7 million, equity to € 52 million, while debt remained zero. Since 2013, it has steadily increased its performance while also planning and implementing projects to continue upgrading and enhancing its international competitiveness. Since then, it has over doubled its total annual turnover. During the last 18 months, headcount has increased by 330, totaling 600 staff (employed or seconded). The company’s strategy entails further expansion of the services provided, penetration in new services and markets and strategic alliances, aiming at sustaining high corporate growth rate. SARMED’s vision is to be the first choice for any international and domestic customer seeking a trusted partner at Logistics ser-
›››››› vices. We are dedicated in achieving international recognition for our reliability, quality, flexibility, technological excellence in a wide range of integrated services offered to our customers. Why choose SARMED: ● Business sustainability: Solid financials, zero debt. ● Infrastructure: 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. ● Cutting edge technologies: continuous investments in new technologies. Our aim is to provide our customers with the most reliable and innovative logistics solutions. ● Human resources: Total personnel consists of 600 people, constantly trained in logistics techniques and processes. ● Solid clientele: Clientele consists mainly of multinational organizations as well
as financially healthy Greek companies with a growth story, which proves the market’s trust towards SARMED and the services provided. ● Flexibility: Our financial strength, our human resources, infrastructure, technology and truck fleet as well as the management culture of the company enable comprehensive and flexible logistics solutions. ● Business excellence: SARMED has been awarded in Greece (Transport & Logistics Awards) and in Europe (European Business Awards & Ecovadis platform distinction for sustainable growth).
Turnover EBITDA Profit After Taxes Total Equity Liabilities
SARMED S.A. (Amounts in thous. euros) 2017 2018 25.122€ 29.399 € 2.816 € 2.689 € 1.231 € 1.341 € 50.600 € 51.835 € 14.537 € 13.933 €
Change (%) 17.0 -4.5 8.9 2.4 -4.2
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DIAMONDS OF THE GREEK ECONOMY
2019
VITEX - YANNIDIS BROS S.A.
Chemical Products
A New International Strategic Alliance | Vitex with TeflonTM
Industrial Turnover
VITEX - YANNIDIS BROS S.A. is the largest Greek- owned company of architectural paints. In spite of the economic recession, VITEX continues to invest and expand. In the period 2012-2018, the firm saw its growth rate jump to + 48% in net sales, with a 20% increase in the number of staff. The company’s excellence and dynamic development has been recognised for the second consecutive year, by the prestigious “Growth Awards Committee” as one of the Top 1 Best performing companies in Greece for 2018 & 2019, evaluated out of a pool of 8.000 companies by Eurobank & Grant Thornton. 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
37.630.669 €
PROFIT BEFORE TAXES 2.400.000 €
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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●E UMARIA - 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 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 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 while it exports to over 20 countries across the world. The Group employs over 230 employees in research & development, sales, production, exports, marketing, quality control and product safety. VITEX has been the recipient of a significant number of prestigious
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
countries through the participation in leading trade fairs, in an effort to capitalize on its 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 S.A., inaugurated 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, Serbia, Malta and other Southeastern European countries and was awarded as the “Product of the year” for 2018.
VITEX S.A. 2017 33,618,062 € 1,789,754 € 9,722,116 € 39,055,325 € 25,090,159 €
2018 37,630,669 € 2,400,000 € 11,406,885 € 41,200,000 € 23,591,514 €
Change (%) 11.9 34.1 17.3 5.5 -6.0
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awards, including the Health & Safety awards, Best Hotel Supplier award, Diamonds of the Greek Economy award, DIY Awards, etc. 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 more markets, the group has drawn up an action plan for its expansion to several
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DIAMONDS OF THE GREEK ECONOMY
2019
Mining - Metallurgical Industrial Turnover 14,240,873 €
M.E.TE. S.A.
Trust – Specialization – Experience on the exploitation of lignite & quartz deposits METE S.A. “MINING – TECHNICAL – TRADING S.A.” is a Greek company based in Florina, established in 1986 by the late Georgios K. Messinis (Mining and Metallurgical Engineer). The company avails two branches, one in Chalandri, Athens and one in Prosilio, in the Prefecture of Kozani. The total of the company’s share capital is owned by Stamatoula Messini’s family.
PROFIT BEFORE TAXES 1,716,053 €
METE S.A. MISSION: The main aim of the company is the efficient and effective exploitation of the Mineral Wealth that contributes to the industrial and exporting sectors with important benefits to the Economy. In this framework, the company in full awareness of its economic, social and environmental responsibility, is committed to strive for the safety of its employees and partners in its projects, to provide sustainable employment, to contribute positively to the local communities near which it operates and to follow up-to-date mining methodologies according clients’ needs while minimizing any impacts resulting from the operation of mines.
Konstantinos Mesinis, President & Chief Executive Officer
Contact details 27 B Morihovou street, Florina, Greece Tel.: +30 23850-29583/26095 Fax:+30 23850-24763 E-mail: headoffice@mete.gr Website: http://mete.gr
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Overview of the Company’s Operations Exploitation of Coal Mines METE SA, having as main scope the exploitation of lignite mines, has developed and appropriated unique expertise in all phases and processes of the Exploration, Development and Exploitation of coal mines that the company has exploited either as the licensee or as the sole exploitation contractor, and is currently one of the largest private companies of the relevant sector in Greece. Since 1986, the company with a continuous presence in the lignite mining operations has successfully implemented more than 15 projects involving the extraction of more than 19 million tons of lignite and a total
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turnover of more than 270 million EUROS. METE S.A. has been certified by TUV Austria in accordance with standards EN ISO 9001:2008 for the design, extraction, crushing, sorting and disposal of lignite deposits; EN ISO 14001:2004 for its environmental management system; and OHSAS 18001: 2007/ELOT 1801: 2008 concerning its management system on health and safety at work. Exploitation of quartz deposits The company, since 2016 following the developments in the broader mining sector and aiming at the expansion-diversification of its production and market, has started the exploitation of a quartz deposit, suitable for industrial use, in the Prefecture of Florina. The quartz production began during the summer of 2017, following significant investments in infrastructure (electromechanical equipment, machinery etc). The annual quartz production capacity will exceed 100,000 tn.
›››››› The personnel of METE S.A includes experienced Mining Engineers, Chemical Engineers, Foremen, and Machinery Maintainers and Operators, Drivers and Workers with years of experience in the exploitation conditions. The company is also staffed with a group of economists and an organized legal service.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
M.E.TE. S.A. 2016 11,954,153 € 1,002,899 € 4,327,481 € 10,981,549 € 3,387,657 €
2017 14,240,873 € 1,716,053 € 6,287,901 € 12,549,182 € 4,742,274 €
Change (%) 19.1 71.1 45.3 14.3 40.0
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DIAMONDS OF THE GREEK ECONOMY
2019
Pharmaceutical Products Industrial Turnover 8,055,421.00 €
PROFIT BEFORE TAXES
ADELCO S.A.
85 years of history in pharmaceutical and cosmetic products In 1934, the brothers Homer and Orestis Colocotronis, established in Moschato, Athens Chromatourgia Athinon E. Colocotroni Bros, for the manufacture of dyes and allied chemicals. In 1948, a large division was added for the manufacture of pharmaceuticals and later for toiletry cosmetics. In the 1970s, Adelco becomes one of the largest Greek pharmaceutical companies by creating superior quality pharmaceutical products, like Stedon, Filicine, Minitran, Paroticin and Salopyrine, while at the same time expanding the cosmetic production, introducing OM-OR, the first shampoo marketed in Greece and an extensive range of toiletry cosmetics. A part of Adelco’s products, is exported to countries of Africa, Eastern Europe and to the Middle & Far East. In 1983, Adelco continues its activities under the direction of Mr. Evangelos Colocotronis, whose belief is that “high quality is a fundamental value and the principal com-
1,658,892.00 €
Evangelos Colocotronis, President of Adelco SA
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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mitment for a pharmaceutical company such as Adelco”. The company produces annually some 5 million of about 70 pharmaceutical products, branded generics and unique combinations in various pharmacotechnical forms, which cover a wide therapeutic spectrum, like Neurosedine, Adeprenal, Algine, Acinic, Menago, Clopadel, Cardiostyl, Caricia, etc., and also 50 forms of toiletry cosmetics, like Adelco kids, Intense Spa (for women), Velvet Hand & Body and the Adelco Men’s Concept. As of 2013, the company’s objective is to establish new collaborations with Greek and foreign companies. It has already expanded its sales in other sectors, such as food supplements PharmaLine, which are imported from Italy. As of 2017 Adelco has embarked on a major effort to boost exports to more than 40 countries, creating two subsidiaries in Australia and Jordan.
›››››› In the past two years, Adelco has been investing in the upgrading of pharmaceutical production facilities and lines, reinforcing its potential with skilled new staff. Adelco believes that the overall quality we must offer is as important as the importance of good health. So we strive daily, aiming at perfection.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ADELCO S.A. 2016 7,610,629.00 € 1,770,967.00 € 4,871,481.00 € 5,219,849.00 € 11,038,502.00 €
2017 8,055,421.00 € 1,658,892.00 € 5,140,394.00 € 6,224,440.00 € 11,182,711.00 €
Change (%) 5.8 -6.3 5.5 19.2 1.3
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DIAMONDS OF THE GREEK ECONOMY
2019
UNI-PHARMA KLEON TSETIS PHARMACEUTICAL LABORATORIES SA
Pharmaceutical Products
56 years of value creation in the pharma industry: A story worth telling
Industrial Turnover 55,917,029 €
PROFIT BEFORE TAXES 1,459,734 €
Contact details 14th km Athens-Lamias 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 pharma companies, UNI-PHARMA S.A. and INTERMED S.A., and a commercial company in Cyprus, Pharmabelle, all sharing parallel objectives, yet with a different focus. Kleon Tsetis, a restless pharmacist and researcher, with a vision to strengthen the position of Greek manufacturing in the pharmaceutical industry, established UniPharma in 1963 with the mission to improve the quality of life of our fellow men by facilitating access to treatment with Innovative, high-quality, GMP and cost-efficient 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 innovative highlight brands such as APOTEL® and SALOSPIR®, as well as technological challenges such as T4®, and the new one TREBON GRIPPE day & night. Uni-Pharma’s vision 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 collaboration potential with commercial partners and academic Institutions, 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 more than 41 countries (both Uni-pharma and InterMed extend to more than 64 countries worldwide), leveraging on growth opportunities around the globe. UNI-PHARMA exports high-technology and innovative products under its own brands, creating value and contributing to the great national effort of re-shaping the character and dynamic of Greece’s economy. In the field of research, the firm has expand-
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ed far beyond the realm of pharmaceutical technology and innovation, as it already holds 38 national patents, 14 international patent applications/patents, some of them granted in more than 60 countries worldwide, 9 new national and international patent applications in 2018-2019, in the fields of pharmaceutical active substances development and novel pharmaceutical and nutritional compositions. 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 made in the Greek pharmaceutical field over the last years. The new facilities are a model for safety, efficiency and automation. The bioclimatic design, allows a significant reduction in the site’s energy consumption footprint, coupled with other best sustainability practices, 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: Award to Mrs Ioulia Tsetis as one of the Most Powerful Women in Greece by the magazine FORTUNE GREECE. EFQM Recognized for Excellence - 5 stars (Global Award Simulation Process). Having successfully applied the EFQM MODEL OF BUSINESS EXCELLENCE for more than 10 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
2015 for its new manufacturing facilities in Kifissia, Athens. Uni-pharma is a proud member of the United Nations Global Compact by complying with the 17 goals for sustainable development, and the only pharmaceutical industry among 30 companies in Greece that has signed the Memorandum of establishment of the Global Compact Network Hellas. The firm’s robust CSR Strategy entails significant actions and initiatives for the environment, access to health services, quality of life and wellbeing, cultivating a culture of voluntarism and solidarity. Last but not least, the Kleon Tsetis foundation supports among many other things science and youth with a significant number of scholarships for the new generation of Greek scientists, in order to create favourable conditions for brilliant Greek minds not to follow the braindrain trend which has emerged in recent years as a result of the country’s financial crisis. Turnover Pre-tax profit EBITDA Gross Profit Total Equity
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the corporate development processes, focuses on their continuous training, empowerment and ensuring a healthy, safe and creative future for them and their families. THE PROTAGONISTS OF THE GREEK ECONOMY, by the Direction Business Network: Award for the dynamic extroversion of Unipharma CREATIVE GREECE, by the Active Business Publishing Institution – Award to The Tsetis Group of Pharmaceutical Companies (OFET), for the remarkable extroversion of both of its pharmaceutical companies Unipharma and InterMed. Diamonds of the Greek Economy - in the category ‘The most Admired enterprises’ for four consecutive years in 2015, 2016, 2017 and 2018, 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, for the years 2015, 2016, 2017, 2018, 2019. 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 extroversion 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 all energy-intensive 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-
Uni-pharma 2018 2017 2016 63,385,286 € 55,917,029 € 55,102,925 € 3,700,000 € 1,459,734 € 1,019,354 € 11,000,000 € 7,341,443 € 6,485,544 € 24,000,000 € 19,088,248 € 17,828,058 € 61,000,000 € 58,487,305 € 59,586,486 €
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DIAMONDS OF THE GREEK ECONOMY
2019
PEI.FA.SYN GROUP
PHARMACEUTICALS
Specializing in integrated pharmacy support and development
Commercial Turnover 172,557,000 €
PROFIT BEFORE TAXES 1,531,000 €
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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PΕI.FA.SYN is one of Greece’s three largest wholesale cooperative pharmaceutical companies, also featured in the list of the country’s 50 largest commercial companies in all sectors. Through its 4-decade-long uninterrupted presence and activity, the Cooperative distributes the full range of products traded in pharmacies, with a portfolio of 24,000 codes. At the same time, it provides comprehensive high-quality services to maximize member-pharmacies’ expectations by enhancing the pharmacy and supporting it to transform its model of operation to meet citizens’ health needs and requirements in coming years. Since its inception, the management dares, pioneers and invests, thus developing the business. In 2017-2018, the Cooperative spent some 4.0 million euros to invest in buildings and equipment. The Group now consists of the parent company, the Cooperative, three subsidiary companies (pharmacy warehouses): SY.PHA.PEL in Argolida, SY.FA.KO in Korinthia, and SY.HA SAMOU on Samos island, as well as a subsidiary offering consultation and organizational services to pharmacies. The company operates in two modern privately-owned buildings in the inner Athens suburb of Renti, as well as three (3) rented premises in the province, of a total floor
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space of 6,500sqm. Deliveries are taken care of by its privately-owned fleet of 35 trucks, operating in line with the EU’s GDP directives. It has a modern ERP that supports all of its activities, while logistics processes are managed by a WMS system. Recently, the Group upgraded and expanded its automated robotic screening system, which runs 75% of daily production. Following the expansion of its DIGITAL branch in 2016, the Cooperative provides pharmacies with access to an electronic B2B platform, giving pharmacists modern tools of advanced information and purchasing management, having received the best of market critique and being a model for competition. Finally, the Cooperative has also entered the prewholesale drug market, providing logistics services (3PL) and distributing products to other drugstores on behalf of pharmaceutical companies. PEI.FA.SYN today is the main supplier and primarily a strategic partner of 850 pharmacies in many areas of central and southern Greece, of which 540 are also shareholders. With as many as 190 highly-trained executives and employees eager for creation and loyal to PEIFASYN, the Cooperative distributes through a decentralized logistics network on a daily basis 120,000 product packages with over 50,000 invoice lines. Taking advantage of the above, the Coop-
macy field, the Cooperative tries to prepare and strengthen the pharmacy against the threats posed by alternative channels and large European pharmaceutical groups.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PEI.FA.SYN. GROUP 2017 2018 172,557,000 € 182,863,000 € 1,531,000 € 1,596,000 € 8,218,000 € 8,420,000 € 20,388,000 € 21,680,000 € 38,141,000 € 40,542,000 €
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erative advances its communication with pharmacies and the market, while continuously enlarging its market share and geographically expanding its sales network. The Cooperative to date provides pharmacies with: training in scientific and professional matters for pharmacists as well as for pharmacists’ assistants, pharmacy and IT services, software and IT equipment, the PEIFASYN-TV and PEIFASYN-ADVICE systems for commercial development of pharmacies, provision of specialized personnel for the development of consumer products and organizing pharmacy events, pharmacy financial management consultancy, etc. Environmental consciousness is behind every effort to reduce the environmental footprint from the operation of the business, minimizing the use of plastics by using reusable packaging. PEIFASYN Group considers corporate social responsibility as an important and integral part of its culture and therefore undertakes social benefit initiatives to support vulnerable social groups. In addition, this year is organizing for the third year- a Conference, inviting speakers of international scope to present all the ups and downs created by the 4th industrialdigital revolution in the health and pharmaceutical markets. Given the entry of global giants in the Greece’s domestic market, and all the upcoming international changes in the phar-
Change (%) 6.0 4.2 2.5 6.3 6.3
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DIAMONDS OF THE GREEK ECONOMY
2019
EVOL EAS VOLOU
Dairy Products
Profile of Agricultural Cooperative Volos
Industrial Turnover 16,724,919 €
PROFIT BEFORE TAXES 1,430,066 €
Nikitas Printzos, President of AGRICULTURAL COOPERATIVE VOLOS – EVOL
Contact details Volos Industrial Park Tel.: +30 24210 95638 - 95095 Email: info@evol-easvolou.gr Website: www.evol-easvolou.gr
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The Agricultural Cooperative of Volos (EVOL) is a primary agricultural cooperative which emerged from the merger of the former Union of Agricultural Cooperatives of Volos with other primary agricultural cooperatives. EVOL’s main activity is the collection, processing and standardization of cow, sheep and goat milk for the production of Dairy and Cheese Products. All of this activity is carried out by the EVOL dairy industry, the locomotive of the Cooperative, located in the 1st Industrial Area of Volos, Magnesia Prefecture, on its privately-owned 10,000-sqm facility, built on a 22,000-sqm plot. Nowadays, the Dairy has more than 60 product codes, in several packagings, in the domestic market: milk, PDO cheese, yoghurt, butter, anthotyro, mizithra, cream, rice - all prepared in the traditional way. EVOL is a pioneering industry in the production of organic products. In 2005, the firm was the first dairy industry to market fresh, organic goat milk. A milk that comes exclusively from the native species of Skopelos island, grazing freely in virgin forest land in the villages of West Pelion (Keramidi, Kanalia, Veneto, Kerassia). In addition, EVOL produces organic goat cheese, yogurt, butter and organic products from sheep’s and cow’s milk. Dairy products are traded both in the local market of South Magnesia, which has a market share of over 70%, and in the wider regions of Thessaly, Attica and many other locations around Greece. Other EVOL activities: 1. Collection and marketing of agricultural products, namely Wheat, Barley and Corn. By this activity, the Cooperative attempts to implement an intervention policy on product prices to the benefit of producers. For this purpose, EVOL operates privately-owned horizontal warehouses and SILOS in all the villages of its area of responsibility. The Cooper-
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ative is also equipped with a Corn Dryer. 2. Provision of services to farmers and livestock breeders in the area of respon sibility, namely filling out tax and VAT return forms, as well as the compilation of applications and programs for farmers and livestock breeders in the area, and their registration in the Integrated Subsidies System of OSSE. The Cooperative also offers insurance to farmers and livestock farmers. financial data The Agricultural Cooperative posted 2018 net earnings of 1.39 million. In 2019, turnover is projected to reach 20 million euros. EVOL has zero debts to banks or other liabilities to third parties, and operates on its own liquidity. The Cooperative at the end of 2018 employed a total staff of 140. SOCIAL WORK EVOL has been always offering support to vulnerable social groups and bodies
›››››› in Greece. Indicatively, the Cooperative in the past two years granted the following: ●S cholarships to 15 destitute students every year. ●O ne ambulance and medical equipment to Volos Hospital, as well as one ambulance to Velestin Health Center. ●C ar and various equipment to Magnesia police station. ●F ood and financial support to all the Municipalities in the Prefecture of Magnesia during the holidays, but also in some cases -where it is deemed appropriate- on an annual basis.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
EVOL EAS VOLOU 2016 15,237,434 € 1,393,685 € 3,816,493 € 5,528,267 € 7,509,937 €
2017 16,724,919 € 1,430,066 € 3,759,196 € 6,782,145 € 6,452,247 €
Change (%) 9.8 2.6 -1.5 22.7 -14.1
FACILITIES The Organization operates the following privately-owned facilities: 1. Headquarters, at 99 Larissis St., Volos, on a 4,730-sqm land plot. 2. Industrial Area of Volos: EVOL Dairy Industry facilities are built on a 22,000sqm plot. Facilities in the same area also include: (a) A Feed Factory. (b) A Plastic Bottling Plant. (c) Horizontal Warehouses with a total area of 7,000sqm in various villages for storage of animal feed. (d) SILOS for the collection of cereals with a capacity of 10,000 tons/day. (e) Corn cobs with a drying capacity of 200 tons/day. (f ) Plots of land of 60,000sqm.
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DIAMONDS OF THE GREEK ECONOMY
2019
PPG HELLAS S.A.
Chemical Products
PPG: A world leader in coatings
Commercial Turnover 12,017,107 €
PROFIT BEFORE TAXES 1,425,160 €
Nikos Georgiou, General Manager PPG Greece & SE Europe
Contact details 45 Tatoiou St., Acharnai 13677, Athens, Greece Tel: +30 210 2402975/6/8 Fax: +30 210 2460313 Email: contact.greece@ppg.com Website: gr.ppgrefinish.com
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PPG was founded in 1883 as Pittsburgh Plate Glass by Captain John B. Ford and John Pitcairn in Pittsburgh, Pennsylvania. Today, PPG with operations in more than 70 countries, 156 manufacturing facilities worldwide and 47,000 employees protecting and beautifying our world is a leader in all markets of construction, consumer products, industrial and transportation markets and aftermarkets as a global supplier of paints, coatings, optical products and specialty materials. Through leadership in innovation, sustainability and color, PPG helps customers enhance more surfaces in more ways than does any other company. With total net sales at $15.4 billion (2018), PPG ranks 183th on the Fortune 500, while PPG shares are traded on the New York Stock Exchange (symbol: PPG), PPG’s vision is to be the world’s leading coatings company by consistently delivering highquality, innovative and sustainable solutions that customers trust to protect and beautify their products and surroundings. This vision will guide us on our journey toward our common goals and principles. We maintain industry-leading standards with regard to environment, health and safety. We are committed to designing, building and operating its facilities in ways that: ● Prevent harm to public health and the environment; ● Conserve energy, water and raw materials;
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● Integrate pollution prevention; ●M ake a positive contribution to the surrounding community and society. In 2018, PPG and the PPG Foundation invested more than $9 million in communities around the world; ●O perating safe workplaces and manufacturing, selling and distributing products in a manner that is safe and healthful for its employees, neighbors and customers, and that protects the environment; ● I mplementing global processes to track new regulations and emerging issues; ● I mplementing initiatives to improve employee safety, health and well-being, reducing the PPG injury-and-illness rate. High ethical standards are vital in our culture Believing that excellence in business and high ethical standards go hand in hand, we are committed to: ● F urnishing goods and services that meet our customers and society’s needs; ●P roviding employees with a safe, healthy and fulfilling work environment; ●P roviding our shareholders with a superior return on investment; and ●C ontributing as a good corporate citizen to each nation and community in which we operate. We conduct annual online ethics training
›››››› and certification, and provides a Global Ethics Hotline for employees. At a Glance Employees Worldwide: ~47,000 ● North America: ~18,500 ● Europe, Middle East and Africa (EMEA): ~15,200 ● Latin America: ~6,100 ● Asia Pacific: ~7,200 Worldwide: 156 manufacturing facilities ● United States: 45 sites (19 states) ● Other Americas: 14 sites (10 countries) ● EMEA: 64 sites (29 countries) ● Asia Pacific: 33 sites (12 countries)
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PPG HELLAS S.A. 2016 9,465,589 € 941,888 € 4,759,375 € 6,395,325 € 2,293,052 €
2017 12,017,107 € 1,425,160 € 5,095,460 € 7,347,394 € 2,415,655 €
Change (%) 27.0 51.3 7.1 14.9 5.3
Research Facilities Primary research centers: ● PPG Coatings Innovation Center (Allison Park, Pennsylvania) ● Monroeville Business and Technology Center (Monroeville, Pennsylvania)
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DIAMONDS OF THE GREEK ECONOMY
2019
Pharmaceutical Products Commercial Turnover
SERVIER HELLAS PHARMACEUTICALS LTD.
Servier, a forward looking Group Servier is an international and independent pharmaceutical company governed by a non-profit foundation, with headquarters in Suresnes, France. Since the opening of its first laboratory in 1954 by Dr. Jacques Servier, the company has been committed to therapeutic progress to serve patient needs with the help of healthcare professionals. It strives to provide future generations with a world where quality healthcare is available and accessible to all. Operating in 149 countries, Servier has 22,000 collaborators employed worldwide and a turnover of 4.176 billion euros in 2018. Entirely independent, it is able to reinvest 25% of its total revenue (excluding generics) into Research and Development, and all profits are used for further development, since there are no individual shareholders. Corporate growth at Servier is driven by the continuous pursuit of innovation in five areas of excellence: cardiovascular and immune-inflammatory diseases, neuropsychiatric disorders, cancer and diabetes. It is a leading force in cardiology—number 2 in Europe, number 5 worldwide—and oncology has become a top priority in recent years; it also manufactures high-quality ge-
25,737,434 €
PROFIT BEFORE TAXES 1,380,312 €
Frédéric Fouilloux, General Manager, Servier Hellas
Contact details 7 Fragkoklissias str. - 151 25 Maroussi - Greece Tel. +30 210 93 91 000 Website: www.servier.com
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neric drugs. 100 million patients are treated daily with Servier medicinal products and generics. The Group’s three research centres are continuously involved in creating, testing, and developing new medicinal products, which are manufactured and packaged in 16 production centres around the world. Servier has also an active partnership policy in the field of biotechnology and it is investing in e-health through the internal WeHealth by Servier initiative. All Servier employees are driven by shared values and guided by a common vision. Together they share the passion of entrepreneurship and commitments: Patient-IN; Servier, puts patients first. They are at the heart of each of its activities. Servier strongly believes that the best way to meet their current and future needs is to work with them. All of its considerations, decisions, and actions—from basic research to getting a medicine to market—are governed by this central position of patients. Ethics; Servier thoughts and actions comply with the laws, regulations, and good practices of the countries where it operates, while also respecting their culture. They are
›››››› guided by ethical considerations, in accordance with rules of conduct (compliance) and its corporate social responsibility. Compliance; Compliance rules help each employee act in accordance with the standards of integrity and ethics of the Group. They apply to all employees and managers in each and every country where Servier operates. Corporate Social Responsibility; Servier aims to protect the environment and create economic, social and therapeutic value, taking into account the expectations of patients and other stakeholders. CSR at Servier is a shared and meaningful project fully integrated into its corporate strategy through its vision to contribute to providing quality healthcare to all. Servier Hellas, with more than 40 years of presence in the Greek market, is among the first historical subsidiaries of Servier group. It has been significantly supporting the Greek economy all these years. Greek employees are totally dedicated to the promotion and distribution of Servier drugs to Greek patients. With its major asset being its human capital, Servier Hellas will keep investing on its people as they are the protagonists of this success story in Greece.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SERVIER HELLAS PHARMACEUTICALS LTD. 2016 2017 27,431,517 € 25,737,434 € 1,241,670 € 1,380,312 € 15,952,096 € 12,884,122 € 9,351,141 € 10,215,807 € 6,038,094 € 4,750,850 €
Change (%) -6.2 11.2 -19.2 9.2 -21.3
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DIAMONDS OF THE GREEK ECONOMY
2019
FARMA-CHEM SA
Chemical Products
Knowledge, quality and trust the core values in our DNA
Industrial Turnover 11,558,286 €
PROFIT BEFORE TAXES 1,265,715 €
Vasileios I. Mylonas, President of FARMA-CHEM SA
Sotiriοs Mylonas, Vice President of FARMA-CHEM SA
Contact details Sindos Industrial Area, 570 22, Thessaloniki, Greece Tel.: +30 2310 569630 –33, Fax: +30 2310 797047 Email: info@farmachem.gr Website: www.farmachem.gr
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FARMA-CHEM SA is a private company based in the Industrial Area of Thessaloniki, Greece specializing in the production, standardization and packaging of a wide range of crop-protection products, fertilizers and public health products. FARMA-CHEM SA is the evolution of SIM, a crop-protection enterprise, founded in 1955 by Mr. Ioannis Mylonas. Following years of dynamic evolution, in 1987 SIM changed its trade name to FARMA-CHEM SA. Today company’s premises occupy 15,000 sqm of privately-owned land, including more than 5,500 sqm of roofed areas consisting of production facilities, warehouses and the administration building. The dynamism and acceptance that our company had from the Greek market led us to advance in a new phase of investments that helped the firm triple production and stocking spaces. Planning and manufacture of all the installations, are qualified to the highest technical specifications according to Seveso I, Seveso II and Seveso III Directives. Through science and innovation, we offer to farmers reliable products and sustainable solutions. Our products (plantprotection and specialty plant nutrition products) are designed to cover most of the existing crops, improve product quality and reduce the environmental impact of agricultural practices. The company emphasize on the quality assurance at all stages of production and storage. A robust quality system is in place to ensure that all data produced are considerably reliable and accurate. Our quality systems allow us to control, at any time, the origin and the stage of the raw materials, as well as the processes used for the formulation and packaging of the final product. We provide products and services of the highest quality standards, operating in accordance to all environmental and employee health & safety standards. FARMA-CHEM SA has
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been certified with two management systems: a) OHSAS 18001:1999 (Health and Safety in Work) b) Quality Management System ISO 9001:2008 certified by Lloyd’s, UK. Thanks to large investments in state-ofthe-art technology as well as in qualified personnel, the company is nowadays one of the leaders in the Greek Agrochemical Market. The dynamic evolution, combined with the firm’s commitment to quality and know-how, provide FARMACHEM, with a competitive advantage that has earned the company an excellent reputation, contributing to our continuous growth. A substantial part of FARMA-CHEM’S growth comes from our export activity. The company already enjoys a strong presence in more than 20 countries in Europe, Middle East and Africa. Our company has been able to position itself in the international market offering special fertilizers, bio-stimulants, plant health enhancers, etc. We aim to further enhance our presence in foreign markets with new products and stronger partnerships. We are all committed to serve the Agribusiness Sector with Knowledge, Passion, Quality and Trust. During the past few years of Greece’s economic crisis, we continuously supported our people with responsibility and solidarity and we never forget the Greek community. We actively participate in research programs and studies in cooperation with Universities at a national and International level. Research and Development, Innovation and Ethics-in-Business are some of the crucial keys of our philosophy. We recognize our Responsibility towards society and we try to contribute every day. We create job opportunities and we are environmentally and socially responsible. We are proud of our highly-qualified staff, who are the key to our growth and success. For almost 65 years, we have focused on
›››››› improving all of our assets in order to build a better relation with our partners. Our mission is to be in the forefront, with the ability to compete in the market, by providing products of the highest quality and profitable solutions. And we can assure you, that this not just our mission. It’s a well-organized strategic plan for the coming years.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
FARMA-CHEM SA 2016 11,002,684 € 730,691 € 3,078,097 € 3,335,371 € 8,765,215 €
2017 11,558,286 € 1,265,715 € 3,504,968 € 3,977,637 € 10,314,849 €
Change (%) 5.0 73.2 13.9 19.3 17.7
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DIAMONDS OF THE GREEK ECONOMY
2019
Homeware Commercial Turnover 15,857,203 €
Business Units ● Fashion : 200 Shops – Traditional stores ● Retail : 6 Corporate stores ( 2,150 m2 retail space in total) ● 45 shop in shop in Greece, Cyprus , Montenegro, Albania, Romania, Bahrain ● Hotel : 1000 Hotel units and chains, Hospitals, Marine companies ● E-commerce : Corporate e-shop ● Exports : Cyprus, Balkans, Middle East, North Africa Vision To create Linen Products that excite consumers, making our brand their first choice. Strategy Quality & value-for-money products in a wide range of home categories Values ● Respect, ● Quality,● Consistency, ● Creativity, ● Education
PROFIT BEFORE TAXES 1,211,196 €
NEF-NEF S.A.
A purely Greek company with a leading role in linen
Alexandros Kleideris, President & Managing Director Konstantinos Kleideris, Vice President & Managing Director
Contact details Dalias 9, Acharnes, 13677, Athens, Greece Tel.: +30 210 2462042 Fax: +30 210 2440855 Email: info@nef-nef.gr Website: www.nef-nef.gr
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Company’s portfolio are: Bedroom: Bedsheets, Duvet cover sets, Bedspreads,Duvets, Quilts, Blankets,Mattress pads and Pillows. Living room - Dining room: Throws, Decorative Cushions,Rugs, Tablecloths and Home fragrances. Kitchen: Tablecloths, Table runners, Placemats, Kitchen Towels. Bathroom: Bathrobes,Towels, Bath mats, Bath accessories and Shower curtains. Junior: Bedsheets, Duvet covers, Quilts, Bedspreads, Blankets, Towels, Bathrobes and Rugs. Baby: Cradle & cot bed bedsheet sets, blankets, bedspreads and quilts, duvets, bumpers, Bathrobes & cloaks, Towel sets. Beach Towels and Seasonal –Christmas
Important Milestones: 1961: Establishment of the personal company “Dimosthenis Kleideris” which deals with production and trading of home textiles. 1976: Moved to owned facilities that are high-tech equipped. 1991: NEF NEF HOMEWARE brand is introduced. 2004: In cooperation with ADIDAS we create the towel and bathrobe series for the Olympic Games in Athens «ATHENS 2004». 2007: Retail extension by creation of 45 sale points (shop in a shops) in Greece and 13 in Cyprus. 2009: Cooperation with Hallmark – Forever Friends Licensing Peanuts, Snoopy Licensing. 2012: Cooperation with WWF Greece. 2013: The first NEF NEF Homeware retail shop opens at Halandri – Athens. 2014 – 2019: NEF NEF has 6 retail stores – a total of 2,150 m2 - in Athens area. 2019: NEF-NEF is a Greek Company with a leading role in houseware section offering value-for-money branded products. NEF-NEF continuously invests in research and development, new technologies, respecting its partners, customers and environment. Company’s staff consists of 110 fulltime employees. Corporate Responsibility The action of hundreds of environmental NGOs and volunteer environmental groups across Greece, has yielded remarkable results in the struggle for environmental protection. Recognizing the enormous importance of local NGO action, WWF Greece provides active support by transferring knowledge and building capacity to local civil society. Through seminars, the production and distribution of thematic manuals and the operation of its Citizen’s Legal Support Group, WWF Greece builds on its vision that “together, we can make a difference, for a living planet!” Our environmental sensitivity and consciousness led us to alternative methods for the Energy savings. In 2012 NEF-NEF proceeded with the installation of photovoltaic systems on the roof of our housing facilities whose power comes to 80KWp. The avoiding pollutants (CO2) comes to 80 tones. Considering the fact that two forest hectares absorb 1.3 tones CO2, the specific construction equates with 123 forest hectares. Social responsibility is one of NEF-NEF’s basic values. It ’s primary commitment is to support community groups facing serious problems. The centerpiece of our sponsorship plan focuses on the fight against poverty and social exclusion. NEF-NEF contributes to the environmental protection by participating actively in the alternative collective management recycling system and is always consistent with the law and all European regulations. The Institute of Corporate Responsibility (CR Institute) evaluated the performance of our company in terms of Corporate Social Responsibility in the four main pillars: Employees, Environment, Society and Market. As a result our company received the distinction CRI PASS. NEF-NEF holds the Oeko-Tex® certificate which is a globally uniform testing and certification system for textile materials, intermediate and end products at all stages of production. All our product line is made out of eco friendly materials and do not contain substances or processes prohibited by law, chemicals which are known to be harmful to health especially to babies and kids. This adds another quality guarantee to our products, a unique service to our valuable customers.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
NEF-NEF S.A. 2016 2017 13,478,216 € 15,857,203 € 1,330,830 € 1,211,196 € 4,964,504 € 5,619,977 € 3,790,457 € 4,111,119 € 4,693,191 € 6,685,091 €
Change (%) 17.7 -9.0 13.2 8.5 42.4
DIAMONDS OF THE GREEK ECONOMY
2019
Pharmaceutical Products Commercial Turnover 102,144,591 €
PROFIT BEFORE TAXES 1,039,056 €
JANSSEN PHARMACEUTICAL SACI
Our Promise
At Janssen, we’re creating a future where disease is a thing of the past. We’re the Pharmaceutical Companies of Johnson & Johnson, the world’s largest and most broadly-based healthcare company, working tirelessly to make that future a reality for patients everywhere by fighting sickness with science, improving access with ingenuity, and healing hopelessness with heart. We focus on areas of medicine where we can make the biggest difference: Cardiovascular & Metabolism, Immunology, Infectious Diseases & Vaccines, Neuroscience, Oncology, and Pulmonary Hypertension. With Our Credo as our guide, we have always put the needs and well-being of the people we serve first. Extending and enhancing the quality of people’s lives remains our greatest reward.
Makis Papataxiarchis, Managing Director of Janssen Greece, Pharmaceutical Companies of Johnson & Johnson, President of PhRMA Innovation Forum, Chairman of AMCHAM Pharma Committee
The complex healthcare landscape presents new challenges, new diseases and new dynamics. Moreover, healthcare systems are shifting toward delivering improved outcomes, enhancing the patient experience and providing value-based care. To support this demand, we have on our side healthcare technology which is rapidly evolving, allowing us to deliver groundbreaking solutions. We must work together – across business, academia, governments and society – to lead healthcare’s ongoing reinvention. With a deep responsibility to the people we serve, we work tirelessly to advance and improve how medicines are discovered, developed and made. We work with patients through the entire process to ensure the best possible experience and health outcomes. We aim to deliver truly remarkable solutions that provide value to patients, healthcare professionals and healthcare systems, by ensuring broad and timely access to medicines through unique collaborations with governments, healthcare agencies and others. Most importantly, we lead with transparency and integrity, advocating for sustainable healthcare systems that value innovation and are accessible to everyone. At Janssen, we blend heart, science and ingenuity to chase after the unimaginable and achieve what was thought to be impossible.
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
JANSSEN PHARMACEUTICAL SACI 2016 2017 105,664,275 € 102,144,591 € 6,225,662 € 1,039,056 €
Change (%) -3.3 -83.3
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DIAMONDS OF THE GREEK ECONOMY
2019
Eurochartiki S.A.
Tissues
A leading force in paper tissue and detergents industry
Industrial Turnover
Since 1985, Eurochartiki is a leading force in paper tissue treatment and detergents production. It is a Greek company employing a staff of 236, and its success lies primarily on its people and the business values of sustainability, quality and social responsibility. The company’s state-ofthe-art production facilities are located in Aspropyrgos, Attica whereas Northern Greece is served by a Thessaloniki-based branch. Eurochartiki divides its activities into 3 main sectors: Research and development of the Endless brand (paper products and detergents), Development and production of Private Label products, and Exports. The company’s philosophy relies on the absolute satisfaction of its customers, by offering certified quality products based on ISO 9001, ISO 14001 and ISO 22716 standards. Nevertheless, the company operates responsibly and with respect for the nature according to FSC standards, thus promoting a legitimate, environmentally sound, socially beneficial and economically sustainable management of forests and products worldwide. The company’s product portfolio consists
45,302,987 €
PROFIT BEFORE TAXES 1,186,784 €
George Trakakis, CEO of Eurochartiki S.A.
Contact details Faka Area, Gr 193 00, Aspropirgos, Attica, Greece Tel.: +30 210 5512800 Email: info@eurochartiki.gr Website: www.eurochartiki.gr
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of more than 350 SKUs for the retail and away-from-home markets, with products that are carefully designed to meet customer needs and expectations. Both Eurochartiki business units -paper tissue and detergents production- are supported by up-to-date technologies and fully automatic procedures that ensure maximum capacity, low production costs, quality and flexibility. The tissue converting plant consists of 20 production lines of a total capacity of 250 tons of paper per day. The detergents production plant consists of 7 production lines of a total capacity of 180 tons of liquids per day, and 1 production line for cosmetic products of a total capacity of 40 tons of liquids per day, with state-of-the art technologies and automations. Since its foundation, Eurochartiki has embraced corporate social responsibility and sustainable development by supporting vulnerable members of the community with sponsorships and donations to hospitals, churches, schools and other institutions in need. The company is committed to respect the fundamental principles of environmental responsibility, human and
›››››› labour rights. Having been distinguished for quality and commitment, Eurochartiki has always strived to develop superior quality products for the benefit of clients, employees, and the profitable growth of the market in which it operates. For more than 34 years, the company’s vision has been to become a leader in its field, focusing on ultimate customer satisfaction through quality, safe, and valuefor-money products.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Eurochartiki S.A. 2016 47,252,389 € 1,663,911 € 9,981,398 € 23,466,629 € 29,580,708 €
2017 45,302,987 € 1,186,784 € 9,597,575 € 24,276,122 € 43,149,990 €
Change (%) -4.1 -28.7 -3.8 3.4 45.9
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DIAMONDS OF THE GREEK ECONOMY
2019
Pharmaceutical Products Commercial
Pharmacist’s Supplying Cooperative of Attica (PRO.SY.F.A.P.E.)
On-going upgrade of services to pharmacies
Turnover 292,251,000 €
PROSYFAPE (Pharmacist’s Supplying Cooperative of Attica) Group of companies operates in Greece for the last 40 years. Today, is the largest, most modern and dynamically growing wholesale distributor of pharmaceuticals and non-pharmaceutical products and services in the Greek market. Throughout the years, the Cooperation has invested in a network of five units (2 in Attica, 1 in the East of Sterea Hellada, 1 in Corfu and 1 in Epirus), having as a primary concern to satisfy the pharmacists’ needs from an assortment of more than 18000 products, with on time delivery two and three times a day by its fleet of 93 owned van vehicles. From our premises of 11000 M2, with an infrastructure that consists of 3500 automated channels, we handle around 12000 phone calls/day, and distribute over 200.000 pcs, determined to serve, support and deliver to every one of the 1680 phar-
PROFIT BEFORE TAXES 2,640,312 €
Andreas Galanopoulos, President of PRO.SY.F.A.P.E. Group
Contact details 3 Konstantinoupoleos St., Peristeri 121 32, Athens, Greece Τel.: +30 210 5709.400 Website: www.prosyfape.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities Total Assets
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macies, that put their trust on us. We deliver our services in compliance to the EU regulations, GDP’s, and according to the standards of quality of ISO 9001:2015. We are certified by the accredited authorities of TUV AUSTRIA HELLAS in ISO 9001:2015 and DQS for the distribution of medical devices. Today, PRO.SY.F.A.P.E. Group remains committed in its values and on the path that its founders initiated, always looking for new investments related to the proper qualitative storage and distribution of its products, to enhance its deep supply chain expertise for the satisfaction of its pharmacies, combined with strong supplier relationships. Our 300 employees along with the Board of Directors are pledged to deliver the right product, at the right amount, in time, every time, to all its cooperative, independent pharmacies, shorn to service only the Greek market.
PRO.SY.FA.PE. Group Results 2017 2018 280,245,500 € 292,251,000 € 1,711,489 € 2,640,312 € 13,191,953 € 13,551,932 € 47,003,012 € 47,565,166 € 51,875,904 € 57,682,145 € 101,520,984 € 107,278,682 €
Change (%) 4.3 54.3 2.7 1.2 11.2 5.7
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DIAMONDS OF THE GREEK ECONOMY
2019
Technical - Constructions Commercial Turnover 3,011,650 €
PROFIT BEFORE TAXES 1,023,443 €
N. & K. GOLIOPOULOS S.A.
Placing an emphasis on environmental protection
Constructions Company N.&K. GOLIOPOULOS SA is a family-run business, active in the construction projects field since 1961. The firm implements projects requiring a high level of technical skills, experience and application of groundbreaking technologies. The company operates in Greece and Cyprus mainly in fields of energy, environment and waste management, as well as in the areas of facility operation and maintenance and industrial automation. In addition, the firm develops investment projects in the fields of energy and marine pollution. The considerable know-how the firm has acquired to date, together with proper equipment and healthy finances, are the best way to further grow and develop specialized projects requiring applied technological advancement. In all categories of Construction Projects, Goliopoulos employs executives with significant and long-term experience in both public and private projects. The firm has participated in several important EU-subsidized research projects, while its activity in the Environment sector has won it the “MARCORA” European Award. The company is ISO-certified in the categories ISO 9001, OHSAS 18001, ISO 14001 and ISO50001 for all areas of its activity. It is also an actively involved member with the Greek Association of Environmental Protection Companies (PASEPPE) and the Panhellenic Association of Engineers Contractors of Public Works (PEDMEDE).
Konstantinos Goliopoulos, President
Contact details 56 Paradromos Attiki Odos (Sideway), 15234, Chalandri, Athens, Greece Tel.: +30 210 6919033 Fax: +30 210 6090071 Email: kgoli@tee.gr Website: www.goliopoulos.gr
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N. & K. GOLIOPOULOS S.A. 2016 Turnover 2,895,088 € Profit Before Taxes 607,274 € Gross Profit 1,347,266 € Total Equity 4,158,086 € Liabilities 3,309,300 €
2017 3,011,650 € 1,023,443 € 1,232,121 € 4,606,333 € 2,750,601 €
Change (%) 4.0 68.5 -8.5 10.8 -16.9
DIAMONDS OF THE GREEK ECONOMY
2019
Pharmaceutical Products Commercial Turnover 70,547,349 €
PROFIT BEFORE TAXES 1,101,367 €
Pharma Group
Supporting the Greek pharmacy for more than 40 years
Contact details 29 Filopimenos, 24134, Kalamata, Greece Tel.: +30 27210 83429 Fax: +30 27210 87727 Email: info@pharmagroup.gr Website: http://www.pharmagroup.gr
Pharma Group Messinias S.A. was founded back in 1978 in Kalamata, when Konstantinos Fylaktidis and Dimitris Mihalopoulos realized the need of this kind of services in Messinia and in the surrounding Peloponnese region. A few years later, Pharma Group became a group of Pharmaceutical Warehouses, which daily supplied numerous pharmacies not only in the region of Peloponnese but also the Ionian Islands and some areas of Western Greece. To date, the distribution channel of the Group’s three warehouses covers the needs of more than 500 pharmacies throughout the Peloponnese, the Ionian Sea, and expands up to Northwest Greece. Counting more than 40 years of operation, Pharma Group is one of the leading, private, pharmaceutical suppliers in Greece. As a number of key changes are taking place in the domestic market, Pharma Group is constantly upgrading its services and benefits towards our customers so as to maintain a high level of support for our clients. Services provided to pharmacies in addition to supplies include technical support and advice from our own IT specialist, e-ordering through our website, and pharmacy merchandising as well. Our company is oriented towards a holistic customer-centered approach which is the key of success for us, and also creates loyal and long-term relations with our customers. We invest in highly qualified people and to their constant upgrade and education, according to the needs of the modern pharmacy and the market in general. As a part of the operation processes, in he past two years the company created and launched in the market its own private-label products. A full range of parapharmaceuticals, highly consumable products of unique quality, are there to cover the everyday needs of our clients and the range is being constantly enriched. Believing in the advantages and the expansion of technology, we have already invested in a B2B e-commerce platform. Getting into the world of digital trade, Pharma Group enforces the policy of development and innovation, providing more and more competitive services. Another area in which the firm has been active lately is the organization of pharmaceutical conferences. These conferences, embracing the spirit of continued training and lifelong learning, are addressed to pharmacists and professionals from all over the health sector, and provide updates and suggestions on key issues of the industry and scientific aspects. The events are usually supported by an exhibition, which bears the mark of the dynamic presence of the pharmaceutical industry. Despite the fact that the healthcare system in Greece is currently facing certain predicaments and the economy could not be characterized as “stable”, the administration of Pharma Group continues pursuing a policy of expansion and growth. In the past few years, the company has enlarged the network of its operational fields. As a result, business has increased and several jobs have been created. Focusing on the future, Pharma Group will continue to be an active member of the pharmaceutical supply chain, and most importantly, will continue trying to find new ways to make everyday life easier for both pharmacists and patients.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Pharma Group Messinias 2016 2017 76,815,704 € 70,547,349 € 2,022,972 € 1,101,367 € 5,487,956 € 5,008,248 € 10,654,619 € 9,949,715 € 23,790,613 € 22,905,426 €
Change (%) -8.2 -45.6 -8.7 -6.6 -3.7
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DIAMONDS OF THE GREEK ECONOMY
2019
Metal Products Industrial
NIKO HELM HELLAS S.A.
Exporting 90% of production in more than 65 countries worldwide
About Us: Established in 1972 in the region of Corinthia, NIKO is Greece’s largest manufacturer of sliding door hardware and handling systems. Since its foundation, NIKO has come a long way: from a small family-owned company building a very good reputation for high-quality products, to an international company serving demanding customers in many different industries. During all these years, we are consistent in applying the same three-fold commercial strategy: ● Ongoing product development to meet industries’ needs. ● Commitment in providing valued quality products. ● Bespoke engineering solutions tailored to customer needs. Our company’s corporate ambition is to be a leader in our market by preserving the quality, duration and reliability of our products in parallel with a sustainable growth that focuses on people, environment, innovation and society throughout our business strategy. Our product range: With more than 46 years of experience, we design, manufacture and market sliding door fittings and handling systems of high-quality standards, in line with ISO 9001 and ISO 14001. In the 7,000-sqm production facility, we produce more than 10,000 product codes for our four main product categories: Sliding Doors ● Sliding and folding door fittings for light duty purposes. ● Sliding and folding door fittings for heavy duty purposes. ● Accessories for gate doors. Handling ● Overhead conveyor systems. ● Light Crane systems. Power feed systems ● Cable trolleys and festoon systems ● Conductor bars Fall Arrest Systems
Contact details 82nd Km Athens-Korinthos Highway, GR – 20100, KORINTHOS Tel: +30 27410 76800 Fax: +30 27410 25368 Email: info@niko.eu.com Website: http://www.niko.eu.com
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International Presence The challenges in global markets in combination with the company’s outward-looking, led to the establishment of six (6) subsidiaries in Austria, Germany, United Kingdom, USA and China, while the production facilities remained in Greece. To date, NIKO technology is exported to more than 65 countries worldwide through our representatives and agents. Our people NIKO Group employees more than 100 highly-motivated and highly-qualified people. It is our belief that people are an essential and fundamental element of all our business activities. Our stable and dedicated workforce have been with NIKO for more than 20 years, while we keep investing in young talented individuals to support the group’s growth.
DIAMONDS OF THE GREEK ECONOMY
2019
SECURITY & CONTROL SERVICES Commercial Turnover 18,678,622 €
PROFIT BEFORE TAXES 981,813 €
ZARIFOPOULOS S.A.
47 years of successful entrepreneurship
Zarifopoulos was founded back in 1972, the firm’s main objectives being the design, importation, supply, installation, maintenance and distribution of various Security Systems from leading manufacturers and system companies, worldwide. The System products and services, offered by the firm are: Security, Fire Detection, Fire Extinguishing, Fire Fighting equipment, C.C.T.V.& Video image transmission, Access control, and Building Energy Management. The company has maintained a steady growth rate over the years with regards to supplied systems and services, and, in terms of gross income, number of employees and sales, it has established itself as the Market leader among all companies dealing with electronic control and protection systems. The firm’s leading role has increasingly strengthened, year by year, as verified by the considerable number of specialized projects that are continuously being entrusted to the company and moreover, the enterprise’s excellent financial figures. The firm’s success in the very competitive public sector, as well as the private and banking sectors, may be attributed to its continuous effort for the commissioning of projects, which are characterized by consistency, quality and after-sales support. Zarifopoulos maintains a very strong private-sector client base, firms here including major technical constructors, significant Super Market Brands, Hotels, Industry, the majority of the Greek Bank Sector and has completed numerous major projects in the public sector, including Olympic facilities, Archaeological Sites and Museums, Universities, Ministries, Public Utilities and Airports. The Company has undertaken and successfully delivered a high number of special as well as demanding projects, in Greece, United Kingdom, Romania, Pakistan, Jordan, Syria, Algeria, Ghana and Nigeria among others. The firm employs 237 persons and operates from a company-owned base measuring 3,000 square meters. ZARIFOPOULOS has eleven (11) branches throughout Greece being also present in Bulgaria, Cyprus and Albania. The firm’s highly trained personnel, strongly focus on company targets, along with the overall experience, knowledge and responsibility at Zarifopoulos, all equip the firm with the necessary elements needed to develop both in Greece and abroad. The firm’s entire operations are in line with ΕΝ ISO 9001:2015 and ELOT ISO/IEC 27001:2013 standards, as stipulated by the inspection and certification organization TUV HELLAS. The firm’s qualitative targets are summarized in the systematic qualitative control of the supplied systems and services, in continuous quality improvement, standardization of procedures and operation based on a modern organizational structure.
Contact details 14 Dodekanisou, 14235 Nea Ionia, GREECE Tel.: +30 210 2713970 Fax: +30 210 2779542 Email: sales@zarifopoulos.com Website: www.zarifopoulos.com
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DIAMONDS OF THE GREEK ECONOMY
2019
FOUFAS BROS S.A.
Food Products
55 years Greek, extra Virgin Olive Oil
Commercial
Contact details Doliana, Kynourias, Arcadia, 22001 - GR Tel.: +30 2755 041251 041031 Fax: +30 2755 041030 E-mail: foufasg@otenet.gr Site: www.foufas-oliveoil.gr
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The company was established in 1960 by Helias O. Foufas, at Doliana Kynourias, in the middle of Peloponnese, at the Southern part of Greece. We operate in the business of processing, manufacturing and trading of edible olive oils. Our strategy of continuous investment on cutting edge technologies fostered our company’s position throughout the years, resulting to a leading position within the Greek market and with considerable exports around the globe. We produce all qualities and types of olive oil (i.e., salad, virgin, extra virgin) as well as Pomace olive oil, soy oil, corn oil and sunflower oil. Finally, the company (family) has been in our possession 3000 olive trees who cultivate with Inspired and the result is an amazing Greek extra virgin olive oil. Food Regulation & Safety Our company complies to the latest IFSISO - HACCP European and International quality standards. During our operation we have been distinguished for our exemplary production facilities (3000 m2), and our constant commitment for quality excellence throughout all phases of production, from olive crop selection to finished product. Our firm has been awarded several times in the past. Last year we won the EU prize for the best olive oil in Europe. Plant Equipment – Production Capacity Our plant production facilities demonstrate a fully automated distillation - refinement unit, as well as flexible - high capacity filling and bottling systems for all kind of packaging materials. (glass, plastic, metal) A fully equipped – state of the art laboratory for quality assurance, is in full operation on a daily basis. The plant’s daily production capacity can process a total quantity of 80 tons crude olive oil, into finished packaged goods of various packaging materials and sizes. Product Portfolio We manufacture a wide range of olive oil varieties and seed oil qualities: ● extra virgin olive oil ● virgin olive oil ● olive oil
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● kernel oil (refined and 5% virgin) Olives ● seed oil Our most common seed oils are: ● Corn oil ● sun-flower oil ● Soya oil ● cotton-seed oil All aforementioned varieties are available in various forms of packaging: ● glass bottle, (content: from 0, 25 lt to 1 lt) ● plastic bottle, (content: from 0,5 lt to 2 lt) ● metal container, (content : from 3 lt to 10 lt) ● plastic container, (content : from 5 lt to 10 lt) When not trading bulk quantities, we usually pack in 250ml, 500ml, 750ml, 1liter glass bottles 1 liter, 2 liter, 3 liter, 5 liter plastic 3 liter, 4 liter and 5 liter cans. Sales Evolution – Exports Orientation The company’s growth pattern has been particularly rapid, both within the national market as well as in various foreign markets. Focusing on the high quality of its prod-
›››››› ucts, the company has expanded abroad, targeting the highly demanding European and United States markets. We currently export, among others, to China, USA, Australia, Germany, Austria, Hungary, Sweden, Filand and Poland !!! Our assets and cash flow liquidity are considered to be our most essential strongholds for further future growth at low risk level.
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2019
Miscellaneous Products Commercial Turnover 9,520,667 €
PROFIT BEFORE TAXES 970,044 €
Harry Akzotis, CEO
Contact details 123 Dekelias St., 13678, Acharnes, Attica, Greece Tel: +30 2102469056 Fax: +30 2102464755 Website: http://www.pegasos.com.gr/
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Pegasos S.A.
Representing the most popular brands Pegasos S.A. was founded in 1979. It is a distribution company that undertakes the commercial representation of global and regional FMCG brands for the Greek market. During its 40-year, the company offers nation-wide commercial services such as Sales, Marketing and Logistics in an integrated manner. Pegasos’ strategic aim is to ensure the continuous growth of the brands in its portfolio by offering high-quality services to its supplier-partners and customers. The firm’s strategic competitive advantage is that it directly visits with its own salesforce, both the modern and the sprawling traditional retail
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trade in Greece, throughout the Greek territory. With its main offices based in Athens and branches in Thessaloniki and Crete, Pegasos sales department visits more than 13,000 points-of-sale, maintaining trusting relationships with decision-makers from the smallest stores to the biggest international retail chains. It total Pegasos, represents 25 principals having successfully established great brands in Greece: ● Haribo - the biggest manufacturer of fruit-gums in the world
›››››› ● Lindt - the world leader in premium chocolate ● Panini - the world leader in collectibles Pegasos also assists multinationals such as Johnson & Johnson and Beiersdorf, which operate their own salesforce, by undertaking the exclusive distribution of specific brands in specific channels, such as the Traditional Trade. Due to its big and diverse customer base, Pegasos collects a large amount and widespectrum of data, which provide the intelligence for continuous evolution. The company, with annual sales in the order of 12 million euros in 2018, employs currently 80 people, who are its most valuable asset to accomplishing its mission of being a major strategic partner to its principals for the Greek market.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Pegasos S.A. 2016 8,643,929 € 913,501 € 3,215,470 € 5,841,704 € 1,174,518 €
2017 9,520,667 € 970,044 € 3,626,918 € 6,912,244 € 1,350,250 €
Change (%) 10.1 6.2 12.8 18.3 15.0
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DIAMONDS OF THE GREEK ECONOMY
2019
FARCOM
Cosmetic Products
A place where beauty grows
Industrial
FARCOM is a family-driven, Greek cosmetic manufacturing company founded in 1970 in Thessaloniki by Georgios Sarasidis. Since the beginning, FARCOM was dedicated to offering products of the highest quality to the hairdressers. Over the years, maintaining its philosophy and principles, it expanded its range with products directed to the retail market. For over 49 years the company has maintained a strong presence and loyal customers in both B2B and B2C markets, raising its international presence in over 50 foreign countries. Today, FARCOM offers a wide product range including hair care, skin care, and oral care, making it one of the leading Greek manufacturers and innovators in the cosmetic sector. The company is directed by the sons of its founder, Mr. Themistoklis Sarasidis, C.E.O., and Mr. Dimitrios Sarasidis, Director of the manufacturing operations. For more than twenty years, FARCOM has been engaged in the manufacturing of Private Label products, offering its clients strong competitive advantages from the conception of the idea to the final imple-
Turnover 13,254,870 €
PROFIT BEFORE TAXES 934,222 €
Themis Sarasidis, CEO
Contact details Industrial area New Redestos, P.O. Box 60691, GR 57001, Thessaloniki, Greece Tel.: +30 2310 837 077 Fax: +30 2310 833 222 Email: sales@farcom.gr Website: http://www.farcom.gr
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mentation. FARCOM privately-owned headquarters are located in New Redestos Business Park (Thessaloniki), on a 31.500m2 site and 5.500m2 premises, which houses the Finance and Administration Department, Sales & Marketing Department, the Logistics Department, the Foreign Markets Department and the Industrial Design Department. The production is made in its privately-owned factory in Thessaloniki, on a 17.000m2 site and 3500m2 premises equipped with the most modern tools and equipment to ensure flexibility and quick response for meeting the increasingly growing market demands. The annual production capacity amounts to 13.500.000 units of hair color tubes and 60.000.000 units of miscellaneous products. The factory features a modern quality control laboratory, staffed with the team of chemists and chemical engineers, conducting checks and tests at all stages of the production process, from receipt of raw packaging materials to the release of the final product, and a fully equipped microbiological laboratory. Due to the increased production needs, the building work of the new factory has begun
›››››› since 2017 in a privately-owned area on a 14.000m2 site in New Redestos Business Park. FARCOM operates since its inception according to the strictest requirements of the National Organization for Medicine and the European legislation. Since 2011 FARCOM is certified for its Quality Management System according to the International GMP ISO 22716 Standard, for Good Manufacturing Practices.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
FARCOM GROUP RESULTS 2016 2017 13,775,330 € 13,254,870 € 1,468,315 € 934,222 € 4,184,697 € 4,062,429 € 14,193,172 € 14,852,219 € 3,581,245 € 2,779,128 €
Change (%) -3.8 -36.4 -2.9 4.6 -22.4
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DIAMONDS OF THE GREEK ECONOMY
2019
SOLERGON S.A.
Constructing & Manufacturing
Specializing in the construction of integrated projects
Industrial Turnover
SOLERGON S.A. is a construction company involved mainly in the energy sector. Established in 2005, SOLERGON is a recognized, trusted partner committed to construction projects and having as main principle the fulfilment of quality assurance and time schedule targets. SOLERGON specializes in the construction of integrated projects while its areas of expertise include the following: ● E nergy Turn Key Projects in thermal power plants; ●M anufacturing, including detailed engineering, of composite steel structures, preassembled equipment, vessels, tanks, hoppers, dampers, slag removers, feeders, complete conveyor systems, ducts, pipe racks; ●R etrofits and upgrades to improve power plant efficiency - equipment performance and reduce emissions; ●M aintenance of boilers and manufacturing of High Pressure parts; ● E rection services of electromechanical equipment; ● E lectrical engineering (LV, MV, I&C).
9,890,631 €
PROFIT BEFORE TAXES 859,636 €
Anastasia Karaliopoulou, CEO
Contact details 57 Kefallinias St., 11251, Athens, Greece Tel: +30 210 86 75 229, Fax: +30 210 38 00 733 Email: solergon@solergon.gr Website: www.solergon.gr
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The company is headquartered in Athens and the manufacturing/steel structures facility is located in Florina, close to Greece’s northern borders in a sensitive area of poor growth. The factory is in a proprietary are of 28.000 m2, with production covered area of 4,500 m2, properly equipped to perform fabrication of steel structures, piping, vessels and high pressure parts. SOLERGON is active in Greece while also exports steel structures and erection services to EU countries, having as main target an extrovert and innovative profile. With current turnover of €16 million in 2018 and expected €23 million for 2019, the firm employs a staff of 180. In a highly competitive environment, our projects and structures are quality certified as per: ● EN ISO 9001:2015, quality management ● BH OHSAS 18001:2007, safety at work ● EN ISO 14001:2004, environmental management ● EN ISO 3834-2 (EN 792-2), manufacturing and testing of welded products ● EN 1090-2:2008 + A1:2011 (EXC 4), factory production control
›››››› ● EN 1090-1:2009+A1:2011, welding certificate ● Pressure Equipment Directive 2014/68/EU, Annex I para. 3 and the verification of Modules G, G, C1. A significant part for the company’s growth comes from its cooperation with major clients such as PPC, TERNA and MITSUBISHI-HITACHI. Having a successful and upward course substantiating its credibility in the field of constructions and manufacturing, the company has grown over the years while continuously investing in human resources, technology, facilities and new machinery. SOLERGON is identified by the accountability of its people and the impeccable performance of duties always having as first concern to satisfy and build bonds of trust with customers through successful technical solutions. During the uncertain business environment of the past few years, SOLERGON kept investing in people and facilities, creating a safe working environment and outreaching the Greek borders. Our people have been and will be our main asset, since their skills, motivation and team work are the main driver of company success, further development and sustainability of our sector. Our competitive advantage is that we work hard, we are quick and flexible and have no other option but succeed, since “All things are difficult before they are easy”.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SOLERGON S.A. 2016 8,213,770 € 369,507 € 636,969 € 10,450,353 € 2,117,462 €
2017 9,890,631 € 859,636 € 1,213,506 € 11,028,016 € 6,383,080 €
Change (%) 20.4 132.6 90.5 5.5 201.4
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DIAMONDS OF THE GREEK ECONOMY
2019
Miscellaneous Products Industrial Turnover 27,174,028 €
PROFIT BEFORE TAXES 1,353,093 €
General Commercial & Industrial S.A.
GEB - A leading stockist in Balkan area for Hydraulic and Industrial Equipment
General Commercial & Industrial SA is a Greek trading company specialized in hydraulic and industrial equipment (seamless and welded pipes, fittings, flanges, valves, in carbon, alloy and stainless steel, fire-fighting equipment, manhole covers & gratings, etc.). GEB, listed from 1990 on the Athens Exchange Stock Market, was founded in 1966. With warehouses in Athens and Thessaloniki (more than 20,000 m²), General Commercial & Industrial SA is one of the biggest stockists in Southeastern Europe and Balkans area. In 2010, GEB invested in renewable energy sources and established GEB Green Energy, with two photovoltaic parks of 1MV in total (600kW PV station in Athens and 400kW PV station in Thessaloniki). With our extensive range of high-quality products and significantly large storage capacity, we can provide high level of service to companies which operate in many fields such as refinery, energy, constructions, industry, water, sewage and gas networks, firefighting systems, shipping (building-repairing), infrastructure and many other. Our 50 years’ experience, our employees’ level of knowledge and expertise, our integrated management information systems and our long-term business co-operations with the leading manufacturers worldwide, give us the competitive advantage to succeed our goals: continuous upgrade of our customer service and satisfaction as well as constant supply of excellent quality products at competitive prices. In 2017, exports accounted for 40% of sales. In 2018, with the right approach and strategy, we have already increased that percentage. Combined with Greek’s market growth, we have established our position in the Balkan area. All the forenamed characteristics, combined with new investments in products, services, technology, but most of all in our people, makes GEB ready to overcome all the challenges and feel ready and optimistic for the future, to reach our goals and our vision.
Contact details 18th km Athens–Corinth National Road, 19 300 Aspropyrgos, Greece Tel.: +30 210 55 14 600 Fax: +30 210 55 72 779 & (+30) 210 55 72 343 Email: gencomsa@otenet.gr Website: www.geb.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
General Commercial & Industrial S.A. 2017 2018 23,458,749 € 27,174,028 € 1,026,609 € 1,353,093 € 5,485,939 € 5,925,433 € 23,118,790 € 23,342,092 € 7,584,251 € 8,877,126 €
Change (%) 15.8 31.8 8.0 1.0 17.0
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DIAMONDS OF THE GREEK ECONOMY
2019
Spirits Industrial Turnover 2,619,189 €
PROFIT BEFORE TAXES 537,464 €
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.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
BARBAYANNIS LIQUOR DISTILLERIES LTD 2016 2017 2,493,251 € 2,619,189 € 464,301 € 537,464 € 1,189,006 € 1,255,699 € 2,696,379 € 3,073,687 € 641,873 € 509,343 €
Change (%) 5.1 15.8 5.6 14.0 -20.6
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DIAMONDS OF THE GREEK ECONOMY
2019
Food Products Industrial
NUEVO S.A.
Innovation and technical expertise in animal nutrition
Nikolaos Gogorosis, Chief Executive Officer Nuevo S.A.
Contact details Stratigou N. Plastira Avenue, N. Artaki, 34600, Evia, Greece Tel.: +30 22210 40081, 43060 Fax: +30 22210 40610 Email: info@nuevo.gr Website: www.nuevo.gr
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Nuevo S.A. was established in 2009 and is one of the leading companies providing products and services to the animal production industry in Greece, with increasing activity in export markets as well. Nuevo incorporates a specialized team of animal scientists and veterinarians with high experience and technical competence. The firm offers livestock producers, integrators and feed manufacturers a wide range of products and services on animal nutrition, genetics and health; the objective is to help them produce safe, high-quality food products and increase productivity and economic returns in a sustainable way. Product portfolio includes own-brand, tailor-made premixes, specialty products and nutritional solutions for all species of productive animals, as well as exclusively distributed products supplied by some of the leading, EU-based multinationals in the fields of nutrition, health and genetics. The company has always invested heavily in people, production facilities and product development, and is now in the process of relocating to new, stateof-the-art production and warehouse facilities in the industrial area of Schimatari, 50km from Athens. The company is certified as per ISO 22000:2005 for food safety and ISO 9001:2015 for qual-
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ity management, and all operations and production processes comply with the GMP and GHP standards. The new premix plant is designed and built on the highest standards in production technology and food safety, incorporating the latest technology in premixes and feed supplements manufacturing and quality control management. Innovation and sustainability drive all our operations and are embedded in our philosophy since the beginning of our business. In 2015, Nuevo launched the first production processing line for former foods (surplus foods from the manufacturing process of certain products for human consumption) in Greece and has since entered into partnerships with some of the country’s largest food producing companies. Nuevo is the only Greek member of the European Former Foods Processing Association (EFFPA, www.effpa.org). EFFPA members connect the food and feed industry at food manufacturing level. They provide food producers with a consistent outlet for their inconsistent flow of food losses and feed producers with non-land using, energy-rich alternatives to grains. In both segments of the food chain, the former foods processing sector contributes to a more efficient and sustainable use of scarce resources and sets an example of circular economy in practice.
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DIAMONDS OF THE GREEK ECONOMY
2019
Pharmaceutical Products Industrial
ELPEN Pharmaceuticals
Investing in the science of life
Turnover 117,193,576 €
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 Greek market and ranks in 8th 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.
PROFIT BEFORE TAXES 727,880 €
Theodoros Tryfon, Vice President
Contact details 95 Marathonos Ave., 19009 Pikermi, Attica, Greece Tel.: +30 210 60 393 26-9 Fax: +30 210 60 393 00 E-mail: info@elpen.gr Website: www.elpen.gr
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What we do We take pride in our continuous efforts to create added-value for our country and the Greek pharmaceutical industry by: Systematically investing in Greece’s human capital and capacity to innovate; Significantly enhancing the Greek economy’s competitiveness and sound international profile through large-scale exports to more than 41 countries, long collaborations with highly esteemed international companies and successful operations of our German subsidiary, ELPEN GmbH; Strongly supporting the continuing education of the European scientific community in our certified Training, Research & Experimental Center, one of the largest in SouthEast Europe;
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Knowingly 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 of our operations. In addition, 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 NonEU Guidelines of Good Manufacturing Practices, e.g. Saudi FDA GMP (SFDA) and Jordan FDA GMP (JFDA). Our products fall within the following therapeutic categories: ● Cardiovascular ● Hematological ● Antithrombotic Agents ● Respiratory ● Gastrointestinal ● Neurological ● Urinary ● Osteoporosis ● Anti-cough ● Antibacterial/Antibiotic/Antiviral ● Anti-inflammatory (Non-steroidal) ● Antidotes ● Hormonal Contraceptives We take pride in the Elpenhaler® product, the novel, patented dry-power inhaler in-
›››››› vented 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: ● Dedicate significant human and financial resources to R&D ● Invest in value-added medicines ● Aim to enter new therapeutic areas and technologies ● Invest in new strategic collaborations with local and international companies Reinforcing employment Elpen has been actively supporting the employment sector in Greece during the economic crisis, reinforcing its human resources capital. With more than 800 employees,
ELPEN hired many highly-skilled scientists over the past eight years, actively contributing to the elimination of the brain drain that has been occurring in Greece during the past decade. Strongly supporting the Scientific and Research commuWnity ELPEN demonstrates its continuous support to the scientific and research community through its certified Training, Research & Experimental Center, founded 23 years ago. Since 1996, the company has offered more than 140 sponsorships, investing more than 8% of its turnover in research programs.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ELPEN Pharmaceuticals 2016 2017 125,204,191 € 117,193,576 € 9,297,610 € 727,880 € 70,266,376 € 61,360,002 € 58,962,567 € 54,800,687 € 93,399,450 € 108,186,114 €
Change (%) -6.4 -92.2 -12.7 -7.1 15.8
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DIAMONDS OF THE GREEK ECONOMY
2019
Central Clinic of Athens S.A.
Medical Services Commercial
Caring for people
Turnover
Central Clinic of Athens
14,107,988 €
PROFIT BEFORE TAXES 687,013 €
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 hotel-like areas. It has 11 modern operating theatres, which have been constructed with the strictest of standards to minimize inhospital infections and an Intensive Care Unit with 8 beds, equipped with state-ofthe-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 24hour 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, providing high quality medical services, with dignity, respect and responsibility.
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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.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
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!
Central Clinic of Athens S.A. 2016 2017 9,450,511 € 14,107,988 € -1,226,661 € 687,013 € -379,941 € 2,783,172 € 25,739,049 € 26,164,813 € 4,561,198 € 4,771,693 €
Change (%) 49.3 156.0 832.5 1.7 4.6
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DIAMONDS OF THE GREEK ECONOMY
2019
STANLEY BLACK & DECKER HELLAS LTD.
For those who make the world
Commercial
Stanley Black & Decker is the world’s largest Tools and Storage company, as well as the world’s second-largest commercial electronic security company, and a worldleading provider of engineered fastening systems, with unique and powerful growth platforms in the oil & gas and infrastructure industries. Our iconic and trusted brands are known for outstanding performance and ceaseless innovation. We make the hand and power tools that build and repair your home. We make the industrial tools that build and rebuild your infrastructure. We make the fasteners that hold your vehicle and electronic devices together. And we provide the security services and solutions that protect what’s most valuable to you. Our brands are a meaningful part of people’s lives, from professionals to tradespeople to do-it-yourselfers. We work with brand partners to extend the power and impact of our brands to their fans and audiences around the globe. In 1843, Frederick Stanley started a small shop in New Britain, Connecticut, to manufacture bolts, hinges and other hardware. In 1910, Duncan Black and Alonzo Decker started their shop in Baltimore, Maryland,
Thomas Marielle, East Med. Regional Director Greece, Israel & Cyprus
Contact details 7 Stravonos St. & 159 Vouliagmenis Ave., 16674 Glyfada, Greece Tel: +30 2108985203 Website: www.blackanddecker.gr
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dedicated to manufacturing the world’s first portable power tool. Landmarks in the history of Black & Decker company: In 1917, Black & Decker acquires patent for the pistol grip and trigger switch on its drill. In 1957, Black & Decker enters the outdoor market with the first electric lawn edgers and hedge trimmers designed for consumers. In 1961, Black & Decker introduces the world’s first cordless electric drill powered by nickel-cadmium cells. Another very significant acquisition was the French company FACOM in 2006 by Stanley works. In 2010, the Stanley Works and Black & Decker merged to become the world’s largest tools and storage company, the world’s second largest commercial electronic security business and the world’s second largest engineered fastening company. In 2017, Stanley Black & Decker acquires the Newell Tools division, adding IRWIN, LENOX, and hilmor to our brand portfolio. Also in 2017 Stanley Black & Decker purchases the Craftsman brand, an icon in the United States.
›››››› Today, Stanley Black & Decker is a leading diversified industrial, driven by a commitment to serve the builders, makers and protectors of the world. In the Greek market, Stanley Black & Decker Hellas is active since 1991, and is also present in Cyprus, Israel and Albania. Τhe brands that are represented are the following: Black&Decker, Stanley, Stanley
Fatmax, DeWalt, Facom, Expert, Irwin and Lenox. The company’s mission is to provide every professional and DIYer with the appropriate tools, so as to cope with any challenge. The vast range of power tools are designed to be reliable and durable in use. The company’s worldwide motto is: FOR THOSE WHO MAKE THE WORLD™.
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DIAMONDS OF THE GREEK ECONOMY
2019
Transportation Means Commercial
ERMISBUS
50 years of successful entrepreneurship The company ErmisBus, pioneer in its field and responding always in the challenges and expectations of the most demanding customers, from 1969 until today deals exclusively with the superstructure, import and trading of Buses and Luxurious MiniBuses. After 50 years of successful course ErmisBus is the exclusive distributor of the best MiniBus conversion constructors of Spain and Turkey respectively, from 2007 it is an official Bus body builder partner, with Framework Agreement and Due Diligence of Mercedes Benz Hellas S.A. and from 2010 of Man Hellas Bus & Trucks S.A., consolidating in this way her position in the Greek, as well as in the European market. Through a full range of unique MiniBuses following the latest trends and luxury intended, ErmisBus’ collection, constantly renewing, consists of Super Luxurious Minibuses, addressing to special VIP customers (member of royal family, Showbiz people etc.) and institutions of High importance (like Embassies, or offices handling Vip people’s transport etc.) The popular to everybody Tailor made Luxury Limo Vip tourist buses, that brought the
Dimitris Michalopoulos, President & Chief Executive Officer
Contact details 105 Iera Odos, 11855, Athens Greece Tel.: +30 210 3472969 Email: info@ermisbus.grS Website: www.ermisbus.gr
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company to the top of professionals’ preference, accompanied by emphasis to the special and pioneering design, the handmade seats, the glass sky roofs, the interior details decorated by mahogany, original wood etc. constantly challenge and fascinate the modern professional that looks in the market for something fresh and different. In addition, her bus collection includes simpler tourist conversions, transport buses, school buses, as well as PMR vehicles, always following the customers’ needs. During the last years ErmisBus, apart from the distinguished imported vehicles, has proceeded in establishing a Greek production line, too, in parallel with the imported vehicles, earning great mass appeal in the Greek as well as in the European market. Special vehicles, like TV vans or vehicles used by bank to transfer money etc. are entailed in ErmisBus’ collection, ensuring the customer for the absolute result, due to the “know how” that it has, as well as its multi annual experience. Apart from all the above, ErmisBus, paying special attention to safety, has issued European Type Approvals and possesses complete quality management system
of her constructions, based on the archetype ISO 9001:2015, as well as certificate according to the Appendix X of the European Directive 2007/46/ΕΚ ensuring the maximum safety of her buses’ passengers. ErmisBus taking one step further, has already proceeded in establishment of production line for the construction and placement in the market of Luxury Midibuses, 37+1+1 seats, enriching even more her bus collection, offering to her customers more and more transport choices. Through the benefits that the company offers to her customers, as well as her after sales service and her full spare parts’ stock, ErmisBus, exceeds her customers’ needs and ensures immediate service, option possibility and safety in an outmost professional and trustworthy environment. ErmisBus’ aim, after applying the latest and most dynamic techniques referring to the future, is to be a step further of the needs of her era and always keep paced with the needs of her customers. All these compose the formula of the company’s healthy and successful progress from 1969 until today and determine its successful route to the future.
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DIAMONDS OF THE GREEK ECONOMY
2019
VAPING / NEXT GENERATION PRODUCTS Commercial
ΝΟΒΑCCO
The Power of Choice Europe’s first provider of alternatives to traditional smoking products NOBACCO has strategically invested in its vision to support all those who consider leaving traditional smoking in the past, by offering them products of the highest quality, excellent customer service and the Power of Choice! Founded in 2008, NOBACCO is leading the Greek market of vaping and all other potentially reduced-risk to smoking cigarettes products. Having developed a network of 65 Nobacco Shops and more than 320 sales points and outlets throughout the country, NOBACCO has managed to offer a wide range of innovative, certified products that are gradually entrusted by thousands of exsmokers. NOBACCO is a founding member of the Association of Greek E-Cigarette Enterprises. The company represents the top e-cigarette manufacturing firms worldwide, while it also develops its private labeled, high-quality vaping devices and e-liquids, all of which are compliant with EU and national legislation.
Markos Markopoulos, Chief Executive Officer
Contact details 23 Tzavella St., 15231, Chalandri, Athens, Greece T: +30 210 7622020 Website: www.nobacco.gr
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Strategic partnership with British American Tobacco In 2018 NOBACCO entered a strategic partnership with British American Tobacco, a leading global company, for the exclusive distribution of its flagship products, Vype e-cigarette and glo™, one of the most advanced tobacco heated product. By expanding its portfolio to the Heat-Not-Burn category of reduced risk products, NOBACCO develops into the only provider in Europe of every safe, legal and high-end alternative solution to traditional smoking. At the same time, the company remains consistent to its mission, which is to support all those who consider leaving traditional smoking in the past, by offering them all possible alternatives, such as tobacco heated products, close system and open system vaping devices. Research and Development Nobacco Design Center is a subsidiary of NOBACCO which solely aims at developing the most innovative, user friendly, high-end vaping devices. Research and development
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engineers, product designers, sales representatives and managers with significant experience in the vaping industry create truly outstanding products that deliver the most enjoyable vaping experience. Aquarius Project In 2014 NOBACCO entered a partnership with the Laboratory of Molecular Biology and Immunology of the Department of Pharmacy of the University of Patras, which resulted in the “Aquarius Project”, a global scale pioneer initiative that connects the academic community with the private sector. Among the wide range of scientific and commercial activities of the Aquarius Project has been the development and production of various ranges of e-liquids at its new, state-of-the-art manufacturing facilities. Quality assurance / Scientific knowledge on vaping NOBACCΟ constantly invests in synergies with academic and research institutions in order to ensure that all of its products are
›››››› certified and accredited with regard to safety and quality. In 2017, NOBACCO commenced an E-Liquid Quality Control and Assurance Program in collaboration with the School of Medicine, University of Athens. Through this partnership, NOBACCO ensures consistent high quality of its products that meet the strictest standards and even exceed the requirements of European Regulations and other authorities.
moment they decide to enter the world of vaping are the key ingredients of NOBACCO success. Customer loyalty / NOBACCO Privilege Club Customer loyalty is enhanced with the Integrated CRM & Loyalty program and mobile application “Nobacco Privilege Club”, through which the user/member is rewarded with discounts, contests and original gifts of experience.
Our People NOBACCO offers approximately 110 direct and more that 300 indirect working positions. People have always been and will be a vital business asset for the success of NOBACCO. The company constantly invests in training and pleasant working environment. NOBACCO Experience Excellent customer service brings NOBACCO’s motto “Life Tastes Better” to life which is expressed through “NOBACCO Experience”. Personalized communication, identifying customer needs, in depth product knowledge, high-end store design and staying in touch with the client from the very first
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DIAMONDS OF THE GREEK ECONOMY
2019
GRECO STROM S.A.
Mattresses
55 years of quality creation
Commercial Turnover
Greek company “GRECO STROM LTD” has been involved in the manufacture of mattresses, bedding and sleeping products for over 55 years, while successfully operating in the hotel, medical, marine and hospital equipment markets and with sensitivity in baby products. The firm’s factory, warehouses, distribution center, as well as the financial and administrative headquarters are housed in over 16,000 sqm of privatelyowned facilities in Mandra, in the western outskirts of Athens. All installations have recently been expanded and upgraded using special materials that ensure absolute water tightness and thermal insulation, thus maintaining the storage conditions, while it is common ascertainment that GRECO STROM has now surpassed the intercultural and European level in the most demanding business standards. With absolute respect for the environment, GRECO STROM is among the innovators of the alternative packaging management system in collaboration with the Hellenic Recycling Recovery Company.
9,655,623 €
PROFIT BEFORE TAXES 810,306 €
Marios & Chris Gotsopoulos, Presidents & CEO, GRECO STROM
Contact details End of Makrygianni Street, Mandra, Attica, 19600, Greece Tel.: +30 210 5552000 Fax: +30 210 5550870 Website: http://www.grecostrom.gr
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The company’s activity and production sections cover: Mattresses, Pillows, Toppers, Mattress Protectors, Beds, Sleeping Systems, Bed Bases and Sofa Beds. Historical facts: 1964: The company is founded by Mr. Fotis Gotsopoulos and is active in the manufacture of handmade cotton mattresses. 1976: Purchase of a 5,000-sqm privatelyowned plot and construction of a factory building expanding over 1,500 sqm in Mandra, Attica. 1980: Purchase of machinery equipment and production of mattresses with springs. 1986: Mr. Marios Gotsopoulos, one of the founder’s sons, enters the company as a partner 1991: GRECO STROM expands following an extension to its factory building to 3,000 sqm. 1997: Mr. Chris Gotsopoulos, another of the founder’s sons, enters the company as a partner. 1998: The company extends its activity by researching, designing and producing baby mattresses, based on the most stringent in-
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ternational standards. 2000: Company Certification based on the International Quality Management System ISO 9001. 2003: Investments are made in upscale and modern mechanical equipment and the company proceeds to innovative design and production of box mats. 2004: Mattress supply assignment for the 2004 Athens Olympic Games. Certification of the company based on the International Environmental Management System ISO 1400. 2005: Export activity in Cyprus. Incorporation of the company as a member of ISPA (International Sleep Products Association). 2006: Assignment for submarines and ships of the Navy with mattresses certified according to specifications of ΙΜΟ (International Maritime Organization). Moreover, the Marine Mattresses meet the requirements as stipulated in EU Regulation 2017/306 for MED/3.21 bedding product group 9: SOLAS 74 Reg.II-2/3, Reg. II-2/9 & Reg. X/3 & and IMO Res. MSC. 307 (88) - (2010 FTP Code) Annex 1, Part 9. Award of the ECO LABEL under the Registration number EL/014/06. 2007: Greco Strom’s mattress strength is verified by the test EN 1957 in the AIDIMA specialized laboratory in Spain. Export activity in Balkan countries. 2008: Export activity begins in Russia. 2012: Certification of the company based on the ISO 13485 International Medical Product Quality System. Research, design and production of hospital beds with CE
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certification and registration in the Register Manufacturers of Category I Medical Devices from EOF. 2015: GRECO STROM innovates by designing and producing mattresses that go beyond expectations. The advantages of a handmade mattress structure are complied with transcendental technological development, offering the new generation of LITHOS mattresses. 2017: Investing in pioneering innovative mechanical equipment. 2018: The baby mattresses of GRECO STROM are tested and certified by the Swiss Certification for Safety and Product Quality, Swiss Approval International, and meet the requirements of the European Standard: EN 16890: 2017. Extension of privately-owned building facilities to 16,000 sqm. 2019: Upgrading quality products that are required to meet specifications and are suitable to equip ships, yachts, hotels and general spaces, and it is considered necessary to use mattresses with particular fire resistance. GRECO STROM designs and produces a new series of mattresses that meet the requirements as outlined in EU Regulation 2017/306 for MED/3.21 bedding product group. Also the company starts its activity in the Czech Republic. Greco Strom is daily investing without market retreats and compromise in absolutely innovative and upgraded mechanical equipment. Together with our frequently trained programs and mandatory participation of our staff, we are committed to implementing our innovative design to produce
quality, ergonomic and innovative sleep products. In order to ensure the best result, we have chosen to supply our raw materials with the largest and most reliable Greek companies and companies from the international forum of the industry. All our suppliers have the necessary certificates that ensure the excellent quality of materials through the most demanding production process controls.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
GRECO STROM S.A. 2017 7,510,946 € 500,575 € 1,899,978 € 2,866,160 € 2,334,302 €
2018 9,655,623 € 810,306 € 2,345,487 € 3,676,466 € 2,674,275 €
Change (%) 28.6 61.9 23.4 28.3 14.6
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DIAMONDS OF THE GREEK ECONOMY
2019
IKTINOS HELLAS S.A.
Marble
Superior materials
Industrial
Iktinos Hellas 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. The firm is listed on the Athens Stock Exchange since 2000. The Company holds concession rights for 12 quarries in Greece (mainly northern Greece) and currently operates 9 marble quarries in northern Greece and Peloponnese, 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, as well as warehouses and showrooms and complete
Ioulia Chaida, Vice President
Contact details 7 Likovrissis St., 14452 Metamorfosi, Athens, Greece Tel: +30 210 2826825 Fax: +30 210 2818574 Website: http://iktinos.gr
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sales network. 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. Also, it has set up four other companies to operate the wind farms. These wind farms are in the process of licensing. The total capacity of the new wind farms is 83MW.
●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, spa, conference center, golf course, leisure craft marina and two residential areas.
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DIAMONDS OF THE GREEK ECONOMY
2019
ELVIDA FOODS S.A.
Food Products
Elvida Foods - Passion for qualitative and delicious authentic Greek Food!
Industrial Turnover 20,064,423 €
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. In 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. In 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
PROFIT BEFORE TAXES 360,573 €
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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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. 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-the-art 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.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ELVIDA FOODS S.A. 2016 18,846,624 € 527,011 € - 7,861,338 € 8,276,109 €
2017 20,064,423 € 360,573 € - 8,079,080 € 9,382,684 €
Change (%) 6.5 -31.6 2.8 13.4
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DIAMONDS OF THE GREEK ECONOMY
2019
StarTline S.A
New Balance is Fearlessly Independent
Commercial
Panagiotis Xanthakos, President & Chief Executive Officer
Contact details 23rd Klm N.R Athens-Lamia 14568, Krioneri Tel: + 30 210 8160100 Website: www.newbalance.gr
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New Balance is an American multinational corporation privately held by Greek origin Jim Davis and is based in the Boston, Massachusetts area. The company was founded in 1906 as the “New Balance Arch Support Company” and is one of the world’s major sports footwear and apparel manufacturers. New Balance maintains a manufacturing presence in the United States, as well as in the United Kingdom for the European market, where they produce some of their most popular models such as the 990 model—in contrast to its competitors, which often manufacture exclusively outside the United States and Europe. Startline S.A is the exclusive distributor for Greece and Cyprus. The company owns 2 Branded Stores, 1 SIS, and 3 Outlet Stores in Greece. They recently opened an astonishing Flagship Store in Cyprus and are about to open one more Flagship Store in Athens, Glyfada area. They operate with over 250 retailers and their products can be found in over 540 doors in Greece and Cyprus. Although the past years have been challenging for the market due to the economic difficulties, the company managed to show incredible growth each year. “We have never forgotten where we have started. It has been an incre ible journey and we continue to pursue our dreams until we succeed. Our Goals globally as well as in our market are to become no1 in Running and one of the top 3 athletic Brands. We continue to follow our own independent path and have always been loyal to our core values. Integrity, teamwork and total customer satisfaction. We are New Balance. We are fearlessly Independent.” Panagiotis Xanthakos CEO
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DIAMONDS OF THE GREEK ECONOMY
2019
Energy Industrial Turnover 1,098,229 €
PROFIT BEFORE TAXES 281,181 €
Pindos Energy
Pindos Energy Group
Pindos Energy Group is involved in energy generation through the development and operation of Renewable Energy Sources projects. It is one Greece’s first groups to operate in this sector. Pindos Energy was founded in 1998 in Ioannina, Greece, and today six companies are operating within the Group. Energy projects in operation comprise 6.64 MW of Small Hydropower and 1.57 MW of Photovoltaics. The firm’s total investments to date amount to some 25 million euro. Pindos Energy has been awarded as Epirus’s Best Energy Company in the Epirus Business Forum 2012. The group’s projects, at various stages of development, are shown in the following table: ● Technology: Power (MW) ● Small Hydro: 13.94 ● Wind: 59.4 ● Photovoltaics: 10 ● TOTAL: 83.34 By 2020, the company expects to commission an additional 4.6 MW of Small Hydropower Plants. The firm employs engineers and technicians specialized in renewable energy, and invests in on-going staff training. The Engineering Department is responsible for the design, construction supervision, maintenance and operation of renewable energy projects since 2000. The company has the necessary equipment to cope with the above-mentioned activities. Power Energy Services is the spinoff company of this department, focusing in maintenance and operation of energy projects and facility management. Power Energy Services is accredited as per ISO 9001:2015 for the maintenance and operation of energy projects.
Contact details Akadimias 6, 45 332 Ioannina, Greece Tel.: +30 26510 85090 Fax: +30 26510 85091 Email: pindos@pindosenergy.gr Website: www.pindosenergy.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Pindos Energy 2016 1,532,103 € 667,524 € - 10,002,375 € 939,992 €
2017 1,098,229 € 281,181 € - 10,116,099 € 543,379 €
Change (%) -28.3 -57.9 1.1 -42.2
Ένας θησαυρός επιχειρηματικών πληροφοριών είναι διαθέσιμος για εσάς! Tο ανθρώπινο και στελεχιακό δυναμικό των επιχειρήσεων Tα οικονομικά στοιχεία και αποτελέσματα (ενεργητικό, παθητικό, οικονομικά αποτελέσματα) των εταιρειών
Tο προφίλ των σημαντικότερων (βάσει κύκλου εργασιών) εν Ελλάδι επιχειρήσεων
Ο συνδρομητής δεν έχει περιορισμούς εκτυπώσεων και αποκτά τη δυνατότητα απεριόριστης χρήσης της βάσης κατά τη διάρκεια του έτους.
Αναλυτικές εκτυπώσεις για όλους του κλάδους επιχειρηματικής δραστηριότητας επεξεργάσιμες σε excel. New Times Publishing - Τηλ.: +30 210 3428667, Website: www.newtimeslist.gr, Email: info@newtimes.gr Πληροφορίες: Ειρήνη Πολίτου epolitou@newtimes.gr Mobile: 6944 350 631
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DIAMONDS OF THE GREEK ECONOMY
2019
BIKRE S.A. Chatzigavriilidis Group
Food Products
Caring for taste and quality!
Industrial
Contact details 7th Km. Kavala to Eleftheroupolis Road, Amisiana, Kavala 64100 Tel.: +30 2510 327084, 2510 327011, 2510 327014 Fax: +30 2510 327019 Email: info@bikre.gr Website: www.bikre.gr
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BIKRE is one of Greece’s largest, most reliable and modern meat production industries, with its main fields of activity in the production and processing of meat and the marketing of food. Starting out as a family-run business, and thanks to its excellent organization, professionalism, love and passion for the subject, the firm has accomplished over the years to set a steady upward trend of development, and is now considered a model for the meat industry and food service. The company’s headquarters and production unit are located in Amissiana, Kavala, in a privately-owned plot of 6,500sqm. The state-of-the-art production plant is fully equipped with the most advanced mechanical equipment. BIKRE continuously invests in latest-technology machinery, aiming at continuous growth, higher production and quality assurance of its products. Daily checks are carried out by permanent scientific staff at all stages of production, from the receipt of raw materials to the final delivery of products. Also, all European specifications under the ISO 22000 Quality Assurance System are strictly complied with and implemented. Handling and delivery of sensitive products is mainly done through a privately-owned fleet, consisting of 40 refrigerated trucks. So clients are ensured that each product with the BIKRE seal will offer their customers guaranteed excellent quality. With a legacy of more than 40 years, the company has been able to gain the trust of catering professionals, producing products of high quality and special taste. The R&D department is closely monitoring and constantly updating all the latest nutrition trends worldwide, with the aim of creating new, innovative products envisaged to significantly upgrade menus and services offered by the catering industry. BIRKE’s landmark product is considered to be the Authentic Northern Greece Gyros, which has become the #1 choice of customers owing to its unrivaled taste and quality. Increased demand has led the firm to a further upgrade of the production facility, resulting in a 13,000-kilogram product output per 8 hours. Currently, the plant is being expanded by 2,500sqm, while an investment
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is being made in new machinery. The company’s near-term plans include the development of a new production unit, at its new, ultra-modern, privately-owned facilities, totaling 3,500sqm. In the context of extroversion, and also aiming at spreading the traditional Greek flavor beyond the domestic market, BIKRE has boosted its export activity in the largest European countries by creating a large network of new customers. In spite of the firm’s large size, BIKRE’s family never forgets its humane face. With love for our land and a vision for financial prosperity of the local community, the Chatzigavriilidis Group employs more than 150 permanent staff, consisting of specialized craftsmen and experienced executives.
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DIAMONDS OF THE GREEK ECONOMY
2019
Automotive Electrical Parts Industrial Turnover 13,060,817 €
Dasteri S.A.
An innovative vehicle lighting manufacturer DASTERI, located in Alexandroupoli, Northern Greece, has been active since 1976 in the manufacturing of vehicle lighting, in a vertically integrated production.
PROFIT BEFORE TAXES 2,556,662 €
Productivity and Innovation By constantly investing in highly-qualified staff and new technologies, our company is today an established European company that exports its products to 48 countries and multiple distribution points around the world. Dasteri products are manufactured according to the specifications of the Quality Management System ISO 9001 and fully meet the requirements of European and international markets. Growth and Development Today, Dasteri possesses the necessary experience and expertise since it has completed a large variety of projects with utter success through open and international tenders. With a commitment to research and planning for innovative services and products, Dasteri continues to make large investments in terms of means and efforts to meet the market requirements in the
Contact details 1st Km of Alexandroupoli-Feres road, Alexandroupoli, 68133 Tel.: +30 25510 25171 Fax: +30 25510 21689 Email: info@dasteri.gr Website: http://dasteri.gr
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best possible way. The firm’s success is the result of continuous research for quality at every stage of production. The company employs a large number of professionals who have the know-how in design, production and marketing in order to serve our customers. High Quality Service Fostered by reliable cooperation with our customers, our unremitting service to their needs aims not just to solve problems but to thoroughly meet their contemporary demands, too. Our professionalism combined with friendly and prompt service are the principles that best describe our identity and designate our relationship with all of our partners and customers; principles that define every contact we make with them. Responsibility and Reliability Our main concern is the consistency with which we treat each and every customer, but also the environment in general. With respect and sincerity, we commit to our promises in terms of delivery and outcome, thereby nurturing personal relations of
›››››› mutual trust with our customers. Respect for the environment and its protection, as well as contribution to social issues, are matters integrated into our operating principles and philosophy. For this reason, our production processes are environmentally friendly and undertaken with full awareness to ensure ecological protection standards.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Dasteri S.A. 2017 7,911,969 € 1,113,508 € 1,918,846 € 5,282,975 € 5,403,952 €
2018 13,060,817 € 2,556,662 € 3,431,921 € 10,550,073 € 5,550,410 €
Change (%) 65.1 129.6 78.9 99.7 2.7
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DIAMONDS OF THE GREEK ECONOMY
2019
Praktiker Hellas
Home Products
The leading company in the Greek Home Improvement Retail Market
Commercial Turnover 172,073,998 €
PROFIT BEFORE TAXES 101,245 €
Ioannis Selalmazidis, Managing Director, Praktiker Hellas
Contact details 176, Pireos St., 177 78, Tavros - Greece Tel. +30 210.34.93.207 Fax: + 30. 210.34.93.209 E-mail: pr@praktiker.gr Website / E-shop: www.praktiker.gr Connect with us: Praktiker Hellas | LinkedIn - Facebook - Instagram – YouTube
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Praktiker Hellas is the No.1 Network of DIY and Home Improvement stores in Greece, being the leading choice of Greek consumers since 1991. The company collaborates with a team of 1,600 employees and operates through a rapidly growing e-shop, a specialized B2B team and a B2B center, and 16 department stores across the country. In addition, the company boasts a total sales floor area of 100,000 sqm, serving more than 6 million customers annually, with 50.000 products of home, garden, construction, auto-moto & free time equipment, in collaboration with 400 suppliers. Since April 2014, Praktiker Hellas has been a member of the Canadian Fairfax Financial Holdings Limited, which since 1985 has been known for their significant history of successful investment in international companies with strong growth prospects and long-term corporate value development. Praktiker’s purpose is the personalized service of their customers, offering them integrated ideas and solutions that meet their needs and exceed their expectations. The company constantly keeps customers’ desires at the heart of their interest, while the excellent service & experience of each customer is a key point of their corporate philosophy and, at the same time, a key lever for the development of the offered products and services. The most recent opening of Praktiker Hellas was in the area of Pallini, with a double inauguration: the company’s 16th store and first B2B Center. More specifically, Praktiker Hellas has been supporting the B2B industry since 2010, and today serves every professional nationwide, with a 20-member team, with customized solutions, while through the new B2B Center provides a physical showroom of B2B range and services with innovative air, offering a unique shopping experience. Praktiker stores have evolved into the most complete home destination and onestop-shop. Their DIY character remains unaltered and is now combined with impressive aesthetic furniture, with a distinct department that includes unique decora-
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tion items, establishing the company in the mind of Greek customers, as the best place to change… their home. In 2018, Praktiker Hellas launched their new services “garden, interior & clima Experts”, aiming at supporting every need of garden architecture, home renovation, home decoration and every cooling / heating need, by specialized teams. At the same time, focused on quality, the company is proud of their product range and offer additional product warranty from early 2019. One of the company’s innovations is the continuous training of their customers and the investment for their best experience. Until the emergence of Praktiker in Greece, DIY was not a widespread philosophy, and Praktiker undertook the initiative of spreading DIY through a wide range of programs, product demonstrations and solutions, inspiring workshops, interactive events and more, in their stores nationwide. The Corporate Social Responsibility sector is an integral part of the company’s operation, as well as the key driver of their business goals. By sticking to the principles of responsible entrepreneurship, Praktiker Hellas is constantly developing within a wider framework of social welfare, implementing actions and a CSR program clearly
›››››› reflected in the axes of the Social Responsible Market, Care for Human Resources, Environmental Responsibility and Social Contribution. Praktiker Hellas continues their dynamic presence in the Greek market, aiming at increasing the satisfaction & confidence of their customers, supporting constantly their vital business asset – their ‘people’, as well as the Greek market and economy.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Praktiker Hellas 2016 2017 177,529,780 € 172,073,998 € 4,164,870 € 101,245 € 59,984,560 € 55,890,454 € 12,236,850 € 12,332,973 € 49,052,390 € 43,334,274 €
Change (%) -3.1 -97.6 -6.8 0.8 -11.7
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DIAMONDS OF THE GREEK ECONOMY
2019
RE/MAX
Real Estate Services
Real status in real estate Who We Are
Commercial Turnover 735,728 €
PROFIT BEFORE TAXES 93,338 €
Stavroula Vamvaka, President
Contact details RE/MAX New Deal - Kolonaki Square 24 Kanari St. (Filikis Etairias Square), 10674 Athens, Greece Tel: 2103390500 newdeal.remax@gmail.com RE/MAX New Deal - Aristotelous Square 33 Tsimiski St., 546 34 Thessaloniki, Greece Tel: 2310620520 remaxnewdeal.thessaloniki@gmail.com RE/MAX New Deal Glyfada 15 Grigoriou Lambraki St., 166 75 Glyfada, Athens, , Greece Tel: 2103390501 remaxnewdeal.glyfada@gmail.com RE/MAX New Deal Piraeus 131 Praxitelous St., 185 32 Piraeus, Greece Tel: 2112120980 remaxnewdeal.piraieus@gmail.com
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RE/MAX was founded in the US in 1973. Today it is a multinational real estate corporation with presence in over 100 countries, 7,900 branches and over 123,000 real estate consultants. RE/MAX Greece is the #1 real estate network in the country and our branch, RE/MAX NewDeal, ranks #1 in sales in Greece and has the largest number of active agents. RE/MAX NewDeal was founded in 2005 and has its headquarters in Kolonaki Square, central Athens. The company has a global presence and regularly presents investment opportunities in Greece and attracts many investors from abroad, including China, Israel, Middle East, Turkey, Egypt and Russia. Representatives of RE/MAX NewDeal operated in many European cities, but also in Beijing, Shanghai, Tianjin, Smyrna, Abu Dhabi, Alexandria, Beirut and Cairo. Stavroula Vamvaka: Founder and Woman in Charge Stavroula Vamvaka, in charge of RE/MAX New Deal, has been awarded several times for running one of the best real estate agencies in Europe. She studied Law in the University of Athens and has a background in business and real estate services. Stavroula Vamvaka also has a strong presence in the media. She is regularly interviewed by Greek news channels, and her articles have been published in the press. She also hosted an original TV show called “Time for New Deal” where she presented investment opportunities, as well as news from the real estate market. Experts in the Global Market RE/MAX New Deal takes part in various international shows and exhibitions and is highly recognizable by global partners. The company has been innovative in promoting the Golden Visa Program, which is a common reason why foreign investors enter the Greek market. The Four-Branch Network RE/MAX New Deal operates in four locations in Greece, all in central areas of the country’s largest cities. All the company’s agents earn the privilege to attend the company’s in-house Real Estate Academy before offer-
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ing their top-tier services to our clients. Distinctions RE/MAX New Deal holds is an award-winning organization and is considered a paragon of entrepreneurship both domestically and abroad. RE/MAX New Deal ranks #1 in Greece in the RE/MAX network. ● # 1 in Property Sales for 11 consecutive years (2008-2019) ● #1 in Development ● #1 in Number of Transactions 4 out of 5 top agents in Greece are RE/MAX New Deal agents (2018). Those agents belong in our platinum club, where agents are making over 175,000 in yearly commissions. RE/MAX New Deal has also received several awards in Europe, among 2,000 RE/MAX branches (2018). ● #8 in Development ● #13 in Number of Transactions ● #51 in Gross Revenue Among the company’s agents is the #1 agent in Number of Transactions in Europe among 23,000 agents of the RE/MAX network. Legal Services Our legal associate is Christos Kobiliris & Co. who specialize in real estate and provide top-tier legal services to our clients. Our Mentality We pride ourselves of our efficiency and unmatched service. We invest in the most dedicated agents who are trained to satisfy the needs of every client, whether they want to invest or sell their property fast and in the best possible price. Consulting: Giving our Clients the Competitive Advantage Market shifts are a common phenomenon. In order to make the most of the opportunities which present themselves - whether it is investment or selling - you can rely on our advice. Our renowned professionals monitor the market on a daily basis and have both the expertise and the experience to
›››››› give you the competitive advantage in the real estate market. Property Management We manage and list your property on shortletting sites, like Airbnb, so that you can maximize your rental income. We have a check-in και check-out service for guests, and we inspect the property before and after accommodation. We also take care of the bills on your behalf. In case of damages, we offer to restore the property by specialized professionals after consulting with you. Construction/Renovation We offer to renovate or reconstruct any space or building, residential or commercial, according to your personal needs. Loan Issuance In collaboration with one of the largest financial institution in Greece, our specialized Consultant can help you acquire a housing loan tailored to your needs. The Academy The Real Estate Academy by RE/MAX New Deal is the first institution in Greece to provide a curriculum in real estate and a government-approved certificate of attendance.
RE/MAX
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
2017 735,728 € 93,338 € 381,611 € 17,534 € 339,288 €
2018 1,293,890 € 162,731 € 612,832 € 133,073 € 683,628 €
Change (%) 75.9 74.3 60.6 658.9 101.5
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DIAMONDS OF THE GREEK ECONOMY
2019
CRETAN MILL S.A. - ALMPANTAKIS GROUP OF COMPANIES
Food Products
Family tradition since 1866
Industrial
Michail Almpantakis, CEO
Contact details Kalessa Maleviziou, Heraklion, Crete Tel.: +30 2810 821475 Fax: +30 2810 301629 Email: info@crete-oil.gr Website: http://www.crete-oil.gr
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Cretan Mill, member of Almpantakis Group of Companies, is a family-run business founded in 1866, based on a long tradition in the production, standardization and marketing of olive oil. Situated in Heraklion, Crete, we have created modern facilities to produce and offer a wide variety of extra virgin, virgin, organic, aromatic and special oils, all 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 operates in ultramodern facilities, where olive oil is produced, standardized and stored. Our company is a complete vertical production unit, consisting of five olive oil crushing units, a bottling factory and an olive oil pomace factory (since 2017), in order to use the olive core in an ecological way and produce our own olive pomace oil. Our great power in the market lies with stability and high quality of our products, offering the best value for money in the market, as well as on our experienced staff, who provide fast service and consulting support throughout the year. Moreover, the company is certified with quality assurance systems ISO22000, HACCP, IFS and BRC and always handles the olive tree fruit with responsibility and respect. Some of our most recent awards are: 2018 International Taste and Quality Institute (iTQi), for our extra virgin olive oil (EVOO) Kritikoi Elaiones and pdo Sitia (2 Gold Stars); 2018 London IOOC, for pdo Sitia; 2017 iTQi, for our EVOOs pdo Sitia, Kritikoi Elaiones (2016) and Agrelia (2016); London IOOC, Quality Award for our EVOOs Premium by Almpantakis Family (2017) and Kritikoi Elaiones (2016); OLYMP TASTE award for our EVOOs Premium by Almpantakis Family (2017) and Zero Two (2016); and, COP-
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PER ELEA and GOLDEN ELEA awards at the Cretan Olive Oil Competition for our EVOOs pdo Sitia (2017) and Agrelia Organic (2017). These awards are a significant recognition of the excellent taste and quality of our olive oil, distributed in Greece and all over the world. Apart from our domestic sales, which account for 60% of annual turnover, Cretan Mill exports are a key factor in the firm’s growth, as they reach the 40% of turnover. Our vision is to globally promote the Cretan diet model 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”.
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www.timetv.gr
›››››› DIAMONDS
OF THE GREEK ECONOMY 2019
DISTINGUISHED COMPANIES
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
Pharmaceutical products Commercial Turnover 2017 24,473,617 € 22,791,597 €
Contact details 51 Orfanotrofeiou-Vernardaki St,Volos 38333, Greece Tel.: +30 2421316400 Fax: +30 2421025146 Email: info@argofarm.gr Website: lelosgroup.gr
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Helping Central Greece pharmacies grow in a challenging healthcare environment Argofarm was founded in 1995. Through a stable and successful multi-year operation, Argofarm is now regarded as a leader in trading, storing and distributing pharmaceutical, parapharmaceutical and cosmetic products, with its main activity being the supply of pharmacies in the wider region of Central and part of Southern Greece. The firm is one of the oldest companies of Lelos Group, Greece’s largest privatelyowned Group of pharmaceutical distributors comprising of 10 companies and serving more than 2,600 pharmacies nationwide. Since its foundation, Argofarm has succeeded in boosting financial figures every year, in spite of the crisis experienced by the entire pharmaceutical sector. As Lelos Group’s 3rd largest company, Argofarm serves more than 300 pharmacies per month covering the provinces of Magnesia and Phthiotis, as well as the Sporades islands. Argofarm operates on privately-owned facilities totaling 1,100sqm, located at the heart of the city of Volos. Following a 2016 relocation as a result of continuous growth,
Turnover 2016
Argofarm S.A.
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Argofarm recently further expanded its facilities. The firm managed to maximize space utilization by connecting all production units from 3 different floors, adding 2 new picking stations, and installing an automatic pallet system that mobilizes finished parcels and prepares them for transport, as well as shuttles palletised materials from trucks back to starting points. The company has an on-going investment program focusing on modern technology and human resources in particular. It seeks innovation and uses state-of-the-art technologies, while maintaining the lead over competition. In addition to modern drug storage facilities, Argofarm utilizes a ROWA autonomous robotics unit, which allows optimal management of slow moving item codes. The entire handling system, from receipt of items to delivery at pharmacies, is monitored electronically using RF scanners, a process that, in addition to fully recording all events, minimizes errors to less than 1%. At the same time, the company’s workforce is an important factor in its successful course; the firm’s priority is on continuous education and training of its staff, currently
›››››› numbering more than 25. Our highlytrained customer service representatives and sales specialists are committed to helping our customers access the products they need, on time, every day, so they can spend less time focusing on logistics and more time on delivering patient care. As a constantly evolving firm, Argofarm takes initiatives, studies ways and proposes solutions that help not only at overcoming the crisis experienced by the Greek pharmacies, but also to increase its profitability. In this direction, it distributes and promotes the private labelled products under the brand name STIRIXIS, owned by BioPharm, another Lelos Group company. The STIRIXIS line includes personal daily care and orthopedic care products that are available exclusively at pharmacies. Argofarm is certified as per ISO 9001:2015. It adheres to rigorous quality control procedures, such as GPS tracking of truck destinations, real-time monitoring of temperature and humidity levels, refrigerators and cool storage rooms. It also uses restricted access systems to its premises prohibiting access to unauthorized personnel. The company has been systematically moving towards finding solutions that are in line with new eco-standards. The installation of a system for carton disposal and compaction, the exclusive use of LED
lighting, as well as its fleet upgrade with natural gas vehicles, all significantly reduce the company’s energy footprint. Argofarm, dynamically growing against the crisis, managed for yet another year to be one of the most profitable companies in the pharmaceutical sector, especially in Thessaly and Central Greece, remaining firm on its strategic commitment to consistently and accurately serve the Greek pharmacy.
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
pipeworks 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. 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, SHELL, DEPA, DESFA, OMV, ENGIE, Snam, ENI, SOCAR, National Grid, E.ON, Spectra Energy, Plains All American, Energy Transfer, Denbury, DCP Midstream, MRC Global, Spartan, EPCO, TOTAL, Enbridge, Cheniere Energy, DNOW, Repsol, STEG, Sonatrach, PDO, OGC, Saudi Aramco, EXXON MOBIL, ABB, EDF, Terega, Saipem, Subsea 7, Noble Energy, Sapura energy, TechnipFMC, Genesis, Allseas, Gaz System, Subsea 7, Wintershall, Qatar Petroleum, KPO, GASCO, PEMEX, Whitewater Midstream and AnlgoAmericanetc. 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 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
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© Noble Energy 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-stopshop’ 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 longitudi-
›››››› nal submerged arc welding unit (LSAW) the primary uses of line pipes are in oil, gas, CO2 and water transportation networks. ● Casing pipes: These high-frequency in-
duction 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
● I nternal and external coating of pipes
produced by other pipe manufacturers
●A ccredited laboratory for raw material
and pipe testing, in accordance with ΕΝ/ ISO 17025
● I n-house corrosion testing laboratory for
sour service applications
●W eld on connector facilities for casing
pipes
●P ipe storage ●S upply 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
2019
DISTINGUISHED COMPANIES
Services Commercial
Export Credit Insurance Organization
Who we are
The ECIO is a special purpose legal entity under private law. It was founded in 1988 and is supervised by the Ministry of Economy and Development. Τhe main target of ECIO is to have a supportive and consulting role, so that Greek export companies feel confident and protected when they export abroad. Through insurance and financing schemes, ECIO is committed to support these companies to safely penetrate foreign markets. WHAT WE STAND FOR ECIO is addressed to all Greek export companies, focusing on small and medium sized ones, even those newly established, regardless of size or sector, for the very first shipment of goods or services and provides insurance coverage, to the export credits granted by them to foreign buyers. International transactions are carried out in an often unpredictable environment and it is crucial to exporters to build a risk management strategy as an essential part of their development abroad. ECIO aims at guaranteeing to exporters insurance coverage up to 95% of the possible loss by means of tailor made services, financing solutions and advisory services. Sharing a passion for trade, we the people of ECIO, want to collaborate with our customers to build successful, dynamic and extroverted businesses, because by helping them, we contribute to improve the pace of Greek economy.
Eleni Stathatou, President
Contact details Athens Headquarters 57 Panepistimiou Str., 105 64 Athens Tel.: +30 (211) 9966200 - (210) 3310017 Fax: +30 (210) 3244074 Εmail: oaep@oaep.gr Website: www.oaep.gr Thessaloniki Offices 51 Politechniou & V. Hugo Str., 546 25 Tel.: +30 (2310) 548718 Fax: +30 (2310) 548762 Εmail: eciothes@oaep.gr
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ECIO’S ADVANTAGES irect financing of the exporter through a special financing program in coop●D eration with all Greek Banks at an extremely favorable interest rate, ● Percentage of cover up to 95% of the insured value of goods or services, ● Coverage of any type of export company, even startups, ● Coverage even of a single export invoice, regardless of the insured amount, ● Coverage even in countries considered to be of a high risk, ● Insurance and financing from the time of receipt of the purchase order, ● Coverage of political risks and we are proud to handle our transactions in a ● Competitive premium rate. In light of the above, we stand by Greek exporters offering them useful tools for their competitiveness and safe development. Looking forward to providing you with further information over our services, please do not hesitate to contact us.
DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
Soft Drinks and Juices Industry Industrial
EPSA S.A.
A story of refreshmen
Michalis Tsaoutos, General Manager
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 9001:2015, 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 and Pink Lemonade was the firm’s new innovations. Last but not least, after several years (since 1987), In April, we re-launched the EPSA Cola with sugar and that was our 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.
Contact details Agria, Volos 37300, Magnesia, Greece Tel.: +30 24280 91901 Fax: +30 24280 91900 E-mail: info@epsa.gr Website: www.epsa.gr
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
Food Products Commercial
Eleofillo
Olive oil and fine food products
Contact details Koumari Aeghio 25100, Greece Τel.-Fax: +30.26910.61762 Email: liofillo@otenet.gr Website: http://www.eleofillo.gr
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Eleofillo was founded in 2005 in Aigion, Western Greece by Sotiris Angelakopoulos, and is involved in processing, packaging and delivering a variety of Greek agricultural products worldwide. The continuously upgraded industrial complex in Koumaris Aigion, Western Greece is engaged in the production, processing and bottling/ packaging of olive oil, vinegar and balsamic vinegar. The production plant is fully certified by ISO 22000, and comprises: ● Sheltered floor space of 800 sqm, fully controlled as per HACCP - ISO 22000, at all stages production.
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● S tocking capacity of 800MT of olive oils in stainless tanks. ● F ully-automated bottling facility equipped with brand-new packing lines dedicated strictly to the olive oil industry needs, as per HACCP - ISO 22000. ● F ully-equipped, privately-owned laboratory for analysis & quality control, always applying and tracing technological updates, supported by scientific personnel specialized in Olive Oils analysis. ● S toring warehouse for finished products. The firm regards as its main asset its
›››››› highly-qualified and skilled personnel, which guarantees the quality-standards of our products and services. The company’s current exports activity spans more than 13 countries worldwide. Our goal is to be able to deal with current challenges with flexibility, innovation and high corporate social responsibility. Our commitment is to pursue our goals with the highest level of respect for environmental protection and dedication to human values and needs. Last but not least, our aim is to maintain long-term relations with our customers and suppliers, based on mutually appreciated values and practices.
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
ALUMINIUM Industrial
ELVAL
A worldwide leading aluminium rolling manufacturer
Contact details Tel.: +30 22620 53111 Fax: +30 22620 53677 e-mail: info@elval.com, 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 50 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 21 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 over 290,000 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,
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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. 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.
Construction / architectural applications ● Curtain walls ● Composite aluminium panels ● Perforated sheets and coils ● Corrugated sheets ● Facades ● Construction angles ● Metal roofs ● False ceilings ● Venetian blinds /Rol. shutters ● Garage and industrial doors ● Window spacers ● Rain gutters Water transport systems ● Multi-layer tubes Power networks ● Bus ducts Renewable energy ● Windmill platforms and nacelles ● Solar systems Oil & Gas ● LNG storage tanks
Automotive industry ● Various internal parts and components ● Heat and sound insulating covers ● Suspension and brake systems Shipbuilding ● Patrol vessels Pleasure boats ● Workboats/supply vessels ● Yachts ● Pontoon boats 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
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Elval product range Elval produces aluminium sheets, coils, strips and circles for a wide range of applications covering various markets.
Engineering applications ● Static silos ● Geodesic domes and floating roofs ● Flat screen TVs (LED) ● Printed circuit boards ● Light bulb bases ● Communications equipment boxes ● Heat-insulating pipes ● Toolboxes Household appliances ● Cookware ● Kitchen appliances Signage ● Name plates ● Road signs ● Billboards ● Car license plates ● Aluminium trims
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
ENTERPRISE GREECE
Creating value in exports and investment
Organization Commercial
Enterprise Greece is the investment and trade promotion agency of the Greek State, under the auspices of the Ministry of Economy & Development. The agency implements international best practices in its mission to support the outward orientation of the Greek economy. It attracts investments in various lucrative sectors of the economy and promotes the products and services of local businesses in global trade markets. Under its role to attract investments into the country, Enterprise Greece supports foreign investors in developing their business activities in Greece, troubleshoots issues related to public administration, provides key information about the country as an investment destination, and promotes investment in sectors where Greece excels. Under its role to promote exports, Enterprise Greece helps present the best Greek
Grigoris Stergioulis, Chairman & CEO, Enterprise Greece
Contact details 109 Vasilisis Sophias Ave. 11521, Athens, Greece Tel.: +30 210 3355700 Email: info@enterprisegreece.gov.gr Website: https://enterprisegreece.gov.gr/
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products and services to the international community by implementing a comprehensive action plan which is comprised among others of participation at all the major international trade fairs, businessto-business meetings for various industrial sectors, in-store promotions of Greek food and wine products at major retail chains in select target markets abroad. At the same time, the Agency trains and aids exporters in establishing new business relationships and entering new markets abroad. Furthermore, the agency is also responsible for overseeing Greece’s fast track program, regarding strategic national investments. Investment Promotion Our comprehensive strategy to promote Greece and support investment activities in
tion (Ombudsman) service. ● Recommending regulatory changes to improve the legal framework for investments. ● Handling investor requests for information through our front office support. Export Promotion Our export promotion strategy includes: ● Organizing Greek participation in international shows and exhibitions. ● Promoting Greek products and services. ● Hosting buyers and importers from major foreign markets, and organizing B2B meetings with Greek companies.
● Organizing trade missions and shows and exhibitions to promote Greek products. ● Implementing trade promotion programs co-financed by the European Union. ● Providing Greek exporters with upto-date information and guidance to help them penetrate foreign markets. ● Training prospective exporters on how to create and go about selling products abroad.
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the country includes: ●O rganizing investment missions abroad. ● Coordinating business delegations to accompany official presidential and ministerial visits overseas. ● Receiving international trade delegations to Greece from other countries. ● Informing investors about Greece’s institutional, legal, tax and financial regulations. ● Maintaining and updating a portfolio of investment opportunities and projects. ● Supporting major investments through Greece’s Strategic Investment (Fast Track) process. ● Troubleshooting problems that arise through our special, investor media-
Our primary goal is to connect Greek businesses with international, national and local partners abroad. Through such mutually beneficial cooperation, we aim at creating a supportive business climate that will both boost Greek exports, and support economic growth.
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
ETEM
A leading aluminium extrusion company in Southeastern Europe
Aluminium Industrial
Etem is a leading aluminium extrusion company in Southeastern Europe and a company of the Viohalco aluminium segment. Founded in 1971, it is a fully integrated designer and producer of aluminium architectural systems and aluminium profiles for industrial applications. Currently aluminium profiles and parts for the automotive industry are produced by Etem Gestamp a new joint venture between Etem and Gestamp. Etem has become a global aluminium company, exporting in more than 50 countries, guaranteeing continual and uninterrupted delivery of quality products to global customers. Etem products are the preferred choice for significant building projects, throughout the world. Etem’s objective is to design and produce products that help people improve their every-day living in a residential, commercial or professional environment. Focusing on innovation, investment in capital equipment and personnel devel-
Contact details info@etem.com website: www.etem.com
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opment, the Company offers a wide range of products for architectural systems, profiles for practically any use and profiles and parts for the automotive and other industries. These are energy-efficient products that are recyclable beyond their operating lifespan. The Etem group’s operations and development follow the international standards of corporate responsibility and sustainability, recognizing the need to be active in the support and development of local communities, to provide a safe working environment for its people and to invest in the protection of the environment. The Company maintains an Environmental Management System, certified according to ISO 14001:2015, while it also implements best practices for environmental protection. Its production facilities are certified according to ISO 9001:2015, complying to the most demanding European and international standards.
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
Company Profile
Spirits Industrial
Athanasios Syrianos, President and Chief Executive Officer of Hellenic Brewery of Atalanti
Hellenic Brewery of Atalanti (EZA), is celebrating in 2019 its 30 years in the Greek beer market! The brewery started operating in Greece in 1989, as a subsidiary of a German beer group. A decade later, the Syrianos’ family acquired the shares via a management buyout. Hellenic Brewery of Atalanti has a longstanding experience brewing under license international beer brands of German, Belgian and Dutch origin. In 1996 Hellenic Brewery of Atalanti produced its first owned Greek brand, PILS HELLAS. On the same wavelength, 13 years later, in 2009, the brewery produced BERLIN beer under the German purity law with unique taste and quality and a long maturation process. The years that followed, made Hellenic Brewery of Atalanti a pioneer in draught beer, as the company implemented strong investments in order to acquire cutting-edge equipment as well as to upgrade its whole infrastructure offering always “fresh” beer. Commencing 2010, Hellenic Brewery of Atalanti sets out a completely independent strategy, while the company constantly evolves by producing new own brands satisfying a wide range of consumers taste preference with distinctive and unique flavor and aroma profile. With a strong focus on evolving and innovating, Hellenic Brewery of Atalanti has become the national champion, by actively participating successfully in the decentralization of the Greek economy. The Brewery produces PILS HELLAS, since 1996, the one of the most beloved beer in Greece, enclosing in its taste the gastronom-
Contact details Kyparissi, 35200 Atalanti, Greece Tel.: +30 2233097500 Fax: +30 2233097676 Website: http://www.eza.gr
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Hellenic Brewery of Atalanti
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ical culture of the country. εζα, which offers the advantage of choice between three unrivaled varieties, εζα premium pilsener with full body with rich flavors & hops aromas, εζα fine lager full-bodied and harmony of taste, and εζα alcohol beer that retains the taste and enjoyment of a real beer, without containing alcohol. Adding to that, BLUE island is the ultimate summer beverage in three different flavors - BLUE Island Mediterranean beer an easy to drink cool beer, inspired by the Greek summer, BLUE Island Radler Fizzy Lemon with main characteristics the coolness of a freshly rigged lemon and the innovative Blue Island Gluten Free 0,0% a refreshing malt drink with pear taste and a drop of lemon. Last but not least, ODYSSEY which guides you to new gastronomic horizons with ODYSSEY Red - Circe’s Spell, ODYSSEY White - Sirens’ call and ODYSSEY Dark Brune - Calypso’s Desire. . In 2013, the DAMMA Holdings fund participated as strategic investor, in the share capital of the brewery. Following a growth strategy, Hellenic Brewery of Atalanti is constantly investing both in modernization of its assets and scale up of its production. Under these prosperous circumstances, between 2014-2018 the company upgraded and expanded its production facilities by completing a €18.5 million investment plan, while in 2019, Hellenic Brewery of Atalanti is undertaking investments of €10 million. In Hellenic Brewery of Atalanti, human resources play a vital role in the company’s success, in the company’s vision and mission. The company has more than 180
tal factor, as the company constantly invests in adopting eco-friendly practices. Alongside with that, the company emphasizes on social issues, by actively supporting its local community and sponsoring Greek legendary champions of basket - and football. The Company proudly initiated a three-year apprenticeship program, educating young apprentices in Greece in collaboration with the German Hellenic Chamber of Industry and Commerce to become brew
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skilled employees, that take pride in the quality of each beer they produce, respect its customers and suppliers, dare to innovate and most importantly share strong passion for beer! Hellenic Brewery of Atalanti’s vision is to highlight Greek beer in the international beer sector and be the most dynamic and innovative Greek brewery, which will support the country’s national development. Equally important to the company’s operation is the environmen-
masters. In addition, with a strong focus on its beers’ quality, the company follows the highest international standards which ensure that each bottle of beer has unprecedented taste, enclosing the gastronomical tradition of Greece. Building on its 30-year history, while looking towards to the future, Hellenic Brewery of Atalanti is ready to begin a new era – an era of continuous development, top quality beer products and entrepreneurial excellence!
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DIAMONDS OF THE GREEK ECONOMY
2019
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 9001:2015 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’s brass bars and tubes extrusion plant is certified as per ISO 14001:2015 and 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 copper alloy rods (round, square or hexagonal)
Contact details e-mail:info@fitco.vionet.gr website: www.fitco.gr
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● Copper alloy sections ● Copper alloy flats ● Copper alloy wire
● Copper alloy tubes ●C opper alloy wire and net
for fish farm cages
DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
Commercial
LITE LIME SA
LITELIME SA is a strategic development and commercial management company, operating in the Greek market and abroad, in FMCG’s sector. Offering to its collaborators, customers and suppliers, an integrated system of Commercial Services comprising Business Strategy, Sales, Merchandising, Marketing, 360 Communication and Logistics. Important factors in its success are the Company’s well-organized distribution network all around Greece that combined with a long experience and deep knowledge of the market and environment in which it operates, strong infrastructure in people, facilities and equipment. LITELIME SA offers its partners a variety of high quality services. The main concern of LITELIME SA is a further enhancement of its range of products that produces and/or represent in the market - through strong brands - always based on the needs of consumers, through partnerships or acquisitions. The main body of the company’s activities so far, is our own production of Greek vinegar. Thus, we can support any kind of Private Label production. With representation of a number of Greek and foreign companies we aim to meet the needs of retail in private label products. The Brands we represent are : “To Metoxi” with vinegar products, Officina Trasformazione Italia s.r.l. with “Turci” products, Papayiannis Bros with “Olympos” products and Arakynthos sa with Eriki and other premium cheese products.
Contact details 7-9 Anagenniseos str. Nea Filadelfia 143 42 Greece Τ +30 210 2712101 (4 lines) Email : contact@litelime.com
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
INTERNATIONAL E-BUSINESS EXPERTS
CONSOLIDATED GROUP SALES IN 2018: 62,000,000 €
Generation Y
Your trusted e-business advisor
Anastasios Spanidis, CEO
Providing our partners with high performance results and acting proactively to the fulfilment of their business needs, we occupy an industry leader status in the fields of digital transformation and ecommerce. By sharing a vision of co-creating the digital future, we strategically invest to our partners’ growth and prosperity, creating strong, life-long relationships. With 20 years of experience, Generation Y has developed nine business units of action: ● Market Research ● Creative ● Software Development ● Mobile ● Branding ● Performance Marketing ● Business Consultancy
● Insurance ● Data Analysis & Reporting Becoming the trusted advisor of your company, we specialize in creating inno-
Contact details Ag. Triados 36, 175 62, Paleo Faliro, Athens, Greece Tel.: +30 210 9313200 Website: www.generation-y.net
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vative online stores, custom B2B & Β2C platforms and web applications, as well as promoting them through conceptual and targeted digital marketing campaigns and business strategies. Delivering services in 24 countries around the world and occupying offices in 9 of them, our international clientele includes ongoing partnerships of mutual growth and a constant resetting of goals. Under this light, we achieve the desired effect regardless of the business sector or scale of partner, being constantly dedicated to supporting the people behind their brand. Our company runs with own capital and zero loans. The cycle of operations in every company of the group in 2018 ranged at 62.000.000 euros. A 12% rise is estimated in 2019. With more than 2500 customers and established B2C & B2B online stores around the world, it is indisputable that we are part of the 4th industrial revolution, where we play a leading part, being next to our partners with ready-made innova-
By occupying in-house professionals with full expertise in different areas, we have come to the point that we can successfully complete every business’ digital transformation, in a far more integrated way
than competition. Applying our knowledge and expertise in 24 countries, we can transform digitally every brand and every company, reducing its operating costs, increasing its sales, and ultimately upgrading its whole philosophy.
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tive solutions and strategic plans.
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
H Hotels Collection
Hospitality starts with an H
Hotels Commercial
One of Greece’s leading hotel groups, the prestigious H Hotels Collection boasts six 5-star and 4-star properties on the southern coastline of Rhodes, incorporating some of the island’s most beautiful landscapes and capturing the timeless atmosphere of this truly incomparable destination. Clustered a short distance from the picturesque, whitewashed town of Lindos, and ideally located for exploring this most intriguing of Greek islands, the H Hotels Collection includes the Mayia Exclusive Resort & Spa, Princess Andriana Resort & Spa, Boutique 5 Hotel & Spa, Lindos Princess Beach Hotel, Rodos Princess Beach Hotel and Princess Sun. Each hotel is a labor of love for the Hatzilazarou family, who aim to fulfil the desires and earn the trust of luxury travelers from across the globe. Over the past 26 years, the Collection has worked tirelessly to become one of the leading family-run hotel chains in Greece, blending a passion for authentic hospitality with a flawless eye for detail and a devotion to delivering memorable and unique travel experiences.
Ioannis Hatzilazarou, President
Contact details Lardos, GR-85109, Rhodes, Greece Tel.: +30 22440 39000 Fax: +30 22440 29231 E-mail: info@hhotels.gr Website: www.hhotels.gr
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Arriving at their chosen property, each and every guest is welcomed into a world of indulgence and luxury, enjoying a familial style of hospitality that comes straight from the heart. Each hotel embodies the Hatzilazarou family’s vision of purity, quality, comfort and originality, with many rooms offering unrivalled panoramic views of the warm Mediterranean Sea. Soak up the hot sunlight beating down upon the soft sands of Kiotari beach, breathe in fresh air thick with the scent of pine, eucalyptus and jasmine, and marvel at the mirror-like stillness of the cerulean sea, whose soft sighing forms the backdrop to moments of pure relaxation under the bright summertime sky. A favourite summer destination of travelers from around the world, Rhodes’ southerly location makes it one of Europe’s sunniest islands. Due to its position on the eastern edge of the Mediterranean, the island has long acted as a crossroad of cultures, resulting in a heady mix of architectural styles, culinary techniques and local designs. A short journey into Rhodes Town unveils the echoes of this historical melting-pot of
›››››› civilizations, from the imposing medieval Grand Master’s Palace to the delicate Suleymaniye Mosque, juxtaposed with the elegant Jewish Quarter and the surprising Italian colonial architecture of the New Town. Meanwhile, the islands’ interior is painted out in bold brush-strokes of vibrant yellow
and green, whilst the delicate coastline is a marbled fringe of blue sea, white rock and golden sands. Today, visitors to Rhodes will discover a place of natural beauty, with a cosmopolitan outlook and local generosity of spirit that is guaranteed to captivate the soul for years to come.
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DIAMONDS OF THE GREEK ECONOMY
2019
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 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
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quality focus, the company implements an ISO 9001:2015 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. 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, 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 tubes specially made for gas networks TALOS® MED: Special made for medical gas networks TALOS® ECUTHERM SOLAR: Industrial insulated special made for solar energy installations TALOS® ACR INNER GROOVED: Enhancing heat transfer and energy efficient for HVAC&R TALOS® Geotherm: Specially made for geothermal heating and cooling. TALOS® Linesets: Special design for split air conditioning and heat pump systems ● Copper and titan zinc gutters ●B rass bars rods, tubes, sections, flats and wires for applications in architecture, interior design, contemporary art, furniture, lighting, pumps, gutters, heatexchangers, plumbing, automotive, music instruments, etc.
●C opper sheets and strips for architecture
applications, such as domes, roof covers, exterior surfaces, gutters. ●C opper 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 fire-resistant cables, electrical cable wrapping. These products are suitable for marine applications, for the defence, petrochemical, electrical, nuclear and medical industries, as well as for machining and special tools, cooking utensils, art and decoration. ●U R30 copper alloy wire and net for cage farming aquaculture. ● Copper alloys for the production of beakers, discs and coins blanks and rings for bi-colour coins blanks. ●C opper bars, rods and strips for architectural applications, electrical and mechanical equipment, decoration.
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
cables Industrial
CABLEL HELLENIC CABLES
A leading European producer of reliable and competitive cable solutions
Cablel® Hellenic Cables is the cable production and marketing segment of Cenergy Holdings and is one of the largest cable producers in Europe. The Company started its activities in 1950 and in 1973 it was incorporated the name Hellenic Cables, expanding its production and trade operations. Today, Cablel® Hellenic Cables operate 6 plants in total: four plants Greece, that produce land and submarine cables, enamelled wires, plastic and elastomer compounds; one in Romania, producing land cables and one in Bulgaria, producing wooden reels and pallets. With 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. Since 2012, the Company has implemented an investment plan in excess of EUR 85 million for the manufacture of high and extra highvoltage submarine cables in its submarine cables plant, Fulgor. The Company’s wide product range, sold internationally under the Cablel® trademark, extends to submarine cables up to 400kV power cables (rated up to 500kV), marine and low smoke halogen-free cables, fire resistant cables, telecom, signal and data cables with copper conductors or optical fibers and enameled 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. Turnkey cable system solutions Cablel® Hellenic Cables offers full cable system solutions that meet specific demands of its customers. The Company provides a complete package of services including:
●C ivil works required for installation and
●D esign and manufacture of products ac-
the system to the customer (commissioning)
cording 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
Contact details e-mail: info@cablel.vionet .gr website: www.cablel.com
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protection of cables
●T esting, initial operation and delivery of
● Full project management ●C ustomer staff training in system opera-
tion and maintenance
● Maintenance and customer support
›››››› Commitment to quality and sustainable development has been a key factor enabling Cablel® Hellenic Cables establish a strong market position internationally. The Company’s highly experienced technical and managerial personnel are committed to technological excellence and outstanding quality, which ensures that users of Cablel® products have made a reliable choice. 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.
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
information & communication technologies
Huawei
Committed to bringing digital to every person, home and organization for a fully connected, intelligent world Huawei is a leading global provider of Information and Communications Technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – Telecom networks, IT, Smart devices, and Cloud services – we are committed to bringing digital to every person, home and organization for a fully connected, intelligent world. Huawei’s end-to-end portfolio of products, solutions and services are both competitive and secure. Through open collaboration with ecosystem partners, we create lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes. At Huawei, innovation focuses on customer needs. We invest heavily in basic research, concentrating on technological breakthroughs that drive the world forward. Huawei has more than 180,000 employees, and operates in more than 170 countries and regions. Founded in 1987, Huawei is a private company fully owned by its employees.
Contact details Kifisias Ave. 49 & Ziridi, 15123, Maroussi, Attica Tel.: +30 210 6879000 Website: http://www.huawei.com
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What do we offer to the World? We create value for our customers. Together with telecom carriers, Huawei has built more than 1,500 networks, helping connect over one-third of the world’s population. Together with our partners, we serve government and public utilities, as well as enterprise customers in sectors like finance, energy, transportation, and manufacturing. We help organizations and industries go digital by providing them with open, flexible, and secure ICT infrastructure platforms that promote greater synergy between devices, networks, and the cloud. With our smartphones and other smart devices, we are improving people’s digital experience in work, life, and entertainment. We promote industry development. Huawei advocates openness, collaboration, and shared success. Through joint inno-
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vation with our customers, partners, and peers, we are expanding the value of information and communications technology in service of a more robust and symbiotic industry ecosystem. Huawei is an active member of more than 360 standards organizations, industry alliances, and open source communities. We have also joined forces with industry partners to innovate in emerging domains like cloud computing, software-defined networking (SDN), network functions virtualization (NFV), and 5G. Together, we are driving the industry forward. We drive economic growth. Huawei generates tax revenues, provides local employment opportunities, and stimulates the development of the ICT value-chain in every country where we operate. Furthermore, we deliver innovative ICT solutions that drive the digital transformation of all industries, fostering economic growth and greatly improving quality of life. We enable sustainable development. As a responsible corporate citizen, Huawei has made a significant contribution to bridging the digital divide to all people and businesses. We are keenly aware of the importance of telecommunications in emergency response situations, during which we restore communications networks and ensure the reliable operation of essential telecoms equipment in disaster zones. We also prioritize low-carbon and environmental protection throughout all planning, design, R&D, manufacturing, delivery, and O&M activities, providing our customers with top-of-the-line products and solutions that save energy and reduce environmental impact. As for people, we help develop the next generation of local ICT talent with our global Seeds for the Future program, where we work with young talents across 108 countries and regions to transfer knowledge, cultivate understanding and greater interest in the ICT industry, and encourage broader involvement in the digital community.
›››››› What do we stand for? For the past 30 years we have maintained an unwavering focus, rejecting shortcuts and easy opportunities that don’t align with our core business. With a practical approach to everything we do, we concentrate our efforts and investing patiently to drive technological breakthroughs.
This strategic focus is a reflection of our core values: staying customer-centric, inspiring dedication, persevering, and growing by reflection. The digital era has been generous. We will make the most of this historic opportunity, and boldly forge ahead to build a fully-connected, intelligent world.
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
Hotels Commercial
MITSIS HOTELS
A hospitality legend As Greece’s largest privately-owned hotel chain, Mitsis Hotels has been a tourism pioneer 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 country’s most beautiful destinations, under the bright sun of the Greek islands or amid the his-
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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tory 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 perfectly in its natural surroundings, boasts its own character, couleur locale and architectural style. The group offers added value and exquisite service in each of its 17 hotels, through a 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 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 prices 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.
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
Bank
Piraeus Bank Group in Greece - March 2019
Commercial
Piraeus Bank Group
Who we are
Contact details Amerikis 4, 10564, Athens Website: www.piraeusbankgroup.com
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Headquartered in Athens, with approximately 12,100 employees, Piraeus Bank Group offers a full range of financial products and services to approximately 5.3mn customers in Greece.
Net Loans
€37.9bn
Employees
12.1th
Deposits
€43.6bn
Customers
5.3mn
Branches
548
ATMs
1,909
OUR COURSE Founded in 1916, Piraeus Bank has rapidly grown in size and activities, representing to date the leading Bank in Greece with a 29% market share in terms of loans and deposits. Along with its organic growth, Piraeus Bank has made a series of strategic acquisitions and mergers aiming at establishing a strong presence in the domestic market. Piraeus Bank possesses the necessary know-how, experience and decisiveness to address today’s challenges and ensure that the Bank is well-positioned to deliver against the demanding operational and corporate governance requirements, which are derived from the best practices, the existing regulatory framework, as well as ECB’s recommendations. The Group’s total equity as at 31.03.2019 amounted to €7.6bn, while regulatory CET-1 capital was at €6.4bn. The Common Equity Tier 1 (CET1) ratio of the Group as at 31.03.2019 was at 13.7% on a pro-forma basis, adjusted for Risk Weighted Assets relief from the sale of Bulgarian Banking operations. Piraeus Bank, in the context of its business planning, is concentrating on all potentials and opportunities for recovery. The main targets for 2019 are: (a) enhancement of revenue sources and operational efficiency to generate sustainable profitability; (b) improvement of asset quality, through consistent delivery of the 2021 NPE plan; (c) strengthening capital base; and (d) expanding lending to support the country’s economic recovery. With a return to profitability, a recovering balance sheet, and a determination for strong corporate governance and internal controls, we have laid the foundations for sustainable growth. The Bank is committed to playing a leading role in the reconstruction and growth of Greece’s economy by actively supporting economic activity and extroversion through specialized and personalized solutions and high-level services to its customers. WHAT WE DO Piraeus Bank today leads a group of companies covering all financial activities in the Greek market (universal bank). Piraeus Bank, the largest bank in Greece, provides a wide range of financial products and services to approximately 5.3mn customers. Today, we rank first in business financing, with a market share of 33% and balances of €31bn. Additionally, we maintain a customer relationship with 85% of the most important small- and medium-sized businesses in Greece. Piraeus Bank possesses particular expertise in the areas of SMEs, agricultural banking, consumer and mortgage credit, green banking, capital markets and investment banking, as well as leasing and factoring. These services are offered through a nation-wide network of approximately 553 branches and 1,950 ATMs, as well as through an innovative digital banking platform, winbank. Piraeus Bank strives to differentiate itself with the provision of superior standards of customer service by adopting the most modern international innovations and technological solutions. In this context, an automated electronic branch, known as “e-branch”, was set up and has been in operation since 2016. This is a completely new concept for the Greek market. Piraeus Bank currently has 7 e-branches in which transactions are carried out with speed, convenience and security. With a reinvigorated executive management team and Mr Megalou as the new CEO, Piraeus Bank recently launched its new 5-year strategic roadmap, “Agenda 2023”, paving the way to materialize its vision to be the most trustworthy Bank in Greece. With the leadership of its new management team, Piraeus Bank has established “Agenda 2023” on three main pillars. The first pillar includes Strategic Targets comprising specific, measurable goals which aim at fully restoring the Bank’s fundamentals and enhancing profitability. The second pillar is Satisfying Stakeholders, which takes precedence for the Bank. Key stakeholders for Piraeus Bank are its customers, shareholders, employees, suppliers, and society as a whole. The last pillar is Sustainable Solutions, which will be thoroughly and effectively implemented and as such will enable the Bank to develop its full potential, with the aim of creating value from all its functions. These Solutions revolve around de-risking of legacy assets, growth of assets, and efficiency & simplification. WHAT WE STAND FOR Piraeus Bank has established a unified culture and collective mindset based on the principles of accountability, meritocracy and transparency, aiming at being a pillar of stability for the Greek economy, fueling growth and promoting innovation. Focusing on having a positive and lasting footprint in society, with benefits for our customers, our people, our shareholders and society as a whole, Piraeus Bank is committed to constantly creating value, challenging frontiers, enthusing customers and building relationships of trust. As Piraeus Bank acknowledges the basic role held by human resources in the achievement of its corporate strategic goals and the management of challenges, it invests in the creation of strong relations with its employees, constantly improving the working environment and minimizing risks. It works towards a modern working environment that promotes open communication, high performance, and personal development for its people. At the same time, the Group makes sure to establish and implement policies that promote issues of ethics, trust, devotion, team spirit and acceptance of diversity in the workplace. Piraeus Bank employs a staff of 12,067, being one of the largest employers in Greece. Piraeus Bank is committed to including social, environmental, and cultural aspects into its business practices and assumes initiatives over and above the legal obligations, with the aim of enhancing social welfare and sustainable development. In the framework of its activities and operations, the Group promotes regular communication with stakeholders, in order to fulfill their needs and expectations and to promptly and effectively respond to issues concerning them. The adoption of new technologies, respect of human rights, employability, protection of the environment, promotion of culture, as well as issues related to corporate governance, financial performance and risk management, are priorities for the Group. Piraeus Bank, as the first bank in Greece, innovates and offers solutions and outlets to help our economy and businesses recover their pace and open up sustainable paths to create value for the coming years.
DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
PHARMACEUTICALS Commercial
PHARMABELLE
Offering an extensive product portfolio of innovative pharmaceutical & parapharmaceutical products PHARMABELLE, the commercial company of Tsetis Pharmaceutical Group of Companies, was founded in 2014 in Cyprus, with the vision to offer innovative pharmaceutical and parapharmaceutical products in the Cyprus 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 Uni-Pharma and InterMed, and exporting to an extensive network worldwide. PHARMABELLE provides an extensive range of services to meet our customers’ 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: ● Business Development (Identification and assessment of products and potential new markets) ● Technical Assistance (Registration Dossiers, Contract manufacturing, Product development) ● Finished Products (Pharmaceutical, Healthcare, Cosmetics) ● Marketing & 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
2019
DISTINGUISHED COMPANIES
Food Products Industrial
KRI KRI SA
From Serres to around the world
Panagiotis Tsinavos, President & Managing Director
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
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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 3km away from the city of Serres. It consists of two different plants, the dairy and the ice cream production plants, both operating with stateof-the-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. The current staff numbers some 360 employees. 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 24 countries in Europe, Balkans and the Middle East, with the most important markets being England, Italy, Germany, the Netherlands and Belgium. In the first half of 2018, the company saw its exports jump 45.8%, accounting for 33.3% of overall sales. 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 23.3% to €57.45 million. Exports accounted for 30.4% of overall 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%. In the first nine months of 2018, sales rose to €78 million compared to €65 million in the same period a year earlier. Similarly, pre-tax earnings rose to €14.9 million against €10.7 million in the corresponding period in 2017.
DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
Food Products Industrial
Haitoglou Bros S.A.
When tradition meets quality and innovation
Contact details 57009 Kalochori, Thessaloniki - Greece Tel: +30 2310 389700 Fax: +30 2310 751747 E-mail: info@haifoods.com Website: http://www.haifoods.com
Haitoglou Bros SA was established in 1924 when the Haitoglou family arrived as refugees in Thessaloniki, Northern Greece’s largest city, and started a small business to make halva and tahini on a recipe based on family tradition. Pretty soon, Haitoglou halva became a household product and the Haitoglou brand a synonym for premium, healthy and tasteful confectionery. As its passion for quality remained strong, Haitoglou started growing and introduced new products, evolving into a leading food manufacturer. Today, more than 90 years on since founding, the firm is proud of its established brands, two cutting-edge technology production units (located on the outskirts of Thessaloniki), with more than 80,000sqm of purpose-built facilities on a total plot of 230,000sqm, and more than 400 employees. Haitoglou Bros is one of the largest sesame processors globally (largest in Europe), buying and utilizing 4% of world traded sesame. Using custom-developed, state-of-the-art processing equipment, the company processes many varieties of sesame seeds, without the use of chemicals at any stage of production. The company is also one the largest food manufacturers in Greece, with a leading position in the domestic market in several sesame products, perfectly integrated into the Mediterranean Diet, such as halva, tahini (sesame paste), sesame oil and sesame bars. Overall, the company produces a total of 1,500 SKUs, including products such as wafer rolls, jams and various spreads (sesame spreads, hazelnut spreads, cocoa spreads and peanut butter). Haitoglou is also amongst the top brands globally, with strong export activity (50% of total production) to more than 50 countries worldwide (led by the US, UK and EU markets). The longtime experience and cooperation with some of the top retailers and food manufacturers from around the globe has given Haitoglou in-depth know-how and the flexibility to customize products to meet customer requirements, specifications and packaging needs. The company applies a product quality assurance system in accordance with EN ISO 9001:2008, an environmental management system in accordance with EN ISO 14001:2004, a food safety and quality system (IFS6: International Food Standard version 6, Higher Level), as well as a HACCP system, which more than satisfies the strictest requirements for food industries. In 2017, the food company reported a rise in sales to 70.8 million euros compared to 69.3 million euros a year earlier. However the firm saw its loss widen to 4.3 million euros against 2.2 million euros in 2016. Even though exports include the entire range of Haitoglou’s products, the 90-year-old Macedonian Halva is by far the firm’s most popular export, favored by consumers around the globe. Major destination countries include America, Canada, Australia, EU, Russia and markets in the former Eastern Europe, Middle East and Asia. Such performance is regarded as a natural consequence of the company’s continued investment in state-of-the-art equipment, research and development of innovative products, as well as continuous training and staff development.
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
Casino Commercial
Regency Casino Mont Parnes
One of Europe’s most modern casinos
Contact details 46532 Acharnai, Athens, Greece Tel.: +30 210 2421 234 Email: marketing@rcmp.regency.gr Website: www.regencycasinos.gr
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The Greek Casino Mont Parnes is the owner of Regency Casino Mont Parnes, with the Greek State holding a 49-percent-share and the remaining 51 percent held by Athens Resort Casino, which includes private investment schemes. The company offers more than 1,000 direct jobs and has made investments valued at over 150 million euros in the renovation and upgrading of the complex. The construction of a new, ultra-modern cable car and an upgrade of facilities at the lower station cost the firm more than 70 million euros. Regency Entertainment Regency Entertainment SA is the managing company of Casino Mont Parnes. Regency has won the leading position in the field of casinos and hosting services through the operation of three business units: Regency Casino Mont Parnes, Regency Casino Thessaloniki and Hyatt Regency Thessaloniki. At the heart of Regency’s corporate culture is visitor satisfaction through top quality services, as well as preserving its most valuable asset of 2,000 employees. Emphasizing continuous development and security, Regency has earned its international distinction for service quality. An enterprise with a Public Interest ● 49% held by the State. ● 51% held by legal entities. ● Immediate payment of all debts to Public Organizations. ● Supporting employment and sustainability of the Insurance System. ● A major part of revenues is directed to Greece’s tourism promotion programs through the Greek National Tourism Organization (GNTO). ● A fixed pillar of Local Government (Attica Region, Municipality of Acharnes). ● Protection and restoration of the Mt. Parnitha National Park, with more than €600,000 per year. A responsible employer ● Offers about 1,000 jobs. ● Ensures competitive wages and substantial employee benefits. A valuable source of revenue for Greece ● €1.2 billion since 2003 (direct & indirect taxes). ● Over €650 million during Greece’s financial crisis (direct & indirect taxes). ● €1.3 million per year to the Local Government and the Parnitha National Park Management Authority. ● Regency Casino Mont Parnes implements a variety of CSR actions based on three pillars: PeopleEnvironment-Culture. Regency Casino Mont Parnes Regency Casino Mont Parnes is one of Europe’s most modern casinos located at the heart of Mt. Parnitha National Park, 17 km north of Athens, offering a full range of casino services. Leaving a deep, positive footprint, both in the Greek economy and society, Regency Casino Mont Parnes is today one of the Greek capital’s most celebrated landmarks and a key reference point for Athenian entertainment. For Regency Casino Mont Parnes, responsible gaming is not just a legal obligation but a duty to the player and society. For this reason, it applies a Responsible Gaming Code of Conduct, a system of standards and procedures envisaged to ensure that play at the Regency Casino Mont Parnes is conducted under the utmost player safety and protection of the most vulnerable groups. New major investment Regency Casino Mont Parnes plans a further business development through a major investment that will add value to both Attica and the country’s tourism product. The integrated business plan for the relocation of Casino Mont Parnes provides for a total investment of up to 200 million euros, with no funding at all by the State; when in full operation, it will provide some 2,000 direct and indirect jobs. The multiplication of revenue collection for the State from taxes and dividends, as well as an increase in the value of public property combined with visitor attraction from all over the world, open up great prospects for substantial, integrated development in the region of Attica and eliminating environmental consequences on the National Park of Parnitha. In brief, the investment has significant offsets for the public and society: ● Multiple State revenue per year from taxes and dividends. ● Increase in the value of state property, as the facilities in Parnitha will eventually return to State control. Regency Casino Mont Parnes plans to spend an estimated budget of 5 million euros to restore the natural landscape, plus an amount of 1.5 million euros to be paid annually for a five-year period as of the beginning of operation, for National Park protection and cable car maintenance. It is an ambitious project for the Greek economy, with the creation of an integrated pole of tourism and recreation: ● Modern infrastructure and top services. ● One of the most modern casinos in Europe. ● 5-star Hotel. ● Catering and recreation areas. ● Congress and event hosting Halls. ● 8 acres of green, with a park, communal areas and surroundings of high aesthetics.
DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES Agricultural Cooperative of Zagora-Pelion
Distributing the famous starking delicious ZAGORIN apples
FOOD Products Commercial
Contact details Zagora - Pelion, 37001, Greece Tel.: +30 24260-22450 Fax: +30 24260-22950 Email: zagora@otenet.gr / zagorin@otenet.gr Website: https://zagorin.gr/ Facebook: ZagorinApple
The Agricultural Cooperative of Zagora, Pelion, was founded in 1916 in the largest village of Pelion, Zagora, by 199 residents of the region who represented all the social classes. In a wild, yet blessed natural environment, the locals realized very early on that only by working together they could deal with the difficulties associated with the adverse weather conditions, the winter and the lack of road network. However, the region had already a great tradition of seaborne trade. The Cooperative through the years managed to survive administrative and financial adversities, and in 2016 it was the country’s first agricultural cooperative to celebrate its 100th anniversary of continuous operation. Hundreds of innovative and pioneering decisions that have been implemented over the years are recorded in the Cooperative’s historical archives. Since 1985, the trade name “Agricultural Cooperative of Zagora-Pelion” was established. Seventy (70) years after the formation of the Agricultural Cooperative, the trademark «ZAGORIN» made a name for the organization and gave a unique identity to the products. To date, the Cooperative distributes the entire produce by 99% of the cultivators in the Municipal Community of Zagora, part of the Zagora-Mouresi Municipality. The protected designation of origin (PDO) in the main apple variety starking delicious “Apples of Zagora-Pelion”, with the trademark “ZAGORIN,” as well as other local products represent the region throughout the country and abroad. The Cooperative has been actively involved in exports for about four decades.
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
SIDENOR, STOMANA INDUSTRY AND THEIR SUBSIDIARIES
The leading producer of steel products in South East Europe
Industrial
With over 55 years of experience and expertise in steel, Sidenor, Stomana Industry and their subsidiaries are reliable partners offering high quality and innovative solutions to their worldclass customers. Sidenor Group is a leading producer of steel products in South Eastern Europe. Its extensive product portfolio, which includes long and flat steel products, and downstream steel products, is manufactured across 9 facilities in Greece, Bulgaria, Romania and North Macedonia. Project locations span Germany, Romania, the rest of the Balkans, Algeria, Israel and the U.S.A. Sidenor Group is truly a global supplier, providing a range of solutions to the steel sector and catering to the complex needs of clients worldwide. 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 ● s trict adherence to applicable standards and regulations ● i nnovative characteristics, which provide customers and end consumers with added value, and ●e xcellent customer service due to extensive sales and logistics network. 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.
Contact details e-mail: info@sidenor.vionet.gr website: www.sidenor.gr
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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
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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 applications and meets all lowcarbon wire production needs. SBQ-Special Bar Quality steels: Hotrolled round bars (diameter: 22-120mm) and peeled turned and polished round bars (diameter: 30- 115mm) 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 heatresisting 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; ●D ownstream operations for steel product processing; ● Sales and distribution.
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DIAMONDS OF THE GREEK ECONOMY
2019
DISTINGUISHED COMPANIES
ELIPYKA
“We spend our lives within built structures Let’s make them safe against the risk of fire”
Dr. Yannis Kontoulis, President
Contact details Sorou 22, Marousi Attica, 15125 Email: contact@elipyka.org Website: www.elipyka.org
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ELIPYKA, the Hellenic Institute for Fire Protection of Structures, was established in Feb. 2018 by a group of institutions and individuals from the entire spectrum of the building industry, education and even the Fire Brigade, sharing a common vision for the effective fire protection of built structures in Greece, with the following main objectives: ● Complete prevention of or significant reduction in the loss of life and property due to fire in structures, through the formulation and support of fire protection specifications and standards; ● Research, study and proposals submitted to the relevant authorities, containing measures for improvements in current fire protection regulations; ● Participation in public consultation regarding the making of laws, decisions and regulations, directly or indirectly related to the enactment of fire protection specifications, and development of control mechanisms to ensure conformance and compliance (approval and control of implementation of fire protection plans, certification), through the submission of specific proposals and positions; ● Promotion of and contribution to the development of relations and contacts of its members with national and international, public and private institutions, authorities and organizations, as well as interested parties involved in relevant activities. The Hellenic Institute for Fire Protection of Structures (ELIPYKA) offers critical international experience through its members, as well as its collaboration with international organizations with relevant objectives (Confederation of Fire Protection Association Europe (CFPAEurope) in which ELIPYKA is a full member) towards: ● Participation of scientific personnel acknowledged at a global scale and along all the stages of formulating relevant fire protection legislations and their regulatory decisions; ● Briefing and offering of education to engineers in collaboration with institutions regarding the New Fire Protection Regulation; ● Contribution to public awareness in issues related to the Fire Protection of Structures. ELIPYKA membership/participants include: ● Greek and international construction material industries ● Construction systems industries ● Fire protection systems’ companies ● Construction companies ● Insulation companies ● University and Research Center Laboratories ● Fire Brigade Officers with scientific proficiency ● Scientists and Engineers specialized in the fire protection sector
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ENTERPRISE GREECE is the official agency of the Greek State, under the auspices of the Ministry of Economy & Development, to showcase Greece as an attractive destination for investment and to promote the highly competitive products and services produced in Greece for export. Enterprise Greece assists foreign investors and enterprises to do business with Greece, troubleshoots issues related to the public administration, provides key information about Greece as an investment destination and promotes the investment sectors in which Greece excels. In addition, it promotes Greek products and services to the global marketplace, helps Greek businesses reach new markets, find new business partners, and become more competitive and attractive.
109 Vasilissis Sophias Ave. 115 21 Athens, Greece
Tel.: +30 210 335 5700 info@enterprisegreece.gov.gr
www.enterprisegreece.gov.gr
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D I A M O N D S o f t h e G re e k Eco n o my 2 0 1 9
DIAMONDS of the Greek Economy