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| 23/03/2006 |
HELLENIC EXCHANGES HOLDINGS S.A. MOTOR OIL (HELLAS) CORINTH REFINERIES SA ARCADIA METAL IND. C. ROKAS S.A. STELIOS KANAKIS SA ALUMIL MILONAS ALUM. IND. S.A. M. J. MAILLIS S.A. EGNATIA BANK S.A. MARFIN GROUP SA INTRALOT S.A. METKA S.A. S & B INDUSTRIAL MINERALS S.A. FOLLI - FOLLIE S.A. LAMDA DEVELOPMENT S.A. PIRAEUS BANK S.A.
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HELLENIC EXCHANGES HOLDINGS S.A. : Announcement
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| In the framework of the regular events organized by the Association of the Athens Exchange Members (Brokerage Firms), the presentation of Hellenic Exchanges Holding SA (HELEX) was held yesterday. The Company presented the financial statements and the results of the FY2005, as well the Group's strategic goals. |
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MOTOR OIL (HELLAS) CORINTH REFINERIES SA : Announcement
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| It is announced that the year 2005 information bulletin, compiled in the context of article 10 of the Law 3401/2005, is available at the Company` s site www.moh.gr at the option Investor Relations / Annual Report. |
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ARCADIA METAL IND. C. ROKAS S.A. : Announcement
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| On Wednesday, 22 March 2006, a briefing for analysts was organised at the offices of C. ROKAS S.A., to present the most significant developments during the year, and the Group's financial results. The Company was represented by Mr M. Troulis, Chief Executive Officer, Mr G. Rokas, Vice-Chairman of the B.o.D., Mr. C. Thomas, Financial Director, and Messrs S. Camhis and L. Chadjicharalambous, Investor Relations Managers. During the briefing, it was mentioned that 2005 was another successful year for Rokas Group, as the results at year-end were very satisfactory, with respect to both profitability and investment activity, especially in the field of electricity production. The most important event for the Rokas Group during year 2005 was the completion of the acquisition of 49.9% of the share capital of Rokas SA from Spanish company IBERDROLA; the acquisition was completed three years sooner than foreseen by the initial agreement signed in December 2004. In the sector of Electromechanical Works, in 2005 the Company completed the construction of a large section of three bridge cranes for Astakos harbour. It also undertook two new projects for Chalyvourgiki, and the construction of 10 RTGs for the port of Malta, as a subcontractor for Finnish company KONECRANES. In the Energy sector, the Rokas Group was reinforced in 2005, with the establishment of a subsidiary company in Cyprus, and began the construction of new wind parks producing 48.5 MW, of which 3.6 MW are operating on a trial basis in Crete. At the same time, the company continued the development of new wind parks and small hydroelectric plants in Greece, with the aim of achieving the objectives set out in its Business Plan (600MW by 2009). As for the Group's financial results on the basis of International Accounting Standards, 2005 was a year of dynamic development. Turnover amounted to 53.5 million, compared to 30.4 million in 2004, presenting an increase of 76%. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 28.5 million compared to 21.4 million in 2004, presenting an increase of 33%. Earnings before tax (EBT) amounted to 13 million compared to 7.2 million in 2004, showing an increase of 80%, while earnings after tax (EAT) showed an increase of 219%, amounting to 9.4 million at the end of 2005 compared to 2.9 million during year 2004. Finally, reference was made to the fact that, pursuant to the FTSE Dow Jones Industry Classification Benchmark, the Company will fall under the "Utilities" financial activity sector of the Athens Stock Exchange, under the category "Electricity", as of 20 March 2006. Please note that the presentation is available to investors on the Company's website, at www.rokasgroup.gr/ir_roadshow.htm .
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STELIOS KANAKIS SA : Financial results 2005 - Sales increase of 3,54% and profit per share increase of 16,28%
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The Anonymous Company of Industry and Commerce STELIOS KANAKIS, which is activated in the commerce of raw materials of pastry-making, bakery and ice-cream, presented a net profit after taxes increase of 15,93% and a sales increase of 3,54% at the end of the financial year 2005.
According to the Annual Financial Statements for the period from the 1st of January to the 31st of December 2005 (financial year 2005), which were drawn up in respect of the International Standards of Financial and Economical Information, emerge the following:
- The annual turnover arose to Euro 14,252 millions, presenting an increase of 3,54% compared to Euro 13,765 millions for 2004.
- The profits before taxes, financing, investing results and depreciations (EBITDA) arose to Euro 1,87 millions compared to Euro 1,86 millions for 2004.
- The profits before taxes arose to Euro 1,508 million from Euro 1,498 million for 2004
- The profits after taxes increased significantly by 15,93% and arose to Euro 936,753 thousands from Euro 808,029 thousands for the precedent year.
The significant increase of the net profits after taxes, compared to 2004 is principally due to the following factors (elements):
a) the decrease of the tax rate regarding the anonymous companies for 2005 and
b) the fact that during the year 2004 taxes were imputed from the completion of the regular tax control (fiscal years 1999-2002 136.435 Euro) more than to the year 2005 (fiscal years 2003-2004 80.375 Euro).
It must be noted in particular that the net profit per share was improved by 16,28% and arose to Euro 0,15 from Euro 0,129 for 2004. The situation of the operational cash flows was positive, element that proves and demonstrates the ability of the company to procure cash and to preserve monetary cash in hand, in order to finance the development and the aggressive commercial policy, which is focused to its further penetration in the Greek and international markets (Cyprus, Balkan Countries). The investments arose to Euro 944,238 thousands and were financed by cash in hand and bank loans. With the aforementioned investments, the construction of the new privately owned storage spaces and offices in the Industrial Zone (VIPE) of Sindos in Thessaloniki has been completed. This investment, as the management points out, is incorporated to the planning of the company regarding its expansion in the market of Northern Greece. The aforementioned new commercializing center which the company created in the area of Thessaloniki contains storage spaces of controlled temperature, freezers and offices, of total area 2.004 square meters, in a plot of 10.150 square meters, whereas its operation will be oriented (conducted) to the general commercial and organizational philosophy of the company. The net position of the company arose to 11,328 million Euros and the liabilities sum did not exceed 4,22 million Euros. The Anonymous Company of Industry and Commerce STELIOS KANAKIS, a leading company in the field (branch) of commerce of raw materials of pastry-making, bakery and ice-cream, registered its shares in the Athens Stock Exchange on July 2002. Since that date and up to the year 2005, the company presents constant increase of its sales and profits. |
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ALUMIL MILONAS ALUM. IND. S.A. : Program of intended corporate actions
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ALUMIL MILONAS - ALUMINIUM EXTRUSION INDUSTRY, announces the following:
Announcement date for the 2005 annual financial statements: Friday, March 31st, 2006.
2005 Annual General Shareholders' Meeting date: Thursday, June 22nd, 2006.
Ex-dividend date: Monday, July 24th, 2006.
Dividend payment date: Tuesday, August 1st, 2006. Payment shall be accomplished through a financial intermediary. Details relatively to the payment will follow in another company announcement. |
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M. J. MAILLIS S.A. : Preseentation of M.J.MAILLIS GROUP at the ASSOCIATION OF GREEK INSTITUTIONAL INVESTORS
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Mr. Michael J. Maillis, the Chairman and Managing Director of M.J.MAILLIS Group, Mr John Kourouglos, Group COO and Mr Charalampos Stavrinoudakis, Group CFO, presented today at the Association of Greek Institutional Investors the Group's results for 2005 and the goals and prospects for 2006-2007. The years 2004 and 2005 were characterised by unprecedented fluctuations in the supply and demand for steel, mainly due to China, as well as plastics raw material. The shortages, the price hikes and the overstocking of 2004 were followed by a sharp downward correction in demand, destocking and price decline with the well-known adverse consequences in the profit margins of the steel related industries. In the first months of 2006 supply and demand for steel and plastics is normalising and so are prices, setting the stage for improved market conditions and quite optimistic prospects for the Group going forward. The growth of the US operations is expected to have a significant contribution, especially after the completion of the investment in the first half of 2006.
The major priorities of the Group for the years 2006 -2007 are:
- further significant improvement in cash flow and reduction of debt
- organic growth
- investments in the fast growing segments of plastic packaging materials (PET strap, film)
- the finalisation of restructuring and rationalisation projects aiming at improving the Group's cost base
For more information, please contact our Group' s Investor Relations Department (Mrs. Alexandra Konida, Group Treasury & Investor Relations Director, tel. 210-6285000 or e-mail: alexandra.konida@maillis.gr) |
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EGNATIA BANK S.A. : Strategic collaboration V. THEOCHARAKIS - MARFIN, common goal is the oncentration of power in the MID-SIZE BANK MARKET
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The Board of Directors of EGNATIA BANK through its President and major shareholder Mr. V. Theocharakis officially announces the following:
Mr. V. Theocharakis and the other major shareholders of EGNATIA BANK, following the analysis of various honoring offers, have decided to accept MARFIN FINANCIAL GROUP's offer for a strategic collaboration with the common goal of concentrating powers in the mid-size bank market. Following this, EGNATIA BANK's major shareholders will facilitate the greater participation of MARFIN in the shareholding base of the Bank through the sale of a number of common shares so that MARFIN's final total holding will range from a minimum of 34% to a maximum of 49% of total common shares.
In the framework of this absolutely equal collaboration between Mr. V. Theocharakis and MARFIN decisions with regard to a number of matters, which are being today discussed and analysed in detail, will be announced in time. These matters are the following:
1. Reshuffle of the Board of Directors of EGNATIA BANK always under the presidency of Mr. V. Theocharakis.
2. Amount and conditions of the share capital increase of EGNATIA BANK with maintenance of the preemptive rights of the old shareholders.
3. Possible review of EGNATIA BANK's business plan.
4. Terms and conditions under which EGNATIA will expand through buy-outs and mergers so that in collaboration with MARFIN a significant concentration of powers will be achieved in the mid-size bank market.
The transfer of shares to MARFIN is expected to have been completed within 5 working days at a price of Euro 6,30 per share. The above agreement will become effective under the condition that it will be concurred by the relevant Greek supervisory authorities. |
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MARFIN GROUP SA : Announcement
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Marfin Financial Group announces the following:
After the perusal of several particularly flattering proposals, Mr. V. Theoharakis and the other basic shareholders of EGNATIA BANK decided to accept the proposal of Marfin Financial Group for strategic alliance targeting the consolidation in the mid cap banks in Greece. In accordance with the agreement. basic shareholders of EGNATIA will facilitate MARFIN to acquire more shares in EGNATIA by selling a number of common shares so that the final percentage of Marfin will end up being min. 34% and max 49% of the total.
In the context of the alliance between Mr. V. Theoharakis and MARFIN, several announcements will follow in due time on the several issues which are today under detailed discussion and consideration, namely:
1. Restructuring of the Board of Directors of EGNATIA BANK under the chairmanship of Mr. V. Theoharakis.
2. The amount and the terms of a share capital increase of EGNATIA with priority rights in favor of the existing shareholders.
3. The eventual restructuring of the business plan of EGNATIA and,
4. The terms and conditions of EGNATIA's expansion through mergers and acquisitions in cooperation with MARFIN, in order to achieve a sizable consolidation in the mid cap banks in Greece.
The transfer of the shares to MARFIN is expected to be completed within 5 working days at the price of Euro 6,30 per share.
In relation to the above agreement the Vice Chairman of MARFIN F.G. Mr. A. Vgenopoulos issued the following statement:
"It is very honoring that Mr. V. Theoharakis selected us as an equal strategic partner. I wish to thank him very much in public and promise that we will work very hard by his side in order to serve and advance the interests of the shareholders, personnel and customers of EGNATIA BANK". |
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INTRALOT S.A. : INTRALOT S.A. announces its Financial Results for the 12-Months Ended December 31st, 2005
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METKA S.A. : Announcement
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It is announced that the company, according to the para.5 of the Article 1 of the Presidential Decree 82/1996, intends to participate either itself or as a Consortium member to the process of undertaking projects from the Public Sector that fall into the clauses of the Article 8 of the Law 3310/2005, as modified and supplemented by the Law 3414/2005 and the Presidential Decree 82/1996 as it is valid.
Specifically, the company intends to participate to the Enquiry DYPM - 40503, announced by Public Power Corporation (P.P.C.), for the project "Engineering, supply of equipment and erection of one (1) transmission substation 150 KV/20KV, type GIS in Heraklion, Crete".
The submission date is the 6th April 2006.
The budget of said Enquiry amounts to Euro 7.500.000,00 (VAT excluded).
It is also announced by the company, that according to the clauses of the Article 8 of the Law 3310/2005, in combination to the Article 1 of the Presidential Decree 82/1996, as they are valid, the societes anonymes' shareholders must submit to our company all data required by the above clauses that certify their conformity to these clauses regarding their nominal shares. Finally, it is noted that non compliance of Societes Anonymes - shareholders of our company to the above, bears consequences provided by Article 2 , para.2 & 3 of the above P.D.82/96 about deprivation of the following: a)presentation and voting rights in the company's General Meeting and b) of any kind of property rights derived by their shareholding, up to their full conformity to the above obligations.
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S & B INDUSTRIAL MINERALS S.A. : Full Year 2005 Results
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Consolidated net profits of S&B Industrial Minerals S.A. reached Euro 25.15m up by 47.1%, in comparison to 2004 (Euro 17.09m). Earnings before tax increased by 32.8% (Euro 37.38m versus Euro 28.15m in 2004). S&B Group sales increased by 12.5% compared to 2004, reaching Euro 419.84m. In the Industrial Minerals Activities (representing 80% of Group sales) consolidated sales increased by 18.2%, generating sales of Euro 335.23m. EBITDA amounted to Euro 55.74m, showing an increase of 16.5%. Net profits increased by 27% and reached Euro 17.71m. Apart from the full-year integration of Stollberg (acquired in June 2004), in the Industrial Minerals Activities, organic growth was achieved in all mineral divisions with emphasis: in the pelletising, civil engineering and paper markets for Bentonite; in raw graded Perlite in Europe and North America and expanded perlite in Greece, Bulgaria & Spain; while Bauxite production and sales reached a ten-year record level. Despite the drop in steel production in Europe and North America which had an impact ïn the Continuous Casting Fluxes, market shares increased in the up-coming markets of Eastern Europe and significant investments were made in China to follow the growing demand of the Chinese steel industry. Profitability in the Industrial Minerals Activities was contained by increased transportation, fuel and raw material costs. In the Commercial Activities sector (MOTODYNAMICS S.A. and ERGOTRAK S.A.) total turnover stood at Euro 85.07m in comparison to Euro 89.89m in the Olympic year 2004. The slowdown in sales is mostly due to a retreat of sales in the motorbikes and the earth-moving equipment segments in Greece. Dynamic expansion in the Balkan region, of MOTODYNAMICS S.A. in particular, with significant investments for the development of subsidiaries in Bulgaria and Romania, increased operating expenses. As a result EBITDA amounted to Euro 5.26m (compared to Euro7.56m in 2004) and profits stood at Euro 2.86m, down by 29.3% from the previous year.
A significant contribution to the Group s net profits was made by the sale, at the end of 2005, of S&B s stake (45%) in A.B.C. KALYFTAKI S.A., owner of the building complex where S&B s headquarters are situated. This move is part of S&B s objective to maximize returns from the Group s investment properties. The use of the building was secured through a long-term lease as part of the transaction.
S&B s Chief Executive Officer, Mr. Efthimios Vidalis commenting on the financial results for 2005 noted: 2005 was an important year for the S&B Group as, apart from the very good financial results, we also redefined the Company s objectives and vision, and we accelerated our collective efforts towards becoming one of the leading industrial minerals companies worldwide. Our existing market positions were strengthened and, I believe that 2006 will mark an improvement in margins and overall performance. Based on the strength of our existing activities, in 2005 we pursued, in depth, a series of development targets which we hope to realize in 2006. S&B Industrial Minerals S.A. Board of Directors decided to recommend to the Annual General Assembly of Shareholders which is scheduled for the1st of June 2006, a cash dividend of Euro 0,27 per share.
Full year 2005 financial results presentation to analysts will take place after the end of trading of the Athens Exchange. A relevant presentation will be available from the company s website at www.sandb.com.
S&B Industrial Minerals S.A. is a multinational Group of companies, its purpose being to provide innovative industrial solutions by developing and transforming natural resources into value creating products. Utilizing the multiple properties of industrial minerals, S&B offers a portfolio of customized solutions for a broad range of applications (including foundry, steel-making, construction & building materials, metallurgy and horticulture), operating responsibly and adhering to the sustainable development principles of the triangle: economy, society, environment. It holds leading positions in its main sectors (bentonite, perlite, bauxite and casting fluxes). S&B was established in Greece in 1934, is listed on the Athens Stock Exchange, is active in 21 countries across 5 continents, it has a Group turnover of Euro 420 million, and employs around 2,200 people worldwide. For more information, please visit S&B s website at the address www.sandb.com.
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FOLLI - FOLLIE S.A. : Company Preseentation
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LAMDA DEVELOPMENT S.A. : Mr Odisseas Athanassiou is appointed CFO for LAMDA Development
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| LAMDA Development announces that Mr Antonios Kaffas resigned from the position of CFO and will leave the company as of 24/3/2006. From that same day, Mr Odisseas Athanassiou is appointed CFO for LAMDA Development. Mr Odisseas Athanassiou has held senior management positions in Greece and abroad. Over the last 3 years he had the position of Finance Director, Greece, in cement company, Titan. He has also held the positions of CFO-Western Europe for Barilla, based in Paris and CFO Greece-Turkey hub for Diageo Hellas. In these companies, he was also a member of the B.O.D. In his 8-year career in the U.S., he worked for Ernst & Young and Emerson Electric. Mr Odisseas Athanassiou has a degree in Economics from the Athens University and a MBA in Finance and Accounting from the University of Texas. |
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PIRAEUS BANK S.A. : Announcement
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| In compliance with the provision of article 2, par. 2(c) of the HCMC decision no. 3/347/12.7.2005, Piraeus Bank S.A. announces that, through the obligatory public offering launched for the acquisition of up to 100% of the share capital of the company "Euroinvestment & Finance Public Ltd", based in Nicosia, Cyprus, and listed on the Cyprus Stock Exchange, the Bank has increased its equity stake in the above company from 81.87% to 85.00%.
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