 |
|
| Listed Companies' Press Releases |
 |
|
Press Search |
Monthly Press
|
|
| 28/08/2008 |
KLEEMANN HELLAS S.A.
TITAN CEMENT COMPANY S.A.
S & B INDUSTRIAL MINERALS S.A.
EUROPEAN RELIANCE GEN. INSURANCE CO. S.A.
TERNA ENERGY S.A.
ALAPIS S.A
SPRIDER STORES S.A
SPRIDER STORES S.A
SINGULARLOGIC S.A.
ALAPIS S.A
TELETIPOS S.A.
Forthnet S.A.
HELLENIC TELECOM. ORG.
PUBLIC POWER CORPORATION SA
GR. SARANTIS S.A.
ALUMIL MILONAS ALUM. IND. S.A.
GLOBAL NEW EUROPE FUND
GLOBAL NEW EUROPE FUND
MOTOR OIL (HELLAS) CORINTH REFINERIES SA
CENTRIC MULTIMEDIA S.A.
EUROMEDICA S.A.
ELASTRON S.A.
SINGULARLOGIC S.A.
CÇ. ROKAS S.A.
GR. SARANTIS S.A.
AUTOHELLAS S.A.
PIRAEUS REAL ESTATE INVESTMENT COMPANY
S & B INDUSTRIAL MINERALS S.A.
MARFIN POPULAR BANK PUBLIC CO LTD
SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA
HELLENIC DUTY FREE SHOPS S.A.
M. J. MAILLIS S.A.
MARFIN POPULAR BANK PUBLIC CO LTD
GENERAL BANK OF GREECE S.A.
HELLENIC EXCHANGES S.A. HOLDING
ASPIS BANK S.A.
SPRIDER STORES S.A
MICHANIKI S.A.
SPRIDER STORES S.A
HERACLES GENERAL CEMENT COMPANY S.A.
NAT. BANK OF GREECE SA
NIREUS S.A.
MYTILINEOS HOLDINGS S.A.
FOLLI - FOLLIE S.A.
|
|
KLEEMANN HELLAS S.A. : Press Release.
|
The Kleemann group has reported strengthening of its financial figures for the 6-month period of 2008, despite the international economic crisis which creates side effects for the construction and housing markets.
Specifically, according to the Financial Statements of the first 6-month period, the consolidated turnover amounted to euro 58.33 million against euro 51.16 million, presenting an increase of 14,0%. Consolidated profit before tax, interest and depreciation (EBITDA) improved from euro 9.46 million to euro 10.76 million that is to say by 13,7%, while consolidated profit after tax increased by 6,8% amounted to euro 6.48 million. Profit before taxes amounted to euro 8.74 million against euro 8.20 million the equivalent period of last year, presenting an increase of 6,6% and profit after tax and minority rights increased by 0,4%, from euro 5.58 million to euro 5.60 million.
Respectively, earnings before interest, tax, depreciation and amortization (EBITDA) of the parent company amounted to euro 8.03 million, improved by 4,0%. Profits before taxes amounted to euro 6.59 million as compared to euro 6.78 million, showing a decrease of 2,8% and net profits after taxes amounted to euro 4.98 million, worsened by 1,8%. The turnover of the parent company amounted to euro 51.06 million, increased by 9,8%.
It should be mentioned that, based on the most recent directive of the HCMC (no 1/480/24.07.2008) affecting all quoted companies, the group for the first time has estimated a provision for tax audit that burdened the group results by euro 171 thousands and the company results by euro 145 thousands. If this provision was not made, the consolidated profit after tax would show an increase of 9,6%, profit after tax and minority rights an increase of 3,3% and profit after tax for the company would increase by 1.0%.
EXTROVERSION
The group's efforts regarding the strengthening of its extroversion had profound results. More than 36,3% of the parent sales originate from export activity. The group followed an aggressive commercial policy both in the existing and in new developing markets. As a result, the extrovert orientation of the group has increased since 43,7% of the consolidated turnover is being realised abroad. It is worth noticing the contribution of the majority of the subsidiary companies both in terms of profitability and the overall improvement of the group financial figures.
TARGETS
The strategic targets of the management are the maintenance and enforcement of the leading position of the group, both in the Greek and European market, as well as its further expansion and the improvement of products and services offered. Based on investment in technology and specialized human recourses, the group continues, for 2008, the implementation of its strategy with main axes the quality, innovation, speed and flexibility. Within this context, the group has already started carrying out a three-year period (2007-2009) investment plan of approximately euro 16,50 million.
Despite the adverse international financial environment, the perspectives of the group for 2008 remain positive, following the trend set by the first two quarters of 2008, and they are based on the fact that Kleemann constitutes a group with modern infrastructure, strong capital structure, close collaboration with its clients, excellent reputation and an international position in the elevators market.
|
|
TITAN CEMENT COMPANY S.A. : Purchase of own shares.
|
|
TITAN CEMENT COMPANY S.A. announces that on 27.8.2008, the Company purchased 20,000 common and 30 preference own shares, against an average purchase price of Euro 25.29 and Euro 19.90 per share and a total purchase price of Euro 505,871.60 and Euro 597.00 respectively, in implementation of decision dated 20th May 2008 of the Annual General Meeting of Shareholders and resolution dated 20th May 2008 of the Board of Directors. The above 20,000 common and 30 preference own shares purchased through Alpha Finance.
|
|
S & B INDUSTRIAL MINERALS S.A. : Share Buy back
|
|
S&B Industrial Minerals S.A. announces in accordance with article 4 par.4 of Commission Regulation no 2273/2003 of the European Communities, that the Company has proceeded to the purchase of own shares, pursuant to the decision of the Annual General Meeting of Shareholders dated 14th May 2008 and the resolution of the Board of Directors dated 8th April 2008, as follows :
On 27.08.2008, the Company purchased 563 shares, with an average purchase price Euro 8,99 per share and a total purchase price Euro 5.063,00
The above 563 shares were purchased through Alpha Finance.
|
|
EUROPEAN RELIANCE GEN. INSURANCE CO. S.A. : Announcement of regulated information according to the law 3556/2007
|
|
EUROPEAN RELIANCE S.A. (the Company) announces, én accordance with the provisions of Laws 3340/2005 and 3556/2007, of Decision 1/434/3.7.2007 and Circular Nr 33 of the Hellenic Capital Market Commission that on 26st August 2008, the Managing Director Mr. Christos Ioannis Georgakopoulos, bought 2.000 common shares of the Company of total value Euro 4.508,89
|
|
TERNA ENERGY S.A. : Announcement according to Law 3556/2007
|
| The company "TERNA ENERGY S.A." announces that, according to the article 21 of Law 3556/2007 and the article 11 of the Decision No. 1/434/3.7.2007 of the Capital Market Committee, Mr. Konstantinos Dimopoulos, Financial Manager of the Company (Obligated Person, according to article 13 of Law 3340), proceeded to the purchase of 500 common nominal shares on 27/8/2008, of total value of 3,010.00 euro. |
|
ALAPIS S.A : Consolidated Financial Results H1 2008
|
| Consolidated Financial Results H1 2008 |
|
SPRIDER STORES S.A : Press Release
|
| See the Press Release. |
|
SPRIDER STORES S.A : Announcement
|
| SPRIDER STORES announces that the IR Release concerning the financial statements of the period from January 1, 2008 to June 30, 2008 is posted on the corporate website at the address www.spriderstores.com and on the website of the Athens Exchange at the address www.athex.gr.
|
|
SINGULARLOGIC S.A. : Notification of transaction by persons under the obligation stipulated in article 13 of Law 3340/2005.
|
SingularLogic S.A. announces in accordance to Law 3556/2007, Decision 1/434/03.07.2007 of CMC and Law 3340/2005 (article 13) that Marfin Investment Group (legal connected entity which is connected with Mr.Ioannis Karakadas Chairman and Managing Director),contacted the following transaction:
-acquired on 27/08/2008, 14.099 common shares, with a total value of 37.848,47 euro.
|
|
ALAPIS S.A : Announcement
|
| The company ALAPIS S.A. announces according to article 286 of ATHEX Regulation, that the IR RELEASE with the H1 2008 financial results can be viewed on its website, www.alapis.eu and on ASE's website www.ase.gr.
|
|
TELETIPOS S.A. : Announcement
|
Following the announcements of 01.11.2007 and 15.04.2008, "Teletypos S.A." notifies that, on 27.08.2008, "Teletypos Cyprus Ltd", a 100% subsidiary of "Teletypos S.A.", sold its participation in the share capital of the Dutch company "Netmed N.V." to "Forthnet Holdings S.A.", a 100% subsidiary of "Forthnet S.A.".
This transfer took place according to the terms and after the fulfillment of the conditions related to the 14.04.2008 selling agreement, and the value of the transfer of Teletypos Cyprus Ltd's participation amounted to 53.870.400 euros.
|
|
Forthnet S.A. : ANNOUNCEMENT
|
Forthnet S.A. ("Forthnet") announces that, on 27 August 2008, it completed the acquisition of all shares in NetMed N.V. and Intervision (Services) B.V. (the "Acquisition") through its 100% subsidiary, Forthnet Media Holdings S.A. ("FMH"), against payment of a total consideration of 491,653,113 Euro.
In addition, at completion of the Acquisition, three commercial agreements were entered into among members of the group of Naspers Limited and NetMed Hellas S.A., Multichoice Hellas S.A., Intervision (Services) B.V., Multichoice Holding (Cyprus) Limited and Multichoice (Cyprus) Public Company Limited now controlled by Forthnet in connection with, as applicable, the acquisition of the "Nova" trade mark, the granting of licence for the use of trade marks and domain names and the provision of services, to ensure their smooth commercial operation following completion of the Acquisition.
Moreover, at completion of the Acquisition, the relevant corporate bodies of NetMed N.V., Intervision (Services) B.V. and the direct and indirect domestic and international subsidiaries of NetMed N.V. held an extraordinary session and elected new members of their Board of Directors who are coming mainly from Forthnet's staff.
As already announced, the funds for the payment of the total consideration of the Acquisition derived from the increase of Forthnet's share capital, which was recently completed, and the partial issuance of the bond facility amounting to 200,000,000 Euro by FMH, which were subscribed by National Bank of Greece, Alpha Bank, ATE Bank and Millennium Bank.
This announcement is made in accordance with Law 3340/2005, the decision 3/347/12.7.2005 of the Board of Directors of the Capital Market Commission and the Rule Book of the Athens Exchange.
|
|
HELLENIC TELECOM. ORG. : OTE GROUP REPORTS 2008 SECOND QUARTER RESULTS
UNDER IFRS
|
| OTE GROUP REPORTS 2008 SECOND QUARTER RESULTS
UNDER IFRS |
|
PUBLIC POWER CORPORATION SA : CONSOLIDATED 1H 2008 FINANCIAL RESULTS.
|
| Press Release |
|
GR. SARANTIS S.A. : Purchase of own shares
|
| In effect of the article 4, paragraph 4 of the 2273/2003 Regulation of the European Commission, the company GR. SARANTIS S.A. announces that according to article 16, Law 2190/1920, and based on the Shareholder's EGM which took place on the 02/06/2008 and the Board of Directors resolution dated 24/07/2008, during the trading session of 27/08/2008, acquired 5.000 own shares through 'INVESTMENT BANK OF GREECE S.A.' at an average price of 9,28 euro per share worth of 46.400 euros.
|
|
ALUMIL MILONAS ALUM. IND. S.A. : First Half 2008 Financials' Announcement
|
First Half 2008 Financials' Announcement
1H 2008 Group results: sales grew by 2.3%, gross profits increased by 20.1% and net earnings by 5.4%, mainly due to increased demand for the Group?s products and the international expansion strategy where high net worth products hold a leading role.
"ALUMIL MILONAS - ALUMINIUM EXTRUSION INDUSTRY S.A. " administration announces growth in sales, as well as in gross and net profitability for the first half of 2008 due mainly to its international presence. Group financials, compared to competitors domestically and internationally, revealed once again Group dynamism and prospects in forthcoming years. In particular, Group presented an increase in sales by 2.3%, reaching 141 m. euro, compared to 137.8 m. euro in 1H '07.
Gross profits grew by approximately 20.1%, reaching 37.6 m. euro, compared to 31.3 m. euro in 1H '07, while adjusted EBITDA (excluding grants' depreciation), increased by 5.8%, reached 21.9 m. euro, compared to 20.7 m. euro for 1H '07. Earnings before taxes decreased by 3.5%, reached 9.1 m. euro, compared to 1H '07 (9.5 m. euro). Group net earnings (after taxes and minority interests) increased by 5.4% compared to 1H '07 reaching 6.8 mil. euro (6.4 mil. euro in 1H '07). Earnings per share reached 0.21 euro (0.22 euro for 1H '07). Results are viewed as clearly satisfactory by the administration, given the overall unfavorable economic conditions in Greece and the European Union.
Group investments for the current period reached 6.6 m. euro, related to upgrade of machinery and purchase of complementary equipment in Kilkis, Xanthi, Komotini, Serbia, Albania and Romania production sites.
Regarding parent company financials, 1H '08 turnover decreased by almost 7.4%, to 106 m. euro, compared to 114.5 euro in 1H '07 mainly due to the fact that part of Parent company "ALUMIL MILONAS S.A" towards its subsidiaries' in Bulgaria and Romania were resumed by Greek subsidiary "ALUNEF S.A." because of its favourable location. EBITDA (excluding grants' depreciation), decreased by 4.5% to 8.5 m. euro, compared to 1H '07 (8.9 m. euro approximately). Earnings before taxes decreased by 43.5%, to 2.7 m. euro, compared to 1H '07 (4.8m euro) and net earnings after taxes decreased by 50%, to 1.7 m. euro, compared to 3.8 m. euro of 1H '07, mainly due to the increase in financial expenses caused by the increase in interest rates and the increase in transport expenses caused by the increase in international oil prices.
Data and Information of the Financial Statements are published on Thursday, August 28th, 2008, in the Hellenic financial newspaper "NAFTEMPORIKI". Aforementioned data are also available in the Alumil web site, www.alumil.com, along with the complete Financial Statements' report and the corresponding announcements.
-------------------
ALUMIL is ranked among the largest aluminium extrusion and profiles production private European groups (No 1 in Greece since 2000) establishing production sites, large sales networks and warehouses for products targeting architectural & industrial use, shipbuilding, transportation, etc. With 26 subsidiaries, 20 of which are spread throughout Europe, Africa and the Middle East, ALUMIL provides production sites in four Hellenic industrial areas, Romania, Bulgaria, Serbia, Bosnia and Albania. ALUMIL has successfully infiltrated into 45 markets in Europe, the Balkans, the M. East and in the U.S.A. A significant competitive advantage remains its widespread sales network in Greece and in every client-country. Parent company was founded in 1988 and since 1998 is listed in the Athens Stock Exchange. Included eight times in GrowthPlus' Europe's 500 for its contribution to the European economy, ALUMIL Group sales surpassed 287 m. euro in 2007, while EBITDA reached 43 m. euro.
|
|
GLOBAL NEW EUROPE FUND : Announcement of regulated information of the Law 3556/2007 - Notification regarding significant changes in voting rights
|
| The company "Global New Europe Fund Portfolio Investments SA" announces that, according to the provisions of the Law 3556/2007 (article 9), the Decision 1/434/3.7.2007 and the Circular 33 of the Hellenic Capital Market Commission, on the 27th of August, 2008 received notification from the company "GLOBAL FINANCE INTERNATIONAL LTD" according to which on the 26th of August, 2008 the last acquired through a pre agreed block trade 1.299.400 common registered shares with voting rights of the company "Global New Europe Fund Portfolio Investments SA". As a result of the above acquisition "GLOBAL FINANCE INTERNATIONAL LTD" holds 7,95% of the share capital of "Global New Europe Fund Portfolio Investments SA" and 7,95% of the total voting rights of "Global New Europe Fund Portfolio Investments SA".
|
|
GLOBAL NEW EUROPE FUND : Announcement of regulated information of the Law 3556/2007 - Notification regarding significant changes in voting rights
|
| The company "Global New Europe Fund Portfolio Investments SA" announces that, according to the provisions of the Law 3556/2007 (article 9), the Decision 1/434/3.7.2007 and the Circular 33 of the Hellenic Capital Market Commission, on the 27th of August, 2008 received notification from the company "GLOBAL FINANCE SA" according to which on the 26th of August, 2008 the last sold through a pre agreed block trade 1.299.400 common registered shares with voting rights of the company "Global New Europe Fund Portfolio Investments SA". As a result of the above sale "GLOBAL FINANCE SA" holds 0 % of the share capital of "Global New Europe Fund Portfolio Investments SA" and 0 % of the total voting rights of "Global New Europe Fund Portfolio Investments SA".
|
|
MOTOR OIL (HELLAS) CORINTH REFINERIES SA : Announcement in the context of Law 3556/2007.
|
| It is hereby announced that on August 27th, 2008, Mr. Demosthenes N. Vardinoyannis, Non-Executive BoD Member (person obliged to acknowledge his Stock Exchange transactions on the Company's shares, according to article 13 of Law 3340/2005), bought 689 Company shares of total value euro 8,943.22.
|
|
CENTRIC MULTIMEDIA S.A. : ANNOUNCEMENT REGARDING THE 6M 2008 RELEASE DATE
|
|
CENTRIC MULTIMEDIA S.A. announces that Data and Information of A? Semester 2008, will be published on Friday, August 29 th 2008 in the newspapers KATHIMERINI and NAFTEMPORIKI and will also be posted according to the article 5 of the law 3556/2007 as integral part of the Financial Report of 'A Semester 2008, on the company's website (www.centric.gr) and on the website of Athens Stock Exchange Market (www.ase.gr)
|
|
EUROMEDICA S.A. : Release of Q2 2008 financial results
|
| EUROMEDICA S.A. hereby informs the investing public and shareholders that the condensed Interim Financial Statements of the Company for Q2 2008, shall be published in the newspaper KERDOS on Sunday, August 31, 2008. The aforementioned statements shall also be posted, on the same day, on the website of the Athens Exchange (www.athex.gr) and the Company's website www.euromedica.gr
|
|
ELASTRON S.A. : PRESS RELEASE
|
| See the press release. |
|
SINGULARLOGIC S.A. : Announcement regarding the 6M release date.
|
| SingularLogic announces that the Financial Data and Information of the period 01.01.2008 - 30.06.2008 will be published in "IMERISIA" & "KATHIMERINI" on Saturday, August 30, 2008. The first half Financial Statements of 30.06.2008 will be available through the company's internet site www.singularlogic.eu as well as through the site of the Athens Stock Exchange www.ase.gr after stock exchange closing on Friday, August 29, 2008.
|
|
CÇ. ROKAS S.A. : Announcement
|
For the complete information of the investment public, C. ROKAS S.A. announces that it will release its financial statements and information for the period 01.01 - 30.06.2008 (H1 2008), on Friday, 29 August 2008 to the newspapers KERDOS and HMERISIA.
The above financial statements and information, the semiannual financial report for the period 01.01 - 30.06.2008 (H1 2008), as well as the respective press release will be posted on the company's website (www.rokasgroup.gr) and the Athens Exchange website (www.ase.gr), at the release date.
|
|
GR. SARANTIS S.A. : ANNOUNCEMENT OF REGULATED INFORMATION ACCORDING TO THE LAW 3556
|
| The company GR. SARANTIS S.A. announces, according to the article 21 of the L.3556/2007 and the article 11 of the Hellenic Capital Market Commission decision 1/434/3.07.07 that Mr. Kyriakos Sarantis son of Pantazis, Vice Chairman of the BoD and Chief Executive Officer of the Company, proceeded on 27/08/08 to the purchase of 5,000 (five thousand) common shares at the price of 9.28 euros (nine euros and twenty eight cents) of total value 46,400 euros (forty six thousand four hundred euros).
|
|
AUTOHELLAS S.A. : Announcement
|
|
AUTOHELLAS S.A. announces, in acordance to the provisions of law 3556/2007, that on the 27th of August 2008, shareholder and President of the Board of Directors Theodore E. Vassilakis (person obliged to notify pursuant to law 3340/2005), bought 3,992 shares of Autohellas S.A. at the total value of euro 9,341.28.
|
|
PIRAEUS REAL ESTATE INVESTMENT COMPANY : Announcement of regulated information according to Law 3556/2007
|
|
"Piraeus Real Estate Investments S.A." announces that on August 27th, 2008 "Piraeus Bank" acquired in the Athens Exchange 1.000 common shares of Piraeus Real Estate Investments S.A. for the aggregate amount of Euro 1.714,00. Piraeus Bank is, pursuant to the provisions of Law 3340/2005, a related legal entity with Mr. Theodoros Pantalakis son of Nikolaos, Chairman of the Board of Directors of Piraeus Real Estate Investments S.A. (Non Executive Member) and Vice Chairman and Managing Director of Piraeus Bank.
|
|
S & B INDUSTRIAL MINERALS S.A. : First Half 2008 Financial results of S&B Industrial Minerals
|
For the Continuing Operations, which are the basis for the like-for-like comparison between first half 2008 and 2007, consolidated sales for the period January-June 2008 reached euro 237.1 million, increased by 16.4% in comparison to euro 203.8 million of the corresponding period of 2007. EBITDA profits from these activities receded marginally, by 3.5%, to euro 35.3 million from euro 36.6 million in 2007, despite the sharp increases in several macro-economic cost elements. Operating profits were lower by 5.8% to euro 22.0 million from euro 23.4 million and net profits (after taxes) amounted to euro 10.4 million, down by 27.0% from the corresponding euro 14.2 million of 2007.
For the total S&B Industrial Minerals S.A. Group of companies, including Continuing and Discontinuing Operations, in the first half of 2008 consolidated sales were euro 249.2 million versus euro 264.9 million in the corresponding period of 2007 (-6.0%). Operating profits stood at euro 22.4 million compared to euro 27.6 million in the previous year (-18.9%) and net profits (after taxes) amounted to euro 12.8 million from euro 17.2 million (-25.7%). It is noted that the Discontinuing Operations for the first half of 2007 include both the amounts of the carved-out, with effect from 31/12/2007, commercial subsidiary Motodynamics S.A. and of the other commercial subsidiary Ergotrak, while for the first half of 2008 they include only the amounts of the latter, the sale of which was completed within July 2008.
Financial Highlights of S&B Group - first half 2008
Sales: euro 249.2 million (compared to euro 264.9 million in the first half of 2007)
Gross profit: euro 58.1 million (compared to euro 70.1 million in the first half of 2007)
EBITDA: euro 35.9 million (compared to euro 41.3 million in the first half of 2007)
Profit before tax: euro 20.3 million (compared to euro 24.8 million in the first half of 2007)
Net profit: euro 12.8 million (compared to euro 17.2 million in the first half of 2007)
Profit after tax and minority interests: euro 12.7 million (compared to euro 16.1 million in the first half of 2007)
The strong top line increase in the Continuing Operations, which cover the industrial mineral activities on which the S&B Group is now focused, is the result of both healthy organic growth in all divisions except for Perlite and the first time consolidation of CEBO's sales, which was acquired effective May 2007, and those of The Hill & Griffith Company, acquired in October 2007.
Commenting on the results of the first half of 2008, S&B's CEO Efthimios O. Vidalis stated: "The international economic environment is becoming more challenging as uncertain prospects are combined with mounting inflationary pressures. However, the demand for natural resources on which the S&B Group is focused remains solid. We are satisfied that during the first half we completed the Group's organizational realignment absorbing all related costs, and are now focused on our natural resources growth strategy and goals. At the operational level for the second half of 2008 we are optimistic for stronger sales growth and partial recovery of surging costs through immediate and specific price actions as we set the stage for our 2009 contracts' negotiations".
|
|
MARFIN POPULAR BANK PUBLIC CO LTD : Financial Report for the period January - June 2008
|
Marfin Popular Bank Public Co Ltd, further to its announcement dated July 15, 2008, reports that at today's meeting the Board of Directors has examined and approved the Financial Report of the Group for the period January - June 2008.
The Financial Report, as well a relevant Presentation and Press Release have been sent to Athens Stock Exchange.
Data and information for the Financial Report will be published in the newpapers "Phileleftheros", "Politis", "Simerini", "Alithia", "Haravgi" and "Machi" in Cyprus, as well in the newspapers "Imerisia" and "Apogevmatini" in Greece, on Friday, August 29, 2008.
The Financial Report for the period ended June 30, 2008 will also be available at the Shares & Debentures Department, Diomedous 10, 2nd Floor, 2024 Strovolos, Nicosia, at the website of the Group, www.laiki.com, as well at the websites of Cyprus Stock Exchange, www.cse.com.cy, and Athens Exchange S.A., www.ase.gr. |
|
SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA : Purchase of own shares
|
| In accordance with article 4, par. 4 of Regulation 2273/2003 of the Committee of European Union, «Sciens International Investments and Holding S.A." announces that following the resolution of the Extraordinary General Meeting of the Shareholders dated February 05, 2008 and the Board of Directors' resolution dated March 5, 2008, and in accordance with article 16 of L. 2190/1920, during the trading session of 28.08.2008 acquired 10.800 own shares through «EUROXX SECURITIES S.A." at the price of euro 0,76 per share and the total value of the transaction amounted to euro 8,256.
|
|
HELLENIC DUTY FREE SHOPS S.A. : First half 2008 financial results
|
| See the announcement of the company. |
|
M. J. MAILLIS S.A. : 1st HALF 2008 FINANCIAL RESULTS
|
Athens, August 28th, 2008. M.J. Maillis Group announced today First Half 2008 (H1 2008) financial results:
- Sales: Q2 2008 sales were 95.6 Meuro, up 0.5% compared to Q2 2007. First half 2008 sales were 185.4 Meuro, lower by 1.4% compared to H1 2007.
- EBITDA: Q2 2008 EBITDA was 6.3 Meuro, up by 5.2% compared to Q2 2007. H1 2008 EBITDA was 10.4 Meuro, lower by 36.5% compared to H1 2007.
- EBIT: Q2 2008 EBIT was 2.5 Meuro compared to a loss of -5.2 Meuro in Q2 2007. H1 2008 EBIT was 2.4 Meuro, 286% higher than H1 2007.
- Profit after tax: After tax loss for Q2 2008 was -4.0 Ìeuro, lower by 47.8% compared to the after tax loss of -7.7 Meuro in Q2 2007. H1 2008 loss after tax was -7.9 Meuro, higher by 36.1% compared to the same period of 2007.
Mr John Kourouglos, CEO of the Group, commented:
I am pleased that, by many measures and under adverse economic conditions, much progress has been made during the last several months. From an operating performance perspective, each month has been better that the previous one with the Company achieving in July an EBITDA of 3,9 Meuro.
Even more importantly, profit margins are increasing, operating expenses are being reduced, and working capital is being optimized.
Operationally, the management team has been strengthened with several key additions in line with the previously announced corporate restructuring.
We believe our operational turnaround is on track, and that we have in place a robust recovery strategy. While I am very pleased with the progress made over the last 5 months, since the recovery started in March 2008, there is much more that can be accomplished. This management team will continue to be focused, like a laser, on delivery the profitability and cash flow targets that we have set for the 2008/2009 period.
Analysing the reported financial statements for the period, Mr Victor Papaconstantinou, Group CFO, noted:
Sales in Q2 2008 were 6.5% higher than the previous quarter, driven mainly by steel strap (7.9% higher compared to Q2 2007). Compared to the same quarter of last year, sales of stretch film and machines and tools were at the same level, while plastic strap sales were 7.8% lower, driven mainly by polypropylene strap sales. H1 2008 sales were overall lower than H1 2007 sales by 1.4%, reflecting mainly the performance of the first two months of the year. Gross profit margin in H1 2008 was lower than H1 2007 (19.5% versus 22.9%) but maintained a rising trend throughout the six-month period to June 2008.
Total operating expenses for the first six months of 2008 were 11.6% lower compared to the corresponding period of 2007 or an equivalent reduction of 4.7 Meuro. The trend reflects the outcome of the cost efficiency programmes run throughout the Group this year, with special focus on certain territories, where specific initiatives were implemented.
Net financing costs of 9.3 Meuro for the first half 2008 were 2.6 times higher than the corresponding period of 2007. The increase reflects the overall market increase in interest rates compared to last year, as well as the additional spread paid on some of the Group?s loans during the period of discussions for a long term amendment. The increased finance costs incurred during the period were the single most important factor for the after-tax losses reported in Q2 2008.
Income taxes for the period were 71% lower compared to the first half of 2007. The improvement in tax efficiency is mainly the result of the return to normal profitability of a number of Group companies, which allows the use of accumulated tax credits.
Total working capital as of the 30th June 2008 was 16.6 Meuro or 14% lower compared to 30th June 2007. The reduction partly reflects the outcome of the inventory reduction programme implemented during 2008, while there is still room for improvement as far as trade receivables are concerned.
Total capitalexpenditure in the first half of 2008 was 4.4 Meuro, compared to 7.2 Meuro during the first six months of 2007.
Overall the Group is on track as far as the profitability and cash flow improvement targets for this and next year are concerned. We remain focused on monitoring the market conditions and overall economic trends in our key territories.
|
|
MARFIN POPULAR BANK PUBLIC CO LTD : Financial Results for the First Half 2008
|
| See the Press Release and the presentation.
|
|
GENERAL BANK OF GREECE S.A. : Financial Results for the H1 2008
|
| See the Press Release. |
|
HELLENIC EXCHANGES S.A. HOLDING : Announcement of regulated information according to Law 3556/2007
|
Hellenic Exchanges S.A. announces, pursuant to Law 3556/2007 (articles 3 and 21) and in conjunction with article 11 of resolution 1/434/03.07.2007 of the Capital Market Commission, that EFG Eurobank Securities notified it:
1. on 27.08.2008 that it purchased on 25.08.2008 4,000 HELEX common registered shares with a total value of euro 29,414.40
2. on 27.08.2008 that it sold on 25.08.2008 5,600 HELEX common registered shares with a total value of euro 41,896.00
3. on 27.08.2008 that it purchased on 26.08.2008 300 HELEX common registered shares with a total value of euro 2,214.00
4. on 27.08.2008 that it sold on 26.08.2008 2,000 HELEX common registered shares with a total value of euro 14,750.00
The above transactions were made for the derivatives market making account.
|
|
ASPIS BANK S.A. : Earnings for H1 2008
|
The Aspis Bank Group has entered into a new growth phase under new Management and organizational structure. The Bank's new strategy that already started to be implemented, is based on consumer credit, small business and medium sized enterprises financing growth, contraction of large corporate financing, immediate rationalization of operating expenses and further strengthening of liquidity with cost of money containment. The Bank's high capital adequacy ratio and adequate liquidity guarantee the implementation of Bank's new strategy.
Despite adverse economic climate, the Bank maintained its growth dynamics, with total assets increased by 15% yoy to euro 3.1 billion driven by pure banking business growth, mainly loans. Loans and advances to customer net of impairment increased by 13% yoy to euro 2.3 billion, customer deposits increased by 14% yoy to euro 2.4 billion and the deposits to gross loans ratio maintained at 100%. Despite the strong increase in assets and deposits, ASPIS BANK Group reported a loss after tax and minority interests of euro 19.4 million, driven by the sharp increase in the cost of attracting deposits as a result of the turmoil in global credit markets, and certain one-off expenses relating to the reorganization of the Bank, including compensation to staff that left. Furthermore the Bank's Management, having considered the difficult conditions facing the banking market and with the intention of strengthening its balance sheet, has significantly increased loan loss provisions in H1 2008.
Such one-off events will not impede ASPIS BANK's growth track. The Bank's strategic focus aiming at the return to profitability. Specifically, the following actions have been initiated:
Boost of the Bank's productivity, through organizational restructuring and operational overhaul of infrastructure and procedures, and shift of its strategic focus to Retail Banking activities such as consumer credit and small business and medium sized enterprises financing. The results of this shift are already evident; credit cards and consumer loans increased by 23% and 25.5% yoy respectively, and loans to SMEs increased by 23%. It is noteworthy that, Retail Banking growth will be supported by the more efficient exploitation of synergies between the Bank and the insurance companies of ASPIS Group whose client base reaches 1.2 million clients. In parallel, contraction of large corporate financing is in implementation.
Centralization of Retail Banking activities with restructuring of product development and distribution and credit procedures. Creation of business centers in selected regions.
Immediate implementation of the containment and rationalization of operating expenses with administrative costs being significantly cut down. A Special Financial Control and Management of the Bank's expenses Unit has been established for that purpose.
Completion in H2 2008 of the Bank's programme to further strengthen liquidity, beginning with an RMBS transaction of euro 500 million which will be completed. Considering that high cost deposits remain the major source of funding for ASPIS BANK Group operations, alternative solutions for acquiring liquidity and raising funds are explored.
Review of ASPIS BANK Group Results
The Bank's profitability was affected by disproportionately higher average cost due to the increased cost of attracting deposits, mainly time deposits which remain the Bank's major funding source. This fact led to the compression of net interest margin and to the decrease of net interest income to euro 23 million versus euro 28 million in H1 2007. On the other hand, loan growth, which remains the major source of income, led to the increase of gross interest income by 18% to euro 81 million versus euro 69 million in H1 2007. Negative returns in capital markets, and bear stock markets have negatively affected results from financial transactions as well as commissions from asset management and brokerage transactions. Consequently, net commission income decreased by 15% yoy to euro 12 million while loss from financial transactions amounted to euro 0.8 million.
Total operating expenses increased to euro 56 million versus euro 35 million in H1 2007. Specifically, personnel expenses increased to euro 32.7 million versus euro 17.5 due to the Bank's restructuring programme and specific one-off costs. Personnel expenses increased to euro 32.7 million versus euro 17.5 in H1 2007 due to the organizational restructuring with changes in almost all levels of the Bank's Management, including compensation to staff that left. Administrative expenses increased to euro 17.8 million versus euro 13.3 million in H1 2007 due to the increased promotion and advertising cost and the cost of the expansion of ASPIS BANK in Bulgaria - a plan that has now been cancelled. Depreciation increased to euro 5.7 million versus euro 4.5 due to the increased cost of the upgraded IT systems, especially that of the new core banking IT system -Finacle. The upgrade of operating systems and the organizational restructuring are viewed as investments which affected the operating cost in the short run, but have benefits to be seen in the long run rather in the short run.
<>.
For further information:
Mr Diomedes Nikoletopoulos
Chief Financial Officer
Tel: +30 210 3725166, Fax: +30 2103624448
e-mail: NIKOLETOPOULOS.DIOMEDES@aspisbank.gr |
|
SPRIDER STORES S.A : Announcement of Regulated Information of Law 3556/2007
|
| SPRIDER STORES S.A. announces based on Law 3556/2007 (articles 3 and 21) in combination with article 11 of Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission that on August 25, 2008, Mr Dorotheos Savvas Hatzioannou, son of the Vice President and Executive Member of the Board of Directors (bound person according to article 13 of Law 3340/2005, Mr. Savvas Dorotheos Hatzioannou bought 6,000 common shares, with a total net value of 14.053,00 euro. |
|
MICHANIKI S.A. : Publication of regulated information
|
| MICHANIKI S.A, in accordance with the provisions of law 3556/2007, art. 21 coupled with the art. 11 of Decision 1/434/3.7.2007 of the Hellenic Capital Market Commission, notifies that the shareholder and Board Chairman of the company, Mr. Emfietzoglou Prodromos proceeded on August 22, 26 and 27, 2008 with the purchase of 5,000 6,000 and 8,000 registered common shares of total value euro 15,200 euro 18,180 and euro 24,640.
|
|
SPRIDER STORES S.A : Announcement of Regulated Information of Law 3556/2007
|
| SPRIDER STORES S.A. announces based on Law 3556/2007 (articles 3 and 21) in combination with article 11 of Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission that on August 25, 2008, Mrs Anna Savvas Hatzioannou, daughter of the Vice President and Executive Member of the Board of Directors (bound person according to article 13 of Law 3340/2005, Mr. Savvas Dorotheos Hatzioannou bought 6,000 common shares, with a total net value of 14.060,00 euro.
|
|
HERACLES GENERAL CEMENT COMPANY S.A. : HERACLES GROUP announces Half Year 2008 Results
|
TURNOVER AND EBITDA INCREASED BY 8%
GROUP FINANCIAL RESULTS
million euro8 H1 2007 %
Turnover 356.7 331.1 7.7%
EBITDA 74.1 68.7 7.9%
Net Profit after Tax 29.0 28.2 2.8%
HERACLES General Cement Co. Group of Companies announced today sales amounting to 356.7 million Euros for the first half of the year 2008, increased by 7.7% compared to the corresponding period in 2007.
The Group's earnings before interest, tax, depreciation and amortization (EBITDA) for the half year 2008 amounted to 74.1 million Euros, increased by 7.9% as compared to the same period in 2007.
The increase in the Group's profits, despite the unprecedented and successive increases of the fuel and electric power prices, is mainly attributed to the reduction of fixed costs, selling and administrative expenses and generally to the strict control of operating cost, in the frame of the Group Lafarge Excellence 2008 strategic plan.
In the half year 2008 the Group's net profit after tax increased by 2.8%, amounting to 29 million Euros, as compared to the same period in 2007.
COMPANY FINANCIAL RESULTS
At Company level, sales amounted to 321 million Euros for the first half of the year 2008, increased by 8% compared to the corresponding period in 2007, whereas the net profit after tax for the same period in 2008 amounting to 31 million Euros, increased by 5.6% as compared to the corresponding period in 2007.
About the company
HERACLES Group of Companies, a member of Lafarge, is Greece?s largest cement producer, with a production capacity of 9.6 million tons per year, and the largest cement exporter in Europe. Operating three cement plants, in Volos, Halkis and Milaki in Evoia, six cement terminals, as well as production and trading units of aggregates and concrete, the Heracles Group has production activity in 29 prefectures in Greece and trading activity throughout continental and island Greece.
Lafarge is the world leader in building materials, with top-ranking positions in all of its businesses: Cement, Aggregates & Concrete and Gypsum. With 90,000 employees in 76 countries, Lafarge posted sales of Euros 17.6 billion and net income of Euros 1.9 billion in 2007.
Lafarge is the only company in the construction materials sector to be listed in the 2008 "100 Global Most Sustainable Corporations in the World". Lafarge has been committed to sustainable development for many years, pursuing a strategy that combines industrial know-how with performance, value creation, respect for employees and local cultures, environmental protection and the conservation of natural resources and energy. To make advances in building materials, Lafarge places the customer at the heart of its concerns. It offers the construction industry and the general public innovative solutions bringing greater safety, comfort and quality to their everyday surroundings.
Additional information is available on the web site at www.lafarge.com.
|
|
NAT. BANK OF GREECE SA : NBG Group Results H1 2008
|
| See the Press Release. |
|
NIREUS S.A. : Results for the six months 2008
|
| See the Press Release. |
|
MYTILINEOS HOLDINGS S.A. : ANNOUNCEMENT OF ACQUISITION OF OWNED SHARES
|
The company under the name "MYTILINEOS SA.-GROUP OF COMPANIES" hereby announces that, pursuant to law 2190/1920 nr. 16, as in force, and further to relevant decisions of the Extraordinary General Meeting of its shareholders of 07.12.2007 and its Board of Directors (meeting of 07.12.2007), and also in implementation of article 4, para. 4 of regulation nr. 2273/2003 of the EC Committee, it proceeded to the acquisition of owned shares through the stock exchange member "NATIONAL P&K Securities S.A." as follows:
On 28.08.2008, the Company acquired 48.500 shares of a total value of euros 386,367.63 at an average acquisition price of euros 7.97 per share.
|
|
FOLLI - FOLLIE S.A. : Folli Follie in the first half of 2008
|
Group sales improved by 52,6%
Folli Follie stand alone sales improved by 14 % (currency-adjusted by +27%)
Group net income increased by 12% to EUR 52 million
Athens, August 28th 2008. Folli Follie S.A. presents first half 2008 financial results by fully consolidating Elmec Sport through HDFS for a six-month period.
Sales rose by 52,6% to EUR 413,3 million in the first half of fiscal year 2008 (H1 2007: EUR 270,7 million).
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) rose by 26,4% to EUR 92,0 million from EUR 72,8 million in H1 2007 and Earnings Before Taxes reached EUR 64,1 million compared to EUR 60,7 million in the first half of 2007 (+5,6%).
The group recorded net profit after taxes of EUR 51,6 million from EUR 45,9 million the same period last year, representing an increase of 12,4%, despite higher interest expenses compared to the first half of 2007.
Net earnings after taxes and minorities rose by 8,5% to EUR 42,4 million from EUR 39,1 million the same period last year.
Finally, the profits per share reached EUR 1,29 from EUR 1,19 in H1 2007.
Folli Follie (stand alone) results highlights:
With regards to Folli Follie S.A. stand alone figures (based on DFS equity method) sales for the period January 1st, to June 30th 2008 rose by 14,3% to EUR 154,2 million (H1 2007: EUR 134,9 million). At comparable exchange rates sales would have increased by 27%.
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) reached EUR 51,9 million from EUR 46,3 million the year before increasing by 12,1%.
Net sales by geographical region:
In an analysis of Folli Follies total sales for the first half 2008 on a stand-alone basis* and by looking at each region, Japan accounted for 13%, the rest of Asia reached 56% of total sales, Europe generated 15% of sales and Travel Retail operations reached a sales participation of 16%.
In a breakdown of sales per region at constant currency terms Japan would have reached EUR 21,9 million of sales instead of EUR 19,7 million (+12%), Asia would have reached EUR 97,6 million instead of EUR 86,4 million (+30%) and the Travel retail sector would record EUR 27,9 million of sales instead of EUR 24,7 million (+47%) compared to H 1 2007.
Sales per product category:
According to the sales per product category in the first half of fiscal year 2008, jewellery accounted for 58%, watches accounted for 36% and accessories for 6% of sales.
Folli Follie is a Greek company which designs, manufactures and distributes jewellery, watches and fashion accessories under the Folli Follie brand. Nowadays, Folli Follie is active in 25 countries, has more than 360 points of sale, and continues to develop new strategically important markets around the world while strengthening its presence in existing ones.
Mr. George Koutsolioutsos, Vice President of Folli Follie and President of Hellenic Duty Free Shops and Elmec Sport said: "We are extremely pleased with the performance of the First Half Financial Results of the Group. Although we are trading in a difficult market condition and sentiment, especially in Europe the group overcame it by posting a solid growth. The newly formed group includes a variety of product assortment, selective retail and affordable luxury which is attracting continuously a bigger audience. We are confident that our group will continue its successful path also in the second Half, which is our strongest."
based on DFS equity method
Folli Follie S.A. group results
in EUR mn H1 2008 H1 2007 Growth
Sales 413,3 270,7 52,6%
EBITDA 92,0 72,8 26,4%
Gross Margin 52,0% 57,9%
EBT 64,1 60,7 5,6%
Net Profit 42,4 39,1 8,5%
Folli Follie stand alone (Sales breakdown per region)
H1 2008 H1 2007 Growth Growth
Ex-currency
in EUR mn
Asia 86,4 75,1 +15% +30%
Japan 19,7 19,6 +0,5% +12%
Europe 23,4 21,3 +10% +14%
T
ravel Retail 24,7 19,0 +30% +47%
|
|
|
|
|
|
|
