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| 29/08/2008 |
TITAN CEMENT COMPANY S.A.
ALAPIS S.A
ALAPIS S.A
PIRAEUS PORT AUTHORITY SA
ELMEC SPORT S.A.
LAMDA DEVELOPMENT S.A.
S & B INDUSTRIAL MINERALS S.A.
EUROPEAN RELIANCE GEN. INSURANCE CO. S.A.
INTRACOM CONSTRUCTIONS S.A.TECHN & STEEL CONSTR.
INTRALOT S.A.
BABIS VOVOS INTERNATIONAL TECHNICAL S.A.
BANK OF GREECE
S & B INDUSTRIAL MINERALS S.A.
Forthnet S.A.
BANΚ OF CYPRUS PUBLIC COMPANY LTD
CΗ. ROKAS S.A.
BANΚ OF CYPRUS PUBLIC COMPANY LTD
TERNA ENERGY S.A.
IASO S.A.
S & B INDUSTRIAL MINERALS S.A.
ELLAKTOR S.A.
I. KLOUKINAS - I. LAPPAS S.A.CONSTR. AND COM.COMP.
SINGULARLOGIC S.A.
INTRALOT S.A.
VARVARESSOS S.A.
NEOCHIMIKI L.V. LAVRENTIADIS S.A.
NIREUS S.A.
EUROPEAN RELIANCE GEN. INSURANCE CO. S.A.
NIREUS S.A.
SANYO HELLAS HOLDING S.A.
BANΚ OF CYPRUS PUBLIC COMPANY LTD
PROTON BANK S.A.
SPRIDER STORES S.A
SPRIDER STORES S.A
SPRIDER STORES S.A
SPRIDER STORES S.A
NEOCHIMIKI L.V. LAVRENTIADIS S.A.
MINOAN LINES SA
MARFIN INVESTMENT GROUP HOLDINGS SA
SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA
DIAS AQUACULTURE S.A.
INTRACOM S.A. HOLDINGS
HELLENIC EXCHANGES S.A. HOLDING
ANEK LINES S.A.
ATTICA HOLDINGS S.A.
PROTON BANK S.A.
SPRIDER STORES S.A
SPRIDER STORES S.A
SPRIDER STORES S.A
MYTILINEOS HOLDINGS S.A.
ΑΧΟΝ S.A. HOLDING
ΑΧΟΝ S.A. HOLDING
ALAPIS S.A
GEK GROUP OF COMPANIES S.A.
SPRIDER STORES S.A
BLUE STAR MARITIME S.A.
TERNA ENERGY S.A.
SINGULARLOGIC S.A.
TERNA S.A.
PROTON BANK S.A.
ELLAKTOR S.A.
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TITAN CEMENT COMPANY S.A. : Purchase of own shares.
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| TITAN CEMENT COMPANY S.A. announces that on 28.8.2008, the Company purchased 20,000 common and 30 preference own shares, against an average purchase price of Euro 25.49 and Euro 19.80 per share and a total purchase price of Euro 509,746.60 and Euro 594.00 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.
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ALAPIS S.A : Purchase of own shares
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| In accordance with article 4, par. 4 of Regulation 2273/2003 of the Committee of European Union" ALAPIS HOLDING INDUSTRIAL AND COMMERCIAL SOCIETE ANONYME OF PHARMACEUTICAL, CHEMICAL AND ORGANIC PRODUCTS" announces that following the resolution of the General Meeting of the Shareholders dated February 4, 2008 and the Board of Directors' resolution dated June 26, 2008, and in accordance with article 16 of L.2190/1920, during the trading session of August 28th, 2008, acquired 210,000 own shares through "PIRAEUS AEPEY" at the average price of Euro 1.75 per share and the total value of the transaction amounted to Euro 367,060.00. |
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ALAPIS S.A : Purchase of own shares for the period 1/7/-28/8/2008
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In compliance to the No. 2273/2003 Regulation of the E.C. Committee dated December 22nd, 2003 ALAPIS S.A. (the "Company") announces purchases of own shares as listed below, which were accomplished in accordance to article 16 par. 5 of L.2170/1920, in implementation of the decision of the General Meeting of shareholders of the Company of February 4th, 2008 and the Board of Directors' decision of June 26th, 2008.
1. Between July 1st, 2008 and July 9th, 2008 2,339,470 own shares, of total value Euro 3,739,055.30 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.60 per share.
2. Between July 10th, 2008 and July 18th, 2008 3,867,974 own shares, of total value Euro 6,271,505.71 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.62 per share.
3. Between July 21st, 2008 and July 29th, 2008 3,093,498 own shares, of total value Euro 5,349,724.58 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.73 per share.
4. Between July 30th, 2008 and August 7th, 2008 2,158,228 own shares, of total value Euro 3,640,689.08 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.69 per share.
5. Between August 8th, 2008 and August 19th, 2008 1,359,565 own shares, of total value Euro 2,389,756.50 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.76 per share.
6. On August 20th, 2008 a total of 67,000 shares were purchased at the average price of Euro 1.78 per share. Total value of the transaction was Euro 118,960.00.
7. On August 21st, 2008 a total of 132,000 shares were purchased at the average price of Euro 1.77 per share. Total value of the transaction was Euro 233,660.00.
8. On August 22nd, 2008 a total of 150,507 shares were purchased at the average price of Euro 1.76 per share. Total value of the transaction was Euro 264,461.54.
9. On August 25th, 2008 a total of 158,000 shares were purchased at the average price of Euro 1.74 per share. Total value of the transaction was Euro 274,265.00.
10. On August 26th, 2008 a total of 210,000 shares were purchased at the average price of Euro 1.70 per share. Total value of the transaction was Euro 356,160.00.
11. On August 27th, 2008 a total of 210,000 shares were purchased at the average price of Euro 1.73 per share. Total value of the transaction was Euro 362,774.00
12. On August 28th, 2008 a total of 210,000 shares were purchased at the average price of Euro 1.75 per share. Total value of the transaction was Euro 367,060.00
The abovementioned 13,956,242 own shares, of total value Euro 23,368,071.71 were purchased through "PIRAEUS COMPANY ON THE PROVISION OF INVESTMENT SERVICES" at an average purchase price of Euro 1.67 per share. |
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PIRAEUS PORT AUTHORITY SA : Financial reports for the first half 2008
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The Board of Directors of P.P.A. S.A. on 28/8/2008 approved the Company's Financial reports for the first half of the financial year 2008, from which the following are raised:
- The Company's turnover decreased by 43,21% amounting to euro 46.157.340 against euro 81.276.195 the relevant period of the financial year of 2007. The personnel mobilizations, which were continued in the 2nd quarter, cancelled the possibility of recovery in the cargo handled and consequently the revenues of the first half remained in low levels. More specifically, the revenue percentile reduction in the Container Terminal was 67,87% against the same period of 2007, decisively influencing progress of revenue in this period.
- Other operating revenues increased by 2,88% against the first half of 2007, amounting to euro 4.060.027 (euro 3.946.494 on 30/6/2007), due to the increased rental revenues.
- Total expenses were reduced by 21,62% and amounted to euro 54.152.993 against euro 69.093.726 in the relevant period of 2007. Reduced personnel payroll by 26,75%, as a consequence of the mobilizations, was the main reason for the decrease in expenses.
- Remaining expenses, apart from the provisions for doubtful debts, with some fluctuations up or down, were roughly at the same level as in the relevant period of 2007, amounting euro 19.056.886 the first half of 2008 against euro 19.118.214 the first half of 2007.
It is noted that provisions for doubtful debts in the first half of 2008 amounted euro 231,000 against euro 2.377.637 in the first half of 2007.
- Asset depreciation incorporated in the operational cost, increased by 5.34% amounting to euro 5.094.122, against euro 4.836.038 in 2007.
- Results before taxes for the first half recorded a loss of euro 3.623.298 against profits of euro 16.477.757 in the relevant period of 2007, while net loss after taxes amounts to euro 4.366.155 against profits of euro 12.308.040 in the relevant period of 2007.
- Cash and cash equivalents on 30/6/2008 amounted to euro 28.994.138 against euro 49.007.142 on 31/12/2007 and euro 39.578.205 on 30/6/2007. |
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ELMEC SPORT S.A. : Announcement on 1H 2008 financial results
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-Consolidated Sales at euro 114 million (+27%)
-EBITDA at euro 12.2 million (+31%)
Consolidated Results
The consolidated Sales of Elmec Sport in the first half of 2008 reached euro 114 million from euro 90 million in the respective semester of 2007, an increase of almost 27% .Earnings before interest, taxes, depreciation and amortization (EBITDA) reached euro 12.2 million from euro 9.3 million, posting an increase of 31% with the respective margin reaching to 10.7% from 10.3%
Consolidated Earnings before taxes (EBT) reached euro 6.4 million from euro 4.1 million in the respective semester of 2007, posting an increase of 56.2%.Net Earnings after Taxes and Minorities reached euro 3.2 million from euro 1.8 million, increased by 80%
The increase in sales derives from i)the positive performance of the department store 'attica' ii) the contribution of the wholesale activity of Converse in Greek and Cypriot market and by the increase demand for Nike products in Romania and Bulgaria.
Operating expenses reached to 35.6% of the consolidated sales from 37.8% posting a decrease from the previous semester.
Elmec Sport stand-alone
Elmec Sport stand-alone sales for 1st half of 2008 reached euro 44.4 million from euro 32.2 million in the respective half of 2007, an increase of 38% mainly driven by the Converse wholesale activity that did not existed in the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached euro 1.3 million from losses euro 147 thousands.
Consolidated Earnings before taxes (EBT) reached euro 1.9 million from losses euro 390 thousand in the respective half of 2007.
Operating expenses reached to 37% of the sales from 40% posting a decrease from the previous semester.
The management of Elmec Sport remains at the forecasted figures for the year end 2008 as it has been communicated, ie
a) Consolidated Sales will reach euro 245-250 million and for parent company will reach euro 90-95 million
b) Consolidated ΕΒΙTDA will reach euro 26-27 million and for parent company will reach euro 5.5-6 million. The aforementioned figures are subject to change after the entrance of Lapin in the Group and only after the approval of the Competition Committee. Lapin's pro forma sales for the year end 2007 were euro 53 mil, EBITDA euro 11.5 mil and EBT euro 10 mil.
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LAMDA DEVELOPMENT S.A. : Purchase of own shares
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In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4, LAMDA Development S.A. (the Company) announces that following the decision of the Annual General Meeting of the Shareholders of the Company and the Board of Directors' resolution dated May 22, 2008 purchased own shares through the Athens Exchange Member National P&K Securities, as follows:
On August 28, 2008 the Company purchased 2.800 shares, with average cost price 6,42 euro per share and total purchase price 17.976,00 euro.
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S & B INDUSTRIAL MINERALS S.A. : Share Buy back
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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 28.08.2008, the Company purchased 748 shares, with an average purchase price Euro 9,15 per share and a total purchase price Euro 6.841,44
The above 748 shares were purchased through Alpha Finance.
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EUROPEAN RELIANCE GEN. INSURANCE CO. S.A. : Announcement of Regulated Information According to Law 3556/2007
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| EUROPEAN RELIANCE S.A. (the Company) announces, ιn 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 27th August 2008, "HORIZON S.A.", a legal entity which is closely associated to the Non-Executive member of the Board of Directors Mr. Theodoros Ahis, bought 1.500 common shares of the Company of total value Euro 3.360,00 |
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INTRACOM CONSTRUCTIONS S.A.TECHN & STEEL CONSTR. : Announcement of controlled information pursuant to Law 3556/2007 - publishing of the financial statements of INTRAKAT for the period from 01/01/2008 to 30/06/2008 according to I.F.R.S.
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| INTRAKAT informs the investment community that the Financial Data and Information for the period from 01/01/2008 to 30/06/2008 will be published on Saturday August 30th, 2008 in the newspaper "KATHIMERINI". The Financial Data and Information together with the Interim Financial Reports under I.F.R.S. for the period from 01/01/2008 to 30/06/2008 will be available on Friday August 29th, 2008 following the closing of the Athens Stock Exchange, at the company's website www.intrakat.gr , as well as at the ATHENS EXCHANGE website www.athex.gr. |
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INTRALOT S.A. : Intralot Announces its Six Month Period 2008 Results
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SALES INCREASE BY 44.5% & RAPID INTERNATIONAL EXPANSION
INTRALOT S.A., the leading international gaming company, today announces its financial results for the six month period ending June 30th 2008, prepared in accordance with IFRS.
Consolidated Revenues for the period reached euro 547.5m posting an impressive increase of 44.5% compared to the results of the same period last year. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) reached euro 126.7m, increased by 5.1%. Earnings Before Taxes (EBT) recorded an increase of 8.4% y-o-y by reaching euro 112.4m compared to euro 103.7m in the first six month period of 2007, while Earnings After Taxes and after minorities (EAT-am) increased by 4.6% y-o-y to euro 60.3m from euro 57.6m .
Revenues for the parent company were euro 98.9m in 1H08, 3.5% lower than 1H07. Earnings Before Taxes (EBT) for the period stood at euro 43.7m, and Earnings After Taxes (EAT) reached euro 36.3m.
Commenting on 1H08 results INTRALOT's CEO, Mr. Constantinos Antonopoulos, noted: "The first half of 2008 was very interesting for INTRALOT since it managed to prevail in a number of significant international tenders: it was awarded one of the three Sports Betting licenses in Madrid, it won a dual lottery contract in the Netherlands and it signed its sixth contract in the US with the Ohio State Lottery, one of the largest US State lotteries. Moreover, the Company won again the very important tender in Turkey regarding the risk management of the Turkish betting game Iddaa for a period of ten years. It also acquired two companies, a video-lottery operator in Slovakia and a company in Italy which owned 55 licenses for sports and horseracing points of sale, further strengthening its strong position in the country's betting market.
At the same time, it achieved to increase its profits despite the strain that the Euro Championship that took place in June put on the profitability of numerous companies in the sector internationally, the increased contribution of IT sales in the 1H08 of 13.0% vs. 7.5% in the 1H07 and also the considerable start-up and business development costs during the period for setting up new projects in countries such as Italy, Spain (Madrid), the Netherlands, Australia (Victoria) and the US, where the Company is currently implementing 3 new State Lottery projects: New Mexico, South Carolina, Ohio."
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BABIS VOVOS INTERNATIONAL TECHNICAL S.A. : Announcement - H1 Financial Statements
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NAV (net asset value) per share before deferred tax stood at euros 20.97 during the first half of 2008, a 2.5% increase year-on-year and a 7.9% increase compared to Q1 2008. The NAV increase stemmed mainly from a fair value adjustment on investment property recorded during the period from the completion of 340 Syggrou Avenue.
NAV per share after deferred tax stood at euros 16.64, a 7.8% increase over Q1 2008 and a 4.7% year-on-year increase.
BVIC Group's investment properties for H1 2008 reached euros 1.36 billion, up 10.2% from 31 December 2007. The most significant change to investment properties came from the completion of 340 Syggrou Avenue during Q2 2008, leading to a euros 101 million increase in the asset valuation from year end 2007.
During the first half of 2008, the construction cost incurred for the projects under construction in Poros and at Votanikos led to an increase of euros 18 million in investment properties.
The factors mentioned above and, also, the purchase of an asset in Q1 2008 at 1-3 Kifissias Avenue that was valued at euros 9.8 million, lead to an increase of euros 125 million to the portfolio value.
BVIC Group's revenue during H1 2008 reached euros 28 million, a 58% decrease compared to H1 2007. Sales of residential assets generated euros 4 million of revenue in H1 2008, whereas during the same period in 2007 sales from the Hellenic Exchanges Complex generated euros 43 million in revenue.
The Group's rental revenue remained almost flat year-on-year at euros 23 million. An increase in rental income of 6% from the lease indexation to Greek CPI and 100 bps was almost entirely offset by the termination of the leases with the parking station operator at 49 Kifissias Avenue and Delta Falirou. That resulted in a reduction of almost euros 640 thousand versus the first half of 2007. Moreover, the maturity of a sublease at 32 Kifissias Avenue also reduced rental income by euros 130 thousand. Finally, there was a euros 482 thousand rental decrease with 2year retrospective effect. On the other hand, two new lease agreements regarding 49 Kifissias Avenue and 1-3 Kifissias Avenue will contribute euros 672 thousand on an annual basis in rental revenue as of October 2008.
BVIC Group's EBITDA (earnings before interest, tax, depreciation and amortisation) stood at euros 85 million, compared to euros 18 million in H1 2007. There was a net gain from fair value adjustment on investment property of euros 85 million in H1 2008, mainly from the completion of 340 Syggrou Avenue. In H1 2007 there was no fair value adjustment on investment property.
Net finance expenses stood at euros 47 million, up from euros 14 million in H1 2007, stemming mainly from a euros 24 million loss from the fair value of the Group's interest rate swap agreements.
The Group's profit after tax for the period reached euros 34.8 million, up from euros 1.6 million during H1 2007.
340 Syggrou Avenue
The 340 Syggrou Avenue commercial centre was completed in June 2008 and is expected to be delivered by the end of the year. The Group has already signed a lease agreement with Media Markt for 7,291 sqm of retail space with a total annual rental revenue of euros 2,340,000 for the first year leased. The remaining 6,481 sqm of space is under negotiation and is expected to be let before the end of 2008. The centre is anticipated to generate almost euros 4.5 million in annual rental revenue.
Votanikos
In July 2008, BVIC S.A. received the approval of the Environmental Impact Report for the shopping mall in Votanikos from the Municipal Council of Athens. This was the final approval necessary prior to obtaining the building permit, which management expects to receive shortly. Also during the month of July the master plan for the joint regeneration of Votanikos was approved by the Municipal Council of Athens. The infrastructural works, for which a contractor has already been appointed, are anticipated to commence in October 2008, following the approval of the Ministry of Environment, Physical Planning and Public Works. The regeneration project encompasses the creation of a park of 120,000 sqm, as well as the Panathinaikos sports complex, that will consist of a football stadium of at least 40,000 seats and two indoor halls for the basket ball and volleyball teams as well as the smaller club departments. Moreover, the new town hall of Athens will be developed adjoining the stadium.
In August 2008, the tenant mix and commercial strategy for the shopping centre was concluded by a group of external consultants. The study confirms our initial estimate of a rent roll of euros 35 million for the mall's first year of operation. The projected catchment for the project is 2.4 million residents. The Group will be able to start the process of leasing the mall once the building permit has been issued.
The project is on track for completion by the end of 2009 with expected total land and construction costs of circa euros 250 million.
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BANK OF GREECE : Financial statement JULY 2008
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| See company's Financial statement JULY 2008.
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S & B INDUSTRIAL MINERALS S.A. : Announcement of deviation from the Share Buy Back limit of 25%
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| S&B Industrial Minerals S.A., in the framework of the relevant resolutions of it's Shareholders' Meeting dated 14.5.2008 regarding the share buy back and in accordance with article 5 par. 3 of Commission Regulation (EC) No 2273/2003 upon fulfillment of the conditions provided therein, announces that it may proceed during the period from 1.9.2008 to 30.9.2008 with share purchases over the limit of 25% of the average daily volume without exceeding 50% thereof, as particularly provided in par. 2 and 3 of art. 5 of the above mentioned Regulation. |
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Forthnet S.A. : Results for the 1st Half '08, Trading Update and NOVA's operating performance.
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- 38.6 thousand new ULL customers in the Q2 '08
- 37% market share in Q2 '08 ULL activations
- 31% overall market share
- 22.2% revenue growth in the 1st Half '08
- 164k active ULL customers at the end of August '08
- Completion of the acquisition of NOVA (all shares of NetMed N.V. and Intervision (Services) B.V.) on the 27th of August '08.
- Overall improvement in NOVA's financial performance for the Quarter April-June '08.
Local Loop Unbundling
Forthnet continued its progress in unbundling with improving overall market share in the ULL market.
Forthnet ULL Customer Base Q2 '08 Q1 '08 Q4 '07 Q3 '07 Q2 '07
New ULL net activations 38,590 30,810 33,820 27,300 14,130
Market Share in New Adds 37% 32% 30% 42% 25%
Total ULL 145,800 107,210 76,400 42,580 15,280
Overall Market(1) Share 31% 30% 28% 26% 16%
Forthnet is the leading unbundler in Greece with an overall market share of 31%. It reached 37% in new activations in Q2. The new activations in Q2 ( 38,590) sets a new record of activations for a single quarter. Forthnet at the end of August '08 had reached 164,000 active ULL customers. Forthnet 2Play continuous its strong uptake, constituting 72% of Forthnet's active ULL subscriber base, with monthly ARPU for the Q2 at ?43 (excl. VAT).
As unbundling accelerates the company is moving the emphasis away from wholesale broadband and CPS telephony.
Forthnet Broadband Customer Base 30/06/08 31/03/08 21/12/07 30/06/07
Forthnet Broadband subscribers(2) 230,710 216,776 200,346 189,267
Quarterly net additions 13,934 16,429 11,089 26,427
Forthnet active ULL subs 145,800 107,210 76,400 42,580
The number of Broadband customers at the end of June stood at 230,710 customers. Direct Retail Services (ULL revenue) is the key growth driver of the Company, while demand for Broadband, 2play and other ULL services, is expected to remain strong.
Revenue Breakdown (in '000 euro) 1H '08 1H '07 % change
Direct Retail Services 26,055 1,081 2,301%
Indirect Retal Services 20,811 36,698 -43.3%
Business Services & Applications 22,418 18,771 19.4%
Total Revenues 69,284 56,674 22.2%
ULL focus rather than wholesale broadband is expected to lead, faster than expected, to the improvement in the financial performance of the Company. As a result the Company expects that it will turn EBITDA positive during the 2nd half of '08.
(in '000 euro) Q2 '08 Q1 '08 Q2 '07
Revenue 35,670 33,613 30,193
Adjusted EBITDA -1,670 -3,413 -6,443
EBITDA Margin -4.68% -10.15% -21.34%
During the 1st half of '08, Forthnet reported total revenues of euro 69.3m recording a 22.2% growth compared to the 1st half of 2007, driven by the increase in recurring revenues from Direct Retail Services (ULL revenue).
Consolidated H1 '08 Revenues
Key Results (in '000 euro) 1H '08 1H '07
Turnover 69,284 56,674
Reported EBITDA -11,531 -13,331
Stock Option Plan valuation 6,448 1,550
Adjusted EBITDA for Stock Option Plan -5,083 -11,781
Pre-tax Loss -27,348 -21,596
Adjusted Pre-tax Loss for Stock Option Plan -20,900 -20,046
Losses after tax and minority rights -22,170 -17,001
Capital Expenditures 41,089 19,697
The 1st half results record a significant improvement compared to the previous year's 1st half, as the customer base through LLU increases. This resulted to a decrease in the adjusted EBITDA loss to euro 5.08 m from euro 11.78 m for the 1st half of 2007. The looses after tax and minority rights stood at euro 22.17 m from euro 17.00 m for the 1st half of the previous year due to high depreciation charges. Capital expenditure for the 1st half reached euro 41.09 from euro 19.70 m for the 1st half of 2007.
Significant part of the Capex (euro 10.61 m) relates to subsidised investments for the development of Broadband in Greece. Up to now revenue of euro 2.4 mrelated to these investments has been recognised. This revenue has not contributed in the EBITDA of the company.
Collocation sites and Forthnet commercial network
To date, OTE has delivered 152 Exchanges corresponding to a footprint of c65% local loop coverage whilst the Company is already offering its ULL services through 148 Exchanges.
In an effort to increase further its appeal to the consumer market, Forthnet is expanding the retail network of Forthnet branded shops. Today, the number of Forthnet Broadband shops, through mainly franchised stores was 89. This number is expected to grow to 100 by year end.
Completion of Acquisition of NetMed and Intevision.
In the 27th of August '08, Forthnet successfully completed the acquisition of NetMed N.V. and Intervision (Services) B.V. In order to conclude this transaction Forthnet managed to :
Successfully complete a capital increase of euro 299.6 m (subscribed 1.66 times )
Sign long term credit facility of euro 245 m
Acquire all the relevant regulatory approvals.
Forthnet paid a total consideration of euro 491.65 m while at the acquisition date the acquired companies had a net cash position of euro 35.5 m.
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 drawdown of the bond facility amounting to ? 200 m.
NetMed results April to June 2008
At the end of June ?08 the total number of Netmed subscribers had reached 331,637 recording a 4.36% increase versus the same period last year. It is noted that the end of June subscriber numbers are heavily influenced by seasonality.
NetMed Subscribers 30/06/08 30/06/07 Δ % change
Cyprus 14,049 13,149 900 6.84%
Greece (Analog) 40,073 50,492 -10,419 -20.63%
Greece (Digital) 277,515 254,142 23,373 9.20%
Total NetMed 331,637 317,783 13,854 4.36%
NetMed's improving financial performance has continued in the quarter April to June'08. Across all its P&L and Cash Flow numbers(3).
April-June 08
April-June 07 Δ%
Revenue 50,334 48,576 3.6%
Reported EBITDA 15,104 14,274 5.8%
Pre-Tax Profit 11,769 10,448 12.6%
Operating Cash Flow 11,538 10,636 8.5%
Forthnet/NOVA is the largest alternative broadband and pay TV operator in Greece. It provides data, Internet, fixed line telephony services to 500,000 customers and pay TV services to 350.000 customers in Greece and Cyprus.
(1) According to latest NRA published data in June '08
(2) Active & pending activation wholesale ADSL and 2Play customers, plus active & pending activation Unbundled customers.
(3) Forthnet consolidated financial statements of H1 '08 do not include any of the NetMed financials. The consolidation of NetMed will start from September '08.
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BANΚ OF CYPRUS PUBLIC COMPANY LTD : Interest Payment on Capital Securities 12/2007
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| See the announcement. |
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CΗ. ROKAS S.A. : H1 2008 consolidated financial results according to IFRS
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C. ROKAS S.A. informs the investment public that it will release on Friday 29 August 2008 its H1 2008 consolidated financial results according to International Financial Reporting Standards, as those have been adopted by the European Union, and more specifically according to IAS 34 "Interim Financial Reporting".
Consolidated Turnover for the H1 2008 marked an increase of 18.9%, standing at euro 24.7m as opposed to euro 20.8m for the respective period last year. Turnover was positively affected by stronger sales in the Electromechanical Project Sector in relation to the respective H1 2007. In the Energy Sector, Turnover marked a small increase by 7% and amounted euro 18.7m.
The Group's Gross Profit amounted to euro 7.9m, slightly higher than the euro 7.7m for H1 2007.
The Group's EBITDA amounted to euro 10.9m for H1 2008 as opposed to euro 10.1m in the respective period last year, increased by 7.9%.
The Group's EBIT for H1 2008 amounted to euro 6.3m as opposed to euro 5.7m in H1 2007, showing an increase of 9.3%.
Consolidated ΕΒΤ increased by 6.9%, standing at euro 5.7m for H1 2008 as opposed to euro 5.3m in the respective period last year.
Consolidated ΕΑΤΑΜ amounted to euro 3.3m as opposed to euro 3.8m for H1 2007 showing a decrease of 12.5%. This change is attributed to higher tax charges during H1 2008.
NOTE: The Financial Statements and the Data and Information of H1 2008 will be posted on the company's website on the internet: www.rokasgroup.gr, on the release date.
For more information take a look at the IR RELEASE.
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BANΚ OF CYPRUS PUBLIC COMPANY LTD : Procedure of the ineterest payment on capital securities 12/2007
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| See the announcement. |
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TERNA ENERGY S.A. : Announcement
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| TERNA ENERGY S.A. informs the investors that, in compliance with article 4 par. 4 of the Regulation no. 2273/2003 of the Commission of the European Communities and according to article 16 of the Codified Law 2190/1920, as amended and currently in force, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 23.06.2008 and the Decision of the Board of Directors dated 23.06.2008, proceeded on August 28, 2008 through the member of the A.S.E. PRAXIS INTERNATIONAL S.A., with the purchase of 1,345 TERNA ENERGY's shares at an average price of 6.04 euros per share and at with a total transaction value of 8,123.80 euros. |
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IASO S.A. : Announcement of the draft of amendment of Articles of Association
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IASO S.A. informs the public, according to article 19 paragraph 2 of the law 3556/2007 that the Board of Directors at the meeting of 1/8/2008 decided to convoke the Extraordinary General Meeting of the Shareholders on Wednesday September 3, 2008 at 12:00pm. The topics of the agenda of the Extraordinary General Meeting on 3/9/2008 are the following:
1. Change of corporate name and corresponding amendment of article 1 of the Company?s Articles of Association.
2. Amendment of articles 7 and 8 of the Company?s Articles of Association.
In particular, IASO S.A. hereby announces the proposed amendments and the draft of the new Articles of Association, which will be proposed for discussion to the shareholders in the Extraordinary General Meeting on 3/9/2008.
The proposed amendments are the following:
a) Change of the corporate name from "IASO OBSTETRIC - GYNECOLOGICAL - SURGICAL - DIAGNOSTIC - THERAPEUTIC & RESEARCH CENTER S.A." to "IASO PRIVATE GENERAL, OBSTETRIC - GYNAECOLOGICAL & PAEDIATRICS CLINIC - DIAGNOSTIC, THERAPEUTIC & RESEARCH CENTER S.A. (article 1).
b) In the article 7 of the Company's Articles of Association (Competence of the Board of Directors) the following paragraphs are added:
"3. The Board of Directors can decide to grant guarantees or other securities, in favour of subsidiaries or affiliated with the company undertakings, always in accordance with the provisions of the current laws."
"4. The Board of Directors can decide to issue bond loans, unless otherwise stated in the law, as well as in the cases of articles 3a and 3b of c.l. 2190/1920"
c) In the article 8 of Company?s Articles of Association (Meetings of the Board of Directors & Decisions making), the following paragraph is added:
"4. The discussions and decisions of the Board of Directors are registered in summary form in a special book that may also be kept by an electronic system. The minutes of the Board of Directors are signed by all the present (either in person or by proxy) members of the Board of Directors. Member of the Board of Directors can not deny signing the minutes of the meeting in which he took part; however, if he disagrees with any of the received decisions, he can ask the insertion of his opinion in the minutes. In case a member of the Board of Directors denies signing the minutes of the meeting, his denial should be mentioned in the minutes.
Copies of the minutes are officially issued by the President or a vice-President of the Board of Directors or by a managing Director, without any other validation being necessary."
Draft of the Company's Articles of Association, after the amendments that are proposed for discussion in the Extraordinary General Meeting of the shareholders can be found in the company?s website (www.iaso.gr), and in the website of Athens Exchange S.A. (www.ase.gr)
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S & B INDUSTRIAL MINERALS S.A. : Announcement pursuant to Law 3556/2007
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| S&B Industrial Minerals S.A. announces pursuant to Law 3556/2007 in combination with article 11 of Decision 1/434/03.7.2007 of the Hellenic Capital Market Commission that Mrs Kyriacopoulos Aikaterini purchased on 28/8/2008, 5.000 common shares of our company of a total value of Euro 45.950,44. This transaction has been duly acknowledged to the Company pursuant to article 13 of Law 3340/2005 by Mrs Aikaterini Kyriacopoulos, under her capacity as Honorary Chairman of the Board of Directors. |
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ELLAKTOR S.A. : Announcement.
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| Please find attached the Invitation of the Management of ELLAKTOR SA, regarding conference call for 'First Half 2008 Financial Results'
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I. KLOUKINAS - I. LAPPAS S.A.CONSTR. AND COM.COMP. : Announcement
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I.KLOUKINAS-I.LAPPAS SA announces the results for A semester of 2008:
The Group's turnover amounted to 33.330 thousand euro over 26.338 thousand euro, an increase of 26,55 % over the first semester of 2007.
The Group's profits before taxes amounted to 4.222 thousand euro over 6.368 thousand euro, decreased by 33,70 % over the first semester of 2007.
The profits after taxes and rights of minority amounted to 2.936 thousand euro , over 4.520 thousand euro, decreased by 35,03% over the first semester of 2007.
The Group's operating profits before taxes interest and depreciation ( EBITDA ) amounted to 6.072 thousand euro over 7.665 thousand euro,decreased by 20,78 %, over the first semester of 2007.
The sales of the commercial sector amounted to 19.757 thousand euro over 16.420 thousand euro, an increase of 20,32 % over the first semester of 2007.
The sales of the construction sector amounted to 13.148 thousand euro over 9.560 thousand euro, an increase of 37,53 % over the first semester of 2007.
We should take into consideration that the operating profits before taxes interest and depreciation ( EBITDA ) is decreased over the first semester of 2007 as a result of the installation cost of the new stores which operated during the second quarter or will operate during the second half of 2008 . In addition the company leased a new warehouse in Tavros in order to contribute to the warehousing and logistic support of the sales network. This increased the total lease cost in the current period by 0.365 thousand euro. Moreover, the results of the company's 100% subsidiary COMPTON HOUSE HELLAS (ELC) participated in the group's profit & loss account as at 30.06.08 (Sales 2.557 thousand euro and losses after taxes 0.132 thousand euro). In the comparative interim financial statements as at 30.06.07, COMPTON HOUSE HELLAS is not consolidated due to its acquisition by the parent company in November 2007. We should note that the activity of the aforementioned company (Children's products & Learning toys) indicates intense seasonality .
Finally the finance cost is increased by 51,55% due to the 6.000 thousand euro loan which was raised for the acquisition of the Early Learning Centre.
The management of the company estimates that the group sales in the current year will be increased by 30% over 2007 and the operating profits after tax will remain at the same level of the previous fiscal year's results. This estimate is based on the fact that like for like sales during the current period are increased by 0,56% over the initial estimate of the management of an increase of 10%.
The Interim financial statements for the period 01.01-30.06.08 were published in 29.08.08 in the press (Express) and disclosed to the company;s website www.klmate.gr and to the Athens Exchange Stock website www.ase.gr |
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SINGULARLOGIC S.A. : Notification of transaction by persons under the obligation stipulated in article 13 of Law 3340/2005
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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 28/08/2008, 10.186 common shares, with a total value of 27.238,84 euro.
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INTRALOT S.A. : Conference Call Invitation for Monday, September 1st, 2008
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Constantinos Antonopoulos, Chief Executive Officer, John Pantoleon, General Director of Finance and Development, Efstathia Lanara, Accounting Director and Elias Athanasiou, Financial Analysis & Investor Relations Director, will address INTRALOT's analysts and institutional investors to present the Company's First Half 2008 results as well as to discuss the latest developments at the Company.
AGENDA: Brief Presentation
Question and Answer Session
Conference Call Details
Date: Monday September 1st, 2008
Time: Greek time 17:00 - UK time 15:00 - CET 16:00 US time 10:00 (East Coast Line)
Conference Phone GR +30 211 180 2000
Conference Phone GR +30 210 94 60 800
Conference Phone GB+ 44 (0) 800 3769 250
Conference Phone US + 1 866 288 9315
We recommend that you call any of the above numbers 5 to 10 minutes before the conference call is scheduled to start.
Digital Playback
There will be a digital playback on the 1st of September 2008 at 19:00 (GR Time).
This Service will be available until 19:00 (GR Time) September 8th, 2008.
Please dial the following numbers and the
PIN CODE: 059 # from a touch-tone telephone
Digital Playback UK: + 44 (0) 800 901 2906
Digital Playback US: + 1 866 288 9317
Digital Playback GR: +30 210 94 60 929
In case you need further information, please contact Intralot IR, Mr. Elias Athanasiou, at the telephone number: +30 210-6156000 or Chorus Call Hellas S.A., our Teleconferencing Services Provider, Tel. +30 210-94 27 300.
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VARVARESSOS S.A. : Financial Results of the first half of 2008
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VARVARESSOS S.A. turnover during the first half of 2008 reached 10,90 million EURO compared to 13,08 million EURO the corresponding period in 2007. The company' s exports came up to 7,39 million EURO. Losses before depreciation (EBITDA) have reached 664 thousand EURO contrary to profits 614 thousand EURO during the same period of 2007. Losses before taxes have reached 2,45 million EURO contrary to losses 1,19 million EURO at the same period last year. Losses after taxes reached 2,59 million EURO compared to losses 1,24 million EURO in 2007.
The aforementioned statements are posted at the company' s website www.varvaressos.gr.
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NEOCHIMIKI L.V. LAVRENTIADIS S.A. : IR Release 6M 2008
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| IR Release |
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NIREUS S.A. : Resolutions of the Extraordinary General Meeting of Shareholders of 28 August 2008
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| NIREUS SA announces that the Extraordinary General Meeting, that was held on the 28th of August, 2008 at 15:00 p.m., was attended by person or in proxy by 27 shareholders representing 19.555.577 shares out of a total 51.507.883 shares, namely 37,94%. Due to lack of the quorum required by C.L. 2190/1920 and the Company's Articles of Association, the Meeting did not discuss nor decide on the items on the agenda. The 1st Iterative General Meeting, as announced by the 25.07.2008 invitation, will be held on September the 8th, Monday at 15:00 at the Company's headquarters in Koropi, 1st km Koropiou-Varis Avenue and Demokritou Street and/or the 2nd Iterative General Meeting will be held on September the 19th, Friday at 15:00 at the Company's headquarters in Koropi, 1st km Koropiou-Varis Avenue and Demokritou Street. |
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EUROPEAN RELIANCE GEN. INSURANCE CO. S.A. : Announcement
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| The shareholder of our company Mr. Theodoros Achis, has informed us with a letter that on 21/08/2008, his holding percentage on the sum total of his voting rights of EUROPEAN RELIANCE S.A. reached to 5,0019%. This percentage is analyzed in direct holdings 0,3661% and indirect holdings 4,6358%. The indirect percentage is structured as follows: ORIZON S.A. 3,0060%, FINTENSIA S.A. 0,9171% and persons that included in case a' of article 10 of law 3556/2007 0,7127%. |
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NIREUS S.A. : Resolutions of the General Meeting of Bondholders of 28 August 2008
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NIREUS SA announces that the General Meeting of the bondholders of the Company that was held on August the 28th, 2008 at 13:00 a.m., was attended by person or in proxy by 5 bondholders representing 69.76% of the Company's outstanding bond capital.
The Meeting approved unanimously the 27.06.2008 Draft Merger Agreement by absorption of Kego SA by Nireus SA. The Agreement was drafted by the Boards of Directors of the merging companies. |
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SANYO HELLAS HOLDING S.A. : Announcement - Publication of the six month Financial Report
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Sanyo Hellas Holding SA informs investors that the financial statement and information for the period 01.01.2008 to 30.06.2008 will be published tomorrow 30/08/2008 in the newspaper Naftemporiki.
Also, on the same date, the six month Financial Report for the period ended on 30.06.2008 will be available on the Athens Stock Exchange website (www.ase.gr) and on the company's website (www.shh.gr).
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BANΚ OF CYPRUS PUBLIC COMPANY LTD : Redemption of subordinated bonds 2008/2013
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Bank of Cyprus ('the Bank'), decided to exercise its option to redeem the subordinated bonds 2008/2013 ('the Bonds') at their principal amount plus accrued interest. The date of redemption is the 3rd October 2008. The Bonds of total value euro 200 million are listed on the Luxembourg Stock Exchange.
The Bank has obtained the approval of the Central Bank of Cyprus regarding the redemption of the Bonds. |
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PROTON BANK S.A. : Notification of information as per L.3556/2007
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According to the provisions of L.3556/2007 (articles 3 (xvi), (bb) and 21), in conjunction with article 11 of Decision 1/434/3.7.2007 of the Capital Markets Commission, Proton Bank reports that Mr. Antonios Athanassoglou, Executive Vice Chairman of the BoD of the company:
- On August 27th , 2008 acquired 4,655 common registered shares of Proton Bank S.A. of a total net value of Euro 30,437.50
- On August 28th , 2008 acquired 600 common registered shares of Proton Bank S.A. of a total net value of Euro 3,953
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SPRIDER STORES S.A : Announcement of Regulated Information of Law 3556/2007
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| 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 26, 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 7,500 common shares, with a total net value of 17.225,00 euro.
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SPRIDER STORES S.A : Announcement of Regulated Information of Law 3556/2007
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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 26, 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 7,500 common shares, with a total net value of euro 17.225,00.
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SPRIDER STORES S.A : Announcement of Regulated Information of Law 3556/2007
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| 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 27, 2008, HATZIOANNOU A.B.E.E., a related legal entity with 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 44,000 common shares, with a total net value of 100.320,00 euro.
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SPRIDER STORES S.A : Announcement of Regulated Information of Law 3556/2007
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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 26, 2008, HATZIOANNOU A.B.E.E., a related legal entity with 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 120,000 common shares, with a total net value of euro 275.000,00.
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NEOCHIMIKI L.V. LAVRENTIADIS S.A. : 6M 2008 Consolidated Financial Results
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NEOCHIMIKI L.V. LAVRENTIADIS S.A. Group announced its financial results for the first half of 2008, in accordance with the International Financial Reporting Standards.
Group turnover from continued operations amounted in the first half of 2008 to euro 232.7 mil. over euro 171.3 mil. in the respective period of last year, posting a significant increase of 35.8%. This increase is attributable primarily to the business segments of base oils & rubbers, fertilizers, food and feed ingredients and bulk chemicals, which showed significant growth rates. In the field of base oils & rubber, NEOCHIMIKI's activities have been boosted through the acquisition, in 2007, of RAFINERIJA NAFTE BEOGRAD DOO (RNB), in Serbia, which has been fully integrated into the Group's structure, further underpinning its growth potential.
Consolidated gross profit from continued operations stood at euro 58.4 mil. over euro 54.1 mil. in the first half of 2007, marking an increase of 8.1%. Gross profit margin eased by 6.5 percentage points to 25.1% in the first half of 2008. This decrease is mainly attributable to the diversification of the Group's product mix, where product categories with lower profit margins partake a bigger portion of total sales as well as to the additional cost incurred from the problems in the port and the other means of transportation
Group EBITDA from continued operations amounted to euro 36.7 mil. over euro 30.8 mil. in the first half of 2007, increased by 18.9% This increase is partially due to the better control of Expenses from continued operations in alignment of the Management's strategic decision to restructure all respective cost accounts.
Consolidated profit before tax from continued operations was at euro 23.9 mil. over euro 18.7 in the respective period of last year while profits after tax and minority rights from continued operations increased by 10.9% and stood at euro 15.7 mil. It is noted that total earnings after taxes and minority rights of the first half of 2007 include euro 78.9 mil. profits from discontinued (sold) operations. Excluding the above figures, the Group's organic net profits after taxes and minority rights stand at euro 14.1 mil. for the first half of 2007.
The above figures are a most definite illustration of the absolute adherence to the group business strategy of strong consolidation in Greece and a rapid growth in the Balcans As regards specific business, in 2008 fertilizers was further strengthened through the acquisition of the Production facility of IHP PRAHOVO Group in Serbia while base oils & rubbers through the acquisition of the remaining 16.2% shares in RAFINERIJA NAFTE BEOGRAD DOO.
Pursuant to the first half 2008 financial results and in conjunction with the abovementioned developments, the Management of NEOCHIMIKI confirms its full year 2008 guidance for sales and profitability stated previously i.e.: Consolidated Sales at euro 600 mil, EBITDA at euro 100 mil, consolidated profits before taxes at euro 75 mil and profits after taxes and minority rights at euro 60 mil. |
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MINOAN LINES SA : Financial Results of the first 6-month period 2008
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| Financial Results |
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MARFIN INVESTMENT GROUP HOLDINGS SA : First-half 2008 financial results
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| See the Press Release. |
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SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA : Purchase of own shares
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| 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 29.08.2008 acquired 11.900 own shares through «EUROXX SECURITIES S.A." at the price of euro 0,77 per share and the total value of the transaction amounted to euro 9,218. |
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DIAS AQUACULTURE S.A. : 6month 2008 Consolidated Results
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Turnover: +56,57%, EBITDA +30,36%
Further growth is illustrated in the financial figures of DIAS Group for the period ended 31 June 2008 which were issued according to the International Accounting Standards and were published on 29/08/2008.
The consolidated Turnover of DIAS Group amounted to EUR 46,2 Mn compared to EUR 29.5 Mn of 2007 presenting an impressive increase of 56.57%. The remarkable increase in sales is mainly due to the enlargement of own production capacity through acquisitions that completed during the last months, but also through the broadening of the client base/new markets/new value added products.
Earnings Before Interest Tax and Depreciation (EBITDA) posted an increase of 30.36% reaching EUR 10.1 Mn versus EUR 7.7 Mn of the corresponding period of prior year. EBITDA margin stood at 21.8%, which is close to the margin of the whole year 2007, however lower than that of the relevant period of 2007 mainly due to the continuous rise in the cost of raw materials but also to the stagnant situation in sea bream prices (sea bass prices have stabilised at high levels).
Consolidated Pre Tax Profits (EBT) increased to EUR 6.1 Mn recording a positive change of 7,02% from EUR 5.7 Mn of 2007. Current profit levels although satisfactory, are certainly influenced by the increase in financial expenses as a result of the increased needs in working capital to support the significant enlargement of own production, but equally to finance the materialised acquisitions and continuous investments in production assets. To the above we should add the increase observed during the last period in the cost of funds globally.
Lastly, Earnings After Taxes and Minority Interests (EATAM) rose by 2,38% reaching EUR 4.3 Mn versus EUR 4.2 Mn for the six months 2007.
Please note that in the Groups consolidated figures in the first half of 2008, the figures of the companies POROS Fishfarming S.A. and SPARFISH S.A. are included for the first time.
Operating in a continuous uncertain and volatile global market environment, DIAS Group achieved to maintain its impressive growth rates. The constant investments in the production facilities and structures aiming to reduce production costs, combined with a number of strategic acquisitions that concluded in the last months, led Groups production capacity in excess of 20,000 tons and placed it at the top of the Mediterranean producers list globally. The aforesaid capability combined with the enlargement of its client base and new markets as well as the extension of the end-product range with more value added and higher margin products, led to an impressive increase of sales, something that is estimated to continue for the whole year 2008.
Moreover, the above factors are affecting positively the preservation of profit margins at satisfactory levels absorbing completely the pressure deriving from the weak Sea Bream prices as well as the price increase in some raw materials. The ongoing restructuring and homogenization plan at Group level to benefit from the economies of scale formed, and the significant cost containment as a result of a flexible management team structure, are ensuring the Group a successful performance path for 2008 relative to that of 2007. |
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INTRACOM S.A. HOLDINGS : Press Release Financial Results 6M 2008
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| Press Release |
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HELLENIC EXCHANGES S.A. HOLDING : Announcement of regulated information according to Law 3556/2007
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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 29.08.2008 that it purchased on 27.08.2008 12,700 HELEX common registered shares with a total value of euro 95,900.10
2. on 29.08.2008 that it sold on 27.08.2008 3,300 HELEX common registered shares with a total value of euro 24,356.00
3. on 29.08.2008 that it purchased on 28.08.2008 3,300 HELEX common registered shares with a total value of euro 25,072.50
4. on 29.08.2008 that it sold on 28.08.2008 1,300 HELEX common registered shares with a total value of euro 9,932.10
The above transactions were made for the derivatives market making account.
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ANEK LINES S.A. : Press Release: Financial Results for the first semester 2008
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Anek Lines SA announces the company's financial highlights for the six months period ended 30 June 2008:
1. COMPANY RESULTS
Turnover
Turnover of parent company for the first half of 2008 amounted to euro 101.5 million, compared to euro 100.6 million at the end of June 2007, increased by 1%.
Respectively, the group revenues stood at euro 114.9 million versus 111.8 million the relative pe-riod of 2007, increased by 3%.
Cost of Sales
Cost of Sales before depreciation and amortization of parent company in the first semester of 2008 amounted to euro 86.6 million against 71.8 million for the first half of 2007 increased by 14.8 mil-lion (21%). This variation is mainly due to the dramatic increase in fuel prices that remain the most important cost factor for the specific business sector, and affected significantly the financial results of the Company and the Group. Additionally, the cost of sales was affected from increased repairs and maintenance cost of vessels. All other factors of cost remained, more or less, at the same level to the comparable period.
EBITDA
Due to the aforementioned factors the results before interest, taxes, depreciation and amortization (EBITDA) of the Company stood at -0.7 million versus 13.9 million the first half of 2007. It is men-tioned that due to sharp seasonality in the business sector of passenger ferry shipping, the results of the first semester are not indicative for the full year results. The decrease in fuel prices during the last period is expected to improve significantly the results of the second semester of 2008.
Correspondingly, the results before interest, taxes, depreciation and amortization (EBITDA) of the Group amounted to euro -2.3 million versus profit 13.8 million the first half of 2007.
Results after taxes
The net results after taxes for the period ended 30 June 2008 amounted to euro -13.0 million com-pared to euro -1.3 million in the responding period of 2007.
Group?s net results after taxes and minority interests stood at euro -14.1 million against euro -1.7 million in the first half of 2007.
2. RECENT DEVELOPMENTS
Loan Restructuring
During the first semester of 2008 the procedure of company?s long term loans restructuring com-pleted successfully and this resulted in more favorable repayment terms and significant reduction of financing cost.
Dividend payment
During July 2008 the Company completed the payment of dividends to the Shareholders for the fiscal year of 2007 total amount euro 8.1 million or euro 0.05 per share.
New routes
During April 2008 F/B PREVELIS started to serve the route Piraeus - Paros - Naxos - Ios - Santorini in Cyclades.
In July 2008 the F/B LISSOS started serving the route Piraeus - Chios - Mytilene - Lemnos - Thes-saloniki with favorable results.
F/B Elyros
The refurbishment of newly acquired vessel F/B Elyros was recently completed and is expected to reinforce ANEK's fleet soon. The capitalized expenditure for the 1st semester 2008 concerning the F/B Elyros reconstruction stood at euro 26.6 million.
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ATTICA HOLDINGS S.A. : Press Release: Financial Results for the first semester 2008
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| See the Press Release. |
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PROTON BANK S.A. : New Member in the Board of Directors
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PROTON Bank S.A. announces a change in its Board of Directors. More specifically, on the Board meeting of August 29th 2008, Mrs Sotiria Massaveta - Theodossi was elected as a new member, in replacement of Mr. Elias S. Tsotakos, who resigned from the Board. Mrs Sotiria Massaveta - Theodossi has been elected as an Executive Member. The election of the new member will be submitted to the next General Meeting for approval.
Consequently, the Board of Directors of PROTON Bank S.A., consists of the following members:
1. Angeliki N.Frangou, Chairman, Non-Executive Member
2. Anthony I. Athanassoglou, Executive Vice-Chairman, Executive Member
3. Elias G. Lianos, Managing Director, Executive Member
4. Athanasios J. Papaspiliou, Executive Member
5. Dimitrios G. Saramantis, Executive Member
6. Sotiria Massaveta - Theodossi, Executive Member
7. Loucas N. Valetopoulos, Non-Executive Member
8. George P. Minettas, Non-Executive Member
9. Markos A. Foros, Non-Executive Member
10. Alexandra G. Stavropoulou, Independent Non-Executive Member
11. Panagiotis D. Alexakis, Independent Non-Executive Member
According to Article 9 of the Articles of Association of the Bank, the above Board of Directors is of three-year tenure, starting from September 7th, 2006, which is the date of the Extraordinary General Meeting and will expire upon the election of the new Board of Directors by the Ordinary General Meeting of year 2009. The tenure may not exceed four (4) years. |
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SPRIDER STORES S.A : Announcement of Regulated Information of Law 3556/2007
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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 27, 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 9,190 common shares, with a total net value of euro 20.857,83.
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SPRIDER STORES S.A : Announcement of Regulated Information of Law 3556/2007
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| 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 27, 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 9,190 common shares, with a total net value of euro 20.857,83.
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SPRIDER STORES S.A : Announcement of Regulated Information of Law 3556/2007
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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 28, 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 2,750 common shares, with a total net value of euro 6.160,00.
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MYTILINEOS HOLDINGS S.A. : Announcement of Acquisition of Owned Shares
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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, on 29.08.2008 it proceeded to the acquisition of owned shares as follows:
1. Through the stock exchange member "EFG EUROBANK Securities S.A.", the Company acquired 30.000 shares of a total value of euros 241,345.87 at an average acquisition price of euros 8.04 per share.
2. Through the stock exchange member "NATIONAL P&K Securities S.A.", the Company acquired 20.000 shares of a total value of euros 160,279.34 at an average acquisition price of euros 8.01 per share. |
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ΑΧΟΝ S.A. HOLDING : ANNOUNCEMENT -
On the completion of the ordinary tax audit of the company ACHAIKI HIGH TECHNOLOGY INDUSTRY
S.A.
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ΑΧΟΝ S.A. HOLDING : ANNOUNCEMENT
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ALAPIS S.A : Acquisition of own shares on 29/8/2008
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| In accordance with article 4, par. 4 of Regulation 2273/2003 of the Committee of European Union" ALAPIS HOLDING INDUSTRIAL AND COMMERCIAL SOCIETE ANONYME OF PHARMACEUTICAL, CHEMICAL AND ORGANIC PRODUCTS" announces that following the resolution of the General Meeting of the Shareholders dated February 4, 2008 and the Board of Directors' resolution dated June 26, 2008, and in accordance with article 16 of L.2190/1920, during the trading session of August 29th, 2008, acquired 230,000 own shares through "PIRAEUS AEPEY" at the average price of Euro 1.75 per share and the total value of the transaction amounted to Euro 401,426.58. |
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GEK GROUP OF COMPANIES S.A. : Financial Results for the first semester 2008
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According to the interim financial statements of 30/06/2008, compiled in accordance with International Financial Reporting Standards, the first quarter 2008 financial results of the GEK group are as follows:
Consolidated turnover of GEK amounted to 301.4 mil. euro, compared to 198.1 mil. euro in the first half of 2007, increased by 52.4%.
Operating earnings before depreciation (EBITDA) of GEK group amounted to 52.9 mil. euro, increased by 27.1% compared to the same period of last year. Operating earnings (EBIT) amounted to 37.2 mil. euro compared 31.8 mil. euro in the first half of 2007, increased by 16.9%. Respectively, earnings before taxes of GEK group amounted to 35.1 mil. euro compared to 34.1 mil. euro in the same half of 2007, increased by 2.9%. Net earnings after minority interest amounted to 15.7 mil. euro, compared to 17.8 mil. euro in the same period of 2007, decreased by 11.8%.
The net debt position of the Group amounted to 92.6 mil. euro, while share capital amounted to 726 mil. euro.
Regarding individual activities of the Group, in Real Estate sector, the operating earnings (EBIT) amounted to 19.8 mil. euro compared to 18.2 mil. euro in the first half of 2007, increased by 8.8%. Besides the Greek market, the Group is strongly active in the regions of Balkans and South Eastern Europe holding land that either already develops or it will soon start to develop.
In the concessions sector, the operating earnings before depreciation amounted to 6.3 mil. euro compared to only 0.8 mil. euro in the first half of 2007, significantly increased due to the operation of the Ionia Road project and the operation of car park stations.
In the energy sector from thermal sources, revenues amounted to 27.8 mil. euro and the operating earnings before depreciation (EBITDA) amounted to 4.6 mil. euro compared to 6.7 mil. euro in the respective period of 2007. Also, the Group constructs its second thermoelectric factory in Viotia having a power of 435 MW which is expected to be included in the system during 2009, while it also prepares the third thermoelectric unit with similar power.
Regarding the consolidated results of TERNA, turnover amounted to 264.6 mil. euro, increased by 54.6%. Earnings before interest tax depreciation and amortisation (EBITDA) increased by 20%, amounting to 28.1 mil. euro compared to 23.4 mil. euro. Earnings before tax increased by 1% and amounted to 18.6 mil. euro, compared to 18.4 mil. euro in the same period of 2007.
Net earnings after tax and after minority interest amounted to 5.3 mil. euro compared to 11.9 mil. euro, decreased by 55.4% due to the increased deferred taxation as a result of the coming merger with GEK SA but also due to significant amount of earnings in the same period f the previous year.
The construction backlog of TERNA amounts to approximately 2 bil. Euro and 1/3 of this refers to projects taking place in the Middle East and Balkans areas.
In the first half of 2008, revenues from the construction activity amounted to 234.5 mil. euro increased by 51.8% while the operating earnings (EBIT) amounted to 12.2 mil. euro compared o 2.5 mil. euro in the same period of 2007.
In the sector of Renewable Energy Sources (RES), TERNA ENERGY, subsidiary of TERNA SA, operates installations producing power of 118 MW, while within the year is expected that additional 59 MW would become operational. Revenues from RES amounted to 10.2 mil. euro, while operating earnings (EBITDA) exceeded 6.4 mil. euro in the first half of 2008.
Regarding the merger between GEK and TERNA, the procedures are under progress and its completion is expected in the fourth quarter of the year.
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SPRIDER STORES S.A : Announcement of Regulated Information of Law 3556/2007
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| 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 28, 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 2,750 common shares, with a total net value of euro 6.160,00.
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BLUE STAR MARITIME S.A. : Press Release: Financial Results for the first semester 2008
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REVENUE INCREASED BY 11.9%
EARNINGS AFTER TAX STOOD AT 8.03 MLN IN THE FIRST HALF OF 2008
The Board of Directors of Blue Star Maritime S.A. announces that in the first half of 2008, consolidated revenue stood at Euro 86.75 mln against Euro 77.53 mln in the first half of 2007, an increase of 11.9%. Earnings before taxes, investing and financial results, depreciation and amortization (EBITDA) stood at Euro 19.18 mln against Euro 20.69 mln (7.3% decrease) while Earnings after tax and minority interests stood at Euro 8.03 mln against Euro 9.55 mln in the same period of previous year.
The Group's key financials for the first half of 2008 compared to the first half of 2007 are:
In Euro thousand Η108 Η107 Ch.%
(except sailings)
Sailings 2,078 2,181 -4.7%
Revenue 86,752 77,535 +11.9%
Earnings before Taxes,
Investing & Financial Results,
Depreciation &
Amortization (EBITDA) 19,176 20,689 -7.3%
Earnings after Tax
& Minority interests 8,030 9,556 -15.6%
Contributing to the growth in revenue was the marked improvement in total volumes carried in the Greek domestic market, where revenue grew to Euro 66.87 mln against Euro 57.67 mln in the first half of 2007 (15.94% increase) despite the decrease of sailings by 5.17%. This revenue increase has offset the operational cost increase, resulted by the higher fuel oil prices in the specific market.
Lastly, the improvement in load factors, both in passengers as well as in freight units, across the Greece - Italy routes, also contributed to the revenue growth, where, in a highly competitive environment, Blue Horizon?s revenue remained stable, despite the decrease of sailings by 14.84% compared to the same period last year.
The Group's EBITDA and financial results after taxes posted a decrease despite the revenue increase. This development was mainly due to the fact that the average price of heavy fuel oil rose by 60% compared to the average price of the same period of the previous year. The Group?s total expenses for fuel oil and lubricants rose by Euro 8.7 mln compared to the first half of 2007.
The most important developments in our Group in the course of the first half of 2008 were:
In January 2007, the results of the Mandatory Public Offer of MIG SHIPPING S.A. were announced to the shareholders of BLUE STAR MARITIME S.A., according to which MIG SHIPPING S.A., MIG HOLDINGS S.A. and ATTICA HOLDINGS S.A. held shares representing the 84.45% of the company's share capital.
The Annual General Meeting at 19.05.2008 approved the distribution of dividend of Euro 0.08 per share. The dividend payment to the shareholders commenced on 23rd June, 2008.
In May 2008, Blue Star Ferries announced its decision to hold stable the ticket prices in the Greek domestic routes during summer season, despite the continuous fuel price increase.
On 28th May, 2008, the Company announced the discontinuation of the Zeebrugge - Rosyth route as of 14th September, 2008. The vessel Blue Star 1 will be redeployed to the Cycladic and Dodecanese Island's routes.
In June 2008, the Company's Board of Director's decided to propose to the Shareholder's General
Meeting the merger by absorption of the Company by Attica Holdings S.A. The Transformation Balance Sheet date will be the 30th of June, 2008.
Total volumes for the Group, for the first half of the
year stood at 1,688,745 passengers, 231,226 private vehicles and 81,496 freight units. Compared to the same period last year, total volumes carried grew by 5.4% in passengers, by 5.8% in private vehicles and remained stable in freight units, over 4.7% less sailings.
The Consolidated and Company Interim Financial Statements will be published in the press and will be posted on the Athens Exchange and Group (www. bluestarferries.com) websites on Saturday, 30th August, 2008.
For more information please contact:
Mr. Dionissis Theodoratos
BLUE STAR MARITIME S.A.
Τel.: +30 210 891 9820
Fax: +30 210 891 9829
e-mail: theodoratos@bluestarferries.com
www.bluestarferries.com
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TERNA ENERGY S.A. : First Half 2008 results of TERNA ENERGY
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In accordance with the financial statements of 30/06/2008, compiled in accordance with International Financial Reporting Standards, the first quarter 2008 financial results of TERNA ENERGY are as follows:
Consolidated turnover amounted to 35.9 mil. euro, compared to 25.5 mil. euro in the first half of 2007, increased by 40.8%.
Operating profits before depreciation (EBITDA) amounted to 11.8 mil. euro, increased by 8.7% compared to the same period of last year, while earnings before interest and tax (EBIT) amounted to 9.6 mil. euro higher by 100.3%.
Net earnings after minority interest amounted to 10.5 mil. euro, compared to 5.4 mil. euro in the same period of last year, increased by 96.8%.
The net position of the Company amounts to 353.7 mil. euro.
The company already operates 118 MW, while within the coming quarters is expected to install additional 59 MW of RES in Greece. TERNA ENERGY holds production licences for additional 545 MW of wind parks and 112 MV of thermoelectric projects, while it has submitted applications to acquire production licences that exceed 2300 MW.
Also, the efforts to expand its operations in targeted countries outside Greece continue: the Company is measuring the wind characteristics and power in selected locations while it also examines the possibility of forming alliances with local companies that have similar business objective.
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SINGULARLOGIC S.A. : Financial Results 1st half 2008
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SingularLogic Group continues on an exponential growth during the first half of 2008, reinforcing the leading position in the Greek Software Applications and IT Services Market and drastically improving profitability. This is highlighted by the financial results of the 1st half of 2008 announced today.
Specifically:
-Consolidated Turnover euro 47.5 Mio vs. euro 34.3 Mio in 2007, showing an increase of 38,6%
-Consolidated EBITDA over-doubled vs. 2007 and reached euro 8.3 Mio (was euro 3.8 Mio)
-Consolidated EBT increased by euro 5.5 Mio amounting to euro 6.2 Mio vs. euro 0.7 Mio in the first half of 2007
-Earnings after tax and minority interests increased by ? 5 Mio (+404%) amounting to euro 3,7 Mio.
During the first half of 2008, SingularLogic group expanded its customer installed base, undertaking new important projects in the Banking Sector, in Telecommunications, in the Retail Sector, as well as in the Commercial and Services market including Large and Small-Medium Enterprises. In addition, the group has undertaken new projects in the Public Sector, while the order book and the projects under claim, in the Private and Public sector, ensure the continuity of the positive course for the remainder of 2008, but also for 2009.
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TERNA S.A. : Financial Results 1st half 2008
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According to the interim financial statements of 30/06/2008, compiled in accordance with International Financial Reporting Standards, the first quarter 2008 financial results of the GEK group are as follows:
Consolidated turnover of GEK amounted to 301.4 mil. euro, compared to 198.1 mil. euro in the first half of 2007, increased by 52.4%.
Operating earnings before depreciation (EBITDA) of GEK group amounted to 52.9 mil. euro, increased by 27.1% compared to the same period of last year.
Operating earnings (EBIT) amounted to 37.2 mil. euro compared 31.8 mil. euro in the first half of 2007, increased by 16.9%. Respectively, earnings before taxes of GEK group amounted to 35.1 mil. euro compared to 34.1 mil. euro in the same half of 2007, increased by 2.9%. Net earnings after minority interest amounted to 15.7 mil. euro, compared to 17.8 mil. euro in the same period of 2007, decreased by 11.8%.
The net debt position of the Group amounted to 92.6 mil. euro, while share capital amounted to 726 mil. euro.
Regarding individual activities of the Group, in Real Estate sector, the operating earnings (EBIT) amounted to 19.8 mil. euro compared to 18.2 mil. euro in the first half of 2007, increased by 8.8%. Besides the Greek market, the Group is strongly active in the regions of Balkans and South Eastern Europe holding land that either already develops or it will soon start to develop.
In the concessions sector, the operating earnings before depreciation amounted to 6.3 mil. euro compared to only 0.8 mil. euro in the first half of 2007, significantly increased due to the operation of the Ionia Road project and the operation of car park stations.
In the energy sector from thermal sources, revenues amounted to 27.8 mil. euro and the operating earnings before depreciation (EBITDA) amounted to 4.6 mil. euro compared to 6.7 mil. euro in the respective period of 2007. Also, the Group constructs its second thermoelectric factory in Viotia having a power of 435 MW which is expected to be included in the system during 2009, while it also prepares the third thermoelectric unit with similar power.
Regarding the consolidated results of TERNA, turnover amounted to 264.6 mil. euro, increased by 54.6%. Earnings before interest tax depreciation and amortisation (EBITDA) increased by 20%, amounting to 28.1 mil. euro compared to 23.4 mil. euro. Earnings before tax increased by 1% and amounted to 18.6 mil. euro, compared to 18.4 mil. euro in the same period of 2007.
Net earnings after tax and after minority interest amounted to 5.3 mil. euro compared to 11.9 mil. euro, decreased by 55.4% due to the increased deferred taxation as a result of the coming merger with GEK SA but also due to significant amount of earnings in the same period f the previous year.
The construction backlog of TERNA amounts to approximately 2 bil. Euro and 1/3 of this refers to projects taking place in the Middle East and Balkans areas.
In the first half of 2008, revenues from the construction activity amounted to 234.5 mil. euro increased by 51.8% while the operating earnings (EBIT) amounted to 12.2 mil. euro compared o 2.5 mil. euro in the same period of 2007.
In the sector of Renewable Energy Sources (RES), TERNA ENERGY, subsidiary of TERNA SA, operates installations producing power of 118 MW, while within the year is expected that additional 59 MW would become operational. Revenues from RES amounted to 10.2 mil. euro, while operating earnings (EBITDA) exceeded 6.4 mil. euro in the first half of 2008.
Regarding the merger between GEK and TERNA, the procedures are under progress and its completion is expected in the fourth quarter of the year.
Σημειώσεις
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PROTON BANK S.A. : Η1 2008 Financial Results
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| See the Press Release. |
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ELLAKTOR S.A. : Announcement.
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| ELLAKTOR's management announces that in order to fully inform the investment community and pursuant to the conference call that will take place on 1st September 2008 at 15.00, the presentation regarding 1st Half 2008 Group's Financial Results is available at the company's website as well as the website of the Athens Exchange.
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