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30/05/2008
ATHENS MEDICAL C.S.A. AEGEAN AIRLINES S.A. SFAKIANAKIS S.A. Forthnet S.A. MARFIN EGNATIA BANK PIRAEUS PORT AUTHORITY SA AUTOHELLAS S.A. BABIS VOVOS INTERNATIONAL TECHNICAL S.A. LAMDA DEVELOPMENT S.A. INTRACOM S.A. HOLDINGS AUTOHELLAS S.A. CENTRIC MULTIMEDIA S.A. ATTICA HOLDINGS S.A. I. KLOUKINAS - I. LAPPAS S.A.CONSTR. AND COM.COMP. EUROPEAN RELIANCE GEN. INSURANCE CO. S.A. MOTOR OIL (HELLAS) CORINTH REFINERIES SA NEOCHIMIKI L.V. LAVRENTIADIS S.A. BLUE STAR MARITIME S.A. EUROMEDICA S.A. ELLΙNIΚΙ TECHNODOMIKI TEB S.A. MOTORCYCLES AND MARINE ENGINE TRADE AND IMPORT COM MARFIN POPULAR BANK PUBLIC CO LTD KNITWEAR FACTORY MAXIM C.M. PERTSINIDIS IASO S.A. BANK OF GREECE KNITWEAR FACTORY MAXIM C.M. PERTSINIDIS BANK OF GREECE TECHNICAL OLYMPIC S.A. ELLΙNIΚΙ TECHNODOMIKI TEB S.A. ΑΧΟΝ S.A. HOLDING MARITIME COMPANY OF LESVOS S.A. EFG EUROBANK ERGASIAS SA. VARVARESSOS S.A. MARFIN POPULAR BANK PUBLIC CO LTD ASPIS BANK S.A. ELLΙNIΚΙ TECHNODOMIKI TEB S.A. TELETIPOS S.A. MINOAN LINES SA THESSALONIKI PORT AUTHORITY S.A. TERNA ENERGY S.A. ANEK LINES S.A. SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA HELLENIC DUTY FREE SHOPS S.A. DROMEAS S.A. OFFICE FURNITURE INDUSTRY SPRIDER STORES S.A GEK S.A. - TERNA S.A. HELLENIC EXCHANGES S.A. HOLDING ELLΙNIΚΙ TECHNODOMIKI TEB S.A. MICROLAND COMPUTERS S.A. ALTEC S.A. INFORM. & COMMUN. SYST.
ATHENS MEDICAL C.S.A. : Announcement
Athens Medical Center S.A. informs the investor community that the annual presentation to the analysts will take place on Monday June 2nd, in line with the financial calendar. This presentation will take place at the company's headquarters at Filadelfeos & Kefalariou 1 Str, Kefalari Sqr, at 9.00 a.m.
AEGEAN AIRLINES S.A. : Regulated information according to law 3556/2007
AEGEAN AIRLINES S.A. announces, that according to L. 3556/2007 (art.3 and art. 21) in combination with the resolution of the Hellenic Capital Market Commission 1/434/3.7.2007 (Art.11), Mr. Eftichios Vassilakis, Executive Vice Chairman of the company's Board of Directors purchased 10,000 shares of Aegean Airlines of total value Euro 49,748 on 29/5/2008.
SFAKIANAKIS S.A. : SIGNIFICANT INCREASE OF SALES AND MARKET SHARE IMPRESSIVE INCREASE OF PROFITABILITY IN THE FIRST QUARTER OF 2008
In line with the exceptionally quick growth rates attained by SFAKIANAKIS Group of companies are the results of the first quarter of 2008, continuing the uptrend of its financial figures for the sixth consequent year. Suzuki car sales during the first quarter of 2008 presented an increase of 15.4% and the relevant registrations presented an increase of 5.5% compared to the first quarter of 2007. This leaded to an increase of market share based on registrations, from 5.3% on 31/03/2007 to 5.6% on 31/03/2008 increased by almost 6%. Motorcycles sales during the first quarter of 2008 presented an impressive increase of 53%, the registrations presented an increase of 36%, while market share was formed to 9.5% compared to 6.5% of the respective quarter of 2007, presenting an increase of 42%. In SFAKIANAKIS S.A. financials, for the first quarter of 2008, are also included the retail selling activities of cars Ford, Volvo, Fiat, Alfa Romeo & Lancia, coming from the buy-out of the retail and spare parts activities of Kontellis group of companies. Company 's turnover, during the first quarter of 2008, amounted to euro 95.8 mil., while operating income amounted to euro 12.0 mil. and net profit after tax reached to euro 6.9 mil. At group level, turnover during the first quarter of 2008 amounted to euro 115.7 mil. increased by 18.7% compared to the respective period of 2007 and EBITDA amounted to euro 16.7 mil. increased by 20% compared to the respective quarter of 2007. Significant increase by 26.3% presented consolidated net profit before tax which reached to euro 8.7 mil. while net profit after tax increased amounted to euro 6.4 mil. increased by 38.1% compared to euro 4.6 mil. of the relevant period of 2007. Group 's equity reached euro 124.3 mil. increased by 13.7% compared to the equity of euro 109.3 mil. of the respective 2007 quarter. The results of the first quarter of 2008 affirm the strategy for continuous growth of SFAKIANAKIS Group of companies through buy-outs but also the organic increase of the basic sectors of its activities. In this framework on February 2008 the absorption of the retail activities (Ford, Volvo, Fiat, Alfa Romeo, Lancia) and the spare parts sector (Ford) of Kontellis group of companies was completed, on May 2008 the absorption of the respective activities of G. Koulouris S.A. (BMW) was completed while it is in progress the completion of the agreement for the acquisition of Ergotrak S.A. (Linde, Case, Cummins, Hitachi, Compare, Ausa) from S&B. Sfakianakis Group of companies is currently active in Greece, Cyprus, FYROM and Bulgaria, with a workforce of over 1,700.
Forthnet S.A. : Results for the 1st Quarter '08 and Trading Update
- 133k active ULL customers at the end of May '08 - 27% revenue growth in the 1st quarter '08 - Greece's leading Broadband unbundler with c30% overall market share - c32% market share in 1Q '08 net ULL activations with 31k net adds - Emphasis is shifting to Unbundling at the expense of wholesale - As a result the Company expects that during H2 '08 will turn EBITDA positive Local Loop Unbundling Forthnet continued its progress in unbundling with improving overall market share in the ULL market during 1Q '08. Forthnet ULL Customer Base 1Q '08 4Q '07 3Q '07 2Q '07 1Q '07 New ULL net activations 30,810 33,820 27,300 14,130 1,150 Market Share in New Adds 32% 30% 42% 25% 6% Total ULL 107,210 76,400 42,580 15,280 1,150 Overall Market Share 30% 28% 26% 16% 3% Forthnet is the leading unbundler in Greece with a c30%overall market share and c32% in 1Q net adds. Forthnet 2Play continuous its strong uptake, constituting 72% of Forthnet's active ULL subscriber base with monthly ARPU for the 1Q at euro 43 (excl. VAT). Forthnet at the end of May '08 had 133,000 active ULL customers. As unbundling accelerates the company is moving the emphasis away from wholesale broadband and CPS telephony. Forthnet Broadband Customer Base 31/03/08 31/12/07 30/09/07 31/03/07 Forthnet Broadband subscribers 216,776 200,346 189,267 127,971 Quarterly net additions 16,429 11,089 26,427 26,908 Forthnet active ULL subs 107,210 76,400 42,580 1,150 The number of broadband customers at the end of March stood at 217k customers. The ULL focus rather than wholesale broadband or CPS services 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 second half of '08. In an effort to increase further its appeal to the consumer market, Forthnet is expanding the retail network of Forthnet branded shops. In May '08, the number of Forthnet Broadband shops, through mainly franchised stores was 74. This number is expected to grow to 100 by year end. During the 1st quarter of '08, Forthnet reported total revenues of euro 33.6m recording a 27% growth for the quarter, driven by ULL Broadband customers and services. Consolidated 1Q '08 Revenues Revenue Breakdown (in '000 euro) 1Q '08 1Q '07 % change Direct Retail Services 10,962 52 20955.3% Indirect Retal Services 11,524 17,396 -33.8% Business Services & Applications 11,127 9,034 23.2% Total Revenues 33,613 26,482 26.9% 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. Key Results (in '000 euro) 1Q '08 1Q '07 Turnover 33,613 26,482 Reported EBITDA -7,917 -5,830 Stock Option Plan valuation -6,449 -493 Adjusted EBITDA for Stock Option Plan -1,468 -5,337 Pre-tax Loss -16,257 -9,715 Adjusted Pre-tax Loss for Stock Option Plan -9,808 -9,222 Losses after tax and minority rights -12,542 -7,393 Capital Expenditures 18,411 8,434 The 1st quarter results were affected by a non-recurring and non-cash item relating to the valuation of the Company's stock option plan amounting to euro 6.4m. The remaining cost of the Company's 2006-2012 employee stock option plan was recognized in Q1 '08 without affecting the cash and/or equity position of the Company. Adjusted EBITDA for the period was loss-making at euro 1.5m, against a loss of euro 5.3m in Q1 '07. Adjusted pre-tax losses stood at euro 9.8m compared to euro 9.2m in Q1 '07. Capital Expenditure for the 1st quarter reached euro 18.4m against euro 8.4m in '07 as the Company is accelerating the execution of its announced investment plan. Collocation sites and Forthnet backbone 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 141 Exchanges. Over the next months the remaining local exchanges will become operational. Finally, the Company has achieved the majority of the planned Network Capex . This announcement may not be released distributed or otherwise published, directly or indirectly, in or into the United States, Australia, Canada or Japan. This announcement and the information contained herein does not contain or constitute an offer for sale, or solicitation of an offer to purchase shares in the Company, in the United States, Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would be unlawful. This announcement is being distributed only to and is directed only at (a) persons outside the United Kingdom, (b) persons who have professional experience in matters relating to investments, i.e. investment professionals within the meaning of the Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended ("the Order"), and (c) high net worth companies, unincorporated associations and other bodies to whom it may otherwise lawfully be communicated in accordance with Article 49(2)(a) to (d) of the Order (all such persons together being referred to "as relevant persons"). Any person who is not a relevant person should not act or rely on this announcement or any of its contents
MARFIN EGNATIA BANK : Announcement according to Law 3556/2007
MARFIN EGNATIA BANK S.A. announces that according to the Law 3556/2007, the Decision 1/434/03.07.2007 and the Circular nr. 33 of the Hellenic Capital Market Commission that on May 29, 2008, MARFIN POPULAR BANK PUBLIC CO LTD, which is closely associated to Mr. Andreas Vgenopoulos, an Executive Member of the Board of Directors of MARFIN EGNATIA BANK, bought 20,434 common shares of the Bank, with total net value of Euro 107,476.16.
PIRAEUS PORT AUTHORITY SA : Appointment of Head in the Internal Audit Department
It is notified that after a PPA S.A Board of Directors decision, Mrs. Dimitreli-Liakopoulou Ioanna was appointed as Head of Internal Audit Department from 1-6-2008, replacing Mrs. Abramopoulou-Skordylaki Maria, who was pensioned off.
AUTOHELLAS S.A. : Decisions of the general shareholders' meeting
In accordance to article 278 of the Athens Stock exchange regulation, Autohellas announces that its annual General Shareholders'Meeting, took place on May 29th 2008 at 14:00 and with 75,73 % of the share and votes present or represented. In the annual Shareholders Meeting where 16 shareholders present, while 9 shareholders were represented by third parties. The following decisions where unanimously taken: 1. Approval of the annual financial statements (Company and Group) for the fiscal year ending 31/12/2007, the Board of Directors annual Report and the Auditors report. 2. Approval for the release of the board of directors and auditors from any responsibility for claims, for the fiscal year ending 31/12/2007. 3. Has selected mr Panagiotis Vroustouris as tactical certified auditor and Ms Maria Harou as a substitute certified auditor for the year 2008 and has approved their remuneration for 2008 and the first semester of 2009. 4. Has approved a dividend payment of euro 0.18 per share. Shareholders who are on record at the end of the trading day on the 3rd of June 2008 are entitled to the dividend. As of the 4th of June 2008, which is the ex-dividend day, the shares will trade in the Athens Exchange without the right to dividend. Dividend payment will be made on Thursday the 12th of June through the National Bank of Greece, with the following payment methods: - Through the Operators of the Greek Dematerialized Securities System (DSS/SAT). - For shareholders for whom payment through the Greek Demateriaized securities system has been unsuccessful, payment will be made through the branch network of the National Bank of Greece, directly to the shareholder given the disclosure of identification card and a copy of the DSS/SAT data. - After a lapse of one (1) year from the announced dividend payment date, (from the 12th of June 2009) payment will only be possible through the company's lead offices, 31 Viltanioti str, 145 64, kifisia, Athens, Greece. 5. Approved the compensation paid to the members of the board of directors for the year 2007, and determined their compensation for the year 2008. 6. Approved the amendment of article 2 of the company s articles of association. 7. Approved the alteration, addition, abolishment and re-numbering of clauses of the articles of associations in order to adjust it to law 2190/1920 as it has been changed by law 3604/2007, and in more detail articles 1,3,5,6,7,8,9,10,11,12,13,15,21,22,23,25,28 and 31, and by abolishment of articles 14,16,17,18,19,20,24,26,27,29,30. 8. Approved the channeling of information through the use of electronic means (article 18 L.3556/2007)
BABIS VOVOS INTERNATIONAL TECHNICAL S.A. : 1st Quarter 2008 Financial Results
NAV (net asset value) per share before deferred tax stood at euro 19.44, a 3.9% decrease year-on-year and a 2.6% decrease compared to Q4 2007. The NAV decrease over year end 2007 derived from the fact that there was a significant increase of the finance expenses due to the mark-to-market of the Group's interest rate swap and limited sales of assets during the period. NAV per share after deferred tax stood at euro 15.43, a 1.6% decrease year-on-year and a 1.2% decrease over Q4 2007. BVIC Group's investment properties for Q1 2008 reached euro 1,257 million, increased by 5% year-on-year, and 2% from Q4 2007. The quarterly increase of euro 25.6 million stemmed from a euro 14.3 million in construction cost addition relating mainly to the Votanikos shopping mall and the commercial and office building at 340 Syggrou Avenue. Moreover, in the 1st quarter of 2008, BVIC Group repurchased from Proton Bank the 4th floor (1,000 sqm of GLA) as well as 23 parking spaces at the office building at 1-3 Kifissias Avenue which was developed by the Group. This asset was valued at euro 11.3 million whereas it was purchased for euro5.9 million, and a net revaluation gain of euro 5.4 million was recorded. BVIC Group's revenue stood at euro 14.5m in Q1 2008, a 3% decrease compared to Q1 2007 mainly resulting from a 30% fall in sales of assets compared to Q1 2007. During Q1 2008 sales of assets include euro 0.8m from the sale of Building B at the HELEX complex to KanAm Grund. Additionally euro1.6 million of sales was recorded from the sale of residential units at Maroussi and N. Erythrea. During the first quarter of 2007 sales revenue amounting to euro 3.4m relates to the sale of Building C at the HELEX complex to Allianz. BVIC Group's rental revenue stood at euro 11.9 million, a 4% increase compared to Q1 2007, based on the lease indexation according to Greek CPI and 100 bps. BVIC Group's EBITDA reached euro 7.9 million, recording a 67% increase over Q1 2007. This was mainly due to the fact that there was a fair value adjustment of euro 5.4 million on the investment property at 1-3 Kifissias Avenue which was repurchased during Q1 2008. In Q1 2007 there was no fair value adjustment to the Group's portfolio. Net finance expenses stood at euro25.4 million a 178% increase compared to Q1 2007, stemming mainly from a euro 13.8 million loss from the valuation of the Group's interest rate swap agreements. The above increase in finance expenses resulted in a loss after tax for the quarter of euro 6.2 million, a 20% increase compared to Q1 2007. BUSINESS UPDATE BVIC GROUP SALE & LEASEBACK AGREEMENT FOR EUR 80 MILLION In January 2008, a sale and leaseback agreement for euro80 million was signed with Emporiki Leasing and ATE Leasing. The 20 year sale and leaseback agreement covers 100% of the lettable area, and common area, as well as the parking spaces of the development under construction at 340 Syggrou Avenue. Specifically, it covers 4,587sqm of office space on the 2nd and 3rd floor, 9,185sqm of retail space on the 1st floor, ground floor and basement of Syggrou Avenue, 2,133 sqm of storage space, as well as 400 parking spaces. The Group has already signed a lease agreement with Media Markt for 81% of the retail space and 86% of the storage space and the total annual rental revenue is euro 2,340,000 for the first year leased. The remaining retail space as well as the office space is under negotiation and is expected to be let before the development is completed in July 2008. The completion of 340 Syggrou Avenue is expected to contribute circa euro1.6 per share to the NAV to be booked in Q3 2008. HOTEL DEVELOPMENTS a. Hotel development in Pountazeza Sounio In January of 2008, BVIC received the third and final building permit for the Sounio project. The total Gross Lettable Area (GLA) of the three five star hotel units will be approximately 12,000 sqm located on a 67,000 sqm sea-side plot. The development will commence immediately and will be completed within 15 months. b. Hotel development in Trizina Poros The Group is completing the development of a five star hotel with 291 rooms (670 beds) located on a 85,000 sqm sea-side plot. The development will be completed within the 3rd quarter of 2008. CONSTRUCTION OF THE VOTANIKOS SHOPPING MALL The development of the shopping mall at Votanikos (Aghias Annis and Aghiou Polycarpou Str.), is proceeding smoothly, works are underway according to the provisions of L.3481/2006. The demolition, excavation and supporting works which commenced in April 2007 are already completed. Following the issuance of a building permit (No 278/2008) by the Urban Planning Department of the Municipality of Athens the construction works for part of the shopping mall have commenced. Specifically, the building permit allows the development of 32,160 sqm over three basement levels, out of a total basement area of 81,000 sqm. The issuance of the building permit for the whole of the development is proceeding according to plan and the project is on target for completion by the end of Q3 2009.
LAMDA DEVELOPMENT S.A. : Announcement
LAMDA Development S.A., listed in the Athens Exchange, announces that as from 2.6.2008 the market making of its shares will continue in order to improve liquidity. The market maker will continue to be the member of the Athens Exchange, National P&K Securities S.A. LAMDA Development has signed an agreement for an additional one year for market making services with National P&K Securities SA.
INTRACOM S.A. HOLDINGS : Financial Results Q1 2008
Press Release
AUTOHELLAS S.A. : Press release
A dividend per share of euro 0.18 for 2007 has been approved be the Annual Shareholders Meeting of Autohellas SA, that took place on the 29th of May 2008. Shareholders who are on record at the end of the trading day on the 3rd of June 2008 are entitled to the dividend. Ex dividend date is the 4th of June 2008 and payment will be made on Thursday 12th of June 2008 through the National Bank of Greece. As far as the economic results are concerned, Autohellas reported an increase in consolidated turnover, reaching euro 127 mill from euro 116.9 mill in 2006, an increase of 8.6%, while earnings before tax, financial, investment activities and depreciation were euro 75.1mill from euro 69.1mill, an increase of 8.6% as well. Consolidated earnings after tax and minority rights for 2007 were euro 15.5 mill, reporting a decrease of euro 2.5mill, but if we exclude from the previous year the one-off event of the sale of our participation in the company MULTIFIN, which resulted in a surplus value reported in the P&L statement of euro 4 mill, then EAT and minority rights are increased by 11%.
CENTRIC MULTIMEDIA S.A. : Announcement of regulated information of L 3556/2007
The Company CENTRIC MULTIMEDIA S.A. in accordance with the provisions of the article 21 of L. 3556/2007 and in combination with the article 11, 1/434/3.7.2007 of the Decision of the Hellenic Capital Market Committee announces that: - Mr. Rodolfo Odoni son of Fragiskos, Chairman & Managing Director of the BoD of the Company (obliged person according to article 13 of Law 3340/2005) proceed on 29/05/2008 on the purchase 11,000 common registered shares of the Company of total value 26,953.50 euro.
ATTICA HOLDINGS S.A. : Announcement or regulated information according to law 3556/2007
Attica Holdings S.A. (the Company), pursuant to the provisions of the Law 3340/2005 and the Law 3556/2007, the Decision 1/434/03.07.2007 and the Circular nr. 33 of the Hellenic Capital Market Commission, announces that MARFIN INVESTMENT GROUP HOLDINGS S.A., which is closely associated to the Vice-Chairman of the Board of Directors Mr. Andreas Vgenopoulos, bought shares of the Company as follows: a) on 28/05/2008 bought 168 shares with total value of Euro 817,07 and b) on 29/05/2008 bought 770 shares with total value of Euro 3,717.34.
I. KLOUKINAS - I. LAPPAS S.A.CONSTR. AND COM.COMP. : Resolutions of the Annual General Meeting
The company announces the resolutions of the Ordinary General Assembly of its Shareholders, which convened on 29.05.2008 at the company's registered offices, 3 Paster str., Athens. The General Meeting was in quorum and the shares of the present Shareholders represented 68,74% of the company's paid up share capital, and therefore the percentages of majority required by law, were fulfilled. The following resolutions have been reached unanimously: 1) The annual financial statements of the company for the financial year 1/1/2007-31/12/2007 (the Balance Sheet, Income Statement, Statement of changes in equity, cash flow Statement and notes to the financial statements), together with the respective reports of the Board of Directors and of the Auditors, have been approved, 2) The members of the Board of Directors and of the Auditors have been released from any liability for compensation concerning the management and the annual financial statements for the above financial year 1/1/2007-31/12/2007, 3) Mr. Ioannis Kalogeropoulos son of Vasilios (Reg.No Asscociation of Chartered Auditors 10741) has been elected as ordinary certified auditor for the financial year 2008 and Mrs. Chrisoula Tsakalogianni, daughter of Georgios, (Reg.No Asscociation of Chartered Auditors 23811) has been elected as deputy certified auditor for the financial year 2008 and their remuneration has been decided to amount to the sum of the minimum remuneration provided for in article 18 Law 2231/1994 as well according to the decisions of the Supervisory Council of the Association of Chartered Auditors, 4) There has been approved the payment from the profits of the financial year 2007, to the Board of Directors of remuneration amounting to 360.000 euro 5) It has been concluded to distribute, according to the approved by the present General Meeting Table of Profits? Distribution, dividend of the amount of 0,25 Euro per each share. Beneficiaries of the approved as above dividend are the Shareholders of the company at the time of closure of the session of the Athens Stock Exchange on 30/05/2008. As from 2/6/2008, the shares of the company shall be traded in the Athens Stock Exchange without the right of receiving the above dividend. The payment of dividend to the beneficiaries will commence on June 10, 2008 and will end on June 9, 2009. The dividend payment will be effected through National Bank of Greece S.A. (the paying agent) according to the following procedure: 1. Through the Official Users in the Dematerialized Securities System according to the distribution procedure stated in article 329 of the Athens Exchange Regulation and in article 39 of the Hellenic Exchanges S.A. Regulation. 2. Through the branches of the paying agent for shareholders who have requested the exemption of their Official User in the Dematerialized Securities System. 3. Shareholders, to whom the dividend cannot be paid through their Official Users for any reason, can collect it as of 18 June 2008 through the branches of the paying agent. In cases 2 and 3 above, shareholders can collect their dividend through any branch of the paying agent presenting their Identification Card or Passport and their Dematerialised Securities System data. Payment to a third person is possible only with the presentation to the paying agent of a duly signed authorization letter. 6) a) The Transformation Balance Sheet of the construction sector of the Company dated 31/3/2008, and the evaluation report of the construction sector dated 23/5/2008, made by the certified auditor Mr. Leonidas Mauromitrou have been approved, b) the spin off process of the construction sector of the Company has been approved, c) the transfer of the construction sector of the Company, pursuant to L. 2166/1993, to the 100% subsidiary company under the corporate name "IOANNIS KLOUKINAS - IOANNIS LAPPAS CONSTRUCTION SOCIETE ANONYME", has been approved, d) the draft of the notarial contract of the spin off process has been approved, e) the President of the Board of Directors and Managing Director Mr Ioannis Kloukinas and the Vice-President of the Board of Directors and Managing Director Mr Ioannis Lappas, have been authorized to sign on behalf of the company, each one of them acting separately, the notarial contract of the spin off of the construction sector of the Company and of its transfer to the 100% subsidiary Company under the corporate name "IOANNIS KLOUKINAS - IOANNIS LAPPAS CONSTRUCTION SOCIETE ANONYME" and f) the Board of Directors has been authorised to proceed to any necessary action for the completion of the spin off process of the construction sector of the Company and of its transfer to the 100% subsidiary Company under the corporate name "IOANNIS KLOUKINAS -IOANNIS LAPPAS CONSTRUCTION SOCIETE ANONYME". 7) The General Meeting of Shareholders has decided that the amendment of the articles 1 (referring to the corporate name of the Company) and 4 (referring to the purpose of the Company) is not necessary. On the contrary, the General Meeting has decided to amend the paragraph 2 of the Article 22 of the co" Article 22 ????.. 2. Exceptionally, the decisions provided in paragraph 3 of article 21 of the present Articles of Association are taken by a majority of 2/3 of the votes represented in the General Meeting". mpany's Articles of Association, which shall now on be as follows: 2. Exceptionally, the decisions provided in paragraph 3 of article 21 of the present Articles of Association are taken by a majority of 2/3 of the votes represented in the General Meeting". 8) There were no miscellaneous announcements.
EUROPEAN RELIANCE GEN. INSURANCE CO. S.A. : Announcement of Regulated Information According to Law 3556/2007
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 28th May, 2008, "HORIZON S.A.", a legal entity which is closely associated to the Non-Executive member of the Board of Directors Mr. Theodoros Axis, bought 3.300 common shares of the Company of total value Euro 8.252,13.
MOTOR OIL (HELLAS) CORINTH REFINERIES SA : Decisions of the Annual Ordinary General Meeting
According to article 278 of the Regulation of the Athens Exchange, the Company announces that the Annual Ordinary General Meeting was convened on May 29th, 2008 at 12:30 hours at Athens Plaza hotel, Syntagma Square and shareholders attended representing a percentage of 69.55% of the share capital. All items on the daily agenda were approved as follows: Item 1: The yearly 2007 Financial Statements (Parent Company - Consolidated) along with the relevant reports of the Board of Directors and of the Chartered Auditors were approved. Item 2: The members of the Board of Directors and the Chartered Auditors were discharged from any liability relating to the yearly 2007 Financial Statements. Item 3: A new Board was elected the members of which appear next: Vardis J. Vardinoyannis, John V. Vardinoyannis, Panagiotis N. Kontaxis, John N. Kosmadakis, Petros T. Tzannetakis, Demosthenes N. Vardinoyannis, Nikos Th. Vardinoyannis, George P. Alexandridis, George Th. Theodoroulakis, Despina N. Manolis (Ms), Konstantinos V. Maraveas, Antonios H. Theoharis. The latter two BoD members are non - executive independent. The organization of the BoD as a Body Corporate will take place shortly. Item 4: A dividend amount of euro 1.20 per share for the year 2007 was approved. Given that an amount of euro 0.20 per share was paid as interim dividend on December 12th, 2007, the dividend remainder for the year 2007 equals euro 1.00 per share. Shareholders on record on May 30th, 2008 are eligible to receive the dividend remainder. As of June 2nd, 2008 the shares of the Company will trade on the Athens Exchange ex-dividend remainder. Tuesday June 10th, 2008 was defined as the payment date through the Dematerialized Securities System (S.A.T) Operators (banks, brokerage - securities firms). Item 5: Two Chartered Auditors, one ordinary and one substitute, were elected for the year 2008 and their fees were approved. Item 6: The fees of the Board of Directors for the accounting year 2007 were approved and the respective fees for the accounting year 2008 were pre-approved. Item 7: The amendments of the Company's Memorandum and Articles of Association for adaptation purposes to the Law 3604/2007 were approved. Item 8: The amendments of certain articles of the Company's Memorandum and Articles of Association for functional and purposes were approved and more specifically (a) articles 8, 26, 28 (abolition of provisions incompatible with the fact that the Company is listed on the Stock Exchange) (b) article 29 (abolition of the requirement for an increased quorum in the case of a common bond loan) (c) article 33 (reduction of the voting percentage to 2/3 of the votes represented - from 3 / 4 previously - for items requiring increased quorum) and (d) article 37 (abolition of the provision for the duration of the first accounting year). Item 9: The formation of a taxed reserve for an amount of ? 3,629,713 concerning the capital expenditure of the Company in an investment project for the upgrading of the Hydrogen production unit (by replacing liquid naphtha with natural gas) and the Combined Heat and Power plant of the Refinery, as well as for the substitution of liquid fuel with natural gas was approved.
NEOCHIMIKI L.V. LAVRENTIADIS S.A. : Announcement.
According to article 286 of ATHEX Regulation, NEOCHIMIKI L.V. LAVRENTIADIS S.A. announces, that the IR RELEASE and a press release with the financial results of 1st quarter 2008 is published on its website, www.neochimiki-lavrentiadis.gr and on ASE's website www.ase.gr.
BLUE STAR MARITIME S.A. : Announcement of regulated information according to law 3556/2007
Blue Star Maritime S.A. (the Company), pursuant to the provisions of Law 3340/2005 and the Law 3556/2007, the Decision 1/434/03.07.2007 and the Circular nr. 33 of the Hellenic Capital Market Commission, announces that "MARFIN INVESTMENT GROUP HOLDINGS S.A.", which is closely associated to the Director, Independent, Non-Executive member of the Board of Directors Mr. Alexander Edipidis, bought 20,000 ordinary shares of the Company of total value Euro 58,092.80 on 29th May, 2008.
EUROMEDICA S.A. : Release of Q1 2008 financial results
EUROMEDICA S.A. hereby informs the investing public and shareholders that the condensed Interim Financial Statements of the Company for Q1 2008, shall be published in the newspaper KERDOS on Saturday, May 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.
ELLΙNIΚΙ TECHNODOMIKI TEB S.A. : Announcement
ELLINIKI TECHNODOMIKI TEB's management announces that in order to fully inform the investment community and pursuant to the conference call that will take place on 30.5.2008 at 18.00, the presentation regarding Q1 2008 Group's Financial Results is available at the company's website as well as the website of the Athens Exchange.
MOTORCYCLES AND MARINE ENGINE TRADE AND IMPORT COM : Announcement for dividend payment
MOTODYNAMICS S.A. announces that the Annual General Meeting of the company?s shareholders held on May 30th, 2008 approved, among others, the dividend payment of 0,42 euro per share for the fiscal year 2007. Eligible to receive dividend are the shareholders of record on Monday, 02/6/2008, after the closing of the trading session of the ATHEX. As of Tuesday, 03/6/08 the shares of the company are traded ex-dividend. Dividend payment will commence on Tuesday, 10/6/08 until 31/12/2008 and will be processed through EFG EUROBANK ERGASIAS S.A. as follows: 1. By the Account Operator, with the Dematerialized Securities System, of those shareholders who have authorized their operator to collect dividend payment. 2. By EFG EUROBANK ERGASIAS S.A. branch network, to those shareholders requesting non collection by their operator or those shareholders whose shares are kept with the Special Account of the Hellenic Exchanges. 3. For any of the shareholders that it will not be possible, for various reasons, to make the crediting via their operators, it will be possible to collect their dividend through the network of EFG Eurobank Ergasias S.A. For collection of dividend through EFG EUROBANK ERGASIAS S.A. branch network shareholders are required to submit their Identification Card. Payment of dividend to a third person will take place only with the submission of proxy, with full data of shareholders and of the beneficiary (full name, family name, Identification Card number, Tax Registry number) certified by the Authorities. Following the expiration of six (6) months as of the date of payment (i.e. as of 01/01/2009) dividend will be paid only at the company 's offices, 14th km. National Road Athens-Lamia, 145 64. For any further information shareholders may address the Shareholders Department of MOTODYNAMICS S.A., Ms. Giota Pappa (tel: 210 6293517).
MARFIN POPULAR BANK PUBLIC CO LTD : Revision of net profit target for 2008
Marfin Popular Bank Group (MPB) has sustained a solid operating performance in the first quarter of 2008, as it is evidenced by its strong balance sheet expansion and quality of revenue generation. The depression of the profitability to below trend levels has been affected by a series of negative factors and specifically the depreciation of the US dollar, recent decline of the US interest rates, as well as some technical factors mainly linked to the change of the base rate in Cyprus. Based on the above facts, the Management announced to its Annual General Meeting, the revision of its initial euro 617m net profit target (business plan, November 2007) for 2008 to a range of euro 500m to euro 600m. These figures correspond to euro 0,614 - euro 0,737 net earnings per share (EPS). The Management will consider the revision of its business plan targets for 2009 and 2010, as soon as there will exist visibility in the macroeconomic trends.
KNITWEAR FACTORY MAXIM C.M. PERTSINIDIS : DECISION OF THE ORDINARY GENERAL ASSEMBLY
During the Annual Ordinary General Assembly of the Shareholders of the "INDUSTRY OF KNITWEAR MAXIM KONSTANTINOS M.PERTSINIDIS S.A.", held on the 30th of May 2008, three shareholders of the company, representing 46,72% of its share capital (7.014.612 shares with a right of vote, of the total 15.015.000 shares) were present and the issues of the agenda were discussed, as these had been announced by the invitation of the Board of Directors on 29.04.2008. The assembly decided and approved unanimously the issues of the agenda as follows: 1.It approved the Management Report of the Board of Directors, including the Explanatory Report of the Board of Directors, according to article 11a, law 3371/2005 and the Audit Report of the Independent Chartered Accountant on the Annual Financial Statements of the fiscal year 01.01.2007 - 31.12.2007. 2.It approved the annual financial statements, according to the International Standards of International Financial Reporting Standards (IFRS) for the fiscal year 01.01.2007 - 31.12.2007. The company will not distribute any dividend due to the negative results of the fiscal year. 3.It exempted the members of the Board of Directors and the Chartered Auditor Accountant from any indemnification reliability for the proceedings of the fiscal year 2007. 4.It elected as chartered auditors for the current fiscal year 2008 Mr. Stavros K. Saloustros, Chartered Auditor Accountant, ordinary auditors and Mr. Spyros I. Bounias, substitute, of the Audit Company S.O.L. A.E.O.E. 5.It approved unanimously the election of Mr. Pertsinidis P. Charalambos as a non-executive member in replacement of the resigning member Anastasios Akritidis that was decided by the Board of Directors during its meeting on 17.10.2007. 6.It elected unanimously a new Board of Directors with a five-year term, consisting of Stefos Ch. Konstantinos, Kourouklidis G.Nikitas, Tsikoudis N. Panagiotis, Pertsinidis P. Charalampos, Pertsinidis Ch. Maximos, Anthimidis Th. Thomas, Sidiropoulos A.Pavlos. Mr. Anthimidis Th. Thomas and Sidiropoulos A.Pavlos were elected as independent non-executive members. 7.It approved unanimously the fees remunerations that were paid during the fiscal year 2007 to members of the Board of Directors, according to the pre-approvals of the previous Ordinary General Assemblies and pre-approved the fees of the members of the Board of Directors for the fiscal year 2008 and till the next annual ordinary General Assembly.
IASO S.A. : Financial Results for the 1st Quarter of 2008
Group turnover increased by 7.5%. Group EBITDA increased by 6.3%. IASO General 1st Quarter 2008 EBITDA posted an increase of 19.6%. IASO General Earnings After Tax posted a significant increase of 606.9% Marginal decrease of Earnings After Taxes & Minorities Interests by 3.7%. The IASO group turnover for the 1st Quarter 2008 reached the amount of ?45.8 mil. showing an increase of 7.5% compared with the same period last year. The consolidated EBITDA reached the amount of euro 12.7 mil. presenting an increase of 6.3%. Earnings Before Taxes amounted to euro 9.3 mil. posting an increase of 2.3%, while Earnings After Taxes & Minorities Interests reached the amount of euro 6.9 mil. presenting a marginal decrease of 3.7%. More specifically: IASO S.A.: Constant increase of EBITDA Margin. The IASO SA revenues, for the 1st Quarter of 2008, reached the amount of euro 26.5 mil. posting an increase of 3.4% compared with the same period last year. The revenues increase is attributed to the increase in inpatients and outpatients sales by 3.8% and 1.9% respectively. The Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) were recorded at euro 10.3 mil. presenting an increase of 3.7%, while the EBITDA margin reached the level of 38.9% posting an increase of 12 basis points compared with the same period last year. Earnings Before Taxes amounted to euro 8,5 mil. decreased by 7.6% while Net Earnings After Tax were recorded at euro 6.3 mil. presenting a decrease of 8.9%, due to the increase in financial expenses by euro 830k compared with the same period last year. IASO General S.A.: Significant increase in Earnings After Tax. Iaso General revenues, for the 1st Quarter of 2008, were recorded at euro 18.3 mil. presenting an increase of 13.4% compared with the same period last year, attributed to the increase in, IN and Outpatients' admissions' by 6.8% and 37.3% respectively. Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) were recorded at euro 2.1 mil. improved by 19.6% compared with the same period of the previous year. Furthermore, the EBITDA margin reached the level of 11.6% improved by 60 basis points compared with the same period last year. Pre-tax profits reached euro 546k vs euro 133k for the 1st Quarter of 2007, posting a significant improvement of 310%. The company's excellent performance is pointed out by Earnings After Tax, which reached the amount of euro 410k posting an increase of 606.9%. MedStem Services S.A.: The positive growth continues. MedStem revenues recorded an increase of 16.8%, compared with the same period last year, reaching the amount of euro 1.1 mil. The revenues increase is mainly attributed to the increase of the stored stem cell units by 15%, this is a fact showing the ever growing recognition of the need to store the stem cells and the acceptance of this method by the new couples. The Earnings before Interest, Taxes, Depreciation & Amortization reached the amount of euro 323k presenting a marginal decrease of 0.6%. Earnings Before Taxes amounted to euro 319k increased by 2.1%. Earnings After Taxes reached the amount of euro 209k presenting a decrease of 10.7%, attributed to tax audit provisions.
BANK OF GREECE : PRESS RELEASE
As the terms of office of the Governor of the Bank of Greece Mr Nicholas C. Garganas and the Deputy Governor Mr Nicholas Paleocrassas end on the 14 June 2008, the General Council of the Bank of Greece, in accordance with Article 29 of the Bank?s Statute, decided at its meeting today to propose to the Cabinet the appointment of Mr George Provopoulos as Governor and Ms Helen Louri-Dendrinou as Deputy Governor. In an earlier decision, the General Council awarded the outgoing Governor Mr Nicholas C. Garganas the title of Honorary Governor of the Bank of Greece.
KNITWEAR FACTORY MAXIM C.M. PERTSINIDIS : Announcement
The Board of Directors of the company during its meeting on the 30th May of 2008 decided its constitution to a body and the determination of the executive and non-executive members as follows: 1.Stefos Ch. Konstantinos, executive member ,Chairman 2.Kourouklidis G. Nikitas, executive member, Vice-Chairman & Managing Director 3.Tsikoudis N. Pangiotis, executive member 4.Pertsinidis P.Charalambos, executive member 5.Pertsinidis Ch.Maximos, non-executive member 6.Anthimidis Th. Thomas, independent non-executive member 7.Sidiropoulos A.Pavlos, independent non-executive member
BANK OF GREECE : Financial Statement February 2008
Financial Statement February 2008
TECHNICAL OLYMPIC S.A. : PRESS RELEASE
Notification for the late submission of the Q1 2008 Consolidated Financial Results The management of Technical Olympic Group of Companies following press releases dated 19/3/2008, 24/3/2008 and 24/4/2008, regarding the late submission of the FY 2007 Consolidated financial Results, due to subsidiary TOUSA's inability to prepare its financial statements, as it has submitted for relief under the provisions of Chapter 11 of the United States Code (the "Bankruptcy Code"), informs the investment community, that due to no submission until today of the FY 2007 results, is not able to publish Q1 2008 results on time, i.e. until 31/05/2008. The company will inform further for the exact date of the publication of the above financial results.
ELLΙNIΚΙ TECHNODOMIKI TEB S.A. : Purchase of Own Shares
ELLINIKI TECHNODOMIKI TEB SA informs the investment public that in compliance with article 16 of C.L. 2190/1920 as this amended as is in force, as well as the No 2273/2003 of the Commission of the European Communities and in execution of the decision of the Extraordinary Shareholders General Meeting dated 10/12/2007and the decision of the Board of Directors dated 21/1/2008 proceeded to: (1) On 28/05/2008, through the ATHEX member, -EFG EUROBANK SECURITIES, purchased 4,400 own shares, of average acquisition cost 8.4 euro per share and total transaction cost 36,960 euro. (2) On 29/05/2008 through the ATHEX member, -ALPHA FINANCE SECURITIES, purchased 1,579 own shares, of average acquisition cost 8.34 euro per share and total transaction cost 13,168.86 euro.
ΑΧΟΝ S.A. HOLDING : Release of Q1 2008 financial results
AXON HOLDINGS S.A. hereby informs the investing public and shareholders that the condensed Interim Financial Statements of the Company for Q1 2008, shall be published in the newspaper KERDOS on Saturday, May 31, 2008. The aforementioned statements shall also be posted on the website of the Athens Exchange (www.athex.gr) and the Company's website www.axonholdings.gr on Friday, May 30, 2008.
MARITIME COMPANY OF LESVOS S.A. : Announcement
Following the announcement dd 16.05.2008, Maritime Company of Lesvos S.A. announces that on 26.05.2008 Mr. Evangelos Mavroudis was elected as a BoD member. The above mentioned election will be submitted to the Shareholders Annual Ordinary General Assembly for approval. After the above mentioned election the BoD members are the following: 1. Ioannis Sifakis - President 2. Theocharis Papageorgiou - Vice President 3. Apostolos Ventouris - C.E.O 4. Evangelos Mavroudis - Executive Member 5. Sokratis Kavadias - Non Executive Member 6. Ioannis Zouros - Independent Non Executive Member 7. Michael Kountsouros - Independent Non Executive Member
EFG EUROBANK ERGASIAS SA. : Announcement in accordance with article 9, par. 5 of l. 3556/2007
EFG Eurobank Ergasias S.A. announces, in accordance with article 9, par. 5 of l. 3556/2007, that following the completion of its share capital increase, through the distribution of free shares to employees the Bank's share capital now amounts to Euro 1.447.450.504,50 and total voting rights of 526.345.638 result from an equal number of ordinary, registered shares of nominal value euro 2.75 each.
VARVARESSOS S.A. : Financial results of 3-month period 2008
VARVARESSOS S.A. turnover during the 3-month period of 2008 reached 5,67 million EURO compared to 7,21 million EURO the corresponding period in 2007. The company 's exports came up to 4,12 million EURO. Profits before depreciation (EBITDA) have reached 33,27 thousand EURO contrary to 359 thousand EURO during the same period of 2007. Losses before taxes have reached 903 thousand EURO contrary to losses 585 thousand EURO at the same period last year. Losses after taxes reached 951 thousand EURO compared to losses 506 thousand EURO in 2007. The aforementioned statements are posted at the company' s website www.varvaressos.gr.
MARFIN POPULAR BANK PUBLIC CO LTD : Re-investment price of the 2007 dividend
Marfin Popular Bank Public Co Ltd announces that in accordance with the 2007 Dividend Re-investment Scheme (the "Scheme") the re-investment price of the 2007 dividend into shares of the Bank is euro 4,64. It is reminded that this price is, in accordance with the terms of the Scheme, 10% lower than the average closing price of the Bank's share on the Cyprus Stock Exchange and Athens Stock Exchange for the period 23 to 29 May 2008 (first five days during which the share of the Bank was quoted ex-dividend).
ASPIS BANK S.A. : Announcement
Aspis Bank announces that, as of today March 30th 2008, its Chairman and CEO Mr. Konstantinos B. Karatzas has resigned from his executive duties, but maintains his position as Chairman of the Board of Directors of Aspis Bank. His resignation has no immediate effect and Mr. Konstantinos B. Karatzas will continue to exercise his executive duties in order to ensure a smooth transition period.
ELLΙNIΚΙ TECHNODOMIKI TEB S.A. : Purchase of Own Shares-Repetition of announcement.
ELLINIKI TECHNODOMIKI TEB SA informs the investment public that in compliance with article 16 of C.L. 2190/1920 as this amended as is in force, as well as the No 2273/2003 of the Commission of the European Communities and in execution of the decision of the Extraordinary Shareholders General Meeting dated 10/12/2007and the decision of the Board of Directors dated 21/1/2008 proceeded to: (1) On 28/05/2008, through the ATHEX member, -EFG EUROBANK SECURITIES, purchased 4,400 own shares, of average acquisition cost 8.4 euro per share and total transaction cost 36,960 euro. -ALPHA FINANCE SECURITIES, purchased 5,000 own shares, of average acquisition cost 8.36 euro per share and total transaction cost 41,800.00 euro (2) On 29/05/2008 through the ATHEX member, -ALPHA FINANCE SECURITIES, purchased 1,579 own shares, of average acquisition cost 8.34 euro per share and total transaction cost 13,168.86 euro
TELETIPOS S.A. : Announcement
Following the 12/05/2008 announcement of the consolidated and separate financial statements that arise from the three month financial statements of the period 1/01/2008 to 31/03/2008 we announce that: 1. The amount of the provisions that have been occurred in the following cases are: Group Company -cases that refer to note 5 of the consolidated and separate financial statements 0 0 -financial years that have not been examined by the tax authorities 0 0 -other provisions 0 0 2. Also, in note 7 of the consolidated and separate financial statements the sentences "a) Sales of goods and services" and "b) Purchases of goods and services" are replaced with "a) Sales" and "b) Purchases", respectively.
MINOAN LINES SA : Press Release
See the Press Release.
THESSALONIKI PORT AUTHORITY S.A. : Commentary of Financial Results of First Quarter for the fiscal year 2008
The Board of Directors of ThPA SA on 28/5/2008 has approved the First Quarter Financial Statements for the fiscal year 2008 (1/1-31/3/2008) from which the following arise: The cargo throughput, mainly unitized (Containers) presents significant decrease as to the First Quarter of 2007, because of the mobilization of the employees due to the on going tender process for the concession of the Container Terminal. However, the turnover of the Company presents decrease of only 5.23% due to the services invoicing with the prices of the new invoice of ThPA SA implemented from 1/4/2007. Still for this period the revenue from capital exploitation presents a significant increase (53%). The expenses during the same period have been decreased by 6.12%, mainly due to the decrease of the personnel remuneration resulting from abstinence from overtime work and from work during Saturdays - Sundays. With relation to the above data, the results before taxes have reached the amount of 2,912,680 euro, as to the amount of 2,517,345 euro of the corresponding Quarter of 2007, they are increased by 395,335 euro, a 15,7% percent increase, while after taxes they have reached the amount of 1,623,209 euro as to the corresponding Quarter of 2007 with a 24,42% percent increase.
TERNA ENERGY S.A. : Terna Energy Q1 2008 Results
Terna Energy Q1 2008 Results
ANEK LINES S.A. : Financial results of 3-month period of 2008
Anek Lines SA announces the company's financial highlights for the period ending March 31st 2008: 1. FINANCIAL RESULTS REVIEW Turnover Turnover amounted to euro 40.3 million, compared to euro 44.0 million in the first quarter of 2007, decreased by 8.3%. This decrease for the 1st quarter of 2008 is due to the fact that the Company's vessels performed less trips by 10% compared to the corresponding period of 2007. The factors are: Unusual bad weather conditions that resulted in more prohibited departures. 2007 Easter was at the beginning of April and this contributed to increased passenger volume after the middle of March of 2007 in comparison to March of 2008. Less actual itineraries in Adriatic routes. Cancellation of the established cruise to Venice. Respectively, Group turnover for the 1st quarter of 2008 stood at euro 46.6 million against euro 49.8 million in the corresponding period of 2007, decreased by 6.3%. Cost of sales Cost of sales before depreciation for the 1st quarter of 2008, amounted to euro 37.6 million against euro 32.8 million, in the corresponding period increased by euro 4.8 million or 14.6%. This rise, which is mainly due to the remarkably high increase in fuel prices, that remain the ma-jor cost factor for the shipping business sector, affected significantly the financial results. In ab-solute figures the fuel cost increased by euro 5.0 million for the Company and euro 6.3 million for the Group. The fuel cost was 45% of the turnover for the 1st quarter of 2008, against 29% in the 1st quarter of the previous period. The Company considers ways to minimize the effect of in-creased fuel cost to the financial results. Additionally, the increase of repairs and maintenance costs amounted to euro 4.3 million versus euro 3.7 million, affected the cost of sales. The other cost factors remained at the similar levels to the comparable period. EBITDA The aforementioned factors contributed to a negative EBITDA of euro 4.2 million against profits of euro 4.9 million in the corresponding period of 2007. It is of high importance to mention that, due to sharp seasonality in the sector of passenger ferry shipping, the 1st quarter of the fiscal year is usually characterized by low traffic volume and lack of profitability. Respectively, Group EBITDA for the 1st quarter of 2008 stood at euro 5.2 million losses compared to profit euro 5.5 million in the first quarter of 2007. Results after taxes Losses after taxes amounted to euro 10.4 million versus losses euro 2.7 million for the 1st quarter of 2007. Finally, the Group losses after taxes and minority interest amounted to euro 11.0 million against losses of euro 2.2 million. 2. RECENT DEVELOPMENTS New routes F/B PREVELIS started to serve the route Piraeus - Paros - Naxos - Ios - Santorini from April 11th with favorable results. F/B Elyros The newly acquired vessel is in the final stages of refurbishment and is expected to reinforce ANEK's fleet from the later of June in Chania route. The capitalised expenditure for the 1st quarter concerning the Elyros reconstruction stood at euro 4.5 million. Loan restructuring During the 1st quarter of 2008 the procedure of company's long term loans restructuring completed successfully and this resulted in more favorable repayment terms and significant reduction of financing cost. Dividends On 18th May, 2008, the Annual General Meeting of Shareholders approved the distribution of profits and payment of dividend for the fiscal year 2007 amounting to euro 8.1 million or euro 0.05 per share. Chania, May 27 2008
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 3, 2008, and in accordance with article 16 of L. 2190/1920, during the trading session of 30.05.2008 acquired 19.118 own shares through "EUROXX SECURITIES S.A." at the price of euro 1,02 per share and the total value of the transaction amounted to euro 19.469,18.
HELLENIC DUTY FREE SHOPS S.A. : Annual Ordinary General Assembly of the Company's Shareholders
The Company announces that the Annual Ordinary General Assembly of the Shareholders that took place on May 30, 2008, with a quorum of 74.7% (39,343,452 shares out of a total of 52,675,000 shares) decided unanimously (other than items 5 and 6, which were decided by majority) on the following items: 1. Approved the annual financial statements for the fiscal year 01.01.2007 - 31.12.2007. 2. Approved the appropriation of profits after tax for the fiscal year 01.01.2007 - 31.12.2007, as well as the distribution of dividend of euro 0.66 per share. Eligible for the dividend are the shareholders of the Company at the end of the Athens Stock Exchange trading session of 17.06.2008. The payment of the dividend will commence on the 26.06.2008 through the branch network of PIRAEUS BANK. 3. Approved the discharge from any liability of the Board of Directors and the Chartered Auditors for the fiscal year 01.01.2007 - 31.12.2007. 4. Georgios I. Varthalitis was elected as regular Chartered Auditor and Chrysoula G. Tsakalogianni was elected as substitute Chartered Auditor for the fiscal year 01.01.2008 - 31.12.2008. 5. Approved the amendment of articles 6, 8, 9 and 10 of the Company's Articles of Incorporation and in particular: Article 6 Capital increases The General Meeting is provided with the authority to authorise the BoD regarding specific matters of capital increases and corporate bond issues. Article 8 BoD authority The BoD is provided with the authority to issue and determine the terms of corporate bond loans of the Law 3156/2003 other than the issue of a convertible bond or a corporate bond with the right of participation in profits. Article 9 BoD election and composition The procedure in case of appointing a temporary member of the BoD in replacement of a resigned-one is specified more particularly. Article 10 BoD operation Matters of BoD operation are regulated such as meetings via teleconferencing. Additionally, certain provisions of the Company's Articles of Incorporation are amended, deleted and renumbered in order to comply with the provisions of Law 2190/1920 on Societes Anonymes. 6. Ratified the appointment of Mr. Elissaios Εfstratios as an Executive member of the BoD in replacement of the resigned BoD Member Mr. Dionisios Fragos. 7. Approved the remuneration and compensation for the members of the Board of Directors for the fiscal year 01.01.2007 - 31.12.2007, and pre-approved the same remuneration and compensation for the members of the Board of Directors for the fiscal year 01.01.2008 - 31.12.2008. In total 30 shareholders voted and approximately 70 institutional investors, journalists and other observers participated in the Company's Annual Ordinary General Assembly.
DROMEAS S.A. OFFICE FURNITURE INDUSTRY : Anouncement
Dromeas SA, announces that the turnover of the three month period of 2008 (01/01/2008-31/03/2008), has increased by 18.35%. Concretely: Sales of company has increased by euro 744.000 or 18.35% in relation to the same period last year. Sales reached to ?4.79 million in 2008 from euro 4.05 million in 2007. EBITDA in 2008, decreased to euro 709.000 from euro 969.000 in 2007. The percentage of decrease is 26.83%. The reason for that decrease is the increase by 33.3% of the marketing expenditure that were held in the first three months of 2008. Those expenditure and depreciations expenses (were increased by 26.7% from last year), affected the profit and loss account. So, earnings after taxes decreased to euro 43.000 at 31/03/2008 from euro 348.000 same period last year. Accordingly, the figures for Group Dromeas for the first three months of 2008 are: The Consolidated turnover has increased by 17.66% in relation to the last year period. From euro 4.11 million in 2007, reached to euro 4.84 million in 2008. EBITDA in 2008, decreased to ?681.000 in 2008 from euro 951.000 in 2007 (28.5%). The reason is the decrease of profits due to the parent company. Earnings after taxes were euro 181.000 in 2008, from euro 333.000 in 2007.
SPRIDER STORES S.A : Announcement for the release of the annual report of FY 2007
SPRIDER STORES informs its shareholders and investors that as of May 30, 2008, the annual report of FY 2007 is available either in electronic form in the website of the Athens Exchange, www.athex.gr and in the corporate website, www.spriderstores.com or in hard copy at the company's headquarters. For more information, all interested parties may address themselves to the investor relations department, responsible: Mr. Thanos Maltezakis, tel: 0030 210 6609924 or order the annual report via e-mail at the address ir@spriderstores.com.
GEK S.A. - TERNA S.A.Press Release
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 decision 1/434/03.07.2007 of the Capital Market Commission, that EFG Eurobank Securities notified it: a) on 29.05.2008 that it sold on 27.05.2008 1,800 HELEX common registered shares with a total value of euro 23,046.00 b) on 29.05.2008 that it purchased on 28.05.2008 2,200 HELEX common registered shares with a total value of euro 27,536.00 c) on 30.05.2008 that it sold on 29.05.2008 8,700 HELEX common registered shares with a total value of euro 107,388.00 d) on 30.05.2008 that it purchased on 29.05.2008 1,000 HELEX common registered shares with a total value of euro 12,600.00 The abovementioned transaction was made for the derivatives market making account.
ELLΙNIΚΙ TECHNODOMIKI TEB S.A. : 1Q 2008 Results
Solid performance in 1Q 2008: Revenues more than doubled to euro 381.1 mln Operating Profit (EBIT) increased by 363% to euro 53.7 mln Net Income after minorities increased by 26.4% to euro 20.4 mln Revenues Revenues more than doubled to euro 381.1 mln driven by a 78% increase in construction and the full consolidation of Attiki Odos. Operating Profits (EBIT) Operating profits increased by 363% to euro 53.7 mln. The increase in the group's operating profit is due to increased profitability in construction, energy & environment, and the full consolidation of Attiki Odos. EBIT margin increased from 6.2% in 1Q2007 to 14.1% in 1Q2008 reflecting the change in the consolidated revenue mix towards higher margin revenues. The stabilization trend of construction operating margins continued in 1Q2008 with the construction EBIT margin at 5.2% vs 2.7% in 1Q2007. Profit from Associates Profits from associates dropped from euro 9.8 million in 1Q2007 to 1.4 mln in 1Q2008 reflecting the different accounting treatment of Attiki Odos (full consolidation vs equity accounting). Financial Expenses Net financial expenses in 1Q2008 increased to euro 9.4 mln vs euro 0.3 mln in 1Q2007 reflecting higher borrowing levels that to a large extent related to the full consolidation of Attiki Odos. Profit before Tax and Profit after tax Profit before tax increased by 116% to euro 45.7 mln and Net Profit before minorities increased by 73% to euro 30.4 mln. Net Profit after minorities in 1Q2008 amounted to euro 20.4 mln. The modest increase of 26% vs 1Q2007 in Net Profit after minorities is due to higher minorities resulting from the full consolidation of Attiki Odos. Effective Tax rate The effective tax rate in 1Q2008 is 33% vs 17% in 1Q2007, due to the accounting treatment of Attiki Odos. EPS Earnings per share amounted to euro 0.12, compared to the euro 0.10 per share in 1Q2007. Balance Sheet Moving on to the Balance Sheet we would like to point out that the application of IFRIC 12 has led to a retroactive reclasification of assets and liabilities as of 31/12/2007. Based on IFRIC 12, BOT assets are classified as intangible assets instead of 'prepayments for long term leases' at a value net of any government grants or financial contribution claims from the state. The overall effect on the consolidated balance sheet as of 31/12/2007 was that BOT related assets were reduced by euro 280 million wherea s on the liabilities, subsidies were reduced by c. euro 340 mln and an increase in long term provisions by c. euro 60 mln. Total Assets as of 31/3/2008 amounted to 3,232.6 million vs 2,995.5 mln as of 31/12/2007. Total Equity including minorities as of 31/3/2008 amounted to 1,176.2 mln vs euro 1,153.1 mln as of 31/12/2007. Other reserves decreased by c. euro 13. 2 mln as a result of forex losses, mostly attributed to unrealized losses regarding the group's participation in European Goldfields, and losses from interest rate swaps of Moreas. Total equity was also negatively affected by the acquisition of own shares of euro 5.1 mln. Minorities increased by euro 23.7 mln due to minorities' share of group profits of ?10 mln and their rights of euro 14.9 mln attributed to Moreas and the newly consolidated Inscut. Total Debt reached euro 1,190.5 mln vs euro 1,060.8 mln as of 31/12/2007 of which euro 729.2 mln is non-recourse project finance related debt of Attiki Odos, Thermaiki and Moreas. Adjusting for the non-recourse project finance related debt and related cash, the group's net debt position as of 31/3/08 was euro 144.5 mln vs a net cash position of euro 7.9 mln as of 31/12/07. The increase in net debt is due financing the group's equity and sub-debt participation in BOT projects (c. euro 90 mln), capex requirements in energy and working capital requirements for construction related activities. Full year outlook for 2008 The group's prospects for 2008 are very positive. With the construction backlog at an all time high of c. euro 5 billion, construction related revenues are expected to substantially increase in line with the increase in 1Q2008. Infrastructure related works where AKTOR is the leading player in Greece and international construction projects are expected to be the main growth drivers. The stabilisation of construction operating margin around 5% is expected to continue. As indicated in the 1Q2008 concessions will benefit from the full effect of the Attiki Odo consolidation. The new concession projects are not expected to have a significant P&L impact in 2008 but Thermaiki Odos and Moreas are expected to have a more significant balance sheet impact. Patra-Korinthos-Tsakona will commence at the end of June 2008. In energy the group is embarking on an aggressive expansion plan of its wind farm portfolio with a total pipeline of 1607 MW of which 81 MW for 2008-2009 is currently under construction. However, the expected impact of wind farms on the group's P&L in 2008 is limited as additional capacity of c. 27 MW is expected to come on stream towards the end of the year. In environment the emphasis is on delivering on the current project backlog of c. euro 120 mln, leveraging our leading position as a waste to energy player in Greece and further expanding our service portfolio in higher value added services. We expect the segment's growing profitability contribution to the group to continue. In real estate the group aims to develop various projects in Greece and in the Balkans in which it has already invested. In Quarries we are in the process of re-organising our portfolio of activities. Overall we expect revenues and operating income to increase in 2008 mainly from construction and concessions and to a lesser extent from energy & environment. The other business operations of the group i.e. real estate and quarries are expected to have a positive effect from next year.
MICROLAND COMPUTERS S.A. : Financial Results - 1st Quarter 2008.
Turnover, euro 20.7 million. Despite the severe shrinking of retail sales in Greece, that took place during the first quarter of 2008 and specifically in March, something that is also stressed in the reports of National Statistical Service, Microland not only achieved to retain its financial size but to continue its undiminishing rhythm of growth, by increasing considerably the number of sales points. Turnover for the first quarter of 2008 amounted to euro 20.7 millions from euro 21.2 millions presenting a slight decrease of 2.1% concerning the corresponding interval in 2007. The earnings before taxes, interest and depreciation (EBITDA) for the first quarter 2008, were euro 792 thousands from euro 802 thousands at the equivalent last year's interval, presenting light bending of 1,3%, while the profits before taxes amounted in the euro 314 millions from euro 329 thousands at the equivalent last year's interval. The profits after taxes were formed in euro 218 thousands from euro 329 thousands the first quarter last year. The financial numbers of the Group and the parent company are the same. The slight bend on the financial results figures, is owed mainly to the increased expenses for the establishment of new Microland shops. Microland constitutes the largest independent retail sale network for telecommunication services in Greece, with 61 sale points and an aim to reach 100 within 2008. Through Microland's Store Network, the consumer has the ability to select any mobile telephony program from the 3 providers operating in Greece, as well as fixed telephony and internet programs by Altec Telecoms. The Management's objective is for Microland to constitute a "one stop shop" in the sale of telecommunication services, with the largest store network in which all mobile telephony providers and most broadband service providers will have presence.
ALTEC S.A. INFORM. & COMMUN. SYST. : Financial Results - 1st Quarter 2008
Increase in after tax profits by 98.3% EBITDA increase by 30.5% Increase in Gross Profit Margin by 11 basis points The results of ALTEC [ABEE] had significant improvement during the first quarter of 2008 compared to the corresponding interval of last year, as these are depicted in the financial statements. Specifically, the profits after taxes were amounted to euro 1.73 million, against euro 0.87 million in the first quarter of 2007, showing an increase of 98.3%. The profits before interest, tax, depreciation and amortization (EBITDA), presented an increase of 30.5% and reached euro 5.30 million from euro 4.05 million at the equivalent last year's interval, while the profits before tax amounted to euro 2.58 million from euro 1.34 million in the first quarter of 2007, presenting a rise of 92.2%. The gross profit margin proved an impressive rise of 11 basis points and was shaped in 33.4% from 22.6% the corresponding interval 2007. The turnover of the company decreased by 32.9% and was shaped in the euro 24.4 million from euro 36.4 million for the equivalent last year's interval. The improvement of results of ALTEC ABEE, originate from the impressive increase of gross profit margin, something that constitutes essential the reward in the choice of company's management on focusing to products and services with high added value. The decrease of turnover in combination with the improvement of qualitative indicators of profitability, is owed mainly in the choice of the company to limit or even to annihilate activities that contribute particularly in the increase of turnover but do not contribute in proportional degree in the improvement of profitability. The improvement of profitability ratios for the 1st quarter 2008, is owed mainly in the amplification of activities in software and in integrated solutions, that produce considerably higher profit margins compared to the rest of the activities. In consolidated basis, turnover for the first quarter of 2008, was shaped in the euro 48.73 million from euro 50.57 million presenting slight bending of 3.6%. The earnings before interest, tax, depreciation and amortisation (EBITDA) for the first quarter of 2008, amounted in euro 6.08 million from euro 5.30 million at the equivalent last year's interval, having an increase of 14.9%, while the results before tax were shaped in euro 1.12 million from euro 0.95 million and the results after tax amounted in euro 0.12 million losses from euro 0.32 million of profits during last year.

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