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30/05/2011
BANΚ OF CYPRUS PUBLIC COMPANY LTD MARFIN POPULAR BANK PUBLIC CO LTD ELLAKTOR S.A. SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA GR. SARANTIS S.A. KLEEMANN HELLAS S.A. FOURLIS S.A. QUEST HOLDINGS S.A. ALAPIS S.A ΑΧΟΝ S.A. HOLDING J. & P. - AVAX S.A. TT HELLENIC POSTBANK S.A. INTRACOM CONSTRUCTIONS S.A.TECHN & STEEL CONSTR. HERACLES GENERAL CEMENT COMPANY S.A. EUROMEDICA S.A. GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A. FRIGOGLASS S.A. FRIGOGLASS S.A. SPRIDER STORES S.A THESSALONIKI WATER AND SEWAGE COMPANY SA SPRIDER STORES S.A MINOAN LINES SA VARVARESSOS S.A. NIREUS S.A. SFAKIANAKIS S.A. ATTICA HOLDINGS S.A. MARFIN INVESTMENT GROUP HOLDINGS SA EFG EUROBANK ERGASIAS SA. GR. SARANTIS S.A. GR. SARANTIS S.A. ELBISCO HOLDING S.A. MARFIN INVESTMENT GROUP HOLDINGS SA T BANK S.A. HELLENIC EXCHANGES S.A. GEK TERNA HOLDING, REAL ESTATE, CONSTRUCTION S.A. TERNA ENERGY S.A. BABIS VOVOS INTERNATIONAL TECHNICAL S.A. KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. GEK TERNA HOLDING, REAL ESTATE, CONSTRUCTION S.A. TERNA ENERGY S.A. INTRALOT S.A.
BANΚ OF CYPRUS PUBLIC COMPANY LTD : Dates relating to the final dividend (Correct Repetition)
Relating to the final dividend €0,03 per share, which was approved at the Shareholders' Annual General Meeting held on 23 May 2011, Bank of Cyprus reminds the investing public the following: The record date is Thursday, 2 June 2011, i.e. buy transactions that take place before market close of the Cyprus Stock Exchange (CSE) and the Athens Exchange (ATHEX) on 30 May 2011 will be eligible to the dividend. Furthermore, eligible investors will be shareholders following off the exchange transfers completed by 2 June 2011. It is noted that any transfers of securities between the Central Depository/Registry of the CSE and the Dematerialised Securities System of the Hellenic Exchanges between 31 May 2011 and 2 June 2011, will be considered and the dividend will be paid according to the register on which the shares are registered on 2 June 2011. The ex-dividend day is 31 May 2011 which is prior to the date of expiry on 17 June 2011 of the following Futures contracts trading in the Derivatives market: a) Stock Futures on the Bank of Cyprus share b) FTSE 20 Index Futures in which the Bank of Cyprus share participates. The dividend, will be paid to the eligible shareholders on Thursday, 16 June 2011.
MARFIN POPULAR BANK PUBLIC CO LTD : Announcement of Regulated Information of the Cyprus Law 190(Ι)/2007 - Voting rights for the Extraordinary General Meeting
Marfin Popular Bank Public Co Ltd announces, pursuant to the Cyprus Law 190(Ι)/2007, the following: 1. Dubai Financial Group informed in writing on 30/05/2011 the Capital Market Commission and the Issuer that it has granted a power of attorney to Gerard Martin Hobby authorising him, during the Extraordinary General Meeting of the Issuer's Shareholders on May 31st, 2011, to exercise to his judgement 273.763.807 voting rights which correspond to 273.763.807 shares of the Issuer, namely a percentage 18.62% on the Issuer's total share capital and voting rights. 2. Gerard Martin Hobby informed in writing on 30/05/2011 the Capital Market Commission and the Issuer that, during the Extraordinary General Meeting of the Issuer's Shareholders on May 31st, 2011, he is entitled to exercise to his judgement 273.763.807 voting rights which correspond to 273.763.807 shares of the Issuer, namely a percentage 18.62% on the Issuer's total share capital and voting rights, by virtue of a power of attorney which was granted to him by shareholder of the Issuer. Following the conclusion of the General Meeting, the aforementioned individual ceases to possess the above voting rights.
ELLAKTOR S.A. : 1Q 2011 Financial Results
ELLAKTOR's management announces that in order to fully inform the investment community and pursuant to the conference call that will take place on 30th of May 2011 at 17.00, the presentation regarding Group's Financial Results for 1Q 2011, is available at the company's website (www.ellaktor.com) as well as the website of the Athens Exchange (www.athex.gr )
SCIENS INTERNATIONAL INVESTMENTS AND HOLDINGS SA : Purchase of own shares
In accordance with article 4, par. 4 of Regulation 2273/2003 of the Commission of European Union, Sciens International Investments and Holdings S.A. announces that following the resolution of the Extraordinary General Meeting of the Shareholders dated May 20, 2010 and the Board of Directors resolution dated May 20, 2010, and in accordance with article 16 of L. 2190/1920, during the trading session of 27/05/2011 acquired 2,600 own shares through PROTONBANK S.A. at the price of € 0.36 per share and the total value of the transaction amounted to € 943.00.
GR. SARANTIS S.A. : Purchase of own shares
In effect of the article 4, paragraph 4 of the 2273/2003 Regulation of the European Commission, the company GR. SARANTIS S.A. announces that according to article 16, Law 2190/1920, and based on the resolution of the Shareholder's Ordinary General Meeting which took place on the 30/06/2010, during the trading session of 27/05/2011, acquired 2,200 own shares through "INVESTMENT BANK OF GREECE S.A." at a price of 3.20 euro per share worth of 7,040 euros.
KLEEMANN HELLAS S.A. : RESULTS 1Q 2011
The group of Kleemann is engaging in exporting ventures in new markets, which present significant long term growth prospects, such as the Middle East, countries of the Arabian Gulf and Northern Africa. Moreover, further establishment is achieved in its traditional markets, while simultaneously efforts are made to increase the geographic dispersion of its clientele. As a result of the continuous strengthening of the group's extraversion, international sales in the first quarter of the current year are presented increased by 18,3%. More specifically, impressive growth can be seen on the sales to Australia, the United Kingdom, Holland, Germany and Saudi Arabia, while the Turkish subsidiary KLEEMANN ASANSOR achieved an increase of its turnover by 38,3% and tripled its profitability to 682.000 euros from 211.000 in the first quarter of 2010. In the meantime, the procedure for the creation of a wholly owned new subsidiary company based in Oxford in United Kingdom was finalized, with an initial stock capital of 200.000 euros. On the contrary, the crumpling of construction activity in Greece in the first quarter of 2011 lead to a reduction in domestic sales by 34,2%. Therefore, consolidated turnover amounted to 20 mln euros, showing a decrease of 8,3% in comparison with the relevant last year's period. At the same time, the increase of energy cost, as well as prices of raw materials lead to a reduction in the group's gross margin, which fell to 29,8% from 34,9% in the relevant last year's period. As a result, consolidated profit before tax at the period under examination amounted to 570.000 euros decreased by 68,5% in comparison with the first quarter of 2010. Earnings before interest, tax and amortization (EBITDA) totaled 1.38 mln euros, compared to 2.55 mln euros in the relevant period of 2010, reduced by 45,8% while Profit after tax and non controlling interests amounted to 5.100 euros, from 1,05 mln euros in 2010. The positive operating cash flow of the group which amounts to 2,6 mln euros further enhances its liquidity, which was utilized to further reduce short term bank loans by 4,2 mln euros (from 14,9 mln euros to 10,7 mln euros). It is reminded that for the fiscal year 2010, management of Kleemann intends to propose to the annual general assembly of the shareholders distribution of dividend 0,05 euro per share. The dividend yield, based on the share price at the year end, amounts to 4,3%.
FOURLIS S.A. : Share buy-back announcement
Fourlis Holdings S.A. hereby announces, in accordance with article 4, paragraph 4 of Regulation 2273/2003 of the European Commission and pursuant to relevant resolution of the Annual General Meeting of its shareholders dated 11 June 2010 and of its Board of Directors dated 24 August 2010, that on 27 May 2011 it bought back 5.400 shares at an average price of euro 4,74 per share, with a total value of euro 25.572,00. The shares were purchased through EFG Eurobank Securities.
QUEST HOLDINGS S.A. : Purchase of own shares
Quest Holdings S.A. informs the investors that, according to article 16 of the Codified Law 2190/1920, as amended and currently in force, and in compliance with the terms of the Regulation no.2273/2003 of the Commission of the European Communities, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 16/04/2010 and the Decision of the Board of Directors dated 10/01/2011, proceeded on May 27, 2011 through the member of the A.S.E. "Eurobank EFG Equities", with the purchase of 1.800 Quest Holdings S.A. shares at an average price of 1.09 euro per share and with a total transaction value of 1.969,56 euro.
ALAPIS S.A : Announcement
ALAPIS S.A. (hereinafter the "Company" or "Alapis"), announces that οn Tuesday May 31st 2011, First Quarter 2011 financial results will be announced and Data and Information for the period 01.01-31.03.2011, will be published in the newspapers KATHIMERINI and IMERISIA which will also be posted according to the article 6 of the law 3556/2007 as integral part of the Interim Condensed Financial Statements for the period 01.01-31.03.2011, on the company's website (www.alapis.eu) and on the website of Athens Exchange (www. athex.gr). For any further clarifications, please contact our Investor Relations department Tel: +30 213 0175056 E-mail: ir@alapis.eu
ΑΧΟΝ S.A. HOLDING : Release of Q1 2011 financial results
AXON HOLDINGS S.A. hereby informs the investing public and shareholders that the condensed Interim Financial Statements of the Company for Q1 2011, shall be published in the newspaper KERDOS on Tuesday, May 31, 2011. 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.axonholdings.gr)
J. & P. - AVAX S.A. : Announcement On Important Trade Information(Law 3556/2007)
In accordance with Law 3556/2007, J&P-AVAX SA announces the purchase of 3,500 shares on 27.05.2011 for a total consideration of €3,002.50 by Deputy Chairman Mr Constantine Kouvaras (considered an insider, as per Article 13 of Law 3340/2005).
TT HELLENIC POSTBANK S.A. : Release date of the 1st Quarter 2011 Financial Results
HELLENIC POSTBANK's First Quarter 2011 Financial Results will be released on May 31st, 2011. The Q1 F. Results will be available on the Bank's website, www.ttbank.gr, under ''Investor Relations'', ''Financial Profile''.
INTRACOM CONSTRUCTIONS S.A.TECHN & STEEL CONSTR. : Publishing of the financial statements of INTRAKAT for the period from 01/01/2011 to 31/03/2011 according to I.F.R.S.
INTRAKAT informs the investment community that the Financial Data and Information for the period from 01/01/2011 to 31/03/2011 will be published on Tuesday May 31st, 2011 in the newspaper "HRIMATISTIRIO". The Financial Data and Information together with the Interim Financial Statements under I.F.R.S. for the period from 01/01/2011 to 31/03/2011, company & consolidated, will be available on Monday, May 30th, 2011 at the company's website www.intrakat.com, as well as at the ATHENS EXCHANGE website www.athex.gr, following the closing of the Athens Stock Exchange.
HERACLES GENERAL CEMENT COMPANY S.A. : Resolutions of the Ordinary Shareholders General Meeting of HERACLES GENERAL CEMENT COMPANY held on 27th May 2011 at 18.00
During the 103d Ordinary General Meeting of the Company's Shareholders, in which 32 shareholders were present or represented by proxy, representing 63,851,838 shares, i.e. 89.827 % of the paid up share capital, the General Meeting took the following decisions: 1. Approved the election of Mr. Perikles Nicolaou as Member of the Board of Directors and the appointment of the Audit Committee consisting of Messrs. Jean Charles Blatz, Christos Sorotos and Agissilaos Karambelas. 2. Approved the financial statements of the financial year 1.1.2010 - 31.12.2010 with the Annual Reports of the Board of Directors and the Auditors. 3. Discharged the Board Members and Auditors from any liability for damages whatsoever for the financial year 2010. 4. Elected the Auditing Company "Deloitte. Hatzipavlou Sofianos & Kambanis S.A." (SOEL NO E 120) for the financial year 2011 and defined the maximum amount of their fees. 5. Approved the remuneration and compensations of the Members of the Board of Directors for the financial year 2010 and pre-approved their remuneration until the Ordinary Shareholders' Meeting of 2012 which will decide regarding financial year 2011. The General Meeting of the Company's Shareholders granted also permission for the conclusion of agreements with Members of the Company's Board of Directors. 6. Granted to the Members of the Board of Directors and the Managers of the Company permission to participate in the Board of Directors' Meetings or in the Management of the Group's Companies, which pursue the same or similar goals. 7. Decided the transfer of the Company's seat (registered address) to the Municipality of Paiania, Attica 8. Decided the amendment of article 2 of the Articles of Association of the Company because of transferring the Company's seat (registered address) and article 26 of the Articles of Association of the Company so as for the place of convocation of the General Meeting to be defined according to article 25 of law 2190/1920. 9. The shares purchase program through Athens Stock Exchange which had been decided by the Ordinary General Assembly of 28.6.2010 according to article 16 of C.L. 2190/192, following its amendment by Law 3604/2007, remains in force until 27.06.2012. 10. Announcements: There were no announcements
EUROMEDICA S.A. : Release of Q1 2011 financial results
EUROMEDICA S.A. hereby informs the investing public and shareholders that the condensed Interim Financial Statements of the Company for Q1 2011, shall be published in the newspaper KERDOS on Tuesday, May 31, 2011. 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
GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A. : Release of Regulated Information of Law 3556/2007
OPAP S.A. announces, that pursuant to Law 3556/2007 and Law 3340/2005, as well as the Capital Market Commission's decisions 3/347/12.7.2005 and 1/434/3.7.2007, Eurobank EFG Equities S.A, notified OPAP S.A. on 27.05.2011, that: 1) Bought on 25.05.2011, 500 common registered shares of OPAP S.A., at a total value of € 6,205.00 2) Sold on 25.05.2011, 5 futures of OPAP S.A., at a total value of € 6,235.00 3) Sold on 25.05.2011, 13,586 common registered shares of OPAP S.A., at a total value of € 169,439.01 4) Bought on 25.05.2011, 5,000 common registered shares of OPAP S.A., at a total value of € 62,620.00 5) Sold on 25.05.2011, 5,000 common registered shares of OPAP S.A., at a total value of € 62,932.46 6) Bought on 26.05.2011, 1,000 common registered shares of OPAP S.A., at a total value of € 12,763.21 7) Sold on 26.05.2011, 3,500 common registered shares of OPAP S.A., at a total value of € 45,506.73 8) Bought on 26.05.2011, 1,331 common registered shares of OPAP S.A., at a total value of € 17,364.05 9) Sold on 26.05.2011, 1,331 common registered shares of OPAP S.A., at a total value of € 17,316.31 10) Bought on 26.05.2011, 8,498 common registered shares of OPAP S.A., at a total value of € 111,080.48 11) Sold on 26.05.2011, 8,498 common registered shares of OPAP S.A., at a total value of € 111,244.10. The notification by Eurobank EFG Equities S.A. to OPAP S.A. and accordingly, by OPAP S.A. to the Capital Market Commission, is disclosed precisely because, Mr. Dimosthenis Archontidis holds a managerial role as a non-executive member of the Eurobank EFG Equities S.A. Board, while at the same time he is a non-executive Member of the OPAP S.A. Board (liable person according to Law 3340/2005).
FRIGOGLASS S.A. : Announcement
Frigoglass announces that during the period between May 13 and May 24 2011, pursuant to its BoD resolution on May 12th, 2011, it sold 1.340.000 treasury shares to foreign institutional investors. Following the above transaction, Frigoglass treasury shares represent 3.57% of the outstanding number of shares from 6.91% before. Frigoglass intends to sell the remaining treasury shares at a later stage.
FRIGOGLASS S.A. : Announcement of chnages in voting rights
Frigoglass (Issuer) announces in accordance to L.3556/2007 and following receipt of the relevant transaction information on May 24th, 2011 that on the 23rd of May, 2011, the total participation of SMALLCAP World Fund, Inc., in the share capital and voting rights of the Issuer reached 5.16% from 4.72% before, corresponding to 2.084.115 shares held directly. Τhe present announcement consists regulated information and is being published according to the provisions of Law 3556/2007.
SPRIDER STORES S.A : RESOLUTIONS OF THE ORDINARY GENERAL MEETING OF THE SHAREHOLDERS
The Annual Ordinary General Shareholders Meeting of SPRIDER STORES SA was held on Monday, May 30, 2011, at the company?s business headquarters in Anthoussa. A total of 17 shareholders were present, owning 20,121,686 shares out of 26,262,660 shares outstanding, representing 76.62% of the paid up share capital; therefore the General meeting was validly held in quorum regarding all agenda items. In specific, the General Meeting: 1.Approved, the company and the consolidated Annual Financial Report of the fiscal year from 01/01/2010 to 31/12/2010, under the International Financial Reporting Standards (I.F.R.S.) upon the announcement of the Board of Directors Management Report and the Audit Report of the Chartered Accountants - Auditors. [Voted: 20,121,686 (100% of the shareholders presented), For: 20,121,686 (100%)] 2.Approved the earnings distribution (losses) for the fiscal year from 01/01/2009 to 31/12/2010. [Voted: 20,121,686 (100% of the shareholders presented), For: 20,121,686 (100%)] 3.Approved to discharge the members of the Board of Directors and the Chartered Accountant ? Auditor from any liabilities arising from the fiscal year 2010. [Voted: 20,121,686 (100% of the shareholders presented), For: 20,121,686 (100%)] 4.Approved the remunerations and other expenses paid to Board of Directors members during the fiscal year 2010, which amounted to euro 514,803.47 and pre-approved the remunerations for the fiscal year 2011 (January 1, 2011 to December 31, 2011) to not exceed euro 10,000 per month for every Board member. [Voted: 20,121,686 (100% of the shareholders presented), For: 17,360,279 (86.3%), Abstain: 2,761,407 (13.7%)] 5.Approved GRANT THORNTON S.A. to conduct the audit of FY 2011 and specifically Mr. Pavlos Stellakis (SOEL Reg. No 24941) and Mr. George Deligiannis (SOEL Reg. No 15791) as regular and deputy chartered accountant ? auditor respectively for the fiscal year from 1st January 2011 to 31st December 2011. [Voted: 20,121,686 (100% of the shareholders presented), For: 17,328,421 (86.1%), Abstain: 2,793,265 (13.9%)] 6.Approved the election of a new BoD, as follows: Athanasios Hatzioannou, Executive Member Savvas Hatzioannou, Executive Member Dimosthenis Aravanis, Executive Member Dorotheos Hatzioannou, Executive Member Evaggelos Hatzioannou, Executive Member Evlalia / Eileen Efthimiou, Executive Member Emmanuel Vlaseros, Independent non Executive Member Nikolaos Doulaveris, Independent non Executive Member Vasileios Tsiganos, Independent non Executive Member The term of the above BoD is six (6) years, and terminates on 30/05/2017. [Voted: 20,121,686 (100% of the shareholders presented), For: 17,328,421 (86.1%), Abstain: 2,793,265 (13.9%)] 7.Approved the issue of a common corporate bond up to the amount of euro 26.2 million and authorized the BoD to specify the relative terms and conditions. [Voted: 20,121,686 (100% of the shareholders presented), For: 20,121,686 (100%)]
THESSALONIKI WATER AND SEWAGE COMPANY SA : Publication date for the Results of the A' Trimester 2011
EYATH S.A would like to inform investors that the data and information of the parent company and the group for the first trimester of 2011 shall be published on the 31th of May 2011, in accordance with the company's financial calendar, in MAKEDONIA, EXPRES & NEA newspapers. The intermediate financial statements as well as the data and information for the same fiscal period, shall be posted on the company website: www.eyath.gr , on the same day.
SPRIDER STORES S.A : Announcement
SPRIDER STORES S.A. informs the investment community that there has been a change at the composition of the Company's Board of Directors. Specifically, following Mr. Demosthenes Aravanis assumption of the General Manager's duties and the replacement of Mr. Efthimios Bakalis by Mrs. Evlalia / Eileen Efthimiou and pursuant to the corresponding resolution of the Ordinary General Shareholders' Meeting dated 30/05/2011, the composition of the Company's BoD is as follows: 1.Athanasios Hatziioannou, son of Dorotheos, Chairman and Managing Director, Executive member of the Board of Directors. 2.Savas Hatziioannou, son of Dorotheos, Vice-Chairman, Executive member of the Board of Directors 3.Demosthenes Aravanis, son of Spyridonas, General Manager, Executive member of the Board of Directors. 4.Evangellos Hatziioannou, son of Athanasios, Executive member of the Board of Directors. 5.Evlalia / Eileen Efthimiou, daughter of Ioannis, Executive member of the Board of Directors. 6.Emmanuel Vlasseros, son of Prokopios, Independent non-executive member of the Board of Directors. 7.Vasileios Tsiganos, son of Panagiotis, Independent non-executive member of the Board of Directors. 8.Nikolaos Doulaveris, son of George, Independent non-executive member of the Board of Directors. The Board's term matures on 30/05/2017. Moreover the Company's Audit Committee remains unchanged and consists of the following members: 1. Emmanuel Vlasseros, son of Prokopios, Chairman 2. Vasileios Tsiganos, son of Panagiotis, Member 3. Nikolaos Doulaveris, son of George, Member
MINOAN LINES SA : FIRST QUARTER 2011 - FINANCIAL RESULTS
- 19,4% Increase in Company?s Sales - Increase of Market Shares in the North Adriatic Market in all Traffic Categories Financial Results The company's financial results have been significantly affected by the high fuel prices and the increased competition in the sector. The adverse economic conditions have affected, as expected, the traffic volumes in all categories in the markets that the company operates. Moreover, the company?s financial results include extraordinary vessels chartering at the North Africa region. More precisely, the consolidated financial results of the first quarter of 2011 are improved compared to the respective period of 2010 with revenue presenting an increase of 19.3% while the operating results (EBITDA) and net results being improved by 47.6% and 14.9% respectively. The company's revenue for the first 3-month period of 2011 stood at € 34.5 million while the operating result (EBITDA) was shaped at € -4.2 million. The net results of Minoan Lines after taxes, which due to seasonality in traffic volumes are always negative, stood at -10.5 million €. On the Group's level, the revenue and operating profits (ΕBITDA) stood at the same level with that of the parent company while the net results were shaped at -10.5 million €. Within this unfavorable economic environment, Minoan Lines, having followed over the past years a bank loan reduction approach as well as a reduction of operating expenses, has substantially strengthened its overall financial position. All this has allowed the company to surpass any difficulties arising from the current economic crisis. Traffic Volumes - Market Shares North Adriatic Routes In the North Adriatic market (International routes / Ancona & Venice) Minoan Lines, having as a guiding principle the achievement of the most efficient economic operation of its fleet, succeeded in the first 3-month period of 2011 higher market shares in all traffic categories in comparison with the respective share of trips. More specifically, the company's market shares stood at 36.7%, 33.8% and 41.8% for passengers, private cars and trucks respectively with Minoan Lines accomplishing the 32.4% of trips in the North Adriatic market. Moreover, during the first quarter of 2011, Minoan lines carried 55,000 passengers, 13,000 private cars and 21,000 freight units. Deployment of new vessels In October 2009 the new building vessel Cruise Europa was deployed on the route Patra - Igoumenitsa - Ancona while last July the sister vessel Cruise Olympia was deployed on the same route. With carrying capacity of 3,000 passengers and a 3,000 linear meters garage (each vessel can carry 180 international transport trucks and 250 cars or alternatively 1,000 private cars approximately) both Cruise Europa and Cruise Olympia are signalling a new era in the sea connection between Greece and Italy. It should be noted that the said vessels, which operate together for the first time on the route this year, have already developed a successful commercial dynamic increasing Minoan Lines? market shares in all traffic categories on the subject route. More precisely, during the first quarter of 2011 the market share for passengers stood at 37.6% versus 32.6% in the first quarter of 2010, for private cars it stood at 33.0% versus 24.8% in the first quarter of 2010 and for freight unit it stood at 46.0% versus 35.8% of the respective period of 2010. Domestic Market On the route ''Heraklion-Piraeus'', Minoan Lines maintained its leading position during the first quarter of 2011 while it improved its market share in both categories of passengers and private cars in comparison with the respective period of 2010. Moreover, the company carried 148,000 passengers, 17,000 private cars and 12,000 freight units during the first quarter of 2011. In addition, the company achieved higher market shares in all traffic categories in comparison with the respective share of trips. More specifically, the market shares on this specific route, with the company having realized the 35.3% of trips, reached 55.2% for passengers, 51.6% for private cars and 38.5% for freight units. Prospects in 2011 The year 2011 is expected to be a difficult period for most of the Greek companies and the ferry sector as well. The continuing efforts by the government to reverse the long lasting fiscal imbalances have forced it to impose urgently austerity measures in order to address the unprecedented economic crisis. These austerity measures, as broadly expected, have a negative effect on households' income. The aforementioned, in combination with the high fuel prices, the increased competition in the sector and the readjustment of the offered tonnage on the routes Heraklion - Piraeus and Patras - Igoumenitsa - Ancona are the main factors that will affect the company's economic performance.
VARVARESSOS S.A. : Financial results for the 3-month period 2011
VARVARESSOS S.A. turnover during the 3-month period of 2011 reached 8,18 million EURO compared to 5,85 million EURO in 2010. The company's exports came up to 6,17 million EURO which is 75% of the revenues. Gains before depreciation (EBITDA) have reached 1,09 million EURO contrary to losses 219 thousand EURO during the same period of 2010. Gains after taxes reached 378 thousand EURO compared to losses 925 thousand EURO in the 3-month period of 2010. The aforementioned statements are posted at the company's website www.varvaressos.gr
NIREUS S.A. : Results For Three Months 2011
Read the Press Release
SFAKIANAKIS S.A. : Press Release
In today's sensitive economic environment beyond the impact of the debt crisis in Greece was added to the first quarter of 2011 and the delay of the withdrawal of the measure thus literally freeze the market for the first two and a half months recording a new negative record low and affecting with the most adverse way the whole market. Total car registrations in the first quarter of 2011 amounted to 25,267 units, presenting a decrease of 57.4% compared with the corresponding quarter of 2010. SUZUKI in the first quarter of 2011 made 756 car registrations which represent a market share of 3.0% occupying the 11th position among car importers. Total motorcycle registrations in the first quarter of 2011 amounted to 9,081 units, recording a decrease of 22.3% compared with the registrations of the first quarter of 2010. SUZUKI made 296 motorcycle registrations, which represent a market share of 3.3% occupying the 7th position among importers of motorcycles. Group's turnover for the first quarter of 2011 amounted to € 55.3 mil., presenting a decrease of 44.6% compared with sales of € 99.8 mil. of the first quarter of 2010. Respectively, Company's turnover for the first quarter of 2011 amounted to € 47.4 mil., presenting a decrease of 45.2% compared with the sales of 86.5 mil. of the first quarter of 2010. Gross profit for the first quarter of 2011 amounted to € 12.8 mil. for the Group and € 5.7 mil. for the Company compared to the corresponding figures of 2010 which amounted to € 21.7 mil. for the Group and to € 13.8 mil. for the Company, presenting a decrease of 41.0% for the Group and 58.6% for the Company. Loss before tax for the first quarter of 2011 amounted to € 8.4 mil. for the Group and € 6.2 mil. for the Company. Group's management continuing its efforts to reduce cost achieved a reduction of total expenses for the Group by € 6.9 mil. so that Group's total expenses on 31.03.2011 amounted to € 18.3 mil., corresponding to a reduction of 27.4% compared to € 25.2 mil. on 31.03.2010. Given the importance of cash flow even in the highly aggravated first quarter of 2011 cash flow from operating activities for the Group are positive showing an improvement of € 12.3 mil. and amounted to € 10.8 mil. compared with the corresponding cash flow of the first quarter of 2010 which presented negative by € 1.5 mil. The Group's management continues its efforts both in the direction of improving market share and level of sales of all Group companies and to further reduce of cost and expenses.
ATTICA HOLDINGS S.A. : 1st QUARTER 2011 RESULTS
AFTER TAX LOSS EURO 22.78MLN VERSUS EURO 21.95MLN IN 1st QUARTER 2010 HIGH FUEL COST AFFECTS THE GROUP?S RESULTS THE DELIVERY OF THE BRAND NEW VESSEL BLUE STAR DELOS IS DUE IN JUNE 2011 The traffic in the ferry business is seasonal with the first quarter of each year being slow compared to the other three quarters of the year. It should also be noted that this year the traditionally increased Easter traffic will be included in the 2nd quarter results, whereas it was included in the 1st quarter in 2010 as well as the fact that Attica Group did not operate in the Rafina-Cycladic islands route in the first three months of 2011. The continuing adverse financial environment caused a further reduction in traffic movements in the Adriatic Sea and in the domestic trade. FINANCIAL RESULTS The Board of Directors of Attica Holdings S.A. (Attica Group) announces the Group's 1st quarter 2011 financial results which show consolidated Revenues of Euro 44.20mln (Euro 51.59mln in Q1 2010) and Earnings before taxes, investing and financial results, depreciation and amortisation (EBITDA) of Euro -16.20mln (Euro -10.02mln). Attica's consolidated results show after tax Losses of Euro 22.78mln including capital gains of Euro 3.9mln from the sale of a vessel against Consolidated after Tax Losses of Euro 21.95mln in the period January to March 2010 including a one-off Loss of Euro 4.38mln from financial derivatives on fuel hedging. The fluctuations in the world price of fuel from which Attica's fleet bunker costs are derived, play an important role in the Group's results. It must be noted that, compared to the first three months of 2010, in the 1st quarter of the current year bunkering costs increased by 26% and therefore affected significantly the operating costs of the vessels. In the course of the first quarter of 2011, Attica's management completed successfully a Euro 24.3mln capital increase and proceeded with the sale of one vessel. The disposal of Superferry II added Euro 2.65mln to the cash balances of the Group, raising the cash position of Attica at Euro 21.4mln as at 31st March, 2011 versus Euro 26.5mln at year end 2010. Attica's Q1 11 results as well as those of the corresponding period in 2010, are reported under International Financial Reporting Standards (IFRS) and as at 31st March 2011, show Total Equity Euro 467.64mln (Euro 471.05mln as at 31st December, 2010) and Fixed Assets (ships) at Euro 731.90mln (Euro 738.24mln as at 31st December, 2010). The Group's results include Interest paid Expenses of Euro 2.20mln against Euro 1.27mln and depreciation charges of Euro 6.83mln against Euro 6.73mln in Q1 10. TRAFFIC VOLUMES - MARKET SHARES In the Greece-Italy routes, Attica?s vessels Superfast VI, Superfast XI, Superfast I and Superfast II carried 86,418 passengers (17.6% drop), 29,762 freight units (5.4% drop) and 16,904 private vehicles (13.4% drop) maintaining the leading position in all categories of traffic with market shares of 34% in passengers, 33% in freight units and 33% in private vehicles on the total passenger, freight unit and private vehicle traffic in the Greece-Italy routes in the Adriatic Sea in the first three months of 2011. Compared to the same period last year, Attica?s vessels operated 5% less sailings in the first quarter of 2011, due to sale of Superfast V in mid February 2010. The market shares are derived from statistical data of the Greek Port Authorities. In the domestic ferry routes to the islands, (Piraeus to the Cycladic islands, Piraeus to the Dodekanese islands and Piraeus to Herakleion and for January only, to Chania, Crete), the Group?s vessels, Blue Star 1, Blue Star 2, Blue Star Paros, Blue Star Naxos, Blue Star Ithaki, Superferry II (until she was sold on 1st March), Diagoras and Superfast XII, carried 468,982 passengers, (17.3% drop), 27,670 freight units (22,0% drop) and 55,549 private vehicles and motos (27.2% drop) in 17% less sailings compared to 1st quarter 2010 due to the non operation in the Rafina-Cycladic islands route and the later Easter period this year. EURO 24.3MLN CAPITAL INCREASE - 100% SUBSCRIBED Attica's recent share capital increase was completed at the beginning of January 2011. The proceeds of the share capital increase which was fully subscribed amounted to Euro 24.27mln. Following the above, Attica's share capital consists of 191,660,320 shares of nominal value Euro 0.83/share with the main shareholders Marfin Investment Group Holding S.A. holding directly and indirectly 89.4% of the shares of Attica Holdings S.A. The proceeds of the share capital increase will be used in the first half of 2011 to repay bank debt and as working capital of the Group. OF SUPERFERRY II - NEWBUILDINGS December 2010, Attica Holdings S.A. came to an agreement to sell to the Greek company Golden Star Ferries the RoPax vessel Superferry II for a total cash consideration of Euro 4.65mln. The completion of the transaction and the delivery of the 1974-built Superferry II to her new owners took place on 1st March, 2011. the sale of Superferry II, Attica Group booked capital gains of approximately Euro 3.9mln which are included in this year?s 1st quarter financial results, and its cash balances increased by about Euro 2.6mln. The disposal of Superferry II is part of Attica's strategy for rationalisation of its fleet ahead of the deliveries of the brand new vessels Blue Star Delos in June 2011 and Blue Star Patmos at the beginning of 2012. is the only company in Greece that continues to invest in the modernisation of its fleet, owning the most modern fleet of car passenger ferries in the SE Mediterranean, and remains committed to continue providing high quality services to its customers more information please contact: Criticos CFO .: +30 210 891 9500 : +30 210 891 9509 attica-group.com attica-group.com superfast.com bluestarferries.com Group's accounts will appear on the Athens Exchange (www.ase.gr) and the Company's websites (www.attica-group.com) and will be published in the Greek Press on Tuesday 31st May, 2011.
MARFIN INVESTMENT GROUP HOLDINGS SA : First Quarter 2011 Results
- Consolidated sales for Q1 reached €372.5m - Gross profit for Q1 amounted to €29.2m - At company level, the loss after tax for the quarter amounted to €4.6m - At group level, the consolidated loss after tax and minorities for the quarter from continuing and discontinued operations amounted to €67.8m, compared to a loss of €89.5m the year before. The performance in the first quarter is in-line with management's expectations while the improvement is expected to be greater in the next quarters - From an operational perspective, despite the first quarter being traditionally the slowest in most of our sectors, many of our portfolio companies have improved their results over the same period last year - The Group's Net Asset Value stands at €2.1bn, or €2.70 per share; current cash at company level amounts to €497.4m - Following a two-year defensive strategy placing emphasis on maintaining market shares, implementing cost-cutting initiatives, and substantial deleveraging, Marfin Investment Group has shifted its strategy in the new year and is now focused on emphasising share value appreciation in the medium-term - Following restructuring initiatives from last year and the first quarter of this year, our companies will be in a position to build on these developments, demonstrating their positive impact on their results over the coming quarters ATHENS - Marfin Investment Group (MIG) announced today its First Quarter 2011 results. The group reported results with consolidated sales for the quarter of €372.5m and a consolidated loss after tax and minority interest of €67.8m. At company level, losses totaled €4.6m for the quarter. The net asset value (NAV) of the group currently stands at €2.1bn, representing a NAV of €2.70 per share. As in previous years, the first quarter's profitability was affected by high seasonality which traditionally impacts many of MIG's portfolio companies. MIG's largest investments, such as Vivartia and Attica, as well as companies such as Hygeia, Olympic Air, Sunce and Hilton, have historically experienced a reduction in sales and traffic during the first quarter, ahead of the substantially busier second and third quarters of the year. Despite this, MIG's companies continue to strengthen their positions as leaders in their respective sectors, holding leading market positions and the highest brand awareness amongst customers, as well as bringing new, innovative products to market during the quarter. Commenting on the Q1 results, Dennis Malamatinas, Marfin Investment Group's Chief Executive Officer stated: "As we announced at our 2010 Full Year results, this year marks the beginning of a shift in our corporate strategy. From a defensive strategy, focusing primarily on the strengthening and maintaining of leading market positions of our portfolio companies, we have now moved towards placing more emphasis on enhancing and realising the value of our investments. We have now shifted our efforts, seeking to create upside in shareholder value in the medium term. Despite the shift, we continue to be satisfied of the enviable market shares and leading positions of our portfolio companies, and of the efforts that have been made at the level of each company to continue to contain costs and increase consumer loyalty to our brands. From an operational perspective, despite the traditionally slow nature of the first quarter in many of our sectors, such as food, transportation, and leisure, we have managed to improve our results over the same period last year, resulting in a lower loss for the quarter. Whilst our companies are still undoubtedly affected by the current state of the economy, and although they will continue to be so through the rest of the year, we believe that our collective efforts have established the strongest bases from which our companies can grow their businesses as the economic conditions improve. Despite this continuously challenging economic environment, these efforts have resulted in the strengthening of our companies in relation to their competitors. During the first quarter, we have embarked on many initiatives that have made real impacts on our performance for the year thus far. At Olympic, we have refocused our routes and destinations to transform into a regional airline, rationalising many of our longer haul routes and realising profits on the sale of their slots - and have entered into several cooperation agreements with other airlines, strengthening our offerings to many destinations and providing our customers with even more opportunities than before. At Hygeia, our healthcare group, we completed the disposal of our hospitals in Turkey, which has already begun to positively affect the running results of the company. At Attica, we have just announced a joint service agreement with ANEK Lines, providing our customers with flexibility and continued value in several of our routes. The first quarter of the year is traditionally the weakest, due to seasonality in a number of our businesses. Despite that, our results are already improved versus last year and we expect by year-end to demonstrate substantial operating improvement versus 2010. Finally, the trends recorded and the initiatives adopted indicate that we are on track to a return to full-year profitability in 2012. We continue to firmly believe that the group's portfolio companies are well on their way to yielding operating profitability and with this belief we continue to provide our customers with the best products and services possible, contributing towards a realisation of value for our shareholders." Contacts: Investor Relations: +30 210 350 4000, +44 207 054 9280 About MIG: Marfin Investment Group Holdings S.A. is an international investment holding company based in Greece and throughout Southeastern Europe. The Company believes it is uniquely positioned to take advantage of an expanding array of investment opportunities in this region; opportunities in which traditional investment vehicles lacking MIG's regional focus, scale, expertise, and/or its investment flexibility and financial resources, may find difficult to identify and exploit. MIG is quoted on the Athens stock exchange and has a portfolio of leading companies in sectors across the SEE region, grouped into Food & Beverages, Healthcare, IT & Telecoms, Transportation & Shipping, Real Estate, Tourism & Leisure, Environmental, and Financial Institutions sectors. Included amongst its portfolio and subsidiary companies is Vivartia, a leading food and food retail business in the region; Attica Group, a leading passenger ferry operator; Olympic Air, Greece's national flag carrier; the Hygeia Group of hospitals, a leading private hospital group in Greece, Cyprus and Albania; Marfin Popular Bank; SingularLogic, the leading IT operator in Greece; and Robne Kuce Beograd, the largest chain of department stores in Serbia. The company has been listed on the Athens Stock Exchange since July 2007.
EFG EUROBANK ERGASIAS SA. : Merger Aproval & Cessation of Trading of DIAS S.A. shares
EFG Eurobank Ergasias S.A. (the "Bank") announces the following: On Monday, 30 May, 2011, decision No. K2 - 4850/30-5-2011 of the Secretary-General of the Ministry of Regional Development and Competitiveness was registered in the Registry of Societes Anonymes, which approved: a) The merger of the Bank with DIAS Portfolio Investments S.A. ("DIAS") by absorption of the latter by the former. b) The increase of the Bank's share capital due to the merger, through the issue of 14,353,472 new ordinary shares and the simultaneous modification of the ordinary shares? nominal value from €2.75 to €2.81, with a corresponding amendment of the articles 5 and 6 of the Bank?s Articles of Association. Following the above: a) As of Tuesday, 31 May, 2011, DIAS's shares will cease trading in the Athens Stock Exchange. b) The beneficiaries of the new shares, issued as a result of the merger at the prescribed share exchange ratio, are the shareholders registered in the Electronic (Dematerialized) Securities System ("DSS") on 2 May 2011 ("Record Date"). More specifically: -Each DIAS's shareholder will exchange 5.3 ordinary shares of DIAS for 1 new ordinary share of the Bank, at a nominal value of €2.81. -The Bank's ordinary shareholders will retain the number of shares they already own, at an adjusted nominal value per share from €2.75 to €2.81. As of Tuesday, 31 May, 2011, the opening price of the Bank's ordinary shares on ATH.EX. will be determined according to ATH.EX. Regulation and Decision 26 of the Board of Directors of ATH.EX., as in force. The date when the accounts of DIAS's shareholders will be credited with the new ordinary shares of the Bank, issued as a result of the merger, and the date when the new ordinary shares of the Bank will commence trading in the Athens Stock Exchange, will be notified by the Bank with a new announcement. Similarly, the date and other details concerning the distribution to the beneficiary shareholders of the proceeds from the sale of any fractional rights, will also be announced. For further information, Shareholders may contact the Bank's Investors Information Services Division at 8, Iolkou Str. and Filikis Etaireias (Building A), 142 34 Nea Ionia (tel. +30 210-3523300), during working days and hours.
GR. SARANTIS S.A. : Consolidated Financial Results Q1 2011
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GR. SARANTIS S.A. : Announcement of Regulated Information according to Law 3556/2007- Publication of Data & Information for the period 01/01/2011 - 31/03/2011
The company GR. SARANTIS S.A., announces, according to the L.3556, that the Company's Figures & Information for the period 01/01/2010 to 31/12/2010 will be published tomorrow 31/05/2011 in the newspaper ?ELEFTHEROS TYPOS? and are already available, together with the Interim Financial Statements, at the company's website www.sarantis.gr as well as the Athens Exchange website www.ase.gr.
ELBISCO HOLDING S.A. : Availability of the financial statements of the three months period ended
The company ELBISCO S.A. HOLDING informs the investors that its financial statements concerning the three months period ended March 31, 2011 are available in the company's website (www.elbisco.gr) as well as in the website of the Athens Exchange (www.athex.gr). The figures and information related to the aforementioned period will be published tomorrow, Tuesday, May 31th 2011 in IMERISIA.
MARFIN INVESTMENT GROUP HOLDINGS SA : Announcement of Regulated Information According to Law 3556/2007
MARFIN INVESTMENT GROUP HOLDINGS S.A. announces 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 30th, 2011 Mr. Andreas Vgenopoulos, Chairman of the Board of Directors of MIG, acquired 200,000 MIG shares, with total net value of EUR 98,267.80.
T BANK S.A. : Press Release
Q1 2011 FINANCIAL RESULTS Overview of T Bank Group Financials With almost a year since the participation of T.T. Hellenic Postbank S.A. in T Bank's share capital and the change in the Bank's management and strategy, a series of actions has been implemented in order to restructure T Bank. The first results of this challenging effort, to return to a profitable base, are now beginning to show. -The Bank's depository base has been strengthened with net inflows -on a consolidated basis- from H1 2010 until 31.03.2011 of €281 million at a time when the market as a whole faced continues net deposits outflows. -The operating expenses reduction program is continued with staff expenses and basic operational costs decreased, a trend which is expected to become more obvious in the quarters to follow. The decrease will be supported by the Bank's redundancy plan, recently completed, with 109 participations or 11% of the Bank's staff. Upon completion of the plan T Bank's work force will be reduced by at least 15% versus the beginning Q4 2010. -Operating expenses decreased by 9% versus Q1 2010. Since December 2010 the efforts have intensified with a drastically expected reduction on annual basis more of 24%. The macroeconomic environment in which the Bank's program is being implemented can not be overlooked. The highlights of T Bank Group for Q1 2011 are summarized bellow reflecting the negative effects of the Greek economic crisis in the profitability and the loan portfolio quality of the Greek Banking Sector. -Gross Loans increased by 1% to €1.93 billion yoy versus €1.91 billion in 31.03.2010 according to management aim for quality restructuring and stabilization of loan portfolio. -Customer deposits increased by €189 million yoy or 12% to €1.74 billion versus €1.55 billion in 31.03.2010 -Total Group Equity amounted to €66.7 million -Total operating expenses decreased by 9% to €19.4 million versus €21.4 million in Q1 2010 -Total operating income increased by 10% to €16.3 million versus €14.8 million in Q1 2010 -Loss before tax and provisions decreased by 52% to €3.1 million versus €6.5 million in Q1 2010 -Pre tax loss decreased to €9.94 million versus €14.29 million in Q1 2010 and Loss after tax and minority interests decreased to €9.91 million versus €13.48 million in Q1 2010 Review of Group Balance Sheet Total assets increased yoy by 15% to €2.6 billion versus €2.3 billion in 31.03.2010. Such increase is due to investments in Greek Government Bonds (GGBs) and Treasury bills. Loans net of provisions remained virtually unchanged compared to the end 2010 as well as 31.03.2010, reflecting the tighter credit standards and loan portfolio restructuring policy applied by the Bank. Gross loans increased yoy by 1% to €1.93 billion versus €1.91 billion in 31.03.2010. It is worth noting the direction that the Bank has adopted in the lending and supporting of enterprises, mainly the healthy SME's. T Bank, consistent in its support of economic activity has increased its lending facilities to healthy small and medium enterprises, despite the adverse economic environment. Business loans amount to 45% of the total loan portfolio versus 41% in 31.03.2010, increased by 10% yoy. Similarly, loans to small and medium enterprises which amount to 32% of the total loan portfolio versus 26% in 31.03.2010, increased by 24% or €120 million yoy. However, given the credit risk to which the Bank is exposed, the Bank continues to increase provisions for loan losses. Therefore, accumulated loan loss provisions after write-offs increased to €137.3 million versus €130.4 million in YE 2010 and €111.4 million in 31.03.2010. At the same time, in order to actively manage credit risk the Bank has enhanced its overdue claims collection mechanisms. Furthermore, given the adverse economic conditions and the economic hardship that both households and enterprises are facing, the Bank has developed new restructuring debt products in order to better support borrowers with their debts. Total investments in securities (Available for Sale, Trading, Held to Maturity) increased by €416 million yoy to €467.4 million versus €51.7 million in 31.03.2010. Such increase is due to investments in Greek Government Bonds (GGBs) which amounted to €434.5 million in 31.03.2011. It is noted that investments, as compared to YE 2010, decreased by €83.7 million, a trend that will continue since the Bank is implementing a complete withdrawal program of the liquidity facility provided by the ECB. Following the deposits net inflow -on a consolidated basis- during H1 2010 and Q1 2011 of €281 million, group customer deposits amounted to €1.74 billion, increased by 12% yoy and by 2% ytd. Following the decrease in customer deposits from Q4 2009 to H1 2010, the trend has now stabilized and continues to be positive. Total group equity amounted to €66.7 million versus €140.4 million in 31.03.2010 and €76.7 million as at YE 2010, as a result of the accumulation of significant losses in the current and previous financial years. Review of Group results Q1 2011 group results reflect the continuous efforts towards drastic reduction of operating expenses and the development of alternative sources of income. Coordinated actions in both directions resulted in the containment of loss before tax and provisions by 52% to €3.1 million and loss after tax and minority interest by €3.6 million to €9.91 million. Total operating income increased by 10% to €16.3 million due to investments in Greek Government Bonds (GGBs). Interest income increased by 38% yoy to €31.4 million with loan interest income increased by 2% to €22.6 million and bond loans interest increased by 8.3% to €8.7 million due to investment in high yielding GGBs. Interest income increase offset the increase of interest expense to €20.1 million due to the high cost of recovering deposits in an effort to increase the Bank's liquidity. Therefore, net interest income increased by 20% to €11.3 million versus €9.4 million in Q1 2010. Accordingly, net commission income marginally increased by 1% to €2.73 million versus €2.69 million in Q1 2010. Profits from financial transactions amounted to €275K. Total operating expenses decreased by 9% yoy to €19.4 million mainly due to reduced staff expenses. Staff expenses decreased by 9% yoy to €10.7 million versus €11.8 in Q1 2010. Staff leaving the Bank and its subsidiaries caused that reduction versus 31.03.2010 which will become more evident in the quarters to follow. We note that that the Q1 2011 results do not reflect, the positive effect of the recently completed Bank's redundancy plan. Administrative expenses decreased by 9% to €6.1 million due to the Bank's basic operating expenses falling by 12% (lease, branch and premises maintenance, postal and communications and other consumables) and the Bank's contribution to the Deposit Guarantee Fund also reduced. The ongoing rationalization plan of administrative and staff expenses after the successful completion of Bank's redundancy plan is expected to further reduce costs. Fixed assets depreciations decreased by 11% to €2.6 million. As a result, loss before tax and provisions contained significantly by €3.4 million or 52% amounted to €3.1 million. Loan impairments sustained in high levels to €6.9 million versus €7.7 million in Q1 2010 due to the Bank's credit risk resulting from the recession in the economy. Pre tax losses restrained to €9.94 million versus €14.29 in Q1 2010 and losses after tax and minority interest by 27% to €9.91 million versus €13.48 million in Q1 2010.
HELLENIC EXCHANGES S.A. : 1st Repetitive General Meeting
HELLENIC EXCHANGES S.A. HOLDING, CLEARING, SETTLEMENT AND REGISTRY announces that today, May 30th 2011, the 1st Repetitive General Meeting of shareholders of the Company was held in the 'HERMES' hall at the offices of the Company. Shareholders representing 38,874,420 common registered shares and voting rights, i.e. 59.47% of the 65,368,563 total common registered shares participated. The General Meeting approved the reduction of the share capital by the amount of €6,536,856.30 through a reduction in the par value of each share by €0.10, and payment of this amount to shareholders, and amendment of article 5 of the Articles of Association of the Company concerning the share capital. Furthermore, the General Meeting authorized the Board of Directors to set the ex-date for the right to the share capital return of the Company, the record date for determining the beneficiaries and the payment date for the share capital return. The Company will inform investors about the ex-date and the record date of the special dividend with a new announcement.
GEK TERNA HOLDING, REAL ESTATE, CONSTRUCTION S.A. : GEK TERNA Group: Q1 2011 Results
According to the financial statements of 31/03/2011, which were prepared in accordance with the International Financial Reporting Standards, the 1st quarter results of 2011 for the GEK TERNA Group are as follows: Consolidated sales of GEK TERNA amounted to 171.6 mil euro compared to 137.6 mil euro during the 1st quarter of 2010, posting a 24.6% increase mainly due to increased sales from the construction sector and the sector of thermal energy production. Earnings before interest tax depreciation and amortization (EBITDA) of the GEK TERNA Group amounted to 19.3 mil euro, compared to 21.1 mil euro during the respective period of 2010, posting a decrease of 8.5%, mainly attributed to the construction sector. Correspondingly, earnings before interest and tax (ΕΒΙΤ) of the Group amounted to 8.9 mil euro, compared to 13.5 mil euro during the 1st quarter of 2010, decreased by 34%. Earnings before tax posted a decrease of 74.4% and amounted to 2.2 mil euro compared to 8.7 mil euro during the respective period of 2010, while net earnings after minority interest, amounted to 1 mil euro compared to 4.5 mil euro during the 1st quarter of 2010, thus posting a decrease of 77%. The Group's total investments during the period amounted to 61.6 mil euro and mainly refer to the Energy segment. Total net debt amounts to 558 mil euro, as the Group maintains cash & cash equivalents of 300.5 mil euro, while total bank debt amounts to 858.6 mil euro. Total equity amounted to 733.1 mil euro. As regards to the individual activities: the Group's construction backlog amounts to approximately 2.1 billion euro, 16% of which corresponds to the Middle East and Balkans markets. The construction turnover for third parties amounted to 128 mil euro compared to 115.1 mil euro during the 1st quarter of 2010, posting a 11.2% increase, while operating profit (EBIT) of the segment decreased to 2.3 mil euro compared to 7.9 mil euro the respective quarter of 2010. In the Real Estate segment, sales amounted to 1 mil euro versus 1.7 mil euro the respective period last year, while operating profit amounted to 0.3 mil euro compared to 0.4 mil euro during the 1st quarter of 2010. In the Concessions sector, turnover posted a 5.5% increase and amounted to 7.2 mil euro compared to 6.8 mil euro during the 1st quarter of 2010, while operating profit (EBIT) amounted 1.2 mil euro compared to 0.8 mil euro during the respective period last year. Income from the segment is attributed to the management of the Ionian Road project and from the management of car parks. As to what concerns the concession agreements for the highways where GEK TERNA Group is one of the shareholders (Ionia Odos, Kentriki Odos, Olympia Odos), and where construction works have temporally been suspended, all parties involved (namely the Greek State, the Concession groups and the Banks) are currently in a process of reaching an agreement that will allow the resumption of the construction works. For the segment of Energy production from Thermal Sources, sales for the Group amounted to 24.3 mil euro compared to 1.7 mil during the 1st quarter of 2010, while earnings before interest, tax, depreciation and amortization (EBITDA) amounted to 6.3 mil euro versus 0.8 mil euro during the 1st quarter of 2010, reflecting the positive effect from the commencement of commercial operation of the Group's second unit in Viotia (HERON 2 - 435 MW capacity). It is noted that the Group has already transferred 50% of the two aforementioned thermal units to the Group GDF SUEZ, thus exercising joint management on such. In the Renewable Energy Sources (RES) sector the Group, through TERNA ENERGY, a subsidiary of GEK TERNA S.A., operates 202 MW of energy production facilities from Renewable Sources, while an additional 477 MW are currently under construction or ready for construction, from which 245 in Greece, 54 MW in Eastern Europe and 178 MW in the USA. Income from the production of energy from RES amounted to 9.4 mil euro, decreased by 5.6% while EBITDA amounted to 5.6 mil euro during the 1st quarter of 2011, compared to 6.3 mil euro the respective quarter of 2010. Information Investor Relations: Aristotelis Spiliotis, tel + 30 210 69 68 431, tspiliotis@gekterna.gr Press Office & Public Relations: Konstantinos Lambrou, tel + 30 210 69 68 445, prkl@gekterna.gr
TERNA ENERGY S.A. : 1ST Quarter 2011 Results
According to the financial statements of 31/03/2011, which were prepared in accordance with the International Financial Reporting Standards, the results for the 1st Quarter of 2011 of TERNA ENERGY are as follows: Consolidated sales amounted to 13.1 mil euro compared to 16.1 mil euro during the 1st quarter of 2010, thus posting a decrease of 18% mainly due to the decrease of income from the company's construction activities. Income from the energy sector amounted to 9.4 mil euro compared to 10 mil euro during the respective period of 2010, posting a 5.6% decrease. Sales of the company's construction sector towards third parties amounted to 3.6 mil euro, compared to 6 mil euro the respective quarter of 2010, posting a decrease of 38.8%. Earnings before interest tax depreciation and amortization (EBITDA) amounted to 5.7 mil euro compared to 6.7 mil euro the 1st quarter of 2010, thus decreased by 14.1% compared to the respective period last year. EBITDA from the energy segment amounted to 5.6 mil euro compared to 6.3 mil in the 1st quarter of 2010, posting a 10.6% decrease as a result also of the company's increased expenses in an effort to expand abroad. EBITDA from constructions to third parties amounted to 0.1 mil euro compared to 0.3 mil during the 1st quarter of 2010, posting a 70% decline. Earnings before interest and tax (ΕΒΙΤ) amounted to 3.8 mil euro, decreased by 24.9% compared to 5 mil euro during the 1st quarter of 2010. Correspondingly, earnings before tax were affected by the lower interest income and amounted to 3.8 mil euro compared to 5.7 mil euro during the respective period of 2010, thus posting a decrease of 33.3%. Net earnings after minority interest, amounted to 2.5 mil euro compared to 4.3 mil euro the respective period of last year, thus decreasing by 40% compared to the 1st quarter of 2010. The Group's investments amounted to 45 mil euro for the first quarter of 2011, as the investment plan is implemented intensively. Cash flows from operating activities before changes in working capital amounted to 6.2 mil euro during the 1st quarter, versus 6.7 mil euro the respective period of 2010, while the Group's net cash position (cash & cash equivalents minus bank debt) amounts to 70 mil euro. During 2011, TERNA ENERGY acquired complete licenses for additional 69 MW of wind parks and 8 MW of photovoltaic units in Greece, while soon the construction of 178 MW in America is expected to commence. Overall, the Group maintains RES installations under construction or fully licensed with a capacity of 477 MW while it also maintains 202 MW of RES installations in operation, as yet another wind park of 12 MW recently began operating in Poland, while the company's second hydroelectric project with a capacity of 8.5 MW is commencing operations. The company has production licenses for an additional 1,563 MW of wind parks, while it has production licenses for 125 MW of hydroelectric projects. In total, the company operates, constructs or has obtained full permits for 678 MW of RES installations, in Europe and US. Information: Investor Relations: Aristotelis Spiliotis, tel + 30 210 69 68 431,tspiliotis@terna-energy.gr Press Office & Public Relations: Konstantinos Lambrou, tel + 30 210 6968445, prkl@gekterna.gr
BABIS VOVOS INTERNATIONAL TECHNICAL S.A. : 1st QUARTER 2011 FINANCIAL RESULTS
NAV (net asset value) per share before deferred tax stood at € 3.10, compared to € 2.20 at year-end 2010, an increase of 41%. NAV per share after deferred tax stood at € 2.36, compared to € 1.72 at year-end 2010, an increase of 37% that stemmed from the net gain from fair value adjustment of the Group's investment property portfolio of € 28.5 million. BVIC Group's investment properties for Q1 2011 stood at € 858.5 million, a 3.5% increase from year-end 2010. As was announced in April 2011, the Group's entire investment property portfolio was revalued by Proprius S.A. (member of Cushman & Wakefield Alliance) in Q1 2011, leading to the increase in the portfolio value. The Group's revenue stood at € 9.5 million in Q1 2011, a decrease of 30.5% compared to Q1 2010 mainly due to the fact that rental revenue decreased by 27.8% to € 9.4. The rental revenue generated by investment properties decreased by 14% year-on-year, as per management's guidance at Q3 2010, whereas that generated by sublease properties fell by 63%. BVIC Group's EBITDA reached € 36.1 million, compared to € 4.6 million in Q1 2010. This was mainly due to the net gain from fair value adjustment of € 28.5 million in Q1 2010 whereas there was no gain from investment properties in the same period in 2010. The Group's profit after tax for the quarter stood at € 22.2 million compared to a loss of € 3.1 million in Q1 2010. Business Update The "Joint Regeneration - Alexandras Avenue" program was forwarded on the 12th of May 2011, to be voted upon in parliament, as an amendment to the legislation on "Maritime Strategy For the Protection and Management of the Marine Environment -Harmonization with the directive 2008/56/EC of the European Parliament and its Council of the 17th of June 2008" that was submitted by the Ministry of the Environment, Energy, and Climate Change, on the 10 of May 2011. On May 25, 2011 the appropriate Standing Committee on Production and Trade of the Parliament, completed the second reading of the bill which includes the amendment to the Joint Regeneration Project of Votanikos - Alexandras Avenue, that is expected for debate and vote in the Parliament.
KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. : Publication of Financial Statements for the period 01/01/2011 - 31/03/2011
KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. announces that the figures and information for the period 01 January 2011 to 31 March 2011 will be published in newspapers KERDOS and NIKI on Tuesday 31 May 2011 and will be posted on the company?s website at www.kiriacoulis.com. The annual financial report for the same period will be posted on the above website as well.
GEK TERNA HOLDING, REAL ESTATE, CONSTRUCTION S.A. : IR REPORT
The company GEK TERNA S.A. announces that the IR REPORT with the Q1 2011 financial results will be posted on its website, www.gekterna.gr and on ASE's website www.athex.gr.
TERNA ENERGY S.A. : IR Report
The company TERNA ENERGY S.A. announces that the IR REPORT with the Q1 2011 financial results will be posted on its website, www.terna-energy.gr and on ASE's website www.athex.gr.
INTRALOT S.A. : Announcement
In relation to publications regarding the initiation of prosecution against INTRALOT's executives for instigation to breach of trust, an offence for which former executives of OPAP SA are accused, the Company announces and clarifies the following: The filing of the charges is the result of a complaint filed in September 2010 by GLORY TECHNOLOGY LIMITED, a company based in Cyprus, in the context of litigation proceedings against OPAP SA pursuing the recognition by OPAP SA of a right of first refusal for the procurement of technology solutions to OPAP SA against all other technology providers of the sector. It has to be mentioned that GLORY TECHNOLOGY LIMITED, that has a personnel of ten persons, has not participated until now to any technology tender issued by OPAP SA or any other lottery worldwide. As it is well known, in Greece, the initiation of prosecution doesn't amount to evidence of existence of guilt in relation to the persons involved but on the contrary it constitutes the initiation of the process for examining on whether or not any evidence of wrongdoing exist in relation to the allegations. For the specific case, it has to be emphasized that the contractual relationship between INTRALOT and OPAP SA, which is not challenged, has already been investigated by the European Commission as well as by the Greek Courts and the absolute legality of the conclusion of these contracts has been ascertained. The Company firmly believes that through the procedure of the criminal examination, it will be proven, once more, that the result of the contract was advantageous and that OPAP SA suffered no damage. Despite the fact that in the current economic environment in Greece it is obvious that the equities markets are rendered volatile, we believe that our share's closing price today does not represent the fundamentals and financials of the Company, which derived 93% of its revenues through its international operations. In any case, INTRALOT has mandated its legal advisors to examine the legal means to protect the Company's and its shareholders' interests.

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