Trading on the Athens Stock Exchange started yesterday in the new shares of Aktor Group, following the successful completion of the recent €200 million growth equity capital increase, which was oversubscribed and will finance part of the €2 billion investment, aiming to expand the portfolio of activities and create new sources of revenue.

THE MAJOR INVESTMENTS

The group is implementing a dynamic business plan and, within the year, will make investments of almost €600 million in real estate and almost €190 million in RES, to be covered by the AMK, equity and other financing sources. At the same time, it will implement a corporate transformation that will change the way it operates and form new vertically integrated subsidiaries, with the aim of achieving synergies and optimizing performance. The group aims to reach a turnover of €3.2 billion and a profit after tax of €165 million in 2030.

BACKLOG AND VALUATION

In 2022, when Winex Investments entered the group's share capital, the market capitalization was around €200 million; today, it exceeds €1 billion and has increased fivefold. Similarly, turnover is expected to grow from €225 million at that time to over €1.2 billion, while the EBITDA ratio is estimated to go from negative to €74 million in FY 2024, and backlog from €1.3 billion to €4.5 billion today.

VALUE CREATION FOR SHAREHOLDERS

Aktor Group Chairman and CEO, Alexandros Exarchou, said that "the goal is to make Aktor the largest company in Greece in the technical sector," adding that "we want to create value for shareholders.". He added that "the multiplication of the capitalization and all critical business indicators of Aktor Group in recent years is evidence of this effort.".

He underlined that "with the strong support of shareholders, who confirmed their confidence in our vision and strategic planning in the recent IPO, we are implementing an ambitious corporate transformation and a €2 billion acquisition and investment plan.".