The Greek Deal.com
AVAX GROUP
€3.4 billion backlog of projects
Christos Ioannou, the chairman of AVAX Group, stated during the company's annual general meeting yesterday that the company's three pillars of strategy are construction, participation, and new investments.
Construction of power plant in Romania
The first gas turbine of the plant was installed at the Mintia power plant in Romania by AVAX Group, with the presence of Marian Neaksu, the deputy prime minister of Romania.
Works for the Patras-Pyrgos road axis on schedule
The prime minister's office, Kyriakos Mitsotakis, visited a construction site in Vrachneika, Achaia, and stated that the work for the new Patras-Pyrgos Road Axis is proceeding quickly and according to plan.
Responce with regards to the strikes on Metro Line 4
According to the relevant announcement, AVAX is in open communication with the striking Metro Line 4 project workers, emphasizing that the timely, safe, and flawless completion of all projects is still the company's top priority.
Private projects dominate over public - €3.5 to 4 billion undelivered
On Tuesday, the management of the AVAX Group gave presentations to representatives of stock exchange companies and institutional investors regarding the company's strategy, global prospects, and financial results for 2023.
EBITDA from continuing operations +4.4% to €60.8m
AVAX Group announced a net profit from continuing operations of €10.0 million and a further drop in net debt of €37.9 million in 2023.