The Greek Deal.com
BUSINESS
ElvalHalcor
Turnover at €2.59 billion in the 9 months
ElvalHalcor Group continued its upward trend in the period January–September 2024, recording an improvement in working capital and a decrease in net debt.
UBS
Expects significant growth in the Greek economy
UBS expects significant growth in the Greek economy, according to a report. The analysts note that growth rates will increase to 2.8% in 2025 from 2.5% in 2024, while they expect debt reduction to continue.
GOLDMAN SACHS - DBRS
Why investors are turning their attention to Greek banks
International analysts present their conclusions from the presence of the four systemic banks at the conference organised by Goldman Sachs in London.
OPAP
€352.0 million net profit in the first nine months of 2024
OPAP reported strong third quarter and nine-month results, with both group and company profitability further enhanced by the expected normalisation of operating expenses, reflecting the growth in gaming activity in the current period.
Motor Oil Group
Net profit of €224 million in the 9 months
Motor Oil recorded a net profit of €224 million euros in the 9-month period at Group level, compared to €716.7 million euros in the corresponding period last year.
QUEST GROUP
EBITDA at €65.1 million in the 9-month period
Quest Group in the first nine months of 2024 recorded consolidated sales of €926 million, EBITDA of €65.1 million, profit before taxes of €43.4 million, and profit after taxes of €33 million.
TBI BANK
Net profit of €38 million in nine months of 2024
ΤΒi Bank continues to deliver strong financial results with a record net profit of €38 million for the first 9 months of 2024, up 34% year-on-year (based on unaudited consolidated financial results).
Industrial Turnover
Decreased by 7.9% in September 2024
The general turnover index in industry (total domestic and external market) decreased by 7.9% in September 2024, compared to the corresponding index of September 2023, compared to a decrease of 5.3% in September 2023 compared to September 2022.
AMAZON
$1 billion in three new large-scale wind farms in Greece
Amazon is investing $1 billion in three new large-scale wind farms in Greece. This is the company's largest renewable energy initiative to date in Greece.
Bank of Greece
Travel receipts increased in September after two months of decline
Encouraging are the figures for travel receipts in September, which after two months of decline recorded an increase, improving the balance of services to €3.6 billion, according to Bank of Greece data.
Ellaktor
Net profit of €64.1 million in nine months
Ellaktor Group recorded a net profit of €64.1 million with an increase of 35% year-on-year from continuing operations for the nine months of 2024, compared to EUR 47.6 million in the corresponding period of 2023.