The Greek Deal.com
BUSINESS
Autohellas
Profit up 6% in the first quarter, at €217.1 million
The company reports that both short-term and long-term leases contributed to the 9.4% increase in leasing activity turnover in Greece during the first quarter of 2024, which came to €53.6 million.
QUEST GROUP
€8,6 million profit in the first quarter
The Quest Group reported consolidated sales of €303 million, EBITDA of €18.6 million, profit before taxes of €11.7 million, and profit after taxes of €8.6 million for the first quarter of 2024.
Ellinikon
In the first half of 2026 the Cove Residences will be handed over to the new owners
The delivery of Ellinikon's Cove Residences is anticipated to take place in the first half of 2026, as was previously mentioned.
Ministry of Development and Investment
€395,125 euro fine on Henkel for unfair profitability
An administrative fine of 395,125 euros is imposed on the multinational Henkel by decision of the Minister of Development, Kostas Skrekas.
Hellenic Competition Commission
Considering the deal Piraeus Bank-MIG for late submission of merger notification
The Competition Commission is examining Piraeus Bank acquisition of exclusive control over MIG to ascertain whether the merger notification was filed beyond the deadline.
Pro Credit
Loans of €500 million to businesses
ProCredit Bank Greece reached €500 million last year, up from €400 million in 2022. The bank "entered" the Greek market during the crucial year of capital controls by acquiring its first branch in Thessaloniki.
AVAX GROUP
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.
Mytilineos
Placement of 4,5 million shares
Mytilineos is going ahead with a placement of 4.5 million shares, which is worth €175 million.
Fourlis Group
Sales up 4.7% in the first quarter and EBIT improved
Fourlis Group's sales increased by 4.7% in Q1 2024 compared to the same period last year.
REVOLUT
Boosts investment in Greece by 60% - Target 1.5 million customers by 2025
As per the announcement made by the bank, Revolut, the financial application with the highest number of downloads in Greece and one million customers, intends to undertake a range of activities to expand its presence in the country.
OPTIMA BANK
Profit increase to €32.7 million in the quarter
A profit of €32.7 million, up 78% from the same quarter in 2023, is reported by Optima Bank in its financial results for the first quarter of 2024.