The Greek Deal.com
BUSINESS
Ideal Holdings
Significant increase in financial results through organic growth and acquisitions
For the first quarter of 2024, IDEAL Holdings reported a 150% increase in revenues to €109.5 million, fueled by the acquisition of Attica Department Stores and rising IT revenues.
JUMBO GROUP
Dividend distribution of €1 per share approved
Jumbo declared that a dividend of €1.00 per share before withholding tax, for a total of €136.059.759,00, will be paid from the company's profit for the fiscal year 2023 at the Annual General Meeting of its shareholders.
NOVAL PROPERTY
Public Offer starts on 29/5 - Shares to be traded on 5/6
The schedule for the public offering and listing of Noval Property's shares on the Athens Stock Exchange is included in the prospectus that has been published.
ElvalHalcor
Operational profitability and decrease of net debt
The ElvalHalcor group's net sales decreased by 12.2% to €816.6 million in the first quarter of 2024 from €930.5 million in the same period of 2023, primarily due to lower average metal prices.
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.