Page 1

inGreece OF



awards GR


The most admired enterprises


o f t h e G re e k Eco n o my 2 0 1 6


o f t h e G re e k Eco n o my 2 0 1 6



A move forward is always rewarded. winbank proves it is the No. 1 web banking in Greece with distinctions and awards in Greece and abroad for its successful and innovative initiatives.

2015 World’s Best Digital Banks Award in Western Europe Best Consumer Digital Bank in Greece Best SMS/Text Banking in W. Europe Gold award winbank mobile banking App Gold award winbank mycard App Gold award winbank mobile banking App winbank instant cash App

Gold award quick login/winbank mobile banking App

Silver award winbank mycard App easypay App e-Administrative fee/winbank mobile banking

Silver award winbank mycard App winbank mobile banking App Bronze award winbank instant cash App

Gold award winbank mobile banking App Bronze award winbank instant cash App

One move forward THE NO. 1 WEB BANKING IN GREECE


OWNED BY ACTIVE BUSINESS PUBLISHING 17 Kadmias St., Athens 118 55 - Greece Tel: (+30) 210 3427 481, (+30) 210 3428 667 Fax: (+30) 210 3421 955 URL: Email:

PUBLISHER Spyros A. Ktenas EDITOR IN CHIEF Dionisis Vasilopoulos EDITORS Natassa Spagadorou George Sakkas Konstantinos Panagopoulos DATA BASE Antonela Toni SALES MANAGER Theodoros Tsakaloglou MARKETING DEPARTMENT Myrto Tozakidi Frank Fousteris FINANCIAL DEPARTMENT Periklis Malamas George Priakos CTP & PRINTING Rois Bros SA



4 Diamonds






PRICE: 30 €





By Spyros Ktenas We Greeks create, produce value, export and transport goods around the planet

6 Diamonds

The key message in the recent (23-24 May, 2016) Congress of the Hellenic Federation of Enterprises (SEV) was: “Producing value. Exporting everywhere. Creating jobs” and it was not just a figure of speech, as Greece - in spite of the dramatic losses as a result of the crisis - enjoys a strong industrial activity linked with a steadily growing tourist industry and a shipping industry which is (on a national level) ranked in the top of the world. However, let us see some data: ● The value generated by the industry: 15.6% of Gross Value Added (20.1 billion euros), directly, even during the crisis; 20.1% (9.8 billion euros) of the country’s operating surplus (“gross profit”). Up to 90.4% of exported goods are industrial products (24.6 billion euros). Almost half of the country’s exports, or 42.4%, including tourism, shipping, transport, etc., come from the industrial sector. ● Industrial enterprises are the mainstay of government revenue at 49.7% of the total corporate income tax. The industrial sector employs 1,000,000 workers, of which 386,000 are directly employed (9.8% of the country’s total workforce) and 627,000 indirectly. This means that one in four workers in Greece are employed in industrial and related activities. ● The industrial sector’s performance is taking place in an environment that is burdened by a 10% higher cost for levies and taxes compared to OECD countries and up to 30% more real energy cost than competitors - twice as expensive business loan interest rates than the euro zone. At the same time, the bureaucracy significantly weighs down on production, such as for instance the more than twice time required to administer justice in Greece compared to the European Union, or the fact that 50% of the country’s surface is unregistered in terms of land use. All of these make reforms an imperative condition for competitiveness. ● Greeks own 4,500 ships, accounting for 19.7% of the world tonnage and 49.96% of the European fleet. ● Greece attracts some 26 million foreign visitors annually, generating a value for the country that accounts for 20% of GDP. Greece’s loan agreement with international creditors created significant losses, but largely restored competitiveness, with the country having emerged as a champion of fiscal adjustment and labor market adaptation. Today, the main obstacles to economic activity faced by businesses are lack of financing, the scourge of red tape and the stifling regulatory and fiscal framework. However, the course so far has been encouraging and if structural reforms are carried through, Greece would be in a position to attract the required foreign investments. The State must be a real ally to production, removing disincentives and rigidities that are inherent in the county’s laws. Everyone has now realized that the old growth model, based on overborrowing, consumption and recycling our money, has led to a deadlock and now belongs to the past. It also understood that it is now imperative to turn to the productive economy and to internationally marketable products that have real value and can return healthy and sustainable growth and contribute to reducing unemployment.


CONTENTS Editorial: 6 Spyros A. Ktenas

12 Interventions 71 Distinguished companies 139 Diamonds

Diamonds index

363 Tourism

8 Diamonds


318 379 262 128 285 164 108 325 281 365 166 342 383 187 353 318 315 295 296 336 321 201 152 168 310 371 222 173 210 355 74 245 316 328 276 217 178 220 360 189 204 226 230 223 311 86 361 376 384 270 350 78 172 251 92 96




Diamonds 9

Diamonds index



10 Diamonds



Alternate Minister of Economy Development & Tourism

Elena Kountoura

Solid prospects for further growth in the tourism sector

“The Greek tourism market presents many opportunities and can become Apostolos Vakakis a leading sector for growth in the years to come“

Greece is entering a new era of optimism and growth following the successful deal that our Prime Mr. Minister Alexis Tsipras concluded for the country’s benefit. The government’s efforts have set the pace to restart the Greek economy and concentrate on establishing a stable environment for business activity growth, new investments and employment opportunities. In this new environment, the tourism sector holds a central position. With its strong performance in recent years, and its overall contribution to 20% of the GDP and to the employment, tourism is of high governmental priority in our national development strategy for the next years. Having applied intense actions that led to record-breaking results in our tourism’s basic figures in 2015, an increase of about 7% in international arrivals and tourism revenue which was significantly higher than the global tourism’s average growth, we are now fully implementing our national tourism policy, which focuses on continuously enriching and empowering our highly distinctive tourist product. We have made significant steps. Through this robust policy, we extended the official tourist season, and develop and promote theme tourism products and services across the country, introduced new Greek destinations, reached out to new markets such as the Middle East and China, and established new direct flights from European but also long-haul markets. We strengthened our presence in all major International Tourism Fairs and Exhibitions and in collaboration with all 13 Greek Regions as well as the private sector we promote Greece abroad to all target- markets as a unique twelvemonth destination. At the same time, we have worked on creating a new friendly environment that

12 Diamonds

will promote new business activity in the tourism sector, geared towards high quality products and services. The new development law our government introduced, offers stability and strong opportunities for new investments for integrated tourism resorts, new hotels of 3 stars and above, large-scale projects for hotel expansion and modernization, and the reopening of hotels in high categories that had previously seized their operation, as well as new theme infrastructure. Also, through the National Strategic Reference Framework for the period 2014-2020 the current program with an increased total budget of 90 million euro subsidizes SME’s in the tourism sector to upgrade their infrastructure and services, while another program will soon be launched to boost the creation of new tourism businesses. Greece is now a very competitive European destination, and a very attractive field for tourism investment. The Greek tourism market presents many opportunities and can become a leading sector for growth in the years to come. I wholeheartedly congratulate the significant effort the private sector has made in all previous years and at the most difficult times to maintain strong performance and offer high quality products and services, as this edition highlights. Through our policy, we are working together to face common challenges and create solid prospects for further development. The Greek tourism business will have a significant role in our targeted national effort to create new and additional sources of income for our local and national economy.


Diamonds 13


MP and Vice-President of the New Democracy party

Kostis Hatzidakis

Towards a business-friendly Greek economy

“Our main focus must be placed on improving the business climate and Apostolos Vakakis attracting private Turnover 454.276.468 investment” PROFIT BEFORE TAXES 96.956.097

14 Diamonds

It should go without saying that, if we are serious about helping Greece return to a path of growth and job creation, our main focus must be placed on improving the business climate and attracting private investment. In order to achieve this, one fundamental condition needs to be met: Our country must regain its credibility after a year and a half of unprecedented uncertainty which caused the economy to slide back into recession after having returned to positive growth rates in 2014. While the aforementioned prerequisite is arguably the most fundamental, it is not the only one. First of all, it is imperative that the economy’s liquidity levels are restored. This has to do primarily with the return of financial market confidence which will allow the banking sector to function smoothly after having gone through a challenging period. Additional tools for funding businesses are also needed, such as the Institution for Growth in Greece which was established in 2014. A stable tax system is another important requirement, so that investors are not faced with the uncertainty of having the rules of

the game suddenly changed. Furthermore, promoting a more businessfriendly environment is critical. This requires simplifying bureaucratic processes related to starting and running a business. The previous government had taken important steps towards this direction, as demonstrated by the country’s steep rise in the ‘Doing Business’ rankings. The goal should be to build upon this progress without further delays. Finally, initiatives that attract and leverage private investment must be pursued, such as public–private partnerships. This allows for the implementation of large-scale projects that upgrade the country’s infrastructure and consequently enhance its competitiveness by making effective use of private sector funds and know-how. It is a commonly acknowledged fact that Greece has a broad range of competitive advantages that hold the potential to contribute towards increased productivity and economic expansion. Policy-makers need to prioritize the necessary interventions that will help unlock this potential and propel the Greek economy into an era of strong, sustainable growth.


President of The Panhellenic Exporters Association

Mrs. Christina Sakellaridis Long night’s journey into light

In Eugene O’ Neill’s magnum opus titled “Long day’s journey into the night” the readers follow a drama in four acts. In Greece’s case people across the globe watched a dramatic recession unfold as long economic night for the past 8 years. It strikes me as a poetic license that on the same day, just a year ago (June 29th of 2015) capital controls were imposed on the Greek economy, enterprises and citizens. And tonight we are celebrating the Greek Diamonds of the economy.

“Now is the ultimate chance for Greece to shine, like Apostolos Vakakis a diamond” Turnover 454.276.468


16 Diamonds

After all, like in any tragedy, especially of Greek origin, at the end there is always the light of catharsis. And what shines brighter than diamonds. Someone said that “diamond is just a piece of charcoal that handled stress exceptionally well”. That is exactly the case of today’s event. To bring out those characteristics of Greek entrepreneurship that overcome difficulties, barriers and adversity, will shining across the globe. In 2015, despite the recession, in spite of the capital controls, under the heavy cloak of uncertainty, Greek exports (excluding fuels) hit an historic record of 17,9 billion euros after an increase of about 8%. In total, Greek exports of goods stayed just under 26 billion euros, restraining recession, sav-

ing thousands of jobs and most of all keeping the torch burning, while signalling the way out of the crisis. International organizations, such as the EU Commission and the OECD, expect a further increase in 2016 and a real boost in 2017. What Greek entrepreneurs expect are stability and security in order to fulfil their full capacities. We, the Panhellenic Exporters Association, strongly believe that now is the ultimate chance for Greece to shine, like a diamond. And we can do so, by developing a lasting T.I.E. with our future, meaning the we move forward in 3 key Axes: Trust, Investments, Exports (T.I.E). These past 8 years, were extremely hard for most of Greeks and especially Greek SMEs. While celebrating the Greek Diamonds, I ask you to also consider those that didn’t cope with the crisis. The thousands of companies that went out of business, the 1,5 million unemployed. We have a duty towards them to lead the way in a better future, to create wealth all along again. Like the English dramatist John Webster once said: “Whether we fall by ambition, blood, or lust, like diamonds we are cut with our own dust”.


President of Export Credit Insurance Organization

Panagiotis Frountzis Aiding Greek Exports and supporting Greek Economy

“We cover up to 95% of the possible Apostolos Vakakis loss” Turnover 454.276.468


18 Diamonds

In an era of globalization and globalized markets, Greece is a country that should be envied mainly for its long history and its strategic location in southeastern Europe. Forming crossroads between Europe, Asia, and Africa could be extremely beneficial for Greece’s economic environment. Nevertheless, the recent financial crisis has led Greece to be susceptible and vulnerable to external threats. The global depression has led to weaknesses in almost all enterprises, which are not able to deal with their financial obligations and which, consequently, are affecting the broad financial situation of Greek exporting companies. Greek exporters seek to respond to the current world trade competition, but the consequences of the sovereign debt of our country causes them distress and financial suffering. The freefall of profit margins should be therefore immediately dealt with. It is clear that during an economic downturn, every economic entity has to deal with new situations that may possibly be created. It is undisputable that aiding and supporting our country’s exporters has an emphatic role in such difficult financial periods, as it could further contribute to the development of our country’s economy. At this point, I would like to attribute importance to the Export Credit Insurance Organization (ECIO). The Organization was launched back in 1988 and is a non-profit private entity, monitored by the Ministry of Economy, Infrastructure, Shipping and Tourism. The main target of ECIO is to have a supportive and consulting role, so that Greek exporters feel confident about fast, efficient and profitable insurance policies with regard to

export credit. To secure exports, we are supporting Greek exporters in every achievable way. The main role of ECIO is to protect the Greek exporter from his customer’s possible insolvency. Therefore, we cover up to 95% of the possible loss. What is more, ECIO could help exporting entities to handling their liquidity problems. Every exporter can take advantage of the insurance contract, by using it as a collateral to our associated banks. This way of financing offers 80% coverage of insured invoices, and by ensuring deposits of equivalent amounts at all banks, we offer a solution to the liquidity discrepancies of the banking sector in our country. It has to be clarified that ECIO treats equally small, medium and large enterprises, serving as a protection shield against commercial and political dangers, for all exporters. Commercial risks that we deal with are among others insolvency (bankruptcy), protracted default of the payment, withdrawal or refusal by a buyer. Furthermore, political risks that we deal with are breach of contract, moratorium, transfer risks and invalidation of import and export licenses. ECIO highly supports SME’s (Small and Medium Enterprises), as it offers insurance programs for short-term export credits. This option gives an exporter the ability to secure a specific shipment (one unique shipment). Consequently, that offers the ability and support to all Greek producers to turn to the global markets. By providing Greek exporters with insurance and credit, we are making huge steps towards Greece’s financial growth through export orientation.


President of the Federation of Industries of Northern Greece

Athanasios Savvakis “Development with internationally marketable products”

“ It is a pressing need for government policy to place priority on leveraging the manufacturing sector of the Apostolos Vakakis economy as Turnover 454.276.468 well as on the PROFITproductive BEFORE TAXES 96.956.097 reconstruction of Greece“

20 Diamonds

The vicious circle of crisis is mainly the result of the de-industrialization, which is reflected on the falling contribution of the manufacturing sector GNP figures in Greece as a whole and in Northern Greece in particular over the last thirty years. This de-industrialisation stems from the distorted production model adopted by our country, a supposed developmental model, which has never been based on any specific industrial policy, but little more than piecemeal measures. For Greece, due it’s characteristics, the existence of a strong manufacturing sector is a sine qua non for balanced growth, social cohesion and exit from the crisis. What measures has the Greek State planned in order to implement the new European policy on increasing the role of manufacturing? A rhetoric question. However, it should not inhibit us from setting the goal of increasing Greek industry’s contribution from today’s 9% to 12% by 2020. To achieve that, we need a national industrial policy which will play a crucial part in Greek companies’ adapting to the new realities of international competition. This new realistic industrial policy which must 1. encourage the necessary adjustments to be immediately adopted by domestic companies, thus making them more internationally-focussed and competitive, and 2. improve the general economic climate

in which these companies operate. Necessary adjustments, more emphasis on internationalization, with the production of ‘internationally marketable products’, improvement in the general economic climate... For the Federation of Industries of Northern Greece, it is a pressing need for government policy to place priority on leveraging the manufacturing sector of the economy as well as on the productive reconstruction of Greece. How is this going to happen? The increase in taxes that await Greece as part of the agreement with our creditors, including the tax increase for healthy and law-abiding businesses, the increase in the tax advance and the imposing of additional tax on their profits, together with the increase in employers’ contributions, constitutes unprecedented recessional aggression towards private ventures, which will inevitably lead to the closing of many more companies in Greece. Rather than cutting back on the wasteful, counter-productive and extremely bureaucratic state, the Government is actually sustains an unefficient public sector. And it is for this reason that it has imposed tough tax measures on law-abiding citizens and businesses, when emphasis should be placed on measures to stop tax evasion and tax avoidance, which daily erode competitive and healthy companies.


President of the Federation of Attica and Piraeus Industries (SVAP)

Dimitris Mathios

Businesses cannot afford another lack of illiquidity with the “antidote” of a fictitious surplus

“Can the economy withstand to go through another year like 2015 again? Apostolos Vakakis Certainly not “ Turnover 454.276.468


22 Diamonds

Are we going forward or backward with regard to the economy? The question has already been raised. And it was indeed a justified one some time ago when ambiguities and gaps in the negotiation cycle [with international creditors], the assessment and the new loan agreement still prevailed. Sadly, these gaps are still visible. These are especially tough conditions in a business environment that is constantly tested from 2009 onwards. Can the economy withstand to go through another year like 2015 again? Certainly not. Just the idea that 2015 conditions may return, is terrifying, since if it happened everything would collapse. The recession will become a tsunami that will sweep everything: from production to the banking system’s last drop of strength. It is there that everything will end, as businesses cannot afford another lack of illiquidity with the “antidote” of a fictitious surplus. The surplus, bare as it is, and with a mount of the state’s arrears to the private sector, can overturn any amount of optimism. But the “tsunami” will not only eliminate the market and businesses with the recessionary waves that will follow. It would also shake the foundations of all the pillars of the economy, and first of all of the banking system. Banks, instead of being the sole financing tool for growth, will be converted into handicapped organizations requiring colossal donations from the capital market. A chain reaction by fiscal conditions would

result to unpredictable consequences for the obligations of the state. In such circumstances, arrears will massively grow and the State will be in a state of emergency. This an extremely pessimistic scenario, but is also the only visible one. The outcome of Greece’s negotiation with international creditors, without causing any optimism, is still interpreted from two-sided perspective: the perspective of the creditors and the perspective of the government, combined with the positions and red lines it puts forward. Let us not forget that the assessment (generally as a responsibility) has a long way to go, while the country’s commitment on measures valued at 3.6 billion euros, even for 2018, in conjunction with a budget gap of 5.4 billion euros, does not anticipate any circumstances to allow for growth, insofar as the surplus is based on state debts of 7.0 billion euros to businesses. From the perspective of the government, even though the element of optimism is dominant, at the same time some troubling questions are raised. These questions relate to both the final contribution an agreement would have to growth and to reversing the current recessionary climate. And this is clearly due to the intense political implications that the government attributed to the negotiation. It is up to us turn things around. Can we realize that?

Connecting enery corner of Greece through energy

20, Perraivou & 5, Kallirrois str., 117 43 Athens E-mail:

Call Center Customer Information



President of Greek International Business Association

Dr Kyriakos Loufakis “Greece needs to find its place and strengthen its position in the Global Value Chains (GVCs)”

Strengthening openness to international trade and domestic competitiveness has never been more important. Because exporting products means exposure to greater competition, this is where the competitiveness agenda kicks in. This is especially relevant for smaller countries, with fewer than 10 mil. people, since rarely has any nation reached high-income status, if exports accounted for less than 50% of its GDP.

“It is crucial for Greece to find its place and strengthen its position Apostolos Vakakis in the global Turnover 454.276.468 value chain“ PROFIT BEFORE TAXES 96.956.097

24 Diamonds

The global landscape continues to evolve. The production of parts and components, which once took place in a single production unit, today is dispersed worldwide. The growth of Global Value Chains (GVCs) has made economies to become more interconnected, increasingly specialized in the specific activities where they are skilled and enjoy competitive advantages. More companies from developing countries are today joining the game, making up close to 40% of international trade turnover.

When integrating through GVCs, one country develops access to networks, global markets, capital knowledge and technology, which are crucial for economic development. Moreover, small and medium-sized enterprises play a significant role to niche areas of GVCs and can contribute directly to larger firms’ exports. It is crucial for Greece to find its place and strengthen its position in the global value chain, reaping the benefits of its knowledge assets – its highly skilled and educated workforce (scientists and engineers) and its geographical position, as a business hub connecting East and West. Moreover, this is a great opportunity for the Greek SMEs, the backbone of our economy, to enforce contracts with Multinational companies and independent suppliers, gaining in openness, enhanced growth, innovation and job creation.


President SEVT

Evangelos Kalousis

“The Food and Beverages Industry is committed to… growth”

In a turbulent political and socioeconomic environment, the Greek Food and Drinks Industry resists and continues being a dynamic, competitive and extrovert sector. Today, our Industry is ranked first in the transformation Industry representing 25% of the industrial production in terms of value, employing 30,8% of the total work force in the processing field, whilst it has a strong investing and commercial activity in Greece, Europe and the U.S.A.

“Innovation, quality and consistency are the key Apostolos Vakakis elements Turnover to success“ 454.276.468

The role of the Greek Food & Drinks Industry is to offer consumers branded products of high quality, safe and innovative, at the best possible price. At the same time, SEVT supports and promotes the sector’s extroversion aiming to highlight the quality and the uniqueness of the Greek branded products. Today, more than ever and despite all adversities, combined with a renewed and qualitative agricultural production, the specialized know-how and the reasonable cost in Greece, the Food and Beverages Industry makes even bigger steps in regards to innovation, producing exceptionally competitive products, mainly in the fast growing categories like Olive Oil, Fruits & Vegetables, Diary products, Traditional Spirits, honey e.t.c Therefore extroversion has come to be a


26 Diamonds

crucial & successful factor for the growth of the Greek industry with the exports of the sector reaching 3,5 billion euros and representing 22% of the total Greek exports (excluding petroleum products). These exports have been steadily increasing year after year, even during the crisis, showcasing the dynamic of our sector. We believe that innovation, quality and consistency are the key elements to success along with driving new directions in foods that will support Greek agricultural production and Greek nutrition as a competitive advantage even in the foreign markets. Therefore, it is essential to be competitive and promote the extroverted and productive image of Greece. We, in the Greek Food Industry, have a common goal, to find the way out of the crisis and back to growth. This requires the implementation of a new development model, based on the improvement of competitiveness, the reinforcement of extroversion, the promotion of research & innovation and the attraction of new investments. A serious industrial policy for the food industry will be the starting point. We are confident that we will overcome obstacles and return back to growth. Through hard work, commitment and passion, we will continue to satisfy our consumers offering safe products of top quality both in Greece and abroad.


Executive Vice-President & Deputy C.E.O.

Dimitris Giannakopoulos

It is time to abolish the rebate and the clawback

“We hope that the Ministry of Health will honour its commitment, that upon the disbursement Apostolos Vakakis of funds, Turnover 454.276.468 the debts owed PROFIT BEFORE TAXES to suppliers 96.956.097 will be paid”

28 Diamonds

The completion of the review completes another chapter in the policies mandated by the bailout agreement, while the economic environment remains suffocated and much needed economic growth is once more delayed. The pharmaceutical industry seriously doubts the government’s ‘optimism’ that there will be positive developments in the matter of the debt and that the investment law and the country’s new production model will lead to economic growth. This is because throughout the protracted crisis in the country, our industry has been the scapegoat for mismanagement in the health sector, and has been asked to shoulder burdens out of all proportion to what it should. However, at the same time it was implementing anti-growth policies, which have significantly hurt the viability of the Greek pharmaceutical industry, the government claimed that the industry was one of the pillars of growth. ‘Emergency measures’, such as the rebate and clawback, were made permanent, while pharmaceutical expenditure sank to unprecedented levels, without any kind of rationalisation of other expenditures, which have a more significant impact. In addition, the hospital clawback was implemented this year; yet another unsustainable and unfair measure, since companies with no influence over the level of hospitals’ pharmaceutical expenditure are called on to finance the excesses, regardless of the amount. Since the government ‘foresees’ an improvement in finances and the economic climate, it is time to review, first of all, the rebate and clawback measures. We should aim to have them abolished as soon as possible, since they are the main causes of the

economic strangulation of pharmaceutical companies, especially those that are Greek. It is characteristic that one out of every four drugs provided by pharmaceutical companies to the healthcare system is free, according to the data of the Hellenic Association of Pharmaceutical Companies (SFEE). The pharmaceutical coverage of uninsured citizens and refugees also remains a crucial matter. The government was right to simplify medical coverage of these vulnerable social groups, since unhindered access to healthcare is a fundamental right. However, they have not earmarked any special funds, nor did they increase public pharmaceutical spending, which remains capped at the ‘red line’ of 1.945 billion euro. At the same time, the migrant/refugee crisis has increased demand to unforeseen levels, especially for basic drugs and vaccines, further complicating the situation. As regards vaccines, we, the pharmaceutical companies, are not going to stop asking the obvious, namely that vaccines are exempted from pharmaceutical spending. The vaccines appropriation must be independent, as with all countries in the world, based on the national vaccination programme. We remind you that vaccinations are prevention rather than treatment. Thus, they must be included in the social welfare policies of every country. Finally, we must raise the issue of overdue debts, which, for the year 2015, amount to 1.2 billion euro. In combination with the lack of liquidity and the capital controls, the suffocation of the market has reached explosive proportions. We hope that the Ministry of Health will honour its commitment, that upon the disbursement of funds, the debts owed to suppliers will be paid.


President of American – Hellenic Chamber of Commerce

Simos Anastasopoulos The Diamonds pave the path to Growth

As we have reached an agreement with our lenders to extend the bailout package and to proceed with a package of debt measures to make Greece’s debts sustainable in the future, a window of opportunity appears for the prospects of our economy. The window however is narrow and the major issue about growth prospects remains unanswered.

“Foreign direct investment is the major issue and the only way out in the effort to return our economy to growth”

30 Diamonds

The measures that our government has to implement after a very long period of inactivity and prolonged negotiations are very heavy for business and society and are certain to exacerbate the challenges of an economy that has returned to recession since the third quarter of 2015. The expected debt relief by itself will not produce growth. Along with the positive review of the program it will restore some confidence in the markets and allow the ECB to ease the credit terms of the Greek banks, but this is not enough to persuade the international community to invest in Greece. Foreign direct investment is the major issue and the only way out in the effort to return our economy to growth and structural reforms is the only way for Greece to regain its credibility and competitiveness and persuade foreign capital that our country is a business friendly and welcoming investment destination.

If we proceed now with the necessary structural reforms we might be able to counterbalance the recessive effects of the fiscal measures and reverse the course of the economy and return to growth in the last quarter of 2016. I could not stress more the urgency and necessity to implement the reforms that will restore the competitiveness of our economy as the only means to attract foreign investment and to create positive prospects for the course of our country. The private sector can contribute significantly in the effort to create wealth for the country and society and restore confidence in the country’s economic prospects by projecting the endurance and credibility of the companies that remain competitive and profitable. By promoting these companies we maintain the international interest and provide the leading examples of success and corporate social responsibility to our youth and prospective entrepreneurs. For these reasons congratulations are due to the Diamonds of the Greek Economy for their continuing effort and support in advertising the best Business examples in Greece today and at the same time encouraging the efforts of local entrepreneurship.


ΓιατηνκαταπολέμησητουΔάγκειουπυρετού, της Yπερχοληστερολαιμίας, του Διαβήτη και της Ατοπικής Δερματίτιδας, οι ερευνητές μας βοηθούν να μετατραπούν οι ανακαλύψεις σε θεραπευτικές λύσεις ακόμα πιο γρήγορα. Με σημαντικές θεραπείες να αναμένονται να είναι προσβάσιμες στους ασθενείς μέχρι το 2018, η Sanofi δίνει ελπίδα σε εκατομμύρια ασθενείς και φορείς υγείας.




Chairman of the Greek-German Chamber of Commerce and Industry

Michael Maillis

“Yes” to economic development incentives, “No” to recession measures

”Chamber stands out for the mediation for more than 2.500 Apostolos Vakakis Greek companies” Turnover 454.276.468


32 Diamonds

For seven years now, Greece has been living the ugly face of recession and has “caught a breath” with regard to development only for a short time during 2014. In the last two years, economy went through the dire straits of two elections and one referendum, faced the risk of a Grexit and was tested by the banking holiday. Today the country has even been put under pressure by capital controls and defaulting loans. At the same time economy is being once more experiencing a heavy anti-growth “blow” with the adoption of the new taxation bill, the reform of insurance system and the raise of indirect taxes, which is the utmost unfair measure for the whole society. The business world is struggling, facing more delays with payments, exports loosing their dynamic, consumption sinking from month to month and outlook indicators recording negative numbers. The only “oasis” for the survival of the business community on the “hot field” of economy are the new NSRF, which is though unlocking its fields slowly, the new development law, which is pending to be adopted by the parliament, the first “suspicion” of lending by the banks and the funding programmes of the European Bank for Reconstruction and Development, Juncker’s investment package, European Investment Bank, European Strategic Investment Fund and the Investment and Development Bank (DEG), a subsidiary of the German KfW. The market needs all disincentives to be removed. It needs a stable and investmentfriendly environment as well as incentives that will bring new foreign investments and will mobilise capitals in the country. The Greek entrepreneur wants to invest but stays out of the investment field also due to the negative market psychology. As psychology is maybe

the most decisive driving force for any investment and risk-taking, the more the psychology remains devastated through the enforcement of new measures in form of memoranda the more it will act as a constraint on entrepreneurship. The Greek-German Chamber of Commerce and Industry has in spite of the negative economic environment all these years, never lost its strength and willingness to support the Greek entrepreneur in his efforts to sustain his presence on the market and the bolder ones to develop by seeking opportunities in a gloomy environment. The Chamber supports extrovert actions by creating channels of communication and development routes to the German market, the biggest European economy and one of the most powerful commercial partners of Greece. Among other initiatives, the Greek-German Chamber stands out for the mediation for more than 2.500 Greek companies willing to participate in big international trade fairs in Germany, the organisation of Β2Β meetings between German and Greek companies, the provision of know-how in various sectors such as tourism, self-government, farming and food as well as for establishing the institution of dual education. Furthermore, the Chamber in cooperation with 130 bilateral German Chambers operating in 90 countries worldwide, ensures opportunities for extrovert entrepreneurs looking “ahead” and has organised a particularly flexible mechanism for extrajudicial remedy of commercial disputes, is active in different sectors through the organisation of special working groups and finally firmly insists on well coordinated actions to support entrepreneurship in the fields of innovation and food.

Στηρίζει & Φροντίζει!

ExclusivE rEprEsEntation of EuropEan brands

For more information please visit our website


President of the Hellenic Chinese Chamber, Entrepreneur, President of VITEX S.A.

Constantine Yannidis

Greece has to become more ‘Chinese friendly’

China’s massive project “One Belt, One Road” has enormous positive implications for Greece, and Apostolos Vakakis Europe. Turnover 454.276.468


34 Diamonds

Today China is busy restoring the Silk Road to its former prestige. The One Belt One Road (OBOR) project entails more than $140 billion in investment, which aims to connect more than 20 countries through the construction of new maritime and land infrastructure corridors between China and Europe. A recent Carnegie -Tsinghua study asks whether this ancient cultural bridge might now be able to positively impact the eurozone, stimulating a Greek economic recovery. Despite the collapse of international investment, China has continued to demonstrate that it has not given up on Greece. Indeed, Greece represents for China something that has been defined by the New York Times and the Wall Street Journal as one of its most successful foreign trade initiatives. Since China’s economic reform starting in 1978, each Chinese leader has followed the tradition of promoting his own signature governing slogan. Deng Xiaoping is remembered for the concept of “Socialism with Chinese Characteristics,” President Jian Zeming is known for his nebulous governing “Theory of the Three Represents,” and President Hu Jintao for his ambition to achieve a “Harmonious Society.” Following their footsteps, President Xi Jinping is extensively promoting his own signature slogan: the “Chinese Dream.” China’s “One Belt, One Road” (OBOR), which was first proposed in September 2013, and combines the twin initiatives of the Silk Road Economic Belt and 21st Century Maritime Silk Road, is a grand concept that envisages China girdling the globe. Essentially, it is a plan for a China-built land and sea transportation artery to link production centres in China with markets and natural resource centres around the world. At the same time it will harness China’s massive, but hitherto idle, economic, manpower and technological reserves and get much-

needed returns on investment. The initiative blends geopolitical and diplomatic objectives and has a strong domestic agenda. The latter was highlighted when an official of China’s Ministry of Commerce told Caijing magazine in May 2014 that the “new 30 years” will put today’s China on the threshold of a third era comparable to those begun by Mao Zedong and Deng Xiaoping. The approximately $1.4 trillion project potentially covers 55% of the world GNP, 70% of the global population, and 75% of the earth’s known energy reserves. China also claims to be willing to make a huge financial commitment in infrastructure financing and, though some multilateral and bilateral pledges may overlap, it is still estimated to exceed $300 billion. The initiative has the potential to bend borders and alter geostrategic dynamics and the status quo in China’s extended neighborhood. Its completion is planned to coincide with the 100th anniversary of the People’s Republic of China in 2049. Sino-Greek relations initially caught the attention of the EU because of China’s desire to pursue an expanded investment policy and to play a role during the Greek economic crisis. The fact is that China is now a major player for Greece. But Greece has to become more ‘Chinese friendly’ not only in terms of welcoming Chinese investments, but rather in terms of having one policy agreed, less bureaucracy, better control of the public sector, less communication confusion, etc. I salute the visit of the Greek Prime Minister in China! I was invited and have accompanied three Greek Prime Ministers: Mr Simitis, Mr Karamanlis and Mr Samaras, and now Mr Tsipras. I hope the Chinese Dream comes true in Greece! As the Chinese say, “I hope to have more time to write you less!”


President of the Hellenic – French Chamber of Commerce and Industry

Christophe Lemarie

France and Greece: a strong alliance

”Greece is a country of opportunities, with strong Apostolos Vakakis potential for Turnover development” 454.276.468 PROFIT BEFORE TAXES 96.956.097

36 Diamonds

The French Hellenic Chamber of Industry and Commerce is proud to be partner again with Diamonds of the Greek Economy 2016. France is a strong and ancient friend of Greece, and nothing exemplifies it better than our organisation, which was created in 1885, making it the first bilateral chamber in this country. Economic relations have always played a key role in our friendship, and companies are key players, contributing every day, at their level, to reinforce and enrich this partnership. Throughout the last difficult years, this has been especially true. Business relations have remained strong, and even been reinforced, in industries such as health, infrastructures, tourism, services, and others. There are 120 French companies in Greece, employing 14,000 people. These companies still believe that Greece is a country of opportunities, with strong potential for development. It is a belief that was strongly emphasized by none other than the President of France, Mr. Hollande, when he came to visit in October 2015, and signed with the Greek Prime Minister a “Partnership for the Strategic Development of Greece”. As a Chamber, the mission of which is to look for these opportunities and help companies seize them, we are well aware of the importance of a vibrant business environment for the well-being of Greece. This is why events such as Diamonds of the Greek Economy matter so much. We know, from

direct experience, that there are untapped reserves of energy, passion and entrepreneurship in Greece. French companies can attest to that, either through their presence locally, or the successful relations they have built with local partners. Diamonds of the Greek Economy acknowledges these strengths, and shows to the world that there is so much more to Greece than crisis, memorandums, and neverending negotiations. This is a valuable, and indispensable service they render. But as well, Diamonds of the Greek Economy allows the Greek business world to expose the challenges it faces to key policymakers. At a time when difficult economic decisions are being made, this is crucial. Once again, we see that to confront the difficult issues of public finances balancing, and of reforming the economy, the road that has been privileged is that of more taxation now, and structural reforms later. This will weigh on consumption, weaken the economy and affect negatively businesses. It is my sincere hope that the discussions during this event will allow fruitful exchanges, that will encourage structural reforms to make Greece a more dynamic and productive economy, with a fiscal, legal and institutional environment welcoming to businesses, small and big, Greek and foreign. Congratulations to the organizers of Diamonds of the Greek Economy for making this dialogue possible!


President of the Hellenic – Russian Chamber of Commerce

Christos Dimas

“Hellenic – Russian Chamber of Commerce – your trusted professional partner”

The Hellenic – Russian Chamber of Commerce having already completed 20 years of its major contribution to the enhancement of economic and trade relations between Greece and Russia, continues its constructive work by setting new goals of mutually beneficial cooperation between the two brotherly countries.

”As the ongoing 2016 cross year between Russia and Greece provides Apostolos Vakakis an excellent Turnover 454.276.468 opportunity deepen” PROFITto BEFORE TAXES 96.956.097

38 Diamonds

To fulfill the objectives and to conduct its activities successfully, the Chamber keeps close contacts and is in close cooperation with all the state institutions and public services of the two countries, having developed powerful network cooperation with reliable regional Chambers and Business Associations both in Greece and Russia. Having established its representative offices in Thessaloniki, Moscow, St. Petersburg and Cyprus, the Chamber achieved to become a trusted, highly professional, partner with global vision in fast evolving Russian and Greek markets

in several fields, such as: Food & Beverage Import / Export, Tourism & Alternative Tourism, Construction Industry, Pharmaceutical Industry, Real Estate etc. The HRCC numbers around 300 members, amongst which are different enterprises, institutions, business organizations and individuals both from Russia and Greece, active in all sectors of the economy and offers a wide range of tailor made services. As the ongoing 2016 cross year between Russia and Greece provides an excellent opportunity to deepen relations between the two countries in various fields, it is an ethical responsibility of the Chamber to strengthen the Greek presence in Russia both in institutional and practical level. In order to build a strong bridge of cooperation the Hellenic- Russian Chamber of Commerce invites all businesses to become a member of the large HRCC family.


President of Hellenic Union of Industrial Consumers of Energy

Constantine Couclelis

Competitive energy costs stimulate exports and induce growth

”Greece must take all appropriate measures that will enable her to participate Apostolos Vakakis actively in the Turnover new energy 454.276.468 direction PROFIT BEFORE TAXES 96.956.097 for Europe”

40 Diamonds

The Greek Economy is characterized by very high energy costs. The cost of energy, both electricity and gas, for the Greek industry is significantly higher than the European average, fact which is consistently recognized by the Greek authorities and the European Commission. Greece must take all appropriate measures that will enable her to participate actively in the new energy direction for Europe which is to create a true single energy market, while promoting both environmental objectives and aid targets, specific and tangible measures for industry, in particular for the energy intensive. We fully support the liberalization of the natural gas and electricity markets in Greece. The implementation of transitional measures towards this objective should not however introduce new distortions, but rather eliminate existing. Any measures adopted should take into account their impact on the real economy and the energy intensive users in particular. Electricity Market: The liberalization and restructuring of the Greek electricity market towards the EU Target Model should include simultaneous implementation (within a specific time framework) of the following measures: Bilateral contracts with suppliers that can take into account the specific characteristics of the customer and his consumption profile A quota of the cross-border capacity to be allocated to industry for direct imports, outside the mandatory pool Creation of forward, intraday and balancing markets Abolition of the mandatory pool market Increase of Greece’s international interconnections, especially with Italy. Access to Central Europe’s developed markets is a guarantee for a smooth operation of the Greek market. A Flexibility market-based Remuneration Mechanism should be implemented for a predefined very limited timeframe, upon an impact assessment plan, that should not

result in guaranteed returns for electricity generators, thus representing another source that distorts competition. Natural Gas Market: We expect that liberalization will bring more suppliers and liquidity in the market, and as a result, lower prices for the benefit of the end consumer in the long run. Today however gas prices for industry are among the highest in EU. To enhance competition to the benefit of the consumers: The 5,4 €/MWh excise duty (the highest in the EU) must be significantly reduced and a relief for energy intensive industries introduced, Gas quantities auctioned in DEPA’s gas release scheme should be doubled to increase liquidity, The 4€/MWh provisional distribution tariff introduced in August 2015 without any impact assessment should be abolished and new cost effective tariffs implemented that take into account real costs and the customer’s consumption profile. These measures are urgently needed not only to guarantee compliance with the EU target model but, most importantly, to provide the necessary environment and market signals across the economy. A competitive and open energy market is a pre-requisite to stimulate growth in dynamic and exportoriented industries and manufacturing sectors. Members of UNICEN: AIR LIQUIDE HELLAS, ALOUMAN, AKRITAS, CORINTH PIPEWORKS SA, ELVAL SA, ENERGEAN SA, HALCOR SA, HALYPS BUILDING MATERIALS SA, HALYVOURGIKI SA, HELLENIC HALYVOURGIA SA, HELLENIC FERTILIZERS ELFE SA, FIBRAN, FTHIOTIS PAPER, HELLENIC STEEL SA, HERACLES CEMENT SA, KEBE CERAMICS SA, KOMOTINI PAPER MILL, MACEDONIAN PAPER COMPANY MEL SA, MEGA DISPOSABLES, PAKO SA, SELECTED TEXTILES SA, SIDENOR SA, SOVEL SA, TITAN CEMENT SA, TOSOH HELLAS, YIOULA GLASSWORKS SA


Chief Executive Officer of Uni-Pharma SA

Julia Tseti

OFET, Powerful thinking, Dynamic acting! The fate of Pharmaceuticals is linked to the other industrial sectors in our country. Tons of ink has been spilled for regulatory frameworks, strategic planning, investments, and further development measures that will lead hopefully to influx of funds. Every one of us in OFET (Tsetis Group of Pharmaceutical Companies) for more than 52 years we follow the strategy of hard work with honesty and ethics in order: ➤ t o be the first choice of both the doctors and the pharmacists with innovative and value adding products, ➤ to be present daily in the homes of thousands of families and contribute enormously to their health and wellbeing, ➤ t o be able to stand proud and humane towards our employees by at the same time empowering, rewarding and facilitating their efforts,

Apostolos Vakakis

Turnover 454.276.468


42 Diamonds

➤ t o be able to reinforce our human capital and recruit talented scientists offering them the opportunity to excel within their own country, ➤ t o be able to contribute to the eco-

nomic development of Greece through transparent management practices, consistency and discipline to rules and legislation, ➤ to be able to remain linked with the most successful examples of entrepreneurial history and future of Greece. All of us in OFET we concentrate our efforts in new markets that have the conditions to welcome the majority of our products so as to remain always at the Top and to balance the losses of the turnover due to the continuous and extreme changes in the national economic climate. In OFET, we resist to the pessimistic era we live in and ➤ we pursue Excellence and we are highly recognized for this internationally ➤ we want Excellence not only as an antidote but as an elixir against pessimism and depression of our society. We dynamically continue our journey by opposing to any «Kassandra» predictions and dooms for total economic disaster of this country.



Gabriel Chaleplis

“We all have to accept our responsibility for the future”

Europe has the world’s most competitive and innovative online gambling sector, with 47% global market share. There are 28 national internet markets for online betting and gaming in Europe, causing significant gaps in consumer protection, driving away players to unregulated websites outside the EU and this costs Europe € 5.6 billion per annum (European Parliament Study, 2014).

“Gaming forward” in the innumerable ways people understand, Apostolos Vakakis use and enjoy Turnover 454.276.468 technology PROFIT BEFORE TAXES 96.956.097

44 Diamonds

Individual countries are beginning to realize what has been our conviction all along: one may not address the internet era, with solutions from the non-internet era; technology, through internet platforms, is the only enabler for online protection and compliance. As far as B2B GAMING SERVICES is concerned, we are growing from providing market “oxygen” to global and local online betting and gaming “business to consumer” operators, enabling them to pursue their business, accommodating the different regulation, legislation and taxation frameworks in Europe and the world. In Greece, B2B GAMING SERVICES is the Company which continues to grow, in the midst of capital controls and other major turbulence factors for national and multinational companies. We believe that our case is a story of attitude, technology and innovation, the three pillars of B2B GAMING SERVICES strategy, which “earns its leadership every day” and “against all odds”. We believe that our greatest strength is persistence to

grow our business by growing our clients’ business. The story of our company is a story of determination and focus on the principle that technology is the only enabler for entertainment, compliance and social responsibility for the web. As much as this is brightly apparent in other industries, online betting and gaming is still dominated by myths and victimized with suspicion. Through our growth, we seek to share and evangelize positive change, as we all have to accept our responsibility for the future. Especially for Greece, my native country, which needs us to exceed ourselves in order to support its efforts. As far as online betting and gaming is concerned, our story, is not a story about overriding competition; it’s about working together. The future, is ALWAYS common. GABRIEL CHALEPLIS PROFILE Gabriel Chaleplis is an innovator who foresees the valid pathways for development and an architect to produce them. An international entrepreneur (UK, Germany, Spain, Italy, Cyprus, Romania, South Africa, UAE and Greece) of pioneering large scale operations in the fields of engineering, IT/TECHNOLOGY, market development, business to business solutions and more than 20 years of experience in merging mutual core capabilities for global leadership.


Diamonds 45


Managing Director of Iek AKMI

Kalliopi Rodopoulou

Best choice for comprehensive studies

”AKMI is now in Greece the best choice for Apostolos Vakakis comprehensive Turnover studies” 454.276.468 PROFIT BEFORE TAXES 96.956.097

46 Diamonds

AKMI Educational Organization in Greece since 40 years is the leader in the field of Education. It is a pioneer and innovative “symbol” for every student. AKMI has made the largest building investment and has been awarded as one of the 7 best educational organizations in Europe! It is also the only organization in this sector that has awarded for its Educational Excellence. AKMI has acquired for its students the certification from the internationally recognized British organization Pearson Assured. AMC is the higher education division of AKMI Educational Organization, founded in 1982, focuses on the intellectual and academic progress of its students. With more than 32 years experience in Greek education, AMC collaborates with distinguished educational institutions, such as the University of East London and Queen Margaret University in the UK. The Athens campus is located in a privately owned state of 8,000 square meters in a prime location in the municipality of Maroussi (a northern suburb of Athens) with easy access from the town centre. AKMI is now in Greece the best choice for comprehensive studies. It combines building excellence, high quality equipment workshops and highly qualified teaching staff. Finally AKMI operates an innovative three time-zone program so it is easy for anyone to choose the program that suits to his needs and daily life. AKMI provides effective education with international standards. In fact, our goal is to create “The businessman of 2020”, who will have all the skills to stand in the labor market. Our main concern is to support our students at all levels. Whether they live, in Athens, Thessaloniki or in another region, we provide a total support mechanism for them and their families: Teachers, Educational Consultants, e- Secretariat, Counselors, Career Opportunities Office are standing beside our students to help and guide them at their professional steps. Additionally AKMI helps all the students came from province to find a new home

nearby our premises. At the start of each new academic year, AKMI provides the “AKMI BONUS CARD”, a card which in cooperation with the European EYCA Agency, offers unique advantages in products and services exclusively to its students. The facilities and discounts of this card are not limited to the borders of Greece but are valid in 38 European countries. The specialties that are most in demand are: physiotherapist assistant, nurses, hairdressers, pharmacy assistants, chefs, aesthetics and makeup specials, computing, IT applications (multimedia / webdesign / developer / video games etc.). Our goal is not only to offer specialized high-level studies but also to find jobs for our graduates at this difficult period of crisis in Greece. Recently AKMI gained two very important awards: the certification from the internationally recognized Pearson British organization and also the award “Innovation in Education”. Our Career Opportunities Office is another innovative service. It is a special effort for all of our students. Every year we organize CAREER DAYS, where representatives of major companies from all market sectors could find graduating students for immediate hiring. According to ALCO Research Company, AKMI has the highest percentage of graduates recruited in Greek companies. Our temporary goal is to continue the upward trend in the Education Sector in Greece, to improve our institute in Crete and to continue with even greater contribution to education for young people. More specifically, AMC has taken the necessary steps to formally incorporate research into its educational endeavors. A Research Unit dedicated to cutting-edge research and innovation has thus been set up and is expected to become operational within the coming Academic Year, led by N. C. Markatos, Professor Emeritus and former Rector of the National Technical University of Athens (NTUA).


Diamonds 47


General Manager of PEI.FA.SYN Group

Mouchtis Thanasis

The Pharmaceutical market and Pharmacies

”Medicines: Another consumer product on the shelves of supermarkets, Apostolos Vakakis or a health tool in the hands of specialists?”

48 Diamonds

The first 216 drugs are already on the shelves of Greek supermarkets, and this is only the beginning of a new era. Large retailers in the western world are fighting hard to expand the assortment of merchandise they trade to the wider possible range. As a result, the elimination of neighborhood stores is already taking place and the integration of small and specialized stores in major retail chains has begun. Experts are analyzing the huge and devastating effects on public health of the irrational use of drugs sold. They are also evaluating the economic impact that derives from the misuse of drugs, on insurance institutions of the western world. Unfortunately, experts are not taken into account by the various organizations (EC, ECB, IMF, ESM) that submit their proposals to local governments. Local governments have a secondary role in decision-making and in opposing the transatlantic giants that have already initiated trade agreements, such as the ‘Transatlantic Trade and Investment Partnership’ (TTIP) or the CETA , TiSA and the TPP. The capacity of local governments and organizations to regulate is gradually decreasing whereas the capacity of transnational corporations to act with impunity is rising. The elimination of “unnecessary bureaucratic obstacles” and the prevalence of “facilitations” is leading to the deregulation of the market. Large multinational groups are aiming for greater profits and uncontrolled actions. This prospect will also affect the pharmaceutical market in Europe and of course in

Greece. The consequences will be much more noticeable in small pharmaceutical firms, health care providers and pharmacies. The Greek pharmacies have already suffered a blow to their business and this will get worse as a new category of drugs is created in order to be sold in the super markets. This new category are the “Generally Supplied Drugs“. The other major change in the pharmaceutical market in the coming period is the continuous decline in the percentage of traditional “per os“ medicines, due to the increasing use of specialized medicines for the treatment of severe diseases such as cancer, autoimmune diseases, rare diseases. The nature of these medicines and the complexity of treatments require special conditions for the transportation and use of these medicines. The goal is clear: patients should be able to have the right drug at the right dose at the right time. IMS Health foresees that in 2018, over 90% of the pharmaceutical market in Europe, will be determined by specialized drugs, and that there will be many programs that would aim to reduce the costs of primary care expenditure in order to save resources for the use of new innovative therapies. The market evolves and traditional players have to adjust on time to the new environment in order to continue having an important role. Cooperatives of pharmacists are the appropriate organizations that can help traditional pharmacies to develop and adapt to the new role a pharmacist will have to serve in the health market of the future.


Diamonds 49


President of the Hellenic Coatings Association & CEO of Vitex – Yannidis bros S.A.

Armodios Giannidis Diamonds are also rated by color.

�The main characteristic of the sector is that almost all businesses are independent family owned Apostolos Vakakis enterprises Turnover while firms of 454.276.468 multinational PROFIT BEFORE TAXES 96.956.097 subsidiaries are limited�

50 Diamonds

Color in Greek is synonym with coatings (chroma), and the Greek Coatings Industry is proud to have real economic Diamonds amongst its members that form the Hellenic Coatings Association (HCA). HCA was founded in 1960 by the founders of paints industry in Greece developing and advancing in a parallel route to the significant growth experienced by the industry. HCA is a full member of CEPE the European Federation of Manufacturers of Paints and Inks and HACI the Hellenic Association of Chemical Industries. The production of paints in a large scale basis began with the industrial revolution and was linked to the other industrial sectors. The advancement of technology and the dissemination of relevant applications created great demand for paints - varnishes for buildings, ships, machinery, furniture, etc. Therefore, the coating technologies are categorised according to their intended use in construction, marine, automotive repair, furniture, inks, industrial and more. In Greece there are companies active in many of these sectors, but the area in which they focus extensively is that of decorative paints. This is explained by the fact of intense building activity of the years prior to 2009. Today several members have expanded their activities to the production of energy saving ETICS (external thermal insulation composite systems). The paint companies place in the market certified

eco-labeled products (EU Ecolabel), being the first industrial sector in number of certified products in Greece. The main characteristic of the sector is that almost all businesses are independent family owned enterprises while firms of multinational subsidiaries are limited. During the years of economic crisis after 2009, the industry as a whole lost 40% of its business, but companies have shown remarkable resilience by taking appropriate measures to reduce costs and enhance exports. Exports now account for 10% of their business. Countries destinations of products are the Balkan countries, former East and the Middle East. Imports in building colors represent only 5% of the market. Greek companies operate more than 20 factories in the country, 5 factories abroad and have more than 25 commercial subsidiary companies in various locations in the world. The market size for coatings in Greece is estimated to be 258 Million Euros, of which 190 million are architectural paints. The major trends that drive paint companies in Greece is the booming tourism business which has significant demand for buildings refurbishing and maintenance, energy saving and sustainability. Taking into consideration that our youngest member is 20 years old and the oldest more than 80, we can wish that our Diamonds are Forever!


the original


taste experience

Diamonds 51


Corporate Communications Manager, BMW Group Hellas

Konstantinos Diamantis The future of individual mobility is already here

”For the BMW Group, intelligent energy management that reduces emissions and maximizes Apostolos Vakakis performance Turnover contributes 454.276.468 significantly to PROFIT BEFORE TAXES 96.956.097 a sustainable environment”

52 Diamonds

During the last decade, we have all observed tremendous technological changes in the automotive industry. Lightweight car manufacturing, engine downsizing to reduce CO2 emissions, digital connectivity, passenger safety and autonomous driving are all growing concerns that are reshaping the present and the future of individual mobility. Over the next ten years, the BMW Group foresees that the automotive industry will change faster than it has over the last thirty years. The rapid expansion of urbanization and the ever-increasing influence of technology on our daily activities is the reason for this transformation. This year, the BMW Group celebrates its 100th anniversary by focusing not on the past but on the future. As a pioneer of providing premium mobility services, the BMW Group will continue to grow its global success by offering to the customer “Sheer Driving Pleasure” and an emotional connection with his/her vehicle. Individual mobility will remain a fundamental human need and it will interconnect all aspects of our everyday lives. At a time when “mobility” is becoming more multifaceted with breakthrough technological innovations, the BMW Group is already transforming electronic data into digital intelligence that provides added value for customers worldwide. All our brands offer top digital connectivity services which provide the highest level of driving comfort and safety connecting the driver with the external environment. Furthermore, at some point in the not too distant future, automobiles will act as digital chauffeurs and compan-

ions making transportation a personal and unique experience. The driver’s wellbeing will become increasingly important, and rather than merely feeling they are in a machine that drives itself, they should sense that they are sitting in a vehicle that was specifically designed for them. For the BMW Group, intelligent energy management that reduces emissions and maximizes performance contributes significantly to a sustainable environment. The innovative BMW eDrive technology underlines BMW’s leading role in the premium segment when it comes to powertrain electrification. This new drive system technology is being applied in all the electrically powered vehicles from BMW i and the plugin hybrid models of BMW. The new BMW 330e, BMW 225xe and X5 xDrive 40e are already available for customers and more models will follow by the end of the year. BMW eDrive is an important element of the BMW Group EfficientDynamics strategy, as it delivers the highest standards in driving dynamics with intelligent lightweight design and optimized aerodynamics. As engineering technology and digitalization are rapidly evolving on a global scale, it is of pivotal importance for our country to be aligned with these major changes. BMW Group Hellas will continue the success of the BMW Group by offering premium products and services that will not only add value and high satisfaction levels to the customer, but will also contribute in establishing a more sustainable and cleaner environment for the future.


Diamonds 53


Public Power Corporation’s Chairman and Chief Executive Officer

Mr. Emmanuel Panagiotakis PPC’s international expansion strategy

”I would like to point out the EU policy for energy integration of the member states, based on which Apostolos Vakakis regional markets Turnover 454.276.468 are going to play PROFIT BEFORE TAXES an important 96.956.097 role”

54 Diamonds

Today, PPC is active in an increasingly competitive market, as it is being aligned with EU directives in electricity generation and supply. The monopoly status has been abolished for more than 15 years now. PPC is now a Societe Anonyme, controlled by the State, but with private investors owning close to 48,5% of the company’s share capital, of which more than 30% are foreign institutional investors. PPC’s shares are listed in the Athens Stock Exchange and in the London Stock Exchange. The international developments and more so the developments in the EU electricity sector are rapidly evolving. Environmental requirements, targets relating to climate change, Renewables technology and EU institutional interventions shape up a new environment, completely different compared to the past. I would like to point out the EU policy for energy integration of the member states, based on which regional markets are going to play an important role. Such a regional market is ours that is, the Balkan countries’ market. For the integration of this regional market, PPC is willing to meaningfully contribute by providing any support necessary to the electricity authorities and operating entities of the countries in the region. Within this framework, the development of the relations in the electricity sector between neighboring countries such as Greece and Albania are absolutely essential and certainly beneficial for both countries.

At the same time, the appropriate and timely investments in generation plants, among which hydroelectrical and RES plants, have a leading role and will contribute not only in the security of electricity supply of our countries but also will constitute an exceptional competitive advantage in the framework of the under development market in our neighboring region. PPC’s strategy in the new environment that is shaping up both in Greece and globally, targets, on the one hand, the increase of its competitiveness and the development of its ability to efficiently manage its customer base in response to intensifying competition and, on the other hand, the expansion in new markets with cooperation and joint ventures involving not only state but also private companies. We fully acknowledge that the adaptability in changes and flexibility are conditions for sustainable growth. We work intensively towards this direction. We consider Albania as a friendly country of strategic importance for the expansion of our activities. We want to develop trustworthy and long-term cooperation with state and private companies in Albania for investments mainly in building hydroelectric and RES plants, across all technologies and consequently for their operation. It goes without saying that our cooperation will be based on solid principles for mutual benefit and with full respect to the institutions and traditions of your country and of course aiming at the creation of new jobs in the sector.


Diamonds 55


Chairman & CEO of HEDNO S.A.

Nikolaos Chatziargyriou HEDNO’s primary role in the recovery of the Greek economy

”HEDNO, the Hellenic Electricity Distribution Network Operator, isApostolos a Corporation that Vakakis operates at “the Turnover 454.276.468 heart” of the energy PROFIT BEFOREand TAXES plays sector 96.956.097 a primary role in the effort of Greek economy’s recovery”

56 Diamonds

Hard and focused work by everyone next to a stable financial environment is needed, in order to revive the economy of our country. SMEs are believed to be the backbone of the Greek economy, however larger enterprises “The diamonds of the Greek economy”, play a crucial role and act as the major economic growth drivers. Economic growth is inextricably linked to the energy sector and our future is dependent upon reliable, affordable, equitable access to energy. HEDNO, the Hellenic Electricity Distribution Network Operator, is a Corporation that operates at “the heart” of the energy sector and plays a primary role in the effort of Greek economy’s recovery. HEDNO was established in May 2012, following the separation of Distribution sector from PPC S.A. Today, the Company is one of the largest Distribution Corporations in EU, according to the number of its customers (7.4 million), and the total length of its networks (236,000 km). HEDNO’s main mission is the effective operation, maintenance and development of these networks and the facilitation of the retail energy market. HEDNO is also responsible for the management of our country’s Non-Interconnected islands electricity systems and cares for their reliable, effective and safe operation. The main cornerstone of HEDNO’s strategy is the continuous improvement of electricity supply quality at the lowest possible cost. For the effective implementation of this strategy, HEDNO realizes total investments that exceed 250 million euros annually, aim-

ing at the development and modernization of the Distribution Network and the provision of services to consumers in the whole country. During the last years, HEDNO aims to evolve in to a modern Electricity Network Operator, able to face the new challenges imposed by the rapid transformation of the electricity sector in a decarbonized economy. This is achieved by carrying out strategic projects which modernize Corporation’s systems and establish the basis for the transition to the Smart Grids era, adopting the latest technologies from Information Technology and Telecommunications sectors. The advantages of Smart Grids for the operational efficiency of the System are almost too numerous to list, but it is necessary to emphasize the great economic benefits for the customer and their significant contribution to environmental protection. Using Smart Grids technologies, HEDNO can provide electricity to consumers with higher reliability at a lower cost, exploiting the potential of RES (Renewable Energy Sources) based dispersed generation and the active participation of consumers. This will lead to an increase of RES penetration leading to GHG emissions’ reduction and more efficient use of energy. Moreover, given the economic climate in our country, it is important to highlight that Smart Grids can significantly contribute to economic development by creating new jobs, new business opportunities (development of new applications, solutions and technologies) and by providing opportunities for innovation by the Research and Development sector.


GUARANTEE FOR BUSINESS EXTROVERSION THIS IS OUR ACTIVE SUBSTANCE Not only do we as DEMO value the quality of our pharmaceutical products, but also our added value lies on healthy entrepreneurship, trusting relationship-building with our partners and our ability to respond to the needs of the global market. This is the reason why we have managed to establish ourselves as the leading Greek exporter of pharmaceutical products with strong presence in over 50 countries worldwide. This is our active substance: promoting our country as a global business leader.

www .demo .g r


Greek medicines with global reach


Diamonds 57


Pharmacist - Active member of Panhellenic Association of Pharmaceutical Wholesalers for 20 years

Sotiris Lelos

Continually investing

”LELOS GROUP pharmacy’s best partner” Apostolos Vakakis Turnover 454.276.468


58 Diamonds

Our Group of Companies, known as LELOS GROUP, consists of nine pharmaceuticals warehouses located all over Greece, from Thrace to Peloponnesus. The nine companies of the Group operate in state –of-art building facilities responsive to the latest European Guidelines on Good Distribution Practice. The leading company of the Group is VITAFARM SA which is the biggest private firm in Greece in pharmaceutical wholesale. Despite the continuous reductions in medicine’s prices in our country and the enormous reduction of healthcare expenditure, we achieved to maintain our sells volume, increasing the number of our clients. Today we serve 1200 pharmacies in daily basis nationwide while 800 pharmacies purchase our monthly offers. Our chief goals are: Firstly, to increase up to 15% during 2016 the pharmacies we serve in a daily basis

and to double the pharmacies purchasing our monthly offers. For this reason, we continually invest on software and hardware, mechanical equipment and automated systems, which gives up the ability to fulfil many orders in less time avoiding mistakes. Secondly, to succeed strategic cooperations with huge pharmaceutical companies in order to enter the field of promoting pharmaceutical products, especially otc, in pharmacies. To sum up, I would like to underline the fact that the combination of good organisation along with optimal equipment and the security system applied in our country in order to prevent the entry of falsified medicinal products into the legal supply chain, makes VITAFARM a trustworthy cooperator, not only for Greek pharmacies but also for 30 major pharmaceutical companies abroad, especially in EU.


Η ζωή ομορφαίνει όσο ερευνούμε για την υγεία της “Πρέπει να πειραματιζόμαστε με νέες ιδέες. Πρέπει να γίνεται συνεχώς έρευνα και να παράγονται νέα προϊόντα.”


Στόχος μας είναι να προάγουμε την επιστήμη προς όφελος των ασθενών. Να κάνουμε τον κόσμο μας καλύτερο και υγιέστερο μέσα από τα φάρμακα που ανακαλύπτουμε και αναπτύσσουμε. Οι επιστήμονες των τμημάτων Έρευνας και Ανάπτυξης της Janssen εστιάζουν σε περιοχές υψηλής εξειδίκευσης: στην ανοσολογία, στις νευροεπιστήμες, στην ογκολογία, στα λοιμώδη νοσήματα, στα εμβόλια καθώς και στα

Λεωφόρος Ειρήνης 56, 15121 Πεύκη Tηλ.: 210 8090000

καρδιαγγειακά και μεταβολικά νοσήματα. Αποτέλεσμα των προσπαθειών αυτών είναι να διαθέτουμε φάρμακα που ανακουφίζουν, θέτουν υπό έλεγχο ή θεραπεύουν ορισμένες από τις σοβαρότερες παθήσεις και νόσους παγκοσμίως. Η μεγαλύτερη αναγνώριση της προσφοράς της Janssen είναι το γεγονός ότι τέσσερα προϊόντα της βρίσκονται στον κατάλογο των απαραίτητων φαρμάκων της Παγκόσμιας Οργάνωσης Υγείας.

Diamonds 59


Founder and CEO of the DK Consultants

Dimitris Karavasilis

Greek exports, the missing piece of the growth puzzle

”Greek entrepreneurs should adopt a truly export-oriented approach focusing on Apostolos Vakakis generating Turnover 454.276.468 continuous PROFIT BEFORE TAXES demand for their 96.956.097 products”

60 Diamonds

Greek enterprises operate in an increasingly challenging environment. On the one hand, the imposition of capital controls has resulted in businesses facing major liquidity problems. On the other hand, domestic consumption is worsening, driving a number of Greek enterprises to penetrate foreign markets. Greece has long been the EU member state with the lowest export share in GDP resulting from an introvert economy that does not promote competitiveness. And this situation has improved marginally, during the financial turmoil, with Greek exports lagging behind the recovery of other countries that were subject to Economic Adjustment Programs. In addition, the chronic absence of investments in the primary and secondary economic sectors of the country as well as the lack of a consistent national export strategy plan, that should divide product sectors, need to be addressed. But above all, Greek products often fail to compete successfully abroad because they: ● Do not offer added value ● Do not fulfil foreign markets’ requirements and standards ● Do not consider market and consumer trends ● Fail to meet consumer needs In other words, Greek entrepreneurs do not focus on differentiation, consistency and innovation, failing to exploit and optimize their resources and comparative advantages in order to boost productivity and export revenues. However, these shortcomings need to be addressed so that Greece’s export performance is reinvigorated, thus generating the much needed economic growth. In particular, the way of “doing business” needs to be reformed. Greek entrepreneurs should adopt a truly export-oriented approach focusing on generating continuous demand for their products instead on realizing random, fragmented sales. A well-organized strategic export plan based on thorough market and consumer insight research is therefore crucial. Equally important is the creation or adaptation of the appropriate product portfolio and packaging which will meet the needs of every target market, as well as the needs of the supply chain. Therefore, a holistic approach to marketing is indispensable for an effective development, differentiation, promotion and positioning of the Greek products to the foreign markets.

On a larger, national scale, collective initiatives and synergies undertaken both by private and public bodies are considered useful and necessary. The strengthening of the national brand name which will act as an umbrella for Greek products, giving prominence to quality, is an indicative step to the right direction. Furthermore, the adoption of the appropriate policies and regulatory frameworks that provide incentives and reduce barriers for Greek exporters will certainly boost performance. For instance, the new pending Greek tax legislation should focus on the taxation of the business profits and not of their productive resources, in order to prevent an increase in the operating costs of the Greek enterprises. Consequently, despite the high economic uncertainty and tough austerity measures that do harm entrepreneurship in Greece, the country’s export under-performance is not a recent problem. However, the recovery of the country’s exports is achievable as long as Greek entrepreneurs focus on proper business operation and on creating and promoting high quality products to foreign markets with continuity, consistency and professionalism. Needless to say that, the State should encourage such endeavors. Only then, can Greek exports contribute to the successful solution of the growth puzzle. Dimitris Karavasilis is an International Strategy Consultant, founder and CEO of the DK Consultants firm, which has been operating since 1999 in the field of Business Consulting, specializing in the areas of International Marketing and Export Consulting. Apart from its invaluable experience and expertise in those fields, DK Consultants has developed and applied appropriate, innovative business tools, that assist Greek and foreign companies to compete successfully in the global marketplace and achieve growth. The services that DK Consultants provides to a number of businesses worldwide are the following: ●M  arket & Consumer Insights Research ● International Strategic Planning and Business (Re)Modeling and (Re)Positioning ● Visual Merchandising with Global Perspective ● Technical Packaging Specifications and Product Design ● Product & Service Prototyping and Concept Testing ● Product / Services Management ● Export and International Trade Consulting

Discover the new collection at | Like us!

PANDORA Greece | Shop online at


Director of the Foundation “Maria Kokkori”

Rev. Archim. Nikodimos Farmakis “Humanity is still alive in Greece…”

”Humanity is still alive and will stay alive in Greece, Apostolos Vakakis in contrast Turnover to Europe” 454.276.468 PROFIT BEFORE TAXES 96.956.097

62 Diamonds

If we wanted to give a title to Greece today, what effortlessly comes to my mind now are the words of the Beatitude Archbishop of Athens and Greece Mr Ieronimos who used to say “Humanity is still alive in Greece…” In the past years, not very long ago, one could watch the Church caring for the Country, the Greek slaves, their lives, their schools, their education, their culture. All those saw the Church as their only support and they have never forgotten, never disdained Its offer and Its sacrifices. The Church has never forgotten through history to care in every possible way for fellow humans, it has never stopped looking for ways to comfort the hungry, the hurt, the disabled. It has never stopped continuing its operation after the Mass, on the curbside of every church, all over this country. Many have tried to disdain Its role and have not managed to. Many have fought it and were defeated. Many have slandered it and have been outargued and isolated in a small, forgotten niche of history, expecting their redemption through the history itself, this time written with another pen, a humble, historical and true one. Today, and, when I say “today”, I mean at least the last decade, the Greek Church has had to deal with such problems, which, if they were described as action planning on paper, would frighten us or even make us smirk. Today, the Church feels the agony of hundreds of thousands of impoverished people. It feels the agony of the unemployed, who have lost their job suddenly, family people, people with dignity. It feels the agony of the physically disabled, those that

cannot afford their medicine, the care of their patients, the care of people with special needs, the private schools of their children, the care of their children at school… And many other agonies that, over time, make me sad and hurt me, while I try to find solutions and a way out from the dead-end that some people have created without taking account of the human being! Today, when everything is distorted and devalued, the Church is vigilant. And it is vigilant through Its body, and Its body is the human being, the head of this body is Jesus Christ himself. Jesus Christ vitalizes and takes care of His body with His own blood, and, therefore, the body reacts and acts. And one member takes care of the other in such an admirable way that I can say with all the strength of my soul that, yes, humanity is still alive in Greece. In Europe, it is dying slowly, because the Greeks have learned a lot from mother Church. You, the business world of the country, are all worthy of congratulations, you budget and balance your financial data. Don’t look for such calculations in the charity work of the Church. The whole budget has been left to people’s hearts, because all of the Church’s works are not performed with the budget, but with the spirit of the heart. Yes, humanity is still alive and will stay alive in Greece, in contrast to Europe. Our people has strength. All of you here, all of us have the strength and the content, and this is the message. This is the optimism and comfort in the problems we have been facing. This is my wish, too. If we stay united, there is nothing to fear.

Transforming Our Vision


Into Innovation MEGARA (HQ’s)





Our Vision, is to be a recognized performance leader of the chemical industry. Being a performance leader means we will achieve operational excellence, industry-leading customer satisfaction and superior financial performance. Megara Resins S.A. is a diversified manufacturer and supplier of raw materials for industrial and architectural coatings as well as rosin based and other synthetic resins for the paint, adhesive, paper and construction industry. For over 40 years, Fanis Megara Resins S.A. has been a pioneer in creating innovative technologies to help coatings formulators meet their customers' most demanding applications. Today, the company remains firmly committed to the pillars of innovation and new technologies and is widely regarded as being the most innovative Greek supplier to the coatings industry through its continued investment in R&D, technical support and new product development. Megara Resins offers its customers advanced and diverse products and technologies for surfaces with an emphasis on environmentally friendly products such as powder coating resins & additives, rosin dispersions, alkyd resins, water-based acrylic dispersions, and unsaturated polyester resins.

38th NEOAK 191 00 Megara P.O. BOX 29 Greece Tel: (+30) 22960 83311 Fax: (+30) 22960 83335 e-mail:

Diamonds 63


LocaL and regionaL deveLopment with depa’s naturaL gas projects The natural gas industry is a major contributor to the GDP of many countries. It is by nature large-scale, employing thousands, generating associated revenues and tax income. The natural gas helps fuel local business and builds a platform to grow Greece’s economy. DEPA with its long presence in the Greek market is a modern and competitive group of companies with a dynamic presence in the energy sector and substantial contribution to the development of the Greek economy, the protection of the environment and the improvement of the quality of life of the local communities. With the continuous expansions of the natural gas pipelines DEPA Group is bringing natural gas to more and more regions of the country. It sources gas from a number of suppliers through long-term supply contracts and covers a major proportion of the total domestic demand. In Greece, the gas transmission system serves residents of the eastern part and Depa develops actions at the national and european level so as natural gas (CNG/LNG) becomes accessible and intelligible to other cities (of the western Greece) and other, more problematic regions. The company develops the natural gas network near the cities that are around the high pressure piplene area.One of the company’s main goals is to expand the use of natural gas in the western part of the country. Depa as a leader in the natural gas market and through infrastructure projects and international internships has managed to create a large and adequate pipeline network. The development of the Greek-Bulgarian (IGB) interconnection and the Greek-Italian pipeline (IGI) are just some of the infrastructure projects of greek and european interest. The long-term contracts with Sonatrach, Gazprom and BOTAS

64 Diamonds

and the agreement with Azerbaijan constitute strategic agreements achieved by DEPA to further develop the energy market and ensure diversification of energy sources and longterm, secure natural gas supply for Greece. The fundamental aim of DEPA is to remain a strong regional energy company offering quality and innovative services contributing, thus, to the economic development and the society’s welfare. The company’s main goals are to increase the natural gas penetration in the Greek energy market, to adapt to the changing needs of the market and to improve the competitive and sufficiently diversified natural gas supply portfolio.

European gas use continues to grow According to latest estimates from the trade association Eurogas, natural gas consumption in European Union grew by some 4% in 2015 to 426.3bn m3. That increase can be explained by a number of factors such as the economic recovery in some countries (France, Czech Republic and Slovakia) and hence a rise in industrial gas demand. Lower gas prices also saw more gas used in UK power generation than in 2014, whilst Italy and Greece used more for summer air-conditioning. The old and energy-intensive buildings in most European countries increase the gas demand mainly for heating and cooling. The overall rise in 2015 gas use was also mirrored by a rise in LNG imports. Greece has developed a basic infrastructure that covers the energy needs particularly in the eastern part of the country. Gas share as primary energy consumption was 12% in 2014 slightly lower than in 2011 (13%). In Europe, the corresponding figure is approximately 21% in 2014 whereas 2011 figure was 23%. It therefore follows that there is a lot to be done in the field of development in Greece in order to be aligned with the European standards and to meet the growing demand for the domestic use.


While gas is a lower carbon fuel than coal, the implication of such a massive new investment in gas infrastructure is that its use will continue for decades to come. Better markets for gas can help keep EU energy secure if combined with continued renewable energy growth, but this strategy won’t stop us wasting power stations worth of energy. Depa has set high targets for the development of its activities and the company’s main goals are to increase the natural gas penetration in the Greek energy market, to adapt to the changing needs of the market and to improve the competitive and sufficiently diversified natural gas supply portfolio.

Other DS


A’ phase

Infrastructures that increase energy security

High pre

Greece -and DEPA- are at the heart of major initiatives to increase energy security in Greece and hence the European Union. At the same time, Greece is securing its role as a regional energy hub. The company participates in main gas infrastructure projects such as:

Other DSO’s (51% participation of DEPA) DEPA DSO

• Interconnector Greece-Bulgaria (IGB) The IGB project is being developed by ICGB AD, a 50-50 joint venture between IGI Poseidon SA and Bulgarian Energy Holding. DEPA and Italian Edison each hold a 50% of IGI Poseidon’s shares.

Other DSO’s (51% participation of DEPA)

A’ phase


High pressure pipeline

A’ phase

B’ phase

High pressure pipeline

B’ phase

Diamonds 65


Without natural gas, a number of industries would not be able to perform and contribute to an economy’s output. A study by the Center for Global Development (CGD), found that the greater use of natural gas for electricity could help lift some countries out of poverty by providing greater access to affordable and reliable power. • The Eastern Mediterranean Pipeline (EastMed) The Eastern Mediterranean Pipeline, or the East Med, will connect the recently discovered gas fields in the Levantine Basin in the Southeast Mediterranean with mainland Greece.

• Interconnector Greece – Italy (IGI) A project to connect Greece with Italy, the Interconnector GreeceItaly (IGI) connecting Greece with Italy (from the Thesprotia region in Greece to Otranto in Southern Italy), developed by the Greek company IGI Poseidon S.A. IGI Poseidon S.A., is equally owned by DEPA and the Italian Edison.

• Poseidon Med DEPA participates as project coordinator at the POSEIDON MED II project, which is a part of a global project aiming to take all the necessary steps towards adoption of LNG as marine fuel in East Mediterranean Sea, while making Greece an international marine bunkering and distribution hub for LNG in South Eastern Europe.

The natural gas benefits Since other energy resources are fast depleting and conventional fuels are more expensive and more polluting, the natural gas is the green fuel that allows the transition to a low-carbon economy. Europe and especially Greece can take significant steps toward and beyond the initiatives of energy independence and conservation. The expanding market of natural gas can create millions of jobs, help fuel local

DEPA: Sustainable social and economic development A group that… •  is the largest natural gas importer and distributor in Greece which sells gas to large consumers and to the gas supply companies. •  has made co-operations with big international companies (Gazprom, BOTAS, Sonatrach, Edison, ICGB) and ensures the optimal coupling between international supply and indigenous demand. •  covers with natural gas an area from Thrace to Attica and all big consumption areas of the continental part •  develops actions at the national and european level so as natural gas (CNG/LNG) becomes accessible and intelligible to all parts of the country (east, west Greece, islands etc) •  has significant contribution to Greek economy growth, environmental protection and improvement of local communities’ quality of life •  has opened up the way to gas-driving by establishing stations in big cities

business and build a platform to grow economy—not just today, but for decades. Natural gas plays a key role in ensuring European countries are able to meet our energy needs of the future for many reasons

• It is clean: Natural gas is the cleanestburning fossil fuel, with 30 percent less carbon than oil and as much as 60 percent less carbon than coal. • It is reliable: We can access natural gas when we need it, through well-established networks of pipelines that bring natural gas safely and reliably into our homes and businesses. • It is versatile: The versatility of natural gas makes it an important foundation fuel for the industry, households, enterprises and transport. Natural gas (either in liquefied or compressed form) is used to fuel vehicles, transit buses in urban areas, ships.

• It supports the economy: Responsible development of natural gas brings significant economic benefits as it increases government revenues, it creates jobs and saves money from the industry by supplying low-cost energy.

66 Diamonds


Following the EU directives for low-emission fuels The EU directive wants to reduce the transport sector’s dependence on oil and curb emissions. To this end, the directive focuses on particularly low-emission fuels, giving compressed natural gas (CNG) and liquefied natural gas (LNG) key roles to play alongside electric power. EU Member States are now required to establish a minimum infrastructure as well as develop a general strategy for providing better support and marketing of alternative fuels in the transport sector. Depa has made all the important steps in the development of the institutional framework for implementing the infrastructure of gas stations. It has developed basic infrastructure to provide market pull for eco-efficient alternative fuels and clean vehicles, enabling more and more consumers to refuel their vehicles with natural gas and enjoy the benefits of the «green» fuel. The FISIKON is the brand name under which Depa promotes the natural gas as fuel for vehicles. DEPA currently operates 7 refueling stations in various cities all over Greece while more are under construction or licensing phase in many cities.

In Athens • ΕΚΟ – 264, Kifisias Av., Kifisia • ΕΚΟ – 8th km of Athens-Lamia National Road, N. Philadelphia •  Fisikon refueling station in Anthousa, on the side road of Attiki  Odos •  Fisikon refueling station in Ano Liosia, Karaiskaki & Nikitara St. In Thessaloniki • EKO – 128, Georgiki Scholi Avenue, Pylaia • ΒΡ – 36, K. Karamanli Av., Nea Magnisia and In Volos • ΒΡ – 202, Larisis St. In Lamia • BP-6th km of Lamia-Stylida Old National Road In Larisa • EKO-65, Volou St.

Diamonds 67


Director Industrial & Sectoral Policies SEV Hellenic Federation of Enterprises

Dr George Xirogiannis Comprehensive growth through value adding investments

Apostolos Vakakis

Turnover 454.276.468


70 Diamonds

Industrial disinvestment together with high unemployment remain the most obvious aspects of the economic crisis in Greece, as well as key recovery factors. The devolution of the Greek productive base has been dramatic in terms of fixed capital formation. Compared to pre-crisis era, it has decreased by more than 50%, leading the private economy to negative fixed capital of €13b approx. Despite the fact that negative fixed capital formation has also been witnessed in several other countries during the crisis (e.g. Italy, Cyprus, Portugal); none of these countries compare to the Greek case, whose figures are far worse. For the economy to return to pro-crisis performance, additional investments of €100b at minimum are necessary. This is a figure multiple of NSRF funds (approx. €2b for private investments) even if coupled together with the state aid to be provided by the new Development Law (estimated to €1,5-2b). It is evident that we are not dealing with a typical disinvestment problem that can be reversed with traditional investment promotion tools. Instead, the Greek economy asks for game-change initiatives, far beyond the reach of traditional state-aid benefits and outdated tax incentives. Comprehensive policies that will expedite growth and create jobs for all, is desperately needed. To accelerate growth, Greece asks for a new investment paradigm which will counterweight over-taxation, contribute to new jobs, enhance the exporting capacity of Greek companies, shift focus to tradeable goods, innovation and synergies between small and large enterprises. To enhance gross value added, SEV proposes a new investment strategy to be developed in five pillars: 1. Radically incentivize all investments that add value. “Smart” incentives are necessary to horizontally encourage all financially efficient investments, regardless of size, location and industrial sector. A simple yet very effective tool to encourage investments, builds on ex-post reward for capital expenses (capex) that turn into profit and jobs (thus additional tax revenue and social security contributions). Towards this end, over-amortization of capex (e.g. 200%), as well as reduced tax rate (e.g. 20%) for reinvested profits do not compromise fiscal balance while mobilizing large scale industrial investments rapidly. Such tools can achieve two key growth objectives simultaneously. Firstly, they may leverage funds currently seeking opportunities internationally but do not reach Greece. Secondly, they may contribute to the restructuring of the Greek economy towards added value production and services as well as sustainable new jobs. 2. Boost investments in innovation. Industrial sectors increasingly become technology oriented,

while innovative products and processes are indispensable for Greece to gain a competitive advantage internationally. Enterprises comprising an innovation potential, broad-based global business activities and an active participation in production networks, act as front-runners and trigger significant economic multiplier effects. To facilitate the rapid commercialization of innovation, incentives for bridging the gap between companies and research should be provided. Another simple but also very effective tool to do that, employs tax breaks on profits that emerge from commercializing innovation. Existing tax incentives in several European countries reach 35% (effective tax break) with the rate in Greece to be as low as 8.7%. 3. A  ttract business centers, innovation centers, business excellence and logistics hubs, as well as shared services units in Greece. Such centers typically employ skilled personnel and ask for a fixed tax rate (e.g. a notional tax rate of 5% on expenses) for at least ten years. Such investments capitalize on the geo-location of the country and may hopefully halt “brain drain”. 4. S implify investment environment. Greek companies are striving to remain competitive internationally. But to achieve this, all barriers that undermine the cost-competitiveness must be addressed swiftly. Such barriers impose an additional cost of €4b, double the time for justice administration, delay exports, etc. The propensity to over-regulate and impose multiple layers of indirect taxes and levies on production are additional barriers to overcome in order to simplify “doing business in Greece”. 5. C  orporate size matters. Greek companies traditionally are associated to small corporate size, thus private sector’s employment is unequally allocated to small companies. However, SMEs typically present reduced resilience during financial turmoil as well as difficulties in maintaining access to international markets. Hence, it is important to direct investments to setup value adding networks of SMEs around large and export oriented enterprises. This will strengthen the resilience of SMEs but will also provide economies of scale and flexibility to larger enterprises. Greece desperately asks for a contemporary policy mix to mobilize private investments rapidly and create new jobs. Game-change tools and mechanisms can be leveraged to counterbalance over-taxation and tackle barriers in the business environment. The challenge for the public administration remains on how to integrate them properly in the National Development Plan, and of course, to implement them, in order to quickly reach the European objectives in the context of European industrial policy and Industry 4.0.


General Manager of ASBC Consultants

Athina Sideri

A premium advisory group

“In ASBC we administer over 10,000 corporations and Apostolos Vakakis trusts”

ASBC is a premium advisory group committed to create bespoke solutions that allow our clients to maneuver through emerging challenges and critical objectives.
With justified in depth experience on highly significant sectors including among others financial planning and wealth management, business development and brand ambassadorship, real estate and asset management, commerce and trade, energy and infrastructure, shipping and defense, ICT and biomed – and with key financial and management skills, our experts are deployed in a worldwide network of fullservice offices delivering local insight and influence on a global scale.
In ASBC we administer over 10,000 corporations and trusts, providing cutting edge services with regard to their legal obligations, compliance requirements, tax efficiency structure, corporate and trust

formation, global trading requirements, as well as their need for access to advanced financial tools and solutions.
At the same time, our position allows us to bridge our clients with key opportunities and forge strategic partnerships in the broader regions of Britain, EU, Middle East and China.
In ASBC we critically support our clients to overcome the complex spectrum of policies, financial, tax and auditing regulations and obstacles associated with international businesses, partnerships, JVs and crossborder trading, by providing comprehensive services that fulfill the statutory obligations of the companies and trusts we administer.
The key to the successful outcome of the solutions we provide lies on the values and principles that our team shares, that define our services and allow us to forge enduring relations with our clients.

TURNOVER 454.276.468


Diamonds 71






The Key Role of a Leading Energy Group in SE Europe Founded in 1998, Hellenic Petroleum is one of the leading energy groups in South East Europe, with activities spanning across the energy value chain and presence in 6 countries. In 2015, Group Adjusted EBITDA amounted to €758m, on total revenues of €7.3bn. Hellenic Petroleum’s key shareholders are Paneuropean Oil and Industrial Holdings S.A. (42.6%) and the Hellenic Republic Asset Development Fund (35.5%). Refining is the Group’s core business, accounting for 75% of total assets. It owns three of the four refineries in Greece, of total capacity of 340 kbpd, with a 65% share of the Greek wholesale oil products market. The Group is the domestic ground fuels marketing leader, through its fully-owned subsidiaries EKO and Hellenic Fuels (former BP Hellas). The two companies comprise a retail network of c.1,700 service stations throughout Greece as well as LPG, industrial, aviation and marine fuels and lubricants businesses.

Grigorios Stergioulis, Chief Executive Officer

Hellenic Petroleum is a leading player in SE European markets. The Group owns the OKTA industrial installations in Skopje (FYROM) and through its network of 295 petrol stations is one of the key fuels marketing players in Cyprus, Serbia, Bulgaria and Montenegro. The Group’s portfolio includes exploration and production rights in Greece. The Group is acting as an operator (50% stake) for an international joint venture, which owns exploration and production rights of hydrocarbons in the offshore area of West Patraikos Gulf. In February 2016, following relevant international tender, HELLENIC PETROLEUM was selected as the preferred bidder for the lease of Arta-Preveza and NW Peloponnese areas. Hellenic Petroleum is the sole petrochemicals producer in Greece, mainly active in the propylenepolypropylene value chain. Domestic market shares exceed 50%, while exports account for more than 60% of sales.

Contact Details 8A Chimarras str., GR 151 25-Maroussi Tel.: +30 210 63 02 000 Fax: +30 210 63 02 510 Website:

Hellenic Petroleum is also active in the power and gas sectors. Power generation and trading activities are carried out through Elpedison, a JV with Italian EDISON. The JV owns and operates two CCGT plants in Greece, one 390MW plant in Thessaloniki and a 420MW plant in Thisvi. Moreover, HELLENIC PETROLEUM recently entered the field of renewable energy sources with a portfolio exceeding 200MW in various development stages. The Group is present in the natural gas sector through its 35% stake in DEPA, the main natural gas importer and wholesale supplier in the country. DEPA fully owns DESFA, Greece’s natural gas grid owner and operator, and 51% of each of the local supply companies (EPAs).

72 Diamonds


Diamonds 73



Gaming Forward Gabriel Chaleplis CEO B2B GAMING SERVICES LTD.

B2B GAMING SERVICES is the creator and operator of a betting & gaming platform for the use of gaming brands wishing to operate online. B2B GAMING SERVICES pioneered back in the 90’s, developed its platform, by 2005 was already a market leader in Europe. In 2012, when regulation permitted it, B2B GAMING SERVICES was launched in Greece, now leading the online betting market, having turned the tide of an entirely monopolistic industry until then.


SOCIAL RESPONSIBILITY MATRIX ❏ Stay ahead of the fast paced technological environment ❏ Offer a secure, safe and reliable operating environment ❏ Enforce a consistent and high level of consumer protection ❏ Combat fraudulent and criminal behavior ❏ Protect vulnerable customers ❏ Prevent underage gambling ❏ Protect customer privacy and safeguarding of information ❏ Ensure prompt and accurate customer payments ❏ Ensure fair gaming ❏ Offer binding and independent dispute settlement for consumers ❏ Responsible marketing ❏ Commitment to customer satisfaction and support ❏ Be a conscious citizen ❏ Fully adhere and comply with regulatory frameworks ❏ Fully comply with taxation requirements, compensate in full and on time ❏ Contribution to social welfare ❏ Respect our competitor, respect all aspects of the Greek culture and the end user

OPERATIONS ❏ Quick market deployment ❏ Optimum brand navigation ❏ Reduction of revenue volatility to the minimum ❏ Cost control ❏ All levels of customization

INNOVATION Innovation for us is not just about “doing things differently”. It is about being able to foresee, or even invent, an operational architecture which not only satisfies needs, but also evangelises positive change.


Contact Details Global Operations B2B GAMING SERVICES is based in Malta Registered Office: Apartment 21, Suite 41, Charles Court, St Luke’s Road, Pieta PTA 1027, Malta. Offices UK (London), ITALY (Rome), CYPRUS (Nicosia), S. AFRICA (Durban) Countries of Direct Operation GREECE, ITALY, LEBANON, ROMANIA, BULGARIA, S. AFRICA, NIGERIA Tel: +30 211 103 6400 (GR)

74 Diamonds

COMMERCIALIZATION ❏ Marketing Insight ❏ Business Expertise ❏ Consulting Services ❏ Partner of leading providers to optimize execution matrix ❏ Accumulated industry knowledge since 1997 in major developed, as well as developing markets (EU, Middle East, Africa)

❏ A multiple gambling licenses holder. ❏ Accommodating major, well established requirements to start ups. ❏ Partner with gaming product leaders. ❏ Platform integrator of major brands. ❏ Provider of flexible solutions, tailored to specific company needs. ❏ Fully integrated platform for both online and land-based. ❏ Multi-language, Multi-currency, Multichannel. ❏ Ranging from Sports betting to Casino and Virtual games. ❏ Multi-level management, loyalty programs, CMS for customer retention. ❏ With proven industry management international experience. ❏ Owner of in house developed gaming platform.


LOOKING AHEAD Since the beginning of its operations, B2B GAMING SERVICES culminates the approach of its leader, Gabriel Chaleplis, the CEO of B2B GAMING SERVICES, who is constantly “gaming forward”. Being the architect and the evangelist of outthinking boundaries in business, he continues to pursue operational, commercialization and consultation standards to aid and abet corporate development. B2B GAMING SERVICES is already in the core of this business, developing further, breathing life to global emerging trends; “Gaming forward” through its pioneering platform in the innumerable ways people understand, use and enjoy technology. HONORS & AWARDS for Gabriel Chaleplis & B2B GAMING SERVICES June 2nd, 2016 His Beatitude Archbishop of Athens and Greece Mr. Ieronimos the 2nd , granted honors and recognition to Gabriel Chaleplis and B2B GAMING SERVICES, for contribution to “The Church Welfare Foundation for Female Persons with mental retardation or Down syndrome M . Kokkori “, a non-profit foundation of the Archdiocese of Athens.




awards GR



















* T he European Business Awards is Europe’s most prestigious, independent, cross sector institution in its 9th year in 2016. They engaged with 32,000 businesses in 33 countries across Europe. There were 678 National Champions, out of which 110 became Ruban d’Honneur recipients, B2B GAMING SERVICES ranking one of ten in its category. * * B 2B GAMING SERVICES is awarded in Milan, Italy for being ONE of TEN top Businesses in Europe and Gabriel Chaleplis is distinguished in the “Entrepreneur of The Year” Awards category. B2B GAMING SERVICES is the first company in its sector (betting and gaming) to have been granted these distinctions in European Business Awards history.

Diamonds 75



The leading infrastructure player in Greece with an increasing international presence Ellaktor is a holding company with a history of nearly 60 years of activity and long-term investment in the following sectors: construction, concessions, waste management and environment, energy from renewable sources (RES) and also real estate development. Constructions has been, historically, the main sector of the firm’s activities, interconnected with all of the group’s other activities through major synergies. Concessions is another sector that affords the group several comparative advantages. In addition, Ellaktor holds a number of minority stakes in selected stronggrowth areas with a short- to medium term investment horizon, offering value opportunities to shareholders.

Contact Details 25 Ermou St., 145 64 Kifissia, Attica, Greece Tel.: +30 210 8185000 FAX: +30 210 8185001 E-mail: Website:

76 Diamonds

Constructions Aktor is the Group’s primary constructions subsidiary, being Greece’s leading firm in the specific sector for a number of years. Efforts to establish and expand the firm globally, as well as its gradual transformation into a regional player have already begun to bear fruit with the undertaking of projects, mainly in the Balkans and the Middle East. Such projects are being selected carefully both in terms of the type of projects themselves and on a country basis. The high backlog of construction activity exceeds 3.3 billion euros (as at March 31, 2016) and spans to more than 20 countries. Indicative of the firm’s new orientation is that the backlog is now generated by 55% of projects abroad and the remaining of projects in Greece. Aκtor is the cornerstone of the group’s growth, contributing substantially to all new activities through highlevel executives and expertise. Concessions In the concessions field, the group holds a leading position among domestic competitors in cofinanced projects with major stakes in projects including Attiki Odos (59.2%) and Rio-Antirion Bridge (22%). Ellaktor, through its subsidiary Aktor Concessions SA, also has a significant share in the new market of co-financed projects, including the Corinth-Tripoli-Kalamata (Moreas) Highway, the Maliakos-Kleidi highway (Aegean Motorway), and the Elefsina-Corinth-Patra-Pyrgos-Tsakona


Highway (Olympia Odos), in addition to its active participation in several other concession projects (parkings, marinas, etc.). Waste Management In the waste management/environment sectors, the Group holds a dominant position in Greece in recycling and waste management projects, as well as in landfill and hazardous waste treatment facilities construction and operation. Following the acquisition of Germany’s Herhof by subsidiary Helector, the Group has gained access to a globally unique technology on recycling issues of municipal and commercial waste, which now makes it a major international player with significant presence in Germany, Bulgaria, Croatia and Jordan, in an area with significant growth potential. The Group financially closed the 1st Waste Management PPP in W. Macedonia (currently under construction) and also operates the largest landfill biogas facility in Europe (25MW). Energy ELTECH Anemos SA, another Group subsidiary, operates in the wind farm sector, which through an initial core of engineering partners, is now staffed with specialized experts and knowhow in the complex procedures of design, evaluation, licensing, construction and operation of RES generation projects, mainly wind, which is its primary line of business. ELTECH Anemos was listed on the Main Market of Athens Stock Exchange in July 2014. Today, the Group operates several wind farms of a total installed capacity of 208MW (14 wind farms, one photovoltaic station and hydroelectric station), as well as another 57MW under construction. The Group is also highly active in the thermal energy generation segment via Elpedison SA. Real estate In the field of real estate development, the total value of real estate owned by subsidiary REDS is estimated at about 115 million euros (Book value as at 31/12/2015). Over the past five years, the firm concluded the development of two shopping and leisure centers in Patra and Athens, as well as a pioneering residential complex in Pallini (Attica). Also, in late 2010, the Smart Park, Spata began operation as Greece’s first hybrid commercial park, in an area expanding over 22.5 acres, including 7.5 acres of landscaped space. Other investments Finally, major investments have also been made beyond the firm’s traditionally strategic areas, such as the Regency Casino Mont Parnes (Athens) and the Halkidiki mines (Northern Greece) with a stake of 1.1% in Eldorado Gold and a 5% stake in Hellas Gold SA.

Diamonds 77


Coca-Cola Tria Epsilon

Creating value in Greece

Contact Details 60, Kifissias Avenue, 4th Floor, 15125, Marousi, Athens, Greece Tel.: +30 210 6183100 Fax: +30 210 6195514 Website:

78 Diamonds

Founded in 1969, Coca-Cola Tria Epsilon is Greece’s leading non-alcoholic beverage bottler. Through its various facilities nationwide which include 25 production lines, it produces and distributes a unique portfolio of quality products meeting the needs and much loved by Greek consumers. The broad portfolio comprises of 15 brands and more than 200 products, with more than 553 million liters of product sold. These products include The Coca-Cola Company brands (Coca-Cola, Fanta, Sprite, Powerade, Nestea, illy issimo and Schweppes mixers) as well as other brands the company has developed in Greece such as Amita, Amita Motion, Frulite and AVRA natural mineral water. The company also distributes TSAKIRIS snacks and Monster energy drinks. The portfolio of products also includes alcoholic beverages by The Edrington Group, Isidoros Arvanitis, Brown-Forman and Gruppo Campari. For 47 years now, the company remains focused in its strategic commitment to create value in the country, and contribute to its growth and development. We are contributing to growth and employment, with 1,500 employees and thousands indirect jobs nationwide. We produce 96% of our products at our facilities in Greece and export 6% of our total production volume. We have a robust, committed presence in Greece and have consistently invested in our operations. Total investments in 2015 stood at €28.5 million, and over the 3-year period 2012-2014 the investment in our operations stood at €37.1 million. We are creating value for the Greek market via partnerships with more than 4,500 Greek producers and suppliers. They account for 90% of our purchasing spend. We have built long-term, trust-based relationships with more than 100,000 customers. Our annual purchasing costs


reach €150 million on average, while 50,000 tons of Greek fruits are used to produce our juices and soft drinks, thereby supporting domestic production. We are committed to environmental protection. Water is a key ingredient of our products and a vital good for all. We have launched initiatives to safeguard it, such as the “Mission Water” program. Since 2008 we have installed 3 drinking water units and 53 rainwater harvesting systems on 29 Aegean islands, helping to save more than 204,605,000 litres of water per year. Due to this program, we are helping improve the lives of more than 49,000 residents in areas affected by water shortages. As a company responsive to society’s needs, we strongly believe in the young generation and we address their needs, through innovative initiatives and measures that contribute towards a better future. Since 2012 the program “The school you want” has helped to improve infrastructure at 12 schools by enabling repair and renovation work to be carried out. We have invested over €1 million to date, improving the school environment for more than 4,200 pupils. Coca-Cola Tria Epsilon is a member of Coca-Cola HBC, one of the world’s largest bottlers for The Coca-Cola Company, with a broad geographic footprint including operations in 28 countries and 136 brands in its diverse portfolio, serving a population of approximately 593 million people. Sustainability and corporate responsibility is integrated into every part of the business, aiming to build long-term value for its stakeholders. In 2015, the Dow Jones Sustainability Indices recognized Coca-Cola HBC as the beverage industry leader in Europe and the world for the second consecutive year.

Diamonds 79


Halcor Group

A leading global producer of innovative and value added copper solutions

Contact Details website:

80 Diamonds

Halcor, a Viohalco subsidiary, is a leading group of companies that specialise in the production, processing and marketing of copper, copper alloy and zinc rolled and extruded products, and cables. For more than 75 years, Halcor has been offering innovative and value added solutions that meet the evolving requirements of European and global customers in fields of plumbing and HVAC&R, naval construction and engineering, telecommunications, industrial production, architecture, and the automotive industry. With significant export activity in Europe, Asia, America and Africa, the Group operates nineteen companies in Greece, Bulgaria, Romania, Cyprus, the United Kingdom, France, Germany, and Italy, and owns nine production plants in Greece, Bulgaria, and Romania. Halcor products are known for their high quality and highly innovative features. The Group’s wide range of products includes copper, brass, titan zinc and alloy-based bars, rods, tubes, sections, flats, wires, gutters, strips, copper wires, enamelled copper and aluminium wires, compounds, and a broad range of cables. Halcor has received approval from the Hellenic Copper Development Institute, which is supported by the international network of 24 copper centers ICA, to use the Cu+® brand, name and mark. Antimicrobial Copper Cu+® products constitute an integrated category of materials that are proven to be more effective than any other product, in continuously killing microbes that cause infections. The use of Antimicrobial Copper Cu+® in touch surfaces, as well as air conditioning and ventilation systems and medical gas networks has been proven to be more effective in the continuous elimination of bacteria that cause serious and dangerous infections, compared to the use of other materials. As a result of the Group’s strategic investments in R&D, Halcor is recognised as one of the leading copper producers in Europe, setting new standards in copper processing. The Company maintains a consistent focus on quality and environmental protection, and a strong commitment to the principles of sustainable development. In this context, all Group’s production facilities leverage advanced technologies to bring innovative products that are energy efficient and environmentally friendly to the market.


Halcor Group – product range Halcor offers a wide range of energy efficient and environmentally friendly products. ● Copper Tubes

TALOS: Water supply, heating, natural gas, and fire-extinguishing networks. TALOS Coated Copper: Water supply, heating and natural gas TALOS ECUTHERM: Water supply, heating networks, air-conditioning and refrigeration, and industrial networks CUSMART: (flexible copper tubes) for water supply, heating, floor (under-floor) heating & cooling TALOS ACR: HVAC&R and solar applications TALOS GAS: (Coated) Interior natural gas networks TALOS MED: medical gas networks TALOS ECUTHERM SOLAR: (factory-insulated) Solar system installations TALOS ACR INNER GROOVED: heat exchangers. TALOS SOLAR Plus: solar absorbers ● Copper and titan zinc gutters ● Brass bars rods, tubes, sections, flats and wires for applications in architecture, interior design, contemporary art, furniture, lighting, pumps, gutters, heat-exchangers, plumbing, automotive, music instruments, etc. ● Copper and titan zinc sheets and strips for architecture applications, such as domes, roof covers, exterior surfaces, gutters.

Key data

Revenue (turnover) Sales outside Greece EBITDA

Investments 2000-2015 Market presence in: Sales outside Greece

● Copper and brass sheets and strips for

the construction of electrical and electronic equipment, springs, parts and components for the automotive industry, boilers, solar energy collectors and panels, heat-exchangers, electricity converters, connectors, refrigerators, prerolled high-frequency cables, ammunitions, wrapping for fire-resistant cables, electrical cable wrapping. These products are suitable for marine applications, for the defense, petro-chemical, electrical, nuclear and medical industries, as well as for machining and special tools, cooking utensils, art and decoration. ● Copper alloy wire and net for fish farm cages. ● Copper alloys for the production of beakers, discs and coins. ● Copper bars, rods and strips for architecture applications, electrical and mechanical equipment, decoration. ● Cables for buildings, outdoor installations and industrial applications, transmission and distribution networks, installations with special requirements, marine applications, telecommunication and data transmission networks, renewable energy sources. ● Plastic and rubber compounds for the cable industry, production of soft water pipes, production of flexible spiral pipes, production of hard flexible pipes for electrical applications, rubber and plastic soles, flexible elastic and plastic profiles. ● Enamelled wires for transformers, motors-generators, small motors, relayscoils, self-supporting windings.

HALCOR GROUP Year 2015 figures Amounts in EUR million 1,230 1,017 51.6 519 50 countries 82.7%

Diamonds 81



Vision and Responsibility for the Patient

Riccardo Canevari, Country President & Managing Director

Contact details 12Îż Km National Road Athinon-Lamias, Metamorfosi, Attica Tel.: +30 210 2811712 Fax: +30 210 2812014 Website:

82 Diamonds

Novartis Group is a leader in the Greek Pharmaceutical Industry. The group is active in the country for 20 years with an expanded portfolio which provides innovative drugs (Novartis), treatments for Eye Diseases (Alcon) and generic drugs (Sandoz). Our mission is to help people live longer with a better quality of life through research and innovation. Novartis has adopted the philosophy of doing business sustainably and seeks to build its prosperity in the long term, following high standards of compliance and integrity. Corporate Responsibility is an integral part of its business strategy and its commitment to all its social partners, for the creation of the greatest possible value in its every activity. Its approach is holistic and focuses on four main pillars: Patients, Business Ethics, People and Environment. The company invests more than 130.2 million Euros in the Greek society through R&D, tax payments, payroll, suppliers, donations and sponsorships, while our investments for the conduct of clinical studies exceed the sum of 9.3 million Euros. Our patient-centric approach is a point of reference in our philosophy and operation, with particular emphasis on supporting patients with actions such as donations of drugs, programs of patients’ early access to innovative therapies, donations to Public Hospitals and University Clinics to conduct research projects, as well as support of multiple patient associations. Also, through recycling programs, the reduction of carbon dioxide emissions and the rational use of natural resources, we aim at limiting our energy footprint. Through these actions and initiatives Novartis has emerged as the leading pharmaceutical company in Greece, with a market share that exceeds 10%.


Diamonds 83



The Leading Greek Food Company

Contact Details Athinon - Lamias National Rd (23rd km), 145 65 Agios Stefanos, Attica, Greece Tel.: +30 210 3495000 FAX: +30 210 3495289 E-mail: Website:

84 Diamonds

Founded in 1952, DELTA FOODS S.A. (DELTA) is a subsidiary of Vivartia, the largest Food Company in Southeast Europe, member of Marfin Investment Group (MIG) and the leading dairy company in Greece. DELTA produces milk, yoghurt, chocolate milk, dairy desserts, concentrated milk, PDO cheeses (feta and kasseri), as well as juice and energy drinks and iced tea. The company enjoys a 99% brand recognition and its products are accessible to consumers all over Greece, through more than 30.000 sales points, from large hypermarkets to small kiosks. The company is considered among Europe’s most important Dairy companies. Some of the most recognizable brands are DELTA Fresh Milk, Small Family Farms, μμμmillk, Advance, Daily, Vlahas and Easy (milk brands), Milko (chocolate milk), Complet, Vitaline and Smart (yogurt brands), Small Creameries (PDO cheese) and Life (juices and iced tea brand). The above products are produced in its 6 plants in Greece (Agios Stefanos and Tavros in Attiki, Lamia, Sindos, Platy and Elassona in Northern Greece). DELTA production plants comply with national and international food quality management and safety standards, including ISO 9001, ISO 22000, ΕΛΟΤ 1801 and 14001, AIB Food Safety Stds, BRC, IFS, AGROCERT, HALAL etc. DELTA invests in Greece, supporting the Greek economy and primary production. It operates responsibly and contributes to the sustainable development of the society. The company implements vertical integration for milk collection, animal feed and veterinarian control. It ranks as the largest


buyer of Greek milk production in Greece, absorbing over 25% of the total quantity of cow milk produced in Greece. DELTA has invested more than 500 million euros since 2010 in the milk production primary sector. Investments related to the quality of its products, innovation and technology have always been the cornerstones of DELTA’s development, enabling the company to lead the market over the years, create new innovative product categories and further develop nutrition standards. DELTA’s people skills, scientific knowhow and expertise in research & development and quality control & assurance procedures is widely recognized as a major asset. Quality Assurance and product development based on DNA technology, in a fully equipped Molecular Microbiology Laboratory, further enforce Delta’s commitment to safety. As a result, DELTA daily produces high nutrition value products that consumers distinguish and choose to offer to their families. During the recent years of the tough economic environment in Greece, Delta supports the society and people in need, in collaboration with leading organizations and foundations, giving priority to children. Furthermore, in cooperation with Universities and Schools, it provides practical training to young scientists and students and supports initiatives that aim at a wider education and training of young people. DELTA’s international vision is to represent Greek nutrition globally through original and innovative products of the highest quality. The export activity of DεLTα is experiencing dynamic growth, confirming the effective corporate strategy for development abroad. With this being the cornerstone of its strategy, DELTA launched its genuine Greek strained yogurt DεLTα that is rooted to tradition, but does so with an international appeal. DεLTα participates in all major International Food Fairs and has been repeatedly awarded by the International Taste and Quality Institute (iTQi). Actually, it is the only Greek yogurt range that has all of its variants awarded by iTQi. DELTA Feta Cheese is the first and only Greek cheese to win, in 2016, the CRYSTAL AWARD by the International Taste and Quality Institute. DELTA’s export activity with several of its product lines is currently spread to several countries in Europe, Middle East and Asia.

Diamonds 85


Cablel Hellenic Cables Group

A leading European producer of reliable and competitive cable solutions

Contact Details e-mail:info@cablel.vionet .gr website:

86 Diamonds

The Cablel Hellenic Cables Group represents the cable production and marketing segment of Viohalco and is one of the largest cable producers in Europe. The Company started its activities in 1950 as a Viohalco plant and in 1973 it was incorporated as an independent subsidiary under the name Hellenic Cables, expanding its production and trade operations. Today, the Cablel Hellenic Cables Group consists of Hellenic Cables S.A. which operates three plants in Viotia, Greece that produce cables, enamelled wires, plastic and elastomer compounds; the Fulgor S.A. plant in Corinth, Greece, which manufactures power cables, submarine cables and copper wires; Icme Ecab S.A., a power and telecommunication cable manufacturer in Bucharest, Romania and Lesco Ltd, a wooden reels and pallets plant in Blagoevgrad, Bulgaria. With a strong export orientation and focus on development of value added products, such as high and extra-high voltage cables and submarine cables, the Group makes significant investments towards enriching its product portfolio and enhancing its sustainability profile. In 2012, the Company completed a EUR over 65 million investment plan for the manufacture of high-voltage submarine cables in Fulgor’s plant. The Company’s wide product range, which is sold internationally under the Cablel® trademark, extends to PVC, EPR and XLPE insulated power cables (rated up to 500kV), marine and low smoke halogen free cables, fire resistant cables, telecommunication, signal and data cables with copper conductors or optical fibres, as well as fire retardant halogen free plastic and elastomer compounds and enamelled wires. Wires and cables are supplied to a variety of international standards, such as VDE, CEI, NF, SEN, BS, UL, NEMA, JIS, ASTM, DIN and ELOT. Many of the Company’s products are certified by ELOT, BASEC, VDE, IMQ, NF-USE, NETWORK RAIL, KEMA, DNV and UL. All Cablel® enamelled wires are manufactured and tested to the IEC 60317-0-1 standard; customers may also request any other recognised international standard. Technical know-how is combined with continued investment in state-of-the-art machinery to ensure levels of efficiency and quality which meet the strictest standards. The Company’s Quality Management System is certified to ISO 9001:2008, its Environmental Management System to ISO 14001:2004 and its Occupational Health and Safety to OHSAS 18001:2007. Commitment to quality and sustainable development has been a key factor in enabling Cablel Hellenic Cables Group to

establish a strong market position internationally. The Company’s highly experienced technical and managerial staff have a strong commitment to technological excellence and outstanding quality, which ensures that users of Cablel® products have made a reliable choice. The Cablel Hellenic Cables Group aims to constantly improve its offering and respond swiftly to changes in customer needs around the world with reliable, safe products, based on environmentally-friendly technologies. At the same time, the Group places strong emphasis on the development of its people and the creation of value for its shareholders, partners and the communities in which it operates. Looking ahead, the Group plans additional investments in technology and innovative cable solutions as a way of contributing to the creation of a sustainable future for its stakeholders. Cablel Hellenic Cables Group product range ● Power cables ● Indoor installation cables ● Control cables ● Industrial and outdoor installation cables ● Fire retardant, fire resistant, halogen-free cables ● Medium voltage cables ● High voltage and extra high voltage cables ●C  opper conductors for grounding applications and overhead Cu, Al and ACSR conductors ●S  hip and marine installations fire resistant cables ●C  opper and aluminium rods ● Telecommunications and data transmis-

sion cables

●G  auging and control cables ●C  opper conductor cables:

Conventional telephone cables - Telephone exchange cables - Data transmission cables – High frequency telephone cables ●O  ptic fibre cables (single-mode &multi-mode): Underground dielectric cables, in tubes - Underground dielectric cables, directly buried (steel reinforcement) Underground dielectric cables, featuring rodent protection - Indoor installation LSZH cables (central tube or tight buffered) ●A  erial installation cables (“8”-sized or ADSS) ●S  ignalling & railway signalling cables ● Submarine cables ●M  edium voltage, high


and extra high voltage


●C  omposite

medium voltage, high and extra high voltage cables with integrated optic fibre cables ●O  ptic fibre cables ●U  mbilical cables ●S  ubsea flexible pipes ● Plastic and elastomer ●P  VC-based plastics ●P  olyolefin-based plastics ●E  lastomers


● Enamelled wires ●W  inding wires for electric motors and transformers ●C  opper wires for grounding earthing and canmaking

Applications: Cables are used in: ●B  uildings ●O  utdoor installations and industrial applications ●T  ransmission and distribution networks ● Installations with special requirements ●S  hips and marine applications ●T  elecommunications and data transmission networks ●R  enewable energy sources ● Island - continental system interconnections ●O  ffshore wind park interconnections ●E  namelled wires are used in: ●T  ransformers ●M  otors – generators ●S  mall motors ●R  elays – coils ●S  elf-supporting windings-avoids varnish impregnations ●C  ompounds are used in: ●C  able industry ●P  roduction of soft water pipes ●P  roduction of flexible spiral pipes ●P  roduction of hard flexible pipes for electrical applications ●R  ubber and plastic soles ●F  lexible elastic and plastic profiles

CABLEL HELLENIC CABLES GROUP Year 2015 figures* Key data Amounts in EUR million

Revenue (turnover) Sales outside Greece EBITDA

479.7 282.2 37.0

Investments Market presence in: Sales outside Greece

32.0 55 countries 58.8%

Turnkey solutions Cablel Hellenic Cables Group has the necessary knowhow to develop and offer turnkey solutions that meet specific demands of its customers. The Company provides: ●D  esign and manufacture of products according to customer requirements and project specifications ●P  rovision of special equipment needed for cable connections and termination of cable ends ●T  ransportation and installation of cables at the project site ●C  ivil works required for installation and protection of cables ●T  esting, initial operation and delivery of the system to the customer (commissioning) ●F  ull project management ●C  ustomer staff training in system operation and maintenance ●P  rovision of maintenance / support to the customer

* Cablel Hellenic Cables Group financials are included in Halcor Group 2015 consolidated figures.

Diamonds 87



SANOFI, A GLOBAL LIFE SCIENCES COMPANY Sanofi is a global life sciences company committed to improving access to healthcare and supporting the people we serve throughout the continuum of care. From prevention to treatment, Sanofi transforms scientific innovation into healthcare solutions, in human vaccines, rare diseases, multiple sclerosis, oncology, immunology, infectious diseases, diabetes and cardiovascular solutions and consumer healthcare. More than 110,000 people at Sanofi are dedicated to make a difference on patients’ daily life, wherever they live and enable them to enjoy a healthier life. Medicine has made great progress in the last century. The average life expectancy of people worldwide has doubled in that time, thanks in large measure to the development of innovative treatments for serious diseases. At Sanofi, we have a clear and resolute line for action: to contribute to the continuous advancement of health. As a company, and as individuals, Sanofi and its talented employees have always striven to advance the cause of health by developing treatments that prevent and treat diseases, while enhancing access to healthcare for the people around the world. The expertise we have developed along the way has had a profound effect, particularly in the developing world. We have developed the first vaccine for the dengue virus, which infects 390 million people each year, and whose range is expanding due to climate change. Since the beginning of the year, first vaccinations campaigns have started in the Philippines. Thanks to systematic vaccination campaigns, we are close to eradicating polio; while over the last decade, sleeping sickness treatments have saved more than 180,000 lives. In addition, we provide innovative treatments for global killers like diabetes and cardiovascular diseases. Yet, there is much to be accomplished. A third of the world’s population still has no access to healthcare. And providing health products and services is just one part of the solution to tackle health inequalities that threat human development. As a responsible leader, we must adapt the way we operate to meet our commitment to health.

Contact Details Syngrou Avenue 348, Building Α, 17674, Kallithea, Athens, Attica Tel.: +30 210 9001600 Fax: +30 210 9249129 Website:

88 Diamonds

We also must continue to uncover innovations to be shared widely among those in need. To do so, we know that the solution will emerge by listening to our stakeholders, and with a collaborative approach. For that, we partner with the Bill & Melinda Gates Foundation, the GAVI Alliance and the World Health Organization, amongst others. Finally, our commitment to health goes beyond medicine, in part through our corporate responsibility approach and our dedication to make a real difference in the lives of people every day. Sanofi, a global healthcare leader, discovers, develops and distributes therapeutic solutions focused on patients’ needs. Sanofi is organized into five global business units: Diabetes and Cardiovascular, General Medicines and Emerging Markets, Sanofi Genzyme, Sanofi Pasteur and Merial. Sanofi is listed in Paris (EURONEXT: SAN) and in New York (NYSE: SNY).


Diamonds 89



Representing Volkswagen with 47 authorized Volkswagen dealers

Steven Sirtis, General Manager at KOSMOCAR S.A.

Contact details 566-568 Vouliagmenis Av. 164 52 Argyroupoli Tel. 210 99 81 111 Fax: 210 99 81 130 E-mail: Website:

90 Diamonds

KOSMOCAR, established in 1970, is the official importer and distributor of Volkswagen and Audi automobiles in Greece. During these years the firm has managed to carve out a successful track record in the Greek automotive market, creating a sense of security and confidence to customers of the popular Volkswagen and Audi automobiles. It was also the first importer in the Greek automobile market who developed an authorized integrated dealers’ network (sales, service and spare parts).  This highly successful presence of KOSMOCAR in Greece led to the expansion of its partnership with the VOLKSWAGEN AG Group. In 2006 it took on the representation of Bentley, while in 2008 it was designated as the official Repairer of Lamborghini and was selected to represent Bugatti Automobiles S.A.S. In 2013, KOSMOCAR was delegated to represent Ducati in Greece and Cyprus while in June 2016 Skoda brand was added to KOSMOCAR portfolio. KOSMOCAR philosophy is based on transparency, friendly relations, proper and honest treatment of customers, in conjunction with the highest standards of customer service.  This philosophy, fully in line with Volkswagen brand, has set a successful course in the Greek automotive market, with the great contribution of the network of Authorized Dealers and Service Partners, by creating a strong feeling of reliability and trust to all customers-owners of Volkswagen cars. As a result, KOSMOCAR – Volkswagen was nominated “Importer of the Year 2006” of VOLKSWAGEN AG for Europe. Volkswagen has set its sights on offering the most technologically advanced cars to all drivers, based on its core values for innovation, high-quality and reliability. Volkswagen is present in all key market segments with more than 40 different models and defines the benchmarks in the core segments with its superior vehicles and services. Being one of the most innovative car manufacturers worldwide, Volkswagen was awarded in the AutomotiveINNOVATIONS Award 2016. More specifically, Volkswagen won the first place in the categories “Most Innovative Brand”, “Conventional Drive Systems” and “Car Connectivity” and was named “Most Innovative Automotive Group” for sixth consecutive year. Volkswagen democratizes innovation and consistently places needs of customers at the center of its action. KOSMOCAR is offering Volkswagen Automobiles & Services through a network of 47 sales points and 50 service workshops, covering the whole geographical territory of Greece.


Diamonds 91


Corinth Pipeworks

A leading steel pipe supplier of the global energy industry

Contact Details e-mail: website:

92 Diamonds

Corinth Pipeworks is one of the largest steel pipe manufacturers in Europe with a leading position in the global energy industry. Corinth Pipeworks represents Viohalco’s steel pipes segment and is separately quoted on the Athens Exchange. Corinth Pipeworks began operations in 1969 and has since established itself in the production of medium and large diameter steel pipes for the transmission of oil, gas, and water, as well as the manufacturing of hollow sections for use in building and construction. The company offers reliable and technically sophisticated energy and construction solutions to demanding customers worldwide. Corinth Pipework’s clients include Chevron, BP, BG, Shell, Greek Public Natural Gas Corporation (DEPA), Natural Gas National System Operator S.A. (DESFA), OMV, GRTGAZ, Snam, National Grid, RWE, Spectra Energy, Energy Transfer, Denbury, Kinder Morgan, DCP Midstream, Pioneer pipes, Mammoth pipes, Plain All American, McJunkin, Spartan, EPCO, Enbridge, Wintershall, Cheniere Energy, DNOW, Talisman, STEG, Sonatrach, PDO, OGC, Aramco, Socar, ABB, EDF, TIGF, Saipem, Genesis, Allseas, Subsea 7, etc. Corinth Pipeworks vision is to further reinforce its leading position in the global steel pipe industry, to be acknowledged as a premium manufacturer and reliable solutions provider, to offer a nurturing environment to its employees, to contribute to the development of the local communities and to ensure maximum return for its shareholders. In line with this mandate, the Company maintains a strong focus on quality and innovation to meet or exceed customer expectations, an ongoing commitment to health and safety in the workplace, and a strategy that fully incorporates the principles of sustainable development. Corinth Pipeworks product portfolio Corinth Pipeworks produces high quality steel pipes for oil, gas, CO2, water and slurry pipelines, as well as casing pipes for drilling operations. The Group also produces a wide range of structural hollow sections for the construction sector. Its long history of innovation and ‘one-stop-shop’ integrated services has designated Corinth Pipeworks’ position as one of the world’s top steel pipe suppliers.


The Group’s three main product categories are: ● Line pipes: Manufactured either in the Group’s high frequency induction welding unit (HFW) or the helically submerged arc welding unit (HSAW), the primary uses of line pipes are in oil, gas, CO2 and water transportation networks. A new LSAW/JCOE pipe mill has recently been installed for the manufacture of medium/ large diameter and heavy gauge pipelines, to meet the increasing market demand for offshore and deep offshore pipelines. ● Casing pipes: These high-frequency induction welded pipes (HFW) are used in oil and gas extraction drills. The product range offered for this application has been expanded by the installation of the new LSAW mill. ● Hollow structural sections: Used in the construction sector.

produced by other pipe manufacturers ● Accredited laboratory for raw material and pipe testing, in accordance with ΕΝ/ISO 17025 ● In-house corrosion testing laboratory for sour service applications ● Weld on connector facilities for casing pipes ● Pipe storage ● Supply of pipes or assignment of pipe coating outside the Group’s product portfolio to third party authorised subcontractors, in the context of major project implementation ● Pipe transportation

CORINTH PIPEWORKS GROUP Year 2015 figures Key data Amounts in EUR million

Revenue (turnover) Sales outside Greece EBITDA

Services ● Internal and external coating of pipes

Investments 1998-2015 Market presence in (from 2000): Sales outside Greece

296.2 275.2 26.4 317 40 countries 93%

Diamonds 93


Antonis Chachlakis CEO

Contact details 1st km Koropiou-Varis Ave. & Dimokritou St., 19400 Koropi, Attica, Greece Tel: +30 210 6624280 Fax: +30 210 6626804 E-mail Website:

14 94 Diamonds

NIREUS Group is the largest producer of Mediterranean fish species worldwide and holds a top ranking position in all of its core business. Since its establishment in 1988, the company is setting the industry standards for category-leading product guidelines, innovation and customer focused solutions. The core business of NIREUS Group is the production and marketing of Mediterranean Seabass, Gilthead Seabream, Meagre and Pagrus, which are available in all product forms: fresh and frozen, whole, gutted, fillets and prepackaged. Furthermore, the Group’s activities include the production of juveniles, fish feed and fish farming equipment, both for own use as well as for trading in a wide range of customers in Greece and abroad. NIREUS, as a vertically integrated producer, controls the entire value chain of all of its products, ensuring that every stage of production complies with the best industry practices. With production facilities in Greece and Spain, the Group owns and operates 4 hatcheries, 3 pre-fattening units, 33 farms, 6 packaging plants, 1 R&D center, 2 fish feed factories, 1 fish processing plant, Proteus S.A., which is an aquaculture equipment manufacturing company and KEGOagri S.A. a company selling feed, equipment, veterinary and hygiene products for aviculture and livestock.


Nireus is among the leading employers, with a headcount of 1.100 employees, contributing to the economic and social sustainability of many local communities. Our people are offered the opportunity to work in a business environment that highly values integrity, health and safety, constant training and motivation. One of the fundamental drivers in our activities is that the future of our industry can be ensured only by operating responsibly. NIREUS adheres to principles of social responsibility and sustainability and has received the Management Award for Sustainable Development. The company is also certified by ISO 9001: 2008, ISO 14001: 2004, ISO 22000: 2005, BRC and the Global GAP standards. NIREUS’ extensive sales and logistics network markets and delivers 1.5 million high quality fish every week, meeting the nutritional dietary needs of consumers in more than 40 countries. Leading food retailers, distributors, processors and farmers are capturing the growing market demand for healthy and sustainable food with NIREUS products. In 2015, the Group’s revenues reached €185.4 million with exports amounting to 81% of sales (€149.6 million) and an EBITDA of €34.3million.

15 Diamonds 95



The WORLD of OLIVING Creta Farms, a Greek company founded in 1970 in Crete, is today the largest meat product producer in Greece being the leader of the deli meats market. Having two large production facilities and high-quality livestock farms, it has become the biggest pork producer in the country. The company’s competitive advantage comes from the innovation it has brought into the food sector, selecting prime-quality meat and replacing animal fat with extra virgin olive oil in its natural form, thus ensuring higher nutritional value and exceptional, rich taste. Since 2001, Creta Farms has registered 17 patents producing innovation, high dietary value products with the “En Elladi” brand in Greece and the “Oliving” brand in international markets. Creta Farms aims to lead in the global trend towards healthy nutrition, producing innovative products that reinforce the profile of Greek businesses worldwide. “Oliving” is a new way of living which thanks to the goodness of olive oil, is placed at the heart of everyday nutrition. Olive oil, the Greek treasure, the “liquid gold” as Homer used to call it, the main ingredient of Mediterranean diet - worldwide acclaimed for its rich taste and high nutritional value – is today the basis of our Internationally patented method to create one-of-a-kind, world class quality food products with delicious gourmet flavor & healthier profile under low total fat and saturated fat levels. Combining innovation with tradition, technology with the values of a balanced diet and the wealth of our land, the world of “Oliving” will become the step to a tasty, healthier lifestyle. Innovation is an integral part of the company’s DNA. In 2015, Creta Farms launched the first fresh meat protein snack globally. Significantly contributing to the rapid growth of Creta Farms in the international arena, this unique protein snack and its patented production process is a celebration of the value of simplicity of “Oliving” helping the company to become from a charcuterie to a food company. Working with passion and devotion leads Creta Farms along a path of development that has taken it beyond the Greek borders. Annual turnover exceeds EUR 100 million with an EBITDA margin above 10%, while its efforts are supported by more than 700 employees.

Contact Details 23th km of National Road Athens – Lamia, 14568, Kryoneri, Attica Tel.: +30 210 6260000 Fax: +30 210 6221200 Website:

96 Diamonds


Καταπολεμώντας τα σοβαρά νοσήματα Στην Bristol-Myers Squibb η δέσμευσή μας να αναπτύξουμε καινοτόμα φάρμακα είναι το ίδιο δυνατή με τη θέληση των ασθενών να καταπολεμήσουν τα σοβαρά νοσήματα.

• Καρκίνος • Καρδιαγγειακά Νοσήματα • HIV/AIDS • Ηπατίτιδα • Νοσήματα του Ανοσοποιητικού • Νοσήματα του Συνδετικού Ιστού • Ανοσο-Ογκολογία


Οι ερευνητές μας εργάζονται καθημερινά για να ανακαλύψουν τις μελλοντικές θεραπείες σε ποικίλους θεραπευτικούς τομείς όπως:

Diamonds 97


Fitco S.A.

A leading Greek copper alloy producer with significant international presence Fitco is a subsidiary of the Halcor Group, that constitutes copper processing and marketing segment of Viohalco and a leader in the Greek copper alloy market. With experience spanning more than thirty-five years, the Company invests in research and innovative technologies, aiming to stay ahead of the competition in terms of productivity, product innovation and quality. Fitco employs a certified Quality Management System in accordance with ISO 9001:2008 and its products conform to the main European and US quality standards (EN, DIN, BS, NF and ASTM). Committed to sustainable development and environmental protection, Fitco employs certified systems in accordance with the Environmental Management System (ISO 14001:2004) and the Occupational Health and Safety Management System (OHSAS 18001:2007). Fitco has significant international presence, exporting approximately 80% of its production, and provides exceptional support for its products, which are distributed to more than fifty countries worldwide. The Company focuses on responding reliably and rapidly to changes in demand with the aim of achieving total customer satisfaction. Fitco product range ●S  olid and hollow brass bars (round, squared or hexagonal)

Contact details e-mail: website:

Key data

●B  rass sections

●B  rass tubes

●B  rass Flats

●C  opper

●B  rass wire

Fitco S.A. Year 2015 figures* Amounts in EUR thousand

Revenue (turnover) Sales outside Greece EBITDA

63,402 54,434 -738.7

Investments Market presence in: Sales outside Greece

0.7 25 countries 83%

*Fitco S.A. financials are included in Halcor Group 2015 consolidated figures.

98 Diamonds

alloy wire and net for fish farm cages



PORTUGAL, Rio Marao, 41˚15´43.00 N 8˚1´31.20 W Coated Surface: 100.000m2

Diamonds 99



Major dairy industry player operating from geographical fringe In 1963, a group of livestock farmers devoted to their work and true to their homeland tradition in Rodopi, Greece’s northeastern fringe, launched, informally at first and more organized over time, what grew to become the Rodopi traditional Dairy. Nowadays in the virgin land of Rodopi more than 700 families of farmers produce for generations the exquisite Rodopi milk. For these people milk stands above all! Rodopi is based on a company-owned plot of land with production facilities corresponding to 11.532,34 square meters, on 3rd kilometer of the Xanthi-Lagos national highway. The Dairy’s production machinery has been provided by firms internationally renowned for their new and highlevel technology and quality, such as Tetra Pak, Alfa Laval. At present, the Dairy employs 86 persons on a full-time basis. Top quality and safety are the objectives of all employed at the firm. The advanced technological level of machinery used by the firm these days demands a highly trained team of employees, while also requiring and ensuring on-the-job training. The firm includes pure milk and other traditional dairy products. More specifically, the firm produces fresh and highly pasteurized milk, as well as long-life milk, goat milk, organic milk, chocolate-flavored milk, milk cream, fruit juices, traditional yogurts, Greek authentic strained yogurt, feta cheese, a white local cheese and a variety of other white and yellow cheeses. In 2008, Rodopi was acquired by the TYRAS group, run by the Sarantis family. In 2015, the group posted sales of 303,866,000 euro. In 2015 Rodopi merged together with Olympοs and they established “Greek Dairies S.A”. In 2015 Greek Dairies S.A. posted sales of 188.475.823 euro and net pretax profit 15.647.556 euro.

Contact Details 3rd km Xanthi-Lagos National Highway 67100, Xanthi Tel.: 25410-26525, 22347 Website: Email:

100 Diamonds


Diamonds 101


Takeda Hellas SA

Takeda Hellas - Advancing Healthcare Together

Dimitris Papageorgiou, Commercial Head Greece & Head of Strategic Projects MCO Balkans

Contact Details Kiffisias Avenue 44, 15125, Maroussi, Athens, Attica Tel.: +30 210 6387800 Fax: +30 210 6387801 Website:

102 Diamonds

Takeda has a long corporate history of 235 years and is one of the most successful companies in the pharmaceutical industry. Its corporate philosophy of “Takeda-ism” (Integrity, Fairness, Honesty and Perseverance), as well as its mission to “strive towards better health for people worldwide through leading innovation in medicine”, forms the basis for all the daily business aspects and activities. Since 2008, the Takeda Group has targeted in its global expansion, aiming to become one of the largest global players in the Specialty Care and today consists of 165 companies. In Greece, Takeda Hellas has been operating for more than four years, focusing more on specific therapeutic areas such as Oncology and Gastroenterology. Recently, Takeda made Athens the hub of the Balkan market and Greece the central management basis for the other four Balkan countries (Bulgaria, Romania, Serbia, Bosnia and Herzegovina). With this decision, Takeda is stating its support to Greece, a country with a great history and culture, strategic geographical position and significant growth potential despite the difficult conjuncture and to the qualified executives of Takeda Hellas. Takeda Hellas is implementing the European Takeda strategy for specialization in IBD and Oncology, as well as the production and distribution of specific new innovative products which improve the quality of life, especially of patients with cancer and idiopathic inflammatory disease. In this context, Takeda Hellas has proceeded in strategic partnerships, with a view to exchange expertise and to improve patient access to innovative medicines. The development of people within the organization, their passion to learn and contribute more and the implementation of business innovation across all spectrums of activities, have led Takeda MCO Balkans to win the bronze prize for the project “KAM Academy” in HR Excellence awards 2016. Moreover, Takeda Hellas shows its social profile by supporting vulnerable social groups, promoting health, physical activities and environmental protection by collecting clothes and medicines for refugees, offering medicines and funds at patient organizations, participating in recycling programs, participating in professional workshops for medical students, sponsoring health events, such as the 1st Charity Road Race, organized by the Central Union of Municipalities of Greece (KEDE).


Diamonds 103



30 Years of designing and delivering the most innovative specialty products in all fields we are active in

Mrs. Efthalia Soultou, President and CEO

Contact Details 38 Sorou St., 151 25 Maroussi, Attica, Greece Tel.: +30 210 6109090 FAX: +30 210 6108748 E-mail: Website:

104 Diamonds

Rontis Hellas SA, the Greek subsidiary of the multinational specialty corporation, was established in Greece in 1986 by a group of leading professionals with a lengthy experience in the wider healthcare sector and a vision to provide the most innovative & trustworthy solutions to the market, aiming to become an international leader in the global healthcare industry. During its initial steps, the company collaborated closely with renowned manufacturers of the international medical device industry in order to distribute their products and introduce their technologies in markets that lacked the appropriate knowhow, efficient logistics & supply chain. In the years that followed, Rontis made the strategic decision to expand its operations from distribution to in-house production of medical devices. Along these lines, it invested heavily in two manufacturing plants and managed within a short time frame to build a brand name associated to innovation and credibility. The entrance in the Infant Nutrition & Consumer Healthcare markets was another mile-stone in the company’s expansion of activities, which set the stage for a subsequent transition from distribution to production of infant & baby nutrition and dermaceutical products. Rontis Hellas SA has recently taken another key decision to expand its production activities in the pharmaceutical sector and therefore invested 25million Euros in the establishment of a separate state-of-the-art manufacturing plant, which was followed by the establishment of an in-house pharmaceutical R&D laboratory. From its establishment back in year 1986 until today, Rontis has managed to steadily expand its operations with calculated steps in multiple sectors of the healthcare field and reach a leading & diversified position, while simultaneously offering an improved quality of life to millions of patients. Currently, Rontis Hellas is active across five business divisions: ● Medical Devices Division, whose core pillars include the complete medical device inception, R&D and manufacturing processes ● Pharmaceutical Division, which aside the contract manufacturing capabilities it includes the state of the art R&D lab as well as out-licensing activities


● Infant & Baby Nutrition Division, which captures a 16-year long expertise in the specific field and produces some of the most innovative solutions that accommodate the needs of the most demanding healthcare professionals and parents. ● Consumer Healthcare Division, which promotes Rontis OTC products in the Infant and Adult Dermaceutical, the Oral care, the Pain Relief, the Children Food supplements and the Upper respiratory system fields. ● Healthcare Services Division, which includes Haemodialysis services provided in the Group’s clinics. Rontis Corporation is proudly represented directly or through affiliated companies in 58 countries with the most recent one being the USA, where Rontis just obtained FDA clearance for an innovative medical device in the interventional radiology field, which presents a unique combination of key characteristics! Rontis organization is committed to expanding its pipeline actively – for this reason we are investing on average more than 6.5% of our annual turnover over the last four years towards research and development activities. At a country level, Rontis Hellas is one of the most active and reliable players in the Greek Healthcare industry by investing heavily in infrastructure as the company operates 2 manufacturing plants, 2 R&D centers and 1 HD Clinic. Over the years, Rontis Hellas has reached a leadership position amongst the suppliers of the Greek public and private healthcare sector. Rontis’ brand name is particularly familiar to the Greek Medical community (physicians, nurses & hospital management) for its credible supply and leadership position in the field of orthopaedics, bloodlines and blood transfusion. Rontis Hellas has built strong expertise and is being recognized for the distribution of orthopaedic implants (including trauma, arthroplasty & sports medicine), general surgery disposables as well as capital equipment that captures the latest technology available internationally. Over the years we have built a strong track record of supplying quality bloodline products, that are manufactured and sterilized in-house and distributed to the majority of the Greek haemodialysis clinics. Last but not least, Rontis is one of the primary players in Greece in the field of providing blood processing technology to blood banks, hospitals and therapeutic applications, while most recently we have expanded our presence in the blood bag market segment. At Rontis we are deeply committed to give back to society and vulnerable groups. We aim to lead, through our social activities, the area of corporate responsibility in order to contribute in our way to building a “social culture”, with a focus on our fellow human beings.

Diamonds 105



‘Love for aluminium. Persistence and Commitment to the goal. Insight of the Future Market. ‘ Dimitrios Tzikas President & C.E.O.

Contact Details Industrial Park Of Ag. Panteleimonas, 61100 Kilkis Tel.: +30 23410 39500 Fax: +30 23410 64173 E-mail: Website:

106 Diamonds

Based on those 3 principles, in the year 1990, Mr. Dimitrios and Mrs. Maria Tzika established ELVIAL SA. A flexible aluminium extrusion industry focused on providing custom made solutions in aluminium profiles. 1997: the Research and Development Department is being created in order to design and develop advanced architectural systems. 2003: is the beggining of a new era for ELVIAL SA. A long-term investment plan is initiated, of over 50 mill. Euros, which involves the relocation of ELVIAL in new facilities with cutting-edge mechanical equipment and the application –for the first time globally- of intelligent robotic systems in managing and handling of aluminum profiles. The objective of this investment plan was the improvement of company’s competitiveness in global ranking and the increase of flexibility in delivering a large number of small sized orders. ELVIAL evolves from an intermediate and geographically limited enterprise, in a modern, technologically advanced, vertically integrated, client oriented and without borders company. ELVIAL today, in a privately-owned space of 180 acres, in the Industrial Park of St. Panteleimon Kilkis, it allocates more than 35.000m2 of buildings and has annual capacity of 14.000TN aluminium profiles, which from 2015 has been covered completely. In 2016, ELVIAL begins a new investment plan – once again in Greece – aiming to increase its production capacity at 20.000 TN annually, the implementation of new logistics robotic technologies and the doubling of the production capacity of the Machining Business.   PERSISTENCE ON INNOVATION  The continuous upgrade of the range of offered products constitutes permanent pursuit and purpose for ELVIAL. The specific difference however, is that ELVIAL offers modern solutions and ben-


efits to its direct partners and to the final consumers, with products which are supported exceptionally throughout the whole supply chain: production - technical support - final application - end use. In 2004, ELVIAL is the first company that launches in the market the Advanced Architectural Systems ELVIAL MULTILOCK, which offer to the final consumer all the benefits of aluminium but with enhanced burglar resistance, having up to 21 perimeter locking points, safety glazing bead and burglar resistance even in the tilt & turn position. ELVIAL received International Patent in 27 countries for the ELVIAL MULTILOCK Systems,.  In 2015 ELVIAL launches the ELVIAL XCLUSIVE systems, which correspond to high standard needs for the highest Energy Performance and combined with their elegant design render them ideal for Architects, Engineers as well as for the final consumers who wish to live in a high quality environment.   I2: INNOVATIVE INSULATION TECHNOLOGY   ELVIAL I2 Technology derived after a thorough and continuing research, referring to the application of an insulating material, thoroughly designed for ELVIAL, with very low thermal conductivity λ=0,023W/mK, which covers completely the intermediate chamber of profiles. ELVIAL I2 Technology provides total cover of the thermal brake chamber, having the optimum destiny that ensures excellent isothermal flow of the Aluminium System which may improved up to 38%. PERSISTENCE ON QUALITY ELVIAL ‘s suppliers are selected with the strictest standards. In this context, ELVIAL concludes long term cooperations with world wide companies, developing together new materials which improve the product features.   A Total Quality System (TQM) is applied in all production process, including quality control laboratories at each stage of the production, providing, also all the necessary Production Quality Certifications.    INTERNATIONAL ORIENTATION In an exceptionally unfavorable environment, ELVIAL achieved to increase its market share in the Greek Territory, to 18% in the year 2015 from 8,1% in 2008. Simultaneously, ELVIAL has developed even more its extrovert profile and penetrated the demanding Central and West Europe markets mainly in the sector of high end industrial custom made products. Currently, ELVIAL exports to 24 countries which constitutes over the 65% of its sales, while it is anticipated that in the next 3 years, ELVIAL’s exports will exceed 80% of its total turnover.

Diamonds 107


Aegean Marine Petroleum

Despite lower oil prices, the company’s profits have increased and it has been able to exploit the disappearance of OW Bunker

Dimitris Melissanidis

Contact Details 10, Akti Kondili, Piraeus, Greece, 185 45 Tel: (+30) 210 4586000 Fax: (+30) 210 4586242 Email: Website:

108 Diamonds

AEGEAN Marine Petroleum Network, the publicly-listed international marine fuel supplier arm of Dimitris Melissanidis’ Aegean Group has been on the up lately. Despite lower oil prices, profits have increased and the company has been able to exploit the disappearance of OW Bunker, by stepping in and expanding the reach of its business in locations such as the US Gulf and west coast, Hamburg and St Petersburg. The demise of OW, mainly an intermediary, will benefit physical suppliers and AMPNI is the largest independent physical supplier in the world, not counting oil majors and state energy companies, with the largest fleet of dedicated bunkering tankers — 63 of them in about 15 different markets around the globe. Altogether, the company says it physically serves 27 markets and 60 delivery ports. Recently, it has been rebalancing its mix of products where it can to emphasise higher return products such as low-sulphur fuels and blended finished products. It has also expanded to include cargo sales, a potential new low-cost revenue stream for the company. A key element in Aegean’s capacity, its new Fujairah Oil Terminal tank farm with about 465,000 cu m of storage, was completed in 2015 and by the third quarter was at more than 85% of capacity. Founder Mr Melissanidis, who is the company’s largest shareholder, is also active in the energy and shipping markets with a number of private ventures including tanker company Aegean Shipping Management, led by son George Melissanidis. He is also expanding the group’s environmental services footprint under Hellenic Environmental Centre, which provides oily residue collection from ships and offshore platforms, and treatment services. In 2015, HEC Europe took over the environmental protection business of Germany’s Eckelmann Group, including an important waste treatment plant in the centre of Hamburg port, land-based reception facilities, floating units for collection of liquid waste, tanks, industrial cleaning services and Marpol logistics. HEC also recently opened its new state-of-the-art collection centre in Piraeus. Melissanidis-controlled company Oil One acquired the former BP terminal in 2012 and it has now been reconstructed at a cost of €60m ($66m) as a reception and treatment centre. Mr Melissanidis plans to expand in other locations using the plant as a model for further collection and treatment plants. Mr Melissanidis was listed in the Top 100 in 2014, 2013 and 2012.


Diamonds 109


Yannidis Group Constantine Yannidis, President

Celebrating 84 years Protecting and Decorating Buildings Yannidis Group consists of four companies today, VITEX in architectural paints production and sales, Hermes in waterproofing materials and chemicals, VitexTherm in external thermal insulation composite systems (ETICS) and Eumaria in yacht paints. The group activities started back in 1932 in Piraeus-Athens (Greece).

Contact Details P.O Box 139, Imeros Topos, GR 19300 Aspropyrgos Tel. : +30 210 5589500 Fax : +30 210 4835007 E-mail: Website:

110 Diamonds

In 1960 the company expanded its business to the production of paints and varnishes. VITEX brand was born! It was the company’s first product in this industry. The company then was named ERMICHROM and VITEX was at the time a pioneering plastic paint color. Today the group has operations in different parts of Greece and the neighboring Balkan States of Serbia, Bulgaria and Romania. The Group consists of 215 employees in sales, production, exports, marketing, quality control, product safety and research. It is one of the biggest of its kind in Greece and has been the recipient of a significant number of prestigious awards. VITEX is the largest Greek manufacturing company concerning decorative paints in terms of sales and production. Headquarters of the group are located in the latest industrial site of Aspropyrgos (finalized in 2008), near Athens. The production sites and buildings of the group are company owned sites, a sign of the high capitalisation of the group. The facilities host two individual production units, a logistics center, new R&D lab and group’s headquarters. On this production site,


we have set high standards in terms of productivity, technology, health safety and environmental performance. During the past decade a substantial investment in modernizing the production included the establishment of a state-of-the-art color production plant for VITEX paints. This made the group strong and flexible to face off the challenges presented by a continuously changing business environment. Believing in the potential of penetrating more markets, the group has drawn up an action plan for the expansion of the company in several countries, in an effort to make their Greek trade mark internationally known. Our brand “VITEX” is very well known in the professional and DIY markets. After focusing in the expansion to neighbor countries like Serbia, Bulgaria and Romania, the group is now aiming to use the positive experience gained and the available production capacity to expand to other countries, although we are already exporting to Albania, Georgia, Russia, Cyprus, India, and recently to the Czech Republic, Canada, Belgium and other countries. VITEX has also launched its Colorfull system, installed throughout its partner’s network aiming to answer all customer needs regarding colors and shades, for immediate delivery, through a computer-assisted procedure and with the use of specialized equipment. VITEX fulfils the commitment and adopts high occupational standards in health and safety processes according to the triple standard of Quality, Environment and Health & Safety (ISO 9001/14001/18001). Targeting the development and application of efficient Management Systems in a combined form and a common manual VITEX expands the ISO 9001:2008 (Quality) and ISO 14001:2004 (Environmental) to OHSAS 18001:2007 (Health & Safety). Also, all products and production are fully harmonized with the corresponding European Legislation.

Diamonds 111



Your best friend’s best friend Pet City Group is a family owned business founded in 1988. Until 1995 the company operated as wholesaler by importing and distributing pet products to more than 1.200 pet stores in Greece. However, in 1996 the interest of the owner turned to retailing. Since then, the company managed to become the leading specialty retailer of services and solutions for the lifetime needs of pets in Greece. There are currently 50 company owned stores – plus 6 that are under construction - in the area of Attica with 30.000m2 benefit sales area. Pet City’s success is in large part due to the almost 500 employees. Pet City Group’s headquarters and logistics occupy 4.000m2 in the eastern suburbs of Athens. The large warehouses keep all products safe and secure so they can be distributed to Pet City’s network of stores in excellent condition. Pet City’s Stores are stocked with over 20.000 products, including top of the line brands, with hundreds of items exclusively in Pet City. Live animals are imported, including kittens, birds, parrots, hamsters, rabbits, ferrets, guinea pigs, reptiles and around 1.500 puppies annually. Thousands of fish can be found in the nearly 2.000 professional aquariums between the stores, with additional fish imported from Singapore. Care is provided by Pet City’s staff of 45 expert ichthyologists, who are available to customers for professional advice. Pet City’s activities also include pet grooming run by specialists. The largest stores offer expert veterinarian care. The company owns a Veterinarian Center in Glyfada, which is equipped with the latest medical facilities, providing a full range of health care and emergency services. Pet City has also constructed an e-shop offering high-quality product at reasonable prices.

Contact Details 44, Lavriou Ave, P.O. 19400 Koropi, Athens Greece Tel: 0030 2106644761 Fax: 0030 2106644762 Website: Email:

112 Diamonds


Diamonds 113


Greek Wine Cellars S.A. The No. 1 Greek wine production company

Exporting to more than 30 countries all over the world “Greek Wine Cellars - D. Kourtakis S.A.” was established in 1895 by Vassilis Kourtakis (1865 - 1946), the first Greek oenologist in contemporary Greece with degree in oenology. In the late 1960’s, Vassilis Kourtakis, the third generation of the Kourtakis family and today’s Chairman and Managing Director of “Greek Wine Cellars – D. Kourtakis S.A.”, took over the company’s reins. His entry into the company was accompanied by fresh ideas, youthful drive, and plans to conquer new markets outside Greece. In the mid-1980’s Vassilis Kourtakis created a state-of-the-art winery in Ritsona, Viotia. The company adopted cutting-edge winemaking methods and engaged in the production of a new range of non-resinated wines. In 1985, the company launched its Apelia range.

Vasilis Kourtakis – President and CEO

In 1992, due to rapid pace of growth of the export, occurred the need to expand its wine portfolio, thus it led the company to collaboration with Calliga winery. “Greek Wine Cellars” would take over both the production and sales of the Calliga products in Greece and abroad, thus adding a premium quality range of wines to its own portfolio. The thrive of exports expanded over 32 countries around the world. In 2000 exports accounted for nearly half of the company’s annual turnover. Rapidly the “Greek Wine Cellars” expanded; through strategic and carefully planned collaborations. In 2004, the company bought 50% of the share capital of “Oenoforos S.A.”, consequently selling the “boutique” wines of the noted and respected winemaker, Angelos Rouvalis. ●  In late 2009 “Greek Wine Cellars” began a co-operation with the group “Grands Chais de France” to distribute the GCF products in Greece. Subsequently, “Greek Wine Cellars” added to its product range a renowned selection of imported wines, that were previously entirely absent, thereby complementing the company’s own portfolio of Greek wines. ●  In 2010, “Greek Wine Cellars” became the sole distributor of the Babatzim products in both Greece and abroad. Anestis Babatzimopoulos is a gifted winemaker and distiller who on his estate at Ossa, near Thessaloniki, produces the famous ouzo and tsipouro that have rightfully earned him the title of “master of distillation”. ●  Through this latest commercial partnership the wine choices of this noted vineyard in Macedonia have been added to the “Greek Wine Cellars’” wine portfolio. Also the company has entered the spirits business, selling and distributing the premium Greek distillations of ouzo and tsipouro from Babatzim. ●

Contact details 20 Anapafseos St., 19003 MARKOPOULO, Attica, GREECE Contact phones: Tel.: +30 22990 – 22231 Fax: +30 22990 – 23301 Email: Website: http://www.greek-wine-cellars. com

114 Diamonds

The latest successful deal was concluded in March 2016. “Greek Wine Cellars” became the sole distributor of UNION OF VINICULTURAL COOPERATIVES OF SAMOS (EOSS)’s products. The production of Samos’ wines, crops a wine that is unique in taste and quality. The selection of sweet and dry wines contains all flavor peculiarities due to their cultivation at altitude terraces of Samos’ island. Thus, the outcome of this collaboration makes “Greek Wine Cellars” the greatest ambassador of Greek wines in the world market.


Diamonds 115


116 Diamonds


Diamonds 117



“An unending story of the legend Greek Retsina Malamatina” All started in 1860 when Efstratios Malamatinas started to make wine on his own vineyard on the island of Tenedos. His son Konstantinos who inherited his father’s love, passion for good wine continued his legacy and founded the Family’s first winery in 1895 in Alexandroupolis with the name “Tenedos”. Retsina Malamatina is the most renowned white Resinated Wine. An authentic Greek wine. Ιt is made exclusively out of the Greek grape varieties Savatiano and Rhoditis. Ιs an ancient Greek recipe and is thus protected as Greek heritage, meaning that it cannot be produced anywhere else in the world. Vinification complies to the white wine-making method by selecting only the “flower must” from the grapes to achieve the wine’s unique color, aroma, flavor and quality. The addition of a small amount of pine resin during fermentation, provides the distinctive ‹retsina› flavor. At the same time, it allows the fruity aromas of these varietals to emerge and gives a pleasurably remaining flavor of acidity and along long – lasting enjoyment. The quality of Retsina Malamatina is assured by the state-of-the-art winery facilities, which are fully automated with mechanical equipment of the latest technology. We are the largest wine-producers in Greece, and we are also certainly one of the biggest wineproducing companies in Europe. Our facilities have the capacity to produce 30.000 bottles per hour, as there is on average, a daily consumption of 300,000 bottles per day. It is more than safe to say that we have the largest share of the market in Greece and our established brand has become synonymous to the product. We are exporting almost all over the world, expanding the legend “Retsina Malamatina” from Europe to Australia. Our brand has become historic in our culture and our yearly growth is evidence of this. 

Contact Details Kalochori, Thessaloniki, PO Box 10940, 541 10 Tel.: +30.2310.752.324 Fax: +30.2310.752.736 E-mail: Website:

118 Diamonds

Our brand philosophy focuses on excellent quality at a very competitive price. This is the reason for our long running success, it is a product of mass production and mass consumption, a product considered to belong to the people !


Diamonds 119


Diamonds 121




Redefining Frozen Dough & Pastry Products IONIKI, for 23 years now, is one of the most important vertically organized production units of frozen dough and pastry products in Greece, holding a leading position at Ho.Re.Ca as well as Retail and Private label segments. Furthermore, Ioniki’s products are present through established distributors in super markets and food service customers in Europe, Australia, USA, Canada and Middle East. Ioniki is expanding by transforming export sales to long term win-win collaborations in countries of Northern Europe and Middle East. Quality. Innovation. People. These are the three main values behind Ioniki’s success and solid financial position. Even from the very beginning, when Ioniki was just a small family business, it’s team was in a continuous quest for new ideas, establishing the fundamental basis for Ioniki’s evolution. Company’s strategy is to continually update the product range and to identify on time the needs and desires of the final consumer- customer. The production of innovating products that follows the latest trends by our specially trained R&D Department is one of our primary goals. Company’s purpose is to ensure the quality of its products, as well as to unceasingly update our services aiming at an excellent customer service in Greece and abroad. Ioniki’s business practices as well as the innovative sparkle of our products have been awarded in international competitions: European Business awards: National Champion Gulfood Awards: Two products among the top three entries for their ingenuity in the MENA region Sial Selection: “Filo mini rolls dolmades” were awarded in the consumed goods category, among 1002 nominees PLMA awards: Distinction for unique packaging All of the Company’s procedures are certified according to: ISO 22000:2005, IFS (Higher Level) and BRC. IONIKI never ceases to invest in equipment and technology with primary objective building consumer’s trust. Substantial investment plan is on process. We are committed to the value of placing people first, our staff, our clients and of course consumers worldwide.

Contact Details 1st km Neochorouda Oreokastro P.C. 54500, Thessaloniki, P.O. box 192 – IONIA TEL.: +30 2310 788120, 788372 FAX: +30 2310778225 Email: Website:

122 Diamonds


Diamonds 123


ΕZΑ protypos hellenic brewery

New Beer, New Quality

Athanasios Syrianos

Contact Details Olympou 3, 151 23, Nea Filothei Amarousiou, Τel.: +30 210 6898 520 Fax: +30 210 6898525

124 Diamonds

Brewery εzα protypos hellenic brewery is an ertirely Greek company, which actively contributes to the decentralised development of the economy of Greece. It was established in 1989 as an homonymous subsidiary company of a German group, the beer brand of which was launched in Greece in 1980. In 1988, the German parent company undertook the development of its brand in Greece and a year later it acquired its plant at Atalanti. Right after, the company was reconstructed and renamed as Hellenic Breweries of Atalanti S.A. (ΕΖΑ). In 1998 the Greek businessmen participating in the company began to buy out te shares of the German company and in 2003 the procedure was concluded, leading to the complete localization of ownership. In order to achieve financing of its development strategy εzα protypos hellenic brewery proceeded in 2013 to an increase of its capital stock, with the participation of the strategic investor DAMMA HOLDINGS S.A. (investment firm of D. Daskalopoulos). Having increased its capital, the company’s management commited itself to the implementation of an ambitious, while realistic development strategy, with the essential vision to concentrate Greek brand names in the wider area of beer, soft drinks and bottled water markets, under a common shareholding structure with a distinct presence in Greek and foreign markets. Beer Plant εzα protypos hellenic brewery has a modern beer plant of high capacity and more than 100 skilled employees in Atalanti, Fthiotida. The Atalanti plant, located in the centre of Greece, operates in harmony with the natural environmnet using for the beer production the spring water of Parnassos Mountain that is of excellent quality and composition. It produces high quality malt product using as raw materials chosen varieties of summer Scarlett and Prestige barleys and aromatic hops from Hallertau, Bavaria and Saaz, Bohemia. εzα protypos hellenic brewery successfully applies an integrated system of state-of-the-art production and environmental care processes, meeting the ELOT EN ISO standards. The Brands εzα protypos hellenic brewery produces in its private modern plant four excellent products: the new ζ εζα Premium Pilsener, Pils HELLAS, BLUE Island and BERLIN premium lager. Meanwhile, it has developed international marketing of recognised brands, among which Krombacher and Gulden Draak. With its wide range of products, εzα protypos hellenic brewery offers to consumers a wide variety of high quality beers and thus consolidates a complete strategic advantage, quality and service, aiming to the satisfaction of modern consumer’s needs. Innovation εzα protypos hellenic brewery is pioneer in draught beer for beer halls, luxury restaurants and pubs. The company has been very competititve in this type of packaging, investing to the required equipment that it provides to the retailers with loan. Our company successfully collaborates with more than 2,500 stores (hotels, restaurants, café), with impeccable service and high esteemed products. At the same time, it expands its collaboration with Super Market chains for the introduction of private label products, which are distinguished not only for their quality but also for their taste.


Diamonds 125



Sustained double digit growth in the last 4 years

Antonis Efmorfiadis, Chief Executive Officer

Contact details Paster 6, Abelokipi, 11521, Athens, Greece Tel. +3210 6413160 Fax +3210 6445375 E-mail: Website:

126 Diamonds

Medochemie Hellas, which is a subsidiary firm of Medochemie Ltd, is a fast growing, dynamic company in the Greek Generic pharmaceutical area. Medochemie Ltd, a multinational pharmaceuticals firm based in Cyprus develops, licenses, manufactures, markets and distributes branded generic and super-generic pharmaceutical products since 1976. This year Medochemie Ltd celebrates 40 years of successful business activity! Medochemie Ltd has 13 manufacturing plants, it maintains 3,800 marketing authorization licenses for 630 different pharmaceutical products, in over 10 therapeutic categories, which are distributed throughout the world, in more than 100 countries. The business activities of Medochemie Hellas, which employs more than 50 associates, are focused on the areas of generic prescription pharmaceuticals in both hospital and private sector. The firm offers a range of over 30 products mainly in the categories of central neural system, cardiology and pathology. Medochemie Hellas is based in its privately owned premises in Athens center. Vision During 2011, Medochemie went through a massive reform and a vision was formed in which all employees believed and took active part in. That vision is: “Medochemie Hellas will be the fastest growing generic pharmaceutical company in Greece, whilst providing every Greek quality pharmaceutical products and every doctor consistency and consequence”. Values Medochemie Hellas’s values are: ➤ Passion for achievement ➤ Responsibility ➤ Entrepreneurship ➤ Interest for human (society) ➤ Team spirit ➤ Innovation ➤ Focus & Fast action After a remarkable 4 year evolution, Medochemie Hellas was twice awarded a distinction for being: “The fastest growing generic pharmaceutical company in Greece for the past 4 years, struggling in a negative environment.” This was the reward for a remarkable growth, shown below: ➤ Medochemie Hellas: From 34th place in the Greek generic market in 2011, to the 9th place in December 2015 ➤ From a market share of 0,8% in values in 2011, to a market share of 2,2% in December 2015 ➤ Average growth 2011-2015 of 30,9% within a negatively growing market ➤ Medochemie Hellas actual sales in euros : 2010 : 3.300.000 / 2015 : 10.298.000 ➤ So far for 2016 the growth of Medochemie Hellas is 18,9% (IMS Values YTD 04/2016) Social Responsibility Medochemie believes in growth with a human face. As part of this conviction, our company has donated medicines to several organizations, such as “Doctors of the World”, Citizen-run health clinics and pharmacies and Church-run health clinics and pharmacies, as well as the organization “Pharmacists of the world”.


Diamonds 127



ADELCO – over 80 years of manufacturing

Evangelos Colocotronis – CEO of ADELCO SA

Contact Details 37, Pireos Str., 18346 Moschato , Athens, Greece Tel: +30 210 4819311 Fax: +30 210 4816790 E-mail: Website:

128 Diamonds

In 1934, the brothers Homer and Orestis Colocotronis, establish in Moschato, Athens Chromatourgia Athinon E. Colocotroni Bros, which played an important role in the industrial history of modern Greece. From 1950, the company develops its main activities in the pharmaceutical industry. It obtains the name ADELCO and becomes one of the fastest growing Greek industries, immediately gaining appreciation and recognition throughout the medical community, with very strict quality standards, it effectively ensures until today each formulation created. Simultaneously ADELCO opens another dynamic cycle of activities, expanding into the cosmetic industry. In 1950 Adelco introduces OM-OR shampoo, the first shampoo to be produced and marketed in Greece, and also Adelco toothpaste, the first fluoridated toothpaste offered in Greece. During the 1960’s and 1970’s the growth continuous, Adelco becomes one of the largest Greek pharmaceutical companies by creating with its own resources and vertical production, superior quality and widely recognized pharmaceutical products, and leading Brands like Stedon, Filicine, Minitran, Paroticin and Salopyrine and in cosmetics “OM-OR” and “Adelco”. Furthermore, Adelco establishes collaboration with leading European cosmetic manufacturers like: Parke Davis, Le Petti, Daiitchi, Cosmed, Pharmacia, Pfrimmer, Cox, Revlon, Perlier, for representation of their products in Greece. In 1983 ADELCO - CHROMATOURGIA ATHINON E. COLOCOTRONIS BROS. S.A. continues its activities under the direction of Mr. Evangelos Colocotronis, whose belief is that “ high quality is a fundamental value and the principal commitment for a pharmaceutical company such as Adelco.” The company continues its export effort overseas, developing markets in Europe, Africa, the Middle and Far East and China. In 2000, Adelco focuses on modernisation of facilities, purchase of new production machinery, developing new products and expanding activities internationally. The production of specific pharmaceuticals and cosmetic products currently represents the most important activity of Adelco. The company annually produces 4,000,000 formulations of about 45 pharmaceutical products, original and branded generics in unique combinations, covering a wide therapeutic range eg Adeprenal, Linipon, Ponotex, Algine, Acinic, Topepil, Menago, Cardiostyl, Clopadel, Cefacloril The success of the pharmaceutical industry is further enhanced by the dynamic entrance of the company in the beauty and cosmetic market. The products of the new series include Adelco Intense Spa Luxurious Color, offering specialized SPA care and protecting colored hair. The high quality range Adelco Velvet Hand & Body offers velvety softness and natural beauty. The Children’s range Adelco Kids includes products specifically designed for children with gentle compositions and delightful aromas. In ADELCO we believe that the overall quality that we have to offer is as important as the importance of good health. So we strive every day.... aiming at perfection.


Diamonds 129


Sidenor Group

The largest long steel producer in Southeast Europe Contact Details website:

130 Diamonds

Sidenor and its affiliate companies represent the largest long steel producer in Greece and Southeast Europe that meets customer needs worldwide, with steel product solutions that stand out for their excellent quality, high reliability, and innovative features. Following more than five decades of success and growth, they are firmly established in the international markets in which they operate and have built solid business relationships with high profile, global clientele. The key pillars of Sidenor and its affiliate companies’ business excellence include their constant focus on innovation, their consistency in delivering top quality solutions, their high production performance and highly efficient commercial ability. Sidenor and its affiliate companies benefit from full vertical integration and aim to achieve optimal operational efficiency. The companies are focused on the following core activities:


●M  ini-mills ●D  ownstream operations and ●S  ales and distribution

Sidenor and its affiliate companies’ products meet the needs of its most demanding customers in Greece and abroad and stand out for their excellent quality, high reliability and particularly innovative features. Sidenor and its affiliate companies maintain their leading market position through unwavering focus on the non-negotiable quality of its products, the continuous emphasis on innovation and investments in state-of-the-art technological equipment, and a customer-oriented approach to all its activities. Within this framework, a certified Quality Management System complying with the requirements specified in ISO 9001:2008 has been applied. Product range ●S  D integrated reinforcing system: The SD Integrated Concrete Reinforcing System rep-

resents Sidenor’s approach to addressing significant demand for high ductility steel that provides increased protection against earthquakes. The system consists of: SD concrete reinforcing steel, SD stirrup reinforcing mesh, SIDEFIT special mesh, SD wire mesh, SIDEFOR and SIDEFOR PLUS prefabricated stirrup cages, INOMIX steel fibres, and lattice girders. ●M  erchant bars: Sidenor is the sole producer of merchant bars in Greece. Its portfolio of merchant bars consists of: hot-rolled square bars, hot-rolled flat bars of rectangular cross-section, hot-rolled round bars of circular cross-section, hot-rolled equal angle bars with round edges, I-section Beams (IPE), UPN channels. ●W  ire rod: Wire rod of SAE 1006, 1008, 1010 grades, RSt37-2 and electrode quality, in cross sections from Ø 5.5 to Ø 16.0, suitable for a wide range of size reduction applications and in line with all low-carbon wire production needs. ●S  pecial steels: Hot-rolled round bars (diameter: 22-120mm), as well as turned and polished round bars (diameter: 30-115mm) used in the automotive industry and in various industrial applications. ●O  ther products: Double-twist hexagonal mesh (serasanetti), wire products (galvanized and black), welding products, steel balls, special profiles, metallurgical by-products.

Diamonds 131


Piraeus Bank supports businesses serving the real economy Piraeus Bank Group March 2016 Assets

€85.7 bn

Net Loans

€48.9 bn


€37.9 bn

CET-1 ratio*


Branches 701 Employees

19.3 th


5.5 mn * Basel III

Contact details Amerikis 4, 10564, Athens, Attica Τel.: +30 210 3288 830 Fax: +30 210 3335265 Website:

132 Diamonds

Headquartered in Athens, Greece, with approximately 19th employees in 8 countries in Greece and South East Europe, Piraeus Bank Group offers a full range of financial products and services to approximately 6 mn customers. Total assets of the Group amounted to €86 bn, net loans to €49 bn and customer deposits to €38 bn on March 31, 2016. In 2012, Piraeus Bank acquired the “good” part of Agricultural Bank (selected assets and liabilities) and Geniki Bank, a former subsidiary of Societe Generale. In March 2013, Piraeus Bank acquired the Greek banking operations of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank. In June 2013, Piraeus Bank acquired Millennium Bank Greece, a subsidiary of BCP. In April, 2015 Piraeus Bank acquired the carve-out part of Panellinia Bank healthy assets. These transactions comprise important steps towards the restructuring of the Greek banking system,in which Piraeus Bank has participated from the very beginning as a core pillar. In December 2015, Piraeus Bank announced the full coverage of the share capital increase by an amount totaling to €2.6 bn. Furthermore, the Bank issued Contingent Convertible Bonds under the provisions of the Law in favour of the HFSF and the CA 36 / 02.11.2015 for an amount of € 2.0 bn. The Group’s total equity amounted to €10.0 bn at end of March 2016. The Group’s Common Equity Tier-1 ratio (pro-forma for the discontinued operations of Piraeus Bank Cyprus and ATE Insurance) reached 17.6% at the same period, while the fully loaded Basel III Common Equity Tier-1 ratio reached 16.7%. Accordingly, current capital ratios render Piraeus Bank as one of the strongest capitalized banks in Europe. Piraeus Bank possesses particular know-how in the areas of medium-sized and small enterprises, in agricultural banking, in consumer and mortgage credit and green banking, capital markets and investment banking, as well as leasing and factoring. These services are offered through nationwide network of 701 branches and 1800 ATMs, and also through its innovative electronic banking network of winbank. Piraeus Bank Group, possesses an international presence consisting of 280 branches  In particular the Group operates in Romania, Bulgaria, Albania, Serbia, in Ukraine in London and Frankfurt. Piraeus Bank Group possesses a well-trained and experienced workforce Piraeus Bank Group, combining business development and social responsibility, endorses systematically its relations with its social partners through specific actions, while special emphasis is placed on the protection of the natural environment and preservation of cultural heritage. Piraeus Bank has built significant expertise and market share in the field of green banking with dedicated branches and products, addressing both business and individual needs. At the same time, the Piraeus Bank Group Cultural Foundation carries out culture-related activities, which are part of the Piraeus Bank Group’s corporate social responsibility and operates a series of thematic museums in Greece, which is constantly growing and has the ability to convey to the Greek rural regions cultural activities of high standards with effective and efficient manner.


Diamonds 133


PANDORA Jewellery Hellas

34 years in jewellery business

Billy Pantazakos & Elli Maragoudaki Owners -Founders of Maragoudaki distributor of PANDORA in Greece

Contact Details 7, Ermou Str. – 7th floor, 10563, Athens Tel: +30 210 3233546 Fax: +30 210 3233547 E-mail: Website:

134 Diamonds

World-renowned for its hand-finished and contemporary jewellery at affordable prices, PANDORA designs, manufactures and markets jewellery made from high-quality materials. Inspiring women to embrace their individuality and express their personal style, PANDORA’s stylish and feminine jewellery captures the unforgettable moments and personal values in life. PANDORA’s unique and detailed designs combining traditional craftsmanship with modern technology are sold in more than 100 countries across six continents through approximately 9,000 points of sale, including more than 1,800 concept stores. Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 16,700 people worldwide of whom approximately 11,000 are located in Gemopolis, Thailand, where the company manufactures its jewellery. PANDORA is publicly listed on the NASDAQ Copenhagen stock exchange in Denmark. In 2015, PANDORA’s total revenue was DKK 16.7 billion (approximately EUR 2.2 billion). Pandora Jewelry Hellas is the exclusive distributor of Pandora A/S Denmark, in Greece and Cyprus, from the second half of 2006. A MODERN SUCCESS STORY Today, there are 13 PANDORA concept stores and 18 shop-in-shops in Greece, mainly located in big cities and tourist hot-spots on the islands. But sales are not driven by tourists alone. The bestperforming store is in Ermou, a large shopping street in Athens were 60% of shoppers are local. All 13 concept stores are owned and run by Billy Pantazakos and Elli Maragoudaki and their team, but the shop-in-shops are run by franchisees, with Maragoudaki as the distributing partner. It’s a diverse group, but everyone feels part of the PANDORA family and takes pride in each other’s success. “To be a successful distributor, you have to trust the product and the people who sell it,” says Billy. “We share information with our partners and we all learn from each other. We work hard to together and we celebrate together. In Greece, we have a saying. At the start of every month, we say ‘I wish you a good month’. This is what we say to our franchisees, and we do all we can to help them to achieve it.”


E-commerce is also on the increase. The Greek PANDORA Club has more than 13,000 members and the Greek Facebook page more than 92,000 fans. These are very good numbers for Greece, where online clubs of this kind are very rare. THE CONCEPT, THE TEAM AND THE FUTURE Despite all their hard work and the time and money they have invested, Billy and Elli are convinced that success is down to the people, and PANDORA itself. “PANDORA is not a success by accident,” says Billy. “It’s down to the product, the concept, the people and the core values. Our team was always motivated and inspired from those values. We focused on hiring people with values that suit the company: people with passion, pride in the team and a commitment to performance.” This focus on people has certainly worked. PANDORA Greece won the Pride, Passion and Performance award at the PANDORA Global Conference in 2015. “The award meant a lot of us,” says Elli with a very broad smile. “We are proud of our achievements as a team. But the most important thing is not the destination; it’s the journey itself. And it’s not finished yet. We are still growing and still working hard to be better. We know where we want to be in the big cities and right now we are lucky because we are offered empty stores. It’s a once in a lifetime opportunity for us. But again, we will do it step by step.” Be inspired at For online purchases visit

Diamonds 135



“A warm home for people with mental retardation or Down syndrome” 

Rev. Archim. Nikodimos Farmakis, Director of the Foundation “Maria Kokkori”

Contact Details 28 Promitheos St. & Agamemnonos St, 166 74 Glyfada, Attica, Greece Tel.: +30 210 9641782 E-mail: Website:

136 Diamonds

A very warm and beautiful home has been created in Athens in order to host a special group of ladies who have been diagnosed with mental retardation or Down syndrome.  Unknown perhaps to the wider community, however very well known to the experts of the field for its high quality services, the Foundation “Maria Kokkori” offers 24 hours hospitality to its 21 residents, securing them an environment full of warmth, love and care. Special educators, psychologists, social workers, doctors, care givers and cookers offer their services with consistency and zest in order to educate the residents and to offer happy, creative moments.  The foundation “Maria Kokkori” was created by a mother’s initiative whose daughter was born with Down syndrome. Her anxiety for her daughter’s future was the driving force for the creation of this home and with the help of the Holy Archdiocese of Athens a very high standard home operates for ladies with mental retardation and Down syndrome.   Targeting “no child left behind” a variety of activities takes place every day by the foundation staff aiming at boosting the autonomy of the residents. As an example we mention the activities of learning disabilities groups, of gross and fine motor coordination (embroidery, handicrafts), cooking and confectionery groups, carpentry and pottery workshops, computer learning groups.  Moreover, special support is provided to the residents’ families so as to help them acknowledge and accept the difficulty, while at the same time providing adequate guideline in order to maximize the results of the therapeutic intervention.  The socialization of our residents has been in the focus of the foundation operation, thus outdoor activities such as bowling, swimming, track and field are an everyday habit for them, some of who take part in Special Olympics with remarkable success.  In recent years, in the context of a well-organized attempt to inform and sensitize the local community for people with disabilities more than 150 volunteers have been trained, more than 140 school visits have been made in our facilities and our efforts go on. Every day constitutes a new challenge in order for us to make the lives of our residents more pleasant, more creative and unique and we know that much more are left to be done. Mother Teresa used to say: ”even we ourselves feel that whatever we offer is a drop in the ocean but the ocean would be smaller if this drop was missing”.   So, we will intensify our efforts and we firmly believe that the harsh circumstances for the Greek economy will not have a negative effect on the quality of the offered services. Receiving the assistance of a few businessmen and the moral support of many of everyday people we make our way and we hope that we will keep ensuring our girls an auspicious future in a hospitable, cozy environment full of safety and love, as they deserve.  In order to keep accomplishing our duty we need more supporters willing to offer any kind of assistance either financial or in the form of goods or services. So we address to anybody who read this manuscript to stand by our girls who need our love and our watchful care. Let’s help!    


Diamonds 137



One of the most rapidly growing food industry companies in Greece Nitsiakos is one of the most rapidly growing food industry companies in Greece, and yet the leading chicken industry producer in the country. Since 1972, when the company was launched Nitsiakos has accomplished to establish a high quality vertically integrated system, that is to ensure a reliable step by step process of breeding, hatching, and distributing of its products. Based in Ioannina, with 44 years of experience in avian sector, the company is operating both in Greece and abroad, not only with chicken products. Over the last decade, Nitsiakos implemented an ambitious investment plan, to secure its growth on its main activities and to further allow its entry into the market of dry food for pets, also creating for the first time in Greece a generating circuit for fresh cuts of turkey and rabbit, the production of flour for bread and industry, and the import and marketing of a new economic and environmentally friendly biomass type husk of sunflower. Particular emphasis is given on biosafety, and on veterinary monitoring, as the industry adopts strict procedures and systematic checks in order to ensure safe and high quality products to its consumers.

Theodoros Nitsiakos, President

In 2014, the company has concluded a contract to export 20,000 tons of durum wheat Greek production, following its strategic plan, whilst the company emphasizes on the improvement and the new development of its facilities, pursuing to modernize its mechanical equipment. It is worth noting that Nitsiakos has also succeeded a strong export activity in the Balkan countries and Cyprus recording constant sales growth, seeking to penetrate into more foreign markets. In the meantime, the company pioneered by launching a new product in the Greek market, that of the ‘black chicken’, aiming to offer to its consumers high nutritional value products, as reflected in Nitsiakos’ philosophy.

Contact Details Industrial Area, Municipality of Zitsas, 455 00 Rodotopi, Ioannina, Greece Tel.: +30 26510 22200 FAX: +30 26510 20769 Website:

138 Diamonds

Today, Nitsiakos industry is the largest producer of chicken meat in Greece, one of the major firms of trading grain and soy flour and among the 10 largest food industries in the country based on its turnover. It also has 4 raw material processing units, 4 feed units, 6 units of primary production and 2 dry food factories and flour.




Diamonds 139


Diamonds of the Greek Economy 2016 COMPANY NAME





297,277,000 €


16,860,371 €


235,388,000 €


16,542,121 €


174,000,000 €


16,192,000 €


162,100,000 €


15,457,137 €


161,331,000 €


15,013,861 €


126,679,777 €


14,905,000 €


99,640,788 €


14,143,181 €


84,758,000 €


14,030,310 €


84,595,000 €


13,973,000 €


84,005,215 €


13,765,777 €


83,126,000 €


13,608,218 €


71,776,830 €


13,508,155 €


68,815,000 €


13,268,000 €


64,198,034 €


13,265,763 €


63,537,000 €


13,240,359 €


60,644,000 €


13,197,709 €


55,261,528 €


12,888,567 €


54,081,000 €


12,719,189 €


47,910,000 €


12,628,991 €


40,213,000 €


12,454,625 €


35,404,031 €


12,419,898 €

22 ΣΑΝΗ Α.Ε.

34,896,344 €


12,294,867 €


33,180,290 €


12,149,968 €


30,088,129 €


12,034,744 €


29,931,832 €


11,972,182 €


29,263,000 €


11,952,320 €


28,388,514 €


11,378,833 €


28,172,959 €


11,319,124 €


27,424,000 €


10,996,302 €


25,317,790 €


10,902,910 €


23,981,164 €


10,872,434 €


23,164,000 €


10,841,000 €


22,808,663 €


10,627,911 €


22,129,000 €


10,606,859 €


20,122,000 €


10,575,288 €


19,258,000 €


10,510,330 €


19,020,909 €


10,474,260 €


18,681,000 €


10,242,092 €


18,633,977 €


10,001,635 €


17,883,000 €


9,939,520 €


17,270,808 €


9,932,798 €


17,081,462 €


9,890,524 €

140 Diamonds







9,853,325 €


6,533,683 €


9,533,184 €


6,525,000 €


9,488,553 €


6,408,776 €


9,425,556 €


6,370,784 €


9,282,000 €


6,324,682 €


9,119,558 €

132 ΑΚΤΩΡ Α.Τ.Ε.

6,288,000 €


9,085,914 €


6,245,168 €


8,891,465 €


6,215,837 €


8,806,794 €


6,094,678 €


8,512,222 €


6,092,140 €


8,434,441 €


6,073,000 €


8,416,000 €


6,057,771 €


8,405,804 €


6,023,278 €


8,284,703 €


5,934,252 €


8,084,919 €


5,903,365 €


8,076,210 €


5,851,815 €


8,040,809 €


5,812,936 €


7,996,873 €


5,767,433 €


7,981,460 €


5,718,010 €


7,940,956 €


5,681,835 €


7,905,619 €


5,670,731 €


7,875,704 €


5,536,563 €


7,834,139 €


5,534,045 €


7,804,450 €


5,501,734 €


7,438,000 €


5,465,412 €


7,388,934 €


5,457,053 €


7,346,520 €


5,455,957 €


7,337,297 €


5,454,700 €


7,288,920 €


5,435,410 €


7,186,654 €


5,343,516 €


7,186,446 €


5,319,000 €


6,922,975 €


5,299,892 €


6,870,000 €


5,266,345 €


6,859,167 €


5,255,435 €


6,780,894 €


5,221,932 €


6,770,000 €


5,200,105 €

121 ACS Α.Ε.

6,707,000 €


5,195,715 €


6,624,000 €


5,173,394 €


6,598,515 €


5,065,430 €


6,577,249 €


5,040,000 €


6,551,585 €


4,985,025 €


6,540,220 €


4,980,595 €

Diamonds 141


Diamonds of the Greek Economy 2016 COMPANY NAME




169 J&P - ΑΒΑΞ Α.Ε.

4,961,000 €


4,151,859 €


4,946,562 €


4,150,708 €


4,931,000 €


4,147,480 €


4,903,868 €


4,129,524 €


4,862,000 €


4,116,000 €


4,838,513 €


4,067,979 €


4,788,772 €


3,989,291 €


4,774,762 €


3,974,577 €


4,773,704 €


3,968,324 €


4,769,144 €


3,949,582 €


4,762,676 €


3,932,301 €


4,760,285 €


3,882,868 €


4,759,879 €


3,842,522 €


4,755,525 €


3,802,609 €


4,752,267 €


3,761,310 €

184 ΔΕΔΕΣ ΚΩΝ. - ‘’ ΑΣΠΙΣ ‘’ ΑΕ

4,732,653 €


3,719,722 €


4,732,653 €


3,716,978 €


4,715,516 €


3,716,951 €


4,677,366 €


3,711,620 €


4,671,929 €


3,709,723 €


4,668,121 €


3,689,008 €

190 ΜΕΤΑΞΑ Σ. & Η. & Α. ΑΒΕ

4,658,636 €


3,674,569 €


4,656,859 €


3,659,733 €


4,641,724 €


3,636,054 €


4,631,841 €


3,636,012 €


4,630,537 €


3,597,917 €


4,629,000 €


3,597,828 €


4,626,502 €


3,578,472 €


4,536,557 €


3,556,912 €


4,507,580 €


3,541,931 €


4,479,297 €


3,523,564 €


4,435,000 €

241 ΦΑΙΑΞ Α.Ε.Τ.Α.

3,514,948 €


4,398,960 €


3,510,080 €


4,341,684 €


3,507,190 €


4,329,899 €


3,433,717 €


4,278,959 €

245 LINEA A.E.

3,421,292 €


4,265,061 €


3,387,470 €


4,246,865 €


3,384,390 €


4,246,629 €


3,362,272 €


4,242,167 €


3,360,511 €


4,211,902 €


3,349,484 €

142 Diamonds







3,348,596 €


2,955,473 €


3,343,733 €


2,953,823 €


3,341,081 €


2,944,905 €


3,325,183 €


2,903,304 €


3,304,000 €


2,902,804 €


3,295,058 €


2,882,740 €


3,273,297 €


2,878,510 €


3,253,428 €


2,877,270 €


3,239,205 €


2,870,503 €


3,239,089 €


2,866,701 €

261 ΓΛΕΟΥΔΗΣ Ν. ‘’ ΚΑΒΕΞ ‘’ Α.Ε.

3,226,069 €


2,859,071 €


3,215,514 €

294 e-TRAVEL A.E.

2,846,000 €


3,190,515 €

295 ΙΩΦΙΛ Α.Ε.

2,836,136 €


3,157,849 €


2,826,252 €


3,147,477 €


2,819,645 €


3,135,673 €


2,819,492 €


3,101,371 €


2,816,091 €

268 C.P.W. ΕΛΛΑΣ Α.Ε.

3,098,973 €


2,809,691 €


3,096,024 €


2,790,272 €


3,095,647 €


2,779,216 €


3,092,982 €


2,778,088 €


3,077,946 €

304 CALIN Α.Ε.

2,762,257 €


3,071,331 €


2,752,757 €


3,059,162 €


2,741,000 €


3,053,119 €


2,687,764 €


3,035,844 €


2,661,737 €


3,035,844 €


2,656,631 €

278 ΧΗΤΟΣ Α.Β.Ε.Ε.

3,030,351 €


2,633,430 €


2,981,281 €


2,490,046 €


2,977,354 €


1,914,892 €


2,968,395 €


1,584,205 €


2,967,273 €

Diamonds 143




Greece’s largest betting firm

Kamil Ziegler, chairman & CEO OPAP SA

Turnover 1,731,996,000.00 €

PROFIT BEFORE TAXES 297,277,000.00 €

Contact Details 62 Kifisou Ave., 121 32 Peristeri, Attica, Greece Tel.: +30 210 5798800 Fax: +30 210 5798342 E-mail: Website:

144 Diamonds

The Organization of Football Prognostics (OPAP) was established in 1958, with the scope to undertake the organization and operation of the betting PROPO game. In 1999, OPAP was “reborn,” as it was converted into a Societe Anonyme, fully-owned by the Greek State. The Company’s scope today includes the following: (a) The organization, operation and conduct of the lottery games PROPO, LOTTO, PROTO, PROPOGOAL, JOKER, BINGO-LOTTO, ΚΙΝΟ, SUPER 3, SUPER 4, 5 from 35, in addition to the FIXED OR NOT FIXED ODDS BETTING GAMES, to all individual or collective games as well as incidents whose nature offer the conduct of betting, in addition to other lottery games or knowledge game or technical game or game based upon any combination of the above, that its operation and conduct in the whole country and abroad will be permitted and assigned to the Company in the future. The Company takes all necessary measures in order to secure the disclosure, irreproachable, in addition to the ordinary, unimpeded and reliable conduct of its games. (b) The management of the games conducted by the Company, in addition to the ones that will be conducted in the future, is exercised exclusively by the Company according to the prevailing ordinances. (c) The structure of economic, feasibility, technical and commercial studies for lottery or technical or knowledge games or games based upon any combination of the above for domestic and international public or private parties. (d) The technological support of the lottery games that the Company organizes and operates with the development, installation, operation, management and exploitation of new technologically improved services such as the transferring of data, live coverage and in general a transfer of complete audiovisual information to the points of gaming conduct that the Company has, exploiting all technological progress and specifically, in the technology information system sector, the telecommunications sector and the telematics sector. (e) Advertising of the games the Company conducts in any suitable way and mean as well as the assumption of sponsorships that serve social or other purposes which can be combined with the Company’s publicity and sale promotion of its products. (f ) Printing operations regarding the lottery tickets and other printed matter. (g) The exploitation of the Company’s material and technical infrastructure with the objective to provide services to third parties. (h) The Company can organize, operate and conduct games to countries abroad, with the condition that the assumption in whatever way of the organization, operation and conduct is done by the Company from an organization of a country based abroad, Public or Private. GREEK ORGANIZATION OF FOOTBALL PROGNOSTICS (OPAP) SA 2013 2014 Change (%) Turnover 3,504,294,000.00 € 1,731,996,000.00 € 50.6 Profit Before Taxes 190,702,000.00 € 297,277,000.00 € 55.89 Net worth 1,126,041,000.00 € 1,166,661,000.00 € 3.61 Liabilities 467,577,000.00 € 449,279,000.00 € -3.91


Diamonds 145


HOLDINGS Commercial


Counting more than 30 years of activities in Greece

Panos Germanos, Founder and president

Turnover 3,346,000.00 €

PROFIT BEFORE TAXES 235,388,000.00 €

Olympia Development, a holding company which has been active in Greece for the past 30 years, comprises the industrial company SUNLIGHT, which has evolved into one of the strongest Greek export companies, with many “firsts” at European and global levels. In addition, in the retail sector, the group’s flagship Public chain operates 48 technology and entertainment stores in Greece and Cyprus. Also part of the group is WESTNET, an IT and high technology products distributor. Finally, in the international business arena, Olympia is the main stakeholder in Poland’s mobile operator PLAY, which is the largest Greek investment in the Polish market. The network of Public chain stores ( was created in 2005 and within a short period of time managed to be a unique brand for Greek standards, also bridging Greek and Cypriot consumers. Within a few years of operation, Public stores have become a reference point, each in its city, allowing consumers to enjoy unique entertainment experiences and culture with passion and creativity, earning customer trust and respect. Cell phone operator PLAY is active in the Polish market since 2007 and is one of the fastest growing providers in European telecommunications. PLAY operates the most modern private mobile network in Poland, recording exceptional growth rates in the largest economy in Eastern Europe. In just eight years of operation, PLAY has developed a network that counts more than 1,300 mobile phone shops. With aggressive marketing policy as it has to compete with global giants, the firm has created a very strong brand. As a result, it now enjoys a market share of over 22%, while its customer base exceeds 12 million subscribers. SYSTEMS SUNLIGHT SA is currently in its third decade of dynamic operation, linking the Greek and international market. The firm remains devoted to its strategy of commitment to development, production and distribution of batteries and high energy storage solutions that meet the growing demands of its customers. SYSTEMS SUNLIGHT is today among the leading producers of energy storage systems in the world, offering integrated and reliable solutions in areas with particularly high demands, such as Manufacturing, Supply Chain and Transport, Telecommunications, Construction, Information Technology, Infrastructure and Defence. Since its foundation in 2005, WestNet operates exclusively in the field of distribution of IT products and high technology, dynamically expanding its presence in the Greek market, and linking the companies it represents with its clients. The company offers a solutions package which includes distribution and representation of IT and high-tech products, made by companies such as HP, Lenovo, eStar, LG, Asus, Samsung, Philips, etc.

Contact Details 25 Ermou St., 145 64 Kifissia, Attica, Greece Tel.: +30 210 8181500 FAX: +30 210 8181566 E-mail: Website:

146 Diamonds

OLYMPIA DEVELOPMENT SA 2013 2014 Turnover 4,224,000.00 € 3,346,000.00 € Profit Before Taxes -5,504,000.00 € 235,388,000.00 € Gross Profit -1,204,000.00 € -6,710,000.00 € Net worth 124,629,000.00 € 360,017,000.00 € Liabilities 270,910,000.00 € 229,950,000.00 €

Change (%) -20.79 188.87 -15.12


Diamonds 147


ENERGY Commercial


A major player in power management and transmission

Yiannis Blanas, CEO

Turnover 312,558,000

The Independent Power Transmission Operator (IPTO) SA is a 100% subsidiary of PPC (Public Power Corporation SA) established in compliance with the provisions of Directive 2009/72/EC of the European Union on the legal and functional separation of the monopoly transmission and distribution activities of vertically integrated businesses operating in the energy sector. These provisions were incorporated into Greek law (Act 4001/2011), under which the IPTO was founded as a subsidiary of PPC in accordance with the model of Independent Transmission Operator (ITO), as provided for in the abovementioned Directive. Under the provisions of Act 4001/2011, IPTO assumed the role of Manager of Greek Electricity Transmission System (ESMIE) and specific tasks of operation, maintenance and development of ESMIE, integrating the tasks and functions which were the responsibility of DESMIE as System Administrator and General Transmission Management of the PPC as the System Owner. Therefore, IPTO was established following integration of the respective PPC Transmission Sector and the DESMIE in a separate company which transferred all relevant organizational functions, staff and assets of ESMIE and, according to Act 4001/2011, is the successor of all rights and obligations associated with the above Transmission Sectors. In 2015, the firm reported a slight drop in sales (-1.5%) to 258 million euros against 262 million euros a year earlier. This was mainly attributed to a reduction in the cost of the Transmission System Lease. Operational expenses more than doubled to 103 million euros against 51 million euros a year earlier, primarily due to an increase in risk provisions to 28 million euros, against the previous year’s release of provisions of 22 million euros. The increase in operational expenses led to a 28% drop in EBITDA to 155 million euros, against 213 million euros in 2013. Net profit dropped 50% to 35.5 million euros compared to 69.9 million euros a year earlier.


Contact Details 89 Dyrrachiou St., 104 43 Athens, Attica, Greece Tel.: +30 210 5192101 Fax: +30 210 5192324 E-mail: Website:

148 Diamonds

INDEPENDENT POWER TRANSMISSION OPERATOR (IPTO) SA 2013 2014 Turnover 347,452,000.00 € 312,558,000.00 € Profit Before Taxes 74,724,000.00 € 96,137,000.00 € Gross Profit 147,173,000.00 € 133,096,000.00 € Net worth 957,927,000.00 € 1,027,982,000.00 € Liabilities 1,478,608,000.00 € 1,598,860,000.00 €

Change (%) -10.04 28.66 -9.56 7.31 8.13


Diamonds 149




The largest telecommunications provider in Greece

Michael Tsamaz, OTE Group Chairman and CEO

Turnover 2015 3,902,900,000,00 €

P PRO FORMA EBITDA 2015 1,343,000,000 €

Contact Details 99 Kifissias Ave., 15124, Maroussi, Athens, Greece Tel.: +30 210 6111000 Fax: +30 210 6115825 Ε-mail: Website:

150 Diamonds

OTE Group is the largest telecommunications provider in the Greek market, and, together with its subsidiaries, forms one of the leading telecom groups in South-eastern Europe. OTE is among the three largest listed companies, with respect to capitalization, in the Athens Stock Exchange. OTE is also listed in the London Stock Exchange (LSE). Deutsche Telecom holds 40% of OTE’s share capital and the Greek State holds 10%. OTE Group employs approximately 22,000 people in three countries. OTE Group offers the full range of telecommunications services: from fixed-line and mobile telephony, broadband services, to pay television and ICT solutions. In addition to its core telecommunications activities, the Group in Greece is also involved in maritime communications, real-estate and professional training. Abroad, the Group operates in the telecommunications markets of Romania, where it offers fixedline and mobile communications, as well as television services, and in Albania, where it offers mobile telephony services. Aiming at continuously optimizing customer experience, OTE Group proceeded at the end of 2015 with establishing COSMOTE as the unified brand for all Group products in fixed-line and mobile telephony as well as internet services in Greece. Telecommunications infrastructure OTE Group is the largest investor in new technologies and infrastructure in Greece, having invested over €2bn over the past five years. For the four-year period 2016-2019 it is materializing investments in the range of €1.3bn, primarily targeted at new generation networks. At present, OTE provides quality communication using the most advanced telephony and data networks, with over 35,000 kilometres of optical fibres and numerous satellite, submarine and onshore international links to every point of the globe. In Greece, besides providing the telephone network, which covers the entire country, including the remotest regions, OTE offers broadband ADSL services to more than 95% of the existing telephone connections. OTE Group continued the replacement of the copper network by optic fibers, offering access to VDSL speeds up to 50 Mbps, to more than 2 million households and businesses. Almost 5.000 cabins are already available for VDSL services, while more than 3.000 kilometers of optic fibers have been installed since 2010. Moreover, there has been a sharp increase of the bandwidth of the National Core Networkm ensuring the flawless internet data traffic. In mobile telephony too, COSMOTE breaks new ground. It constantly develops its 3G network


which covers more than 98% of Greece’s population, and at the end of 2012 was the first provider in Greece to launch a 4G LTE (Long Term Evolution) technology network. Today, the company is No1 in Greece in terms of the population coverage achieved by its 4G network, exceeding 83%. At the beginning of 2015, COSMOTE also marketed its 4G+ LTE Advanced technology network, by offering speeds up to 300Mbps. Taking advantage of the increased capabilities of its mobile network after acquiring new spectrum, the Group was the first in Greece and among the first in Europe, to launch mobile internet speeds of up to 375Mbps. At the end of 2015 OTE Group demonstrated, first in Greece and among the first in the world, mobile internet speeds of up to 500Mbps. Financial Data For 2015, the Group announced revenues of almost €4 bn, roughly unchanged from last year. Pro forma EBITDA reached €1.343 mn. and Pro forma EBITDA margin 34,4%. The level of free cash flow was in target at €507 mn. Over the past five years, the Group has reduced its net debt by approximately 80%. This development in combination with its secure cash and cash equivalents positions the Group among the most robust telecommunications providers in Europe Corporate Responsibility OTE Group has always connected its presence in Greece with social contribution. Under the pillars of the Environment, Society, Employees, and the Market, it is carrying out comprehensive Corporate Responsibility programs and actions. In 2015, it offered more than €3mn for charitable purposes, supporting vulnerable social groups, children, education, entrepreneurship, local communities, culture and sports.

(€ mn) Revenues EBITDA Pro forma EBITDA* Pro forma EBITDA margin (%) Cash & Other financial assets Net Debt (Underlying)

OTE GROUP REPORT 2015 2015 3,902.9 1,220.5 1,343.0 34.4% 1,329.3 859.8

2014 Δ (%) 3,918.4 -0.4% 1,385.5 -11.9% 1,421.6 -5.5% 36.3% -1.9pp 1,513.6 -12.2% 1,124.9 -23.6%

Diamonds 151


Athens International Airport “Eleftherios Venizelos”

15 years of successful operation!

TRANSPORT Commercial

Dr Yiannis N. Paraschis CEO

Turnover 315.602.778,00 €

The Athens International Airport “Eleftherios Venizelos”, one of the most modern and functional airports in the world, opened in March 28th, 2001, marking the onset of a new era for air transport in Greece. The Airport Company, “Athens International Airport S.A.” (AIA), was established in 1996 as a Public-Private Partnership with a 30-year B.O.O.T. (Build - Own - Operate - Transfer) concession to build and operate the airport. AIA is a privately managed company, with the Greek State holding 55% of shares, while the private shareholders collectively hold 45%, and has undertaken successfully a series of very important roles, i.e. manager of the airport, employer, and responsible corporate citizen. Thanks to its favourable geographical location at the cross-roads of three continents, stateof-the art infrastructure and top-notch service, the Athens International Airport has earned the trust of passengers, as well as numerous international distinctions and awards. Today, it constitutes one of the major gateways to South-Eastern Europe and forms a unique entrepreneurial entity of economic and social development in the Attica basin. Over 13,000 people are employed as part of a large airport community, which consists of more than 300 companies closely connected to AIA and constitutes one of the biggest employment engines in Greece. As proven by the Athens University of Economics and Business relevant study (2013), the airport contributes to the national and local economy by 2.63% of the GDP. During its 15 years of successful operations the airport served more than 214 million passengers through 2.6 million flights. AIA offers its airline partners one of the most innovative and integrated incentives programmes, to ensure the sustainability and further growth of both domestic and international traffic. The Athens International Airport, however, is far more than just a gateway to South-Eastern Europe; aiming at continuous growth, AIA develops its extensive real estate assets, conducts large-scale commercial activities, and exports the company’s pioneering know-how in the IT sector. Besides its aeronautical and non-aeronautical activity, AIA remains always committed to its role as a responsible corporate citizen, introducing and implementing a range of programmes, actions and special CR initiatives for society at large, and with a special focus on its neighbours in the local communities. With over 50 distinctions throughout the 15 years of its operation, distinguishing it as one of the best airports in the world across its diverse range of activities, the Athens International Airport maintains one of the best airport terminals in Europe, equipped with state-of-the-art systems, featuring user-friendly orientation and comfortable waiting areas, offering top quality services, and making each moment at the airport a pleasant experience for the travellers, their meeters and greeters, and the airport’s visitors, who are frequently surprised with an unexpected programme of live events in the terminal area. According to the surveys conducted at the airport, our passengers and visitors highly appreciate the airport’s ambience, the courtesy of staff, the fine offers of over 120 quality shops, restaurants & cafés in the Airport Shopping Centre, as well as an attractive and highly convenient Retail Park located within the Airport compound .

PROFIT BEFORE TAXES 126.679.777,00 €

Contact Details 19019 Spata, Greece Tel: +30 210 3530000 Fax: +30 210 3530001 Website:

152 Diamonds

Athens International Airport “Eleftherios Venizelos” 2013 2014 Change(%) Turnover 272.035.603,00 € 315.602.778,00 € 16,0 Profit Before Taxes 93.942.046,00 € 126.679.777,00 € 34,8 Gross Profit 163.602.269,00 € 204.085.514,00 € 24,7 Net worth 412.321.510,00 € 437.028.503,00 € 6,0 Liabilities 813.743.382,00 € 770.445.512,00 € -5,3


Diamonds 153




Greece’s largest toy store chain

Apostolos - Evangelos Vakakis, President of BoD

Turnover 491,555,418

In 1986, a new toy store named Jumbo was launched in Athens, offering customers joy, fun and carelessness. Today,30 years on, thanks to its extensive range of toys and games, the company is the top retail choice for children and adults. Today, the Group has a leading position in the retail sale of toys, baby items, gifts, homeware, stationery, etc. The firm’s objective is to remain a market leader, through continuously enriching the variety of its trading products, based on developments and demand trends in the categories in which the Group operates, as well as through keeping product prices at competitive levels and continuing its advertising campaign. In Greece, the Group at the end of 2015 numbered some 53 stores, as well as the online shop “ejumbo”. Its objective is to more effectively manage its existing network of stores and the company infrastructure through re-evaluation and upgrading of old stores, and to expand its network to new points in the coming years. As part of this restructuring of the existing network, the company in January 2016 terminated the operation of two small shops and today its network numbers 51 stores. The firms has already commenced the procedures for the opening of a new store in Greece in the coming fiscal year. In Bulgaria, subsidiary JUMBO EC.B LTD, numbers eight stores, while two more are being planned in the coming years. In Cyprus, subsidiary Jumbo Trading Ltd, operates five stores. In Romania, subsidiary JUMBO EC.R SRL, numbers seven super-shops. In the second half 2015, the Group reported a rise of 8.97% in sales to 371.75 million euros against 341.13 million euros in the corresponding period in 2014. At company level, sales rose 4.49% to 317.05 million euros. The Group reported EBITDA of 105.48 million euros against 91.65 in the corresponding period in 2014, while the company posted EBITDA at 72.02 million euros compared to 66.73 million euros in the same period in 2014.


Contact Details 9 Kyprou & Idras St, 183 46 Moschato, Αttica, Greece Τel.: +30 210 48 05 200 Fax: +30 210 48 05 212 E-mail: Website:

154 Diamonds

JUMBO SA 2013 Turnover 459,528,453.00 € Profit Before Taxes 93,213,799.00 € Gross Profit 221,777,239.00 € Net worth 534,146,769.00 € Liabilities 248,609,948.00 €

2014 491,555,418.00 € 99,640,788.00 € 234,091,050.00 € 608,236,785.00 € 281,037,953.00 €

Change (%) 6.97 6.89 5.55 13.87 13.04


Diamonds 155




Posting a jump in 2014 revenue

Evangelos Mytilineos, Chairman and Chief Executive Officer of MYTILINEOS HOLDINGS S.A.

Turnover 549,001,000


Contact Details 8 Artemidos St., 15125, Maroussi, Attica, Greece Tel: +30 210 2709200 Fax: +30 210 2759528 E-mail: Website:

156 Diamonds

METKA is a leading engineering contractor and industrial manufacturing group, active within the Energy, Infrastructure and Defense sectors. Over the past decade, METKA has focused its growth strategy on becoming an internationally renowned EPC (Engineering­Procurement-Construction) contractor, and has been recognized for its reliability, flexibility and impeccable track record. METKA is strongly focused on serving the needs of international customers and markets and is active in carrying out major power plant projects throughout Europe, the Middle East and North Africa, with strong emphasis on highly-efficient combined cycle gas turbine technology. The company’s manufacturing operations serve numerous global customers and export products around the world, whereas its industrial facilities, with several decades of experience in complex, high value-added manufacturing, production equipment and components used in energy generation, heavy industry, infrastructure and defense applications. Today, the firm is internationally recognized by leading customers for its ability to successfully deliver highly demanding projects. METKA is part of the MYTILINEOS Group, Greece’s leading independent Energy producer and a strong, competitive European industrial Group in the sectors of Energy, Metallurgy and EPC projects. With a workforce of over 2,500 employees in Greece and abroad, the Group remains firm on its goal for business excellence, always in accordance with the principles of Corporate Social Responsibility. Apart from its international EPC projects activity, MYTILINEOS Group is also one of the leading groups in Metallurgy and Mining in southeastern Europe and the Middle East, operating Europe’s most important vertically integrated alumina and aluminum production and trading plant. In Energy, the Group is the largest independent electricity producer, with a balanced portfolio of thermal and renewable energy sources. It also maintains a significant presence in the domestic natural gas supply and trade market. METKA’s industrial facilities, located in Greece, occupy a total surface area of 21 hectares and employ a staff of approximately 300. These facilities provide the company with the ability to manage its own specialized tasks, such as production of steel equipment (tanks, pressure vessels, heat exchangers), structure engineering, sand blasting and painting, cutting, formation and tracing of plates, machining, welding, fabrication, assembly and testing. Combining its long manufacturing experience, qualified personnel and high-precision automated machinery, the company’s production facilities meet demanding standards and achieve the highest quality levels. In 2014, METKA remained a consistently strong performer. In particular, the company’s turnover in 2014 stood at €609.3 million, up from €606.5 million in 2013, with net profits after tax standing at €90.3 million against €91.6 million in 2013. METAL CONSTRUCTIONS OF GREECE SA 2013 2014 Turnover 404,408,000.00 € 549,001,000.00 € Profit Before Taxes 42,713,000.00 € 84,758,000.00 € Gross Profit 79,721,000.00 € 102,943,000.00 € Net worth 377,042,000.00 € 318,803,000.00 € Liabilities 323,991,000.00 € 358,360,000.00 €

Change (%) 35.8 98.4 29.1 -15.4 10.6


Diamonds 157




Market presence in over 65 countries

Andreas Karelias, CEO

Turnover 552,819,000.00 €

PROFIT BEFORE TAXES 84,595,000.00 €

Contact Details Athinon St., 241 00 Kalamata, Greece Tel: +30 27210 69213 Fax: +30 27210 69080 Email: Website:

158 Diamonds

The firm’s roots date back to 1888 when the Karelia family’s first entrepreneurial generation established a small tobacco enterprise in the provincial city of Kalamata, southern Greece. During the first few decades of operation, the firm’s reach was mostly local. The ensuing arrival of political and social stability allowed Karelia to expand its business activities throughout Greece. From the 1950’s onwards, Karelia has marketed a number of particularly popular cigarette brands that secured a wide distribution network and significant market share for the company on a nationwide level. The company’s headquarters and production facility continues to be based in Kalamata. In 1971, the firm relocated operations to its present facilities, measuring an area of 80,000 sqm. The company’s sales and marketing departments are based at the Karelia building in Athens. Today, Karelia Tobacco Company is Greece’s largest cigarette manufacturer and exporter, and one of the fastest growing, privately-owned cigarette companies in the world. It operates offices throughout Greece and distributes its cigarette brands to a sales network covering 25,000 retail points. Internationally, Karelia cigarette brands are marketed in over 65 countries, in western and eastern Europe, Middle and Far East and Africa. The company’s major brands are George Karelias and Sons, Karelia Slims, Omé, Karelia Blue, Oriental Mist and American Legend. In 2008, Karelia took over the Backwoods cigar brand from Altadis SA for the Greek market. Highlighting the firm’s export-oriented nature, Karelia owns five subsidiary firms, three of which are based in countries other than Greece. The UK-based Karelia Tobacco Company distributes Karelia products in Great Britain, while Meridian SA, a subsidiary owned entirely by Karelia, acquired in 1995, supplies duty free goods to ships. In 2007, the firm’s office in Bulgaria was upgraded to an import company under the company name Karelia Bulgaria EOOD. In 2008, Karelia established a subsidiary firm in Turkey, Karelia Tutun ve Ticaret A.S. Notably, in spite of the ongoing economic crisis in Greece, the firm invested during the period 2003 – 2015, more than 70 million euros with the objective of increasing production capacity, improving production flexibility and boosting exports. In January 2016, the firm spent more than 3 million euros in bonus schemes, remunerating employee’s dedication and effort. When it comes to corporate social responsibility, Karelia has always been firmly committed to playing a leading role as a benefactor and sponsor of the city of Kalamata. The tradition of giving back to its community has been a source of great strength and inspiration. Karelia actively supports local non-profit community organizations, and has sponsored countless art and cultural activities for generations throughout the history of the Company. The firm in 2014 reported a marginal increase in sales to 728.82 million euros, up 1.09% year-on-year. Pre-tax profit increased by 9.75% to 73.97 million euros, compared to 67.39 million euros a year earlier. KARELIA TOBACCO INC. SA 2013 2014 Turnover 547.827.000,00 € 552.819.000,00 € Profit Before Taxes 60.643.000,00 € 84.595.000,00 € Gross Profit 84.619.000,00 € 88.474.000,00 € Net worth 278.625.000,00 € 316.612.000,00 € Liabilities 66.013.000,00 € 69.459.000,00 €

Change (%) 0,91 39,50 4,56 13,63 5,22


Diamonds 159


Natural Gas Commercial


Playing a major role in the energy sector and Greece’s economy

Theodoros Kitsakos, Chief Executive Officer

Turnover 1,159,087,667.00 €

The natural gas industry is a major contributor to the GDP of many countries. It is by nature largescale, employing thousands, generating associated revenues and tax income. The natural gas helps fuel local businesses and builds a platform to grow Greece’s economy. DEPA with its long presence in the Greek market is a modern and competitive group of companies with a dynamic presence in the energy sector and substantial contribution to the development of the Greek economy, the protection of the environment and the improvement of the quality of life of the local communities. With the continuous expansions of the natural gas pipelines DEPA Group is bringing natural gas to more and more regions of the country. It sources gas from a number of suppliers through long-term supply contracts and provides security of gas supply in the Greek Energy market. In few words, DEPA is a group that: ● is the largest natural gas importer and distributor in Greece which sells gas to large consumers and to the gas supply companies ● has made co-operations with big international companies (Gazprom, BOTAS, Sonatrach, Edison, ICGB) and ensures the optimal coupling between international supply and indigenous demand ● covers with natural gas an area from Thrace to Attica and all big consumption areas of the continental part ● develops actions at the national and European level so as natural gas (CNG/LNG) becomes accessible and intelligible to all parts of the country (East, West Greece, islands etc) ● has significant contribution to Greek economy, growth, environmental protection and improvement of local communities’ quality of life ● has opened up the way to gas-driving by establishing stations in big cities

PROFIT BEFORE TAXES 84,005,215.00 €

Contact Details 92, Marinou Antipa Ave. GR 141 21 Heraklion Attikis Tel: +30 210 2701000 Fax: +30 210 2701010 Web site:

160 Diamonds

PUBLIC GAS CORPORATION (DEPA) S.A 2013 2014 Turnover 1.591.137.836,00 €,00 € Profit Before Taxes 156.470.333,00 € 84.005.215,00 € Gross Profit 103.288.426,00 € 58.241.163,00 € Net worth 1.507.444.518,00 € 1.473.390.316,00 € Liabilities 941.666.977,00 € 859.344.804,00 €

Change (%) -27,2 -46,3 -43,6 -2,3 -8,7




Acrylic extruded sheets from 2mm to 20mm thick. Ours acrylic sheets have dimensions 2050mm X 3050mm, except special orders. We provide a variety of colors.

teknoglas frost

Acrylic frost sheets .

teknoglas fos

Specialty Teknoglas sheets for efficient lighting applications combined with LEDs. Specialty products for edge lighting and backlighting .


Polycarbonate extruded sheets from 2mm to 12mm thick. Ours polycarbonate sheets have dimensions 2050mm X 3050mm, except special orders. We provide a variety of colors.


Special glue for acrylics sheets.

We import and distribute -Polycarbonate solid and multi-skin sheets. -Polypropylene solid and multi-skin sheets. -Panels PVC foamed + PS foamed + PVC foamed 10mm-15mm-19mm -25mm, sheets dimensions 2050mm-3050mm -Acrylics Rods and Tubes with diameter 10mm-500mm -Polycarbonate and PETG sheets (clear and antifog) with 0.75mm-1.5mm thick and 1250mm X 2050mm dim.


Provides services: -Cut to size -Laser cutting -Router cutting -Thermal bending -Thermo-vacuum forming -Etalbond processing E.SKRIMIZEAS SA

Diamonds 161




On a growth path

Dimitris Papalexopoulos, CEO

Turnover 263,969,000.00 €

PROFIT BEFORE TAXES 83,126,000.00 €

Contact Details 22-A Chalkidos St., 111 43 Athens, Attica, Greece Tel: +30 210 2591 111 Fax: +30 210 2591 205 Email: Website:

162 Diamonds

TITAN Group is an independent, vertically integrated cement and building materials producer with over 110 years of industry experience. Based in Greece – where the parent company is listed on the Athens Stock Exchange since 1912 – TITAN Group’s activity spans 13 countries. This activity is carried out both by wholly-owned affiliates and by joint ventures with other partners, covering the production of cement, concrete, aggregates, mortars and other building materials; transportation - distribution of products; processing and industrial utilization of fly ash. The Group owns cement plants in nine countries, employs more than 5.500 people worldwide and is organized in four geographic regions: Greece & Western Europe, the USA, Southeastern Europe and Eastern Mediterranean. Throughout its history, TITAN has remained firm on combining operational excellence with respect for people, society and the environment. TITAN Group’s CSR and Sustainability commitment is demonstrated in its own policies and practices, as well as through its active participation in international initiatives. TITAN was the first company in Greece to sign the United Nations Global Compact, which aims at safeguarding human rights, labor rights, environmental protection, as well as combating bribery and corruption. It is a member of CSR Europe, the World Business Council for Sustainable Development, the Cement Sustainability Initiative and the European Alliance for CSR. Throughout Greece’s economic crisis, since 2010, TITAN, under CEO Dimitris Papalexopoulos, has remained steadfast in the implementation of its action plan to improve social and environmental performance by retaining its focus on the triple bottom line framework and accelerating efforts to improve its safety culture; investing to reduce carbon footprint; and taking a number of initiatives to engage its stakeholders at the local level. Operating primarily in Greece and Western Europe, where it makes 25% of its sales, TITAN facilities comprise three (3) cement factories, 27 quarries, 26 ready-mix concrete plants, eight (8) distribution centers, one grinding unit and one dry mortar factory. The firm employs a staff of 1.165. In 2014, Titan Cement posted a jump in sales to 263 million euros against 234 million euros a year earlier. Pre-tax income soared to an impressive 83 million euros against a loss of 46.77 million euros recorded by the firm in 2013. TITAN Group sales in 2014 inched up to 1.15 million euros compared to 1.12 million euros a year earlier, while pre-tax income jumped to an impressive 46 million euros against a loss of 9 million euros in 2013.

TITAN CEMENT CO. SA 2013 2014 Turnover 234,712,000.00 € 263,969,000.00 € Profit Before Taxes -46,771,000.00 € 83,126,000.00 € Gross Profit 37,035,000.00 € 55,943,000.00 € Net worth 737,668,000.00 € 823,301,000.00 € Liabilities 880,735,000.00 € 416,957,000.00 €

Change (%) 12.47 277.73 51.05 11.61 -52.66



RADISSON BLU PARK HOTEL Alexandras Avenue 10, 10682 Athens, Greece, MHTE 0206K015A0027200 T: +30 210 8894500

Diamonds 163




Transportation Commercial


Greece’s largest air carrier

Theodore Vassilakis, Chairman

Eftichios Vassilakis, Vice Chairman

Turnover 850,891,090.00 €

PROFIT BEFORE TAXES 71,776,830.00 €

Aegean airlines is Greece’s largest airline provider since 1999 offering full service, premium quality short and medium haul services. On 23rd October 2013 Aegean acquire Olympic Air; as a result passengers now have increased flight frequencies and connections as well as improved accessibility to Greece’s islands, including some of the more remote, both for visitors and Greeks alike. ΑEGEAN & Olympic Air carried 11.6 million passengers in 2015. The group’s fleet comprises of 61 aircraft. The 2015 network offered 15m available seats, 2m more than 2014, with flights to 134 destinations (34 domestic and 100 international) to 42 countries. Since June 30, 2010 AEGEAN is a member of STAR ALLIANCE, the strongest airline alliance worldwide. The Company has been honored with the Skytrax World Airline award, as the best European regional airline in 2015. It is the sixth time that the company is receiving this distinction, the previous ones being in 2009, 2011, 2012, 2013 and in 2014. Aegean invests in strengthening its international presence and in supporting the Greek tourism both in Athens and in regional airports. In line with this, the 2016 flight schedule includes a network of 145 destinations, 111 international in 45 countries and 34 domestic, with 16,200,000 available seats, i.e. 1.1 million more seats than in 2015. The flights will be carried out with one of the youngest fleets in Europe, comprising 61 aircraft, after a recent investment in new additional Airbus A320ceos. The flight increase will be more intensive in 2016 from the main base of Athens, but shall also cover activities from the airliners 8 other bases (Heraklion, Rhodes, Corfu, Chania, Kos, Kalamata, Thessaloniki and Larnaca). AEGEAN reports full year 2015 results with consolidated revenue at €983m, 8% higher compared to 2014. The company during 2015 added 15 new international destinations, targeting both traditional markets such as France, Cyprus, Italy, Switzerland and new markets such as Saudi Arabia, Norway and Iran. In 2015, 4 out of 7 ordered Airbus A320 aircraft have been delivered to the Group, relating to the recent order from Airbus, while the remaining of the order is scheduled to be delivered within 2016. Passenger traffic rose by 15% to 11.6m passengers, continuing the fast growth for a second consecutive year following the acquisition of Olympic Air. Pre-tax earnings rose 6% to €100.3m while net earnings after tax reached €68.4m, 15% lower compared to 2014 due to higher corporate tax rate as well as an increased deferred taxation effect. Traffic in the domestic network increased by 7% to 5.6m passengers driven by demand stimulation on lower fares and strong connecting traffic. International traffic rose by 24% to 6m passengers.

Contact Details Contact details: 31, Viltanioti Str., 145 64, Kifisia, Attiki, Greece Tel.: +30 210 62 61 700 Fax: +30 210 62 61 900 E-mail:Website:

164 Diamonds

AEGEAN AIRLINES SA 2013 2014 Turnover 682,682,720.00 € 850,891,090.00 € Profit Before Taxes 83,610,000.00 € 71,776,830.00 € Gross Profit 113,055,800.00 € 117,946,590.00 € Net worth 212,877,240.00 € 201,607,270.00 € Liabilities 348,478,910.00 € 378,581,850.00 €

Change (%) 24.6 -14.2 4.3 -5.3 8.6


Είμαστε πολλοί. Έχουμε φωνή.

Το σηµείο συνάντησής µας:


Εδώ η Ελλ

τερ ύ λ α γ ε µ ι α ν άδα εί

Diamonds 165


Supermarkets Commercial


A leading retail company AB Vassilopoulos is a food retailer with a presence of more than 77 years in the Greek market and a reputation for quality, a wide variety of products, competitive prices and superb customer service. From its founding in 1939 until today, as a member of the Delhaize family (since 1992), AB continues on a steady path of growth and innovation, operating more than 340 stores throughout the country and employing a total of 12,700 people – all the while maintaining its distinctive Greek identity as it supports its staff, its customers and the domestic market. With the goal of improving the quality of life for its customers, associates and the communities in which it is active, the company undertakes a wide variety of initiatives that are consistent with its far-reaching policies of Social Responsibility, and which fall under three basic categories: “People”, “Products” and “Environment”. Within this context, AB undertakes systematic programs and projects in support of people and local communities (for example: “52 weeks, 52 actions of feeding and caring throughout Greece” - a program which supplies food nearing its expiration date, free of charge, to those in need). It is worth noting that in 2015 alone AB distributed a total of €1.4 million in food aid, helping thousands of people experiencing problems feeding themselves or their families. For further information on AB’s services and activities, please visit our website:

Turnover 1.790.679.000,00 €

PROFIT BEFORE TAXES 68.815.000,00 €

Contact Details 81 Spaton Avenue, 15344, Gerakas, Attica, Greece Tel.: +30 210 66 08 000 Fax: +30 210 66 12 675 Website:

166 Diamonds

ALFA – BETA VASSILOPOULOS SA 2013 2014 Turnover 1,736,041,000.00 € 1,790,679,000.00 € Profit Before Taxes 57,517,000.00 € 68,815,000.00 € Gross Profit 427,863,000.00 € 449,820,000.00 € Net worth 405,776,000.00 € 392,672,000.00 € Liabilities 484,822,000.00 € 533,612,000.00 €

Change (%) 3,1 19,6 5,1 -3,2 10,1


Mental retardation Down Syndrome Homes of Supported Living «Maria Kokkori»

28 St. Promitheos, 166 74 Ano Glyfada, Athens, Greece Tel.No: +302109641782 facebook: “ ºäñõìá Ì. Êüêêïñç”

Diamonds 167



Athens Water Supply and Sewerage Company (EYDAP SA)

Supplying the Greek capital with water

Ioannis Benisis, Chief Executive Officer

Turnover 326,374,000.00 €

EYDAP is the largest company of its kind in Greece and serves approximately 4.3 million customers (2.03 million water meters), while the length of its water pipelines is 9,500 km. The sewerage sector serves 3.5 million residents with sewers spreading at almost 6,000 km. EYDAP was founded in 1980 after a merger of the water supplier in Athens and Piraeus “Hellenic Water Company” (EEY S.A.) and the “Greater Athens Sewerage Organization” (OAP S.A.). In 1999, EYDAP took its present legal form, as all of its major assets - dams, reservoirs, water towers, pumping stations and all other facilities that allow water to be transferred safely to treatment plants - were transferred to the company “EYDAP Assets”, thus remaining the property of the Greek State. In January 2000, EYDAP SA was listed on the main market of the Athens Stock Exchange. The company’s operations entail providing water supply and sewerage services; designing, constructing, installing, operating, managing, maintaining, expanding and upgrading water supply and sewerage systems; pumping, desalinating, processing, transferring, storing, and distributing all kinds of water as a means of serving EYDAP’s object; and managing and disposing wastewater treatment products. EYDAP’s area of service is the greater metropolitan area of Athens. However, the firm has the right to provide a full range of services in areas beyond its responsibility via subsidiaries and through programming contracts with local authorities. EYDAP has launched an ambitious program of renewable energy utilization. The objective is to contribute to the optimization of the energy balance of the country and society and explore the possibility of expanding to new profitable business. EYDAP’s energy sector involvement concerns projects dealing with hydropower; cogeneration of heat and power, using biogas and natural gas; solar energy projects; as well as energy reduction initiatives. In 2015, the company’s sales inched down to 324.25 million euros against 326.37 million euros a year earlier. Pre-tax income dropped 11.32% to 56.34 million euros.

PROFIT BEFORE TAXES 63,537,000.00 €

Contact Details 156 Oropou St., 111 46 Galatsi, Attica, Greece Tel.: +30 210 2144444 Fax: +30 210 2144159 Website:

168 Diamonds

Athens Water Supply and Sewerage Company (EYDAP SA) 2013 2014 Turnover 336,154,000.00 € 326,374,000.00 € Profit Before Taxes 61,267,000.00 € 63,537,000.00 € Gross Profit 145,585,000.00 € 141,352,000.00 € Net worth 950,653,000.00 € 921,382,000.00 € Liabilities 700,485,000.00 € 620,619,000.00 €

Change (%) -2.91 3.71 -2.91 -3.08 -11.40



Ο καρκίνος σήμερα μπορεί να νικηθεί ! Ξέρουμε ότι ακόμη φοβίζει, στιγματίζει, ακινητοποιεί Αυτό θέλουμε να το αλλάξουμε ! Μπορείς να βοηθήσεις και εσύ: • στην ενημέρωση για πρόληψη - έγκαιρη διάγνωση του καρκίνου • στη ψυχοκοινωνική και οικονομική στήριξη των ασθενών και των οικογενειών τους • στην διεκδίκηση των δικαιωμάτων των ασθενών • στην στήριξη των ασθενών σε ενδονοσοκομειακά προγράμματα • στην εκπαίδευση εθελοντών Πως; • ενισχύοντας οικονομικά το έργο του ΟΕΚΚ ως μέλος ή υποστηρικτής • συμμετέχοντας στα εθελοντικά προγράμματα

Κόστος: Ελάχιστο Κέρδος: Ζωή! ΟΜ Ι Λ ΟΣ Ε ΘΕ Λ ΟΝ Τ Ω Ν Κ ΑΤ Α Τ ΟΥ Κ ΑΡ Κ Ι Ν ΟΥ Λεωσθένους 21-23, 185 36 Πειραιάς * Τ: 210 4181641 * F: 210 4535343

e-mail: Diamonds 169


Travel retail Commercial


A leader in tax-free shopping for almost 50 years

Turnover 295,688,000.00 €


Hellenic Duty Free Shops SA, founded in January 1979, operates in the travel retail industry, providing travelers passing through Greece’s exit points with the opportunity to purchase products from a wide selection of original, brand name products. Its shops offer a vast range of genuine, brand name items, including perfumes and cosmetics, wines and spirits, tobacco products, confectionery, traditional Greek products, luxury items, clothing, and souvenirs. Brand name goods include: Bvlgari, Folli-Follie, Links of London, Juicy Couture, Ermenegildo Zegna, UGG, Victoria’s Secret Beauty & Accessories, Armani Jeans, Boggi, Trussardi, Gant, Marasil, Korres, Mastiha Shop, Swatch and many more. The products are 100% authentic. All items are purchased by the company directly from suppliers abroad, without middlemen or agents. This ensures quality, authenticity and low prices of the products sold. Starting out in 1979 with two sales outlets, it now operates an extensive network of 111 shops at 44 points throughout Greece (22 airports, 11 border stations, 11 ports). Hellenic Duty Free Shops owns the subsidiary Hellenic Distributions SA which was founded in September 2000. Today, the company operates an extensive network of stores in airports and ports across Greece. It has been active in on-board ship handling and the duty free wholesaling sector since 2005. More specifically, the company supplies and distributes products by world-famous brands to cruise ships, ferryboats, cargo vessels, ship chandlers, the military forces, and embassies, among others. It ranks as its sector’s leading company in Greece, focusing its activities on the merchandising of tobacco, cigars, wines, liquors, perfumes and cosmetics, confectionery, sunglasses, watches toiletries, accessories, and so on. Furthermore, it is the exclusive distributor of PHILIP MORRIS, PAPASTRATOS, PERNOD RICARD, HERSHEY’S, WORLD BRANDS DUTY FREE, WILLIAM GRANT’S, IAN MACLEOD, QUALITY SPIRITS INTERNATIONAL, MONUS Doo, NEMIROFF, EFE ALKOLLU, IMPERIAL TOBACCO, PHOENICIA FEREOS and FOLLI FOLLIE WINE in Greece. The company’s headquarters are located in Piraeus, Greece’s largest port, where it operates its administrative offices and maintains top-quality storage areas. In 2013, the Dufry Group, a leading travel retail operator headquartered in Switzerland, completed its acquisition of Hellenic Duty Free Shops following a transfer of the company’s 49% equity stake. In the lead-up, the Folli Follie Group had transferred 51% of Hellenic Duty Free Shops stake equity to Dufry.

60,644,000.00 €

Contact Details 23rd km Athens-Lamia national highway, 145 65,Agios Stefanos, Attica, Greece Tel: +30 210 6269400 Fax: +30 210 6269600 E-mail: Website:

170 Diamonds

HELLENIC DUTY FREE SHOPS SA 2013 2014 Turnover 266,347,000.00 € 295,688,000.00 € Profit Before Taxes 63,131,000.00 € 60,644,000.00 € Gross Profit 150,069,000.00 € 164,220,000.00 € Net worth 266,937,000.00 € 311,984,000.00 € Liabilities 432,064,000.00 € 367,280,000.00 €

Change (%) 11.0 -3.9 9.4 16.9 -15.0





Greece′s LIST



.g re

e c e sl

co . t s i


Kαλώς ήλθατε στη νέα τράπεζα πληροφοριών των εν Ελλάδι επιχειρήσων

Καδμείας 17, Τ.Κ.118 55, Αθήνα, Τηλ.: 210 3421 177, Fax: 210 3421 955,, E-mail: Diamonds 171


COSMETICS Industrial


Holding a leading position in the Greek market

Turnover 17,955,885.00 €

PROFIT BEFORE TAXES 55,261,528.00 €

Colgate-Palmolive is one of the most renowned brands in the field of consumer products worldwide. Its areas of activity expand across almost the entire range of consumer products, with a strong presence in more than 200 countries worldwide. Its flagship products include Colgate toothpaste and toothbrushes, Palmolive soaps and shampoos, Softsoap liquid hand soap and Mennen deodorants. In terms of sales volume growth indicators, economic indicators and performance and efficiency indicators, the firm occupies a leading position in the Greek market. Colgate was founded in 1806 by William Colgate as a soap and candle manufacturing enterprise in New York. In Greece, Colgate-Palmolive SA was founded on February 13, 1962 in Athens, but Colgate-Palmolive products were already known since 1950 as they were imported and distributed in the Greek market by Olympia, a company which continued to distribute Colgate-Palmolive products even after the establishment of the Greek firm and the domestic production of products, until 1974. In 1963, a small soap and toothpaste plant was built in Athens (Petrou Ralli St.), and in 1964 a contract was signed for the construction and leasing of the company’s new plant on 89 Athens St., Piraeus. The years 1966 and 1967 have both been an important milestone for the company, as the construction of its new plant was completed and started operation. Up to 1973, the firm’s production continued to grow and several new products were launched. From 1985 to 1995, Colgate-Palmolive Greece restructured its entire production process and organization, making major changes in the operation of the plant and gradually increasing foreign import of cosmetics. Also, in 1987, started operating a fully integrated plastic bottles and caps facility. At the same time, in 1990, it founded and started operating a special Department of Oral Hygiene Medicinal Products. In 1993, it founded its ultra modern production unit for sodium hypochlorite-based products, and in 1994 it made a major investment in real estate, as it purchased the building that housed its central warehouse. As of 1995, the company embarked on an extensive upgrading program of all sectors of its industrial and commercial activity and its systems. In the decade 1995-2005, Colgate-Palmolive significantly expanded its export activity, while upgrading facilities and building infrastructure. Colgate-Palmolive operates in Greece through two companies: Colgate-Palmolive Hellas SA and Colgate-Palmolive Commercial Hellas Ltd. In 2014, Colgate-Palmolive Hellas reported a drop in sales to 17.95 million euros against 19.43 million euros a year earlier. Pre-tax income jumped to 55.26 million euros compared to 2.76 million euros in 2013.

Contact Details 89 Athinon St., 185 41 Piraeus, Attica, Greece Tel.: +30 210 4831900 Fax: +30 210 4831924 Website:

172 Diamonds

COLGATE PALMOLIVE HELLAS SA 2013 2014 Turnover 19,439,863.00 € 17,955,885.00 € Profit Before Taxes 2,763,629.00 € 55,261,528.00 € Gross Profit 5,048,995.00 € 3,800,944.00 € Net worth 6,599,737.00 € 31,247,505.00 € Liabilities 48,609,422.00 € 36,476,967.00 €

Change (%) -7.63 1899.60 -24.72 373.47 -24.96


Transportation Commercial

Attica Tollway SA

Serving a large part of the capital

Turnover 159,868,000.00 €


Attica Tollway, locally known as Attiki Odos, is a pioneering project constructed on a concession basis and constitutes one of the biggest co-financed road projects in Europe. It was among the first generation of co-financed projects awarded in Greece during the ‘90s, and essentially paved the way for the execution of future successful concession contracts, in Greece and other European countries. Attica Tollway is a modern motorway extending along 65 km. It constitutes the ring road of the greater metropolitan area of Athens and the backbone of the road network of the entire Attica Prefecture. It is an urban motorway, with two separate directional carriageways, each consisting of 3 lanes and an emergency lane. The suburban railway of Athens has been constructed in the central reservation of the motorway. Attica Tollway constitutes a unique piece of infrastructure based on European standards, as it is essentially a closed toll motorway, within a metropolitan capital, where the problem of traffic congestion is acute. Attica Tollway is part of the PATHE road axis (Patra - Athens - Thessaloniki - Evzoni) and connects the Athens - Lamia national road with the Athens – Corinth national road, by-passing the centre of Athens. Being a closed motorway, it has controlled access points and consists of two sections, which are perpendicular to one another: the Elefsina - Stavros - Spata A/P motorway (ESSM), extending along approximately 52 km, and the Imittos Western Peripheral Motorway (IWPM), extending along approximately 13 km. There are several significant benefits resulting from Attica Tollway. Indicatively, the motorway forms the main backbone that links all the modes of transportation and infrastructures in the Attica region: i.e. road, air, rail and sea. It significantly improves traffic conditions within the capital, by absorbing a significant portion of the daily traffic moving across the Attica basin. The project contributes to urban development and completion of physical planning in the Attica prefecture. It promotes the strategic restructuring of the energy and telecommunication networks, while also contributing to the residential and business development of the remote areas of Attica. “Attikes Diadromes S.A.” was founded in 1999 and has undertaken the operation and maintenance of Attica Tollway. In 2014, the firm reported a slight drop in sales to 159.7 million euros against 162.4 million euros in 2103. Pre-tax income also slid, falling by 21.29 percent to 54.1 million euros compared to 68.7 million euros a year earlier.

Contact Details 41.9km Attica Tollway (Attiki Odos), 190 02, Paiania, Attica, Greece Tel: +30 210 6682000 Fax: +30 210 6635578 Email: publicrelations@attikesdiadromes. gr Website:

ATTIKI ODOS S.A. 2013 2014 Turnover 162,411,000.00 € 159,868,000.00 € Profit Before Taxes 68,708,000.00 € 54,081,000.00 € Gross Profit 66,547,000.00 € 85,329,000.00 € Net worth 479,735,000.00 € 402,405,000.00 € Liabilities 625,052,000.00 € 476,462,000.00 €

Change (%) -1.6 -21.3 28.2 -16.1 -23.8

Diamonds 173


ENERGY Industrial

Emmanouil Panagiotakis, Chairman & CEO PPC SA

Turnover 5,796,750,000.00 €

PROFIT BEFORE TAXES 47,910,000.00 €

Contact Details 30 Chakokondyli Str. 104 32 Athens, Attica, Greece Τel.: +30 210 52930301 E-mail: Website:

174 Diamonds


PPC today Public Power Corporation S.A. (PPC) is the biggest power producer and electricity supply company in Greece with approximately 7.4 million customers. PPC currently holds assets in lignite mines, power generation, transmission and distribution. PPC’s current power portfolio consists of conventional thermal and hydroelectric power plants, as well as RES units, accounting for approximately 68% of the total installed capacity in the country. After the spin-off of the Transmission and Distribution segments, two 100% subsidiaries of PPC were created, namely IPTO S.A. (Independent Power Transmission Operator S.A.) and HEDNO S.A. (Hellenic Electricity Distribution Network Operator S.A.). IPTO S.A. is responsible for the management, operation, maintenance and development of the Hellenic Electricity Transmission System and its interconnections, while HEDNO S.A. is responsible for the management, operation, development and maintenance of the Hellenic Electricity Distribution Network. In 2012, the total installed capacity of PPC generation plants was 12.5 GW. At the end of 2012, the number of permanent employees amounted to 19.998. PPC is active in the RES sector through its subsidiary company “PPC Renewables S.A.” (PPCR), with a portfolio of wind farms, small scale hydroelectric plants and photovoltaic plants of total installed capacity of 116 MW . Founded in 1950, PPC is listed on the Athens and London Stock Exchange as of December 2001.


Historical background In 1889 ‘electricity’ came to Greece. The General Contracting Company built the first electrical power plant in Athens. Thessaloniki, at the time still under Turkish occupation, was to see electrical light in the same year, when a Belgian Company was commissioned by the Turkish authorities to build a power plant. Ten years later multinational electricity companies made their appearance in Greece. The American company Thomson - Houston, together with the National Bank of Greece, founded the Hellenic Electricity Corporation which undertook the electricity supply of other major Greek cities. By 1929, 250 cities with a population of over 5,000 were supplied with electrical power. In the most remote areas, the supply of electricity was undertaken by local authorities or individuals who constructed small-scale power plants. In 1950 there were about 400 companies in Greece involved in the generation of electrical energy. The raw material they used was fuel oil and coal which were both imported from abroad. This fragmented power generation, together with the imports of fuel, pushed the price of electricity, supplied only during specific hours in the day. Industrial and rural needs imposed the uniform electrification of the country. In this view, the following conditions had to be met: ● Utilization of domestic resources. ● Integration of power generation into a single interconnected system . ● Creation of a single organization. Thus, in August 1950, the Public Power Corporation was established to operate ‘in the interests of the public’. The aim of the new company was to develop and implement a national energy policy through the intensive exploitation of domestic resources. Upon its establishment, PPC focused on the utilization of domestic energy resources and the integration of all networks into a national energy interconnected system. The rich lignite deposits began to be mined and used as the primary fuel in the lignite power plants. At the same time, the Company constructed hydroelectric power plants at the country’s major rivers in order to exploit the hydropotential of the country. At a fairly early stage, in 1956, it was decided that all private and municipal power generation companies were to be bought out, in order to create an integrated management organization. Gradually, PPC bought out all these companies and integrated their personnel in its own staff. Throughout these years, PPC strived for and achieved the country’s energy autonomy, while accomplishing the most significant project of supplying Greece with electricity. At the same time, PPC has been developed to one of the bigger heavy industries of the country.

PPC SA 2013 Turnover 5,918,652,000.00 € Profit Before Taxes -86,878,000.00 € Gross Profit 916,677,000.00 € Net worth 5,323,049,000.00 € Liabilities 9,444,516,000.00 €

2014 5,796,750,000.00 € 47,910,000.00 € 754,124,000.00 € 5,968,448,000.00 € 10,170,032,000.00 €

Change (%) -2.06 -17.73 12.12 7.68

Diamonds 175


REAL ESTATE Commercial


A leading force in real estate


Grivalia Properties REIC is a leading Greek Real Estate Investment Company and among the 20 strongest companies in the Athens Stock Exchange (ASE). The Company was established in 1952 under the name “Commerce, Industry, Buildings S.A.” (EBO S.A.). In 1985 the Company was acquired by the Bank of Crete and established a portfolio of 14 properties. In October 2014, the Company was rebranded to Grivalia Properties by Eurobank Properties, signaling a new era with regard to its company identity. The new brand name reflected the three key company components, with precision: Its Greek roots – GRivalia, its investment character – GrIvalia, its unique values – GriVALia. The Company focuses its activities in the real estate sector, especially in office, retail, logistics and industrial segments of the business, in highly commercial areas, provided that both the capital and the property market conditions permit it. Grivalia Properties’ portfolio contains a total of 85 properties and 1 plot of land. The occupancy rate is 95%, the land size is 1,173,447 sqm and buildings covers 743,902 sqm. Most properties (31) are for retail/commercial use, while office properties are 27 in total. The company owns another 17 properties for mixed use, 5 properties for industrial use and another 5 properties for special uses. The 79% of the annual rental income comes from “guaranteed” leases. The 89,3% of the properties are based in Greece, and the remaining 10,7% are based abroad. A total of 81 properties are located in Greece, while 2 are in Serbia and 3 in Romania. In addition, the company has one subsidiary in Greece, three in Romania, one in Serbia and two in Luxembourg. In 2015, the Group reported a rise in sales to 57.65 million euros compared to 50.64 million euros a year earlier, up 14%, helped primarily from returns on new investments made in 2014 and 2015. Pre-tax earnings 61.97 million euros compared to 49.99 million euros a year earlier. In Q1 2016, the firm posted revenue of 15.43 million euros, with a net profit of 10.57 million euros.

42.158.000,00 €

PROFIT BEFORE TAXES 40.213.000,00 €

Contact Details 117 Kifissias Ave. & Agiou Konstantinou St., 151 24, Maroussi, Athens Tel.: +30 210 8129600 Fax: +30 210 8129670 Email: Website:

176 Diamonds

GRIVALIA PROPERTIES REIC 2013 2014 Turnover 30.213.000,00 € 42.158.000,00 € Profit Before Taxes -8.392.000,00 € 40.213.000,00 € Gross Profit -12.406.000,00 € 41.002.000,00 € Net worth 621.418.000,00 € 833.375.000,00 € Liabilities 95.203.000,00 € 44.183.000,00 €

Change (%) 39,5 34,1 -53,6



Turnover 89,282,368.00 €

PROFIT BEFORE TAXES 35,404,031.00 €

Contact Details 6-8 Agisilaou St., 151 23 Maroussi, Attica, Greece Tel.: +30 210 6864111 Fax: +30 210 6864710 Website:

SERVICES Commercial Apostolos Vakakis

Turnover 454.276.468

Turnover PROFIT BEFORE TAXES 40,250,487.00 96.956.097 €

PROFIT ContactBEFORE Details TAXES 33,180,290.00 €

Contact Details 60 Kifissias Ave., 151 25 Maroussi, Attica, Greece Tel.: +30 210 615 1000 Fax: +30 210 610 5049 E-mail: Website:


Among the oldest multinational companies in the country Siemens is constantly strengthening its presence in Greece and has been fully incorporated into the country’s economy. The companies of Siemens Group offer products and services conforming to top technical and quality standards, while the Group’s modern industrial facilities manufacture high-tech products designed for both the domestic and global markets. Siemens A.E. Electrotechnical Projects and Products takes care of distribution of electrotechnical and electronic products, planning, design, installation and assembly, technical support, consulting, general supervision and coordination of business activities of the entire Siemens Group in Greece. Electrification, automation and digitization are Siemens’ long-term growth sectors. To make the most of the market potential of these sectors, the company operates nine divisions, while medical sector services are managed separately. In 2015, the company reported a drop in sales to 78.10 million euros against 89.28 million euros a year earlier, or down 12.5%. SIEMENS SA 2013 Turnover 79,483,773.00 € Profit Before Taxes -21,794,113.00 € Gross Profit 18,569,893.00 € Net worth -6,775,485.00 € Liabilities 124,458,244.00 €

2014 89,282,368.00 € 35,404,031.00 € 25,648,541.00 € 22,652,314.00 € 118,737,999.00 €

Change (%) 12.33 38.12 -4.60


Overseeing an exceptionally tough and competitive market EETT is the National Regulatory Authority, which supervises and regulates Greece’s telecommunications and postal services market. EETT’s institutional purpose is to promote the development of the two sectors, to ensure the proper operation of the relevant market in the context of fair competition and to provide for the protection of the interests of the end-users. EETT is an independent selffunded, decision-making body. Established in 1992 by Act 2075 under the name The National Telecommunications Commission (EET), EET actually commenced its operation in summer 1995. It was primarily responsible for the supervision of the liberalized telecommunications market. In addition, following the adoption of Act 2668/98, which provides for the organization and operation of the postal services sector, EET was entrusted with the supervision and regulation of the postal services market and was renamed to Hellenic Telecommunications and Post Commission (EETT). EETT’s supervising and regulatory role was further enforced by Act 2867/2000. HELLENIC TELECOMMUNICATIONS & POST COMMISSION 2013 2014 Turnover 42,069,024.00 € 40,250,487.00 € Profit Before Taxes 36,156,865.00 € 33,180,290.00 € Gross Profit 29,791,065.00 € 29,095,027.00 € Net worth 213,317,350.00 € 159,325,615.00 € Liabilities 31,893,119.00 € 31,670,635.00 €

Change (%) -4.32 -8.23 -2.34 -25.31 -0.70

Diamonds 177




Producing 70% of BIC razor blades in Greece

Dimitris Pisimisis, CEO

BIC, one of the most recognized brand names in the world, specializes in the manufacturing distribution and selling of consumable products in 160 countries all over the world. VIOLEX launched its operations in 1952 as a small family-run business owned by the Politis family, manufacturing shaving razor blades. In the 1970s, Anastassios Politis joined Violex’s forces with the French group BIC, which had made major impact with its disposable ballpoint pen. Violex remained a Greek firm, and was renamed Violex BIC. In 1999, the firm was acquired by BIC group but BIC VIOLEX remained a purely Greek firm. The company is now globally managed by Greek executives, while its products are 100 percent made in Greece. BIC Violex SA is headed by CEO Dimitrios Pisimisis. Today, BIC Violex serves as the international centre for the BIC group’s razor blades division, employing a staff of 1,200. Seventy percent of BIC’s razors for global market are designed and manufactured in Athens. Therefore, it can be asserted that an entirely Greek product dominates markets in all five continents. Essentially, production procedures of all of BIC’s razor blade shaving products begin in Greece, by a Greek firm that maintains four production facilities in the wider Athens district of Anixi, where the products are designed and manufactured. The location is also home to BIC’s R&D department. The France-based parent company, Société BIC SA, produces writing products, lighters, and razors with sales in 160 countries covering all continents, from developed to developing markets. Its BIC products are available at as many as 3.2 million retail outlets, while 9,200 persons are employed by the company worldwide. In 2014, BIC Violex saw its sales inch up to 167 million euros against 166 million euros a year earlier. However, its pre-tax income dropped to 30 million euros compared to 36 million euros in 2013.

Turnover 167,058,976.00 €

PROFIT BEFORE TAXES 30,088,129.00 €

Contact Details 58 Ag. Athanassiou St., Anixi 145 69, Attica, Greece Τel: +30 210 6299000 Fax: +30 210 6216808 E-mail: Website:

178 Diamonds

BIC VIOLEX SA 2013 Turnover 166,047,747.00 € Profit Before Taxes 36,288,102.00 € Gross Profit 61,967,058.00 € Net worth 133,001,244.00 € Liabilities 60,155,267.00 €

2014 167,058,976.00 € 30,088,129.00 € 56,911,589.00 € 107,258,683.00 € 86,666,944.00 €

Change (%) 0.6 -17.1 -8.2 -19.4 44.1




Seeking to develop Piraeus into the Mediterranean’s shipping focal point

Fu Cheng Qiu Captain

Turnover 134,929,179.00 €

PROFIT BEFORE TAXES 29,931,832.00 €

Piraeus Container Terminal S.A. is a company registered in Greece and a wholly-owned subsidiary of COSCO Pacific Limited, a leading container terminal operator, ranked fifth worldwide. PCT is principally engaged in the development, operation and commercial utilization of the existing Pier II. Its future plans include construction of Pier III, so as to achieve a substantial growth in container handling capacity. PCT develops, maintains and manages container terminal facilities and operations for all types of containers. With the aid of modern equipment, advanced technologies and an experienced workforce, it operates container terminals with the objective of being a gateway and shipping hub in Greece, the Mediterranean and Europe by providing modernized and customer-oriented terminal services. PCT currently operates the four berths at Pier II, which will be expanded to six berths when Pier III is ready. Pier II’s west-side quay length is 700 meters with a depth of 16 meters, while Pier II’s eastside quay length is 787 meters with a depth of 14 meters. Pier III’s east-side quay length will be 600 meters with a depth of 16 meters. It is scheduled to be launched this year. Thirteen new super post panamax quay cranes will be added to Pier II and Pier III to expand the number of quay cranes from the existing eight units to 21 units thus year. PCT occupies a total floor area of about 763,998sqm, with an enormous supporting container stacking area – paved with concrete blocks and designed for an annual capacity of about 3.7 million TEUs, when Pier III is ready. The stacking blocks will be served by 24 units of state-of-the-art automated rail-mounted gantry cranes (RMGs). There will be 1,000 plug points for refrigerated containers. In 2014, the company reported a rise in sales to 135 million euros, a 15.36% increase year-on-year. A total of 116.29 million euros were generated by loading and unloading activity, 8.64 million euros stemmed from storage, 4.46 million euros from shipping and mooring revenues, and 5.45 million euros from other activities. An additional 1.9 million euros were earned by shipping electricity supply fees.

Contact Details Sembo Neo Ikonio, 188 63 Perama, Attica, Greece Te.l: +30 2104099100 Fax: +30 2104099101 Website: E-mail:

PIRAEUS CONTAINER TERMINAL S.A. 2013 2014 Turnover 116,960,319.00 € 134,929,179.00 € Profit Before Taxes 24,582,138.00 € 29,931,832.00 € Gross Profit 33,163,021.00 € 39,498,051.00 € Net worth 103,502,340.00 € 125,440,086.00 € Liabilities 247,145,910.00 € 236,077,312.00 €

Change (%) 15.36 21.76 19.10 21.20 -4.48

Diamonds 179




Handling over 16 million tons of cargo per year

Dimitrios Makris, Chief Executive Officer

Turnover 56,280,238.00 €

Thessaloniki port is a European port and the natural gateway for the economic activities of the inland markets beyond Greece. It serves the growing needs of those countries for the import and export of raw material, consumer products and capital equipment. The port is a vital element of the country’s economy while it is also playing a substantial role in the effort of northern Greece and Thessaloniki, the region’s main city, to establish itself as the Eastern Mediterranean’s economic focal point. The port enjoys a privileged position as it is located at the crossroad of land transportation networks. Moreover, Thessaloniki’s port is at a driving distance from the city’s the International “Macedonia” Airport, 16 kilometers away, and just one kilometer from the central railway station. Thessaloniki’s port has a total quay length of 6,200m and a sea depth of 12 meters. It possesses 600,000 square meters of indoor and open-air storage area, as well as modern mechanical equipment for secure and prompt handling of all kinds of cargo - general, bulk and containers. Thessaloniki Port Authority S.A. currently ranks as one of the northern Greece region’s biggest employers, with a workforce of over 600 persons. Overall, more than 2,000 persons are active within the port’s premises every day. The Thessaloniki port handles over 16 million tons of cargo annually – 7 million tons of dry cargo and 9 million tons of liquid fuel cargo - 370,000 TEUs containers, 3,000 ships and 220,000 passengers. The port’s services for the cargo sector are comprised of loading, unloading, servicing and storage of all kinds of cargo - containers, bulk and general cargo - from and to ships, trucks and rail wagons. For ships, the port provides anchoring, mooring, water supply, power, telecommunication supply, and waste management services. As for passengers, the port offers a modern terminal that provides ship and cruise liner passengers with numerous services. The company places major emphasis on personnel and cargo safety, as well as respect for environment protection. Thessaloniki Port Authority S.A. became the Mediterranean’s first port to receive “Port Environmental Review System” certification for environmental issues, granted by the European Sea Ports Organization (ESPO) and the ECOPORTS Foundation.

PROFIT BEFORE TAXES 28,388,514.00 €

Contact Details Dock A Thessaloniki’s Port, 541 10 Thessaloniki, Thessaloniki, Greece Tel.: +30 2310 593121 Fax: +30 2310 593121 E-mail: Website:

180 Diamonds

THESSALONIKI PORT AUTHORITY SA 2013 2014 Turnover 51,560,097.00 € 56,280,238.00 € Profit Before Taxes 24,342,237.00 € 28,388,514.00 € Gross Profit 22,924,773.00 € 27,977,902.00 € Net worth 148,454,885.00 € 127,768,713.00 € Liabilities 16,003,559.00 € 17,441,854.00 €

Change (%) 9.15 16.62 22.04 -13.93 8.99




A modern European-standards motorway in Greece

Turnover 65,139,846.00 €

PROFIT BEFORE TAXES 28,172,959.00 €

Olympia Odos is one of the largest concession projects of strategic importance for Greece, as a modern European-standards motorway, constructed to connect the Peloponnese with Central Greece and Europe. The project includes the design, construction, maintenance and operation of the 201.5-km Elefsina-Korinthos-Patra road axis. The concession project, of a contracted 30-year duration, is funded partly by the Greek State and the European Union, but mainly through private investments by strong Greek and foreign companies with a long and successful history in constructing high quality and cost-effective infrastructure projects, as well as provision of high-level operation services. The new, modern and secure motorway will offer an upgraded and safer link with the south-western part of Greece, and in particular to and from Patras Port, the archaeological sites and tourist areas, enhancing export activities and rural production. Olympia Odos is the only project constructed while open to traffic along its 120km, and therefore is the most challenging project currently under construction in Greece. The widening of the existing road is implemented either on one or on both sides of the motorway, depending on the case. At the same time, high quality operation services are provided both for the completed sections and the challenging section of Korinthos - Patra, which is still under construction. Patrols, emergency teams and maintenance staff, in cooperation with the Traffic Police, Fire Brigade and private road assistance companies, are on the alert to provide drivers with road assistance in case of emergency, 24 hours a day, 365 days a year, as well as securing the high standard corrective and preventive maintenance of the network. The shareholders of OLYMPIA ODOS S.A. are: - VINCI CONCESSIONS S.A. (29.9%) - Hochtief PPP Solutions GmbH (17%) - J&P-AVAX S.A. (17%) - AKTOR Concessions S.A. (17%) - GEK Terna S.A. (17%) - ATHENA S.A. (2.1%).

Contact Details 4 Rizariou St., 15233 Chalandri, Attica, Greece Tel.: +30 210 6843041 Fax: +30 210 6843406 E-mail: customercare@olympiaoperation. gr Website:

OLYMPIA ODOS SA 2013 2014 Turnover 58,416,404.00 € 65,139,846.00 € Profit Before Taxes 28,825,097.00 € 28,172,959.00 € Gross Profit 27,868,891.00 € 36,667,412.00 € Net worth 203,052,766.00 € 402,607,532.00 € Liabilities 657,633,911.00 € 795,521,939.00 €

Change (%) 11.51 -2.26 31.57 98.28 20.97

Diamonds 181


NATURAL GAS Industrial

Turnover 189,278,000.00 €

PROFIT BEFORE TAXES 27,424,000.00 €

Contact Details 357-359 Messogion Avenue, 152 31 Halandri, Attica, Greece Tel.: +30 210 6501200 Fax: +30 210 6749504 E-mail: Website:


Pivotal role in the country’s energy sector The Hellenic Gas Transmission System Operator (DESFA) S.A. was founded in March 2007 following legislation ratified in 2005 for the natural gas market’s liberalization and alignment with an EU directive. DESFA was established as a subsidiary company of DEPA, the Public Gas Corporation. The National Natural Gas System (NNGS) sector was transferred from DEPA to DESFA. The NNGS, as defined by Greek law, includes the National Natural Gas Transmission System (pipelines with design pressure above 19 barg) and the LNG terminal station on Revythousa, an islet in the Saronic Gulf, close to Athens. Through the transfer, DESFA acquired the full and exclusive right to the operation, management, exploitation and development of the NNGS. DESFA is also the owner of the NNGS. A presidential decree in 2007 also established procedures for the transfer of personnel for DEPA to DESFA. In 2010, following a bilateral agreement between Greece and Russia, South Stream – Greece SA was established for the South Stream natural gas pipeline’s Greek segment, as a joint venture between Russia’s Gazprom and DESFA SA, on a fifty-fifty basis. The company’s headquarters are located in the Greek capital’s northern suburb of Halandri. HELLENIC GAS TRANSMISSION SYSTEM OPERATOR SA 2013 2014 Turnover 194,122,000.00 € 189,278,000.00 € Profit Before Taxes 53,619,000.00 € 27,424,000.00 € Gross Profit 76,373,000.00 € 31,005,000.00 € Net worth 808,272,000.00 € 816,129,000.00 € Liabilities 707,322,000.00 € 655,705,000.00 €

Change (%) -2.50 -48.85 -59.40 0.97 -7.30


Apostolos Vakakis

Turnover 454.276.468

Turnover PROFIT BEFORE TAXES 31,875,123.00 € 96.956.097

PROFIT BEFORE TAXES 25,317,790.00 €

Contact Details 5th km Varis Koropiou Ave., 19400, Koropi, Attica, Greece Tel: + 30 210 6697500 Fax: +30 210 6697629 E-mail: Website:

182 Diamonds

A leading force in the sector Inform P. Lykos SA was founded back in 1897 as a printing company. It went public in 1994, with its shares traded on the Athens Stock Exchange. Today, the company stands as an indispensable link in the communication chain that manages the life cycle of the document, transforming it into an electronic and strategic unit of information. The company leads the market in printing products, such as business forms, security and commercial printing, carton and plastic cards. Inform P. Lykos is a pioneer in the market for business process outsourcing, offering statement and bill digital printing and fulfillment, electronic bill presentment, card personalization, loyalty software applications and print management services. The company operates from its purpose-built premises of offices and production areas, covering a floor space of 25,000 sqm in the Attica region, employing a staff of more than 230. The firm successfully delivers products, services and integrated solutions customized to highly sensitive and demanding requirements for Banks, Telecommunications, Governments, Lotteries, Retailers and other organizations. Export sales have been increasing rapidly during recent years, covering Europe and North Africa. Its international sales currently account for 30% of total sales, while the company’s target is to double this figure over the next couple of years. In 2014, the firm reported a drop in total sales to 31.87 million euros against 35.02 million euros a year earlier. However, it managed to significantly improve pre-tax earnings from a loss on 302,000 euros in 2013, to 25.31 million euros in 2014. In addition, in 2015, Inform P. Lykos reported a rise in sales to 34.88 million euros, even though recording a loss of 2.59 million euros. The firm’s planning for 2016 is focusing on four main pylons: New markets and customers, new products, improvement in performance and new partnership opportunities. INFORM P. LYKOS SA 2013 Turnover 35,022,370.00 € Profit Before Taxes -302,744.00 € Gross Profit 9,152,620.00 € Net worth 47,686,977.00 € Liabilities 38,250,986.00 €

2014 31,875,123.00 € 25,317,790.00 € 5,733,629.00 € 72,705,984.00 € 38,767,837.00 €

Change (%) -9.0 -37.36 52.5 1.4


NATURAL GAS Commercial


Supplying Northern Greece with natural gas The Thessaloniki Gas Distribution Company SA (EPA Thessaloniki) was founded in 2000 with a scope to play a role as a driving force in the dissemination of know-how on the use of natural gas in urban consumption. EPA Thessaloniki is owned by Greece’s Public Gas Corporation (DEPA) and a foreign strategic investor (ENI Hellas spa), with each one holding a stake of 51pct and 49pct, respectively, while ENI Hellas also holds the firm’s management. EPA Thessaloniki holds a 30-year exclusive license from the Ministry of Development for the management of natural gas promotion and supply for customers consuming up to 100 GWh in the wider region of Thessaloniki. Consumption of natural gas in Thessaloniki is projected to reach an annual 215 million cubic meters in 2015, covering all possible consumption sectors (residential, services, industry). Current household natural gas consumption levels (heating, hot water) are considered satisfactory; however, there is great growth potential in the air conditioning and power cogeneration fields, considering the favourable climatic and energy conditions offered in Greece to widely disseminate new uses. More than 35 km of new pipelines and some 10,000 new natural gas supply points were constructed in 2014, in various urban regions throughout Thessaloniki, bringing the total number of supply points to over 190,000 at the end of 2014. In 2015, the company reported a rise in sales to 124.31 million euros, up 8.9% compared to 114.14 million euros a year earlier. Natural gas volume sold in 2015 rose 15.8% year-on-year. EBITDA also rose to 45.00 million euros against 37.27 million euros a year earlier, up 20.7%. Net income after taxes rose 24.6% to 21.88 million euros.

Turnover 127,272,493, 00 €

PROFIT BEFORE TAXES 23,981,164, 00 €

Contact Details 256 Monastiriou St. & 7 Glinou St., 546 28 Menemeni, Thessaloniki, Greece Tel.: +30 2310 584000 Fax: +30 2310 546365 Website:

THESSALONIKI GAS DISTRIBUTION COMPANY SA 2013 2014 Turnover 140,934,411.00 € 127,272,493.00 € Profit Before Taxes 29,297,579.00 € 23,981,164.00 € Gross Profit 37,578,113.00 € 32,272,214.00 € Net worth 265,302,812.00 € 227,399,592.00 € Liabilities 48,838,523.00 € 45,514,232.00 €

Change (%) -9.69 -18.15 -14.12 -14.29 -6.81

Diamonds 183


Supermarkets Commercial


Dominating the country’s north retail

Ioannis Masoutis, Chief Executive Officer

The company was founded by Diamandis Masoutis, 39 years ago, in 1976, with an outlet in the heart of Thessaloniki, on Krystalli St. Diamantis Masoutis SA, a Greek company active in the retail food sector, operates 255 stores in total. Among them, 236 are supermarkets, and 19 Wholesale Cash & Carry outlets. It has two green stores, three fuel stations and 145 express markets. Diamandis Masoutis covers the Greek regions of Makedonia, Thrace, Thessaly, Epirus, Thesprotia, as well as the islands of Limnos and Lesvos. The company employs more than 6,000 staff members. Nowadays, the chain of outlets covers northern Greece, where it holds a dominant retail trade position. On a national level, the firm ranks as one of the country’s four largest chains. Diamandis Masoutis distribution center cover 60,000 sq.m. It employs a staff of 430, while it has a fleet of 60 trucks and total investments amount to 50 million euro. The retail chain has more than 1 million holders of its loyalty MasClub card. Diamandis Masoutis has been awarded as best workplace for three consecutive years (2012, 2013 and 2014), and was among the 25 best large workplaces in Europe for the years of 2013 and 2014. In 2014, the supermarket chain reported slightly increased sales of 742 million euros, against 738 million euros a year earlier, up 0.44%. Operating expenses in 2014 rose to 204 million euros compared to 200 million euros in 2013, an increase of 2.26%. EBT increased to 23 million euros against 17 million euros in 2013, an increase of 31.74%. In 2015 the chain focused on accelerating its growth by adding new stores to its network. In the commercial sector, priority was given to price policy, aimed at strengthening competitiveness, as well as to new product categories with emphasis on private label products.

Turnover 742,176,000.00 €

PROFIT BEFORE TAXES 23,164,000.00 €

Contact Details 14th Km Thessaloniki – Vasilikon road, 570 01, Thermi, Thessaloniki, Greece Tel: +30 2310 803 803 Fax: +30 2310 803 804 Website:

184 Diamonds

DIAMANTIS MASOUTIS SA 2013 2014 Turnover 738,890,000.00 € 742,176,000.00 € Profit Before Taxes 17,584,000.00 € 23,164,000.00 € Gross Profit 164,030,000.00 € 165,528,000.00 € Net worth 106,889,000.00 € 116,413,000.00 € Liabilities 387,176,000.00 € 377,731,000.00 €

Change (%) 0.4 31.7 0.9 8.9 -2.4



Plaisio Computers

The innovation leader of technology Plaisio Computers holds the first place in Technology & Office products and plays a leading role in the greek market for over 47 years. Since 1969, the company invests constantly in the improvement of all its channels, physical and digital (26 stores located in major cities, with more than 100.000 unique visitors per day, monthly catalogues, B2B which serves 160.000 businesses, direct sales), so that consumers receive a fresh and up-to-date experience as well as innovative and personalized services. Plaisio founded its HQ – Assembly – Logistics Center in Magoula - Attica in a proprietary area of 22.500 m2 with a production capacity of 350.000 computers yearly and the biggest technology stock in Greece. In the same area, Plaisio operates a 1.200m2 store and its administration offices. At the same time, the company runs successful campaigns in all social media platforms (Facebook, Twitter, Pinterest, YouTube, Google+, Foursquare) with an ever-increasing number of followers. In addition to these, the key factors of Plaisio success are brand building (Turbo-X, Sentio, Q-Connect), the direct connection with international leaders in computer components, e.g. Intel & nVidia, the wide range of more than 25.000 products and competitive prices combined with cutting – edge technology. Specifically, in 2015 Plaisio announced:

Costas Gerardos, Vice President & CEO

Turnover 297.548.490

1) The launch of a redesigned and fully responsive website 2) The entry in the innovative educational toys’ category ( S.T.E.M) 3) The launch of tech-freaks’ campaign for brand engagement and uniqueness 4) The planning of a 2.500m2 superstore in Dafni region Moreover, Plaisio was announced “E-Retailer of the year 2015” (Direction) and stood out as a “True Leader” (ICAP) amongst 22.200 companies in Greece.


Contact Details Thesi Skliri, Magoula Attica 19018 Tel.: +30210-5587700 Website:

Turnover Profit Before Taxes Gross Profit Own Equity Liabilities

PLAISIO COMPUTERS SA 2015 2014 Change (%) 271.984.795 297.548.490 -8,59% 9.345.024 22.269.919 -58,04% 61.192.308 73.069.075 -16,25% 84.117.710 88.460.857 -4,91% 54.574.293 53.332.724 2,33%

Diamonds 185




Supplying Greece’s “northern capital” with water

Nikolaos Papadakis, President and CEO

Thessaloniki Water Supply & Sewerage Co. S.A., trading as EYATH S.A. was founded in 1998 following a merger of Thessaloniki Water Supply Organization S.A. (OYTH S.A.) and Thessaloniki Sewerage Organization S.A. (OATH S.A.). Prior to that, in 1997, OYTH and OATH, which had been bodies governed by public law, had been converted into S.A. companies. EYATH is listed on the Athens Stock Exchange. It is governed by the provisions of Codified Law 2190/1920 on societes anonyme (Government Gazette 135/A) and in a supplementary manner by the provisions of Chapter II of Law 2937/2001 (Government Gazette 169/A) and Law 3016/2002 as amended by Law 3091/2002. The company is supervised by the Ministries of Economy & Finance and Macedonia-Thrace, and its effective term is 99 years, running from 3.11.1998 to 3.11.2097. The initial Articles of Association were approved by decision No. ΕΓΑ/606/26-7-2001 (Government Gazette 989/30.7.2001) and the company holds Companies Register No. 41913/06/B/98/32. Interministerial Commission on Privatisation Decisions No. 563/17.10.2000 and No. 605/27.07.2001 resolved to list the company on ATHEX. This was achieved by selling off the shares from the share capital increase and selling off existing shares owned by the Greek State, which had been its exclusive shareholder up to that point. EYATH’s Extraordinary General Meeting of Shareholders held on 27.7.2001 unanimously decided to increase the share capital and list the company’s shares on the Main Market of ATHEX. In 2015, the company reported flat sales at 73.05 million euros against 73.69 million euros a year earlier. Pre-tax income rose marginally (1.8%) to 20.70 million euros compared to 20.33 million euros in 2014.

Turnover 73,693,000.00 €

93,000.00 € 20,122,000.00 €

PROFIT BEFORE TAXES 20,122,000.00 €

Contact Details 127 Egnatias St., 546 35 Thessaloniki, Greece Tel.: +30 2310 96900 Fax: +30 2310 275730 E-mail: Website:

186 Diamonds

THESSALONIKI WATER SUPPLY & SEWERAGE CO. SA 2013 2014 Turnover 72,299,000.00 € 73,693,000.00 € Profit Before Taxes 17,730,000.00 € 20,122,000.00 € Gross Profit 26,522,000.00 € 26,886,000.00 € Net worth 143,212,000.00 € 145,481,000.00 € Liabilities 48,315,000.00 € 43,634,000.00 €

Change (%) 1.93 13.49 1.37 1.58 -9.69


Metallurgical Products Industrial


A dynamic presence in the global aluminum industry

Turnover 462,567,000.00 €

PROFIT BEFORE TAXES 19,258,000.00 €

Contact Details 8 Artemidos St., 15125, Maroussi, Athens, Greece Tel.: +30 210 3693000 Fax: +30 210 3693108 E-mail: Website:

For half a century now, ALUMINIUM OF GREECE, has been a pillar of the Greek heavy industry sector. It was established in 1960 by Pechiney, the French metallurgy giant of the time, with the aim to exploit the rich bauxite deposits of Central Greece for production o alumina and aluminium. In 2005, ALUMINIUM became a member of the MYTILINEOS Group and today is Europe’s most modern vertically-integrated alumina and aluminium production and trading plant. The company currently employs directly and indirectly some 40,000 people and is posting sales figures in excess of 2.0 billion euros or 0.7% of the country’s GDP. Headquartered in Agios Nikolaos, Prefecture of Viotia, on the northern coast of the Corinthian Gulf, the industrial complex of ALUMINIUM OF GREECE occupies an area of 750 hectares and employs 1,100 people directly and more than 400 indirectly, all of them residents of the wider region. Since its establishment to date, the Company has been a catalyst for local growth and is proud to support –and be supported by– generations of employees who are the driving force of an industry that develops pioneering know-how at a global level. The company markets three products: Bauxite, Alumina and Aluminium. Bauxite, mined by DELPHI-DISTOMON, is the basic raw material for the production of alumina and aluminium. Alumina is the industrial product derived from bauxite ore and is used to produce primary cast aluminium, as well as other non-metallurgical products (abrasives and insulating materials, refractory materials, detergents, pharmaceuticals and substances used in the treatment of water). ALUMINIUM OF GREECE produces primary cast aluminium by electrolyzing calcined (anhydrous) alumina. The Company’s production plant comprises of: Anodes Line, Electrolysis Line, Foundry Line and Production Support Line. The industrial complex of ALUMINIUM OF GREECE is one of Europe’s most modern vertically-integrated production plants and the largest of its kind in SE Europe. The complex, located in the coastal area of Agios Nikolaos, Viotia, is strategically positioned in the centre of the mountainous region defined by Mt Helikon, Mt Parnassus and Mt Giona – Greece’s major bauxite deposits zone. In 2014, ALUMINIUM OF GREECE successfully completed its competition recovery program, FUTURE, which resulted to a noticeable cost reduction. With regard to production, the firm hit a historical record both in the production of alumina hydrate, as a result of the historical performance of the pumping availability index, and the generation of Electrolysis (liquid metal), as a result of the activation of its project for increasing electricity intensity in the Basins of Electrolysis. The increase in the production of liquid metal also favored the production of Foundry end products. Sales of alumina hydrate, a product that earns high margins for ALUMINIUM, maintained its market share, amounting to 134,000 tonnes. Aluminum sales focused for another year in high added value products. ALUMINIUM OF GREECE INDUSTRIAL AND COMMERCIAL SA 2013 2014 Turnover 428,213,000.00 € 462,567,000.00 € Profit Before Taxes -12,361,000.00 € 19,258,000.00 € Gross Profit -3,802,000.00 € 46,582,000.00 € Net worth 399,623,000.00 € 412,148,000.00 € Liabilities 477,942,000.00 € 453,701,000.00 €

Change (%) 8.0 255.8 1325.2 3.1 -5.1

Diamonds 187




Active in Greece for more than a 100 years

Turnover 385,064,848


Contact Details 4 Patroklou St., 151 25, Marousi, Attica, Greece Tel.: +30 210 6884111 Fax: +30 210 6840649 E-mail: Website:

188 Diamonds

Nestlé Hellas is a member of the Greek family for more than a hundred years, marketing some of the most favorite products. In 2015, Nestlé Hellas was voted amongst the 20 Most Admired Companies and was listed 10th in the respective list of the FORTUNE magazine. The company operates 3 factories in Greece, which account for more than 60% its annual turnover and employ a staff of 1,000. Nestlé Hellas is amongst the most dynamic companies in the sector, exporting some of the most favorite brands to the world’s largest markets. More precisely, its factories export more than 315 tonnes of coffee (Loumidis Papagalos & Nescafé) and 1.8 million lts of Korpi Mineral Water in 24 countries, including the US, Australia, United Kingdom and Germany, whilst the ice cream factory in Tavros exports to Canada, Germany, Italy, Spain and Balkan states. The company is particularly active in the corporate social responsibility sector, implementing the program “Creating Shared Value”. Within this framework, Nestlé Hellas in 2015 donated 400,000 baby food meals in regions and municipalities across Greece covering the needs of approximately 15,000 infants. At the same time on November 2013, the company launched the pan-European program “Nestlé needs YOUth” in Athens. The initiative aims to provide a wide range of employment opportunities for more than 20,000 young people under 30 and strengthen their capabilities and professional skills. The initiative has now expanded to all zones of business of the Group, whilst for Greece this means a total of 500 job opportunities and apprenticeships. Within the framework of “Healthy Kids,” a global program on nutritional education, Nestlé Hellas recently completed a three-year partnership with Athnes’ Harokopeio University, by including the Region of Thessaloniki in the study for the effects of the socioeconomic level to the development of kids of the area. Notably, Nestlé Hellas’ “Healthy Kids” program has reached more than 110,000 kids in Greece since 2009. In addition, in 2015 the company invested a total of 3 million euros in its ice cream and coffee factories, while it announced a significant investment of 8.5 million euros by 2017 in its coffee plant in Oinofyta. For 2016, investments are expected to reach 10 million euro. A series of company initiatives and practices undertaken in the past year have been awarded with “Corporate Affairs Excellence Awards,” “Facility Management Awards” and “HR Awards 2015”.

NESTLÉ HELLAS SA 2013 2014 Turnover 407,469,991.00 € 385,064,848.00 € Profit Before Taxes 22,420,111.00 € 18,633,977.00 € Gross Profit 216,631,829.00 € 203,198,644.00 € Net worth 63,500,501.00 € 59,133,411.00 € Liabilities 279,249,115.00 € 268,734,959.00 €

Change (%) -5.50 -16.89 -6.20 -6.88 -3.77



Turnover 3,315,623.00 €


Having constructed more than 1000MW in wind and solar projects EDF EN HELLAS, a subsidiary of EDF Energies Nouvelles, was established in 2005 and is currently among Greece’s largest investment companies in power generation from renewable energy sources. The firm ahs a number of subsidiaries, through which it builds and commissions wind and solar power stations throughout Greek. The company’s track record includes a total of 1000MW in wind and photovoltaic power generation projects. In 2015, the company reported a drop in sales to 2.44 million euros against 3.31 million euros a year earlier. Pre-tax loss rose to 4.27 million euros compared to a pre-tax profit of 10.97 million euros in 2014.

PROFIT BEFORE TAXES 19,026,999.00 €

Contact Details 120 Vas. Sofias Ave., 115 26 Athens, Attica, Greece Tel.: +30 210 6462079 Fax: +30 210 6431420 E-mail: Website:

EDF ENERGIES NOUVELLES HELLAS SA 2013 2014 Turnover 2,477,924.00 € 3,315,623.00 € Profit Before Taxes -2,617,795.00 € 19,026,999.00 € Gross Profit 347,409.00 € 325,966.00 € Net worth 236,362,831.00 € 255,387,930.00 € Liabilities 68,159,823.00 € 3,720,845.00 €

Change (%) 33.81 -6.17 8.05 -94.54



The star of the Aegean Apostolos Vakakis

Turnover 454.276.468


96.956.097 € 143,780,000.00


Blue Star Ferries SA, whose activities are entirely focused on passenger shipping, operates seven ferry boats flying the Greek flag, Blue Star 1, Blue Star 2, Blue Star Ithaki, Blue Star Paros, Blue Star Naxos, Blue Star Horizon and Diagoras. In September 2002, Superfast Ferries and Blue Star Ferries became the first Greek passenger ferry companies to receive ISO 14001 certification for Environmental Management Systems. Specifically, Blue Star Ferries Head Offices, as well as the vessels Blue Star 1, Blue Star 2, Blue Star Ithaki and Blue Horizon were certified with the standard. Auditing and certification were carried out by ABS Quality Evaluations, a member of the international American Bureau of Shipping group. In similar fashion, new additions to the company’s fleet in 2003, Blue Star Paros and Blue Star Naxos were also certified as per ISO 14001 Environmental Management System in August 2003. In 2014, the firm reported a rise in sales to 143.8 million euros, compared to 132 million euros a year earlier. EBITDA amounted to 33.5 million euros against 23.7 million euros year-on-year.

17,883,000.00 €

Contact Details 123-125 Syngrou Avenue & 3 Torva Street, 11745, Athens, Attica, Greece Tel: +30 210 8919800 Fax: +30 210 8919829 E-mail:

BLUE STAR FERRIES SA 2013 2014 Turnover 132,018,000.00 € 143,780,000.00 € Profit Before Taxes 7,967,000.00 € 17,883,000.00 € Gross Profit 30,051,000.00 € 38,331,000.00 € Net worth 231,262,000.00 € 244,588,000.00 € Liabilities 134,801,000.00 € 153,061,000.00 €

Change (%) 8.9 124.5 27.6 5.8 13.5

Diamonds 189




Counting 250 sales points in Greece

Aristotelis Panteliadis, Vice President & CEO


METRO was founded in 1976, by a cooperative formed by 8 grocers, and has always been a company of Greek interests. METRO comprises two store networks with a total of 112 stores currently in operation; METRO Cash & Carry, a wholesale chain that runs 46 stores throughout Greece, and My market, a supermarket chain with 66 stores mainly in Attica and South Greece. In February 2016, the company acquired the Veropoulos supermarket chain, a move aimed at expanding its presence in strategic points throughout Greece, reaching up to 250 sales points and a staff of 900. The company strives to contribute to the strengthening of the Greek economy and local entrepreneurship. It endeavors to support Greek workers, suppliers, producers, consumers and independent operators. It promotes small-scale production from every corner of Greece. Highlighting this policy, 115 out of the 1240 company suppliers are small Greek producers, often very small family businesses. “My market” outlets by the end of 2015 numbered 66 retail shops, mainly in Attica and the region of southern Greece, with sales areas of 1200 - 1000 sq.m. or 350 - 650 sq.m. (My market Easy). METRO Cash & Carry, with 46 sales points of 2500-3500 sq.m. is Greece’s chain with the largest network of wholesale stores, justly claiming the place of market leader. The firm’s objective is to gain a strong presence in as many Greek cities and regions by supporting independent agents and giving them the opportunity to take supplies of their desired products at the best value for money. In 2008 the company made a major investment valued at 35 million euros in an ultra-modern distribution center in Inofyta, the largest in Greece, to optimise distribution of goods nationwide for both chains. In 2014, amidst tough market conditions, the firm reported a marginal drop in sales to 697 million euros against 600 euros a year earlier. Pre-tax earnings dropped to 17 million euros compared to 19 million euros in 2013. Significantly, the supermarket chain continues its investment program, valued at 10.9 million euros in 2013 and 12 million euros in 2014.

697,341,178.00 €

PROFIT BEFORE TAXES 17,081,462.00 €

Contact Details 1 Sorou St., 144 51, Metamorfossi, Athens, Greece Tel.: +30 210 2893500 Fax: +30 210 2835030 Website:

190 Diamonds

METRO SA 2013 Turnover 700,082,989.00 € Profit Before Taxes 19,072,312.00 € Gross Profit 79,633,549.00 € Net worth 114,157,262.00 € Liabilities 202,116,532.00 €

2014 697,341,178.00 € 17,081,462.00 € 82,647,232.00 € 126,613,804.00 € 197,129,406.00 €

Change (%) -0.4 -10.4 3.78 10.9 -2.5


Diamonds 191



Elval S.A.

A worldwide leading aluminium company

Contact Details e-mail: website:

192 Diamonds

Elval Group with operations dating back to 1973, is one of the leading aluminium processing companies worldwide and the only aluminium rolling group in Greece. For more than 40 years, Elval has been recognised as a trusted partner and innovative aluminium rolling Group with a broad portfolio of quality products made for the construction, shipbuilding, automotive, packaging, energy, and HVAC markets. Through an established global commercial network in more than 80 countries and 7 production plants in Greece, Elval Group exports over 70% of its production and is able to offer reliable and competitive solutions that meet the requirements of the most demanding global customers. Elval S.A. has the ability to sustainably produce both wide coils (up to 2.5 m) and long slabs (9 m) for diverse applications in a number of markets. Having completed a major investment plan in state-of-the-art equipment, the Company is able to operate cutting edge production facilities with an annual capacity of 250,000 tons. Elval’s extensive product range includes aluminium sheets and coils used in construction and architectural applications (side covers and roofs of buildings, floors, blinds, aluminium rollers, rainwater gutters and multilayer tubes), the shipbuilding and automotive industries (ships, cars, trucks, train parts, and HVAC applications), the food industry (food cans, beer and soft drink cans, closures, precision valves and flexible foil containers), among others. With a strong focus on quality and innovation, Elval invests significantly in product development, employee training, and the enhancement of its facilities. Through the Elval Technology centre, a department dedicated to R&D, the Company is able to introduce both innovations in manufacturing processes and high quality products such as Elval Grain that won the 1st prize in the 3rd Competition for Applied Research and Innovation “Greece Innovates”. Moreover, Elval’s strategic partnership with United Aluminum Company of Japan (UACJ Corp.) has allowed it to reach a number of technological breakthroughs. Through this partnership, established in 1988, the Company benefits from significant technical assistance and expertise to support some of the most demanding industrial customers, aluminium dealers and distributors worldwide. Elval aims to further improve its position as one of the most important manufacturers of rolled aluminium products by adhering to the principles of sustainable development, and having an ongoing focus on technology and innovation, employee health and safety, environmental protection and social contribution.


Elval product range Elval S.A. produces aluminium sheets, coils, and circles for a wide range of applications covering various markets. Construction / architectural applications ● Curtain walls ● Composite aluminium panels ● Perforated sheets and coils ● Corrugated sheets ● Polished floors ● Construction angles ● Metal roofs ● False ceilings ● Roller blinds /shutters ● Garage and industrial doors ● Window sills Water transport systems ● Multi-layer tubes and rain gutters Power networks ● bus ducts Renewable energy ● Windmill platforms and nacelles Oil & Gas ● LNG storage tanks Automotive industry ● Various internal parts and components ● Heat insulating covers Shipbuilding ● Patrol vessels ● Catamarans, speedboats ● Pleasure boats ● Pontoon boats Road and rail transport ● Trucks and trailers

● Tipper trucks ● Fuel tankers ● Refrigerated trucks ● Cargo rail wagons ● Buses/coaches ● Special purpose vehicles ● Caravans/Recreational vehicles ● Petrol / oil tanks ● Gas tanks

Packaging ● Soft drink and beer cans ● Food cans ● Aerosol valves ● Closure caps Heating, ventilation, cooling ● Heat exchangers ● Car radiators ● Air coolers ● Condensers ● Stills ● Oil coolers Engineering applications ● Static silos ● Geodesic domes ● Flat screen TVs (LCD) ● Circuit boards ● Light bulb bases ● Communications equipment boxes ● Heat-insulating pipes ● Transformers ● Toolboxes Household appliances ● Cooking implements ● Kitchen appliances Signage ● Road signs ● Billboards ● Car license plates


Market presence in: Sales outside Greece

more than 80 countries Over 70%

Diamonds 193


Pharmaceutical Products Industrial

DEMO S.A. Pharmaceutical Industry

More than 50 years of dynamic presence in Greece and worldwide

Dimitrios Demos, Vice President

Turnover 2015 123.333.187,00 €

PROFIT BEFORE TAXES 2015 18.984.548,00 €

Contact Details 21st km Nat. Road Athens-Lamia, 14568, Krioneri, Attica Tel.: +30 210 8161802 Fax: +30 210 8161587 E-mail: Website:

194 Diamonds

DEMO S.A. pharmaceutical industry is an industrial and commercial organization of international reach established in 1965 and active in the production and sales of pharmaceutical products. The company’s plant located in Krioneri of Attica is the largest in Southeast Europe, with modern facilities of 45,000 m2, where a sophisticated Quality Control laboratory of 1,500 m2 is included as well. With annual growth rates in excess of 11% over the past ten years and workforce numbering 800 persons, DEMO is one of the leading pharmaceutical companies in Southeast Europe. Company’s mission is to develop, manufacture and distribute worldwide safe and effective pharmaceutical products at competitive prices. Demo’s goal is to be consistently one of the best companies in the pharmaceutical market, maintaining the leading position in the Greek industry, its’ dynamic growth and the preference of customers and partners in company’s products. In particular, the company operates in the health sector based on the following pillars: FP  roduction, approval and distribution of pharmaceutical products in the Greek and global market. FP  roduction of Injectable products of all forms (Liquid inj., Lyophilised products, Emulsions, Penems, Penicillins, Cephalosporins) FD  istribution of foreign pharmaceutical companies’ innovative products. FD  istribution of medicines for rare diseases. DEMO with a portfolio of 140 different products has a strong presence in the hospital market, ranking first among the pharmaceutical companies in terms of sold units. The three manufacturing facilities in combination with the high tech warehousing facilities in both Athens and Thessaloniki allow the company to offer its own logistic services to all hospitals countrywide. In addition to that, DEMO consistently invests in its international collaborations. International Sales’ Revenues increased dramatically over the last decades while since 2004 DEMO S.A. is ranking as the top exporter of injectable pharmaceuticals (owned branded). Today, it has a global sales network with its own products in 52 countries, including countries in


Europe, Asia, Africa, Latin America, Oceania, Middle East with a significant market share in many of them. Since the end of 2013, it has presence in Germany through the subsidiary DEMO Pharmaceuticals GmbH with headquarters in Munich. Additionally, DEMO already operates a branch office in China, while the operation of 7 more branch offices in other foreign countries is included among its immediate goals. The company has more than 1,300 approved products and 229 presentations under rregistration in 59 countries. The global operation of DEMO has led the company to export 82% of its produced units while it is worth noting that is internationally recognized being one of the official suppliers of pharmaceutical products of the United Nations, UNICEF, MSF and World Health Organization. The Quality Assurance Department monitors constantly all production and controls activities of the company, ensuring strict compliance as to the applicable standards GMPs, GDPs, ISO 9001:2008, ISO 13485:2003, DY8/1348/04. The Department is staffed with experienced scientists of most specialties and is structured into two independent groups, one for each wing of the production. At the same time the QA Department has achieved to combine the different requirements of universally valid laws of pharmaceutical regulations and to integrate them smoothly into its quality system. This has led to the approval of DEMO S.A. by strict Legislative Authorities from all around the world. Furthermore, a number of new research projects are under progress. Under the supervision of highly qualified researchers – most of who own PhD degrees from the most acclaimed universities in Europe – R&D lab represents the company’s launching pad for the following decades.

DEMO SA 2013 2014 2015 Turnover 105.190.295,00 € 111.834.087,00 € 123.333.187,00 € Profit Before Taxes 5.371.953,00 € 16.860.371,00 € 18.984.548,00 € Gross Profit 39.150.831,00 € 50.166.649,00 € 57.973.082,00 € Net worth 49.386.163,00 € 57.913.042,00 € 70.892.612,00 € Liabilities 150.579.861,00 € 144.564.039,00 € 133.953.853,00 €

Diamonds 195




The Greek multinational in consumer products

Kiriakos Sarantis, Vice President & CEO

Turnover 104,247,996.00 €

PROFIT BEFORE TAXES 16,542,121.00 €

As one of the main suppliers of fast moving consumer goods (FMCG) and Health & Care products, Sarantis Group is a business standard with a rich portfolio of quality products. The firm’s strong distribution network, export dynamics, financial strength, flexible structure and spirited staff are some of the characteristics than have made it one of the leading consumer products manufacturing and trading companies in the sector of cosmetics, personal care products, food supplements and household products, both in Greece and in the wider region of Southeast Europe, where it operates through subsidiaries. The Group’s international presence is marked by subsidiaries in nine European countries: Poland, Romania, Bulgaria, Serbia, Czech Republic, Hungary, Macedonia, Bosnia-Herzegovina and Portugal, while exports are made to more than 35 countries. The Group’s product portfolio includes more than 80 well-known brands that are milestones in their respective categories. Noxzema, Carroten, Bioten, Orzene, STR8, BU, C-Thru, Prosar and Solene are just some of the Sarantis products with high brand recognition and significant market shares. In addition, through exclusive distribution agreements, the Group sells a number of strong brands, such as La Prairie, Prada, Nina Ricci, Cartier, Carolina Herrera, Trussardi, Pupa, Johnson & Johnson, Adidas, Playboy, Coppertone, Denim, Lanes, Clearblue, Bio-Oil, etc. Estee Lauder products are also marketed, through a joint venture between Sarantis Group and Estee Lauder Companies. Through the acquisition of products, as well as a continuous renewal and expansion of its product portfolio and signing new partnerships for exclusive representation of international trademarks, Sarantis Group maintains its leading position in the market, also entering into new growing subcategories. Headed by BoD Vice Chairman and CEO Kyriakos Sarantis, the Group’s strategy has proven extremely effective, in spite of the challenging business and economic environment, resulting in higher sales and net profits, which in turn allows the company to self-finance its activities and investment plans, creating value for the benefit of all stakeholders, investors, partners customers, suppliers and staff. In 2015, consolidated sales rose 12.21% to 278.76 million euros, compared to 248.44 million euros a year earlier, as a result of organic growth and the new products added to the group’s portfolio. Foreign sales rose by 10.46%, while domestic sales jumped 15.33% in spite of adverse economic conditions prevailing in Greece. Net income in the same year rose by 15.78% to 19.78 million euros, against 17.14 million euros in 2014, while the net profit margin improved to 7.10% from 6.90% year-on-year.

Contact Details Amarousiou St. & 26 Chalandriou St., 151 25, Marousi, Attica, Greece Tel.: +30 210 6173000 Fax: +30 210 6197081 E-mail: Website:

196 Diamonds

GR. SARANTIS SA 2013 2014 Turnover 97,373,814.00 € 104,247,996.00 € Profit Before Taxes 37,263,574.00 € 16,542,121.00 € Gross Profit 42,775,966.00 € 45,162,724.00 € Net worth 103,662,940.00 € 109,148,987.00 € Liabilities 55,642,721.00 € 48,134,917.00 €

Change (%) 7.1 -55.6 5.6 5.3 -13.5


Supermarkets Commercial


Serving 270.000 customers daily I. & S. SKLAVENITIS S.A., is a Greek company, one of the largest retail companies in Greece with 60 years of experience in the retail market. It was founded in 1954 by Spyros Sklavenitis, John Sklavenitis and Miltiadis Papadopoulos, who were initially engaged in wholesaling and the packaging of spices. In 1967, the founders created “TELEXYP”, the first company in Greece that was accepting and delivering phone orders. The success of “TELEXYP” prompted them to create their first retail store in 1969 and to establish their first supermarket in 1971. The company has grown steadily since, following consistently its commercial policy that was based on three pillars: high quality products, friendly service and the best prices. Spyros Sklavenitis, the last one alive from the original founders, passed away in March 2006. A few months later, his family took over the shares of the rest of the partners and assumed command of the company, which then operated 36 stores. In the following years, the company expanded its stores network, by acquiring 18 Stores of the “Papageorgiou” chain store (in July 2007) and by establishing till 2014, 56 Stores (in total), in Attica. In January 2015, the company acquired the 60% of the chain Store “Chalkiadakis” shares, in Crete (38 Retail Stores) and the 100% of “Makro Hellas” shares (9 Wholesale Stores in Athens, Thessaloniki, Volos, Heraklion, Larissa, Xanthi & Patras). In September 2015, the first store outside Attica began its operation in Corinth. In 2016, Makro Cash & Carry was renamed and relaunched in the Greek market as The Mart.


The company is recognized for the highest customer loyalty within the retail sector in Greece.

1,239,369,000.00 €

Today, Sklavenitis Group: ● Operates 158 Stores (111 SKLAVENITIS, 38 CHALKIADAKIS and 9 Wholesale Stores THE MART CASH & CARRY) in 12 cities of Greece ● Employs approximately 11.200 people ● Serves 270.000 Customers on a daily basis ● Cooperates with 8.000 Suppliers

PROFIT BEFORE TAXES 16,192,000.00 €

Contact Details 80 Kifissou Ave, 12132, Peristeri, Attica, Greece Tel.: +30 210 5794200 Fax: +30 210 5757531 Website:

Turnover Profit Before Taxes Gross Profit Net worth Liabilities

I. & S. SKLAVENITIS SA 2013 2014 1,190,661,000.00 € 1,239,369,000.00 € 16,505,000.00 € 16,192,000.00 € 295,770,000.00 € 310,853,000.00 € 139,877,000.00 € 141,836,000.00 € 599,282,000.00 € 621,927,000.00 €

Change (%) 4,1 -1,9 5,1 1,4 3,8

Diamonds 197


NATURAL GAS Industrial


Supplying over 285,000 households Natural gas supply company Fysiko Aerio Attikis SA, or EPA Attica, was founded in November 2001 as the sole distributor of natural gas for household and commercial use in the wider Athens area. EPA Attica operates based on collaborations with leading companies in the energy sector, such as DEPA, the Public Gas Corporation, and Shell Gas. It developed the region’s natural gas distribution system by constructing new networks and supplying natural gas to households and businesses, affordably, safely and reliably. Natural gas is imported to Greece through a high-pressure pipeline managed by DESFA, Greece’s natural gas grid operator. Industrial gas consumers are connected through medium pressure networks, while low-pressure networks serve mostly residential and commercial users. At present, EPA Attica’s gas network in the wider Athens area comprises some 3,000 kilometers of low-pressure pipelines covering over 65 municipalities in the region. The network consists of 1,800 kilometers of new pipelines developed since 2002; 700 kilometers that were transferred to the company by DEPA in 2002; and, 500 kilometers of an old network in central Athens that was gradually updated. EPA Attica nowadays employs a staff of 300. It serves over 285,000 households, 5,300 commercial users, more than 1,200 schools and public buildings, as well as more than 200 large commercial and industrial consumers. In 2015, the firm reported total revenue of 153 million euros against 144.5 million euros a year earlier, up 5.9%. Operational results improved to 10.9 million euros, helped primarily by a large increase in sales compared to a year earlier.

Turnover 158,718,109.00 €

PROFIT BEFORE TAXES 15,013,861.00 €

Contact Details 11 Sofokli Venizelou St. & Serron St., 141 23 Lykovrysi, Attica, Greece Tel.: +30 2103406000 Fax: +30 2103406020 E-mail: Website:

198 Diamonds

EPA ATTICA SA 2013 Turnover 171,002,180.00 € Profit Before Taxes 19,332,109.00 € Gross Profit 30,477,222.00 € Net worth 298,911,864.00 € Liabilities 97,986,080.00 €

2014 158,718,109.00 € 15,013,861.00 € 27,791,328.00 € 298,116,493.00 € 79,464,476.00 €

Change (%) -7.18 -22.34 -8.81 -0.27 -18.90




Reporting high profitability in 2014

Turnover 53,501,000.00 €

YIOULA’s history goes back a long time, when brothers Kyriakos and John Voulgarakis established the company in 1947. Its principal activity was the manufacturing of handmade glass tableware products, with its main tools being traditional ‘artistry’ (since Kyriakos Voulgarakis was a glassblower himself ) a small furnace. In 1947, the company was only one out of 50 producing hand-blown glass in Greece. YIOULA Group now comprises six companies, whose production spans Greece, Bulgaria, Romania and the Ukraine. The firm features seven contemporary production sites with 15 fully-automated glass-melting furnaces and 49 product shaping lines, manufacturing annually more than 2 billion pieces of container glass, 125 million pieces of tableware, 52,000 tons of pharmaceutical glass and 650,000 square meters of textured/figured glass. The Group’s main production encompasses two market segments: Glass Containers and Glass Tableware. The company’s acquisition of two Ukrainian production units in Bucha and Zhitomir facilitated its entry into the Pharmaceutical Glass and Textured/Figured Glass segment markets, while also helping Yioula boost its production to 13,000 tons of pharmaceutical product glassware per year. The company’s facility in Egaleo, west Athens, established in 1947, stands as the foundation of the entire group’s future development. Nowadays, its glass melting furnace, along with four shaping lines, manufactures approximately 300 million units, annually, of bottles and jars in a variety of shapes, designs and colors. The company, having shown remarkable capabilities in production of glassware, at present owns more than 30 formation lines and more than 10 glass-melting furnaces. Its total annual glassware and tableware production amounts to more than 1.5 billion pieces. Total production in 2014 dropped slightly by 2.11% to 539,419 tonnes against 551,035 tonnes in 2013. Glass packaging products amounted to 516,724 tonnes, while tableware products amounted 22,695 tonnes. The group’s sales in 2014 dropped 8.85% to 204,305 euros against 224,152 euros a year earlier. The gross profit margin stood at 26% compared to 22% in 2013.

PROFIT BEFORE TAXES 14,905,000.00 €

Contact Details 5 Orizomylon St., 122 44, Egaleo, Attica, Athens Tel: +30 210 5403400 Fax: +30 210 5442421 E-mail: Website:

YIOULA GLASSWORKS SA 2013 2014 Turnover 61,570,000.00 € 53,501,000.00 € Profit Before Taxes -8,887,000.00 € 14,905,000.00 € Gross Profit 13,875,000.00 € 11,769,000.00 € Net worth 25,293,000.00 € 40,087,000.00 € Liabilities 270,177,000.00 € 131,437,000.00 €

Change (%) -13.1 267.7 -15.2 58.5 -51.4

Diamonds 199




Main producer of white marble in the world market

Turnover 40,658,877.00 €

PROFIT BEFORE TAXES 14,143,181.00 €

In 1980, Efkleidis Pavlidis established PAVLIDIS MARBLE-GRANITE, a company that, thanks to the consistently pioneering spirit and strong vision of its founder, has become one of the main producers of white marble in the world market. By using a vertically integrated structure, the company controls the production of the final product from extraction to processing, and the sale of rough, semi-finished and finished marble and granite products, specializing in white and semi-white marble and with a dynamic presence in beige marble. With quarries not only all over Greece but also in neighboring countries, and production in excess of 70,000 m³, Pavlidis Marble Granite’s marble products are applied in, and enhance, large and small constructions in all five continents. The company’s industrial installations occupy a floor space of 20,000 m², in grounds of 100,000 m², located at a short distance from the city of Drama, the centre of marble mining in Greece. The branches in Athens and Thessaloniki ensure that the company’s products reach urban centres throughout Greece. The ARISTON, VENUS and GALAXY white marble are the company’s flagship products. The VOLAKAS, SIVEC and THASSOS marble complete a palette of white marble that can satisfy not only all domestic, but also international requirements. With its KAVALA semi-white crystalline marble, the company offers an exceptional environmentallyfriendly and economical material for many applications, while PERLA cream-beige limestone has earned its place in the competitive market of beige materials. Since its foundation to date, the company has been intensely orientated towards exports, with sales now accounting for more than 90% of its annual turnover. Starting out from the demanding construction requirements of Western European countries, the company has progressively expanded its activities to the two hemispheres with exports to the Far East, South-East Asia, Arab states, as well as South America and US. With a multitude of projects worldwide, Pavlidis Marble-Granite constitutes one of the most professional choices as regards the undertaking and execution of large-scale projects to high quality standards and with absolute respect for the Even though the firm saw its 2014 turnover fall to 43,77 million euros compared to 40,66 million euros in 2013, it managed to sustain its profitability at extremely high levels. Specifically, the company in 2014 posted profits amounting to 14,14 million euros.

Contact Details Drama Industrial Area, 661 00, Drama, Greece Tel.: +30 25213 06100 Fax: +30 25213 06110 E-mail: Website:

200 Diamonds

PAVLIDIS MARBLE GRANITE SA 2013 2014 Turnover 43,765,116.00 € 40,658,877.00 € Profit Before Taxes 15,732,570.00 € 14,143,181.00 € Gross Profit 24,564,069.00 € 20,485,483.00 € Net worth 59,164,038.00 € 63,988,634.00 € Liabilities 17,054,601.00 € 18,199,916.00 €

Change (%) -7.10 -10.10 -16.60 8.15 6.72


BREWERY Industrial

Athenian Brewery SA

No1 beer exporter in Greece.

Zooulis Mina CEO Turnover 296.251.641,00 €


Athenian Brewery is the leading brewer and beer importer in Greece, with a market presence of more than 50 years. Originally founded in 1963 by a team of five Greek entrepreneurs and now part of Group HEINEKEN N.V, the company is headquartered in Athens, Greece. Today, Athenian Brewery owns 3 plants in Athens, Thessaloniki and Patras, 2 private malteries in Thessaloniki and Patras and a bottling plant for IOLI Mineral Water in Lamia where it produces some of the most popular beer brands in Greece such as Amstel, Amstel Pils, Amstel Bock, Amstel Radler, Amstel Free, Amstler Radler Guarana, Heineken, ALFA, ALFA Strong, ALFA Weiss, Fischer, ΒΙΟS 5, and Buckler. Athenian Brewery’s products follow a 100% Greek route using Greek barley provided by 3000 Greek farmers through its local sourcing programme and malted at its two own malteries in Thessaloniki and Patras. It also imports and distributes a number of imported such as Sol, Mc Farland, Erdinger, Affligem, Murphy’s, Duvel, Chimay and others. Athenian Brewery is adding value to Greece by investing consistently for many years in modernizing of its production processes, adopting a comprehensive environmental policy, creating a safe and equitable working environment, communicating with consumers and creating awareness for responsible consumption, as well as making a positive contribution to the local communities which host its operations. In addition, it continues to enhance its exporting activities and increasing its presence in international markets. In 2015 Athenian Brewery exported its products in 30 countries all over the world and was the No1 beer exporter in Greece. All the above are guided by the company vision: To be a proud brewer, passionate about creating a unique consumer experience, while adding value to our people, our partners, our shareholders and our society. To always let quality, enjoyment of life, respect for the individuals and the planet, define our priorities. To always aim for the leading position in the Greek beer market, without losing our passion for excellent quality and consumer delight.

14.030.310,00 €

Contact details 102 Kifissou, PO Box 3383, Egaleo, 12241 Greece Tel: +30 210 5384911 Website:

Athenian Brewery SA 2013 2014 Turnover 314.512.108,00 € 296.251.641,00 € Profit Before Taxes -6.435.882,00 € 14.030.310,00 € Net worth 141.766.995,00 € 151.066.269,00 € Liabilities 123.068.763,00 € 106.195.275,00 €

Change (%) -5,8 318,0 6,6 -13,7

Diamonds 201




Exporting products to 50 countries around the world

Turnover 115,569,000.00 €

Founded in 1970, PLASTIKA KRITIS is one of Greece’s largest plastics manufacturers and among Europe’s leading producers of masterbatches and agricultural films. Production of masterbatches began in 1980. Commitment to quality, technological innovation, cost competitiveness, flexibility and responsiveness to customer requirements have enabled PLASTIKA KRITIS to become an outstanding masterbatch supplier, with over 50% of its production exported to 50 countries around the world. The company’s manufacturing facility in Iraklion, Crete is among the most modern in its fields of activity. Specifically, the company specializes in the production of: master batches & compounds (KRITILEN®), multilayer plastic films for agricultural applications (KRITIFIL®), geomembranes (KRITIFLEX®), polyethylene pipes (KRITISOL®), recycled plastics (KRITISAN®) and renewable energy (KRITIRES®). Its products serve the horticultural & agricultural markets, the plastics industry and projects related to water-management & environmental protection. PLASTIKA KRITIS also owns and operates a 12-MW Wind Park and 340-KW of Photovoltaic Stations in Greece, generating electricity that secures competitive energy sources for the company. With six affiliate companies strategically positioned in high growth areas, the company also produces masterbatches in Romania (Romcolor 2000 SA), Poland (Global Colors Polska SA), Turkey (Senkroma SA) and Russia (Global Colors ZAO). In also produces agricultural films and geomembranes in China (Shanghai Hitec Plastics) and France (Agripolyane SA). The firm has installed a sizeable plastics recycling unit at its Iraklion plant, with a capacity of 4.000 MT/year. The plant is capable of handling industrial scrap from plastic factories, municipal plastic waste and, most importantly, used greenhouse films which are collected from the fields through a network organized by the company in the main agricultural areas of Greece. PLASTIKA KRITIS reported a slight drop in 2014 sales to 115 million euros compared to 119 million euros a year earlier. However, pre-tax income rose to 13,97 million euros compared to 12,92 million euros year-on-year.

PROFIT BEFORE TAXES 13,973,000.00 €

Contact Details

R St., Irakleio Industrial Area, 715 00, Irakleio, Greece Tel.: +30 2810 308500 Fax: +30 2810 381328 E-mail: Website:

PLASTIKA KRITIS SA 2013 2014 Turnover 119,968,000.00 € 115,569,000.00 € Profit Before Taxes 12,923,000.00 € 13,973,000.00 € Gross Profit 24,974,000.00 € 23,641,000.00 € Net worth 123,284,000.00 € 130,060,000.00 € Liabilities 22,773,000.00 € 23,739,000.00 €

202 Diamonds

Change (%) -3.67 8.13 -5.34 5.50 4.24



Vassilios Katsos, President


Extroversion and strong domestic alliances Established some 47 years ago, Pharmathen SA, a domestic enterprising model of a multinational company, has in the past two years established strong strategic partnerships with major international pharmaceutical companies, reinforcing its presence in both Greece’s and international markets. The company left its mark on the world map of innovation in the pharmaceutical industry with a major achievement by its research and development of innovative healthcare products segment, with the development of the Long Acting Injectable (LAI) technology. The LAI technology is applied to a range of products and actively contributes to improving the patients’ quality of life, as through the progressive release of the drug in the body, injection treatments can be reduced. The development of this innovative technology has led to an agreement with a major US pharmaceutical company for worldwide marketing of two LAI products. But this is not the only strategic alliance for Pharmathen. The company has also announced its partnership with UCB, aimed at promoting the Belgian company’s allergy products in Greece. Another Pharmathen strategic agreement with Novartis is aimed at co-marketing in the Greek market two innovative medicines for chronic obstructive pulmonary disease (COPD). To meet new growth needs, Pharmathen will add another 50 members to its staff. Pharmathen views research and development as being interrelated. The firm has already invested 10 million euros solely in its Sapes factory, north-eastern Greece, which will take care of manufacturing, commercial production and distribution of LAI drugs. Pharmathen ranks among the top 50 pharmaceutical companies in the EU, based on investments in research. According to company forecasts, in the period 2013-2018, investments in R&D for pharmaceutical products will exceed 100 million euros. Amidst a tough operating environment, Pharmathen succeeded in implementing an investment plan valued at more than 40 million euros, for the establishment of its production plant in Sapes. The company employs a staff of 1,000, having doubled its workforce in the past four years. Its export business accounts for about 1% of total Greek exports. It boasts a portfolio of more than 65 international patents, comprising original and generic drugs and pharmaceutical products, as well as many awards at national and international level. Pharmathen operates three ultramodern research laboratories and two industrial units, while engaging in the entire medicine range, from development to distribution of pharmaceuticals. Company offices were recently opened in Jordan and Australia, while the firm also gained permanent representation in South America, reinforcing its growth momentum in the specific regions. In addition, its products are approved in all EU markets, in cooperation with leading global pharmaceutical companies. In 2015, the firm posted flat revenue of 194 million euros compared to 181 million euros a year earlier.

Nellie Katsou, Vice President of the Board Turnover 161.272.519,00 €

PROFIT BEFORE TAXES 13.765.777,00 €

Contact Details 44 Kifisias Ave., 151 25 Marousi, Athens, Greece Tel.: +30 210 6604.300 Fax: +30 210 6666.749 E-mail: Website:

PHARMATHEN SA 2013 2014 Turnover 161.497.127,00 € 161.272.519,00 € Profit Before Taxes 19.038.024,00 € 13.765.777,00 € Gross Profit 64.992.195,00 € 63.425.160,00 € Net worth 101.916.096,00 € 113.768.427,00 € Liabilities 78.439.936,00 € 74.917.481,00 €

Change (%) -0,14 -27,69 -2,41 11,63 -4,49

Diamonds 203


Transportation Means Commercial

BMW Group Hellas Karim Christian Haririan President & CEO BMW Group Hellas

Turnover 110.414.786,00 €

PROFIT BEFORE TAXES 13.608.218,00 €

Contact Details 10 Seneka & Kymis Ave, 14564, Kifissia, Attica, Greece Tel.: +30 2109118000 Fax: +30 2109118004 Website:

204 Diamonds

The leading distributor of premium automobiles and motorcycles in Greece. With its three brands BMW, MINI and Rolls-Royce, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. As a global company, the BMW Group operates 31 production and assembly facilities in 14 countries with a global sales network in more than 140 countries. In 2015, the BMW Group sold approximately 2.247 million cars and nearly 137,000 motorcycles worldwide. The profit before tax for the financial year 2015 was approximately €9.22 billion on revenues amounting to €92.18 billion. As of 31 December 2015, the BMW Group had a workforce of 122,244 employees. The success of the BMW Group has always been based on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy. The BMW Group’s innovative and successful strategy “BMW EfficientDynamics” is applied to every new model resulting in the significant reduction of the average CO2 emissions while at the same time optimizing performance and maximizing efficiency. The BMW Group’s objective is not restricted to the availability of fuel efficient automobiles but extends to the minimum use of natural resources during the production process. In particular, the BMW Group has been the world’s most sustainable automotive company for nine consecutive years in the Dow Jones Sustainability Index. In 2011, the Group achieved its best performance ever in the CDP Global 500 ranking as the number one automotive manufacturer. From this leading position, the BMW Group adopts a holistic approach by implementing sustainability processes throughout the value chain.


BMW Group Hellas is one of the most successful premium distributors of automobiles and motorcycles in Greece. As a wholly owned subsidiary of the BMW Group in the Greek market, the company has established extremely high competitive standards representing the automotive brands BMW, MINI, BMW i and BMW Motorrad in motorcycles. Moreover, BMW Group Hellas cooperates with BMW Financial Services, which is an important contributor to the company’s ambitious objectives providing specialized financial and insurance services. BMW Group Hellas started its operations in the Greek market in October 2003, under the aegis of the worldwide successful BMW Group. Since September 2015, Mr. Karim Christian Haririan holds the position of President & CEO, with former experience as being Head of Market Group South Europe of the BMW Group. BMW Group Hellas has managed to build and maintain a remarkable and at the same time unrivalled brand image by providing unique products and services within the competitive environment of the very demanding Greek market. In particular, the BMW Group brands have been established as being premium, high quality offerings with an aesthetic and sporty character, equipped with technological innovations and advanced driving dynamics. All these notable features perfectly combine the objectives of both the BMW Group and BMW Group Hellas which are maintaining high levels of customer satisfaction and penetration of BMW, MINI and BMW i as the strongest premium brands in the automotive industry. BMW HELLAS SA 2013 2014 Turnover 72.604.542,00 € 110.414.786,00 € Profit Before Taxes 11.397.739,00 € 13.608.218,00 € Gross Profit 26.118.379,00 € 30.912.123,00 € Net worth 20.195.554,00 € 24.831.080,00 € Liabilities 21.311.969,00 € 30.044.008,00 €

Change (%) 52,1 19,4 18,4 23,0 41,0

Diamonds 205


ENERGY Industrial

Turnover 64,864,912.00 €


Two leading groups join forces for power generation Korinthos Power SA was founded in 2005, based in the northern Athenian suburb of Marousi, with an operating license for 50 years. The company’s equity share is comprised of Argyritis Land Industrial and Commercial Company of Basic Metals SA – a Mytilineos Holdings SA subsidiary – which holds a 65-pct stake, and Motor Oil (Hellas) SA, which controls the remaining stake of 35 pct. KORINTHOS POWER SA possesses a combined cycle power generation plant fuelled by with natural gas, of an installed capacity of 436.6 MW, located at the Motor Oil (Hellas) facilities in Agii Theodori, Corinth. The company commenced its business activities after it obtained its commercial operations license in March 2012.

PROFIT BEFORE TAXES 13,508,155.00 € 8 Artemidos St., 15125, Marousi, Attica, Greece Tel: +30 210 3448300 Fax: +30 210 3448472

KORINTHOS POWER SA 2013 2014 Turnover 172,160,002.00 € 64,864,912.00 € Profit Before Taxes 13,977,820.00 € 13,508,155.00 € Gross Profit 25,507,311.00 € 23,057,779.00 € Net worth 121,863,829.00 € 129,704,248.00 € Liabilities 228,133,556.00 € 200,762,550.00 €



Contact Details

Commercial Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 51,751,206.00 €

Change (%) -62.3 -3.4 -9.6 6.4 -12.0

Renting cars in 32 countries A global leader in corporate fleet management, LeasePlan was founded in the Netherlands in 1963 and is currently active in 32 countries. LeasePlan manages 1.42 million leased vehicles on behalf of its customers. It employs a staff of approximately 6,800. LeasePlan has been active in Greece since 2003. Today, LeasePlan Greece manages a fleet of more than 14,000 vehicles, serving more than 1,700 customers. LeasePlan Hellas, currently employing a staff of 82, has been rewarded for the quality of services offered, following a customer satisfaction survey (TRI*M Index 84). In 2014, the firm reported a rise in sales 51.75 million euros, up 8.56% on 46.67 million euros a year earlier. Pre-tax income sky-rocketed to 13.24 million euros, jumping a spectacular 134.98% year-onyear.

PROFIT BEFORE TAXES Contact Details 13,240,359.00 € Contact Details 17 A. Papandreou St, 151 24, Maroussi, Attica, Greece Tel: +30 210 6898760 Fax: +30 210 6825665 Ε-mail: Website:

206 Diamonds

LEASEPLAN HELLAS SA 2013 2014 Turnover 47,672,721.00 € 51,751,206.00 € Profit Before Taxes 5,634,629.00 € 13,240,359.00 € Gross Profit 5,421,546.00 € 10,740,693.00 € Net worth 40,017,795.00 € 51,585,009.00 € Liabilities 73,506,696.00 € 97,278,778.00 €

Change (%) 8.56 134.98 98.11 28.91 32.34





Greece′s LIST



.g re

e c e sl

co . t s i


Kαλώς ήλθατε στη νέα τράπεζα πληροφοριών των εν Ελλάδι επιχειρήσων

Καδμείας 17, Τ.Κ.118 55, Αθήνα, Τηλ.: 210 3421 177, Fax: 210 3421 955,, E-mail: Diamonds 207




The Athens stock market operator Hellenic Exchanges – Athens Stock Exchange S.A., or simply “Athens Stock Exchange” (ASE) was founded in 2000. The company’s shares are listed in ASE’s Primary Market category. Following the merger by absorption of ASE, the company’s scope of operations includes the following: to hold shares in companies and enterprises of any legal form whose activities focus on supporting and operating organized capital markets, as well as developing activities and providing services relating to the support and operation of organized capital markets, to companies involved in third parties involved in organized capital markets or support their operation; to organize and support the operation of the securities market, ​​ the derivatives market and other financial instruments (including all products with any reference values) in Greece and abroad. The company owns two subsidiaries: ATHEXClear, an ASE deal clearing company, and ATHEX CSD, a Hellenic central securities depository. In 2015, the firm reported a drop in revenue to 35.00 million euros, against 47.30 million euros a year earlier, down 25.9%. EBITDA dropped to 14.96 million euros compared to 26.00 million euros in 2013.

Socrates Lazaridis, Vice-Chairman & CEO

Turnover 22,299,000


Contact Details 110 Athinon Ave., 104 42 Athens, Greece Tel: +30 210 3366800 FAX: +30 210 3366101 E-mail: Website:

208 Diamonds

HELLENIC EXCHANGES SA 2013 2014 Turnover 31,305,000.00 € 22,299,000.00 € Profit Before Taxes 21,774,000.00 € 13,268,000.00 € Gross Profit 22,763,000.00 € 10,983,000.00 € Net worth 173,526,000.00 € 171,412,000.00 € Liabilities 48,592,000.00 € 5,428,000.00 €

Change (%) -28.77 -39.06 -51.75 -1.22 -88.83




Among the leading canner in Greece

Turnover 73,551,044.00 €

PROFIT BEFORE TAXES 13,265,763.00 €

Pavlides SA, situated in the heart of the peach orchards in northern Greece’s Central Macedonia region, was established in 1992 by Prodromos Pavlidis. Specialized in the production of canned fruit (peach, apricot, pear, fruit cocktail) and pulp (peach, apricot, apple, pears), and with a production capacity of more than 3,5 million cartons (24 x 29oz) and 11.500 metric tons (concentrated juice 30-32 brix), Pavlides is among the leading canners worldwide. In 2003, the company expanded its product range and volume through a joint venture with ALCO (Industrias Alimenticias Mendocinas S.A.) in Argentina, achieving to meet the needs of more clients worldwide. The firm in 2007 invested more than 10 million euros in a project to upgrade and renovate its factory, creating one of the most modern and well-equipped fruit processing factories in the world. Using the latest canning technology, Pavlides can guarantee product integrity meeting the individual needs of its partners and clients. Since 2015, Pavlides runs a biomass plant, generating energy from waste material sources, like fruit pits. With a production capacity of approximately 15% of the total processed in Greece, and a total sheltered production and warehouse surface space of 200.000 sqm, Pavlides is among the leading canners in Greece. In 2013, the company acquired Ardagh Hellas, a developer of metal packaging solutions. The new corporation under the name ‘National Can Hellas’ aimed at growing and further integrating its business operations, expanding the tin can production to a variety of categories. In 2014, Pavlides acquired a new juice manufacturing unit that raised its total capacity of fruit puree to 11.000 – 12.000 tons. Pavlides S.A. is a member of Pavlides Group of companies. Founded in 1965, the Group has grown to become one of the most diverse and paramount in Northern Greece, comprising the following companies: Pavlides Cotton Gin SA (Cotton gining), Plagiari SA (Limestone & Basalt Aggregates), Domiki SA (Lime & Hydrated Lime and ready mix concrete), Solid Fuels SA (processing & trading of solid fuels), K&P SA (Concentrated fruit juice), Pella Cement (Portland & white cement) and National Can Hellas (Metal packaging solutions). In 2014, the company’s sales inched down 0.8% to 73.55 million euros, while pretax income jumped 226% to 13.26 million euros. Pavlides’ export nature is shown by the fact that most of its sales are made in countries outside the EU (42.12 million euros), followed by EU member states (22.77 million euros) and Greece (8.65 million euros).

Contact Details 2nd km Giannitsa-Edessa Highway, 58100, Giannitsa, Greece Tel.: +30 23820 83590 Fax: +30 23820 22065 E-mail: Website:

P. PAVLIDES SA 2013 Turnover 74,174,436.00 € Profit Before Taxes 4,067,570.00 € Gross Profit 10,575,782.00 € Net worth 34,772,111.00 € Liabilities 38,816,256.00 €

2014 73,551,044.00 € 13,265,763.00 € 18,111,366.00 € 44,118,785.00 € 31,092,398.00 €

Change (%) -0.8 226.1 71.3 26.9 -19.9

Diamonds 209


CAR RENTALS Commercial


The biggest car rental company operating in Greece

Turnover 126,163,957.00 €

PROFIT BEFORE TAXES 13,197,709.00 €

Contact Details 31 Viltanioti St, 145 64, Kifissia, Attica, Greece Tel: +30 210 6264000 Fax: +30 210 6264409 Website:

210 Diamonds

AUTOHELLAS S.A. is the largest car rental company in Greece, based on financial capacity and the fleet size it manages. Furthermore, the company ranks as Hertz International’s biggest national franchisee in Europe. AUTOHELLAS S.A (HERTZ) has operated in Greece for more than 44 years. Since 1978, the company has constantly held first place in the car rental sector. The company received an industry award, granted by TTG, as the leading car rental company in Greece, in terms of services rendered, for two consecutive years, in 1998 and 1999. Hertz’s fleet exceeds 23,000 cars of various types, stationed at 115 locations all over Greece, including 21 airports. Through privately-owned stations, covering all main areas, Hertz has been able to cover all customer requirements for both short and long-term renting (Renting, Operating Leasing and Fleet Management). Eight of the company’s largest service centers are located in Athens, Thessalonica, Rhodes, Corfu, Myconos and Crete, three of these in the wider Athens area. The company places major emphasis on its personnel. Employees and executives are carefully chosen, well educated, and experienced. Over the past two years, Autohellas has carried out an ambitious educational program for most of its personnel, aiming to further improve its services offered. The company belongs to the Th. Vassilakis Group and is listed on the Athens Stock Exchange Market as Autohellas S.A. The company’s consistent growth has creates new work positions at Hertz locations, such as airports, local offices, as well as the headquarter facilities. In detail, in 2015, total Group turnover increased by 13.5% reaching €182.9 million from €161.1 million in 2014. Consolidated earnings before tax were reported at €27.6 million, up by 32.6%. Consolidated earnings after tax reached €18.6 million from €16.1 million, an increase of 16%, due to the increase of the tax rate to 29%. More specifically, in Greece, Rent-a-Car growth came mostly as the result of positive numbers in incoming tourism, a more efficient and effective use of our network but also as the result of higher penetration of the 3 Hertz International brands (Hertz, Thrifty and Firefly). Group’s results from foreign subsidiaries have also been very positive. In 2015, the Group enhanced even further its foreign activities. All subsidiaries, in Bulgaria, Romania, Cyprus, Serbia and Montenegro showed positive trend in growth and profitability. Specifically, the fleet at the Balkan countries exceeded 6,000 vehicles, contributing 27% of total group’s earnings after tax in 2015. During 2015, the Group invested €104.6 million for the purchase of 8,300 new vehicles.

126,163,957.00 € 13,197,709.00 €

AUTOHELLAS SA (HERTZ) 2013 2014 Turnover 119,660,336.00 € 126,163,957.00 € Profit Before Taxes 9,405,232.00 € 13,197,709.00 € Gross Profit 21,880,319.00 € 29,740,552.00 € Net worth 128,343,834.00 € 150,208,403.00 € Liabilities 220,810,341.00 € 204,906,764.00 €

Change (%) 5.4 40.3 35.9 17.0 -7.2




Major force in its sector

Turnover 83,383,502.00 €

PROFIT BEFORE TAXES 12,888,567.00 €

Contact Details 330 Eleftheriou Venizelou St., 176 75 Kallithea, Attica, Greece Tel: +30 2109490500 Fax: +30 2109403383 Website:

Established in 1989, Teleperformance Hellas is the very first company to introduce contact centre outsourcing provision in Greece and -by far- the largest in the local market. It joined the Teleperformance Group in 1997 and, in 2002, became the Regional Headquarters for Teleperformance Operations in southern Europe and the Middle East. An ISO 9001:2008, COPC OSP, PCI DSS and ISO/IEC 27001 certified company, it operates under the leadership of the founding management team. Recognized as a “Best Place to Work” in Greece for 2013, it is present in Athens (at two different locations), Hania in Crete, and Gjirokastër, in Albania’s south, with a combined capacity of more than 3,800 state-of-the-art agent workstations and over 3,400 employees. In full alignment with the Group’s performance management process and standards, Teleperformance Hellas handles more than 25 million customer interactions annually, through Voice, Chat, E-mail, Letters and SMS for major multinational clients in the automotive, consumer electronics, fast-moving consumer goods, financial, healthcare, insurance, retail & e-retail, technology, telecommunications and travel sectors, providing customer care, technical support, customer acquisition, account receivables management and BPO Services. The host company of the European Campus of Teleperformance University, it became a major multilingual HUB destination for the European and Middle Eastern markets in 2004 and since then has created huge management experience serving 137 markets, managing programs in 34 languages and dialects, with 1,950+ multilingual employees from 78 nationalities, out of which 55% are university graduates, 90% are bilinguals and more than 25% are trilingual. Located at the point where west meets east, Teleperformance Hellas has a vast experience in the contact centre arena, a proven ability to recruit and retain highly skilled, top-performing- talents for multilingual and local programs, state-of-the-art technology sites with active BCP, DRP & Security processes based on PCI & ISO 27001, service delivery consistency with COPC, standardized human resources, standardized operational & quality management processes and a performance driven orientation that results in the consistent achievement of KPIs, CSAT, ESAT, NPS & QA scoring. All these position the company as one of the most attractive and preferred partners for major multinational companies in the European continent.

83,383,5 02.00 € 12,888,567.00 € SERVICE 800 - TELEPERFORMANCE SA 2013 2014 Turnover 71,634,284.00 € 83,383,502.00 € Profit Before Taxes 9,371,123.00 € 12,888,567.00 € Gross Profit 21,303,552.00 € 26,879,748.00 € Net worth 17,814,274.00 € 20,273,503.00 € Liabilities 22,247,885.00 € 21,801,522.00 €

Change (%) 16.40 37.53 26.17 13.80 -2.01

Diamonds 211


BEVERAGES Industrial


Continuing to invest and grow

Petros Sepetas, Chairman & Managing Director

Turnover 66,549,471.00 €

Founded in 1990, VIKOS SA ranks as one of the most renowned companies in the bottled water market. The firm began bottling natural mineral water from a pristine source in the Vikos area of northwestern Greece and distributing it to local and foreign markets. It has maintaining a role as a key supplier to major supermarket chains. The company has grown over the years and now pumps from four water sources. It operates three ultra-modern factories. Two of them are located in the renowned Zagorochoria region, protected for its natural beauty, produce bottled water and soft drinks. The company’s third plant, Petcom Plastics, located in the Ioannina Industrial Area, produces preform bottles and plastic caps for the bottled water market and beverage industry. The company employs a staff of more than 250, while its privately-owned facilities cover a total floor space of 37,500 sqm. The production facilities operate nine state-of-the-art production lines, capable of delivering 210,000 liters per hour. The company operates its own logistics centers in Athens and Thessaloniki in order to offer effective customer services and ensure that it can fully meet demand by partners. The “Vikos” and “Zagorohoria” sources are certified as Natural Mineral Water sources. The water drawn from these sources is bottled using the most technologically advanced equipment, without any human intervention or other processing techniques, from the pumping stage to the final consumer. Within two decades, the company has climbed to the top of the bottled water industry, in spite of the tough economic conditions currently prevailing in Greece. Despite the ongoing deep recession in Greece, Vikos has continued to invest and grow. The company’s enthusiastic drive for creativity challenges it to pursue new projects. Over the next few months, the company plans to introduce a new series of soft drinks under the “Vikos” brand name. As the firm places special emphasis on quality, it holds a number of quality certificates, such as: Lloyd’s Register, ISO 9001/2008, HACCP, ISO 14001/2004 and IFS (version 6). In addition, in terms of microbiological controls, during 2014 and 2015, 61,467 and 61,467 water samples were collected and tested, respectively. The total cost for safety and quality control in 2014 amounted to €377,435 and in 2015 it stood at €347,026.

PROFIT BEFORE TAXES 12,719,189.00 €

Contact Details 2 Hadji Pelleren St., 452 21, Ioannina, Greece Τel: +30 26510 61951 Fax: +30 26510 61363 E-mail: Website:

212 Diamonds

EPIROTIC BOTTLING INDUSTRY (VIKOS) SA 2013 2014 Turnover 68,714,713.00 € 66,549,471.00 € Profit Before Taxes 12,231,777.00 € 12,719,189.00 € Gross Profit 28,984,560.00 € 30,311,286.00 € Net worth 69,408,039.00 € 69,945,963.00 € Liabilities 31,910,854.00 € 28,158,816.00 €

Change (%) -3.2 4.0 4.58 0.8 -11.8




Galaxias, the Greek supermarket


GALAXIAS supermarket chain began its course in 1971 when five friends, working as employees in various fields, decided to pool their savings and enter the consumer products sector with their first outlet. The venture’s starting capital of 300,000 drachmas (approx. 1000 euros) in 1971 was used to form a limited liability company named PENTE, involving a five-member team of shareholders led by the late Vassilis Himonidis (1933-2008). In 1982, the firm converted its legal status from a limited liability to an SA company and proceeded with the development of a supermarket chain. Ten years later, PENTE SA acquired ARGO SA, holding a 99,8% stake, and incorporated the latter’s 13 retail outlets into its supermarket chain. During that same year, the firm launched its first supermarket in provincial Greece, in Orchomenos, Boetia, northwest of Athens. At the end of 2013, the supermarket chain numbered 137 retail outlets, 54 of these located in the wider Athens area, and the rest scattered from Corinth, west of Athens, to Kilkis, northern Greece. Besides operating as retail outlets, thirteen of these outlets also operate as Cash & Carry spots at a wholesale level. Sixty-two of the chains are company-owned, and the rest are leased. The company strives to own all the property it operates from. At a consumer level, the company’s objective is to offer the lowest possible prices. As part of its competitive pricing strategy, the firm offers over 900 private-label products. At present, Pente SA and Argo SA employ a total staff of 3,500. The company has established an incentive program through which top-performing employees are awarded prizes and trips abroad on an annual basis. Distinguished employees are also offered the opportunity to become company shareholders. The majority of company shares are held by employees, who participate at board and shareholder meetings, and are entitled to their respective share of company profits.

462,177,989.00 €

PROFIT BEFORE TAXES 12,628,991.00 €

Contact Details 129 Lenorman St., 104 42 Athens, Attica, Greece Tel.: +30 210 5144 214 Fax: +30 210 5146 123 Website:

PENTE SA 2013 Turnover 458,996,425.00 € Profit Before Taxes 10,408,178.00 € Gross Profit 77,632,292.00 € Net worth 121,512,484.00 € Liabilities 112,857,905.00 €

2014 462,177,989.00 € 12,628,991.00 € 82,385,066.00 € 127,326,218.00 € 113,587,755.00 €

Change (%) 0.69 21.34 6.12 4.78 0.65

Diamonds 213


ENERGY Industrial


Posting exceptional growth in 2014

Turnover 85,965,208.00 €


Protergia is the largest independent electricity producer in Greece. The company’s portfolio of energy assets, with a total installed capacity of 1,200 MW, covers more than 10% of the country’s total power generation. As an electricity producer established through private investments in advancedtechnology power plants, Protergia boasts an in-depth knowledge of the electricity market and is constantly carrying out environment-friendly investments, helping to bolster employment and the national economy. A wholly-owned subsidiary of MYTILINEOS Group, Protergia operates and manages all of the Group’s power plants, which comprise of gas-driven thermal plants and RES plants (wind farms, photovoltaic parks and small hydropower plants). Established in 2010, the company has evolved rapidly in the energy sector. Its vision of unlocking the potential of this sector in Greece has been a priority for the MYTILINEOS Group for the last decade. Protergia is also active in the supply of power with the aim to provide electricity to businesses, professionals and households, responding to customer needs for competitive rates and modern, reliable services. The company applies comprehensive management systems in each respective area, certified with a Quality Management System according to EN ISO 9001:2008; an Environmental Management System according to EN ISO 14001:2004; and a Health and Safety Management System according to OHSAS 18001:2007. Protergia owns and/or operates gas-fired thermal power plants, as well as power plants producing electricity from Renewable Energy Sources (RES) directly on behalf of other MYTILINEOS Group companies. In the RES sector, Protergia operates wind farms, photovoltaic parks and small hydropower plants. Some of these are already in operation, while others are in various development stages (construction or licensing) in various locations around Greece. The commercial activities of Protergia focus on wholesale and retail trading of power generation in the company’s modern, environment-friendly electricity production facilities. In 2014, the firm reported a jump in sales to 85.96 million euros compared to 39.80 million euros a year earlier. Pre-tax income rose to 12.41 million euros against 3.19 million euros in 2013.

12,419,898.00 €

Contact Details 11 Marinou Antypa St., 114 21 Neo Iraklio, Attica, Greece Tel.: +30 210-3448500 Fax: +30 210-3448555 E-mail: Website:

214 Diamonds

PROTERGIA THERMOELECTRIC AGIOS NIKOLAOS SA 2013 2014 Turnover 39,799,127.00 € 85,965,208.00 € Profit Before Taxes 3,192,745.00 € 12,419,898.00 € Gross Profit 8,089,561.00 € 22,893,768.00 € Net worth 91,537,777.00 € 101,307,137.00 € Liabilities 293,364,265.00 € 263,313,030.00 €

Change (%) 116.00 289.00 183.00 10.67 -10.24


Genesis Pharma S.A. Pharmaceutical Products Commercial

Specializing in innovative and biotechnological treatments Relying on its powerful product portfolio and on the implementation of a successful strategy, Genesis Pharma has managed to maintain a leading position in the major therapeutic categories targeted by its drugs, in spite of tough market conditions. The company is continuously expanding its product portfolio and its primary concern is to make sure that Greek patients have direct access to innovative medicines for rare, chronic and severe diseases. The company’s history goes back to 1997, when current CEO, Mr. Konstantinos Euripides, together with co-founders Iakovidis brothers, created a champion for the pharmaceutical company at the time, which was the first company in Greece to be specialized in pharmaceutical biotechnology at a time when the industry was internationally in its early stages. Their vision was to create the best pharmaceutical company in Greece in terms of high expertise, innovation and responsible entrepreneurship. Since its first years of operation, Genesis Pharma managed to establish itself as one of Greece’s largest commercial and pharmaceutical companies active in the domestic market, with ever-growing sales reaching 255 million euros in 2009. Today, 18 years later, the firm is the largest among Greek companies specializing in the promotion, sale and distribution of original and innovative medicines. It sells more than 20 original medicines, of high technology and therapeutic value, most of them biotechnological. Genesis primarily specializes in the multiple sclerosis field with an extensive product portfolio for the disease, while its also offers a range of innovative treatments for rare hematological malignancies and threatening cancers, such as multiple myeloma, metastatic pancreatic cancer, metastatic breast cancer, etc. The firm is also active in the fields of nephrology, gastroenterology and rheumatology. Genesis Pharma acts as an agent for some major international drug companies with an extensive product portfolio and research work, including two of the world’s largest biotechnology companies based on market capitalization, Biogen and Celgene. The strategic alliance agreements signed apply for markets of Greece and Cyprus, but activities expand to the wider region of SE Europe. Genesis is one of the most award-winning Greek companies, as since 2000 to date has received several awards and certificates for growth, innovation, productivity, commitment to excellence and corporate responsibility.

Constantinos Evripides, Chief Executive Officer

Recently, Genesis was ranked among 110 leading European companies in the prestigious business awards “European Business Awards 2014-15” and won the honorary title «Ruban d ‘Honneur».


In 2014, the Group (Genesis Pharma and subsidiary Genesis Pharma (Cyprus) Limited) reported a slight drop in total sales to 102,3 million euros, compared to 105,2 million euros a year earlier, down 2,8%.

98,996,048.00 €

PROFIT BEFORE TAXES 12,294,867.00 €

Contact Details 270 Kifisias Ave. 15232, Chalandri, Athens, Greece Tel.: +30 210 8771500 Fax: +30 210 6859786 E-mail: Website:

Genesis Pharma SA 2013 2014 Turnover 98,881,464.00 € 98,996,048.00 € Profit Before Taxes 20,584,028.00 € 12,294,867.00 € Gross Profit 48,716,393.00 € 42,284,502.00 € Net worth 42,945,250.00 € 51,039,965.00 € Liabilities 117,817,957.00 € 104,663,136.00 €

Change (%) 0.1 -40.3 -13.2 18.8 -11.2

Diamonds 215


NATURAL GAS Commercial


On a growing path year after year

Turnover 67,585,251.00 €

PROFIT BEFORE TAXES 12,034,744.00 €

Contact Details 219 Farsalon St., 413 35 Larisa, Larisa Greece Tel.: +30 2410 582300 Fax: +30 2410 552550 E-mail: Website:

216 Diamonds

The Thessaly Gas Distribution Company SA (EPA Thessaly) was founded in 2000 with the scope to be a driving force in the dissemination of know-how associated with the use of natural gas for residential consumption. In main stake holders in the company are the Public Gas Corporation SA (DEPA) with 51% and a foreign strategic investor (Italy’s ENI) with 49%, which also runs the firm’s management. The company holds an exclusive 30-year license from the Ministry of Development for the management of the Natural Gas Distribution agency, as well as to promote the use and sale of natural gas for consumers under 100 GWh in the Thessaly region. In addition, the company is in charge of the expansion, management, operation and maintenance of distribution networks in its License region. Today, EPA Thessaly’s network serves six municipalities in Thessaly with an already activated natural gas network, while further gas network expansion projects are in progress in 2016. Through a modern and constantly growing pipeline network, and placing emphasis on meeting consumer needs and caring for the environment, EPA Thessaly distributes natural gas safely, both at residential and commercial and industrial consumers. EPA Thessaly applies a Quality Management System according to ELOT EN ISO 9001:2008, which governs the Company’s operations in order to manage the quality of services. Also, in order to safeguard employees and third parties’ health and safety, the firm has implemented the Health & Safety Management System at Work (CSO) in accordance with the requirements of the standard OHSAS 18001:2007 / ELOT 1801:2008, certifying the building of an effective OHS Management System. The low pressure distribution and urban supply network for the Almyros Municipality was expanded in 2015, while the network for the Municipality of Farsala will be expanded in 2016. Gas consumption in Thessaly in 2015 exceeded 129 million cubic meters, covering all possible use sectors (residential, tertiary, industrial), while in 2016, natural gas consumption in Thessaly is expected to exceed 119.7 million cubic meters. In spite of tough market conditions, the Company exceeded its budget target concerning the number of customers acquired in 2015 by 3.3%, increasing its customer base by 4,636 (an increase of 6.1% compared to 2014), which totaled 80,296 clients by 31/12/2015. In 2015, more than 27 km of new pipelines and more than 4,800 new license points were constructed in several municipalities in the Thessaly region, with the value of the investment amounting to 6.6 million euros. The progressive total of constructed licensed points stood at 79,867 on 31/12/2015. In 2015, revenues from gas sales rose 11.7% to 65.21 million euros compared to 58.38 million euros a year earlier. EBITDA rose to 21.23 million euros against 17.59 million euros in 2014, up 20.7%. Operating profit also jumped 26.6% to 14.86 million euros compared to 11.74 million euros a year earlier. THESSALY GAS DISTRIBUTION COMPANY SA 2013 2014 Turnover 71,989,391.00 € 67,585,251.00 € Profit Before Taxes 13,894,906.00 € 12,034,744.00 € Gross Profit 18,008,956.00 € 16,265,966.00 € Net worth 91,455,236.00 € 90,619,160.00 € Liabilities 39,477,061.00 € 37,732,649.00 €

Change (%) -6.1 -13.4 -9.7 -0.9 -4.4



Turnover 44,321,569.00 €

PROFIT BEFORE TAXES 11,972,182.00 €

Contact Details 1st km Gravia-Lamia Rd., 330 57 Delphi, Fokida, Greece Tel.: +30 22650 91684 Fax: +30 22650 91009 E-mail: Website:

INFORMATION TECHNOLOGY Industrial Apostolos Vakakis

Turnover 454.276.468


96.956.097 € 29,468,093.00

PROFIT BEFORE TAXES Contact Details 10,902,910.00 € Contact Details Kato Scholari, 575 00 Epanomi, Thessaloniki, Greece Tel: +30 23920 21420 Fax: +30 23920 21417 E-mail: Website:


Among Greece’s most dynamically growing companies Construction company PAPAIOANNOU BROS S.A., operating under the brand name INTERKAT S.A., was founded in 2003 by brothers Michael and Panourgias Papaioannou, with headquarters located in Gravia, Fokida. The firm is active in the constructions sector, undertaking all kinds of technical projects, with its scope also including the the exploitation of quarries of inert or non inert material and other quarry products; trade, import and representation of any kind of cars, vehicles and machines; and exercise of any kind of tourist and construction activities. Also, in August 2013, the company acquired the official certificate of “E-class public contractor” which allows it to be involved in public works. INTERKAT and ERGOKAT have both been certified and apply the Systems of Quality and Health & Safety, proving that company is in a position to ensure a high level of internal operation, both for the organizational structure and the required processes, achieving improved results with the participation of the staff involved. Particular attention deserve, both in breadth and excellence of sophisticated mechanical equipment, and the high level of expertise that distinguishes their executives.

PAPAIOANNOU BROS SA 2013 2014 Turnover 47,332,454.00 € 44,321,569.00 € Profit Before Taxes 5,688,257.00 € 11,972,182.00 € Gross Profit 8,379,406.00 € 13,084,202.00 € Net worth 12,073,345.00 € 16,324,497.00 € Liabilities 15,930,553.00 € 19,784,989.00 €

Change (%) -6.36 110.47 56.15 35.21 24.20


A pioneer in the software sector BETA CAE Systems S.A., headquartered in Thessaloniki, northern Greece, is a private engineering software company committed to the development of state-of-the-art Computer Aided Engineering software systems that meet the requirements of all simulation disciplines. The company’s products are: the SPDRM (Simulation, Process, Data & Resources Management), the ANSA, the Eπilysis, the μETA and Tosca-ANSA environment. It holds a worldwide leading position across a range of industries, including the automotive, railway vehicles, aerospace, motorsports, chemical processes engineering, energy, electronics, heavy machinery, power tools, and biomechanics. In addition to its products, the company also offers a wide variety of services, including: support, training, consulting and tutorial guides. In the training department, basic and advanced training courses can be scheduled upon request. A variety of standard or tailored training schedules, per product or per discipline, are being offered to meet customers needs. Regarding the consultancy services, the company’s main aim is to motivate and assist customers to deploy highefficiency simulation procedures into their product development process, using the company’s software. Beta Cae Systems also offers on-line help and additional documents such as updated Users’ Guide, Release Notes, Supported Keywords lists, etc., which are available with each software distribution. Tutorial material and sample files for beginners are also available. Committed to its mission to produce best-in-class CAE software systems, BETA CAE Systems offers products that consistently exceed expectations and provides exemplary technical support to its customers. BETA CAE SYSTEMS SA 2013 2014 Turnover 27,446,135.00 € 29,468,093.00 € Profit Before Taxes 11,448,090.00 € 10,902,910.00 € Gross Profit 20,929,197.00 € 21,628,945.00 € Net worth 1,713,124.00 € 1,750,178.00 € Liabilities 32,689,936.00 € 24,897,533.00 €

Change (%) 7.4 -4.8 3.3 2.2 -23.8

Diamonds 217




Holding on a top position for yet another year

Turnover 250,683,984.00 €

The US giant has been operating in the Greek pharmaceutical market for the past 55 years through its subsidiary Pfizer Hellas, occupying a top market position. The firm has exhibited a dynamic growth potential, making major investments that have exceeded 200 million euros in recent years to boost its local activities. In spite of tough market conditions in Greece, the Group has demonstrated its determination to remain active in the country, as well as to contribute not only financially but also socially, making its products available to Greek patients. Following its merger in 2010 with Wyeth, the leading biopharmaceutical reinforced its strong position in Greece. The firm was founded in 1960, starting with a tiny workforce of 40 people at its first factory in the inner Athens suburb of Pangrati. Growing up, the company in 1970 added a new plant in Avlonas, East Attica, giving new life and creating new demands in the pharmaceutical industry. Export activities began in 1980. In 2003, Pfizer Hellas became the largest pharmaceutical company in Greece, maintaining that position for several years. Pfizer Hellas’ management emphasizes that the firm’s operational development in the past decades has provided significant benefits to the Greek economy, since it has created many jobs for young scientists, providing training and development opportunities, while significant amounts of money were tunneled to the Greek state through taxes and social security contributions. A milestone for the company has been the 2010, when it merged operations with Wyeth Hellas, creating the most powerful biopharmaceutical company in Greece. In 2012, the company decided to break away its veterinary products industry and set up a subsidiary, named Zoetis. The new Pfizer Hellas involves in a wide range of activities in the field of human health. Its innovative formulations include vaccines, biological medicines and food products, while the high level of human resources expertise and specialization gives the firm an unprecedented dynamic. In 2014, Pfizer Hellas reported a drop in sales to 250.68 million euros against 282.15 million euros a year earlier, down 11.15%. However, the company managed to maintain its profitability at 11.37 million euros compared to 20.73 million euros in 2013.

PROFIT BEFORE TAXES 11,378,833.00 €

Contact Details 243 Messogeion Ave., 154 51 Neo Psychiko Attica Greece Tel.: +30 2106785800 Fax: +30 2106785971 Website:

218 Diamonds

PFIZER HELLAS SA 2013 Turnover 282,157,501.00 € Profit Before Taxes 20,737,689.00 € Gross Profit 157,697,507.00 € Net worth 235,344,321.00 € Liabilities 114,197,527.00 €

2014 250,683,984.00 € 11,378,833.00 € 79,188,394.00 € 231,818,948.00 € 101,490,227.00 €

Change (%) -11.15 -45.13 -49.78 -1.50 -11.13




Leading the biscuit sector

Ioanna Papadopoulou, President & CEO

Turnover 133,694,363.00 €

PROFIT BEFORE TAXES 11,319,124.00 €

Papadopoulos SA is the market leader in the biscuit industry and a strong player in the bread substitute segment (Rusks, Breadsticks, Krispies). More specifically, the company ranks second in the overall rusk market and is a leader in the category of premium rusks. Fostering a spirit of innovation and growth, along with a pioneering outlook, the company continues to expand into new product categories. In 2011, it created an innovative product in the cereal bars sector, the Digestive Bar, the first ever cereal bar to be made with biscuit. In 2013, the firm extended its presence in the Greek market with the launch of packaged sliced bread. Papadopoulos owns four production sites in different parts of Greece (Athens, Thessaloniki, Volos, Inofyta), as well as a central warehouse in Aspropyrgos, west of Athens, all certified and operating according to the International Quality Management Standard ISO 9001:2008, Food Safety Standard ISO 22000:2005, and the Hazard Analysis Critical Control Points (HACCP) system. These certified standards apply to all company activities in administration and production, as well as in commercial activities. Papadopoulos, with a current staff of approximately 1,200, operates three sales departments across Greece, in Athens, Thessaloniki and Volos, mid-eastern Greece. Distribution in all other parts of the country is carried out by a network of local partners. A total of 200 sales representatives and merchandisers work in the field each day, along with a number of wholesalers, in order to ensure the wide distribution of the company’s products. Papadopoulos has received numerous awards at both international and national trade fairs. The Papadopoulos company is currently present in more than 40 countries across five continents, with its Caprice brand leading the way, while southeastern Europe, along with Cyprus, constitute an area of strategic growth. Internationally, the company maintains its growth trajectory, aiming at further penetrating the Organized Retail Networks in the European markets, as well as the markets of the Middle East. The company in 2014 increased its sales and strengthened its position in all categories of its business operations. It continued to strengthen its leading position in biscuits, having launched new high value-added products. It has also maintained its successful course in the fresh sliced bread market. In 2014, the company saw its sales rise to 133.7 million euros compared to 126.4 million in a year earlier. Pre-tax earnings dropped slightly 11.3 million euros against 12.1 million euros in 2013.

Contact Details 26 Petrou Ralli Ave., 118 10 Athens, Attica, Greece Tel: +30 210 3482000 Fax: +30 210 3421225 E-mail: Website:

E.J. PAPADOPOULOS SA 2013 2014 Turnover 126,428,954.00 € 133,694,363.00 € Profit Before Taxes 12,127,527.00 € 11,319,124.00 € Gross Profit 59,049,575.00 € 63,236,083.00 € Net worth 84,451,568.00 € 81,472,807.00 € Liabilities 83,181,675.00 € 87,819,101.00 €

Change (%) 5.7 -6.7 7.1 -3.5 5.6

Diamonds 219




A leader in health services

Evangelos Spanos, President and CEO, BIOIATRIKI SA

Turnover 85,303,627.00 €

BIOIATRIKI SA Group of Health Companies operates in the medical health care sector. Founded in 1981, the firm is today the leading private medical provider of primary care services in Greece, with 26 diagnostic centers, occupying a total floor space of over ​​ 30,000sqm and counting more than 2.0 million visits per year. Bioiatriki is the first diagnostic primary care company to certified with ISO 9001 (1999) and ISO 15189 (2007) for a wide range of accredited tests. The group has also won several top distinctions, both in national programs (ESEAP, among 200 laboratories) and European ones (BIORAD, among 550 laboratories) of external quality assessment. The Group’s commitment in innovation and reliability of medical results led to its recognition as a European Centre of Excellence by two international giants, Roche (for full automation of laboratories) and General Electric (for CT and MRI). Further, it has entered a strategic partnership with US leading medical organization Mayo Clinic, for specialized and rare laboratory tests and the Medical Second Opinion service. Bioiatriki Group also operates three privately-owned clinics, BIOCLINIC Athens, Piraeus and Thessaloniki, which are models of modern high-quality hospital units, as well as three dental units (Athens, Alimos, Kifissia). The Group cooperates with more than 400 companies, the largest insurance companies and all social security funds. In 2014, the Group reported an increase in sales to 159.13 million euros (which was reduced to 114.83 million euros following the deduction of 44.03 million euros for rebates & clawbacks), against 111.50 million euros a year earlier. At company level, sales in 2014 rose to 112.66 million euros (reduced to 85.30 million euros following the deduction of 37.35 million euros for rebates & clawbacks), against 85.58 million euros a year earlier. The Group’s pre-tax income rose to 8.38 million euros against 6.73 million euros a year earlier, while net profit increased to 7.16 million euros compared to 6.95 million euros in 2013. At company level, pre-tax income rose to 10.87 million euros against 9.40 million euros a year earlier, while net profit increased to 10.42 million euros compared to 7.41 million euros in 2013.

PROFIT BEFORE TAXES 10,872,434.00 €

Contact Details 132 Kifissias Ave. & Papada St., 11526 Athens, Attica, Greece Tel.: +30 2106966000 FAX: +30 2106980553 E-mail: info@ Website:

220 Diamonds

BIOIATRIKI SA 2013 Turnover 85,569,493.00 € Profit Before Taxes 9,440,158.00 € Gross Profit 26,780,843.00 € Net worth 95,939,479.00 € Liabilities 88,928,990.00 €

2014 85,303,627.00 € 10,872,434.00 € 28,932,725.00 € 83,769,118.00 € 80,539,985.00 €

Change (%) -0.31 15.17 8.04 -12.69 -9.43


ENERGY Industrial


Sales and profits jump in 2014 Heron SA is a group of companies active in power generation and supply, which began operation in 2000. The firm is today supported by three major energy groups. Heron was the first private group to operate in Greece’s liberalized energy market. In 2014, the company built Greece’s first privatelyowned power plant, while a second, combined cycle power plant was built in 2009 at the same location. Heron was established by GEK TERNA Group, a leader in energy generation from conventional and Renewable Energy Sources (RES) in Greece and internationally. In 2009, a stake in the firm was acquired by GAZ DE FRANCE SUEZ, the world’s largest independent power generator and supplier. In March 2014, QATAR PETROLEUM INTERNATIONAL (QPI) another global energy leader acquired a stake in the Heron II power plant. Natural gas consumption in 2014 decreased by 34% (9.9 TWh thermal), reflecting the changes in the country’s energy market, which led independent power generation companies to cut output after January 2014. Overall, natural gas power stations consumed 37% (10,3 TWh) less compared to 2013. Industrial natural gas consumption increased by 5.5% (0.42 TWh), compared to 2013, while the import-export balance increased to 8,590,918 MWh in 2014, four times up compared to 2013. Imports from Albania, Bulgaria and FYROM (Former Yugoslav Republic of Macedonia) increased by 47%, 43% and 139% respectively. Net 2013 exports of 1,79,816 MWh to Italy, were converted to net imports of 1,213,427 MWh in 2014, while net exports to Turkey fell by 75%. The firm in 2014 reported a jump in sales to 111.35 million euros compared to 64.88 million euros a year earlier. EBITDA also rose to 15.22 million euros against 10.35 million euros in 2013. Net profit jumped to 8.00 million euros compared to 2.72 million euros a year earlier.

Turnover 111,349,000.00 €

PROFIT BEFORE TAXES 10,841,000.00 €

Contact Details 124 Kifissias Ave, 115 26 Athens, Attica, Greece Tel: +30 213 0333000 Fax: +30 210 6968196 E-mail: Website:

HERON SA 2013 Turnover 64,883,000.00 € Profit Before Taxes 5,857,000.00 € Gross Profit 7,312,000.00 € Net worth 36,800,000.00 € Liabilities 31,608,000.00 €

2014 111,349,000.00 € 10,841,000.00 € 12,228,000.00 € 39,808,000.00 € 33,908,000.00 €

Change (%) 71.6 85.1 67.2 8.2 7.3

Diamonds 221




Highly successful chain of department stores in Greece

Konstantinos Tsouvelekakis, Vice-President

Turnover 141,077,318.00 €

PROFIT BEFORE TAXES 10,627,911.00 €

Attica department stores SA runs a highly successful chain of department stores in Greece named Attica, offering a variety of top-grade brands in women’s, men’s and children’s clothing, along with a large collection of bags, shoes, accessories, beauty and home products. Currently operating four department stores with a staff of some 2,500 employees, Attica maintains an appealing up-to-date product mix for an overall effort that ranks it among Europe’s top up-market department stores, rivaling enterprises such Selfridges, Harvey Nichols, Gallery Lafayette and La Rinascente. Besides being well-located and offering a wide selection of fashion brands and personalized services, Attica stores are renowned for high-level aesthetics, largely due to the enterprise’s artful window displays that are conceptualized by a dedicated creative team. Attica has operated a flagship store in the heart of Athens, at prestigious Syntagma, since 2005. Housed within City Link, a preserved historic Athenian building, this department store occupies 25,000sqm and eight levels of selling space, making it Greece’s largest department store. The company also operates a four-level department store in the capital’s affluent northern suburbs, within the Golden Hall shopping center, a fashion and beauty destination. Attica launched its business at this address in 2008. More recently, in 2012, the company opened a third department store in the northern city of Thessaloniki at the Mediterranean Cosmos Mall. The move was expanded a year later with the acquisition of additional selling space to accommodate for a casuals brand collection. Also in 2013, Attica expanded its activity in the field of casual wear and denim by creating a new store solely dedicated to up-to-date casual brands, housed within The Mall Athens shopping center. Last year, Attica launched a second Thessaloniki department store, an investment valued at 10 million euros. Occupying a floor space of 7,000sqm, this department store employs more than 200 persons. The company’s success is the result of careful economic management, constant monitoring and thorough knowledge of the retail sector. Also, due to its maintenance of a steady cash flow, the company is able to take advantage of further business opportunities. In 2015, the firm reported a rise in sales to 158.01 million euros against 141.08 million euros a year earlier, up 12%. Pre-tax income rose 12.16% to 10.63 million euros year-on-year.

Contact Details 9 Panepistimiou St., Athens, Greece Tel: +30 211 1802600 Fax: +30 211 1802515 Email: Website:

222 Diamonds

ATTICA DEPARTMENTS STORES SA 2013 2014 Turnover 91,837,246.00 € 141,077,318.00 € Profit Before Taxes 5,735,583.00 € 10,627,911.00 € Gross Profit 28,847,272.00 € 44,495,682.00 € Net worth 42,778,640.00 € 48,733,123.00 € Liabilities 85,610,580.00 € 107,077,512.00 €

Change (%) 53.62 85.30 54.25 13.92 25.08


Pharmaceutical Products Commercial

Bristol-Myers Squibb SA

Strong profitability in an adverse environment

Turnover 63,004,846.00 €


For over half a century, Bristol-Myers Squibb’s subsidiary in Greece has managed to convey to the Greek health system the innovation and discoveries of its multinational parent, a global player in the biopharmaceutical industry with the main objective to development and deliver innovative drugs to treat diseases such as cancer, HIV/AIDS, rheumatoid arthritis, chronic hepatitis B and C virus and cardiovascular diseases. In recent years, the firm has been intensely active and has gone ahead with a number of major acquisitions. The Greek subsidiary is considered one of the most well-known pharmaceutical companies in the country, a fact attributed to its very popular analgesic Depon, a best seller in the Greek market with annual sales of over 100 million. The parent company was founded in 1887 by William McLaren Bristol and John Ripley Myers; besides the pharmaceuticals sector, the firm has also expanded to the field of consumer ​​ products. The US company is proud of the benefits to its shareholders, as it holds a dividend distribution record for more than 300 consecutive quarters, even raising the profits distributed! The Bristol-Myers Squibb group management seeks to help in extending and improving human life by providing innovative medicines for the treatment of serious diseases. At the same time, it contributes to significant health initiatives. The Greek subsidiary, which was transformed into an S.A. in 2007, has been awarded at European level for its good working environment. Today, Bristol-Myers Squibb is among the leading biopharmaceutical companies worldwide. Having adopted a new business model and thanks to its on-going product research and development, the firm is well positioned to continue on its strong growth path. Bristol-Myers Squibb SA Greece supports this process through its own path. The parent company, placing particular emphasis on research, founded in 1938 the Institute of Pharmaceutical Research, which absorbs the bulk of investment in research; it operates in five US-based principal locations, which are connected with a network of smaller facilities across the globe. In 2015, the Group reported total sales of 16.6 billion dollars, an increase of 4.3% year-on-year. Pretax earnings fell from 2.3 billion dollars in 2014 to 2.0 billion dollars in 2015. At product level, BMS received over 100 approvals for new medicines and additional indications and formulations of currently marketed medicines, including over 20 in major markets (US, EU and Japan).

10,606,859.00 €

Contact Details 49-53 Attikis St. & 2 Propontidos St., 152 35 Vrilissia, Attica, Greece Tel.: +30 210 6074300 Fax: +30 210 6074333 Website:

Bristol-Myers Squibb SA 2013 2014 Turnover 82,871,032.00 € 63,004,846.00 € Profit Before Taxes 18,447,516.00 € 10,606,859.00 € Gross Profit 39,361,293.00 € 30,155,205.00 € Net worth 16,174,483.00 € 8,102,384.00 € Liabilities 33,923,318.00 € 32,769,227.00 €

Change (%) -24.0 -42.5 -23.4 -49.9 -3.4

Diamonds 223




Offering solutions to people with very special needs

Turnover 72,116,473.00 €

PROFIT BEFORE TAXES 10,575,288.00 €

Anastasios Mavrogenis SA is the exclusive agent of Coloplast since 1990, enjoying a successful track record in Greek market. Coloplast develops products and services that make life easier for people with very personal and special medical conditions. Headquartered in Athens in privately-owned premises, the firm also has branches in Thessaloniki, Patras, Heraklion, Crete, sales office in Larissa and scientific partners throughout Greece, thereby strengthening customer service. It provides the Greek market with five of the six Coloplast product lines: • Ostomy care products • Urine management products • Care products for skin ulcers • Skin care products The company has a large variety of all these products and always ensures for clients, users and health professionals, the most advanced products that meet different requirements and needs. Feeling great moral responsibility to its customers, the firm strives to ensure that apart from innovative products, its customers are offered quality services and ongoing support. In 2014, the firm reported a rise in sales to 72.12 million euros, up 16.6% year-on-year. Likewise, pretax income grew 8.2% to 10.58 million euros. The Coloplast history It all started back in 1954. Nurse Elise Sørensen was concerned by the dramatic change in her sisters lifestyle following an ostomy operation. Thora no longer dared to go out, fearing that her stoma would leak in public. Elise was determined to help her sister out of her isolation. She came up with the idea of an ostomy bag with an adhesive ring, which would make it fit tightly to the skin. This would prevent leakage and give her sister – and thousands of people like her – the chance to return to their normal life. Since then, Coloplast activities expanded to include ostomy care products, incontinence management products and neurogenic bowel and skin care products and skin ulcers. The way Coloplast people work in the undertaking keeps alive the spirit of Elise and its founders.

Contact Details 1A Gionas St., 144 51, Metamorfossi, Attica, Greece Tel.: +30 210 2020232 Fax: +30 210 2020775 Website:

224 Diamonds

MAVROGENIS ANASTASIOS SA 2013 2014 Turnover 61,849,594.00 € 72,116,473.00 € Profit Before Taxes 9,773,670.00 € 10,575,288.00 € Gross Profit 29,603,075.00 € 32,115,721.00 € Net worth 24,808,308.00 € 29,291,900.00 € Liabilities 52,092,443.00 € 51,776,456.00 €

Change (%) 16.60 8.20 8.49 18.07 -0.61



The Mediterranean Hub, connecting Europe to the world OTEGLOBE, headquartered in Athens-Greece, is the international wholesale arm of OTE Group and the leading wholesale carrier in S.E. Europe with global reach, delivering a complete portfolio of voice and data services. By combining a resilient subsea route with a diverse terrestrial network, OTEGLOBE offers an alternative path for connecting Europe to Asia and the world through Greece and emerges as a reliable hub in the Mediterranean basin. OTEGLOBE is the only carrier that reaches W. Europe through Greece with two fully owned, geographically diverse networks, the GWEN and the TBN, while it operates a private IP network with presence in the main telecom hubs in Europe. The company adapts constantly to the dynamically changing global environment by investing in numerous submarine cable consortia (the latest of which is AAE1), continuously upgrading its existing, diverse and resilient network infrastructure and forming strong partnerships with major global carriers. At the same time, OTEGLOBE is an established IPX carrier with strong presence in the global voice wholesale market, offering high quality voice and roaming services over one single point of interconnection, as well as a broad range of mobile and value added services. In 2015 OTEGLOBE’s revenues reached €315.7 mn presenting an increase of 10% Vs 2014. Since 2007, the company has increased its revenues by 91% (from €165.1 mn to €315.7 mn), by recording a continuous year-on-year revenues increase. 80% of the 2015 total revenues come from international customers. OTEGLOBE recorded the impressive 83% increase in net cash flow from operating activities, which reached €27.7 mn in 2015 from €15.2 mn in 2014. This is mainly a result of the company’s operational profitability and of more efficient working capital management. At the same time, the company’s operating costs were decreased by 18% Vs 2014. EBITDA reached €17.2 mn in 2015, presenting a small decrease Vs 2014 (€18.4 mn).

Dinos Andreou, Chief Executive Officer

Turnover 287,147,282.00 €

PROFIT BEFORE TAXES 10,510,330 .00€

Contact Details 6-8 Zinonos Eleatou & Agisilaou st. 15123, Amaroussion, Attiki, Greece Tel.: +30 210 8762500 Fax. +30 210 8762609 E-mail: Website:

Turnover Profit Before Taxes Gross Profit Net worth Liabilities

OTE INTERNATIONAL SOLUTIONS SA 2015 2014 315.659.991 € 287.147.282 € 7.842.016 € 10.510.330 € 30.588.894 € 30.539.319 € 200.687.232 € 194.574.318 € 94.844.058 € 90.602.965 €

Change (%) 9,9% -25,4% 0,2% 3,1% 4,7%

Diamonds 225


Boehringer Ingelheim Hellas S.A. Pharmaceuticals Industrial

Dimitrios Anagnostakis, President & CEO

A Quadruple Leader of the Greek Pharmaceutical Market Pharmaceutical Boehringer Ingelheim was established in 1885 and is now among the world’s top 20 pharmaceutical companies. The company has recently been named one of the top 100 innovative companies of all industrial sectors. Meanwhile the company is launching a new R&D strategy pledging to invest a total amount of 11, 5 billion euro over the next years. In Greece, the firm was founded in 1966 and is considered to be a market leader among the country’s top 10 drug companies, while it has awarded several times both in Greece and abroad for its successful launches of innovative products including respiratory, cardiovascular, pain management, and recently Diabetes and oncology. Boehringer Ingelheim Hellas is also considered to be an innovation leader as it participates actively in the parent company’s international clinical research program with a total investment of 11.5 million euros in the past five years in its participation in clinical trials. Boehringer Ingelheim Hellas SA is the only subsidiary of a multinational company in Greece that has been posting growing sales in recent years, amidst adverse conditions in the domestic market, helped primarily by its strong exports. Notably, the firm posted a high level of 2015 sales, as a result of both high exports and the returns of a 2012 investment in production facilities, now fully operational. The company this year celebrates the 40th anniversary of the opening of its production facility in Koropi, Attica, which set new standards in the country’s industrial sector. Today, it is the only multinational pharmaceutical company that maintains its industrial production facility in Greece, supplying not only the Greek market but also the markets of more than 45 countries. Its export activity is of particular importance not only to the firm itself, but also to the country’s economy, as it accounts for about 1% of total Greek exports, establishing Boehringer Ingelheim Ellas as a production & exports leader. Its parent company recently entrusted Boehringer Ingelheim Hellas with the production of innovative antidiabetic drugs at the Greek plant, aimed at covering a large part of its international production, which is a ‘first’ in the company’s history. Such actions and investments in production and export activity by Boehringer Ingelheim Hellas – with exports being its strong asset, stand proof of the confidence shown by the German multinational and its intention not only to upgrade its Greek subsidiary, but also to support and boost Greek exports. Boehringer Ingelheim Hellas’ initiatives for Greece’s economy are summarized in the triptych: “We Invest, We Grow, We Support.” Last but not least, the firm’s human resources, more than 350 people, comprise leading scientists and sector professionals with the required skills, education and experience to implement its objectives and promote its vision, “Value through Innovation”. In 2015, the firm posted sales of 235 million euros, with pre-tax profits rising to 5.4 million euros.

Turnover 245,823,787.00 €

PROFIT BEFORE TAXES 10,001,635.00 €

Contact Details Headquarters: 2 Ellinikou St., 167 77 Elliniko, Attica, Greece Tel.: +30 210 8906.300 Fax: +30 210 8983.207 Production facility: 5th Km PaianiaMarkopoulo Highway, 194 00 Koropi, Attica, Greece Tel.: +30 210 6623.901 Fax: +30 210 6623.905 Website: com E-mail:

226 Diamonds

Boehringer Ingelheim Hellas S,A, 2013 2014 Turnover 299,222,803.00 € 245,823,787.00 € Profit Before Taxes 10,857,770,00 € 10,001,635.00 € Gross Profit 31,041,205.00 € 59,637,501.00 € Net worth 38,951,404.00 € 39,307,580.00 € Liabilities 119,406,836.00 € 125,536,506.00 €

Change (%) -17.8 -7.9 92.1 0.9 5.1


Pharmaceuticals Products Commercial

Merck Sharp & Dohme SA

One of the 10 largest pharmaceutical companies in the world

Haseeb Ahmad Chief Executive Officer

Turnover 182,649,305.00 €


Merck Sharp & Dohme (MSD) began operation in Greece in June 2010, and today employs a staff of more than 230. It is a subsidiary of the multinational group Merck & Co, based in New Jersey, which employs 70,000 staff members in 140 countries around the world. The company operates under the name Merck in the US and Canada, and as MSD in Europe. MSD, the world’s second largest pharmaceutical company, remains firm on its aim of fulfilling its basic mission: «to keep people healthy.» Although, the company officially began operation in Greece in 2010 following the completion of a merger with Schering Plough, the latter maintains a long presence in Greece since 1974. In November 2009, Merck merged with Schering Plough worldwide to create a new company that works hard to keep people healthy. Today, MSD, as one of the largest global drug companies, occupies an important place among the top 10 companies in Greece in terms of total sales volume of therapeutic products. In Greece, MSD has joined forces with VIANEX, a partnership that now counts 31 years, improving patient access to innovative and effective treatments. MSD’s product portfolio in Greece includes a number of innovative preparations for therapeutic areas such as respiratory, anaesthesiology, arthrosis - musculoskeletal diseases, gynaecology (treatments for infertility, contraception, menopause), dermatology, diabetes - endocrinology, cardiovascular, central nervous system, infectious diseases (treatment for HIV/AIDS, HEP C, fungal and bacterial infections), oncology, urinary, ophthalmology, digestive. The firm also offers biological factors (treatments for rheumatoid arthritis, ankylosing spondylitis, psoriatic arthritis, psoriasis, Crohn’s disease, pediatric Crohn’s disease, ulcerative colitis, pediatric ulcerative colitis). In the R&D field, the company continues to actively demonstrate its commitment. Specifically, the company employs a global staff of approx. 11,400, with a total turnover of USD 7.2 billion in 2014, against USD 7.5 billion in 2013. The parent company in 2015 reported a drop in sales to USD 39.49 billion, compared to USD 42.23 billion a year earlier.

9,939,520.00 €

Contact Details 63 Agiou Dimitriou St., 17456, Alimos, Attica, Greece Τηλ.: +30 210 9897300 Fax: +30 210 9897444 E-mail: Website:

Merck Sharp & Dohme SA 2013 2014 Turnover 160,448,953.00 € 182,649,305.00 € Profit Before Taxes 15,852,565.00 € 9,939,520.00 € Gross Profit 39,246,475.00 € 42,062,341.00 € Net worth 20,573,280.00 € 21,379,555.00 € Liabilities 234,132,843.00 € 226,705,936.00 €

Change (%) 13.8 -37.3 7.17 3.9 -3.2

Diamonds 227




Leader in the wider beauty market

Ersi Pirishi, President and CEO

Turnover 116,364,183.00 €


Much can be said about L’Oréal, as it is one of the strongest companies in the cosmetics industry worldwide and has dominated the field of hairdressing in Greece. The firm’s ‘representatives’ include some of the biggest female international stars. Headquartered in France, L' Oréal Paris’ presence spans some 130 countries, having at its core a philosophy of innovation and offering the best products at best prices to as many consumers possible. The group remains at the top of the global cosmetics market, employing a staff of 78,600, and enjoying a market share of nearly 29%. Its sales in 2014 rose to 25.26 billion euros against 22.53 billion euros a year earlier, with profit increasing to 4.39 billion euros compared to 3.89 billion euros in 2013. The firm’s source of inspiration includes several global symbols from the world of arts, fashion and beauty, as well as passionate and talented people, men and women of all ages and backgrounds. Besides the company’s ambition is to create the largest range of products in order to meet the multidimensional world that surrounds us. L’ Oréal researchers use the latest scientific discoveries to develop exclusive, innovative and safe products, whose use is understandable by all. The company’s mission is to make scientific innovations accessible to everyone. It is the undisputed leader in the fragrances and cosmetics industry, offering a wide range of popular products. In Greece, L’ Oréal products appeared in the mid-1930s, and 40 years later the French group decided to establish a subsidiary in Greece. However, its factory operating in Greece since the early 1970s was destroyed in an Athens 1999 earthquake. L’ Oréal Hellas operates four distribution channels for cosmetics: hair salons, pharmacies, selective and wide distribution. Its Avlona-based Logistics Center processes 190,000 orders and 13,000 codes per year. In 2014, the Greek subsidiary reported a slight increase in sales to 116.36 million euros against 114.14 million euros a year earlier. Pre-tax income also rose to 9.93 million euros compared to 8.08 million euros in 2013.

9,932,798.00 €

Contact Details 39Α Ethnikis Antistaseos Ave., 142 34 Nea Ionia Attica Greece Τel.: +30 210 6188400 Fax: +30 210 6108.212 E-mail: Website:

228 Diamonds

L’ OREAL HELLAS SA 2013 2014 Turnover 114,135,097.00 € 116,364,183.00 € Profit Before Taxes 8,075,402.00 € 9,932,798.00 € Gross Profit 85,895,662.00 € 86,696,658.00 € Net worth 11,738,262.00 € 14,667,047.00 € Liabilities 39,795,151.00 € 40,580,581.00 €

Change (%) 1.95 23.00 0.93 24.95 1.97




Producing 770 million pcs at 11 different plants

Turnover 125,696,337.00 €

PROFIT BEFORE TAXES 9,890,524.00 €

Famar is arguably the Greek pharmaceutical company for which the motto “strength in unity” applies to a greater extent than any other rival firm, given it has collaborated with some 150 international pharmaceutical companies, offering its products in four continents. Being a member of the Marinopoulos Group, Famar’s primary activity is to produce products for third parties, especially multinational companies, for which the firm produces over 770 million units, or about 5,500 different product codes that are distributed in over 120 countries. Famar was founded in 1949 and maintains facilities in five European countries. In Greece, the company facility is located in the southern Athens suburb of Alimos, while production activity takes place at its modern facilities in Avlona, 50 km north of Athens. The company’s turnover in 2014 is estimated to reach 455 million euros, while its workforce throughout Europe exceeds 3,200 employees. Through a series of strategic moves made in the 1990s, Famar climbed to a leading position in the Greek market. In 1990, the company acquired a factory from Ciba-Geigy in Anthoussa, northeastern Athens. Three years later, Famar acquired a Pfizer plant in Avlona. It also incorporated the business unit of Sandoz and, in 1999, acquired a unit from Roche in Bladel, Netherlands. In 2000, Famar bought a SmithKline Beecham production facility in Italy. In 2001, the company entered the French market, where it acquired a Novartis production unit for solid and liquid pharmaceutical forms, as well as an Aventis Pharma unit for solid pharmaceutical products. The following year, Famar acquired the Sephora distribution center in Boigny. In 2004, Famar acquired an additional plant in France, a production unit for solid and liquid pharmaceutical forms, from Aventis. In 2007, it acquired an industrial plant for sublimated and cytostatic medicines from Abbott. Two years later, Famar bought a factory for production of liquid and semisolid pharmaceutical forms from Johnson & Johnson. In 2011, Famar also stepped into Spain by purchasing a factory from Sanofi in Madrid. Famar exports 70% of its production. Backed by 11 production facilities, four in Greece and seven abroad (France, Italy, Netherlands and Spain), and a distribution center in Thebes, northwest of Athens, Famar is one of the largest independent producers for drug companies in Europe and internationally. It produces medicines for some 150 multinationals. In 2014, the parent company in Greece posted turnover of 125.7 million euros, compared to 131.54 in 2013. Profits rose to 9.89 million euros against 6.77 million euros a year earlier.

Contact Details 63, Agiou Dimitriou St., 174 56, Alimos, Attica, Greece Tel.: +30 210 9898500 Φαξ: +30 210 9888800 E-mail: Website:

FAMAR SA 2013 Turnover 131,535,877.00 € Profit Before Taxes 6,774,427.00 € Gross Profit 48,441,861.00 € Net worth 37,033,278.00 € Liabilities 107,142,695.00 €

2014 125,696,337.00 € 9,890,524.00 € 42,535,392.00 € 37,397,179.00 € 96,871,030.00 €

Change (%) -4.4 46.0 -12.2 1.0 -9.6

Diamonds 229


PETROLEUM PRODUCTS BP primary signature Full-colour For uncoated paper, light background, CMYK Colour



The leader in Greece’s lubricant industry

Spyros Michalakakis, President and CEO

Turnover 270,954,051.00 €

BP has been an active supporter of the Greek economy since 1951 and is nowadays one of the leading companies in the market. BP Oil Hellenic markets a full range of automotive and industrial lubricants through Castrol and BP brands in Greece and other Balkan countries. Marine Lubricants supplies customers with products in 12 ports around Greece, while Air BP sells aviation fuel at 22 international and general aviation airports throughout the country. Lubricant sales have the leading position in Greece in both automotive and industrial markets. Their OEMs partnerships provide customers with the most improved high-performance lubricant superbrands that ensure cost efficiency. Currently, Castrol has strong partnerships with Aston Martin, Ford, Seat, Skoda, VW-Audi, Husqvarna, Jaguar, Komatsu, Land Rover, MAN, Triumph and Volvo. BP has also licensed the use of its brand on retail sites to Hellenic Petroleum under a brand licensing agreement. The partnership has progressed even further with the sales of automotive BP and Castrol lubricants through over 2000 gas stations across the country. BP is committed to maximizing value for customers through a mutually beneficial relationship founded on world-class products and services. All activities are certified by ISO 9001/2008, ISO 14001/2004 and OHSAS 18001/2007. BP employs a staff of 120 in a diverse and inclusive environment, where all people have the same opportunity to make a contribution and use innovative ideas to support and develop their work. BP Oil Hellenic head office is located in Athens while there is also an office strategically located in Piraeus port to service marine customers’ needs. All offices have extensive recycling programs in place, alongside procedures to reduce energy consumption for the company’s own operations. Such programs and procedures support both the local communities and the society as a whole. They aim to make a difference with both business-related and educational projects, including road safety initiatives for children and various educational and cultural programs for schools.

PROFIT BEFORE TAXES 9,853,325.00 €

Contact Details Kifissias Avenue 26 & Paradisou St. 2, 151 25 Marousi, Attica, Greece Tel.: +30 2106887777 Fax: +30 2106887697 E-mail: Website:

230 Diamonds

BP OIL HELLENIC SA 2013 2014 Turnover 260,489,005.00 € 270,954,051.00 € Profit Before Taxes 3,310,646.00 € 9,853,325.00 € Gross Profit 20,253,032.00 € 21,684,127.00 € Net worth 54,126,997.00 € 32,048,768.00 € Liabilities 28,587,560.00 € 31,433,406.00 €

Change (%) 4.02 197.63 7.07 -40.79 9.95


ROPES Industrial


Supplying the shipping sector for almost 50 years


D. Koronakis SA is the leading company in the manufacturing of ropes and wire ropes in Europe and one of the largest companies worldwide. The firm was established in 1967 by Eleni and Dimitri Koronakis, who are still actively involved in the enterprise’s management. D. Koronakis is 100% Greekowned and privately held by its Greek managers and directors. It is a 100% debt-free company with a strong financial standing and large capital liquidity. The company offers 24-hour service, 365 days per year, on all continents. Its product range includes ropes, wire ropes, mooring ropes, combination ropes, and yachting ropes, all produced in Greece and recognized worldwide for their top quality and technical performance. In addition to the products developed locally, the company maintains a large stock of anchors, anchor chains, rigging gear, fiber slings and various other accessories that meet client needs. Above all, D. Koronakis has focused on customer satisfaction, providing not just products but client service as well. In order to be able to respond immediately to client needs, the company has worked with them to develop technologically advanced products after having spent large amounts of time and resources in Research and Development. The company’s manufacturing quality was quickly recognized, including by Lloyd’s. In order to enhance its quality control processes, the company has installed an electronic testing bench of 500T capacity and 40m length. The company has grown along with the needs of its clients. For this purpose, D. Koronakis has focused on building a strong network of international stock centers (depots) in key locations around the globe. In order to provide swift delivery of goods, the company has expanded its depot network to cover all continents. Locations include Livorno, Hamburg, Rotterdam, Antwerp, Tarragona, Algeciras, Barcelona, Shanghai, Singapore, Dubai, Fujairah, New York, Los Angeles, Houston, New Orleans, Dominican Republic, Panama, Cape Town and Durban.

35,289,835.00 €

PROFIT BEFORE TAXES 9,533,184.00 €

Contact Details 56 Gravias St, 185 45, Piraeus, Attica, Greece Tel: +30 210 4060600 Fax: +30 210 4615211 E-mail: Website:

D. KORONAKIS SA 2013 2014 Turnover 31,580,986.00 € 35,289,835.00 € Profit Before Taxes 8,760,874.00 € 9,533,184.00 € Gross Profit 10,905,609.00 € 11,473,075.00 € Net worth 46,057,762.00 € 45,828,724.00 € Liabilities 10,828,415.00 € 5,496,500.00 €

Change (%) 11.7 8.8 5.20 -0.5 -49.24

Diamonds 231



Turnover 26,426,625.00 €

PROFIT BEFORE TAXES 9,488,553.00 €

Among the sector’s most profitable firms Mediprime SA is the key part of a group of companies operating in Greece’s health sector over the last 30 years. The group includes the MESOGEIOS Dialysis Centres, the MEDICAL WASTE (clinical waste sterilization) and the Therapeutic Centre LEFKOS STAVROS ATHINON. The company is active in the general field of medical devices and pharmaceuticals with a specialization in renal medicine. It is the sole agent in Greece of Germany’s Fresenius Medical Care (FME), the leading global company in nephrology products for dialysis and peritoneal dialysis treatments, using the most advanced technologies and top quality materials. The firm also acts as a general coordinator in establishing dialysis centers, both by providing devices and materials and contributing to building, and commissioning and running (including technical and regulatory affairs). Mediprime‘s pharmaceutical portfolio includes the co-promotion of EPREX® (Nephrology) for Janssen-Cilag and the exclusive promotion of OsvaRen® and Phosphosorb® for Fresenius Medical Care - Renal Pharma.  In 2014, the company’s sales inched down 0.72% to 26.43 million euros against 26,62 million euros a year earlier. However, pre-tax income rose to 9.49 million euros compared to 8.17 million euros in 2013.

136 Dionyssou St., 151 24, Marousi, Attica, Greece Tel.: +30 210 2837640 Fax: +30 210 2837650 E-mail: Website:

MEDIPRIME SA 2013 Turnover 26,617,041.00 € Profit Before Taxes 8,170,354.00 € Gross Profit 14,187,322.00 € Net worth 14,803,495.00 € Liabilities 31,757,514.00 €



Contact Details

Commercial Apostolos Vakakis

Turnover 454.276.468

Turnover PROFIT BEFORE TAXES 77,252,000.00 € 96.956.097

2014 26,426,625.00 € 9,488,553.00 € 15,269,059.00 € 19,320,102.00 € 25,301,623.00 €

Change (%) -0.72 16.13 7.62 30.51 -20.33

One of the first IT companies to be launched in Greece IBM has been present in Greece for decades. Its activity covers the hardware, software, networks, and the Integrated Information Technology Services areas. IBM’s business activities focus on the creation, growth and development of the era’s most advanced Information Technologies and transformation of these technologies into real business value. Spyros Poulidis is President and CEO of IBM for Greece and Cyprus. Previously, he held the position of Director of IBM Services Division for Greece and Cyprus. In 2014, the firm reported a drop in sales to 77.25 million euros, down 10.17% year-on-year. However, pre-tax income rose to 9.28 million euros, up 5.41% year-on-year.

PROFIT BEFORE TAXES 9,282,000.00 €

Contact Contact Details Details

284 Kifissias Ave., 152 32 Halandri, Attica, Greece Tel.: +30 210 6881111 Fax: +30 210 6801300 E-mail: Website:

232 Diamonds

IBM HELLAS SA 2013 Turnover 85,995,000.00 € Profit Before Taxes 8,806,000.00 € Gross Profit 19,518,000.00 € Net worth 20,729,000.00 € Liabilities 60,727,000.00 €

2014 77,252,000.00 € 9,282,000.00 € 19,385,000.00 € 11,008,000.00 € 56,190,000.00 €

Change (%) -10.17 5.41 -0.68 -46.90 -7.47


Energy Commercial


Generating an output of over 150 MW The management of Renewable Energy Sources (RES) has been undertaken by PPC Renewables S.A., a wholly-owned subsidiary of Greece’s state-run Public Power Corporation (PPC), with the objective of achieving the greatest possible development in the RES sector. The company aims to achieve a leading position in the domestic RES sector and is currently equipped with 144.7 MW of installed capacity in wind farms and small hydroelectric and photovoltaic plants, 331.22 MW of projects at different stages of development, as well as a number of significant future projects in the pipeline. Staffed with highly-trained professionals, the company invests in the power of nature and collaborates with the largest manufacturers in the sector to utilize all available business opportunities. It seeks, develops and implements innovation, thus promoting cutting-edge technology and offering business solutions. PPC Renewables operates 21 wind farms, 16 small-scale hydroelectric and 7 photovoltaic for a total installed capacity of 147.7 MW, securing a significant RES sector presence. The company’s business plan is aiming for significant increases in installed capacity, as well as market share, over the next five years. PPC Renewables is currently constructing wind-energy facilities with an 81.07 MW capacity, small-scale hydropower stations with a capacity of 65.35 ΜW, photovoltaic parks with a capacity of 1.33 MW, as well as other projects totaling 65 MW. The company is active in wind energy, hydropower production, solar power production, geothermal power, or heat emitted by the Earth’s core, and hybrid systems, combining various renewable sources.

Turnover 24,981,327.00 €

PROFIT BEFORE TAXES 9,425,556.00 €

Contact Details 3 Kapodistriou St., 153 43, Agia Paraskevi, Attica, Greece Tel.: +30 211 2118000 Fax: +30 211 2118089 E-mail: Website:

PPC RENEWABLES S.A. 2013 2014 Turnover 28.367.559,00 € 24.981.327,00 € Profit Before Taxes 8.639.336,00 € 9.425.556,00 € Gross Profit 8.511.777,00 € 7.151.771,00 € Net worth 163.366.004,00 € 209.706.226,00 € Liabilities 50.789.957,00 € 63.434.742,00 €

Change (%) -11,9 9,1 -16,0 28,4 24,9

Diamonds 233




Welcome to a world of white… welcome to Kiriakidis marbles

Turnover 41,776,312.00 €

PROFIT BEFORE TAXES 9,119,558.00 €

FHL I. KIRIAKIDIS Marbles & Granites SA is active since 1991 in quarrying, elaborating and trading of marbles and granites. The company’s worldwide reputation in the natural stone sector has been gained mainly through its dominance in the white marble field. Owning several quarries in Greece, where the all-white marbles THASSOS SNOW WHITE, PRINOS, VOLAKAS, BIANCO VENUS, BIANCO M & BIANCO VENATINO are excavated, as well as being the biggest distributor of SIVEC® all-white marble, allows the firm to deliver huge quantities of white marble to cover the needs of all types of high-scale projects. On-going investment in challenging innovations, such as excavation methods (like tunnel excavation), unique machinery equipment for cutting, carving and shaping of marble blocks and green technology, together with its specialized workforce, gives the company the capability to take over huge and challenging projects all over the world and to bring them to success! KIRIAKIDIS GROUP consists of numerous quarries, the headquarters within the marble processing plant, a dry mortar and adhesive production plant named MARMODOM, as well as a logistic company named AETOS, which are all located near Drama, Northern Greece, and ensure that the workflow can’t be interrupted by external factors. Another subsidiary belonging to the group is the marble trading company MARMI BIANCHI, which is located in Marina di Carrara, Italy. Few companies worldwide have the experience, know-how and the capacity to undertake huge projects and deliver them successfully on time. FHL I. KIRIAKIDIS GROUP has proved many times in the past that it is one of them, by delivering prestigious high-scale projects with white marbles, either artificially elaborated or in cut-to-size and tile-sized shapes in strict delivery schedules. The entirely white marble which covers the Grand Mosque of Abu Dhabi, the National Parliament and Conference Hall in Tashkent, Uzbekistan and the pilgrim of Mecca and Medina in Saudi Arabia, can surely prove this! In 2015, the parent company FHL I. KYRIAKIDIS MARBLES-GRANITES SA and the Group reported sales of 42.13 million euros and 45.19 million euros, respectively. Significantly, both the parent company and the group’s net bank borrowing dropped by a combined 4.7 million euros in 2015. Pre-tax earnings of the parent slightly rose to 10.15 million euros, against 9.86 million euros a year earlier. Consolidated earnings inched up to 11.15 million euros compared to 11.09 million euros in 2014.

Contact Details Prosotsani Industrial Park, 66200, Drama, Greece Tel.: +30 25220 235145 Fax: +30 25220 23490 E-mail: Website:

234 Diamonds

FHL I. KIRIAKIDIS SA 2013 Turnover 38,762,902.00 € Profit Before Taxes 13,127,767.00 € Gross Profit 18,256,565.00 € Net worth 43,905,071.00 € Liabilities 22,864,252.00 €

2014 41,776,312.00 € 9,119,558.00 € 23,111,425.00 € 45,593,989.00 € 28,683,720.00 €

Change (%) 7.8 -30.5 26.6 3.8 25.5


PORT Commercial


Operating Greece’s largest port

Ioannis Kouvaris, President & CEO

Turnover 104,320,264.00 €

PROFIT BEFORE TAXES 8,891,465.00 €

Contact Details St., 18538 Piraeus, Attica, Greece Tel.: +30 210 4550000 FAX: +30 210 4550310 Email: Website:

Piraeus is the largest port in Europe and one of the largest in the world, with regard to passenger traffic. It is the main link between mainland Greece and the Aegean islands and Crete, while also being the main sea gate of the European Union at its southeastern border. The boundaries of the Main Port are the piers of Themistocles and Krakari. The Passenger Port is divided into areas that serve coasting and cruising. The Container Terminal PPA’s Container Terminal began its operation in June 2010. With a projected annual capacity of 1.0 million TEUs, it constitutes the main pier for PPA’s freight activities. The facility boasts latest technology machinery, comprising of eight cranes (four SPP) and eight RMGs. It has two platforms: the East one of a length of 500m and a depth of 18m, and the West one of 320m in length and 12m in depth. In 2015, approx. 300,000 containers were transited, down 51% compared to 600,000 containers in 2014. Car Terminal The increasing demand for transit vehicles in the Eastern Mediterranean, Black Sea and North Africa places Piraeus is seen a driving force for growth. The list of port customers now includes most of the major manufacturers in the car industry. The completion of the new port-side railway station, as well as its connection with the G2 car terminal in July 2013 and future expansions of the Car Terminal – as part of PPS’s five-year investment plan – combined with the use of information at all stages with the implementation of an integrated management system, ensure that the port of Piraeus can be a central transshipment gateway for the Mediterranean region. In 2015, the car terminal received about 340,000 cars, down 5% compared to 360,000 cars a year earlier. Conventional Cargo Handling and storage of general cargo is primarily done through the facilities of PPA in the Schisto site. Loading and unloading of general cargo is done by cranes, forklifts and tractors of various types. The Schisto facilities also offer special warehouses for general cargo storage. In 2015 passenger traffic in the Piraeus port amounted to some 8.4 million of domestic passengers (ferry and Argosaronic Islands) and another 1.6 million cruise passengers, while the number of ships totalled 14,500 passenger boats and 2878 cargo vessels. In 2015, the number of employees stood at 1134 people. In 2015, PPA reported a drop in revenue to 75.42 million euros against 79.98 million euros a year earlier. However, earnings before tax rose to 15.31 million euros compared to 10.39 million euros in 2014. PIRAEUS PORT AUTHORITY SA 2013 2014 Turnover 108,630,469.00 € 104,320,264.00 € Profit Before Taxes 11,824,617.00 € 8,891,465.00 € Gross Profit 22,224,256.00 € 22,958,411.00 € Net worth 166,014,420.00 € 168,585,628.00 € Liabilities 220,504,746.00 € 215,701,810.00 €

Change (%) -4.0 -24.8 3.3 1.5 -2.2

Diamonds 235



Turnover 96,122,482.00 €

PROFIT BEFORE TAXES 8,806,794.00 €

Active in the fertilizer market for 110 years Yara’s fertilizers, crop nutrition programs and technologies increase yields, improve product quality and reduce the environmental impact of agricultural practices. Industrial and environmental solutions improve air quality by reducing emissions from industry and transportation, and serve as key ingredient in the production of a wide range of goods. Throughout the organization, a culture that promotes the safety of employees, contractors and society is fostered. Today, Yara has a worldwide presence, with more than 12,000 employees and sales to over 150 countries. Yara converts energy, natural minerals and nitrogen from the air into essential products for farmers and industrial customers. The main application is fertilizers, while industrial uses and environmental solutions are also important growth segments. Yara’s global activities range from phosphate mining and ammonia production, commodity trade and energy arbitrage. In recent years, new potential has developed in regions with low-cost gas supplies. Yara ensures reliable supplies of mineral fertilizer and related industrial products to customers worldwide. The company benefits from its economies of scale as the world’s largest producer of ammonia, nitrate and complex fertilizer, and with about 20% of global ammonia trade.

143 Syngrou Avenue, 171 21 Nea Smyrni, Attica, Greece Tel.: +30 21 0937 0355 Fax: +30 21 0937 0357 E-mail: Website:

YARA HELLAS SA 2013 Turnover 107,186,666.00 € Profit Before Taxes 5,922,928.00 € Gross Profit 11,159,157.00 € Net worth 21,400,418.00 € Liabilities 7,512,454.00 €



Contact Details


Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 233,320,064.00 €

PROFIT BEFORE TAXES 8,434,441.00 €

Contact Details 46-48, Voukourestiou St., 106 73 Athens, Greece Tel.: +30 210 3664 200 Fax: +30 210 3644 765 E-mail: Website:

236 Diamonds

2014 96,122,482.00 € 8,806,794.00 € 13,007,782.00 € 27,762,113.00 € 11,690,673.00 €

Change (%) -10.32 48.69 16.57 29.73 55.62

One of Greece’s biggest food producers Soya Hellas was founded in 1976 in Athens, Greece. Since then, the company has enjoyed continuous growth and today stands as a leading Greek industrial and trading company in the food and agricultural sectors. Its constantly upgraded industrial complex in Psachna, Evia, engages in the processing of oilseeds, refining and bottling of seed oils and olive oil, production and packaging of margarines and vegetable fats, as well as handling, storage and trading of grains. The plant’s port facilities offer competitive advantages of lower transport and handling costs. The company’s The Psachna facilities are certified according to the following standards: BRC – Global Standard for Food Safety, ISO 22000 (HACCP), ISO 9001 and ISO 14001, and operate under vertically integrated production processes, which include: oilseeds extraction plant: production of soybean meal, sunflower meal and the respective crude soybean oil and sunflower oil, refineries for seed oils, tropical oils, lauric oils, olive oil and olive pomace oil. The factory’s port installations can accommodate vessels up to Panamax size and are equipped with state of the art pneumatic and mechanical equipment for loading and unloading of oilseeds, grains, soybean meal and oils. SOYA HELLAS SA 2013 2014 Turnover 304,918,306.00 € 233,320,064.00 € Profit Before Taxes 13,327,239.00 € 8,434,441.00 € Gross Profit 25,749,481.00 € 17,580,425.00 € Net worth 63,134,819.00 € 58,097,247.00 € Liabilities 62,126,737.00 € 46,368,216.00 €

Change (%) -23.48 -36.71 -31.73 -7.98 -25.37




Winning over European Consumers

Michalis Arabatzis, President & Managing Director

Turnover 58,103,150.00 €

Food industry Hellenic Dough (Elliniki Zymi) - Arabatzis engages in the frozen dough products sector, covering the Ho.Re.Ca and retail markets. The company is based at a production plant in Thessaloniki’s Industrial Park, on a privately-owned plot of land measuring 30.850 ​​ sqm. It is supported by an extensive network that is maintained by a company-owned delivery van fleet, three branches in Athens, Patra and Ioannina, as well as partners throughout Greece. Hellenic Dough - Arabatzis is among Greece and Europe’s most modern food industries. Since its foundation, the company has striven to produce high quality products. Quality assurance is linked to the procurement of high-grade raw materials, application of total quality control, safety and hygiene. The quality standards BS EN ISO 9001:2000, BS EN ISO 22000:2005 and IFS International Food Standard Issue 5: August 2007 (Higher Level) are applied throughout the entire production process. During 2005-2013 the company invested € 16 million in machinery and new buildings. Domestic sales account for 86% of production, while sales abroad account for 14%. The company primarily exports to Germany and Cyprus, while, in more recent years, it has also begun exporting to other European countries, such as Turkey, Romania, Sweden and the UK. In 2015, Arabatzis Michail SA ‘Hellenic Dough’ was awarded in 3 products for it’s superior quality at the International Taste & Quality Institute. The International Taste & Quality Institute - iTQi - based in Brussels, is the world leading organization dedicated to testing and promoting superior food and drink, an independent, international organization that showcases and promote top flavor food from around the world. HELLENIC DOUGH - ARABATZIS MICHAIL.S.A was awarded for superior quality, in 3 different products: Bougatsa with Cream, Mini triangles with spinach and feta cheese and Mini Crunchies wholewheat with feta cheese, sundried tomato and olives. Proving in practice its social responsibility, Elliniki Zymi in 2015 joined forces with another four food companies to offer free brunch to 11,000 pupils in schools around the country, delivering in total as many as 550,000 servings.

PROFIT BEFORE TAXES 8,512,222.00 €

Contact Details Thessaloniki Industrial Park (1st Road), 570 22, Sindos, Thessaloniki, Greece Τel: +30 2310 723440 Fax: +30 2310 795351 E- mail: Website:

MICHAIL ARABATZIS S.A. ‘HELLENIC DOUGH’ 2013 2014 Turnover 55,875,000.00 € 58,103,150.00 € Profit Before Taxes 6,889,000.00 € 8,512,222.00 € Gross Profit 13,905,000.00 € 15,362,814.00 € Net worth 33,863,000.00 € 34,945,024.00 € Liabilities 19,125,000.00 € 19,423,554.00 €

Change (%) 4.0 23.6 10.5 3.2 1.6

Diamonds 237




Stergios Tsagkoulis, Chairman & CEO

Stergios Tsagkoulis, Chairman & CEO

Turnover 77.556.168


Contact Details 8th km Larissa-Sikouri highway, Larissa, 41110 (PO BOX 1127), Greece Tel: 0030-2410-575092,93 Fax: 0030-2410-575091, 575503 Email:, Website:

238 Diamonds

The Greek financial crisis didn’t prevent INTERCOMM FOODS SA to double its turnover, profits and continue its presence to 58 export destinations wordwide INTERCOMM FOODS S.A., founded in 1990, is located in Larissa, in central Greece and is one of the leading Greek export companies (turnover in 2014 reached 78,6 million Euro 8,7 million Euro profits with taxes) and in 2015 the turnover increased to 85 million Euro. The company has strong experience in PRIVATE LABEL products, and, at the same time, has developed its main brand DELPHI. The company’s headquarters, warehouse and main production facilities cover an area of approximately 160.000m2. There are two factories Olive factory and the Fruit factory in Larisa Olive factory in Kompoti Artas In 1999, the company carried out a large investment in the field of olives, with modern installations and state-of-the-art equipment. Through this investment, it succeeded in becoming the leader and biggest olive processing company in Greece, with the highest standards, subsequently gaining ever-increasing recognition in the international olive market. Intercomm Foods SA is also a leader in ASEPTIC fruit supplying peach and apricot to top factories (jam producers, fruit preparations, juice factories, yogurt factories etc) all over the world and satisfying the highest quality standards and requirements. The main product categories are: F Olives, pastes & antipasti F aseptic peach & apricot fruit F peaches and apricot in cans & jars F apricot and peach compote in cans and jars F jams - syrups Intercom Foods SA is a family-run business that began operating with high ambitions. These days, the firm does business not only in Western Europe but round the world. The biggest retail groups, such as Carrefour, Casino, Walmart, Kaufland, Aldi, Lidl, Tesco, Sandhurst, Metro, Norma, Edeka etc providing private label products.


The firm also enjoys a strong market presence with its brand-name products in the Balkans, Scandinavia and eastern Europe. Marketing its products under the Delphi brand name, the firm exports to the Former Yugoslav Republic of Macedonia (FYROM), Bulgaria, Romania, Ukraine and Scandinavian countries. Though the firm’s entry and survival in the Russian market proved difficult in the mid-1990s, it has managed to bolster its standing through a company of its own, which, besides marketing its own products, such as olives and compote, also offers other products, including olive oil, pastas, traditional Greek delicatessen and cheese products. Intercomm Foods SA exports 98% of its products to 58 countries and to more than 400 clients worldwide. Export destinations: EC, Russia, Ukraine, Switzerland, USA, Canada, Australia, New Zealand, Iran, Mexico, Russia, China, Japan, South Africa, Mexico, Brazil, Middle East countries etc. It is certified and operates according to ISO9001:2008, ISO22000:2005, BRC, IFS quality standards. This year is performed at its premises in Larisa an investment amounted 9 million EURO. Awards for Intercomm’s export presence worldwide by F EBEA – Greek Chamber of Commerce in Athens F Active Greece – Stat Bank F Silver top exports company 2015 - Greek exporters According to financial sources : (1). Infobank Hellas. Intercomm Foods SA was among the 15 Greek fast growing-moving companies 2009-2013. (2). Fortune. Intercomm Foods SA was the 6th more dynamic company among the 30th fast growing Greek companies during 2015. INTERCOMM FOODS SA 2013 2014 Turnover 72.277.096,00 € 77.556.168,00 € Profit Before Taxes 6.362.877,00 € 8.665.220,00 € Gross Profit 15.102.260,00 € 16.860.589,00 € Net worth 20.230.081,00 € 23.827.610,00 € Liabilities 40.481.503,00 € 44.601.189,00 €

Change (%) 7,3 36,2 11,6 17,8 10,2

Diamonds 239


PACKAGING Industrial


A global force in netting solutions

Turnover 60,973,000.00 €

PROFIT BEFORE TAXES 8,416,000.00 €

The KARATZIS Group has been active in the manufacturing of netting materials for more than three decades. Starting with a small plant in Crete, KARATZIS has evolved into an international leader with an active commercial presence in more than 50 countries and state-of-the-art production facilities in Greece and Germany. The Group’s wide product range comprises of netting solutions that serve the needs of agriculture, horticulture, packaging, meat & ham processing, construction and decoration. With a total production capacity that exceeds 29,000 tons, the Group’s factories manufacture a variety of products, from bale net-wrap, silage net and polyethylene bags, to shading nets, road fences and Christmas tree netting. The key competitive advantage of the Group lies in the innovative character of its products, which are characterized not only by top quality standards but also a high added value that makes them irreplaceable for final users. At the same time, the key pillar of KARATZIS’ successful business operations lies in the solid production base with a total factory space that exceeds 45,000 square meters. The Industrial complexes of Karatzis are located in: three factories in Heraklion, one in Larissa and one in Melidochori. Since 2000, the company also owns a factory in Germany. The group also trades in the commercial sector. Karatzis owns two companies, one in Spain and one in the UK. Specifically, Croppy Solutions is a company dedicated exclusively to Agricultural Packaging. Also, Zeus Packaging Agri Ltd. is a commercial company active in the promotion of Agricultural Packaging in the United Kingdom. The company distributes mainly agricultural packing solutions made available by KARATZIS, as well as other agriculture and packaging products in the UK market. Its headquarters are located in Hertfordshire, UK. Karatzis group also owns facilities and investments in energy sector in four different regions. Also, in the hotel and tourism sector, Karatzis owns the Nana beach resort in Chersonissos and Stella Polaris, a 3-hectare plot of land by the sea in the area of Ierapetra, Crete. In 2015, the company reported a rise in sales to 62.10 million euros against 60.97 million euros a year earlier. Pre-tax income rose to 9.08 million euros compared to 8.41 million euros in 2014. At group level, sales in 2015 inched up to 72.33 million euros, an increase of 1.3% year-onyear. Consolidated earnings before tax rose to 9.9 million euros compared to 8.9 million euros a year earlier. Industrial activities accounted for the largest part of group and company revenues, followed by the hotel segment and power generation.

Contact Details “A” Street - Heraklion Industrial Area, 716 01, Heraklion, Crete, Greece Tel: +30 2810 382900 Fax: +30 2810 381400 E-mail: Website:

240 Diamonds

KARATZIS S.A. 2013 Turnover 56,173,000.00 € Profit Before Taxes 7,916,000.00 € Gross Profit 14,415,000.00 € Net worth 88,036,000.00 € Liabilities 52,805,000.00 €

2014 60,973,000.00 € 8,416,000.00 € 16,465,000.00 € 93,224,000.00 € 37,120,000.00 €

Change (%) 8.5 6.3 14.2 5.9 -29.7




Exporting 90% of production to 75 countries

Elias Vasileiadis, President & CEO

Turnover 37,734,235.00 €


HB BODY SA was established in 1982 with the objective of producing and distributing high quality products for the automotive refinishing industry. The firm was founded by Ilias Vassiliadis, who remains president and managing director to date. The company is based in Thessaloniki, northern Greece on privately-owned premises. Nowadays, the firm is represented in both in Thessaloniki and Athens on 120,000sqm of land. The firm operates warehouse and production facilities covering 80,000sqm. Product research, design and development, administrative offices, training centre and the auditorium cover a further floor space of 10,000sqm. The auditorium seats 120 people with the ability for 3 language translations simultaneously. Currently, HB Body employs 250 people in Greece, a number which is increasing every year. One in five employees holds a university degree. Amongst these are chemists, mechanical engineers, economists and computer experts. The company markets the following products: Underbody - Stone Chipping Protection, Seam Sealers, Fillers, 1K-2K Primers, Clear Coats, Paints, Hardeners, Polishing Compounds, Sprays, Thinners, Ancillaries and Powder Coatings. As much as 90% of the company’s products are exported to 75 countries all over the world, while the firm still holds the leading position within the Greek market. HB Body has three subsidiaries in the United Kingdom, Bulgaria, Spain and marketing/promotion centers in Serbia and Russia. Within Greece it owns a distribution centre in Athens covering southern Greece and the islands. The company has invested more than 21 million euros over a three-year period (2006-2008). An additional 10 million euros have been invested in the last two years for a brand new plant of 3500sqm on 12,000sqm land for the production of clears, hardeners and thinners. The company is really very proud of its technologically advanced logistic warehouse of empty tins where 7,000 pallets can be stored through a computerized system, the only such warehouse in Greece and among Europe’s few. An investment of 1.5 million euros is on its way for a distribution warehouse in Bulgaria on a land plot covering 5000sqm. In 2014, the firm reported a drop in sales to 37.7 million euros compared to 40.7 million euros a year earlier. Pre-tax earnings recorded a slight increase to 8.4 million euros against 8.1 million euros in 2013.

8,405,804.00 €

Contact Details Sindos Industrial Area, 570 22, Sindos Τhessaloniki, Greece Tel.: +30 2310790000 Fax: +30 2310 790015 Website:

Turnover Profit Before Taxes Gross Profit Net worth Liabilities

HB BODY SA 2013 40,794,252.00 € 8,189,087.00 € 16,135,788.00 € 46,891,600.00 € 23,633,615.00 €

2014 37,734,235.00 € 8,405,804.00 € 15,678,922.00 € 47,202,430.00 € 12,642,763.00 €

Change (%) -7.50 2.65 -2,83 0.66 -46.51

Diamonds 241



One of Greece’s leading dairy Food Products Industrial

It all started in 1965, in the OLYMPUS facilities in Larissa, where pure milk collected from local farmers of nearby areas was the raw material for our authentic, traditional products distributed mostly in the area of Thessaly. In 2000, we decided to make the big step and offer our products all over Greece. With steady and strategic steps, throughout the years we enhanced our product portfolio, with new product categories, including fresh juices, organic, goat milk and lactose free products, allowing us, to increase our market share and become one the most significant dairy industries in Greece. OLYMPUS, loyal to its values and respecting Greek nature, supports Greek farmers and Greek production, while it contributes to environmental protection and sustainable development. The selection of exceptional Greek raw materials, which is also the center of our philosophy, is the driving force for the production of pure authentic Greek dairy products. OLYMPUS was the first company to formally request the establishment of a formal process for certifying the Greek origin of the products, on the grounds that it wished to protect Greek milk production. In 2015, with the establishment of the Greek mark OLYMPUS becomes the first company to be certified with it. OLYMPUS has been also very active in the International Markets with presence in 37 countries all over the world. Specifically OLYMPUS has managed to increase its exports by 50% from 64 m € (2013) to 96 m € (2015).Major role to this increase played the establishment of sales offices in specific key countries (Italy, Germany, Sweden and UK) that allowed us to have direct access to major retailers of each country. We at OLYMPUS consider our exports a very important part of our Groups sustainability as they constitute almost 32% of our groups total turnover. Loyal to our values, we commit ourselves every day to deliver high-quality products that meet the dietary needs of our customers: healthy products, quality and above all, authentic Greek. Our commitment is that we work with constant passion and love in order to offer dairy products of exceptional quality and nutritional value in harmony with nature and in respect to the traditional Greek Mediterranean diet and culture.

Turnover 269.420.298,87 €

PROFIT BEFORE TAXES 13.021.891,40 €

Contact Details 5th km. Trikala- Pili National Highway, 42100, Trikala, Greece Tel: +30 24310 61222 E-mail:,

242 Diamonds

OLYMPOS DAIRY SA 2013 2014 Turnover 294.292.009,20 € 269.420.298,87 € Profit Before Taxes 20.411.412,38 € 13.021.891,40 € Gross Profit 87.754.587,75 € 71.821.258,17 € Net worth 135.271.400,91 € 127.180.490,33 € Liabilities 217.346.833,19 € 222.717.313,15 €

Change (%) -8,5 -36,2 -18,2 -6,0 2,5




Seven out of ten people worldwide use P&G products

Turnover 296,911,592.00 €

PROFIT BEFORE TAXES 8,084,919.00 €

P&G is one of world’s leading consumer products companies, with its products used daily by about 5 billion people out of the earth’s total population of 7 billion. Procter & Gamble has one of the largest and strongest portfolios of everyday products from a wide range of categories, including: Always, Ambi Pur, Ariel, Bounty, Charmin, Crest, Dawn, Downy, Fairy, Febreze, Gain, Gillette, Head & Shoulders, Lenor, Olay, Oral-B, Pampers, Pantene, Tide, SK-II, Vicks, Wella and Whisper. The multinational made its first steps in the Greek market in the early 1950s, with GENKA acting as its agent. The main product imported into Greece from various importers at the time was the Tide ZK handwashing detergent. In 1960, the then Constantinos Karamanlis government, in an effort to boost the country’s economic growth, invited foreign investors to set up businesses in Greece, provided they had a 50% Greek partnership. Viochrom, a company owned by Thanassis Gertsou, producing cloth coloring products and detergents, entered a 30-year contract with P&G, founding P&G Hellas. The Greek company was established in 1960 and was among the first foreign companies to operate in the country. P&G Hellas’ first offices were located in central Athens Syntagma Square, on 10 Othonos Street, while its detergent production plant and warehouse were located on Viochrom’s premises, in Agia Varvara, Egaleo. In the 1970s, as the washing machines dynamically entered Greece, the firm launched its first major detergent, Ariel. Late in the same decade, the landmark product Pampers hit the Greek market. From than point onwards, the company’s growth was a one-way road, since it managed to climb to top position in personal care products and cosmetics. Today, P&G has a significant presence in Greece and makes several investments in innovation. In particular, the company launched the Innovation Center in Maroussi, an investment valued at 3 million euros, a move that shows its determination to support the country’s economy. The Innovation Center is of the same standards of the same facilities operating in Europe, especially Germany and Britain. Such infrastructure allows P&G to support R&D programs on current market trends and developments in the external environment. Overall, the Group spends approx. 2 billion euros annually on these programs. In 2015, the company reported a drop in sales to 273.18 million euros against 296.91 million euros a year earlier. Pre-tax income plunged to 2.86 million euros compared to 8.08 million euros in 2014.

Contact Details 49 Agiou Konstantinou St., 151 24 Maroussi, Attica, Greece Tel.: 210 8764000 Fax: 210 8764100 Website:

PROCTER & GAMBLE HELLAS SOLE SHAREHOLDER CO. LTD 2013 2014 Turnover 289,864,988.00 € 296,911,592.00 € Profit Before Taxes 7,632,528.00 € 8,084,919.00 € Gross Profit 108,510,256.00 € 106,298,056.00 € Net worth 12,507,450.00 € 12,732,403.00 € Liabilities 65,929,012.00 € 81,539,680.00 €

Change (%) 2.43 5.93 -2.04 1.80 23.68

Diamonds 243




A leading force in vaccine development

Roberto Greco, General Manager

Turnover 188,159,264.00 €

Holding a leading place among pharmaceutical companies investing in research and development, GSK aims at supplying innovative prototype drugs and vaccines with added value for the patient and the health system. In Greece, GSK offers more than 50 prototype drugs for a series of diseases, such as respiratory diseases (chronic obstructive pulmonary disease (COPD), asthma, allergic rhinitis), HIV/AIDS, rare diseases, benign prostatic hyperplasia, epilepsy, migraine, Parkinson’s disease, depression, skin diseases, infections of various systems and flu. In 2014, GSK launched a new treatment for systemic lupus erythematosus (SLE), severe chronic hand eczema, melanoma and AIDS. GSK is also a leader in vaccine development. In Greece, the firm offers vaccines for the prevention of all diseases which are described in the National Immunization Program for children and adolescents. Its vaccine portfolio was further enhanced in 2015 with the addition of Novartis vaccines (excluding flu vaccines), as part of a tripartite agreement between the two companies, which included the sale of GSK’s oncology portfolio to Novartis and acquisition of Novartis’ vaccine portfolio by GSK. The company continues to evolve its business model for efficiency through innovation and expanded patient access to appropriate treatments. In 2014, GSK reported a 3.3-pct drop in sales to 188.1 million euros against 194.5 million euros a year earlier. Earnings before tax shrank to 8.0 million euros compares to 21.3 million euros in 2013. Overall, the Group in 2014 reported sales of 23 billion pounds. It employed about 98,000 employees worldwide, with the majority being employed in Europe. The main source of the drug company’s revenues were pharmaceutical preparations, accounting for 67.3% of sales, followed by consumer health products (18.8%) and vaccines (13.9%). The firm’s total investment in R&D amounted to 3.1 billion pounds, employing approximately 13,000 researchers. In 2015, the group reported a rise in sales to 23.9 billion pounds. Pharmaceutical preparations accounted for 60% of sales, generating 14.2 billion pounds, followed by consumer products (25% - 6.0 billion pounds) and vaccines (15% 3.7 billion pounds).

PROFIT BEFORE TAXES 8,076,210.00 €

Contact Details 266 Kifissias, 152 32, Chalandri, Attica, Greece Tel.: +30 210 6882100 Fax: +30 210 6847144 E-mail: Website:

244 Diamonds

GLAXOSMITHKLINE SA 2013 2014 Turnover 194.599.231,00 € 188.159.264,00 € Profit Before Taxes 21.232.151,00 € 8.076.210,00 € Gross Profit 75.937.005,00 € 77.428.304,00 € Net worth 73.774.653,00 € 43.202.909,00 € Liabilities 96.203.708,00 € 83.650.232,00 €

Change (%) -3,3 -62,0 -1,96 -41,4 -13,0



Turnover 47,966,913.00 €

PROFIT BEFORE TAXES 7,996,873.00 €

Contact Details Argoliko-Nafplio, 21100, Nafplio, Greece Tel.: +30 27520 36400 Fax: +30 2520 36348 E-mail: Website:

Armed with exports Balakanakis Bros – Olympic Fruit SA is the Greek canned fruit sector’s largest firm, in terms of sales and profit figures. Following several years operating in the local fruit and vegetable market, the company’s founder, Thanassis Balakanakis, began supplying European consumers with Greek fresh fruits, such as citrus, grapes and apricots, in 1976. Freshness, taste, and nutrition were, and remain, the main company concerns with regard to its exports. This is achieved by selecting the best produce Greece has to offer. Balakanakis Bros markets: oranges, mandarins, apricots, grapes, kiwis, cherries, plums, peaches, nectarines and asparagus. The company is based in Nafplio, Peloponnese, south of the Greek mainland, where a fully equipped packing facility prepares products cultivated in southern Greece for exportation. The constant increase in product demand has prompted the firm to also export new products, such as stone-fruits, asparagus and kiwis. In order to cover market demand, an ultra-modern packing facility was built in Pella, Macedonia, northern Greece, where the region’s fruits and vegetables are packaged and exported. In 2014, the firm reported a slight drop in sales to 47.96 million euros compared to 49.42 million euros a year earlier. However, pre-tax profits rose to 7.99 million euros against 6.79 million euros in 2013. The fruit company posted gross profit of 15.38 million euros, EBITDA at 8.36 million euros and EBIT at 7.75 million euro. At yearend owner’s equity amounted to 25.76 million euro, or 79.8% of total capital employed of 32.27 million euros. BALAKANAKIS BROS SA 2013 2014 Turnover 49,420,092.00 € 47,966,913.00 € Profit Before Taxes 6,790,587.00 € 7,996,873.00 € Gross Profit 14,418,761.00 € 15,379,673.00 € Net worth 19,843,333.00 € 25,756,483.00 € Liabilities 5,602,506.00 € 6,516,626.00 €

Change (%) -2.9 17.8 6.7 29.8 16.3


Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 18.327.890,00 €

PROFIT BEFORE TAXES 7.905.619,00 €

Contact Details

6th km Thessaloniki–Thermis Highway, 57001, Thessaloniki, Greece Tel.: +30 2310 475914-9 Fax: +30 2310 471264 Website:

Undertaking construction projects of all types Based in Thessaloniki, ETETH SA was established in 1961 and, since 2001, has belonged to the J&P AVAX group. It holds a 6th class degree for general government projects, covering an entire range of works in terms of category, nature and type. For five decades, ETETH has built a number of major projects, both in the public and private sectors. It has worked in an innovative fashion, developing self-funded projects for the Greek state since the early 1970s, while also playing a pioneering role in the construction of sewage treatment plants from the mid-80s onwards. The company undrtakes to project construction in the following sectors: infrastructure, buildings, hospitals, hydraulic, energy, railways and Olympic. Applying a unique IT system throughout the production process, the company is able to monitor and execute contracts with exemplary quality and speed. In 1968, the company established a subsidiary, ELVIEX, operating a privately-owned timber impregnation plant for the needs of the main power utility PPC, telephone company OTE, and the railway company OSE. Respecting people and the environment has been a fundamental principle for ETETH. It was certified by TÜV HELLAS with an ISO 9002 quality standard. In 2014, the firm reported a jump in sales by an impressive 118.21%, to 18.33 million euros against 8.40 million euros a year earlier. Pre-tax income rose to 7.91 million euros, while bank borrowing dropped by 2.25 million euros, showing a balance of 2.1 million euros. ETETH SA 2013 Turnover 8,399,679.00 € Profit Before Taxes 3,097,884.00 € Gross Profit -2,712,197.00 € Net worth 86,711,054.00 € Liabilities 40,686,556.00 €

2014 18,327,890.00 € 7,905,619.00 € 438,962.00 € 90,556,902.00 € 46,322,649.00 €

Change (%) 118.2 155.2 116.2 4.4 13.9

Diamonds 245




Reporting high profitability for the second year in a row

Turnover 32,955,716.00 €

PROFIT BEFORE TAXES 7,981,460.00 €

Established in 1967, Genepharm S.A. is a pharmaceutical company dedicated to the development, manufacturing, promotion and distribution of a wide range of generic pharmaceuticals. While focusing mainly on the Greek market, Genepharm has now expanded and its products are sold in Europe, Middle East, Africa, Asia and Central and South America. Genepharm’s first production unit was inaugurated in 1974, while the company began expanding to international markets in the mid-1980s. In 1992, the firm was certified as a supplier of UNICEF. In addition, Genepharm in 2005 was accepted as a supplier by the Health Authorities of Australia, in 2010 by the Gulf Cooperation Council (GCC) and in 2011 by the Health Ministry of Turkey. In 2006, Genepharm founded two new oncological facilities. In Greece, the company produces and promotes its own patented generic drugs, covering 8,300 doctors in various therapeutic areas, including cardiology, dermatology, gastroenterology, gynecology, neurology, oncology, pathology, pulmonology, urology and orthopedics. Its ultra-modern production facilities, covering a floor space of 12,000 sq.m., are located in Pallini, Attica. In 2001, Genepharm completed a large-scale upgrade and expansion of facilities in accordance with the EU’s Good Manufacturing Practices (GMP). In 2008, a new expansion of facilities was carried out with the creation of two new production units for oncology products (solids and indictables). Between 2000 and 2012, Genepharm’s investments in production facilities and development of new products totaled 53 million euros. The firm’s constantly increasing export activity spans over 58 countries, currently accounting for more than 75% of total turnover. Genepharm produces 347 different product codes and its total production capacity in each product category for conventional drugs is 780 million tablets, 260 million capsules, 7.5 million vials and 3.7 million nasal solutions. With regard to oncology drugs, production reaches 230 million tablets, 75 million capsules and 5 million vials (injections). In 2014, Genepharm recorded a drop by 7.5% in total sales, but pre-tax earnings jumped an impressive 167%. Turnover fell to 32.95 million euros compared to 35.61 million euros 2013, while profit before taxes rose to 7.98 million euros against 2.98 million euros a year earlier.

Contact Details Marathon Ave (18th km), 153 51 Pallini, Attica, Greece Tel.: +30 210 6039390 Fax: +30 210 6039414 E-mail: Website:

246 Diamonds

GENEPHARM SA 2013 Turnover 35,618,189.00 € Profit Before Taxes 2,988,050.00 € Gross Profit 14,074,614.00 € Net worth 7,894,295.00 € Liabilities 42,877,030.00 €

2014 32,955,716.00 € 7,981,460.00 € 11,411,614.00 € 16,624,059.00 € 31,745,936.00 €

Change (%) -7.48 167.11 -18.92 110.58 -25.96




One of the oldest companies in the field of computers

Turnover 46,315,641.00 €

The story of one of the most famous companies worldwide began in distant 1938. It was then when Bill Hewlett and Dave Packard started HP through a rented garage. The company in the same year of establishment launched its first product, the resistance-capacitance audio oscillator, used to test sound equipment. They named it the HP Model 200A. HP became a corporate enterprise in 1947, with Dave Packard as president and Bill Hewlett as vice president. Over the years, the company grew continuously, launching new products such as HP-65 (in 1974), which was the world’s first programmable pocket calculator. HP produced the laser interferometer, capable of taking infinitesimal measurements, until 1980, when the company introduced its first personal computer, the HP-85. The unit had input/output modules that allowed it to control instruments, add on more powerful peripherals and even to talk to other computers. A series of new innovative products followed, such as the HP-75C, the first hand-held computer. HP delivered its first laptop, the HP-110, in 1984. The company ranks as a leading force in its field. HP markets products for home use and for enterprises. Moreover, regarding the home products, its product mix includes: Laptops, tablets, Desktops, Monitors, Printers (including inks, toners & paper), general accessories and services &apps. For enterprises it offers: Computers, Networking (Data centers, wireless networking, Campus Networking, etc.), Printers, Servers, Software (such as Hybrid cloud management, Information Governance, Information Management and IT service management, etc.) and storage (Backup, recovery & archive, Enterprise application storage, Primary storage and Software-defined storage). In 2015, HP Hellas reported a rise in sales to 48.79 million euros against 46.32 million euros a year earlier. Pre-tax income jumped to 12.93 million euros compared to 7.94 million euros in 2013.

PROFIT BEFORE TAXES 7,940,956.00 €

Contact Details Contact Details 1-3 Tzavella St., 152 31 Halandri, Attica, Greece Tel.: +30 2111885000 Fax: +30 2111885377 Website:

HEWLETT PACKARD HELLAS Ltd 2013 2014 Turnover 48.290.652,00 € 46.315.641,00 € Profit Before Taxes 6.522.085,00 € 7.940.956,00 € Gross Profit 10.492.652,00 € 9.689.951,00 € Net worth 12.670.247,00 € 8.461.848,00 € Liabilities 21.684.923,00 € 31.099.037,00 €

Change (%) -4,09 21,75 -7,86 -33,21 43,41

Diamonds 247




Global Container Shipping

Christina Theodorika, President

Turnover 50,927,974.22 €

PROFIT BEFORE TAXES 7,875,703.73 €

Italian-Swiss shipping giant Mediterranean Shipping Company is a privately-owned, global enterprise operating a network of over 480 offices in 150 countries. It employs a team of over 24,000 dedicated individuals. The company has an established fleet of 465 container vessels with an intake capacity of 2.44 million TEU, based on latest figures. The global sailing schedules cover 200 routes, calling at 315 ports, allowing the company to deliver cargo almost anywhere in the world. Mediterranean Shipping Company’s sea freight offering is complemented by its integrated warehousing and haulage services, which enable the company to offer true door-to-door service. The company employs trained, experienced experts for its full range of services, including reefer, out-of-gauge, breakbulk and trade services suited to various business natures. This allows the company to maintain the personal service it is globally recognized for. The Mediterranean Shipping Company has decided to develop an information and services center for the corporate group in Greece. In doing so, the shipping giant has opted to establish its “Shared Services Documentation Center – SSDC” beyond its Swiss headquarters. Despite intense campaigning by agencies at major ports around the world, the company’s owners, the Aponte family, ended up opting for Piraeus, Greece’s largest port, as its choice of location for the new department. The shipping giant, which also maintains a strong presence in the cruise ship sector, plans to establish the center at its current company building at Piraeus port. The objective of the SSDC center will be to collect, process and distribute information and services concerning all company activities to the group’s international network of agencies. As part of the initiative’s first stage, 150 new jobs will be created by the middle of the current year, while the number is expected to rise to 250 soon afterwards. In the longer-term, the MSC center is expected to employ some 500 persons, a development, which according to the president of MSC Greece, Christina Theodorika, will require the company to relocate to a larger Piraeus base. The company’s move to establish a new center in Piraeus further bolsters the shipping cluster being developed at Piraeus port, also contributing to the effort being made to reduce the country’s alarming unemployment problem. In 2014, the firm reported a rise in sales to 50.93 million euros against 48.79 million euros a year earlier, up 4.38%. Net profit jumped 86.5% to 7.88 million euros against 4.22 million euros in 2013.

Contact Details 12 Akti Poseidonos St., 185 31 Piraeus, Attica, Greece Tel: +30 210 414 5500 Fax: +30 210 4119454 E-mail: Website:

248 Diamonds

MEDITERRANEAN SHIPPING COMPANY GREECE SA 2013 2014 Turnover 48,790,912.97 € 50,927,974.22 € Profit Before Taxes 4,223,361.11 € 7,875,703.73 € Gross Profit 13,251,645.28 € 15,174,253.70 € Net worth 880,346.44 € 892,457.13 € Liabilities 27,084,239.55 € 22,081,951.77 €

Change (%) 4.38 86.48 14.51 1.38 -18.47


FOOTBALL Commercial


An almost 90-year-old…teenager Olympiacos F.C., also known simply as Olympiacos, are a Greek professional football club, part of the major multi-sport club Olympiacos CFP, based in Piraeus. Their name was inspired from the Ancient Olympic Games and along with the club’s emblem, the laurel-crowned adolescent Olympic winner, encompass and symbolize the morality, honour, vying, splendour, sportsmanship and fair play value of the Olympic ideal of Ancient Greece. Founded on 10 March 1925, Olympiacos is the most successful club in Greek football history, having won 43 Greek League titles, 27 Greek Cups – totalling 17 doubles – and 4 Greek Super Cups, for a total of 74 national titles, all records. In 2014–15 season, Olympiacos won their fifth consecutive Greek Championship and reached a historic milestone, as they became the only football club in the world to have won a series of five or more consecutive championships for five times in their history, a world record that was praised by FIFA in its congratulatory letter to the club. In European competitions, Olympiacos are the highest ranked Greek team in the UEFA rankings, occupying the 21st place in Europe with 70.940 points, standing one place above Tottenham and one below Manchester United.

Evangelos Marinakis, President

Turnover 90,359,168.00 €

PROFIT BEFORE TAXES 7,834,139.00 €

They have a very strong record in home games, with the club’s home ground Georgios Karaiskakis Stadium being one of the most fearsome and strong home grounds in Europe. This has been proved by some long-standing unbeaten sequences, with Olympiacos staying unbeaten for 15 straight Champions League matches. In 2010, Evangelos Marinakis, a successful shipping magnate, bought the team from Sokratis Kokkalis. During the first year of his presidency, Marinakis appointed fans’ favourite Ernesto Valverde as coach (for a second tenure in the club) and signed several players with international magnitude. In the financial year 2014-15, the firm reported operating income of the 49,814,180.34 million euros (Group: 52,208,676.77 million euros), against 58,996,931.72 million euros a year earlier (Group: 60,208,579.64 million euros), a drop of 15.56% (Group: 13.29%). The drop is attributed mainly to lower sponsorship revenues as a result of the economic recession hitting Greece’s economy. Aftertax income also dropped to a loss of 2,188,215.66 million euros (Group: 2,078,428.46 million euros) against profits of 4,688,681.13 million euros (Group: 4,613,802.68 million euros) in the previous year.

Contact Details Alexandras Sq, 185 34 Piraeus, Attica, Greece Tel.: +30 210 4143000 FAX: +30 210 4143113 E-mail: Website:

F.C. OLYMPIACOS C.F.P. 2013 2014 Turnover 61,346,472.00 € 90,359,168.00 € Profit Before Taxes 68,295.00 € 7,834,139.00 € Gross Profit 15,037,148.00 € 19,845,979.00 € Net worth 3,415,854.00 € 9,790,299.00 € Liabilities 52,708,290.00 € 69,132,616.00 €

Change (%) 47.29 11371.03 31.98 186.61 31.16

Diamonds 249


Food Products Industrial


From flour and vegetable oils to biofuel

Turnover 210,275,761.00 €

Established in 1970, Soya Mills SA remains one of the biggest firms in the field of production and marketing of soya and soybean oil, with privately-owned facilities in the Corinth region, west of Athens. The firm processes and trades soybean oil and olives. To reach the market, raw oils are first processed at a modern facility operated by the firm. Soya Mills was the first company in Greece to engage in the production of soybean oil, while the firm is also active in the trade of large quantities of corn, barley, oats and wheat. Though the acquisition of an olive oil production company, renamed to Hellenic Fine Oils (HFO), Soya Mills also expanded into the specific field and is now active in the production and packaging of olive oil, with exports to China, Japan and Brazil. A highly significant development for the firm has been its acquisition of a 51% stake in biofuel producer GF Energy, a move valued at 17 million euro, partly financed by EU subsidy programs. The business, whose production is based on a fully automated and environmentally friendly facility, offers a biofuel alternative for farmers. Many Soya Mills operations are fused in the production process. The soya mill operation provides raw materials for biofuel production. This biofuel facility, whose production capacity amounts to 130,000 tons annually, began operating in 2009 and produces close to 25,000 tons annually. Soya Mills intends to expand its contract-based farming business activity into its Hellenic Fine Oils (HFO) venture, especially with producers in southern Greece. The objective, according to the managing director Mrs Marina Ofloudi-Giarvroglou, is to “achieve steady prices and quality of olive oil, so that we can export.” In 2014, the firm saw its pre-tax earnings jump to 7.8 million euros compared to 4.81 million euros a year earlier. However, turnover dropped slightly to 210.28 million euros against 212.81 million euros in 2013.

PROFIT BEFORE TAXES 7,804,450.00 €

Contact Details 1 Alamanas St., Euroco Building, 151 25 Μarousi, Attica, Greece Τel.: +30 210 6384 400 Fax: +30 210 6384 500 E-mail: Website:

250 Diamonds

Soya Mills SA 2013 Turnover 212,812,316.00 € Profit Before Taxes 4,806,699.00 € Gross Profit 12,896,249.00 € Net worth 42,617,818.00 € Liabilities 54,709,615.00 €

2014 210,275,761.00 € 7,804,450.00 € 14,910,586.00 € 42,812,093.00 € 65,048,630.00 €

Change (%) -1.19 62.37 15.62 0.46 18.90




Licensee of a global and historical brand In a deal concluded in June 2010, Motor Oil (Hellas) Corinth Refineries S.A. acquired all of Shell’s domestic activities in Greece, including gas stations, commercial and industrial fuel, asphalt, supply and distribution, LPG, chemicals and lubricants production facilities in Greece. Shell’s network of approximately 700 gas stations was also transferred to Motor Oil and continues to operate under the Shell sing and sell Shell products. Part of the specific deal was also a change in the company name from “Shell Hellas SA” to “Coral SA.” Gas stations Coral now operates a network of some 700 Shell gas stations throughout Greece, providing high quality products and services. Commercial and Industrial Fuel Coral has an extensive wholesale customer base, both in Greece and abroad, supplying technologically advanced fuels to the wider commercial sector, including industry, general trade, constructions transports and fuel traders.

John V. Vardinoyannis, President

Turnover 1,695,303,000.00 €

PROFIT BEFORE TAXES 7,438,000.00 €

Chemicals The firm’s activities in the Chemicals sector includes storage and distribution of a wide range of products for chemical industries. Coral is the exclusive agent and distributor of Shell Chemicals in Greece. Chemical products cover a wide range of needs and are transported by special chemical tankers from the Shell Chemicals refinery to Coral’s privately-owned facilities, from where they are distributed to customers in Greece and other Balkan countries. Shipping As a trusted supplier of marine fuel, Coral’s objective is to act as the customer’s strategic partner, thus maximizing the profitability of the business. The firm can supply all types of vessels from seagoing ships to small fishing boats, offering a wide variety of fuels - from heavy fuel oil 30cst to 380 cst and diesel. Deliveries are made by ship-to-ship bunkering, as well as by tanker trucks across Greece.

Contact Details 12Α Irodotou Attikou St., 151 24 Maroussi, Attica, Greece Tel.: +30 210 9476000 FAX: +30 210 9400550 Ε-mail: Website:

Coral S.A. 2013 Turnover 1,714,270,000.00 € Profit Before Taxes 573,000.00 € Gross Profit 58,412,000.00 € Net worth 66,232,000.00 € Liabilities 239,621,000.00 €

2014 1,695,303,000.00 € 7,438,000.00 € 68,805,000.00 € 71,251,000.00 € 231,772,000.00 €

Change (%) -1.1 1198,08 17.8 7.6 -3.3

Diamonds 251



Turnover 33,150,222.00 €

PROFIT BEFORE TAXES 7,337,297.00 €

Contact Details 240-242 Kifissias Ave., 152 31 Chalandri, Attica, Greece Tel.: +30 210 6700800 FAX: +30 210 6700820 Website:

PETROLEUM PRODUCTS Commercial Apostolos Vakakis

Turnover 454.276.468

Turnover PROFIT BEFORE TAXES 293,849,241.00 € 96.956.097

PROFIT BEFORE TAXES 7,288,920.00 € Contact Details Contact Details 151, Kifisias Ave., 151 24, Marousi, Attica, Greece Tel: +30 210 6006380 FAX: 2106083820 E-mail: Website:

252 Diamonds


Member of a leading group LANCIA JEEP HELLAS SA is Greece’s official importer and distributor of JEEP motor vehicles and parts. The company is part of the Syngelidis Group which has a 40-year highly successful course in the domestic automotive market. The Group has achieved one of the highest market shares throughout Europe for the JEEP brand in the last 10 years. Lancia Jeep Hellas is also the official importer and national distributor of Lancia cars in Greece. Syngelidis Group companies are the official importers and nationwide distributors of CITROËN, LANCIA, JEEP and SKODA vehicles through a network of more than 130 authorized dealers and repairers across the country. Recently, the Group’s activities were expanded to include the distribution of FIAT, ALFA ROMEO, ABARTH and FIAT PROFESSIONAL vehicles. In addition to the auto sector, the firm is also active in several other fields, including insurance brokerage, all kinds of vehicle and spare parts logistics services, real estate construction and marketing and sporting facilities. LANCIA JEEP HELLAS SA 2013 2014 Turnover 30,333,531.00 € 33,150,222.00 € Profit Before Taxes -7,552,663.00 € 7,337,297.00 € Gross Profit 3,878,756.00 € 3,766,467.00 € Net worth 1,195,214.00 € 2,054,517.00 € Liabilities 48,004,330.00 € 49,645,985.00 €

Change (%) 9.29 197.15 -2.89 71.90 3.42


Major local supplier of aviation fuels Shell & MOH Aviation Fuels SA is the marketing joint venture established by Shell Overseas Holdings Ltd (51%) and Motor Oil (Hellas) Corinth Refineries SA (49%) with the scope to market and supply aviation fuels under the Shell trademark in Greece. Its main activities involve the marketing and supply of aviation fuel JET A1 under the Shell Trademark in Greece and a wide variety of fuel related services, such as carnet cards, fuel sampling, defueling and CO2 Emissions Permits Trading. Nowadays, with presence in 19 airports in Greece, Shell & MOH Aviation has a leading position in the domestic market. At the same time, it is part of the Shell Oil International network, securing for its customers fuelling services in approximately 800 airports worldwide. Furthermore, Shell & MOH Aviation participates together with BP Aviation (50% - 50%) in GISSCO, the Into Plane Company servicing customers at 18 Greek airports, and with BP and EKO (33% each) in SAFCO, the Into Plane Company servicing customers at Athens International Airport. In 2014, the company reported a rise in sales to 293 million euros against 250 million euros a year earlier. Pre-tax earnings more than doubled to 7.28 million euros compared to 3.48 million euros in 2014. In 2015, the firm’s revenue from servicing 800 airports globally and 19 airports in Greece amounted to 209 million euros. SHELL & MOH AVIATION FUELS SA 2013 2014 Turnover 250,042,584.00 € 293,849,241.00 € Profit Before Taxes 3,483,366.00 € 7,288,920.00 € Gross Profit 13,033,771.00 € 18,346,309.00 € Net worth 14,231,464.00 € 11,515,732.00 € Liabilities 10,101,859.00 € 12,210,937.00 €

Change (%) 17.5 109.2 40.8 -19.1 20.9




Capturing value and delivering superior performance Dow (NYSE:DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from material, polymer, chemical and biological science to help address many of the world’s most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity.

Despina Anastasiou, General Manager Greece & Cyprus Regional Leader Central Europe

Dow’s integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2015, Dow had annual sales of nearly $49 billion and employed approximately 49,500 people worldwide. The Company’s more than 6,000 product families are manufactured at 179 sites in 35 countries across the globe. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at

Contact Details

Dow Hellas S.A., a subsidiary of The Dow Chemical Company, was established in Greece in 1960 with the construction of a polystyrene manufacturing facility at Lavrion. The company supplies regional customers a variety of plastics raw materials, basic and specialty chemicals in Water Technologies, Food & Beverage Markets and Oil and Gas sectors, coatings and innovative agricultural solutions. The operations in Greece include commercial offices, laboratories and manufacturing lines for the production of polystyrene, STYROFOAM(TM) and XENERGY(TM), thermal insulation solutions for the construction industry. In 1991, Dow Hellas was the first company in Greece to be certified for the quality of its products according to the international standard ISO-9000, and in 2005 was certified for environmental protection procedures as stipulated by EMAS ISO-14001. The company played a leading and defining role in introducing Responsible Care to Greece in the early 90’s and with the recent launch of the Sustainability Goals 2025 remains committed to applying science expertise to create sustainable solutions to some of the world’s greatest challenges.

Thoriko (P.O. Box 47), Lavrion, Attica, Greece Tel.: +30 2292062200 Fax: +30 2292025243 Website: TheDowChemicalCompany dow-chemical

DOW HELLAS S.A. 2013 2014 Turnover 67,201,046.00 € 67,541,165.00 € Profit Before Taxes 5,274,347.00 € 7,186,654.00 € Gross Profit 9,998,538.00 € 14,165,022.00 € Net worth 11,203,009.00 € 11,436,390.00 € Liabilities 20,631,550.00 € 20,610,903.00 €

Turnover 67,541,165.00 €

PROFIT BEFORE TAXES 7,186,654.00 €

Change (%) 0,5 36,3 41,7 2,1 -0,1

Diamonds 253



Actively showing its social sensitivity Pharmaserve, a Greek pharmaceutical company, was founded in 1984 and quickly evolved into an major company in the drug market. In 1994, Pharmaserve-Lilly became a joint venture between the US company Eli Lilly & Company and Pharmaserve. In fact, it is the only Greek pharmaceutical company in which a multinational giant holds a stake. Today, Pharmaserve - Lilly is among the top ten companies in the domestic pharmaceutical market. Pharmaserve - Lilly is the exclusive representative of Eli Lilly & Company in Greece, while at the same time engaging in marketing and distribution of pharmaceutical and para-pharmaceutical products. The company has a medical department with very significant research activity and enjoys maximum acceptance at national and international levels. The company focuses its efforts on providing detailed scientific information to health professionals on the benefits of its products for patients, and ensures patients access to the products they need. In 2014, in a show of social sensitivity, the company donated 13,900 drug packages: oncology drugs, antibiotics and antidepressants, as well as insulin and medical devices to hospitals and NGOs. At the same time, through its program “Drug Bank SFEE - Network for the Free Disposal to Needy and Uninsured,” the firm donated an additional 900 packages to needy and uninsured citizens. Lilly was established in 1876 and is among the leading companies worldwide. The company has developed productive alliances and partnerships around the world, promoting the ability to develop innovative medicines. It is headquartered in Indianapolis US and employs a staff of some 39,000 worldwide. In research and development alone, the firm employs about 8145 people, with investment in R&D reaching 4.73 billion dollars in 2014. Lilly’s products are marketed in 120 countries through its facilities in the US, Puerto Rico and 11 other countries. In 2014, Pharmaserve - Lilly reported a slight drop (4%) in sales to 113.58 million euros against 118.32 million euros a year earlier. Pre-tax income dropped to 6.58 million euros compared to 7.18 million euros in 2013.

Turnover 113,581,802.00 €

PROFIT BEFORE TAXES 7,186,446.00 €

Contact Details 15th km Athens-Lamia National Road, 14564 Kifisia, Athens, Greece Tel.: +30 210 6294600 Fax: +30 210 6294610 E-mail: Website:

254 Diamonds

PHARMASERVE – LILLY SA 2013 2014 Turnover 118,323,708.00 € 113,581,802.00 € Profit Before Taxes 6,589,431.00 € 7,186,446.00 € Gross Profit 41,458,719.00 € 44,863,274.00 € Net worth 12,810,025.00 € 13,288,066.00 € Liabilities 54,223,520.00 € 50,130,985.00 €

Change (%) -4.0 9.1 8.21 3.7 -7.5




Market leader in PDO feta cheese

Michail Panagiotakis, deputy CEO

Turnover 92,645,588.00 €

Fifty-three years after its establishment in 1963, DODONI dairy company, with respect to its heritage, continues to unfold its unique history, devoted to its tradition and its authentic taste, the taste of good. The firm today fully meets the increasing Greek and international consumers’ needs for pure and 100% Greek products, identified as a superior brand in taste and high quality. With a wide range of nine categories of purely Greek products and some 80 different codes, the leading dairy company has won its own exclusive place on consumers’ table, offering authentic flavors that make daily life more delicious and special! The firm’s number one selling product, Dodoni PDO feta cheese, as well as its fresh milk, real yogurt, hard cow cheese, galotyri cheese, butter and many other unique products made of pure raw materials, are the key parameter of the firm’s superior quality and authentic taste. Its expanded network of more than 5,000 producers in 514 villages of Epirus, north-western Greece, ensures the company’s daily supply of 100% Greek, homogenized and pasteurized milk, rich in natural flavor, thanks to 2,500 herbs and plants growing in the specific region’s pastures. Thanks to these pure and high quality raw materials of Epirus, Dodoni daily adds even more love and care for consumers, maintaining the taste tradition alive for 53 years and achieving high quality through the application of a strict control system and product quality assurance. Through its exports, Dodoni ‘travels’ to international consumers in 35 countries worldwide, becoming a proud ambassador of Greek products and cuisine, promoting Greek quality and legacy. In addition, its continued insistence on pure raw materials and respect for customers make the firm synonymous with unrivaled quality for consumers both in Greece and abroad. In 2014, company’s sales increased by 11.53% to 92.65 million euros compared to 83.07 million euros a year earlier. Company’s EBITDA also rose by 14.58% to 7.91 million euros against 6.90 million euros year-on-year. Net profits soared to 1.76 million euros compared to 166,916 euros in 2013.

PROFIT BEFORE TAXES 6,922,975.00 €

Contact Details 1 Tagmatarhi Kostaki St., 451 10 Eleousa, Ioannina, Greece Τel: +30 26510 89700 Fax: +30 26510 89707-08 E-mail: Website:

DODONI SA 2013 Turnover 83,066,240.00 € Profit Before Taxes 1,246,321.00 € Gross Profit 15,033,164.00 € Net worth 32,824,086.00 € Liabilities 64,293,613.00 €

2014 92,645,588.00 € 6,922,975.00 € 19,176,954.00 € 32,395,133.00 € 56,731,489.00 €

Change (%) 11,53 455,47 27,56 -1,31 -11,76

Diamonds 255




Sabo continues to expand its global reach. Dimitris Kiliaris, Chief Executive Officer

TURNOVER 41,190,000.00 â‚Ź

PROFIT BEFORE TAXES 6,870,000.00 â‚Ź

Contact Details Vassiliko - Chalkida | Evia - GREECE Postcode 34 002 Tel: +30 22210 51805-9 Fax: +30 22210 54073 E-mail: Website:

256 Diamonds

SABO S.A., a Greek company, was founded in 1984 by Mr. Dimitris Kiliaris and is one of the leading companies and major manufacturer of specialized machinery and supplier of turn-key plants and solutions for the Brick and Tile Industry as well for other several industrial sectors around the globe. Located in Vassiliko - Evia, in a privately owned 25.000 m2 area. The overwhelming majority of machineries that SABO is selling are manufactured in facilities in Greece with its own personnel. The company has select to manufacture using mainly its own resources instead of using subcontractors in order to maintain better control in the quality of its products and to provide better and more effective after sales service. It is the eldest member of SABO Group, a group of companies with strong international presence, which has been structured to create synergies for maximum compatibility and efficiency in offering complete and integrated projects. With subsidiaries companies in Brazil, Romania, Italy and specialized employees from multiple sectors of expertise, each member of the group specializes in a specific area, creating vertical production lines for services in sectors such as the Brick & Tile, General Industry, Waste, Waste Water, Energy, Civil Works, etc. SABO Group offers nothing less than the most superior quality in materials, equipment and human resources. The history of SABO starts in 1984, when installs the first automation for the brick and tile industry. In 1990, was rewarded with its first project outside Greece in Algeria. In 1994, the General Industry sector illustrates its presence by designing its first automation system. At the same time moves ahead by expanding its operations in Heavy Industry sector, installing raw materials conveying and stocking systems. In 2000, the first oil burner is being constructed and 6 years later gas burners take over a high pro-


portion of SABO’s production, starting from a first project in Slovakia. In 2005, the first robot has been installed, starting a new era of projects. In 2009, SABO expands its activities in the Environmental Sector. The start was made in the Renewable Energy Sources’ field by giving birth to SABO Energy, which was later renamed as SABO Environmental. Taking advantage of the technical know-how and the already set production line, SABO started producing and installing its first solar farms in 2010. In 2014, SABO Environmental expands its activities in the Waste Management field, targeting to become a worldwide market leader in manufacturing of solid waste and wastewater treatment equipment/machinery. After 26 years from the first project outside Greece, the activity and presence of SABO expanded in more than 45 countries and nowadays 97.5% of the company’s sales are exclusively in exports into markets such as East and Central Europe, Africa, Middle East, Asia and Latin America. SABO’s list of clients continues to grow with new collaborations, as the company is focused on serving clients with the same principles and quality to all the aforementioned markets. Continuous development in all domains and a quest for new challenges comprises the core of the firm’s mentality.

SABO S.A. 2013 Turnover 40,000,130.00 € Profit Before Taxes 5,333,261.00 € Gross Profit 11,312,155.00 € Net worth 16,528,427.00 € Liabilities 27,789,921.00 €

2014 41,190,000.00 € 6,870,000.00 € 13,452,000.00 € 19,608,966.00 € 21,130,676.00 €

Change (%) 3,0 28,8 18,9 18,6 -24,0

Diamonds 257



Turnover 62.727.738,00 €


Highly specialized in insurance Ydrogeios was established in 1973, and since 1982 to date is owned by Anastasios Kaskarelis. The company has been on a growing path through the years and now counts 43 years of successful operation in Greece and 13 years in Cyprus. Ydrogeios continues to be a purely privately-owned Greek insurance group, among the largest in the country’s general insurance industry. The company’s products include modern and flexible insurance policies for the protection of private individuals, professionals, entrepreneurs, property and family. Products are offered exclusively by a network of independent insurance agents, while the firm operates a wide network of branches and offices in major Greek cities and in Cyprus. Specifically, its product portfolio includes: vehicle insurance, home, business, liability, personal accident and specialized multiple policies. Ydrogeios operates 15 branches and offices, employing a staff of 300, and has a network of 2000 insurance partners and agents. In Greece alone it provides insurance coverage to 375,000 vehicles.

PROFIT BEFORE TAXES 6.780.894,00 € 254-258 Syngrou Ave., Kalithea, Attica, Greece Tel.: +30 210 9477327 Fax: +30 210 9590078 E-mail: Website:

YDROGEIOS SA 2013 Turnover 80,819,416.00 € Profit Before Taxes 435,352.00 € Gross Profit -13,491,342.00 € Net worth 37,944,447.00 € Liabilities 11,352,440.00 €



Contact Details

Commercial Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 12,192,948.00 €

PROFIT BEFORE TAXES Contact Details 6,551,585.00 € Contact Details 2 Alamanas St. & Premetis St., 151 25 Marousi, Attica, Greece Tel. +30 210 6171600 Fax. +30 210 6199339 Website:

258 Diamonds

2014 62,727,738.00 € 6,780,894.00 € 3,851,545.00 € 42,146,434.00 € 12,576,621.00 €

Change (%) -22.4 1457.6 11.1 10.8

Benefiting the Greek economy for 27 years DIAS Interbanking Systems S.A. was founded on 28 June 1989. It has developed and runs the DIAS payment system that services and clears electronic payments, both domestic and cross border. DIAS develops payment services in collaboration with banks. The payment services target not only the banking sector but also the public and private sectors, and aim at modernizing the payment landscape in Greece and benefiting the country’s economy. Shareholders of the company are credit institutions and the Bank of Greece. The payment system of DIAS has been classified as a Prominently Important Retail Payment System (PIRPS), according to the oversight framework for retail payment systems operating in euros of the European Central Bank and is under the supervision of the Bank of Greece. It consists of the following payment instruments: credit transfers, direct debits, cheques, ATM transactions and card payments. Members of the payment system are Credit Institutions, the Bank of Greece and the Hellenic Post according to the system rulebook. In 2015, DIAS cleared 202,02 million payment transactions with a total value of 193,81 billion Euro. Most of the transactions were credit transfers and other capital movements, with approximately 166 million transactions in 2015. DIAS INTERBANKING SYSTEMS S.A 2013 2014 Turnover 11,728,030.00 € 12,192,948.00 € Profit Before Taxes 6,513,962.00 € 6,551,585.00 € Gross Profit 7,647,363.00 € 7,942,046.00 € Net worth 23,344,646.00 € 22,208,784.00 € Liabilities 8,174,303.00 € 10,245,384.00 €

Change (%) 4.0 0.6 3.9 -4.9 25.3


MACHINERY Industrial


Among Greece’s leading elevator firms

Konstantinos Koukountzos, CEO

Turnover 78,201,000.00 €

The main activity of the Group’s companies is production and trading of elevator systems, such as: hydraulic elevating mechanisms (piston, power modules, chassis), electromechanical elevating mechanisms (engines, chassis, counterweights), cabins (passenger, cargo, wraparound), electronic switchboards, electronic systems and Compact lifting systems. The need for the Group’s immediate adaptation to customer requirements and industry trends, has led to a new business activity offering the “Complete Elevator Package.” KLEEMANN’s new products cover all possible requirements of all types of construction, such as: hydraulic elevators without machine room (ARION Hydro MRL), electromechanical elevators without machine room (APOLLO Traction MRL and ATLAS Traction MRL), hydraulic Maison Lift, DUMBWAITER lift for smaller loads and antiseismic elevators. The main components marketed by the firm are intended for residential and office elevators, panoramic lifts for malls and hotels, industrial sites, airports, etc., including electromechanical engines, guides (rails), oils, cables, ropes and other mechanical components. KLEEMANN’s goal is to satisfy the specific needs of each client while increasing its market share and brand awareness internationally. The Group in 2015 established new subsidiaries in Croatia and Germany, while it also acquired a commercial company in Australia, aimed at boosting its presence in the respective markets. The company’s management in 2016 expects to preserve liquidity based on its international expansion and further penetration in markets with good growth potential. In 2015, the Group reported a rise in sales to 107.1 million euros against 98 million euros a year earlier, up 9.3%. Pre-tax income dropped to 4.8 million euros compared to 6.3 million euros in 2014, while EBITDA also dropped to 7.8 million euros against 9.5 million euros a year earlier, attributed primarily to higher discounts offered to customers to offset growing pressure from international markets for competitive prices, and the impact of negative developments in markets such as Turkey and Russia, which account for a large part of the Group’s sales.

PROFIT BEFORE TAXES 6,770,000.00 €

Contact Details Kilkis Industrial Area, 611 00 Kilkis, Kilkis, Greece Tel.: +30 23410 38 100 Fax: +30 23410 38 200, E-mail:

KLEEMANN HELLAS SA 2013 2014 Turnover 75,862,000.00 € 78,201,000.00 € Profit Before Taxes 3,275,000.00 € 6,770,000.00 € Gross Profit 23,080,000.00 € 24,054,000.00 € Net worth 72,743,000.00 € 75,535,000.00 € Liabilities 41,512,000.00 € 39,299,000.00 €

Change (%) 3.08 106.72 4.22 3.84 -5.33

Diamonds 259


Pharmaceuticals Commercial


Holding a leading place in the pharmaceutical market by creating value for community pharmacists Thanasis Mouchtis, General Manager

Turnover 146.776.685,04


Contact Details 98 Ag. I. Renti, Agios Ioannis Rentis, 18233 Tel.: +30 210 4830291 Fax: +30 210 4813995 Email: Website:

260 Diamonds

The PEI.FA.SYN group (Pharmaceutical Cooperative of Piraeus) ranks among the 3 biggest and more dynamic companies in the field of pharmaceutical and OTC trading in Greece. PEI.FA.SYN was founded in 1980 and has kept growing despite the difficulties of the market or the economic conditions. In spite of the recession during the last few years, PEI.FA.SYN has encountered and successfully dealt with significant challenges, and has developed high quality services to assist its members evolve and shape the future of the pharmacist profession. Education, IT services and focused promotional campaigns are but a few of the tools PEI.FA.SYN has developed to support its members. PEI.FA.SYN is headquartered on privately-owned facilities in Rentis, a district of the port-city of Piraeus, of a total floor space of 3,000 sqm; it has three subsidiaries, SY.FA.PEL based in Argos, SY.FA. KO based in Korinthos and SY.FA.SAMOU based on Samos. It covers the needs of pharmacies in the regions of Attica-Piraeus, Argolida, Arkadia, Korinthia and Samos-Ikaria in the most efficient and flexible way. In addition, the pharmaceutical cooperative has a service provider affiliated company, MEDI - SYN, which offers advisory and organizational services to pharmacies. With a regular staff of 183 employees, PEI.FA.SYN serves a clientele of more than 700 pharmacies on a daily basis. It holds an ISO 9001:2008 Certificate, while it conforms to the guidelines for good distribution practices of medical devices (1348/04) and operates under the European “Good Distribution Practice of Medicinal Products”. PEI.FA.SYN daily processes 50,000 order lines, 3,000 orders and manages a wide portfolio of products (20,000 skus). The group has also made large investments in infrastructure and high technology equipment: two automated picking machines, installed by Knapp Logistik Automation Gmbh in 1998, together with RF terminals in manual picking stations, allow PEI.FA.SYN to serve effectively its clientele. In 2016, a further upgrade is planned of all logistics procedures. The company operates the ORACLE Enterprise Resource Planning system (E-Business Suite) to facilitate information


flow between all business functions, as well as the demand forecasting and inventory management system “Syncron”, to meet the challenges of stock shortages in a market were shortages have to be immediately addressed. In 2016, PEI.FA.SYN launched its B2B platform to help its customers grow along with the company. Daily offers, newsletters and promotional campaigns are communicated through this platform in the most powerful way. PEI.FA.SYN aligns marketing spend with sales potential to maximize growth and expand its market share. PEI.FA.SYN΄s pharmacists are now joining the “Green Pharmacies” network of cooperative pharmacies, a network with high quality products and services that focuses on meeting the needs and interests of patients and further strengthen their bonds with pharmacists. Pharmacists are Health Coachers and are committed to deliver care in a patient-centered approach. The PEI.FA.SYN group not only aims to stand out as a remarkable organization, but also strives to make a difference by offering support to fellow citizens in need, while also operating as an environmentally responsible company. PEI.FA.SYN’s management team is committed to innovation, excellence and continuous development. In 2015, the cooperative reported total turnover of 170 million euros, with a net profit of 1.8 million euros.

Turnover Profit Before Taxes Gross Profit Net worth Liabilities

PEI.FA.SYN. 2013 2014 Change (%) 157.614.996,69 146.776.685,04 -6,9 1.738.723,63 1.584.205,49 -8,9 7.543.301,08 6.579.435,01 -12,8 16.192.481,05 17.071.164,13 5,4 32.952.583,95 31.924.643,16 -3,1

Diamonds 261



High profitability and investments in 2015 ACS Courier S.A., member of the Info-Quest Group of companies, was founded in 1981 and has become the leading company in the domestic courier marketplace, by providing first-class courier services in competitive prices, within Greece and for all international shipments and worldwide destinations. The company has the largest network in Greece, Cyprus, Albania and Bulgaria, with more than 350 shops, which cover the communication needs of hundreds of thousands of businesses and individuals in 200 countries around the world, while using the most complete and modern IT equipment and automated systems for sorting, tracking and locating shipments. ACS has undoubtedly linked its name to Courier service in Greece by offering, for over 30 years, to businesses and households across the country complete, reliable, affordable and quality services in order to meet their needs for urgent posting. Today ACS operates on premises of total 30,000 m2 in surface. The company handles more than 15,000,000 shipments per year, delivering to 15,500 different destinations within Greece with more than 1500 delivery vehicles (trucks & motorbikes). The workforce is consisted by 3000 specialized employees. Some additional facts about ACS: ACS has the largest network in Greece, Cyprus, Albania and Bulgaria, with more than 350 service points network (for retail customers in Greece, Cyprus, Albania and Bulgaria) which cover with speed, safety and reliability the communication needs of hundreds of thousands of businesses and individuals in 200 countries around the world. ACS offers the most complete organization and expertise in the domestic courier market, and is certified by ISO 9001:2000. ACS holds an Individual License and a National General Authorization for provision of courier services in the Greek market. In 2015, total sales dropped by a marginal 1.4% to 81.00 million euros compared to a year earlier, while pre-tax earnings dropped by about 10% to 6.01 million euros. EBITDA amounted to approximately 7.00 million euros, down almost 4% against a year earlier. Revenue from courier services in 2015 was negatively affected by various factors, dropping by about 3% compared to 2014. However, revenue from postal services increased by about 10% year-on-year, and now accounts for 14% of the firm’s total revenue. Postal services is the company’s second main activity following its primary courier services activity. A significant development for ASC in 2015 has been the purchase of plot of land measuring 26,741 sq.m. In addition, in the first quarter of 2015, the company completed the first phase of the upgrading of its Attica facilities, which involved the acquisition of plot of land in the Athens suburb of Egaleo and the conclusion of the upgrade of its Thessaloniki facilities, a total investment of some 8.3 million euros.

Turnover 82,304,000.00 €

PROFIT BEFORE TAXES 6,707,000.00 €

Contact Details 25 Asklipiou St., 145 68 Kryoneri, Attikis, Greece Tel.: +30 210 8190000 Fax: +30 210 8190311 E-mail: Website:

262 Diamonds

ACS SA 2013 Turnover 56,533,000.00 € Profit Before Taxes 2,523,000.00 € Gross Profit 12,096,000.00 € Net worth 18,970,000.00 € Liabilities 17,000,000.00 €

2014 82,304,000.00 € 6,707,000.00 € 18,828,000.00 € 8,991,000.00 € 17,051,000.00 €

Change (%) 45.6 165.8 55.7 -52.6 0.3



Rolex,the leading brand in the Swiss watchmaking industry, is present in some 100 countries around the world through more than 30 affiliates and after-sales service and via its network of official retailers,guarantors the quality and authenticity of Rolex watches. This vast network is based on the skills of nearly 4,000 watchmakers duly trained to Rolex standards.

Through these professionals,the company ensures the distribution and maintenance of its watches according to strict quality standards. Rolex is also actively commited to the support of the arts,sports,the spirit of enterprise and the environment through a broad array of sponsoring activities and philanthropic and patronage programmes.


ROLEX SA 2013 Turnover 42.659.803,00 € Profit Before Taxes 4.450.112,00 € Gross Profit 9.269.321,00 € Net worth 995.652,00 € Liabilities 13.199.609,00 €

2014 51.013.386,00 € 6.577.249,00 € 11.003.423,00 € 1.200.250,00 € 10.698.559,00 €

Change (%) 19,6 47,8 18,7 20,5 -18,9

Diamonds 263


HOLDINGS Commercial


Active in 16 countries with more than 6.000 employees

Georgios Peristeris, CEO Turnover 4.017.000,00 €

PROFIT BEFORE TAXES 6.624.000,00 €

Contact Details Contact Details 85 Mesogeion Ave., Athens 115 26, Greece Tel.: +30 210 6968000 Fax: +30 210 6968098-99 E-mail: Website:

264 Diamonds

GEK TERNA Group is one of the leading business Groups in Greece with operations also in Central and Southeastern Europe, USA, North Africa and Middle East. The Group’s expertise spans from construction, energy production and supply, concessions, waste management and mining activities to real estate development and management. With a total staff of 6,000 employees around the world, the Group has invested more than 1.5 billion euros in the past few years. GEK TERNA is listed on the Athens Stock Exchange (FTSE / Athex Large Cap). Construction: GEK TERNA Group, through its 100% subsidiary TERNA S.A., has been actively involved in the construction sector for over 45 years. TERNA has implemented a broad spectrum of public and private projects including the construction of railway and highway networks, high-quality office buildings, hospitals, museums, resorts, hydroelectric power plants, dams, harbors, industrial facilities, power plants, etc. TERNA’s current construction backlog is 3 billion euros. Renewable Energy Sources: In the Renewable Energy Sources sector, GEK TERNA‘s activities are under TERNA ENERGY S.A., a pioneer player in the development of RES Industry in Europe, with a strong portfolio of technologies. The Group’s total installed capacity is 666.5 MW. The Group has 394 MW installed in Greece, 138 MW in the USA, 102 MW in Poland and 30 MW in Bulgaria. Furthermore, it has 246 MW of RES installations currently under construction or ready for construction, in Greece and overseas. Overall, the Group operates, is constructing or has full licensing of 885 MW of RES installations in Europe and the US And is targeting to reach up to 1,000 MW of operating RES projects over the following years. TERNA ENERGY is listed on the Athens Stock Exchange (FTSE / Athex Large Cap). Thermal Energy: GEK TERNA Group is also involved in thermal energy production through its holding in HERON S.A., having partnered with two international leading energy players, GDF Suez και Qatar Petroleum. HERON operates in the sectors of electric energy production and supply. It owns two thermal power plants of an installed capacity of 147 MW and 435 MW (HERON I and HERON II, respectively). Concessions - PPPs: In the concessions sector, The Group displays an impressive dynamic through its involvement in financing, management and commercial exploitation of concession projects such as the road concessions “Ionia Odos”, “Central Greece Motorway”, “Olympia Odos” and the construction and participation in the operation of ten (10) car parks. It is also involved in PPP projects (e-ticketing). Mining: The Group is also involved in mining activities for magnesia (Mantoudi mines) and lignite (Achlada lignite mine) exploitation. TERNA MAG S.A., is a mining and commercial company, based in North Evia, Greece specializing in magnesia production. GEK TERNA GROUP is realizing a 100-million-euro investment plan for quarrying activities in Mantoudi. Real Estate: GEK TERNA is also engaged in real estate development and management with a differentiated portfolio in Greece, Bulgaria and Romania, including business centers, logistic centers, industrial parks, entertainment parks, residential properties, commercial properties, hotels, parking stations, etc. GEK TERNA SA 2013 Turnover 3.941.000,00 € Profit Before Taxes -24.499.000,00 € Gross Profit 460.000,00 € Net worth 293.111.000,00 € Liabilities 119.766.000,00 €

2014 4.017.000,00 € 6.624.000,00 € 79.000,00 € 297.976.000,00 € 91.928.000,00 €

Change (%) 1,93 -82,83 1,66 -23,24




An absolute exporter of canned fruit

Eleftherios Saitis

Turnover 49,300,744.00 €

PROFIT BEFORE TAXES 6,533,683.00 €

KRONOS SA is a canned fruit industry established in 1971, based in Skydra, Northern Greece, in the heart of peach production, and in close proximity to the Thessaloniki sea port and airport. As a 100% export company, Kronos sells its products to more than 80 countries worldwide, constantly expanding into new markets. Founded by three families - Eleftherios M. Saitis, Eleftherios M. Drigogias, and Ioannis Chloros – Kronos has evolved into a leader in the domestic fruit canning industry, and is the biggest of its kind in Europe and one of the top five worldwide. Having set product quality and customer satisfaction as its top priorities, Kronos has proved to be one of the main canned fruit producers and exporters worldwide. With the use of modern and upgraded equipment, Kronos secures a large production capacity on a daily basis. The firm’s canned products are famed for their aroma, flavor, texture and high quality. The product range includes: Peaches halves, slices and dices Peeled Apricots Fruit cocktail Peach and Apricot puree concentrate and single strength The firm, employing a qualified staff of 120 full-timers, as well as 750-800 seasonal workers, enjoys a high reputation among its customers, thanks to its 45-year legacy of excellent services and highquality products. Greece’s canning industry is regarded as a major contributor to the country’s economy, as thousands of rural families are involved in the entire process. Kronos’ annual sales amount to some 52 million euros, with profits of 6.5 million euros. INVESTMENTS Regardless of the current economic crisis facing Greece, the firm is implementing a three-year investment program, valued at more than 8 million euros, aimed at upgrading its factory infrastructure and renovating its warehouses and environmental protection facilities. In 2008, Kronos founded the renewable energy firm KRONOS SUN ENERGY SA, launching, in the same year, a photovoltaic park of an installed capacity of 2.5 MW, one of the biggest renewable energy projects in Northern Greece. Intercomm SA, in Larissa, is also Kronos’ associate company. In addition, as part of its drive to make the most of energy sector innovations, Kronos is now using existing biomass to meet the power needs of its entire facility. The processed fruit pits provide enough energy to ensure the company’s self-sufficiency with regard to power, which in turn reduces its dependence on oil and cuts hydrocarbon emissions.

Contact Details Mavrovouni, Skydra 585 00 Pella, Greece Tel.: +30 2381089438 Fax: +30 2381081106 E-mail: Website:

KRONOS SA 2013 Turnover 50,521,679.00 € Profit Before Taxes 6,404,122.00 € Gross Profit 13,937,998.00 € Net worth 23,111,748.00 € Liabilities 25,680,000.00 €

2014 49,300,744.00 € 6,533,683.00 € 13,583,023.00 € 24,125,665.00 € 31,970,100.00 €

Change (%) -2.4 2.0 -2.55 4.4 24.5

Diamonds 265



Turnover Turnover 47.332.454

238,281,000.00 €


Contact Details 24A Kifissias Ave, 151 25 Marousi, Attica, Greece Tel: +30 213 0163800 Fax: +30 213 0163801 Website:


Global force in electronic products Since its inception in Suwon, South Korea in 1969, Samsung Electronics has developed into a leading company worldwide in information technology, with more than 200 affiliates around the world. The company produces home appliances such as TVs, monitors, printers, refrigerators and washing machines, as well as innovative mobile communications products, such as smartphone and tablets, among other things. Samsung also remains a reliable supplier of key electronic components such as DRAM memory and semiconductors without memory. The company affiliates cover fields including electronics, heavy industry, chemicals, and financial services. Samsung Electronics has set itself the objective of reaching sales of 400 billion dollars by 2020. In 2014, the company reported a drop in sales to 208.2 million euros, down by 30 million euros yearon-year. However, the firm managed to remain profitable, posting pre-tax income of 4.89 million euros. SAMSUNG ELECTRONICS HELLAS SA 2013 2014 Turnover 294,088,000.00 € 238,281,000.00 € Profit Before Taxes 6,834,000.00 € 6,525,000.00 € Gross Profit 52,838,000.00 € 49,227,000.00 € Net worth 17,628,000.00 € 22,082,000.00 € Liabilities 55,974,000.00 € 39,750,000.00 €

Change (%) -18.98 -4.52 -6.83 25.27 -28.98

KAFEA SA FOOD PRODUCTS Commercial Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 41,857,441.00 47.332.454 €

PROFIT BEFORE TAXES Contact Details 7.207.876 6,215,837.00 € Contact Details 12 Naxou St., 190 02, Peania, Attica, Greece Tel: + 30 210 6683300 Fax: +30 210 6683329 E-mail: Website:

266 Diamonds

Coffee market leader over the past 25 years Kafea Emporiki Techniki SA has operated in the Greek espresso market since 1988 as an entirely Greek, family-owned business, with a firm hold of a leading market share in the espresso Ho.Re.Ca. sector. Its main activities focus on the exclusive import and distribution of Illy espresso, a popular blend made up of 9 types of 100% Arabica coffees, along with several other high-quality products of international recognition, such as premium Nonino distillates, Monbana chocolate, famous Dammann teas, Routin 1883 flavoring syrups, La Marzocco and La Faema machinery. Kafea has created one of the largest distribution networks throughout the country in the Ho.Re.Ca. Sector, as well as in the retail market, covering 98% of the market’s territory. The firm continuously invests in know-how, training and technology. Backed by dedication and high professionalism, Kafea ensures the optimum implementation of procedures to offer consumer excellent espresso. As a result, Greece has developed into the strongest export country for ILLYCAFFE SPA, in terms of volume. The Greek market absorbs almost half of the company’s total exports to Europe. In 2014, Kafea was awarded a ‘’Diamonds of the Greek economy” distinction, honoring its efforts on the 25th anniversary of Illy’s presence in the local market. KAFEA SA 2013 2014 Change (%) Turnover 36,650,481.00 € 41,857,441.00 € 14.21 Profit Before Taxes 5,032,243.00 € 6,215,837.00 € 23.52 Gross Profit 13,125,652.00 € 14,992,641.00 € 14.22 Net worth 7,238,594.00 € 5,476,836.00 € -24.34 Liabilities 21,650,250.00 € 22,289,255.00 € 2.95





Together in health, development and innovation since 1949 GAP is one of the most dynamic and aspiring Greek pharmaceutical companies. The company was founded in 1949 by the brothers Georgios and Athanasios Papathanasiou, who continued the long family tradition of pharmacists, with roots from Smyrna. Armed with a vision and persistence, the Papathanasiou brothers laid the foundations for GAP, which manages to be one of the largest pharmaceutical companies in Greece today. From the first day of its operation until today, GAP remains undoubtedly committed to a basic code of principles, emphasizing quality, safety, efficacy and innovation of its products. Another cornerstone value for the company is its respect towards its employees and managers. GAP is and will remain a family, united by a common value system. GAP operates in 3 principal areas: Production and distribution of generic and innovative products in the Greek and international markets. Development and distribution of EVIOL products (vitamins, food supplements, cosmetics). Contract manufacturing of soft capsules in its state-of-the-art equipped facilities. Today, GAP ranks amongst the largest pharmaceutical companies in Greece. It is a leader in the Greek generic market, while it also represents original products of International companies, such as Vifor Pharma, Ferrer, Henkel and others. At the same time, led by the Eviol brand name (Vitamin E), its entire range of cosmetics and dietary supplements hold a prominent position in pharmacies and consumers. In addition, the soft capsules department is unique in Greece and enjoys the confidence of major foreign firms that manufacture their products in GAP. Our Mission To offer our clients, doctors, pharmacists, Greek and International consumers, products that comply with the strictest quality standards, at an affordable price. To continue investing in research and innovation, while focusing on the quality of people’s life. To promote international partnerships that contribute to the acquisition of knowledge, the expansion of market shares we hold and to strengthening the company’s value. Our Vision Our vision is to be one of the largest companies in Greece and internationally, developing and providing innovative solutions for health and personal care, thus improving the quality of life of our consumers. We want to continue investing in the manufacture of soft capsules, offering our clients the necessary advantages that will help them achieve their goals. We want to contribute to the extraversion of Greek business globally and have employees proud to be a part of the GAP family. Our Values Operating with integrity Innovating Working as a team

32.552.633,00 €

PROFIT BEFORE TAXES 6.408.776,00 €

Contact Details Aghisilaou 46, 173 41 Athens, Greece Tel.: +30 210 9310980-4 Fax: +30 210 9338759 E-mail: Website:

GAP SA 2013 Turnover 30,355,290.00 € Profit Before Taxes 5,141,044.00 € Gross Profit 19,246,034.00 € Net worth 8,917,260.00 € Liabilities 17,326,831.00 €

2014 32,552,633.00 € 6,408,776.00 € 19,041,362.00 € 8,796,702.00 € 23,206,366.00 €

Change (%) 7,2 24,66 1,06 -1,4 33,9

Diamonds 267




Pharmaceuticals Commercial

VITAFARM - Pharmaceutical Centre SA

Steadily growing despite crisis Sotiris Lelos

Turnover 82.899.269,00 €

PROFIT BEFORE TAXES 6.094.678,00 €

Contact Details 23 Chalkis Str, Pylaia, Thessaloniki 57001 Tel.:+30 2316003100 Fax: +30 2310478946 E-mail: Website:

268 Diamonds

VITAFARM - Pharmaceutical Centre SA is one of the largest and most dynamic wholesale distributors of medicinal and related products in Greece, concentrating mainly on supplying pharmacies in the Macedonia region. It is a member of the Lelos Group, the largest wholesale pharmaceutical group (with a total of 9 members) in Greece serving 2,500 pharmacies nationwide. VITAFARM, a purely Greek company, started out in 2001 with its head office located at a 3,000 m2 privately owned facility in Pylaia, Thessaloniki, about 5 km from Macedonia Airport. Since its formation, it has seen its financial figures grow steadily as it continues on its successful course, even now and despite the crisis affecting the entire Greek pharmaceutical industry. Since 2001, VITAFARM has continually grown its customer base and now serves an average of 600 pharmacies throughout Macedonia. Since its founding, it has made ongoing investments in new technologies in order to stay ahead of the competition. Aside from its modern pharmaceutical warehouses, it has a completely automated order fulfilment system made by KNAPP, the well-known Austrian company, for managing fast-moving products. In May, it began operating a new section based on the autonomous ROWA robotic system by the German company CareFusion that enables optimal management of slow-moving products and real-time monitoring of their expiry dates. The entire system - from receiving the items and packing them until the company drivers deliver them to the pharmacies - is monitored electronically in real time using RF scanners and PDAs. This process minimises errors (less than 99%) in addition to fully documenting all stages of the process. VITAFARM also markets the Stirixis private label, its own complete line of orthopaedic products, available only through pharmacies. Since 2015, the Stirixis line has been enhanced with a number of new products, such as hand and foot care, plasters, first aid products and items for treating specific conditions, such as nasal strips and herpes patches, and is gaining an ever-growing number of


consumers. VITAFARM is also the exclusive importer on the Greek market of new, innovative lines of products made by renowned European companies, such as diagnostic devices (MédicAID) and pregnancy tests (Prelude), products for tattoo care (TattooMed) and aids for taking medications in tablet form for patients with difficulty swallowing (Gloup). The company is certified to ISO 9001:2008 and its operation has also been certified by the National Organisation for Medicines in accordance with European Commission guidelines on Good Distribution Practice of medicinal products. It adheres to strict quality control procedures, including monitoring delivery truck routes through GPS using Vodafone’s Zelitrack service, real-time monitoring of all cold storage areas, through Vodafone’s Cabinet service and limiting access to areas by non-authorised personnel. The company also maintains a system from HWgroup for electronically monitoring temperature and humidity in real time by collecting data from 12 sensors distributed throughout the facility. Since 2013, the company has also been working to find solutions that are in line with new environmental standards. Some examples include the use of an electrical conveyor belt and compactor system to automatically collect, discard and crush carton boxes, installing tubular skylight on the roof of its facility, and using LED lamps where necessary, thus significantly reducing its energy footprint.     VITAFARM - Pharmaceutical Centre SA   2013 2014 Turnover 85.257.229,00 € 82.899.269,00 € Profit Before Taxes 4.548.279,00 € 6.094.678,00 € Gross Profit 7.465.699,00 € 8.264.535,00 € Net worth 10.873.938,00 € 17.670.816,00 € Liabilities 14.560.418,00 € 17.661.151,00 €

Change (%) -2,8 34,0 10,7 62,5 21,3

Diamonds 269



Turnover Turnover

47.332.454 35,363,479.00 €


Contact Details 1st km Gaziou Krousona Hwy, 71500, Heraklion, Crete, Greece Tel: +30 2810 824140 Fax: +30 2810 821495 E-mail: Website:


Turnover 454.276.468

PROFIT BEFORE TAXES Turnover Turnover 96.956.097 47.332.454 22,750,481.00 €


Contact Details 36 K. Palama St., 143 43 Nea Halkidona, Attica, Greece Tel.: +30 210 2510040 FAX: +30 210 2520742 E-mail: Website:

270 Diamonds


One of Crete’s strongest supermarket chains CHALKIADAKIS SA began operating in Crete’s supermarket sector in 1980. In 1994, the chain was integrated into the Veropoulos group of super markets. In January 2015, the chain became part of the Greek group I. & S. Sklavenitis, which acquired the Veropoulos’ stake in Chalkiadakis. Through the acquisition, Sklavenitis further expanded its presence beyond Athens, backed by the Chalkiadakis family as a strategic partner for the Cretan market, where it holds extensive experience. At present, the Chalkiadakis chain numbers 38 stores and employs a staff of 940. In 2004, Chalkiadiakis it became the first supermarket chain to be certified with Quality Certificate ISO 9001: 2000 and Occupational Health and Safety HACCP Food standards for all activities, by ELOT, the Greek Standards Organization. The company has also been certified with the new international standard ISO 22000, since 2006. In 2014, the supermarket chain reported a hefty drop in sales to 35 million euros against 132 million euros a year earlier. However, pre-tax income rose to 6.00 million euros compared to 4.49 million euros in 2013. CHALKIADAKIS SA 2013 Turnover 132,529,219.00 € Profit Before Taxes 4,496,339.00 € Gross Profit 34,642,933.00 € Net worth 10,772,050.00 € Liabilities 44,890,347.00 €

2014 35,363,479.00 € 6,023,278.00 € 11,567,281.00 € 19,295,394.00 € 11,660,339.00 €

Change (%) -73.3 34.0 -66.6 79.1 -74.0


Constant presence in the Greek and international markets Hospital Line SA was established in Athens in 1993 with a scope to focus on quality products that require intensive promotion and purchasing support, as well as on the particular needs of the hospital market; and these led to the creation of a company that would fulfill the above goals. Hospital Line undertakes the promotion and sale of innovative and high quality medical products. In recent years, Hospital Line expanded its activities to other Balkan countries and today has a presence in Romania, Bulgaria, Serbia, FYROM and Albania, through subsidiaries which have their own domestic staff and operate independently, but always under the direction and control of the Hospital Line. The company distributes surgical products in the following categories: orthopedics, surgical staplers, VAD systems, ultrasonic scissors, haemostasis, RF ablation catheters, biological glues, laparoscopic, endoscopic, electrosurgical, biosynthetic vascular prosthesis, etc. In addition, it offers interventional products in the following categories: interventional radiology disposables, coronary stents, peripheral stents and balloons, electrophysiology catheters, vascular grafts, embolic coils, PTCA balloons, RF ablation catheters, etc. The firm also acts as an agent of drugs for the following conditions: allergy, oncology, rheumatology and contrast media. HOSPITAL LINE SA 2013 Turnover 22,379,486.00 € Profit Before Taxes 3,629,919.00 € Gross Profit 11,155,008.00 € Net worth 14,464,398.00 € Liabilities 17,145,397.00 €

2014 22,750,481.00 € 5,681,835.00 € 11,420,275.00 € 15,482,805.00 € 15,538,317.00 €

Change (%) 1.66 56.53 2.38 7.04 -9.37


CLOTHING Commercial

Apostolos Vakakis

Turnover 454.276.468


Contact Details

Diamonds 271


Finance Commercial


Managing total assets of 1.37 billion euros

Turnover 10,677,830.00 €

NBG Asset Management MFMC belongs to the group of companies of the National Bank of Greece. The firm was established in 1972 on the initiative of ETEBA - now merged with National Bank of Greece - in cooperation with Deutsche Bank, creating the leading company in Greece’s fund management industry. In 1973, NBG Asset Management created the DELOS brand name for mutual funds, with the initial offering to the investment public named “DELOS BALANCED”. The company currently manages 19 DELOS mutual funds, the N.P. Insurance New Posidon Balanced Fund, two exchange traded funds (ETFs) domiciled in Greece, and three NBG funds SICAV domiciled in Luxembourg. The mutual funds of NBG Asset Management MFMC cover a wide range of investment categories (Equity, Bond, Balanced, Money Market, Fund of Funds, Structured and ETFs) in Greece and international markets. The wide range of investment products provides great flexibility to investors who wish to build their personal investment plan according to their investment profile and investment objectives through mutual fund portfolios with a high degree of diversification. In addition to mutual fund management, NBG Asset Management offers Discretionary Portfolio Management Investment Services, Advisory Services and Administration and Safekeeping of UCITS units. NBG Asset Management MFMC is authorized in Greece and regulated by the Hellenic Capital Market Commission ( The company’s mutual funds are distributed through the National Bank of Greece, National Insurance and authorized agents. The total assets under management at the end of 2015 was 1.37 billion euros, and the total number of clients serviced by NBG Asset Management were in excess of 45,000, including 83 institutional investors. In 2015, the company reported a 17.3% drop in revenue (from commissions), to 12.72 million euros compared to 15.38 million euros a year earlier. Pre-tax income dropped slightly to 5.0 million euros against 5.9 million euros in 2014. Net profits also fell to 3.4 million euros, or by 760,000 euros yearon-year.

PROFIT BEFORE TAXES 5,903,365.00 €

Contact Details Contact Details 103-105 Syngrou Ave, Athens, 11745, Greece Tel.: +30 210 9007400 Fax: +30 210 90 07499 Website:

272 Diamonds

NBG ASSET MANAGEMENT M.F.M.C. 2013 2014 Turnover 14,772,760.00 € 10,677,830.00 € Profit Before Taxes 6,326,021.00 € 5,903,365.00 € Gross Profit 8,157,393.00 € 5,903,365.00 € Net worth 5,055,055.00 € 29,095,731.00 € Liabilities 41,438,596.00 € 6,715,184.00 €

Change (%) -27.7 -6.7 -27.6 475.6 -83.8




Trading over 35.000 tons each year

Pantelis Panteliadis, President of BoD

OPTIMA’s history dates back to 1974, when Pantelis Panteliadis and his wife Ourania, operating from a modest office in the Athens tower, began the story of this successful, Greek family business. In 1978, OPTIMA launched an office in Thessaloniki to assist its expansion, via representatives, to every single region in the country. Optima switched to SA company status in 1981. The enterprise continued to grow and, in 1982, set up sales departments and distribution centers in northern Greece and Crete. The company has since enjoyed consistent growth. In 1997, the EPIROS cheese company was taken over by OPTIMA. The move marked the beginning of a new era of growth and recognition for Greek traditional cheese products worldwide. Since 2008, the company’s warehouses have been located at a state-of-the-art facility occupying 4,500 square meters in Inofyta, an industrial area north of Athens. OPTIMA is one of the largest distributors of cheese products in Greece, selling over 35,000 tons each year. OPTIMA’s distribution network covers most of mainland Greece, reaching over 2,000 points of sale. OPTIMA’s fleet of delivery vehicles is comprised of 16 company-owned refrigerated trucks with a total capacity of 130 tons. In order to better organize and monitor its fleet, the company has installed a telematics fleet management system for route and temperature control. The company’s warehouses in Athens and Thessaloniki manage over 140 products. The list is constantly renewed with new additions to meet contemporary nutrition trends and developing market needs. Optima’s headquarters are based at a company-owned building in Metamorphosis, a few kilometers from the center of Athens.

Turnover 103,558,079.00 €

PROFIT BEFORE TAXES 5,767,433.00 €

Contact Details 1 Sorou St., 144 51 Metamorfosis, Athens, Greece Tel: +30 210 2893400 Fax: +30 210 2845937 E-mail: Website:

OPTIMA SA 2013 Turnover 104,598,778.00 € Profit Before Taxes 4,032,449.00 € Gross Profit 13,213,923.00 € Net worth 23,368,177.00 € Liabilities 24,794,291.00 €

2014 103,558,079.00 € 5,767,433.00 € 13,471,923.00 € 27,823,158.00 € 22,090,141.00 €

Change (%) -0.99 43.03 1.95 19.06 -10.91

Diamonds 273




Modern and innovative technologies applied

Turnover 14,405,550.00 €

Environmental Engineering S.A. is a Greek construction company, founded in 1993. Its main field of activity is the delivery of turn-key projects in wastewater and potable water treatment and manufacturing of specific equipment for such plants. The main areas of its activities are sewage treatment plants, industrial wastewater treatment plants, potable water treatment plants, landfill sites, vacuum sewer systems and industrial slaughterhouses (public - private). In addition, the company manufactures equipment for the above projects. Today, Environmental Engineering S.A. is among the leading companies in the Greek market in its field of activities and is well known for the quality and efficiency of its projects. The company is also a member of the international organizations Water Environment Federation (WEF - US) and Germany’s Abwassertechnische Vereinigung (ATV). The company is also active in design, installation, construction and maintenance. In the designing faculty, the company designs complete wastewater treatment plants as constructed installations that are simple to manage and maintain. As for installation work, the company’s team consists of experienced professionals with extensive government contract experience and long tenures in the environmental industry. Company staff also possesses extensive know-how in the operation of all equipment related to environmental industry, under real conditions. The company takes full accountability and responsibility for entire projects. Apart from design, installation and construction, Environmental Engineering is also active in maintenance, performed by highly experienced personnel. Company infrastructure includes privately-owned facilities (offices, warehouse and an outdoor storage area). Environmental Engineering delivers comprehensive design services for most water and wastewater projects. The company is backed by all needed equipment, hardware and specialized software for project design preparation and equipment for construction projects, such as trucks and vans, personnel carriers, cranes of different sizes, construction cranes, excavators, small loaders and rollers, as well as equipment for plumbing and electrical work. The company also possesses necessary laboratory equipment for monitoring operations and projects.

PROFIT BEFORE TAXES 5,670,731.00 €

Contact Details 33 Voulgari St., Thessaloniki, Greece Tel: +30 (2310) 30.24.24 Fax: +30 (2310) 33.06.30 E-mail: Website:

274 Diamonds

ENVIRONMENTAL ENGINEERING SA 2013 2014 Turnover 11,621,410.00 € 14,405,550.00 € Profit Before Taxes 3,801,501.00 € 5,670,731.00 € Gross Profit 3,428,811.00 € 5,767,546.00 € Net worth 9,593,827.00 € 13,278,268.00 € Liabilities 3,872,774.00 € 4,167,207.00 €

Change (%) 24.0 49.2 68.21 38.4 7.6




Global food industry giant

Turnover 215,478,160.00 €

PROFIT BEFORE TAXES 5,536,563.00 €

MONDELEZ HELLAS SA is part of the Mondelēz International corporate group. Mondelēz International, Inc. (NASDAQ: MDLZ) is a strong global brand in the snacks sector, as highlighted by its turnover figure of $35 billion in 2013. It operates in 165 countries. Mondelēz International markets chocolate, biscuits, chewing gum, candy, coffee and powdered drinks, and branded products worth billions of dollars, such as Cadbury, chocolate Cadbury Dairy Milk and Milka, Jacobs coffee, LU, Nabisco and Oreo biscuits, Tang powdered drinks and Trident gum. Mondelēz International is included in the Standard and Poor’s 500, NASDAQ 100 and Dow Jones Sustainability lists. In Europe, the international group (Mondelēz Europe) operates in five main categories: biscuits, cheese & food, chocolate, coffee, chewing gum and candy, marketing 25 branded products for over 100 years. Its strongest performing brands are Milka, Cadbury, Côte d’Or, Toblerone chocolate, LU, Oreo, Belvita biscuits, Trident and Halls chewing gum and candy, Tassimo, Carte Noire, Jacobs and Kenco coffees, as well as Philadelphia cheese. Mondelēz sells products in 33 countries around the continent, including Albania, Austria, Belgium, Bulgaria, Bosnia, Croatia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, the Former Yugoslav Republic of Macedonia (FYROM), Montenegro, the Netherlands, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland and the UK. In Greece, the company’s local subsidiary sells Lacta and Pavlidis chocolates, Pavlidis couverture chocolate, Kiss, wafer 3BIT, Merenda, Gioconda chocolates, Philadelphia cream cheese, Kraft mayonnaise and ketchup, OREO cookies, Pavlidis biscuits, JACOBS filter coffee, JACOBS Espresso, Maxwell Housecoffee, TASSIMO beverages, Lacta and Cadbury chocolate drink, Fonzies savory snacks, Trident and Dentyne chewing gum, Halls candies, and Bubbaloo bubble gum. Significantly, the Pavlidis chocolate factory has produced the country’s favorite chocolates for over 170 years, becoming an integral part of Greece’s social fabric. It continues to operate from its original production base, as an updated facility (135 Pireos St.), close to the center of Athens, where it began operating in 1840. Over the past three decades, the company has also produced its newer Lacta milk chocolate brand.

Contact Details 19-21 Aristotelous St., 144 51, Metamorfosi, Attica, Greece Tel.: +30 210 2889000 Fax: +30 210 2851430 Website:

MONDELEZ HELLAS SA 2013 2014 Turnover 215,368,650.00 € 215,478,160.00 € Profit Before Taxes 4,885,380.00 € 5,536,563.00 € Gross Profit 60,007,152.00 € 60,664,755.00 € Net worth 28,947,051.00 € 32,815,488.00 € Liabilities 74,882,461.00 € 68,685,254.00 €

Change (%) 0.05 13.33 -1.10 13.36 -8.28

Diamonds 275


COSMETICS Commercial


Enjoying Greeks’ respect for 85 years

Turnover 55,276,956.00 €

PROFIT BEFORE TAXES 5,501,734.00 €

Contact Details 2 Ag. Nektariou St., 153 44 Gerakas, Attica, Greece Tel.: +30 210 6600000 FAX: +30 210 6612344 E-mail: Website:

276 Diamonds

Beiersdorf is a company that carries the title of the inventor of modern skin care, as its products have been identified with the daily care of people in dozens of countries, including Greece. Their brands are familiar to millions of consumers. The renowned Nivea, Liposan, Hansaplast, Atrix, Duo, Lions have long ago won a permanent place in the cupboards and shelves of all Greeks. Nivea has been established in the market for more than a century. One of Beiersdorf’s feature, which allowed it to dominate every market, is the development of products focusing on local characteristics and needs of consumers. The success has been the result of a combination of innovative products and strong brands, based on experience in research and development. Beiersdorf Hellas is headquartered in Gerakas, Attica and employs a staff of about 110; it is just one of more than 150 subsidiary cosmetics companies of Hamburg-based Beiersdorf AG. For more than 130 years, the company’s primary concern has been to meet the needs of its customers. Beiersdorf’s Nivea trademark, well-known in Greece since 1930, is the number one skin care product in the world, in addition to Eucerin, La Prairie, Liposan, 8x4 and Hansaplast. Its tesa SE subsidiary is one of the largest global producers of self-adhesive products and systems for industry, craft businesses and consumers. “The experience, courage, perseverance and creativity are qualities that characterize a good researcher,” asserts Dr. Horst Wenck, head of Beiersdorf Front End Innovation. “Considering the fact that knowledge of the natural sciences is doubling up at least every eight years, we now know 5,000 times more than people did 100 years ago. This is reflected upon the enormous growth of the knowledge gained by Beiersdorf on the biology of the skin and the basic biological, chemical and physical principles of optimum skin treatment, and eventually upon the increase of pioneering products and materials, which have skyrocketed since the mid-1990s,” Mr Wenck adds. The research efforts of the multidisciplinary team, consisting of biological anthropologists, cell biologists, molecular biologists, immunologists and biochemists at the Hamburg-based research center are also looking into the special needs of different types of skin and age groups. Their research aimed at discovering new active substances that help the skin in metabolic processes as naturally as possible. To achieve this goal, the team uses the latest biochemical, molecular, biological and physical analytical methods and collaborate with a global network of academic, institutional and industrial partners from the fields of research and science. In 2014, the company’s Greek sales inched up to 55.28 million euros against 55.03 million euros a year earlier. Pre-tax income rose to 5.5 million euros compared to 3.8 million euros in 2013. BEIERSDORF HELLAS SA 2013 2014 Turnover 55,030,687.00 € 55,276,956.00 € Profit Before Taxes 3,767,561.00 € 5,501,734.00 € Gross Profit 35,565,722.00 € 35,320,260.00 € Net worth 19,912,114.00 € 22,075,796.00 € Liabilities 14,279,931.00 € 12,329,108.00 €

Change (%) 0.45 46.03 -0.69 10.87 -13.66


CHEMICALS Industrial


One of the largest industries in the country

Makis Provatas, Chief Executive Officers

Turnover 43,347,495.00 €

Vivechrom was founded in 1932 by Stefanos Diamantis Pateras and other members of a renowned shipping family for the purpose of manufacturing, processing, importing, exporting and trading all kinds of coatings, paints and plastics, based at the company’s first plant in Nikea, a district in the port-city Piraeus area. Vivechrom nowadays ranks is one of the largest industries in the country. The company built a new factory in the capital’s Mandra area on a 100-acre plot of land, where production was transferred. In 1972, Vivechrom changed its legal company status to an SA company with a capital amount of 55 million drachmas. In 1990, Vivechrom acquired international status by becoming a member Nobel Industries, one of the largest paint manufacturers in Europe, and Chemagra, representing a group of international investors. The same year Nobel Industries merged with Azko SA, the Dutch giant chemical and created Akzonbel, the largest paint company in the world and one of the largest industries in the global chemicals industry. Today Vivechrom is an active member of Akzonbel. As a market leader, it has continued developing with a modern organizational structure, dynamic management team, and a significant workforce of 213 people. The company boasts the largest and most effective distribution network with more than 2,000 sales points, serving the entire Greek mainland and the islands. The company develops innovative products and improves existing brands not only based on market trends and customer expectations but also within the framework of its policies concerning quality, environment, health and safety. Vivechrom markets ecological paints, wall paints, trim paints, metalcare, woodcare and special paints and thinners. Vivechrom has established a Quality, Environment, Health & Safety Directorate concerning quality, the environment and occupational health and safety. The company applies ISO 9001, ISO 14001 and OHSAS 18001 management systems.

PROFIT BEFORE TAXES 5,454,700.00 €

Contact Details Vathi Piigadi, 196 00 Mandra, Attica, Greece Tel.: +30 210 5538700 FAX: +30 210 5550464 Email: Website:

VIVECHROM SA 2013 Turnover 44,759,817.00 € Profit Before Taxes 6,728,567.00 € Gross Profit 17,048,189.00 € Net worth 18,339,407.00 € Liabilities 16,921,905.00 €

2014 43,347,495.00 € 5,454,700.00 € 15,774,501.00 € 18,184,381.00 € 13,454,563.00 €

Change (%) -3.16 -18,93 -7.47 -0.85 -20.49

Diamonds 277


Beverages Industrial

Olympic Brewery SA

Greek DNA with International Footprint

Alexandros Karafylidis, Chief Executive Officer

Contact Details 59, Elaion Str., 145 64, Nea Kifisia, Attica, Greece Tel.: +30 210 6675200 Fax: +30 210 6675297 E-mail: Website:

278 Diamonds

Olympic Brewery, part of Carlsberg Group, is a strong business scheme with Greek DNA and international footprint. The company is present in 40 countries in all 5 continents. Olympic Brewery has two privately owned plants, located in the areas of Sindos and Ritsona, with a capacity of 2,2 million hl on an annual basis. In its premises, the company produces the famous beer brands Mythos, Mythos Radler, FIX, FIX Dark, FIX Royal, Kaiser and Henninger. At the same time, the brewery provides the Greek consumer with a wide range of flavors, by importing and distributing internationally acknowledged brands, such as: the Danish Carlsberg, the


Mexican Corona Extra, the Irish Diageo’s brands Guinness and Kilkenny, the Belgian Grimbergen, the Bavarian weissbier Schneider Weisse, the Irish cider Magners and the sparkling cider Somersby in two flavors: apple and blackberry. In addition, Olympic Brewery produces and distributes the top beverage brands Tuborg Club Soda and Tuborg Tonic Water, in the Greek market whilst it recently enriched its portfolio by launching Tuborg Lemon Soda. Aiming at optimally serving the customers at a national level, the company has a wide network of 90.000 different points of sale, counting more than 2.000 partners and suppliers. The company strategically focuses on innovation, the development of its human resources and the modernization of its equipment. Always aligned with the potential and perspectives of the Greek entrepreneurship, Olympic Brewery is implementing a solid 5-year investment plan, amounting to EUR 50 million over the period 2015 – 2019.

Diamonds 279



Turnover Turnover

76,377,000.00 47.332.454 €


Contact Details 18-20 Sorou St., 151 25 Marousi, Attica, Greece Τel: +30 210 2806000 Fax: +30 210 2806099 E-mail: Website:


Adding new stores in spite of the economic crisis INTERSPORT ATHLETICS is mainly active in wholesale and retail trade, imports, exports, manufacturing and processing of all types of clothing, underwear, and sportswear. In Greece, the company is a fully owned subsidiary of Fourlis SA, and on a global scale, is part of the INTERPSPORT chain based in Bern, Switzerland, whose network comprises 5,400 retail outlets in 42 countries. Furthermore, INTERSPORT ATHLETICS is active in Cyprus, Romania, Bulgaria, and Turkey through subsidiary firms. INTERSPORT ATHLETICS (CYPRUS) LTD, an operation based in Cyprus, is fully controlled by the parent company and maintains four outlets. In Greece, INTERSPORT ATHLETICS operates 48 stores. In spite of the effects of the economic crisis in Greece, the firm was in a position to continued its growth path. In 2014, it went ahead with its investment plans, adding five new stores to its network. Also, through its subsidiaries, the firm operates 28 branches in Romania, 22 in Turkey, 5 in Bulgaria and 4 in Cyprus. Another major investment has led to the launch of a new logistic center that offers automated storage and order execution systems. In 2015, the company reported a 5.6% rise in sales to 129.2 million euros against 122.4 million euros a year earlier. Fourth quarter 2015 sales were up 4.6% year-on-year, in the five countries where Intersport is active. EBITDA in 2015 inched up to 10.9 million euros compared to 10.8 million euros in 2014, while pre-tax earnings dropped to 2.8 million euros against 4.3 million euros a year earlier. INTERSPORT ATHLETICS SA 2013 2014 Turnover 71,838,000.00 € 76,377,000.00 € Profit Before Taxes 3,809,000.00 € 5,319,000.00 € Gross Profit 31,152,000.00 € 33,912,000.00 € Net worth 35,458,000.00 € 39,370,000.00 € Liabilities 37,720,000.00 € 56,144,000.00 €

Change (%) 6.3 39.6 8.9 11.0 48.8



Paramount safety cars Volvo Cars, based in Gothenburg, Sweden, is one of the world’s leading premium car manufacturers. It employs a staff of more than 20,000 and has manufacturing facilities in Sweden, Belgium, China and Malaysia. Vehicles sales expand to more than 100 countries around the world, represented in each country by National Sales Companies, with a network of totaling some 2,300 authorized dealers.


In Greece, Volvo Cars is represented by Volvo Car Hellas SA, which is takes care of the firm’s strategic marketing, sales, network development and education, as well as service and after-sales service. CEO of the company is Mr. John Petoulis.


Volvo customers in Greece are served by an extensive network of authorized distributors with modern shows of new passenger cars and sales departments with corresponding parts and integrated service, spare parts and accessories. In addition, a wide variety of shops are available to customers, such as specialist workshop, body shop, paint shop, all staffed by skillful and highly trained personnel.

96.956.097 47.332.454 € 38,265,576.00


Contact Details 19 Andrea Papandreou Str., 151 24 Marousi, Attica, Greece Tel: +30 210 57 94 900 Fax: +30 210 57 94 904 E-mail: Website:

280 Diamonds

VOLVO CAR HELLAS SA 2013 2014 Turnover 32,530,568.00 € 38,265,576.00 € Profit Before Taxes 2,802,672.00 € 5,299,892.00 € Gross Profit 7,804,666.00 € 9,578,796.00 € Net worth 7,688,873.00 € 11,726,213.00 € Liabilities 5,595,367.00 € 6,593,330.00 €

Change (%) 17.63 89.10 22.73 52.51 17.84


Chemical Products Industrial

Alchimica SA

Worldwide presence

Chris Krimizis Tsatsoulis Turnover 2015 31,367,000.00 €

ALCHIMICA SA is a dynamic company specializing in the development and production of chemicals for the building industry as well as other industries. For over 30 years, ALCHIMICA has successfully provided products and services to architects, engineers, home builders, contractors and building owners worldwide. Its one and two-part polyurethane systems have a proven track record of high performance in numerous prestigious construction works around the world. ALCHIMICA is a company with a strong tradition in innovation, investing heavily in research and development and constantly striving for new levels of excellence. This enables it to continuously introduce new technologies to the global market and, as a result, open up new opportunities, not only for the company, but also for its partners and distributors. Slowly but with determination over three decades, Alchimica succeeded in establishing a worldwide reputation strongly linked with quality, innovation, technical leadership and moral values. Alchimica’s product portfolio is vast and continuously increasing, in line with the industry’s needs. All Alchimica products are based on proprietary technology and knowledge offering the company a great advantage as far as flexibility and economics are concerned. Company products are applied to a range of projects from drinking water reservoirs, huge water desalinization plants, bridges, irrigation channels, hydroelectric plants, airports, and train tunnels to simple home roofing. Alchimica’s best-selling export item, “Hyperdesmo”, has become a staple for projects in the industry worldwide. The company’s R&D department is strong and includes ten chemists and chemical engineers, including three PhDs. The R & D department has high standard well equipped labs and pilot reactors, enabling continuous new product development. The company’s state-of-the-art production and logistic facilities, its well located plants, and strong distribution network all combine to substantially increase its level of competiveness. In 2015, the firm’s total turnover increased by 19.05% to reach 31.36 million euros from 26.34 million euros in 2014.

PROFIT BEFORE TAXES 2015 6,590,000.00 €

Contact Details 13 Oryzomylon St, 122 44, Egaleo, Athens Tel.: +30 210 5443971 Fax: +30 210 5619287 E-mail: Website:

Alchimica S.A. 2014 Turnover 26,347,000.00 € Profit Before Taxes 5,266,000.00 € Gross Profit 7,778,000.00 € Net Worth 3,925,000.00 € Liabilities 11,338,000.00 €

2015 31,367,000.00 € 6,590,000.00 € 9,560,000.00 € 8,567,000.00 € 8,787,000.00 €

Change (%) 19,05 25,14 22.91 118,27 -22,50

Diamonds 281


Pharmaceutical Products Industrial


“52 years of value creation in the pharmaceutical industry. A story worth telling”

Turnover 2015 49,200,000.00 €

PROFIT BEFORE TAXES 2015 5,200,000.00 € 14th klm National Road 1, 145 64 Κifissia, Attica, Greece Τel: +30 210 8072512 Fax: +30 210 8078907 Website:

282 Diamonds

O.F.E.T., the Tsetis Group of Pharmaceutical Companies, comprises two complimentary, dynamic companies, UNI-PHARMA S.A. and INTERMED S.A. that share parallel objectives, yet with a different focus. Kleon Tsetis, a pharmacist with a vision to strengthen the position of Greek companies in the pharmaceutical industry, established Uni-Pharma in 1967 with the mission of improving the Quality of Life of our fellow men by facilitating Access to Treatment with Innovative, High-Quality and cost-efficient Pharmaceutical Products. Since its establishment, UNI-PHARMA has been researching, developing, manufacturing and marketing pharmaceuticals of the highest quality, covering all major therapeutic categories, with innovation highlights such as APOTEL® and SALOSPIR® as well as technological challenges such as T4®. INTERMED S.A. was founded in 1996 sharing the same mission, but with a clear focus on daily wellness needs. By introducing innovative cosmeceutical and pharmaceutical best-selling brands such as CHLORHEXIL®, EVA®, and UNISEPT®, INTERMED follows the trail blazed by UNI-PHARMA in developing, manufacturing and marketing high quality consumer health products that cover all major health care segments (Oral, Dermocosmetic, Gyneocological, Pediatric, Nutritional etc), complementing UNI-PHARMA in its contribution to the improvement of Quality of Life of our fellow men. The vision of Uni-Pharma is to be leader in the constantly changing pharmaceutical environment, by providing high quality products for the benefit of its customers. We are committed to attracting, developing and training the most qualified people in the pharmaceutical industry. Uni-Pharma seeks for partnerships with pharmaceutical industries as well as with Academic Institutions, in order to strengthen its presence in new therapeutic areas and enter in high growth markets. Since its foundation, 52 years ago, Uni-Pharma has grown from a small privately held company into a large and dynamic company, which currently holds the first position in unit sales among compa-


nies in the Greek pharmaceutical market. Uni-Pharma researches, develops, manufactures, markets and distributes pharmaceuticals, nutritional products and medical devices. Uni-Pharma›s dynamic growth is based on investments in research and development, as well as on a working style, designed to develop staff skills and to encourage individual contribution and creativity. The production capacity exceeds 21 million pieces annually, making UNI-PHARMA the first Greek company in unit sales in the Greek market. Uni-Pharma’s prime objective is to ensure long-term growth solely through its own resources, develop its technological capabilities and become independent of external resources. To achieve this objective, the company strives to ensure a balanced and steady development of its human and technological resources. Uni-Pharma’s main goal is to achieve the entrance in new markets by producing innovative products. Uni-Pharma’s new state of the art industrial plant in Attica is the largest investment materialized in the Greek pharmaceutical field during the last 2 years. The new facilities are a model for bioclimatic application, orientated towards the complete exploitation of climatic conditions for its function while reducing all energy consuming process, in full harmonization with the natural environment. Global Reach Today’s markets are globalized and UNI-PHARMA could not but rise up to the challenge. Through undaunted efforts, UNI-PHARMA’s reach today extends to five continents and 35 countries, leveraging on growth opportunities around the globe. UNI-PHARMA exports high technology products under its own brands, creating value and contributing to the great National effort of re-shaping the character of the Greek economy. Excellence, forever Awards and Recognitions. Throughout the years Uni-Pharma has been awarded by numerous institutions both nationally and internationally for either its products or innovative business practices and procedures. Indicatively we mention the following: Uni-Pharma has been chosen and rewarded in the category of ‘The most Admired enterprises’ in 2015 by the Active Business Publishing for the ‘Diamonds of the Greek Economy 2015’ institution. Uni-pharma has been accredited with the International Certification EFQM Recognised for Excellence - 5 stars. After eight consecutive years that the company applies the EFQM Excellence Model, UNI-PHARMA S.A has managed to combine business development with continuous improvement of business processes in key functional areas and to keep heaving the bar of excellence higher every time. UNI-PHARMA S.A. received the “Professional Solutions in Healthcare Award” after a successful nomination for a Laureate Diploma by the organizers of the most prestigious networking event for the global Pharmaceutical Industry, CPhI. This distinction highlights the undaunted efforts of the historical Greek Pharmaceutical Industry, for externalization and uninterrupted growth on a global scale. The jury committee of “ΔΟΜΕΣ ” International Review of architecture awarded Uni-pharma with the Distinction of Best Project of the years 2011-2015 for the new manufacturing facilities in the area of Kifissia.

UNI-PHARMA 2015 2014 € millions € millions Turnover 49,2 41,5 Ebitda 8,8 8,0 Non Current Assets 80,0 73,0

2013 Av.Growth € millions % 39,2 11,6% 6,5 16,5% 56,6 19,3%

Diamonds 283




Driven by corporate social responsibility

Turnover 102,024,421.00 €

Janssen is part of the Johnson & Johnson group of companies, one of the most comprehensive healthcare companies in the world. In Greece, Janssen began as a scientific company in 1973 and today it has evolved into one of the country’s largest pharmaceutical companies. Janssen is exclusively orientated to providing innovative and high quality products to improve human life. With its main concern the pharmaceutical research, Janssen discovers, develops and markets innovative drugs in six main therapeutic areas: 1. Oncology (multiple myeloma, prostate cancer). 2. Hematology (chronic lymphocytic leukemia, mantle cell lymphoma). 3. Immunology (psoriasis, psoriatic arthritis). 4. Neuroscience (schizophrenia, dementia, pain). 5. Infectious diseases (HIV/AIDS, Hepatitis C, tuberculosis). 6. Cardiovascular system and metabolic diseases (diabetes). Janssen has been implementing Corporate Social Responsibility principles for all of its actions and activities related to employees, partners, suppliers, shareholders, customers, patients associations and the wider community. The company’s goal is to teach, offer and emphasize the importance of health for the creation of a secure and prosperous future for all. Janssen’s long-term success is the result of a constant value system, as described in “Our Credo,” which for 70 years has been creating a strong bond, highlighting and describing the company’s responsibility towards customers, employees, shareholders and the community in which it operates and grows. In 2015, Janssen Hellas was awarded for its social and environmental activities by the Corporate Responsibility Institute (CRI). The Bronze CRI Award was given to Janssen by the institute for its performance in implementing responsible practices based on the National Corporate Responsibility Index (CR Index).

PROFIT BEFORE TAXES 5,195,715.00 €

Contact Details 56 Irenis Avenue, 151 21, Pefki, Attica, Greece Tel.: +30 210 8090000 Fax: +30 210 6140072 Website:

284 Diamonds

JANSSEN PHARMACEUTICAL SACI 2013 2014 Turnover 99,613,081.00 € 102,024,421.00 € Profit Before Taxes 13,520,223.00 € 5,195,715.00 € Gross Profit 34,776,837.00 € 31,580,671.00 € Net worth 83,657,583.00 € 86,835,552.00 € Liabilities 29,324,284.00 € 37,133,077.00 €

Change (%) 2.4 -61.6 -9.2 3.8 26.6



Turnover Turnover

47.332.454 93,491,680.00 €


Contact Details 112 Vouliagmenis Ave., 166 74 Glyfada, Attica, Greece Tel.: +30 210 8930800 Fax: +30 210 9690070 Website:


Among Greece’s largest sporting items companies The adidas Group is a global leader in the sporting goods industry, offering a broad portfolio of footwear, apparel and hardware for sport and lifestyle around the core brands adidas, Reebok, TaylorMade and Reebok-CCM Hockey. Headquartered in Herzogenaurach/Germany and employing more than 53,000 people in over 160 countries, we produce more than 660 million product units every year and generated sales of € 14.5 billion in 2014. At the adidas Group, our love for sport drives who we are and what we do. Every day. But just as a ball is more than leather and thread, and a shoe more than padding and plastic, we are bigger than our products. We don’t just work to create faster shoes and lighter fabrics: We strive to help athletes everywhere perform their best. We believe that it’s hard work inventing the future of sport, and that’s why we love it. When you push your limits, you make it possible for others to push theirs. We’re all working toward a future motivated by passion, original thinking, and the desire to build upon a proud legacy.

ADIDAS HELLAS SA 2013 Turnover 103,248,376.00 € Profit Before Taxes 6,280,394.00 € Gross Profit 35,983,264.00 € Net worth 10,724,040.00 € Liabilities 91,955,294.00 €

2014 93,491,680.00 € 5,457,053.00 € 22,853,663.00 € 16,181,093.00 € 58,605,798.00 €

Change (%) -9.45 -13.11 -36.49 50.89 -36.27


Remaining steady amidst tough market conditions


Halyps Building Materials SA is a company operating in cement activity under the brand name “Halyps Cement,” as well as in aggregates activity under the brand name “Halyps Quarries” and in the concrete activity under the brand name “Et Beton”. It runs three production plants serving the wider Athens region. Halyps Building Materials SA has established a subsidiary, Eurotech Cement SH.P.K., in Durres, Albania, which operates a Cement Terminal. The parent company, Italcementi Group, a leading European cement producer and the world’s third largest, has consistently made significant investments in Greece with the aim of increasing capacity and efficiency, improving product quality and working conditions for employees, as well as adequately protecting the environment from the impact of its activities. Italcementi Group’s activities in Greece are motivated by its corporate values and identity, as well as the company’s 70-year presence in the country’s cement and building materials market. In spite of the lack of liquidity as a result of capital controls in Greece and the financial crisis hitting the country since 2009, Halyps Building Materials has successfully managed to secure its assets and the continuity of its operations. However, even though the volumes of cement sold have dropped compared to previous years due to the decelerating pace of the construction sector, the company managed to maintain its level of margin. The firm’s net sales dropped by -13.2%, while the decrease of its operating income was limited to -3.6% considering also some sale of Co2 in 2014 that did not occur in 2015. Net losses in 2015 dropped to 5.4 million euros against 6.5 million euros a year earlier.

Apostolos Vakakis

Turnover 454.276.468

Turnover PROFIT BEFORE TAXES Turnover 28,752,336.00 € 96.956.097 47.332.454


Contact Details Aspropyrgos, Attica, Greece Tel: +30 210 5518100 Fax: +30 210 5570881 E-mail: Website: 7th km Athens-Korinthos National Road, 19300

HALYPS BUILDING MATERIALS SA 2013 2014 Turnover 23,775,880.00 € 28,752,336.00 € Profit Before Taxes 5,531,721.00 € 5,455,957.00 € Gross Profit -1,438,925.00 € 189,944.00 € Net worth 66,998,621.00 € 72,454,578.00 € Liabilities 19,914,328.00 € 21,897,016.00 €

Change (%) 20.9 -1.4 8.1 10.0

Diamonds 285


Miscellaneous Commercial


A global giant

Manolis Tzatzimakis, General Manager


The roots of the firm’s successful course hail back to 1991, at a fashion show in Paris, where the owner of Luxottica requested to meet Greek entrepreneur Stratos Tzamtzikakis, who was informed of Luxottica’s plans to launch a subsidiary firm in Greece, with or without a business partner. The Cretan entrepreneur immediately took a firm hold of the opportunity and the venture was named Luxottica Hellas. Tzamtzikakis’ partner in the venture eventually withdrew. Luxottica Hellas markets sunglasses and reading glasses manufactured at the Luxottica plant, as well as sunglasses by celebrated firms, including Byblos, Yves Saint Lauren, and Bvlgari, Giorgio Armani, Emporio Armani, Prada, Prada Linea Rossa, Miu Miu, Dolce & Gabbana, Persol, Burberry, Oakley, Vogue και Ray-Ban. The parent company was founded in 1961 by Leonardo Del Vecchio in Agordo, Italy. These days, the company’s headquarters are located in Milan. Luxottica Group SpA is the world’s largest eyewear company, controlling over 80% of the world’s major eyewear brands. Its best known brands are RayBan, Persol and Oakley. It also makes sunglasses and prescription frames for a multitude of designer brands such as Chanel and Prada, whose designs and trademarks are used under license. Luxottica also makes sunglasses branded as Giorgio Armani, Burberry, Stella McCartney, Versace, Vogue, Miu Miu, Tory Burch, and Donna Karan. Nowadays the company has presence across 150 countries with more than 7000 retail stores, 18 distribution centers and 12 manufacturing facilities. In 2014 the Group’s manufacturing facilities produced a combined total of approximately 83 million units, the majority of them were from the manufacturing facilities of Italy and China & India. In 2015, the group reported a rise in total sales in Europe, to 1.62 billion euros, against 1.50 billion euros a year earlier. On a consolidated basis, the group saw its sales jump 17% to 9.01 billion euros year-on-year. The group’s net income in 2015 rose 9.5% to 854 million euros compared 687 million euros a year earlier.

26,484,141.00 €

PROFIT BEFORE TAXES 5,065,430.00 €

Contact Details 3 Anthousas Ave, 153 51, Pallini, Attica, Greece Tel: +30 2106669300 FAΧ: +30 2106669301

286 Diamonds

LUXOTTICA HELLAS SA 2013 2014 Turnover 25,902,338.00 € 26,484,141.00 € Profit Before Taxes 4,032,569.00 € 5,065,430.00 € Gross Profit 9,284,460.00 € 9,600,395.00 € Net worth 2,527,919.00 € 2,493,191.00 € Liabilities 8,710,123.00 € 8,278,804.00 €

Change (%) 2,2 25,6 3,4 -1,4 -5,0



Turnover 57,493,000.00 €

PROFIT BEFORE TAXES 5,040,000.00 €

Contact Details Thessi Tzima, 194 00 Koropi, Attica, Greece Tel.: +30 210 6680000 FAX: +30 210 6626583 E-mail: Website:

FOOD Industrial

Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 99,381,687.00 €

Major European flexible packaging manufacturer FLEXOPACK SA was founded in 1979, in Koropi, southeast of Athens. Initially a family-owned business, the company, listed on the Athens Stock Exchange in 1996, is a major European flexible packaging manufacturer offering a great variety of products, with special emphasis in co-extrusion of barrier and non-barrier films. The company has a strong technical base in extrusion, bag-making, and printing. FLEXOPACK’s primary market is the food industry. Other markets include the printing/conversion industry, personal care, medical, and agribusiness packaging. All products are tailored to match the customers’ specific processing needs and the exact requirements for packaged good. The firm’s product range includes a variety of co-extruded structures up to 9-layers, which can fulfill the requirements of the most demanding packaging machines. All these structures are available to the printing and lamination conversion industry, offering a unique choice of oxygen, aroma/ odor and water barriers. Additionally, a large selection of non-barrier, 3-layer polyethylene films, using the most advanced technology and resins, is offered for high quality printing and/or lamination. The polyethylene range also includes a wide selection of shrink films addressing the growing demand for multi-packs (bottles, cans, or packs of carton) and a variety of films for personal care, tissue and sanitary products. State-of-the-art 6 and 8-color flexographic printing, greatly enhances packaging presentation and consumer appeal. In 2015, the firm reported a rise in sales to 62.27 million euros against 57.49 million euros a year earlier. Pre-tax income also rose to 6.58 million euros compared to 5.04 million euros in 2014. FLEXOPACK SA 2013 Turnover 54,207,000.00 € Profit Before Taxes 4,467,000.00 € Gross Profit 9,491,000.00 € Net worth 44,371,000.00 € Liabilities 27,579,000.00 €

2014 57,493,000.00 € 5,040,000.00 € 10,459,000.00 € 47,116,000.00 € 27,816,000.00 €

Change (%) 6.06 12.83 10.20 6.19 0.86


Introduced salty snacks to Greek market Tasty Foods was launched in 1973 in Athens as a general food company, but quickly expanded its activities in the fast-growing food industry’s savory snacks sector, introducing the well-known Tasty Chips brand. In 1987, Tasty Foods joined forces with Frito Lay International, which belongs to the group of PepsiCo, and ranks as the largest producer of salty snacks worldwide. Tasty Foods-PepsiCo nowadays ranks as one of the leading companies in the Greece market’s savory snacks sector with a portfolio that includes well-known and successful brands, such as Lay’s, Cheetos, Ruffles, Doritos, Tasty Naturals, and Quaker. The company employs a staff of 755 and is headquartered in Agios Stefanos, on the eastern outskirts of Athens, where its facility is equipped with sophisticated production and distribution systems. The company also maintains offices in Thessaloniki to support sales in northern Greece.

Contact Details TAXES PROFIT BEFORE 4,980,595.00 €

Contact Details Athens-Lamia national highway 22km, 145 65 Agios Stefanos, Attica, Greece Tel: +30 210 6298000 Fax: +30 210 6218100 Email: -Website:

TASTY FOODS SA 2013 2014 Turnover 105,565,857.00 € 99,381,687.00 € Profit Before Taxes 6,651,545.00 € 4,980,595.00 € Gross Profit 48,787,180.00 € 151,074,962.00 € Net worth 22,254,375.00 € 25,719,328.00 € Liabilities 40,589,103.00 € 24,621,486.00 €

Change (%) -5.86 -25.12 209.66 15.57 -39.34

Diamonds 287


Constructions Industrial


Building the Future

Turnover 382,243,000.00 €

PROFIT BEFORE TAXES 4,961,000.00 €

Contact Details 16 Amarousiou-Halandriou St., 151 25, Marousi, Greece Tel.: +30 210 6375000 Fax: +30 210 6104380 E-mail: Website:

288 Diamonds

J&P-AVAX Group is one of the largest construction Groups in Greece. The group’s activities in all aspects of construction projects, civil engineering, building, hydraulic, port and road works, electromechanical, energy and industrial, pipeline networks and natural gas, the import of technical know-how from abroad, the exports to other countries, helped it to achieve international recognition and to become a serious and accountable partner in co-operations with international institutions and the largest construction companies internationally. A considerable part of the Group’s activities are concession contracts and projects in other countries. The following companies belong to the Group: ETETH S.A., ATHENA S.A., PROET S.A., ERGONET S.A., J&P Development S.A., ELVIEX S.A.,E-CONSTRUCTION S.A., AUTECO (J&P AVAX IKTEO S.A.), TASK J&P AVAX S.A., ILIOFANEIA S.A., VOLTERRA S.A., TERRA FIRMA, ANEMA, C-PRO, ENERGIAKI KYKLADON and AKINITA EVIAS. More specifically, the Group includes companies that hold 7th, 6th, 4th and 3rd grade certificates for Public Works, along with companies active in complementary activities such as Real Estate, Prefabrication, Vehicles Inspection Centers, Construction – Management and Operation of Parking Areas, Facilities Management, E-commerce, Management of Projects and Contracts, Wood Impregnation, Operation of Renewable Energy Recourses, Development of Wind and Solar parks, etc. In 2016, the firm announced that it formed a joint venture with Italy’s Bonatti SpA, and singed a contract with Trans Adriatic Pipeline (TAP AG), for the design and construction (EPC) of a 360km-long land pipeline in northern Greece. The Group employs highly specialized professionals in order to expand its business to new activities, such as the management of co-financed projects, environmental activities and strategic holdings in other companies. A unique characteristic of the group is adhesion to its basic principles, which revolve around human needs, and serve aesthetics and efficiency. In all of its activities, J&P AVAX applies international management systems for Quality, Safety and Environment, which are certified by ISO 9001:2000, OSHSAS 18001 and ISO 14001 certificates, respectively. In 2015, J&P-AVAX reported a 3.4% drop in sales to 500.3 million euros, against 518.1 million euros a year earlier (2013: 410.7 million euros). Gross profit on a consolidated level eased to 41.5 million euros compared to 54.7 million euros in 2014. On a pretax basis, the Group recorded a loss of 31.4 million euros, dropping from a loss of 55.1 million euros recorded a year earlier, as extraordinary losses were substantially lower in 2015 compared to 2014. At parent company level, turnover in 2015 eased marginally to 380.3 million euros against 382.2 million euros in 2014; however, gross profit fell disproportionately to 60.3 million euros in 2015 compared to 79.7 million euros a year earlier, as the cost of sales increased to 320.0 million euros in 2015 against 302.5 million euros in 2014. J&P - ΑVAX SΑ 2013 2014 Turnover 267,752,000.00 € 382,243,000.00 € Profit Before Taxes -18,119,000.00 € 4,961,000.00 € Gross Profit 14,497,000.00 € 79,731,000.00 € Net worth 348,359,000.00 € 364,980,000.00 € Liabilities 860,447,000.00 € 1,042,966,000.00 €

Change (%) 42.8 450.0 4.8 21.2





Offering services of exceptional quality With origins in Group Catair, Newrest was founded in 1996 by its co-CEOs Olivier Sadran and Jonathan Stent-Torriani in Toulouse, France. Just under two decades later, Newrest stands as a global leader in multi-sector catering and operates in 49 countries with a workforce of more than 28,000 employees. Newrest is the only major catering company active in all catering and related hospitality segments, including airline catering, buy-on-board, duty-free on board, rail catering, concession retail, contract catering, remote sites and support services. In Greece, the company is based at the Athens International Airport. In 2014, the firm reported total turnover of nearly 1.39 billion euros.

37,506,279.00 €

PROFIT BEFORE TAXES 4,946,562.00 €

Contact Details Athens International Airport, Building 14A, 19019 Spata, Attica, Greece Tel.: + 30 210 3541150 FAX: + 30 210 3545114 E-mail: Website:

NEWREST HELLAS SA 2013 2014 Turnover 31,501,438.00 € 37,506,279.00 € Profit Before Taxes 3,016,608.00 € 4,946,562.00 € Gross Profit 11,872,084.00 € 14,932,128.00 € Net worth 9,117,118.00 € 9,145,038.00 € Liabilities 12,083,135.00 € 15,274,007.00 €

Change (%) 19.06 63.98 25.78 0.31 26.41

NOSILEFTIKI SA Medical Services Industrial

Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 44,994,867.00 €

PROFIT BEFORE TAXES Contact Details 4,788,772.00 € Contact Details Panorama, 55236, Thessaloniki Tel.: +30 2310 380000 Fax: +30 2310 341828 Website:

Recording high profitability in 2014 St. Luke’s Hospital is a 278-bed private medical institution, situated in the beautiful area of Panorama, Thessaloniki. It was built with funds from the USA and belongs to AMG International, a non-for-profit organization, headquartered in Chattanooga, Tennessee. St. Luke’s Hospital is a general hospital covering almost all medical and surgical specialties. Even since the first days of its operation, the hospital was privileged to include among its staff some of the best doctors of Thessaloniki and, more generally, of Northern Greece. Medical and nursing care are of the highest standard. All the departments have state-of-the-art equipment, constantly upgraded in order to keep up with the latest medical technology advances. The Hospital accepts patients covered by all public medical insurance organizations and has special contracts with private medical insurance companies. St. Luke’s Hospital has been certified in accordance with international standards: EN ISO 9001:2008, for all of its services and EN ISO 22000:2005 for food safety by TUV AUSTRIA HELLAS.​The hospital has the following departments: medical, intensive care unit, cardiac surgery, dialysis unit, surgical, physical medicine and rehabilitation unit, bariatric surgery and endocrinology. Also it has a department for special training purposes, laboratories, outpatient clinic and other special departments. Regarding the services, the hospital offers Administration services, Parking, Patient Rooms, Ambulances, Canteen and Dining Room.

NOSILEFTIKI SA 2013 Turnover 40,088,499.00 € Profit Before Taxes 838,273.00 € Gross Profit 4,838,966.00 € Net worth 5,562,703.00 € Liabilities 58,561,450.00 €

2014 44,994,867.00 € 4,788,772.00 € 8,692,349.00 € 10,351,475.00 € 53,517,162.00 €

Change (%) 12.2 471.3 79.63 86.1 -8.6

Diamonds 289


Pharmaceuticals Industrial

ELPEN Pharmaceutical Co. Inc.

Constant research and development for the good of mankind

Theodoros Tryfon, Vice President

Turnover 113.949.055,00 €

PROFIT BEFORE TAXES 4.903.868,00 €

Contact Details 95, Marathonos avenue, 19009, Pikermi – Attica, Greece Tel: +30 210 6039326-9 Fax: +30 210 6039300 E-mail: Website:

290 Diamonds

Elpen the pioneering Greek pharmaceutical company has marked a 50-year course of significant progress. It remains steadily dedicated to excellent quality and to the research of novel therapies. The vision of its Founder Mr.Dimitrios Pentafragas is served by Elpen, thusly implementing as a primary criterion to its strategic choices and decision, the motto: Caring For Mankind. Within this context, the company has invested well over 7% of its turnover in research programs, while maintaining since 1996 Greece’s largest research center of Applied Biomedical Research, while also being one of the largest such centers in Europe! Elpen enjoys a significant presence in all the basic therapeutic categories with medicaments of extremely high safety and therapeutic efficacy. The company holds a leading position in the medical sectors of Cardiology and Pneumonology, ranking presently as the 6th pharmaceutical company in the country, among over 400 companies presently active in Greece, both domestic and multinationals. The development of novel drugs constitutes a primary criterion for Elpen’s strategic choices. It is for this reason that the company constantly invests in state-of-the-art pharmaceutical technology, thus leading the way for novel, high-quality drugs and significant therapeutic value. A significant ‘fruit’ resulting from this research endeavor is represented by the novel, patented, dry powder inhaler Elpenhaler®, a device conceived and invented by the company’s Founder and Chairman, Mr.Dimitrios Pentafragas, a device which has been approved in 27 European countries with worldwide patent approval in more than 100 countries! Elpenhaler® is acknowledged as an extremely effective therapeutic weapon in the fight against lung diseases such as asthma and COPD. The quality of its robust construction and its user-friendly functionality certify to its durability during the extensive clinical trials it has undergone up until today. The development of the novel dry powder inhaler Elpenhaler® led to a significant, pioneering, worldwide decision in favor of Elpen- it is the first pharmaceutical company to have ever received European marketing approval of a generic fixed-dose combination inhaler. The sector of inhaled drugs ranks among the most difficult to receive approval, with drug administration is attained by means of the Elpenhaler® dry powder inhaler device.


Elpen attributes a significant importance to extroversion thus, constantly reinforcing exports activities of pharmaceuticals bearing its brand name. With exports of 30 pharmaceutical products in 27 European countries and 60 countries worldwide, it already constitutes a recognizable presence in Europe, Asia, and Africa. Furthermore, there are future ambitious plans underway with the objective to expand its powerful presence in the world markets. Since 2012, Elpen has established a subsidiary in Germany, Elpen Pharma GmbH, a company which has already won the respect and trust of German doctors. The manufacturing know-how and the high quality of Elpen pharmaceutical products have led to the establishment of long-term business collaborations with international pharmaceutical companies aimed at the manufacturing of products in its state-of the art facilities, and the supply of medical training and promotion services. Contributing to our fellow man and society at large, are concepts which represent a perennial compass in the progress of Elpen. This has been practically proven over many years by means of the company’s significant activities in a multitude of Corporate Social Responsibility projects. The company recently sponsored the Greek Anticancer Society in the way of offering free nationwide mammograms for women belonging to vulnerable social groups. This project is testament to the sincerity and seriousness with which Elpen regards its Social Responsibility, an act motivated by neither marketing nor business strategies, granted that Elpen is not a manufacturer nor vendor of oncology medicaments. Elpen, the pioneering Greek pharmaceutical company actively supports the nation’s economy and employment sectors, creating values which contribute to Development. It is characteristic that during the bleak times of crisis and extreme economic insecurity, the Elpen Group of Companies has managed to reinforce its human resources sector by supporting a staff of 900 employees. Moreover, it has aimed at promoting a people-centric working environment while functioning as a model European company. ELPEN Pharmaceutical Co. Inc. 2013 2014 Turnover 112.408.171,00 € 113.949.055,00 € Profit Before Taxes 14.106.500,00 € 4.903.868,00 € Gross Profit 56.559.217,00 € 63.055.685,00 € Net worth 50.556.073,00 € 37.402.030,00 € Liabilities 96.584.705,00 € 81.870.770,00 €

Change (%) 1,4 -65,2 11,5 -26,0 -15,2

Diamonds 291


Food - Dairy Products Industrial


Greek yogurt available in 40 countries around the world

Turnover 182,612,000.00 €


FAGE’s story begins in 1926 with a first dairy shop in Athens, Greece which became known for its delicious, creamy, one-of-a-kind yogurt. This dairy shop was established by the Athanassios Filippou family, the grandfather of FAGE’s current CEO and Chairman of the Board. In 1954, under the guidance of his father and FAGE founder Athanassios, Ioannis Filippou helped create the first wholesale distribution network for yogurt in Greece. By 1964, Ioannis and his brother Kyriakos opened the company’s first yogurt production facility in the Athens suburb of Galatsi. Nowadays, FAGE is a leading international dairy company with a focus on yogurt, holding the leading market position in the Greek yogurt market. FAGE manufactures, distributes and sells a wide range of dairy products, including yogurt, dairy desserts, milk, cream and cheese. The company has three facilities in Greece that serve all of the markets outside of the Americas and have the capacity to expand their production to accommodate expected increases in demand in the United Kingdom, Italy, Germany and other international markets. It also owns distribution units in the United Kingdom, Italy and Germany and a comprehensive distribution network in Greece. FAGE products are distributed to approximately 280 supermarket chains, with approximately 75,000 retail outlets in over 40 countries, primarily in the United States and throughout Europe. They are also sold to bakeries, confectionaries, dairy stores and other convenience stores. FAGE’s workforce of some 1000 qualified full-time employees puts its own personal mark on every stage of the production process. FAGE has a significant and constantly increasing presence in the US yogurt market, with growing international sales also outside of the United States. The company’s US facility, located in Johnstown, New York commenced commercial production in April 2008 and is among the largest of the facilities in terms of production capacity as it manufactures yogurt products for the US market and the rest of the Americas. In 2016, the firm decided to leave the milk market and focus exclusively on the yogurt sector, in order to meet the needs arising primarily in foreign markets, given that foreign sales in 2015 accounted for as much as 82.4 pct of its total sales. In 2015, the group posted an increase in sales to 162.79 million euros, compared to 158.58 million euros a year earlier. Gross profit almost doubled to 11.6 million euros against 6.32 million euros in 2014. In 2015, the firm’s total staff numbered just under 700 employees.

4,931,000.00 €

Contact Details 35 Ermou St., 14452, Metamorfosi, Attica, Greece Τel: +30 210 2892555 Fax: +30 210 2828386 Email: Website:

292 Diamonds

FAGE DAIRY INDUSTRY S.A. 2013 2014 Turnover 171,308,000.00 € 182,612,000.00 € Profit Before Taxes -12,980,000.00 € 4,931,000.00 € Gross Profit 43,044,000.00 € 59,062,000.00 € Net worth 160,442,000.00 € 158,937,000.00 € Liabilities 41,622,000.00 € 42,655,000.00 €

Change (%) 6.6 37.2 -0.9 2.5


Pharmaceuticals Commercial

Μenarini Hellas SA

25 years of successful presence in the Greek market

Turnover 48,123,439.00 €

PROFIT BEFORE TAXES 4,759,879.00 €

Contact Details 7 A. Dambergi St. & Konstantinoupoleos St., 10445, Athens, Attica, Greece Tel.: +30 2108316111 Fax: +30 2108317343 Email: Website:

Menarini, the international pharmaceutical group which operates in the Greek pharmaceutical and diagnostic equipment market, this year celebrated its 25th anniversary of activity in Greece. The objective of the Greek subsidiary is to be a reliable and highly efficient company in the import of high-quality pharmaceutical products, at the same time exhibiting high social responsibility and sensitivity. The group is Italy’s largest one in the specific sector, with a presence in more than 100 countries. According to IMS statistics (2014), Menarini ranks in 17th place in Europe among 5,389 companies, and 37th in the world among 19,992 companies. In 2014 it reported sales of 3.29 billion euros, of which 71.3% accounted for international activities outside of Italy. According to 2014 data, the group employs 16,457 staff members, of which 700 are employed in R&D. The group’s history goes back to 1886, in Naples, where its started operation as a small workshop under the name Farmacia Internazionale. In 1915, its headquarters were moved to Florence, still based there to the present day. In 1978, the group embarked on a series of mergers with other major Italian companies in the sector, and this cycle has been continued with the aim to clobalize and enter partnerships in R&D. So, in 1992, Menarini acquired Berlin-chemie and in 2011 entered Asian counties through the acquisition of Invida. The group has three research centers in Italy, one in Spain and one in Germany. Also in 2003 it inaugurated a biotechnology center with a full research program for products and the capability of development and production in the biotechnology field. Menarini has a worldwide force of 14 production facilities - in 2014 production reached a total of 530 million boxes. In Greece, the international pharmaceutical group began its activity in 1989 by acquiring a 70-pct stake in Damvergis SA, a traditional pharmaceutical firm that operated since 1935. In 1996, Menarini fully acquired Damvergis SA, renaming its Greek subsidiary to Menarini Hellas SA. Since 1989 to date, the company has introduced to the pharmaceutical market many original pharmaceuticals in major therapeutic categories, with the main ones being hypertension, heart failure, chronic stable angina, allergy, chronic obstructive pulmonary disease, hyperuricemia, migraines, shingles, irritable bowel syndrome, hyperlipidemia and sexual health. The company’s success over the last few years established Menarini Hellas as a dynamic company in the pharmaceutical marketplace, giving it a place among Greece’s 10 largest pharmaceutical companies. In 2014, Menarini Hellas’ performance was better than the market average, with total sales increasing to 48.12 million euros against 46 million euros a year earlier. Profits also grew to 4.75 million euros compared to 4.41 million euros in 2013. Menarini Hellas currently employs a staff of 190. Μenarini Hellas SA 2013 2014 Turnover 46,087,211.00 € 48,123,439.00 € Profit Before Taxes 4,417,464.00 € 4,759,879.00 € Gross Profit 24,505,413.00 € 24,606,817.00 € Net worth 10,364,254.00 € 2,995,501.00 € Liabilities 16,917,789.00 € 14,993,811.00 €

Change (%) 4.4 7.8 0.4 -71.1 -11.4

Diamonds 293


PAPER Industrial


A 100% Greek company with presence in 4 continents

Turnover 112,913,848.00 €

PROFIT BEFORE TAXES 4,755,525.00 €

MEGA Disposables S.A. is today one of the largest manufacturers of disposable hygienic products in Europe. Founded in 1980, it has created a complete range of branded personal hygiene products, which combine excellent quality standards with exceptional skin-friendly properties, based on: State-of-the-art technology, innovative product design with distinct unique selling proposition, pioneering production techniques, constant investments in consumer research and effective marketing support. Investment in research and development by MEGA has been an on-going activity. The company regularly follows the trends in consumer needs, and carefully plans the appropriate product design and technology adjustment actions. Constantly investing in state-of-the-art technology and quality control equipment, but also in experienced personnel, MEGA encompasses today a valuable combination of modern technology and excellent know-how in its field. MEGA owns a privately-owned plant of 63.000m2, equipped with state-of-the-art production machinery and quality control equipment. The company markets the following products: Sanitary Napkins, Pantyliners, Wet Wipes, Baby Diapers, Incontinence and cotton products. Top quality standards and innovative product design have formed a basis of trust for the company’s partnerships abroad, leading several multinational companies in Europe to entrust the production of their branded products to MEGA DISPOSABLES. The company holds approximately 80% of personal hygiene private label in Greece, having built uninterrupted partnerships with all major retailers in Greece ever since 1980. Retailers who have entrusted their own brands production to MEGA include: Marinopoulos, Alfa-Beta Vassilopoulos (Delhaize le Lion), Sklavenitis, Spar Veropoulos, PENTE (Galaxias), Massoutis, Makro (METRO Group) and ELOMAS Purchasing Group. MEGA DISPOSABLES began its export activities in the 1990s. Since then, the company has continuously expanded its export network to include partnerships in 4 continents. The export network is based on exclusive distribution agreements and partnerships with some of the major companies operating in the respective markets. The firm in 2014 posted higher financial results for yet another year, with sales jumping 21% to 113 million euros compared to 92 million euros a year earlier. Pre-tax earnings also rose to 4.7 million euros against 3.6 million euros in 2013.

Contact Details 148 Dekelias St., 136 78 Aharnes, Attica, Greece Tel.: +30 210 2419800 Fax: +30 210 2419818 E-mail: Website:

294 Diamonds

MEGA DISPOSABLES SA 2013 2014 Turnover 92,015,628.00 € 112,913,848.00 € Profit Before Taxes 3,641,936.00 € 4,755,525.00 € Gross Profit 32,159,196.00 € 38,762,943.00 € Net worth 22,868,136.00 € 24,512,998.00 € Liabilities 35,199,794.00 € 52,190,585.00 €

Change (%) 22.71 30.58 20.53 7.19 48.27


ARITI SA Medical Equipment Commercial

Turnover 28,282,862.00 €

PROFIT BEFORE TAXES 4,752,267.00 €

Contact Details 52 Tatoiou Ave., 13677, Acharnes, Attica, Greece Tel.: +30 210 8002650 Fax: +30 210 6207503 E-mail: Website:


Apostolos Vakakis

Turnover 454.276.468


Providing modern solutions to renal patients around Greece The company Ariti was founded in 1985 and represents medical-technology and pharmaceutical products for more than 30 years. Its dynamic course in the healthcare sector is based on three main features: (a) highly trained personnel; (b) innovative and high-quality products; and, (c) excellent cooperation with Medical and Nursing staff in hospitals. The company operates mainly in the Division of Nephrology (Hemodialysis, peritoneal dialysis), and in the areas of Urology, General Surgery, Intensive Care, Orthopaedic and Pharma. It is also active in the segment of refrigerators and freezers for storage of biological products. The company’s main customers are public hospitals and private clinics. The company-owned facilities in Athens cover a total floor space of 10,000 sq.m., including offices and central warehouse. The Thessaloniki-based facilities occupy a surface area of 4,600 ​​ sqm in buildings (offices & warehouses). Product distribution is made ​​by its own transport means. Ariti in recent years established four Private Dialysis Clinics, providing high quality and reliable health services to renal patients. Two of the Dialysis Centers are located in Athens, one in Thessaloniki and one in Pella (northern & central Greece), all equipped with the highest technology dialysis equipment. The firm currently employs a staff of 85. In2014, the firm reported a 3.8% rise in sales to 28.28 million euros against 27.25 million euros a year earlier. Pre-tax income rose slightly to 4.75 million euros compared to 4.48 million euros in 2014. ARITI SA 2013 Turnover 27,251,335.00 € Profit Before Taxes 4,482,709.00 € Gross Profit 13,734,883.00 € Net worth 12,619,169.00 € Liabilities 50,819,014.00 €

2014 28,282,862.00 € 4,752,267.00 € 14,026,017.00 € 16,039,414.00 € 49,025,263.00 €

Change (%) 3.8 6.0 2.1 27.1 -3.5


Operating two production plants Danais SA was established in 1979 with the purpose of producing canned apricots and peaches in different grades and packaging options (1/2 kg, 1kg, 3kg, 5kg, 200-liter aseptic drums), as well as apricot and peach puree. The company has two modern industrial units. The first, located by the 10th km of the old Argos-Tripoli national highway, is focused on the company’s apricot-related production. The second plant, located by the 4th km of Skydra–Aridea road handles the company’s peach-related production. Despite a decline in sales in 2014, the company managed to report a greater profit. Total turnover fell to 25.96 million euros compared to 28.75 million euros a year earlier. Pre-tax income rose to 4.72 million euros against 3.26 million euros in 2013.

96.956.097 25,957,125.00 €

PROFIT BEFORE TAXES Contact Details 4,715,516.00 € Contact Details Mili Argos212 00 Argos, Argolida, Greece Tel: +30 27510 47550 Fax: +30 27510 47170 E-mail: Website:

DANAIS S.A. 2013 Turnover 28,752,314.00 € Profit Before Taxes 3,257,504.00 € Gross Profit 4,942,518.00 € Net worth 17,008,984.00 € Liabilities 6,183,985.00 €

2014 25,957,125.00 € 4,715,516.00 € 6,040,079.00 € 14,905,471.00 € 11,763,095.00 €

Change (%) -9.72 44.76 22.21 -12.37 90.22

Diamonds 295




Exports accounting for 85% of sales ASPIS was founded in 1970 as a family-owned company, with its primary mission being to offer total customer satisfaction by always providing excellent product quality and service. Today, 46 years and two generations later, these values continue to be the firm’s basis for growth and success, placing it among the biggest Greece-based producers of fruit juice concentrates. In the early 1980s, the company embarked on a program to boost its share in both the domestic and foreign markets. Its strong sales campaign soon resulted in ASPIS supplying raw materials to the fruit juice industry throughout Europe, the Middle East and South America. Today, company exports account for as much as 85% of sales. Owing to its market differentiation, Aspis has made it a top priority to handle each client individually. To maintain this priority on a long-term basis, the firm places special emphasis on always meeting customers’ personal expectations and supplying products specifically created to fulfill their requirements. The firm remains adamant on its vision to offer products of higher nutritional value as it places special emphasis on consumer health matters. Therefore it attaches great importance on observing the highest production standards with the use of the latest technology. Such standards are observed both the pre- and post-production process. In addition, the company always shares its know-how with producers and suppliers of raw materials, aiming at high quality, sustainability and environmental protection. In today’s globalized market, the firm continues to grow by constantly re-evaluating its position in both developed and developing countries, securing lasting partnerships and a common future for everyone.

Turnover 39,061,205.00 €

PROFIT BEFORE TAXES 4,732,653.00 €

Contact Details 4th km Argos-Korinthos National Highway, 212 00 Argos, Argolida, Greece Tel: +30 27510 28000 Fax: +30 27510 66022 E-mail: Website:

296 Diamonds

ASPIS SA HELLENIC JUICE INDUSTRY 2013 2014 Turnover 31,388,739.00 € 39,061,205.00 € Profit Before Taxes 4,756,603.00 € 4,732,653.00 € Gross Profit 7,965,679.00 € 7,482,764.00 € Net worth 45,869,918.00 € 52,043,196.00 € Liabilities 7,783,578.00 € 9,229,586.00 €

Change (%) 24.44 -0.50 -6.06 13.46 18.58


Food Products Industrial

Konstantopoulos SA – “OLYMP”

Exporting 95% of production to 50 countries

Turnover 34,793,172.00 €

Konstantopoulos SA - “OLYMP”, a successful and established firm in processing, standardizing and packaging of various olive types, has been active since 1956. The firm markets olives and olive oil. Olives are divided into the following categories: Kalamon, Chalkidiki, Amfisis, Naupliou, Damaskinoelia and Thassou. Each olive category comes in different types of processing, with the main products made available in different packaging options. The founders of Konstantopoulos “OLYMP” - Mr. Leonidas Konstantopoulos and Mr. Prokopis Konstantopoulos - are the main shareholders of the company. The firm’s headquarters and production facilities are located on the 3rd km of the Katerini-Larissa highway, northern Greece, on a privately-owned 70,000-square meter plot of land, with buildings covering a floor space of over 12,000 sq. m. The company’s annual output and storage capacity is 13,000 MT of olives. Olives are stored and fermented in big tanks of 16,000 Lt. When ready, olives are processed according to customer needs. There are whole, pitted, stuffed, sliced and marinated olives. In order to preserve safety and ensure healthy products, Konstantopoulos SA has developed Risk Management Systems and has been certified by IFS (International Food Standards) and by HAACP. Obtained since January 2004, the IFS certification reveals the company’s effort in maintaining high quality. On July 2006, the firm was certified by HACCP system (CODEX ALIMENTARIUS), another system that certifies the high quality and safety of production lines. Additionally, the wellequipped and qualified Quality Control Department takes systematic action to ensure that regulations are observed carefully. The company always invests in advanced technologies and building constructions. Konstantopoulos Olymp is primarily an export company, with export sales accounting for more than 95 pct of its turnover. The company exports goods to more than 50 countries, in Central and Northern Europe, United States, Canada and Australia, while its olives are also sold in Arabic countries and the Caribbean. The firm in 2014 reported higher financial results, with turnover rising to 34.7 million euros compared to 32.6 million euros in 2013. Pre-tax earnings also rose to 4.6 million euros against 3.5 million euros a year earlier.

PROFIT BEFORE TAXES 4,677,366.00 €

Contact Details 3rd km Katerini-Larisa National Road, 60100, Katerini, Greece Τel.: +30 23510 47000 Fax: +30 23510 37748 E-mail: Website:

Konstantopoulos SA – “OLYMP” 2013 2014 Turnover 32,674,981.00 € 34,793,172.00 € Profit Before Taxes 3,516,352.00 € 4,677,366.00 € Gross Profit 7,720,654.00 € 7,959,982.00 € Net worth 19,424,546.00 € 20,206,550.00 € Liabilities 10,737,153.00 € 12,022,200.00 €

Change (%) 6.5 33.0 3.1 4.0 12.0

Diamonds 297


BEVERAGES Industrial


A firm founded in 1888!

Turnover 26,055,167.00 €

METAXA has a long and proud history, whose roots can be traced back to over 5,000 years ago when ancient Greeks first developed the idea of wine production. The firm was founded in 1888 in the port-city Piraeus and began attaining success soon after. Several years later, the firm began exporting, which soon started winning it a series of awards, distinctions, medals and tributes from around the world. The demand for METAXA soared and transatlantic activities became an everincreasing component of the firm’s export trade. In 1915, METAXA won the Grand Prix award at the International Exhibition of San Francisco, a distinction that was included on its bottle label. Nowadays, METAXA is part of the Remy Cointreau group and has been established among the top 50 spirit brands in the world. METAXA distributes its beverages to 110 countries all over the world, and overall, its products are sold to 130 countries. Some of METAXA’S products are: Five-star Metaxa, which lies at the heart of the Metaxa family. It comes in a bottle whose design was inspired by ancient Greek architecture, while its spirit captures the warmth of the sun. Aged for up to five years, this blend’s characteristically smooth and aged fruity taste perfectly complements its dark honey color, making this product an indispensible classic. The seven-star Metaxa is a very sophisticated member of the METAXA family. Its bottle is inspired by ancient Greek vases, or Amphorae, which were used to carry wines and spirits. It is aged for up to seven years, giving METAXA 7* a spirit of distinction, with a golden color and a full-bodied, raisininflected sweet taste. A self-confident spirit, METAXA Grand Olympian Reserve is a luxurious addition to the METAXA family. At a glance, its classically styled bottle bears witness to the richness of the Greek heritage to which it proudly belongs. The twelve stars on the label are a reminder that this smooth blend of METAXA contains distillates aged for up to 12 years. Its dark honey color and the hint of vanilla in its aroma are complemented by a full-bodied, woody taste. This mature spirit offers an elegant, assured and authentically Greek moment!

PROFIT BEFORE TAXES 4,658,636.00 €

Contact Details 6 Andrea Metaxa St., 145 64 Kifissia, Attica, Greece Tel +30 2106207100 Fax +30 2108073886 Website:

298 Diamonds

S. & E. & A. METAXAS SA 2013 2014 Turnover 21,693,152.00 € 26,055,167.00 € Profit Before Taxes 4,424,496.00 € 4,658,636.00 € Gross Profit 7,962,493.00 € 9,544,006.00 € Net worth 9,884,526.00 € 6,584,943.00 € Liabilities 8,127,786.00 € 10,586,111.00 €

Change (%) 20.11 5.29 19.86 -33.38 30.25




Among the strongest dairy industries

Panagiotis Tsinavos, President & Managing Director

Turnover 77,149,640.00 €


The KRI KRI dairy industry’s roots date back to 1954 when George Tsinavos, the company’s founder, opened a small pastry business in Serres, northern Greece, which produced and distributed ice cream and confectionery products around the town. Back in those days, ice cream was sold by roving hawkers equipped with handcarts that used ice and salt for cooling. Kri Kri ice creams, especially “cassata”, a unique ice cream made of sheep’s milk for an extremely rich taste, gradually began gaining popularity beyond Serres. The ’80s and ’90s defined the company’s subsequent course. In 1987, the company constructed a new factory that also led to the production of yogurt made of fresh sheep and cow milk collected from the Serres area. In the mid-90s, Kri Kri set up a branch in the Athens area, a move that bolstered its distribution network for nationwide market coverage Nowadays, with Panagiotis Tsinavos as president and managing director, the company’s products, ice cream, yogurt and fresh milk, are distributed extensively to both supermarkets and smaller retail outlets. Kri Kri also exports to more than 10 countries. The company’s headquarters and main production plant are located in Serres. The company holds a majority stake (60%) in a dairy production facility in Iraq’s Kurdish region, which supplies the Middle East market. It also holds a 49.29 percent stake in a facility in Sofia, Bulgaria, currently undergoing liquidation procedures. Kri Kri also operates its own distribution center in Aspropyrgos, on the western outskirts of Athens, used as a launching pad to supply the country’s south. Kri Kri began its exporting activity in 2000 with the aim of developing its presence in both European and international markets. It based its export efforts on two key areas: understanding the unique needs of other countries and offering products of high nutritional value and quality. At present, the company exports the majority of its range of products to 20 countries in Europe, the Balkans and the Middle East. In 2015, KRI‐KRI reported sales of €66.7 million against €62.9 million a year earlier, up 6%. EBITDA amounted to €7.31 million against €6.19 million in 2014. Pre-tax income dropped slightly to €4.2 million against 4.6 million in 2014, while net profit after tax amounted to €3.8 million against €3.5 million in 2014.

4,656,859.00 €

Contact Details 3rd km Serres-Drama National Highway, 62125, Serres, Greece Tel.: +30 23210 68300 Fax: +30 23210 68311 E-mail: Website:

KRI KRI SA 2013 Turnover 68,128,756.00 € Profit Before Taxes 5,344,129.00 € Gross Profit 22,103,142.00 € Net worth 35,487,765.00 € Liabilities 25,313,014.00 €

2014 77,149,640.00 € 4,656,859.00 € 18,173,377.00 € 39,057,161.00 € 31,457,432.00 €

Change (%) 13.2 -12.9 -17.8 10.1 24.3

Diamonds 299



Turnover 12,281,842.00 €

PROFIT BEFORE TAXES 4,641,724.00 €

Contact Details Lefki-Xanthi, 671 00, Xanthi, Greece Tel: +30 25410 27836 Fax: +30 25410 72323 E-mail: Website:

Exporting 85% of production Smirdex SA ranks as one of the leading manufacturers of coated abrasives in southeastern Europe. Located in northern Greece, on a 32,000-sqm land plot with 16,000 sqm of built-up surface, Smirdex has been producing coated abrasives of high quality since 1981. Thanks to continuous efforts for improvement by the firm’s specialized staff, the company has managed to grow and meet its sector’s high demands. The firm recently added a new, technologically advanced production line that has boosted its production capacity to 40,000 sqm per shift. Nowadays, the firm exports to more than 50 countries worldwide, with as much as 85% of production being exported and the remaining 15% sold locally. The firm’s main objective is to satisfy the growing needs of modern professionals, which is why it continuously invests in research and development. The firm remains open to new developments by keeping a close watch on the international market, ensuring manufacturing of high-standard products. Company products are used in the auto, wood, marble, building construction and metal sectors. High standards of quality control throughout the manufacturing process are ensured by sophisticated on-site electronic systems, while finished products are also evaluated, offering the highest quality that meets the industry’s standards. Posting higher financial results in 2014, the firm saw its revenue inch up to 12.28 million euros compared to 11.87 million euros a year earlier. Pre-tax earnings also rose to 4.64 million euros against 4.22 million euros in 2013. SMIRDEX SA 2013 2014 Turnover 11,876,455.00 € Profit Before Taxes 4,229,112.00 € Gross Profit 5,130,938.00 € Net worth 9,743,912.00 € Liabilities 7,487,328.00 €

Change (%) 12,281,842.00 € 4,641,724.00 € 5,459,410.00 € 13,159,091.00 € 1,762,049.00 €

3.41 9.76 6.40 35.05 -76.47


Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 € 37,903,927.00

PROFIT BEFORE TAXES 4,626,502.00 €

Contact Details Chalkidiki 63100, Greece Tel.: + 30 23710 54300 Fax: + 30 23710 54230 Ε- mail: Website:

300 Diamonds

100% export company A family-owned business specializing in olives, DEAS SA is located in the heart of Halkidiki, a northeastern Greece region renowned for its quality green olives. Processing and selling of olives started in the mid 1960s by moderate sales of the family’s own production of olives. Today, Deas is a 100% export company whose production is sold to more than 50 countries around the world. Deas processes all types of olives. The company factory is equipped with technologically advanced equipment that allows for packaging flexibility to suit all products to meet market needs. With constant and rapid expansion over the years, facilities now cover a floor space of more than 8,000 sq. m. Annual production output is currently at 18,000 tons. Production is vertically-integrated, covering the entire process, from olive picking to the final packaged product, either in retail or bulk packaging, for all markets, including the HoReCa sector and supermarkets. The company implements the ISO 9001:2000 quality standard, as well as the ISO:22000 (HACCP) food safety system standard to every aspect of production. Also implemented are the requirements of the BRC (British Retail Consortium), IFS (International Food Safety) systems, Tuv Hellas, Tuv Nord and Bio Hellas. Deas packages various olive types, including: green olives, Kalamata olives, black natural olives, black oxidized olives, bruschettas, spreads & pastes, mixed olives and Mediterranean products. The olive producer in 2014 continued its growth for yet another year. Deas reported a rise in sales to 37.9 million euros compared to 35.9 million euros a year earlier. Pre-tax income jumped to 4.6 million euros against 1.6 million euros in 2013.

DEAS SA 2013 Turnover 35,963,448.00 € Profit Before Taxes 1,684,723.00 € Gross Profit 6,624,789.00 € Net worth 12,691,392.00 € Liabilities 27,600,964.00 €

2014 37,903,927.00 € 4,626,502.00 € 7,253,283.00 € 14,751,945.00 € 24,461,474.00 €

Change (%) 5.40 174.61 9.49 16.24 -11.37




An internationally recognized manufacturer of night vision products

Turnover 26,865,631.00 €

PROFIT BEFORE TAXES 4,630,537.00 €

Contact Details 57 Ioannou Metaxa St., 194 00 Koropi, Attica, Greece Tel: +30 210 6641420 Fax: +30 210 6644093 E-mail: Website:

THEON Sensors was established in 1997 by a group of experienced professionals in the field of electro-optics. The company is located on a privately-owned land plot measuring 4,000 sqm, with facilities covering a floor space of 1,200 sqm, in Koropi, at a close distance to the Athens International Airport, with enough surrounding space for further growth. Headquartered in Athens and with offices in Abu Dhabi and Singapore, as well as a co-production line in Australia, India and soon in Indonesia, and with contracts in 36 countries worldwide, the company has established itself as one of the world’s best electro-optics systems producer for applications in Defense and Security. Product development and manufacturing takes place in-house and the company’s main activities fall under two divisions: Electro-Optics and Micro-Electro-Mechanical Systems (MEMS). While THEON Sensors is the main supplier of Night Vision Equipment to the Greek Army, an international network of customers and partners has also been established. In fact, THEON Sensors supplies its systems to Armed Forces and Police in 12 countries around the world, including six NATO members. In addition, THEON Sensors cooperates with renowned vehicle manufacturers from around the world, supplying Night Vision Driver Viewers for armored vehicles and main battle tanks. The company’s range of products and services includes: night-driver viewers for armored vehicles, modification kits for upgrading night driving periscopes, night-vision weapon sights, night-vision monocular sights, optical and mechanical design and maintenance services. THEON Sensors’ highly skilful personnel accumulate decades of experience in the design, development, manufacture and integration of electro-optic products for defense applications. THEON Sensors has modern development, production and quality control tools to support its production, design and development operations. To accomplish its production goals, the firm utilizes extensive know-how and highly sophisticated advanced optical, mechanical & electronic CAD and simulation software tools. Manufacturing and development operations are supported by a fully equipped machine shop using multi axis CNC centers, a wide range of test stations for detailed measurements of day, night and thermal subassemblies, (e.g. MTF), environmental chambers, wire and die bonders and clean rooms (class 100, 1000, 100,000 ) for assembly and integration of silicon-based micro systems. Carrying on its successful course, the electro-optical systems manufacturing company in 2016 signed a number of new contracts with firms based in the Netherlands, France, India, Cyprus and Brazil, bringing the number of its export countries to 36. In 2014, the company recorded sales of 26,8 million euros compared to 35,8 million euros a year earlier. Net profit rose marginally to 4,6 million euros compared to 4,4 million euros year-on-year, recording higher profitability for the third consecutive year. THEON SENSORS SA 2013 Turnover 35,807,255.00 € Profit Before Taxes 4,454,030.00 € Gross Profit 7,999,683.00 € Net worth 9,065,387.00 € Liabilities 23,802,085.00 €

2014 26,865,631.00 € 4,630,537.00 € 9,241,647.00 € 13,447,643.00 € 16,530,382.00 €

Change (%) -24.97 3.96 15.53 48.34 -30.55

Diamonds 301


ENERGY Commercial


Connecting every corner of Greece through energy HEDNO was established in 2012 after the spin-off of the Distribution Segment of PPC S.A. Today it is a 100% subsidiary of PPC S.A., but organizationally and functionally independent Company. Through the Medium and Low Voltage networks, HEDNO delivers electricity to 7.4 million customers, while the Company manages the High Voltage networks in Attiki and in the Non-Interconnected islands. In terms of number of customers served and the total length of the network lines, 236,000 km-nearly six times the earth΄s perimeter- HEDNO is one of the largest Distribution Companies in the EU.

Nikolaos Chatziargyriou, Chairman & CEO of HEDNO S.A.

Turnover 2.195.826.000,00 €

PROFIT BEFORE TAXES 4.629.000,00 €

Contact Details 20 Perrraivou St. & 5 Kallirrois St., 117 43 Athens, Attica, Greece Tel.: +30 210 9281600 FAX: +30 210 9281698 Ε-mail: Website:

302 Diamonds


HEDNO employs about 7,000 individuals as regular and temporary personnel. Its employees are allocated throughout the country, the have specialized knowledge and they have received high-level training. The fundamental tasks of HEDNO, is to ensure the efficient operation, maintenance and development of the country΄s distribution network, the management of the Non-Interconnected islands electricity systems and to provide non-discriminatory access to the Network, for all energy consumers, dispersed generators and electricity suppliers. The facilitation of the smooth operation of the electricity supply market is HEDNO΄s fundamental mission. The Company΄s main services include: network development, network maintenance and operation, consumption metering, fault restoration, connection of all network users, including consumers and distributed RES (Renewably Energy Sources) and CHP (Combined Heat and Power) and the implementation of all necessary measures for mitigating environmental impacts. As for the Non Interconnected Islands, HEDNO is responsible for the reliable, efficient and safe operation of their electricity systems and for the smooth operation of their electricity markets. The Company΄s vision is to achieve the best possible combination of quality and low cost services, while at the same time achieving a high level of environmental protection. HEDNO΄s strategy is based upon the application of new technologies, termed smart grids, including remote monitoring, automation and control, automatic metering, remote customer services, etc. The Company aims to modernize the network and transform it in to a “Smart System” that continuously optimizes the management of all consumers and producers connected to it. In order to achieve its main objectives, HEDNO emphasizes on innovation, promoting new design, operation and management practices for the electricity distribution network in Greece. It follows actively current research and development activities in Europe by participating in various research projects through European and national partnerships, in fields, like optimal integration of Distributed Energy Resources (both generators and consumers) in to the network, , active network development and operation, exploitation of «big data» available by automatic meters and sensors, etc. Finally HEDNO΄s Corporate Social Responsibility focuses on environment and society. Network upgrades and the implementation of cutting edge solutions, promote RES integration in the network and lead towards increased energy efficiency and the use of more “clean energy”. HEDNO is also actively participating in the protection of flora and fauna with multiple actions, like the use of specific insulation materials for network cables in routes of birds migration.. Supporting vulnerable groups of society and protecting public health, are main priorities for HEDNO΄s CSR strategy. The Company provides financial aid for the prevention of forest fires, participates in the electricity connections of accommodation facilities for vulnerable groups, including refugees, donates materials and supplies to hospitals etc. HEDNO distributes energy to every corner of the country and is committed to deliver enhanced quality at a lower cost, to promote innovation, to protect the environment and to secure a sustainable energy future for Greece.

HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR SA 2013 2014 Change (%) Turnover 1.525.052.000,00 € 2.195.826.000,00 € 43,98 Profit Before Taxes 42.646.000,00 € 4.629.000,00 € -89,15 Gross Profit 31.874.000,00 € 47.455.000,00 € 48,88 Net worth 38.110.000,00 € 28.733.000,00 € -24,61 Liabilities 410.182.000,00 € 430.581.000,00 € 4,97

Diamonds 303


Plastics Industrial

Turnover 43,018,722.00 €



Leader over the past seven decades TUPPERWARE emerged in Greece in 1964 and, three years later, began operating a factory in Thebes. Today, the Thebes factory is one of four operated by the firm in Europe. It is equipped with modern machinery and highly qualified staff. At present, TUPPERWARE products are available in 100 countries around the world, offering products for all needs and cultures. Every two seconds, a Tupperware demonstration is being performed around the world. The products introduced by company founder Earl Tupper revolutionized storage, maintenance and preparation of food and continue to shape modernday lifestyles with modern design and innovative features. In today’s information age, consumers can feel confident about finding Tupperware products easily, thanks to an extensive distribution network covering the whole of Greece. The Tupperware product range can cover the most demanding of consumer needs. New inventions allow Tupperware products to withstand extreme temperatures. Net sales in 2015 dropped 12% to 2.28 billion dollars compared to 2.60 billion dollars a year earlier. European sales amounted to 604 million dollars, the second highest after the Asia Pacific region. Net income also decreased to 185 million dollars, a drop of 13% compared to 214 million dollars in 2014.

4,536,557.00 €

Contact Details 4 Akadimias St., 106 71 Athens, Attica, Greece Tel.: +30 210 3679300 Fax: +30 210 3602193 E-mail: GRcustomercare@Tupperware. com Website:

TUPPERWARE HELLAS SA 2013 2014 Turnover 40,488,326.00 € 43,018,722.00 € Profit Before Taxes 2,672,052.00 € 4,536,557.00 € Gross Profit 13,196,029.00 € 14,106,312.00 € Net worth 5,541,165.00 € 5,707,618.00 € Liabilities 11,500,602.00 € 12,486,615.00 €




Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 € 51,014,793.00

Change (%) 6.2 69.8 6.9 3.0 8.6

Dominant force in the global sailing market Yachting Protection is the leading yacht painting company in Europe with most of its activities carried out in German, Dutch and Italian shipyards. Its head office is located in Greece, but the majority of the company’s workforce is stationed throughout Europe and, occasionally, all over the world. The company employs over 400 experienced workers and, for the past 15 years, has operated as the main painting contractor for Lurssen, Abeking & Ransmussen, Amels and Heesen. Further, the company maintains a more consistent collaboration with the Benetti Group, Heesen, Mondomarine, FIPA and ISA. Besides Europe, Yachting Protection also provides services for repainting works in the Middle East and China. The company’s main activities concern painting and cementing for new ships, refitting and conversion work, repainting, maintenance, surveying and supervision.

PROFIT BEFORE TAXES 4,507,580.00 €

Contact Details 31st km Athens-Lamia National Highway, 190 14 Oropos, Attica, Greece Tel: +30 2295023352-3 Fax: +30 2295023354 E-mail: Website:

304 Diamonds

YACHTING PROTECTION Ltd 2013 2014 Turnover 53,640,858.00 € 51,014,793.00 € Profit Before Taxes 5,501,271.00 € 4,507,580.00 € Gross Profit 15,996,968.00 € 12,075,663.00 € Net worth 4,576,476.00 € 4,598,308.00 € Liabilities 13,204,993.00 € 11,396,875.00 €

Change (%) -4.90 -18.06 -24.51 0.48 -13.69




Greece’s oldest operating organisation

Konstantinos Melachroinos, President and CEO

Turnover 350,864,000.00 €

PROFIT BEFORE TAXES 4,435,000.00 €

Contact Details 1 Apellou St., 101 88 Athens, Attica, Greece Tel.: +30 210 3353777 Website:

Hellenic Post (ELTA) is a group of companies providing modern, high-quality postal services at affordable prices in Greece. It was founded in 1828, almost simultaneously with the foundation of the Greek State, through a presidential decree issued by the Greece’s first governor Ioannis Kapodistrias. Since 1996, Hellenic Post has been operating as a Société Anonyme (ELTA S.A.). ELTA Group comprises ELTA SA and its affiliated companies: ELTA Courier SA and KEK ELTA SA. The Company’s stakeholders are the Greek State, which holds 90% of the its share capital, and EFG Eurobank Ergasias SA (Eurobank) which holds the remaining 10%. ELTA offers postal services, financial, bancassurance services, retail products and courier services. According to the Law “Postal Services, Electronic Communications and Other Provisions”, Hellenic Post is the designated Universal Service Provider and undertakes the obligation of providing universal services until December 31, 2028. The provision of universal services specifies the nature of ELTA as to its position and role in the operation of the postal market in the sense of the commitment towards the State for the provision of universal services of acceptable quality at affordable prices for all citizens. The outcome of this commitment along with the geographical morphology of the Greek territory is the retaining and operation of the largest retail network in the country with over 1,400 contact points. Hellenic Post focuses on satisfying its customers’ needs. It pursues to successfully meet their everchanging needs, promote innovation, develop new products and continuously enrich its services. Its objective is to strengthen the long-term relationship of trust with the millions of customers that the company contacts on a daily basis. In recent years, the company managed to attain all the quality targets set by the Greek Postal Regulator (EETT) and the International Post Corporation (IPC) for the distribution of mail, both domestically and internationally. Hellenic Post invests heavily in developing the skills and capabilities of its personnel aiming at their even more effective response to the new needs (new products, new technologies) in a rapidly changing postal environment. In the direction of the continuing and certified improvement of the professional skills of both employees and executives, ELTA’s Vocational Training Centre (KEK ELTA) has a decisive contribution through the implementation of contemporary training programmes. The development of innovative activities is a strategic goal for ELTA. Environmental protection and contribution to the vision of sustainable development are considered its corporate strategic choices. ELTA supports environmental actions and participates in several international environmental programmes. HELLENIC POST SA 2013 2014 Turnover 364,961,000.00 € 350,864,000.00 € Profit Before Taxes -5,399,000.00 € 4,435,000.00 € Gross Profit 27,526,000.00 € 36,883,000.00 € Net worth 36,685,000.00 € 35,143,000.00 € Liabilities 396,569,000.00 € 398,784,000.00 €

Change (%) -3.86 182.14 33.99 -4.20 0.56

Diamonds 305


Transportation Means Commercial


Among the most reliable car makes Toyota Hellas SA, a firm engaged in the business of importing and distribution of cars, was founded in 1986. From the very first year of its establishment, the firm has pursued a course highlighted by a series of innovative moves that have proved influential in the Greek market. Local market standards changed and the firm managed to capture one of the leading places in the local auto market, as well as the respect of Greek customers. Toyota Hellas SA operates as a subsidiary of Inchcape plc. Toyota Hellas is the national agent for Toyota Motor Corporation in Greece. The Inchcape group, which employs a workforce of over 1,400 persons, is active – internationally and in Greece - in various services related to the automobile field, such as import and distribution of cars, retail sales, rentals, financing and insurance. The company is responsible for the marketing and distribution of the Toyota & Lexus makes in Greece. It is also in charge of the marketing and distribution of original Toyota & Lexus parts used for repair work. Toyota Hellas supports the local network of authorized dealers and repairers of Toyota & Lexus vehicles. Since its foundation, Toyota has been using its Guiding Principles to produce reliable vehicles by employing innovative and high-quality products and services. Toyota Europe places Corporate Social Responsibility as a strategic priority and, as such, places great emphasis on environmental protection, technical training and road safety.

Aris Aravanis, President & CEO

Turnover 145,906,205.00 €

PROFIT BEFORE TAXES 4,398,960.00 €

Contact Details 48 Ethnikis Antistaseos St., Halandri, 152 31, Athens, Greece Tel: +30 210 28 08 508 Fax: E-mail: Website:

306 Diamonds

TOYOTA HELLAS SA 2013 2014 Turnover 115,517,621.00 € 145,906,205.00 € Profit Before Taxes 7,777,817.00 € 4,398,960.00 € Gross Profit 17,545,585.00 € 21,549,266.00 € Net worth 32,599,960.00 € 32,522,180.00 € Liabilities 33,358,511.00 € 39,000,369.00 €

Change (%) 26.3 -43.4 22.8 -0.2 16.9




WORK CAN WORK BETTER The brand character of Xerox in four words We are living at a time of great transition in business, enabled by digitization and a spectacular spread of technology. As a technology company we always ask ourselves whether our clients are satisfied with the business outcome they are seeing. Our point of view is to focus evermore on the work flow, believing that the next frontier for driving real progress will come from improving the work itself. Xerox is uniquely positioned to have this conversation, given that work is a domain that we are associated with. We are experts in work flow, document management and business process across a wide range of industries. This is the same conversation we have been having with our clients since the early inception of our company, when Chester Carlson, the inventor of xerography, had to improve that very basic of business processes which was the way people shared information. We call this conversation “Work can work better”

Vassilis Rabbat, Chief Executive Officer

Turnover 30.212.255,00 €

At Xerox we believe that improving the flow of work is core to helping an organization to work better. Today Xerox encompasses the mindset, the method and the approaches we take to work with our clients, to understand how their businesses work. To unpack and unfold how a process works. To help improve it and to make it better. We are highly innovative but yet very practical. We like to really get into the narrowly details with our clients. “Work Can Work Better” is a point of view that reflects much of what’s on the minds of business decision-makers today. In a world that’s awash in new technology capabilities, there’s growing interest in talking less about technology promises and more about business outcomes.

PROFIT BEFORE TAXES 4.069.131,00 €

Contact Details 127 Syngrou Ave, 11745, Athens, Greece Tel.: +30 210 9307000 Website:

XEROX HELLAS SA 2014 2015 Turnover 30.212.255,00 € 30.382.775,00 € Profit Before Taxes 4.069.131,00 € 5.733.814,00 € Gross Profit 12.806.121,00 € 13.268.076,00 € Net worth 15.098.537,00 € 15.609.121,00 € Liabilities 4.180.673,00 € 5.125.521,00 €

Change (%) 0,6 40,9 3,6 3,4 22,6

Diamonds 307




Vianex - The living history of the Greek pharmaceutical industry VIANEX is one of the largest pharmaceutical companies in Greece, not only compared to other Greek companies, but also to multinationals. After more than 90 years of activity in the pharmaceutical industry, in many ways the Giannakopoulos family could be regarded as a living history of Greek pharmaceutical production.

Dimitris Giannakopoulos Executive Vice-President & Deputy C.E.O.

Turnover 206,889,570.00 €

PROFIT BEFORE TAXES 4,329,899.00 €

Contact Details Tatoiou Street 18th km Athens-Lamia National Road Nea Erythrea, 146 71 Tel.: +30 210 8009111-120 Fax: +30 210 8071573 Email: Website:

308 Diamonds

It all started in 1924, when the first pharmacy opened on Piraeus Street. The first stepping stone towards the creation of Vianex was laid in 1960, when Paul Giannakopoulos founded Pharmagian, an importer of medicinal products from the US and Europe, that began operations across Greece. Pharmagian soon began to represent major international pharmaceutical companies, including Janssen, Roussel and Alcon, and expanded its business abroad. The first major milestone came in 1971, when Paul Giannakopoulos, President and Founder of VIANEX SA, building on the company’s spectacular growth, signed agreements with pharmaceutical companies of international repute, including Merck & Co (USA), Takeda Chemical Industries (Japan), Sigma Tau Industries (Italy), Eli Lilly (USA), which entrusted the company with the production and representation of their products in the Greek market. The company’s industrial activity started in 1977, with the establishment of its first factory, which specialised in the manufacturing of sterile, liquid and semi-solid products and suspensions. In 1983, VIANEX acquired its second factory. This was an innovative, environmentally friendly pharmaceutical plant, which specialises in the manufacture of non-sterile solid forms (tablets, capsules, granules). Two years later, the company boosted its manufacturing activities with the acquisition of its third factory. The third factory is considered one of the largest and most modern manufacturing plants of lyophilised injectables in Europe. It houses separate production lines for sterile injectables (lyophile, solutions, suspensions), a special plant manufacturing cytotoxic gels, and a special R&D laboratory with two pilot lyophilisers where research is carried out into lyophilisation, as part of cooperative research with universities and research organisations. In 1995, its subsidiary VIAN SA was founded to distribute and market well-known non-prescription pharmaceutical products, food supplements, and diagnostic and parapharmaceutical products. In 1997, VIANEX established its headquarters and the distribution centre for its finished products in Varibobi.


In 1999, VIANEX acquired its fourth factory, considered one of the most sophisticated of the few cephalosporin manufacturing plants in Europe. In 2006, the company incorporated Eldrug, a company active in research and development, and in 2011 VIANEX was approved as a supplier by the World Health Organization and UNICEF. 2013 was another important year for the group, which, now led by Dimitris Giannakopoulos, signed an agreement with Eli Lilly for the annual production of 10,000,000 units of vancomycin, 100% of which is exported to China. In 2015, VIAN SA started marketing and distributing Depon, the best-selling analgesic-antipyretic products, following an agreement with Bristol-Myers Squibb. An important fact is the announcement of a new agreement with the pharmaceutical company, MSD, signed in early 2016, renewing, in the best manner possible, 33 years of successful cooperation. Today, VIANEX leads the Greek pharmaceutical industry, with a high-level production capacity and a workforce exceeding 1,100 employees. Its activities involve all aspects of pharmaceutical production and marketing, and it constantly upgrades the range of its services to the market. Despite the adverse economic conditions in recent years, Vianex has been pursuing new, major cooperation with international pharmaceutical companies, aiming to import innovative pharmaceutical products into the domestic market. Operating in a highly competitive environment, Vianex is well positioned to capitalise on opportunities, relying on its experience, know-how and its unique and specialised production capacity.

Vianex S.A. 2013 Turnover 247,498,029.00 € Profit Before Taxes 10,490,406.00 € Gross Profit 68,768,322.15 € Net worth 43,131,941.00 € Liabilities 102,485,154.00 €

2014 206,889,570.00 € 4,329,899.00 € 49,950,769.00 € 22,855,061.00 € 108,646,094.00 €

Change (%) -16,4 -58,7 -28,4 -47,0 6,0

Diamonds 309


PLASTICS Industrial


All About Tapes

Turnover 2015 72.352.824,00 €


Atlas Tapes SA, formerly known as Lantzis SA, is a vertical manufacturer of self-adhesive tapes. The original company was founded in Athens, by Christopher Lantzis and his sons in 1953. In 1977 production moved to Atalanti where it still remains today. Atlas Tapes S.A is the leader in the Greek market and one of the largest European producers exporting throughout the world 85% of its production. Over the years Atlas Tapes S.A are heavily investing in its production and in R&D mainly focused in new coating technologies. Currently the company manufactures a comprehensive range of tapes, which includes, Packaging tapes (PVC, BOPP coated with solvent, acrylic and hot melt adhesive), Masking tapes (Acrylic, solvent and hot melt), Stationery tapes (Cellulose and BOPP) and Specialty products. Continuous development and upgrading of the plant, highlights the company’s desire for technologically advanced production and high quality control. Atlas Tapes is a premier adhesive tapes producer located in South Europe which covers UK, SouthEast Europe and Middle East, with unique tapes products, and with its stellar reputation among leading tapes producers come up with a strong growth and a very stable earnings track record. In 2014 Atlas Tapes celebrated its 30 years’ anniversary for masking production by installing, a new paper impregnation line (total of two) and a dedicated masking solvent natural rubber coater (total of five) along with another two lathe slitters (total of three). Atlas Tapes production today operates with, nine coating lines (two acrylic water based five solvent natural rubber and two hot melt synthetic rubber), two masking paper impregnation lines ,fifteen fully automatic and robotic slitter-rewinders and numerous semi-automatic, as well as three fully automatic lathe (torno) slitters. In addition, Atlas Tapes is not only investing in machines and εquipments but also is investing in personnel, managing to increase its personnel up to 340 skilled employees (were 195 in 2010) , constituting the heart and soul of its operation. Personnel numbers are continuously increasing as a result of the augmented capacity and sales as well as constant developments of the companies. Today Atlas’ factory is covering an area of 25,000sqm, on a 110,000sqm plot. New offices were constructed to accommodate the continuously increasing needs of human resources, a fully automated slitting department was created and a state of the art laboratory, altogether operating under ISO 9001 and 14001.

2.195.022,00 €

Contact Details 68 Varis Avenue, 16673 Voula, Greece Tel.: +30 210 8995388 Fax.: +30 210 8995386 E-mail: Website:

310 Diamonds

2013 Turnover 60,005,749.00 € Profit Before Taxes 3,212,385.00 € Gross Profit 8,443,071.00 € Net Worth 11,076,128.00 € Liabilities 26,759,430.00 €

ATLAS TAPES SA 2014 65,123,160.00 € 4,339,077.00 € 10,032,701.00 € 13,846,861.00 € 30,995,881.00 €

2015 Change % 15vs 14 72,352,824.00 € 11% 2,195,022.00 € -49% 10,577,814.00 € 5% 20,369,971.00 € 47% 30,969,299.00 € 0%


Electrical appliances Industrial

BSH Home Appliances SA

Operating 42 production facilities worldwide

Turnover 143,396,854.00 €


BSH Home Appliances SA is a member of BSH Bosch und Siemens Hausgeräte GmbH Group, the largest household appliance manufacturer in Europe. In Greece, BSH Home Devices SA is headquartered in Kifissia, northern Athens, which houses the company’s commercial and marketing sector. Its sales branch is located in Thessaloniki, the production plant is located in the wider area of portcity Piraeus’ Renti district, and warehouses are based in Aspropyrgos, on the western outskirts of Athens. In 1977, BSH and Siemens acquired a 60% share of PITSOS SA, a Greek producer of household appliances with a long tradition in the domestic market. Since 1996, Bosch, Siemens and Pitsos have operated together under the name BSP. In 1998, BSH incorporated the Gaggenau brand and, four years later, also acquired Neff. Recently, the company, whose staff numbers some 680 employees, was renamed to ABE BSH Home Appliances. It is a leader in the Greek market for household appliances such as refrigerators, deep freezers, washing machines and stoves, with a market share of over 40 pct. The company’s export activity to other parts of Europe is increasing. A joint venture set up in 1967 by Robert Bosch GmbH (Stuttgart) and Siemens AG (Munich), BSH has recorded rapid growth over the past ten years. At present, BSH operates 42 factories in 13 European countries, as well as in the US, South America and Asia. Including its global sales and customer service network, the BSH corporate family is currently comprised of about 70 companies in 50 countries, with a total workforce of nearly 46,000 people, of which more than 70% are employed in Europe. The company is headquartered in Munich. The group’s portfolio includes the Bosch and Siemens brands, as well as eight niche brands, Gaggenau, Neff, Thermador, Constructa, Viva, Ufesa, Junker and Zelmer, ensuring that the specific requirements of all clients are met. Furthermore, the four regional brands (Balay, Pitsos, Profilo and Coldex) ensure broad presence in their respective markets. The group’s product range spans the entire spectrum of modern household appliances, including stoves, hobs, hoods, dishwashers, washing machines and dryers, refrigerators and freezers, as well as small household appliances (consumer products), such as vacuum cleaners, coffee makers, kettles, irons and hairdryers.

4,265,061.00 €

Contact Details 17th Km Athens-Lamia national highway & 20 Potamou St., 145 64, Kifissia, Attica, Greece Tel: +30 210 4277800 Fax: +30 210 4277837 E-mail: Website:

BSH Home Appliances SA 2013 2014 Turnover 154,048,286.00 € 143,396,854.00 € Profit Before Taxes 6,813,529.00 € 4,265,061.00 € Gross Profit 33,184,103.00 € 32,658,733.00 € Net worth 32,330,522.00 € 29,904,041.00 € Liabilities 48,940,503.00 € 50,230,142.00 €

Change (%) -6.9 -37.4 -1.6 -7.5 2.6

Diamonds 311



Food Products Industrial

Turnover 10,633,881.00 €

PROFIT BEFORE TAXES 4,246,629.00 €

Contact Details 13-15 Loutrou St., 136 78, Acharnae, Athens, Greece Tel: +30 210 2630828 Fax: +30 210 2630472 E-mail: Website:

Combining quality and high nutritional value The company’s roots hail back to a small bakery established in 1948 in the Cretan town of Platanos, close to Hania, by Haritos Tsatsaronakis. It quickly acquired the “Manna” brand name. During its early years, the bakery provided bread to Platanos and nearby villages. Later on, the founder’s son, Nikos and his wife Maria joined the business. They introduced barley rusk production to the enterprise’s activities. In 1963, the company began selling rusks to Hania, not long after followed by Athens. Nowadays, after four rounds of expansion, the small bakery has been transformed into a major baking plant producing 53 different products. The company’s very first village business continues to operate, remaining faithful to the principles behind the company’s origins. The company’s production facilities cover a surface area of some 7,000 sq. m. and are equipped with four production lines. All production is prepared in compliance with international food production standards. As a result, the company has been certified by TUV HELLAS and the HACCP food management and safety system. Also, the company’s organic products have been certified to European standards by the national organization for the control and certification of organic products. The company makes it a point to monitor market developments with respect to new mechanical equipment available. It constantly upgrades its facilities, so as to keep up with the ever-growing needs of the market regarding both quantity and quality. The company markets traditional rusks, small rusks, croutons, wheat croutons, wheat & barley breadsticks, flavored rusks (with oregano, aniseed, almond and raisin), and organic rusks (wheat and barley). MANNA BAKERY N. TSATSARONAKIS S.A. 2013 2014 Turnover 9,721,335.00 € 10,633,881.00 € Profit Before Taxes 3,128,468.00 € 4,246,629.00 € Gross Profit 4,858,160.00 € 5,633,518.00 € Net worth 20,255,655.00 € 23,062,471.00 € Liabilities 2,544,295.00 € 2,944,919.00 €

Change (%) 9.4 35.7 15.96 13.9 15.7

FRIGOSTAHL SA Refrigeration installations Industrial

Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 26,462,135.00€

Highly renowned in refrigeration installations The firm was established as FRIGOSTAHL LTD by individuals with experience in the design of refrigeration installations and the construction sector. The firm launched its operations from the Macedonian region in northern Greece, offering solutions to a clientele of companies active in sorting, packaging & distribution of fresh fruit and vegetables. The firm converted its legal status to the SA category in February, 2003. In November of that year, it transferred its offices to Veria, northern Greece, establishing a 500-square metre independent office space, warehouses measuring 1000 square meters, and, at the same time, established a 200-square metre office in northern city Thessaloniki’s Kalochori region. At present, the company employs a staff of 60 divided in the following categories: engineers, graduates from technical institutes, mechanics & technicians, certified welders, drivers/forklift operators, electricians, hydraulic technicians and labor staff. The company’s activities have not changed since its launch, it continues to offer cold storage construction to the processing industry, logistics centers, administrative buildings, super markets, retail stores and industrial buildings. Frigostahl’s clientele includes the most thriving companies in these sectors.


Contact Details Block 54, Thessaloniki Industrial Zone, 57022, Greece Τel.: +30 2310 570170-160 Fax: +30 2310 570199 E-mail: Website:

312 Diamonds

FRIGOSTAHL SA 2013 Turnover 17,548,428.00€ Profit Before Taxes 2,738,982.00€ Gross Profit 3,672,659.00€ Net worth 20,913,108.00€ Liabilities 4,855,513.00€

2014 26,462,135.00€ 4,150,708.00€ 5,931,876.00€ 21,816,684.00€ 7,287,929.00€

Change (%) 50.8 51.5 61.51 4.3 50.1




Exporting to 35 countries in Europe

Athanasios Tziritis

Turnover 33,064,782.00 €

PROFIT BEFORE TAXES 4,242,167.00 €

Contact Details Contact Details Ag. Athanasios, Thessaloniki, Greece Tel.: +30 2310 576005 Fax: +30 2310 722120 E-mail: Website:

Founded in 1980, ISOMAT today produces over 250 products that are used in general and more specialized building activities, such as installations, repairs and improvements. Products are divided into six basic categories: Drying materials, Cement and mortar additives, Glues and putty, Repair materials and painting materials, Ready-to-use plasters and Industrial floors. ISOMAT is led by Athanasios Tziritis, Vice-president and Managing Director. At present, the firm operates two state-of-theart production facilities, one in Thessaloniki’s Agios Athanasios district, and another one in Belgrade, Serbia. ISOMAT employs a staff of 219 in Greece, 30 of which are qualified engineers and chemical engineers, while a further 91 staff members are employed at its four subsidiary firms in Serbia, Romania, Bulgaria and Turkey, and its agency office in Russia. Operating through sales points in Athens and Thessaloniki, and associated with more than 1500 retail outlets, ISOMAT serves the building sector throughout Greece. At present, the firm’s exports account for 32% of total revenue, while the company aims at further expanding its export activity. Currently, the firm’s exports span across 35 countries in Europe, including the highly competitive German market, as well as Russia, USA, Asia, Middle East and Africa. ISOMAT operates through subsidiary firms in Romania, Bulgaria, Serbia and Turkey. In Romania, Isomat Romania Srl was established in 2000 in Bucharest as the exclusive trader and distributor of ISOMAT products in the Romanian market, having entered concrete & mortar additives production in late 2013. In Bulgaria, Isomat International EOOD began operating in 2004 in Sofia as an exclusive agent and distributor of ISOMAT products in the local market. ISOMAT d.o.o., based in Belgrade, launched its operation in 2005 as an exclusive supplier of ISOMAT products in the Serbian market; in 2011, the firm was transformed from a trading company to a producing company with the launch of a new ISOMAT production facility in Belgrade. In Turkey, ISOMAT’s affiliated company, İsomat Yapı Kimyasalları ve Tic. Ltd. Şti., operates since November 2013 in Istanbul as an exclusive trader and distributor of ISOMAT products across the Turkish market. Since October 2013 ISOMAT also operates in the Russian market through its agency office, which is responsible for striking partnerships between ISOMAT and local distributors, providing services to new and existing customers by offering help desk, training and technical support, as well as for the specification of ISOMAT products to construction projects in Russia. The firm has invested nearly 30 million euros over the past ten years, of which 10 million euros was invested abroad and primarily concerned the purchase of industrial machinery and construction of new facilities. In 2014, the firm reported an increase in revenue to 33.06 million euros compared to 31.24 million euros a year earlier. However, pre-tax income inched down to 4.24 million euros against 4.69 million euros in 2013.

hessaloniki-Ag. Athanasios Rd, 570 03

ISOMAT SA 2013 Turnover 31,245,253.00 € Profit Before Taxes 4,698,016.00 € Gross Profit 13,636,088.00 € Net worth 33,018,179.00 € Liabilities 11,769,616.00 €

2014 33,064,782.00 € 4,242,167.00 € 51,760,504.00 € 35,060,645.00 € 10,630,196.00 €

Change (%) 5.82 -9.70 279.58 6.19 -9.68

Diamonds 313


Food Products Industrial


Active in the food market over 85 years

Ioannis Yiotis, President and CEO

Turnover 70,152,053.00 €


The nutritional products company YIOTIS was founded in 1930 by Yannis and Maria Yiotis, beginning its activity with a rice cereal product, the first ever packaged baby food produced in Greece. Yiotis nowadays produces, packages, and distributes some 100 different products, both in Greece and abroad. These cover the baby food, drinks, cooking, confectionery, desserts, semi-finished desserts, chocolates and semi-finished meal categories. The company’s research & development department, one of the company’s most dynamic divisions, also ranks as one of the most advanced in the Greek food industry. The department is staffed with highly specialized scientists: chemists, agriculturalists, chemical engineers, biologists and food technicians, and is supported by hi-tech equipment and laboratory infrastructure. Besides offering quality control, through the use of latest technological methods, the department also designs and develops new company products. The R&D department covers a space measuring 800 sq.m. Yiotis’ facilities initially covered a total of 300 sq.m. and have nowadays grown to cover a total of 30,000 sq.m., comprising two production plants in Athens. Both are equipped with state-of-the-art machinery. Over the past decade, the facilities were completely renovated at a cost of 15 million euros. The effort included building extensions, expansion of existing production lines and installation of new production lines and packaging machinery. The company exports to 25 countries on all five continents. In Africa and the Middle East, the company exports to Saudi Arabia, United Arab Emirates, Qatar, Bahrain, Kuwait, and Egypt. In Europe, Yiotis products reach the markets of Germany, UK, Belgium, Cyprus, Netherlands, Malta, Spain, Italy, Sweden, and Norway, Albania, Bulgaria, Romania, Former Yugoslav Republic of Macedonia (Fyrom), Serbia, Russia and Ukraine. In the Far East, the company exports to Singapore and China. In the Oceania region, it exports to Australia. The US and Canada are also covered by the company’s export drive. In 2015, the firm was expecting to report a slight rise in sales to 71.1 million euros, with profits stable 4.0 million euros. The firm’s objectives are to further expand its export activities, currently accounting for 10% of annual sales, as well as to retain its market share in Greece.

4,211,902.00 €

Contact Details 130 Kifissou Ave, Athens, 121 31, Greece Tel: +30 210 5704400 Fax: +30 210 5769101 Email: Website:

314 Diamonds

ΥΙOTIS SA 2013 Turnover 69,526,986.00 € Profit Before Taxes 4,023,528.00 € Gross Profit 31,675,770.00 € Net worth 37,648,522.00 € Liabilities 30,526,854.00 €

2014 70,152,053.00 € 4,211,902.00 € 32,594,336.00 € 30,858,875.00 € 26,921,177.00 €

Change (%) 0.9 4.7 2.9 -18.0 -11.8



Turnover 58,944,808.00 €


Impressive profit growth in 2014 Imperial Tobacco is a UK-originated international tobacco company, headquartered in Bristol, England. The history of Imperial Tobacco can be traced back to 1786, when tobacco company WD and HO Wills was founded in Bristol. Imperial Tobacco Hellas is a subsidiary of Imperial Tobacco Group, a leading international tobacco company. Imperial Tobacco Hellas is the center of Group activities in the South East Europe region, in charge of four additional markets apart from Greece: Bulgaria, Romania, Cyprus and Malta. The company’s brand portfolio includes well known brands, such as Davidoff, JPS, Slim Line, West, Gauloises, R1, as well as Drum, Golden Virginia, Van Nelle and Rizla. In 2014, the firm reported a rise in sales to 58.9 million euros against 57.3 million euros a year earlier, up 3 pct. Pre-tax income almost doubled to 4.1 million euros against 2.1 million euros in 2013.

PROFIT BEFORE TAXES 4,147,480.00 €

Contact Details 300 Klisthenous St., 153 44 Gerakas, Attika, Greece Tel.: +30 210 66 15 055 Fax: +30 210 66 12 257 E-mail: Website:

IMPERIAL TOBACCO HELLAS SA 2013 2014 Turnover 57,394,268.00 € 58,944,808.00 € Profit Before Taxes 2,139,512.00 € 4,147,480.00 € Gross Profit 13,672,176.00 € 14,935,335.00 € Net worth 670,000.00 € 670,000.00 € Liabilities 49,541,703.00 € 55,864,136.00 €

Change (%) 2.70 93.85 9.24 0.00 12.76

ARGO SA Plastics Industrial

Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 26,848,594.00 €

PROFIT BEFORE TAXES Contact Details 4,067,979.00 € Contact Details 1st km Koropiou - Varis St., 19400, Koropi, Greece Tel.: +30 216 4003100 Fax: +30 210 6625500 E-mail: Website:

Posting solid growth ARGO SA was founded in 1970 in Athens, by Dr. Alexis Stasinopoulos and Tryfon Mitrogiannopoulos. The firm engages in the plastic packaging sector as a designer, producer, and trader of rigid packaging. The company’s business activity spans the markets of healthcare, personal care, crop protection, animal healthcare, chemicals and auto, and food and beverages. The range of manufacturing technologies employed includes: Extrusion Blow Molding, Injection Blow Molding, Injection Stretch Blow Molding, Injection Molding, Plastic Tube production for Packaging, Printing and Labelling and Assembling. Thanks to a wide range of processing technologies and polymer grades employed, the company offers plastic closures, droppers, vials, bottles, canisters, tubes and dosing systems for demanding applications and diverse markets. It provides high quality packaging solutions for best product protection and maximum brand impact in the market. Argo is certified with the ISO9001:2008, ISO14001:2004, ISO15378:2011, and EN ISO13485:2012 standards. Compliance with international standards and regulations is assured both by in-plant procedures and external accredited organizations or labs. Posting solid financial performance in 2014, the firm saw its sales rise to 26.84 million euros against 24.60 million euros a year earlier. Pre-tax income also rose to 4.06 million euros compared to 3.65 million euros year-on-year. ARGO SA 2013 Turnover 24,609,117.00 € Profit Before Taxes 3,654,817.00 € Gross Profit 4,750,683.00 € Net worth 24,412,501.00 € Liabilities 7,495,700.00 €

2014 26,848,594.00 € 4,067,979.00 € 5,769,926.00 € 27,739,107.00 € 6,030,877.00 €

Change (%) 9.1 11.3 21.5 13.6 -19.5

Diamonds 315




Leader in frozen vegetables and frozen dough market

Turnover 77,966,000.00 €

PROFIT BEFORE TAXES 4,116,000.00 €

Contact Details Thessaloniki Industrial Zone (A5 St.), Sindos 57022, Thessaloniki, Greece Tel: +30 2310798483 Fax: +30 2310796221 E-mail: Website:

316 Diamonds

Founded in 1969, Barba Stathis is a subsidiary of Vivartia, the largest food company in Southeast Europe, member of Marfin Investment Group (MIG), and the leading company in frozen vegetables and frozen dough products in Greece. The fundamental pillars for its success are: Quality, Nutrition, Flavor and Convenience. Barba Stathis has been an ardent supporter of the Greek Economy and the agricultural production of the country, utilizing more than 3.000 hectars of cultivation. Its production is based on an integrated crop management system, contractual farming application of “Agricultural excellence”, production of organic farming and cooperation with academic institutions for research purposes, thus enabling the company to produce high quality products, as fresh as at the moment of harvesting. The fields in Greece are naturally fertile, providing Barba Stathis’ vegetables, optimal nutritional value, excellent appearance, outstanding flavor and tenderness. Barba Stathis’ activities include the production and sale of frozen vegetables (conventional and organic), mixed vegetables (plain and with rice), combinations of frozen vegetables based on traditional Greek recipes, as well as tomato products and fresh salads. Barba Stathis’ production plants comply fully with all National and International food quality management and safety standards. Its Quality & Safety Management system is EN ISO 9001/2008, EN ISO 22000/2005, I.F.S. & B.R.C. certified and guarantees that its vegetables are produced according to these standards. In the dough category, marketed under the brand name Chrysi Zymi, the Company promotes authentic delicious pastry creations based on Greek traditional recipes, offering consumers a wide variety of products including frozen filo dough kneaded with extra virgin olive oil, pies and mini pies filled with PDO cheeses and the finest ingredients, pizzas and a variety of filo dough variants in the category of chilled dough. At the same time, the company has developed an integrated strong Research and Development operation which focuses on capitalizing on innovations that respond to the demands of the markets it serves. Thus, it offers products that preserve and promote the Greek / Mediterranean cuisine which is adapted to the needs and pace of contemporary way of life, not only within the Greek boarders but also worldwide. Barba Stathis supports the society and people in need, in collaboration with leading organizations and foundations, giving priority to children. Furthermore, in cooperation with Universities and Schools, it provides practical training to young scientists and students and supports initiatives that aim at a wider education and training of young people. Based on its operational pillars and embracing its vision to represent Greek Nutrition globally, the company’s products are present in 21 countries in the five Continents, from the USA to Australia. BARBA STATHIS SA 2013 Turnover 70,788,000.00 € Profit Before Taxes 704,000.00 € Gross Profit 20,893,000.00 € Net worth 61,665,000.00 € Liabilities 80,206,000.00 €

2014 77,966,000.00 € 4,116,000.00 € 23,306,000.00 € 65,266,000.00 € 79,416,000,00 €

Change (%) 10.14 484.66 11.55 5.84 -0.98


Non-Metal Products Industrial


90% of sales coming from exports Iktinos Hellas SA was founded in 1974 by architect Evangelos Haidas, who remains the company’s majority shareholder, president and CEO to this date. Iktinos Hellas which is listed in ASE since 2000 and it’s main activity is extracting marble blocks, cutting, processing, and applications in architecture and sculpture, mostly for the exports. Iktinos Hellas excavates from four quarries in northern Greece, processes and exports the famous and highest quality marbles, Thassos, Volakas, Nestos and the unique marble “Golden Spider” from Mountain Pangeo, which has been registered as a brand name. Iktinos Hellas has offices in Athens and Drama, two cutting and processing factories in Athens, warehouses and showrooms and complete sales network. In 2014, the firm reported turnover at 27.3 million euros, with exports accounting for 24 million euros, or 90% of total sales. Ranking among the leading suppliers in the marble market, the firm is vertically integrated with four privately-owned marble quarries, cutting and processing factories, a local sales network and, most importantly, an ever growing sales network abroad. An importer of marbles, granites and rare decorative stones from all around the world, Iktinos Hellas is also the exclusive domestic dealer of QUARELLA SPA and TREND-VI SPA products, two large companies specializing in artificial rocks, as well as of the ASSOS Company, which specializes in fine mosaics made of natural rocks. In 2015, the company reported a 25.04-pct increase in total sales to 34.06 million euros against 27.24 million euros in 2014, attributed primarily to a number of new customers and new exports markets, as well as to the recovery of the Chinese market, as China is the firm’s top export country. Gross profit in 2015 rose to 13.79 million euros compared to 10.77 million euros a year earlier. Net pre-tax income dropped to 2.20 million euros against 3.97 million euros in 2014.

Turnover 27,247,854.00 €

PROFIT BEFORE TAXES 3,974,577.00 €

Contact Details 7 Lykovrisi Ave., 14452, Metamorfosi, Athens, Greece Tel: +30 210 2826825 Fax: +30 210 2818574 E-mail: Website:

IKTINOS HELLAS SA 2013 Turnover 32,399,910.00 € Profit Before Taxes 6,560,022.00 € Gross Profit 14,752,640.00 € Net worth 30,052,090.00 € Liabilities 29,821,263.00 €

2014 27,247,854.00 € 3,974,577.00 € 10,773,711.00 € 32,122,648.00 € 31,037,847.00 €

Change (%) -15.9 -39.4 -27.0 6.9 4.1

Diamonds 317



Turnover 24,658,596.00 €



Major manufacturer of waste collection equipment Α. Kaoussis SA is Greece’s leading and most specialized company in the field of special waste management constructions. The company provides high expertise accompanied by a range of services. These offer solutions for individual waste management needs. The company provides innovative and effective solutions, paying particular attention to environmental concerns. Α. Kaoussis SA was founded in 1958 in Athens, with the construction of heavy-duty vehicles as its main activity. The company has utilized its know-how to manufacture production-waste collection vehicles since the early 70s, featuring a groundbreaking - for the time - rotating drum-type compression system. In the ensuing years, the company invested heavily in developing domestic waste management expertise, customized to the specific conditions in Greece, with support from recognized international companies. In 1982, the company manufactured the first locally produced “press-type compression system”, and since 1989, has expanded its activities to the study and construction of waste transfer stations.

3,989,291.00 €

Contact ContactDetails Details 162 Iera Odos St., 122 42 Egaleo, Attica, Greece Τel.: +30 210 3459616 FAX: +30 210 3463850 E-mail: Website:

SHIPPING WASTE MANAGEMENT Commercial Apostolos Vakakis

A. KAOUSSIS S.A. 2013 Turnover 21,094,384.00 € Profit Before Taxes 3,122,421.00 € Gross Profit 7,453,613.00 € Net worth 11,258,656.00 € Liabilities 19,757,888.00 €

2014 24,658,596.00 € 3,989,291.00 € 7,271,681.00 € 11,406,260.00 € 16,890,084.00 €

Change (%) 16.90 27.76 -2.44 1.31 -14.51


Seeking a cleaner future


Antipollution is one of the leading port-facility companies and one of the largest waste management companies in Greece and beyond. The company operates at all major Greek ports and numerous private ports, providing integrated solutions with services tailored to the unique and specific needs of each port. Antipollution was founded in its present form by the descendants of the first boat operators and stevedores to work at Piraeus port, active in ship waste management in the 1940s. Ever since, the company has expanded continuously, acquiring modern equipment and providing its services around the clock, every single day of the year. The company’s activities are divided into sea services and onshore services. Sea services include oil spill response, distressed/destroyed cargoes management and sea surface cleaning services. Regarding onshore services, it covers hazardous materials management, bulky waste management, recycling and recovery, cleaning services for outdoor spaces and facilities, greenery services, destruction/final disposal of off specs/expired, coastal clean-up and beach configuration services, alternative fuel production, animal by-products management and disinfestation, decontamination and fumigation services.

3,968,324.00 €

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 € 13,843,315.00

Contact ContactDetails Details 57 Akti Miaouli St., 18536 Piraeus, Attica, Greece Tel.: +30 210,42,92,426-7 Fax: +30 210,42,92,710 E-mail: Website:

318 Diamonds

Antipollution S.A. 2013 2014 Turnover 11,424,134.00 € 13,843,315.00 € Profit Before Taxes 3,703,499.00 € 3,968,324.00 € Gross Profit 5,176,859.00 € 6,082,490.00 € Net worth 4,636,489.00 € 4,455,477.00 € Liabilities 5,327,646.00 € 7,055,900.00 €

Change (%) 21.18 7.15 17.49 -3.90 32.44




High quality, low cost, perfect service

Stavros Konstantinidis, President & CEO

Turnover 29,229,038.00 €

PROFIT BEFORE TAXES 3,932,301.00 €

EURIMAC is a joint-venture formed by a strategic partnership between the well-known Greek pasta company MACVEL SA, operating in Greece and Europe since 1939, and EURICOM Spa, an Italian group of companies producing pasta, flour and rice. Eurimac was founded in May 1996 in the Kilkis industrial zone and employs a specialized staff with many years of experience in the manufacture of pasta products. The company specializes in the manufacture of own-label products and has invested heavily in the construction of a state-of-the-art pasta production plant, implementing the highest quality and hygiene standards, with an annual production capacity of over 72,000 tons. At the end of 2006 work was completed on a processing mill for durum wheat, adjacent to the factory, which allowed for further improvement in the quality of semolina and a further cut in production costs, making the company 100% vertically integrated. In addition, Eurimac has invested significantly in the full automation of the packaging section for the various types of pasta it produces. In June 2010, a 9,000-pallet-strong warehouse was commissioned at the production plant, one of the largest of its kind in Greece. The company’s main activity, apart from the sale of pasta in the Greek market, is the export of pasta products to more than 45 countries across the globe, either under its own brand names or privately labeled. The entire production, packaging and storage procedures are certified under the most widely recognized standards for food quality and safety, specifically ΕΝ ISO 9001:2000, EN ISO 22000:2005, BRC, & IFS 5, making EURIMAC one of the most reliable companies in the industry worldwide. The first and best-known family of pastas produced by the parent company is the iconic MACVEL range, first launched back in 1939. During the years that followed, with the export business beginning to dominate operations, production was expanded to introduce new brands, either in response to the demands of foreign customers, or as a result of innovations by the associates. Thus, the range was expanded to include several brands, including Latino, Famiglia, Grande Pasta, Mama Mia, Bevellini, etc. In 2014, even though the firm posted higher profitability, it saw sales drop slightly to 29.23 million euros compared to 30.19 million euros a year earlier. Pre-tax earnings rose 16% to 3.93 million euros, against 3.38 million euros in 2013.

Contact Details Contact Details Kilkis Industrial Zone, 61100 Stavrohori, Kilkis, Greece Tel: +30 23410 72164 Fax: +30 23410 72160 E-mail: Website:

EURIMAC SA 2013 Turnover 30,187,279.00 € Profit Before Taxes 3,382,860.00 € Gross Profit 7,399,133.00 € Net worth 25,426,081.00 € Liabilities 8,021,512.00 €

2014 29,229,038.00 € 3,932,301.00 € 6,959,262.00 € 28,302,986.00 € 9,487,498.00 €

Change (%) -3.17 16.24 -5.94 11.31 18.28

Diamonds 319


Food Products Industrial

Kallas Papadopoulos SA

Possessing a wide product portfolio

Turnover 147,692,078.00 €

Founded in 1967, Kallas Papadopoulos SA has been active as an importer and distributor of raw materials and foods for more than 45 years, satisfying the needs of several industrial sectors, including confectionery, bakery, dairy products, charcuterie and the food service industry. Kallas Papadopoulos maintains modern facilities offering controlled temperature at its warehouses in the Aharnes area of northern Athens, the Thessaloniki industrial zone’s Vathy Avlidas area along the Athens-Thessaloniki highway, at the Ritsona interchange, as well as in Tripoli (Peloponnese), Volos (mid northeast Greece), and Bucharest, Romania. The company’s distribution system operates entirely on a “first in, first out” basis, constantly monitoring all controlled temperature facilities through calibrated thermographs. Hundreds of tons of goods are distributed daily to several destinations around Greece by a fleet of refrigerated trucks owned by the company, ensuring direct and constant delivery. The company has been exporting various products since 1995 to Cyprus, Bulgaria, Romania, Poland, Albania, the Former Yugoslav Republic of Macedonia (Fyrom), Egypt and Tunisia. The company’s Thessaloniki facility serves to minimize distances regarding its exports to the Balkans. In addition, the company operates a distribution network in Romania and Cyprus. Its quality-control department has operated since 1987. Sampling tests are carried out every day on all incoming and outgoing products by trained staff, ensuring excellent quality. The firm has been implementing Hazard Analysis and Critical Control Points (HACCP) systems since 2001 and is certified with ISO 22000:2005 Food Safety Management System and ISO 9001:2008 Quality Management System standards. Kallas Papadopoulos imports high standard food and raw materials in order to guarantee its clients excellent quality, as well as the best possible quality/cost ratio. The company markets numerous products, including dairy powders, liquid milk, UHT milk, Belgian cow milk cream, whey powder protein products, butter, cheese, cocoa, chocolate, vegetable fats, vegetable margarines, vegetable oils, vegetables fats bulk, creams, egg powder, wheat products, corn starch, potato products, frozen fries, canned products, pasta, food additives, organic products and frozen chicken products.

PROFIT BEFORE TAXES 3,882,868.00 €

Contact Details Contact Details: 13 Phil. Damianou St - Aharnes, 136 71, Athens, Greece Tel: +30 210 2401830 Fax: +30 210 2401833 E-mail: Website: http://www.kallas-pap. com

320 Diamonds

KALLAS PAPADOPOULOS SA 2013 2014 Turnover 142,813,408.00 € 147,692,078.00 € Profit Before Taxes 4,489,369.00 € 3,882,868.00 € Gross Profit 13,543,678.00 € 14,028,211.00 € Net worth 25,445,464.00 € 28,236,436.00 € Liabilities 43,715,483.00 € 48,664,556.00 €

Change (%) 3.4 -13.5 3.58 11.0 11.3



Turnover 47.332.454



The best piece of Greece Alfa is a family business founded by Thanassis Koukoutaris, who started the operation in mid-50s by making and selling handmade pies. Over the years, production gained increased distribution. By 1977, the network had expanded well beyond the company base to include the central Macedonia and Thessaly regions. The initial stage of the company’s transformation to a mass-producing industrial enterprise began to take place in the ‘80s. In 2008, the company’s production facilities were further extended by an additional space of 5,000 square meters. Nowadays, Alfa holds the leading position in the Greek food market. Its national network includes 50 regional distributors and 11,000 points of sale. The company’s production plant stands as one of the most modern industrial units in Europe. Always adhering to the highest international quality and safety standards (ISO: 9001-2008, HACCP, IFS, BRC), Alfa manages to combine premium, allnatural ingredients of high nutritional value with exceptional taste. Alfa maintains a dominant presence in the retail market, including at major supermarket chains, bakeries and cafes. It also supplies products to hotels and for mass catering services.

1st km Kozani-Argilos Rd, 501 00 Kozani, Kozani, Greece Tel: +30 24610 42103-4 Fax: +30 24610 33305 E-mail: Website:

ATHANASIOS D. KOUKOUTARIS S.A. 2013 2014 Turnover 22,365,603.00 € 24,937,739.00 € Profit Before Taxes 3,476,632.00 € 3,842,522.00 € Gross Profit 9,697,526.00 € 10,934,362.00 € Net worth 27,382,235.00 € 28,921,122.00 € Liabilities 8,583,774.00 € 8,598,765.00 €



Contact Details

Commercial Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 93,297,976.00 €

Change (%) 11.50 10.52 12.75 5.62 0.17

The Athens casino Regency Casino Mont Parnes, the casino of Athens, operates amid a landscape of outstanding beauty in the heart of the National Park of Mount Parnitha, on the northern outskirts of Athens. Located just 17 km from central Athens, the casino promises unique moments of entertainment in a luxurious and hospitable environment. The Mont Parnes hotel was originally run by Greece’s National Tourism Organization (EOT), and went on to be operated by a succession of managers during the 60s, with limited success. The situation changed radically in 1971 when the first Greek casino was established alongside the hotel. The casino is currently operated by Regency Entertainment, a leading casino service provider. Operating three business units, the Regency Casino Mont Parnes, Regency Casino Thessaloniki, and the Hyatt Regency Thessaloniki, Regency Entertainment employs a workforce numbering 2,500 persons. The company offers unique entertainment experiences daily, in safe and pleasant environments.

PROFIT BEFORE TAXES Contact Details 3,719,722.00 € Contact Details 49 Agiou Konstantinou, 15124, Marousi, Athens, Greece Tel: +30 210 6149800 Fax: +30 210 6149801 E-mail: Website:

Regency Casino Mont Parnes SA 2013 Turnover 62,493,652.00 € Profit Before Taxes 2,739,001.00 € Gross Profit 25,412,688.00 € Net worth 84,010,636.00 € Liabilities 27,458,197.00 €

2014 93,297,976.00 € 3,719,722.00 € 56,572,186.00 € 85,182,039.00 € 14,464,071.00 €

Change (%) 49.3 35.8 122.6 1.4 -47.3

Diamonds 321




A leader in the premium car market

Yannis Kalligeros, Chief Executive Officer

Turnover 3,802,609.00 €

Founded in 1982, Mercedes-Benz Hellas SA, is a 100% subsidiary of Daimler AG. The company is the General Distributor of Mercedes-Benz passenger & commercial vehicles smart cars, as well as Mercedes-Benz & Setra buses in Greece. The company is located in N. Kifissia, in an area of 40 ​​ exceptionally organized, functional and environmentally friendly acres. All Sales and Marketing functions for passenger and commercial vehicles, as well as the Center of Technical Support and Training are hosted there. Mercedes-Benz Financial Services Hellas SA, is located in the same area, in order to offer a broad range of financial products to its customers. Mercedes-Benz Hellas also owns the Parts Distribution Center in Aspropyrgos and the sales center for used heavy and light commercial vehicles. “TruckStore”. “Mercedes-Benz Stars” is the used car sales business, ran by Mercedes-Benz & smart authorized sales distributors. Corporate Social Responsibility is an integral part of the company’s culture. Always a pioneer in these matters, Mercedes-Benz Hellas was the first company in the automotive sector to issue a Social Responsibility Report for 2013, while it invested in solar energy by placing photovoltaic panels on the roof of its premises, thus producing power of 302 kW at a surface of 4,000 m2. Moreover, the company is constantly contributing to major cultural, social and sports events of the country with significant sponsorships. visit us on & join us on & & &

PROFIT BEFORE TAXES 128,059,377.00 €

Contact Details Thivaidos 20, 145 64 Kifissia, Attica, Greece Tel.: +30 210 6296500 FAX: +30 210 6296510 Website: E-mail:

322 Diamonds

MERCEDES BENZ HELLAS SA 2013 2014 Turnover 97,300,116.00 € 128,059,377.00 € Profit Before Taxes 16,295,493.00 € 3,802,609.00 € Gross Profit 40,131,542.00 € 35,289,889.00 € Net worth 53,324,533,00 € 54,974,155.00 € Liabilities 26,090,794.00 € 24,476,603.00 €

Change (%) 31.61 -76.66 -12.06 3.09 -6.19




Initiating projects worldwide

Turnover 26,842,867.00 €

PROFIT BEFORE TAXES 3,716,978.00 €

In 1981, Athanasios Antoniadis and Ioannis Sachanas founded the Thessaloniki-based parent company Marmor Kamin S.A., a modest enterprise that processed marble and manufactured fireplaces. Through hard work, specialized craftsmanship and market knowledge, the company established itself and became a well-known name. The first exports began in 1990 to Russia, Cyprus and Belgium. Ever since, constant growth and investments under the new name Marmor SG SA, led the company to its new headquarters, on a privately-owned 50,000 m² plant in Kavalari, Thessaloniki. In 2004 Yiannis Antoniadis, took over the leadership of the company as President & CEO. Being inventive and with a fresh perception of the market evolution, he organized the company’s further growth through innovative business planning with constant rises in turnover and profits. He focused on a strategic extroversion and the buildup of a global network and managed to place the company among the world leaders, under the trading name “Stone Group International”. Since 2008 the company has been constantly investing & developing new products and innovative production methods adding surplus value & credibility to its general image. The investment forecast for the next three years includes the creation of a new Thematic Business Park as an operational link between all production lines and administration, in the most ergonomic way. This plan encompasses the best mechanical equipment, specific facilities for staff, clients and visitors, better product supply efficiency, transportation cost reduction with easy access to all major arterial roads. Our plant in the Kavalari Industrial Area, covers 12,000 m2 of the 50,000 m2 company premises. It includes the Administration Offices, three Production Departments, a Project Management Department, an Art Craft Atelier, six sheltered and five outdoor warehouses for blocks, slabs and tiles of white marbles, granites and natural stones. Using their in-depth knowledge, the procurement team ensures the high quality level of raw materials under the constant material inspection. Fundamental tools are: Material Database, Barcode System (Architectural and Project Software), Slab Classification by means of slab by slab Pictures, labels, etc. On the other hand, the Logistics Department serves a complete process involving the integration of material handling, inventory, packaging and transportation. The company also operates a branch in Athens to serve clients in Southern Greece, the Prefecture of Attica and the Greek Islands, providing constant supply on a daily basis. In addition, the firm operates subsidiaries in Romania, Albania, Turkey and Egypt.

Contact Details 18th Thessaloniki-Kavalas Rd, 572 00 Kavalari, Kozani, Greece Tel.: +30 23940 20440 Fax: +30 23940 52733 E-mail: Website:

MARMOR SG “STONE GROUP INTERNATIONAL” SA 2013 2014 Turnover 23,718,713.00 € 26,842,867.00 € Profit Before Taxes 3,272,047.00 € 3,716,978.00 € Gross Profit 7,389,589.00 € 6,587,216.00 € Net worth 14,756,873.00 € 17,262,669.00 € Liabilities 13,394,304.00 € 17,201,134.00 €

Change (%) 13.17 13.60 -10.86 16.98 28.42

Diamonds 323




Seven generations at the mill’s helm

Nikos K. Loulis, President Of B.O.D.

Turnover 88,006,162.00 €

PROFIT BEFORE TAXES 3,711,620.00 €

LOULIS MILLS is currently active in Greece with two state-of-the-art production plants at Sourpi, eastern mainland Greece, and Keratsini, a district of the capital’s Piraeus port region. It occupies the leading spot in the Greek Flour Industry in terms of milling, sales and technology. The advanced technology employed by Loulis Mills provides its customers with over 120 flour varieties, ensuring a wide product range that is ideal for meeting all the demands of professional bakers. The business objective of Loulis Mills is exclusively focused on production and trade of flour ground from wheat, as well as rye, corn and barley. The corporate group’s products are divided into: Milling products (professional - wheat in sacks and in bulk form - and by-products - bran, etc.) and consumer products (Long Life, or Fast Moving Consumer Goods, such as flour in a packet). By implementing the latest technology and monitoring market trends and needs, LOULIS MILLS produce 120 types of flour and semolina to serve its 5,000 customers, bakers and pastry cooks. The effort is supported by a highly organized sales network across the country. The Sourpi industrial facility includes seven production lines; it has a capacity to mill 1.000 tonnes of wheat per 24 hours; it is equipped with a 55,000-ton grain silo, a Pilot Organic Mill, a traditional Stone Mill, a privately owned harbour for loading and unloading up to 4 ships, a 5,000-ton flour silo, a storage warehouse with a capacity of 3,000 tons, an ultra-modern chemistry laboratory and experimental bakery, and a technical support department for professional bakers. The Keratsini industrial facility has a capacity to mill 300 tons of wheat per 24 hours; it is equipped with a 21,000-ton grain silo, a privately owned harbour for loading and unloading 140 tons of grains per hour, a 3,500-ton flour silo, a storage warehouse covering 3,000 square meters, and an ultramodern chemistry laboratory and experimental bakery. The company’s production process entails receiving wheat, storage, cleaning, milling, blending, packaging and distribution. The company operates three privately owned distribution centers, at Iera Odos (close to central Athens), Kalohori (Thessaloniki) and Podohori (Kavala), which, combined with the activities at Sourpi, make up an excellent distribution network. Product distribution centers every 200 km and an exemplary fleet of trucks provide the company with the capacity to immediately and smoothly cover the needs of the market and to also quickly and efficiently process customer orders from north to south. The distribution centers are certified with all the necessary HACCP and ISO quality and safety standards, meeting the stringent requirements for the storage and distribution of products.

Contact Details 1 Spetson St., Keratsini, 187 55 Piraeus, Attica, Greece Tel: +30 210 40 90 100 Fax: +30 210 40 90 150 Email: Website:

324 Diamonds

LOULIS MILLS SA 2013 Turnover 93,953,493.00 € Profit Before Taxes 2,540,839.00 € Gross Profit 18,539,664.00 € Net worth 82,432,704.00 € Liabilities 71,569,848.00 €

2014 88,006,162.00 € 3,711,620.00 € 19,485,683.00 € 85,977,157.00 € 75,325,955.00 €

Change (%) -6.33 46.08 5.10 4.30 5.25


AQUAFEED Industrial

Turnover 38,799,239.00 €


Strong player in the fish farming market IRIDA SA is an independent and dynamic company which supplies aquafeeds and provides consulting services to the Greek Aquaculture Industry. The company’s strong market reputation rests as much on its high-performance feed products as it does on the quality of consulting services provided. It constantly invests in research and development in order to support, in the best possible way, long-term relationships with customers. In 2009, IRIDA took over the fish feed factory of PROVIMI Hellas in Agrinio, western Greece. It is equipped with a twin screw extruder from Clextral with a capacity of 25.000 tons per year. Highquality fish feeds are produced with a diameter range from 1.0 to 2.0mm.

PROFIT BEFORE TAXES 3,689,008.00 €

60 Riga Fereou St, 346 00, Nea Artaki, Evia, Greece

60 Riga Fereou St, 346 00, Nea Artaki, Evia, Greece Tel: +30 22210 40116 FAX:+30 22210 41362 E-mail: Website:

IRIDA S.A. 2013 Turnover 35,695,840.00 € Profit Before Taxes 3,106,914.00 € Gross Profit 4,996,942.00 € Net worth 7,758,053.00 € Liabilities 20,100,309.00 €

Medical Equipment


Contact Details

Commercial Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 28,376,017.00 €

Contact Details TAXES PROFIT BEFORE 3,541,931.00 €

Contact Details 17 Trapezountos St., Melissia, 15127, Athens Tel: +30 210 6136332 Fax: +30 210 8105298 E-mail: Website:

2014 38,799,239.00 € 3,689,008.00 € 6,009,562.00 € 9,662,758.00 € 23,084,782.00 €

Change (%) 8.69 18.74 20.26 24.55 14.85

One of the fastest growing suppliers of medical equipment Aenorasis, a dynamically growing company of Greek interests, has operated since 1998 in the field of handling and application of medical equipment and pharmaceutical products of various specialties and categories. More specifically, the company is active in the field of diagnostics, marketing products for gynecology and prenatal screening, cytology and molecular biology. Also, Aenorasis supplies a range of medical equipment for oncology, as well as various other hospital devices. Although the company has mainly focused on medical equipment and devices, it has also expanded into pharmaceuticals in more recent years, and has made available pharmaceutical drugs for oncology, hematology, surgery, neurosurgery, nephrology, intensive treatment, anesthesia and gynecology. The company represents leading European and US companies in both Greece and the wider southeast European region. Companies represented include Hospira Inc. (USA), Hologic Inc. (USA), CIS bio - IBA Group (France - Belgium), Genomica SAU - Group Zeltia (Spain) and CR Bard Inc (USA). AENORASIS SA 2013 Turnover 26,367,252.00 € Profit Before Taxes 2,339,611.00 € Gross Profit 14,641,188.00 € Net worth 17,620,908.00 € Liabilities 32,400,119.00 €

2014 28,376,017.00 € 3,541,931.00 € 14,858,726.00 € 19,957,276.00 € 29,904,262.00 €

Change (%) 7.6 51.4 1.5 13.3 -7.7

Diamonds 325


Megara Resins SA

Transforming our vision into innovation Chemical Products Industrial

Megara Resins S.A. is a diversified manufacturer and supplier of raw materials for industrial and architectural coatings as well as rosin based and other synthetic resins for the paint, adhesive, paper and construction industry. The company was established in 1961 and for over 40 years, it has been a pioneer in creating innovative technologies to help coatings formulators meet their customers’ most demanding applications. Today, Megara Resins remains firmly committed to the pillars of innovation and new technologies and is widely regarded as being the most innovative Greek supplier to the coatings industry through its continued investment in R&D, technical support and new product development. Megara Resins offers its customers advanced and diverse products and technologies for surfaces with an emphasis on environmentally friendly products such as powder coating resins, rosin dispersions, alkyd resins, water-based acrylic dispersions, and unsaturated polyester resins. The group is committed to working with its customers to continuously developing environmentally advanced solutions and is dedicated to open communication concerning the safe handling, distribution, use and disposal of the products it makes. Being equipped with highly modern manufactur-

Turnover 41.149.347,00 €

PROFIT BEFORE TAXES 3.709.723,00 €

Contact Details 38th km Neoak, 19100, Megara, P.O. Box: 29 Tel.: +30 22960 83311 Fax: +30 22960 83335 E-mail: Website:

326 Diamonds


ing facilities, it is capable of producing a wide range of solvent-based resins and water-based emulsions, polyester resins and other synthetic resins such as rosin dispersions, alkyd resins, acrylic resins etc. used in the manufacturing of paints and coatings. Megara Resins holds a strong manufacturing base operating in three sites situated in Megara (HQ), in the west Peloponnese and in Vathi Avlidos near Chalkida. “AKFA”, the latter, is the result of a strategic joint venture with a Turkish partner “Ak-Tas Dis Ticaret AS”, where in addition to its production units, at the plant site there is a modern logistics complex comprising a docking facility and a tank farm for the storage of liquid chemicals, the capacity of it is 15.000m3. Storage of liquid chemicals takes place in special tanks that provide all the necessary requirements regarding safety and environmental matters. We continue our strategic global expansion and business development in developed & emerging markets. In 2015, Megara Resins Group reported sales of €51.0 million as a result of organic growth and intense export activity with key presence in more than 53 countries, representing over 80% of its turnover. We aimed to gaining a substantial premium on our cost of capital investing in innovation, as it is the enabler for continued growth. In this direction, profits exceeded €3.1 million and EBITDA €5.2 million, in combination with reduced short and long term loan obligations. Innovations based on effective and efficient research and development, are an important growth factor for Megara Resins. A highly proficient team of senior scientists is dedicated to research in the field of binders for architectural coatings, construction, and paper sizing and to providing our customers with the most innovative, highest quality value-added products and services possible. The company’s research activities are supplemented by an international network of collaborations with leading universities, scientific research institutes and partner companies. The company participates successfully in several EU funded research projects through which targets the development of new products via strategically beneficial collaborations that require skills and competences matching the company’s industrial interests and development needs. Participation in R&D projects has enormous benefits in terms of contacts, opportunities, identifying new and emerging markets for its products, and thus being at the cutting-edge of innovation. This is how we ensure long term business success with chemistry-based solutions for almost all sectors of industry. It is evident from the above that the company, having entered the era of enlargement and development is growing rapidly. Using the latest years’ successful achievements as a stable starting point, the company moves towards an extensive program of complete automation and modernization. However, we operate in compliance with the law and adhere to high ethical standards. We create safe and health-conscious work environments, require compliance and embrace environmental stewardship. Our Mission, is to grow a portfolio of leading specialty chemical businesses, and generate added value for our customers and the company. We create sustainable value for our partners by delivering innovative products and solutions. We realize this mission by setting the highest standards in service, reliability, safety and cost containment in our industry. We deliver superior returns to our shareholders by tirelessly pursuing new growth opportunities while continually improving our profitability, a socially responsible, ethical company that is watched and emulated as a model of success. We are committed to maintaining excellence, respect, and integrity in all aspects of our operations and our professional and business conduct. We strive to reflect the highest ethical standards in our relationships with members, providers, and shareholders. Our Vision, is to be a recognized performance leader of the chemical industry. Being a performance leader means we will achieve operational excellence, industry-leading customer satisfaction and superior financial performance. Megara Resins SA 2013 Turnover 37.080.549,00 € Profit Before Taxes 3.321.602,00 € Gross Profit 7.455.524,00 € Net worth 12.599.983,00 € Liabilities 16.065.675,00 €

2014 41.149.347,00 € 3.709.723,00 € 8.572.553,00 € 13.965.165,00 € 21.693.653,00 €

Change (%) 11,0 11,7 15,0 10,8 35,0

Diamonds 327


Food Products Blu Barilla

Pantone 280



Among the leading players in the sector worldwide

George Spiliopoulos, Chief Executive Officer

Turnover 72,554,075.00 €


Barilla Hellas’ origins date back to 1927 with the establishment of MISKO in Piraeus. In 1991, the company became part of the Barilla Group, trading the group’s products in the Greek market (Barilla pasta, sauces and bakery products). In 2000, the company launched a cutting-edge production facility in Eleona (Viotia, Thebes), the third largest such facility in Europe. In 2001, a mill in Volos, midnortheastern Greece, which grinds 63,000 tons of domestic wheat every year, was added to Barilla Group. Placing particular emphasis on sustainable growth, Barilla Hellas incorporates the group’s values into its local operation. The company’s facility in Eleona produces 55,000 tons of pasta products annually, made of wheat produced by more than 5,500 Greek farmers. The factory’s operation is aligned with the group’s strict environmental standards, with persistent efforts to further lowering its environmental impact. The company currently employs a staff of over 200, and in spite the financial crisis in Greece, Barilla Hellas holds the leading place in the pasta market, as well as in the pasta sauces market, with a share of 45% and 65%, respectively. The company also exports to many countries around the world. Barilla Hellas constitutes a significant business hub and administrative center of Eastern Europe for Barilla Group and is responsible for implementing the strategy of the largest pasta industry in the world, BARILLA SpA, in a cluster of 19 countries in Eastern Europe. The Barilla parent company has a history that stretches back 139 years, beginning in 1877 with a small family-run business in Parma, northern Italy, headed by Pietro Barilla, which produced bread and pasta products. The group is managed by the Barilla family, with the enterprise’s fourth generation, the Barilla siblings Guido, Luca and Paolo, at the helm. The firm operates 30 production facilities around the world, including 14 in Italy, 10 in Europe and 6 in the rest of the world. Also, 26 offices, with one in Italy, fourteen in Europe and eleven in rest of the world. The group produces over 1.7 million tons of food products annually. It employs a staff of over 800 and markets 1700 different products, distributed to 100 countries. In the area of investments (R&D and equipment), during 2014, the firm invested a total of 155 million euros.

3,674,569.00 €

Contact Details 26 Pappou St. & Akragantos St.,10442, Athens, Attica, Greece Tel: +30 210 5197800 Fax: +30 210 5197859 E-mail: Website:,

328 Diamonds

BARILLA HELLAS SA 2013 Turnover 73,424,904.00 € Profit Before Taxes 5,941,291.00 € Gross Profit 29,306,629.00 € Net worth 31,697,532.00 € Liabilities 22,979,366.00 €

2014 72,554,075.00 € 3,674,569.00 € 26,710,169.00 € 31,706,053.00 € 25,745,063.00 €

Change (%) -1.2 -38.2 -8.9 0.0 12.0




A leader in the private label market

Turnover 23,692,102.00 €

Founded in 1977 as Fedon Tsanas SA and based in northern Greece city Thessaloniki’s Thermi district, the company was partly acquired a year later by Dutch company SCHULPEN BEHERR BV, and in 1990 it was renamed to MULTY FOAM SA industrial and commercial plastics company. Multy Foam is a global market leader in household sponges and cleaning cloths. The group employs a staff of over 500 and operates in eight countries, facilitating global activities and local service. It operates production plants in the Netherlands, Belgium, Greece, Hungary, UK and China, as well as sales offices and warehouses in Austria and Spain. The majority of company products are delivered as private label products. The firm offers customers the same high quality, whether its products are packaged under the Multy brand name or as a private label. Multy produces all types of sponges, made of quality polyether and polyester foam. Its facilities in Greece produce over 300,000 cubic meters of foam annually, in more than 50 different varieties, used for Multy’s wide range of products, as well as in the auto, textile and furniture industries, among others. As household cleaning has become increasingly sophisticated, Multy offers a full range of high-quality products, including special anti-bacterial treated hydrophilic sponges with top-quality green scouring fleece. Multy also offers competitively-priced 10-pack sponges. Being a slap stock producer, Multy can supply blocks, sheets or semi-finished products made of polyurethane foam, which facilitates its access into various sectors, including the auto, furniture and bedding industries. The company exports to the Netherlands, Denmark, Ireland, England, Spain, Belgium, Italy, Hungary, Bulgaria, Germany, Cyprus, Africa, America, St. Mauritius, FYROM, Albania and the United Arab Emirates. In 2014, the plastics firm reported a rise in sales rising to 23.69 million euros compared to 22,80 million euros a year earlier. Pre-tax earnings also rose to 3.65 million euros against 3.13 million euros year-on-year.

PROFIT BEFORE TAXES 3,659,733.00 €

Contact Details 57001 Thermi, Thessaloniki, Greece Tel: +30 2310 461 860 Fax: +30 2310 461 862 Email: Website:

MULTY FOAM S.A. 2013 2014 Change (%) Turnover 22,800,360.00 € 23,692,102.00 € Profit Before Taxes 3,139,951.00 € 3,659,733.00 € Gross Profit 6,164,889.00 € 6,928,737.00 € Net worth 34,610,718.00 € 32,943,460.00 € Liabilities 7,323,961.00 € 8,872,219.00 €

3.91 16.55 12.39 -4.82 21.14

Diamonds 329



Power Health Hellas SA Lily Perganta, President & CEO

Turnover 13,605,597.00 €

PROFIT BEFORE TAXES 3,597,917.00 €

Contact Details 59 Deligianni str., Metamorfosi, 14452, Athens, Attica, Greece Τel. +30 210 2821500 Fax: +30 210 2851122 E-mail: Website:

330 Diamonds

Introducing pioneering revolutionary health products for 32 years Power Health Hellas S.A. is a leading and pioneering Greek company that creates, represents, imports, exports and distributes premium quality and innovative Health Food Supplements since 1984. Its current portfolio is comprised of 70 employees, 25 Sales Representatives and over 100 products. Power Health’s products are served directly to 5.000 Pharmacies throughout Greece. Sales departments are based in Athens and Thessaloniki in order to cover all pharmacies with the most efficient and effective way, all over the country. The vision of the company remains focused on making consumers’ lives healthier and happier through the unique benefits that Nature provides us with. Power Health is responsible for opening new doors and horizons in the Greek pharmaceutical industry and throughout its 32 year history it has introduced pioneering revolutionary health products that have paved the way for many other companies to enter and create an Industry of hundreds of jobs, rapid growth and total sales that exceed 80 million euros. Power Health remains the undisputed leader and enjoys increasing and leading market shares in various crucial segments such as Vitamins, Multivitamins, Winter products, Slimming and phytotherapy. Over the last 6 years the company has a strong presence abroad and most notably in the Balkans (Bulgaria, Romania, Albania) and in Cyprus where its presence is prominent and its products have been embraced and accepted with enthusiasm by local niches and target audiences. Power Health’s concepts and formulas are conceived and created by the company’s own Research & Development department – the only R&D department in the Greek Health Food Industry – for local and worldwide distribution and consumption. It is comprised of highly specialized chemists, dietitians and pharmacists that are in the center of the product development process, creating top


quality and innovative natural solutions targeted for the specific needs of each market segment. All formulas are developed with high standards and respect to the natural ingredients extracted and used, aiming at the delivery of safe, efficient and effective products to both the Pharmacies and the end consumer. Power Health is by distance the most awarded company having received only in the last 5 years 21 Global, European and local distinctions form leading Institutions. Some of them include being awarded for 3 years in a row from the Committee of the European Business Awards as one of the leading 400 businesses in Europe while in 2014 Power Health received the Award “Ruban d’ Honneur” as one of the top 100 enterprises in the continent and one of the top 10 in the “Customer Focus” category. Moreover since its inception 3 decades ago the company has been heavily involved in various crucial Corporate Social Responsibility actions and campaigns and for more than 15 years has supported the sacred causes of UNICEF, Medecins sans Frontieres, Pharmacists of the world and Smile of the child. Over the last 4 devastating for Greece years of the economic crisis, Power Health has reached even further by offering daily food nutrition to more than 120 children in Special Needs Elementary Schools. Power Health Hellas SA 2013 2014 Turnover 12,523,521.00 € 13,605,597.00 € Profit Before Taxes 3,838,163.00 € 3,597,917.00 € Gross Profit 9,372,425.00 € 9,928,848.00 € Net worth 3,505,832.00 € 2,147,304.00 € Liabilities 5,557,946.00 € 6,957,948.00 €

Change (%) 8,6 -6,3 5,9 -38,8 25,2

Diamonds 331


Constructions Industrial


Return to profitability in 2014

Turnover 146,101,519.00 €

Intracom Constructions was founded in 1987 as a member company of Intracom Holdings, and went public in 2001 (Athens Stock Exchange). It is now among the sector’s largest players, operating in the following segments: Infrastructure, Building Construction, Real Estate, Industrial & Steel structures, Telecoms, Waste & Water Treatment, Energy- RES and PPP & Bot. INTRAKAT is headquartered in Peania Attica, on the 19th km of Peania –Markopoulo Ave. (building B5 of INTRACOM HOLDINGS complex B). All of the company’s administrative functions are situated here and the offices cover a total surface area of 3,000 sq.m. INTRAKAT’s steel and electromechanical factory is situated in Giannouli, Larisa, on the 5th km of Larisa–Tyrnavos highway, on a total plot of 125,000 sq.m. (25,000 sq.m. sheltered area). The firm is highly active in countries outside of Greece, having undertaken several projects in Poland, Romania, Albania, FYROM, Bulgaria, Cyprus and Iraq. In March 2016, Intrakat signed a 29.2-million-euro contract with the FYROM Ministry of Health, for a series of construction works on a Shtip-based Hospital. The Clinical Hospital will cover a built area of approximately 26.000 sq.m., and will be of a capacity of 350 beds. Works include demolishing of the existing old dilapidated buildings, upgrading site infrastructure, construction of supporting facilities, upgrading and extending of the existing internal street infrastructure, internal & external parking spaces and landscaping. In 2015 the company reported a drop in sales to 147.6 million euros, against 153.39 million euros a year earlier. Constructions & Telecoms Infrastructure accounted for 81% of total revenue (at 119.7 million euros), followed by Renewable Energy Sources (RES) with 12% of sales (at 5.4 million euros), Steel Structures with 4% (18.3 million euros) and Maintenance with 3% of sales (4.2 million euros). At company level, sales for 2015 fell to 128.67 million euros against 146.10 million euros a year earlier. In 2014, the construction firm reported profits of 3.57 million euros, but the positive trend was reversed in 2015, with the company reporting a loss of approx. 6.0 million euros. The Group also recorded a loss in 2015 at 4.41 million euros against a profit of 1.0 million euros a year earlier.

PROFIT BEFORE TAXES 3,578,472.00 €

Contact Details h km Paiania – Markopoulo Ave., 19002, Paiania, Attica, Greece Tel.: + 30 210 6674700 Fax: + 30 210 6646353 E-mail: Website:

332 Diamonds

INTRACOM CONSTRUCTIONS SA INTRAKAT 2013 2014 Turnover 94,790,905.00 € 146,101,519.00 € Profit Before Taxes -24,030,816.00 € 3,578,472.00 € Gross Profit 4,059,939.00 € 23,205,296.00 € Net worth 70,870,483.00 € 69,777,016.00 € Liabilities 111,809,370.00 € 129,870,751.00 €

Change (%) 54.1 471.6 -1.5 16.2




A leading Athens-based toy chain store The Moustakas chain stores started as a small toy manufacturing and marketing firm, by current President George N. Moustakas, who has served as President of the Hellenic Association of Toy Manufacturers (SEVPPA) for 18 years. Since its first steps, Moustakas has set the principles and values upon ​​ which it built its reputation: QUALITY, RESPECT, RESPONSIBILITY. Today, three generations later, the Moustakas stores continue to tenderly embrace children, remaining firm on offering select quality and exclusive toys to fully satisfy both children and parents. While toys have been changing year by year, the firm is still guided by the bright smiles on the faces of children. And this is what it views as its greatest reward.


35,372,266.00 €

35,372,266.00 € 3,433,717.00 €

PROFIT BEFORE TAXES 3,433,717.00 €

Contact Details 17 Louvari St. & 4 Chr. Lada St., 121 32 Peristeri, Attica, Greece Tel.: +30 210 5755112-3 Fax: +30 2105722813 E-mail: Website:

MOUSTAKAS G. N. - HYPER MARKET OF TOYS S.A. 2013 2014 Turnover 30,839,154.00 € 35,372,266.00 € Profit Before Taxes 1,880,016.00 € 3,433,717.00 € Gross Profit 11,467,498.00 € 13,641,759.00 € Net worth 4,831,583.00 € 6,986,048.00 € Liabilities 21,460,250.00 € 31,014,476.00 €

Change (%) 14.70 82.64 18.96 44.59 44.52

Diamonds 333



Turnover 32,695,507.00 €

PROFIT BEFORE TAXES 3,387,470.00 €

Contact Details 25 Pontou St., 502 00 Ptolemaida, Kozani, Greece Tel: +30 24630 25222 Ε-mail: Website:



Dynamic presence amid a challenging environment Founded in 1993 by Ilias Nathanailidis in Ptolemaida, northern Greece, the construction company TE.NA SA nowadays stands as a dynamic presence in the Greek market. Construction projects represent the core activity of TE.NA, while the company is distinguished both for its high quality of delivered projects and efficiency in production. The operations at TE.NA are based on expertise, experience, specialization, investment in human resources, advanced equipment and excellent financial structure. In addition, the firm more recently has been active in the hotel industry. In 2014, the firm reported a rise in sales to 40 million euros against 34.27 million euros a year earlier. Pre-tax income jumped by 4.34 million euros to reach 4.5 million euros. The company has invested heavily in its equipment for projects. In 2014, such investments increased to 2.02 million euros compared to 744,590 euros two years earlier. TE.NA SA 2013 Turnover 34,265,986.00 € Profit Before Taxes 4,342,837.00 € Gross Profit 5,664,781.00 € Net worth 14,923,429.00 € Liabilities 4,220,906.00 €

2014 32,695,507.00 € 3,387,470.00 € 3,799,367.00 € 36,175,202.00 € 6,321,128.00 €

Change (%) -4.58 -22.00 -32.93 142.41 49.76


Developer of one of Greece’s largest shopping malls Commercial Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 € 32,833,016.00

PROFIT BEFORE TAXES 3,295,058.00 €

Contact Details 37A Kifissias Ave., 151 23, Maroussi, Attica, Greece Tel.: +30 2107450600 FAX: +30 2107450645 Website:

334 Diamonds

LAMDA Olympia Village SA, a 50-pct subsidiary of LAMDA Development, is the owner of a 420-million-euro investment which includes The Mall Athens (GLA 58,000 sqm), one of the largest shopping and leisure centres in Southeastern Europe, as well as the ILIDA residential complex and the ILIDA Business Center (office building). Both the ILIDA complex and Business Center have now been sold The company also holds a 50-pct stake in HSBC Property Investments Ltd. The Mall Athens, located close to the Athens Olympic Stadium and suburban railway station “Neratziotissa” in the suburb of Maroussi, the heart of Attica,  is a unique place that is home to more than 200 different options for shopping, entertainment and food, which introduced a new age of shopping and entertainment choices to Athenians. Its range of choices includes brand name commercial chains, restaurants and cafés, innovative movie theaters, and recreational and entertainment areas for the whole family. With a carefully planned, modern architectural design and exemplary ancillary services, The Mall Athens ensures a relaxed, pleasant and safe navigation of visitors to all of is areas allowing them to easily and effectively choose what interests them. The model ILIDA residential complex, also in Maroussi, boasts 241 apartments on three building blocks of a total area of some 15 acres. The complex includes underground parking and storage areas to serve residents, private gardens and public green spaces. It also includes five pedestrianized neighborhoods, which are lined up in a horseshoe shape, each with 4 or 5 three-storey, high-standard buildings. LAMDA OLYMPIA VILLAGE SA 2013 2014 Turnover 34,295,800.00 € 32,833,016.00 € Profit Before Taxes -12,962,404.00 € 3,295,058.00 € Gross Profit 23,279,399.00 € 24,102,324.00 € Net worth 181,970,276.00 € 180,995,961.00 € Liabilities 296,770,899.00 € 295,172,106.00 €

Change (%) -4.27 3.53 -0.54 -0.54


Medicines – Cosmetics Industrial


Leader in 90% of the categories in which it operates

Iro Athanasiou, President & CEO

Turnover 447,282,079.00 €

PROFIT BEFORE TAXES 3,384,390.00 €

ELAIS-Unilever Hellas’ history goes back to 1920, when six Greek businessmen founded a private company called “Aristotle K. Makris & Associates EE”. In 1932, the company was renamed to ELAIS in the following years it managed to achieve rapid growth rates. In Greece, Unilever operates under the ELAIS-UNILEVER HELLAS SA brandname, and is the third largest company in non-durable consumer goods (excluding oil), with an annual turnover in 2014 of 476 million euros. The firm operates in 26 product categories with about 1600 codes and is the No. 1 retail supplier, with strong presence in 35 different points in supermarkets. Specifically, the firm is active in the categories: Foods, Home & Personal Care and Hygiene. Significantly, ELAIS-Unilever Hellas is the leader in 90% of the categories in which it operates. Every year, about 15% of the firm’s total turnover (excluding raw materials purchased by Greek farmers), is returned to the community in the form of taxes to the State, benefits to employees, business reserves and donations-sponsorships. The company is headquartered in the Athens suburb of Kifisia and employs a staff of 750 in Greece and another 50 in Cyprus, where it has established a joint venture with TSERIOTIS, the Unilever Tseriotis Cyprus. The firm operates 3 factories, two in Athens (in Rendis and Neo Faliro) and one in Peloponnese (Gastouni, Ilia), as well as two modern Distribution Centers and Storage facilities in Rentis and Schimatari, and another factory in Nicosia, Cyprus. Unilever is one of the largest consumer products companies worldwide, with global sales totaling 48.4 billion euros (2014). Its products are sold in more than 190 countries. The firm produces more than 400 branded products in the fields of food, ice cream, Home and Personal Care and Hygiene. Some 2 billion consumers in the world use at least one Unilever product every day. The company invests some 90 million euros annually on CSR actions, and for 15 consecutive years (1999-2014) is in the first position of the Dow Jones Sustainability World Indices in the Foods and Beverages sector. Its global staff amounts to a staggering 172,000. At group level, turnover in 2015 grew by 10% to 53,3 billion euros helped by a positive currency impact of 5,9% (2014: negative 4,6%) with a strong boost in the first half of the year due to a weaker euro. Underlying sales 4,1% growth was (2014: 2,9%) balanced between volume growth of 2,1% (2014: 1,0%) and pricing of 1,9% (2014: 1,9%). The turnover by category was: 38% for Personal Care, 24% Foods, 19% Home Care and 19% for Refreshments.

Contact Details Kymis Ave. & 10 Seneka St., 145 64, Kifisia, Attica, Greece Tel.: +30 210 6304500/600 Fax: +30 210 6304501 E-mail: Website:

ELAIS - UNILEVER HELLAS SA 2013 2014 Turnover 451,332,132.00 € 447,282,079.00 € Profit Before Taxes 1,274,260.00 € 3,384,390.00 € Gross Profit 184,100,482.00 € 160,725,161.00 € Net worth 190,402,136.00 € 192,245,876.00 € Liabilities 247,485,456.00 € 261,039,790.00 €

Change (%) -0.9 165.6 -12.7 1.0 5.5

Diamonds 335




Serving leading players in the telecommunication, power and alternative energy industries

Turnover 16,199,128.00 €

PROFIT BEFORE TAXES 3,362,272.00 €

The Assodivers group has been actively involved in offshore and near-shore activities since its establishment in 1976, maintaining cutting-edge technology that provides either turn-key solutions or sub-contracted work for major cable installation companies and marine contractors. Since 1985, Assodivers has been the leading contractor for all Greek-related cable projects, both offshore and onshore. Specializing in submarine cable installation, protection, repair and support operations, Assodivers has established a constantly updated long track record of projects, both domestically and abroad. Capable of providing highly customizable equipment, Assodivers’ clientele includes some of the leading players in the telecommunications, power and alternative energy industries. Assodivers group currently employs more than 240 professionals, including vessel crew involved in company projects, all permanently employed and individually trained to become efficient, highly skilled members of the team. To offer its variety of services, including engineering, execution, and post-installation services and cable repairs, the company owns a fleet of seven vessels. Assodivers possesses a range of equipment available for use on various projects, including specialized underwater vehicles to land-based excavators. Most of the specialized equipment has been designed and manufactured at a production unit in Aspropyrgos, west of Athens, and has been extensively tested on various company projects. All equipment, including remotely operated vehicles and subsea trenching equipment, is customized based on project needs. Assodivers is certified according to the requirements of international standards ISO 9001:2008 (Quality Management), ISO 14001:2004 (Environmental Management) and OHSAS 18001:2007 (Occupational Health & Safety Management) by Bureau Veritas Certification. The company is a member of the Remote Systems & ROV Division of the International Marine Contractors Association (IMCA). Vessels employed by the company to execute projects are certified according to the IMO ISM and ISPS Codes by Bureau Veritas, and are managed by S&O Ship Management Ltd., a Greek and Cypriot ISM DOC holder. The vessels are also registered with the Marine Division of the International Marine Contractors Association (IMCA). Over the years, Assodivers has undertaken major projects for companies such as Alcatel, Fulgor, Nexans, NKT, NSW, OTE, Prysmian (ex. Pirelli), and Greece’s main power utility, PPC.

Contact Details 69 Okeanidon St. & 38 Charilaou Trikoupi St., 192 00 Elefsina, Attica, Greece Tel.: +30 210 4527050 Fax: +30 210 4527053 E-mail: Website:

336 Diamonds

ASSODIVERS Ltd. 2013 Turnover 11,964,699.00 € Profit Before Taxes 4,618,271.00 € Gross Profit 6,404,454.00 € Net worth 11,773,105.00 € Liabilities 15,946,183.00 €

2014 16,199,128.00 € 3,362,272.00 € 5,920,409.00 € 14,992,287.00 € 9,031,253.00 €

Change (%) 35.39 -27.20 -7.56 27.34 -43.36


Information Technology Commercial


Global leader in information technology

Peggy Antonakou, Chief Executive Officer

Turnover 28,690,866.00 €

Microsoft Hellas is a subsidiary firm in Greece for the Microsoft group, a corporation founded in 1975 and nowadays ranked as the largest firm in the development and production of software products around the world. The corporation’s head offices are located in Redmond, Washington, USA, while the company is represented by subsidiary firms in over 120 countries. It employs over 90,000 persons worldwide, of which some 16,000 are based in Europe. Microsoft invests over 9 billion euro annually on research and development. Microsoft Hellas has been active in Greece since 1992, offering products and services used in virtually all professional, educational, and personal activities of Greeks, while thousands of firms, organizations, and public sector firms base their operations on the technology and solutions offered by Microsoft. Parallel to all this, Microsoft also offers a wide range of consulting, educational, and technical services, assuring complete support for associates and clients. More specifically, in the services field, Microsoft is backed by a global organization offering full consulting services (Microsoft Consulting Services – MCS) as well as technical support services for products (Product Support Services – PSS). The firm’s fundamental objective is to contribute substantially to Greek economic growth and support local communities by making technology accessible to all Greeks. The firm employs a staff of 125 at its Greek branch, while a large number of Greeks are employed at Microsoft offices around the world. Microsoft Hellas is renowned for its innovative work environment by offering employees the opportunity to develop their capabilities and rewarding them based on level of performance. The firm also offers its team of employees flexible work hours, while equipping staff with internet access, laptops, and smartphones. In 2013, the firm was awarded a Best Work Place prize for the 50250 employees category. In 2015, Microsoft Hellas reported sales of 29.98 million euros, with gross profit at 5.0 million euros, and pre-tax earnings of 3.49 million euros. At group level, 2015 sales rose to 93.58 billion dollars, compared to 86.83 billion dollars a year earlier. However, profitability plunged to 12.19 billion dollars against 22 billion dollars in2014.

PROFIT BEFORE TAXES 3,341,081.00 €

Contact Details 221 Kifisias Ave, 151 24, Marousi, Attica, Greece Tel: +30 211 1206000 Fax: +30 211 1206003 E-mail: Website:

Microsoft Hellas SA 2013 2014 Turnover 26,425,705.00 € 28,690,866.00 € Profit Before Taxes 1,780,012.00 € 3,341,081.00 € Gross Profit 3,362,539.00 € 4,762,980.00 € Net worth 5,497,975.00 € 7,140,638.00 € Liabilities 12,538,764.00 € 9,715,405.00 €

Change (%) 8.6 87.7 41.65 29.9 -22.5

Diamonds 337




Growing steadily

Turnover 69,228,915.00 €

The Elton group of companies (ELTON SA Greece and its affiliated companies in Romania, Bulgaria and Serbia) is the leading agent and distributor of industrial raw materials in Greece and the Balkan markets. The group strives to cover a wide range of industrial activities performed by customers through six distribution centers in Athens, Thessaloniki, Bucharest, Cluj, Sofia and Belgrade. These facilities, measuring a total floor space of 22,000 square meters, provide over 6,000 specialized products, always promptly available. The group also offers full technical support and information on a constant basis. Sectors covered by the Elton group includes food and beverages, cosmetics, household, paints, coatings, construction materials, textiles, chemical reagents and lab equipment, agrochemicals, animal nutrition and health, water treatment, metal treatment, paper treatment, candles, lubricants, plastics, tires and raw materials for tires. All of ELTON’s activities are export-oriented with a clear focus on the Balkan region, mainly through affiliated companies, but also through direct exports. Its strategy offers the company expanded growth prospects as well as financial and business advantages. Customers in Romania, Bulgaria and Serbia are served through the affiliated companies, while the Albanian and Former Yugoslav Republic of Macedonia (Fyrom) markets are reached through direct exports, launched from two distribution centers in Athens and Thessaloniki. Besides the Balkans, distribution centers also cater to the Cypriot and Middle East markets. ELTON provides high-quality products made by internationally renowned firms. It applies an ISO 9002 quality assurance system. In 2001, the firm also acquired an ISO 9002 quality assurance system from the TUV-CERT certification agency for trade of raw materials and additives, the food and beverage industries, pharmaceutical and cosmetics industries, and construction and chemical industries. In 2014, the firm reported a slight drop in sales to 69.2 million euros, against 70.5 million euros a year earlier, or down 2 percent. Pre-tax income also fell slightly to 3.3 million euros compared to 3.5 million euros in 2013.

PROFIT BEFORE TAXES 3,325,183.00 €

Contact Details Draseza place, Industrial Park, 19011, Avlonas, Attica Tel.: +30 22950 29350 Fax: +30 22950 29305 E-mail: Website:

338 Diamonds

ELTON INTERNATIONAL TRADING S.A. 2013 2014 Turnover 70,540,500.00 € 69,228,915.00 € Profit Before Taxes 3,535,631.00 € 3,325,183.00 € Gross Profit 11,675,491.00 € 10,928,434.00 € Net worth 40,568,342.00 € 41,622,609.00 € Liabilities 24,887,755.00 € 26,591,631.00 €

Change (%) -1.86 -5.95 -6.40 2.60 6.85


Fuel – Lubricants Commercial


Operating one of the largest networks in Greece

Turnover 274,299,000.00 €

PROFIT BEFORE TAXES 3,304,000.00 €

Contact Details 8A Cheimaras St., 15125, Marousi, Athens, Greece Tel.: +30 211 1818050 Fax: +30 210 7705847 Website:

EKO is a member of the Hellenic Petroleum Group and it’s active in the petroleum market. EKO is a dynamic Group with solid foundations, which holds a prominent position in the energy developments in Greece, but also in the wider region of SE Europe. Its gradual transformation from a petroleum to an energy force opened the way for international activities, expansions and alliances, as well as a growth program with selected profitable investments in new sectors. The range of its activities includes: Supply, Refining and Marketing of petroleum products in Greece and abroad, Retail Trade of petroleum products in Greece and abroad, Production and Marketing of Chemical/ Petrochemical products, Exploration and Production of Hydrocarbons, Production and Marketing of Electricity and Natural Gas, Production and Marketing of Renewable Energy Sources, Provision of Studies and Technical Services for technical projects related to hydrocarbons and in the Participation in the transportation of crude oil and products (pipelines, shipping). EKO owns 10 facilities across the country, with premises located in: Aspropyrgos (two facilities), Heraklion, Rhodes, Kos, Corfu, Thessaloniki (two facilities), Skaramagka and Rethymno. EKO-KALYPSO LTD was established on May 31st, 2005, with EKO SA as a sole proprietor. EKO-KALYPSO’s network is widespread throughout the country, both in urban and rural areas. Motorists Service Stations have also joined the Kalypso network. The purpose of the Company is: (a) The establishment and operation throughout Greek Territory of fuel and liquid gas stations; (b) The marketing of fuels, oils and liquid gas, car accessories, packed foods, drinks, beverages, tobacco products, newspapers, magazines and other related items; (c) To establish and operate - in the complexes of fuel and liquid gas stations throughout the Greek Territory - fast food shops, restaurants, cafes, OPAP agencies, lottery, betting, etc., and laundry service shops, car service stations, auto repair, tire and provision of related and other services; (d) To act as a commercial representative, agent or general agent of any foreign or domestic companies for any similar products, goods and services; and, (e) To make use in any way of marks and patents, manufacturing methods, designs, etc., related to the purpose of the Company. In 2015, 29 new petrol stations (19 with the BP sign and 10 with the EKO sing) were added to the Kalypso-operated network, bringing the total number of the firm’s petrol stations to 166. In the deployment of the new stations, priority was given to regions with insignificant EKO-Kalypso presence. In 2015, the firm reported an increase in sales to 308 million euros against 274 million euros a year earlier. Gross profit rose to 28.85 million euros compared to 21.37 million euros in 2014, while net pre-tax income also rose to 4.78 million euros against 3.30 million euros a year earlier. EKO - KALYPSO SINGLE-MEMBER LTD 2013 2014 Turnover 188,863,000.00 € 274,299,000.00 € Profit Before Taxes 2,373,000.00 € 3,304,000.00 € Gross Profit 14,241,000.00 € 21,372,000.00 € Net worth 3,273,000.00 € 5,609,000.00 € Liabilities 13,964,000.00 € 16,427,000.00 €

Change (%) 45.2 39.2 50.1 71.4 17.6

Diamonds 339


Mutual Funds


Eurobank Asset Management M.F.M.C.

Leader in the mutual funds market in Greece

Turnover 18,491,100.00 €

Eurobank Asset Management M.F.M.C. is a 100% subsidiary of Eurobank Ergasias S.A., which is a member of Eurobank group. Eurobank group is a dynamic banking group active in eight countries, with total assets of €73.6 billion and 16,319 employees. Established in 1990, the Group expanded through organic growth and acquisitions to become a leading force in recent years’ developments and the shaping of the banking sector. With a total network of over 960 branches in Greece and abroad, the Group offers a comprehensive range of financial products and services to its retail and corporate customers. In Greece, Eurobank is one of the four pillars of the banking system. With two distinct retail branch networks, the Eurobank Network and the New TT Branch Network, Business Centres, an exclusive private banking network and awarded electronic service channels, the Group’s philosophy focuses on high quality service, reliability and safety. The Group also holds a strategic position in retail and business banking in Bulgaria, Romania and Serbia, offers distinguished Wealth Management services in Cyprus, Luxembourg and London and is also active in the Ukraine. Eurobank Asset Management M.F.M.C. holds a leading position in the areas of mutual fund management, asset management and fund selection in Greece and in the countries where Eurobank operates. More specifically, the funds under management, more than €5.3 billion (31.12.2015), are analyzed as follows: €3.35 billion in Mutual Funds, €926 million in Institutional Portfolios, € 138 million under investment advisory services and €906 million in Third Party Mutual Funds distributed through Eurobank Private Banking in Greece, Cyprus and Luxembourg, as well as through other sub-distributors. It delivers products and services to both private and institutional investors. It specializes in the Greek market and the markets of the wider region of Southeastern Europe and Eastern Mediterranean. Eurobank Asset Management M.F.M.C. offers integrated investment advisory and portfolio management services to institutional clients both in Greece and abroad for the efficient management of their investment portfolio. The range of its specialized services includes: Discretionary Asset Management, Fund Selection, Global Investment Advisory and White Labelling.

PROFIT BEFORE TAXES 3,273,297.00 €

Contact Details 10 Stadiou Street, 10564, Athens, Attica, Greece Τel.: +30 210 3352800 Fax: +30 210 3352890 E-mail: Website:

340 Diamonds

Eurobank Asset Management M.F.M.C. 2013 2014 Turnover 17,481,647.00 € 18,491,100.00 € Profit Before Taxes -31,803,062.00 € 3,273,297.00 € Net worth 20,392,835.00 € 23,250,244.00 € Liabilities 37,223,506.00 € 4,484,354.00 €

Change (%) 5.8 14.0 -88.0


Petroleum Products Commercial

Turnover 168,146,788.00 €

PROFIT BEFORE TAXES 3,239,205.00 €

Contact Details 53 -55 Akti Miaouli, Piraeus, 185 36, Greece Tel: +30 210 4293160 Fax: +30 210 4293345 E-mail: Website:

SHIPPING TRANSPORTATION Commercial Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 8,044,295.00 €

PROFIT BEFORE TAXES Contact Details 3,239,089.00 € Contact Details K. Paleologou St., Piraeus, 185 35, Greece Tel: +302104140600 Fax: +302104140677 E-mail: Website:


Giant of Greek Bunkering SEKAVIN was founded in Greece in 1979 and belongs to the Vardinoyiannis group. It has a market presence in Piraeus and the island of Syros, as a supplier. The firm is one of the largest bunker suppliers to vessels, offering all grades of marine fuel, marine gas oil (MGO), as well as lubricants. It also owns three tankers to meet the needs in Piraeus, the Greek capital’s port city, and Agii Theodori, west of Athens, as well as private facilities on the Greek island of Syros, serving vessels entering the Aegean area. Through its own facilities at Syros Island, SEKAVIN supplies vessels ex pipe and by barge with all Fuel Oil grades from 30CST up to 380CST and MGO, as well as lubricants. SEKAVIN supplies vessels, coming for cargo operation at Agioi Theodori Corinth, with petroleum products of 180CST/380CST / MGO and lubricants along with cargo operation. SEKAVIN is a major supplier of petroleum product at Piraeus port. It can supply vessels with all grades of high quality Marine Fuels from 30CST up to 380CST and MGO according to ISO specifications, as well as lubricants. Respect for the environment is a non-negotiable issue for SEKAVIN. The company is always ready to deal with all unexpected events. The company spares no expense and efforts in order to achieve health and safety protection. Due to safety reasons concerning vessels, crew and installations, the Port of Syros island is one of the most secure and highly protected bunkering station in Greece. This area, both at sea and on shore, is heavily guarded and patrolled. Sekavin Bunkering Stations SA 2013 2014 Turnover 140,950,840.00 € 168,146,788.00 € Profit Before Taxes 2,335,123.00 € 3,239,205.00 € Gross Profit 6,441,057.00 € 6,612,275.00 € Net worth 19,917,629.00 € 23,155,234.00 € Liabilities 13,525,603.00 € 6,168,798.00 €

Change (%) 19.3 38.7 2.66 16.3 -54.4


Posting higher results in 2014 United Marine Agencies SA is an expert shipping agent specializing in International Transportation, Liner Agency and Logistics since 1991, acting as the exclusive agent of EVERGREEN LINE for Greece. From its offices in Piraeus and Thessaloniki, the company provides services to customers all over Greece and can respond promptly and efficiently to their requests whether these concern imports, exports or transshipment trades. The company is also active in the services segment, with activities including ocean freight, customs clearance and road transportation services. The agency, which is accredited with the ISO9001:2008 certification, applies high international quality standards, always seeking to further improve the services offered. The company prides itself for conducting business procedures in an ethical and honest manner by applying anti-corruption principles in line with the UK Bribery Act and US Foreign Corrupt Practices Act. In 2014, the firm reported a rise in sales to 8.04 million euros against 7.21 million euros a year earlier. Pre-tax income also rose slightly to 3.24 million euros compared to 3.09 million euros in 2013.

UNITED MARINE AGENCIES SA 2013 2014 Turnover 7,213,032.00 € 8,044,295.00 € Profit Before Taxes 3,094,568.00 € 3,239,089.00 € Net worth 2,552,078.00 € 867,082.00 € Liabilities 8,350,499.00 € 14,250,454.00 €

Change (%) 11.52 4.67 -66.02 70.65

Diamonds 341


GLEOUDIS N. “KAVEX” SA Tobacco Industrial

Turnover 25,813,894.00 €

Among the sector’s leading companies GLEOUDIS N. “KAVEX” SA is one of the largest and most dynamic firms in Greece’s tobacco industry, engaging in collection, processing, production and exporting of tobacco leaves. The company was founded in 1927 by Nicos Gleoudis in Thessaloniki. Tobaccos are being processed in 2 factories (one for oriental varieties and another for F/C Virginia and Burley tobaccos) in Axioupolis, Kilkis, 70km from Thessaloniki. The sites include warehousing facility of 42,000m2. The firm’s strategic location is offered also for full storage and handling services, specialized in packed tobaccos. The company also fully owns and operates two subsidiaries, Kavex Elbasan SA, in Albania, and Kavex Balkan SA, in FYROM. Although tobacco represents the company’s core business, the firm also has interests in bulk-carrier shipping, real estate and production of food stuffs. In addition, the company maintains a global network of partners and provides various tobacco varieties from countries such Brazil, Argentina, Zimbabwe, Malawi, China, India, Pakistan and Bangladesh. The tobacco company in 2014 reported higher financial results, with sales rising to 25.8 million euros, compared to 23.9 million euros a year earlier. Pre-tax earnings jumped 33% to 3.22 million euros, against 2.42 million euros year-on-year.

PROFIT BEFORE TAXES 3,226,069.00 € 6-8 Fragon St., 54626, Thessaloniki, Greece Tel: +30 2310 536204 Fax: +30 2310 527 720 E-mail: Website:

GLEOUDIS N. “KAVEX” SA 2013 2014 Turnover 23,928,005.00 € 25,813,894.00 € Profit Before Taxes 2,424,319.00 € 3,226,069.00 € Gross Profit 5,261,328.00 € 5,387,408.00 € Net worth 20,448,659.00 € 22,579,918.00 € Liabilities 13,589,684.00 € 14,287,158.00 €


Alfa Agricultural Supplies S.A.

Contact Details

Commercial Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 € 40,500,385.00


Change (%) 7.9 33.1 2.4 10.4 5.1

Standing by Greek farmers Alfa Agricultural Supplies S.A. was established in 1983 by Mr. V. Paissios, operating as a commission agency for agricultural supplies. Through a number of changes, Alfa became a commercial company in 1991, currently employing a staff of 85, including 36 agronomists throughout Greece. The firm maintains offices in Athens, Thessaloniki, Komotini, Larissa, Volos, Arta and Heraklion, Crete island. In 2000, the company constructed in Inofyta Viotias one of the most advanced units for formulation, repacking and distribution of agricultural supplies. At the planning and the manufacture of all installations particular emphasis was given to safety measures for personnel and the environment, which absorbed 40% of the total investment value. The installations cover a surface area of 33,000 sq.m. (7,000 sq.m. sheltered), while a 2,500-sq.m. warehouse operates in Thessaloniki. All installations operate under the strictest specifications in place for chemical products. As the company is dedicated to environmental protection, it participates in recycling programs for all materials used. The company’s products (plant protection chemicals, seeds and fertilizers) are designed to cover most of the existing crops in Greece. The full range of products in combination with the top quality technical services offered to the Greek farmers, have established Alfa Agricultural Supplies as a leading company in this segment.

3,190,515.00 €

Contact Details 73 Ethnikis Antistasseos St., 15231, Chalandri, Attica, Greece Tel.: +30 211 1205555 Fax: +30 211 1205559 E-mail : Website:

342 Diamonds

Alfa Agricultural Supplies S.A. 2013 2014 Turnover 35,406,998.00 € 40,500,385.00 € Profit Before Taxes 1,467,537.00 € 3,190,515.00 € Gross Profit 7,561,291.00 € 9,735,814.00 € Net worth 9,398,549.00 € 11,233,146.00 € Liabilities 17,852,398.00 € 18,006,214.00 €

Change (%) 14.4 117.4 28.76 19.5 0.9



Turnover 14,294,868.00 €

PROFIT BEFORE TAXES 3,135,673.00 €

Contact Details Inofyta Industrial Park, 320 11 Inofyta, Attica, Greece Tel: +30 22620 32918-9 Fax: +30 22620 32040 E-mail: Website:


A leading European specialist Founded in 1989, Maris Polymers S.A. is one of the fastest growing manufacturers of polyurethane liquid-applied waterproofing membranes and resins in Europe. Its stable growth comes as a result of its innovative and quality products, highly specialized personnel and value-added services provided to its clients. Maris Polymers is an independent, privately-owned Polyurethane systems house and one of the leading European specialists in polyurethane liquid applied waterproofing products and cold curing polyurethane resins for Construction, Marine and Industrial applications. In addition, Maris Polymers proves its technological leadership by offering a full range of special solutions and customized products. The firm also offers products in the following categories: Flooring Systems, Waterproofing Systems, Coatings & Sealers, Joint Sealants, etc. Maris Polymers exports its products to more than 45 countries in western and eastern Europe, Mid East, Africa, S.E. Asia and the Americas where it operates either by affiliated companies or through partnerships with local distributors. In the markets of France, Germany and South East Asia, the company operates under its affiliated companies Maris Polymers France Sarl, Maris Polymers Deutschland GmbH and Maris Polymers Asia Pty Ltd (Singapore), respectively. Maris Polymers delivers individual solutions worldwide from its production facilities in Athens, Greece. In 2014, Maris Polymers reported a rise in sales to 14.29 million euros compared to 12.07 million euros a year earlier. Pre-tax income also rose to 3.13 million euros against 2.10 million euros in 2013. MARIS POLYMERS SA 2013 2014 Turnover 12,074,580.00 € 14,294,868.00 € Profit Before Taxes 2,101,287.00 € 3,135,673.00 € Gross Profit 3,295,166.00 € 4,420,490.00 € Net worth 3,184,102.00 € 3,100,256.00 € Liabilities 5,960,916.00 € 6,920,084.00 €

Change (%) 18.39 49.23 34.15 -2.63 16.09

GAVRIEL, DEM. S., & CO. LTD Chemicals Industrial

Apostolos Vakakis

Turnover 454.276.468


96.956.097 47.332.454 € 29,669,672.00

PROFIT PROFITBEFORE BEFORETAXES TAXES Contact Details 3,101,371.00 € 7.207.876 Contact Contact Details Details

9 Melitos St. & Kydonion St., 17121, Nea Smirni, Attica, Athens Tel.: +30 210 9373770-2 Fax: +30 210 9373773 E-mail: Website:

Operating two ultra-modern factories Gabriel is today the largest private Greek company in the field of plant nutrition. The company’s portfolio includes stabilized fertilizers, chemical granular fertilizers, blue blending fertilizers, inorganic minerals, chemical and water soluble raw materials and water-soluble NPK fertilizers. The firm’s installations consist of two privately-owned, ultra-modern fertilizer production plants. One is based in the Peloponnese town of Argos and the other in the mid-Greece city of Volos, which are two of Greece’s main farmer hearts. The Argos factory covers a total surface area of ​​35 hectares, of which 6 hectares are covered. It has a storage capacity of more than 35,000 MT of bulk and packaged goods and operates sophisticated packaging line for granular chemical fertilizer, and is also equipped with a fully-automated production line for water-soluble fertilizers. The Volos plant covers a total surface area of ​​45 hectares, of which 8 hectares are covered, with a storage capacity of over 80,000 MT of bulk and packaged goods, also operating a sophisticated packaging line for granular chemical fertilizer. In addition, the facility boasts a fully-automated production line for NUTRIMORE stabilized fertilizer with AGROTAIN urease inhibitor. As Gabriel is determined to meet all the quality criteria in all operating procedures, the firm is certified according to the ISO 9001 quality management system standard. The company has also expanded its activities abroad, with export sales to Balkan countries, Cyprus, Lebanon, Egypt, Saudi Arabia, Taiwan, etc. In 2015, the firm saw its sales inch up to 29.91 million euros against 29.66 million euros a year earlier. Pre-tax earnings rose to 3.81 million euros compared to 3.10 million euros in 2014. GAVRIEL, DEM. S., & CO. LTD 2013 2014 Turnover 33,553,360.00 € 29,669,672.00 € Profit Before Taxes 3,243,478.00 € 3,101,371.00 € Gross Profit 5,715,690.00 € 5,608,528.00 € Net worth 11,517,688.00 € 13,463,112.00 € Liabilities 8,028,593.00 € 8,226,023.00 €

Change (%) -11.6 -4.4 -1.9 16.9 2.5

Diamonds 343


Pharmaceuticals Commercial

Michael Panou, President & CEO

Turnover 41.431.796,64 €

PROFIT BEFORE TAXES 3.147.476,70 €

Contact Details Industrial Park of Thermi, 570 01, Thessaloniki, Greece Tel: +30 2310 460360 Fax: +30 2310 483441 Website:

344 Diamonds

MP Pharma SA

“Adaptability and market knowledge, recipe for success” M.P. PHARMA S.A. is one of the fastest developing companies in sales and storing medicines, medical products, medical equipment and pharmaceutical products. The company is certified by the Greek Pharmaceutical Organization, while it also possesses certification of ISO 9001:2008. The company has been founded on 16th of December of 2005 with the original brand name: ”EMEA PHARMA –Pharmaceutical Store, Marketing, Representation, Import – Export, Medicines Distribution, Cosmetics and Para-pharmaceutics Public Limited Company”. In 2011 Mr. Michael Panou, who until today is the major shareholder, purchased the company. By the decision of exceptional General Assembly of the shareholders on the 30th of June of 2011 the brand name was amended in “MEDICINES WAREHOUSE MICHAIL D. PANOU S.A.” with the distinctive title “M.P. PHARMA S.A.”. The company’s mission is the development of services and sales related to pharmaceutical and medical products in Greece and abroad. In addition, it aims to represent foreign companies and launch their products in Greece with consistency and reliability. The company’s vision is to be one of the top companies that offer integrated solutions in Greece and the Balkans.


The company’s basic business goals are its development and its establishment as the leader of the pharmaceutical market, its continuous technological progress in order to achieve the optimum result and the creation of innovating functions, the improvement of the quality of the managing and the logistics section, as well as the increase of the profit in conjunction with the simultaneous cost reduction through the increase of profitability. Some of the company’s basic principals are its clients’ satisfaction, the valuation of the teamwork as a means for the achievement of its goals, the creation of an environment of trust and mutual respect and continuous pursuit for higher results. So what should we bear in mind through these challenging times? “We cannot change the weather… we can only adjust our sails” MP Pharma SA 2013 Turnover 37.354.985,24 € Profit Before Taxes 2.671.344,83 € Gross Profit 3.703.968,04 € Net worth 3.489.328,71 € Liabilities 6.128.205,52 €

2014 41.431.796,64 € 3.147.476,70 € 4.524.186,24 € 5.504.740,24 € 5.445.397,05 €

Change (%) 10,9 17,8 22,1 57,8 -11,1

Diamonds 345


Beverages Industrial


Undergoing rapid growth

Ioannis Marlafekas, President & CEO

Turnover 28,619,452.00 €

PROFIT BEFORE TAXES 3,096,024.00 €

Contact Details 88 Agiou Stefanou, Saravali, 265 00 Patra, Achaia, Greece Τel.: +30 2610 529680 Fax: +30 2610 529682 E-mail: Website:

346 Diamonds

Loux - Marlafekas is the biggest purely Greek company in the sector of soft drinks and juices, firmly holding the 2nd place in the market among multinational companies. Today, the company owns and operates three modern facilities in Peloponnese - covering a total surface area of 33,000 ​​ sqm - a production, bottling and distribution facility. In November 2008, Loux added a new modern logistics center in Attica, in order to meet the growing needs for lower transportation costs, and the timely delivery of products. In addition, Loux owns three brands and a wide range of soft drinks and juices. Since 2007, the company has invested over 20 million euros in new, well equipped facilities to produce innovative products. All of Loux’s production procedures are certified as per ISO 9001:2008 and ISO 22000:2005. Loux invests in its workforce since it is an integral part of its success and productivity. Today, the company employs 120 staff members in Achaia, Athens and Thessaloniki. In addition, Loux’s network development is supported by 450 representatives all over Greece and the Loux products reach more than 40,000 final points of sale. Loux products are famous worldwide with exports made to 20 countries, including Germany, Canada, US, England, Australia, Cyprus, China, United Kingdom, Scotland, Israel, Malta, Panama, Switzerland, Romania, Korea, Albania, Qatar, Dubai, Belgium and Holland, accounting for 5% of the firm’s total sales. Moreover, several markets iin the wider region of the Middle East, Southern and Central Africa and Northern Europe have shown interest in Loux products. In 2015 the company reported a rise in sales to 30 million euros agaist 28.6 million euros a year earlier, up 5%. Gross profit rose slightly to 3.3 million euros compared to 3.1 million euro the previous year. As a business organization, Loux has increased job opportunities by more than 30% in the last eight years and, in spite of Greece’s economic recession, salaries were not affected. Quite the opposite, the company has secured exemplary working conditions in all aspects. Loux has received several distinctions and awards over the last decade. Some of the biggest highlights were in 2014 when Loux took over as “Supporter of the Greek Presidency of the EU Council” through which Loux products became the official soft drink of the Greek Presidency. In March 2016, Loux was pronounced “Public National Champion” in the European Business Awards among 36 very popular Greek companies. Significantlly, Loux is among the most successful Greek Companies with zero bank debts and steady growth. It remains focused on its main principles and vision for quality, creativity, thirst for innovation and respect for customers, and continues to express its full support to social, sports and cultural events and activities in Greece, through continuous sponsorships. Finally, the company constantly takes part in many national and international trade fairs and shows and has received numerous awards in entrepreneurial events. LOUX MARLAFEKAS S.A 2013 2014 Turnover 27,019,979.00 € 28,619,452.00 € Profit Before Taxes 2,333,209.00 € 3,096,024.00 € Gross Profit 14,260,743.00 € 16,513,177.00 € Net worth 22,532,587.00 € 21,407,633.00 € Liabilities 8,982,124.00 € 8,176,652.00 €

Change (%) 5.9 32.7 15.8 -5.0 -9.0


Clothing Commercial

Turnover 185,105,004.00 €

PROFIT BEFORE TAXES 3,092,982.00 €

Contact Details 59 Stadiou St., Athens, 105 51, Attica, Greece Tel: +30 2103243101 Fax: +30 2103243127 Website:

Services Commercial Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 5,161,086.00 €

PROFIT BEFORE TAXES Contact Details 3,053,119.00 € Contact Details 33 Galatsiou St. & Markora St., 11141, Athens, Greece Tel: +30 210 2117030 Fax: +30 210 2020994 Website:


No. 1 in sales in the sector in 2014 The Zara chain of stores is one of the leading fashion companies in the world and belongs to one of the largest distribution groups, the Inditex group. Overall, the Spanish group has more than 7,000 stores and employs a staff of some 150,000 worldwide. The largest portion of sales comes from Europe (excluding Spain) accounting for some 46%, followed by Asia and the rest of the world with 21%, Spain with 19% and the Americas with 14%. Up to early 2016, the group operated as many as 160 stores in Greece, of which 46 bear the ZARA sign. The company in Greece employs a staff of 3,000, while its sales in 2014 totaled 185 million euros, placing the firm in the sector’s leading position. The company developed an “eco-efficient” management model for its stores, which reduces energy consumption by 20%, while also incorporating sustainability criteria and efficiency. This includes standard management measures applicable to all processes, from store design, lighting facilities, heating and cooling, to recycling furniture and decoration. Zara supports organic farming and use of organic cotton for clothing production (cotton 100%, with no pesticides, chemicals and bleaches). These items may be easily spotted at Zara stores as they carry distinctive labels. Zara’s trucks, which carry over 200 million garments annually, use diesel fuel of biological origin (5% of total fuel use). The policy reduces CO2 emissions by 500 tons each year. In 2015, Inditex Group reported a rise in total sales to 20.90 billion euros, an increase of 15.4% year-on-year. EBITDA grew 15% to 4.70 billion euros, while net profit rose to 2.88 billion euros, up 15% year-on-year. ZARA HELLAS SA 2013 2014 Turnover 183,444,670.00 € 185,105,004.00 € Profit Before Taxes 10,767,701.00 € 3,092,982.00 € Gross Profit 85,762,748.00 € 80,980,567.00 € Net worth 48,653,189.00 € 49,039,058.00 € Liabilities 43,304,689.00 € 30,721,992.00 €

Change (%) 0.9 -71.3 -5.6 0.8 -29.1


No.1 worldwide in service vouchers Edenred is the company which invented the Ticket Restaurant® meal voucher and a world leader in prepaid corporate services. It designs and manages solutions that make life easier for employees and improve the overall performance level of companies. Edenred believes that companies which care about the welfare of their employees earn huge benefits from dedication, motivation and productivity. Combining decades of proven experience and capacity with the latest technological innovations, Edenred is nowadays recognized worldwide as a leader in service vouchers, while holding a strategic position in the human resources services market. Edenred enjoys a presence in 42 countries with 40 million users, 640,000 corporate clients and more than 1.4 million points, or affiliated stores. Since 1997, when Edenred began operating in Greece, it has developed into a powerful force in the domestic market and works with over 2,300 corporate clients, serving more than 100,000 users. At the same time, its services are linked with more than 10,000 affiliated stores. Globally, the firms enjoys a 30-pct market share. Edenred offers products in four categories: Employee Benefits, Expense Management, Incentive & Rewards Programs and Public Social Programs. Employee Benefits includes the Ticket Restaurant® service. Expense management includes the Ticket Car®, Fuel Card & Ticket Restaurant Meal Expenses® services, while Incentive & Rewards Programs offers the Ticket Compliments® prepaid cards. EDENRED SA 2013 Turnover 4,217,552.00 € Profit Before Taxes 2,235,353.00 € Gross Profit 3,812,719.00 € Net worth 668,592.00 € Liabilities 25,866,364.00 €

2014 5,161,086.00 € 3,053,119.00 € 4,653,118.00 € 666,592.00 € 32,034,058.00 €

Change (%) 22.4 36.6 22.0 -0.3 23.8

Diamonds 347


Food and Beverages Industrial


“Armed” with its factories

Turnover 79,476,832.00 €

PROFIT BEFORE TAXES 3,071,331.00 €

Pavlos N. Pettas S.A. (PNP) was founded as a small soap producing enterprise by Pavlos Pettas and was named after him in 1947. In the years that followed, the company presented rapid growth. Today the firm is active in two major sectors: vegetable fats production for the food industry and raw materials for the bakery market. PNP mainly addresses food industries and qualified food producing companies as well as catering enterprises, specifically those producing croissant, biscuits, ice-cream, puff-pastry, dairy, bakery and snack products, filling creams, ruskies, etc. The majority of our products is registered under two brand names: FAMA® and FAMA® Premium Line for fats and margarines. The company has more than 80,000 sqm of privately-owned installations in Greece and another 110,000 sqm in Bulgaria, approximately 120 highly educated and trained employees, fully automatic and electronic equipment aged less than 3 years old, three distribution centers all over Greece and a significant amount of exports to the Mediterranean and Eastern European countries. A significant amount of products is exported to the E.U., former Eastern European countries as well as well as North Africa, Asia and North America. Our exports consist of more than 40% of our total sales per year. After thorough research, the company decided to invest its resources in Sustainable Sources of Energy in 2003. In accordance with the EU30/2003 Directive and Kyoto Treaty regarding the reduction of Greenhouse gas emissions, PNP founded one of the first biodiesel production units in Greece. The foregoing green biodiesel energy production unit was established in August 2006 by using byproducts of existing sources, therefore giving extra value to the production process. Furthermore, the company now deploys organic «energy» plants, cultivated entirely by Greek farmers, in order to supply energy by sustainable means. The production rate of the company rises over 100,000 tonnes annually and operates independently from other facilities in the Industrial Area of Patra. The employees of the company are scientifically specialized, which offers the potential to produce second generation biofuels. In the area of biomass, in 2011 the company established THRAKIAN BIOGAS SA with a 60% shareholding and has also received 3 licenses from RAE (Regulatory Authority of Energy) for the construction of 3 green power stations of 3 MW each in the northern part of Thrace using biogas, derived from anaerobic digestion of biomass. Also, in 2012 the company established the ALIARTOS BIOGAS SA, located in central Greece, with a 60% shareholding and has also received 1 license from RAE for the construction of one green, biogas-use 3MW power station.

Contact Details 131 R. Fereou St., 26221, Patra, Greece Tel.: +30 2610 242 100 Fax: +30 2610 242 119 Website:

348 Diamonds

PAVLOS N. PETTAS S.A. 2013 2014 Turnover 129,010,742.00 € 79,476,832.00 € Profit Before Taxes 5,047,558.00 € 3,071,331.00 € Gross Profit 15,169,238.00 € 8,908,588.00 € Net worth 46,066,637.00 € 47,780,748.00 € Liabilities 62,276,024.00 € 59,077,812.00 €

Change (%) -38.4 -39.2 -41.27 3.7 -5.1


Diamonds 349


BEVERAGES Industrial

Nikos Chitos, Vice President

Turnover 41,202,804.00 €

PROFIT BEFORE TAXES 3,030,351.00 €

Contact Details 12th km Ioaninnon-Konitsa Rd, 45500 Ioannina, Greece Τel.: +30 2651061843, 2651085033-4 FAX: +30 2651037074 E-mail: Website:

350 Diamonds

CHITOS SA - ZAGORI, Natural Mineral Water

Τhe first Greek company exporting water abroad The Natural Mineral Water ZAGORI with a strong vision and its values has managed to create heart relationship with consumers by gaining their preference. Having completed 30 years of presence in the Greek market now it has been travelled around the world as one of the best ”ambassadors” of our country abroad! Today CHITOS S.A. is one of the most pioneer and successful Greek companies with leading presence to the sector of bottled waters, which contributes continuously and essentially to the national economy. CHITOS SA currently operates three modern plants, all with a vertically integrated production in the areas Perivleptos, Kranoula and the Industrial Zone of Ioannina. The privately owned certified springs are located in the region of Zagori. With guaranteed waters quality, due to the exceptional geological climate conditions in Epirus and our strict controls conducted during the bottling phase, ZAGORI is officially recognized by the European Union as a Natural Mineral Water. Each ZAGORI water bottle combines experience with the original quality of nature and the cutting- edge technology in the field of water bottling. ZAGORI Natural Mineral Water bottling is proceeded by edge technology machinery, guaranteeing a sealed and microbiologically sterile bottling in less than 5 sec. per unit, with no human intervention.


CHITOS SA is the first Greek company exporting water abroad. Natural Mineral Water ZAGORI is traveling already to 22 countries worldwide (USA, Canada, Australia, Russia, E.U., Balkans, South Africa and others) while at the same time is developed to the markets of India, Congo and China. The label “Natural Mineral Water ZAGORI” has been translated into 10 foreign languages, while the company develops new packaging depending on the requirements of each market and the needs of the consumers in all over the world. The favorite natural mineral water ZAGORI is approved for its quality throughout the world. The goal to establish ZAGORI and its packages as “worthy ambassadors’ of the country abroad, is seems to be achieved. CHITOS S.A. continues its successful course by staying consistent, and aiming at the sustainable growth and progress, supporting essentially the Greek economy. CHITOS SA 2013 Turnover 43,071,799.00 € Profit Before Taxes 3,020,141.00 € Gross Profit 19,157,103.00 € Net worth 29,454,891.00 € Liabilities 9,814,977.00 €

2014 41,202,804.00 € 3,030,351.00 € 19,569,227.00 € 30,893,737.00 € 8,826,589.00 €

Change (%) -4,3 0,3 2,2 4,9 -10,1

Diamonds 351


Cosmetics Commercial

Turnover 41,711,731.00 €

PROFIT BEFORE TAXES 2,981,281.00 €

Contact ContactDetails Details 7 P. Marinopoulou St., 17456 Alimos, Attica, Greece Tel.: +30 210 9898038 Fax: +30 210 9888990 Website:

Sephora Greece SA

Member of the world’s most luxurious family! The secret of success of Sephora stores, which makes them so unique worldwide, is summarized in five words: experience, freedom, information, choice, service. Sephora Greece, part of the LVMH group, operates through its domestic Sephora cosmetics stores. LVMH is the international market leader in luxury products, including Christian Dior, Louis Vuitton, Moet & Chandon, Dom Perignon, etc. In Greece, the firm operates 37 stores in Athens, Thessaloniki and major other cities across the country. Globally, some 1,900 Sephora stores and corners operate in 29 countries around the world, being the number one cosmetics chain in France and the US and the number two in Europe. Sephora stores are famed for their extensive choices, offering all recognized cosmetics brands and designer perfumes, exclusive innovative cosmetics lines that create global trends such as Make up For Ever, Strivectin and many more. In addition, Sephora’s own branded cosmetics are among the most successful worldwide thanks to quality and packaging, earning daily more and more admirers in Greece. The most famous Sephora stores in Europe and the US employ the «free shopping experience», a shopping environment envisaged to present products in the best possible way. Qualified staff respond to all customer inquiry, without guiding. No wonder celebrities across the world choose Sephora for their personal beauty experience! In 2014, the company reported a rise in sales to 41.71 million euros, up 2.81% yearon-year. Pre-tax income also rose to 2.98 million euros, up 9.29% year-on-year. Sephora Greece SA 2013 Turnover 40,569,703.00 € Profit Before Taxes 2,727,855.00 € Gross Profit 14,487,442.00 € Net worth -24,502,237.00 € Liabilities 52,594,913.00 €

2014 41,711,731.00 € 2,981,281.00 € 15,202,932.00 € -21,601,425.00 € 47,440,219.00 €

Change (%) 2.8 9.3 4.9 -9.8


Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 € 21,441,358.00



Retail network with 51 stores across Greece “Ioannis Arg. Kourouniotis SA’’ was founded in 1990 by Ioannis Kourouniotis, making strong impact on the wholesale footwear market. The firm was originally active in slippers but gradually expanded to a wider range of footwear for men, women, children and sports. The company’s facility, consisting of administrative offices and storage areas, is spread over a floor space of 3,500 sqm, located in Acharnes, Attica. In 2001, the company also entered retail and enjoyed rapid growth. The company’s outlets carry the brand name “VOI & NOI”, a part of the “Ioannis Arg. Kourouniotis SA’’ corporate group. The firm operates a network of 51 stores throughout Greece. Backed by strong activity in the trade of footwear and accessories, the firm has won awards for its rise and supremacy. Quality, combined with production flexibility, design and affordability, constitute the brand’s ingredients of success.

2,977,354.00 €

Contact ContactDetails Details 224 Molas St. & Kerkyras St., 136 79 Acharnes, Attica, Greece Tel. : +30 210 2433629 FAX: +30 210 2433990 E-mail: Website:

352 Diamonds

ZANCHOU SHOES I.A.KOUROUNIOTIS SA 2013 2014 Turnover 19,010,523.00 € 21,441,358.00 € Profit Before Taxes 1,922,788.00 € 2,977,354.00 € Gross Profit 6,365,315.00 € 8,281,151.00 € Net worth 15,371,958.00 € 17,394,748.00 € Liabilities 3,315,559.00 € 4,661,006.00 €

Change (%) 12.79 54.85 30.10 13.16 40.58



A pioneer in the biotechnology sector Pharmaceuticals Commercial

Abiding by its commitment to take full advantage of the potential of biotechnology and explore the complex pathways of disease for patients suffering from serious diseases, Amgen Hellas focuses on the discovery, development, production and marketing of novel treatments. This approach, based on the use of tools such as advanced human genetics, aims at shedding light on the complexity of diseases and understanding the basic principles of human biology. Amgen began its activity in Greece in January 2007, with the objective to expand its strong company network and ensure Greek patients’ access to innovative treatments that can help to create added value both for patients themselves and the health system. Since 2010, Amgen is commercially active also in Cyprus through a local partnership. In 2013, a landmark year for the company, Amgen acquired full control of its business in Greece, by taking over the parent company’s full oncological and renal portfolio. As a result, its 2013 sales jumped to 94.3 million euros compared to 29.3 million euros a year earlier. Net income also jumped to 2.6 million euros against 321,000 euros year-on-year. Amgen Hellas, moving forward along the parent company’s path, has managed to develop its portfolio by providing innovative treatments in the areas of oncology, hematology, nephrology, metabolic diseases, inflammatory diseases and bone diseases. At the same time, it is developing one of the most innovative new molecule portfolios, showing respect for the code of ethics and seeking to offer additional value to patients and the community. In Greece, Amgen has been investing in both conducting major clinical studies, mainly through large international interventional studies, and enhancing young scientists’ scientific knowledge, so that biotechnology, which reflects the future diagnosis and treatment, becomes a more accessible and attractive object of employment and investment. Amgen’s innovative therapeutic preparations have been recognized in Greece and have won major awards, such as Prix Galien Greece 2013 & 2015 in the categories “Best Orphan Drug” and “Best Biotechnology Product,” respectively. In addition, the firm has formed a high-quality and efficient work environment aimed at contributing to the whole community, also recognized by the institution of Best Workplaces for 2011 and 2014. As a pioneer in the field of biotechnology ​​ and research, Amgen is now the largest independent biotechnology company in the world, with its presence spanning across more than 75 countries. Since 1980, Amgen was among the first companies to deliver on a promise of this new scientific reality by bringing safe and effective medicines from the lab to the manufacturing plant and ultimately to patients. Amgen’s therapeutic products have changed the way of medical practice, helping millions of people around the world in the fight against cancer, kidney disease, rheumatoid arthritis, bone disease and other severe diseases.

Turnover 90,852,126.00 €

The discovery, development and marketing of innovative treatments for serious diseases are based on the progress made in the fields of recombinant DNA and molecular biology. Today, being among the top 500 Fortune magazine companies, Amgen offers its services to millions of patients and is a company still driven by innovation and scientific knowledge, implementing its commitment to helping people in combating severe diseases.

PROFIT BEFORE TAXES 2,968,395.00 €

Contact Details 4 Gravias St., 15125, Marousi, Attica, Greece Tel.: +30 210 3447000 Fax: +30 210 3447050 Website:

AMGEN HELLAS LTD 2013 Turnover 94,318,583.00 € Profit Before Taxes 2,606,115.00 € Gross Profit 19,419,958.00 € Net worth 29,600,098.00 € Liabilities 60,868,594.00 €

2014 90,852,126.00 € 2,968,395.00 € 18,654,968.00 € 32,568,493.00 € 44,395,717.00 €

Change (%) -3.7 13.9 -3.94 10.0 -27.1

Diamonds 353



Turnover 103,189,840.00 €

PROFIT BEFORE TAXES 2,967,273.00 €

Contact Details Pirgou St. & Prespas St, 183 46 Moschato, Attica, Greece Tel: +30 210 4839200 Fax: +30 210 4839206 E-mail: Website:

Among Greece’s leading meat companies Brothers Haralabos and Ioannis Floridis began their successful business involvement in the meat processing sector in 1980, taking over a family business that had been headed by their father since 1953. The duo swiftly established the firm as one of the leading enterprises in the sector and, in 2000, launched an updated company, Floridis SA, at an ultra-modern, privately-owned meat processing and packaging facility. Investments in the firm’s production facilities and well-trained personnel, numbering 285 persons, have played a significant role in the company’s continued growth. In 2010, the firm launched a new privately-owned, 10,500-sqm production facility adjacent to the central meat market in Renti, a district close to the port city of Piraeus. This production plant is equipped with ultra-modern facilities and has a storage capacity of 2,500 tons. The firm also owns a modern fleet of refrigerator trucks. The production facility is equipped with 2,000 cubic meters of refrigerated booths for fresh and frozen meat products, two latest-generation fast-freeze units, as well as 4,000 sqm of air-conditioned production and transportation space. All in all, the factory is a model, designed in accordance with the most advanced systems. FLORIDIS MEAT SA 2013 2014 Turnover 103,462,951.00 € 103,189,840.00 € Profit Before Taxes 3,376,750.00 € 2,967,273.00 € Gross Profit 19,135,996.00 € 19,702,368.00 € Net worth 32,258,273.00 € 31,551,995.00 € Liabilities 38,111,518.00 € 40,134,604.00 €

Change (%) -0.26 -12.13 2.96 -2.19 5.31

EUROCHEM AGRO HELLAS SA Chemicals Commercial Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 39,285,453.00 €

PROFIT BEFORE TAXES 2,944,905.00 €

Contact Contact Details Details

249 Mesogeion Ave., 154 51 Filothei, Psichiko, Greece Tel.: +30 211 1769170 Fax: +30 211 1769173 E-mail: Website:

354 Diamonds

Among the world’s largest fertilizer producers EuroChem Agro GmbH is part of the EuroChem Group and one of the leading providers of nitrogen and phosphate fertilizers. The products for field crops, horticulture, fruit farming and viticulture deliver the full gamut of important nutrients. From classic basic fertilizers, such as Calcium Ammonium Nitrate (CAN), Urea, Monoammonium Phosphate (MAP) or Di-ammonium Phosphate (DAP), to Nitrophoska® complex fertilizers and on to the innovative stabilized mineral fertilizers of our ENTEC® series. Approximately 90 employees work in the Mannheim-based headquarters, where the company controls the worldwide distribution of more than 4 million tons of fertilizer annually. EuroChem is a leading global agrochemical company producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore. The Group is vertically integrated with activities spanning from mining and hydrocarbons extraction to fertilizer production, logistics, and distribution. EuroChem is currently developing two sizeable potash deposits in Russia with its VolgaKaliy and Usolskiy Potash greenfield projects. Headquartered in Zug, Switzerland, the Group operates production facilities in Belgium, China, Kazakhstan, Lithuania, and Russia and employs more than 23,000 people globally. In addition, the group operates: three raw material sites, two potash projects, 4 logistic centers, seven production sites and twelve sales & distribution centers. In 2015, the Group reported a slight drop in sales to 4.54 billion dollars compared to 5.09 billion a year earlier. EBITDA stood at 1.58 billion dollars, while net income amounted to 756 million dollars. EUROCHEM AGRO HELLAS SA 2013 2014 Turnover 35,551,011.00 € 39,285,453.00 € Profit Before Taxes 1,990,349.00 € 2,944,905.00 € Gross Profit 5,344,018.00 € 6,125,610.00 € Net worth 12,053,548.00 € 14,163,484.00 € Liabilities 10,874,579.00 € 10,688,129.00 €

Change (%) 10.5 48.0 14.6 17.5 -1.7


Clothing Industrial


Standing up to the multinationals

Vasilis Bitharas, Chief Executive Officer

Turnover 54,209,950.00 €

Founded in 1980, under the company name BSB, the enterprise switched to its new name, B&F, in August 2014. It entered the business of producing and trading women’s clothing. In more recent years, the firm has also made a dynamic entry into the sector of women’s accessories, shoes, underwear, and swimsuits. In 2007, the firm, in a joint effort with AMVIS, launched a pioneering sunglasses and reading glasses series, making these available at optical shops and selected BSB outlets. As a result, the firm now offers a comprehensive range of products, or total look, for women. Nowadays, the firm holds a leading place in the women’s fashion sector with 100 stores in Greece and abroad, as well as over 200 multi-brand stores where its brand is available. The firm holds the exclusive rights for design and production of clothing created by the well-known UK brand Forever Friends. In early 2008, B&F became the first company to create a new eco-friendly clothing series made entirely of organic cotton. Remaining true to its export orientation, the firm, in recent years, has invested in its development abroad. Having started as a small-scale industry in the 80s, the firm recently managed to open its 100th store, in London. It is present in Turkey, and runs a total of 34 outlets abroad, including Romania, Cyprus, Egypt, Saudi Arabia, Lebanon, Bulgaria, Albania, Moldova and Armenia. Plans for the launch of new outlets in Russia and Dubai have been put on hold as the ongoing recession in Greece has forced the firm to retreat. Even so, the achievements made to date are lofty. At present, B&F employs a staff of 250 full-timers, as well as over 300 through franchised outlets. B&F staff receives training on a on-going basis, making it a very significant component in the company’s endeavors. B&F operates a facility at its privately-owned property in the Nea Philadelphia district, northwestern Athens, by the national highway. Investments at this facility have exceeded 20 million euros. Spread over 20,000 square meters on a plot of land measuring 2.6 hectares, the facility includes the firm’s administrative division, as well as logistics, tailoring, and quality-control departments.

PROFIT BEFORE TAXES 2,902,804.00 €

Contact Details 10th km Athens-Lamia National Highway, 143 42, Nea Philadelphia, Attica, Greece Tel: +30 210 2509000 E-mail: Website:

B&F SA 2013 Turnover 47,410,206.00 € Profit Before Taxes 4,967,095.00 € Gross Profit 26,152,212.00 € Net worth 24,211,426.00 € Liabilities 32,386,437.00 €

2014 54,209,950.00 € 2,902,804.00 € 30,782,852.00 € 25,357,422.00 € 58,924,133.00 €

Change (%) 14.3 -41.6 17.71 4.7 81.9

Diamonds 355


Personal Care & Pharmaceuticals Industrial

Johnson & Johnson Hellas SA

With a 41-year presence in the Greek market

Turnover 95,235,883.00 €

PROFIT BEFORE TAXES 2,816,091.00 €

Contact Details Aigialeias St. & 4 Epidavrou St., 151 25 Marousi, Athens, Greece Tel.: +30 210 6875555 Fax: +30 210 6850309 Website:

356 Diamonds

Johnson & Johnson is a dynamic multinational giant operating in the markets of consumer, pharmaceutical and medical products. The group’s successful 129-year-long history is reflected upon its international ranking as the top sixth company in consumer health care products, as well as the largest company in medical and diagnostic equipment, fourth largest in biotechnology and eighth largest pharmaceutical. The group has more than 250 subsidiaries in 60 countries employing a staff of some 128,700. In Greece, Johnson & Johnson was founded in 1975, selling consumer and medical products, many of them produced at its Mandra-based plant. The firm’s management aims to further strengthen its presence in Greece, where it operates in the production of consumer goods and medicines. It is no wonder that the parent company in 2012 invested approximately 170 million euros in its Greek subsidiary, significantly increasing the company’s equity. With an already strong production in the pharmaceutical sector through Famar, J&J extends its Mandra-based plant’s capacity to the consumer products sector. The specific unit specializes in the production of cosmetics and sunscreen products, exported worldwide. In Greece, J&J is active in three sectors - consumer products, pharmaceuticals and medical supplies, with an equal number of subsidiaries. Investing in new production lines or transferring to Greece activity from other markets, the multinational group expects to further strengthen one of the biggest and most modern factories operated by the multinational firm. Notably, in the consumer goods sector, the company produces OTC products (non-prescription drugs), as well as skin care, baby care, feminine and oral hygiene products. The group’s factory in Greece is one of the three J&J’s European consumer product factories. Already, as much as 95% of Greek production is exported to more than 35 countries, while the company has the flexibility required to manage costs and remain competitive. According to management, J&J Group in Greece enjoys a leading position in the key product categories it is active in, employing a total staff of 500, and plans to further strengthen its position. The companies operating in Greece are Johnson & Johnson Hellas Consumer SA and Johnson & Johnson Hellas SA. The first one, in 2014, reported a 2.6-percent rise in sales to 54.72 million euros, compared to 53.31 million euros a year earlier. Pre-tax income jumped by 12% to 1.44 million euros against 1.29 million euros year-on-year. In the same year, the second one, Johnson & Johnson Hellas SA, also posted a rise in sales to 95.23 million euros against 92.12 million euros a year earlier. Its pretax income dropped to 2.81 million euros compared to 4.88 million euros year-on-year. Johnson & Johnson Hellas SA 2013 2014 Turnover 92,122,549.00 € 95,235,883.00 € Profit Before Taxes 4,880,679.00 € 2,816,091.00 € Gross Profit 25,974,866.00 € 27,682,231.00 € Net worth 173,948,142.00 € 175,603,401.00 € Liabilities 24,752,235.00 € 23,074,142.00 €

Change (%) 3.4 -42.3 6.57 1.0 -6.8


Transportation Services Commercial


Progressive thinking, Innovation, Hard work

Kallinikos Kallinikos, Executive Vice President

Turnover 51,856,013.00 €

Goldair Handling is a leading supplier of ground handling services in South East Europe. In Greece, Goldair Handling offers the full range of passenger, ramp, aircraft, cargo & mail services. Goldair Handling also provides representation of airlines, flights supervision, crew administration, as well as VIP, executive aviation and airport lounge services. Goldair Handling is the first private ground handling company to operate in the liberalized Greek market since 1999. Since then, Goldair Handling was granted ground handling licenses to the airports mentioned below, resulting to a network of 26 airports in Greece, while the firm has won various awards from its valuable partners - airlines, authorities and airports. Goldair Handling serves the following airports: Athens (1999), Heraklion (2001), Thessaloniki (2001), Rhodes / Corfu (2005), Chania / Kos / Zakynthos / Mykonos / Santorini / Kefallinia (2010), Samos / Chios / Mytilene / Preveza-Aktion / Kavala / Kalamata / Skiathos (2011) and Araxos / Karpathos / Alexandroupolis / Ioannina / Lemnos / N. Aghialos-Volos / Paros / Skyros (2012). The company’s clientele includes more than 100 airlines including Aegean Airlines, Aeroflot, AirFrance, Air Mediteranne, Alitalia, Arkia Israel Airlines, Astra Airlines, Cyprus Airways, Emirates, easyJet, Etihad, Jet Time, KLM, LOT, Lufthansa, NetJets, Novair, Olympic Air, Primera Air, Qatar Airways, Small Planet, Tarom, Turkish Airlines, VIM Airlines and many more. Goldair Handling maintains a certified Quality and Environmental Management System, in accordance with the standards of ISO 9001:2008 & ISO 14001:2009, for the following activity fields of Ground Handling Services: Passenger and Ramp Services and Cargo and Mail Services. Goldair Handling is the first ground handling provider in Greece certified by IATA Safety Audit for Ground Operations (ISAGO), for the Organization and Management of the Company, as well as for the stations of Athens (ATH) and Thessaloniki (SKG). Goldair Handling is also active in Cyprus, with LGS Handling Ltd which is a Joint Venture between Louis Group and Goldair Handling, formed in 2008. Louis Group is one of the leading organizations in travel, cruising, hotel and catering groups in the Mediterranean, which has been providing passenger handling services and ramp supervision since 1947 in Cypriot airports.

PROFIT BEFORE TAXES 2,790,272.00 €

Contact Details Athens International Airport “El. Venizelos” Building 24, 1st Floor, 19019 Tel.: +30 210 3543889 Fax: +30 210 3543750 E-mail: Website:

GOLDAIR HANDLING S.A. 2013 2014 Turnover 44,141,231.00 € 51,856,013.00 € Profit Before Taxes 1,016,494.00 € 2,790,272.00 € Gross Profit 4,161,110.00 € 6,237,097.00 € Net worth 4,367,343.00 € 7,143,415.00 € Liabilities 14,028,593.00 € 16,123,680.00 €

Change (%) 17.5 174.5 49.9 63.6 14.9

Diamonds 357



Palirria SA

The world’s No. 1 dolma producer

Konstantinos Souliotis

Vasilios Souliotis

Turnover 35.124.464,00 €

PROFIT BEFORE TAXES 2.778.088,00 €

Palirria was founded in 1957 on the island of Evia, Greece as a privately-owned business by entrepreneur Antonis Souliotis. Its primary purpose was the production and distribution of traditional ready-to-eat meals for the domestic and international markets. PALIRRIA remained a personal business until 1982, when it acquired a corporate form with the participation of Antonis Souloitis’ sons, Konstantinos and Vasilis. This corporate structure gave Palirria a potential that resulted in a leading position in the Greek market. In 1989 the company began to invest in modern and technologically advanced facilities and new offices. The project was completed in 1992 with the reallocation of its operations. Today, Palirria owns 3 manufacturing units, of a total floor space of over 30,000 sqm, and employs about a highly qualified staff of 1,400. The firm’s annual production capacity amounts to 17,000 tons. Additionally, the company cultivates its privately-owned vineyards, having the total control of the production of vine leaves, which is the basic ingredient of Palirria’s bestselling product: dolma. Palirria’s product range comprises 40 different codes that are based on traditional Greek and Mediterranean cuisine, with the basic product being dolmas (stuffed vine leaves). Specifically, Palirria is the No. 1 dolma producer in the world, with a production capacity of more than 1.4 million dolmas per day. The most impressive fact about dolmas is that this product is handmade. Except for dolmas, Palirria’s product portfolio includes many other traditional Greek meals in various packages, such as cans, jars, plates or innovative plastic bowls, as well as a wide selection of favorite Italian pasta dishes under the brand name Pasta Mia, and a large variety of delicious frozen meals which are the best choices of Greek cuisine under the brands name My Greek Meal and Today’s Special. Throughout the years Palirria enhanced its global presence and currently its products can be found in more than 40 countries around the world, including the USA, Canada, most European countries, Middle East and Australia. The firm is also trusted to produce private labels products for some of the largest retail chains worldwide. Palirria keeps on dynamically focusing on quality, innovation and customer satisfaction, remaining firm on its vision is to be the world’s ambassador of Mediterranean and Greek Cuisine. In that scope, Palirria develops new product lines and customized products, constantly upgrading the visual identity and packaging of classic products, making them more environmental and consumer friendly and opens new markets.

Contact Details 2nd km Psahna - Politika country road, Politika, Evia, 344 00 Tel: +30 22280 24735 Fax: +30 22280 24113 Email: Website:

358 Diamonds

Palirria SA 2013 Turnover 26.816.138,00 € Profit Before Taxes 739.193,00 € Gross Profit 4.486.412,00 € Net worth 9.570.983,00 € Liabilities 9.595.723,00 €

2014 35.124.464,00 € 2.778.088,00 € 7.055.424,00 € 10.567.862,00 € 13.729.909,00 €

Change (%) 31,0 275,8 57,26 10,4 43,1


Agricultural products – feed Commercial

Turnover 32,295,276.00 €


Supplier of a leading company’s products PIONEER HI-BRED HELLAS SA (Formerly CHELLASINT SA) was founded in 1985 and is active in the marketing and promotion of seed for sowing crops, grasslands, vegetables and other such activities. With the exclusive import and distribution of products of major foreign companies, including Pioneer Hi-Bred Int. Inc., Dlf Trifolium, and C. Meijer BV, the company has managed to capture a substantial local market share as well as the confidence of Greek farmers. In 1990, it signed a joint-venture agreement with Pioneer Hi-Bred Int. Inc. The company also promotes varieties of cotton, grain, alfalfa, grassland plants and potato vaccinator’s silage, sunflower hybrids, fodder plants, industrial tomatoes, and vegetables, among other items. The firm also operates facilities in Thessaloniki and maintains offices in Athens, Thessaloniki, Larissa, and Komotini, while its distribution network covers the entire Greek territory.

PROFIT BEFORE TAXES 3,147,188.00 €

15 Fleming St., Maroussi, 151 23, Athens, Greece Tel: +30 2106800741-7 Fax: +30 210 6801018

Pioneer HI-BRED Hellas SA 2013 2014 Turnover 32,295,276.00 € 29,691,685.00 € Profit Before Taxes 3,147,188.00 € 2,752,757.00 € Gross Profit 11,837,042.00 € 11,757,509.00 € Net worth 2,436,608.00 € 2,436,563.00 € Liabilities 9,572,464.00 € 10,824,311.00 €

Food Products – Dairy


Contact Details


Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 24,942,904.00 €

PROFIT BEFORE TAXES Contact Details 2,656,631.00 € Contact Details 15 Klisthenous st, 10552, Athens, Attica, Greece Tel.: +30 210 3217945 Fax: +30 210 3221858 E-mail:

Change (%) -8.1 -12.5 -0.67 0.0 13.1

Operating for almost a century in the dairy market Daniel S. Gattegno & SON SA’s history dates back to nearly a century ago, in Thessaloniki, where it began its main business of supplying sugar and coffee to the market. After World War II, the company relocated to Athens, where it became involved in the milk and cocoa sectors, supplying the industrial sector. The company continued to grow and develop as the years went by, adding several consumer products to its product catalog, such as evaporated milk, milk powder (Regilait) and other items. Later on, the firm entered the cheese market by importing Regato from Northern Ireland and a great variety of cheeses from European countries, especially Germany. In the 1980s, the company took advantage of the rapid retail trade growth in Greece and began developing and marketing private label products. Today, it continues to import and market milk and dairy products and does business with almost all of the sector’s industrial firms. It is also expanding its business horizons in the neighboring Balkan countries. In 2014, the company reported a drop in sales to 24.94 million euros in compared to 31.98 million euros a year earlier. Pre-tax income also dropped to 2.65 million euros against 3.93 million euros in 2013. Daniel S. Gattegno & Son S.A. 2013 2014 Turnover 31,989,989.00 € 24,942,904.00 € Profit Before Taxes 3,938,539.00 € 2,656,631.00 € Gross Profit 5,191,770.00 € 3,729,282.00 € Net worth 3,680,905.00 € 665,901.00 € Liabilities 5,743,373.00 € 6,612,849.00 €

Change (%) -22.0 -32.5 -28.2 -81.9 15.1

Diamonds 359


Food Products Industrial


A leading fish feed company

Panos Lagos, CEO

Turnover 39,844,290.00 €

PROFIT BEFORE TAXES 2,687,764.00 €

BioMar group is one of the leading suppliers of high performance fish feed to the aquaculture industry. Its main business areas are feed for salmon and trout in Norway, the United Kingdom and Chile, and feed for trout, eel, sea-bass and sea-bream in Continental Europe. BioMar fish feed types cover the full lifecycle of the fish, including larvae feed, fry feed, smolt feed, grower feed, and brood stock feed. Worldwide, BioMar Group supplies feed to around 80 countries and to more than 45 different fish species, which in addition to the above include species such as cod, turbot, halibut, meager, and sturgeon. BioMar also produces special certified feeds for organic fish farming and a number of value-added fish feed products focusing e.g. on fish health or meat quality. In 2015, BioMar Group reported revenue of approx. 1.2 billion euros and produced approx. 1 million tonnes of fish feed using state-of-the-art production facilities in eight countries. The group employs a staff of approx. 1000, of which 90 are employed in joint-venture factories, and operates ten factories in eight countries. BioMar Group is fully owned by Aktieselskabet Schouw & Co., which is listed on OMX in the Nordic Exchange in Copenhagen. BioMar is organized with a group function and three regions. The group headquarters is located in Aarhus, Denmark. The three regions are: BioMar North Sea, BioMar Americas and BioMar Continental Europe, which covers the needs of an increasing number of fish species in aquaculture with specialized high performance feeds for trout, sea bass, sea bream, eel, sturgeon, arctic char, turbot, meager, and a number of other species. BioMar Continental Europe operates factories in Denmark, Spain, France and Greece, and has a number of sales companies across Europe, as well as export activities in Middle East, Asia and Africa. BioMar Hellenic SA is the fully owned subsidiary of BioMar Group in Greece, and part of its Continental Europe Region. It was established in 1989 and since 2001 operates its own fish feed factory located in the 2nd Volos Industrial Park in Velestino, which has a capacity of more than 50,000 tonnes of production per year. Today it employs more than 30 people, many of which are university graduates and some hold post graduate degrees in various scientific fields. The Greek factory of BioMar supplies mainly the Greek market but is also responsible for sales of fish feed in the East Mediterranean, the Balkans and Middle East countries. Exports account for 10% of its total sales in more than 10 countries in the area. Apart for the feeds for sea bass and sea bream, the factory produces feed for trout, sturgeon, pagrus, meager and carp. BioMar is conducting R&D activities in Greece in collaboration with fish farmers and Greek institutions and universities.

Contact Details Β’ Volos Industrial Zone, 6th Block, 37500, Velestino, Volos, Greece Tel: +30 24250 61500 Fax: +30 24250 24031 E-mail: Website:

360 Diamonds

BIOMAR HELLENIC ΑΒΕΕΙ 2013 2014 Turnover 45,007,326.00 € 39,844,290.00 € Profit Before Taxes 1,082,266.00 € 2,687,764.00 € Gross Profit 6,667,047.00 € 6,304,166.00 € Net worth 9,977,143.00 € 12,237,840.00 € Liabilities 28,392,146.00 € 35,413,788.00 €

Change (%) -11.5 148.3 -5.4 22.7 24.7




Operating in the transport sector for 90 years Orphee Beinoglou SA has been active in the transport sector since 1923, providing high-standard and quality services, with full dedication to serving customer needs. With a 90-year legacy in the management of professional removals and transportation around the world, the firm offers the best possible services and expertise currently available in all aspects of travel, transport and logistics. Orphee Beinoglou Group is a leading freight forwarder and logistics provider in Greece, with subsidiaries in the Balkans and the Eastern Mediterranean region.

Turnover 56,556,493.00 €

PROFIT BEFORE TAXES 1,914,892.00 €

Contact Details

The firm’s logo appears as OR.B.I.T. (Orphee Beinoglou International Transports), in all countries of direct activities, in the Balkans and the Mediterranean region. Using its global networks, the firm seeks to provide perfect services and support to all of its customers and partners.

27th km Old Athens-Corinth National Rd, 192 00 Elefsina, Attica, Greece Tel.: +30 210 9466100 FAX: +30 210 5541035 E-mail: Website:

ORPHEE BEINOGLOU SA 2013 2014 Turnover 51,672,213.00 € 56,556,493.00 € Profit Before Taxes 1,164,863.00 € 1,914,892.00 € Gross Profit 6,922,241.00 € 7,814,292.00 € Net worth 19,030,083.00 € 20,360,580.00 € Liabilities 30,671,647.00 € 30,378,706.00 €



Commercial Apostolos Vakakis

Turnover 454.276.468

PROFIT BEFORE TAXES Turnover 96.956.097 44,166,427.00 €

Change (%) 9.45 64.39 12.89 6.99 -0.96

Expanding its network to more than 10 countries Calin SA was founded in 1999 but the firm had actually begun operating in 1994. It serves as the Greek franchise firm for Calzedonia SpA Italia, a producer and trader of socks, tights and swimwear. The company successfully developed a network of Calzedonia branches, and as of 2000 began developing its Intimissimi network of branches, specializing in underwear. Both networks were developed through a series of franchise deals. From its inception until the present day, the company has achieved an impressive track record. The parent company’s optimal organization, combined with effective promotion of the Calzedonia brand name in the Greek market, through the network of Calzedonia outlets, privately-owned and/ or franchised, led to the company’s rapid and widespread recognition. In addition, the development of the newer network, Intimissimi, has further contributed to the company’s growth.

PROFIT BEFORE TAXES Contact Details 2,762,257.00 € Contact Details 2 Calvou St. & Paleologou St., 152 32 Halandri, Attica, Greece Τel:+30 210 68 40 005, Fax: +30 210 68 57 243 E-mail: Website:

CALIN S.A. 2013 Turnover 38,962,785.00 € Profit Before Taxes 2,899,104.00 € Gross Profit 16,130,157.00 € Net worth 7,254,102.00 € Liabilities 13,547,091.00 €

2014 44,166,427.00 € 2,762,257.00 € 17,850,231.00 € 6,924,597.00 € 15,800,351.00 €

Change (%) 13.36 -4.72 10.66 -4.54 16.63

Diamonds 361


Pharmaservice Pharmaceutical Wholesaler S.A.

Pharmaceuticals Commercial


Market Leader in Pharmaceutical Distributions PHARMASERVICE S,A, established in 1971 as a full-range pharmaceutical wholesaler specializing in trading, distributing, storing and promoting a wide range of pharmaceuticals, OTC products and cosmetics, The company’s primary focus, for more than 45 years, has been to meet with the expectations of its clients and offer high quality services on a daily basis, By continuously investing in new technologies and human resources, Pharmaservice S,A, has created a stable and healthy working environment, both for the customers and its personnel, Today, the company occupies more than 170 qualified and experienced employees with the ultimate goal to ensure their commitment to the services provided and meet the demanding needs of modern pharmacies throughout Greece, Pharmaservice S,A, has developed one of the widest distribution networks in Greece, combined by a fleet of 40 cars to be able to cover the daily requirements of 1500+ pharmacies throughout the country, Being one of the leading companies in this sector with a long – time experience, the products are delivered following all the necessary procedures concerning the proper distribution of pharmaceutical products,

Turnover 113,267,349.00 €

PROFIT BEFORE TAXES 2,490,046.00 €

Aiming at continual improvement, in 2012, the company was certified with a quality system to comply with the standards of ISO 9001: 2008 (confirmation DY8 / 1348-1304), for the proper distribution of medicines and medical devices, In 2016, Pharmaservice S,A, received a GDP (Good Distribution Practices) Certification of Pharmaceuticals for its high quality services and dedication to good distributive practices, The certifications of Pharmaservice S,A, (ISO 9000, GSP) through the Quality Management system, has also allowed our company to distribute pharmaceutical and OTC products for third parties (3PL) in accordance with the demands of customers and the legislation in force, With a steady business growth in this very unstable economic environment, Pharmaservice S,A, is one of the strongest pharmaceutical wholesalers with pan-European presence in the parallel trade, with long-established relationships achieved in cooperation with its valuable partners.

Contact Details Lenorman 193, 104 42, Athens, Tel,: +30 210 5120150 Fax: +30 210 5120157 E-mail: info@Pharmaservice,Gr Website: http://pharmaservice,gr

362 Diamonds

PHARMASERVICE S,A, 2013 2014 Turnover 100,892,958.00 € 113,267,349.00 € Profit Before Taxes 1,843,271.00 € 2,490,046.00 € Gross Profit 7,271,408.00 € 8,732,099.00 € Net worth 3,813,558.00 € 3,905,690.00 € Liabilities 21,150,702.00 € 26,486,985.00 €

Change (%) 12,3 35,1 20,1 2,4 25,2





Sani Resort

A special place of discrete luxury

Andreas Andreadis

Contact details Kassandra, 630 77 Chalkidiki, Greece Tel: +30 23740 99400 Fax:+30 23740 99508 E-mail: Website:


Sani Resort is a family-owned, privately-developed ecological reserve, established some 40 years ago. Offering the services of a world class resort, Sani provides guests with the best of both worlds: opulent luxury with world-class service, set in a surrounding environment of unique beauty. Set within its 1000 acres of natural magnificence, there are four internationally awarded fivestar hotels, each with its own distinctive character, offering a wide range of leisure facilities and accommodation. With a state-of-the-art yacht marina and a shopping plaza bustling with celebrated restaurants, vivid bars, a roaring café society, a vast array of chic boutiques and shops, sports and children’s facilities and with its three extraordinary Spa venues, Sani Resort is considered to be the ultimate Mediterranean destination. Sani’s natural beauty is reflected in everything this luxury holiday resort has to offer, but ultimately, it is the friendly and highly qualified staff that brighten it up, turning guests’ holidays into a personal, treasured experience. ➤ Four 5* Hotels (Open: April – October) ➤ Sani Beach - Sani Club - Porto Sani - Sani Asterias ➤ A 1000-acre private estate ➤ Ecological Reserve – Pine Forests – Bird Sanctuary ➤ 7km of white sandy beaches with EU Blue Flags ➤ Private yacht marina with shopping piazza ➤ Dine Around: 20 restaurants ➤ 16 bars and cafes ➤ Sports Centre – Watersports – Diving Centre ➤ 4 luxurious Spas ➤ Open-air Garden Theatre and a professional Entertainment team ➤ Creche and Childrens’ Mini Clubs ➤ Sani Festival ➤ Sani Gourmet ➤ Repeaters Club ➤ Sani VIP Services organizing tailor-made events ➤ Meetings and Special Event facilities


Aldemar Group


Alexandros Aggelopoulos Aldemar Hotels Portfolio Limenas Hersonissou, Crete Royal Mare ***** Royal Mare Thalasso Knossos Royal ***** Royal Villas ***** Cretan Village **** Kallithea, Rhodes Amilia Mare ***** Paradise Village ***** Skafidia, West Peloponnese Olympian Village ***** Royal Olympian Spa & Thalasso Royal Olympian *****

Aldemar is one of the leading hotel chains in Greece with a total 5,500-bed capacity and 1,800 employees. Through the selection of strategic destinations for its hotels, the design and construction of new hotel units, complete refurbishment of newly acquired units, as well as the provision of superb services, Aldemar has a most dynamic presence in the hospitality field. They are dedicated to their guest’s pleasure, as simple as that. It’s something they never forget and reflects their philosophy about hospitality. As one of the most respected and popular leisure operators in Greece, the award winning Aldemar brand has become a byword for luxury, service and attention to detail. Their eight deluxe and first-class hotels are located across Crete, Rhodes and Olympia. Aldemar also offer four state-of-the-art conference centres and two acclaimed Thalasso Spa Centres. Up until now Aldemar founded in 1977 by Nicolaos Aggelopoulos, almost 8 years later the first hotel unit of the company, Aldemar Cretan Village, was designed and constructed on a 60,000-sq.m. property at Limenas Hersonissou, Crete. Some years later, in 1991, Aldemar Knossos Royal Village, the second hotel unit was constructed on an 85,000-sq.m. property at the same region. In 1992, Knossos Royal Village Conference Centre, a conference facility that caters up to 900 people, was completed on the grounds of Knossos Royal Village. Construction of 49 luxurious villas on the hotel premises. Their investments keeps on, and they construct Aldemar Royal Mare Village, a deluxe hotel unit, and Aldemar Royal Mare Thalasso, the first Thalasso spa centre in Greece, completed both on a 96,000-sq.m. property adjacent to Aldemar Cretan Village, in June 1997 which were inaugurated by, at that time, the Minister of Development Ms. V. Papandreou. In May 1999, a refurbishment project at the newly acquired Paradise Beach & Paradise Village in Kallithea, Rhodes is completed. The two fully renovated first-class hotel units welcome their first guests under the new names Aldemar Paradise Royal Mare and Aldemar Paradise Village. Within a nine months’ period takes place the complete design and refurbishment of the newly acquired unit (formerly, Miramare) on a 740,000-sq.m. property at Skafidia, West Peloponnese. Under a new name, the first-class hotel Aldemar Olympian Village welcomes its first guests in May 1999.

Contact details Kifisias Avenue 262,145 62, Kifisia, Attica Tel.: +30 210 6230400 Fax: +30 210 8017451 Website: EN/Home/



Porto Carras Grand Resort

Among Greece’s most complete hotel complexes

Konstantinos Steggos

Contact details Sithonia, 630 81, Halkidiki, Greece Tel.: +30 23750 77000 Fax: +30 23750 71 229 Website: Email:


The unique Porto Carras complex is situated on the western coast of Sithonia, the central peninsula of Halkidiki, northern Greece, between the high peaks of Mount Meliton and the deep blue of Toroneos Gulf, on a plot of land measuring ​​17,630 hectares of a magnificent verdant landscape boasting a 9-km-long beach, interrupted by 25 virgin, sandy coves. Porto Carras Grand Resort, Greece’s most complete hotel complex and a nine-time award winner by Conde Nast Traveller, comprises two 5-star hotels, a commanding, renowned Villa, a luxury casino and two Thalassotherapy and Spa Centers. In addition, the resort features an international standard 18-hole golf course, a private, 315-berth marina, the largest and one of the best equipped Congress Centers in Northern Greece, an Equestrian Club, a nine-court Tennis Club, a Diving Club, a Yacht Club, and the largest organic vineyard in Greece. The complex also includes three heliports and two waterways for those traveling in style! It all started with a cruise to Mount Athos, organized to celebrate the millennial anniversary of the Mount Athos monastic community. Athenian celebrities, together with shipping magnate John Carras, aboard the Greek tycoon’s yacht, sailed off the coast of Sithonia, into the Toroneos Gulf and the story began as John Carras fell for the virgin landscape. Construction work began in 1968 to build the Villa Galini; the famous villa was built on rocky and barren Galani Hill, named after a bandit killed here, covering a total floor area of 2,000 sqm. An example of unique architecture and beauty, furnished with rare monastic furniture and unique artworks, the villa featured in the magazines of the ‘70s as one of the most beautiful buildings in the country. Within three years the region had undergone a complete facelift, as marshes were drained, extensive reforestation activities were carried out and olive groves (45,000 olive trees) and a ​​ 4,750-acre vineyard were created. Village Inn opened its doors in 1976, bringing a real revolution in the tourist and cultural image of Greece, while the Meliton Hotel commenced operation in 1979 and the Sithonia Hotel in 1980. In 1999, construction group Technical Olympic made the biggest bid in a tender by the National Bank of Greece for the acquisition of Porto Carras. Since then, Technical Olympic Group Chairman, Constantine Stengos has made it his life’s purpose to bring Porto Carras to the fore of the international tourism market. In 2014, the firm’s revenue jumped to 62.40 million euros compared to 38.92 million euros a year earlier. Pre-tax income soared to an impressive 6.86 million euros against a loss of 3.11 million euros in 2013. EBITDA also jumped to 14.34 million euros compared to 6.07 million euros a year earlier.


Louis Hotels SA

Operating 5- and 4-star hotels in Greece and Cyprus

Kostakis Loizos

Contact details 3 Stadiou St., Athens 105 62, Greece Tel.: +30 21 0374 9100 Fax: +30 210 3229950 E-mail: Website:

Louis Group is among the Mediterranean’s leading tourist and hotel groups, with more than 75 years of experience in the cruise field. As a member of Louis Group, Louis Hotels, with a legacy of more than 70 years in the hospitality sector, rank among the leaders in the hotel industry in Cyprus and Greece, with 4-star hotels in Cyprus and Greece and a 5-star hotel in Limassol, Cyprus, a 4-star hotel on Crete Island, a 4-star hotel on Rhodes Island, four and two 4-star hotels on Corfu and Zakynthos islands, respectively, and a boutique hotel on Mykonos Island. With a total of 19 4-star and 5-star hotels in Cyprus and Greece (including the Hilton Park in Nicosia, under the management of Hilton Hotels Cooperation, and the Mykonos Theoxenia, a luxury boutique hotel in Mykonos Town, member of Design Hotels), and over 12,000 beds in Paphos, Limassol, Protara, Crete, Corfu, Zakynthos, Rhodes and Mykonos, Louis Hotels offers a complete range of options to the modern visitor. Whether for family holidays, active holidays or simply a tranquil escape on a magnificent Mediterranean beach, Louis Hotels can satisfy every market segment, having a leading place in All Inclusive. Louis Hotels is synonymous with cost-effective holidays in Cyprus and the Greek islands. The firm’s long history and experience in the hospitality field allows it to have an in depth knowledge of the market, both in relation to the needs of business partners and guests’ expectations. In addition, Louis Hotels is renowned for its leadership and innovation in the all-inclusive catering sector in the Mediterranean region, with its hotels also famed for their friendly service and multilingual staff. The group recognizes that respect for the environment reflects respect for guests. Louis Hotels offer: ➤ Holidays at sea in popular destinations ➤ Hospitality ranging from casual elegance to chic boutique ➤ Authentic hospitality and unique dining experience ➤ Active, family or simply relaxing holidays Some of the Group’s hotels in Greece and Cyprus hotels can arrange for civil marriage ceremonies on their premises, offering special events for couples. In addition, selected hotels in Greece and all hotels in Cyprus can host conferences and business events. The hotel collections will help guests select the ideal hotel according to their budget. All hotels provide the Louis experience: warm hospitality, good value-for-money, experience of local life and friendly service by multilingual staff. The hotel collections include Boutique Collection, Premium Collection and Casual Collection.







Hotels Collection – Hatzilazarou Group

Among the leaders in the hotel market

Ioannis Hatzilazarou

Contact details Lindos Princess Beach Hotel, Lardos, Greece, 851 09 Tel.: +30 22440 29230 Fax: +30 22440 29231 Email: Website:


The H Hotels Collection, owned by the Chatzilazarou family, native of Rhodes Island, comprises several carefully selected 4* and 5* hotels, some of them All Inclusive but all of them situated in unique locations. As they are run by a family business, all of the hotels reflect a real passion for Greek hospitality. The group’s first hotel, Rodos Princess Beach Hotel, was built in 1992 and since then the firm has continued to grow, earning a good reputation, each year welcoming returning guests from around the world. The summer of 2012 was another milestone for the company as it marked the opening of two brand new, five-star hotels, the Princess Andriana Resort & Spa and Boutique 5. The group also owns another two hotels, the Lindos Princess Beach Hotel and Princess Sun Hotel. Princess Andriana Resort & Spa has its way in making guests feel like royalties as they enter its brand new doors! Towering proudly above the Kardamis beach, the five-star establishment takes the notion of All ​​ Inclusive to a new quality level, with its modern rooms, optionally equipped with a private pool, great room service, a modern wellness center, elegant restaurants and bars. Boutique 5 opened its doors in 2012, with its 44 rooms offering unparalleled hospitality with attention to detail and fantastic architecture. Guests can enjoy the view of the endless blue horizon from all hotel spaces. The hotel views each guest as a distinct one, each meal as a celebration and each moment as unique. As for the spa, it is a work of art in itself! Lindos Princess Beach Hotel, occupying an impressive extent, has a modern style that reflects traditional Greek architecture. With beautiful gardens, several swimming pools for children and adults, a wellness center, restaurants, bars and shops, this All Inclusive hotel has it all! Princess Sun Hotel is located on a small hill full of pine trees, commanding panoramic views of the Kiotari coast. With swimming pools and water slides, activities and new renovated rooms, the hotel provides a friendly and spontaneous environment. This four-star, All Inclusive hotel is the best value for money, as it offers comfort and hospitality in a suburb location at good prices. In addition, the area offers many attractions, such as the traditional village Asclepius, just 5km away, the fantastic cosmopolitan town of Lindos (15km) and the Old Market of Rhodes (50km).


Atrium Palace Thalasso Spa Resort & Villas, Lindos, Rhodes

Offering luxury accommodation with Spa wellness

Konstantinos Konstantinidis

Visitors to Rhodes, Greece who wish to be accommodated in a high-class 5-star luxury hotel with fine services and exclusive amenities are welcomed in the quality awarded Atrium Palace Thalasso Spa Resort & Villas in Kalathos Bay, Lindos. Situated in the tranquil bay of Kalathos Village, close to the picturesque village of Lindos, Rhodes this architecturally innovative 5-star luxury hotel combines luxury with its delightful blend of classic Greek and Italian styles. The architecture of the hotel resort is an expression of the distinctive blend of the island’s historical trends derived from the passing of centuries and civilizations. The 5-star luxury resort offers double rooms, junior suites and suites. Each luxuriously decorated and spacious guest room is situated graciously amongst a haven of inner courtyards and bridges. From every vantage point, the views of the Mediterranean Sea are simply breathtaking. Covering a space of over 2000sqm, in Kalathos bay near Lindos, the state-of-the-art AnaGenesis Thalasso Spa Centre is unique and specially designed for absolute rejuvenation and relaxation. Escape into the idyllic world of The Atrium Palace, one of the most elegant resort hotels on the island of Rhodes, with its stunning rooms, villas and AnaGenesis Thalasso Spa, a step away from the waters of the Mediterranean Sea. This nice location of luxury, romance, affluent accommodation, Thalasso Spa wellness, Thematic Restaurants, privacy and tailor made services is the beginning. Rhodes Island is your next cosmopolitan destination and the Atrium Palace your selection amongst resorts.

Contact details Kalathos 85102, Lindos, Rhodes Tel.: +30 2244031601, 31602 Fax: +30 2244031600 E-mail: Website:



Esperia Group Tourism Enterprises

With a presence of almost half a century in Rhodes’ tourism

Contact details Faliraki, 85100, Rhodes, Greece Τel: + 30 22410 84300 Fax: + 30 22410 85744 Website: Ε-mail:


Esperia Hotels on Rhodes, Greece was established in the tourism industry since 1969, with its first Esperia Hotel in downtown Rhodes. The firm today owns six hotels on Rhodes, five of which are located on the east coast of the island, Faliraki beach. With dedication and flexibility to the changing times and tourist needs and requirements, ESPERIA HOTELS has developed into a modern tourism business, operating six hotels each with a different character and identity, but all catering to visitors on Rhodes in the best possible way. Esperos Palace Resort 4* plus, is superbly located by the by Faliraki beach, offering a luxurious and cosmopolitan atmosphere, excellent service, spa and conference facilities, water sports, gourmet restaurant, animation shows and evening entertainment. Esperos Village Resort 5*, built on the verdant hillside above Faliraki beach, is an adult-only paradise, ideal for relaxation and tranquility among pine trees and flowers, and commanding stunning sea views. Enjoy romantic candlelit dinners, perfect for honeymoon and weddings, with private parking spaces adjacent to the room and free shuttle bus service to the beach. Esperides Beach Family Resort 4*, is the best choice for all-inclusive family holidays in Faliraki beach, with facilities and services meeting all the requirements of a family. Pools, playgrounds, sports, Luna Park, Water slides, large group animation, educational activities, evening shows, and delicious buffets are just some of the services and facilities that keep all the family happy and entertained. Epsilon 4*, offers studios and apartments with exceptional hotel services, on Faliraki beach and is an ideal choice for independent and self-catered holidays with the options of a la carte breakfast and lunch. Epsilon is located besides an impressive shopping centre. Esperia 3*, is located in the city center of Rhodes, at a mere 5-minute drive from the beach. Many options for lovely restaurants, bars and colorful shops to choose from are within walking distance from the hotel. Water Park in Rhodes, is situated on the island’s east, built amphitheatrically on a coastal, 100,000-sqm plot of land, just 12km from downtown Rhodes and across the Esperos Palace hotel. Easily accessible, with spacious parking space and free bus transfer from the city center and the island’s south. Ammades Seaside Restaurant & Bar. On the beach of Faliraki, you will a brand new summer destination. The Ammades Seaside Restaurant & Bar is an all-day place to enjoy swimming, delicious flavors and cocktails in a relaxing and beautiful spot. Do not miss the summer parties. Here you can also organize your wedding reception!



Electra Hotels & Resorts 51 years of successful operation! Greek group Electra Hotels & Resorts comprises 4 hotels , The Electra Palace in Athens (Plaka), The Electra in Syntagma square, The Electra Palace in Thessaloniki and The Electra Palace in Rhodes. Since the first Electra hotel opened back in 1965, Electra Hotels and Resorts’ history has been one of warm, luxurious hospitality services. Operating under the philosophy of traditional Greek hospitality, we aim at creating a comfortable environment full of luxurious details, from which our honored guests can explore Greece’s main cities or the island of Rhodes, one of the country’s most celebrated islands. For half a century, we have hosted more than 6.5 million discerning travelers in our properties in Athens, Thessaloniki and Rhodes, treating each and every one of them as family. As we embark towards our centennial, we plan to keep on doing just that: creating a sumptuous hospitality experience fit for the 21st century traveler that is still warm and familial – just as you know us to be. In 2015 the Electra family celebrated its 50 years of operation! Since the development of the first Electra hotel, the Electra Athens on Ermou Street in 1965, everyone in the family strives to offer our guests the experience and feeling of what we call Traditional Greek Hospitality! Your continuous support through the years motivate us to work harder and give back to our guests and the societies that surround us!

Contact details 18- 20, N. Nikodimou St., 10557 Athens, Greece Tel.: +30 210 3370000 Fax: +30 210 3241875 E-mail: Website:



Mykonos Grand Hotel & Resort – Diakoftis SA

For rare moments of romance, adventure, and excitement

Contact details Ayios Yiannis, 846 00 Mykonos Greece Tel: +30 22890 25555 Fax: +30 22890 25111 Website: E-mail:


The Mykonos Grand Hotel & Resort has an enviable beachfront location on Ayios Yiannis known as Shirley Valentine beach, named after the English movie. Looking after their guests extends to their day at the beach with complimentary umbrellas and loungers and exclusive beach attendants to look after any requirements. To ensure a peaceful and relaxing environment, there are no water sports on our sandy beach. The resort combines convenience with peace. It is positioned opposite the sacred island of Delos which gently resonates calm and relaxation throughout Mykonos Grand. The serene Ayios Yiannis beach is well-known for its glorious sunsets, while the liveliness of Mykonos town with its boutique shopping, sophisticated night life and prestigious restaurants such as Nobu Matsuhisha, is only 4.2km away. Many of their customers come from congested cities or busy lives. They want to make sure they feel the relaxing benefits of natural space, so have set our accommodation within five acres of land. This means our 107 rooms and suites enjoy the extra space only found in a luxury hotel. They have combined the Cycladic architecture of cube shaped, whitewashed buildings and cobbled paths with romantic, stylish and restful interior décor. Sheer white drapes and canopy style beds within the rooms and suites have meant that many of our guests find it hard to leave their rooms! They know that many guests relieve their stress through exercise, breathing and stretching. The spectacular stone built outdoor amphitheatre has become a unique spot for inspiring yoga and pilates sessions. In addition, wide range of sports facilities ensure guests can work out as much or as little as they wish. (Facilities include: Tennis and squash courts, table tennis, 500 sqm swimming pool, newly renovated Technogym fitness center). The ultimate aim of Myconos Grand, is for their guests to leave their holiday feeling fresh, pampered and rejuvenated. The luxury Althea Spa Center taps into each guest’s individual needs and senses. The combination of natural Mediterranean ingredients and ancient Greek health and beauty treatments, leave guests feeling like a god or goddess. In 2014, the hotel saw its sales rise by 11.43% to 7.43 million euros, compared to 6.67 million euros a year earlier. Similarly, pre-tax income increased by 25.09% to 3.59 million euros against 2.87 million euros in 2013.


FAIAX SA, Μember of N. Daskalantonakis Group-Grecotel

One of the most profitable companies in the hotel sector FAIAX S.A., a member of N. Daskalantonakis Group-Grecotel, owns a portfolio of resort hotels in Corfu, Peloponnese, Crete, Rhodes and Halkidiki. The firm was founded in 1993, and back then it owned just one hotel, while it has now grown to include nine luxury and family resorts around Greece. All properties are managed by Grecotel S.A. Faiax has demonstrated significant growth in profitability and increasing occupancy rates throughout the past years. According to Greek market statistics, the firm ranked as one of the most profitable companies in Greece in 2014 and the most profitable company in the hotel sector. Hotels owned include: ➤ Corfu Imperial in Corfu ➤ Olympia Riviera Resort in Kyllini, Peloponnese ➤ Olympia Riviera Thalasso ➤ Olympia Oasis ➤ Mandola Rosa ➤ Ilia Palms ➤ Club Marine Palace, Panormos, Crete ➤ Rhodes Royal, Rhodes ➤ Lakopetra Beach, Kato Achaea, Peloponnese ➤ Pella Beach, Halkidiki

Contact details Kommeno, Gouvia, PO Box 306, Corfu 491 00 Τel.: +30 2661088400 Website:



Caravel Hotels SA

Divani Caravel, member of the Leading Hotels of the World

Contact details 2 Vassileos Alexandrou St., 161 21, Athens, Greece Tel: +30 210 7207000 FAX: +30 210 7253764 Website: Email:


The Divani Caravel hotel offers luxury and style in the heart of Athens. Located just minutes away from central Constitution square, and just a short walk from fashionable Kolonaki with its boutiques, famous cafés and restaurants, as well as all the major cultural spots such as museums, galleries and theaters, the hotel is the ideal base from which to visit the key attractions of this beautiful historic city. Caravel Hotels SA also owns and runs several other hotels, including Divani Apollon Suites, Divani Apollon Palace & Thalasso, Divani Acropolis Hotel, Divani Palace Larissa, Divani Corfu Palace and Divani Meteora Hotel. Divani Apollon Palace & Thalasso is the perfect place for a memorable stay in Athens, offering a prime location in the heart of the Athenian Riviera. This luxury hotel offers the only Thalassotherapy center in the Attica region, lavish guest rooms and suites, all with stunning sea views, a private beach, outdoor swimming pools, restaurants and bars and extensive business and events facilities. Divani Apollon Suites is a classy boutique hotel of the Divani Collection, located in the beautiful Athenian Riviera, bordering Divani Apollon Palace & Thalasso. This luxurious hotel offers the essence of European elegance. Divani Palace Acropolis enjoys a priceless location right by the world-famous Acropolis, the perfect place to savour Athens’ fascinating history. This stunning hotel offers elegant rooms and suites, an outdoor pool with bar, and delicious dining in the summer Roof Garden restaurant with enchanting views of the ancient heritage. Top-notch meeting rooms and romantic banquet rooms make the hotel ideal for business meetings or a truly memorable event. Divani Palace Larissa hotel, ideally located at the heart of the commercial centre, just minutes away from the city’s main square and just opposite Larissa’s ancient theatre, has reopened since late 2005 and has become Larissa’s new luxurious meeting point. The Divani Corfu Palace is a modern 4-star luxury hotel in Corfu, situated on the green wooded hillside of Kanoni, overlooking the pristine waters of the lagoon. Only 3km from Corfu town center and 1.5km from the beach of Mon Repos, this luxury hotel provides the perfect location for those who wish to be near Corfu town’s activities and famous historical center, but crave the beauty and seclusion of the surrounding hills. As one of the Divani Collection luxury hotels in Greece, Divani Meteora hotel offers guests the opportunity to enjoy traditional Greek hospitality in a contemporary setting. The fully renovated hotel in Meteora is surrounded by immense natural beauty, the religious rocks of Meteora, encouraging outdoor enthusiasts to come and escape. The hotel offers a stunning locale from which, one can experience one of the natural wonders of the world, practically in front of their room window. This beautiful hotel is a 4-hour drive from Athens on a good road.


Lindos Imperial Ioannis Minettos SA

Three perfectly positioned beachfront hotels

Contact details Koukoumia 851 09, Rhodes, Greece Τel.: +30 22440 29200 FAX: +30 22440 29209 Website: E-mail:

Lindos Hotels Group is a luxurious Greek hotel chain located on the Island of Rhodes, with three perfectly situated beachfront hotels, boasting more than 900 rooms, owned and run by the Minettos family. The hotels combine the exclusivity of 4* and 5* facilities with the familiar touch of a local family. The three properties are located in Kiotari and Vlycha within close proximity to the historical site of Lindos, a top tourist destination on the Island of Rhodes. All three hotels - Lindos Imperial Resort & Spa, Lindos Royal Hotel and Lindos Village Hotel – are managed by the company Lindos Imperial Ioannis Minetos SΑ. The beautiful Lindos Imperial Resort & Spa is located at a short distance from Glystra Beach and the old Fishing Village of Kiotari, bordering the beautiful pebble beach of Kiotari Bay. A mere 65 km from the main Airport of Rhodes (Diagoras), transfers are available via the hotel to collect visitors from the airport and take them to the beautiful South East Coast, within 50 minutes. Generous outdoor spaces to lounge and relax, epitomize open yet private restfulness, with mesmerizing views of the Aegean Sea. Landscaped gardens and alluring pools altogether in a resort that emanates elegance and comfort, with all the modern first class amenities you could need at your fingertips. The stunning Lindos Village Hotel is located at a short distance from Lindos. The Village is built alongside a small cove of shallow waters, overlooking the picturesque bay of Vlycha, approximately 55km from the main Airport of Rhodes (Diagoras), and the hotel can arrange for the 40-minute transfer from the airport to the beautiful South East Coast. Enjoy rich experiences in an extraordinary location where old-world Greek charm meets modern day luxury. The Lindos Village Hotel is an extravagant portrait of a traditional Greek village, bright white buildings that harmoniously soak up the glorious Greek sun and radiate a warm Mediterranean glow. The beautiful Lindos Royal Hotel is located near Lindos (3km), built alongside a small cove of shallow waters overlooking the picturesque bay of Vlycha, approx. 55 km from the Rhodes International Airport. The hotel can arrange for transfers, with the drive taking 50 minutes. Lindos Royal Hotel is a fascinating picture of classic Rhodes colonial style architecture, with a host of columns and spectacular arches making up the extravagant exterior. The property is built overlooking the small bay of Vlicha and enjoys cascading views, stretching as far as the eye can see over the emerald waters.



Sapounakis Pantelis “Star Beach” SA

A leading force in Crete’s tourism sector Sapounakis Pantelis SA has since its establishment been engaged in the tourism sector in the region of Crete, with three hotels and a seaside fun park. Lyttos Beach Hotel in Hersonissos, Crete On one of the most beautiful islands in Greece, Crete, and within a 20-km distance from the airport of Iraklion, a heavenly garden awaits visitors in Hersonissos. In this famous holiday destination, the hotel can easily be compared to a heavenly scenery. Just 5 km from the town, hidden amongst vast, colourful gardens, in an area of 150 acres of palm trees and flowers leading to a 350 meter fully-organized, sandy beach, Lyttos Beach is unlike any other hotel on the island. Its 347 rooms with sea or garden view (double rooms, quadruple rooms, family rooms and suites), four swimming pools (one of Olympic size), two restaurants and two bars decorate this large area, leaving enough space for 15 tennis courts, a mini football pitch and a basketball court. Just 5 km away from the hotel, golfers can enjoy the most exciting 18-hole golf courts on the island, with magnificent views to the multi-colored Cretan mountains. Lyttos Beach is a mosaic created by sun, sea, sand, mountains, sports, fun and games, relaxation, fine international & Greek cuisine and friendly atmosphere. Ikaros Beach Luxury Resort & Spa Ikaros Beach Luxury Resort & Spa sits on a private beach in the region of Malia, and is very close to several attractions, including Stalis Beach, Palace of Malia and Lychnostatis. Nearby points of interest also include the Star Beach Water Park. Spend the day at the beach and get a dreaming tan in the sun loungers (chaise longues) or relax in the shade under fine umbrellas. Enjoy pampering in the full-service spa, and amenities at Ikaros Beach Luxury Resort & Spa, such as indoor pool and children’s pool. The 249 rooms at the Ikaros Beach Luxury Resort & Spa include safes, coffee/tea kettles and free high-speed Internet access. Rooms are equipped with flat TV screen with satellite channels. Bathrooms feature bathtubs or showers, hair dryers, and slippers. Housekeeping is offered daily.

Contact details Hersonissos 20, 71302, Heraklion Crete Tel.: +30 28970 29351 - 4 Fax: +30 28970 22981 - 21475 E-mail: Website:


Star Beach Village Offering direct access to the beach, the 214-room Star Beach Village is located in Hersonissos, with easy access to several attractions, including the Star Beach Water Park, Lychnostatis and Aquaworld Aquarium, as well as the nearby Stalida Beach. STAR BEACH WATER PARK The Star Beach Water Part is one of the first and most famous seaside fun-parks in Europe on a specially-designed, four-acre expanse in the most beautiful part of the peninsula. The Star Beach currently offers the best and most exciting moments of summer for you and your family.


Saint John Mykonos Hotel & Villas – Achinopodi SA

One of the finest Hotel Resorts of the Cyclades As one of the leading Mykonos beach hotels, Saint John Hotel combines the elegance and luxury amenities a quest would expect from a 5-star Mykonos hotel of such high caliber. Its reputation for gracious hospitality, impeccable service and magnificent cuisine is renowned throughout the world and entices visitors to return year after year. A magnificent private beach, along with the spectacular ocean views, makes the hotel an ultimate sanctuary for the holiday of a lifetime. The unique surroundings give this beach resort the spirit of the traditional island life, blended with the authentic cosmopolitan style of Mykonos, where typical Mykonos Island whitewashed, cubist houses cascade down onto the private pristine, 200-meter beach of crystal clear waters. Saint John Mykonos Hotel Resort One of the finest Hotel Resorts of the Cyclades, Saint John Mykonos Hotel Villas & Spa, is a comprehensive, all-inclusive resort leaving no desire unsatisfied for the discerning guests, offering an outstanding experience in the Greek islands. At Saint John Hotel, the pool’s infinite edges blend seamlessly with the turquoise waters of the private bay. The luxury hotel resort includes a wide variety of facilities and services, such as an assortment of gourmet restaurants and lively bars, state-of-the-art conference facilities and, last but not least, the magic of the sunset and Delos Island in the background. Saint John Hotel Resort imprints itself on every guest’s memory for excellence.

Contact details Agios Ioannis Beach, Mykonos 84600, Greece Tel.: +30 22890 28752 Fax: +30 22890 28751 Website: Email:

Luxury Mykonos Hotel Resort Whether your visit to the idyllic, newly built Saint John Hotel Resort on is for business or pleasure, the luxury hotel resort accommodation, both spacious and stylish, is designed to make guests feel completely at home, luxuriated and pampered. Customers can choose one of the 136 ultra luxurious and romantic rooms at this luxury beach resort, one of the 9 exclusive and private suites, or one of the 3 magnificent villas with their own private swimming pool. Saint John Hotel Resort is the right place to be if you are interested in organizing a fashion event. The Hotel takes great pride in having the capacity, experience and skills to organize great fashion events on its premises. This is why we have had the honor to host the 2015 Replay Fashion Show, a superbly organized event of worldwide proportions. Saint John Hotel Resort can be the perfect host for events organized by big corporate firms. The spacious Conference Center is an up-to-date establishment offering services and equipment of the latest technology. The 450-seating center overlooks the sea, offering great views, while it is staffed with well-trained and experienced employees.



Hotel Grande Bretagne

A Luxury Collection Hotel Located opposite Syntagma Square as well as within walking distance of exclusive shopping areas and museums, Hotel Grande Bretagne enjoys the ideal location in the city centre. This eight story 19th-century building exudes wealth and refinement from the first impression, while it has been repeatedly awarded by significant international communities.

Tim Ananiadis, General Manager & Managing Director

With meticulous attention to detail, the 320 rooms and suites marry charming old-world elegance with state-of-the-art facilities whereas the 58 suites enjoy additional benefits including personalised Butler Service. Guests can indulge themselves within the multi-awarded GB Spa as well as experience the utmost dining service within the following available restaurants: The GB Roof Garden is ideal for a romantic rooftop meal, while the Winter Garden is renowned for its afternoon high tea and live entertainment. Guests can also enjoy wine tasting in The Cellar. The GB Pool Bar offers healthy snack options whilst the Alexander’s Bar makes guests want to linger over a classic cocktail or exquisite cognac. Finally, the Alexander’s Cigar Lounge, offers a relaxed setting to enjoy fine wines, premium cigars, cognacs and liquors with friendly and discreet service. Hotel Grande Bretagne has restored its status as the ultimate choice for refined business meetings and lavish social affairs. Featuring over 1,100 square meters of exquisite function space, the hotel offers the Grand Ballroom, Golden Room, Royal Room, Athenian Hall and its smaller meeting rooms: Boardroom, Churchill’s, Chairman’s, Diplomat’s, and the Executive Room.

Contact details Syntagma Square, 10564, Athens, Greece Tel. +30 210 3330000 Fax: +30 210 3228034 Email: Website:


Concierge Exclusive: The Acropolis and the milestone of Parthenon are located within walking distance of 1.0 km from the Hotel Grande Bretagne. Plaka is the old historical neighborhood of Athens clustered around the northern and eastern slopes of the Acropolis. The “Monastiraki Flea Market” is the place where unique antiques and indigenous gifts can be bought as well as the place where the utmost hand-made selection of souvenirs can be observed. It would be a miss not to mention that within easy walking distance are also the Ancient Agora, the Lycabettus Hill, and the Original Olympic Stadium.



From 1/1/2012 and with new name the park hotel welcomed the upper scale world’s largest hotel chains​​

Mary Deverikos

The Carlson Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announced the Radisson Blu Hotel, Athens: The existing Athens Park Hotel will has been rebranded as Radisson Blu Park Hotel Athens on December 16, 2011. The property featuring 152 rooms is Rezidor’s very first hotel in Greece – the company is now present in Europe, Middle East and Africa. “Despite the recent crisis and still challenging times in Greece, hotels in the capital city Athens perform well. We are glad to arrive in Athens and to further strengthen our development in South East Europe”, said the President & CEO of Rezidor. Radisson Blu Park Hotel was fully renovated in 2009/2010, including most guestrooms and all public areas. Today, the property comprises 152 guest rooms, Gallo Nero restaurant, The Oak Room bar, St’Astra rooftop restaurant, and three conference rooms. It also features a rooftop swimming pool with stunning views across Athens and its famous Acropolis. The location of the hotel is in the northern part of the city centre, on Alexandras Avenue, which is one of the city’s main avenues and offers excellent access to the airport and surrounding area. The hotel is situated opposite “Pedion Areos”, the Athens largest park, and next to the National Archaeological Museum. The immediate neighborhood was redeveloped for the 2004 Olympics and is home to many offices and embassies. Athens’ old centre, the Acropolis, numerous museums and Kolonaki Square are all within walking distance. The owner’s statement Park Hotel is a leading deluxe hotel in Athens, operating for the last 40 years. The hotel has been through a major renovation during 2010 and is inspired by an urban nature concept with modern and innovative design throughout its premises. By joining the Radisson Blu family we look forward to a fruitful cooperation and future business development worldwide.

Contact details Alexandras Avenue 10, 10682 Athens, Attica Greece Tel.: +30 210 8894500 Fax: +30 210 8238420 Website: E-mail:

Vassilis & Mary Deverikos Carlson Rezidor Hotel Group Carlson Rezidor Hotel Group is one of the world’s largest and most dynamic hotel companies. It has an expanding portfolio of 1.400 hotels in operation and under development, a global footprint covering 115 countries and territories, and a powerful set of global brands: Quorvus Collection, Radisson Blu, Radisson, Radisson RED, Park Plaza, Park Inn by Radisson and Country Inns & Suites By Carlson. For more information on Rezidor, visit




Developers of Costa Navarino

Contact details 5 Pentelis St. 17564 Athens, Greece Tel.: +30 210 9490 200 Fax: +30 210 9490 218 Email: Website: Costa Navarino: The Westin Resort, Costa Navarino: The Romanos, A luxury Collection Resort:


TEMES S.A. is a premier developer of luxury, mixed-use resorts. Through Costa Navarino, its flagship development in the region of Messinia, southwest Peloponnese, TEMES contributes to the establishment of Messinia as a world-class, high-end destination. Costa Navarino is the prime, sustainable destination in the Mediterranean. One of the most unspoiled and breathtaking seaside landscapes, this area has been shaped by 4,500 years of history. The Costa Navarino philosophy is driven by a genuine desire to promote Messinia, while protecting and preserving its natural beauty and heritage, which is why the building footprint at Costa Navarino will be less than 10% of the total land area. Costa Navarino comprises a number of distinct sites featuring 5-star deluxe hotels, luxury residences, conference facilities, spa and thalassotherapy centers, signature golf courses, as well as a wide range of year-round activities for adults and children which are unique in the Mediterranean. Extending over 130 hectares of gently sloping hillside, the first resort site, Navarino Dunes, is a stunningly beautiful west-facing location. Richly endowed by nature, the site overlooks a magnificent sandy beach that stretches for over 1 km, washed by the warm clear blue waters of the Ionian Sea. It is home to two luxury 5-star hotels, The Romanos, a Luxury Collection Resort and The Westin Resort Costa Navarino; The Dunes Course – the first signature golf course in Greece; Anazoe Spa, a 4,000sq.m. spa & thalassotherapy centre; the state-of-the-art conference centre House of Events; specially designed facilities for children; and, a variety of gastronomy venues, sports, outdoor and cultural activities. The second resort site, Navarino Bay (140 hectares), will open in the near future. It is already home to the signature golf course, The Bay Course. Stretching along a magnificent 2 km seafront that affords breathtaking views of the Bay of Navarino, particularly at sunset, it is a place of outstanding natural beauty and enormous historical importance. Costa Navarino’s next development phase features Navarino Residences, a range of luxury, freehold private properties, which will be situated within the award-winning Navarino Dunes resort. Further distinct areas will be developed in the future: Navarino Beach, Navarino Hills and Navarino Blue. Sustainable development Costa Navarino adheres to strict environmental protection guidelines and management principles, recognizing the significant contribution of a pristine natural environment to the development of a sustainable tourism product. The environmental management system of Costa Navarino covers all aspects of environmental protection by applying sustainable water and energy management practices, integrated solid & liquid waste management with an extensive recycling program and a number of environmental programs for the preservation of biodiversity and the protection of ecologically important habitats in the vicinity of Costa Navarino.


Alkyon Resort Hotel & Spa

The opportunity to experience the pleasures of all seasons

Georgios Politis

Contact details Vrahati, 20006, Corinthia Tel: +30 27410 52010 Fax: +30 27410 51166 Athens Sales Office Tel :+30 210 6425393  Fax:+30 210 6457445  E-mail: Website:

Alkyon Resort Hotel & Spa, ideally located in Vrahati, Peloponnese, near Corinth, just 120km from Athens Airport, is just 80m away from the lovely, crystal clear waters and fine pebbled beach of Vrahati, and simply offers its visitors the opportunity to experience the pleasures of all seasons. The Resort expands over 25 acres of land, offering a range of recreational activities. With luxurious and beautifully presented accommodation, the hotel’s rooms vary from standard to luxurious suites, as well as cozy maisonnettes and spacious apartments with fully equipped kitchenettes. The beauty and luxury of the environment are essential factors for human health as they stimulate both the body and mind. The modern ‘Sky lounge’ with comfortable sitting rooms, the ‘Sky Bar’, the ‘Sky Bar Restaurant’ and the 2 outdoor swimming pools with the combination of excellent services, are ready to offer visitors unforgettable enjoyment and delight. Fully equipped with state-of-the-art media and most featuring natural lighting, the 5 Conference halls ensure the best possible outcome of any gathering from a small meeting to a large conference, with maximum capacity of up to 1,100 people. The advanced servicesj offered guarantee successful conferences, exhibitions, meetings, gala dinners or social events. Relax in the award-winning SPA CENTER facilities and enjoy the innovative approach to well-being. Select through a variety of treatments and massages for a unique experience in relaxation and restoration. The luxury environment of the Spa Center offers a heated indoor swimming pool, a 6-pax jacuzzi, 2 saunas, Turkish bath (hammam), spa jet, gym, coiffure, cabins for facial and body treatments and lounge area. Take advantage of the wine-tasting at the regional wine factories, discover Ancient Corinth museum, browse the castle trails Acrocorinth, the largest castle in Peloponnese and visit the lake of Stymphalia, where Hercules achieved his sixth labor. Your stay will be enhanced by history, luxury and culture as the hotel is close to the ancient sites of Epidaurus, Mycenae and picturesque Feneos, as well as the artificial lake of Doxa and Trikala.



Kyriakos (Kerry) Anastassiadis, Chief Executive Officer

Contact details 25 Akti Miaouli, 18535, Piraeus, Attica, Greece Tel. +30 210 45 83 499 Fax. +30 210 42 91 455 Website: Facebook: CelestyalCruises YouTube: CelestyalCruises Google+: u/1/+celestyalcruises Twitter: @celestyalcruises Pinterest: Instagram: celestyalcruises Foursquare: celstyal-cruises


Celestyal Cruises

A unique experience! Celestyal Cruises is the only home porting cruise operator in Greece and the preeminent cruise line for the Greek Islands, Turkey and Cuba. Two of the company’s ships, the “Thomson Spirit” and “Thomson Majesty,” are under charter to Thomson Cruises of TUI AG. Since 2011 Celestyal Cruises has been a member of Cruise Lines International Association (CLIA), a worldwide cruise industry alliance that promotes a safe, secure and healthy cruise ship environment. At the 2015 Greek Tourism Awards, Celestyal Cruises was awarded a Gold Award for Themed Events, a Silver Award for Contribution to the National Economy, a Silver Award for Contribution to Local Economies and a Bronze Award for Promotion of Local Cuisine. Also in 2015 the company won the highest





















distinction for the Best Communication Strategy at the nautical Efkranti Awards, as well as five Silver Awards at the HR Community Conference & Awards for best HR practices. In 2016, the company won four awards at the Greek Tourism Awards: a gold award in the category “Cultural Tourism” for its rich program themed events, a silver award in the category “Tourism development / Contribution to the national or local economy” and two silver awards in the categories “Use of Social Media” and “Selection, rewarding & personal development” for its digital strategy and HR practices respectively. The company also received the “Cruise Line Revelation” award at the Excellence Awards in Cartagena, Spain, and was a finalist in the “Continuous Enrichment, On Board and Ashore” category at the WAVE Awards in London, UK. Celestyal Cruises’ new brand, Cuba Cruise, provides passengers with an authentic Cuban cruise experience, the best of Cuba on impeccable eight-day voyages. The Celestyal logo evokes the sea, the sun and the wind. It reflects the company’s commitment to its Hellenic roots, and to supporting the economy and preserving the environment of each destination it visits.




The Greek hotelier who has invested 400 million The hotel chain “Mitsis Hotels” was founded by Mr. Konstantinos Mitsis in 1976 and represents the most important activity of the Mitsis Group of Enterprises, which is also active in the following sectors: textile industry, wine production, construction and publication.

Konstantinos Mitsis

Contact details 12, Filotheis str. 11147 Galatsi, Athens - Greece Tel.:+302102134644 Fax:+302102917672 Website: E-mail:


History Bearing in mind the group’s versatile activities, the Mitsis Hotels logo is representative of the company founder’s attitude towards life, for the last 40 years or so: a forward-looking, target-oriented figure. The first knitting factory is established on September 5th, 1954. It signals the beginning of a long, successful career, which evolves at a quick pace. Achievements succeed to one another: textile industry, wine production, construction andmassmedia. While the first hotel unit only operates in 1976, today, hospitality has become the group’s main activity. The company counts 20 properties, 4-star, 5-star and deluxe City and Resort hotels, as well as 11 spa & thalassotherapy centres. Located in some of the most beautiful areas of Greece: on the islands of Crete, Rhodes and Kos, in Kamena Vourla in central Greece, and in Ioannina. The company employs 4000 staff, thereby playing an important part in the country’s tourism development and employment sector. In Athens maintains the hotel Sofitel, in Corfu in Roda Beach, in Ioannina Grand Serai, in Kammena Vourla Galini Resort, Crete Laguna Resort, Rinela Beach, Serita Beach, Kos Blue Domes Family Village Norida Beach Ramira Beach Summer Palace in Rhodes the Alila, Faliraki Beach, Grand Hotel, La Vita, Lindos Memories, Petit Palais, Rodos Maris, Rodos Village. We should note at this point that the group Mitsis since 2008 has invested 400 million Euro. the statements of its founder are characteristic, Mr. Konstantinos Mitsis on the web TV www.timetv. gr: «We have four new hotels, investing about 200 million euros. It is the last the Alila in Rhodes, Laguna in Crete, Blue Domes in Kos and the Grand Serai in Ioannina. In addition to those invested another 200 million for the renovation of 9 hotels by the chain of our brand new units. “

A move forward is always rewarded. winbank proves it is the No. 1 web banking in Greece with distinctions and awards in Greece and abroad for its successful and innovative initiatives.

2015 World’s Best Digital Banks Award in Western Europe Best Consumer Digital Bank in Greece Best SMS/Text Banking in W. Europe Gold award winbank mobile banking App Gold award winbank mycard App Gold award winbank mobile banking App winbank instant cash App

Gold award quick login/winbank mobile banking App

Silver award winbank mycard App easypay App e-Administrative fee/winbank mobile banking

Silver award winbank mycard App winbank mobile banking App Bronze award winbank instant cash App

Gold award winbank mobile banking App Bronze award winbank instant cash App

One move forward THE NO. 1 WEB BANKING IN GREECE

inGreece OF



awards GR


The most admired enterprises


o f t h e G re e k Eco n o my 2 0 1 6


o f t h e G re e k Eco n o my 2 0 1 6



Profile for NewTimes

Diamonds of the Greek economy 2016  

Diamonds of the Greek economy 2016  

Profile for timetv