D I A M O ND S o f t h e G re e k Eco n o my 2 0 2 0
DIAMONDS of the Greek Economy
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DIAMONDS OF THE GREEK ECONOMY
2020
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DIAMONDS OF THE GREEK ECONOMY
2020
Editorial
Resetting the economy: the tough road ahead
By Spyros Ktenas
Much has been lost and much more will be lost in the coming period as a result of the outbreak of the Covid-19 pandemic, this insidious and strange virus. However, it is now the right time to consider the frontliners who defended and saved the country. And this is worth doing as an end should be put to unfair criticism on what has proved important during the crisis. In detail To begin with, frontliners included the National Health System, thousands of physicians, nurses, scientific staff, EKAB rescuers, and hospital staff across the country, who heroically, selflessly and tirelessly fought a unique battle to keep thousands of our fellow citizens alive. The public health system, which in the past has been so troubled by wrong decisions, has proven that not even the most developed economies, like the US, can rely on the private sector to deal with similar pandemics, which now seem to consolidate a global “mask philosophy.” The country’s Armed Forces offered a sense of security to all of us, as the provocations of our brazen neighbor (Turkey) continued throughout the pandemic. In addition, it is the same people of the Armed Forces who will be called upon to defend the country in the near future against Turkey’s growing aggression. Employees in the food, energy and telecommunications sectors, as well as all those who worked in retail, carried out their difficult task with dignity and patience. Along with them, courier service workers shouldered much of the weight for the market’s smooth supply. The digital economy and online education, which have made the most of new technologies, effectively served millions of citizens, demonstrating the country’s digital future potential. The protagonists of the fight against the pandemic included the thousands of private and public businesses and the Greek shipping community, which made generous donations to support and further upgrade the National Health System. The government, through Prime Minister Kyriakos Mitsotakis’ calm and reassuring attitude, together with Professor Sotiris Tsiodras’ expertise and stoicism, the coordination by Civil Protection and the Greek Police, and the constructive stance of the opposition as a whole, proved once again that the best way to deal with such crises is the unity and agreement among the country’s political forces. So far so good The way in which the country dealt with the pandemic attracted international respect and recognition, as both the state and citizens behaved in a coordinated and disciplined manner, resulting in the least possible losses. However, the “battle” that follows will be just as hard. And if we do not follow the same recipe, we will very likely see victim numbers jump, unlike during the first wave of the pandemic. Restarting the economy, plagued by the country’s 10-year recession, is a much tougher goal. Distressed businesses and employees need to find the strength to reorganize and adapt to new circumstances. The state must support both businesses and employees through real measures, not just by postponing payment of taxes or other dues to the state. And this can only be achieved with the contribution of the European Union, which unfortunately has so far proved to be far below expectations, given the circumstances, since its strong core decided to put forward its narrow national interests. The periphery and the South must hence move accordingly in order to exert due pressure on the EU. And on this, the Greek government’s decisive stance is a crucial issue.
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DIAMONDS OF THE GREEK ECONOMY
2020
Diamonds index CONTENTS Editorial: 6 Spyros A. Ktenas
AB VASSILOPOULOS
142
ACS SINGLE MEMBER S.A.
160
ADELCO S.A.
206
ADUS 272 AFFIDEA 276 BARBAYANNIS LIQUOR DISTILLERIES LTD
236
BIKRE S.A. CHATZIGAVRIILIDIS GROUP
238
BOEHRINGER INGELHEIM HELLAS S.A.
165
87 The “diamonds” of the crisis. Companies that flourished in the tough conditions during the period 2009-2018:
CHIPITA S.A.
154
CORINTH PIPEWORKS
256
COROPOULIS A.G. S.A.
216
DAKOS MILLS S.A.
228
DASTERI S.A.
192
DEMO S.A.
162
113 The Most Admired Enterprises (Based On 5 Criteria)
DIAMANTIS MASOUTIS S.A.
158
DOW HELLAS S.A.
156
DS SMITH CRETAN HELLAS S.A.
229
DUR SA
294
12 Contributions
253 Distinguished companies 295 Responsible entrepreneurship for society and man
ELEOFILLO 282 ELPEN PHARMACEUTICALS
172
ELVAL 264 ELVALHALCOR 144 ELVIDA FOODS S.A.
234
EPIKYKLOS CONSTRUCTION COMPANY
274
EPSA S.A.
267
ERMISBUS 230 ETEM 268 ETHNIKI, HELLENIC GENERAL INSURANCE CO. S.A.
150
EURIMAC S.A.
180
›››››› EUROCHARTIKI S.A.
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246
FARCOM
220
NEOKEM S.A.
FITCO METAL WORKS SINGLE MEMBER S.A.
266
NOBACCO 244
FOUFAS BROS S.A.
212
OMEGA SA
237
G. N. MOUSTAKAS S.A.
168
OTE GROUP
146
GAP S.A.
186
PAPASTRATOS S.A.
148
GENERATION Y
286
PHARMABELLE 255
GIZELIS ROBOTICS
240
PHARMACEUTICAL COOPERATIVE OF PIRAEUS (PEI.FA.SYN.)
190
GRUPPO CUCINE
278
PHARMACIST’S SUPPLYING COOPERATIVE OF ATTICA (PROSYFAPE)
196
PIRAEUS BANK GROUP
254
PIRAEUS CONTAINER TERMINAL S.A.
152
PLAISIO COMPUTERS S.A.
174
POWER HEALTH HELLAS S.A.
188
PROFARM S.A.
224
HALCOR 262 HELLENIC BREWERY OF ATALANTI
225
HELLENIC CABLES
260
HELLENIC PETROLEUM SA
134
HUAWEI
170
IMPERIAL STROM
252
INTERAMERICAN 242 INTERCOMM FOODS S.A.
166
INTERMED S.A.
222
JUMBO SA
140
KALTEQ GROUP
194
LAKIOTIS S.A.
232
LITE LIME SA
292
LOUX MARLAFEKAS SA
187
RE/MAX 280 SARMED S.A.
226
SERVIER HELLAS PHARMACEUTICALS LTD.
210
SERWOOD 288 SIDENOR, STOMANA INDUSTRY AND THEIR SUBSIDIARIES
258
SKLAVENITIS GROUP
138
SOLERGON S.A.
214
176
SYNGENTA HELLAS
217
MANTIS GROUP OF COMPANIES
200
THEON SENSORS
202
MEDICARE HELLAS S.A.
207
UNI-PHARMA KLEON TSETIS PHARMACEUTICAL LABORATORIES SA
178
MEDOCHEMIE HELLAS
270
VIANEX S.A.
182
MEGA BROKERS
248
VIORYL S.A.
199
MEGA DISPOSABLES SA
164
VIOSPIRAL
250
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.
136
VITEX S.A.
218
NEF-NEF S.A.
208
ZARIFOPOULOS S.A.
204
NEOGAL S.A.
198
ZEUS INTERNATIONAL
284
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DIAMONDS OF THE GREEK ECONOMY
2020
Kostis Hatzidakis Minister of Environment and Energy Vice-President of New Democracy MP for the Athens B1 (North) constituency
Greece’s competitive advantages, coupled with our government’s determination and commitment to reforms, are setting the conditions for sustainable growth for all I 12 I
Addressing the economic repercussions of the sanitary crisis Greece’s effective handling of the Covid-19 sanitary crisis pleasantly surprised the international community. The government and the people of Greece alike showed that when unity prevails we can weather even the most challenging crises. But there is still a lot to be done, of course. The Covid-19 crisis is resulting in an economic crisis, and our government’s main concern is to mitigate its impact not only on Greece’s economic output, but also on the most vulnerable citizens. The Ministry of Environment and Energy has been playing and will continue to play a key role in meeting these objectives. In the energy sector for example, our primary concern during the sanitary crisis was to ensure the uninterrupted supply of electricity, gas and gasoline. We also encouraged and assisted electricity and gas suppliers in introducing discount packages for households, businesses and the industry. At the same time, we ensured that energy suppliers can provide all of their services to consumers online. We have also taken steps to support the industry and energy companies in particular. We are in the process of reaching an agreement with the European Commission on the so-called interruptibility, as well as the Τransitory Flexibility Remuneration Mechanism (TFRM). They are two crucial agreements for a large part of our industry. We are also considering additional actions supporting the industry and the sector’s employees, such as: The introduction of a new, lower rate for the system-use charges of the
energy-intensive industry; the creation of a compensation mechanism, to be funded by (up to 20% of ) the revenues from auctions of tradable pollution rights; and, the establishment of a new PSO mechanism that will take into account especially the needs of medium-voltage users. We are also discussing further measures with the Ministry of Finance. However, in addition to handling the immediate consequences of Covid-19, we are also planning the future: That is why we recently passed the environmental bill which simplifies licensing while placing particular emphasis on environmental protection. This is why we also introduced a bill promoting electromobility, a policy which will propel the country into the era of green commuting. Further, we will soon submit the bill for the withdrawal of single use plastics starting July 2021, actively demonstrating our concern for the environment. We are also working on an urban planning bill, which will lay the foundations for accelerating growth in the construction, real estate, and tourism sectors and beyond. Finally, we are working on a National Reforestation Plan, aiming for the country to finally adopt a reforestation policy. Greece’s competitive advantages, coupled with our government’s determination and commitment to reforms, are setting the conditions for sustainable growth for all. Through the initiatives described herein, the Ministry of Environment and Energy aspires to be a key player in this effort to navigate Greece back to growth and prosperity.
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DIAMONDS OF THE GREEK ECONOMY
2020
Adonis Georgiadis Minister of Development & Investments
Greece has gone from cautionary tale to paradigm, and this has a multiplier effect on our reputation and becomes a tailwind for our economy. I 14 I
We are open for business and we will deliver The 2020 edition of “The Diamonds of the Greek economy” coincides with a new era for Greece, as our country has emerged a success story of the coronavirus pandemic receiving a lot of praise by international media for managing the COVID 19 crisis in an exemplary manner. Greece has gone from cautionary tale to paradigm, and this has a multiplier effect on our reputation and becomes a tailwind for our economy. For instance, there are clear indications that despite no one could predict if it will be a new wave of Covid-19, the demand for investments in Greece is steady and strong as foreign and local investors have shown that they are remaining active even amid the lockdown. Although there is no doubt that 2020 will be a year of deep recession, our target is to achieve strong growth next year and onwards. In this aspect we have been tackling the economic impact of the coronavirus pandemic with a comprehensive and dynamic plan of 24 billion euros for businesses and employees. Main pillars of this plan are a five-year state loan, called refundable advance payment, subsidizing of the interest of business loans for five months, suspension of tax and social security obligations for households and enterprises for the entire period of the health crisis, working capital loans with either subsidized interest rate or guarantee up to 80% by the Hellenic Development Bank, reduction of the corporate income tax for companies in sectors damaged by the pandemic. We are determined to take any further necessary measure supporting enterprises
and employees and of course to gain the positive momentum for Greek economy implementing new bold forward-looking reforms, further reductions to taxes and social security contributions, privatizations and public-private partnerships (PPP) that will contribute to more investments and well-paid jobs and further improvement of business environment. Furthermore, we are preparing a concrete plan for optimizing the use and the blueprint to the economy of the grants, combined and not overlap, from both EU’s Recovery Fund and the new Multiannual Financial Framework 2021-27, known in Greece as ESPA. These grants will give the fiscal leeway that the coronavirus crisis has deprived us. Digital transformation, green growth and smart entrepreneurship, mainly concerning innovation in production, are our basic priorities in order to support our enterprises, especially the so called “Diamonds of the Greek Economy”. On the occasion, I would like to congratulate the visionary, bold and successful Greek businessmen who run their businesses effectively and show social responsibility, especially in these turbulent times. I would also like to congratulate the authors of this special edition for their effort. So, our key message to enterprises and would-be investors worldwide is clear: Despite the difficulties of COVID 19 crisis, we are on track in fulfilling our main target to transform Greece to one of the more business-friendly countries in the world. We mean what we say. We are open for business. We respect your money and time. And we will deliver.
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DIAMONDS OF THE GREEK ECONOMY
2020
Theodoros Tryfon President, Panhellenic Union of Pharmaceutical Industries
The Greek pharmaceutical industry has presented specific proposals regarding the financing of the pharmaceutical care system ensuring its viability I 16 I
Urgent need to map out a national strategic plan Undoubtedly, the COVID 19 pandemic not only exerted an unprecedented pressure to the world’s health systems, exposing their weaknesses and testing their limits and capacities, but also highlighted the need for drastic changes in our economies by re-shaping the socioeconomics of employment, manufacturing, supply chain infrastructures and transport logistics. Specifically, with regard to the area of health, the crisis has led many European governments to reflect over their policy priorities, pushing them to set new standards so as to ensure adequacy in critical sectors relating to their health systems’ effectiveness, such as medicines and health supplies. Europe was forced to re-evaluate the implications of its growing dependency on medicines produced in low-cost countries outside of the EU. As the pandemic disrupted the pharmaceutical market supply chain, many European countries with well-organized health systems found themselves struggling to meet the peaking pharmaceutical demand, even for essential medicines. On the contrary, Greece did not face such a problem, mainly due to the resilience of the Greek pharmaceutical manufacturing industry, which, amidst extremely difficult conditions, guaranteed that more than three million patients would have uninterrupted access to all necessary medicines. It is widely recognized that Greece has so far taken the right decisions to effectively weather the health aspects of the pandemic in an exemplary way. Nevertheless, the crisis has a tremendous negative effect for Greece and the European economies in terms of GDP contraction, unemployment, and public
revenue collapse. To address these challenges, Europe has proposed a recovery fund worth €750 billion, to help countries weather the painful recession triggered by Covid-19. Adapting to this new reality, Greece is required to design and implement a national development policy which on the one hand would ensure the country’s adequacy in strategic infrastructure and goods and on the other would focus on extroverted, internationally competitive economic sectors that invest in and stimulate employment and create economic added value. In that context, the role of the Greek pharmaceutical manufacturing industry is particularly important, adding to the resilience of the health system, ensuring the coverage of pharmaceutical needs and contributing to economic growth. The Greek pharmaceutical industry has presented specific proposals regarding the financing of the pharmaceutical care system ensuring its viability. At the same time, it is necessary to remove the abusive economic burden of the clawback that currently lead to a direct and indirect over-taxation of the Greek pharmaceutical companies which sums up to almost 70% of their annual turnover. This has a series of negative effects as it hinders its competitiveness and deprives resources being allocated for the implementation of their investment planning in coming years. We strongly believe that this crisis can become an opportunity for the development of Greece’s pharmaceutical industry, a feasible goal with positive consequences for the health system, the economy and the Greek patient.
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DIAMONDS OF THE GREEK ECONOMY
2020
Athanasios Savvakis President, Federation of Industries of Greece
Measures to be taken the “day after”: Positions and proposals by SBE The COVID-19 pandemic highlighted a major problem for Greece, that of selecting specific growth priorities which would make the country less vulnerable to international turmoil such as this one. The Federation of Industries of Greece (SBE) believes that priority should be given to strengthening the manufacturing sector, in order for the country to be in line with the global experience, which would certainly lead to the development of the country’s productive base. In turn, this would result in Greece experiencing milder negative effects than today, should a similar crisis occur again. To help realign Greece to the forefront of growth policies the ‘day after,’ SBE developed and published eight (8) sets of proposals, as follows:
SBE believes that priority should be given to strengthening the manufacturing sector, in order for the country to be in line with the global experience I 18 I
1. Increase liquidity by subsidizing interest rates on loans, suspension of repayments for companies whose sales have dropped more than 30%, extension of the period for advance payments in May to include June and July, reimbursement of 80% of VAT to exporting companies, and ensuring the additional inclusion of joint loans in the favorable liquidity support measures. 2. Maintenance of jobs - Employer contribution subsidy program: SBE proposes that social security contributions by employers be subsidized by at least 30%. 3. Payment of business dues to the State: because companies are clearly unable to pay their dues to the State, and since such dues will accumulate and require payment in June, SBE proposes that they be postponed for three months. At the same time, SBA proposes the nonpayment of the advance tax for 2020, as
well as the subsidy of social insurance contributions and the correction of the problem of bounced checks, by rewarding consistent companies. 4. Rationalization and adjustment of the measure “Suspension of Employment Contract”: businesses should be allowed to terminate the 15-day suspension period without penalty, paying the employee normally in accordance with their contract for non-working days. 5. Official establishment of flexi-time: SBE proposes that the current measure of “suspension” could be complemented by an additional measure so that companies would also have the right to choose their own flexible working hours (flexitime) in the form of 4 and/or 6 hours of employment. 6. Special provisions for the proportional support of large enterprises: SBE proposes the establishment of special measures to support the liquidity of large enterprises through: government guarantees and loan interest rate subsidy, short-term securing of export credit and special subsidy programs for employee insurance contributions. 7. Restarting the economy through investment, by resolving all outstanding issues within the upcoming financial quarter for most of the “private investment strategies” so that their implementation can go ahead. 8. Resolve chronic problems experienced by industry, such as: reducing income tax rates, abolishing unduly paid fees and taxes, reducing insurance premiums that are now unbearable, reducing energy costs, opening up the banking system to provide liquidity to healthy and viable businesses, and establishing a more favorable investment regime.
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DIAMONDS OF THE GREEK ECONOMY
2020
Christoforos Sardelis Chairman of Ethniki Insurance
A well-known but neglected truth is that the insurance industry is the largest, most stable, and long-term institutional investor in the world I 20 I
The challenges of the post-Covid-19 era The transformation of the Greek production model has been and remains the big issue since the eruption of the previous crisis, that of double deficits. The primary budget deficit exceeded 10% of the GDP, while the current account balance was close to 15% of the GDP. Both deficits were linked to a deeper problem, however, that of insufficient savings. Much of the consumption, and particularly investment, were financed by external borrowing. At the present juncture, efforts to revive investment without heavy reliance on external funding, inevitably turns to a discussion about the prospects of the insurance market. Because the insurance industry is the industry that specializes in savings management globally. But it is also so much more than that. A welldeveloped insurance industry protects the economy from several risks, without which investment returns become more predictable. Unfortunately, Greece is the most underinsured country in Europe, if not the entire developed world, with annual insurance premiums of only 2% of the GDP, while the European average is almost fourfold and in some countries six-fold. The nexus between growth and the size of the insurance market is very well documented in the academic literature. The reasons are obvious. First, rapid recovery from adverse or catastrophic events allows for a return to normality in a relatively short period of time. This perspective boosts the confidence of both consumers and entrepreneurs, leaving more room for purely business ventures. Also, a well-functioning
underwriting process improves the overall risk management, since, through differentiation of premiums, it can reward prevention and create disincentives for indifference. Finally, a well-known but neglected truth is that the insurance industry is the largest, most stable, and long-term institutional investor in the world. Invested capital - which in Greece amounts to 14 billion euros or 7.5% of the GDP, but in developed markets exceeds 100% of the GDP - is the money of the insured, especially in the Life sector, which professionals with expertise and experience manage on their behalf. In conclusion, a boost in the insurance market should not be considered as a traditional branch request, but as a structural reform that can contribute to domestic investment and to a better functioning of the economy in general. It should, in my opinion, be integrated into the agenda productivity improvement and extroversion. This becomes even more compelling when we know that the demographic problem is lurking and could lead to a new fiscal derailment. The fact that in 25-30 years we are expected to face a dead-end, does not mean that the markets will not be nervous and cautious, seeing that we are indifferent to such a well-known and predictable risk. The funds that appear to be available in a few months due to Covid-19 are, in my opinion, a golden opportunity to accelerate such reforms. By adequately supporting effective demand and the sectors affected by the pandemic, room is made for reforms promoting economic efficiency. This is a difficult balance, but we must dare to do so.
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DIAMONDS OF THE GREEK ECONOMY
2020
Ioulia Kl. Tseti President & CEO, Tsetis Pharmaceutical Group of Companies (OFET) and member of Board of Directors of SEV
Tsetis Pharmaceuticals Group (OFET) has demonstrated that it can effectively stand up to tough and urgent circumstances, and such strong challenges only rejuvenate it! I 22 I
OFET’s role in the global challenge of the COVID-19 pandemic The COVID-19 pandemic that we experienced and which affected Greece and the entire planet, was capable of awakening and exerting an entirely catalytic effect on everyone. The world has certainly changed, and the sooner we realize this, the better. And like any change, the one we have just experienced – like every change that results in profound progress, involves anguish and challenges. The pandemic was not simply a severe health crisis that threatened almost all health systems, even the most powerful ones, but at the same time it was a wake-up call that brought to the surface the serious shortcomings, failures and weaknesses of the whole of Europe, demonstrating a grave necessity: The time has come for the European Union to become self-sufficient, more resilient and socially aware, and when that happens, it will be able to function truly in solidarity and equality with its members. Modern societies need solidarity as well as an organizational structure that will support their weakest members, and at the same time be able to breathe life into businesses and the industrial fabric of each country so that they can operate smoothly. This is because without production, there is no tomorrow; there can be no strong economies and no strong prosperous countries. Industrial chimneys, though reminiscent of the 1960s and 1970s, are what conveys the message for a really good day ahead in the field of economy and growth. The pandemic has proved that all fields are fully connected in our time: public health, society, economy, entrepreneurship, work environment.
And precisely because many constants of the modern world have been threatened, we must seriously learn from the lessons left by this serious public health crisis: the need for organization, long-term forecasting, building resilience, the need for cooperation and forming alliances, selfsufficiency and adequate funding. The right to health but also to equal access by all citizens to services, healthcare and treatment is one of them. Health, individual and collective, is not only a good and a social right, but at the same time an integral part of our culture. The pharmaceutical industry has taken the lead in the global challenge of the Covid-19 pandemic. Tsetis Pharmaceuticals Group (OFET) has demonstrated that it can effectively stand up to tough and urgent circumstances, and such strong challenges only rejuvenate it! The two major donations of Unikinon (chloroquine) and antiseptics made by OFET companies Uni-Pharma & InterMed to the Greek healthcare system, are nothing more than our debt to the community and patients in times of need. A debt stemming from OFET’s Corporate Social Responsibility Strategy. The world has changed and the healthy “fuel” for the day after both in Greece and around the world will be the need for even greater focusing on the digital transformation, the 4th Industrial Revolution, continuous Research, Technology and Development, but also policies that support the viability of health systems, businesses, production and environmental protection and climate change. And all of the above, under the signature of Responsibility and Ethical Entrepreneurship!
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DIAMONDS OF THE GREEK ECONOMY
2020
Konstantinos Michalos President of the Athens Chamber of Commerce and Industry (ACCI)
In recent months, in the face of a severe challenge, Greece has managed to overturn many negative stereotypes of the past. I 24 I
Planning the next day The period we are currently going through is unprecedented and extremely critical for Greece. The country was among those that managed to successfully deal with the Covid-19 pandemic so far, thanks to timely action by the State, but also the responsible attitude of the vast majority of citizens and businesses. Now, the country is facing an equally tough challenge: restarting its economy. In order for Greece to benefit from the global economy’s return to growth, and bolster its resilience to future crises, it must now seek a transition to a new, extroverted production model: a new growth model based on the production of internationally marketable, competitive goods and services. Securing funds totaling 50 billion euros from the Next Generation EU program and the NSRF 2021-2027, is a great opportunity for the country to take faster steps in this direction. It is critical, therefore, for the development planning of the new period to focus, on the one hand, on overcoming specific structural problems of the Greek economy, and on the other on the emergence of dynamic sectors, which can utilize the country’s competitive advantages. In this context, it is vital that a less fragmented production base be established, based on larger- and medium-sized enterprises with prospects for sustainability and growth. Through incentives promoting business growth and mergers of small businesses, larger enterprises could be created that will be able to access innovation, attract specialized personnel and enhance their extroversion and bargaining power. Equally important is the acceleration of the state and the economy’s digital transformation, through the implementation of a comprehensive
strategy for the creation of a digital Public Administration, with the development of financial instruments and incentives for investments in digital upgrades by companies, the creation of support networks specifically for SMEs, and investing in lifelong learning to enhance the digital skills of the country’s human resources. Another strategic goal is to make up for the the Greek economy’s innovation deficit by strengthening the knowledge triangle, i.e. supporting capable research teams in the country’s universities and research centers, creating innovation nodes, and providing incentives to attract investment from large companies. Targeted incentives and financial instruments should also be developed to advance innovative business ideas and encourage investment in high technology, innovative solutions and applications, with an emphasis on dynamic sectors such as manufacturing, green energy, transportation and logistics, the agrifood sector and tourism through the promotion of alternative forms. Finally, it is self-evident that these development interventions should be combined with the acceleration and completion of necessary reforms in taxation and the insurance system, education, the health system, the operation of public administration, etc. In recent months, in the face of a severe challenge, Greece has managed to overturn many negative stereotypes of the past. The same should be done now, in the face of the new, major national bet. With a vision, a plan, and understanding and cooperation, our country can release its productive forces in the coming years and ensure conditions of growth and prosperity for the current and future generations.
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DIAMONDS OF THE GREEK ECONOMY
2020
Dr. Georgios Konstantopoulos President, Greek Exporters Association (SEVE)
We proved as a country that we have many capabilities and we can deal with the economic crisis in the same way we handled the hygiene crisis: effectively and decisively I 26 I
Diamonds are forever, but they shine even more during periods of crisis Diamonds are forever, but they shine even more during periods of crisis. The coronavirus pandemic brought out our weaknesses, but also proved the strength of the Greek economy. This crisis designated the potential of key sectors that can be an “ace in the hole” by not just getting through this difficult time, but by also creating a new perspective for the economic future of Greece. And nothing of this happened by accident. During the past few months, Greek producers and exporters built a strong relationship of trust with their international partners, showing to the rest of the world that Greek exporting enterprises are 100% reliable. Despite the multiple difficulties, they exported their products all over the world with consistency in the delivery time, price stability, and full respect for consumer needs. Greek exporters followed the hygiene rules and the lockdown restrictions to the letter, but also continued doing business worldwide keeping track of international news and updates. Above all, they thoroughly observed the sanitation protocol for COVID-19, taking care of the workforce and especially the vulnerable groups. In order to effectively deal with the crisis, the government cooperated flawlessly with the enterprises, looking into the future and the development of the economy. Of course, Greek enterprises are totally aware of the capabilities of our economy and the problems the banking system is facing and hence they are not expecting the solutions to show up as “a
deus ex machina”. On the contrary, they constantly plan and schedule their next entrepreneurial steps responsibly, in order to help the Greek economy evolve, within a stable economic and political environment, avoiding turning backs and mistakes of the past. The European way of thinking and living is the compass in this difficult juncture we are living in. We have to trust the European mechanism for the financial support and show solidarity for the member countries of the European south, which have been severely affected by the pandemic. This is the only way to a bright European future, in which everybody fits in equally. The diamonds of the Greek economy might suspend their glow for a while as international shows and exhibitions are postponed, but their presence in the digital international shows will be equally bright. Executives are holding videoconferences on a daily basis with their customers all over the world and keep a close eye on the progression of the pandemic situation and the competition, in order to respond to the challenges and adapt to the changes. “A good captain is not made from calm seas.” We proved as a country that we have many capabilities and we can deal with the economic crisis in the same way we handled the hygiene crisis: effectively and decisively. We strongly believe in the capabilities of the Greek economy, and there is no better time than now to create a promising economic future based on an exportoriented plan.
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DIAMONDS OF THE GREEK ECONOMY
2020
Tea Antoniou Member of the Board Hellenic Production- Industry Roundtable for Growth Chief Executive Officer antopack PRINTING & PACKAGING INDUSTRY
Now is the critical moment to turn this crisis into an opportunity I 28 I
Manufacturing Now! The first half of 2020 was marked by the unprecedented COVID 19 pandemic crisis which has affected the entire planet, putting to test our resistance at all levels. Protection of human life and health has been the utmost, non-negotiable priority. In our country, the early lockdown decision was decisive in containing the pandemic and achieving low levels of incidents and deaths. We have demonstrated a collective maturity which needs to be continued as we open up our country to visitors from all over the world, but also in order to overcome the numerous serious effects on our economy and society in general. Unfortunately, our country is expected to be affected a little more seriously than others, due to the fact that our economy relies to a very large extent on tourism and related services. Governments all over the world are taking measures to support the affected companies and sectors and to mitigate the crisis, with the emphasis being on people and jobs. In doing so, they are also reconsidering the role of the manufacturing industry. To this extent, we believe that this discussion is even more important in the context of our country, in order to contain the recession and restart our economy on a more solid and sustainable basis. Tourism is a very important sector, especially for a country like Greece. Yet, it is also extremely vulnerable to external threats like the current pandemic, but also geopolitical turbulences, environmental issues etc. In an ever changing world and a globalized economy affected by various
unpredictable threats and technological disruptions, focusing most of the country’s efforts and resources to a single and particularly vulnerable service sector is not wise. This is something we have painfully come to realize for the second time during the past ten years. Moreover, no economy can fully enjoy technological advancements and be strong without a healthy manufacturing base. Alongside its considerable investment in research and innovation, and despite its relatively low participation in our GDP, manufacturing has a strong multiplier effect. Being one of the largest employers in the country, with well-paid jobs, industrial manufacturing can contribute to restrain brain drain, or even become the driver of brain re-gain. Now is the critical moment to turn this crisis into an opportunity. Now is our country’s last chance to adjust its growth strategy towards a strong and competitive manufacturing sector, leveraging on our country’s excellent human capital and talent, to enhance production of internationally tradeable high added value products. Working alongside the government, policy makers and all stakeholders, “Hellenic Production - Industry Roundtable for Growth” will contribute in every possible way to help the recovery of the Greek economy and the welfare of our society. No economy will remain the same in the post-Covid-19 era. With this fact in mind, our aim is not only to maintain Greek manufacturing capacity, but also to help it reach a sufficient size and competitiveness level in order to play a key role in the restart and re-boost of the Greek economy.
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Greece / Italy / Romania / Croatia / Bulgaria / Cyprus ZEUS INTERNATIONAL 19, Achilleos street, Athens, GR 10436 • Tel: +0030 2103614923 www.zeusintl.com • info@zeusintl.com I 29 I
DIAMONDS OF THE GREEK ECONOMY
2020
Mr. Dimitris Mathios President, Association of Industries in Attica & Piraeus (SVAP)
The strengthening of domestic production and the preference of products made in Greece will indeed become a realistic stimulus to respond to any future crisis I 30 I
National strategy to support domestic production In our campaign to defend the economy against the multifaceted attacks by the financial crisis and the Covid-19 pandemic, we believe that it is the right time to bring solutions to the problems that plague society as a whole. The benefits of Greece’s industrial production are multiple and extremely significant. First of all, job creation and the economic viability of employees are reflected in the whole of society. Thus, the finances of other companies are also strengthened, while increasing the social insurance contributions collected by the state to meet existing needs. If one looks at it individually, perhaps this benefit may not seem as significant. However, if profit is multiplied by the number of people employed in each unit of industrial production, then things change. The larger the unit, the greater the benefits. It is necessary to emphasize the enormous importance of self-sufficiency for a country. Although no country can be 100% selfsufficient and meet its needs as a whole without the need for imports, meeting a percentage of these needs from domestic production is in any case positive. That is why it is necessary to develop a strong industrial presence. We believe that in this most critical turning point the country is experiencing, it is necessary to intensify the struggle for the preference of Greek products. The primary and secondary sectors of an economy are of utmost importance to any country. We have to revitalize the production process - this is a national need. There should be help from the distribution side
as well. There needs to be support to products and the Greek companies that produce them. Businesses should neither be over-taxed, nor be hunted down. In Greece, the continuous abandonment of manufacturing and the negativity towards entrepreneurship had taken root in the mentality of the State, the laws, procedures, public debate and political priorities, with the result being a dramatic shrinking of manufacturing in recent years. This development, combined with the low competitiveness of Greece’s economy, led to a skyrocketing deficit in the foreign trade balance, which combined with fiscal derailment, made the country highly vulnerable to any international crisis. In spite of the additional difficulties it faced, the Greek industry showed remarkable resilience during the financial crisis. Owing to its high multiplier effects, such resilience still has a crucial contribution to the economy and society today, despite its low share of GDP because: ● The industrial sector creates employment for about 1.2 million workers (direct, indirect and causal effect). That is, one in four employees are employed in industrial activities or in activities due to industry. ● The industrial sector contributes 40% of legal entities’ total income tax, while even during the crisis period it made investments valued at more than €50 billion. The strengthening of domestic production and the preference of products made in Greece will indeed become a realistic stimulus to respond to any future crisis.
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DIAMONDS OF THE GREEK ECONOMY
2020
Achilles Ntavelis President of the Association of Thessalian Enterprises & Industries (STHEV)
Rapid development for all: Structural changes in the development model and national reconstruction of the production web After having successfully dealt with the first wave of the Covid-19 pandemic, compared to many other countries, Greece is now facing an equally major challenge: restarting its economy. This is an extremely difficult and complex endeavor, both nationally and locally. The economic problems caused throughout the country, require the planning of a new national strategy - in the post-Covid-19 era - to uplift all the economic sectors that have comparative advantages in order to help the economy get back on a growth path. The three axes of transformation of the European industry, which support the entire productive fabric of the economy, but mainly small and medium enterprises (SMEs), and make the productive structure sustainable and competitive, are the following: The digital transition, which allows industry and SMEs to respond to change in a timely manner, providing employees with new perspectives; Competitiveness on the global setting, where Europe -with the Single Market as a lever- can establish global standards; The green transition and the new energy strategy, given that the European Green Deal is Europe’s new development strategy. A specific and measurable goal should be for the industry’s share in the country’s GDP to increase from its current 10-11 percent to 15-16 percent in a decade. The
There are companies that, despite difficulties, manage to play a leading role internationally. I 32 I
industry does not need a separate growth accelerator. The need is rather to focus on a new, inclusive growth plan, leaving no one behind. This effort has two critical parameters. The first is to set goals: goals that are measurable and will confirm every step made. The second has to do with competitiveness: we need an industry that can effectively deal with competition around the world. This requires incentives to provide businesses with the necessary impetus, irrespective of their size, to dare and continue investing in an industry that has a lot to offer. The crisis we are currently going through is not the last chance for the industry. There are companies that, despite difficulties, manage to play a leading role internationally. However, it is certainly a great opportunity for the country to revise its course and create a new, sustainable National Development Plan by overcoming bureaucracy problems, through fast track licensing and equal opportunities for all aspiring investors. This is an opportunity not to be missed. In the context of the national reconstruction required for economic growth as a result of the global Covid-19 crisis, there are two important parameters that make up the final equation: National production at industrial, manufacturing and primary levels, and the maximum possible business synergies.
MORE THAN 25 YEARS OF DYNAMIC PRESENCE IN THE PHARMACEUTICAL INDUSTRY PROFARM SA was LongLife. founded in 1993 In June 2020, Profarm and is among entered a strategic Greece’s largest drug partnership with warehouses, with EMMA CAPITAL, an estimated Group a major private turnover in 2020 investment fund of above 100 million Czech interests, with euros. holdings in many The firm employs strategic sectors a staff of 105, and (banks, energy, etc.). operates on privatelyowned facilities of EMMA’s already 2,100sqm in the Since 2009, the firm successful presence Athens suburb of in Greece, combined Kallithea. has been active in the field of third party with PROFARM’s long Serving more than logistics, through presence in the field 650 pharmacies and a modern 1,500of distribution, are 100 drug warehouses sqm facility in Renti the best guarantees on a daily basis, (Athens), exclusively for the creation of PROFARM operates distributing the a highly reliable in accordance with following products: company with an the ISO 9001:2015 Advance Pharmacies, extensive network & ISO 14001:2015 Viogen LTD, Heremco, and a wide range certifications. Opus Materia, and of products and
services, aimed at serving Greek pharmacists. PROFARM co-founders Augustinos Kallivrousis and Theodoros Skylakakis,
who are still at the helm of the company as President and CEO, respectively, will continue to implement their business plan with the valuable assistance of the people of EMMA, who combine their knowledge of Greek reality with the prestige of a major international investment fund.
51-53, Agamemnonos, 17675 ● Kallithea, Attica, Greece ● Tel.: +30 216 000 7200 ● Email: info@profarm.com.gr
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DIAMONDS OF THE GREEK ECONOMY
2020
Evangelos Kaloussis Mr. Evangelos Kaloussis, President of the Federation of Hellenic Food Industries (SEVT)
It is a dynamic, competitive, robust and extrovert sector, ready to seize new challenges and opportunities I 34 I
Greek Food Industry: Resilient through the pandemic During the unprecedented coronavirus pandemic, the Greek Food & Drink Industry has shown resilience and has made major efforts to ensure that all citizens can continue having access to safe, affordable and high-quality food and drink products. Throughout this tough period, our main goal has been to ensure a sufficient market supply; we managed to respond successfully to the needs of the market and consumers, in collaboration with all stakeholders in the food value chain and the authorities. Special recognition and gratitude should be expressed to all the people working in our Industry, mainly the front-liners, who have kept the food supply chain working. At the same time, as in all countries in Europe, our Industry had to face important challenges. Availability and transport of raw materials, ingredients, packaging and packaging materials necessary for the production process, were all affected. Uncertainty, transportation obstacles and border-crossing complications negatively impacted our exports. Obviously, the closure of large segments of the food service sector (restaurants, hotels, bars, cafeterias, etc.) resulted in a drastic drop in sales by certain food and drink manufacturers. In order to overcome these difficulties and find the appropriate solutions, our Federation worked closely with the concerned Ministries and the EU Food
Industry Confederation. However, the resilience demonstrated must be further enhanced to prepare for other significant challenges that are on our doorstep. In a rapidly changing, highly demanding and globalized framework, the food sector is called upon to assess and follow the evolutions at international, European and national levels. The focus is lately mainly put on socioeconomic sustainability, as this is also foreseen in the European Green Deal, a new EU growth strategy. Circular economy, climate neutrality, food sufficiency, food waste, product reformulation, food quality and safety, are all issues of concern and discussion that require responsible action. In this context, the commitment to growth of the Greek Food Industry is indisputable, and the priority put on our consumers, products and the sustainability of the food sector is non-negotiable. Our Industry is a major player in the Greek manufacturing Industry and a major pillar of the domestic economy, in terms of turnover, added value and productivity, and a key job provider. It is a dynamic, competitive, robust and extrovert sector, ready to seize new challenges and opportunities. All the above factors make the Food Industry a driving force that can highly contribute to the return to growth of the Greek economy, especially during the post-pandemic period.
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DIAMONDS OF THE GREEK ECONOMY
2020
Dimitris P. Giannakopoulos President of BoD & CEO VIANEX S.A.
It is essential that pharmaceutical spending be amended to realistic levels, based on the real needs of the country’s population I 36 I
The Covid-19 pandemic as Greece’s last chance to amend drug policy Across Europe, at the top of the agenda of a debate between political and social partners is the strengthening of health systems, so that they can effectively respond to severe health crises, such as the current COVID-19, and others that may appear in the future. The pandemic uncovered certain weaknesses that had not previously been identified as being urgent, such as safeguarding the availability of highdemand pharmaceuticals during the crisis. It also multiplied the problems of European health systems, which existed long before the outbreak of Covid-19. In the case of Greece, health problems were already known as they had intensified during the recent years of austerity and financial crisis, as a result of a steep reduction in state funding. The country has an underfunded healthcare system that only marginally meets the increased needs of citizens, let alone emergencies. The successful management of the first phase of the pandemic was the result of strict citizen isolation measures and the heroic efforts of healthcare professionals, rather than of the healthcare system’s effectiveness. The “lifeline” of Greek governments in all previous years to the present day has always been the private health care, whether in the form of costs being covered by patients themselves or by the private sector, especially the pharmaceutical industry. Medicines are an integral part of the health system. Therefore, in the effort to reform the NHS and strengthen the health system as a whole, pharmaceutical policy is also a priority. One of the most important interventions proposed by the industry, and the most urgent one for the viability of pharmaceutical companies, is the amendment of pharmaceutical spending and the reduction of clawback.
The total burden on the industry as a result of the mandatory rebates and clawback in 2019, is estimated at more than 1.7 billion euros (hospital and outpatient expenditure). The trend for 2020 is even worse, as an increase of 45% is recorded in the first quarter compared to the same period a year earlier. The total amount that pharmaceutical companies will be asked to pay for 2020 is estimated to be close to 2.0 billion euros. At the same time, the state’s pharmaceutical spending on the outpatient market remains “frozen” at 1.945 billion euros. It is essential that pharmaceutical spending be amended to realistic levels, based on the real needs of the country’s population. It is also necessary to alleviate it from other categories of expenditure, such as the vaccine-related prevention, social support and welfare, which should take care of covering uninsured citizens. The cost of vaccines is estimated at 200 million euros, while costs for the uninsured is at 290 million euros, for 2019. Especially under the conditions of the pandemic, the creation of separate funds to be allocated for vaccinations should have already been under way by the government. The current situation, in view of the European support package, is perhaps the last chance for Greece to amend its distorted pharmaceutical policy, and to use European funds to support the health system as a whole, without exception. The pharmaceutical industry should have the place it deserves in the growth plan that Greece will submit. After all, the European industry has been cooperating with the European Commission and the European Medicines Agency (EMA) throughout the crisis, and continues to do so for building sustainable medicine policies for the next day. Our country should follow suit.
I 37 I
DIAMONDS OF THE GREEK ECONOMY
2020
Nikolaos C. Yannidis Vice President, Hellenic Chinese Chamber (of Commerce, Industry, Tourism and Shipping - EKEBE)
The Hellenic Chinese Chamber has the means to unite the voices of all, to support unity and a common path to a better future I 38 I
COVID-19 The influence on the Greek-Chinese commercial relations Since January 2020, the global community has been called upon to deal with the pandemic of the third decade of this century. We are no longer talking about economic growth, but rather to what extent has the global economy been affected by COVID-19. On the one hand, in recent years we have experienced an improving and growing global economy that has brought distant countries, such as Greece and China, closer together; on the other hand, we have witnessed, the risk of an epidemic lurking in the global system. Every time a new epidemic strikes humanity , mechanisms and practices improve, and to some extent reduce the spread, but these are still not enough. In comparison to SARS, China took urgent measures to prevent the spread of COVID-19 as well as to cure most of the patients. However, due to the Chinese New Year’s Eve, the spread of the pandemic became inevitable. We saw the majority of countries be severely hit one after another by the new Coronavirus, most of them regardless of geographical location, and we also witnessed thousands of human losses as a result of misplaced decisions taken by the governments. However, Greece managed to stand on its feet and protect its citizens from both the virus and other serious issues such as immigration. The Greek government has succeeded effectively with the challenges we face. This also motivates us to wish to make a contribution to moving forward all together. Fortunately, this period, although it is very difficult, is very advanced technologically, providing the world the appropriate equipment. As a result, although we have to stay away from each other, we seem to be closer than ever before. The solution is to remain cautious, patient and calm. Approaching the present we are observing the evolution in several fields, being organized, technologically equipped with common goals. These common goals
are nothing else but the new start of the progressive development. On the occasion of the 48th anniversary of the establishment of diplomatic relations between Greece and China on June 5, 1972 and the 25th anniversary of the establishment of the Hellenic Chinese Chamber, we held on June 5th, 2020 the First HCCI Webinar entitled “Greek-Chinese Commercial Relations – Opportunities and Challenges after Covid-19,” with keynote speakers the Chinese Ambassador Ms. Zhang Qiyue and the Greek Foreign Ministry General Secretary for International Economic Relations & Extroversion Mr. Grigoris Dimitriadis. The Webinar was also attended by Greek Ambassadors, Presidents of Sectoral Chambers and Organizations, as well as world-renowned Entrepreneurs. In her speech, the Chinese Ambassador Ms. Zhang Qiyue underlined the fact that the main goal of China regarding the internal administration is to maintain the job positions and eliminate the extreme poverty levels. She referred to five (5) pillars: Big Data, Live Streaming, IOT, 5G, and UHV power transmission, while she announced that in 2021 there will be a wave of investments, stressing that she wished Chinese investors to be treated objectively. In addition, she referred to the importance of China’s “One Belt One Road,” as well as to the success of the Piraeus port to take the 25th place universally, the need for E-Commerce, and the need to cooperate even closer, so as to move towards the development all together. The Hellenic Chinese Chamber has the means to unite the voices of all, to support the unity and the common path to a better future, to help both its members and those involved in bilateral relations, giving the opportunity for fruitful cooperation. For more information about the Webinar and the upcoming events, please visit www. chinese-chamber.gr.
www.demo.gr
Global presence is our passion More than 2.300 Products Worldwide At DEMO we value the quality of our pharmaceutical products, our healthy approach to entrepreneurship, the mutual trust we build with our partners and our ability to rapidly respond to the needs of the Global Market. Our success is based on the large scale production, attained through strategic investments, and on the rapid expansion of our product portfolio, achieved through a carefully planned and a well-managed product pipeline. These are some of the reasons why DEMO is the leading Greek exporter of own-branded generic products, with a strong presence in 85 countries. Our active ingredient: Supplying quality products worldwide
960+
59%
57.ΟΟΟm2
4
85+
82%
2.300+ products
21
employees
facilities
countries
worldwide
of the employees are below the age of 40
manufacturing plants
of the company’s annual production is exported to international markets
awards for the development, business goals and sustainable growth
Greek Medicines with Global Reach
I 39 I
DIAMONDS OF THE GREEK ECONOMY
2020
Laurent Thuillier President of Franco-Hellenic Chamber of Commerce and Industry
The Franco-Hellenic Chamber of Commerce and Industry is playing an active role in transforming business opportunities into reality I 40 I
Greece: a new land of opportunities for investors in the era of Coronavirus? The actual environment is an opportunity to demonstrate once again, how tied are the long lasting collaborative relations binding Greece and France. In particular, in matters of trade and investments we can observe steady increasing trends. In 2019, bilateral trade between our two countries increased by 12.4%, for a volume representing €3.6 bn. Greek exports showed a rising trend of 17.6% compared to 2018, with a total of €1.2 bn. French imports to Greece also increased in 2019 by 10% for a volume of €2.4 bn. Regarding the composition of Greek products exported, we have drugs on top of the list, followed by aluminum plates and stripes, copper pipes and tubes and fresh fish. Regarding the French presence in Greece, there are about 120 French companies, representing more than 15.000 employees, active in several key sectors like aerospace, agriculture, alcohols, automotive leasing, lubricants and oil & gas, infrastructures, construction, defense, energy, insurance, mining, pharmacy.... Most of these companies are established locally since decades and are deeply involved in the development of the Hellenic economy through longterm partnerships with both private and public actors. The success of the “Business Forum” organized by the Franco-Hellenic Chamber of Commerce and Industry last January in Paris, has proven the attractiveness of the Greek market for French investors, both major or SMEs companies and the excellent bilateral relations between the two countries, concluded by the signature of a “Declaration of intention for FrancoHellenic Economic Partnerships”. Existing bilateral trade and investments are undeniable foundations to enhance collaborations further despite the adverse context of Covid-19 crisis. The results of the recent survey conducted by the
Chamber measuring the crisis impact among its members are rather reassuring. Although 92% of them are impacted by the crisis, less than a third think that it may jeopardize the economic viability of their business in Greece, if it would continue. Over 70% think that new promising sectors and opportunities can occur in Greece post crisis and 52% that it could even be favorable for Greek exports (mainly drugs, services and agricultural products). Finally, all of the surveyed companies replied that the actual crisis will not affect the bilateral economic and trade relations between the two countries but on the contrary it will strengthen them. Greece has all the necessary assets – geographic position, being an Eurozone member, offering highly educated salesforce, being competitive – in order to take advantage of the newly emerging situation. Many European countries and major companies are thinking of relocation, to decrease dependency from non-European production zones and to shorten distribution circuits. This is therefore the right time to tight even further European links, by finalizing the necessary administrative reforms, accelerating the privatization and development program, promoting PPP, simplifying bidding processes and tax environment to (re) develop primary and secondary sectors, while diversifying services, specifically on digitalization. In many sectors, French groups are world leaders and are willing to collaborate with Greek partners. The Franco-Hellenic Chamber of Commerce and Industry is playing an active role in transforming business opportunities into reality. Greek and French Entrepreneurs can rely on the political support from both sides, in order to materialize the numerous potentialities emerging from this crisis into concrete achievements.
I 41 I
DIAMONDS OF THE GREEK ECONOMY
2020
Konstantinos Marangos President, Hellenic-German Chamber of Commerce and Industry
The Chamber holds constant dialogue with Berlin in an effort to stimulate German investment interest in the country I 42 I
Greek-German economic relations amidst COVID-19 Covid-19 has created new circumstances for the national, European and global economies. Markets in every corner of the globe are already experiencing the effects of the pandemic and are looking for treatments to cure the symptoms, most notably the deep recession, the closure of businesses and the big blow to employment. Going through its own ordeal, the European Union is making efforts for its fastest and with the least possible consequences return to normality, i.e. return to positive growth rates, through a targeted economic support program. According to the ECB, Eurozone recession this year will range from 8% to 12%. The Commission has already agreed on a really brave €750-billion aid package through the recovery fund, to be decided by member states leaders. This package will be in addition to approx. €1.1 trillion of aid through the Multiannual Financial Framework, as well as the ECB’s government bond buying program valued at €1.35 trillion. For Greece, the wager is threefold and relates to: ● Proper management of the aid totaling €32 billion through the recovery fund, as well as the aid that will come through other EU channels. ● Proper management of the €33 billion allocated to Greece through the ECB’s Greek bond repurchase program. ● T he composure the business community is called upon to show in order to avoid the worst. The solution that the market is called upon to provide is not impossible. After all, it has not been long since the country’s debt crisis, which taught us that only through determination, willpower and courage can we be led to solutions. This time, however, Greece is neither alone, nor isolated; in the past year, the country’s methodic and
careful steps led it to win one battle after another and finally enjoy the confidence of investors. The fact that the current government is oriented towards business on the one hand - judging by the new government culture it has established - and, on the other, on society – considering the effective way it handled the pandemic crisis, shows that beyond all adversity, the country is moving in the right direction. The Greek-German Chamber and the German business community have been following a similar path since 2009, when the country’s 10-year debt crisis erupted, unceasingly supporting the Greek economy. They are doing the same today, so that the Covid-19 crisis becomes an opportunity. The Chamber, in particular, keeps open a constructive channel of communication with the productive ministries, conveying the Greek-German business community’s message to the Greek government. At the same time, the Chamber holds constant dialogue with Berlin in an effort to stimulate German investment interest in the country, in areas such as “green” energy, environmentally friendly waste management, research and technology, etc. To that end, it is intensifying B2B business contacts between the two countries, having already implemented 44 B2B contacts as part of the Berlin Hellenic-German Economic Forum in March 2020, and another 319 B2B meetings in June 2020, during the Hellenic-German Virtual Business Forum - Virtual B2B Meetings in Energy, Renewables, Environmental Technologies and Innovation. In addition, with a view to helping the market’s faster adaptation to Covid-19 normality and circumstances, the Chamber organizes a series of Webinars focusing on the labor sector, tax and legal issues, and crisis management.
I 43 I
DIAMONDS OF THE GREEK ECONOMY
2020
Thanasis Mouchtis General Manager, PEI.FA.SYN. Group
Digital platforms and technology are essential tools in the modern world, but human problems also need people to be resolved I 44 I
Pharmacies in the face of the challenges of the COVID-19 era The unprecedented circumstances that our planet experienced during the outbreak of the Covid-19 pandemic, highlighted the value and necessity not only of public health system structures, but also of the most specific factors in the health arena. These include the local, physical-location pharmacies, which will be called upon to play a more active role in the coming period, as they transform into “small health centers.” Drug stores have always been a key factor in providing primary health care in our country. Their role was further bolstered by their contribution to crisis management during the height of the pandemic and the quarantine. As a result of the ease of communication and access by any citizen to a health scientist, the significance and value of the local drug store became more noticeable. In addition, the pharmacist profession is among those that inspire high levels of trust in citizens. The courageous presence of the “next door” pharmacist helped the Greek society, especially patients in panic from the news and instructions bombardment. Pharmacists have been instrumental in helping us achieve the outstanding results of low spread levels, compared to other countries. During the lockdown period, citizens avoided visits to physicians and hospitals, for fear of the new coronavirus. Instead, they sought advice for the various health issues by the local drug store, which always had the door open and the mood for service, advice, information and explanation about the precautions against the pandemic, etc.
Pharmacies in the lockdown period were the only places that supplied critical health care material to the public, such as masks, antiseptics, etc. However, the most important thing was the instructions they offered to citizens for precautionary measures. Let us keep in mind that the continuous flow of information from the mass and social media was often confusing to ordinary citizens, especially the elderly. The outbreak of Covid19 - which many scientists believe “is here to stay” - may mark the beginning of a period of continuous, successive outbreaks of viruses and epidemics on our planet. This will change or rather overturn the operation mode of our society and the daily way of life and work. The above overturns will exacerbate social inequalities and economic challenges. In this new environment, local pharmacies – as opposed to online drug stores, will play a more critical role in public health and the community as a whole. In the coming years, the pharmacy model will undergo certain changes, as it will need to adapt to the new needs of the health system, such as the provision of augmented services for the care of patients. Physical-location pharmacies are gradually going digital, but they will always maintain a competitive advantage over other channels, as well as the nearby, human care for the management of the ever-increasing health needs of the population. Digital platforms and technology are essential tools in the modern world, but human problems also need people to be resolved.
I 45 I
DIAMONDS OF THE GREEK ECONOMY
2020
Christian Hadjiminas EFA GROUP President & THEON SENSORS CEO
Setting the priorities for the future of Greece’s economy and EFA GROUP The Covid-19 crisis we are currently facing on a collective and individual level is an unprecedented one, and therefore the responsibility today is greater than ever, to ensure a better tomorrow at all levels. Οur current fragile production model needs to change and focus on high value-added investments, the reorganization of the primary sector and industry, and the entire production spectrum. It is now a great opportunity for Greece to get back on its feet, more autonomous, less dependent and more competitive. Greece is a small market. However, several small- and medium-sized Greek companies have made the next step to increase their exports, as well as to “disembark” in foreign countries using the right artificial intelligence tools and adapting to different large foreign markets. The 4th Industrial Revolution facilitates this accessibility. Artificial intelligence, innovation and a global outlook (combined with smart business development) seem to have liberated Greek engineering. This way of thinking should inspire and guide us in creating a new brilliant normalcy, and not just bright exceptions. Abroad, the market is bigger, hence the benefits are multiplied for the Greek economy by investing in other countries, but always on the condition that headquarters remain in Greece. The mentality of extroversion is not unprecedented for Greeks. It has always been part of our DNA since ancient times, when Greeks did not travel only to trade, but created trading posts and ties with local communities, entered their markets and established colonies. In our group of companies, EFA GROUP, we try to put into practice what we stand for.
Extroversion, Innovation, Re-engineering I 46 I
EFA GROUP is a Greek Group of companies, specializing on services and production in software and high-tech products in the fields of aerospace, defense and security. The history of our GROUP began almost 25 years ago. During these years, we managed to export to more than 50 countries around the world, establishing offices in Athens, Kempen (Germany), Arlington (USA), Abu Dhabi, Singapore, and production lines of our products in the Middle and Far East. This year we hope to reach a total of €500 million in exports, the total sum of the past decade. Utilizing our many years of global experience in the field of international industrial cooperation, we invest in key parts of the world, not only focusing on simple exports, but landing abroad with establishment of companies, coproductions and strategic partnerships. The result is that for the first time in the Greek economic history, a Greek defense company, THEON SENSORS (night vision and thermal imaging systems), becomes the world leader in a specific niche (Night Vision end products) of the global defense industry. We believe that one more company of our Group, SCYTALYS, will be the next one to become a global leader in its software related niche, “Links” in particular. At the same time, taking into account the latest developments in the field of Aerospace, Defense and Security, EFA GROUP is currently in the process of further expanding its business activities, industrializing itself by investing in innovative solutions in emerging technology sectors, such as UAS, Artificial Intelligence technologies and Video Analytics.
I 47 I
DIAMONDS OF THE GREEK ECONOMY
2020
Andreas Galanopoulos BoD Chairman, Pharmacists’ Supplying Cooperative of Attica (PROSYFAPE)
Profile of Pharmacists’ Supplying Cooperative of Attica PROSYFAPE (Pharmacist’s Supplying Cooperative of Attica) Group of companies operates in Greece for the last 40 years. Today it is the largest, dynamically growing, wholesale distributor of pharmaceutical and non-pharmaceutical products and services in the Greek market. With the onset of the Covid-19 crisis, PROSYFAPE Group showed a high sense of corporate responsibility. From the very beginning, it proceeded with all the necessary adjustments not only to safeguard the health of its employees, pharmacists and partners, but also to ensure the uninterrupted running of its operations. In a very short time, it had to redesign the way it performs many of its daily operations, from the core ones such as the distribution and delivery of orders to pharmacies, to the auxiliary ones as, for example, the operation of air conditioners in its facilities. Moreover, it took precautionary measures by adopting remote communication applications, such as teleworking and teleconferencing, as well as remote education, through
With the onset of the Covid-19 crisis, PROSYFAPE Group showed a high sense of corporate responsibility I 48 I
its digital educational platform “Green Pharmacy Academy.” Despite the inevitable time adjustments, PROSYFAPE Group intends to fully proceed with its approved and ambitious 2020 investment plan, valued at more than €1.0 million. This includes, for example, the relocation of the Corfu facilities to a new, larger and better equipped building of a floor space of 1,100sqm. At the same time, the renewal of the fleet of distribution vans and their conversion into refrigerated vehicles continues. Also, in progress are the installation of new, innovative fridge chambers, in the two Attica facilities and the completion of realtime temperature monitoring through the whole supply chain (from storage to the final point of distribution). Additionally, PROSYFAPE Group recently completed a software upgrade of its automatic sorting machines, and within 2020 expects to conclude the development of new information support tools for all of its pharmacies, such as the new electronic ordering platform (B2B).
I 49 I
DIAMONDS OF THE GREEK ECONOMY
2020
George Trakakis CEO, Eurochartiki S.A.
Contributing to the sustainable growth of the national economy to overcome the Covid-19 challenge, we constantly invest and support our customers, people and society I 50 I
Transforming a crisis into an opportunity for the common good For over 35 years, Eurochartiki has been a leading force in paper tissue treatment and detergents production. Our company has always strived to develop superior quality products for the benefit of clients, employees, and the profitable growth of the market in which it operates. In this difficult time for the entire global population, the restructuring of the global economy is a fact and the coronavirus crisis drives us to think constructively about the future. Towards this humanitarian challenge, our 35 years of operation first and foremost ensures our position in the Greek market as a key player in meeting the needs of our society. Customer behaviour has changed prior accelerating trends, a severe drop in revenue was recorded, new technology trends have been placed as normality while uncontrollable operational disruptions came up. The risks and the opportunities that the crisis presents are plenty, and the unprepared Greek market is experiencing enormous anxieties. For Eurochartiki, this is not a threat but a challenge. It is a chance to increase our strength and commitment, to remain consistent to our principles and main focus. This is the time to act promptly and remain focused on our goal: to be the top and constantly growing company in the production of paper products and detergents in Greece that will respond with business success for customers, employees, shareholders and society.
Having invested in setting up a simple and flexible structure with efficient procedures, we are engaged in continuing protecting our people - including workforce and customers and stabilizing the supply chain. Contributing to the sustainable growth of the national economy to overcome the Covid-19 challenge, we constantly invest and support our customers, people and society. Nevertheless, responsible business behavior has been an integral part of Eurochartiki’s corporate culture since its establishment. Therefore, Eurochartiki supported various social initiatives for vulnerable social groups through sponsorships and donations. To illustrate this, our company completed a series of solidarity activities under the slogan “Only together we will succeed.” Specifically, we carried out a series of actions that met the basic needs of society and affected the future of the country and its citizens as a whole. With over three decades of mutual cooperation and trust with our consumers, Eurochartiki and its employees’ commitment, dedication and daily contribution continue to constantly and successfully respond to the growing needs of shareholders, partners and society. And so we will continue, working hard to provide support and matching the evolving needs with our sole aim being to strength the market with hygiene and cleaning products for the common good.
ΜΑΚΒΕΛ
νέα ΣΥΣΚΕΥΑΣΙΑ
ΜΑΚΒΕΛ
Mία διαφορετική πρόταση από 5 ελληνικά δημητριακά, βρώμη, σκληρό σιτάρι, καλαμπόκι, κριθάρι και δίκοκκο σιτάρι. Πλούσια σε θρεπτικά συστατικά, με περισσότερη γεύση και λιγότερη γλουτένη.
Η νέα, μοναδική πρόταση στην ελληνική αγορά, που αλλάζει τα δεδομένα στα ζυμαρικά Ολικής Άλεσης με την προσθήκη της Βρώμης. Υγιεινή προσέγγιση, πλούσια σε φυτικές ίνες, θρεπτικά συστατικά αλλά και διαφορετική γεύση. Τα ζυμαρικά Ολικής Άλεσης, έγιναν πιο νόστιμα!
5 δημητριακά
Κλασική σειρά Από 100% επιλεγμένα σκληρά σιτάρια της Θεσσαλίας και της Μακεδονίας.
ΜΑΚΒΕΛ
νέα ΣΥΣΚΕΥΑΣΙΑ
Ολικής με βρώμη
νέο ΠΡΟΪΟΝ
Ζυμαρικά ΜΑΚΒΕΛ Ποιότητα πάνω απ' όλα!
Τα ζυμαρικά ΜΑΚΒΕΛ, συντροφεύουν από το 1939 τρεις γενιές Ελλήνων καταναλωτών. Σήμερα πρωτοπορούν με τρεις εξαιρετικές σειρές ζυμαρικών νέας γενιάς, που ικανοποιούν κάθε γευστική απαίτηση. Παράγονται στο Κιλκίς, σε μία από τις πιο σύγχρονες κάθετες μονάδες παραγωγής στην Ευρώπη, με 100% Πράσινη Ενέργεια, αποδεικνύοντας έμπρακτα την ευαισθησία στον άνθρωπο και στο περιβάλλον.
/ Μάκβελ
www.makvel.gr I 51 I
DIAMONDS OF THE GREEK ECONOMY
2020
Takis Zarifopoulos CEO of Zarifopoulos S.A.
We made no compromise in our reliable response to protect our staff and our operations! I 52 I
The pandemic and its effects on the economy and security services companies: Challenges and prospects Undoubtedly, the period of the past three months has been an unprecedented test for our country, but also for the planet as a whole. Entire countries, their organizations, health systems and economies have been put to the test, and continue to be tested. Significantly, Greece managed to respond in a highly positive way to the circumstances during the pandemic period, setting a global example of discipline and efficiency. The question that arises the day after, if we can say that we are already in the day after, is What’s next? Given the coming recession, and with forecasts for a drop of 3% to 12% - which just show how difficult it is to predict with certainty what the near future holds for us, the society as a whole, the business world, workers, the Government and state agencies and structures – a number of questions reasonably arise, such as “what did the pandemic teach us,” “what do we need to change,” “what have we achieved and should we maintain, improve and strengthen.” There is no doubt that the vast majority of citizens have shown maturity and discipline, and faithfully observed the scientific and administrative instructions and rules presented to them with. Clarity, reliably and persuasively. Disciplined behavior contributed to the positive result and highlighted the need for this virtue to characterize the day after. But is this enough? There are valid views about the need to restructure Greece’s productive model. Today, in the face of the difficulties faced by Greek tourism, certain opinions are voiced about a re-examination of the socalled “single-sector development model,” as this entails risks and unforeseen consequences. What are the areas that need to be reinforced?
At the same time sufficient liquidity must be available to the economy, with support to small and medium-sized enterprises as well as all those firms with solid growth prospects. Such economic measures are already being implemented. These are the challenges of the day after! They concern the country and the economy as a whole, and each economic entity separately. Our company, Zarifopoulos SA, was adequately prepared to deal with the Covid-19 crisis. In recent years, we have made a great effort to establish a rational corporate structure and administration, to help withstand the current and future challenges. Our efforts also focus on strengthening our openness to new materials, new, modern fields and knowhow. In spite of the firm’s extensive geographic presence – in Athens and in 10 stores across Greece, with a total of more than 220 employees – we responded from the first moment of the pandemic in a planned, timely and effective manner safeguarding our personnel’s health. With the joint and disciplined effort of management and employees, we managed to have the company on standby and fully operative. We applied all medical and administrative protocols with reverence and meticulousness. This safeguarded the protection of our staff and the firm’s smooth operation. Our systems’ readiness to function properly and in a critical manner in the public health and food supply sectors, as well as in reference hospitals, supermarket chains, banks, etc., depended on our ability to respond effectively throughout this period. We made no compromise in our reliable response to protect our staff and our operations!
I 53 I
DIAMONDS OF THE GREEK ECONOMY
2020
Frédéric Fouilloux General Manager, Servier Hellas & Cyprus
We took strategic decisions and measures, always guided by our Vision, Vocation and Values in order to first and foremost protect our people and stand by healthcare professionals I 54 I
2020: A year to remind all humanity that “The only constant in life is change” Recent months have come to confirm the validity of what Heraclitus claimed so many years ago: “The only constant in life is change”. And even though change is a notion becoming more and more familiar over the past years to organizations willing to progress and as a key feature of the digital era, it seems that the Covid-19 crisis came to question and try how ready we were to face this challenge. Less than two months after the advent of 2020, Greece – among other countries all over the world – was called upon to react quickly, yet carefully and wisely in managing an unprecedented global health crisis with such a huge impact on human lives and the socioeconomic environment. And so Servier Hellas did, too! With our main priority being the health and safety of our people and a high sense of responsibility, as a healthcare company, to ensure business continuity and that our medicines remained available to patients as always, we very carefully looked at the situation and adapted accordingly. Teamwork, cross-functional collaboration, planning, transparent communication, adaptability and our three key drivers of Innovation, Responsibility and the Patient IN approach were the key factors that helped Servier Hellas not only to deal with the Covid-19 pandemic, but also to be considered as a benchmark for the way it managed this unprecedented situation. As of mid-February, we took strategic decisions and measures always guided by our Vision, Vocation and Values in order to first and foremost protect our people and stand by healthcare professionals, those being the real heroes of such times. Among other measures, we implemented home office for all, we very quickly adapted our face-to-face visits to remote e-detailing, while we trained our Sales Team providing them with the skills and insights needed in dealing with their new working life.
We also ensured best quality of equipment, IT systems, logistics and appropriate training so that they can work from home without encountering technical issues. We stayed together and connected at a team and company level daily and weekly as needed, through our Company Digital Gatherings. Our People IN approach and our daily efforts in providing a working environment that above all respects and supports human value, was a key element for Servier Hellas being certified as a Top Employer Greece for 2020 by Top Employers Institute. Such a distinction proves the humanoriented approach of our company and the significant investment made in People’s Development and Empowerment, with people being at the heart of the business along with the rest of our stakeholders. It was remarkable how our people felt confident and reassured, as they expressed themselves in a global internal survey devoted to Covid-19 and its impact on the workforce. It is true that the pharmaceutical industry has been less affected by the global health crisis, than other sectors. Having experienced major and difficult challenges, our industry, and Greece in general, is now gradually coming out of the lockdown with moderate optimism for better prospects for its economy than originally predicted. Of course, nothing is over yet in respect to the Covid-19 crisis. Organizations must continue to be alert for potential near-future challenges and changes, and maintain the level of patience, responsibility and solidarity we demonstrated the past few months. After all, restoring some fundamental values to our lives will be a great benefit to us and our society to a larger extent. And yet, out of every crisis comes the opportunity to be reborn, with already some visible changes in our work organization. Now is the time!
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I 55 I
DIAMONDS OF THE GREEK ECONOMY
2020
Alexandros Kleideris President & Managing Director NEF-NEF S.A.
Konstantinos Kleideris Vice President & Managing Director NEF-NEF S.A.
We are proud of the dedication and commitment that our staff and partners have shown in our constant effort for improvement I 56 I
Building the Future of Home Textiles in Greece NEF-NEF was established 59 years ago in Athens by Dimosthenis Kleideris. Alexandros and Konstantinos Kleideris, the second generation, managed to continue his dream and build upon it. Soon, the third generation is expected to take the reins of the firm and advance our vision. We are proud that during the past 10 years of Greece’s financial crisis we managed to double turnover and profits, as well as full time employees, without affecting our total quality or staff pay. We are proud of the dedication and commitment that our staff and partners have shown in our constant effort for improvement. Empowered by this dedication, we managed to successfully endure the Covid-19 crisis and the uncertainty that followed, so far. We made quick and flexible changes to our strategic planning, secured financially the company for short and long term unexpected events, and stabilized the supply chain against missing out on the new season offers. We have invested more than 1.2 million working hours, produced over 17,000 SKUs and 17 million units, recorded 120 million euros in turnover and have contributed 17 million euros to the Greek state over the ten-year period of the financial crisis. We are the leaders of the domestic home textile market, focusing in three business segments: wholesaling, retailing and institutional business, such as hotels,
hospitals and marine companies. We also have a strong presence abroad, that we envisage to further grow in the next five years. We are proud of the donations we make every year in order to support people in our society who face serious predicaments and need our help. The importance of helping others stems from our core beliefs in solidarity and empathy. We are concerned about the destructive condition of our planet; however, we strive through simple ways to help the environment. Nef-Nef contributes to environmental protection by participating actively in the alternative collective management recycling system, always observing the law and all European regulations. In an effort to reduce the energy footprint of our 8,500-sqm headquarters and retail space, we have installed an 80-kwP solar power system, using innovative, low-mercury technologies. Also, through collaborating with WWF Hellas, we are launching a collection that aims at raising awareness for endangered species and ocean pollution. Our mission is to offer high-quality products, excellent customer service, and build strong and lasting relationships with suppliers and partners, while working for a better society in a more sustainable environment.
εσείς φαντάζεστε µια ιδέα εµείς φανταζόµαστε ένα έργο µαζί σχεδιάζουµε µία λύση
www.lakiotis.gr I 57 I
DIAMONDS OF THE GREEK ECONOMY
2020
Lily Perganta President & CEO, Power Health
Now, Power Health has expanded its business into the natural cosmetics market, under the brand name “Inalia” I 58 I
35 years of Quality, Innovation and International Expansion Success is not measured by what you have accomplished, but rather by the resistance you have encountered and the courage you have showed while fighting against the odds. The path to success is living for a strong purpose. Persistence is the vehicle you arrive in. I believe that when you are fully committed to a vision, then hard work isn’t just an option. It’s a necessity. A vision without hard work, evolution, progress and strategy is merely a dream. Power Health is a dream that came true, exactly because it has all these features that are required to be successful. Power Health is the first Greek company that believed in the efficacy of food supplements, opening the road to alternative products, and is recognized as a significant chapter of the Greek economy for the past 35 years. The creation of the Research and Development Section in 2003 marks a new era for our company. Power Health is pioneering and evolving into the first Greek alternative company able to design its own products, offering natural solutions to everyday health problems. We created the first effervescent vitamins with Stevia, aiming at clean label products, Oliviotic, the first natural antibiotic with clinical evidence and synergistic formulations that act on many levels. For the past 35 years, the Greek Pharmacy has been bringing us closer to the Greek
Family offering natural and innovative solutions to health through high quality, safe and effective products. Power Health set up a strong basis, designing a new way of life that contributed to the creation of a new shelf in the Greek pharmacy, but also a sector that even though was initially disputed, along the way gave inspiration to others. Now, Power Health has expanded its business into the natural cosmetics market, under the brand name “Inalia”, offering an innovative range of natural cosmetics products for complete skin care. To further enhance its product portfolio and ever-growing market strength, Power Health made a substantial move with the acquisition of Provipax SA (Fleriana), a firm which specializes in natural repellents and household products. The acquisition is envisaged to add to the company’s constant and steady growth. We have the guaranties to represent Greek entrepreneurship by investing in three pillars: Quality, Innovation and International Expansion. Finding Greek products from the pharmacy of nature on the shelves of the world’s pharmacies, gives us the strength to carry on, remaining always faithful to our values. Since the firm’s inception, we have been fully committed to our first and foremost purpose: to bring with ethically high standards the Power of Nature at the service of human needs.
HEADQUARTERS:
GREECE BRANCHES: USA UK GERMANY CYPRUS SPAIN ROMANIA BULGARIA ALBANIA DUBAI CHINA CONTACT Address: 95-97 AmямБtheas Avenue & Agias Triados 36, Paleo Faliro, 175 62 Tel: +30 210 9313200 www.gygroup.eu
I 59 I
DIAMONDS OF THE GREEK ECONOMY
2020
Themis Sarasidis CEO
It was important for us during such unprecedented conditions to do more than we could in order to stand up to the circumstances I 60 I
FARCOM: Responsibility and solidarity in dealing with the Covid-19 crisis From the first days of the Covid-19 pandemic, FARCOM prioritized the safety of its associates and the community, as well as their effective support in the tough conditions that emerged. Dealing with the global threat of the Covid-19 pandemic in a sense of responsibility, we make all efforts to operate in a highly protected manner for our staff, partners and the community as a whole. At FARCOM, our daily efforts during the pandemic period have been focused on meeting the highly increased needs of the Greek market for Gel and Lotion products with Mild Antiseptic Action. In spite of significant rises in the cost of packaging and raw materials, the firm has so far kept product prices down. Our attention was directed towards drawing up a production plan in order to meet the particularly high demand for these products. To this end, FARCOM effectively utilized its human resources and since the beginning of the pandemic has been at the forefront of dealing with the crisis. It was important for us during such unprecedented conditions to do more than we could in order to stand up to the circumstances. Farcom actively supported organizations and businesses that have been and remain at the forefront, such as the Security Forces (Police and Fire Brigade), Hospitals, Regional and Municipal Authorities, food and supply chain companies and many more.
At the same time, the company proved it was fully prepared to safeguard its smooth operation so as to be able to support in every way and ensure the health and safety of our partners. We developed guidelines for the design of a safe environment for our employees and partners. We ensured from the first moment and provided the staff with all the necessary means, while clear instructions were issued for personnel movement and functions in the workplaces. We firmly believe that with collective responsibility and adherence to our safety measures in the face of this global threat, we will be able to overcome the crisis and gradually return to a new, healthy reality. The company’s focus is also on the completion of its second production unit (10,000sqm), allowing for penetration into new product categories. The new plant will be equipped with state-of-the-art software and mechanical and electronic equipment for production, production planning, raw material and packaging materials management, and quality control, ensuring a faster, safer and higher quality production process. The specific investment allows FARCOM to lay the foundations for further growth, which will also actively support both the local and national economies. All of the above outline the profile of a company that aims to always stand by its partners and the community under any circumstances.
—nothing is more important than health
PAN-EUROPEAN LEADER IN OUTPATIENT CARE SERVICES IMAGING | ANALYSIS | DIAGNOSIS Affidea is the largest, most successful pan-European medical service provider specializing in advanced diagnostics imaging, outpatient and cancer treatment services. Operating a highly respected portfolio of 280 medical centers in 16 countries across the continent, Affidea’s services are at the cutting edge of patient care. With over two decades of dedication to medical excellence, the company maintains high standards and has built a culture that values honesty, integrity and transparency in all it does. We can be proud that Affidea is recognized for its digital and hi-tech capabilities, the outstanding patient experience and its internationally awarded clinical excellence which deliver the best value in healthcare. Affidea operates in Greece since 2005 providing complete high-quality primary health services. Nowadays it owns an expanded nationwide network of medical centers with state of the art equipment and highly-qualified professionals. All Affidea centers are ISO 9001 certified, while laboratories are ISO 15189 certified by the Hellenic Accreditation System.
affidea.gr
info.gr@affidea.com
www.facebook.com/Affidea Greece
www.linkedin.com/Affidea Greece
www.youtube.com/Affidea Greece
I 61 I
DIAMONDS OF THE GREEK ECONOMY
2020
Apostolos Georgantzis CEO, ACS Courier and Postal Services & CEO, Quest Holdings
E-Commerce growth drives the sector ACS Single Member S.A., member of Quest Group, is the leading company in the courier services sector in Greece. Throughout 2019, the company demonstrated a positive track record of growth, with total revenue topping €110 million (+7.3% compared to 2018). Courier Postal Services are ACS’s main activity, accounting for approx. 85% of the company’s total revenue, followed by Mail Postal Services, accounting for approx. 13.5% of total revenue.
Throughout 2019, the company demonstrated a positive track record of growth in the entire range of its activities I 62 I
In 2019, EBITDA rose to €15.76 million (up 14.7% over 2018), with EBT also rising to €13.2 million (up 7.1% over 2018). The firm’s courier activity growth in 2019 was favored by the overall growth of the courier services market, which is expected to follow an upward trend in the next years, owing to the ongoing growth of e-commerce. In this context, since late 2016, the company implements the 2nd phase of upgrading its sorting/distribution facilities in Attica, on a land plot purchased in 2015. This phase involves mainly the design and construction of a modern and highcapacity sorting center, expected to be completed in 2021, allowing for a fivefold sorting capacity increase. Based on ACS’s strategic plan, the company in the next four years plans to invest more than €40 million in capacity and infrastructure upgrades, as well as in improvements in customer experience. Considering that in 2020, the courier
services market is expected to continue to grow, fueled primarily by e-commerce growth, the company is upgrading its IT infrastructure and is offering new solutions to customers, while developing a point-of-sales network to better meet e-commerce customers’ needs, aiming also at increasing its market share. The mail postal services market is still declining, due to the gradual substitution of mail by electronic communications; however, there are still prospects for sustaining and growing revenue from this segment by increasing ACS’ market share. Quest Group is one of the largest, dynamically growing and financially sound Greek Group of Companies, with activities in five (5) distinct areas: ICT products, IT services, Electronic Transactions, Postal Services and Renewable Energy. Quest Group, in 2019 generated revenue of €600 million, with more than €100 million (16%) coming from customers abroad. The Group has a long history in business value creation, and in recent years has managed to grow by at least an average of 10% yoy. The Group and its Companies’ mission is to create long term value for its stakeholders and to play a leading role in the markets in which they operate, based on the principles of sustainable development, and having as a driving force the people and the values of the Group.
NEW COLLECTION
Spring|Summer
2020
I 63 I
DIAMONDS OF THE GREEK ECONOMY
2020
Stavros Konstantinidis President & CEO
EURIMAC is a successful company with high-quality pasta products, enjoying recognition and respect by consumers all over the world I 64 I
A sanitary crisis creating risks and…opportunities I always believed that in order to succeed you must have dreams and persistence to accomplish them. The coronavirus pandemic has created a particular environment worldwide, changing market data, and governments have taken extraordinary measures to restrict citizen movement in order to contain the spread of Covid-19. The food market has been affected less than other sections of the economy, although there exists a risk of a reappearance of Covid-19. Consumers and supermarkets stocked enough food to last for a minimum of two months, in case the virus and the need to self-isolate reappear. Pasta consumption at home increased because of the closure of many restaurants to prevent the spread of the virus. As a result, consumers stayed at home and cooked more than in the past. EURIMAC SA was able to respond to this demand, having large stocks, and thus meet the growing consumer demand. The pandemic brought about considerable changes to the lifestyle and preferences of consumers, pushing them towards take away meals that were a major driver for the pasta companies. At the same time, the pandemic has led to mass panic
buying of different types of pasta, such as for instance, 5 cereal pasta. If we want to effectively respond to consumer needs, we must focus on developing more specialized products. In this category, our company is expected to retain its dominant position, as its raises production of such products by 10% in 2020. Covid-19 has been a painful experience, but it has also been a cause for creation. EURIMAC can adapt to unexpected events. It has been confirmed that business expansion is an all-time advantage because we serve a multiform customer base (retail and foodservice, private label, and strong own-brands presence in Greece and abroad). EURIMAC’s Plan B in order to cope with this new environment is not just a theory but a business value. We have a flexible workforce that effectively responds to new project requirements. In addition, our modern facilities are a powerful tool for the firm’s growth. It is our great pleasure to see our pasta products on supermarket shelves in 50 countries and in 5 continents. EURIMAC is a successful company with high-quality pasta products, enjoying recognition and respect by consumers all over the world, and, honestly, we are very proud of this.
I 65 I
DIAMONDS OF THE GREEK ECONOMY
2020
Anastasia Karaliopoulou CEO, Solergon
The Greek state should not be in any dilemma: tourism (services) and industrialization are not competitive forces I 66 I
Hellas, it’s time to change the debate Our country, Hellas, hasn’t figured out yet which growth model it should follow. This reflects to our society and economy: small businesses, a few major extroverted companies, tourism, amateur agricultural sector and family businesses, ineffective education, lack of training, lack of productivity. Combine all these with a slow motion and an expensive state and you have Greece. Our country struggles to become investment friendly because nobody wants to deal with bureaucracy or a chaotic legal system, high labor costs and a complex tax system. This stands for both potential foreign investors and domestic ones. We have been discussing the same old problems for decades now, mainly the past one. It is now time to change the debate. As a “contractor” and “manufacturer” in the post-crisis era (and hopefully in the postCovid-19 era), I see our country’s future depending on the manufacturing and industrial sector. At SOLERGON SA, our company strategy springs from our main principles: reinvestment, continuous training of our people to improve productivity, commitment to safety and quality protocols and flawless execution of every project we are involved in. We take pride in the fact that we have been adding jobs and growth to our national economy under extremely difficult circumstances. We need to discuss the role of the industrial and manufacturing sectors in the near future. The government that emerged from the 2019 elections, pledged to promote an innovation and entrepreneurial culture, as
well as new organizational models that are suited to today’s needs. The government is only one year in power, and its plans were diverted by two major crises, which were managed successfully, so it’s too soon to tell whether it has succeeded or failed to meet its basic pledge. Optimism and trust prevails. But I can’t help noticing that we are debating the same things. We keep talking about productivity and growth without clarifying our targets. This dichotomy becomes evident when it comes to the energy transition and the lignite phase out, which is being carried out hastily and without a plan and alternatives. It is the government’s obligation to assist the industrial sector to become competitive by applying longscale reforms to the public sector and the legal and tax systems, and encouraging the country’s (digital) transformation. It is the only way to attract new investments and let the existing ones grow. The Covid-19 pandemic proved that relying only on sensitive industries, like tourism, without the stable environment of production and manufacturing, is not a wise choice. The Greek state should not be in any dilemma: tourism (services) and industrialization are not competitive forces. But without a master plan that includes industrial production in the growth model, one should not be very optimistic about the future of the Greek economy. I believe that it is now high time we reset our priorities, but in order to do so we need to stop debating the same things over and over again, we need to change the debate.
I 67 I
DIAMONDS OF THE GREEK ECONOMY
2020
Yiannis Ch.Sarantitis Chairman & CEO
Our vision is to become a national and regional champion in the provision of 3PL services and to be recognised by all stakeholders for our excellence I 68 I
The SARMED way to excellence Meet SARMED SARMED is a pioneering Hellenic 3PL company with a leading position in the industry offering high quality, value adding services. SARMED has an impeccable reputation for its business conduct and ethics, its reliability, quality, flexibility, technological superiority and the range of vertical services offered to its clients. In total it has under its management more than 110.000 m2 of roofed warehouses and occupies over 500 employees in the Attica region (Mandra and Aspropyrgos), Thessaloniki, Thebes and Patras. It also operates the fullest end-to-end distribution network in Greece. SARMED’s clientele consists of market leaders from all important sectors, such as food & beverages, fast moving consumer goods, heavy industry, technology, black & white appliances, motorcycles, retailing, forwarding & logistics, etc. SARMED’s Integrated Management System is certified by TÜV AUSTRIA Hellas and DQS. Its certifications include: ISO 22000:2018 for Food Safety, ISO 45001:2018 for Occupational Health and Safety, ISO 9001:2015 for Quality Management, Certificate of Good Practice for Storage and Distribution of Medical Devices and Certificate of Conformity in accordance with EC Regulations for the storage of organic products. SARMED is also one of the first companies to receive the Authorized Economic Operator (AEO) Certificate. SARMED’s vision SARMED acknowledges the imperative to change in this “always on transformation” era. Therefore, after successfully concluding restructuring, our vision is to become a national and regional champion in the provision of 3PL services and to be recognised by all stakeholders
for our excellence. These goals will be accomplished through: ● a ppropriate strategic, business and corporate development, ● c ontinuous transformation incorporating technology and innovation at all levels, ●e ffective corporate governance and ● f ocus on our people. SARMED’s Sustainability SARMED pays special attention to its people, the society and the environment. The company systematically invests in attracting and developing talents, modern management methods, continuous training and enhancing knowledge and innovation. It constantly implements actions focusing on its people skills development and well-being. It holds Voluntary Blood Donations twice a year since 2012. At the same time, it places great emphasis on regulatory compliance, modern corporate governance principles and corporate social responsibility. SARMED actively supports the work of various institutions and Non-Governmental Organisations. Moreover, monitoring and improving its environmental footprint constitutes a major priority for SARMED. SARMED in the COVID-19 era SARMED during the COVID-19 outbreak focused on providing uninterrupted service to the market while protecting and caring for its employees with undiminished zeal so that they remain healthy. In this context it developed an integrated plan based on the triptych: Prevention – Effective Intervention – Ensuring Business Continuity and organized a crisis team for its coordination, implementation and follow-up. The results are so far … as always… excellent!
I 69 I
DIAMONDS OF THE GREEK ECONOMY
2020
Panagiotis Koutsikos Chairman of Greek - Turkish Chamber of Commerce
Business Cooperation between Greece and Turkey Most of the extroverted Greek companies operating in Turkey have used the services of the Greek-Turkish Chamber of Commerce. There are about 550 Greek companies -from the entire spectrum of the economy- operating in Turkey as investors, with the total capital invested amounting to 4.9 billion euros. At the same time, there are only few Turkish companies operating in Greece, with the total invested capital amounting to less than €350 million. The total trade between the two countries in 2019 amounted to €2.75 billion, with €1.42 billion accounting for exports of Greek products to Turkey and €1.33 billion for imports of Turkish products to Greece. Greek exports to Turkey include plastics, electrical machinery, cotton, oil products, automotive oils, pharmaceuticals, jewelry, etc. Greek imports from Turkey include tourist busses, auto parts, agricultural products, machinery, packing materials, etc. The Turkish market is the largest in the region. The two main features making Turkey an important destination for business partnerships are its population of 84 million and the low average age of 32 years. Both of these features make Turkey a highly attractive destination for all kinds of Greek exports. In the tourism sector, there is an evident
Total trade between the two countries in 2019 amounted to €2.75 billion I 70 I
need to further strengthen business relations as 1.0 million Turkish tourists visited Greece in 2019 and 1.0 million Greek tourists visited Turkey. The Greek-Turkish Chamber of Commerce estimates that by 2020 the total trade between the two countries will reach €3 billion. Within the framework of trade support and investments in Turkey, GTCC annually organizes 16 business missions focusing on products and services, which we are keen to export. GTCC supports businesspeople financially as follows: ● I t covers the expenses for a 4- or 5-star hotel for 2 nights along with breakfast. ●A irport transfer is provided daily to the hotel and to the convention hall. Under the same strategic plans, we promote two to four conferences, which take place every year locally, and two Europe-wide conferences in Turkey and Greece, respectively. Our aspiration is to advance products we have investigated that are needed in Turkey such as: ● frozen foods - seafood ● organic products ● fertilizers ● vegetables ● healthy diet products
I 71 I
DIAMONDS OF THE GREEK ECONOMY
2020
Leonidas Kolioulis, President, Federation of Greek Maricultures
We remain alert, but are optimistic that in the end we are going to overcome this crisis, too, with controlled losses I 72 I
How is COVID-19 affecting the Greek aquaculture Fish farming in Greece in 2019 confirmed for yet another year its contribution to the economy as a leading industry of the primary sector. Total production reached almost 120,000 tons, worth €500 million. Of these, 19% were sold in Greece, 74% in EU countries and 7% in third countries. Greek sea bream and sea bass in the same year were sold to a total of 44 markets, demonstrating strong worldwide consumer acceptance as products of top quality and high nutritional value. However, in 2020, the aquaculture industry, as all productive activities in the country, was faced with an unprecedented situation as a result of the COVID-19 pandemic. The effects of the pandemic impacted both of the industry’s main characteristics: export orientation and management of the livestock that was placed in the water. In short, aquaculture companies have to deal with three financial challenges at the same time: Firstly, the reduced liquidity due to declining sales which followed the lockdown in Horace and the declining retail demand. The restrictive measures imposed (closure of hotels, restaurants, etc.) resulted in a sharp drop in consumption in all key markets. Estimates for the first four months of 2020 show a total drop of exports above 30% compared to the corresponding period in 2019. The impact is particularly severe in companies that work primarily or even exclusively with the Italian market. Secondly, the increased production costs. In the context of declining sales and revenue, companies need to make up for the extra costs resulting from the extended production cycle and particularly the feeding of the fish. Fish feeds account for 60% - 65% of production costs. Thirdly, reduced sales resulted in the creation of an ever-increasing surplus of unsold products, which may destabilize markets when the restrictive measures are lifted. However, it is worth noting that throughout the crisis, the production
SALES 2019 Third countries 7%
Greece 19%
EU 74%
process continued normally (breeding of living organisms cannot be stopped). As for the supply of markets, it also continued normally, with the exception of markets supplied by air, e.g. US and Canada, where costs rose by 50%. The President of FGM, Mr. Leonidas Kolioulis, underlines that “it is a positive development that the European Fisheries and Maritime Fund has been amended and that special financial assistance will be given to aquaculture producers to help mitigate the effects of the pandemic as much as possible. In addition, it is encouraging that since the gradual lifting of the restrictive measures that began in May, the economy has begun to gradually recover, and the first signs of a stimulus for Greek aquaculture products are emerging. However, it is a fact that no one can predict how the long-awaited tourist season will develop in the second half of the year. In any case, companies have taken all necessary measures primarily to protect their employees, and guarantee the smooth operation of fish farms and of course the stable supply of markets with high-quality aquaculture products. We remain alert, but are optimistic that in the end we are going to overcome this crisis, too, with controlled losses.”
κουράστηκες να προσπαθείς μόνος σου; έλα μαζί μας
I 73 I
DIAMONDS OF THE GREEK ECONOMY
2020
Alkiviadis Kalampokis President of the Exporters Association of Crete
Let’s all dare together to eradicate the evils of the past and create a healthy export environment for tomorrow I 74 I
COVID-19: A new challenge Faced with the COVID-19 pandemic, the priority has been to strengthen the healthcare system and find scientific solutions to cope with this new pandemic. However, it is also really important to minimize the devastating impact on our economy, in order to ensure that the stagnation in economic activity and employment will be temporary. The Greek Government has responded by taking action to bolster key sectors and minimize the socioeconomic impact of the pandemic. Measures include economic assistance packages, tax moratoriums, extended deadlines, social security contributions, as well as wage subsidies, loans and guarantees for workers. However, individual action is also required by export companies. Greek exporters achieved significant performance amidst a very tough business environment, overcoming all the obstacles that the economic crisis has created. During this crisis, exports were the only way out for many new businesses, which, in combination with existing exporters, improved Greece’s export performance, setting a new record. Now, during this difficult uncharted period, whose development is unknown, exporters are faced with a new challenge. There are many difficulties, but in every crisis there are emerging opportunities. Perhaps the growing need for proper, healthier nutrition, in combination with the qualitative superiority of our products, opens a window of hope for the export sector. Now is the time for exporters to activate all their strength and redefine their
goals. They must create short-term, more technocratic and measurable strategies, with specific goals and measurable results. They must identify the target markets and the nutritional needs that the new dietary standards create, while maintaining traditional markets. At the same time, they need to highlight the comparative advantages of the Greek products, in order to gain the reputation they deserve. This requires high quality of raw materials, compliance with safety regulations (ISO, HACCP, etc.), international certificates such as IFS, BRC or other certificates required by modern market mechanisms, modern and practical packaging, as well as multilingual labelling. In addition, the agricultural sector must turn to new and organic crops, and certified PDO & PGI products. This critical moment does not allow us to repeat the mistakes of the past, i.e. the phenomenon of Shrinking Exports – Increasing Imports that prevailed in many periods of the Modern Greek economy. We believe that now it is more necessary than ever for the Government and exporters to join forces, cooperate in order to strengthen exports, create a great and internationally recognized brand name for Greece, avoid overlapping actions, save costs, and consequently stimulate Greece’s economy. Let’s all dare together to eradicate the evils of the past and create a healthy export environment for tomorrow. “GREECE FORWARD” is the motto that should become the new road map for Greek exports in the post-Covid-19 pandemic era.
I 75 I
DIAMONDS OF THE GREEK ECONOMY
2020
Mr. Theodoros Yarmenitis President, Panhellenic Association of Industrialists and Representatives of Cosmetics & Perfumes (PSBAK)
We honor our entire industry for the composure of our employees and companies I 76 I
Optimism prevails in the Beauty Industry The Beauty Industry in 2019 showed its strength in the market, sales networks, innovative products and services. The overall assessment of industry figures shows that after the worst moments of the 10-year economic crisis, consumers have returned to the cosmetics market. The sector in 2019 reached sales of €1.0 billion, with exports exceeding €300 million. We have been able to maintain a consistent activity in all areas, as well as to consolidate our global presence and pioneer the link between research and production. In 2020, with the advent of the Covid-19 pandemic, and despite the abrupt change, we responded immediately to two areas: health and legislation. Through actions and memoranda to the competent bodies, we succeeded in the inclusion of the relevant Activity Code Number - KAD (Category 2042) regarding the disposal and production of cosmetics-perfumes and beauty products, in the list of beneficiaries of the beneficial provisions of the Ministry of Finance, thus contributing to the protection of sector businesses and their employees. This, together with the KAD of companies that are affected or were closed by state order, created a positive image of the Association to our member companies and our employees. Cosmetics both in pharmacies and in supermarkets and e-commerce provided a breath of fresh air to the industry and its liquidity during the lockdown period. Throughout this period, e-commerce and the beauty and personal care categories
contributed to a large increase in sales in supermarkets by +166% and in pharmacies by +46% (March 2019 to March 2020). On May 4, 2020, hairdressers and beauty salons reopened. However, unfortunately, the potential of the tourist “blue economy” and the Hotel Spa cannot reopen in time. We are aware of the difficulties facing consumers. Nevertheless, companies and retailers in the sector will support the market in a variety of ways to reach stability by the end of 2020 and be on a growth trajectory in 2021. Fortunately, there have been great players in retail and healthy companies in production, imports and exports. We hope that it is in everyone’s interest for the new state measures to continue and not be temporary. We, at the Beauty Industry, involve in innovative production activities and have an awareness of what it means to restart the industry with bold decisions in both domestic and foreign markets. Employment in the Beauty Industry is strong and with discreet moves we will overcome temporary obstacles. We honor our entire industry for the composure of our employees and companies. We will continue our contribution, and remain optimistic. We are awaiting the green light for exports to begin again. We also welcome the successful execution of teleworking. In addition, we are awaiting the utilization of subsidized loans under the business financing program TEPIX II. Many thanks to the partner organizations that trust us.
I 77 I
DIAMONDS OF THE GREEK ECONOMY
2020
George Raounas Chairman of the BoD, SESMA (Hellenic Association of Management Consulting Firms), Partner KPMG Advisors
All of the above measures, if taken, will provide some relief to businesses hit by the lockdown and the pandemic in general I 78 I
Solutions and proposals for an immediate recovery of the Greek economy It is too early to assess the impact of the pandemic outbreak on the Greek economy and on individual sectors. In a survey conducted in April 2020 among SESMA members, respondents estimated that the Greek economy will return to growth rates in a year or more (68%), although 25.3% of those asked, believed that recovery will happen earlier, predicting a short, only 6-month, recession. As prof. N. Bettas, general manager at IOBE (Foundation for Economic & Industrial Research) said during the recent annual general assembly meeting of SESMA, the GDP reduction in Greece for the current year, according to Hellenic Statistical Authority and the evolution of health issues, is estimated to be between 5% and 10%. However, Greece may face increased pressure on incomes with some delay in comparison to the rest of Europe, as it happened in the financial crisis of 2008. Taking into account the views of the Greek management consulting firms, members of SESMA, specific proposals were prepared and submitted to the relevant Ministries, in order to take specific horizontal action to support the competitiveness and sustainability of Greek enterprises. These proposals include: Utilization of the National Support Reference Framework (NSRF) in order to support all firms to: upgrade their technical infrastructure and equipment, and provide training to their staff in order to be better prepared for the
new reality for “working from home” as a first step to their digital transformation; sustain job positions and avoid unemployment increase, by covering part of the social security contributions and rewarding the creation of new jobs; boost liquidity of those enterprises having already joined State Aid Actions, through receiving an advance payment without a guarantee, or with a state guarantee. Suspension of tax payments and social security contributions for the businesses most affected by Covid-19. Suspension and/or relief measures against loan obligations and overdue amounts, for at least 6 months. Facilitation of business financing by lifting impediments. Simplification and acceleration of procedures for the implementation of the Development Law and the Actions of State Aid of the NSRF, in order to ensure the timely payment of aid. All of the above measures, if taken, will provide some relief to businesses hit by the lockdown and the pandemic in general. However, as Greece’s economy is mainly based on small enterprises, which are highly dependent on consumption and heavily related to tourism, the effect will be broader and not easily controlled. It is now time to seriously reconsider our economic model and plan for the digitalized future with a better balance between services and primary/ manufacturing sectors.
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I 79 I
DIAMONDS OF THE GREEK ECONOMY
2020
Panagiotis Koutsikos Chairman of Greek - Bulgarian Chamber of Commerce and Industry
Business cooperation between Bulgaria and Greece Bulgaria, a member of the European Community, has managed to overcome the economic crisis from the beginning of the year 2011, and is constantly developing ever since. Bulgaria‘s population has reached 7.2 million people, following a declining line. Taxation on business profits is up to 10%, while the minimum wage is 350 euros, and the annual inflation is 2%. Bulgaria’s banking system is stable and business activities are considered to develop under positive circumstances. Capital investments from Greece are valued at 2.2 billion euros, excluding the percentage spent annually from business profits, because it is not recorded under the Bulgarian statistics service. The GreekBulgarian Chamber of Commerce estimates that the respective amount of capital is up to 3.4 billion euros. The total trade has reached 3.1 billion euros in 2018, which is a positive number for Greece’s trade balance. The business sector with the largest share is services-trade, followed by manufacturing and small industry. The Greek-Bulgarian Chamber of Commerce organizes departmental day conferences annually, together with one General Congress in Athens or Sophia. Thus, an opportunity is offered to people
Total trade rose to €3.1b in 2018, a positive figure for Greece’s trade balance I 80 I
from several businesses to meet potential Bulgarian colleagues, and hold discussions on developing their businesses and striking new cooperation deals. The GreekBulgarian Chamber mediates so as to offer its services to various businesses that may need support. Moreover, the Greek-Bulgarian Chamber of Commerce maintains excellent relationships with authorities, ministries, chambers and organizations, in both Greece and Bulgaria, hence it is considered a trustworthy supportive agent for the development of bilateral commerce and investments, and in this way offers reliable services to both members and nonmembers. There are 2000 active businesses of Greek interests operating currently in Bulgaria in all economic sectors. However, the actual number of businesses recorded reaches up to 15,000, owing to the fact that businesses are being established even for the purpose of buying either real estate or cars. Greek companies should seriously consider the Bulgarian market as an expansion of their activities and not take advantage of the low labor cost. The business vibe is positive, and that’s why they should focus on the capacity given to absorb business products from the Bulgarian market.
I 81 I
DIAMONDS OF THE GREEK ECONOMY
2020
Dr. Yiannis Kontoulis, President of the Hellenic Institute for Fire Protection of Structures (ELIPYKA)
One of the top goals of ELIPYKA is starting to be put in practice I 82 I
Steps for the implementation of the Building Fire Protection Regulation The Hellenic Institute of Fire Protection of Structures (ELIPYKA) has made several public interventions in the last two years for the improvement and implementation of the Regulation of Fire Protection of Buildings. In June 2020 the State announced the first step for the establishment of a Control Mechanism for the implementation of the legislation on Fire Protection. The Control Mechanism is one of the top goals of the Hellenic Institute of Fire Protection of Structures (ELIPYKA) and we welcome this decision. In particular, on June 11, 2020, the no. 19/2020 Fire Brigade Order (Πυροσβεστική Διάταξη) was issued describing the “Procedure for imposing administrative fines for violations of regulatory provisions of fire protection legislation”, published in Government Gazette B 2233 11/6/2020, and provides for administrative fines, determines their amount, severity, responsibility and the process of certification and collection, assigning responsibility to the Fire Brigade. This mechanism is an important first step in completing the Building Fire Protection Regulation and the fire protection legislation in general and we must note it accordingly. There are still steps to be taken to make sure that the Fire Protection Regulation (which is in place since 2018) is implemented, yet this first step is important as it also indicates the political
will from the Greek State to proceed. Even though this is just a first step, it has great significance, as the implementation and control mechanism is what is missing in Greek reality and hinders development under equal terms for all. The Hellenic Institute of Fire Protection of Structures (ELIPYKA): suggests, formulates and supports fire protection standards and regulations in construction industry it makes studies and proposals for new enhancements and improvements in order to reduce and prevent the loss of life and property in construction because of fire, so that Greek people and the Greek economy can flourish in a safe and healthy environment. participates in public consultations on the drafting of laws, decisions and regulations that are directly or indirectly related to the establishment of fire protection standards and the procedures for their observance (study control, control of the implementation of the study, certification) by submitting specific proposals on behalf of ELIPYKA members. Participating members of ELIPYKA are companies specialized in building systems, heat insulating materials, cables, doors, windows, façade systems, heatingcooling systems, fire protection systems, professional associations, academics, universities, specialized laboratories and firefighters.
I 83 I
DIAMONDS OF THE GREEK ECONOMY
2020
George Polychronakis, special adviser, Association of Greek Export Enterprises for Fruits and Vegetables – “Incofruit”.
The importance of maintaining healthy eating habits will be reinforced by the current health crisis, which should further promote consumption of F&V. I 84 I
Fruit and Vegetable exports up 26.7% in value and 14.8% in volume in the first four months of 2020 Following an all-time record in 2019, Greek exports of F&V continued on an upward trend, achieving increases of 26.7% in value and 14.8% in volume in the first four (4) months of 2020, compared with the same period in 2019. According to ELSTAT data processed by Incofruit, volumes reached 551.1 thousand tons with a total value of €418.1 million. Quantities of vegetable exports (EU trade and exports to third countries) rose by 10% in the first four (4) months of 2020, compared to the same period in 2019, reaching 107,926 tons, of a value of €84.5 million, up 11.7%. Fruit volumes reached 443,185 tons (+16%), while value peaked at €333.67 million (+31.1%). Vegetable export volumes increased by 10% reaching 107,926 tons, with tomatoes recording +12.3%, peppers +33.1% with 7,601 tons, cucumbers +4% and potatoes at +0.1%. Fruit exports in the first four (4) months of 2020 rose to 443.19 thousand tons representing a +16% increase compared to the same period in 2019. Apples recorded a drop of -9.6% as did mandarins -5.6%, while oranges, lemons, strawberries and kiwifruit all showed strong increases at 33.1%, 26,4%, 14.6% and 11.8% respectively. Collectively, the value of all exported fruits rose by 31.1% reaching €333.67 million (based on ELSTAT data processed by Incofruit-Hellas) The increase in export value of fruits by 31.1% is impressive and highlights the average price hike of our products, attributed mainly to oranges and kiwifruit which broke export records. Current indications based on interim data by the Ministry of Agriculture show the trend is likely to continue at +17% in
volumes and at around +25% in value. Assuming no losses due to potential future weather conditions, exports of F&V are poised for a 10 year record. In the same four-month period, a drop was recorded in F&V imports into Greece by -5% in volume. In particular, vegetable imports dropped by -11.6% in volume and -16.9% in value. Regrettably, the unlawful practice of exporting fruit directly from the field persists. Greek and other regional “traders” continue shipping unstandardized fruit, mainly to neighboring countries. On some products, this practice involves major quantities that are not recorded or reported, also resulting in damaging the reputation of Greek F&V. Without a doubt, the coronavirus pandemic will result in a financial crisis greatly affecting the buying power of European consumers. Clearly, the agro sector will not be left unscathed. However, now more than ever, consumers will be looking for fresh F&V which are health promotors while being more affordable than other categories. The importance of maintaining healthy eating habits will be reinforced by the current health crisis, which should further promote consumption of F&V. Correctly packed fruit is becoming very important while demand for non-standardized produce is dropping. In order to maintain the good reputation of Greek products in consumer markets, it is imperative to strictly apply national and EU quality specifications, as well as trading regulations with full traceability, thus providing consumers with safe produce throughout the supply chain.
DIAMONDS OF THE GREEK ECONOMY
2020
EXPORTS OF FRESH F&V IN THE FIRST 4 MONTHS OF 2020 COMPARED TO 2019 2020 Α/Α
PRODUCTS
VALUE €
2019 VOLUME TONS
VALUE €
% CHANGE 2020/2019 VOLUME TONS
IN EURO
IN TONS
1 Group 07 vegetables fresh ,frozen etc
Totals
84,466,994
107,926
75,592,323
98,086
11.70%
10.00%
2 Group 08 fruits&nuts fresh & dried
Totals
333,672,693
443,185
254,531,245
382,145
31.10%
16.00%
418,139,687
551,111
330,123,568
480,231
26.70%
14.80%
GRAND TOTAL Source: Processed by INCOFRUIT - HELLAS based on data by ELSTAT 10.6.2020
FRESH F&V EXPORTS IN THE FIRST 4 MONTHS OF 2020 COMPARED TO 2019 2020 Α/Α
PRODUCTS
2019
% CHANGE 2020/2019
1 Potatoes
VOLUME VALUE € TONS 7,761,449 23,985,690
VOLUME VALUE € TONS 10,952,074 23,949,954
2 Tomatoes
5,530,200 18,260,495
3 Cucumbers & Gerkins
17,057,300 21,251,780
4 Peppers
12,965,492
5 Oranges 6 Mandarins
IN EURO
IN TONS
-29.10%
0.10%
5,984,454 16,257,897
-7.60%
12.30%
13,198,055 20,435,064
29.20%
4.00%
5,711,625
30.40%
33.10%
96,204,169 202,150,157
61,912,285 160,204,084
55.40%
26.20%
15,956,136 27,965,847
12,657,651 29,610,396
26.10%
-5.60%
8,072,684
84.30%
26.40%
7,601,178
9,944,833
7 Lemons
7,700,190 10,205,541
8 Apples
13,139,040 25,705,386
12,244,728 28,450,158
7.30%
-9.60%
9 Strawberries
41,658,275 32,329,969
34,815,128 28,209,412
19.70%
14.60%
87,256,067 84,298,604
65,378,965 75,416,669
10 Kiwifruit
4,178,691
33.50%
11.80%
11 Grapes
180,805
130,866
238,395
307,163
-24.20%
-57.40%
12 Peaches
40,881
29,282
220,202
220,612
-81.40%
-86.70%
125,321
72,510
65,767
40,891
90.60%
77.30%
14 Cherries
2,202
1,444
1,494
1,058
47.40%
36.50%
15 Apricots
61,242
29,046
41,299
35,966
48.30%
-19.20%
1,085,617
1,620,777
160,533
259,312
576.30%
525.00%
197,361
346,007
82,602
158,231
138.90%
118.70%
13 Nectarines
16 Watermelons 17 Melons Source: Processed by INCOFRUIT - HELLAS based on data by ELSTAT 10.6.2020
IMPORTS OF FRESH F&V IN THE FIRST 4 MONTHS OF 2020 2020 Α/Α
PRODUCTS
VALUE €
2019 VOLUME TONS
VALUE €
% CHANGE 2020/2019 VOLUME TONS
IN EURO
IN TONS
1 vegetables fresh ,frozen etc
Totals
110,482,630
197,459
132,937,998
223,463
-16.90%
-11.60%
2 Fruits & nuts fresh & dried
Totals
129,160,865
121,616
108,533,270
112,260
19.00%
8.30%
239,643,495
319,075
241,471,268
335,724
-0.80%
-5.00%
TOTAL Source: Processed by INCOFRUIT - HELLAS based on data by ELSTAT 10.6.2020
I 85 I
DIAMONDS OF THE GREEK ECONOMY
2020
Konstantinos Apostolou, President of the Greek Canners Association (EKE)
Our priorities need to be reconsidered With about 99% of its total production exported, it is undeniable that the Greek Fruit Processing Industry is among the most extrovert segments of the Greek economy. That is why we are among the first to be affected by global supply chains disruptions and changes in consumer preferences. The COVID-19 pandemic has shaped the year 2020, so far. The food industry was affected in many ways by the pandemic. In our case, sales and shipments were the first activities to witness disruption. Demand for final products in retail sizes during March and the beginning of April was much higher than usual in these months. Consumers rushed to supermarkets to stock on food, and our fruits were among their first choices. Canned and frozen fruits count as much as fresh to reach the “5 A Day” goal of a healthy diet. In periods of lockdown or quarantine they are even preferable, since they are much more easily available. However, shipments of final products for use in HoReCa stopped completely. Large numbers of processed fruits are consumed in hotels, restaurants, open buffets and cafés, but all those places were shut down in most countries. Production of processed fruits in Greece takes place mainly during the summer. As we get nearer to the season, it becomes clear that production will be affected
Our fast and easy access to adequate food should not be taken for granted I 86 I
as well. One of the main issues revealed by the pandemic is the dependence of European food production on seasonal workers coming from other countries, whether inside or outside of the EU. Although the worst scenario is avoided and farm workers are allowed to cross the borders, we shall have to wait and see whether they will be enough to ensure that both quality and quantity of fruits will be the best possible. As far as factories are concerned, their operation is already adjusted to observe all necessary precautions for final products hygiene and workers protection. This will result in higher costs for the production of processed fruits this year, as is the case with most foods. The fruit processing industry always does its part to supply consumers with the highest quality possible in the most affordable prices. It is high time retailers decided to assume part of the rising cost of food production. The pandemic forced us all to reconsider our priorities. The priorities of economic activities and decisions need to be reconsidered as well. Our fast and easy access to adequate food should not be taken for granted. As societies, we need to invest more in basic food production and the people working to produce it. And start paying more for it.
›››››› DIAMONDS
OF THE GREEK ECONOMY 2020
THE MOST ADMIRED ENTERPRISES
››››››
The “diamonds” of the crisis During Greece’s tough period of 20092018, a decade of crisis in which the country lost a large part of its GDP, tens of thousands of businesses shut down and rising unemployment led to hundreds of thousands of young people leaving Greece. However, during the same period, a number of companies proved to be crisisresistant and literally flourished. This is the conclusion of a large nationwide survey conducted by New Times on a sample of 4,098 large businesses, with comparable data for the years 2009 and 2018. The survey will be presented at the business excellence event Diamonds of the Greek Economy 2020, to be held on July 15, 2020 at the Hilton Hotel Athens. According to the survey, 338 large companies from the entire business spectrum each posted 2018 net profits of more than €3.0 million. Of these, 253 companies also enjoyed an improved financial performance.
The top-20 of Greece’s most profitable companies included: Hellenic Petroleum, Cosmote Mobile Telecommunications, Motor Oil, Public Gas Corporation (DEPA), Hellenic Telecommunications Organization (OTE), Athens International Airport Eleftherios Venizelos (AIA), Greek Organization of Football Prognostics (OPAP) Mytlinaios, Hellenic Gas Transmission System Operator (DESFA), Karelia, Attiki Odos, Athens Water Supply and Sewerage Company (EYDAP), Aegean Airlines, Jumbo, FHL Kyriakidis, Ethniki - Hellenic General Insurance, AB Vassilopoulos, ElvalHalkor, Teleperformance and Nestle Hellas. Highlights in the first category (over €3 million in profit and over 10% profit growth) include the following companies:
The New Times survey shows that: ■ 196 companies reported profits above €3.0 million. These companies enjoyed a profit growth of over 10% in 2018 compared to 2009. ■ 51 companies which reported a loss in 2009, in 2018 posted profits above €3.0 million. ■ 6 companies with a profit of more than €3.0 million saw their profitability rise between 4% and 8% in 2018 compared to 2009. ■ Finally, 85 companies reported a drop in profits in 2018 compared to 2009, but their profitability increased to levels of over €3.0 million.
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■ Hellenic Petroleum SA. The parent company of the country’s largest industrial and commercial complex - currently run by Andreas Siamisiis – posted sales of almost €9.0 billion in 2018 compared to €6.2 billion in 2009. Profit jumped 206% from €219 million in 2009 to about €670 million in 2018. ■ Cosmote Mobile Telecommunications SA. The business, part of OTE Group and headed by Michael Tsamaz, posted a 42% increase in net profit, from €462.9 million in 2009 to €655.8 million in 2018. ■ Motor Oil Hellas Corinth Refineries SA. A company of the Vardinogiannis group, saw turnover double to €7.2 billion in 2018 against €3.5 billion in 2009. The company enjoyed a significant increase in profitability (143%) from €130 million in 2009 to €317 million in 2018.
Companies that flourished in the tough conditions during the period 2009-2018: A revealing New Times survey
■ Mytilineos SA. Headed by Mr. Evangelos Mytileneos, the firm enjoyed a particularly strong performance, seeing net profit rise above €151 million. The group that also holds a market share of 37% in natural gas, is the country’s largest LNG importer. Protergia’s lead is another success of the group, which acquired 60% in Zeologic and 100% in METKA EGN. ■ DESFA SA. The company, currently headed by Luis Romero Urrestarazu, and responsible for the smooth running of the national gas system, posted a spectacular jump in net profit by 195%, from €33.8 million in 2009 to €100 million in 2018. ■ Karelia Tobacco Company Inc. The Greek cigarette industry enjoyed an exceptional performance, with sales jumping from €400 million in
2009 to €694 million in 2018. It also saw net profit skyrocket from €26.9 million in 2009 to €100 million in 2018. The company, however, was also distinguished in another area: as part of its corporate and social responsibility, it distributed very high bonuses to employees, while also contributing significant funds to the wider region of Messinia. ■ Attiki Odos SA. The company, led by Messrs. Dimitris Kallitsantsis and Vassilis Chalkias, posted lower sales, but profitability rose by 12%, from €85.8 million in 2009 to €96.3 million in 2018. ■ E YDAP SA. Another company with lower sales that enjoyed an explosive increase in profit. Managed by Mr. Charalambos Sachinis, EYDAP saw profit rise from €18 million in 2009 to €80 million in 2018. ■A egean Airlines SA. The firm, run by Mr. Eftychis Vasilakis, is currently facing one of its biggest challenges as a result of the Covid-19 pandemic, but has posted an impressive growth trend in the decade 2009-2018. Specifically, sales rose from €622.7 million in 2009 to €961 million in 2018, with net profit jumping 127%, from €32.5 million to €73.8 million. ■ F HL H. Kyriakidis SA. The extroverted marble industry is certainly one of the ultimate business success stories. The company, which collaborates with businesses and organizations across the world, saw sales rise from €63.5 million in 2009 to €128.5 million in 2018.
Companies in the same category which recorded good performance include: Service 800 - Teleperformance SA, Pylea SA, Hellenic Telecommunications and Post Commission (EETT), Pavlidis Marble-Granite SA, Autohellas (Hertz), Imerys Industrial Minerals Greece SA, C. Rokas SA, Mermeren Kombinat, Thessaloniki Port Authority SA, Crete Plastics SA, TERNA Energy, Eurobank EFG Factors SA, Hellenic Dairies SA, and BP Hellenic SA.
››››››
■ Public Gas Corporation (DEPA) SA. The company, which is currently managed by Mr. Konstantinos Xifaras, enjoys an outstanding performance, with profitability skyrocketing 408%, from €61 million in 2009 to €310 million in 2018.
The most impressive rises in profitability between 2009 and 2018 were recorded by the following companies: hotel businesses Zeus SA and Atlantis SA, Macedonia-Thrace Brewery SA, hotel Achinopodi, food industry Arivia, trading company TELMACO SA, hotel company FAIAX, industrial steel company Sidenor, commercial air conditioning AHI Carrier, food industry Biomar Hellenic, pharmaceutical Genepharm, automobile company Mercedes Benz Hellas, plastics industry MONOTEZ, DOW Hellas, dairy industry Karalis, poultry industry Th. Nitsiakos SA, Aeolian Energy Peloponnese, Teleperformance, food industry Balakanaki Bros, beverage industry Kalogiannis-Koutsikos, and hotel companies The Margi and Asteras SA. The category of companies which managed to return from “red” in 2009 to “black” in 2018, also posting impressive profitability, included: National Insurance, ElvalHalcor, Piraeus Port Authority, Lamda Domi, petroleum marketing company Coral SA, Nea Odos SA, metal products industries Profisol & Thebes Pipeworks, Attiki Natural Gas Distribution Company, Simens SA, and Interamerican.
I 89 I
DIAMONDS OF THE GREEK ECONOMY
Turnover Change
Pre-Tax Income 2008
Pre-Tax Income 2018
Pre-Tax Income Change
1 HELLENIC PETROLEUM SA
PETROLEUM PRODUCTS
6,172,586,000
8,967,702,000
45%
219,014,000
669,577,000
206%
2 COSMOTE – MOBILE TELECOMMUNICATIONS S.A.
TELECOMUNICATIONS
1,908,395,000
1,117,612,000
-41%
462,924,000
655,787,000
42%
3 MOTOR OIL HELLAS CORINTH REFINERIES SA
PETROLEUM PRODUCTS
3,493,334,000
7,205,541,000 106%
130,406,000
316,995,000
143%
4 PUBLIC GAS CORPORATION (DEPA) S.A.
-
1,003,640,166
996,616,157
-1%
61,003,350
309,971,699
408%
5 HELLENIC TELECOMMUNICATION ORGANIZATION (OTE) SA
TELECOMUNICATIONS
2,412,400,000
1,582,600,000
-34%
412,100,000
308,200,000
-25%
Company Name
Sector
6 ATHENS INTERNATIONAL AIRPORT S.A.
TRANSPORT COMPANIES
457,493,713
478,714,977
5%
264,523,122
239,682,891
-9%
7 OPAP SA
-
5,222,199,000
1,294,097,000
-75%
938,884,000
200,008,000
-79%
8 MYTILINEOS HOLDINGS S.A.
HOLDING COMPANIES
_
1,226,117,000
_
1,788,000
151,112,000
8351%
9 DESFA SA
-
220,145,000
199,485,000
-9%
33,784,000
99,608,000
195%
CIGARETTES
399,816,000
694,754,000
74%
26,884,000
98,990,000
268%
10 KARELIA TOBACCO SA
001 - 045
In blue font are the companies that posted an increase in profit.
Turnover 2018
A NEW TIMES SURVEY ON COMPANY RESULTS IN THE PERIOD 2009 - 2018 Turnover 2009
2020
THE “DIAMONDS” OF THE CRISIS
11 ATTIKI ODOS S.A.
MISCELLANEOUS SERVICES
248,552,000
185,765,000
-25%
85,795,000
96,312,000
12%
12 WATTER SUPPLY & SEWERAGE CO OF ATHENS (EYDAP) SA
-
386,174,000
322,396,000
-17%
18,016,000
80,314,000
346%
13 AEGEAN AIRLINES S.A.
AIRLINES
622,713,110
961,057,460
54%
32,526,330
73,783,490
127%
14 JUMBO S.A.
MISCELLANEOUS PRODUCTS
444,140,428
391,875,017
-12%
107,748,818
72,879,763
-32%
15 F.H.L. KYRIAKIDIS E. SA FHL
NON-METALLIC MINERALS
63,539,504
128,523,360
102%
8,140,282
70,634,164
768%
16 '' H ENTHIKI '' S.A.
INSURANCE
488,879,000
582,489,000
19%
-58,500,000
63,144,000
0%
17 ALFA BETA VASSILOPOULOS SA
SUPERMARKET
1,393,785,000
1,986,336,000
43%
50,906,000
54,006,000
6%
18 ELVALHALCOR S.A.
METAL PRODUCTS
343,547,307
1,486,972,000 333%
-13,251,258
53,949,000
0%
19 SERVICE 800 - TELEPERFORMANCE S.A.
MISCELLANEOUS SERVICES
63,635,010
224,090,291
252%
2,370,423
46,793,113
1874%
20 NESTLE HELLAS S.A
FOOD PRODUCTS
368,113,097
339,628,963
-8%
75,009,756
42,929,889
-43%
21 PYLAIA S.A.
REAL ESTATE
21,456,802
22,951,951
7%
13,723,072
42,469,975
209%
22 PEIREAS PORT AUTHORITY S.A.
TRANSPORT COMPANIES
128,483,428
132,931,041
3%
-38,325,334
42,332,514
0%
23 ENTHNIKI EPITROPI TILEPIKOINONION KAI TAXYDROMEION
MISCELLANEOUS SERVICES
43,617,350
40,628,235
-7%
34,819,297
41,094,436
18%
24 PAVLIDIS MARBLE-GRANITES SA
NON-METALLIC MINERALS
29,642,504
80,658,574
172%
6,344,489
40,866,095
544%
25 AUTOHELLAS (HERTZ) S.A.
CAR RENTAL
152,665,536
221,122,086
45%
16,441,292
35,915,959
118%
26 IMERYS INDUSTRIAL ORES SA
NON-METALLIC MINERALS
113,026,000
114,162,000
1%
7,942,000
35,707,000
350%
27 TITAN CEMENT CO. SA
NON-METALLIC MINERALS
450,092,000
229,038,000
-49%
79,847,000
35,061,000
-56%
28 PAPASTRATOS TOBACCO S.A.
CIGARETTES
316,897,191
320,894,686
1%
87,698,606
33,883,666
-61%
29 LAMDA DOMI S.A.
REAL ESTATE
19,534,293
21,610,307
11%
-2,969,727
32,838,450
0%
30 ROKAS CH. S.A.
METAL PRODUCTS
49,776,000
53,039,000
7%
7,854,000
31,998,000
307%
31 CORAL SA
PETROLEUM PRODUCTS
1,539,239,710
1,976,181,000
28%
-5,352,539
30,310,000
0%
32 PEIRAIOS PRAKTOREIAKI S.A.
INSURANCE
34,509,759
33,251,039
-4%
29,945,723
27,017,919
-10%
33 MERMEREN KOMBINAT AD PRILEP
NON-METALLIC MINERALS
15,752,139
39,940,803
154%
2,956,120
25,045,216
747%
34 THESSALONIKI PORT AUTHORITY SA
TRANSPORT COMPANIES
45,948,872
58,534,688
27%
6,496,842
24,729,266
281%
35 PLASTIKA KRITIS S.A.
PLASTICS - RUBBER
86,831,000
139,202,000
60%
8,460,000
24,337,000
188%
36 L'OREAL HELLAS SA
PHARMACEUTICALS COSMETICS
191,291,953
152,625,413
-20%
27,507,687
23,741,044
-14%
37 TERNA ENERGEIAKI S.A.
-
65,221,000
98,301,000
51%
19,409,000
21,833,000
12%
38 EUROBANK EFG FACTORS S.A.
MISCELLANEOUS SERVICES
20,846,055
24,620,668
18%
16,253,602
21,203,201
30%
39 HELLENIC DAIRIES SOCIETE ANONYME
FOOD PRODUCTS
113,180,966
281,416,458
149%
6,073,484
20,933,129
245%
40 THESSALONIKI WATER SUPPLY & SEWERAGE CO. S.A.
-
77,376,000
73,030,000
-6%
22,012,000
20,606,000
-6%
41 NEA ODOS SA
MISCELLANEOUS SERVICES
67,229,386
131,193,464
95%
-22,234
20,500,652
0%
42 BP ELLINIKH S.A.
PETROLEUM PRODUCTS
127,462,279
318,003,386
149%
10,648,855
20,124,644
89%
43 DOW HELLAS S.A.
CHEMICAL PRODUCTS
40,355,406
78,625,356
95%
735,470
19,456,268
2545%
44 PROFISOL SA
METAL PRODUCTS
11,850,262
2,527,252
-79%
-985,349
19,382,443
0%
45 THIVON PIPEWORKS S.A.
METAL PRODUCTS
8,222,491
792,626
-90%
-2,215,502
19,374,769
0%
I 90 I
I 91 I
DIAMONDS OF THE GREEK ECONOMY
Turnover 2018
Turnover Change
Pre-Tax Income 2008
Pre-Tax Income 2018
Pre-Tax Income Change
A NEW TIMES SURVEY ON COMPANY RESULTS IN THE PERIOD 2009 - 2018 Turnover 2009
2020
THE “DIAMONDS” OF THE CRISIS
46 IKTINOS HELLAS S.A.
NON-METALLIC MINERALS
16,225,636
53,170,861
228%
1,196,093
18,509,391
1447%
47 PFIZER HELLAS S.A.
PHARMACEUTICALS COSMETICS
411,348,866
226,980,853
-45%
15,002,536
18,480,795
23%
48 ATHENIAN BREWERY SA
SPIRITS
448,302,418
324,700,329
-28%
102,467,248
17,613,007
-83%
49 TOYOTA HELLAS SA
TRANSPORTATION MEANS & SPARE PARTS
425,561,874
213,532,786
-50%
22,707,910
17,285,284
-24%
50 AXA ASFALISTIKI SA
INSURANCE
101,824,000
144,517,000
42%
14,018,000
17,283,000
23%
51 TERNA S.A
-
507,724,000
879,269,000
73%
28,610,000
16,895,000
-41%
52 DSGI SOUTH-EAST EUROPE SA
ELECTRICAL APPLIANCES
488,341,780
531,452,851
9%
18,872,391
16,671,632
-12%
046 - 088
Company Name
Sector
53 COCA - COLA TRIA EPSILON (3E)
SPIRITS
14,920,900
480,700,000
-803,500
16,400,000
0%
54 ATTIKI GAS SUPPLY S.A.
ENERGY
114,537,161
51,144,706
-55%
-18,080,875
15,623,049
0%
55 SIEMENS S.A.
ELECTRICAL SUPPLIES
254,425,204
48,146,940
-81%
-151,200,192
15,505,298
0%
56 PHARMATHEN SA
PHARMACEUTICALS DETERGENTS
89,324,605
178,809,351
100%
10,143,277
15,467,921
52%
57 LAMDA OLYMPIA VILLAGE SA
REAL ESTATE
38,931,634
33,326,079
-14%
22,526,678
15,416,449
-32%
58 INTERAMETICAN ELLINIKI ETAIREIA ASFALISEON ZIMION SA
INSURANCE
170,590,103
147,415,695
_
-1,347,722
15,158,031
0%
59 PIRAEUS LEASING S.A.
LEASING
52,612,000
14,285,000
_
3,503,000
15,053,000
330%
60 PROMETHEUS GAS SA
-
13,720,256
230,283,557
1,346,931
15,037,327
1016%
61 EUROPEAN RELIANCE GENERAL INSURANCE CO S.A.
INSURANCE
114,726,000
_
_
3,663,000
14,941,000
308%
62 HYGEIA ATHENS DIAGNOSTIC & THERAPEUTIC CENTER SA
MEDICAL SERVICES
141,423,841
132,345,000
-6%
18,296,337
14,913,000
-18%
63 ARIVIA S.A.
FOOD PRODUCTS
24,837,449
51,810,589
109%
247,637
14,880,245
5909%
64 G.E.F.Y.R.A. S.A.
TRANSPORT COMPANIES
51,387,656
44,412,931
-14%
18,179,157
14,254,869
-22%
65 KRI-KRI DAIRY INDUSTRY S.A.
FOOD PRODUCTS
38,678,464
94,234,441
144%
3,725,140
14,240,014
282%
66 FIBRAN ANASTASSIADES D. SA
PLASTICS - RUBBER
41,220,096
135,328,703
228%
6,501,825
14,162,721
118%
67 ABC FACTORS S.A.
MISCELLANEOUS SERVICES
17,622,390
18,692,694
6%
10,279,430
14,069,638
37%
68 MASSOUTIS DIAMANTIS SUPERMARKET SA
SUPERMARKET
602,181,000
770,349,000
28%
15,312,000
14,033,000
-8%
69 ZARA HELLAS S.A.
CLOTHING - FOOTWEAR
228,259,230
269,546,944
18%
12,382,081
14,024,490
13%
70 ELECTOR S.A.
MISCELLANEOUS SERVICES
49,073,262
48,753,000
-1%
15,817,592
13,770,000
-13%
71 STAR BEACH S.A.
MISCELLANEOUS SERVICES
4,742,138
40,200,674
748%
-327,210
13,679,825
0%
96,658,758
138,215,108
43%
1,896,647
13,012,875
586%
251,438,514
117,239,524
-53%
36,751,477
12,947,200
-65%
413,208,123
449,969,815
9%
15,367,959
12,802,196
-17%
72 DEMO SA 73 GENESIS PHARMA SA 74 PENTE SA
PHARMACEUTICALS DETERGENTS PHARMACEUTICALS COSMETICS SUPERMARKET
75 PUBLIC PROPERTIES COMPANY S.A.
REAL ESTATE
41,221,699
47,409,633
15%
-131,570,816
12,717,009
0%
76 ATLANTIKA HELLAS SA
HOTELS
20,570,906
37,225,090
81%
2,660,987
12,556,181
372%
77 LAMPSA S.A. HELLENIC HOTELS COMPANY
HOTELS
29,762,000
54,667,000
84%
1,373,000
12,469,000
808%
78 EPIROTIKI BOTTLING COMPANY SA
SPIRITS
67,777,546
74,743,989
10%
9,355,503
12,329,677
32%
79 ATTICA DEPARTMENT STORES S.A.
CLOTHING - FOOTWEAR
102,415,691
181,314,641
77%
5,399,454
12,192,846
126%
80 PAPADOPOULOS E.I. S.A.
FOOD PRODUCTS
116,999,421
157,608,652
35%
14,092,592
12,126,069
-14%
81 INTRACOM TELECOM SA
HOTELS
234,256,000
115,946,506
-51%
-3,888,000
12,104,464
0%
82 KORONAKIS D. S.A.
MISCELLANEOUS PRODUCTS
24,829,778
48,777,456
96%
7,694,806
11,880,686
54%
83 AGROINVEST S.A.
FOOD PRODUCTS
72,419,115
109,240,342
51%
-419,314
11,840,271
0%
84 FAIAX S.A.
HOTELS
21,719,599
65,840,261
203%
229,819
11,543,981
4923%
85 ERNST & YOUNG BUSINESS ADVISORY SOLUTIONS SA
FINANCIAL SERVICES
20,255,010
60,415,467
198%
1,750,588
11,499,976
557%
86 ROLEX HELLAS SA
MISCELLANEOUS PRODUCTS
27,268,432
56,403,897
107%
3,387,401
11,492,743
239%
87 MEDITERRANEA SHIPPING COMPANY HELLAS S.A.
MISCELLANEOUS SERVICES
48,167,268
70,800,971
47%
7,072,194
11,447,696
62%
88 SYSTEMS SUNLIGHT S.A.
HOTELS
99,432,342
107,533,735
8%
-9,567,632
11,173,206
0%
I 92 I
DIAMONDS OF THE GREEK ECONOMY
Turnover 2018
Turnover Change
Pre-Tax Income 2008
Pre-Tax Income 2018
Pre-Tax Income Change
A NEW TIMES SURVEY ON COMPANY RESULTS IN THE PERIOD 2009 - 2018 Turnover 2009
2020
THE “DIAMONDS” OF THE CRISIS
89 NOVARTIS HELLAS S.A
PHARMACEUTICALS COSMETICS
439,853,542
310,566,097
-29%
11,584,398
10,959,666
-5%
90 BIC VIOLEX
MISCELLANEOUS PRODUCTS
131,505,775
170,732,360
30%
12,635,140
10,902,339
-14%
91 ION COCOA & CHOCOLATE MANUFACTURERS SA
FOOD PRODUCTS
106,056,691
108,251,530
2%
4,756,799
10,590,203
123%
92 HOTELS LOUIS S.A.
HOTELS
32,416,384
44,967,171
39%
-911,171
10,548,134
0%
93 B&F SA
CLOTHING
34,646,635
71,184,843
105%
-1,836,886
10,245,245
0%
94 MEGA DISPOSABLES S.A.
PAPER
68,162,791
193,627,300
184%
3,028,174
10,157,761
235%
95 FLEXOPACK SA
PLASTICS - RUBBER
36,346,000
72,424,000
99%
4,022,000
10,148,000
152%
96 AIOLIKI ENERGEIAKH PELOPONNISOY S.A.
ENERGY
5,414,512
23,821,053
340%
500,818
10,045,979
1906%
97 ARAMBATZIS MICH. SA
FOOD PRODUCTS
47,870,748
75,351,000
57%
6,082,566
9,963,000
64%
98 HALKIADAKIS SA
SUPERMARKET
119,521,088
155,276,295
30%
2,179,713
9,896,110
354%
99 NEWREST INFLIGHT SERVICES HELLAS S.A.
089 - 130
Company Name
Sector
FOOD PRODUCTS
11,423,545
53,559,436
369%
-465,145
9,710,333
0%
100 VIVECHROM DR. STEPHANOS D. PATERAS S.A.
CHEMICAL PRODUCTS
61,836,633
61,142,781
-1%
12,189,378
9,694,588
-20%
101 KARATZIS S.A.
MISCELLANEOUS PRODUCTS
47,262,000
69,978,217
48%
3,946,000
9,684,174
145%
102 CARAVEL HOTELS S.A.
HOTELS
32,062,691
38,773,268
21%
2,615,854
9,599,157
267%
103 LANDIS + GYR SA
MISCELLANEOUS PRODUCTS
49,257,188
160,602,049
226%
-423,515
9,561,083
0%
104 AVIN OIL SA
PETROLEUM PRODUCTS
878,791,000
1,171,954,000
33%
2,806,000
9,558,000
241%
PHARMACEUTICALS 105 IPRT INSTITUTE FOR PHARMACEUTICAL RESEARCH & TECHNOLOGY SA COSMETICS
29,858,806
85,723,176
187%
-3,857,722
9,396,740
0%
106 PRICEWATERHOUSECOOPERS BUSINESS SOLUTIONS A.E.
FINANCIAL SERVICES
5,142,609
41,936,426
715%
-214,362
9,343,733
0%
107 BOEHRINGER INGELHEIM HELLAS SA
PHARMACEUTICALS DETERGENTS
267,051,359
325,922,365
22%
10,015,475
9,315,131
-7%
108 OPTIMA S.A.
FOOD TRADE
102,705,640
133,832,819
30%
4,135,567
9,306,937
125%
109 LOUIS VUITTON HELLAS S.A.
CLOTHING - FOOTWEAR
27,700,747
27,413,811
-1%
5,287,228
9,223,988
74%
110 IRON THERMOHLEKTRIKI SA
ENERGY
23,804,000
347,223,000
2,404,000
9,203,000
283%
111 BIOMAR HELLENIC S.A.
FOOD PRODUCTS
38,387,819
67,912,811
77%
212,803
9,135,359
4193%
112 KONSTANTOPOULOS SA '' OLYMP ''
FOOD PRODUCTS
24,173,014
49,085,098
103%
1,154,943
8,956,588
676%
113 FAGE DAIRY INDUSTRY SA
FOOD PRODUCTS
237,990,000
127,800,000
-46%
14,285,000
8,885,000
-38%
114 MEDIPRIME S.A.
SCIENTIFIC & MEDICAL DEVICES
23,447,522
31,836,878
36%
8,355,668
8,832,062
6%
75,069,475
46,239,452
-38%
10,947,274
8,784,859
-20%
186,586,169
120,121,902
-36%
-2,575,152
8,764,719
0%
177,761
8,650,849
4767%
115 SPECIFAR SA 116 FIAT GROUP AUTOMOBILS HELLAS SA
PHARMACEUTICALS DETERGENTS TRANSPORTATION MEANS & SPARE PARTS
117 SIDENOR S.A.
METAL PRODUCTS
1,393,748
389,065,935
118 KALOGIANNIS-KOUTSIKOS S.A.
SPIRITS
7,660,703
16,216,171
112%
463,287
8,625,179
1762%
119 ETHNIKI LEASING S.A.
LEASING
28,427,000
10,529,000
-63%
-2,000
8,497,000
0%
120 BIOKOSMOS S.A.
SCIENTIFIC & MEDICAL DEVICES
10,569,364
17,265,556
63%
633,949
8,482,717
1238%
121 METRO S.A.
SUPERMARKET
668,262,431
1,190,626,027
78%
15,145,330
8,475,460
-44%
122 MERCEDES-BENZ HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
359,715,485
165,868,736
-54%
262,360
8,440,377
3117%
123 M. I. MAILLIS S.A.
METAL PRODUCTS
62,199,635
62,359,000
0%
-34,984,043
8,377,000
0%
124 GOLF REZINTENSIS S.A.
HOTELS
3,311,756
38,127,976
728,290
8,319,994
1042%
125 ΝΟΚΙΑ SIEMENS TILEPIKOINONIAKA DIKTIA HELLAS SA
ELECTRICAL SUPPLIES
86,838,227
114,670,369
32%
1,656,221
8,316,800
402%
126 H AND M HENNES AND MAURITZ S.A.
CLOTHING - FOOTWEAR
45,829,716
154,508,597
237%
-1,370,351
8,287,922
0%
127 KAFEA TERRA FOOD & DRINKS S.A.
FOOD PRODUCTS
12,885,837
65,638,458
409%
2,783,195
8,270,532
197%
128 GLAROS S.A.
PAPER
13,540,968
35,988,748
166%
3,523,440
8,259,516
134%
129 GENEPHARM S.A.
PHARMACEUTICALS DETERGENTS
32,159,168
46,675,553
45%
205,800
8,226,345
3897%
130 AKTOR CONCESSIONS S.A.
HOLDING COMPANIES
8,764,873
1,458,323
-83%
17,641,375
8,216,879
-53%
I 94 I
I 95 I
Turnover Change
Pre-Tax Income 2008
Pre-Tax Income 2018
Pre-Tax Income Change
A NEW TIMES SURVEY ON COMPANY RESULTS IN THE PERIOD 2009 - 2018 Turnover 2018
2020
THE “DIAMONDS” OF THE CRISIS
Turnover 2009
DIAMONDS OF THE GREEK ECONOMY
165,810,016
191,742,308
16%
7,691,177
8,093,389
5%
PETROLEUM PRODUCTS
94,819,989
176,562,021
86%
4,911,456
7,972,195
62%
TELECOMUNICATIONS
203,767,813
346,961,011
70%
4,791,169
7,947,602
66%
169,028,371
148,436,461
-12%
1,800,077
7,933,705
341%
463,100,842
216,874,502
-53%
19,773,612
7,931,180
-60%
Company Name
131 MERCK SHARP & DOHME SA
PHARMACEUTICALS COSMETICS
132 SEKA BUNKERING STATIONS SA 133 OTE GLOBE AE 134 BAYER HELLAS S.A. 135 PROCTER & GAMBLE HELLAS LTD
131 - 171
Sector
PHARMACEUTICALS COSMETICS PHARMACEUTICALS COSMETICS
136 SOYA HELLAS S.A.
FOOD PRODUCTS
292,117,097
276,198,856
-5%
4,427,332
7,897,499
78%
137 INTERCOMM FOODS S.A.
FOOD PRODUCTS
42,494,218
87,524,626
106%
706,905
7,851,641
1011%
138 BANK OF ATTICA SA
BANKS
139 SMYRDEX S.A.
NON-METALLIC MINERALS
140 IBM HELLAS S.A.
_
_
_
12,577,972
7,837,000
-38%
9,011,516
19,785,014
120%
684,045
7,772,674
1036%
OFFICE DEVICES
112,741,000
87,311,000
-23%
16,580,000
7,682,000
-54%
141 ACCENTURE S.A.
MISCELLANEOUS SERVICES
35,330,580
59,178,076
67%
1,403,337
7,631,397
444%
142 PROMETALBAKLI S.A.
METAL PRODUCTS
34,068,512
87,110,259
156%
1,472,148
7,609,788
417%
143 KAFKAS B. S.A.
ELECTRICAL SUPPLIES
70,414,710
149,360,000
112%
4,332,622
7,573,000
75%
144 ATTIKES DIADROMES SA
MISCELLANEOUS SERVICES
62,246,837
57,803,448
-7%
19,750,710
7,223,058
-63%
145 HERMES S.A.
PETROLEUM PRODUCTS
224,982,002
661,911,000
194%
1,822,866
7,000,000
284%
146 TASTY FOODS S.A.
FOOD PRODUCTS
122,191,190
107,147,232
-12%
7,429,155
6,915,713
-7%
147 JOHNSON & JOHNSON HELLAS SA
PHARMACEUTICALS DETERGENTS
191,253,488
103,797,981
-46%
8,270,627
6,883,830
-17%
148 MEGAPLAST S.A.
PLASTICS - RUBBER
13,564,886
31,925,847
135%
1,872,952
6,810,118
264%
149 KAVALA OIL SA
PETROLEUM PRODUCTS
34,026,931
18,328,788
-46%
-2,879,673
6,790,362
0%
150 PETTAS PAVLOS N. S.A.
FOOD PRODUCTS
80,104,159
135,372,617
69%
3,518,740
6,750,836
92%
151 BALAKANAKI BROS SA
FOOD PRODUCTS
33,355,875
46,269,784
39%
349,327
6,657,958
1806%
152 BARBA STATHIS S.A.
FOOD PRODUCTS
697,437
84,249,000
-178,803
6,645,000
0%
153 BARILLA HELLAS SA
FOOD PRODUCTS
80,605,016
73,606,957
-9%
6,787,410
6,605,167
-3%
154 INTRACOM CONSTRUCT S.A. "INTRAKAT"
-
152,179,849
227,824,507
50%
4,188,383
6,518,885
56%
155 MOUSTAKAS G. N. SA
MISCELLANEOUS PRODUCTS
22,237,663
55,508,212
150%
1,607,817
6,494,628
304%
156 H. B. BODY SA
CHEMICAL PRODUCTS
43,442,708
33,866,127
-22%
10,469,547
6,494,004
-38%
157 IMPERIAL TOBACCO HELLAS S.A.
CIGARETTE TRADE
93,196,610
359,765,882
286%
9,473,024
6,438,958
-32%
158 HUAWEI TECHNOLOGIES SA
ELECTRICAL SUPPLIES
31,504,332
185,800,989
490%
2,082,242
6,332,818
204%
159 LUXOTTICA HELLAS S.A.
MISCELLANEOUS PRODUCTS
48,889,551
25,165,699
-49%
13,431,249
6,328,064
-53%
7,930,433
28,628,249
261%
400,621
6,293,955
1471%
22,243,885
55,857,246
151%
479,151
6,200,110
1194%
132,891,048
95,519,441
-28%
14,574,166
6,069,005
-58%
FOOD PRODUCTS
62,373,672
63,278,207
1%
4,687,785
6,048,666
29%
164 PLAISIO COMPUTERS S.A.
OFFICE DEVICES
386,559,000
302,741,000
-22%
8,055,000
6,040,000
-25%
165 APIVITA SA
PHARMACEUTICALS DETERGENTS
27,379,297
43,623,167
59%
2,601,252
6,018,742
131%
166 KNAUF S.A.
NON-METALLIC MINERALS
47,535,867
47,982,359
1%
13,805,085
5,981,713
-57%
167 PHARMASERVE LILLY S.A.
PHARMACEUTICALS COSMETICS
218,848,716
92,646,618
-58%
19,356,944
5,941,506
-69%
168 CHITOS S.A.
SPIRITS
46,785,010
52,147,936
11%
5,912,393
5,911,082
-0%
169 GREGORY'S MIKROGEVMATA S.A.
FOOD PRODUCTS
41,806,170
41,039,446
-2%
-471,162
5,869,248
0%
170 AMVYX S.A.
SPIRITS TRADE
47,734,103
121,651,605
155%
439,341
5,857,784
1233%
171 AGRIFREDA S.A.
FOOD PRODUCTS
9,060,547
35,382,114
291%
1,256,544
5,841,061
365%
160 COPER S.A. 161 IAPONIKI SA 162 ELPEN PHARMACEUTICAL SA 163 MELISSA KIKIZAS S.A.
I 96 I
PHARMACEUTICALS DETERGENTS TRANSPORTATION MEANS & SPARE PARTS PHARMACEUTICALS DETERGENTS
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172 - 215
174 FAMAR HEALTH CARE SERVICES
Pre-Tax Income Change
173 HYUNDAI HELLAS S.A.
FOOD PRODUCTS TRANSPORTATION MEANS & SPARE PARTS PHARMACEUTICALS DETERGENTS
Pre-Tax Income 2018
172 MONDELEZ HELLAS S.A.
Sector
Pre-Tax Income 2008
Company Name
Turnover Change
A NEW TIMES SURVEY ON COMPANY RESULTS IN THE PERIOD 2009 - 2018 Turnover 2018
2020
THE “DIAMONDS” OF THE CRISIS
Turnover 2009
DIAMONDS OF THE GREEK ECONOMY
147,314,597
116,247,140
-21%
20,094,835
5,837,141
-71%
150,205,020
60,547,306
-60%
-1,471,793
5,831,311
0%
120,410,248
131,270,565
9%
1,493,436
5,826,673
290%
175 CALIN S.A.
CLOTHING - FOOTWEAR
37,283,654
51,795,410
39%
4,185,950
5,777,325
38%
176 ATHENS MEDICAL S.A.
MEDICAL SERVICES
279,396,927
176,623,000
-37%
8,261,145
5,725,000
-31%
177 JOTIS S.A.
FOOD PRODUCTS
69,964,001
76,455,421
9%
6,978,490
5,675,316
-19%
178 POLYEKO S.A.
MISCELLANEOUS PRODUCTS
16,376,103
21,170,907
29%
3,467,113
5,660,888
63%
179 SCHUR FLEXIBLES ABR S.A.
PLASTICS - RUBBER
27,968,047
57,643,029
106%
767,219
5,613,656
632%
180 HARITOPOULOS D.N. S.A.
NON-METALLIC MINERALS
5,202,992
8,159,209
57%
2,988,571
5,577,399
87%
181 DIAXON S.A.
PLASTICS - RUBBER
15,014,000
15,304,000
2%
3,690,000
5,560,000
51%
182 KARYDAKIS ST. GRAPHIC ARTS SA
PUBLICATIONS - PRINTING
10,310,362
23,487,390
128%
1,022,847
5,554,770
443%
183 ELECTRA S.A.
HOTELS
8,218,242
10,622,772
29%
2,094,730
5,481,910
162%
184 COSCO SHIPPING LINES HELLAS SA
TRANSPORT COMPANIES
7,693,713
54,265,320
605%
451,108
5,417,357
1101%
185 ESPERIA S.A.
HOTELS
26,384,081
38,582,972
46%
-677,093
5,376,110
0%
186 NBG ASSET MANAGEMENT SA
FINANCIAL SERVICES
30,740,142
8,660,518
-72%
9,754,433
5,326,689
-45%
187 ASEA BROWN BOVERI SA
HOTELS
114,949,361
117,555,554
2%
2,840,648
5,268,989
85%
188 SAP HELLAS S.A.
INFORMATION TECHNOLOGY
32,137,408
41,662,610
30%
2,716,943
5,248,242
93%
189 ELLINIKOI HYMOI S.A.
SPIRITS
8,413,696
26,291,181
212%
761,456
5,214,990
585%
190 LEADER S.A.
FOOD TRADE
44,843,814
70,816,788
58%
2,000,257
5,212,069
161%
191 FREZYDERM SA
PHARMACEUTICALS DETERGENTS
15,034,003
39,687,677
164%
450,606
5,179,383
1049%
192 LAVA MINING & QUARRYING S.A.
MINES
7,907,000
12,489,000
58%
-202,000
5,100,000
0%
193 ISOMAT S.A.
CHEMICAL PRODUCTS
32,464,299
57,426,132
77%
4,703,944
5,094,590
8%
194 TELMACO SA
ELECTRICAL SUPPLIES
17,684,610
30,959,637
75%
88,196
5,085,608
5666%
195 BEIERSDORF HELLAS S.A.
PHARMACEUTICALS COSMETICS
63,108,590
39,680,977
-37%
8,927,703
5,080,946
-43%
196 STELLA BEACH S.A.
HOTELS
5,071,520
18,361,514
262%
-62,936
5,017,750
0%
197 FRIGO STAHL S.A.
-
30,330,830
30,016,085
-1%
4,315,429
4,983,618
15%
198 SUNWING HOTELS HELLAS S.A.
HOTELS
12,669,566
16,049,089
27%
1,787,442
4,973,864
178%
199 THEODOROU AUTOMATION S.A.
MACHINERY
10,037,154
19,268,522
92%
1,431,683
4,959,765
246%
200 ALCHIMICA S.A.
CHEMICAL PRODUCTS
16,573,007
40,265,296
143%
2,871,588
4,955,136
73%
201 ATRIUM PALACE S.A.
HOTELS
7,400,676
19,090,299
158%
-1,588,592
4,924,161
0%
202 PPC RENEWABLES S.A.
ENERGY
23,101,732
26,293,197
14%
6,500,020
4,917,676
-24%
203 PULL AND BEAR SA
CLOTHING - FOOTWEAR
38,381,593
53,708,448
40%
1,650,859
4,904,771
197%
204 NITSIACOS TH. S.A.
FOOD PRODUCTS
115,206,272
346,936,600
201%
238,043
4,875,333
1948%
205 HEMPEL COATINGS ( HELLAS ) S.A.
CHEMICALS - PAINTS
20,807,866
31,467,085
51%
439,769
4,767,321
984%
206 DEAS S.A.
FOOD PRODUCTS
19,659,465
43,649,379
122%
460,933
4,764,376
934%
207 ANTIPOLLUTION S.A.
MISCELLANEOUS SERVICES
12,788,515
17,666,398
38%
2,346,407
4,762,787
103%
208 ELVIAL SA
METALLURGY
33,736,711
74,546,274
121%
1,473,916
4,757,735
223%
209 ELTON INTERNATIONAL COMMERCE S.A.
CHEMICALS - PAINTS
52,933,158
85,678,302
62%
3,017,522
4,739,834
57%
210 GYALOU SA
REAL ESTATE
_
6,306,760
_
-11,577
4,737,377
0%
211 HATZILAZAROU J. S.A.
HOTELS
10,680,292
23,211,893
117%
1,460,228
4,636,645
218%
212 PRODROMOS PAVLIDIS S.A.
FOOD PRODUCTS
40,637,100
60,263,133
48%
2,195,222
4,609,543
110%
213 KTISTOR S.A.
-
20,074,388
21,135,521
5%
625,348
4,604,332
636%
214 HOUSE MARKET SA
FURNITURE - RUGS - LIGHTING
297,204,416
193,064,000
-35%
38,005,964
4,591,000
-88%
215 ATLAS TAPES S.A.
PLASTICS - RUBBER
31,488,290
78,694,876
150%
-989,767
4,562,331
0%
I 98 I
I 99 I
DIAMONDS OF THE GREEK ECONOMY
Turnover 2018
Turnover Change
Pre-Tax Income 2008
Pre-Tax Income 2018
Pre-Tax Income Change
A NEW TIMES SURVEY ON COMPANY RESULTS IN THE PERIOD 2009 - 2018 Turnover 2009
2020
THE “DIAMONDS” OF THE CRISIS
216 HELLENIC TOURIST & HOTEL ENTERP. OF KRITI SA '' APOLLONIA ''
HOTELS
9,078,957
15,452,401
70%
-2,211,786
4,530,251
0%
217 GRECIAN MAGNESITE SA
MINES
29,504,121
43,430,669
47%
2,678,691
4,526,092
69%
218 PET CITY SA
MISCELLANEOUS PRODUCTS
17,160,679
35,385,332
106%
702,087
4,523,935
544%
219 PALIRROIA SOULIOTIS S.A.
FOOD PRODUCTS
21,458,775
43,009,324
100%
1,978,274
4,478,780
126%
220 ARITI SA
SCIENTIFIC & MEDICAL DEVICES
25,150,506
27,246,639
8%
1,931,852
4,465,083
131%
221 SWISSPORT AVIAREPS HELLAS SA
TRANSPORT COMPANIES
14,850,649
30,335,952
104%
4,066,759
4,456,310
10%
222 XRYSH EYKAIRIA EKDOSEIS S.A.
NEWSPAPERS - MAGAZINES
24,610,000
5,870,468
-76%
539,000
4,432,071
722%
223 COSMOTE Ε-VALUE S.A
MISCELLANEOUS SERVICES
13,951,000
94,451,000
577%
-82,000
4,427,000
0%
224 COLGATE PALMOLIVE HELLAS S.A.
PHARMACEUTICALS DETERGENTS
23,345,319
20,449,836
-12%
26,201,706
4,397,236
-83%
225 DIMITROKALIS K. S.A.
HOTELS
4,233,661
10,326,933
144%
1,724,096
4,374,677
154%
216 - 258
Company Name
Sector
226 GEKE S.A.
HOTELS
12,486,769
11,069,684
-11%
6,849,770
4,326,903
-37%
227 MULTY FOAM S.A.
PLASTICS - RUBBER
26,402,228
27,840,307
5%
5,113,421
4,295,425
-16%
228 BETA CAE SYSTEMS S.A.
MISCELLANEOUS SERVICES
16,234,077
27,935,512
72%
6,582,842
4,282,098
-35%
229 ALFA AGRICULTURAL SUPPLIES S.A.
CHEMICALS - PAINTS
26,871,284
51,570,158
92%
556,538
4,280,863
669%
230 KALYPSO S.A.
PETROLEUM PRODUCTS
75,662,000
428,215,000
466%
1,981,000
4,275,000
116%
231 TEOREN MOTORS S.A.
TRANSPORTATION MEANS & SPARE PARTS
113,229,767
73,237,008
-35%
786,168
4,258,454
442%
232 ACHINOPODI SA
HOTELS
3,990,037
8,876,652
122%
53,455
4,256,383
7863%
233 YARA HELLAS S.A.
CHEMICALS - PAINTS
64,934,623
83,990,940
29%
1,937,339
4,240,844
119%
234 MONOTEZ S.A.
PLASTICS - RUBBER
46,486,294
78,438,675
69%
134,361
4,210,236
3034%
235 ALBERTA S.A.
SPIRITS
13,143,301
3,693,601
-72%
-860,706
4,205,456
0%
236 FANIS A. MEGARA RESINS S.A.
CHEMICAL PRODUCTS
15,861,214
54,877,469
246%
1,977,494
4,202,304
113%
237 LOUX MARLAFEKAS S.A.
SPIRITS
19,401,953
34,490,787
78%
3,489,592
4,188,998
20%
238 VITOYANNIS BROS ASTIR S.A.
METAL PRODUCTS
14,619,599
20,406,362
40%
1,214,132
4,180,305
244%
239 PERSEUS SPECIAL NUTRITION PRODUCTS S.A.
FOOD PRODUCTS
58,033,881
45,750,848
-21%
1,809,337
4,170,753
131%
240 AS COMPANY S.A.
MISCELLANEOUS PRODUCTS
25,063,716
25,609,118
2%
3,472,659
4,161,945
20%
241 KONSTANTINIDIS BROS S.A.
METAL PRODUCTS
9,407,436
42,946,150
357%
742,203
4,141,508
458%
242 THRACE NONWOVENS & GEOSYNTHETICS S.A.
TEXTILE INDUSTRY
17,432,278
102,383,000
487%
475,515
4,137,000
770%
243 THE MARGI S.A.
HOTELS
4,506,093
10,045,058
123%
232,800
4,136,917
1677%
244 KARALIS S.A.
FOOD PRODUCTS
17,338,892
31,618,809
82%
187,778
4,028,122
2045%
245 XEROX HELLAS S.A.
OFFICE DEVICES
41,186,534
29,987,547
-27%
3,848,779
4,025,928
5%
246 VEAL S.A.
ENERGY
11,130,429
16,116,724
45%
4,679,021
3,983,165
-15%
247 DIAKOFTIS SA
HOTELS
5,342,745
8,325,645
56%
115,372
3,958,094
3331%
34,888,662
-4%
4,610,794
3,955,830
-14%
2,186,486,766 233%
4,910,000
3,935,344
-20%
248 ENORASIS SA
SCIENTIFIC & MEDICAL DEVICES
36,286,636
249 ELINOIL S.A.
PETROLEUM PRODUCTS
656,396,000
250 GEROLYMATOS INTERNATIONAL S.A. 251 ABBOTT LABORATORIES HELLAS SA 252 SARANTIS G. SA 253 DANAIS SA
PHARMACEUTICALS DETERGENTS PHARMACEUTICALS COSMETICS PHARMACEUTICALS DETERGENTS
6,886,000
32,283,368
369%
-7,489,000
3,933,504
0%
191,349,982
41,040,072
-79%
13,861,798
3,919,851
-72%
101,703,624
135,575,845
33%
1,885,293
3,889,767
106%
FOOD PRODUCTS
15,986,838
27,854,137
74%
1,231,071
3,884,579
216%
254 SOYA MILLS SA
FOOD PRODUCTS
201,346,681
206,308,299
2%
2,986,210
3,875,832
30%
255 IOAKEIMIDIS G. S.A.
CLOTHING - FOOTWEAR
5,411,425
20,559,924
280%
902,384
3,860,590
328%
256 HOTOS S.A.
FOOD PRODUCTS
12,982,705
23,767,306
83%
1,157,692
3,856,324
233%
257 ENOSI SOULTANOPARAGOGON CRETE S.A.
REAL ESTATE
499,579
1,955,629
291%
-129,648
3,850,414
0%
258 SPOT THOMPSON S.A.
ADVERTISING COMPANIES
49,656,461
47,502,767
-4%
2,070,247
3,840,123
85%
I 100 I
DIAMONDS OF THE GREEK ECONOMY
97,476,969
72,360,638
-26%
260 EDIL HELLAS S.A.
-
13,067,684
33,386,389
155%
261 PETROPOULOS P. S.A.
MACHINERY
83,132,000
93,897,000
13%
262 SEVEN STARS S.A.
HOTELS
11,785,923
20,409,173
73%
263 DAIDALOS S.A.
HOTELS
8,621,915
16,495,517
264 ATLANTIDA SA
HOTELS
4,803,364
265 ZEUS SA
HOTELS
266 GORGOLIS S.A.
259 - 301
267 AHI CARRIER SOUTH EAST EUROPE S.A.
TRANSPORTATION MEANS & SPARE PARTS SANITATION - AIR CONDITIONING
Pre-Tax Income Change
TRAVEL AGENTS
Sector
Pre-Tax Income 2018
Turnover Change
259 TUI HELLAS S.A.
Company Name
Pre-Tax Income 2008
Turnover 2018
A NEW TIMES SURVEY ON COMPANY RESULTS IN THE PERIOD 2009 - 2018 Turnover 2009
2020
THE “DIAMONDS” OF THE CRISIS
1,832,030
3,838,432
110%
440,866
3,824,961
768%
2,543,000
3,814,000
50%
-2,027,187
3,801,144
0%
91%
-382,412
3,741,675
0%
15,061,923
214%
16,103
3,704,184
22903%
2,905,880
9,506,428
227%
7,339
3,699,854
50314%
20,259,054
25,986,090
28%
3,301,853
3,688,899
12%
46,463,043
57,863,000
25%
82,607
3,686,000
4362%
268 SIEMENS HEALTHCARE SA
SCIENTIFIC & MEDICAL DEVICES
21,064,339
52,740,021
150%
-754,431
3,682,673
0%
269 UNI-PHARMA KLEON TSETIS SA
PHARMACEUTICALS DETERGENTS
28,388,604
60,857,794
114%
3,019,998
3,677,388
22%
270 MARKS AND SPENCER-MARINOPOULOS S.A.
CLOTHING - FOOTWEAR
104,464,386
55,750,554
-47%
-787,809
3,667,204
0%
271 OLYMPIA ELECTRONICS SA
ELECTRICAL APPLIANCES
11,667,627
18,889,943
62%
902,272
3,666,877
306%
272 GALAXIDI MARINE FARM S.A.
FOOD PRODUCTS
22,250,718
47,624,819
114%
517,340
3,664,624
608%
273 RAVAGO HELLAS BUILDING SOLUTIONS S.A.
CONSTRUCTION MATERIALS
32,722,164
26,332,273
-20%
2,059,938
3,656,592
78%
274 TRACHE PLASTICS PACK S.A.
PLASTICS - RUBBER
32,755,332
50,607,405
55%
1,491,887
3,651,905
145%
275 TETRA PAK HELLAS SA
MACHINERY
46,232,434
50,122,000
8%
1,740,757
3,646,000
109%
276 FOKAS G. BROS SA
CLOTHING - FOOTWEAR
1,209,328
1,573,972
30%
438,964
3,640,400
729%
277 INTERBANKING SYSTEMS "DIAS" S.A.
FINANCIAL SERVICES
9,783,384
11,880,234
21%
4,269,327
3,631,753
-15%
278 ADIDAS HELLAS S.A.
CLOTHING - FOOTWEAR
86,684,026
115,835,101
34%
-6,970,215
3,629,519
0%
279 HOSPITAL LINE S.A.
SCIENTIFIC & MEDICAL DEVICES
31,939,450
15,609,141
-51%
7,218,706
3,616,774
-50%
280 EUROPEAN DYNAMICS S.A.
INFORMATION TECHNOLOGY
34,197,239
19,742,005
-42%
3,220,044
3,611,659
12%
281 ALPHA ASSET MANAGEMENT SA
MISCELLANEOUS SERVICES
27,640,577
19,048,467
-31%
5,585,523
3,579,258
-36%
282 GATENIO D. S. & SON SA
FOOD TRADE
15,455,417
33,067,928
114%
3,697,284
3,561,248
-4%
283 ESSITY HELLAS S.A.
PHARMACEUTICALS COSMETICS
55,201,580
33,686,715
-39%
2,120,512
3,554,534
68%
284 PRINTEC SA
OFFICE DEVICES
13,537,666
35,772,672
164%
230,301
3,551,277
1442%
285 LOULIS MILLS S.A.
FOOD PRODUCTS
88,050,923
91,885,260
4%
6,163,412
3,550,628
-42%
286 GERMANOS S.A.
MOBILE TELEPHONY
677,598,000
297,761,000
-56%
5,404,000
3,549,000
-34%
11,853,648
12,205,752
3%
5,471,020
3,545,904
-35%
_
4,288,000
_
6,325,000
3,534,000
-44%
287 ALPHA ASTIKA AKINITA S.A.
REAL ESTATE
288 FOURLIS HOLDINGS SA
HOLDING COMPANIES
289 VENETIS S.A.
FOOD PRODUCTS
15,029,042
40,668,041
171%
647,073
3,524,054
445%
290 HONDOS ATHNH S.A.
PHARMACEUTICALS COSMETICS
83,420,303
53,354,771
-36%
4,833,002
3,521,335
-27%
291 ALOUMINION THASSALINOS S.A.
MISCELLANEOUS PRODUCTS
14,766,845
24,033,949
63%
1,114,503
3,518,694
216%
292 DIAKOMICHALIS S.A.
HOTELS
3,498,865
9,663,874
176%
-437,508
3,511,238
0%
293 R.E.X.E.KA. S.A.
HOTELS
7,169,031
11,277,982
57%
-1,434,984
3,493,721
0%
294 VRIKO S.A.
METALS
22,132,351
50,035,288
126%
1,202,307
3,493,234
191%
295 OFC S.A.
MISCELLANEOUS SERVICES
9,792,172
9,987,949
2%
2,375,231
3,492,229
47%
296 TRASTOR SA
REAL ESTATE
6,117,102
5,577,628
-9%
4,486,440
3,490,039
-22%
297 MYRTEA SA
PETROLEUM PRODUCTS
184,691,390
308,232,000
67%
2,965,191
3,487,000
18%
298 ASTERAS SA
HOTELS
3,521,880
6,796,250
93%
218,344
3,486,651
1497%
299 IRIDA S.A.
FOOD PRODUCTS
38,095,905
68,472,164
80%
2,353,843
3,473,847
48%
300 PRICEWATERHOUSE COOPERS SA
MISCELLANEOUS SERVICES
30,422,565
35,640,185
17%
4,181,892
3,471,668
-17%
301 BMW HELLAS SA
TRANSPORTATION MEANS & SPARE PARTS
238,308,908
139,564,939
-41%
2,908,399
3,459,552
19%
I 102 I
I 103 I
Pre-Tax Income 2008
Pre-Tax Income 2018
302 LUNCHEON MEAT OF EVROS S.A.
FOOD PRODUCTS
31,680,373
49,016,172
55%
3,493,773
3,455,263
-1%
303 HATZILAZAROU J. & E. S.A.
HOTELS
6,388,581
14,386,824
125%
225,178
3,449,835
1432%
304 BAZAAR SA
SUPERMARKET
98,815,704
168,955,011
71%
252,752
3,421,410
1254%
305 TUPPERWARE HELLAS SA
PLASTICS - RUBBER
42,228,071
38,302,154
-9%
6,138,236
3,403,254
-45%
306 MEDICON HELLAS S.A.
SCIENTIFIC & MEDICAL DEVICES
15,140,642
12,249,859
-19%
2,420,877
3,377,026
39%
302 - 344
Company Name
Sector
Pre-Tax Income Change
Turnover Change
A NEW TIMES SURVEY ON COMPANY RESULTS IN THE PERIOD 2009 - 2018 Turnover 2018
2020
THE “DIAMONDS” OF THE CRISIS
Turnover 2009
DIAMONDS OF THE GREEK ECONOMY
307 KAMARIDIS S.A.
METAL PRODUCTS
34,783,832
52,847,253
52%
1,262,949
3,370,304
167%
308 STRADIVARIOUS HELLAS S.A.
CLOTHING - FOOTWEAR
25,480,171
48,990,450
92%
-348,560
3,354,079
0%
309 ATHENS AIRPORT HOTEL COMPANY S.A.
HOTELS
15,703,451
20,350,642
30%
1,056,479
3,338,138
216%
310 EURIMAC S.A.
FOOD PRODUCTS
20,700,707
31,365,349
52%
3,574,157
3,306,864
-7%
311 IONIAN HOLDINGS SA
HOLDING COMPANIES
5,110,254
2,455,684
-52%
5,009,112
3,270,071
-35%
312 INTRACOM DEFENSE ELECTRONICS SA
HOTELS
43,236,819
59,770,105
38%
624,228
3,258,480
422%
313 MICROSOFT HELLAS SA
INFORMATION TECHNOLOGY
33,631,485
37,929,624
13%
7,221,383
3,253,918
-55%
314 MITERA MATERNITY CLINIC & SURGICAL CENTER SA
MEDICAL SERVICES
94,609,141
67,239,269
-29%
17,024,021
3,246,331
-81%
315 HOTELS ILEKTRA S.A.
HOTELS
5,629,511
7,646,095
36%
597,706
3,236,702
442%
316 MAVROGENIS ANASTASIOS S.A.
SCIENTIFIC & MEDICAL DEVICES
86,409,431
90,373,459
5%
16,168,252
3,231,535
-80%
317 KNAUF AQUAPANEL S.A.
NON-METALLIC MINERALS
12,317,592
17,000,427
38%
713,135
3,200,902
349%
318 GEORGAKOPOULOS G.B. S.A.
TRANSPORTATION MEANS & SPARE PARTS
22,433,177
20,721,229
-8%
1,370,381
3,192,557
133%
319 VICKO S.A.
FURNITURE - RUGS - LIGHTING
13,494,186
26,273,132
95%
685,152
3,154,118
360%
320 HENKEL HELLAS S.A.
PHARMACEUTICALS DETERGENTS
63,172,590
91,842,710
45%
3,037,320
3,151,220
4%
321 AIOLIKI PANACHAIKOU S.A.
ENERGY
6,891,687
10,217,474
48%
957,000
3,149,985
229%
322 KAOUSSIS A. S.A.
TRANSPORTATION MEANS
36,826,272
29,460,581
-20%
5,515,893
3,117,714
-43%
323 ELECTRA S.A.
HOTELS
10,273,632
11,866,054
16%
864,323
3,102,823
259%
324 ASTRON CHEMICALS S.A.
CHEMICALS - PAINTS
23,032,730
41,821,573
82%
258,769
3,098,107
1097%
325 DICHEM CHIMIKA S.A.
CHEMICALS - PAINTS
9,594,573
18,262,039
90%
552,398
3,097,974
461%
326 CEPHALONIAN FISHERIES S.A.
FOOD PRODUCTS
20,071,937
32,000,711
59%
631,503
3,090,391
389%
METAL PRODUCTS
7,789,526
11,008,489
41%
316,413
3,081,231
874%
228,275,456
95,833,396
-58%
12,078,496
3,075,708
-75%
376,865,080
241,550,382
-36%
63,661,044
3,072,265
-95%
327 ETIL S.A. 328 OPEL HELLAS S.A. 329 VIANEX SA
TRANSPORTATION MEANS & SPARE PARTS PHARMACEUTICALS DETERGENTS
330 BREWERY MAKEDONIAS - THRAKIS S.A.
SPIRITS
10,246,472
23,963,370
134%
32,473
3,071,247
9358%
331 OKAA SA
MISCELLANEOUS SERVICES
7,859,119
15,543,470
98%
713,400
3,071,115
330%
332 ANEDIK KRITIKOS S.A.
SUPERMARKET
55,962,132
256,416,295
358%
623,144
3,066,209
392%
333 INTERSPORT ATHLETICS S.A.
CLOTHING - FOOTWEAR
68,035,466
111,036,000
63%
7,696,278
3,051,000
-60%
334 HELLINIKI LEGRAND S.A.
ELECTRICAL SUPPLIES
35,347,707
24,467,190
-31%
4,267,912
3,048,507
-29%
335 METAXAS S. & E. & A. S.A.
SPIRITS
30,367,403
23,268,859
-23%
8,041,564
3,046,999
-62%
336 MAKIOS S.A.
TRANSPORT COMPANIES
22,343,047
35,407,373
58%
-770,488
3,044,581
0%
337 GLAXOSMITHKLINE SA
PHARMACEUTICALS COSMETICS
298,408,085
132,069,800
-56%
19,532,418
3,040,255
-84%
338 AEGEON S.A.
HOTELS
6,033,386
9,847,027
63%
797,560
3,037,484
281%
339 KANAKIS STELIOS S.A.
FOOD TRADE
18,588,411
20,182,368
9%
2,589,495
3,000,021
16%
340 MENARINI HELLAS SA
PHARMACEUTICALS COSMETICS
46,380,909
55,097,988
19%
8,067,544
2,992,121
-63%
341 GLEOUDIS N. '' KAVEX '' S.A.
TOBACCO PROCESSING
26,875,967
32,555,941
21%
2,253,470
2,988,018
33%
342 NEOKEM SA
CHEMICAL PRODUCTS
14,595,622
20,800,218
43%
245,579
2,972,803
1111%
343 HEWLETT PACKARD HELLAS Ltd.
OFFICE DEVICES
70,377,231
44,123,301
-37%
6,483,966
2,971,816
-54%
344 TEAB S.A.
HOTELS
11,869,470
23,304,612
96%
388,535
2,956,551
661%
I 104 I
DIAMONDS OF THE GREEK ECONOMY
Turnover 2018
Turnover Change
Pre-Tax Income 2008
Pre-Tax Income 2018
Pre-Tax Income Change
A NEW TIMES SURVEY ON COMPANY RESULTS IN THE PERIOD 2009 - 2018 Turnover 2009
2020
THE “DIAMONDS” OF THE CRISIS
345 MASSIMO DUTTI HELLAS S.A.
CLOTHING - FOOTWEAR
24,181,711
35,300,151
46%
-11,998
2,952,859
0%
346 TSAKIRIS - MALLAS S.A.
CLOTHING - FOOTWEAR
25,133,785
24,624,462
-2%
3,048,503
2,951,913
-3%
347 AMOIRIDIS - SAVVIDIS S.A.
SANITATION - AIR CONDITIONING
37,708,311
30,903,028
-18%
1,298,401
2,951,567
127%
348 MAGEIRAS Β. SA
SCIENTIFIC & MEDICAL DEVICES
18,394,583
11,795,544
-36%
3,828,859
2,941,143
-23%
349 TSAKTSARLIS B. E. GEROVASILEIOU SA
SPIRITS
5,928,236
8,731,681
47%
1,448,523
2,937,095
103%
350 E. DONTA S.A.
HOTELS
941,290
5,338,275
467%
-424,879
2,919,605
0%
351 KOUKOUTARIS A. '' ALFA '' S.A.
FOOD PRODUCTS
19,123,077
31,727,833
66%
1,741,906
2,911,973
67%
20,226,662
32,604,777
61%
139,020
2,910,479
1994%
35,072,252
81,267,114
132%
799,638
2,879,584
260%
Company Name
352 G.A.P. SA
345 - 386
353 RAFARM SA
Sector
PHARMACEUTICALS DETERGENTS PHARMACEUTICALS DETERGENTS
354 NENDOS ST. "SELECT BAKERY" SA
FOOD PRODUCTS
18,406,094
20,676,393
12%
4,549,790
2,869,683
-37%
355 PERSEFS SA
MEDICAL SERVICES
89,612,504
89,076,413
-1%
3,943,106
2,848,623
-28%
356 DODONI S.A.
FOOD PRODUCTS
102,434,000
105,776,375
3%
1,997,000
2,832,690
42%
357 EXTRACO S.A.
CHEMICALS - PAINTS
14,418,745
16,061,907
11%
1,983,346
2,812,034
42%
358 MEGAS GYROS A.E.
FOOD PRODUCTS
10,402,471
30,050,585
189%
1,023,412
2,808,529
174%
359 GOLDAIR GOLEMIS SA
TOURISM ENTERPRISES
6,930,008
2,736,298
-61%
323,445
2,789,981
763%
360 VIACAR S.A.
TRANSPORTATION MEANS & SPARE PARTS
13,514,186
33,022,735
144%
485,323
2,787,848
474%
361 TEKA SYSTEMS S.A.
INFORMATION TECHNOLOGY
14,720,192
21,755,596
48%
2,139,795
2,780,626
30%
362 BOLTON HELLAS SA
PHARMACEUTICALS DETERGENTS
79,861,715
28,209,407
-65%
9,442,664
2,778,861
-71%
363 TORRE Ε. GLATZOUNIS S.A.
FOOD TRADE
17,853,999
23,532,729
32%
1,793,853
2,770,736
54%
364 FORD MOTOR HELLAS S.A.
TRANSPORTATION MEANS & SPARE PARTS
265,908,685
91,777,920
-65%
17,542,962
2,765,926
-84%
365 MEVGAL S.A.
FOOD PRODUCTS
183,987,362
111,794,000
-39%
1,576,979
2,751,000
74%
366 MARMOR SG "STONE GROUP INTERNATIONAL" S.A.
NON-METALLIC MINERALS
16,130,567
28,479,643
77%
1,941,678
2,749,914
42%
367 POWER HEALTH HELLAS S.A.
FOOD TRADE
18,325,247
12,229,668
-33%
6,435,635
2,740,283
-57%
368 AEGEAN COASTS S.A.
HOTELS
5,033,292
13,248,727
163%
157,814
2,730,575
1630%
369 DIL FASHION GROUP S.A.
CLOTHING - FOOTWEAR
2,626,015
13,389,653
410%
276,356
2,720,297
884%
370 KANAVA SA
HOTELS
4,839,821
11,514,383
138%
275,786
2,718,843
886%
371 INTERAMERIKAN ELLINIKI ASFALISTIKI ETAIREIA ZOIS SA
INSURANCE
223,247,210
159,260,545
-29%
11,788,247
2,713,009
-77%
372 CRETAN HOLIDAYS BADOUVAS Κ. S.A.
TRAVEL AGENTS
21,134,237
109,616,421
419%
-807,775
2,705,056
0%
373 MOUSSAMAS BROS S.A. (ATHENS HOLIDAY INN)
HOTELS
13,851,897
14,487,935
5%
-478,225
2,672,320
0%
374 N. SAKELLARIS S.A.
CLOTHING - FOOTWEAR
3,245,844
9,646,678
197%
313,864
2,668,388
750%
375 WOOD WELL ZYMARIDIS M. S.A.
FURNITURE - RUGS - LIGHTING
15,899,703
22,676,290
43%
1,473,879
2,654,821
80%
376 GIANNIS S.A.
FOOD PRODUCTS
14,518,391
13,157,638
-9%
1,166,110
2,649,662
127%
377 KRESTAINITIS E. S.A.
HOTELS
3,696,543
11,078,393
200%
-623,731
2,630,226
0%
378 SEFKO ZEELANDIA S.A
FOOD PRODUCTS
12,308,759
19,332,555
57%
1,213,812
2,626,417
116%
379 MARE SA
HOTELS
2,379,759
6,791,553
185%
264,040
2,624,799
894%
380 KONTARATOU J. & F. S.A.
SUPERMARKET
13,790,361
30,401,947
120%
307,547
2,624,090
753%
381 VF HELLAS L.T.D.
CLOTHING - FOOTWEAR
16,422,044
7,329,474
-55%
1,244,206
2,611,860
110%
382 JANSSEN - CILAG PHARMACEUTICAL SAIC
PHARMACEUTICALS COSMETICS
151,344,828
109,703,886
-28%
4,905,135
2,597,927
-47%
383 TEXNIKI ENERGEIAKI SA
ENERGY
5,740,726
4,328,369
-25%
3,352,184
2,584,957
-23%
384 ENERGEIAKI SERBOUNIOU SA
ENERGY
5,428,000
4,972,000
-8%
2,282,000
2,578,000
13%
385 HERSONISSOS S.A.
HOTELS
7,862,932
12,700,709
62%
-154,742
2,575,443
0%
386 PIONEER HI-BRED HELLAS SA
MISCELLANEOUS PRODUCTS
22,859,972
31,278,304
37%
-600,041
2,571,865
0%
I 106 I
I 107 I
DIAMONDS OF THE GREEK ECONOMY
Turnover Change
Pre-Tax Income 2008
Pre-Tax Income 2018
387 XENOS CHR. S.A.
HOTELS
6,110,970
17,635,537
189%
18,468
2,565,469
388 ALPHA SUPPORTING SERVICES SA
MISCELLANEOUS SERVICES
20,000,000
11,601,154
-42%
14,403,109
2,548,758
-82%
389 GOLDAIR CARGO SA
TRANSPORT COMPANIES
35,029,617
48,397,091
38%
1,802,584
2,547,334
41%
Company Name
390 IOANNIDIS K. E. S.A.I.C.
FOOD PRODUCTS
14,922,039
20,099,747
35%
371,725
2,533,110
581%
391 KASTRAKI-FALIRAKI BEACH SA
HOTELS
2,492,150
7,461,566
199%
-255,370
2,532,654
0%
392 ATHENAEUM S.A.
HOTELS
25,174,973
28,161,212
12%
-3,796,077
2,523,993
0%
393 PALAPLAST S.A.
PLASTICS - RUBBER
23,282,481
27,848,495
20%
591,777
2,513,623
325%
394 DECON S.A.
TRANSPORTATION MEANS
17,381,087
12,392,994
-29%
-77,014
2,507,093
0%
395 ERNST & YOUNG HELLAS SA
FINANCIAL SERVICES
21,120,318
24,165,950
14%
-684,070
2,506,771
0%
396 ASTRAZENECA SA
PHARMACEUTICALS COSMETICS
257,201,080
93,094,297
-64%
10,720,559
2,502,543
-77%
397 KERAMOURGIA VOREIOU ELLADOS S.A.
NON-METALLIC MINERALS
13,217,029
28,192,663
113%
-2,374,241
2,495,025
0%
398 PROBANK LEASING S.A.
LEASING
8,387,973
2,697,000
-68%
1,073,928
2,483,000
131%
399 KAPACHEM S.A.
CHEMICAL PRODUCTS
13,127,979
35,050,971
167%
500,288
2,469,257
394%
128,423,571
67,347,685
-48%
23,590,300
2,468,516
-90%
105,993,409
52,974,884
-50%
3,744,582
2,443,702
-35%
400 COLGATE PALMOLIVE HELLAS LTD 401 FCA CAPITAL HELLAS S.A.
387 - 429
Sector
Pre-Tax Income Change
Turnover 2018
A NEW TIMES SURVEY ON COMPANY RESULTS IN THE PERIOD 2009 - 2018 Turnover 2009
2020
THE “DIAMONDS” OF THE CRISIS
PHARMACEUTICALS COSMETICS TRANSPORTATION MEANS & SPARE PARTS
402 BRITISH AMERICAN TOBACCO HELLAS SA
CIGARETTE TRADE
82,922,804
40,310,132
-51%
4,330,942
2,442,360
-44%
403 PORTES MELATHRON SA
HOTELS
2,275,398
13,878,252
510%
-146,069
2,441,367
0%
404 HELLENIC EXCHANGES S.A.
HOLDING COMPANIES
42,546,000
13,637,000
-68%
48,417,000
2,438,000
-95%
405 EXPRESS PUBLISHING S.A.
PUBLICATIONS - PRINTING
20,073,252
23,345,181
16%
2,011,737
2,432,389
21%
406 KONTOKALI BAY RESORT AND SPA SA
HOTELS
6,520,472
9,588,155
47%
-559,999
2,427,633
0%
407 YANNIDIS BROS S.A. (ERMIS - VITEX)
CHEMICAL PRODUCTS
46,660,137
37,630,669
-19%
1,978,479
2,424,693
23%
408 PRIVATSEA MARINE SERVICES S.A.
TRANSPORTATION MEANS
1,979,335
4,343,131
119%
4,586,007
2,424,332
-47%
409 SANOFI AVENTIS SA
PHARMACEUTICALS COSMETICS
402,957,006
148,817,377
-63%
63,874,528
2,396,137
-96%
410 TSABASSIS S.A.
FOOD PRODUCTS
9,386,550
12,152,835
29%
1,256,737
2,384,541
90%
411 AGROLINE S.A.
MACHINERY
35,145,332
120,629
2,204,573
2,362,484
7%
412 OYSO HELLAS S.A.
CLOTHING - FOOTWEAR
19,166,203
22,628,270
2,226,706
2,362,275
6%
18%
413 STANLEY SA
HOTELS
6,588,068
10,977,835
67%
342,237
2,354,258
588%
414 LINEA S.A.
CLOTHING - FOOTWEAR
5,541,304
10,373,046
87%
814,999
2,349,439
188%
415 LARIPAST S.A.
PLASTICS - RUBBER
11,254,184
20,909,234
86%
676,886
2,348,349
247%
416 YFANTIS S.A.
FOOD PRODUCTS
76,436,456
88,957,213
16%
6,515,022
2,348,130
-64%
417 UNILEVER KNORR S.A.
PHARMACEUTICALS DETERGENTS
19,685,026
48,372,872
146%
723,991
2,340,518
223%
418 LITTLE ACRE MILK FARM SA
FOOD PRODUCTS
26,284,081
47,526,996
81%
-1,475,636
2,338,845
0%
419 GREEK PAPER INDUSTRY OF CENTRAL MACEDONIA '' SONOCO '' SA
PAPER
19,621,286
18,169,112
-7%
-730,704
2,319,316
0%
420 KOTRONIS S.A.
PLASTICS - RUBBER
7,591,887
19,974,399
163%
846,354
2,315,563
174%
421 GIANNIKAKIS S. S.A.
HOTELS
4,655,968
11,841,522
154%
-1,740,919
2,305,885
0%
422 MEDTRONIC HELLAS SA
SCIENTIFIC & MEDICAL DEVICES
7,946,877
53,213,953
570%
234,014
2,299,586
883%
423 KRONOS SA
FOOD PRODUCTS
35,087,786
49,381,969
41%
525,217
2,298,938
338%
424 THANOPOULOS D. SA
SUPERMARKET
38,938,097
45,161,389
16%
948,276
2,265,124
139%
425 THEMELI SA
-
18,375,890
33,240,974
81%
481,388
2,257,914
369%
426 ATLANTA S.A.
FOOD TRADE
49,246,392
41,880,781
-15%
1,839,514
2,253,194
22%
427 REYKAP S.A.
HOTELS
34,048,196
78,950,290
132%
2,415,877
2,251,858
-7%
428 LINDE HELLAS LTD
CHEMICAL PRODUCTS
44,199,040
48,374,400
9%
804,089
2,249,045
180%
429 VIOLANTA S.A.
FOOD PRODUCTS
3,859,258
16,887,477
338%
348,627
2,245,313
544%
I 108 I
I 109 I
PAPER
9,387,766
34,971,918
273%
-380,177
2,243,650
0%
CHEMICAL PRODUCTS
8,142,797
15,305,808
88%
234,318
2,242,906
857%
432 BRUNI SANDRO DISTRIBUTION S.A.
CLOTHING - FOOTWEAR
28,283,776
12,297,063
-57%
3,939,411
2,240,595
-43%
433 THEOXENIA KIFISSIA ISAX S.A.
HOTELS
4,162,708
5,821,744
40%
593,557
2,239,337
277%
434 OASA S.A.
-
11,098,040
4,326,101
-61%
-523,796,182
2,236,384
0%
435 ENVIRONMENTAL PROTECTION ENGINEERING S.A.
-
18,581,053
28,068,040
51%
1,793,008
2,231,765
24%
430 - 468
Sector
Pre-Tax Income Change
Pre-Tax Income 2008
430 VIOKYT S.A. 431 ZIKO S.A.
Company Name
Pre-Tax Income 2018
Turnover Change
A NEW TIMES SURVEY ON COMPANY RESULTS IN THE PERIOD 2009 - 2018 Turnover 2018
2020
THE “DIAMONDS” OF THE CRISIS
Turnover 2009
DIAMONDS OF THE GREEK ECONOMY
436 SARKK S.A.
CLOTHING - FOOTWEAR
29,313,012
31,662,721
8%
2,606,804
2,229,211
-14%
437 SPEEDEX S.A.
TRANSPORT COMPANIES
33,164,916
37,910,356
14%
-412,077
2,217,444
0%
438 CRETA STAR S.A.
HOTELS
10,270,823
15,148,285
47%
-985,490
2,216,699
0%
439 ENVITEC SA
ENERGY
16,903,172
8,174,226
-52%
3,358,404
2,215,339
-34%
440 GROUP4 SECURICOR HELLAS SA
MISCELLANEOUS SERVICES
4,626,247
2,828,742
-39%
-217,010
2,200,911
0%
441 ALOUMAN S.A.
METAL PRODUCTS
41,444,774
75,217,118
81%
155,057
2,198,926
1318%
442 KALTEK MEDICAL SA
SCIENTIFIC & MEDICAL DEVICES
4,382,619
6,490,534
48%
810,429
2,196,269
171%
443 AMGEN HELLAS FARMAKEYTIKA LTD
PHARMACEUTICALS COSMETICS
15,606,635
59,119,690
279%
1,131,207
2,195,501
94%
444 MEL MACEDONIAN PAPER MILLS SA
PAPER
43,148,344
56,098,967
30%
-2,074,860
2,192,491
0%
445 HERMES - HARISSIADIS & SONS S.A
SHIPPING & INDUSTRY SUPPLIES
25,023,804
28,975,159
16%
434,578
2,192,351
404%
446 ΕΝΕΤ SOLUTIONS - LOGICOM S.A.
OFFICE DEVICES
117,156,245
126,554,757
8%
988,643
2,186,692
121%
447 MEDICAL TECHNIKI S.A.
SCIENTIFIC & MEDICAL DEVICES
42,434,842
14,152,874
-67%
4,924,309
2,165,419
-56%
448 MOUROUZIS S.A.
HOTELS
3,235,669
4,358,597
35%
472,308
2,161,544
358%
449 ZARA HOME HELLA S.A.
FURNITURE - RUGS - LIGHTING
13,702,187
18,484,931
35%
1,696,512
2,157,883
27%
450 HELLENICA SA
PHARMACEUTICALS DETERGENTS
30,875,951
31,719,046
3%
2,794,030
2,138,427
-23%
451 ZANCOU SHOES I. A. KOUROUNIOTIS S.A.
CLOTHING - FOOTWEAR
17,299,376
30,163,428
74%
1,439,344
2,129,438
48%
452 IOANNIDIS TH. S.A.
METALS
15,142,770
30,104,019
99%
1,278,732
2,125,646
66%
453 ETAIREIA AGOGOU KAYSIMOU AERODROMIOU ATHINON
TRANSPORT COMPANIES
3,912,222
4,409,446
13%
2,023,162
2,119,700
5%
454 KALIOUDAKIS D.- M. RODITIS S.A.
HOTELS
5,335,334
9,389,126
76%
-202,141
2,105,147
0%
455 ANAMET S.A.
METALS
61,156,283
89,504,746
46%
1,257,638
2,100,731
67%
456 PHTHIOTIS PAPERMILLS S.A.
PAPER
13,158,694
16,815,000
28%
446,949
2,096,000
369%
457 STROUMSAS I. FARMAKAPOTHIKI SA
PHARMACEUTICALS COSMETICS
234,060,144
9,659,963
-96%
1,015,729
2,086,428
105%
458 A. HATZOPOULOS S.A.
PUBLICATIONS - PRINTING
38,626,825
71,912,589
86%
1,196,811
2,062,667
72%
459 DIAGEO HELLAS S.A.
SPIRITS TRADE
230,431,848
79,526,107
-65%
14,645,826
2,060,251
-86%
460 MOBILE COMMUNICATIONS CENTRΕ S.A.
MOBILE TELEPHONY
303,918,487
300,029,841
-1%
989,988
2,059,480
108%
461 INVESTORS SA
HOTELS
5,764,016
10,245,233
78%
-1,586,775
2,052,338
0%
462 HATZIGIAKOUMIS K. S.A.
SUPERMARKET
5,399,019
22,312,090
313%
122,472
2,050,208
1574%
463 MELLON TECHNOLOGIES SA
OFFICE DEVICES
15,744,298
73,159,507
365%
491,540
2,039,559
315%
464 BSH S.A.
ELECTRICAL APPLIANCES
263,355,948
152,838,487
-42%
12,065,031
2,034,230
-83%
465 ATTIKA DIODIA SA
MISCELLANEOUS SERVICES
13,210,107
2,025,159
-85%
13,394,381
2,030,421
-85%
466 BALLIAN TEXNIKI SA
-
8,226,168
29,514,477
259%
1,406,882
2,019,012
44%
467 TEMAK S.A.
MACHINES - DEVICES
6,720,768
9,980,284
48%
133,336
2,012,709
1410%
468 FARMA KOUKAKI S.A.
FOOD PRODUCTS
13,194,866
29,037,101
120%
345,464
2,012,110
482%
I 110 I
I 111 I
››››››
DIAMONDS
OF THE GREEK ECONOMY 2020
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA)
››››››
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA)
DIAMONDS OF THE GREEK ECONOMY
Pre-Tax Income 2018
Turnover 2018
Profitability Increase 2017vs2018
Equity 2018
Total Liabilities 2018
Equity / Liabilities
Profit / Turnover
Profit / Equity
2020
1
DEPA INTERNATIONAL PROJECTS SINGLE MEMBER S.A.
ENERGY INFRASTRUCTURES
309,971,699
996,616,157
373%
912,975,285
753,353,765
1.2
31%
34%
2
ATHENS INTERNATIONAL AIRPORT S.A.
TRANSPORT COMPANIES
239,682,891
478,714,977
20%
759,163,627
600,335,592
1.3
50%
32%
3
ΚARELIA TOBACCO COMPANY INC.
TOBACCO PRODUCTS
98,990,000
694,754,000
44%
460,201,000
88,613,000
5.2
14%
22%
001 - 050
Company Name
Sector
4
ATHENS WATER SUPPLY AND SEWERAGE COMPANY (EYDAP) S.A.
PUBLIC ENTERPRISES & ORGANISATIONS
80,314,000
322,396,000
21%
949,431,000
584,390,000
1.6
25%
8%
5
F.H.L. KYRIAKIDIS GROUP
NON-METALLIC MINERALS
70,634,164
128,523,360
8%
114,931,165
89,429,345
1.3
55%
61%
6
TELEPERFORMANCE S.A. (DIAL-SERVICE 800)
SERVICES
46,793,113
224,090,291
47%
68,267,128
54,685,988
1.2
21%
69%
7
PIRAEUS PORT AUTHORITY S.A. (OLP)
SERVICES
42,332,514
132,931,041
100%
208,945,554
186,186,690
1.1
32%
20%
8
SKYSERV S.A.
AIRLINES
39,639,627
66,826,532
85%
70,644,376
5,451,448
13.0
59%
56%
9
IMERYS INDUSTRIAL MINERALS GREECE S.A.
NON-METALLIC MINERALS
35,707,000
114,162,000
12%
122,157,000
45,805,000
2.7
31%
29%
10
TITAN CEMENT COMPANY S.A.
NON-METALLIC MINERALS
35,061,000
229,038,000
195%
719,662,000
397,387,000
1.8
15%
5%
11
LAMDA DOMI S.A.
REAL ESTATE
32,838,450
21,610,307
135%
140,310,050
89,962,402
1.6
152%
23%
12
MERMEREN KOMBINAT AD PRILEP
NON MINERAL
25,045,216
39,940,803
111%
41,171,700
3,791,444
10.9
63%
61%
13
THESSALONIKI PORT AUTHORITY S.A.
SERVICES
24,729,266
58,534,688
98%
150,644,735
18,946,436
8.0
42%
16%
14
DOW HELLAS S.A.
CHEMICAL PRODUCTS
19,456,268
78,625,356
19%
27,525,612
9,253,490
3.0
25%
71%
15
PFIZER HELLAS S.A.
PHARMACEUTICALS - COSMETICS
18,480,795
226,980,853
37%
219,524,631
87,896,238
2.5
8%
8%
16
ATHENIAN BREWERY S.A.
17,613,007
324,700,329
26%
120,760,272
99,378,607
1.2
5%
15%
17
TOYOTA HELLAS S.A.
17,285,284
213,532,786
41%
49,605,978
41,439,433
1.2
8%
35%
18
ATTIKI NATURAL GAS DISTRIBUTION COMPANY S.A.
BEVERAGES - SPIRITS TRANSPORTATION MEANS & SPARE PARTS ENERGY
15,623,049
51,144,706
32%
265,713,054
38,450,032
6.9
31%
6%
19
INTERAMERICAN PROPERTY & CASUALTY INSURANCE CO. S.A.
INSURANCE
15,158,031
147,415,695
45%
103,681,815
55,311,302
1.9
10%
15%
20
KRI KRI MILK INDUSTRY S.A.
FOOD PRODUCTS
14,240,014
94,234,441
44%
55,831,036
34,182,441
1.6
15%
26%
21
FIBRAN D. ANASTASIADIS S.A.
PLASTICS - RUBBER
14,162,721
135,328,703
46%
95,506,643
19,334,542
4.9
10%
15%
22
SHELL & MOH AVIATION FUELS S.A.
PETROLEUM PRODUCTS
13,056,337
344,789,203
27%
15,503,980
14,923,418
1.0
4%
84%
23
SYMETAL ALUMINIUM FOIL INDUSTRY SINGLE MEMBER S.A.
-
12,595,519
243,365,980
145%
92,161,296
67,355,390
1.4
5%
14%
24
ATLANTICA HELLAS S.A.
HOTELS
12,556,181
37,225,090
270%
94,253,535
86,443,013
1.1
34%
13%
25
EPIROTIKI BOTTLING CO. (VIKOS) S.A.
BEVERAGES - SPIRITS
12,329,677
74,743,989
19%
86,713,326
33,411,203
2.6
16%
14%
26
ACS COURIER S.A.
COURIER SERVICES
12,323,770
102,590,744
10%
31,638,796
24,709,751
1.3
12%
39%
27
E. I. PAPADOPOULOS S.A.
FOOD PRODUCTS
12,126,069
157,608,652
14%
104,556,895
65,119,479
1.6
8%
12%
28
D. KORONAKIS S.A.
FOOD PRODUCTS
11,880,686
48,777,456
11%
82,762,925
3,949,741
21.0
24%
14%
29
AGROINVEST S.A.
FOOD PRODUCTS
11,840,271
109,240,342
20%
105,003,719
21,987,393
4.8
11%
11%
30
ROLEX HELLAS S.A.
WATCHES
11,492,743
56,403,897
30%
12,584,813
2,412,579
5.2
20%
91%
31
NOVARTIS HELLAS S.A.
PHARMACEUTICALS
10,959,666
310,566,097
23%
137,586,993
51,677,692
2.7
4%
8%
32
VIVECHROM DR. STEFANOS, D. PATERAS S.A.
CHEMICAL PRODUCTS
9,694,588
61,142,781
9%
19,353,203
15,358,993
1.3
16%
50%
33
CARAVEL HOTELS S.A.
HOTELS
9,599,157
38,773,268
64%
51,220,159
9,862,666
5.2
25%
19%
34
LANDIS + GYR S.A.
MISCELLANEOUS PRODUCTS
9,561,083
160,602,049
84%
33,979,865
32,534,360
1.0
6%
28%
35
PRICEWATERHOUSECOOPERS BUSINESS SOLUTIONS S.A.
FINANCIAL SERVICES
9,343,733
41,936,426
102%
16,721,228
13,125,191
1.3
22%
56%
36
OPTIMA S.A.
FOOD PRODUCTS
9,306,937
133,832,819
40%
48,184,366
30,214,311
1.6
7%
19%
37
LOUIS VUITTON HELLAS S.A.
CLOTHING
9,223,988
27,413,811
25%
6,933,430
4,103,695
1.7
34%
133%
38
“OLYMP” KONSTANTOPOULOS S.A.
FOOD PRODUCTS
8,956,588
49,085,098
63%
26,974,455
12,556,742
2.1
18%
33%
39
INTERCONTINENTAL INTERNATIONAL S.A.
MISCELLANEOUS SERVICES
8,858,870
7,407,296
206%
71,783,802
29,286,234
2.5
120%
12%
40
MEDIPRIME S.A.
MEDIPRIME S.A.
8,832,062
31,836,878
4%
33,411,492
18,792,134
1.8
28%
26%
41
SPECIFAR S.A.
PHARMACEUTICALS - DETERGENTS
8,784,859
46,239,452
531%
61,017,046
40,702,009
1.5
19%
14%
42
KALOGIANNIS KOUTSIKOS S.A.
SPIRITS
8,625,179
16,216,171
10%
22,456,926
3,544,512
6.3
53%
38%
43
AIOLIKI PASTRA ATTIKIS S.A.
ENERGY
8,384,000
11,319,000
21%
24,108,000
12,346,000
2.0
74%
35%
44
NOKIA SOLUTIONS & NETWORKS HELLAS S.A.
ELECTRICAL SUPPLIES
8,316,800
114,670,369
45%
52,547,046
41,627,349
1.3
7%
16%
45
H AND M HENNES AND MAURITZ S.A.
CLOTHING
8,287,922
154,508,597
40%
47,732,541
18,305,799
2.6
5%
17%
46
KAFEA TERRA FOOD & DRINKS S.A.
FOOD PRODUCTS
8,270,532
65,638,458
40%
38,295,650
23,509,851
1.6
13%
22%
47
SEKA BUNKERING STATIONS S.A.
PETROLEUM PRODUCTS
7,972,195
176,562,021
127%
32,689,236
6,672,728
4.9
5%
24%
48
SMIRDEX S.A.
NON MINERAL
7,772,674
19,785,014
8%
29,914,245
2,972,872
10.1
39%
26%
49
ACCENTURE S.A.
MISCELANEOUS SERVICES
7,631,397
59,178,076
23%
12,596,629
8,093,908
1.6
13%
61%
50
PROMETALBAKLI S.A.
METALLIC PRODUCTS
7,609,788
87,110,259
2%
74,671,082
8,856,374
8.4
9%
10%
I 114 I
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I 115 I
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA)
DIAMONDS OF THE GREEK ECONOMY
Pre-Tax Income 2018
Turnover 2018
Profitability Increase 2017vs2018
Equity 2018
Total Liabilities 2018
Equity / Liabilities
Profit / Turnover
Profit / Equity
2020
51
IATROPOLIS S.A.
MEDICAL SERVICES
7,478,814
13,638,698
35%
7,700,255
6,150,846
1.3
55%
97%
52
ATTICA TOLLS S.A.
MISCELLANEOUS SERVICES
7,223,058
57,803,448
35%
17,133,718
12,223,963
1.4
12%
42%
53
SOL S.A.
SERVICES
7,111,572
33,281,890
33%
12,410,433
10,264,134
1.2
21%
57%
54
TASTY FOODS S.A.
FOOD PRODUCTS
6,915,713
107,147,232
34%
33,947,271
25,582,809
1.3
6%
20%
55
JOHNSON & JOHNSON HELLAS S.A.
PHARMACEUTICALS - DETERGENTS
6,883,830
103,797,981
123%
170,515,864
17,238,230
9.9
7%
4%
051 - 099
Company Name
Sector
56
MEGAPLAST S.A.
PLASTICS - RUBBER
6,810,118
31,925,847
13%
31,008,514
10,988,381
2.8
21%
22%
57
MELISSA KIKIZAS FOOD PRODUCTS S.A.
FOOD PRODUCTS
6,048,666
63,278,207
2%
55,859,771
19,885,679
2.8
10%
11%
58
KNAUF AQUAPANEL S.A.
NON MINERAL
5,981,713
47,982,359
60%
28,784,831
9,718,695
3.0
12%
21%
59
AMVYX S.A.
BEVERAGES - SPIRITS
5,857,784
121,651,605
6%
42,774,545
22,523,015
1.9
5%
14%
60
AGRIFREDA S.A.
FOOD PRODUCTS
5,841,061
35,382,114
2%
25,883,948
4,225,335
6.1
17%
23%
61
JOTIS S.A.
FOOD PRODUCTS
5,675,316
76,455,421
27%
39,021,378
38,475,761
1.0
7%
15%
62
POLYEKO S.A.
MISCELANNEOUS PRODUCTS
5,660,888
21,170,907
14%
27,391,374
9,025,086
3.0
27%
21%
63
SCHUR FLEXIBLES ABR S.A.
PLASTICS - RUBBER
5,613,656
57,643,029
13%
35,345,867
19,161,311
1.8
10%
16%
64
S. KARYDAKIS S.A.
PRINTING
5,554,770
23,487,390
35%
24,186,159
7,135,670
3.4
24%
23%
65
TERNA ENERGEIAKI EVROU S.A.
ENERGY
5,500,000
7,781,000
156%
31,343,000
26,742,000
1.2
71%
18%
66
ELECTRA HOTELS S.A.
HOTELS
5,481,910
10,622,772
28%
11,739,335
1,523,762
7.7
52%
47%
67
BRETAS S.A.
FOOD PRODUCTS
5,392,493
28,963,437
55%
19,032,001
4,086,930
4.7
19%
28%
68
MICREL MEDICAL DEVICES S.A.
MISCELLANEOUS PRODUCTS
5,303,973
18,270,452
9%
16,591,623
4,986,755
3.3
29%
32%
69
HELLENIC JUICES S.A.
BEVERAGES - SPIRITS
5,214,990
26,291,181
30%
14,616,570
10,656,793
1.4
20%
36%
70
MARIS POLYMERS S.A.
CHEMICAL PRODUCTS
5,163,307
21,480,748
78%
11,331,571
2,776,544
4.1
24%
46%
71
LAVA MINING & QUARRYING CO. S.A.
MINES
5,100,000
12,489,000
11%
16,865,000
4,630,000
3.6
41%
30%
72
ISOMAT S.A.
CHEMICAL PRODUCTS
5,094,590
57,426,132
38%
38,912,948
19,294,888
2.0
9%
13%
73
STELLA BEACH S.A.
HOTELS
5,017,750
18,361,514
21%
23,339,471
23,320,430
1.0
27%
21%
74
SUNWING HOTELS HELLAS S.A.
HOTELS
4,973,864
16,049,089
17%
36,664,760
5,185,003
7.1
31%
14%
75
THEODOROU AUTOMATION S.A.
MACHINERY
4,959,765
19,268,522
44%
22,675,999
3,122,075
7.3
26%
22%
76
ALCHIMICA S.A.
CHEMICAL PRODUCTS
4,955,136
40,265,296
15%
15,633,356
12,974,407
1.2
12%
32%
77
ATRIUM PALACE S.A.
HOTELS
4,924,161
19,090,299
11%
37,344,228
6,672,465
5.6
26%
13%
78
PPC RENEWABLES S.A.
ENERGY
4,917,676
26,293,197
4%
233,403,192
33,381,778
7.0
19%
2%
79
PULL AND BEAR S.A.
CLOTHING - FOOTWEAR
4,904,771
53,708,448
122%
13,488,188
6,668,804
2.0
9%
36%
80
DIETHNIS ATHLITIKI LTD.
CLOTHING
4,779,996
50,887,451
15%
26,833,742
14,379,030
1.9
9%
18%
81
HEMPEL COATINGS (HELLAS) S.A.
CHEMICALS - PAINTS
4,767,321
31,467,085
78%
10,318,596
4,946,872
2.1
15%
46%
82
ANTIPOLLUTION S.A.
SERVICES
4,762,787
17,666,398
4%
20,636,302
3,250,733
6.3
27%
23%
83
ELTON INTERNATIONAL TRADING CO. S.A.
CHEMICALS - PAINTS
4,739,834
85,678,302
58%
46,854,651
28,342,777
1.7
6%
10%
84
GYALOU S.A.
REAL ESTATE
4,737,377
6,306,760
148%
43,944,929
23,794,321
1.8
75%
11%
85
PR. PAVLIDIS S.A.
FOOD PRODUCTS
4,609,543
60,263,133
40%
54,231,593
36,090,318
1.5
8%
8%
86
KTISTOR S.A.
-
4,604,332
21,135,521
17%
5,186,794
3,847,021
1.3
22%
89%
87
CHATZILAZAROU I. & SONS S.A.
HOTELS
4,597,282
16,344,356
8%
38,666,801
13,908,560
2.8
28%
12%
88
APOLLONIA - HELLENIC TOUR. & HOTEL ENTERPRISES OF CRETE S.A.
HOTELS
4,530,251
15,452,401
20%
19,019,047
8,701,070
2.2
29%
24%
89
SIDERIS G. GENERAL INSURANCE S.A.
INSURANCE
4,528,085
6,521,111
65%
13,868,831
8,314,525
1.7
69%
33%
90
PET CITY S.A.
MISCELLANEOUS PRODUCTS
4,523,935
35,385,332
8%
13,306,210
10,692,610
1.2
13%
34%
91
DIMITROKALIS K. S.A.
HOTELS
4,374,677
10,326,933
50%
20,533,859
12,366,298
1.7
42%
21%
92
GΕΚΕ SA - PRESIDENT HOTEL
HOTELS
4,326,903
11,069,684
21%
46,441,645
17,002,487
2.7
39%
9%
93
ALFA AGRICULTURAL SUPPLIES S.A.
CHEMICAL PRODUCTS
4,280,863
51,570,158
5%
18,424,484
15,734,936
1.2
8%
23%
94
ACHINOPODI S.A.
HOTELS
4,256,383
8,876,652
24%
11,379,502
3,026,172
3.8
48%
37%
95
YARA HELLAS S.A.
CHEMICAL PRODUCTS
4,240,844
83,990,940
11%
41,905,809
11,678,921
3.6
5%
10%
96
LOUX MARLAFEKAS S.A.
BEVERAGES - SPIRITS
4,188,998
34,490,787
43%
32,049,677
8,281,348
3.9
12%
13%
97
AS COMPANY S.A.
MISCELLANEOUS PRODUCTS
4,161,945
25,609,118
3%
27,834,165
6,405,810
4.3
16%
15%
98
AIOLIKI PANORAMATOS DERVENOCHORION S.A.
ENERGY
4,097,000
7,654,000
18%
21,017,000
17,103,000
1.2
54%
19%
99
XEROX HELLAS S.A.
OFFICE DEVICES
4,025,928
29,987,547
51%
14,064,509
4,757,429
3.0
13%
29%
I 116 I
Equity 2018
28,676,564
22%
14,113,052
101 PRICELINE BOOKING.COM HELLAS LTD
MISCELLANEOUS SERVICES
3,969,125
8,575,890
16%
2,809,228
102 DIAKOFTIS S.A.
HOTELS
3,958,094
8,325,645
305%
19,788,994
6,395,968
2.2
14%
28%
639,302
4.4
46%
141%
1,518,729
13.0
48%
20%
103 ABBOTT LABORATORIES HELLAS S.A.
PHARMACEUTICALS
3,919,851
41,040,072
220%
91,272,122
9,275,276
9.8
10%
4%
104 IOAKIMIDIS G. S.A.
CLOTHING - FOOTWEAR
3,860,590
20,559,924
13%
24,554,272
5,421,839
4.5
19%
16%
105 HOTOS S.A.
FOOD PRODUCTS
3,856,324
23,767,306
35%
20,221,247
2,969,942
6.8
16%
19%
106 NORDIA S.A.
NON-METALLIC MINERALS
3,854,757
21,241,228
143%
20,365,364
4,897,544
4.2
18%
19%
107 PETROPOULOS P. S.A.
MACHINERY
3,814,000
93,897,000
38%
31,470,000
30,482,000
1.0
4%
12%
108 META - MEDITERRANEAN TOURISM DEVELOPMENT CO. S.A.
TOURISM
3,801,144
20,409,173
17%
20,861,857
5,935,627
3.5
19%
18%
109 ATLANTIS S.A.
100 - 148
Profit / Equity
Profitability Increase 2017vs2018
4,001,686
100 STERGIOU FAMILY S.A.
Sector
Profit / Turnover
Turnover 2018
FOOD PRODUCTS
Company Name
Equity / Liabilities
Pre-Tax Income 2018
2020
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA) Total Liabilities 2018
DIAMONDS OF THE GREEK ECONOMY
3,704,184
15,061,923
193%
13,297,762
10,767,770
1.2
25%
28%
110 ZEUS S.A.
HOTELS
3,699,854
9,506,428
31%
11,302,384
1,837,648
6.2
39%
33%
111 GORGOLIS S.A.
TRANSPORTATION MEANS
3,688,899
25,986,090
79%
12,069,930
2,386,683
5.1
14%
31%
112 OLYMPIA ELECTRONICS S.A. - LAKASAS N.- ARVANITIDIS P.
ELECTRICAL APPLIANCES
3,666,877
18,889,943
19%
11,275,265
9,996,411
1.1
19%
33%
113 VOLCANO VIEW HOTEL S.A.
HOTELS
3,602,357
10,494,327
40%
13,426,809
4,480,519
3.0
34%
27%
114 VENETIS S.A.
FOOD PRODUCTS
3,524,054
40,668,041
21%
18,549,813
10,992,372
1.7
9%
19%
115 ALUMINIUM THALASSINOS S.A.
MISCELLANEOUS PRODUCTS
3,518,694
24,033,949
9%
14,598,872
4,110,950
3.6
15%
24%
116 DIAKOMICHALIS S.A.
HOTELS
3,511,238
9,663,874
36%
13,966,448
3,991,317
3.5
36%
25%
117 REXEKA S.A.
HOTELS
3,493,721
11,277,982
15%
15,990,695
10,995,867
1.5
31%
22%
118 OFC AVIATION FUEL SERVICES SA
SERVICES
3,492,229
9,987,949
84%
16,355,300
1,377,341
11.9
35%
21%
119 TRASTOR S.A.
REAL ESTATE
3,490,039
5,577,628
477%
82,645,232
34,825,997
2.4
63%
4%
120 ASTERAS S.A.
HOTELS
3,486,651
6,796,250
160%
25,016,101
1,153,767
21.7
51%
14%
121 VEPAL S.A.
METALLIC PRODUCTS
3,480,025
26,748,015
19%
19,586,174
6,333,676
3.1
13%
18%
122 LUNCHEON MEAT EVROS S.A.
FOOD PRODUCTS
3,455,263
49,016,172
322%
23,243,128
16,006,802
1.5
7%
15%
123 K. & G. MEDITERRANEAN MARINAS MANAGEMENT S.A.
TOURISM ENTERPRISES
3,450,410
837,943
234%
16,313,432
11,929,319
1.4
412%
21%
124 CHATZILAZAROU Ι. & E. S.A.
FINANCIAL SERVICES
3,449,835
14,386,824
3%
16,487,573
13,232,901
1.2
24%
21%
125 STRADIVARIOUS HELLAS SOLE SHAREHOLDER S.A.
CLOTHING
3,354,079
48,990,450
75%
13,176,481
5,879,950
2.2
7%
25%
126 SOFITEL ATHENS AIRPORT HOTEL S.A.
HOTELS
3,338,138
20,350,642
59%
18,484,458
5,417,969
3.4
16%
18%
127 INTRACOM DEFENSE ELECTRONICS S.A.
ELECTRICAL SUPPLIES
3,258,480
59,770,105
2%
66,734,421
13,982,546
4.8
5%
5%
128 ELECTRA HOTELS S.A.
HOTELS
3,236,702
7,646,095
40%
14,899,134
4,232,422
3.5
42%
22%
129 MAVROGENIS ANASTASIOS S.A.
3,231,535
90,373,459
1%
78,045,192
40,620,728
1.9
4%
4%
3,192,557
20,721,229
11%
16,133,349
2,881,857
5.6
15%
20%
131 VICKO ELIAS TRIANTAFYLLIDIS S.A.
MEDICAL DEVICES TRANSPORTATION MEANS & SPARE PARTS FURNITURE - RUGS - LIGHTING
3,154,118
26,273,132
30%
13,674,423
6,675,051
2.0
12%
23%
132 HENKEL HELLAS S.A.
PERSONAL & HOME CARE
3,151,220
91,842,710
93%
25,884,600
16,530,600
1.6
3%
12%
133 AIOLIKI PANACHAIKOU S.A.
ENERGY
3,149,985
10,217,474
5%
19,744,904
15,338,312
1.3
31%
16%
134 DICHEM CHEMICALS S.A.
CHEMICAL PRODUCTS
3,097,974
18,262,039
29%
8,005,381
7,842,696
1.0
17%
39%
135 KEFALONIA FISHERIES S.A.
AQUACULTURE
3,090,391
32,000,711
18%
19,313,533
15,905,504
1.2
10%
16%
136 OPEL HELLAS S.A.
TRANSPORTATION MEANS
3,075,708
95,833,396
513%
10,019,078
9,211,534
1.1
3%
31%
137 MACEDONIA-THRACE BREWERY S.A.
BEVERAGES - SPIRITS
3,071,247
23,963,370
59%
15,102,504
9,896,839
1.5
13%
20%
138 LEGRAND S.A.
ELECTRICAL SUPPLIES
3,048,507
24,467,190
23%
6,621,765
2,370,956
2.8
12%
46%
139 AIGAION S.A.
HOTELS
3,037,484
9,847,027
64%
17,391,219
4,624,339
3.8
31%
17%
140 NIKOS GLEOUDIS KAVEX S.A.
TOBACCO PRODUCTS
2,988,018
32,555,941
2%
31,520,845
12,013,691
2.6
9%
9%
141 NEOCHEM S.A.
CHEMICAL PRODUCTS
2,972,803
20,800,218
12%
12,542,737
6,740,057
1.9
14%
24%
130 G.B. GEORGAKOPOULOS S.A.
142 ΤΕΑΒ S.A. (MARIS HOTELS)
HOTELS
2,956,551
23,304,612
24%
77,367,440
69,554,807
1.1
13%
4%
143 MASSIMO DUTTI HELLAS S.A.
CLOTHING - FOOTWEAR
2,952,859
35,300,151
34%
10,339,185
5,158,427
2.0
8%
29%
144 TSAKIRIS - MALLAS S.A.
CHEMICAL PRODUCTS
2,951,913
24,624,462
47%
12,622,107
11,276,544
1.1
12%
23%
145 MAGEIRAS DIAGNOSTICS S.A.
MEDICAL DEVICES
2,941,143
11,795,544
15%
10,905,667
4,505,340
2.4
25%
27%
146 KTIMA GEROVASSILIOU S.A.
BEVERAGES
2,937,095
8,731,681
5%
14,657,127
4,260,173
3.4
34%
20%
147 Ε. DONTA S.A.
HOTELS
2,919,605
5,338,275
68%
4,898,130
3,842,874
1.3
55%
60%
148 KOUKOUTARIS A. “ALFA” S.A.
FOOD PRODUCTS
2,911,973
31,727,833
61%
35,363,482
16,548,955
2.1
9%
8%
I 118 I
Turnover 2018
Profitability Increase 2017vs2018
Equity 2018
Total Liabilities 2018
Equity / Liabilities
Profit / Turnover
Profit / Equity
2020
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA) Pre-Tax Income 2018
DIAMONDS OF THE GREEK ECONOMY
2,823,166
7,546,215
1%
4,504,606
388,774
11.6
37%
63%
2,789,981
2,736,298
35%
7,515,648
5,077,618
1.5
102%
37%
2,740,283
12,229,668
1%
4,361,018
2,518,809
1.7
22%
63%
HOTELS
2,672,320
14,487,935
79%
17,680,313
4,349,303
4.1
18%
15%
-
2,668,388
9,646,678
27%
9,251,279
887,963
10.4
28%
29%
Company Name 149 KTEO HELLAS S.A.
MISCELANEOUS SERVICES
150 GOLDAIR GOLEMIS S.A.
TOURISM ENTERPRISES
151 POWER HEALTH HELLAS S.A.
SUPPLEMENTS
152 MOUSSAMAS BROS S.A. (ATHENS HOLIDAY INN) 153 N. SAKELLARIS S.A. 154 WOOD WELL ZYMARIDIS S.A.
FURNITURE - RUGS - LIGHTING
2,654,821
22,676,290
48%
9,314,101
8,311,732
1.1
12%
29%
155 SEFCO SEELANDIA S.A.
FOOD PRODUCTS
2,626,417
19,332,555
30%
10,676,293
6,625,671
1.6
14%
25%
156 MARE S.A.
HOTELS
2,624,799
6,791,553
34%
19,221,804
2,768,256
6.9
39%
14%
157 I. & F. KONTARATOU S.A.
SUPERMARKET
2,624,090
30,401,947
18%
6,858,419
4,722,992
1.5
9%
38%
158 LUXURY GOODS GREECE S.A.
APPAREL
2,609,062
11,199,760
84%
3,385,429
2,212,548
1.5
23%
77%
159 TZOLIAS A. & SONS EDITIONS S.A.
PUBLICATIONS
2,593,309
6,065,290
29%
7,346,787
2,051,627
3.6
43%
35%
160 TECHNIKI ENERGEIAKI S.A.
ENERGY
2,584,957
4,328,369
352%
9,139,076
4,142,381
2.2
60%
28%
161 ATRI HELLAS S.A.
TOURISM ENTERPRISES
2,567,395
6,723,027
1%
10,531,827
7,582,486
1.4
38%
24%
162 KASTRAKI - FALIRAKI BEACH S.A.
HOTELS
2,532,654
7,461,566
37%
16,492,831
3,616,760
4.6
34%
15%
163 ROLOPACK S.A.
MISCELANEOUS SERVICES
2,525,601
9,479,310
44%
5,921,352
4,833,031
1.2
27%
43%
164 ATHINAION S.A.
HOTELS
2,523,993
28,161,212
81%
49,183,115
29,064,275
1.7
9%
5%
165 PROVIROM LTD
CHEMICAL PRODUCTS
2,521,532
13,172,963
7%
14,818,479
582,308
25.4
19%
17%
166 PALAPLAST S.A.
PLASTICS - RUBBER
2,513,623
27,848,495
12%
25,085,992
13,121,401
1.9
9%
10%
167 TRITON ASSET MANAGEMENT S.A.
2,484,644
5,098,348
114%
5,821,792
1,447,744
4.0
49%
43%
2,443,702
52,974,884
37%
54,247,846
10,541,225
5.1
5%
5%
169 HELLENIC EXCHANGES S.A.
FINANCIAL SERVICES TRANSPORTATION MEANS & SPARE PARTS FINANCIAL SERVICES
2,438,000
13,637,000
2%
94,774,000
7,054,000
13.4
18%
3%
170 VITEX – YANNIDIS BROS S.A.
CHEMICAL PRODUCTS
2,424,693
37,630,669
35%
41,383,555
23,474,059
1.8
6%
6%
168 FCA CAPITAL HELLAS S.A. (ex FIAT CREDIT HELLAS )
149 - 197
Sector
171 PRIVATSEA MARINE SERVICES S.A.
TRANSPORTATION MEANS
2,424,332
4,343,131
9%
21,648,131
7,160,551
3.0
56%
11%
172 TERRA CRETA S.A.
FOOD PRODUCTS
2,371,837
22,118,436
146%
5,975,422
4,549,746
1.3
11%
40%
173 ASIMAKIS S.A.
MACHINERY
2,364,715
6,843,794
141%
3,138,491
2,025,596
1.5
35%
75%
174 STANLEY S.A.
HOTELS
2,354,258
10,977,835
30%
7,431,586
2,193,402
3.4
21%
32%
175 LINEA S.A.
APPAREL
2,349,439
10,373,046
4%
8,034,984
2,759,373
2.9
23%
29%
176 CHEFARMA PHARMACEUTICALS LTD
CHEMICALS - PAINTS
2,341,833
4,435,628
45%
4,822,401
1,988,407
2.4
53%
49%
177 SONOCO PAPER MILL & IPD HELLAS S.A.
PAPER
2,319,316
18,169,112
348%
9,300,725
3,228,043
2.9
13%
25%
178 KOTRONIS PLASTICS S.A.
PLASTICS - RUBBER
2,315,563
19,974,399
3%
12,747,408
12,616,261
1.0
12%
18%
179 GIANNIKAKIS S. S.A.
HOTELS
2,305,885
11,841,522
10%
30,785,410
18,536,217
1.7
19%
7%
180 THANOPOULOS D. S.A.
SUPERMARKET
2,265,124
45,161,389
7%
12,513,535
7,180,586
1.7
5%
18%
181 THEMELI S.A.
TECHNICAL - CONSTRUCTIONS
2,257,914
33,240,974
80%
27,566,180
15,447,510
1.8
7%
8%
182 LINDE HELLAS LTD
CHEMICAL PRODUCTS
2,249,045
48,374,400
334%
35,979,143
21,726,753
1.7
5%
6%
183 VIOLANDA S.A.
FOOD PRODUCTS
2,245,313
16,887,477
16%
9,998,370
5,045,060
2.0
13%
22%
184 IGOUMENITSA PORT AUTHORITY S.A.
PORT
2,243,675
5,843,196
54%
17,513,885
1,160,237
15.1
38%
13%
185 ZIKO S.A.
CHEMICAL PRODUCTS
2,242,906
15,305,808
15%
14,336,174
4,759,833
3.0
15%
16%
186 THEOXENIA KIFISSIA ISAX S.A.
HOTELS
2,239,337
5,821,744
20%
14,705,718
1,292,388
11.4
38%
15%
187 CRETA STAR S.A.
HOTELS
2,216,699
15,148,285
45%
16,868,054
11,299,459
1.5
15%
13%
188 ENVITEC S.A.
ENERGY
2,215,339
8,174,226
73%
25,482,969
16,174,097
1.6
27%
9%
189 GROUP4 SECURICOR HELLAS S.A.
MISCELLANEOUS SERVICES
2,200,911
2,828,742
5%
15,339,103
933,104
16.4
78%
14%
190 AMGEN HELLAS LTD
PHARMACEUTICALS - COSMETICS
2,195,501
59,119,690
23%
33,033,291
28,898,700
1.1
4%
7%
191 SKOURAS SPORTS CAMP S.A.
CAMPS
2,186,682
3,868,624
56%
8,807,329
1,661,517
5.3
57%
25%
192 MOUROUZIS S.A.
HOTELS
2,161,544
4,358,597
94%
3,041,801
2,462,199
1.2
50%
71%
193 ASTRO S.A.
HOTELS
2,145,793
4,221,456
23%
7,915,557
1,167,452
6.8
51%
27%
194 ATHENS AIRPORT FUEL PIPELINE COMPANY S.A.
TRANSPORT
2,119,700
4,409,446
20%
10,249,284
3,039,285
3.4
48%
21%
195 GREEN IMPORT LTD
FOOD PRODUCTS
2,109,550
8,539,322
34%
6,301,860
1,116,290
5.6
25%
33%
196 FTHIOTIS PAPER MILL S.A.
PAPER
2,096,000
16,815,000
33%
16,601,000
8,288,000
2.0
12%
13%
197 SELCO CHEMICALS S.A.
CHEMICALS - PAINTS
2,088,290
10,991,613
32%
7,285,699
2,237,606
3.3
19%
29%
I 120 I
Since 1972
Development and Production of high quality coatings
Since 1986
Innovation, research and production in Powder Coatings for aluminum architectural systems, industrial and other uses
Since 2006
Specialization and production in Super Durable Powder Coatings with excellent resistance to difficult outdoor conditions
Today
During the last 20 years, we have established a dynamic international presence in more than 25 countries
Aesthetics built to last Costa Navarino, Color 518 Sahara Haven
For more info about our sales network you may visit our website
www.neokem.eu
DIAMONDS OF THE GREEK ECONOMY
Pre-Tax Income 2018
Turnover 2018
Profitability Increase 2017vs2018
Equity 2018
Total Liabilities 2018
Equity / Liabilities
Profit / Turnover
Profit / Equity
2020
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA)
198 STROUMSAS I. PHARMACEUTICALS S.A.
PHARMACEUTICALS
2,086,428
9,659,963
86%
12,817,368
1,953,444
6.6
22%
16%
199 HERMES GRECE S.A.
APPAREL
2,079,304
9,276,769
69%
3,798,568
2,133,787
1.8
22%
55%
198 - 247
Company Name
Sector
200 CHATZIGIAKOUMIS K. S.A.
SUPERMARKET
2,050,208
22,312,090
23%
17,079,110
1,829,422
9.3
9%
12%
201 BALLIAN TECHNIKI S.A.
-
2,019,012
29,514,477
5%
5,933,739
4,484,757
1.3
7%
34%
202 TEMAK S.A.
WATER TREATMENT
2,012,709
9,980,284
77%
5,281,882
4,401,964
1.2
20%
38%
203 ERETVO S.A.
-
1,999,265
9,518,753
146%
20,230,342
7,811,219
2.6
21%
10%
204 ECOENERGY S.A.
-
1,997,768
8,887,812
127%
9,542,115
1,203,984
7.9
22%
21%
205 EBC S.A.
HOLDING COMPANIES
1,991,451
2,034,068
24%
2,911,137
0
98%
68%
206 TECHNOCAN S.A.
METAL PRODUCTS
1,990,444
12,145,408
56%
15,345,320
3,474,396
4.4
16%
13%
207 AKROLITHOS S.A.
NON-METALLIC MINERALS
1,975,906
11,867,490
7%
10,110,081
1,076,461
9.4
17%
20%
208 DIANOMEFS LTD
FOOD PRODUCTS
1,973,446
27,282,686
37%
7,910,059
5,922,046
1.3
7%
25%
209 KIANI AKTI S.A.
HOTELS
1,973,052
8,063,252
14%
12,893,659
7,028,834
1.8
24%
15%
210 HUGO BOSS HELLAS LTD
APPAREL
1,967,751
18,031,610
7%
4,020,577
3,860,193
1.0
11%
49%
211 N&K GOLIOPOULOS S.A.
TECHNICAL - CONSTRUCTIONS
1,938,794
5,271,874
89%
5,498,000
2,359,827
2.3
37%
35%
212 ZISIMOPOULOU ST. S.A.
HOTELS
1,928,650
5,630,555
32%
11,341,565
1,085,548
10.4
34%
17%
213 ET.AN.AP. S.A.
SPIRITS
1,900,040
10,682,495
2%
16,827,811
3,134,754
5.4
18%
11%
214 KTIMA GEROVASSILIOU S.A.
BEVERAGES
1,888,701
6,905,068
26%
14,192,095
2,799,858
5.1
27%
13%
215 NEOGAL S.A.
FOOD PRODUCTS
1,884,428
17,080,674
33%
24,378,218
3,912,381
6.2
11%
8%
216 D. & I. DAMKALIDIS S.A.
ELECTRICAL SUPPLIES
1,873,075
21,398,601
1%
11,300,193
5,480,477
2.1
9%
17%
217 ENTERSOFT S.A.
IT SERVICES
1,868,578
11,339,100
64%
10,106,734
4,204,843
2.4
16%
18%
218 HELLENIC SOLAR S.A.
ENERGY
1,864,637
4,341,436
10%
11,190,620
9,869,085
1.1
43%
17%
219 CONDITO S.A.
FOOD PRODUCTS
1,852,260
12,357,528
30%
9,407,738
8,768,439
1.1
15%
20%
220 PERNOD RICARD HELLAS S.A.
SPIRITS
1,820,111
41,402,399
44%
19,435,895
18,143,960
1.1
4%
9%
221 LEONTZINI I. S.A.
CONSUMER PRODUCTS
1,820,075
12,523,741
48%
6,298,651
3,590,228
1.8
15%
29%
222 MEDBEST S.A.
FOOD PRODUCTS
1,815,973
38,774,197
15%
5,253,572
3,068,514
1.7
5%
35%
223 ELLINIKO S.A.
MISCELANEOUS SERVICES
1,814,759
6,123,536
71%
4,473,235
3,791,548
1.2
30%
41%
224 PRISMA S.A.
-
1,803,834
4,423,815
33%
7,138,494
773,764
9.2
41%
25%
225 KATRADIS MARINE ROPES S.A.
TEXTILES
1,758,001
15,088,064
6%
8,999,114
8,841,974
1.0
12%
20%
226 SEALED AIR HELLAS S.A.
PLASTICS - RUBBER
1,749,085
8,842,892
9%
6,170,123
677,413
9.1
20%
28%
227 MANTONANAKIS S.A.
HOTEL SUPPLIES
1,748,459
6,960,433
4%
42,225,097
22,967,653
1.8
25%
4%
228 GENESIS ATHENS S.A.
MEDICAL SERVICES
1,748,232
7,641,519
9%
7,062,460
1,971,756
3.6
23%
25%
229 NIKOLAOU D. S.A.
MACHINERY
1,746,356
10,816,310
171%
5,507,726
2,548,594
2.2
16%
32%
230 KOUVIDIS EMM. S.A.
PLASTICS
1,734,362
10,026,968
62%
10,042,227
1,426,321
7.0
17%
17%
231 ETTLI S.A.
TRANSLATION AND INTERPRETATION
1,730,089
4,873,026
105%
1,813,637
1,265,685
1.4
36%
95%
232 METRO S.A.
SUPERMARKET
1,722,043
3,857,049
381%
7,563,179
2,769,846
2.7
45%
23%
233 MERCK PHARMACEUTICALS - CHEMICALS S.A.
PHARMACEUTICALS - CHEMICALS
1,716,017
52,886,537
412%
18,576,783
5,848,980
3.2
3%
9%
234 AMALTHEIA S.A.
FOOD PRODUCTS
1,713,329
15,808,024
7%
8,832,355
4,766,105
1.9
11%
19%
235 ATEX S.A.
HOTELS
1,712,795
3,346,027
33%
6,559,309
1,240,135
5.3
51%
26%
236 PETRIDIS S.A.
ELECTRICAL DEVICES
1,710,849
10,325,134
6%
11,201,343
3,885,069
2.9
17%
15%
237 APOSTOLIDIS S.A.
ELECTRICAL SUPPLIES
1,708,545
11,629,736
37%
11,625,994
2,226,300
5.2
15%
15%
238 YDROFILI S.A.
MACHINERY
1,691,492
3,650,501
171%
3,006,444
1,089,177
2.8
46%
56%
239 RETHYMNO S.A.
HOTELS
1,681,525
5,694,376
43%
12,978,957
4,432,001
2.9
30%
13%
240 VIORYL S.A.
CHEMICAL PRODUCTS
1,673,027
23,898,581
4%
12,459,207
11,139,020
1.1
7%
13%
241 INTERTAN S.A.
SUPERMARKET
1,671,958
18,129,986
85%
10,222,022
4,773,303
2.1
9%
16%
242 P. SARRIS & CO. LTD
MISCELANEOUS SERVICES
1,668,059
7,979,949
1%
5,423,805
1,855,292
2.9
21%
31%
243 DIAMED HELLAS S.A.
MEDICAL DEVICES
1,666,924
3,324,775
35%
5,172,874
248,055
20.9
50%
32%
244 RAVENNA S.A.
FURNITURE
1,663,251
12,899,400
203%
10,281,244
8,148,404
1.3
13%
16%
245 LAMDA HELLIX S.A.
IT SERVICES
1,645,790
11,597,408
94%
14,728,592
11,889,007
1.2
14%
11%
246 TEPSE TECHNIKI PSIKTIKI S.A.
MACHINERY
1,630,988
7,269,922
51%
7,601,826
1,328,338
5.7
22%
21%
247 IAKOVOS TZIMBRE S.A.
SUPERMARKET
1,630,269
6,979,816
22%
5,854,637
1,713,425
3.4
23%
28%
I 122 I
DIAMONDS OF THE GREEK ECONOMY
Pre-Tax Income 2018
Turnover 2018
Profitability Increase 2017vs2018
Equity 2018
Total Liabilities 2018
Equity / Liabilities
Profit / Turnover
Profit / Equity
2020
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA)
248 SIDMETAL S.A.
METALLIC PRODUCTS
1,608,235
31,073,510
70%
10,538,667
7,961,888
1.3
5%
15%
249 TSAOUSOGLOU HOTEL & TOURISM ENTERP. S.A.
TOURISM ENTERPRISES
1,601,707
6,302,975
167%
9,710,986
5,171,742
1.9
25%
16%
250 IKOCHIMIKI S.A.
CHEMICAL PRODUCTS
1,600,692
5,873,285
21%
8,190,366
584,528
14.0
27%
20%
251 AEOLIAN PARKS ACHLADION S.A.
ENERGY
1,594,841
2,273,947
7%
5,633,303
440,484
12.8
70%
28%
248 - 297
Company Name
Sector
252 INTRALINK LOGISTICS S.A.
SERVICES
1,585,383
11,048,372
21%
3,731,511
1,899,685
2.0
14%
42%
253 BIOMERIEUX HELLAS S.A.
MEDICAL SERVICES
1,581,343
12,468,781
20%
6,768,856
4,984,477
1.4
13%
23%
254 FLUIDRA S.A.
MACHINERY
1,577,791
8,793,545
44%
4,945,293
1,809,176
2.7
18%
32%
255 DAMMA HOLDINGS S.A.
HOLDING COMPANIES
1,576,250
4,539,925
66%
14,701,961
4,962,375
3.0
35%
11%
256 DIMOULAS SPECIAL CABLES S.A.
ELECTRICAL SUPPLIES
1,562,856
27,688,621
213%
15,765,592
4,928,771
3.2
6%
10%
257 ENDOSKOPIKI S.A.
MEDICAL DEVICES
1,542,227
6,702,139
16%
5,345,962
2,653,722
2.0
23%
29%
258 DROSOS A. S.A.
HOTELS
1,540,965
4,379,270
37%
4,632,143
2,731,103
1.7
35%
33%
259 3K INVESTMENT PARTNERS S.A.
FINANCIAL SERVICES
1,539,292
3,156,999
240%
3,290,848
992,507
3.3
49%
47%
260 L. PALAMIDIS - D. TELONIS SONS & CO. S.A.
FOOD PRODUCTS
1,524,101
7,657,290
23%
3,929,522
1,264,888
3.1
20%
39%
261 RENEWABLE ENERGY SOURCES KARYSTIAS S.A.
ENERGY
1,521,211
4,455,551
38%
14,754,458
9,497,747
1.6
34%
10%
262 GIORMANI V. LTD
CHEMICALS - PAINTS
1,519,285
16,985,645
18%
4,045,083
3,484,626
1.2
9%
38%
263 EGON ZEHNDER INTERNATIONAL S.A.
SERVICES
1,518,516
5,975,031
7110%
1,689,551
1,596,275
1.1
25%
90%
264 BRETAS FAMILY S.A.
FOOD PRODUCTS
1,515,794
5,887,954
115%
4,665,810
818,925
5.7
26%
32%
265 DIGENIS S.A.
METAL PRODUCTS
1,497,820
4,135,445
9%
14,136,355
1,723,951
8.2
36%
11%
266 APOLLONIAN NUTRITION S.A.
SUPPLEMENTS
1,496,826
9,205,132
54%
3,367,278
2,843,021
1.2
16%
44%
267 CERAMETAL S.E. S.A.
METAL PRODUCTS
1,492,978
12,375,563
40%
6,312,718
1,888,891
3.3
12%
24%
268 CHALKIDIKI TOURISM ENTERPRISES S.A.
HOTELS
1,486,952
11,308,631
134%
22,447,845
12,917,085
1.7
13%
7%
269 AMALIA S.A.
HOTELS
1,486,763
9,508,220
116%
14,256,857
5,308,629
2.7
16%
10%
270 POLO S.A.
APPAREL
1,478,531
7,115,422
1%
6,818,259
752,347
9.1
21%
22%
271 LAHOR S.A.
-
1,475,448
2,515,208
51%
4,562,241
358,912
12.7
59%
32%
272 MARINA GOUVION S.A.
TRANSPORT
1,475,387
6,427,925
9%
5,530,666
3,699,563
1.5
23%
27%
273 PPG HELLAS S.A.
CHEMICAL - PAINTS
1,474,776
13,392,280
3%
8,326,322
1,662,141
5.0
11%
18%
274 DOMAINE COSTA LAZARIDI S.A.
WINERY
1,472,485
11,066,322
359%
24,166,460
11,624,644
2.1
13%
6%
275 GOLD STAR AVIATION LTD
AVIATION SERVICES
1,463,279
2,502,283
33%
1,106,973
245,586
4.5
58%
132%
276 IONIAN KALK S.A.
MINES
1,459,291
18,172,871
51%
19,614,959
14,800,789
1.3
8%
7%
277 KESIDIS BROS - CROM S.A.
FOOD PRODUCTS
1,455,456
6,517,900
298%
5,705,404
2,843,896
2.0
22%
26%
278 SITHONIA OLIVES S.A.
FOOD PRODUCTS
1,449,672
4,617,845
16%
7,277,037
1,423,530
5.1
31%
20%
279 MOURIKIS FOTIOS ANAST. S.A.
WOOD
1,443,002
21,365,415
26%
19,563,295
3,807,303
5.1
7%
7%
280 VYTHOULKA BROS S.A.
HOTELS
1,414,534
4,272,655
101%
6,593,607
3,568,308
1.8
33%
21%
281 LESVOS DAIRY S.A.
FOOD PRODUCTS
1,402,018
9,991,085
71%
6,248,947
3,267,815
1.9
14%
22%
282 KRITI LIVESTOCK FEED S.A.
FOOD PRODUCTS
1,400,350
17,315,593
42%
3,889,955
3,589,479
1.1
8%
36%
283 VIONOVA LTD
-
1,400,178
6,313,723
21%
2,752,795
2,487,576
1.1
22%
51%
284 STATHATOS E. S.A.
CLOTHING - FOOTWEAR
1,398,624
2,742,552
43%
7,175,009
662,677
10.8
51%
19%
285 TRADE LOGISTICS S.A.
LOGISTICS
1,398,000
7,828,000
98%
14,014,000
11,442,000
1.2
18%
10%
286 SIVA TRAVEL SERVICES S.A.
TRAVEL AGENCY
1,394,070
21,753,326
5%
2,254,079
996,132
2.3
6%
62%
287 ATHINAIKI HOTEL CO. S.A.
HOTELS
1,380,040
4,267,526
45%
12,468,768
5,772,182
2.2
32%
11%
288 NIKZAS MILK INDUSTRY S.A.
FOOD PRODUCTS
1,376,803
14,857,167
25%
7,082,501
5,990,024
1.2
9%
19%
289 EPSEM S.A.
SANITATION - AIR CONDITIONING
1,374,655
9,028,386
14%
6,526,039
537,493
12.1
15%
21%
290 APOSTEIROSI S.A.
SANITATION
1,367,558
3,502,138
7%
2,489,405
1,853,955
1.3
39%
55%
291 GENERAL INDUSTRIAL & COMMERCIAL S.A.
MISCELANEOUS SERVICES
1,353,094
27,174,029
61%
23,342,092
8,877,127
2.6
5%
6%
292 MANTZAVELAKIS S.A.
HOTELS
1,351,296
7,358,137
10%
6,002,145
1,363,069
4.4
18%
23%
293 ANTONIOU S.A.
PUBLICATIONS
1,335,668
7,879,733
34%
9,001,497
1,626,180
5.5
17%
15%
294 GIOMA S.A. (AEGEAN PLAZA SANTORINI)
HOTELS
1,331,801
2,663,960
12%
5,925,446
1,365,313
4.3
50%
22%
295 PIGASOS S.A.
FOOD PRODUCTS
1,316,506
12,092,352
36%
7,830,312
1,525,790
5.1
11%
17%
296 VARIO S.A.
BUSINESS SUPPLIES
1,310,121
13,589,646
46%
6,336,839
1,871,352
3.4
10%
21%
297 HARDALIS CHRISTOS SONS S.A.
METAL PRODUCTS
1,307,234
18,090,660
23%
5,471,513
4,830,298
1.1
7%
24%
I 124 I
I 125 I
Profitability Increase 2017vs2018
Equity 2018
Total Liabilities 2018
LIGHTING
1,305,075
11,403,901
24%
12,645,767
9,245,052
1.4
11%
10%
299 ADVANCED MICROWAVE SYSTEMS P.C.
MISCELANEOUS SERVICES
1,304,495
1,829,065
822%
1,138,775
554,287
2.1
71%
115%
300 ARVANITIS S.A.
FOOD PRODUCTS
1,304,041
9,391,934
67%
3,779,476
2,831,825
1.3
14%
35%
301 PILAVAS DISTILLERY S.A.
SPIRITS
1,287,275
2,884,520
2%
2,435,807
866,679
2.8
45%
53%
302 VAKREL S.A.
FOOD PRODUCTS
1,283,644
20,838,312
5%
7,566,119
7,466,097
1.0
6%
17%
303 ANTHOULAKIS LTD
TRANSPORT
1,282,404
7,123,886
49%
2,752,559
851,158
3.2
18%
47%
304 SAMARAS G. S.A.
MEDICAL SUPPLIES
1,274,782
6,890,188
101%
3,938,886
1,947,369
2.0
19%
32%
305 VICTORIA I. SARASITIS S.A.
METAL PRODUCTS
1,268,602
11,504,488
75%
8,765,278
1,952,115
4.5
11%
14%
306 KAISIDIS P. NIK. S.A.
NON - METALLIC MINERALS
1,268,507
7,924,816
124%
7,618,680
5,752,607
1.3
16%
17%
307 NOVOTEL ATHENS S.A.
HOTELS
1,265,672
6,400,871
203%
10,610,024
2,652,012
4.0
20%
12%
308 MALLIONTA S.A.
CONSTRUCTIONS
1,260,328
6,918,026
24%
2,584,759
2,213,084
1.2
18%
49%
298 - 347
Sector
Profit / Equity
Turnover 2018
298 KARAKOSTAS VAIOS I. S.A.
Company Name
Profit / Turnover
Pre-Tax Income 2018
2020
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA) Equity / Liabilities
DIAMONDS OF THE GREEK ECONOMY
309 PAPADIMITRIOU S.A.
FOOD PRODUCTS
1,257,610
4,580,578
27%
4,978,906
574,291
8.7
27%
25%
310 HYDROFIRE LTD
MACHINERY
1,257,591
7,342,439
19%
4,991,393
1,433,204
3.5
17%
25%
311 TSIMIDOPOULOS M. S.A.
HOTELS
1,256,949
4,339,445
87%
2,493,877
1,341,984
1.9
29%
50%
312 SEXTOS BROS - NEW EXFRUIT S.A.
FOOD PRODUCTS
1,255,254
36,072,702
18%
11,391,820
8,859,141
1.3
3%
11%
313 AINOS S.A.
FOOD PRODUCTS
1,242,449
19,026,780
6%
10,745,145
9,037,528
1.2
7%
12%
314 FOUFAS BROS S.A.
FOOD PRODUCTS
1,229,987
8,794,314
23%
6,581,804
897,819
7.3
14%
19%
315 GALAKTOKOMIKI TRIPOLEOS PAPADOPOULOS S.A.
FOOD PRODUCTS
1,226,161
7,608,033
123%
9,299,608
1,955,166
4.8
16%
13%
316 STAFYLOPATIS N. S.A.
MACHINERY
1,222,442
3,541,457
34%
2,894,638
1,035,507
2.8
35%
42%
317 EUROGROUP - EUROPEAN INVESTMENT GROUP LTD
FINANCIAL SERVICES
1,216,097
1,661,787
13%
7,820,628
418,172
18.7
73%
16%
318 BOZATZIDIS CHR. S.A.
MACHINERY
1,213,432
6,541,447
3%
12,023,418
1,250,252
9.6
19%
10%
319 SUN GLASS S.A.
MISCELANEOUS SERVICES
1,207,522
11,444,939
3%
5,112,217
2,828,547
1.8
11%
24%
320 SKOURAS S.A.
SPIRITS
1,203,349
4,737,422
9%
4,781,677
2,909,002
1.6
25%
25%
321 FIDELITY S.A.
SERVICES
1,196,380
7,126,279
8%
2,408,416
1,473,337
1.6
17%
50%
322 KOULIKIDIS A. & SONS S.A.
FURNITURE SUPPLIES
1,187,447
8,154,124
12%
12,427,728
643,472
19.3
15%
10%
323 SOLERGON S.A.
CONSTRUCTIONS
1,183,758
15,890,222
38%
11,795,398
8,511,581
1.4
7%
10%
324 ACQUA SOURCE S.A.
SWIMMING POOLS
1,180,365
7,502,303
32%
4,941,129
1,695,855
2.9
16%
24%
325 LAMDA CHARTIKI S.A.
PAPER
1,167,689
9,389,130
9%
10,832,038
848,851
12.8
12%
11%
326 MAGNA GROUP S.A.
TOURISM ENTERPRISES
1,167,438
11,176,077
20%
2,046,173
629,202
3.3
10%
57%
327 MECANOTEHNICA S.A.
PLASTICS
1,158,866
6,974,093
776%
2,376,826
2,297,571
1.0
17%
49%
328 OLYMPIC HOTELS S.A.
HOTELS
1,158,864
7,271,087
17%
15,328,463
11,549,479
1.3
16%
8%
329 AVGIDIS AUTOMATIONS S.A.
ELECTRICAL
1,150,340
6,375,470
140%
4,726,906
1,831,857
2.6
18%
24%
330 VIOPOL CHEMICAL & INDUSTRIAL S.A.
CHEMICAL PRODUCTS
1,144,527
8,337,915
103%
3,569,048
1,325,867
2.7
14%
32%
331 PROFILE SYSTEMS & SOFTWARE S.A.
IT SERVICES
1,144,500
7,773,274
85374%
14,854,275
9,367,159
1.6
15%
8%
332 NEOTAX S.A.
-
1,144,353
10,860,779
10%
6,538,785
3,216,602
2.0
11%
18%
333 FINEZZA S.A.
PAPER
1,128,441
5,033,871
20%
2,932,871
910,320
3.2
22%
38%
334 VIORAL S.A.
ALUMINUM
1,110,890
7,474,378
5%
8,672,078
1,616,328
5.4
15%
13%
335 AEIFORIKI DODEKANISSOU S.A.
ENERGY
1,107,606
1,646,374
16%
5,318,220
2,231,961
2.4
67%
21%
336 HAPPY DAYS S.A.
CAMPS
1,106,032
2,517,819
71%
4,226,307
344,012
12.3
44%
26%
337 DIAGORAS S.A.
HOTELS
1,104,460
11,006,298
6%
32,914,244
28,329,000
1.2
10%
3%
338 AKROTIRI BEACH S.A.
HOTELS
1,104,202
3,434,608
49%
10,500,931
341,591
30.7
32%
11%
339 KOSMARKO HELLAS S.A.
SANITATION - AIR CONDITIONING
1,102,833
10,116,922
36%
8,284,492
3,646,166
2.3
11%
13%
340 PLATANITSA S.A.
-
1,101,678
3,848,069
7%
7,876,834
392,082
20.1
29%
14%
341 TOURIST ENTERP. OF KERKYRA “VOULGARI” S.A.
HOTELS
1,099,132
7,115,793
23%
8,019,217
3,630,341
2.2
15%
14%
342 ARISTON BROADCAST & TELECOM SOLUTIONS S.A.
BROADCAST & TELECOM
1,096,433
6,297,966
482%
1,702,473
1,498,988
1.1
17%
64%
343 PHARMASWISS HELLAS S.A.
PHARMACEUTICALS
1,091,956
22,778,548
2%
10,006,417
7,231,853
1.4
5%
11%
344 ISO PLUS S.A.
SERVICES
1,084,732
14,938,457
1%
5,150,763
2,820,413
1.8
7%
21%
345 TOXOTIS S.A.
CONSTRUCTIONS
1,082,768
11,599,519
69%
20,099,747
6,722,278
3.0
9%
5%
346 LEISURE HOTELS S.A.
HOTELS
1,077,911
2,480,193
8%
2,154,510
352,512
6.1
43%
50%
347 PHOENICIA FEREOS HELLAS S.A.
TOBACCO PRODUCTS
1,073,145
6,394,829
18%
2,978,629
853,100
3.5
17%
36%
I 126 I
I 127 I
DIAMONDS OF THE GREEK ECONOMY
Turnover 2018
Profitability Increase 2017vs2018
Equity 2018
Total Liabilities 2018
Equity / Liabilities
Profit / Turnover
348 ENERGEIAKI FERRON EVROU S.A.
ENERGY
1,071,000
2,683,000
32%
12,513,000
11,479,000
1.1
40%
9%
349 KAPELIS P. S.A.
PACKAGING
1,063,698
6,796,796
26%
2,559,113
2,001,501
1.3
16%
42%
350 EXOTHERMIA S.A.
SOFTWARE
1,062,999
2,913,307
47%
2,350,426
1,185,120
2.0
36%
45%
348 - 397
Company Name
Sector
Profit / Equity
Pre-Tax Income 2018
2020
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA)
351 SONOCO CONSUMER PRODUCTS HELLAS S.A.
PACKAGING
1,062,263
6,267,918
7%
4,836,804
710,362
6.8
17%
22%
352 DIAKAKIS IMPORTS S.A.
IMPORTS - RETAIL
1,061,767
8,978,140
29%
6,569,803
942,259
7.0
12%
16%
353 N. GEORGOPOULOS P.C.
MISCELANEOUS PRODUCTS
1,054,155
4,409,175
24%
3,132,719
117,772
26.6
24%
34%
354 TITANIA S.A.
HOTELS
1,052,448
11,750,379
74%
24,046,733
5,171,600
4.6
9%
4%
355 FOREL S.A.
CLOTHING
1,052,357
6,789,061
34%
5,510,821
2,765,783
2.0
16%
19%
356 BODERM S.A.
PHARMACEUTICALS
1,043,905
4,369,814
50%
2,198,412
1,328,575
1.7
24%
47%
357 NAKAS FIL. S.A.
MUSIC STORE
1,039,749
20,585,351
31%
18,024,327
8,755,007
2.1
5%
6%
358 AGGELIS CHR. SONS S.A.
RETAIL
1,031,955
17,959,891
18%
4,302,940
3,704,187
1.2
6%
24%
359 CONSTANTINIDIS A.C. CHOCOLATE MANUFACTURING ASTIR S.A.
FOOD PRODUCTS
1,031,885
5,892,811
15%
4,969,620
1,099,075
4.5
18%
21%
360 TRIUMF INTERNATIONAL S.A.
CLOTHING
1,021,411
20,032,427
3%
10,141,231
3,951,209
2.6
5%
10%
361 EUROSNAC S.A.
FOOD PRODUCTS
1,015,931
3,835,162
7%
6,625,758
1,326,579
5.0
26%
15%
362 SIDIRODROMIKA ERGA S.A.
CONSTRUCTIONS
1,006,561
8,379,375
582%
11,970,814
1,742,126
6.9
12%
8%
363 SANTEL S.A.
ELECTRONICS
1,006,497
3,728,084
38%
1,254,597
727,698
1.7
27%
80%
364 DORYSSA BAY HOTEL - AEGIAN HOTEL & TOURIST ENTERP. S.A.
HOTELS
1,004,662
6,738,283
21%
17,427,599
3,386,761
5.1
15%
6%
365 DAVRELIS A. S.A.
-
1,004,309
11,616,477
13%
10,822,189
2,183,932
5.0
9%
9%
366 CHRISTIDIS I. BROS S.A.
-
992,454
8,813,466
7%
5,431,856
3,794,409
1.4
11%
18%
367 GENERAL CLINIC OF PIRAEUS - HIPPOCRATES S.A.
CLINICS
985,895
2,478,247
142%
3,291,556
1,719,601
1.9
40%
30%
368 MT S.A.
-
983,754
8,915,291
224%
4,898,905
3,039,146
1.6
11%
20%
369 HERACLES SHIPPING S.A.
SHIPPING AGENCIES
981,000
26,587,000
6%
11,356,000
8,809,000
1.3
4%
9%
370 BILLIAS JUICES S.A.
BEVERAGES
980,842
4,481,948
6%
5,051,033
1,746,474
2.9
22%
19%
371 PHAISTOS NETWORKS S.A.
SERVICES
975,170
3,139,098
20%
2,086,716
857,645
2.4
31%
47%
372 D. STERGIDIS S.A.
TRANSPORTATION MEANS
975,022
5,759,420
15%
3,064,245
1,987,177
1.5
17%
32%
373 PYTHAGOREION S.A.
HOTELS
972,025
3,726,850
121%
3,216,634
1,242,468
2.6
26%
30%
374 SCANDINAVIAN NEAR EAST AGENCY S.A.
SHIPPING AGENCIES
964,907
2,516,059
11%
12,663,515
1,097,860
11.5
38%
8%
375 GEYER HELLAS S.A.
ELECTRICAL SUPPLIES
962,460
7,284,441
79%
7,021,130
4,792,599
1.5
13%
14%
376 MARMOUTIS S.A.
FURNITURE SUPPLIES
961,367
10,163,897
20%
7,958,256
6,751,863
1.2
9%
12%
377 NEPTUNE HOTELS - OLYMPIC HOLIDAYS S.A.
HOTELS
960,351
17,867,387
1037%
44,896,489
10,233,422
4.4
5%
2%
378 SIGMA & KAPA IMPORTS S.A.
ELECTRICAL SUPPLIES
959,529
3,455,624
14%
2,238,210
1,462,810
1.5
28%
43%
379 PENETRON HELLAS S.A.
CONSTRUCTIONS
957,321
5,452,653
26%
1,965,002
1,085,865
1.8
18%
49%
380 GRIVAS PUBLICATIONS S.A.
PUBLICATIONS
956,787
3,924,997
22%
6,689,483
1,057,061
6.3
24%
14%
381 STAMATIADIS K. - E. ABLIANITIS S.A.
PLASTICS - RUBBER
954,275
2,104,315
234%
1,417,673
416,350
3.4
45%
67%
382 MANIATOPOULOS I. S.A.
-
949,710
4,444,200
115%
6,961,870
1,274,970
5.5
21%
14%
383 ZANTOTEL S.A.
HOTELS
944,839
1,644,697
29%
5,848,911
445,704
13.1
57%
16%
384 DIMITRAKOPOULOS THEOD. S.A.
-
943,988
4,867,164
22%
5,453,654
1,208,647
4.5
19%
17%
385 KOUSATHANA - KASSAVETIS S.A.
HOTELS
937,975
2,893,785
22%
2,119,402
1,546,402
1.4
32%
44%
386 DOUROS K. S.A.
-
931,862
2,076,246
29%
4,115,320
287,935
14.3
45%
23%
387 NK PLASTICS S.A.
PLASTICS
922,793
5,833,018
26%
3,391,141
721,121
4.7
16%
27%
388 DIOMEIA HELLAS S.A.
HOTELS
914,111
3,205,543
32%
2,454,359
712,222
3.4
29%
37%
389 ERA CONGRESS ORGANIZERS LTD
SERVICES
909,170
8,317,369
36%
1,916,343
1,799,180
1.1
11%
47%
390 LALOUSI BROS S.A.
PACKAGING
907,456
2,527,527
29%
1,952,391
884,478
2.2
36%
46%
391 KALESTESIA S.A.
CLOTHING
898,319
10,674,738
456%
2,429,406
2,141,543
1.1
8%
37%
392 MOVIELAB S.A.
PRODUCTIONS
892,206
4,758,312
219%
5,655,412
1,396,902
4.0
19%
16%
393 ELDIKO SPORT S.A.
GYMNASTICS $ CAMPING EQUIPMENT
885,964
6,106,990
71%
6,470,807
2,593,900
2.5
15%
14%
394 ΙΟΝΙΟΝ MARINE S.A.
YACHT SERVICES
881,676
1,822,109
57%
2,159,475
452,911
4.8
48%
41%
395 VISTA MEDICAL S.A.
MEDICAL DEVICES
878,859
4,999,526
68%
4,399,375
3,393,020
1.3
18%
20%
396 GIANNIKAS ST. S.A.
FOOD PRODUCTS
871,375
11,500,650
42%
7,325,123
2,599,925
2.8
8%
12%
397 DAMIGOU BROS S.A.
MACHINERY
871,298
4,467,841
34%
3,177,837
502,773
6.3
20%
27%
I 128 I
DIAMONDS OF THE GREEK ECONOMY
Pre-Tax Income 2018
Turnover 2018
Profitability Increase 2017vs2018
Equity 2018
Total Liabilities 2018
Equity / Liabilities
Profit / Turnover
Profit / Equity
2020
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA)
398 DORMED HELLAS S.A.
MEDICAL DEVICES
864,728
4,723,041
8%
4,552,747
362,258
12.6
18%
19%
399 GRECO STROM LTD
MATTRESSES
863,139
9,655,623
72%
3,084,317
3,081,118
1.0
9%
28%
398 - 447
Company Name
Sector
400 OIKIAKOS EXOPLISMOS PAROUSIASI S.A.
HOME EQUIPMENT
860,980
10,936,856
32%
15,006,505
2,002,358
7.5
8%
6%
401 ACHTIDA EVANG. KOUVRAKIS S.A.
COMMERCE
852,993
8,527,760
3%
4,682,668
1,009,794
4.6
10%
18%
402 RITO’S FOOD S.A.
FOOD PRODUCTS
851,588
5,454,118
162%
4,159,623
926,550
4.5
16%
20%
403 G. TZCHMINTZOGLOU S.A.
-
848,658
4,618,593
5%
3,464,595
406,750
8.5
18%
24%
404 SARLAS S.A.
FABRICS
841,641
7,621,465
4%
9,034,524
6,338,190
1.4
11%
9%
405 VAIRAMOGLOU S. S.A.
MISCELANEOUS PRODUCTS
839,926
9,779,545
39%
6,730,591
1,758,812
3.8
9%
12%
406 BOZIONELOS F. & SONS S.A.
FOOD PRODUCTS
838,994
21,150,140
197%
7,691,818
2,571,554
3.0
4%
11%
407 DIANA HOTELS S.A.
HOTELS
836,950
4,788,924
5%
5,741,214
3,366,779
1.7
17%
15%
408 TA DELFINIA S.A.
HOTELS
836,345
3,043,365
40%
5,905,189
253,505
23.3
27%
14%
409 FLORIDA MALL S.A.
REAL ESTATE
834,246
1,230,103
2%
16,209,067
3,585,120
4.5
68%
5%
410 STAVRAKARAS PANAGIOTIS - TRADE OF AGRICULTURAL PRODUCTS S.A.
AGRICULTURAL PRODUCTS
833,538
9,017,381
48%
3,338,883
3,101,999
1.1
9%
25%
411 LALAOUNIS ILIAS - GREEK GOLD S.A.
JEWELRY & WATCH STORES
830,688
5,770,800
78%
7,785,412
4,872,572
1.6
14%
11%
412 BBDO ATHENS S.A.
SERVICES
823,031
10,721,038
17%
10,441,896
7,434,380
1.4
8%
8%
413 BAZAKAS ATH. DIMITRIOS SINGLE MEMBER LTD.
MACHINERY
822,532
6,493,829
34%
3,866,451
341,771
11.3
13%
21%
414 VIOKEF - N.TH. KAKKOS S.A.
LIGHTING
811,292
6,304,600
147%
9,676,170
2,049,540
4.7
13%
8%
415 AUTOPLUS ACCESSORIES S.A.
CAR ACCESSORIES
805,469
2,820,618
17%
1,891,650
931,216
2.0
29%
43%
416 ONASIS N. S.A.
FOOD PRODUCTS
803,979
4,012,032
23%
2,516,889
829,130
3.0
20%
32%
417 GERMANOS K. MEDICALS S.A.
MEDICAL DEVICES
796,338
4,546,895
6%
3,525,936
762,630
4.6
18%
23%
418 KOROPOULIS A.G. S.A.
MISCELANNEOUS PRODUCTS
793,067
7,870,054
19%
3,944,026
3,062,275
1.3
10%
20%
419 THALATTA CAMP S.A.
CAMPS
791,246
3,392,977
23%
3,224,972
484,618
6.7
23%
25%
420 TSILILIS K. S.A.
WINERY
790,587
5,835,701
42%
6,331,714
2,483,716
2.5
14%
12%
421 ENERGY S.A.
ENERGY
785,167
4,278,364
41%
1,372,488
1,158,282
1.2
18%
57%
422 VYTHOULKAS FOTEINOS S.A.
HOTELS
784,748
3,526,796
237%
16,825,795
5,355,128
3.1
22%
5%
423 PERIVOLAS S.A.
HOTELS
782,233
2,835,982
8%
4,036,931
929,716
4.3
28%
19%
424 VLASSOPOULOS ANASTASIOS - NEOPLAST S.A.
PLASTICS
780,119
4,003,996
40%
7,304,933
1,471,451
5.0
19%
11%
425 VOURVACHAKIS N. & CH. S.A.
HOTELS
777,615
2,680,533
32%
6,638,441
1,130,412
5.9
29%
12%
426 INJEGOV ADVANCED MECHANICAL APPLICATIONS S.A.
MECHANICAL APPLICATIONS
774,746
3,374,055
60%
2,893,695
423,041
6.8
23%
27%
427 MATECO HELLAS LTD
MISCELANEOUS SERVICES
774,535
2,667,426
122%
3,029,152
461,896
6.6
29%
26%
428 CORFU URBAN BUS SERVICE (KTEL) S.A.
TRANSPORT
771,034
3,861,419
67%
1,377,655
880,257
1.6
20%
56%
429 MEDICAL WASTE S.A.
MEDICAL SERVICES
769,380
1,971,578
12%
1,278,038
328,632
3.9
39%
60%
430 IAMVOS S.A.
HOTELS
767,930
7,393,534
156%
15,321,286
2,766,416
5.5
10%
5%
431 D.I.S. - DYNAMIC INTEGRATED SOLUTIONS S.A.
MISCELLANEOUS SERVICES
762,726
2,973,123
47%
2,709,459
645,973
4.2
26%
28%
432 KOSKINA K. BROS S.A.
FOOD PRODUCTS
762,712
3,316,535
71%
2,634,751
2,189,248
1.2
23%
29%
433 CHATSIAMALLOS EMM. P.C.
-
759,664
11,786,409
31%
2,980,039
2,474,170
1.2
6%
25%
434 LAGAS S.A.
FOOD PRODUCTS
759,524
4,813,424
55%
12,015,471
3,222,501
3.7
16%
6%
435 N. KARAGIANNIS BROS S.A.
-
759,190
10,604,334
25%
8,064,606
2,234,046
3.6
7%
9%
436 PTINOTROFIKI IOANNINON S.A.
POULTRY FARM
757,029
5,238,604
292%
5,261,623
2,153,923
2.4
14%
14%
437 DIRECT TELEMATICS S.A.
MISCELLANEOUS SERVICES
754,922
2,446,068
9%
2,484,763
1,811,572
1.4
31%
30%
438 FILIPPIDIS F. S.A.
MISCELLANEOUS SERVICES
751,765
5,892,383
8%
4,536,831
1,614,335
2.8
13%
17%
439 ALFA GLASS S.A.
PLASTICS - GLASS
751,742
8,921,896
44%
13,257,654
1,137,905
11.7
8%
6%
440 EEL & SALMON OLYMPIAKI S.A.
AQUACULTURE
749,640
8,587,617
36%
5,555,174
3,363,852
1.7
9%
13%
441 EMKO EMM. KOUTELAS S.A.
HOTEL EQUIPMENT
747,964
3,602,022
25%
2,350,515
742,200
3.2
21%
32%
442 GANAS TRANSPORT S.A.
TRANSPORT
746,514
6,160,823
60%
3,874,748
1,047,710
3.7
12%
19%
443 ZAFEIRATOS S. & CO. ENERGIAKI S.A.
ENERGY
741,311
3,741,682
39%
8,964,976
8,058,189
1.1
20%
8%
444 ARAGONITIS S.A.
MINES
730,402
2,638,726
30%
2,905,897
1,494,722
1.9
28%
25%
445 ELASTIKES ENOSEIS S.A.
CONVEYOR BELTS & ACCESSORIES
729,922
8,917,136
104%
5,481,727
3,361,176
1.6
8%
13%
446 SARIBOGIAS S.A.
FOOD PRODUCTS
723,593
6,981,091
71%
3,871,743
2,074,326
1.9
10%
19%
447 NAKOS S.A.
PACKAGING
722,289
4,126,783
35%
1,703,168
613,388
2.8
18%
42%
I 130 I
I 132 I
Total Liabilities 2018
Equity / Liabilities
Profit / Turnover
Profit / Equity
SEVEN BROTHERS S.A. AGALI HOUSES S.A. G. ZOIS SCHOOL S.A. BRAKOPOULOS S.A. GEFSINOUS LTD CHATZELIS K. S.A. EPSILON NET S.A. CHIOS HELLAS LTD BLUE STREAM SOLUTIONS LTD SYRMA S.A. RIVIMETAL ATH. RIVIOS S.A GESIKAT LTD HELLENIC REFRIGERATOR RECYCLING S.A. IOANNIS K. KONSTANTINIDIS LTD LAMDA LTD DTS FUR PROCESSING S.A. ATHOS PALACE P.C. ALKI S.A. SIAFARAS AR. S.A. EPENDYTIKI KATASKEVASTIKI (INVESTMENT CONSTRUCTION) S.A. KAVA DIAPON L. TASOULAS S.A. ANTHEA TOURISM ENTERP. S.A. LILIUM CALDERAS S.A. AKMON ENERGY S.A. SANTE PAPER IND. - MARSELOS BROS S.A. EUROCERT S.A. SUN S.A. VERAL S.A. VARNIKOS S.A. PROKOPIOU FARM S.A. ENERGON T.M. LTD PAPADIMATOS CH. S.A. LENIDI S.A. ERMIONIDA QUARRIES S.A. IORDANIS TERPOUKIDIS & SONS S.A. G.P. AVERINOPOULOS - ILKA SECURITY S.A. KARAMANIS S.A. DATSERIS G. BROS S.A. RIGAS P. PACKAGING MATERIALS S.A. CLIMA CONTROL S.A. VOUGIOUKLI S.A. VITAEL S.A. DIALOG SEMICONDUCTOR HELLAS S.A. EXYPP GENERAL SECURITY S.A. ELECTRA HELLAS S.A. MIT. KAL. S.A. SARAVANOS S.A. DIANOMIKI HELLAS S.A. NUMIL HELLAS S.A. BIOLAND ESTATE S.A. MAKESTAS GEORGIOS S.A. G.A. PLASTICS S.A. BIOKAL S.A.
Equity 2018
448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500
Sector
Profitability Increase 2017vs2018
448 - 500
Company Name
Turnover 2018
2020
THE MOST ADMIRED ENTERPRISES (BASED ON 5 CRITERIA) Pre-Tax Income 2018
DIAMONDS OF THE GREEK ECONOMY
TOURISM ENTERPRISES HOTELS SCHOOLS FOOD PRODUCTS CATERING FOODS PRODUCTS SOFTWARE HOME EQUIPMENT MISCELLANEOUS SERVICES MISCELLANEOUS PRODUCTS SPIRITS METAL PRODUCTS MISCELLANEOUS SERVICES CHEMICAL PRODUCTS FOOD PRODUCTS MISCELLANEOUS PRODUCTS HOTELS MISCELLANEOUS PRODUCTS ELECTRICAL SUPPLIES FINANCIAL SERVICES - CONSTRUCTIONS SPIRITS TOURISM ENTERPRISES HOTELS ENERGY PAPER MISCELLANEOUS SERVICES MISCELLANEOUS PRODUCTS COSMETICS HOTELS FOOD PRODUCTS ELECTRICAL SUPPLIES COMMERCIAL - CONSTRUCTION REAL ESTATE QUARRIES MISCELLANEOUS PRODUCTS SERVICES MISCELLANEOUS PRODUCTS METAL PRODUCTS PACKAGING HEATING NON-METALLIC MINERAL PRODUCTSÂ CONSTRUCTIONS MISCELLANEOUS PRODUCTS MISCELLANEOUS SERVICES CAR ACCESSORIES CONSTRUCTIONS MACHINERY MISCELLANEOUS PRODUCTS FOOD PRODUCTS REAL ESTATE FOOD & BEVERAGES PLASTICS CABLES
719,129 716,708 714,888 712,881 706,211 705,536 702,496 695,718 694,219 694,024 693,445 692,882 692,644 689,291 685,464 684,767 680,377 677,504 675,582 672,249 672,013 669,678 669,567 663,215 662,272 662,252 660,494 660,457 655,575 654,652 649,703 649,325 649,253 648,806 648,476 647,003 645,581 644,202 642,972 642,045 641,669 638,756 637,831 637,690 636,550 635,359 632,558 631,424 630,372 629,576 629,464 629,104 628,664
4,317,571 1,404,843 3,497,901 13,637,932 5,904,622 4,846,024 12,410,169 4,001,356 3,156,619 13,319,907 5,234,981 2,952,574 2,975,010 7,981,788 4,144,924 6,867,589 1,864,460 5,910,768 4,068,775 7,947,058 13,224,798 2,349,903 2,015,407 4,723,087 4,874,224 4,125,396 7,955,983 2,920,897 9,656,574 4,479,388 2,775,029 4,508,397 5,311,212 3,481,481 3,974,597 4,036,648 5,958,840 1,523,795 9,127,874 2,273,026 3,077,414 7,076,292 9,295,968 7,054,364 3,070,213 2,623,841 2,067,485 1,919,159 17,534,595 2,584,938 3,596,988 5,718,566 3,481,242
24% 11% 368% 17% 106% 1367% 2% 1% 22% 40% 3% 71% 64% 10% 3% 14% 43% 29% 69% 9% 18% 8% 81% 1252% 28% 35% 26% 21% 1727% 54% 4% 207% 26% 77% 11% 19% 20% 1% 1% 61% 84% 265% 18% 37% 11% 154% 3% 13% 52% 199% 62% 13% 40%
4,869,394 3,288,114 1,932,972 8,091,028 2,854,713 3,582,482 11,466,585 7,173,010 2,148,484 13,009,536 3,692,090 1,906,870 3,894,628 3,183,965 4,533,185 8,613,999 966,556 3,219,832 12,570,311 2,891,481 5,307,529 3,488,674 3,527,195 2,950,485 4,036,649 2,108,689 5,893,838 3,479,463 20,833,635 2,338,901 3,040,854 4,190,596 7,536,937 5,050,706 2,087,088 3,581,896 3,906,463 3,627,257 5,765,548 8,013,202 4,237,845 2,254,534 2,750,999 2,688,604 1,552,228 1,924,346 1,329,908 1,674,298 7,249,087 4,078,549 2,536,943 3,407,627 3,700,933
1,640,111 654,983 1,362,821 2,794,636 1,818,683 2,616,281 9,737,049 414,089 1,071,180 2,222,980 862,382 1,196,550 552,160 2,506,398 281,717 5,721,448 458,981 1,493,969 2,328,161 756,145 1,995,473 319,042 729,812 1,335,464 146,023 1,963,653 1,702,664 710,225 5,232,897 1,220,607 645,598 411,480 4,648,829 1,278,490 275,140 1,207,421 1,861,416 155,830 1,887,891 311,684 2,301,892 2,117,095 1,675,396 1,132,926 354,096 610,890 1,154,195 1,293,972 6,543,308 3,169,576 457,394 2,946,513 601,410
3.0 5.0 1.4 2.9 1.6 1.4 1.2 17.3 2.0 5.9 4.3 1.6 7.1 1.3 16.1 1.5 2.1 2.2 5.4 3.8 2.7 10.9 4.8 2.2 27.6 1.1 3.5 4.9 4.0 1.9 4.7 10.2 1.6 4.0 7.6 3.0 2.1 23.3 3.1 25.7 1.8 1.1 1.6 2.4 4.4 3.2 1.2 1.3 1.1 1.3 5.5 1.2 6.2
17% 51% 20% 5% 12% 15% 6% 17% 22% 5% 13% 23% 23% 9% 17% 10% 36% 11% 17% 8% 5% 28% 33% 14% 14% 16% 8% 23% 7% 15% 23% 14% 12% 19% 16% 16% 11% 42% 7% 28% 21% 9% 7% 9% 21% 24% 31% 33% 4% 24% 17% 11% 18%
15% 22% 37% 9% 25% 20% 6% 10% 32% 5% 19% 36% 18% 22% 15% 8% 70% 21% 5% 23% 13% 19% 19% 22% 16% 31% 11% 19% 3% 28% 21% 15% 9% 13% 31% 18% 17% 18% 11% 8% 15% 28% 23% 24% 41% 33% 48% 38% 9% 15% 25% 18% 17%
Ε Λ ΛΗΝΙΚ Η ΦΑΡΜ ΑΚΕ Υ Τ ΙΚΗ ΒΙΟΜΗΧ ΑΝΙΑ
από το 1934
Αξιοπιστία, αφοσίωση, ποιοτική παραγωγή µε στόχο τη βελτίωση της ανθρώπινης υγείας
ADELCO A.E. Βιοµηχανία Φαρµάκων & Καλλυντικών Πειραιώς 37, 18346 Μοσχάτο, Τηλ. 210 4819311, e-mail: info@adelco.gr, www.adelco.gr
DIAMONDS OF THE GREEK ECONOMY
2020
Petroleum Products Industrial Turnover (2019) 8,023,563,000 €
PROFIT BEFORE TAXES (2019) 350,093,000 €
HELLENIC PETROLEUM SA
The leading player in energy developments in Southeast Europe
ΟΜΙΛΟΣ Shiamishis, ΕΤΑΙΡΕΙΩΝ Andreas Chief Executive Officer
GROUP OF COMPANIES
Contact details 8A Chimarras St., GR 151 25, Maroussi, Athens, Greece Tel.: +30 210 63 02 000 Fax: +30 210 63 02 510 E-mail: info@helpe.gr Website: www.helpe.gr
I 134 I
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 six countries. Its shares are primarily listed on the Athens Exchange (ATHEX: ELPE) with a secondary listing on the London Stock exchange (LSE: HLPD), while its two bond issues are listed on the Luxemburg Stock Exchange. In 2019, Group Adjusted EBITDA amounted to €572m, on total revenues of €8.9bn. HELLENIC PETROLEUM’s key shareholders are Paneuropean Oil and Industrial Holdings S.A. (45.5%) and the Hellenic Republic Asset Development Fund (35.5%), with the remaining held by institutional (11%) and private (8%) investors. Refining is the Group’s core business, accounting for 75% of total assets. It owns three of the four refineries in Greece, of 344 kbpd total capacity, with a 60% share of the Greek wholesale oil products market. The Group is the domestic ground fuels marketing leader, with a retail network of c.1,700 service stations throughout Greece as well as LPG, industrial, aviation and marine fuels and lubricants businesses. HELLENIC PETROLEUM is a leading player in SE European markets. Through its storage and logistics assets and network of over 300 petrol stations is one of the key fuels marketing players in Cyprus, Serbia, Bulgaria, Montenegro and Republic of North Macedonia. The Group’s exploration and production activities are focused on Greece by developing an exploration portfolio in onshore and offshore areas, either independently or in collaboration with leading companies in the sector such as Total, ExxonMobil, Repsol and Edison. HELLENIC PETROLEUM is the sole petrochemicals producer in Greece, mainly active in the propylenepolypropylene value chain. Domestic market shares exceed 50%, while exports, mainly in Turkey and other Mediterranean countries account for c. 68% of sales. Moreover, HELLENIC PETROLEUM is active in the field of renewable energy sources with a portfolio of 26 MW in operation and approximately 1,000MW in various development stages, including a 204MW PV project, one of the 5 largest in Europe. HELLENIC PETROLEUM is also active in the power and gas sectors. Power generation and trading activities are carried out through ELPEDISON, a JV with EDISON, which owns and operates two CCGT plants in Greece, totaling 810MW and is also present in the retail electricity market. The Group is present in the natural gas sector through its 35% stake in DEPA, which is the main natural gas importer and wholesale supplier in the country. DEPA has a strong presence in the distribution and supply business through its subsidiaries. DEPA is undergoing a transformation process with the partial demerger of the infrastructure sector and the spin-off of the international business sector, while it is renamed to DEPA Commercial. Both international tender processes for the sale of DEPA Infrastructure as well as of HRADF’s percentage on DEPA Commercial have completed phase I. HELLENIC PETROLEUM SA 2018 2019 Turnover 8,967,702,000 € 8,023,563,000 € Profit Before Taxes 669,577,000 € 350,093,000 € Gross Profit 680,006,000 € 460,366,000 € Total Equity 2,146,677,000 € 2,238,835,000 € Capital employed 3,648,930,000 € 3,832,720,000 €
Change (%) -10.5 -47.7 -32.3 4.3 5.0
I 135 I
DIAMONDS OF THE GREEK ECONOMY
2020
Petroleum Industrial Turnover 7,237,589,000 €
PROFIT BEFORE TAXES 316,995,000 €
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.
Enjoying a steady performance in 2019
Vardis Vardinogiannis, President of Motor Oil Hellas
Contact details 12A Irodou Attikou St., 151 24 Maroussi, Attica, Greece Tel: +30 210 8094000 Fax: +30 210 8094444 Website: www.moh.gr E-mail: info@moh.gr
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Motor Oil Hellas (MOH) is committed to being a leader in the petroleum refining business, providing its serving region with a reliable and affordable supply of energy. Through its evolution, MOH is now considered as one of the major contributors to the domestic economy and a key market player in the region. MOH is listed on the Athens Stock Exchange and is a constituent of the ATHEX COMPOSITE INDEX, FTSE/ATHEX LARGE CAP INDEX, as well as various sectoral indices. Furthermore, MOH is a constituent in the MSCI GREECE index and the FTSE4Good Index Series. The Refinery with its ancillary plants and off-site facilities forms the largest privately-owned industrial complex in Greece and is considered as one of the most modern refineries in Europe. Due to its flexibility, it can process crude oils of various characteristics and produce a full range of petroleum products, complying with the most stringent International Specifications, serving major petroleum marketing companies in Greece and abroad. In addition to fuels, MOH is the only Lubricants producer and packager in Greece. Base oils and finished lubricants are approved by International Organizations, ACEA, API, the US Navy & Army. The Refinery production facilities are located in Agii Theodori, in the province of Corinth, about 70 km outside of Athens. The Administration and the General Divisions of Marketing, Finance, Administration & Human Resources and Strategic Corporate Planning & Development are housed at the company Headquarters in a modern building in the Athens suburb of Maroussi. MOH’s Quality Management System is certified according to ISO 9001:2015 for production and delivery of fuels, lubricants, waxes and bitumen. Additionally, the environmental management systems are certified according to ISO 14001:2015, while the Health and Safety system is certified according to OHSAS 18001:2007. MOH’s Refinery is one of a handful of European refineries certified with these three certifications. The Company is totally committed to continuous quality improvement. Within the scope of this commitment, in September 2006 the Refinery’s Chemical Lab was certified according to ISO 17025:2005 by the National Certification System (ΕSΥD). The current accreditation is valid until September 2022. In addition, since 2007, within the framework of its commitment to continuous enhancement of Environmental Management, the Company voluntarily publishes an annual Environmental Statement according to European Regulation 1221/2009 (Eco-Management and Audit Scheme), verified by Bureau Veritas. In 2019, the group posted a slight drop in sales to €9.37 billion compared to €9.51 billion a year earlier. Net pre-tax profit dropped to €303 million from €355 million in 2018. The group’s industrial activity relates to sale of petroleum products produced at the parent refinery, while commercial activities concern the purchase of petroleum products from the international market and resale to customers in the domestic market and abroad. The group recorded a significant performance in exports, with sales volume to foreign markets and shipping accounting for 77.67 percent of total sales. Industrial activity accounted for 80.28 percent of total sales volume. MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. 2017 2018 Turnover 5,739,354,000 € 7,237,589,000 € Profit Before Taxes 422,310,000 € 316,995,000 € Gross Profit 548,136,000 € 400,635,000 € Total Equity 881,837,000 € 958,002,000 € Liabilities 1,385,192,000 € 1,223,365,000 €
Change (%) 26.1 -24.9 -26.9 8.6 -11.7
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DIAMONDS OF THE GREEK ECONOMY
2020
Supermarkets Commercial
SKLAVENITIS GROUP: 497 Stores, more than 29,000 Employees SKLAVENITIS, a Greek Group of Companies with more than 60 years of experience in the retail market, is the largest retail business in Greece.
Additionally, the Group operates: ● 39 Chalkiadakis Stores in Crete
Today, the SKLAVENITIS Company operates: ● 427 SKLAVENITIS Stores in Greece and 18 Stores in Cyprus
Approximately 29,000 employees serve more than 514,000 Customers on a daily basis.
● 6 Distribution Centers (for Dry Grocery, Fruit and Vegetables, Furniture, Household Equipment, Clothing and Footwear) ● 1 Production Center for Ready Meals ● 1 Production Center for Ice Cream
● 1 Processing and Packaging Center for Nuts, Dry Fruit and Spices ● 1 Processing Center for Meat
Contact details 136, Kifissou Av., 121 31 Peristeri, Athens, Greece Tel.: +30 214 1009999 Fax: +30 214 1009998
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● 13 The Mart wholesale Stores in 9 large Greek cities
Since 1954, the SKLAVENITIS Company consistently applies the same three-fold commercial strategy: excellent-quality products, prices lower than anywhere else and friendly Customer Service. SKLAVENITIS keeps on growing based on their respect to the Customer. Their Vision is to be a role model in the Supermarket sector, to be the best Supermarket chain, to be the best in all their activities.
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DIAMONDS OF THE GREEK ECONOMY
2020
MISCELLANEOUS Commercial Turnover 583,501,179.00 €
PROFIT BEFORE TAXES 116,266,628.00 €
JUMBO SA
Seeing group sales rise to €900m
Apostolos - Evangelos Vakakis, BoD Chairman
Contact details 9 Kyprou St. & Idras St., 18346, Moschato, Αttica, Greece Τel.: +30 210 48 05 200 Fax: +30 210 48 05 212 E-mail: jb@jumbo.gr Website: www.jumbo.gr
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In 1986, a new toy store named Jumbo was launched in Athens, offering customers joy, fun and carelessness. Today, 34 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 enjoys 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. During its 34 years of operation, the Company has developed into one of Greece’s largest retailers. The Group currently operates 79 stores, as well as an online e-shop in Greece, Cyprus, Bulgaria and Romania. Of these stores, 52 are in Greek territory, 5 in Cyprus, 9 in Bulgaria and 13 in Romania. The firm employs a total staff of 6,644. In addition to adding more stores, the company also focuses on the organization of appropriate and safe infrastructure, investing in modern storage spaces. It currently operates several privately-owned, state-of-the-art warehouse complexes in Greece and Cyprus (Limassol), as well as a leased warehouse in Bulgaria. Jumbo Group’s total floor space of privatelyowned warehouses is approx. 390,000sqm. In the period 7/2018 - 6/2019, the company posted sales of €676 million compared to €632 million a year earlier. The group, in the same period, recorded a rise in turnover to €812 million compared to €753 million. The company’s pre-tax profit rose slightly to €129.3 million from €124.3 million. Respectively, Group pre-tax profit also rose to €211 million against €197 million. Sales per type of item in 2019 were as follows: toys 22%, children’s bookstore 6%, stationary 2%, seasonal 23%, home products 34%, haberdashery and related items 8% and baby products 5%.
YEARS OF 47 EXPERIENCE
F. AVLONITIS SA
MATTRESS FACTORY IN CORFU SINCE 1973
CONTACT US
� +30.26610.90871 - 2 info@imperialstrom.com
www.imperialstrom.com
/imperialstrom
/imperial_strom
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DIAMONDS OF THE GREEK ECONOMY
2020
Supermarkets Commercial Turnover (2018) 1,986,336,000 €
PROFIT BEFORE TAXES (2018) 54,006,000 €
AB VASSILOPOULOS
A leader in Greece’s food retail
Enjoying a leading role in the food retail sector, AB Vassilopoulos adheres to a sustainable growth path, having developed a wide network of more than 510 stores, while employing more than 14,550 associates. Guided by its brand purpose and its corporate values, the company aspires to give its best to make a difference in people’s lives. As a reliable corporate and societal partner, AB Vassilopoulos focuses on offering excellent quality, a wide variety, and a high level of customer service. Throughout the past 8 decades, AB Vassilopoulos actively implemented integrated investment programs, contributing dynamically to the Greek primary sector’s development as well as to the national economy. At the same time, it is committed to Sustainable Footprint initiatives, responding to the needs of local communities in which it operates. Therefore, AB Vassilopoulos’ people are dedicated to designing and implementing innovative programs for the support of the local communities in need, in promoting healthy eating habits, in assuring product integrity, in protecting the environment, while also supporting local producers across Greece. To that end, the company implements the “Trofima Agapis” (Love Food) initiative, offering food products and essentials that are close to expiration date, but safe for consumption, to thousands of households in need, in collaboration with highly-esteemed NGOs “Greek Food Bank” and “Boroume”. The Program supports over 123,000 people from 250 local institutions and NGOs. Since 2013, a total of 3.4 million meals have been donated, of an estimated worth of €10.2 million. Moreover, the company actively contributes to DIATROFI program, led by the Prolepsis Institute, through which healthy meals are offered daily to thousands of underprivileged primary school students across Greece. Since the beginning of the Program in 2014, and by the end of the 2020 school year, the total amount of healthy meals offered will exceed 1.1 million.
Contact details 81 Spaton Ave., 15344, Athens, Greece Tel: +30-210-6608000 Fax: +30 210 6048609 Website: www.ab.gr
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Recently, in the context of educating the younger generation on environmental and recycling issues, AB Vassilopoulos introduced a global, groundbreaking innovation: the “Center of Environmental Education and Recycling”, a double deck bus that travels all over the country, conveying the message of Recycling. The innovative bus has already visited more than 27 municipalities and educated more than 22,000 students. More than 50,000 product packaging have been recycled in 2019. In addition, over 15 million product packaging have been recycled in the past 5 years (2014-2018) through the 88 Integrated Recycling Centers found in AB Vassilopoulos stores across Greece.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ALFA - BETA VASSILOPOULOS 2017 2018 2,100,319,000 € 1,986,336,000 € 88,508,000 € 54,006,000 € 531,612,000 € 512,638,000 € 406,948,000 € 400,503,000 € 660,756,000 € 605,268,000 €
Change (%) -5.4 -39.0 -3.6 -1.6 -8.4
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DIAMONDS OF THE GREEK ECONOMY
2020
Aluminium and copper Industrial
ELVALHALCOR
Aluminium and copper processing experts
Contact details www.elvalhalcor.com info@elvalhalcor.com
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ElvalHalcor is a modern and dynamic non-ferrous metals processing industry with a global presence and high expertise in the aluminium and copper sectors. Over 80 years of history and experience, ElvalHalcor’s extrovert commercial presence globally, continuous innovation and constant investment in research and technology, along with a customer-focused philosophy, have led ElvalHalcor to the top of the global aluminium and copper market. ElvalHalcor is listed on the Athens Stock Exchange (ELHA). ElvalHalcor is an export-driven company with 81.7% (2019 data) of its turnover, allocated to markets outside Greece. The Company has a strong production base across 15 industrial units in four countries, a market presence in over 100 countries, and highly experienced and specialised personnel. ElvalHalcor is active in many dynamic, growing markets, including: ● Packaging (food and beverage) ● Road, sea and rail transportation ● Automotive ● Heating, ventilation, air conditioning and refrigeration (HVAC&R)
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●B uilding and construction ●R enewable energy ● E nergy and power networks ● Water supply ● I ndustrial and engineering applications. ElvalHalcor is a key player in the nonferrous metals industry. It effectively navigates the challenges of an evolving business environment whilst generating value to stakeholders through sustainable growth and development. For more information, please visit the corporate website: www.elvalhalcor.com Aluminium segment With state-of-the-art production facilities in Greece and a dynamic commercial presence across all key geographies, the aluminium segment is well positioned in the global metals industry. The aluminium segment comprises of the aluminium rolling division, under the Elval brand name, and aluminium processing subsidiaries Symetal, Elval Colour, Vepal, Anoxal and Viomal. We offer a wide variety of aluminium products and solutions, including coils, strips, sheets and foil for various applications and architectural
›››››› and industrial profiles. Aluminium rolling division A worldwide leading aluminium rolling mill. Through continuous investment in R&D and an established global commercial network, Elval offers reliable, innovative and competitive solutions that meet the most demanding requirements of global customers. Elval processes, manufactures and markets flat rolled aluminium products and solutions for diverse and demanding applications. Elval offer solutions for a complete range of coated aluminium products used in the packaging industry (food and beverage), building and construction, sea, road and rail transportation, energy and power networks, industrial and engineering applications and HVA&R industries. Elval’s aluminium rolling production unit is certified with the international standards ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, IATF 16949:2016 and ISO 50001:2011. Also in 2019 Elval became a member of the international
initiative ASI (Aluminium Stewardship Initiative). Copper segment Viohalco produces a wide range of copper, brass and highperformance copper alloys through its copper tubes division (Halcor), and its subsidiaries Fitco (Greece), Sofia Med (Bugaria), Epirus Metalworks (Greece), Cablel Wires (Greece), and the joint ventures NedZink (the Netherlands) and HC Isitma (Turkey). ElvalHalcor provides a wide range of copper and copper alloy products, ranging from copper tubes for building and HVAC&R, renewable energy, architectural and industrial applications, to copper and copper alloy sheets and strips for architectural and ventilation, heat exchangers, solar panels and other industrial applications, as well as all types of coin blanks and rings for bi-colour coins and a wide range of enameled wires. The copper segment operates efficient manufacturing facilities in Greece and Bulgaria as well as in the Netherlands for zinc products,
allowing its companies to cater to the specific needs of their customers. Copper tubes division Halcor is a leader in the European copper tubes market. The Company is the sole copper tubes producer in Greece and one of the largest in Europe, and has a dynamic commercial presence across European and global markets. Halcor’s products are available in more than 60 countries around the world. Halcor offers innovative and high added-value solutions that meet wide-ranging customer demands in fields, such as building, HVAC&R, renewable energy, engineering and industrial production. It has two state-of-the-art and technologically advanced production plants at Oinofyta, Greece, characterised by their ability to deliver tailor-made product solutions. Halcor’s copper tubes production unit is certified with the international standards ISO 9001:2015, ISO 14001:2015, ΟHSAS 18001:2007, and ISO 50001:2018.
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DIAMONDS OF THE GREEK ECONOMY
2020
Telecommunications Commercial Revenues 3,907.6 M €
ADJUSTED EBITDA
Michael Tsamaz, OTE Group Chairman and CEO
Contact details 99 Kifissias Ave., 15124, Maroussi, Athens, Greece Tel.: +30 210 6111000 Website: www.cosmote.gr
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Greece’s technology powerhouse OTE Group is the largest technology company in Greece. It is one of the top three listed companies with respect to capitalization, in the Athens Stock Exchange and is also listed in the London Stock Exchange. Deutsche Telekom holds 46% of OTE’s share capital and the Greek State holds 5.5%. OTE Group employs approximately 12,500 people in Greece and approximately 20,000 people in total. OTE Group offers a wide range of services: fixed and mobile telephony, broadband services, pay television and integrated ICT solutions. In addition to its core telecommunications activities, the Group in Greece is also involved in maritime communications and real-estate. Abroad, the Group operates in the telecommunications market of Romania, where it offers fixed-line and mobile communications, as well as pay TV services. COSMOTE is the unified commercial brand for all the products and services of the Group and its key message is “a better world, for all”. Its mission is to bring technological capabilities to all, so that everyone can live and enjoy at the fullest all possibilities offered now, while also building on them for a better tomorrow.
1,364.1 M €
OTE GROUP
Telecommunications infrastructure OTE Group invests heavily in New Generation Networks, creating infrastructure which will boost the Greek economy and create growth potential. It is the largest investor in new technologies and infrastructure in Greece, having invested €4.7 bn over the past decade. Furthermore, the Group implements a four-year €2 bn. investment plan to offer even higher speeds and wider coverage in fixed and mobile telephony. Thanks to these investments, COSMOTE Fiber is the largest fiber optic network in Greece, providing over 50 % of the country’s population with access to speeds of 100Mbps or higher. By the end of 2019, OTE Group had installed more than 75% of the country’s Fiber To The Home lines, accomplishing a very important goal: Providing access to more than 150.000 households
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and businesses with guaranteed internet speeds with 100% fiber optics. OTE Group’s goal is for FTTH coverage to reach gradually 1 million by 2022. In mobile telephony too, OTE Group breaks new ground by constantly developing its networks. It is by far the No1 in Greece in terms of population coverage, with its 4G and 4G+ LTE Advanced technology network, reaching 99% and 96% respectively. At the same time, the Group is intensively preparing for 5G, the next generation of wireless communication. From 2015, it has contributed to the design and development of new 5G technologies, infrastructure and services, with its dynamic participation in European research projects, while COSMOTE has implemented the first trial network of 5G in the Municipality of Zografou, in Attica, achieving live speeds above 12Gbps. Financial Data For 2019, the Group announced turnover of €3,907 mil. Increased by 2.9%. Adjusted EBITDA reached €1,364.1 mil. and the adjusted EBITDA margin further increased by 2 bps, at 34.9%. The adjusted free cash
›››››› flow increased by 41.6% at €488.1 mil. The Group’s adjusted Net Debt remained at €0.7bn, which corresponds to 0.6 times the Group’s annual adjusted EBITDA. It is worth noting that in 2019 OTE Group raised €500 mil. from international capital markets by issuing a coupon set at 0.875% p.a., the lowest achieved in its history.
Revenues Adjusted EBITDA Adjusted Free Cash Flow Adjusted Net Debt
OTE GROUP REPORT 2019 2019 (€ mn) 2018 (€ mn) Change (%) 3,907.6 3,798.7 +2.9% 1,364.1 1,316.8 +3.6% 488.1 344.7 +41.6% 648.8 738.8 -12.2%
Sustainable growth OTE Group exploits the power of technology in order to create a better world for all. Sustainable growth is an integral part of the Group’s business strategy and the sustainable growth principles are integrated into its operation, through which it contributes to the economy, the society and the environment. In 2019, Group’s social contribution amounted to approximately €3.7 mil. The focus of its activities was the development of digital skills for people of all ages, as well as meeting society’s core needs by supporting vulnerable social groups, children, education, entrepreneurship, local communities, culture and sports.
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DIAMONDS OF THE GREEK ECONOMY
2020
Tobacco Products Industrial Turnover 320,894,686 €
PROFIT BEFORE TAXES 33,883,666 €
Mr. Christos Harpantidis, Chairman & Managing Director, Papastratos announces the big target for 1 mio less smokers in Greece by the end of 2021
Papastratos S.A.
Papastratos #prostokalytero
Contact details Imeros Topos, Location Kororemi, Aspropyrgos 193 00, Greece Tel.: +30 210 41 93 000 Fax: +30 210 41 93 821 Email: papastratos@pmi.com Website: www.papastratos.gr Connect with us: Facebook LinkedIn
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Papastratos Today Papastratos, an affiliate of Philip Morris international (PMI), has been a leader in the production and commercialization of tobacco products in Greece for nine decades. In 2017, Papastratos turned the page in its long history and took a leading role in the radical transformation of the tobacco industry and the implementation of PMI’s vision for a smoke-free world for the benefit of adult smokers who have chosen to continue smoking. With a significant investment of € 300 million, Papastratos transformed in 2018 its factory in Aspropyrgos into an exclusive heated tobacco sticks production unit for the new, potentially reduced risk product, IQOS, the first PMI heat not burn product. This investment generated 400 new job positions, boosting employment in Greece. By March 31st, 2020, approximately 10.6 million adult smokers around the world and more than 230.000 in Greece have switched to the new technology, which is now available in 53 countries. In April 2019, the US
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Food and Drug Administration (FDA) authorized the marketing of IQOS in U.S.A as appropriate for the protection of the public health. In this transformation road for a smoke free future Papastratos supports important smoke-free initiatives, that declare the intention to leave cigarette behind. Smoke Free TIF, Smoke Free Astypalea and Smoke Free Delphi Forum are some of them. In February 2020, Papastratos initiated a publicly announced and call to action target for a smoke free society: the ambitious goal of reducing the number of Greek smokers by one million by the end of 2021. Papastratos invited the State, the society and the scientific community to take part in this collective effort. Papastratos has been named as the “No 1 Most Admired Company in Greece” and the “No 1 Most Admired Industry” by Fortune Magazine, and is the first certified “SmokeFree” company in Greece by TÜV Austria Hellas.
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Papastratos team at the ceremony of 20 fire engines donation to the Fire Brigade
Employees at the core Its people are a crucial factor in the business success of Papastratos. Apart from the competitive remuneration benefits, the company maintains ongoing investment in employee career development, in the promotion of talented individuals and the search for competent professionals. Papastratos has been repeatedly recognized as an exceptional workplace by the Great Place to Work®Institute Hellas and as a top employer by the Top Employer Institute and has also received many awards for its employee development programmes. Papastratos is the first Greek company to receive the Equal Salary certification, ensuring equal opportunities for all employees in the workplace. Α focus on Society As well as taking care of its people, Papastratos also cares for the wider community and the country. Papastratos has consistently implemented an extensive Corporate Social Responsibility program to relieve vulnerable social groups and support society in crucial times. Recent society activation includes the
donation of five speedboats to the Hellenic Coast Guard and the donation of 20 fire engines to the Fire Brigade. Papastratos had also an active role during the Covid-19 crisis by donating 50 ventilators for Intensive Care Units, more than 800.000 protective masks, 1.5 million gloves, 21.000 meals, food supplies and educational equipment on occasions where there was a need. Additionally, more than 240 Papastratos employees participated in the Voluntary program of the Municipalities “Help at Home”, facilitating the distribution of food and medicine supplies to vulnerable groups during the lockdown. This multi-faceted corporate social responsibility plan represents an expenditure of more than EUR 5 million since 2009.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PAPASTRATOS S.A. 2017 262,834,307 € 251,284,290 € 52,443,529 € 288,340,211 € 354,433,692 €
2018 320,894,686 € 33,883,666 € 119,100,363 € 310,986,902 € 258,017,013 €
Change (%) 22.1 -86.5 127.1 7.9 -27.2
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DIAMONDS OF THE GREEK ECONOMY
2020
Insurance Commercial
Ethniki, Hellenic General Insurance Co. S.A.
A leading force in the insurance sector for 129 years
Christoforos Sardelis, Chairman of BoD, Ethniki Insurance
Contact details 103-105 Syggrou Ave., 11745, Athens, Greece Tel.: +30 2130 318189 Fax: +30 210 9099111 Website: www.ethniki-asfalistiki.gr/
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Established in 1891, “Ethniki Insurance” is the oldest insurance company in Greece being the leader of the Greek Insurance industry and a powerful reference point in the public consciousness. The Company’s name has become synonymous to real assurance and incorporates the timeless values of reliability, ethos, safety, trust and respect. Member of NBG Group – 100% owned by the National Bank of Greece, “Ethniki Insurance” improves its infrastructure to provide quality services, pays claims to insured members of more than €1 million per day and has over 1,000,000 policyholders. In addition, “Ethniki Insurance” adopts a Customer-oriented philosophy, with continuous measurement of customer satisfaction, research and development of services & new products, supports the Education, Arts & Culture and the Environmental sustainability by contributing to local initiatives. “Ethniki Insurance” always stands by the people, covering every need, with modernized structures and dynamic sales networks of 145 Line offices, staffed by 1,846 insurance consultants and 1,369 co-operating Broker offices across Greece. “Ethniki Insurance” 2019 results “Ethniki Insurance” (Hellenic General Insurance Co. S.A.) extended its profitable course in 2019, with pre-tax earnings 81,6 million euros. The company’s total production in year 2019, reached 740,6 million euros in total compared to 600 million euros in year 2018. The above are more closely reflected on the increase in Life Insurance premiums by 31,3% to 572,6 million euros compared to 436 million euros in year 2018. The Company’s firm commitment to further improving capital adequacy has resulted in exceeding the Solvency Index by 100% without the use of the transitional measure for technical provisions, with the corresponding indicator now rising to 134% at 31.12.2019. With the use of transitional measures and volatility adjustments, the Solvency II Index at 31.12.2019 stood at 181%. While remaining loyal in its values and its people centered approach, “Ethniki Insurance” is continually improving its infrastructure, aiming at the creation of innovative insurance programs and the provision of outstanding services which are constantly improving, and modernizing, in order to meet current requirements of its policyholders. Good performance at the level of profits and capital allow “Ethniki Insurance” to keep up its social contribution by being the major sponsor of “No Finish Line” in April 2019, which was the biggest charity race ever to be staged in Greece, with the aim of supporting the program for feeding poor families with minors, implemented by the nonprofit Association “Together for Children”. In addition, during the last year, “Ethniki Insurance” has carried out over 50 actions supporting vulnerable groups in society, health, culture and sports.
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DIAMONDS OF THE GREEK ECONOMY
2020
Transportation Services Commercial Turnover 195,744,619 €
PROFIT BEFORE TAXES 30,846,535 €
PIRAEUS CONTAINER TERMINAL S.A.
Making Piraeus port a reference point
Contact details Sembo Neo Ikonio, 188 63, Perama, Attica, Greece Te.l: +30 2104099100 Fax: +30 2104099101 Website: www.pct.com.gr E-mail: info@pct.com.gr
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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. PCT is principally engaged in the development, operation and commercial utilization of the existing Pier II and Pier III. 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 has 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 698 meters, with a depth of 16.5 meters, while Pier II’s east-side quay length is 787 meters, with a depth of 14.5 meters. Pier II has 10 QC cranes on east side and 8 QC cranes on the west side. Throughput of Pier II is 3.2 million Teus. Pier III’s east-side quay length is 600 meters with a depth of 18.5 meters, while the west side has an operational quayside of 762 meters and a depth of 19.5 meters. East side holds 5 QC cranes and west side 8 QC cranes. Throughput of Pier IIΙ is 3 million Teus. PCT has an enormous supporting container stacking area – paved with concrete blocks and designed for an annual capacity of about 5.5 million TEUs. The stacking blocks will be served by units of state-of-the-art automated rail-mounted gantry cranes (RMGs). Also, there will be plug points for refrigerated containers. In 2019, the company posted a rise in sales to €228 million compared to of €195 million a year earlier. Notably, the main source of revenue, by far, was for another year cargo unloading, followed by storage, control services, etc. Gross profit also rose to €50.9 million in 2019 compared to €41.3 million in 2018. Net pre-tax earning amounted to €34.8 million against €30.8 million a year earlier.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PIRAEUS CONTAINER TERMINAL S.A. 2017 2018 162,459,591 € 195,744,619 € 25,275,460 € 30,846,535 € 37,626,461 € 41,310,453 € 197,763,133 € 199,325,834 € 325,632,764 € 346,109,682 €
Change (%) 20.5 22.0 9.8 0.8 6.3
Building every day
the most important piece...
Online Shipping News City Plaza, Λ. Βουλιαγµένης 85, 16674, Γλυφάδα info(at)pencilteam.com, Tηλ. Κέντρο: 212 102 1628 I 153 I
DIAMONDS OF THE GREEK ECONOMY
2020
Food Products Industrial Turnover 131,002,000 €
PROFIT BEFORE TAXES 23,754,000 €
CHIPITA S.A.
A Greek industry with a dynamic global presence
Spyros Theodoropoulos, CEO
Contact details 12th km Athens-Lamia National Road, 144 52, Metamorfosi, Attiki, Greece Tel.: +30 210 2885000 Fax: +30 210 2885036 Website: http://www.chipita.com
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Chipita was established in Greece in 1973 as a company producing and marketing savoury snacks. The main products back then were our Extra cheese-flavoured corn snacks, subsequently followed as of 1988 by potato chips. In 1991, the market saw the arrival of our 7DAYS croissant followed shortly thereafter by the 7DAYS mini croissant. A few years later- in 1995- the innovative savoury Bake Rolls hit the markets, rapidly establishing themselves as consumers favorite. At about the same time, Chipita started establishing itself as the international company it remains today, either by setting up its own subsidiaries or by entering into strategic partnerships, either with major international or with strong local companies. Thus, Chipita has been operating outside Greece since 1996 by setting up manufacturing plants in Bulgaria, Poland, Romania, Russia and Saudi Arabia, and more recently in Turkey, Malaysia, Mexico, India and Slovakia (2020). In addition it has also set up offices in 11 countries: Czech Republic, Germany, Hungary, Serbia, Slovakia, Croatia, the Baltics, Georgia, Ukraine, Belarus and United Kingdom. Chipita is currently present internationally in 3 major product categories - croissants and similar dough products, bread based baked snacks (Bake Rolls) and other products. The firm’s international brands are: 7days, Fineti and Chipicao. Local brands are: Molto, Spinspan, Chipita Chips, Tsipers and extra. Our products are produced in 14 manufacturing sites in 11 countries, and are distributed to consumers to a total of 56 countries globally, either directly or indirectly through strategic partnerships. More specifically, in Greece the company operates 2 manufacturing plants (in Lamia and Larissa). It operates one plant in Bulgaria (Sofia), one in Turkey (Istanbul), one in Romania (Bucharest), one in Poland (Tomaszów Mazowiecki), one in Russia (Saint Petersburg) and one in Slovakia. In addition, a number of production facilities operate through strategic partnerships in four countries, comprising 6 plants and 12 production lines, based in Saudi Arabia, India, Malaysia and Mexico. The company uses the best raw materials available and applies rigorous quality controls throughout the production process in order to provide safe, top quality products. Chipita has implemented the following standards and systems: ISO 22000:2005 Food Safety Management System, ΑΙΒ Standards (American Institute of Baking), IFS Food System (International Featured Standard) and HACCP (Hazard Analysis and Critical Control Point). Showing its social character as a company, Chipita made a series of investments during the three years 2016-2018, valued at of €750,000, with the ultimate goal being to reduce the environmental footprint in all production units through coordinated action. Indicatively, in 2018, the firm reduced power consumption per kg of product produced by 1.2% compared to 2017. In the same year, it also cut water consumption per kg of manufactured product by 7.9%. In 2018, the company recycled 4,099 tons of paper. In 2018, the Group reported an increase in sales to €510.2 million against €461.0 million a year earlier. Company sales also rose to €131.0 million against €117.9 in 2017. Group pre-tax profit in the same year dropped to €19.7 million from €34.3 million a year earlier, and Company pre-tax profit also dropped to €23.8 million from €38.3 million.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
CHIPITA S.A. 2017 117,883,000 € 38,325,000 € 34,213,000 € 386,409,000 € 290,432,000 €
2018 131,002,000 € 23,754,000 € 37,420,000 € 401,483,000 € 297,373,000 €
Change (%) 11.1 -38.0 9.4 3.9 2.4
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DIAMONDS OF THE GREEK ECONOMY
2020
Chemical Products Industrial Turnover 78,625,356 €
PROFIT BEFORE TAXES 19,443,795 €
Dow Hellas S.A.
Operating in Greece since 1960
Dimitris Nikolaidis, Country Leader Greece
Contact details Atrina Center, 32 Kifisias Ave., Marousi 15125, Greece Tel.: +30 214 444 9910 Website: www.dow.com https://www.facebook.com/TheDowChemicalCompany https://www.facebook.com/DowEurope https://www.twitter.com/DowChemical https://www.linkedin.com/company/dow-chemical
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About Dow Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company’s ambition is to become the most innovative, customer-centric, inclusive and sustainable materials science company. Dow’s portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure and consumer care. Dow operates 109 manufacturing sites in 31 countries and employs a total of approx. 36,500 people. The firm delivered sales of approx. $43 billion in 2019. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter. Dow Hellas SA, a subsidiary of The Dow Chemical Company, was established in Greece in 1960. The company supplies regional customers with a diverse range of basic and specialty raw materials, plastics and chemicals for packaging, infrastructure and consumer care. 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 launch of the Sustainability Goals 2025, it remains committed to applying science expertise to create sustainable solutions to some of the world’s greatest challenges. Dow Hellas was ranked in the “Business Leaders of Greece” and also featured in the “Diamonds of the Greek Economy 2019” as a company that is “Capturing Value and Delivering Superior Performance”. In 2017, Dow Hellas was also awarded as “best place to work” by the Top Employers Institute.
Dow Hellas S.A. 2017 Turnover 68,557,237 € Profit Before Taxes 16,385,524 € Gross Profit 20,044,980 € Total Equity 25,746,876 € Liabilities 10,357,936 €
2018 78,625,356 € 19,443,795 € 21,568,612 € 27,525,612 € 9,253,490 €
Change (%) 14.69% 18.66% 7.60% 6.91% -10.66%
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DIAMONDS OF THE GREEK ECONOMY
2020
Supermarkets Commercial Turnover 829,817,000€
PROFIT BEFORE TAXES 11,710,000€
Diamantis Masoutis S.A.
Operating 332 stores across Greece
Contact details 14th Km Thessaloniki-Vasilikon Rd, 57001, Thermi, Thessaloniki, Greece Tel: +30 2310 803 803 Fax: +30 2310 803 804 E-mail: info@masoutis.gr Website: http://www.masoutis.gr
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The story of DIAMANTIS MASOUTIS S.A. started in 1976, when Diamantis Masoutis established the first company store in the heart of Thessaloniki. In 2018 Masoutis expanded to Attica and Andros, carrying out the biggest buyout in its history. The expansion helped the company reinforce its capacity throughout Greece, where it was already one of the most important forces, as the market leader in Northern Greece. The firm, operating a network of 332 stores, is active in the regions of Eastern Macedonia & Thrace, Central Macedonia, Western Macedonia, Epirus, Thessaly, Western Greece, Central Greece, Attica, North Aegean, and South Aegean. The company employs a staff of more than 8,500. Following many years major investment in IT and Communications, the company has created infrastructure that guarantees high availability, business continuity, data security, data validity, and a high level of security. The company’s innovation has been based on complete knowledge of business needs, excellent knowledge of new technologies, comprehensive management support, and daring. Masoutis has one of the largest and most modern Storage and Distribution Centres in Greece and the broader Balkan region, located in Kavalari, Thessaloniki, as well as a storage facility in Markopoulo, Attica, offering high-quality storage, distribution, and quality assurance services. The firm applies an integrated internal and external Corporate Social Responsibility strategy. The company has integrated social, environmental, ethical, consumer, and human rights concerns into its business strategy and operations. The internal strategy concerns the relationships with employees and the external strategy concerns the relationships with external stakeholders. Enjoying continuous growth, the company is creating new jobs, in turn supporting the economy, local communities and producers. The number of employees increases each year, even in recent times when the financial crisis affected all sectors of the economic and social life of professionals and consumers. This trend continued even after COVID-19 pandemic. While many other industries are struggling due to COVID-19, our company is seeing increased demand which leads to increased demand workforce. During this period, our company developed the operation of e-shop for the better servicing of our customers during the months (or period) that the country was in quarantine. The operation of e-shop continues and finds a great response. In order to comply with the protection rules these days, many other alternative ways of ordering and delivery for consumers have been offered. The company has a very intense corporate responsibility activity, having invested over the last 5 years approximately 2.5 million Euros in this sector, implementing important programmes, such as “Together, wherever there is need”, which is implemented together with “Apostoli” charity organisation, run by the Archdiocese of Athens. Since 2012, Masoutis has been featured in the list of the top 10 companies with the best work environments in Greece, at the Great Place to Work awards, while since 2013 it has also stood out at similar awards in Europe. A Masoutis staff Blood Bank has been operating since 1993 at Ippokrateio General Hospital in Thessaloniki. Two blood donations are held every year at company facilities. The company organises and participates in many actions for charities and the environment, offering help to many vulnerable social groups. Masoutis supports local producers and Greek products, as up to 97% of the company’s private label products, “Mr Grand”, “Masoutis from our land”, “Masoutis Organic Choices”, and “First Class”, are produced in Greece.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Diamantis Masoutis S.A. 2018 2019 770,349,000 € 829,817,000€ 14,033,000 € 11,710,000€ 179,495,000 € 198,134,000€ 105,662,000 € 98,072,000€ 473,951,000 € 540,765,000€
Change (%) 7.7 -16.6 10.4 -7.2 14.1
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DIAMONDS OF THE GREEK ECONOMY
2020
Courier & Postal Services Commercial Turnover 110,079,036 €
PROFIT BEFORE TAXES 13,200,125 €
Apostolos Georgantzis, CEO, ACS Courier and Postal Services & CEO, Quest Holdings
Contact details 25 Asklipiou St., 14568 Kryoneri, Attiki, Greece Tel.: +30210 81 90 000 Fax: +30210 8190 311 Email: info@acscourier.gr Website: https://www.acscourier.net
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ACS Single Member S.A.
People come first ACS, a Quest Group company, has been active in the Greek market since 1981 and is the largest and most modern Greek company in the courier field, while in the last years it has dynamically entered the field of Postal Services. The company has the largest courier network in Greece, with more than 600 service points (in Greece, Cyprus, Albania and Bulgaria), 3,000 specialized employees, more than 30,000sqm of operational and storage areas, and an ISO 9001 and ISP 14001 certification. Constantly investing in infrastructure, every year ACS manages more than 50 million of shipments and covers 100% of the country with its own National store network, while for overseas shipments it has established collaborations with large international companies. In addition, ACS works with international courier and transport networks, in order to handle shipments, either in Greece, acting as agent, or abroad. Aiming to have its customers in the center of its business model, by always offering them the best possible service, ACS has put in place the best organization and knowhow in its sector, with the most modern infrastructure in computer equipment and automated system for the sorting / monitoring of deliveries. The company constantly invests in infrastructure and the design of new pioneering services and products, both for the Courier and the Mail Postal market, aiming at covering the daily communication needs of hundreds of thousands of businesses and individuals, fast, securely and reliably. Since 2013, ACS has received very important awards for its innovative services and efficient operation, as well as in the areas of CSR and Sustainability: 2013 Environmental Awards - Bronze Award for the ACS ECO friendly vehicles. 2014 Transport & Logistics Awards Gold Award for the ACS Web Business Tools provided to e-shops. 2014 e-volution Awards - Gold Award for the ACS Web Business Tools.
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2015 Transport & Logistics Awards Gold Award for the ACS Advanced Business Post services provided to WIND, regarding its telecom bills distribution. 2015 Lighthouse e-volution Awards Gold Award for the ACS Automated CashOn-Delivery System provided to e-shops. 2016 Lighthouse e-volution Awards Silver Award for the ACS ReDirect Web Mobile Service provided to recipients (so they can reschedule online the time or place of delivery) and Silver Award for the ACS Smart Point automated pick-up lockers operating in Shell gas stations. 2016 e-BΙΖΖ Awards - «Logistic Solution of the Year» Award for the ACS Smart Points. 2016 Responsible Business Awards – Gold Award in the category “Responding to Emergency” for free transport of first aid material to refugee camps in Greek islands. 2016 Transport & Logistics Awards – Gold Award for the ACS Smart Points. 2017 BRAVO Sustainability Awards – Distinction in the Bravo Market category (for the innovative solutions provided to e-shops), as well as in the Bravo In Action category (for all first aid material shipped to refugee camps in the Greek islands). 2017 e-BIZZ Awards - «Logistic Solution of the Year» Award for ACS ReDirect Web Mobile Service. 2017 Lighthouse e-volution Awards – Bronze Award for the ACS Card on delivery service. 2018 Responsible Business Awards – Gold Award in the category «Best Cooperation with Non-Governmental Organisations» in Greece. 2018 Supply Chain Awards – Gold Award for the ACS Card on delivery service. 2018 e-BIZZ Awards - «Logistic Solution of the Year» Award for for the ACS Card on delivery service. 2018 Mobile Excellence Awards – Silver Award for the innovative ACS Mobile Appli-
›››››› cation (for Android as well as Apple mobile devices). 2018 e-volution Awards – Bronze Award for the innovative ACS Mobile Application. 2019 e-BIZZ Awards - «Logistic Solution of the Year» Award for the innovative ACS Mobile Application. 2019 Most Admired Companies (by Fortune Greece) – ACS made it to the final 20 top list of the Most Admired Companies in Greece, issued by the Fortune magazine. 2019/2018/2017 True Leader of the Greek Economy (by ICAP) - Distinction for ACS as the strongest and healthiest company financially in the courier Industry. 2019/2018/2017 Leaders of the Greek Economy (by Direction Business Network) - Distinction for the leading position of ACS in the courier market, based on objective economic indicators and criteria. 2019/2018/2017 Diamonds of the Greek Economy (by New Times Publishing)– Distinction for ACS as the strongest and healthiest company financially in the courier industry.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ACS Single Member S.A. 2018 2019 102,590,744 € 110,079,036 € 12,323,770 € 13,200,125 € 28,286,445 € 30,348,015 € 31,638,796 € 37,291,034 € 24,709,751 € 31,721,805 €
Change (%) 7.3 7.1 7.3 17.9 28.4
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DIAMONDS OF THE GREEK ECONOMY
2020
DEMO S.A.
PHARMACEUTICALS
Leading quality in injectables worldwide
Industrial Turnover 138,215,108 €
PROFIT BEFORE TAXES 13,012,875 €
Dimitrios Demos, Vice President
Contact details 21st km Athens-Lamia National Road, 14568, Krioneri, Attica, Greece Tel.: +30 210 8161802 Fax: +30 210 8161587 E-mail: info@demo.gr Website: http://www.demo.gr/
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DEMO SA is one of the major pharmaceutical manufacturers in Greece with a very strong presence in the hospital market, ranking first among all the Greek pharmaceutical companies in terms of units sold. With its four (4) state-of the-art manufacturing units covering a total floor space of 57,000sqm, as well as its high-tech storage facilities in Athens and Thessaloniki and a staff of more than 960, DEMO is among NE Europe’s leading pharmaceutical companies. The Company’s product portfolio includes injectable generic pharmaceutical formulations of all forms such us Liquid injectables in glass ampoules, vials & bottles, sterile powders and freeze-dried formulations, Lyophilised products, Emulsions, Penems, Penicillins, Cephalosporins. DEMO activities span as many as 96 countries in Europe, Asia, Africa, Latin America, Oceania & the Middle East. The firm’s cutting-edge production facilities allow it to offer services such as: ● Worldwide distribution opportunities ● Out-licensing services ● Contract manufacturing operations. DEMO intends to maintain its leading position in the Greek pharmaceutical industry while further establishing its role as one of the top manufacturing companies worldwide. The modern and fully-equipped manufacturing premises, the advanced technologies it has adopted, the constant product portfolio expansion and the international presence are the means to this end. The Company has been investing heavily in the creation and sourcing of a state-ofthe-art Research & Development laboratory which spans more than 1,700sqm, equipped with the latest instruments and staffed with top University graduates. Under the supervision of highly qualified researchers – most holders of PhD titles from highly-acclaimed European universities – the R&D lab represents the company’s launching pad for the future.
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The firm’s International Sales Division has a long history of successful participation in international tenders procured by the most accredited organizations worldwide. Today, it has a global sales network with its own products in 85 countries, including countries in Europe, Asia, Africa, Latin America, Oceania, and Middle East with a significant market share in many of them. Since the end of 2013, the firm has presence in Germany through Munich-based subsidiary DEMO Pharmaceuticals GmbH. The global operation of DEMO has led the company to export 82% of units produced, while it is worth noting that it has gained international recognition being one of the official pharmaceutical product suppliers of the United Nations, UNICEF, MSF, Red Cross and World Health Organization (WHO). DEMO currently employs a staff of more than 960, while since 2015 the company has created more than 350 new job positions at all levels, giving opportunities to both young and senior scientists, experts and workers. DEMO places strong emphasis on the attraction, retention, development and professional advancement of
›››››› employees at all levels. Many of them have started their career with DEMO as interns and have steadily grown to senior positions. DEMO boasts a comprehensive Corporate Responsibility Program, based on 4 pillars: Environment, Ethical Marketing, Employees and Society, focused especially on children and vulnerable population groups.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
DEMO S.A. 2017 135,938,101 € 14,044,002 € - 90,444,811 € 133,238,391 €
2018 138,215,108 € 13,012,875 € - 95,765,961 € 129,752,049 €
Change (%) 1.7 -7.3 5.9 -2.6
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DIAMONDS OF THE GREEK ECONOMY
2020
Paper Products Industrial Turnover 193,627,300 €
PROFIT BEFORE TAXES 10,157,761 €
MEGA DISPOSABLES SA
From Inspiration to Innovation
Contact details 148 Dekelias St., 13678 Acharnes, Attica, Greece Tel.: +30 210 2419800 Fax: +30 210 2419818 Email: mega@megadis.gr Website: https://megadis.gr
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A Greek company, Mega Disposables SA is one of the largest manufacturers of personal hygiene products in Europe. Founded 40 years ago, Mega SA has grown organically to become today market leader in the personal hygiene sector in Greece (Sanitary napkins, pantyliners, Incontinence products, Baby wipes, Antibacterial wipes, Make-up removal wipes, Baby diapers). With a portfolio of well-known brands, that have gained consumers’ trust, such us EveryDay, Pom Pon, BabyCare, Babylino, Tipers, Wet Hankies, ΜΕΓΑ, Iasi etc., we have built our very own 100% Greek product line for personal hygiene. Our Product categories: Woman: Sanitary napkins, pantyliners, cotton discs, make-up removal wipes, intim wipes, intim wash. Baby and child: Baby diapers, baby pants, baby wipes, bed pads, antiseptic wipes for children. The elderly: A full range of incontinence products (light inco pads, pants, briefs, bedpads). The entire family: Cotton wool, cotton buds, antibacterial wipes, wipes for cold relief and other specialty products. Thanks to an innovative mindset and the deployment of state-of-the-art technology, the company has made remarkable progress over the years. Specifically, from 2010 to 2019, MEGA increased its turnover by 187%, expanded its privately-owned facilities in Attica to a total of more than 62,000 square meters, achieved a nine-fold growth of its export activity, and increased its personnel by 127%. Dynamic International Presence Our company constitutes a powerful international force in its sector in 4 continents. Large multinational companies, as well as prestigious retailers, trust MEGA as their main supplier for their products. Excellent Quality and Safety Quality and innovative design constitute a solid basis of trust for our collaborations abroad. Total Quality System, investment in state-of-the-art technology, advanced quality control systems and the designing of special products of superior skin-friendliness, are the key pillars of our long-lasting collaboration with leading international companies. MEGA creates products of exceptionally high standards, based on a product quality control and certification system comprising the Internal QA System, which is continuously upgraded, fully automated, and computerized. Moreover, we cooperate with approved laboratories and official certification institutions specialized in products of our sector. The baby diapers Babylino Sensitive recently received the Product Safety Award from the European Commission. This top distinction reflects the top and non-negotiable priority of MEGA to produce an absolutely safe baby product. A product that has been recognized for its extremely high level of safety for infant skin, after a strict evaluation by EU’s special selection jury. Our holistic product range is designed to provide top performance paired with unmatched, proven respect to the skin, addressing the personal hygiene needs of consumers of all age groups. MEGA DISPOSABLES SA 2017 2018 Change (%) Turnover 168,436,557 € 193,627,300 € 15.0 Profit Before Taxes 4,656,142 € 10,157,761 € 118.2 Gross Profit 57,014,820 € 64,781,092 € 13.6 Total Equity 33,006,471 € 38,810,086 € 17.6 Liabilities 80,191,751 € 89,291,206 € 11.3
DIAMONDS OF THE GREEK ECONOMY
2020
PHARMACEUTICALS Industrial Turnover (2019) 576,3 mio €
EXPORTS (2019) 498,5 mio €
BOEHRINGER INGELHEIM HELLAS S.A.
Innovation in medicines & leadership in exports
Dimitrios Anagnostakis, President & CEO
Contact details Headquarters: Leof. Andrea Syngrou 340 167 77 Kallithea, Attica, Greece Tel.: +30 210 8906.300 Fax: +30 210 8983.207 Production facility: 5th Km Paiania-Markopoulo Highway, 194 00 Koropi, Attica, Greece Tel.: +30 210 6623.901 Fax: +30 210 6623.905 Website: www.boehringer-ingelheim.gr E-mail: info.gr@boehringer-ingelheim.com
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. In Greece, the firm was founded in 1966 and is considered to be a market leader among the country’s top 10 pharmaceutical 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 , Oncology and rare diseases. Boehringer Ingelheim Ellas is also considered to be an innovation leader as it participates actively in the parent company’s international clinical research program. Among various awards Boehringer Ingelheim Ellas received the Prix Galien award 2019, for its innovation in the field of rare diseases. Boehringer Ingelheim Ellas 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 2019. Total sales of 576,3 Euro, mainly as a result of high exports which reached 498,5 mio Euro, showing a notable 93,5% increase versus 2018. The company owns its production facility in Koropi, Attica, established in 1975 setting 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 70 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 over 1,50% of total Greek exports, establishing Boehringer Ingelheim Ellas as a production & exports leader. Its parent company recently entrusted Boehringer Ingelheim Ellas to transform its plant to a hub for 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. For this purpose, significant investments took place in order to expand the plant. Boehringer Ingelheim invested in total 80 mio Euro within crisis years in order to transform the plant to a hub. For this significant investment, Boehringer Ingelheim received in 2019 the Prix Galien distinction for the most significant investment in Pharmaceutical industry. Such actions and investments in production and export activity by Boehringer Ingelheim Ellas – 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 Ellas’ initiatives for Greece’s economy are summarized in the triptych: “We Invest, We Grow, We Support.” Boehringer Ingelheim has invested in Greece within the years of crisis almost 100 mio Euros, proving its sustainability profile. Last but not least, the firm’s human resources, more than 550 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”.
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DIAMONDS OF THE GREEK ECONOMY
2020
Intercomm Foods S.A.
FOOD PRODUCTS
Continuing presence in more than 65 export destinations worldwide
Industrial Turnover 87,524,626 €
PROFIT BEFORE TAXES 7,851,641 €
Stergios Tsagkoulis, Chairman & CEO
Contact details 8th km Larissa-Sikouri highway, Larissa, 41110 (PO BOX 1127), Greece Tel: 0030-2410-575092,93 Fax: 0030-2410-575091, 575503 Email: fruitsales@intercomm.gr, olivesales@intercomm.gr Website: www.intercomm.gr
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Intercomm Foods SA, founded in 1990, is located in Larissa, central Greece and is one of the Greece’s leading export companies. 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 200.000m2. Three factories: ● Olive factory / Larisa ● Fruit factory / Larisa ● Olive factory / 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 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 meet high quality standards and requirements. ● Main product categories ● Olives, pastes & antipasti ● aseptic peach & apricot fruit ● peaches and apricot in cans & jars ● apricot and peach compote in cans and jars Intercom Foods SA is a family-run business that began operating with high ambitions. The firm also enjoys a strong market presence with its brand-name products in Eu-
rope, Asia, South America. Marketing its products under the Delphi brand name, the firm exports to Russia, Bulgaria, Romania, Germany, Croatia, Poland, Slovakia, Lithuania, Estonia, Serbia, Czech republic, Armenia, Scandinavian countries, Brazil, N.Zealand and Vietnam. It provides private label products to the biggest retail groups, such as Aldi, Edeka, Lidl, Tesco, Norma, Spar, etc. Though the firm’s entry and survival in the Russian market proved difficult in the mid1990s, 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. Exports Intercomm Foods SA exports 99% of its products to 65 countries and to more than 450 clients worldwide. Export destinations include EU, Russia, Ukraine, Switzerland, USA, Canada, Australia, New Zealand, Iran, Iraq, Mexico, China, Japan, South Africa, Mexico, Brazil, Colombia, Middle East countries, South Korea, etc. Certifications ISO22000:2005, BRC, IFS, SA 8000 Kosher and Halal Awards Awards for worldwide presence by: ● E BEA – Greek Chamber of Commerce in Athens ● Active Greece – Stat Bank ● S ilver top exports company - Greek exporters
INTERCOMM FOODS S.A. 2018 Turnover 87,524,626 € Profit Before Taxes 7,851,641 € Gross Profit 16,717,099 € Total Equity 39,384,630 € Liabilities 45,862,736 €
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DIAMONDS OF THE GREEK ECONOMY
2020 Toys
Commercial Turnover 55,508,212 €
PROFIT BEFORE TAXES 6,494,628 €
G. N. Moustakas S.A.
Welcome to the magical world of the Moustakas stores!
Contact details 17 Louvari & Chr. Lada, Peristeri, Attica, Greece Tel.: +30 216 1008000 Fax: +30 210 57 33 359 Email: info@moustakastoys.gr Website: www.moustakastoys.gr/
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For the Moustakas stores a child’s world is, has been and always will remain the most sensitive chord of our rationale! A world that we serve with dedication, with passion, with love and respect for a child’s special needs. We, at the Moustakas stores, have taken special care while planning the setting as well the contents. We would like you to feel the same ambience and comfort that we feel around the toys… we want you to enjoy the personal service you deserve… We want you to be able to find everything easily: from major name-brands of toys,
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classic and exclusive, to items for babies, clothes and shoes, electronic goods, books and seasonal articles. For us there are no customers. There are mums, dads, uncles, aunts, grandpas and grandmas, godfathers and godmothers… and hundreds of thousands of children! We also like to be able to look you straight in the eye and return your trust by offering you products and services of the best quality! The Moustakas stores started off as a small industry in the line of manufacturing and trading children’s toys. The driving force and creator of the company was Georgios N.
›››››› Moustakas, who was also Chairman of the Association of Manufacturers of Toys and Wagons (ΣΕΒΠΑ), who since the late 70’s has served for 18 years as Chairman and 6 years as Secretary. From the very beginning the Company established the Principles and Values upon which it based its development: QUALITY, RESPECT, and RESPONSIBILITY. Today, three generations later, the Moustakas stores continue to tenderly embrace children and their toys. They still insist on quality. To offer select and exclusive toys to satisfy the overall needs of the children and their parents. During our long course we have seen the toys change as time goes by. However what remains constant are the wide, brilliant smiles on children’s faces. And that is and will always be our greatest reward. Welcome to the magical world of the Moustakas stores!
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
G. N. Moustakas S.A. 2017 54,346,410 € 6,206,595 € 20,765,363 € 20,564,196 € 42,053,908 €
2018 55,508,212 € 6,494,628 € 21,839,065 € 24,553,534 € 40,106,290 €
Change (%) 2.1 4.6 5.2 19.4 -4.6
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DIAMONDS OF THE GREEK ECONOMY
2020
Huawei
nformation & communication technologies
Enhancing people’s digital experience in work, life, entertainment Huawei is a leading global provider of Information and Communications Technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – Telecom networks, IT, Smart devices, and Cloud services – we are committed to bringing digital to every person, home and organization for a fully connected, intelligent world.
TOTAL REVENUE (2019) US$ 123 BILLION
NET PROFIT (2019) US$ 9 BILLION
Huawei’s end-to-end portfolio of products, solutions and services are both competitive and secure. Through open collaboration with ecosystem partners, we create lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes. At Huawei, innovation focuses on customer needs. We invest heavily in basic research, concentrating on technological breakthroughs that drive the world forward. Huawei has more than 194,000 employees, and operates in more than 170 countries and regions. Founded in 1987, Huawei is a private company fully owned by its employees. What do we offer to the World?
We create value for our customers. Together with telecom carriers, Huawei helps connect over one-third of the world’s population. Together with our partners, we serve government and public utilities, as well as enterprise customers in sectors like finance, energy, transportation, and manufacturing. We help organizations and industries go digital by providing them with open, flexible, and secure ICT infrastructure platforms that promote greater synergy between devices, networks, and the cloud. With our smartphones and other smart devices, we are improving people’s digital experience in work, life, and entertainment. We promote industry development. Huawei advocates openness, collaboration, and
Contact details 49 Kifisias Ave. & Ziridi St., 15123, Maroussi, Attica, Greece Tel.: +30 210 6879008 Website: http://www.huawei.com
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shared success. Through joint innovation with our customers, partners, and peers, we are expanding the value of information and communications technology in service of a more robust and symbiotic industry ecosystem. Huawei is an active member of more than 360 standards organizations, industry alliances, and open source communities. We have also joined forces with industry partners to innovate in emerging domains like cloud computing, softwaredefined networking (SDN), network functions virtualization (NFV), and 5G. Together, we are driving the industry forward. We drive economic growth. Huawei generates tax revenues, provides local employment opportunities, and stimulates the development of the ICT value-chain in every country where we operate. Furthermore, we deliver innovative ICT solutions that drive the digital transformation of all industries, fostering economic growth and greatly improving quality of life. We enable sustainable development. As a responsible corporate citizen, Huawei has made a significant contribution to bridging the digital divide to all people and businesses. We are keenly aware of the importance of telecommunications in emergency response situations, during which we restore communications networks and ensure the reliable operation of essential telecoms equipment in disaster zones. We also prioritize low-carbon and environmental protection throughout all planning, design, R&D, manufacturing, delivery, and O&M activities, providing our customers with top-of-the-line products and solutions that save energy and reduce environmental impact. As for people, we help develop the next generation of local ICT talent with our global Seeds for the Future program, where we work together with young talents across 108 countries and regions to transfer knowledge, cultivate understanding and greater interest in the ICT industry,
›››››› and encourage broader involvement in the digital community. What do we stand for? For the past 30 years we have maintained an unwavering focus, rejecting shortcuts and easy opportunities that don’t align with our core business. With a practical approach to everything we do, we concentrate our efforts and investing patiently to
drive technological breakthroughs. This strategic focus is a reflection of our core values: staying customer-centric, inspiring dedication, persevering, and growing by reflection. The digital era has been generous. We will make the most of this historic opportunity, and boldly forge ahead to build a fully-connected, intelligent world to every person, home and organization.
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DIAMONDS OF THE GREEK ECONOMY
2020
Pharmaceutical Products Industrial
ELPEN Pharmaceuticals
Investing in the science of life Who we are For 55 years, ELPEN pharmaceuticals develops and produces high-quality originator and generic medicinal products for the Greek and international markets. Today, ELPEN is the leading Greek pharmaceutical manufacturer in the domestic market and ranks in 10th place among 250 companies presently active in Greece, both domestic and international. Our vision is to offer pharmaceuticals of high quality standards at affordable prices and to increase our social contribution towards the community. We strive to improve health, adhere to the highest quality standards and responsibly provide the scientific community with substantiated, accurate information.
Theodoros Tryfon, Vice President
Contact details 95 Marathonos Ave., 19009 Pikermi, Attica, Greece Tel.: +30 210 60 393 26-9 Fax: +30 210 60 393 00 E-mail: info@elpen.gr Website: www.elpen.gr
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What we do We take pride in our continuous efforts to create added-value for our country and the Greek pharmaceutical industry by: Systematically investing in Greece’s human capital and capacity to innovate; Significantly enhancing the Greek economy’s competitiveness and sound international profile through large-scale exports to more than 41 countries, long collaborations with highly esteemed international companies and successful operations of our German subsidiary, ELPEN GmbH; Strongly supporting the continuing education of the European scientific community in our certified Training, Research &
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Experimental Center, one of the largest in South-East Europe; Knowingly contributing to the country’s effort to generate growth through domestic investment and consumption by offering high-quality medicines at affordable prices. Our medicines The therapeutic value of our products lies on our constant focus on quality. We apply international standards (Eudra GMP & GDP, ISO 9001:2008) and national guidelines on all of our operations. In addition, we successfully undergo a great number of audits every year by International Authorities, Auditing Bodies and clients, who evaluate our premises and operations according to Non-EU Guidelines of Good Manufacturing Practices, e.g. Saudi FDA GMP (SFDA) and Jordan FDA GMP (JFDA). Our products fall within the following therapeutic categories: ● Cardiovascular ● Hematological ● Antithrombotic Agents ● Respiratory ● Gastrointestinal ● Neurological ● Urinary ● Osteoporosis ● Anti-cough ● Antibacterial/Antibiotic/Antiviral
›››››› ● Anti-inflammatory (Non-steroidal) ● Antidotes ● Hormonal Contraceptives We take pride in the Elpenhaler® product, a novel, patented dry-power inhaler invented by ELPEN founder, Dimitrios Pentafragkas. Considered as a highly effective treatment for lung diseases such as asthma and COPD, Elpenhaler® led to ELPEN being the first pharmaceutical company to have ever received European marketing approval of a generic fixeddose combination inhaler. How we grow We aspire to grow in Greece and the international markets through our strategy to: ● Dedicate significant human and financial resources to R&D ● Invest in value-added medicines ● Aim to enter new therapeutic areas and technologies
● Invest in new strategic collaborations with local and international companies Reinforcing employment Elpen has been actively supporting the employment sector in Greece during the economic crisis, reinforcing its human resources capital. With more than 1000 employees, ELPEN hired many highly-skilled scientists over the past eight years, actively contributing to the elimination of the brain drain that has been occurring in Greece during the past decade. Strongly supporting the Scientific and Research community, ELPEN demonstrates its continuous support to the scientific and research community through its certified Training, Research & Experimental Center, founded 24 years ago. Since 1996, the company has offered more than 140 sponsorships, investing more than 9% of its sales in research programs.
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DIAMONDS OF THE GREEK ECONOMY
2020
It, Office Products & Whitegoods Commercial Turnover 309,623,000 €
PROFIT BEFORE TAXES 2,970,000 €
PLAISIO COMPUTERS S.A.
The Greek pioneer in technology has successfully added white appliances to its range
Costas Gerardos, Vice President & CEO
Plaisio Computers holds the first place in Technology & Office products and plays a leading role in the Greek market for over 50 years. Since 1969, the company constantly invests in the improvement of its channels, physical and digital (24 stores located in major cities, more than 120,000 daily visits to the website plaisio.gr, B2B channel serving more than 220,000 businesses, direct sales, etc.), ensuring all consumers receive a fresh and up-to-date experience, as well as innovative and personalized services. Plaisio operates a HQ-Assembly-Logistics Center in Magoula, on the northwestern outskirts of Athens, in a proprietary area of 22,500sqm, with an annual production capacity of 300,000 computers, and the biggest technology stock in Greece. In the same area, Plaisio operates a 1,200-sqm store and its administration offices. Additionally, the company’s social media profiles (Facebook, Twitter, Pinterest, YouTube, Google+, Instagram) lead the competition with more than 1,500,000 followers. Key factors in Plaisio’s success include a brand building strategy (Turbo-X, Sentio, Q-Connect), a direct connection with international leaders in computer components, e.g. Intel & NVIDIA, a wide range of more than 22,000 products and competitive prices combined with cutting-edge technology. Also, the company offers customers a complete experience by providing excellent after sales and technical support services. During 2019, Plaisio: ● Celebrated the company’s 50th anniversary ● I ntroduced white appliances in its products’ range, exhibited in five stores ●O pened a new, flagship store in Petrou Ralli Ave., Attica ●R emodeled its stores and adjusted them to the new corporate identity ●B uilt a new, 10,000-sqm white appliances distribution center in Mandra, Attica ●D eveloped the new “plaisio.gr” website with a state-of-the-art customization e–shop platform ●A cclaimed more than 25 awards and titles of distinction
Contact details Thesi Skliri, Magoula Attica 19018, Greece Tel: +30 210 5587000 Website: www.plaisio.gr
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Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PLAISIO COMPUTERS S.A. 2018 2019 302,741,000 € 309,623,000 € 6,040,000 € 2,970,000 € 61,174,000 € 62,141,000 € 94,620,000 € 94,868,000 € 59,585,000 € 102,715,000 €
Change (%) 2.3 -50.8 1.6 0.3 72.4
DIAMONDS OF THE GREEK ECONOMY
2020
LOUX MARLAFEKAS SA
Beverages
Loux: 70 years of tradition and history
Industrial Turnover (2019) 35,3 M €
Ioannis Marlafekas, President & CEO
Contact details 88 Agiou Stefanou St., Saravali, 265 00 Patra, Achaia, Greece Τel.: +30 2610 529680-1 Fax: +30 2610 529682 Email: info@loux.gr Website: https://www.loux.gr/
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Loux – Marlafekas the largest, Greek-owned, soft drink and juice company in Greece, that complements 70 years of tradition and history, holds firmly the 2nd place in soft drinks market share in total and a leading place in flavored soft drinks among other multinational equally known companies in the sector. In spite of the specific market’s challenging and competitive circumstances, Loux has achieved steady growth, standing out as one of the most successful Greek companies. In 2019, the firm posted a rise in sales to more than €35.3 million, up 2.44 percent compared to 2018, signifying its stable profitability. The company operates three privatelyowned, state-of-the-art units in Peloponnese, of a total floor space of 33,000sqm, for the production and distribution of its products (Kefalovrysso, Saravali of Patras) and the vertical integration of PET packaging production (Aigio). Loux entered special partnerships with a logistics center in Attica (2008) and Thessaloniki (2016),aiming at covering the constantly increasing needs for reduction of transportation costs and delivery time of the products. Loux currently employs a staff of 130 - including external workers - in Achaia, Athens and Thessaloniki, while it operates a nationwide distribution network comprising of approx. 500 representatives, through which Loux products reach over 75,000 points of sale. In the past decade, Loux increased its workforce by as much as 102%. Through its 10-year upgrade investment plan, valued at more than €20 million, including investing €6 million in a new production line, Loux was able to successfully meet growing market demand. The firm also implemented a €2-million investment in technological equipment in 2018-2019. Further investment plans include another new production line to meet growing demand for Loux products, as well as launching new beverage flavors, which are already in the final processing stages by the company’s R&D department. The firm focuses also on production of new packaging following the latest trends and market requirements.
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Today, Loux exports its products to as many as 27 countries worldwide, from the US to Singapore. The company focuses its interest on markets in the wider region of the Middle East, as well as in northern and central Europe. Loux’s on-going investment in advanced research and innovation highlight its pioneering position in the market, further strengthened by a new generation of innovative light soft drinks, loux plus ’n light, with 100% natural sweeteners, high levels of vitamin C in orange and lemon juices, and 60% less calories, launched in 2016, introducing a new category in the market and an innovation at international level. In addition, in 2017, the company launched the loux plus ’n light tea, in peach, red fruit and lemon flavors following the philosophy of the “plus ‘n light” products. Loux’s significant presence in the market since 1950, has led to receiving multiple distinctions over the years. One of the major highlights was in 2014 when Loux was named as the Supporter of the Greek Presidency of the EU Council, turning Loux into the official soft drink of the Greek Presidency. In addition, in March 2016, the firm was proclaimed Public National Champion at the European Business Awards 2015. Loux’s products were the first Greek refreshments to be selected as the Top Superbrand in the category of non-alcoholic beverages, at the competition Superbrands. Furthermore, Loux achieved double success at Made in Greece Awards 2017, receiving an award for Most Famous Greek Product and a prize for Excellence in Business, while in 2018 was also honored for its business excellence at the Creative Greece Awards 2018. Loux was awarded as a Top Corporate Brand in Greece at the competition Superbrands for 2018 and for 2019. Moreover, the company was honored with the Regional Excellence award in the Greek Value 2019 of Greek Industries’ Association for its contribution to growth and cohesion in Western Greece. The innovative series loux plus ‘n light and loux plus ‘n light tea won Silver Award at Healthy Diet Awards 2020, in the section
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Light Product of the Year and specifically in the category Light Beverage Products. More recently, Loux was distinguished as Firm and Tradition at the EVEA ceremony for its contribution to the Greek economy. In July 2020, the firm won the 2nd Silver Award in the category SUPPLIERS BRAND CAMPAIGN, for its campaign Louxaro Kalokairi in Retail Business Awards 2020. Loux focuses and expands its core values by supporting several social, sporting and cultural initiatives through an extended social responsibility program. The firm has actively supported the “Mission”, the Charity of the Holy Archdiocese of Athens, as well as voluntary organizations, such as OKANA, “Agkaliazw”, “Aimodotis”, ELEPAP, “Alma Zwis”, “Agapi”, etc. Recently, Loux joined forces with the Hellenic Red Cross in organizing voluntary blood donations in many Greek cities, aiming at providing sufficient blood stocks for patients in need of transfusion. The firm also makes an annual donation of beverages to “Xamogelo tou Paidiou” (The Smile of the Child), and has also supported in various ways the municipality of Athens. Loux contributes to the National Health System by launching a free mobile application, Loux Plai-Plai, donating €1 to health services for each download.
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DIAMONDS OF THE GREEK ECONOMY
2020
UNI-PHARMA KLEON TSETIS PHARMACEUTICAL LABORATORIES SA
Pharmaceutical Products
57 years of value creation in the pharma industry: A story worth telling
Industrial NET SALES 66,335
PROFIT BEFORE TAXES 5,700
Contact details 14th km Athens-Lamia National Road, 145 64 Κifissia, Attica, Greece Τel: +30 210 8072512 Fax: +30 210 8078907 Website: http://www.uni-pharma.gr
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The Tsetis Pharmaceutical Group of Companies (OFET), comprises two complimentary, dynamic pharma companies, UNI-PHARMA S.A. and INTERMED S.A., as well as a commercial company in Cyprus, Pharmabelle and the newly established Uniherbo, specializing in medicinal plant extraction, all sharing parallel objectives, yet with a different focus. Kleon Tsetis, a restless pharmacist and researcher, with a vision to strengthen the position of Greek manufacturing in the pharmaceutical industry, established Uni-Pharma in 1963 with the mission to improve the quality of life of our fellow men by facilitating access to treatment with Innovative, high-quality, GMP 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 innovative highlight brands such as APOTEL® and SALOSPIR®, as well as technological challenges such as T4®, and the new one TREBON GRIPPE day & night. Uni-Pharma’s vision is to be among the leaders of the constantly changing pharmaceutical landscape, by offering high-quality products to patients worldwide. Since its foundation, Uni-Pharma has grown from a small privately-held company into a large and dynamic organization, which currently holds the leading position in unit sales among Greek-owned companies in the domestic mar-
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ket. In order to sustain this growth, Uni-Pharma actively explores collaboration potential with commercial partners and academic Institutions, on a global scale, while tirelessly investing in technology and manufacturing excellence. Through undaunted efforts, Uni-Pharma’s reach today extends to five continents and 47 countries (together, Uni-pharma and InterMed export to more than 66 countries worldwide), leveraging on growth opportunities around the globe. UNI-PHARMA exports high-technology and innovative products under its own brands, creating value and contributing to the great national effort of re-shaping the character and dynamic of Greece’s economy. Accountability – A generous donation of Unikinon However, Uni-pharma stands out not only for its financial results, but also for its Corporate Responsibility policy, which was once again highlighted in the context of the COVID -19 pandemic. Specifically, the company’s management, with a sense of historical and social responsibility, donated to the Greek state 24 million free doses of Unikinon (chloroquine) and an additional 60,000 doses of the same drug to Cyprus government. Chloroquine, according to scientists, is considered an effective treatment for COVID-19, and is already part of the treatment protocols of many patients in hospitals. It is worth noting that the entire process of purchasing raw material, production of the drug and implementation of the
donation, was carried out on the initiative of the President and CEO of OFET, Mrs. Ioulia Tseti. A quantity of five (5) tons of chloroquine was bought by OFET from India on March 21, 2020 just before India closed its borders and almost no one in the world could procure the valuable active substance. In addition, Uni-pharma is currently conducting HOPE, an Open-Label, NonRandomized Clinical Trial on chloroquine, in collaboration with research centers and reference hospitals, in order to further explore the clinical data of the active substance. Research & Patents With regard to research, the firm has expanded far beyond the realm of pharmaceutical technology and innovation, as it has already filed/holds 62 national (50 related to Uni-Pharma and 12 to InterΜed products) and 24 international (20 related to Uni-Pharma and 4 to InterΜed products) patent applications/patents, some of them granted in more than 60 countries worldwide. Only in the past three (3) years, the firm has filed 22 new national and international patent applications in the fields of pharmaceutical active substance development and novel pharmaceutical and nutritional compositions. Most prominent token of UNI-PHARMA’s commitment in multi-dimensional business development and source of competitive advantage is a new, state-of-the-art industrial plant in Attica, which is the largest investment made in the Greek pharmaceutical industry in recent years. The new facilities are a model for safety, efficiency and automation. The bioclimatic design, allows a significant reduction in the site’s energy consumption footprint, coupled with other best sustainability practices, while being in full harmony with the surrounding environment, whereas fully automated and digitized production and control systems maximize effort and output. Excellence, Awards and Recognitions Throughout the years, Uni-Pharma has received Excellence Awards by numerous Institutions both nationally and internationally, either for its products or innovative business practices and procedures: ●A ward to Mrs Ioulia Tsetis as one of the Most Powerful Women in Greece by the magazine FORTUNE GREECE. ●U ni-pharma & IntereMed won five important distinctions for Occupational Safety, Health and Culture, by the Health & Safety Awards 2020 (June 2020) held at The American College of Greece. ● I n addition, at the same event, the Group received the Health and Safety Initiative of the Year award, for the highest points received through all the awards it has won by participating in Pillars A & B. ● Uni-Pharma received the 2020 Environment
and Green Development Award, by EBEA, in January 2020. ● Uni-pharma was among the 18 best companies in Greece, out of a total of 8,000 companies, as part of the Growth Awards, a competition organized by Grant Thornton and Eurobank (February 2020). ● Two Gold & Silver Made in Greece 2019 Awards (December 2019), by the Greek Marketing Academy in the categories of Business Excellence & Industrial Excellence. ● EFQM Recognized for Excellence - 5 stars (Global Award Simulation Process). Having successfully applied the EFQM MODEL OF BUSINESS EXCELLENCE for more than 10 years, and having developed a Continuous Improvement Process which has led to uninterrupted accreditations and distinctions in the field of Business Excellence, UNI-PHARMA in 2017 finally proceeded to the highest EFQM – “RECOGNIZED FOR EXCELLENCE” after a successful GLOBAL EXCELLENCE AWARD SIMULATION procedure. ● Investors in People International - this Certification proves that the company’s management considers its people companions in the corporate development processes, focuses on their continuous training, empowerment and ensuring a healthy, safe and creative future for them and their families. ● THE PROTAGONISTS OF THE GREEK ECONOMY, by the Direction Business Network: Award for the dynamic extroversion of Uni-pharma. ● CREATIVE GREECE, by the Active Business Publishing Institution – Award to Tsetis Group of Pharmaceutical Companies (OFET), for the remarkable extroversion of both of its pharmaceutical companies, Uni-pharma and InterMed. ● Diamonds of the Greek Economy - in the category ‘The most Admired enterprises,’ for four consecutive years in 2015, 2016, 2017 and 2018, by the Active Business Publishing Institution.
Values in ‘000 Net Sales yoy % Ebitda yoy % Profit Before Tax yoy %
● E xcellence and Competition Award - in the field of Health, Medicine and Beauty, as part of the Salus Index Award Scheme, for the years 2015, 2016, 2017, 2018 and 2019. ● P rofessional 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 extroversion and uninterrupted growth on a global scale. ● ECOPOLIS Award 2017 - for the new production plant, which is a standard of bioclimatic application, geared to the full exploitation of the climatic conditions for its operation while reducing all energy-intensive processes, in full harmony with the natural environment. ● The jury of “DOMÉS” International Review of architecture awarded Uni-pharma with the Distinction of Best Project of the years 20112015 for its new manufacturing facilities in Kifissia, Athens. Uni-pharma is a proud member of the United Nations Global Compact by complying with the 17 goals for sustainable development, and the only pharmaceutical industry among 30 companies in Greece that has signed the Memorandum of establishment of the Global Compact Network Hellas. The firm’s robust CSR Strategy entails significant actions and initiatives for the environment, access to health services, quality of life and wellbeing, cultivating a culture of voluntarism and solidarity. Last but not least, the Kleon Tsetis foundation supports among many other things science and youth with a significant number of scholarships for the new generation of Greek scientists, in order to create favourable conditions for brilliant Greek minds to avoid the braindrain trend which has emerged in recent years as a result of the country’s financial crisis.
UNI-PHARMA 2016 2017 2018 2019 * 54,435 55,917 60,857 66,335 11.1% 2.7% 8.8% 9.0% 6,483 7,307 10,130 11,000 -15.6% 12.7% 38.6% 8.6% 1,018 1,459 3,677 5,700 -78.8% 43.3% 152.0% 55.0%
* 2019 financial figures are not finalized. The provision of the second half 2019 Clawback, as well as the first half Clawback, have already charged the P/L, however the total Clawback of 2019 will be significantly reduced by offsetting with investments and R+D expenses of 2019.
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DIAMONDS OF THE GREEK ECONOMY
2020
EURIMAC S.A.
Food Products
Driving 8 decades of pioneering operation through innovation
Industrial Turnover (2019) 36,568,283 €
PROFIT BEFORE TAXES (2019) 3,873,632 €
EURIMAC SA has been active in the Greek market since 1996 as a continuation of MACVEL SA, a Greek pasta company operating since 1939. The company is headquartered in the industrial area of Kilkis, Northern Greece. Facilities 1. A pasta production plant of an annual capacity of 72,000 tons of pasta in 5 lines. 2. A packaging plant, part of the overall production plant, comprising: 11 packaging lines, 6 cartoning lines, 2 robot palletizing lines. 3. A durum wheat processing mill of a controlled daily production capacity of 300 tons of high-quality semolina. 4. A 10,000-pallet-srong warehouse. 5. A Rice Husk Burning Boiler Complex. EURIMAC specializes in the production of private label pasta. Apart from private label, however, the firm has also developed its own brands. Besides the historic brand MACVEL, produced since 1939, company labels also include: Latino, Tetragono, Fami-
Stavros Konstantinidis, President & CEO
Contact details Industrial Area of Kilkis, 61100 Greece Tel.: +30 23410 72164 Fax: +30 23410 72160 Email: info@eurimac.gr Website: www.eurimac.gr
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glia, La Grande Pasta, Terra di Grano, La Mediterranea. Exports EURIMAC exports pasta products to more than 50 countries globally, having set export growth as a strategic goal (to reach 50% of its production by 2023) and this is supported by a participation plan in international food trade fairs, such as: ANUGA, SIAL, PLMA, TUTTO FOOD, FOODEX, FOODEXPO. Investments in green energy, sustainability and environmental policy EURIMAC steadily invests in modern technology, having its environmentally friendly operation as a major goal. The company has become environmentally sustainable with the construction of the rice husk burning boiler. The rice husk, whose annual consumption amounts to 10,000 tons, has replaced the traditional burning of imported fuels such as oil and natural gas. By burning the rice husk the company achieves: ● Carbon neutrality ● Low energy cost per thermal MWh
A. ISO 14001:2015 Environmental Management Systems - Requirements with guidance for use. B. ISO 14064: 2006 Greenhouse Gases - Specification with guidance for the validation and verification of greenhouse gas emissions. C. ISO 50001: 2011 Energy Management Systems - Requirements with Guidance for use
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The company operates in accordance with the following energy and environmental certificates:
facilities, which also contributes to supporting Greece’s national economy. Always aiming at innovation and substantial diversification, through launching new products and satisfying current nutritional trends all over the world, EURIMAC’s position is reinforced both in Greece and abroad.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities EBITDA
EURIMAC S.A. 2018 31,365,349 € 3,306,864 € 7,344,255 € 40,963,913 € 6,627,383 € 4,863,430 €
2019 36,568,283 € 3,873,632 € 8,133,491 € 39,332,175 € 7,680,631 € 5,465,165 €
Change (%) 16.6 17.1 10.7 -4.0 15.9 12.4
D. ELECTRIC POWER GREEN CERTIFICATE In addition, the company has secured a green certificate (guaranteeing the power supply origin) for its total power consumption. The above certificates are an additional proof of EURIMAC fixed orientation towards environmental protection, making it a 100% green company with a zero-carbon footprint. Development strategy The year 2019 has been a landmark for EURIMAC, as the firm celebrated its 80th anniversary, and in addition enjoyed an excellent performance with a record-setting volume of sales. Significantly, annual profit is reinvested in upgrading and expanding
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DIAMONDS OF THE GREEK ECONOMY
2020
Pharmaceutical Products Industrial Turnover
VIANEX S.A.
The living history of the Greek pharmaceutical industry VIANEX SA is one of Greece’s largest pharmaceutical companies, compared not only to Greek, but also international pharmaceutical firms. With more than 90 years of experience in the field of medicine, VIANEX records top performance in a wide range of activities, including production, marketing, export and distribution of pharmaceuticals.
241,550,382 €
PROFIT BEFORE TAXES 3,072,265 €
VIANEX’s high-quality products and services have been trusted over time by large multinational pharmaceutical companies, striking long-term cooperation agreements. The export sector is a strategic choice for the company, with 60% of production destined for exports to as many as 30 countries worldwide.
Giannakopoulos family became involved in the field of medicine back in 1924, through a central Athens pharmacy (on Piraeus St.). A decisive step in the firm’s development was taken by Paul Giannakopoulos in 1960, with the establishment of the company PHARMAGIAN, which in 1971 became a public limited company and was renamed to VIANEX SA. The company’s industrial activity begins in 1977, with the operation of its first factory. By 1999, VIANEX had acquired a total four state-of-the-art factories in Attica and Achaia, with the central offices and distribution center for final products based in Varybombi (Attica). Subsidiary VIAN SA was established in 1995, to take care of the handling and marketing of non-prescription medicinal products (OTC), dietary supplements, diagnostic and parapharmaceutical products. A milestone in the firm’s history was the acquisition of FARMANEL in the summer of 2019.
The company currently employs 1,200 people, mostly highly-skilled scientific staff, and constantly invests in their further education and training.
Research The company’s strategic objective for continued progress on both national and inter-
The company operates four state-of-the-art, specialized factories of exceptional capabilities in the entire range of drug production, while constantly upgrading the range of services provided by investing in technological equipment.
Dimitris P. Giannakopoulos, President of BoD & CEO
Contact details Tatoiou Street, 18th km Athens-Lamia National Road Nea Erythrea, 146 71, Greece Tel.: +30 210 8009111-120 Fax: +30 210 8071573 Email: mailbox@vianex.gr Website: http://www.vianex.gr/
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History
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›››››› national levels is innovation-driven competitiveness. The R&D department takes care of coordinating the work of experienced and specialized scientists working with VIANEX’s labs and factories. Labs are equipped with cutting-edge technology and are specialized in various fields related to the object of the factory in which they are housed. At the same time, the company supports the great research potential of Greek universities and research centers
through active participation in innovative projects and potential collaborations. International presence Extroversion is another strategic choice for the company, as it boasts a successful 30-year track record in international markets. High-quality products and large-scale production resulting from continuous investment in modern machinery and human resources, have made the firm one of
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DIAMONDS OF THE GREEK ECONOMY
2020
Pharmaceutical Products
Greece’s major exporters. Overall, exports account for 16% of the firm’s sales, with an annual export of 30 million packages of 225 pharmaceutical products. The firm enjoys an ever increasing expansion worldwide, through penetration into new markets and expanding existing collaborations with new products. The company holds several international certifications (EU GMP, EU GDP, EN ISO 9001, EN ISO 13485), as well as 53 quality certificates. In addition, health organizations in several countries (Japan, Brazil, Turkey, Jordan, Gulf countries, Taiwan, Iraq, Kuwait, Egypt) have granted VIANEX’s four specialized factories as many as 40 GMP (Good Manufacturing Practice) certificates. Notably, VIANEX is among the first firms to have gained a GMP certificate by authorities in Turkey. Recently, an inspection was carried out and successfully completed at the Vianex Factory C by Brazil’s National Health Surveillance Agency (ANVISA), which adheres to rigorous criteria for its controls. New deals - Growth International pharma companies have always shown their trust in VIANEX and VIAN for the production, representation and/or distribution of their products, resulting in a constantly expanding company portfolio. At the end of 2017, another major deal was added to VIANEX’s portfolio, signed with the international pharmaceutical company JANSSEN. The agreement concerns the promotion and distribution by VIANEX of two well-known JANSSEN medicinal products of wide consumption and significant therapeutic value. A year later, in 2018, following a 35-year successful cooperation in the Greek Market, an deal was signed with MSD for the expansion of their cooperation in the therapeutic category of dyslipidemia. In addition, in 2019 VIANEX undertook the complete distribution and promotion of the cardiometabolic portfolio of MSD products
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Corporate Social Responsibility Every company that is aware of its responsibility knows that all of its activities must be inextricably linked to society, man, the environment and culture. This is the principle of Corporate Responsibility that VIANEX has adopted throughout its history, showing respect for human rights and the environment, defending health and contributing in practice to Greek society. The concept of corporate governance governs VIANEX’s day-to-day operations, observing legislation, regulatory arrangements and international best practices and standards. The main concern is product quality and safety. At the same time, VIANEX considers its staff as its most valuable asset, and hence, it invests in human resources with the aim of maximizing efficiency and organization, and the services it provides.
›››››› In collaboration with engineers, scholars and specialized scientists, the firm gradually designs and implements systems, processes and investments based on modern technological and scientific developments. Thus, the effects on the environment are minimized, there is a saving in resources, and the energy footprint is reduced.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
VIANEX actively supports a variety of programs, activities and actions that have a positive impact on society, for example by providing sponsorships and donations to local organizations, vulnerable groups, and a large number of institutions and NGOs (Make-A-Wish, SOS Children’s Villages Greece, etc.).
VIANEX GROUP 2017 2018 Change (%) Turnover 252.255.179,34 276.841.640,54 9,32 Profit Before Taxes 5.822.753,98 4.168.691,79 -28,41 Total Equity 30.469.362,23 27.751.625,28 -8,92 Liabilities 140.633.307,64 151.574.669,05 7,78
VIANEX is an Ambassador for Sustainable Development and a member with many organizations promoting Sustainability and Responsible Entrepreneurship.
VIANEX S.A. 2017 220,184,011 € 5,797,578 € - 33,057,086 € 133,755,963 €
2018 241,550,382 € 3,072,265 € - 29,702,742 € 142,712,397 €
Change (%) 9.7 -47.0 -10.1 6.7
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DIAMONDS OF THE GREEK ECONOMY
2020
PHARMACEUTICALS Industrial
GAP S.A.
Together in health, growth and innovation since 1949
GAP is among Greece’s most dynamic and aspiring pharmaceutical companies, operating in three (3) principal areas: ● Production and distribution of generic and OTC products in the Greek and International markets (main fields of interest: Cardiovascular/Central Nervous Systems/ Infections/Antiulcerants); ● Development and distribution of EVIOL soft capsule technology products (Vitamins, Food Supplements); ● Contract manufacturing of soft capsules in its state-of-the-art facilities. GAP’s unwavering commitment to the QUALITY, SAFETY and EFFICACY of its products, from the beginning of production to the final product, have won the trust of healthcare professionals and patients, making the company a leader in the therapeutic categories in which it operates. It is one of the companies that have laid the foundation for the Greek pharmaceutical market. At the same time, the firm’s export activities are continuously expanding, aiming at penetrating into even more markets worldwide. Leader in Vitamins and Food Supplements with the EVIOL range Since 1978, with the creation of the first oral vitamin E in the innovative form of a soft capsule, the EVIOL Research and Development department at GAP focuses its research efforts on good health and quality of life, developing the EVIOL range of Food Supplements. ● EVIOL range of Food Supplements are of high quality and nutritional value using the high-tech soft capsule technology to provide all the necessary nutrients that in combination with a balanced diet help in the body’s proper functioning and maintaining good health and quality of life. Greece’s first soft capsule manufacturer One of GAP’s major activities is the contract manufacturing of soft capsules. The company applies soft gelatin capsule technology since the 1970s. GAP’s facilities cover 5,500 sqm, which include the areas of production, technical support, quality control, research & development and storage. As a specialized partner in soft capsule manufacturing, GAP’s GMP EU-compliant facilities provide: ● Soft capsule Production Lines for pharmaceuticals, food supplements and cosmetics. ● Soft capsule Production Line for highly toxic drugs and hormones. ● Manufacture of any shape, size, color or fragrance in accordance with customers’ specifications. ● Printing of any logo or text on soft gels. Dynamic presence in international markets GAP distributes a large number of products to more than 30 markets in Europe, US, Canada, Middle East, Far East, and Africa.
Contact details Manufacturing site: 46 Agissilaou St., 17341 Agios Dimitrios, Athens, Greece Offices: 99 Poseidonos Ave., 16674 Glyfada, Athens, Greece Tel.: +30 210-9310980-4 Fax: +30210-9338759 Email: gap@gap.gr Website: www.gap.gr www.eviol.gr
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DIAMONDS OF THE GREEK ECONOMY
2020
Chemical Products Industrial Turnover 20,800,218 €
PROFIT BEFORE TAXES 2,972,803 €
NEOKEM S.A.
Powder Coatings for Aluminum Architectural Systems
Contact details 95 Ag. Georgiou St., GR 194 41 Koropi Attiki, Greece P.O. BOX 143 Tel: +30210 6626860 Fax: +30210 6625305 E-mail: info@neokem.gr
Since 1972 we have been developing long-term relationships with our customers both in local and international markets. Together, we design added value and innovative solutions for high-end powder and industrial coatings, while remaining flexible to market challenges. Sustainable business practices are a top priority at NEOKEM. Our products are all environmentally friendly and toxic-free. We are the unquestionable leaders in Greece’s domestic powder coating industry. At the same time, we operate successfully on a global level. Our success is our people! NEOKEM highly values their loyalty, team spirit, expertise, support and responsibility. Why ΝΕΟΚΕΜ? Consistent high quality For over 30 years, all of our powder coatings are produced in our state-of-the-art manufacturing facilities. Innovation We focus our creativity, research and expertise on supporting your needs with innovative products and services. Aesthetics and Durability Aesthetics and durability are of primary importance to us. We follow the latest developments and cooperate with the best professionals. The result is Super Durable powder coatings that combine the perfect look with high durability. Super Durable powder coatings protect, aesthetically enhance and add value to your construction. Performance All products are designed to provide optimum performance in all applications. Affordability Our advanced products meet the preferences of the market, while offering the best value for money. They are as affordable as they are outstandingly long-lasting. Certifications Our architectural products are approved by the European Aluminium Association’s Qualicoat, Qualideco and the German GSB. NEOKEM offers anticorrosion powder coating systems approved by Qualisteelcoat and QIB. Service We are able to swiftly respond to our customers’ preferences in the best possible way, through our extensive network of subsidiaries and sales partners, both in Greece and abroad. Cooperation We design and develop high-quality powder coatings in cooperation with well-known architects and interior designers. We seek to ensure the maximum number of advantages for our partners, providing a full range of colors, as well as high-end technical and customer support. Environment Commitment to environmental values is our priority. We take extra care in producing environmentally-friendly products. We also make sure we keep up-to-date with the latest environment friendly developments. Application of NEOKEM powder coatings on modern and iconic buildings Our long-term presence in the powder coatings market and our cooperation with aluminum industries, coaters, modern architects and aluminum fabricators has resulted in the use of NEOKEM powder coatings in modern and iconic buildings, hotels, restaurants, etc.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
NEOKEM S.A. 2017 17,402,034 € 2,656,232 € 5,408,167 € 11,267,070 € 5,517,410 €
2018 20,800,218 € 2,972,803 € 6,031,602 € 12,542,737 € 6,740,057 €
Change (%) 19.5 11.9 11.5 11.3 22.2
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DIAMONDS OF THE GREEK ECONOMY
2020
Nutrition Products Commercial Turnover 12,073,166 €
PROFIT BEFORE TAXES 2,647,124 €
POWER HEALTH HELLAS S.A.
Investing in Quality, Innovation & International Expansion with Nature’s Power
Lili Perganta, President & CEO, Power Health
Contact details 59 Deligianni St., Metamorfosi, 14452, Athens, Greece Τel. +30 210 2821500 Fax: +30 210 2851122 E-mail: power@powerhealth.gr Website: http://www.powerhealth.gr
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Returning to nature nowadays is one of the most lucrative business ventures constantly being developed by defining a large category of health products for external and internal use. For Power Health, however, it was the vision to offer human beings the power of nature through Food Supplements. Power Health was established in 1984 by Lili Perganta. For the first time, the term “natural food products” is introduced and Power Health becomes the first Greece-based alternative company. Power Health has under its ownership another two major brand names: Inalia (Natural Cosmetics) and Fleriana (Natural Repellents & Household Products). Power Health is a leading and pioneering Greek brand that creates, represents, imports, exports and distributes premium quality, innovative Health Food Supplements. Inalia (Nature’s Innovation) is the brand name for its natural cosmetics, as Power Health has also expanded its business to the cosmetics sector. Furthermore, the company strengthens its
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ever-growing power by making a substantial move: the acquisition of Provipax SA (brand name Fleriana), boasting extensive expertise in natural repellents and household products. The establishment of its own Research & Development Department, staffed with specialized scientists, makes Power Health once more a pioneer as the only Greek company that designs its own alternative products for health, cosmetics and repellents. Innovative Greek formulations, many of which are unique at both European and global levels. Power Health has all the guarantees to represent Greek entrepreneurship by strategically investing in three pillars: Quality, Innovation and International Expansion. Quality is determined by raw materials and their harvest, at all stages of production. Quality means selection of natural ingredients with clinically proven action, efficacy and safety, which have officially health claims from the European Food Safety Authority (EFSA) and
›››››› notification numbers from the national organization for medicines (MOH). High quality products offered are made according to the highest international standards, such as GMP (Good Manufacturing Practices), the streamlined Logistics facilities guaranteeing the quality and safety of products, the development of “Clean Label” products and also products for vegans. Power Health invests in innovation. It is the company that created the first effervescent vitamins with Stevia aiming at creating ‘’clean label” products. Power Health also creates Oliviotic, the first natural antibiotic with clinical evidence, while invests in synergistic formulations by offering specialized solutions for health problems. Power Health works on expanding its export activity, which is the cornerstone of its economic strategy. The Greek company has already gained the confidence of foreign markets and is so far present in Cyprus, Albania, Bulgaria, Lebanon, the UK, Malta and Kuwait. Above all, Power Health has been present in our life for 35 years now, with ethos, innovation and quality, taking care of our health and everyday life, while at the same time being an important chapter of Greece’s economy and dignity.
POWER HEALTH HELLAS S.A. 2018 2019 Turnover 12,229,668 € 12,073,166 € Profit Before Taxes 2,740,283 € 2,647,124 € Gross Profit 8,408,491 € 8,150,702 € Total Equity 4,361,018 € 5,271,315 € Liabilities 2,518,809 € 2,099,040 €
Change (%) -1.3 -3.4 -3.1 20.9 -16.7
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DIAMONDS OF THE GREEK ECONOMY
2020
Pharmaceutical Cooperative of Piraeus (PEI.FA.SYN.)
PHARMACEUTICALS
Assisting pharmacies in delivering primary healthcare
Commercial Turnover 195,600,000 €
PROFIT BEFORE TAXES 1,450,000 €
Thanasis Mouchtis, General Manager of Pei.Fa.Syn. Group
Contact details 98 Ag. Ioanni Renti St., 18233 Aghios Ioannis Rentis, Athens, Greece Tel.: +30 210 4830291 Fax: +30 210 4813995 Email: info@peifasyn.gr Website: www.peifasyn.gr
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The Pharmaceutical Cooperative of Piraeus (PEIFASYN) in 2020 celebrates its 40th anniversary of uninterrupted presence and operation in Greece’s pharmaceutical industry. The Cooperative is one of the country’s three largest wholesale cooperative pharmaceutical companies, and in the domestic top-50 of the largest commercial companies across all sectors. Boasting a dynamic presence and activity, PEIFASYN currently carries a constantly expanding and upgraded portfolio of 24,000 items, distributed to pharmacies through its network of four (4) warehouses. At the same time, the company provides high quality integrated services to effectively meet member pharmacists’ expectations, while assisting and supporting pharmacies in their efforts to transform their operating model to meet the needs and health requirements of citizens in coming years. PEIFASYN Management adopts a daring attitude by implementing pioneering plans and investments to help the organization’s ongoing growth. In the past three years 2017-2019, investment funds valued at €4.0 million were used to upgrade equipment, expand a new building where it moved part of its operations, renovate its first privatelyowned building, upgrade and expand an automated sorting robotic system, renew its fleet, and further improve ERP (Enterprise Resource Planning). The Co-op now has two modern, privately-owned buildings in the Athens inner suburb of Renti, as well as three leased regional buildings, of a total floor space of 6,500sqm. A privately-owned fleet totaling 35 trucks operates under European GDP guidelines. The ERP supports all of the Cooperative’s activities, while logistics are taken care of by a Warehouse Management System (WMS). A robotic system performs 75% of daily production. The Co-op distributes some 120,000 product packages on a daily basis through a decentralized logistics network, with more than 50,000 invoice lines. Following the expansion of its DIGITAL branch in 2016, an electronic B2B platform has been made available to pharmacies, offering modern tools with advanced information services and market management, which won excellent reviews on the market
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and was seen as a model by the competition. In addition, the organization entered the pre-wholesale pharmaceutical market, offering logistics services (3PL), and distributing products to other drug warehouses on behalf of pharma companies. Additional services provided to pharmacies include: IT and technological support; software and computer equipment; the PEIFASYN-TV and PEIFASYN-ADVICE systems for pharmacy commercial development; the application PEIFASYN B2B MOBILE to further enhance pharmacies’ “informationprofitability-time”; provision of specialized staff to pharmacies for the development of consumer products; organization of events at pharmacies; and, financial management advice. PEIFASYN is currently the main supplier and a major strategic partner of about 850 pharmacies in central and southern Greece, of which 536 are members (shareholders). In the past two years, the Co-op expanded sales --through more partnerships-- to a number of new areas, including Evia, Viotia, Karpenisi and central Athens. With a loyal and eager staff of 195 skilled executives and well-trained employees, PEIFASYN strongly believes in lifelong learning, and annually invests in further personnel training through specialized seminars, lectures and conferences. PEIFASYN collaborates with several pharmaceutical and parapharmaceutical companies, as well as with special consultants and communication experts, providing training in scientific and professional topics, both for pharmacists and assistant pharmacists. Up to date, it has organized three conferences, with attendants including invited speakers of international scope, presenting all the intricate issues arising from the 4th industrial-digital revolution in the field of health and the pharmaceutical market. Given the entry of international giants in Greece and all the upcoming changes in the global pharmacy industry, the Co-op is trying to prepare and fortify pharmacies against the threats from alternative channels and major pan-European pharmaceutical groups. Owing to a deeply-rooted environmental awareness, the Co-op makes every effort to
›››››› reduce the environmental footprint from the operation of the business, minimizing the use of plastics in distribution, e.g. though the use of reusable boxes. During the COVID-19 pandemic, PEIFASYN firmly stood by its member pharmacies, supporting their efforts to provide primary healthcare to patients and beyond. During the period that almost all businesses were shut down, and fear and insecurity prevailed in the community, pharmacies continued their operation, providing not only medical supplies but also giving the public valuable instructions, advice, encouragement for protection, and stimulation and encouragement. PEIFASYN is proud to have stood by and supported the effort of member pharmacists. Even before the onset of the new coronavirus in Greece, it had created a stockpile capable of meeting demand, while new partnerships were stricken to meet augmented needs. Thus, the uninterrupted supply of pharmacies was effectively maintained, while Co-op staff, working either at office or at home, often made superhuman efforts to be there for struggling pharmacists. Corporate social responsibility is an important and integral part of PEIFASYN culture. Thus, in addition to the various social benefits for the support of vulnerable social groups during the year, the Co-op during the lockdown period provided critical sup-
plies to healthcare providers, including major Tzaneio Hospital in Piraeus, several regional hospitals, health centers and EKAB (National Emergency Center), in the areas of Attica, Corinth, Argolida and Samos. The times ahead will certainly be different. Online pharmacies may at first seem safer, more modern or cheaper. But the needs will be communication, advice, and encouragement, in addition to protection of public health, primary care and treatment. It is only pharmacists, who -- as health scientists of the easiest access to the public -can meet such needs and do it right, being aware of their critical role and mission. The Cooperative will always stand by them.
Pharmaceutical Cooperative of Piraeus (PEI.FA.SYN.) Group 2019 Turnover 195,600,000 € Profit Before Taxes 1,450,000 € Gross Profit 8,815,000 € Total Equity 22,934,000 € Liabilities 42,911,000 €
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DIAMONDS OF THE GREEK ECONOMY
2020
LED LIGHTING PRODUCTS Industrial Turnover (2019) 19,092,961 €
PROFIT BEFORE TAXES (2019) 4,998,851 €
Dasteri S.A.
An innovative LED lighting manufacturer DASTERI, located in Alexandroupoli, Northern Greece, has been active since 1976 in the manufacturing of lighting, in a vertically integrated production. Productivity and Innovation By constantly investing in highly-qualified staff and new technologies, our company is today an established European company that exports its products to 48 countries and multiple distribution points around the world. Dasteri products are manufactured according to the specifications of the Quality Management System ISO 9001 and fully meet the requirements of European and international markets. Growth and Development Today, Dasteri possesses the necessary experience and expertise since it has completed a large variety of projects with utter success through open and international tenders. With a commitment to research and planning for innovative services and products, Dasteri continues to make large investments in terms of means and efforts to meet the market requirements in the
Vasilis Dasteridis, CEO
Contact details 1st Km of Alexandroupoli-Feres road, Alexandroupoli, 68133 Tel.: +30 25510 25171 Fax: +30 25510 21689 Email: info@dasteri.gr Website: http://dasteri.gr
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best possible way. The firm’s success is the result of continuous research for quality at every stage of production. The company employs a large number of professionals who have the know-how in design, production and marketing in order to serve our customers. High Quality Service Fostered by reliable cooperation with our customers, our unremitting service to their needs aims not just to solve problems but to thoroughly meet their contemporary demands, too. Our professionalism combined with friendly and prompt service are the principles that best describe our identity and designate our relationship with all of our partners and customers; principles that define every contact we make with them. Responsibility and Reliability Our main concern is the consistency with which we treat each and every customer, but also the environment in general. With respect and sincerity, we commit to our promises in terms of delivery and outcome, thereby nurturing personal relations of
›››››› mutual trust with our customers. Respect for the environment and its protection, as well as contribution to social issues, are matters integrated into our operating principles and philosophy. For this reason, our production processes are environmentally friendly and undertaken with full awareness to ensure ecological protection standards.
Dasteri S.A. 2018 Turnover 13,060,817 € Profit Before Taxes 2,556,662 € Gross Profit 3,431,921 € Total Equity 10,550,073 € Liabilities 5,550,410 €
2019 19,092,961 € 4,998,851 € 6,094,833 € 14,464,039 € 5,270,769 €
Change (%) 46,19% 95,52% 77,59% 37,10% -5,04%
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DIAMONDS OF THE GREEK ECONOMY
2020
Kalteq Group
Medical Devices
A Powerful & Dynamic Group of Healthcare Companies
Commercial Turnover 6,490,534 €
PROFIT BEFORE TAXES 2,196,269 €
Dr. Panagiotis Kalafatas, CEO
Contact details 185 Kapodistriou St., 18345 Moschato, Athens, Greece Tel: +30 210 4820 408 Fax: +30 210 4820 368 Email: pa@kalteq.gr Website: www.kalteq.gr
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Kalteq Group (Kalteq SA & Kalteq Medical SA) is a dynamic Greek Group of Companies founded in 2003, with the vision of introducing Minimal Invasive Surgery, innovative products for the patients’ benefit and the promotion of National Healthcare. Our companies over the years managed to create solid customer relationships, both in the private and public sectors, not only due to our dedication and strong business ethics, but also due to our representations, which involve high-profiled international companies with high-quality products. Our portfolio includes a huge variety of high-end medical products and instruments for Head, Neck & Spine, General Surgery, ENT & O.R. Disposable lines, etc. The distribution of our represented products is supported by a highly-trained sales team, whose primary objective is to serve both the medical community and patients. Today, Kalteq Group holds one of the leading places in the medical field by showing tremendous brand awareness, business growth and developing dynamic partnerships with many private clinics and public hospitals in Greece. During the past few years, our Company not only managed to hold an important position in our Market, but also thrived getting Acknowledgments and Awards, as a recognition of our continuous efforts. Our Awards are the following:
KALTEQ has completed a comprehensive due diligence process administered by TRACE, the world’s leading anti-bribery standard setting organization. Certification by TRACE signifies that we have completed internationally-accepted due diligence pro-
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cedures and have been forthcoming and cooperative during the review process. The successful completion of TRACE certification demonstrates our commitment to commercial transparency, allowing you to serve as a valued business partner to multinational companies. “DIAMONDS OF THE Greek Economy 2019” – The Most Admired Enterprises in Greece
KALTEQ has been the recipient of the honorable AWARD “Diamonds of the Greece Economy 2019” and was placed amongst the healthier companies in Greece. Business-wise, Kalteq SA is strongly connected with key opinion leaders in our country, and our presence is very active. Our sales team consists of high-level professionals, who are constantly trained and informed of the latest developments in the fields of our activities, so that to be able to provide the best possible support in products distribution, O.R. equipment and after-sales followup. We attend National Congresses and we have active presence in science educational courses and trainings. OVERVIEW 1. Company’s Turnover in 2019 €18 million (up 50% vs 2018) 2. Total No. of Employees 60 persons 3. Headquarters Athens Greece (offices 460 sqm & warehouse 460sqm) 4. Branch Office Thessaloniki Greece (offices 110 sqm) 5. Accreditations - ISO 9001:2015
›››››› - Epic Certified Company - Trace Certified Company - Diamonds of the Greek Economy 2019 Company - Healthcare Business Awards 2019 – Golden prize. 17 years ago, armed with lots of hopes, visions and targets, we built the foundations of what it would soon become our legacy and passion.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Kalteq Medical SA 2017 2018 6,770,621 € 6,490,534 € 2,753,823 € 2,196,269 € 4,364,582 € 4,199,678 € 2,139,348 € 1,878,987 € 8,282,744 € 9,798,282 €
Change (%) -4.1 -20.2 -3.8 -12.2 18.3
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DIAMONDS OF THE GREEK ECONOMY
2020
Pharmacist’s Supplying Cooperative of Attica (PROSYFAPE)
PHARMACEUTICALS Commercial
On-going upgrade of services to pharmacies
Turnover 308.515.205 €
PROSYFAPE (Pharmacist’s Supplying Cooperative of Attica) Group of companies operates in Greece for the past 40 years, and today is the largest, most modern and dynamically growing wholesale distributor of pharmaceuticals and non-pharmaceutical products and services in the Greek market. Throughout the years, the Cooperation has invested in a network of five units (2 in Attica, 1 in the East of Mainland Greece, 1 in Corfu and 1 in Epirus), with the primary concern being to meet pharmacist needs through an assortment of more than 18,000 products, and with on time delivery (two and three times a day) by its fleet of 93 privately-owned vehicles, mostly vans. From our premises of 12,000 sqm, with an infrastructure that consists of 3,500 automated channels, we handle around 12,000 phone calls/day, and distribute over 200,000 pcs, determined to serve, support and deliver to
PROFIT BEFORE TAXES 2.608.951 €
Pharmacist’s Supplying Cooperative of Attica (PROSYFAPE) 2018 2019 Change (%) Turnover 292.251.000 € 308.515.205 € 5.6 Profit Before Taxes 2.640.312 € 2.608.951 € 24.5 Gross Profit 13.551.932 € 13.703.096 € 1.1 Total Equity 47.565.166 € 48.626.392 € 2.2 Liabilities 57.682.145 € 60.097.362 € 4.2 Total Assets 107.278.682 € 110.768.388 € 3.3
Andreas Galanopoulos, President of PROSYFAPE Group
Contact details 3 Konstantinoupoleos St., Peristeri 121 32, Athens, Greece Τel.: +30 210 5709492 Website: www.prosyfape.gr
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the 1680 pharmacies that put their trust on us. We deliver our services in compliance to the EU regulations, GDPs, and according to quality standard ISO 9001:2015. We are certified by the accredited authorities of TUV AUSTRIA HELLAS in ISO 9001:2015 and DQS for the distribution of medical devices. Today, PROSYFAPE Group remains committed to its values and on the path that its founders initiated, always looking for new investments related to the proper qualitative storage and distribution of its products, to enhance its deep supply chain expertise for the satisfaction of its pharmacies, combined with strong supplier relationships. Our 310-strong staff, along with the Board of Directors, pledge to deliver the right product, at the right amount, in time, every time, to all of its cooperative, independent pharmacies, devoted to serving only the Greek market.
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DIAMONDS OF THE GREEK ECONOMY
2020
Food Products Industrial Turnover 17,080,674 €
PROFIT BEFORE TAXES 1,884,428 €
NEOGAL S.A.
Excellent quality products
Contact details End of 1st July Str., 66100, Drama Tel.: +30 25210 21134 Email: info@neogal.gr Website: www.neogal.gr
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Dairy Industry of Drama NEOGAL SA was founded in 1964 in Drama and is one of the first dairy industries to operate in Northern Greece. It is one of the few companies that manages to survive and grow while maintaining its cooperative character, as all milk producers are also shareholders. The company is active in the production of dairy products with a significant presence in the local market and beyond, enjoying a market share of about 4% in fresh pasteurized milk nationwide, based on current data. NEOGAL receives cow, goat and sheep’s milk on a daily basis from its own farm and from the milk zone in the Drama basin, specifically from the prefectures of Drama, Kavala and Serres. Milk is collected from cooperating breeders’ pre-freezing stations and transported by privately-owned tanker trucks to the company’s facilities in Drama for processing. The company operates as per ISO 22000:2005 quality management system and ISO 14001:2015 certified environmental management system. Neogal is also certified according to BRC Issue 8. Quality control is taken care of by the firm’s own chemical lab, guaranteeing that final products fully meet the required standards. In terms of cheese products, all Neogal cheeses are produced with 100% fresh Greek milk at the modern cheese dairy in the Drama facilities, in accordance with the strictest specifications: PDO Feta cheese, Semi-Hard Cheese, White Brine Cheese, Anthotyro and Myzithra cheese. The region of Drama is distinguished by its corrugated hills and green meadows overlooking a background of fascinating landscape. In this environment, and on the farms of the breeders, the excellent quality of NEOGAL dairy products is born. The company maintains long-term contracts with producers, based on trust and transferred from father to son. In addition to traditional production methods, the modernization and awareness of the importance of respect for the environment are always taken into account, so that the guaranteed quality ensures the rational management of natural resources. The firm operates in the spirit of being an ambassador of the local region through their products and work, with the goal being to offer products of exceptional quality, safe and at competitive prices.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
NEOGAL S.A. 2017 15,581,044 € 1,413,670 € 4,461,385 € 23,044,502 € 3,704,079 €
2018 17,080,674 € 1,884,428 € 5,094,099 € 24,378,218 € 3,912,381 €
Change (%) 9.6 33.3 14.2 5.8 5.6
DIAMONDS OF THE GREEK ECONOMY
2020
Chemical Products Industrial Turnover 23,898,581 €
PROFIT BEFORE TAXES 1,673,027 €
VIORYL S.A.
Exports accounting for 40% of annual sales, with 10% of turnover spent on R&D
Nikitas Ragoussis, Managing Director of VIORYL S.A.
VIORYL SA is a Greek company established in 1946, mainly engaging in the development, production and distribution of industrial fragrances, flavours, fine chemicals, as well as plant nutrition and protection products. VIORYL’s premises are located in Afidnes, Attica (headquarters and research labs) and Thiva, Boeotia (production and warehouse). Thanks to large investments in state-of-the-art technology as well as in qualified personnel, the company is nowadays the Greek market leader, supplying clients with innovative, highquality products. The dynamic evolution in scientific research, combined with the firm’s commitment to quality and collaboration with customers, provide VIORYL with a competitive advantage that has earned the company an excellent reputation worldwide, contributing to its continuous growth. Every year, as much as 10% of turnover is spend in R&D activities, supporting four major research programs in the firm’s research laboratories in Afidnes, where 45 scientists (chemists, chemical engineers, agronomists and technicians) are employed. The company’s portfolio includes: Fragrances (industrial use), flavours (industrial use), fine chemicals (mainly natural flavor ingredients), plant health products (nutrition of plants and pest management, used in both conventional and organic farming) and insect repellent consumer products. VIORYL sales in 2019 topped €26 million, demonstrating consistent year-over-year growth. A substantial part of VIORYL’s growth comes from exports, which in 2019 accounted for 40% of total sales. The company has presence in several countries in Europe, Africa, Middle East, Far East and North America, with steady expansion every year.
Contact details 28th km Athens-Lamia National Road, Afidnes 190 14, Greece Τel: +30 22950 45 100 Fax: +30 22950 45 250 Email: vioryl@vioryl.gr Website: http://www.vioryl.gr/
VIORYL S.A. 2017 Turnover 21,568,362 € Profit Before Taxes 1,615,430 € Gross Profit 8,943,900 € Total Equity 12,311,895 € Liabilities 9,761,393 €
2018 23,898,581 € 1,673,027 € 8,965,338 € 12,459,207 € 11,139,020 €
Change (%) 10.8 3.6 0.2 1.2 14.1
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DIAMONDS OF THE GREEK ECONOMY
2020
Mantis Group of Companies
FMCG
Strong presence, comparative advantage and a modern success story
Commercial Turnover 32,991,407 €
With a dynamic presence in the Greek market since 1974, Mantis Group of Companies holds a leading position in the industry of Fast Moving Consumer Goods (FMCG) in Greece through a number of companies including Mantis Trading S.A., Fortis Trading S.A. and Attraction Solutions S.A.
PROFIT BEFORE TAXES 1,835,677 €
The group’s brand name is strongly associated with several highly recognized brands, with which it maintains long-lasting collaborations. Mantis Group’s portfolio includes well known and beloved brands, such as Red Bull (energy drink), Energizer (batteries & flashlights), Wilkinson Sword (shaving machines), Hawaiian Tropic (suncare), Pepsico-Marbo (snacks), as well as Mars (chocolates M&M’s®, Mars®, Snickers®, Twix®, Maltesers® and Bounty®, Gums Orbit® and 5®, Rice & Sauces Uncle Bens® and pet food Pedigree®, Whiskas®, Sheba®, Cesar®, and Catisfactions®) for Impulse channel. The Group represents these brands exclusively in Greece, while Energizer, Wilkinson & Hawaiian Tropic in Cyprus as well, ensuring their efficient distribution through its extensive network. In addition, the Group has expanded its presence to a number of additional markets throughout the years. Mantis Group successfully entered the health industry through Mantis Healthcare, which operates as a commercial distributor of advanced health care technologies, and recently entered the OTC market offering mainly masks and sanitizers. The Group employs a staff of over 150, with a sales team of more than 85, doing business in both Greece and Cyprus. Mantis Group continuously develops new activities and finds new products to effectively meet the needs of each customer and each single desire, focusing on strategic collaborations with famous brands through a broad distribution and associate network.
Contact details Thesi Soureza, Fyli 13341, Attica, Greece Tel.: +30 210 5512500 Fax: +30 210 5512599 Email: info@mantisgroup.gr Website: http://mantis.com.gr
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More specifically, the Group’s sales network covers 100% of Greece’s Retail sector, and distributes directly from its privatelyowned facilities (14,500sqm) to more than 800 wholesalers, while at the same time visits and serves either directly or through
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preselling more than 16,500 customers (Retail, Impulse, On premise). At Mantis, we are distinct for our extensive experience in building distinguished brands and leading positions, based upon unique products, inventive thinking, talented people, exceptional capabilities, strong partnerships and a culture to maintain excellence and attain results. The strong bonds and long lasting relationship with our customers, combined with the innovative services in the management and distribution of goods under the most updated methods, as well as the experience in building robust brands and the appetite for new endeavors, are elements that characterize Mantis Group of Companies and at the same time are its comparative advantage. For over of four decades, the Group has managed to grow and maintain a leading position in sales, consumer marketing, trade marketing, as well as innovative product management and distribution services, through collaborations with major and innovating producers, strategic investments, and the ambition to excel and succeed, being one of the most prominent distributors of consumer products nationwide. Our Mission & Vision With transparency, respect, integrity, professionalism and teamwork, we aspire to fulfill every need and meet any desire. Our priority is to create added value for our consumers, partners, suppliers and people. We constantly challenge the status quo. We prefer to create pathways rather than follow footsteps. Our vision is to be an unmatched leader in the way we innovate in our business, by offering premium products and services to our customers and consumers. We envision to be eminent for our business
›››››› effectiveness in building strong and highly recognized brands, long-term and trusted partnerships and innovative supply chain and distribution management services & methods. All of the above help the Group secure recognition and loyalty from consumers, partners, suppliers and the general public. Our Strategy Our strategy is aimed at continuously expanding our activities to new business fields, through strategic partnerships with best-in-class, innovative and game-changing emerging firms. By cross-transferring our experience and competences from our diverse business units, we aim to optimize utilization of our capacities in order to serve more people and needs nationwide. Financial details In 2018, Mantis Group generated 32.9 million in Net Sales, delivering a steady annual growth of 3.9%. We recorded an accelerated growth of 70.9% in EBITDA compared to the prior year, confirming our effective operating performance, while our Net Profit reached 1.8 million. Our strong financial statements are enabling us to improve our financial position and focus on future organic growth. The double-digit increase in Total Equity (14.8%) also reflects that financial strength of Mantis Group. Going forward, our objectives remain consistent and clear - balanced growth, cash generation and navigation of new investment opportunities.
Mantis Group of Companies 2017 2018 Turnover 31,749,593 € 32,991,407 € Gross Profit 11,467,473 € 11,883,848 € EBITDA 1,708,570 € 2,919,352 € Profit Before Taxes 512,848 € 1,835,677 € Total Equity 8,343,287 € 9,575,896 €
Change (%) 3.9 3.6 70.9 257.9 14.8
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DIAMONDS OF THE GREEK ECONOMY
2020
DEFENSE, SECURITY & HIGH TECHNOLOGY Industrial Turnover (2019) 34,955,185 €
PROFIT BEFORE TAXES (2019) 2,088,694 €
THEON SENSORS
Operational superiority & safety through the best-in-class night vision, thermal & SWIR systems
Thomas Dakos President and CTO THEON SENSORS
Contact details 57, I. Metaxa Str., 19441, Koropi, Athens, Greece Tel.: +30 210 66 41 420 Fax : +30 210 66 44 093 Email: info@theon.com Website: www.theon.com
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THEON SENSORS is an Original Equipment Manufacturer (OEM) of Night Vision and Thermal Imaging systems, with headquarters in Athens (Koropi), offices in Kempen, Arlington, Abu Dhabi and Singapore, and strategic industrial partners in US, India and Indonesia. With contracts in more than 50 countries around the world, THEON SENSORS has established itself as a real global leader in the Night Vision and Thermal Market. Best in Class Night Vision, Thermal & SWIR technologies for man portable and platform integrated systems All products are in-house designed by a team of experienced and qualified engineers covering all related engineering disciplines, such as optical, mechanical, electronics and system design. Emphasis is given on providing high performing and ergonomically advanced systems that increase end users’ safety and mission success rate during night operations. Our specialty is the customization of systems to end users’ particu-
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lar requirements. Through a fast track design and in-house prototyping procedure, we are able to respond to modification requests in a shorter time than anyone else in the industry. THEON SENSORS consults its customers on the selection of the right system for the particular operator and mission profile, and provides training courses at all levels. Professional and complete after sales support is another key element of the company’s international success, with complete local maintenance support solutions that help the end user make the right investment decisions with the best logistic and support infrastructure. All THEON SENSORS systems are rigorously tested prior to market entry, following military standard test procedures and highest quality assurance and control criteria. The company operates under a Quality Management System in accordance with the requirements of EN ISO 9001:2015 and ISO 14001:2015 for Design, Production and
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Trading of Electro-optical systems. The manufacturing facilities and company staff have NATO security clearance for defense related projects. MAN-PORTABLE NIGHT VISION AND THERMAL SYSTEMS Night Vision Monoculars and Binoculars Night Vision Clip-on Afocal Sights Thermal Clip-on Afocal Sights Customized targeting and observation systems PLATFORM BASED OPTRONIC SYSTEMS Driver Viewers (Day/Night, Thermal, fused) Vehicle targeting cameras (Day/Night) Customized platform based optronics systems
NIGHT VISION AND THERMAL VISION TRAINING Theory, Basic Principles and Existing Technologies Preventive and Corrective Maintenance Spare Parts Provisioning THEON SENSORS is part of EFA Group EFA Group consists of companies that have a leading-edge position in the international markets in the fields of aerospace, security, defense and industrial coopera-
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
tion. EFA Group employs more than 240 people in total, most of them scientists and engineers, and has established itself as a leader in its field in more than 50 countries worldwide. EFA Group includes: THEON SENSORS (Night Vision and Thermal Imaging Systems), EFA Ventures (Industrial Cooperation Projects), SCYTALYS (Datalinks, Interoperability, Command & Control Systems), DEFENDER (Panoramic Cameras, Image Analysis & Processing Systems), ES Systems (Sensors based mainly on MEMS and IoT), and the Epicos global B2B information platform for the ADHT Industries.
THEON SENSORS S.A. 2018 2019* 28,319,268 € 34,955,185 € 1,791,689 € 2,088,694 € 7,037,610 € 8,490,978 € 11,976,520 € 13,310,103 € 16,566,870 € 24,873,276 €
Change (%) 23.4 16.6 20.7 11.1 50.1
* (Not posted yet)
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DIAMONDS OF THE GREEK ECONOMY
2020
SECURITY & CONTROL SERVICES
ZARIFOPOULOS S.A.
Turnover
ZARIFOPOULOS, founded in 1972, is involved in the design, import, supply, installation, maintenance and distribution of a variety of Security and Control Systems, from leading manufacturers and system companies worldwide, in areas including: Security, Fire Detection, Fire Extinguishing, Fire Fighting equipment, CCTV & Video image transmission, Access Control, and Building Energy Management. The company has maintained a steady growth rate over the years with regard to supplied systems and services, while in terms of gross income, number of employees and sales, it has established itself as the market leader for safe and secure environments. The firm enjoys increasing growth rates, as verified by the large number of specialized projects being entrusted to the company, and its excellent annual financial results, all attributed to the firm’s continuous effort for the commissioning of projects, characterized by consistency, quality and after-sales support. ZARIFOPOULOS maintains a very strong private-sector client base, including major technical constructors, major supermarket brands, hotels, industry, and the majority of the Greek banking sector, and has also completed numerous major projects in the public sector, including infrastructure projects, Olympic facilities, archaeological sites and museums, universities, ministries, public utilities, etc. Throughout the 48 years of the firm’s successful operation, Zarifopoulos has under-
The Company of choice for safe and secure environments
21,873,650 €
PROFIT BEFORE TAXES 1,457,666 €
Takis Zarifopoulos, CEO of Zarifopoulos S.A.
Contact details 14 Dodekanisou, 14235 Nea Ionia, GREECE Tel.: +30 210 2713970 Fax: +30 210 2779542 Email: sales@zarifopoulos.com Website: www.zarifopoulos.com
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taken and successfully delivered a large number of projects of exceptional complexity, in various countries besides Greece, including Cyprus, United Kingdom, Romania, Bulgaria, Pakistan, Jordan, Syria, Algeria, Ghana and Nigeria. Zarifopoulos is based in Athens, in privatelyowned premises, and operates as many as eleven (11) branches throughout Greece, while being also present in Bulgaria, Cyprus and Albania. The firm is committed to continuous investment in innovative products and services, while constantly upgrading personnel expertise, to safeguard growth sustainability and healthy finances. The company operates in accordance with ELOT ISO 9001:2015, ISO 27001:2013, ISO 45001:2018, ISO 14001:2015 standards, as stipulated by the inspection and certification organization TUV HELLAS. Zarifopoulos’ efforts are constantly focused on the systematic qualitative control of the supplied systems and services, quality improvement, standardization of procedures, and operation based on a modern organizational structure. ZARIFOPOULOS GROUP 2018 Turnover 21,873,650 € Profit Before Taxes 1,457,666 € Gross Profit 11,159,887 € Total Equity 10,457,189 € Liabilities 19,162,186 €
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PROJECTS AMONG OTHERS: INDUSTRY ELPE Viohalco Raycap Sunlight DESFA Electricity Power Stations (UK) Industrial and biological waste treatment plant (Sofia) Hellenic Dairies Thrace Plastics Group
INFRASTRACTURE 14 FRAPORT Regional Airports Attiko Metro Attiki Odos Ionia Odos Motorway OSE Railway Stations Thessaloniki Metro Aegean motorway New Port of Patra Aposelemis Dam, Heraklion Crete
MUSEUMS National Archaeological Museum of Athens Stavros Niarchos Foundation Cultural Centre Museum of the Basil & Elise Goulandris
Foundation in Athens Onassis Cultural Centre Teloglion Foundation of Art A.U.TH. National Museum of Contemporary Art Environment Museum of Stymphalia Koventarios Municipal Library and Museum of Kozani Benaki Museum
BANKS
Costa Navarino Grand Resort Lagonissi Grecotel
SUPERMARKETS AB Vasilopoulos Sklavenitis Metro The Mark Cash & Carry
Alpha Bank National Bank of Greece Bank of Greece Eurobank Piraeus Bank Optima Bank Citibank
HOTELS Hilton Athens Makedonia Palace Amanzoe Kings Palace Patmos Aktis Aldemar Electra Palace Mayia Exclusive Caravia Beach Anemos Luxury
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DIAMONDS OF THE GREEK ECONOMY
2020
PHARMACEUTICALS Industrial Turnover 8,442,717 €
PROFIT BEFORE TAXES 1,251,965 €
ADELCO S.A.
Adelco history: From “birth” to now…
Evangelos Colocotronis, President of Adelco SA
Contact details 37 Piraios St. 183 46 Moschato, Attica, Greece Tel.: 210 4819.311 Fax: 210 4816.790 Website: www.adelco.gr E-mail: info@adelco.gr
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A family, almost a century of history, and a company that continues to enjoy a dynamic presence, are the essence Adelco’s corporate identity. The story behind the firm begins a short while after the Asia Minor Catastrophe and the destruction of Smyrna in 1922, when the Kolokotronis family was uprooted and their lives changed forever. The quiet and prosperous life of Greeks living in Asia Minor was overthrown by the Creco-Turkish War of 1919-1922, and Kolokotronis family was among 1.5 million Greeks who relocated as refugees in Greece. Here, they had to rebuild everything from scratch, and adapt to new conditions for their survival. The great fire of Smyrna had left a flame in their hearts which became a vision. In 1934, in Athens, brothers Omiros and Orestis Kolokotronis founded the E. Kolokotronis Athens Paint Factory SA, which was to play an important role in Modern Greece’s industrial history. Adelco’s growth was rapid and the company proved to be strong enough to survive World War II. Kolokotronis brothers, as employers, shared a very strong sense of humanity, and having lived through the Destruction of Smyrna, they felt the pain and struggle for survival, proving in practice their humanistic qualities and compassion. During the war and the famine, the Athens Paint Factory supported its employees and the local community with food and other vital supplies. Another strong element that runs deep in the company’s philosophy since its inception is the sense of “family” it shares with employees. In the 1950s, the company focused on pharmaceutical products, under the “Adelco” logo. It soon became a recognizable firm and one of the fastest growing companies in Greece. By gaining the recognition and appreciation of the medical community, it set even higher goals for stricter quality standards. However, apart from the pharmaceutical activity, Kolokotronis brothers decided to expand into other consumer products by offering a range of items for daily use. During the 1960s, Adelco introduced OM-OR, the first shampoo made and marketed in Greece, as well as the first fluoride Adelco Toothpaste. The two products dominated the market and established Adelco as a solid brand name. As the hard work and vision of the Kolokotronis brothers remained alive through the years, a new family member took over the reins of the company. In the early 1980s, Adelco - Athens Paint Company E. Kolokotronis Bros SA was founded, headed by Evangelos Kolokotronis, whose belief is: “High quality is the core value and the primary responsibility for a pharmaceutical company like Adelco.” Under E. Kolokotronis, the firm developed its dynamic path along the objective to play a dominant role in domestic and foreign markets. In the 1990s, the company embarked on an ambitious plan to expand activities internationally and gain increasing market shares. An independent export department was established and the company has since successfully entered several markets in the Middle East, North Africa, Eastern Europe, and the Far East. Enjoying a strong presence in international markets, Adelco, in 2000, focused on upgrading facilities. Investments were made in new production machinery and developing new products. Human resources has always been the driving force behind the firm’s efficiency and dynamic course through the years, with expert and loyal employees staffing the sales, marketing, exports, production, R&D, quality control and quality assurance departments. The company’s current portfolio includes a large number of activities both in the pharmaceutical sector and the field of cosmetics and food supplements. Adelco is a vertical and modern production unit (10,000sqm), with 90 specialized employees and executives, as well as with an effective network of representatives throughout Greece and internationally. Adelco has been on a path of steady evolution for over a century, maintaining a strong relationship of trust with consumers and always giving priority to the high quality of its products.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ADELCO S.A. 2017 8,055,421 € 1,658,892 € 5,140,394 € 6,224,440 € 11,182,711 €
2018 8,442,717 € 1,251,965 € 5,108,216 € 7,177,613 € 11,309,565 €
Change (%) 4.8 -24.5 -0.6 15.3 1.1
DIAMONDS OF THE GREEK ECONOMY
2020
MEDICAL DEVICES Commercial Turnover 26,441,479 €
PROFIT BEFORE TAXES 1,627,059 €
MEDICARE HELLAS S.A.
Standing up to your expectations
Athanasios Markopoulos, President & CEO
Contact details 2 A.Kalvou St. & Paleologou St., Halandri 15232, Athens, Greece Τel.: +30 210 6080143 Fax: +30 2106003165 Website: www.medicare-hellas.gr
MEDICARE HELLAS has been active in the healthcare industry for over three decades. The company was founded in 1986, with a scope to provide Hospital units with high quality medical devices and disposables. Ever since its inception, Medicare Hellas has worked closely with Johnson & Johnson Hellas as an official and authorized representative of its leading medical products. Subsequently, our company enriched its product mix through successful distribution & exclusive partnership deals with leading European and US manufacturers for representing their brands. As of 2017, the firm is the exclusive distributor of Cardinal Health Company in Greece with the well-known CORDIS and other medical products. Through dedication and sound business and operational choices, Medicare Hellas is able to constantly expand its medical product range, and presently offers a large set of solutions to healthcare scientists and delivers innovative medical technology products to both private and public healthcare units nationwide, as well as private practices. The success story of MEDICARE HELLAS S.A. is mainly due to: ● A flexible, trustworthy, functional and result-oriented business scheme. ● A carefully built network of key partners and business alliances, which ensures a broad range of excellent innovative products with high potential. ●A solid and loyal customer base. ● An effective, well-trained sales team highly committed to satisfying customers’ needs and delivering after sales services. They willingly offer tailor-made solutions, on-site support and technical education on product usage and specifications to all interested healthcare professionals. OUR VISION With an eye on society’s changing healthcare needs, the company is committed to providing the medical community with unique, innovative, high quality, branded and cost-effective therapeutic and diagnostic products, thus contributing to the advancement of good health and improvement of people’s quality of life. OUR MISSION The firm’s strategy is determined by the constant values that govern every sector of its activity. OUR VALUES ● A consistent, sound business strategy based on ethics and clear corporate practices. ●C onsistency, reliability, professionalism and flexibility have established the company as the most trusted partner of people in the scientific community and health professionals. ● A passion for winning: Achieving the highest performance in every segment. At MEDICARE HELLAS, we are all proud to say that in the past three decades we remain dedicated to our principles but also managed to evolve into one of the leading Greek companies in the medical device sector. Over the years, we have consistently invested in the highest quality of our products and services. Our workforce, a team of well-trained and carefully selected professionals has always been the pillar of our success. We face the challenges of today, we set our eyes in the future and we invest in innovation with business Ethos. I 207 I
DIAMONDS OF THE GREEK ECONOMY
2020
NEF-NEF S.A.
Homeware
A Greek company with a leading role in home textiles
Commercial Turnover (2019) 17.640.000 €
Company’s product categories Bedroom: Bedsheet sets, Flat & fitted sheets, Duvet cover sets, Bedspreads, Duvets, Quilts, Blankets, Pillowcases sets, Decorative cushions, Mattress pads and mattress protectors and Pillows. Living room - Dining room: Throws, Decorative Cushions, Decorative Runners, Rugs, Tablecloths and Home fragrances. Kitchen: Tablecloths, Table runners, Placemats, Kitchen Towels, Kitchen rugs, Cushions (chair, decorative and box) and Aprons Bathroom: Bathrobes, Solid towels, Fashion towels, Embroidered towels, Bath mats, Bath accessories and Shower curtains. Junior: Bedsheet sets, Duvet cover sets, Quilts, Bedspreads, Blankets, Decorative cushions, Towel sets, Bathrobes and Rugs. Baby: Cradle & cot bed bedsheet sets, Cot bed duvet cover sets, Cradle & cot bed blankets, Cot bed bedspreads and quilts, Cot bed duvets, Cot bed bumpers, Bathrobes & cloaks, Towel sets, Mattress protectors and Pillows. Beach Towels: Pestemal towels, Jacquard towels (in several dimensions and qualities), Printed towels, Round towels, Microfiber towels and Junior beach towels. Seasonal – Christmas: Tablecloths, Table runners, Decorative runners, Decorative cushions, Towel sets and Decorative accessories.
EBITDA (2019) 2.200.000 €
Alexandros Kleideris, President & Managing Director Konstantinos Kleideris, Vice President & Managing Director
Contact details Dalias 9, Acharnes, 13677, Athens, Greece Tel.: +30 210 2462042 Fax: +30 210 2440855 Email: info@nef-nef.gr Website: www.nef-nef.gr
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Business Units ● Fashion : 200 Shops – Traditional stores. ●R etail : 7 Corporate stores ( 2,350 m2 retail space in total) ●4 5 shop in shop in Greece, Cyprus , Montenegro, Albania, Romania, Bahrain ●H otel : 2000 Hotel units and chains, Hospitals, Marine companies ● E -commerce : Corporate e-shop ● E xports : Cyprus, Balkans, Middle East, North Africa Vision To create Linen Products that excite consumers, making our brand their first choice.
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Strategy Quality products targeted to middle - high end market segment in a wide range of home categories. Values Sincere interest, respect, integrity, honesty and legitimacy to our employees, customers, partners, society and the environment. Important Milestones: 1961: Establishment of the personal company “Dimosthenis Kleideris” which deals with production and trading of home textiles. 1976: Moved to owned facilities that are high-tech equipped. 1991: NEF NEF HOMEWARE brand is introduced 2004: In cooperation with ADIDAS we create the towel and bathrobe series for the Olympic Games in Athens «ATHENS 2004». 2007: Retail extension by creation of 45 sale points (shop in a shops) in Greece and 13 in Cyprus. 2009: Cooperation with Hallmark – Forever Friends Licensing Peanuts, Snoopy Licensing 2012: Cooperation with WWF Greece. 2013: The first NEF NEF Homeware retail shop opens at Halandri – Athens 2014 – 2020: NEF NEF has 7 retail stores – a total of 2,350 m2 - in Athens and Thesaloniki. 2020: NEF-NEF is a Greek Company with a leading role in houseware section offering value-for-money branded products. NEFNEF continuously invests in research and development, new technologies, respecting its partners, customers and environment. Company’s staff consists of 118 fulltime employees. Corporate Responsibility The action of hundreds of environmental NGOs and volunteer environmental groups across Greece, has yielded remarkable results in the struggle for environmental protection. Recognizing the enormous importance of local NGO action, WWF Greece pro-
›››››› vides active support by transferring knowledge and building capacity to local civil society. Through seminars, the production and distribution of thematic manuals and the operation of its Citizen’s Legal Support Group, WWF Greece builds on its vision that “together, we can make a difference, for a living planet!” Our environmental sensitivity and consciousness led us to alternative methods for the Energy savings. In 2012 NEF-NEF proceeded with the installation of photovoltaic systems on the roof of our housing facilities whose power comes to 80KWp. The avoiding pollutants (CO2) comes to 80 tones. Considering the fact that two forest hectares absorb 1.3 tones CO2, the specific construction equates with 123 forest hectares. Social responsibility is one of NEF-NEF’s basic values. It ’s primary commitment is to support community groups facing serious problems. The centerpiece of our sponsorship plan focuses on the fight against poverty and social exclusion.
NEF-NEF contributes to the environmental protection by participating actively in the alternative collective management recycling system and is always consistent with the law and all European regulations. The Institute of Corporate Responsibility (CR Institute) evaluated the performance of our company in terms of Corporate Social Responsibility in the four main pillars: Employees, Environment, Society and Market. As a result our company received the distinction CRI PASS. NEF-NEF holds the Oeko-Tex® certificate which is a globally uniform testing and certification system for textile materials, intermediate and end products at all stages of production. All our product line is made out of eco friendly materials and do not contain substances or processes prohibited by law, chemicals which are known to be harmful to health especially to babies and kids. This adds another quality guarantee to our products, a unique service to our valuable customers.
Turnover EBITDA
NEF-NEF S.A. 2018 16.474.010 2.005.587
2019 17.640.000 * 2.200.000 *
*Estimate
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DIAMONDS OF THE GREEK ECONOMY
2020
SERVIER HELLAS PHARMACEUTICALS LTD.
PHARMACEUTICALS
Servier, an independent Group committed to therapeutic progress to serve patient needs
Commercial Turnover 21,966,159 €
PROFIT BEFORE TAXES 1,230,532 €
Frédéric Fouilloux, General Manager, Servier Hellas & Cyprus
Contact details 7 Fragkoklissias St., 151 25 Maroussi - Greece Tel. +30 210 93 91 000 Website: www.servier.com
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Servier is an independent international pharmaceutical company, governed by a non-profit foundation, with headquarters in Suresnes, France. Since the opening of its first laboratory in 1954 by Dr. Jacques Servier, the company has been committed to therapeutic progress to serve patient needs. Through its actions, it contributes to transmit to future generations a world that can ensure access to quality healthcare for all. Operating in 149 countries, Servier is the 33rd largest pharmaceutical company worldwide, with 22,000 collaborators employed and a revenue of 4.6 billion euros in 2018/2019. Due to the unique in the pharmaceutical sector foundation ownership, the Group’s governance structure allows the reinvestment of all of its profits into therapeutic progress and the development of its activities. Up to 25% of brand-name medicine revenue is annually invested in R&D. Corporate growth at Servier is driven by the continuous pursuit of innovation in five areas of excellence: cardiovascular, immuneinflammatory and neuropsychiatric diseases, oncology and metabolism. Leader in cardiology – number 2 in Europe, 6th largest player worldwide* – with the ambition to become a recognized player in oncology. As many as 100 million patients are treated daily with Servier medicines under a comprehensive healthcare offering: a wide range of Servier brand-name medicines, quality generic medicines and digital technology for tomorrow’s healthcare. The Group’s three research institutes are continuously involved in creating, testing, and developing new medicinal products, manufactured and packaged in 16 production sites around the world. Servier has an active network of international partnerships with more than 40 active alliances worldwide and is investing in e-health through WeHealth, improving the daily lives of patients and professionals through digital technology. All Servier employees are driven by shared values – Dare to innovate, Grow by sharing, Care and Commit to succeed – and guided by a common vision. Together they share
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the passion of entrepreneurship and commitments: Patient-IN: Servier, puts patients first. They are at the heart of each of its activities. Servier strongly believes that the best way to meet their current and future needs is to work with them. And this governs all of its considerations, decisions, and actions – from basic research to getting a medicine to market. Ethics: Servier thoughts and actions comply with the laws, regulations, and good practices of the countries where it operates, while also respecting their culture. They are guided by ethical considerations, in accordance with rules of conduct (compliance) and its corporate social responsibility. Compliance: Compliance rules help each employee act in accordance with the standards of integrity and ethics of the Group. These apply to all employees and executives in each and every country where Servier operates. Corporate Social Responsibility: Servier aims to protect the environment and create economic, social and therapeutic value, taking into account the expectations of patients and other stakeholders. CSR at Servier is a shared and meaningful project fully integrated into its corporate strategy through
›››››› a vision to contribute to providing quality healthcare to all. Servier Hellas, with more than 40 years of presence in the Greek market, is among the first historical subsidiaries of Servier group. It has been significantly supporting the Greek economy, and enjoys high levels of preference by Greek patients. With a major asset being its human resources, Servier Hellas will keep investing on its people as they are the key players of this success story in Greece.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SERVIER HELLAS PHARMACEUTICALS LTD. 2017 2018 25,737,434 € 21,966,159 € 1,380,312 € 1,230,532 € 12,884,122 € 12,381,519 € 10,215,807 € 10,969,426 € 3,667,838 € 7,287,397 €
Change (%) -14.7 -10.9 -3.9 7.4 98.7
* Source: IQVIA Analytics Link, MAT Q3 2019 - 74 countries
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DIAMONDS OF THE GREEK ECONOMY
2020
FOUFAS BROS S.A.
Food Products
60 years Greek, extra Virgin Olive Oil
Commercial Turnover 8,794,314 €
PROFIT BEFORE TAXES 1,229,987 €
Contact details Doliana, Kynourias, Arcadia, 22001 - GR Tel.: +30 2755 041251 041031 Fax: +30 2755 041030 E-mail: foufasg@otenet.gr Site: www.foufas-oliveoil.gr
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The company was established in 1960 by Helias O. Foufas, at Doliana Kynourias, in the middle of Peloponnese, at the Southern part of Greece. We operate in the business of processing, manufacturing and trading of edible olive oils. Our strategy of continuous investment on cutting edge technologies fostered our company’s position throughout the years, resulting to a leading position within the Greek market and with considerable exports around the globe. We produce all qualities and types of olive oil (i.e., salad, virgin, extra virgin) as well as Pomace olive oil, soy oil, corn oil and sunflower oil. Finally, the company (family) has been in our possession 3000 olive trees who cultivate with Inspired and the result is an amazing Greek extra virgin olive oil. Food Regulation & Safety Our company complies to the latest IFSISO - HACCP European and International quality standards. During our operation we have been distinguished for our exemplary production facilities (3000 m2), and our constant commitment for quality excellence throughout all phases of production, from olive crop selection to finished product. Our firm has been awarded several times in the past. Last year we won the EU prize for the best olive oil in Europe. Plant Equipment – Production Capacity Our plant production facilities demonstrate a fully automated distillation - refinement unit, as well as flexible - high capacity filling and bottling systems for all kind of packaging materials. (glass, plastic, metal) A fully equipped – state of the art laboratory for quality assurance, is in full operation on a daily basis. The plant’s daily production capacity can process a total quantity of 80 tons crude olive oil, into finished packaged goods of various packaging materials and sizes. Product Portfolio We manufacture a wide range of olive oil varieties and seed oil qualities: ● extra virgin olive oil ● virgin olive oil ● olive oil
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● kernel oil (refined and 5% virgin) Olives ● seed oil Our most common seed oils are: ● Corn oil ● sun-flower oil ● Soya oil ● cotton-seed oil All aforementioned varieties are available in various forms of packaging: ● glass bottle, (content: from 0, 25 lt to 1 lt) ● plastic bottle, (content: from 0,5 lt to 2 lt) ● metal container, (content : from 3 lt to 10 lt) ● plastic container, (content : from 5 lt to 10 lt) When not trading bulk quantities, we usually pack in 250ml, 500ml, 750ml, 1liter glass bottles 1 liter, 2 liter, 3 liter, 5 liter plastic 3 liter, 4 liter and 5 liter cans. Sales Evolution – Exports Orientation The company’s growth pattern has been particularly rapid, both within the national market as well as in various foreign markets. Focusing on the high quality of its prod-
›››››› ucts, the company has expanded abroad, targeting the highly demanding European and United States markets. We currently export, among others, to China, USA, Australia, Germany, Austria, Hungary, Sweden, Filand and Poland !!! Our assets and cash flow liquidity are considered to be our most essential strongholds for further future growth at low risk level.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
FOUFAS BROS S.A. 2017 9,234,282 € 998,526 € 1,631,556 € 5,718,182 € 1,411,247 €
2018 8,794,314 € 1,229,987 € 1,930,571 € 6,581,804 € 897,819 €
Change (%) -4.8 23.2 18.3 15.1 -36.4
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DIAMONDS OF THE GREEK ECONOMY
2020
SOLERGON S.A.
Constructing & Manufacturing
Construction and Manufacturing in the energy sector
Industrial Turnover
SOLERGON S.A. is a construction company involved mainly in the energy sector. Established in 2005, SOLERGON is a recognized, trusted partner committed to construction projects and having as main principle the fulfilment of quality assurance and time schedule targets. SOLERGON specializes in the construction of integrated projects while its areas of expertise include the following: ● Energy Turn Key Projects in thermal power plants; ● Turn Key photovoltaic parks; ● Manufacturing, including detailed engineering, of composite steel structures, High Pressure parts, preassembled equipment, vessels, tanks, complete conveyor systems, ducts, pipe racks and steel buildings; ● Manufacturing of PV mounting systems; ● Retrofits and upgrades to improve power plant efficiency - equipment performance - emissions; ● Maintenance of boilers and Gas Turbines; ● Erection of Gas Turbines, Generators and Piping;
15,890,222 €
PROFIT BEFORE TAXES 1,183,758 €
Anastasia Karaliopoulou, CEO
Contact details 57 Kefallinias St., 11251, Athens, Greece Tel: +30 210 86 75 229, Fax: +30 210 38 00 733 Email: solergon@solergon.gr Website: www.solergon.gr
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● E lectrical engineering (LV, MV, I&C), Detail Mechanical Engineering. In a highly competitive environment, our projects, structures and personnel are quality certified as per the latest EN standards for production control, quality procedures, safety at work and environmental protection. The company is headquartered in Athens and the manufacturing facility - workshop is located in Western Macedonia, close to Greece’s northern borders, in a nationally sensitive area of growth based on thermal power plants. The factory is in a proprietary area of 28.000 m2, with production covered area of 5.000 m2, properly equipped to perform fabrication of complex steel structures. SOLERGON is active in Greece and Cyprus while exports steel structures and erection services to other EU countries, having as main target an extrovert and innovative profile. With annual sales of €23 million in 2019, the firm employs a staff of 180 while occupies 150 individuals from subcontractors. A significant part for the company’s growth comes from the cooperation with major cli-
›››››› ents such as TERNA, PPC, and MITSUBISHIHITACHI. Having a successful and upward course substantiating its credibility in the field of constructions and manufacturing, the company has grown over the years while continuously investing in human resources, technology, facilities and new machinery. SOLERGON is identified by the accountability of its people and the impeccable performance of duties always having as first concern to satisfy and build bonds of trust with customers through successful technical solutions while conducting business within the rules of fairness, integrity, honesty and respect. SOLERGON keeps investing in people and facilities, creating a safe working environment and outreaching the Greek borders. Our people have been and will be our main asset, since their skills, motivation and team work are the main driver of company success, further development and sustainability of our sector. Since the energy sector, our core business, is rapidly changing to the new era of “lignite phase out”, we are changing our business strategy, investments and production plan. We are confident that we will succeed in the new business environment provided that the Greek State will be quick enough to follow. “A plan is what, a schedule is when. It takes both a plan and a schedule to get things done.”
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SOLERGON S.A. 2017 9,890,631 € 859,636 € 1,213,506 € 11,028,016 € 6,383,080 €
2018 15,890,222 € 1,183,758 € 2,445,759 € 11,795,398 € 8,511,581 €
Change (%) 60.7 37.7 101.5 7.0 33.3
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DIAMONDS OF THE GREEK ECONOMY
2020
Closures - Bottles Machinery - Equipment Commercial
A.G. COROPOULIS S.A.
Carrying on a legacy of 127 years of creativity
A.G. Coropoulis SA, established in 1893, produces and imports Closures, Bottles, Packaging Material and Machinery/Equipment for a large number of industries, including wine, distillery, pharmaceutical, beverage, water, olive oil, food, cosmetics, etc. The firm is identified by the high quality of its products and the continuous service and technical support to its customers. In addition, Coropoulis is distinguished for its reliability and consistency while maintaining long-term relationships of trust and friendship with customers. The company’s modern organization and valuable partners enable it to successfully meet even the most demanding customer needs, in terms of both quality and quantity. Products & Services: ● Machinery/Equipment ● Aluminum Screw Caps ● Twist Caps ● Crown Caps ● Plastic Caps ● Pharmaceutical Caps ● Cork Stoppers ● Bottle Capsules ● Synthetic Corks
Contact details 118 Kryoneri Ave., 14568 Kryoneri Attiki, Greece Tel.: +30 2108161202 Fax: +30 2108161280 Email: info@coropoulis.gr Website: www.coropoulis.gr
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● T-Shape Stoppers ● Glass Closures ● Oak Barrels/ Tanks ● Alternative Oak Products ● Glass Bottles ● Glass Jars ● Tubes ● Cosmetics’ Packaging ● Aluminum Cans
DIAMONDS OF THE GREEK ECONOMY
2020
Chemical Products Industrial Turnover 48,177,758 €
PROFIT BEFORE TAXES 1,125,768 €
Syngenta Hellas
Helping farmers contribute to global food security
Contact details Anthousas Avenue, Anthousa Attikis, 153 49, Greece Tel.: +30 210 6666 612 Fax +30 210 6665 777 Website: www.syngenta.gr
Syngenta is one of the world’s leading companies with more than 28,000 employees in more than 90 countries, dedicated to our goal: To bring the potential of plants to life. We are a business that helps humanity face the toughest of challenges: how to feed an increasingly growing population in a sustainable way. Our world-class scientific solutions and innovative products are changing the way we cultivate, allowing millions of farmers to make better use of the resources available. We provide products and solutions that help farmers contribute to global food security for a growing population in a sustainable manner. We work by looking at agriculture through the eyes of growers, applying world-class science to develop plant protection products and seeds. Syngenta Hellas employs a highly-trained staff of 150, working in the following areas: Plant Protection, Field Crops, Vegetable Seeds, and Public Health Products. The firm’s Oinofyta plant, in which new investments, valued at 12 million euros, have been made in recent years, continues to manufacture and standardize Plant Protection Products for more than 70 countries. The people working for Syngenta Hellas are internationally recognized for their teamwork, expertise, passion and performance, and together with our partners they are regarded as the Company’s best asset. Our ambition At Syngenta we play a vital role in the food chain, both for the production of safe food and the protection of our planet. It is our ambition to be the most cooperative and reliable team in the field of agriculture, providing top innovations and products to enhance the wellbeing of farmers anywhere. Corporate social responsibility Responding to the difficult conditions that our country is going through, and taking into account the extremely urgent and unpredictable need to deal with the negative consequences as a result of the Covid-19 pandemic, Syngenta Hellas took the following steps: A. In consultation with the Ministry of Health, the Company helped meet the cost of medical equipment and materials needed to treat the pandemic and limit its spread. B. Launched a corporate TV campaign aimed at conveying the message that we continue to work together with heroic farmers, transporters, distributors, the agro-industry and the retail sector to feed the community during this crisis. C. With the help of technology and the “CONTINUING TOGETHER” program, Syngenta staff managed to stand by Greek farmers through online conferences and gatherings, while more than 1,200 farmers received special kits containing hard-to-find personal protective items during the lockdown (masks and gloves for chemical protection).
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
SYNGENTA HELLAS 2017 50,027,997 € 1,338,934 € 11,616,966 € 8,266,310 € 27,021,806 €
2018 48,177,758 € 1,125,768 € 11,386,827 € 8,476,313 € 25,337,534 €
Change (%) -3.7 -15.9 -2.0 2.5 -6.2
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DIAMONDS OF THE GREEK ECONOMY
2020
VITEX S.A.
Chemical Products
We are moving with a comprehensive social responsibility strategy in the COVID-19 era: 1,000 Rooms in 10 hospitals in 5 countries have been painted with certified Vitex antimicrobial paints
Industrial TURNOVER (2019) 44.35m €
PROFIT BEFORE TAX (2019) 875,000 €
Constantine N. Yannidis, President of B.O.D.
Contact details Imeros Topos, 19 300, Aspropirgos, Attica, Greece Τel.: +30 210 5589400 info@vitex.gr http://www.vitex.gr
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VITEX S.A. is the largest Greek-owned manufacturer of architectural paints. In the period 2015-2019, the firm saw its growth rate jump by an approximate 44% in net sales, with a 41% increase in the number of staff. The company’s excellence and dynamic growth has been recognized, by the prestigious “Growth Awards” organized by Eurobank & Grant Thornton, as one of the Top 19 Most dynamic companies in Greece for 2018 and 2019, evaluated out of a pool of 8,000 companies for its excellent financial performance, strategy of Business Excellence, and dynamic growth. Our trusted brands are briefly described below: ●V ITEX - an integrated architectural paints portfolio for decorative and protective solutions ●H ERMES - expertise in bituminous waterproofing membranes and asphalt varnishes ●V ITEXTHERM - certified External Thermal Insulation System (ETICS) and anti-crack protection ● E UMARIA - yacht paints for outstanding durability in compliance with all international standards The Group’s activities started back in 1932 with the production and trading of bituminous paper and insulation materials in Greece. In 1960, the company expanded its business to enter production of paints and varnishes: The VITEX brand was born! It was the company’s first product in this industry. The VITEX emulsion paint was at the time a pioneering paint with innovative characteristics that included the very fast-drying time allowing for faster com-
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pletion of painting projects versus competing products of the time. Today the Group has a significant presence in Southeastern Europe, with affiliated companies in Serbia and Bulgaria, while it exports to over 20 countries around the world. The Group employs over 220 employees in R&D, sales, production, exports, marketing, quality control and product safety. VITEX has been the recipient of several prestigious awards, including Health & Safety awards, Marketing Excellence awards, Diamonds of the Greek Economy award, DIY Awards, etc. The production sites and buildings are fully privately-owned, a sign of the Group’s high capitalization. Facilities feature two individual production units, a logistics center, an R&D lab and the Group’s headquarters. On the production site, we have set high standards in terms of productivity, technology, health & safety and environmental performance. VITEX fulfils its commitments and adopts high occupational standards in health and safety processes according to the triple standards of Quality, Environment and Health & Safety (ISO 9001/14001/18001). Believing in the potential of penetrating more markets, the Group has drawn up an action plan for its expansion to several countries, in an effort to capitalize on superior product quality and the capacity of its production facilities. The VITEX brand enjoys a high awareness and preference rate in both the professional and DIY markets. Vitex has launched an integrated social responsibility strategy to support the communities in which it operates against the COVID-19 pandemic. The integrated initiative is designed to protect the health, well-
›››››› being and business continuity of painting professionals/subcontractors, the healthcare system and the paint stores. First action is the issue of a “Guide of Trust” aiming at setting the best practices for painting professionals/subcontractors who want to quote for and undertake projects in homes or office/retail spaces that are in use. Second action is the donation of certified Antibacterial Surface Protection paints (Vitex Eco - emulsion paint & Aquavit PU Eco wood enamel paint) for the protection and upgrade of more than 1000 hospital rooms in over 10 hospitals in 5 countries. Third action is the fact that although Vitex Eco and Aquavit PU Eco are the only premium quality products in the markets where they are available, and enjoy the triple certification of: (a) Antimicrobial properties, (b) A+ Indoor air quality and (c) Eco Label, their price remained unchanged at very affordable levels.
VITEX S.A.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
2018 37,630,669 € 2,400,000 € 11,406,966 € 41,383,554 € 23,591,514 €
2019 44,354,653 € 875,000 € 14,017,577 € 41,400,000 € 22,462,822 €
Change (%) 17.9 -63.5 22.9 0.0 -4.8
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DIAMONDS OF THE GREEK ECONOMY
2020
FARCOM
Cosmetic Products
A place where beauty grows
Industrial
FARCOM is a family-owned, Greek cosmetic manufacturing company founded in 1970 in Thessaloniki by Georgios Sarasidis. Since its early days of operation, FARCOM was dedicated to offering products of the highest quality to hairdressers. Over the years, maintaining its philosophy and principles, the firm expanded its range with products directed to the retail market. The year 2020 is a milestone as FARCOM celebrates its 50th anniversary of dynamic presence in the cosmetics business with high-end, top quality and aesthetic products. The company has enjoyed uninterrupted growth since its set up and ranks among the largest cosmetics manufacturers in Greece. For half a century, the company has maintained a strong presence and loyal customers in both B2B and B2C markets, raising its international presence in more than 50 countries. To date, FARCOM offers a wide product range including hair care, skin care and oral care, making it one of the leading Greek manufacturers and innovators in the cosmetics sector. The company is directed by the founder’s sons, Themistoklis Sarasidis, CEO, and Dimitrios Sarasidis, Director of manufacturing operations.
Turnover 13,055,483 €
PROFIT BEFORE TAXES 874,894 €
Themis Sarasidis, CEO
Contact details New Redestos Industrial Area, P.O. Box 60691, GR 57001, Thessaloniki, Greece Tel.: +30 2310 837 077 Fax: +30 2310 833 222 Email: sales@farcom.gr Website: http://www.farcom.gr
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For more than 20 years, FARCOM has been engaged in the manufacturing of Private Label products, offering its clients strong competitive advantages from the conception of the idea to the final implementation. FARCOM’s privately-owned headquarters are located in New Redestos Business Park (Thessaloniki), on a 31,500sqm site and 5,500sqm of premises, which houses the Finance and Administration, Sales & Marketing, Logistics, Foreign Markets and Industrial Design departments. Production takes place in its privately-owned factory in Thessaloniki, on a 17,000-sqm site and 3,500sqm of premises equipped with the most modern tools and machinery to ensure flexibility and quick response for meeting the increasingly growing market demands. Annual production capacity amounts to 13.5 million units of hair color tubes and 60 million units of miscellaneous products. The factory features a modern quality control lab, staffed with an expert team of chemists and chemical engineers, conducting checks and tests at all stages of the production process, from receipt of raw packaging materials to the release of the final product, as well as a fully equipped microbiological laboratory. Owing to increased production
›››››› needs, construction of a new factory begun in 2017 on a privately-owned, 11,500-sqm land plot in New Redestos Business Park. FARCOM operates since its inception under to the strictest requirements by the National Organization for Medicine (EOF) and European legislation. Since 2011, FARCOM is certified for its Quality Management System as per International GMP ISO 22716 Standard, for Good Manufacturing Practices by TUV AUSTRIA.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
FARCOM GROUP RESULTS 2017 2018 13,254,870 € 13,055,483 € 934,222 € 874,894 € 4,062,429 € 3,673,139 € 14,852,219 € 15,473,393 € 6,634,954 € 6,858,487 €
Change (%) -1.5 -6.4 -9.6 4.2 3.4
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DIAMONDS OF THE GREEK ECONOMY
2020
Cosmetics Commercial NET SALES 28,194
PROFIT BEFORE TAXES 1,500
INTERMED S.A.
Value for people, responsibility towards Society
Contact details 27 Kaliftaki St., 145 64, Κifissia, Attica, Greece Τel.: +30 210 6253 905 Fax: +30 210 6253 906 Website: http://www.intermed.com.gr/
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InterMed was founded in 1996 by Kleon Tsetis, a restless pharmacist who envisioned a pioneer manufacturing industry in the medical field, to contribute to the care treatment of everyday needs, as well as specific health and wellbeing issues that affect modern humans. During the years of its operation, InterMed has demonstrated a continuing upward course, focusing on exploring future prospects with regard to international scientific developments and constantly expanding its product portfolio, which is prominent for innovation and quality. The result of this course has been the establishment of InterMed in the Greek and international markets with brands such as Algofren, Unisept, Chlorhexil, Eva, Reval, Luxurious, and others. The firm now exports to as many as 36 countries around the world. The firm’s corporate strategy and contribution to the community are supported by its continued efforts for development, and the commitment and expertise of its experienced and well-trained personnel. However, InterMed also stands out not only for its dynamic brand and financial results, but for its Social Responsibility policy, just like its subsidiary Uni-pharma. This was evidenced once again during the biggest health crisis, the COVID-19 pandemic. Specifically, a month after a hefty Unikinon donation by Uni-pharma, on April 27, 2020, the president of OFET, Mrs. Ioulia Tseti, made another donation to the health system, this time of antiseptics. In particular, InterMed handed over to the Ministry of Health (after a free delivery of alcohol by the Ministry of Development), more than 14,000 liters of antiseptic for FREE, complying with WHO specifications, for use exclusively in hospitals.
Research & Development Cutting- edge Technology We are committed to research, since innovation is our daily concern, in order to offer solutions of high added-value and quality. The R&D Department collaborates directly with both the Quality Control Department and the Production Department. In addition, this department monitors new legislation related to InterMed activities, as well as innovations in pharmaceutical and cosmetic technology, thus ensuring that InterMed is in the forefront of industrial development.
Our mission, vision and values Our Vision: The contribution in healthcare and improvement in the quality of life of modern humans, through the development and production of innovative products. Our Mission: The development, production and distribution of innovative pharmaceutical and para-pharmaceutical products, cov-
Registration Department The Registration Department is responsible for the creation of the necessary files for the scientific documentation of products developed by InterMed pharmaceutical laboratories. It is also responsible for planning, organizing and supervising clinical studies, in collaboration with universities, research
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ering the daily, general and specific needs of modern humans. Facilities The firm’s headquarters are located in the northern Athens suburb of Kifissia, in a modern building complex of a total floor space of 17,000sqm. The premises comprise of: ● Headquarters and Laboratories: 8,000sqm ● Industrial Facilities: 4,000sqm ● Finished Product Warehouse: 2,000sqm ● Other Storage Facilities: 3,000sqm
Department of Pharmacology and Cosmetic Technology The Department of Pharmacology and Cosmetic Technology is responsible for developing new products and improving the ones already marketed. It is staffed with highly-trained scientists who, through collaboration with research teams and Academic Institutions all over the world, apply the latest knowledge and turns it into new innovative products consistent with the needs of modern humans, aiming at improving quality of life.
Commitment to Quality InterMed’s basic commitment is to identify and meet the needs of modern people by applying the current legislation and continuously improving customer satisfaction, product quality, social and environmental contribution. InterMed manufactures its products in accordance with applicable Good Manufacturing Principles (GMP) using pure grade raw pharmaceutical materials. To ensure excellence in its way towards quality, InterMed has been certified according to: ●E N ISO 9001:2008, for applying a quality management system in all processes; ●E N ISO 13485:2012, for applying a quality management system in development, production and distribution of medical devices; ●E N ISO 14001:2004, for applying an environmental management system. Awards and Recognitions Throughout the years, InterMed has received numerous awards by both national and international institutions for its innovative products and business practices. Indicatively, some of these awards are listed below: EFQM Recognised for Excellence - 5 stars: Throughout the ten consecutive years that the company applies the EFQM Business Excellence Model, ΙNTERMED has managed to combine business development with continuous improvement in business processes in key functional areas and to keep raising standards of excellence every time. Investors in People International Accreditation: The certification proves that the company’s management considers its people companions in the corporate development and focuses on their empowerment and securing a healthy, safe and creative future for them and their families. The award ceremony took place on November 24, 2015, at the premises of the Greek Management Association. Gold Award for Business Ethics, award-
ed by the Greek Chapter of EBEN (European Business Ethics Network): This distinction came as a result of InterMed’s commitment to the corporate Code of Conduct, as well as systematic social responsibility activities, and its established corporate governance mechanisms. Gold Award for the product EVA MYCOSIS at the BEST IN PHARMACY 2018. Eva Mycosis has been awarded as the most innovative product in the Greek pharmacies. Award as a Diamond of the Greek Economy, by the organisation Active Business (July 2018). “Excellence and Competition Award”, in the field of Health-Medicine and Beauty, as part of the Salus Index Award Scheme 2017. Gold Award - Pharmacy Market Excellence Awards 2017, for the Scientific Training of Pharmacists. “Most Influential Brand”, in the context of the Healthplex Expo, Natural & Nutraceutical Products China 2017, which took place in Shanghai in June 2017. Packaging Innovation Award 2017: Sil-
ver award for the innovative design of the product Herbofix. Silver Award for the Eva Products by InterMed, in the context of Made in Greece 2019 awards by the Greek Marketing Academy. Golden Award at the Iatronet public vote, for the Luxurious Suncare Invisible Spray, a transparent sunscreen spray with vitamin C, by InterMed, as part of the 11th Health Expo Athens, on February 8, 2020 at the Athens Concert Hall.
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centers and independent institutions in Europe.
Proud member of UN Global Compact InterMed is a proud member of the United Nations Global Compact by complying with the 17 goals for sustainable development and the only pharmaceutical industry among 30 companies in Greece that has signed the Memorandum of establishment of the Global Compact Network Hellas. A robust CSR Strategy that entails significant actions and initiatives for the environment, access to health services, quality of life and wellbeing, cultivating a culture of voluntarism and solidarity.
Values in ‘000 Net Sales yoy % Ebitda yoy % Profit Before Tax yoy %
INTERMED 2016 2017 2018 2019 * 20,452 22,848 24,799 28,194 16.0% 11.7% 8.5% 13.7% 3,203 2,996 1,591 2,200 89.3% -6.5% -46.9% 38.3% 2,519 2,311 735 1,500 93.0% -8.3% -68.2% 104.1%
Values in ‘000 Net Sales yoy % Ebitda yoy % Profit Before Tax yoy %
OFET GROUP 2016 2017 2018 2019 * 74,887 78,765 85,656 94,529 12.4% 5.2% 8.7% 10.4% 9,686 10,303 11,721 13,200 3.3% 6.4% 13.8% 12.6% 3,537 3,770 4,412 7,200 -42.2% 6.6% 17.0% 63.2%
* 2019 financial figures are not finalized. The provision of the second half 2019 Clawback, as well as the first half Clawback, have already charged the P/L, however the total Clawback of 2019 will be significantly reduced by offsetting with investments and R+D expenses of 2019.
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DIAMONDS OF THE GREEK ECONOMY
2020
Pharmaceutical Products Commercial Turnover (2019) 79,812,080 €
PROFIT BEFORE TAXES (2019) 1,839,880 €
PROFARM S.A.
More than 25 years of dynamic presence in the drug sector
Theodoros Skylakakis, CEO
Contact details 51-53, Agamemnonos, 17675, Kallithea, Attica, Greece Tel.: +30 216 0007200 Email: info@profarm.com.gr
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PROFARM SA was founded in 1993 and is among Greece’s largest drug warehouses, with an estimated Group turnover in 2020 above 100 million euros. The firm employs a staff of 105, and operates on privately-owned facilities of 2,100sqm in the Athens suburb of Kallithea. Serving more than 650 pharmacies and 100 drug warehouses on a daily basis, PROFARM operates in accordance with the ISO 9001:2015 & ISO 14001:2015 certifications. Since 2009, the firm has been active in the field of third party logistics, through a modern 1,500-sqm facility in Renti (Athens), exclusively distributing the following products: Advance Pharmacies, Viogen LTD, Heremco, Opus Materia, and LongLife. PROFARM was a co-founder of Agrinio-based drug warehouse Pharmanet SA, established in 2010. In 2012, it increased its share capital and established drug warehouse Artem Medicine in Sofia, Bulgaria, in which it held a 50 percent stake until the firm was sold in early 2018. Since 2015, Profarm has undertaken the development and exclusive distribution of the innovative products of skincare brand Bee Cera. In March 2018, the firm fully acquired drug warehouse Vaios Tsitsas SA, climbing to a leading place among Athens-based drug warehouses. The company also holds a 13-percent stake in the generic trading company Stargen Ltd. In 2019, it acquired a 50-percent stake in Medworld, adding to its portfolio the brands Dermoxen, Hemopran and Somatoline. In June 2020, Profarm entered a strategic partnership with EMMA CAPITAL, a major private investment fund of Czech interests, with holdings in many strategic sectors (banks, energy, etc.). EMMA is a familiar name in Greece since long ago, as it holds a stake in OPAP and recently submitted a non-binding 600-million-euro bid for the acquisition of Vivartia. EMMA’s already successful presence in Greece, combined with PROFARM’s long presence in the field of distribution, are the best guarantees for the creation of a highly reliable company with an extensive network and a wide range of products and services, aimed at serving Greek pharmacists. PROFARM co-founders Augustinos Kallivrousis and Theodoros Skylakakis, who are still at the helm of the company as President and CEO, respectively, will continue to implement their business plan with the valuable assistance of the people of EMMA, who combine their knowledge of Greek reality with the prestige of a major international investment fund. PROFARM remains adamant on its primary goal to realize its ambitious business plan of concentrating the drug distribution sector in Greece, through the creation of a true and unquestionable “national champion” company that will soon embark on its endeavor to change the map in Greece’s drug distribution.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
PROFARM S.A. 2019 79,812,080 € 1,839,880 € 6,103,187 € 5,764,219 € 26,750,152 €
2018 58,871,772 € 642,292 € 4,925,741 € 4,431,244 € 25,044,251 €
Change (%) 35.57% 186.46% 23.90% 30.08% 6.81%
DIAMONDS OF THE GREEK ECONOMY
2020
SPIRITS Industrial Turnover 34,944,000 €
PROFIT BEFORE TAXES 724,000 €
HELLENIC BREWERY OF ATALANTI
Company Profile
Athanasios Syrianos, President of Hellenic Brewery of Atalanti
Contact details Kyparissi, 35200 Atalanti, Greece Tel.: +30 2233097500 Fax: +30 2233097676 Website: http://www.eza.gr
Hellenic Brewery of Atalanti (EZA) started operating in Greece in 1989, as a subsidiary of a German beer group. A decade later, the Syrianos’ family acquired the shares via a management buyout. Hellenic Brewery of Atalanti has a long-standing experience brewing under license international beer brands of German, Belgian and Dutch origin. In 1996 Hellenic Brewery of Atalanti produced its first owned Greek brand, PILS HELLAS. On the same wavelength, 13 years later, in 2009, the brewery produced BERLIN beer under the German purity law with unique taste and quality and a long maturation process. The years that followed, made Hellenic Brewery of Atalanti a pioneer in draught beer, as the company implemented strong investments in order to acquire cutting-edge equipment as well as to upgrade its whole infrastructure offering always “fresh” beer. Commencing 2010, Hellenic Brewery of Atalanti sets out a completely independent strategy, while the company constantly evolves by producing new own brands satisfying a wide range of consumers taste preference with distinctive and unique flavor and aroma profile. With a strong focus on evolving and innovating, Hellenic Brewery of Atalanti has become the national champion, by actively participating successfully in the decentralization of the Greek economy. The Brewery produces PILS HELLAS, since 1996, the one of the most beloved beers in Greece, enclosing in its taste the gastronomical culture of the country. εζα, which offers you the right to choose between three unrivaled varieties, εζα premium pilsener with full body and rich flavors & aromas, εζα fine lager full-bodied and harmony of taste, and εζα alcohol free beer that retains the taste and enjoyment of a real beer, without containing alcohol. Adding to that, BLUE island is the ultimate summer beverage in three different flavors BLUE Island Mediterranean beer, a cool beer with Mediterranean features, inspired by the Greek summer, BLUE Island Radler Fizzy Lemon with main characteristics of freshness and the coolness of a rigged lemon and the innovative Blue Island Gluten Free 0,0% a refreshing malt drink with pear & lemon juice. Last but not least, ODYSSEY which guides you to new gastronomy horizons with ODYSSEY Red, ODYSSEY White and ODYSSEY Dark Brune. In 2013, the DAMMA Holdings fund participated as strategic investor, in the share capital of the brewery. Following a growth strategy, Hellenic Brewery of Atalanti is constantly investing both in modernization of its assets and scale up of its production. Under these prosperous circumstances, in 2018 the company upgraded and expanded its production facilities by completing a €18.5 million investment plan during the period 2013-2018. In May 2020 Hellenic Brewery of Atalanti, completes a new, state of the art, bottle production line at the Atalanti factory. This new investment of €10 million, renders HBA, one of the most technologically advanced, breweries in the broader to Greece region. At the end of 2019, Diorama Investment Fund through a successful increase in company’s capital, acquires a stake of HBA and a period of renewed growth opportunities, corporate governance and digitalization is started for the company. In Hellenic Brewery of Atalanti, human resources play a vital role in the company’s success, in the company’s vision and mission. The company has more than 180 skilled employees, take pride in the quality of each beer they produce, respect its customers and suppliers, dare to innovate and most importantly share passion for beer! Hellenic Brewery of Atalanti’s vision is to highlight Greek beer in the international beer sector and be the most dynamic and innovative Greek brewery, which will support the country’s national development. Equally important to the company’s operation is the environmental factor, as the company constantly invests in adopting eco-friendly practices. Alongside with that, the company emphasizes on social issues, by actively supporting its local community while offering its support in important social matters. The Company proudly initiated a three-year apprenticeship program, educating young apprentices in Greece in collaboration with German Hellenic Chamber of Industry and Commerce to become brew masters. In addition, with a strong focus on its beers’ quality, the company follows the highest international standards which ensure that each bottle of beer has unprecedented taste, enclosing the gastronomical tradition of Greece. Building on its more than 30-year history, while looking towards to the future, the Hellenic Brewery of Atalanti is ready to begin a new era – an era of continuous development, top quality beer products and entrepreneurial excellence!
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
HELLENIC BREWERY OF ATALANTI 2017 2018 18,744,000 € 34,944,000 € -2,179,000 € 724,000 € 1,323,000 € 7,157,000 € 15,158,000 € 14,716,000 € 30,002,000 € 41,487,000 €
Change (%) 86.4 133.2 441.0 -2.9 38.3
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DIAMONDS OF THE GREEK ECONOMY
2020
Logistics Commercial Turnover 34,099 M €
PROFIT BEFORE TAXES 1,141 M €
SARMED S.A.
Business excellence I Sustainable growth I Social responsibility Yiannis Ch. Sarantitis, Chairman & CEO
Contact details 23rd km Old Athens-Thiva National Rd 196 00 Mandra Attica, Greece Τ +30 211 6003000 F +30 211 6003030 Email: contact@sarmed.gr Website: www.sarmed.gr
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SARMED is a pioneering Hellenic 3rd Party Logistics services provider, with a prominent position in the industry, covering the full range of supply chain primary and secondary added value services. SARMED commenced its operations as a family business in 1991, focusing on vehicle logistics and warehouse development. To date, with the continuous expansion of its services, the company offers a vertically integrated supply chain management and manages more than 110,000 sq.m. of storage facilities, serving the entire Greek territory by its own means, as well as exclusive collaborations. Its clientele consists mainly of multinational as well as Greek companies with a leading position in their sector. SARMED is distinguished by the superiority, flexibility,
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efficiency and security of its services, the exploitation of cutting-edge technologies throughout the value chain, the capabilities and experience of its executives and its particularly robust financial fundamentals. The company systematically invests in attracting and developing talents, modern management methods, continuous training and enhancing knowledge and innovation. At the same time, it places great emphasis on regulatory compliance, modern corporate governance principles and corporate social responsibility. In 2019, SARMED’s total turnover amounted to € 34.1 million (+ 16% yoy), while debt remained almost zero (200K). Since 2013, it has steadily increased its performance while also planning and implementing projects to continue upgrading and enhancing its
›››››› international competitiveness. Since then, it has well over doubled its total annual turnover. The company’s strategy entails further expansion of the services provided, penetration in new services and markets and strategic alliances, aiming at sustaining high corporate growth rate. SARMED’s vision is to be the first choice for any international and domestic customer seeking a trusted partner at Logistics services. We are dedicated in achieving international recognition for our reliability, quality, flexibility, technological excellence in a wide range of integrated services offered to our customers. Why choose SARMED: ● Business sustainability: Solid financials, practically zero debt. ● Infrastructure: It manages more than 110,000 sq.m. of storage facilities. Its fleet consists of more than 650 trucks (of all categories) providing door-to-door daily service across the country. ● Cutting edge technologies: continuous
investments in new technologies. Our aim is to provide our customers with the most reliable and innovative logistics solutions. ● Human resources: Occupies over 500 people, constantly trained in logistics techniques and processes. ● Solid clientele: Clientele consists mainly of multinational organizations as well as financially healthy Greek companies with a growth story, which proves the market’s trust towards SARMED and the services provided.
in thousand euros Turnover
EBITDA EBT Total Equity Bank Liabilities
● Flexibility: Our financial strength, our human resources, infrastructure, technology and transportation network as well as the management culture of the company enable comprehensive and flexible logistics solutions. ● Business excellence: SARMED has been awarded in Greece (Transport & Logistics Awards, Diamonds of the Greek Economy 2019) and in Europe (European Business Awards & Ecovadis platform distinction for sustainable growth). SARMED S.A. 2018 29,399
2,689 646 51,835 0
2019* Change 34,099 16%
2,842 6% 1,141 77% 50,976 -2% 200 -
*EBITDA & EBT excluding corporate restructuring expenses
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DIAMONDS OF THE GREEK ECONOMY
2020
Food Products Industrial Turnover 10,159,644 €
PROFIT BEFORE TAXES 619,171 €
Dakos Mills S.A.
4 generations of flour expertise
Contact details 48km Athens - Lamia National Road, GR19011 Avlonas, Attiki, Greece Tel.: +30 2295041220 Email: info@dakosmills.gr Website: www.dakosmills.gr
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Dakos Mills is a 100% privately owned business with a long-established tradition in the flour industry since 1875. It is owned exclusively by the Panagiotis Dakos family, whose valuable experience in flour milling, coupled with the creativity and enthusiasm of the new generation, guarantees the firm’s bright future growth. The company premises are strategically located in Attica, 48km away from the center of Athens, on the National Road, in close proximity to three main ports: Piraeus, Corinth and Chalkida. Flour and semolina from durum or soft wheat are processed in 2 separate milling units, fully-automated with high-end technology machinery and an online production control system, guaranteeing the safety, hygiene and quality of the finished products. We guarantee the hygiene and safety of our products, maintaining certified quality assurance systems for food products, according to the standards ISO 22000 and FSSC 22000. In our state-of-the-art, fully-equipped laboratory, experienced food technologists carry out all necessary controls of both raw materials and finished products, with a whole range of physicochemical and rheological analyses, ensuring stable specifications for all final products. Our milling capacity is more than 300 tons/24hour in 2 production lines, equipped with a mixing line of a capacity of 25 tons/hour. In addition, the firm -being responsive and flexible- offers a variety of packaging options, with packaging lines for paper sacks 10kg – 50kg, and also for smaller retail products from 0.5kg up to 5kg. Storage capacity of raw materials amounts to 20,000 tons of cereals, with a reception capacity of 160 tons/hour in 2 receiving spots. We offer an extensive assortment of flours, with more than 75 different finished products, distributed to retail consumers, as well as in food industries, industrial and artisanal bakeries, and pastry shops all over the country. Dakos Mills is a member of «ΕΛΛΑ-ΔΙΚΑ ΜΑΣ» (logo of EUROCERT Inspection and Certification Company), certified as one of the businesses of Greek ownership, whose products are produced in Greece and distributed in the domestic market. In 2020, Dakos Mills, celebrate its 145th anniversary of presence in the Greek milling industry, developed a special edition logo, alongside a special edition packaging of our All Purpose Flour pack to pay tribute to the firm’s inception back in 1875. We are proud and happy to claim that since the first day of our operation as a milling company, we provide top quality products and services to our customers, selecting the finest raw materials with special focus on quality and producing products with full respect for the environment. Our long history is our inspiration to continue our successful operation. We meet our customers’ needs and we provide every moment, with excellent, pure flour. We create with imagination…and flour, for years and years!
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Dakos Mills S.A. 2017 9,085,538 € 502,246 € 1,529,520 € 6,992,837 € 5,041,118 €
2018 10,159,644 € 619,171 € 1,729,186 € 7,413,767 € 5,468,803 €
Change (%) 11.8 23.3 13.1 6.0 8.5
DIAMONDS OF THE GREEK ECONOMY
2020
Packaging Industrial
DS Smith Cretan Hellas S.A.
Our purpose: Redefining Packaging for a Changing World
DS Smith Cretan Hellas operates in the corrugated packaging industry since 1987, with a fully equipped production facility in Ierapetra, Crete. It is a member of the group DS Smith Hellas, the leading supplier of sustainable packaging solutions of corrugated board in Greece. The firm’s long and successful operation lies primarily with its people. Thus, it targets on realizing their potential by creating a safe working environment, where everyone can use and develop their own skills and ideas, building a solid foundation for further success. The company places emphasis on keeping customers happy by reducing complexity on their supply chain and delivering outstanding results as they increase their sales, reduce their costs and manage their risk. With a product portfolio of tailor-made packaging applications, ranging from agricultural products, the food and beverages sector, boxes for industrial uses and e-commerce, the company has the expertise to offer the kind of packaging solutions that suit the needs of customers. In order to respond to its promised highest quality, the company operates in compliance with all modern product quality standards of ISO 9001, environmental excellence ISO 14001, workplace safety ISO 45001, and sustainability by using FSC-certified papers and by ensuring suppliers’ full compliance with the organization’s sustainable growth standards. DS Smith Cretan’s box plant is fully equipped with a corrugated production line and a series of converting machines, up-to-date technologies and procedures that ensure competitive production costs, top quality and capacity in corrugated board that can serve the needs of packaging in Crete and Southern Greece, as well as making exports to the Middle East. Through working together as one company with other DS Smith production facilities in Greece, the firm secures a full geographical coverage across the country, reassuring customers of contingency plans for secured supply and access to an experienced network of designers supported by special tools and skillset dedicated to collaborate with customers in the company’s innovation hub, in the PackRight Centre, Athens. At the same time, being part of a leading multinational company, DS Smith Hellas, the firm pursues investment programs and continuously strives to modernize facilities and automate processes, whilst adopting the Group’s best-practices and high standards. In addition to the crucial role that the company plays in the supply chain, it is committed to support the communities where it operates, by acting responsibly as a social partner, supporting institutions, hospitals, schools and vulnerable groups in need. For more than 33 years, DS Smith Cretan Hellas has been focusing on customers’ needs. Conscious purchasing decisions drive demand for sustainable, recyclable, low waste and reusable products and packaging. All in all, the role of packaging is particularly compelling and that is why DS Smith Cretan Hellas sets its Purpose as “Redefining Packaging for a changing world” to meet all these changes and establish its position as a pioneering organization in its sector.
Contact details Ierapetra Box Plant Pachia Ammos 72200 Ierapetra, Crete Tel.: +30 28420 93252 Fax: +30 28420 93206 www.dssmith.com/el/packaging
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DIAMONDS OF THE GREEK ECONOMY
2020
Transportation Means Commercial
ERMISBUS
51 years of successful entrepreneurship The company ErmisBus, pioneer in its field and responding always in the challenges and expectations of the most demanding customers, from 1969 until today deals exclusively with the superstructure, import and trading of Buses and Luxurious MiniBuses. After 51 years of successful course ErmisBus is the exclusive distributor of the best MiniBus conversion constructors of Spain and Turkey respectively, from 2007 it is an official Bus body builder partner, with Framework Agreement and Due Diligence of Mercedes Benz Hellas S.A. and from 2010 of Man Hellas Bus & Trucks S.A., consolidating in this way her position in the Greek, as well as in the European market. Ermisbus, also, is the only Greek OEM company being certified by Daimler AG as Mercedes Benz Special Trucks and Bus Partner, after the successful completion of a midi bus construction project, with commercial name TOURER HD, giving to the company a different perspective from all other Greek companies of its kind. Through a full range of unique MiniBuses following the latest trends and luxury intended, ErmisBus’ collection, constantly renewing, consists of Super Luxurious Minibuses, addressing to special VIP customers (member of royal family, Showbiz people etc.) and institutions of High importance (like Embassies, or
Dimitris Michalopoulos, President & Chief Executive Officer
Contact details 105 Iera Odos, 11855, Athens Greece Tel.: +30 210 3472969 Email: info@ermisbus.gr Website: www.ermisbus.gr
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offices handling Vip people’s transport etc.) The popular to everybody Tailor made Luxury Limo Vip tourist buses, that brought the company to the top of professionals’ preference, accompanied by emphasis to the special and pioneering design, the handmade seats, the glass sky roofs, the interior details decorated by mahogany, original wood etc. constantly challenge and fascinate the modern professional that looks in the market for something fresh and different. In addition, her bus collection includes simpler tourist conversions, transport buses, school buses, as well as PMR vehicles, always following the customers’ needs. During the last years ErmisBus, apart from the distinguished imported vehicles, has proceeded in establishing a Greek production line, too, in parallel with the imported vehicles, earning great mass appeal in the Greek as well as in the European market. Special vehicles, like TV vans or vehicles used by bank to transfer money etc. are entailed in ErmisBus’ collection, ensuring the customer for the absolute result, due to the “know how” that it has, as well as its multi annual experience. Apart from all the above, ErmisBus, paying special attention to safety, has issued European Type Approvals and possesses complete quality management system of her construc-
tions, based on the archetype ISO 9001:2015, as well as certificate according to the Appendix X of the European Directive 2007/46/ΕΚ ensuring the maximum safety of her buses’ passengers. ErmisBus taking one step further, has already proceeded in establishment of production line for the construction and placement in the market of Luxury Midibuses, 37+1+1 seats, enriching even more her bus collection, offering to her customers more and more transport choices. This unique bus has been constructed with the full supervision and technical cooperation of Daimler AG and as a result it is in compliance with the Mercedes Benz Body Mounting Directives, and that’s why it is the only authorized vehicle in Europe! Through the benefits that the company offers to her customers, as well as her after sales service and her full spare parts’ stock, ErmisBus, exceeds her customers’ needs and ensures immediate service, option possibility and safety in an outmost professional and trustworthy environment. ErmisBus’ aim, after applying the latest and most dynamic techniques referring to the future, is to be a step further of the needs of her era and always keep paced with the needs of her customers. All these compose the formula of the company’s healthy and successful progress from 1969 until today and determine its successful route to the future.
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DIAMONDS OF THE GREEK ECONOMY
2020
Commercial Turnover (2019) 16,794,524 €
PROFIT BEFORE TAXES (2019) 810,770 €
LAKIOTIS S.A.
42 years with you
Antonis Lakiotis, CEO
Contact details 471 Thivon Ave., 13121 Ilion, Athens, Greece Tel.: +30 210 2615730 Email: info@lakiotis.gr Website: https://www.lakiotis.gr/
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LAKIOTIS SA, founded in 1978, is among the top Greek companies in bathroom fixtures and tiles, while featuring in a high position among Greece’s top-400 commercial companies. Through its vigorous import - export activity and rapid expansion in retail and wholesale, the company has managed to establish itself as one of the most successful players in the industry, achieving large market shares, profitability and constant growth. Special emphasis is placed on quality and prices, targeting high service levels, innovation, and provision of complete solutions before and after sales. The company further enhances its competitive advantage via the creation and maintenance of solid collaborations with top suppliers from the domestic and foreign markets. At the same time, it offers added value services, high after sales support, free-of-charge delivery around the
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clock, and a broad spectrum of more than 8,000 readily available products, a record performance in the industry. LAKIOTIS is a family business constantly aiming at offering comprehen-
›››››› sive services and customer satisfaction, with state-of-the-art premises and showrooms, and a plethora of choices for customers, in addition to providing excellent working conditions for staff. By closely monitoring market trends and competition, the company strives to offer the most competitive market prices in combination with top-quality products, credibility, and valueadded after sales services. Whether it ’s a private customer, professional or constructor, LAKIOTIS manages to offer targeted, customer-centered and versatile cooperation with support throughout all stages, before, during, and after the sale. By maintaining personal contact with its customer base, focusing on quality, credibility and economy, on-going investment in IT systems and new technologies, and above all, by observing a human-centered philosophy and adaptive, open culture, LAKIOTIS is a highly regarded firm, and a trustworthy partner offering guaranteed solutions to every customer need.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
LAKIOTIS S.A. 2018 14,504,722 € 425,095 € 3,818,207 € 12,508,446 € 5,489,827 €
2019 16,794,524 € 810,770 € 4,649,824 € 13,069,590 € 4,790,421 €
Change (%) 15.8 90.7 21.8 4.5 -12.7
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DIAMONDS OF THE GREEK ECONOMY
2020
ELVIDA FOODS S.A.
Food Products
Elvida Foods - Passion for qualitative and delicious authentic Greek Food!
Industrial Turnover 21,334,404 €
Elvida Foods is among the leading companies in Greece in the production of Authentic Gyros, Souvlaki and meat based products. It is the company that initiated the industrial production of Frozen Gyros and Souvlaki 16 years ago. In 2002, “Hellenic Gyros” established one of the first production lines of Gyros in Greece. The production line for us is not only mass production but also standard level of quality, specifications of products, and advanced production methods. With the addition of the excellent choice of ingredients and the personalized customer service, all resulted “Hellenic Gyros” in being the market leader in just a few years. In 2006 the shareholders structure changed and new development paths were created. Other product categories were launched to be addressed not only to Grill Houses but also to restaurants, hotels and the retail market. Hellenic Gyros, our historic brand name, remained and we initiated Nostimost as an additional brand name dedicated to retail. At the same time we changed our corporate name to Elvida Foods to reflect our new product lines and expand our presence to new export markets. Since the first years of its operation, ELVIDA
PROFIT BEFORE TAXES 389,332 €
Contact details 40 Stylianou Gonata St.,12133, PERISTERI, Athens, GREECE Tel: +30-2105785051, Fax: +302105785052 Email: info@elvidafoods.gr Website: www.elvidafoods.gr, www.hellenicgyros.gr www.nostimost.gr
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FOODS remains focused to the high quality and safety of its production lines. They are all certified according to ISO 22000, IFS, BRC standards. Due to automatic traceability and the minimization of human intervention, we can support with real data the constant high quality of all of our products. It is our pride that the ELVIDA FOODS factory has been successfully audited 3 times for best practices by the European Federation of Food Safety Authority (EFSA). In recent years, Elvida Foods has participated in all national committees and initiatives in order to establish official norms and specifications for the production methods of several traditional Greek products including Gyros and Souvlaki. Additionally, we have taken several international initiatives to protect the authenticity of Greek Gyros. From day one, ELVIDA FOODS’ export strategy was directed to the end consumer through retail stores all over the world. Today, ELVIDA FOODS operates in Europe, USA, Canada and the Arabic Peninsula, exporting products to more than 20 countries all over the world. Recently, Elvida Foods completed 3 different investment programs, investing more
›››››› than €3 million. Our premises now cover 6,000sqm and we never stop investing in state-of-the-art machinery and most of all, people. “The highest level of our 150 employees here at ELVIDA FOODS and our passion for quality and delicious authentic Greek food, will always be the key drivers for our success in the future,” commented CEO Dr Stelios Skaribas.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
ELVIDA FOODS S.A. 2017 20,064,423 € 360,573 € - 8,079,080 € 9,382,684 €
2018 21,334,404 € 389,332 € - 8,315,474 € 9,021,800 €
Change (%) 6.3 8.0 - 2.9 -3.8
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DIAMONDS OF THE GREEK ECONOMY
2020
Spirits Industrial Turnover 2,680,625 €
PROFIT BEFORE TAXES 366,441 €
BARBAYANNIS LIQUOR DISTILLERIES LTD
A new distinction of the elderly business
Contact details Plomari, 81200, Lesvos, NE Aegean Islands, Greece Tel. +30 22520 32741 or +30 22520 33300 Fax: +30 22520 32231 Email: info@barbayanni-ouzo.com Website: www.barbayanni-ouzo.com
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OYZO BARBAYANNI, the company that established the terms “Ouzo from Plomari” and “ouzo by distillation 100% “, with more than 160 years of continuous presence in the Greek market is a rare example of a family business which for six consecutive generations protects with astonishing consistency a unique tradition, given to us from Lesvos. It is the “Barbayanni ouzo”, a 100% Greek family-owned company which has been operating continuously since 1860 on the frontier Plomari village of Lesvos, at the helm of which today is the 5th & 6th generation, which offers to the international market a traditional, authentic Ouzo from 100% distillation. In 1996, the Ouzo Museum of the Barbayannis family was established - the first thematic museum for our national product worldwide - which attracts thousands of visitors to the beautiful Aegean island. After joining in the “ELLA-DIKA MAS” initiative, of the Greek-certified companies ,in 2016 “Ouzo BARBAYANNI – FROM PLOMARI LESVOS”, and its being selected in the top Corporate Super brands in Greece in the category of alcoholic beverages, in the framework of the competition of the world-renowned SUPERBRANDS institution, a new distinction is added to its assets by being selected it in the list of the Healthiest Growing Enterprises of Greece at the DIAMONDS OF THE GREEK ECONOMY 2018, a prize for business excellence awarded by NEW TIMES PUBLISHING for 15 years. This distinction recognizes the successful multi-year presence of OUZO BARBAYANNI in the Greek Beverages Industry as well as the continuous strengthening of its export activity, which is growing at a number of markets abroad. In 2017, the company increased its sales by 7%, while its exports were consolidated in the traditional foreign markets (Europe, Cyprus, and USA) and also increased in new markets. By these standards OUZO BARBAYANNI continues-on the Greek frontier Plomari village of Lesvos Island without any simplifications and discounts on quality, giving plenty of its time and big effort, to offer to the lovers of quality a 100% distilled ouzo , while preserving with devotion the founder’s diachronic principles respect for tradition, commitment to quality, with love to the human and the environment, making Ouzo Barbayanni a point of reference for Greek Distillery and the traditional products of modern Greece.
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
BARBAYANNIS LIQUOR DISTILLERIES LTD 2017 2018 2,619,189 € 2,680,625 € 537,464 € 366,441 € 1,255,699 € 1,303,540 € 3,073,687 € 3,232,388 € 507,126 € 646,114 €
Change (%) 2.3 -31.8 3.8 5.2 27.4
DIAMONDS OF THE GREEK ECONOMY
2020
Food Products Industrial Turnover 21,833,743 €
PROFIT BEFORE TAXES 175,933 €
OMEGA SA
Traditional products of high quality
OMEGA SA is a Greek family owned food company specialized in the sectors of rice, pulses, pet food and pet care products. The company was founded by Mr Konstantinos Konstantakopoulos in Kalamata Greece in 1965 aiming to offer excellent quality rice and pulses under the brand OMEGA, throughout the Greek territory by incorporating the values and knowledge of its owner in producing superior quality agricultural products. Today under the leadership of Mr Georgios Konstantakopoulos , OMEGA takes pride in being an established company in the Greek market , with its brand OMEGA holding a leading place in the market and offering the supreme values of Greek tradition, following best business ethics and practices , for the consumers ,the professionals and the producers In 2005 the company invested in the pet food industry by acquiring Le Chef and Breed Line brands . Today these brands hold a leading position in the market and OMEGA has expanded its portfolio to a wide range of products to cover the differentiated specific needs of the pet owners . Additionally OMEGA is the exclusive partner of AFFINITY PET CARE in Greece . The food portfolio expanded in the Cooking and Confectionary products and breakfast cereals. The company also offers a full range of rice and pulses in the traditional trade , Retail and HORECA markets. OMEGA S.A . owns a 15.000 m 2 plant in Kalamata Greece for the processing of rice and pulses and two more privately-owned distribution centers in Aspropyrgos, Attica, and Thessaloniki . A privately owned fleet of 24 dry cargo trucks and over 120 employees are dedicated to offer the company’s products even in the most remote and secluded areas of Greece . The company is certified with ISO22000 and works systematically to further enhance and secure the optimum quality of its products . The Quality Control department , equipped with the latest technology , conducts daily controls in order to maintain its excellent quality . OMEGA products are widely known and appreciated by the Greek family for over 55 years and gain the preference of the global markets since the company prioritizes expanding its presence also in the external markets . The products of OMEGA are designed to offer superior quality and excellent taste implementing the company’s vision to enhance the every day family diet with natural products that contribute to a healthy , balanced and quality life and well being .
Contact details Sperchogeia Messinias Kalamata Ind.area Tel: 2721069346 Kyrillos Hill Location Fousa Aspropyrgos, Attica Τel: 210 5582400 / 210 5579856 Fax: 210 5596163 Thessaloniki Kalochori Ind.area Tel : 2310 784345 Email: info@omega.com.gr Website: www.omega.com.gr www.omegapet.com.gr
Turnover Profit Before Taxes Gross Profit Total Equity Liabilities
Omega S.A. 2017 21,165,020 € 99,077 € 5,027,957 € 6,473,767 € 12,101,951 €
2018 21,833,743 € 175,933 € 5,169,955 € 6,557,133 € 12,148,259 €
Change (%) 3.2 77.6 2.8 1.3 0.4
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DIAMONDS OF THE GREEK ECONOMY
2019
BIKRE S.A. Chatzigavriilidis Group
Food Products
Taste and quality is our care!
Industrial
Georgios Chatzigavriilidis, Vice Chairman of BIKRE SA
BIKRE S.A. Chatzigavriilidis Group 2019* Turnover € 16,046,000 Profit Before Taxes € 820,000 Gross Profit € 9,650,000 Total Equity € 4,800,000 Liabilities € 2,761,477 * (Not posted yet)
Contact details 7th Km. Kavala to Eleftheroupolis Road, Amisiana, Kavala 64100 Tel.: +30 2510 327084, 2510 327011, 2510 327014 Fax: +30 2510 327019 Email: info@bikre.gr Website: www.bikre.gr
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BIKRE is one of Greece’s largest, most reliable and modern meat products industries, primarily involved in meat processing and food trade. Established as a family business, the firm enjoys a track record of development and growth through fine organization, professionalism, love and passion for its work, and is today considered a model company in both the meat industry and the Food Service. The firm’s headquarters and production unit are located in Amisiana, Kavala, northern Greece, on privately-owned premises of a total floor space of 10,200 sqm. The state-of-the-art production facility is fully equipped with cutting-edge mechanical equipment, as BIKRE is constantly investing in the latest technology machinery, aiming at an on-going development of higher levels of output and quality assurance of its products. Daily inspections are carried out at all stages of production, from the receipt of raw material to final delivery of products, by the firm’s expert scientific staff. All European standards as per ISO 22000 Quality Assurance System are strictly observed and applied. Distribution and delivery of sensitive products is done primarily through a privately-owned fleet of 40 refrigerated trucks, thus reassuring our customers that every BIKRE-branded product they offer to consumers is of excellent, guaranteed quality. In more than 40 years of operation, the firm has managed to gain the trust of professionals in the catering industry, owing to the consistent high quality and special taste of its products. The R&D department closely monitors and is constantly updated on all the latest trends in global nutrition in order to create new, innovative products that aim to significantly upgrade the menus and services of businesses in the catering industry. The Authentic Northern Greece Gyros (vertical rotisserie) is considered BIKRE’s landmark product, whose unbeatable taste and quality has made it the number one choice of customers. In spite of a tough business environ-
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ment, globally, in the first months of 2020 as a result of the Covid-19 pandemic, BIKRE continued to implement and ultimately to complete its investment plan. Consistent with its commitment to customers, this major investment in the expansion and upgrade of production facilities --finished on time-- included the addition of another 2,500 sqm of warehouse floor space, and several new production lines for pre-grilled products. In addition, in 2020, for the first time, final consumers were given the choice to enjoy BIKRE products at home, after a new Retail line was launched, addressed to the supermarket segment, a market that until recently BIKRE had no activity. The new Retail series initially comprises five (5) key codes: pre-grilled pork gyros, pre-grilled chicken gyros, chicken fillet nuggets, burgers, and meatballs and soutzoukakia (spicy meatballs). In addition, in the context of expanding into new markets, the firm built up its human resources by creating an Exports Department. This has boosted the company’s extroversion, and it currently operates in a total of 15 countries, including major markets such as Germany, Austria, the Netherlands, France, etc. By expanding its export activity, BIRKE aims to spread traditional Greek tastes beyond the domestic market. The firm’s expansion to new markets was supported by the operation of a new Athens-based branch, which for the first time allowed the company to directly distribute its products to Attica stores, catering units and restaurants – without using other distribution networks. The opening of the Athens Branch further adds to BIKRE’s dynamic domestic presence, providing direct access to a market of some 5 million consumers. The BICRE family never forgets its human side: With love for the place and a vision for the economic well-being of the local community, Chatzigavriilidi Group has consistently employed more than 150 permanent staff members, consisting of skilled craftsmen and experienced executives.
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2020
Robotic Solutions Industrial
GIZELIS ROBOTICS
The future of industrial production GIZELIS ROBOTICS is the ideal robotics solutions partner and consultant. We set growth as our aim and seek to lead our market. Our objective is to provide bespoke robotics automation system solutions that will drive increase in productivity, quality, flexibility and adaptability to on-going market and client needs.
Evagelos Gizelis, CEO & Founder
Contact details Schimatari Viotias, 32009, Kormatzini Area, Tel: (+30) 2262 057199 Fax: (+30) 2262 057185 Email: info@grobotics.eu Website: www.grobotics.eu
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Who we are GIZELIS ROBOTICS was established in order to offer state-of-the-art technology products - automation solutions to the Global Industry. It is the newest company in GIZELIS SA Group, which is one of the oldest sheet metal machines manufacturer in the world. Our engineers and technicians have a longstanding experience on robotics systems and autonomous mobile robots, with exquisite industrial applications under our belt. Located in privately- owned premises in Schimatari, the company develops new applications and runs all necessary trials needed to offer high-standard products and services. Customer Journey The growing demand of our customers in the Greek, European and global markets, which are preparing for immediate modernization of their production lines with products and overall robotic palletizing solutions, gave us the opportunity to create technologically advanced robotic products. Our existing know-how with bespoke solutions and applications to customers from different industry sectors and needs is at a
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very high level and therefore we will continue to provide the best robotic solutions in the general manufacturing industry, reducing their product delivery time while increasing the speed and reliability of their modern production. Robotics expertise - Solutions you can trust Every robotic application is unique regardless of its type, since it depends on the space available to the client, existing machinery that the robot must work with, product specific features, as well as the time span in which the above should be completed. So, it is understandable that, in order to achieve success in any application, all factors impacting its final outcome must be anticipated. For every single project to be implemented by GIZELIS ROBOTICS, a survey is conducted on correct operation and optimum system automation. All pieces of the application are originally sketched in 3D by means of special CAD/CAM software and then introduced to simulation programs, in order to draw useful conclusions in terms of e.g. proper layout of individual components, operation times (cycles). This way, we guarantee success to our clients in all systems they install and we offer solutions covering all their automation needs. New Product Development & Artificial Intelligence New product development is one of the
Awards & Recognition The company has received numerous awards and recognition in Greece. In 2020, Startus-Insights’ Innovation Analysts recognized Gizelis Robotics as the Top 5 robotics industrial manufacturing startups in the world, after analyzing the emerging technologies and up-and-coming startups working on solutions for the manufacturing sector, which included a total of 589 companies.
A unique, commercially motivated and flexible Private Equity/Venture Capital (PEVC) investment group supporting companies which experience transformational growth. Their mission is to be “the leading investor and partner for innovative, profitable, high-growth and extrovert small-cap (SME) out-performers”. Based out of London (the bridge of the world) they outreach USA, Europe, Middle East and Asia. Brookstreet seeks opportunities in asymmetric (emerging and developing) markets where it enjoys a distinct competitive advantage to apply Anglo-Saxon models of growth and expansion. Currently they are very active in SE Europe. Gizelis Robotics provides both unique and on-demand robotic solutions as well as combined robotic and artificial intelligence solutions in the Greek industry and international markets. In the near future, new products will be presented for the Greek and global market.
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main technology pillars of Gizelis Robotics. We offer an array of new, innovative robotics systems and products that respond in a vertical and specific way to specific industry needs such as pharmaceutical, logistics, supply chain companies, fmcg, couriers, food & beverage companies, breweries, chemicals companies, construction and the wider manufacturing sector. It is the result of research and development of robotic systems that meet the modern requirements of the industry under Industry 4.0. Important factors for the survival of a business today are the automation of processes, cost savings and production speed. Great anticipation is expected for the new robotic products with autonomous mobile robots for UVC disinfection and dry fogging and anthropomorphic robots that will apply to the medical sector.
Brookstreet Equity Partners LLP Gizelis Robotics enjoys the strategic partnership of Brookstreet Equity Partners LLP.
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2020
Insurance Commercial
INTERAMERICAN
51 years of leadership and innovation
Contact details 124-126 An. Syggrou Ave., 11782, Athens Tel.: +30 9462000 Website: www.interamerican.gr
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In early 2020, INTERAMERICAN celebrated 51 years of leading and creative presence in the Greek insurance market. The Company’s mission is to help people live safer, longer and better. INTERAMERICAN is active in every insurance sector – Life, Health, Non-Life and Assistance – providing products and services distinguished for the completeness and full coverage of contemporary needs, that stand out for their innovative character. INTERAMERICAN’s record robust financial figures: steadily recurrent profitability, which totaled €18.8 million before taxes in
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2019, and a high solvency ratio, over and above what is required. The production of insurance premiums in 2019 amounted to €366.3 million. Currently, the company serves over 1 million customers, both individuals and enterprises. INTERAMERICAN was the first company to introduce direct insurance in Greece, with “Anytime”, and changed the market landscape. In the Health sector, INTERAMERICAN has expanded the concept of insurance with “bewell”, a new, pioneering health system that offers completely tailor-made insurance options and health services. It is the only insurance company in Greece
›››››› with privately-owned, state-of-the-art infrastructure for Health services (ATHINAIKI MEDICLINIC, MEDIFIRST Multi-clinics) and Assistance (Road Assistance vehicles, ambulances, etc.). With a customer-driven vision as an absolute priority, INTERAMERICAN paid out over €3 billion in claims and payments during the last decade. More specifically for 2019 the company’s compensations and payments reached €244.3 million for 426,134 cases, while it responded to 531,327 incidents with its Emergency Medical and Road Assistance services. INTERAMERICAN is part of the ACHMEA Group, a top European cooperative group with 208 years of experience and a leader in the provision of Health insurance services in Europe.
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2020
Vaping Products/ NEXT GENERATION PRODUCTS Commercial
Contact details 23 Tzavella St., 15231, Chalandri, Athens, Greece T: +30 210 7622020 Website: www.nobacco.gr
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Life tastes better Europe’s first provider of every alternative to traditional smoking products. NOBACCO has strategically invested in its vision to support all those who consider leaving traditional smoking in the past, by offering them products of the highest quality, excellent customer service and the Power of Choice!
Markos Markopoulos, Chief Executive Officer
ΝΟΒΑCCO
Founded in 2008, NOBACCO is leading the Greek market of vaping and all other potentially reduced-risk to smoking cigarettes products. Having developed a network of 61 Nobacco Shops and more than 920 sales points and outlets throughout the country, NOBACCO has managed to offer a wide range of innovative, certified products that are gradually entrusted by thousands of exsmokers. NOBACCO is a founding member of the Association of Greek E-Cigarette Enterprises. The company represents the top e-cigarette manufacturing firms worldwide, while it also develops its private labeled, high-quality vaping devices and e-liquids, all of which are compliant with EU and national legislation.
experience in the vaping industry create truly outstanding products that deliver the most enjoyable vaping experience.
Strategic partnership with British American Tobacco In 2018 NOBACCO entered a strategic partnership with British American Tobacco, a leading global company, for the exclusive distribution of its flagship products, Vype e-cigarette and glo™, the most advanced heated tobacco product. By expanding its portfolio to the Heat-Not-Burn category of reduced risk products, NOBACCO developed into the only provider in Europe of every safe, legal and high-end alternative solution to traditional smoking. At the same time, the company remains consistent to its mission, which is to support all those who consider leaving traditional smoking in the past, by offering them all possible alternatives, such as tobacco heated products, close system and open system vaping devices.
Quality assurance / Scientific knowledge on vaping NOBACCΟ constantly invests in synergies with academic and research institutions in order to ensure that all of its products are certified and accredited with regard to safety and quality. In 2017, NOBACCO commenced an E-Liquid Quality Control and Assurance Program in
Research and Development Nobacco Design Center is a subsidiary of NOBACCO which solely aims at developing the most innovative, user friendly, high-end vaping devices. Research and development engineers, product designers, sales representatives and managers with significant
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Aquarius Project In 2014 NOBACCO entered a partnership with the Laboratory of Molecular Biology and Immunology of the Department of Pharmacy of the University of Patras, which resulted in the “Aquarius Project”, a global scale pioneer initiative that connects the academic community with the private sector. Among the wide range of scientific and commercial activities of the Aquarius Project has been the development and production of various ranges of e-liquids at its new, state-of-the-art manufacturing facilities.
›››››› collaboration with the School of Medicine, University of Athens. Through this partnership, NOBACCO ensures consistent high quality of its products that meet the strictest standards and even exceed the requirements of European Regulations and other authorities. Our People NOBACCO offers approximately 110 direct and more that 300 indirect working positions. People have always been and will be a vital business asset for the success of NOBACCO. The company constantly invests in training and pleasant working environment.
through which the user/member is rewarded with discounts, contests and original gifts of experience. The Covid-19 ecommerce success story During the Covid-19 lockdown Nobacco’s eshop orders increased by +875%. The ecommerce department managed to execute all orders within 2 working days and ensured their delivery within 1-3 working days. That performance was established from the first day of the quarantine, despite operating with limited personnel.
NOBACCO Experience Excellent customer service brings NOBACCO’s motto “Life Tastes Better” to life which is expressed through “NOBACCO Experience”. Personalized communication, identifying customer needs, in depth product knowledge, high-end store design and staying in touch with the client from the very first moment they decide to enter the world of vaping are the key ingredients of NOBACCO success. NOBACCO Privilege Customer loyalty is enhanced with the Integrated CRM & Loyalty program and mobile application “Nobacco Privilege Club”,
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DIAMONDS OF THE GREEK ECONOMY
2020
Eurochartiki S.A.
Tissues
A leading force in paper tissue and detergents industry
Industrial Turnover 52,745,707 €
Since 1985, Eurochartiki is a leading force in paper tissue treatment and detergents production. It is a Greek company employing a staff of 244, and its success lies primarily on its people and the business values of sustainability, quality and social responsibility. The company’s state-of-the-art production facilities are located in Aspropyrgos, Attica whereas Northern Greece is served by a Thessaloniki-based branch. Eurochartiki divides its activities into three (3) main sectors: Research and development of the Endless brand (paper products and detergents), Development and production of Private Label products, and Exports. The company’s philosophy relies on the absolute satisfaction of its customers, by offering certified quality products based on ISO 9001, ISO 14001 and ISO 22716 standards. Nevertheless, the company operates responsibly and with respect for nature according to FSC standards, thus promoting a legitimate, environmentally sound, socially beneficial and economically sustainable management of forests and products worldwide. The company’s product portfolio consists of more than 355 SKUs for the retail and away-
PROFIT BEFORE TAXES 145,621 €
George Trakakis, CEO, Eurochartiki S.A.
Contact details Faka Area, GR 193 00, Aspropirgos, Attica, Greece Tel.: +30 210 5512800 Email: info@eurochartiki.gr Website: www.eurochartiki.gr
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from-home markets, with products that are carefully designed to meet customer needs and expectations. Both Eurochartiki business units –paper tissue and detergents production– are supported by up-to-date technologies and fully-automated procedures to ensure maximum capacity, low production costs, quality and flexibility. The tissue converting plant consists of 19 production lines of a total capacity of 250 tons of paper per day. The detergents production plant consists of 6 production lines of a total capacity of 180 tons of liquids per day, and 1 production line for cosmetic products of a total capacity of 32 tons of liquids per day, with state-of-the art technologies and automations. Since its foundation, Eurochartiki has embraced corporate social responsibility and sustainable development by supporting vulnerable members of the community with sponsorships and donations to hospitals, churches, schools and other institutions in need. The company is committed to respect the fundamental principles of environmental responsibility, human and labour rights. Having been distinguished for quality and commitment, Eurochartiki
›››››› has always strived to develop superior quality products for the benefit of clients, employees, and the profitable growth of the market in which it operates. For over 35 years, the company’s vision has been to become a leader in its field, focusing on ultimate customer satisfaction through quality, safe, and value-for-money products.
Turnover Profit Before taxes Gross Profit Total Equity Liabilities
EUROCHARTIKI S.A. 2018 46,820,718 € 78,862 € 8,029,534 € 23,869,590 € 44,384,592 €
2019 52,745,707 € 145,621 € 9,125,130 € 24,884,814 € 44,448,965 €
Change % 12,65% 84,65% 13,64% 4,25% 0,15%
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2020
Insurance Commercial
MEGA Brokers
Your own ally in insurance brokerage
Contact details 91 Falirou St. & Zan Moreas St., 117 41 Athens Tel.: +30 210 92 25 825 Fax: +30 210 92 25 823 E-mail: info@megabroker.gr Website: www.megabroker.gr
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MEGA Brokers, established in 1989, is the largest, non-bancassurance, insurance intermediary firm in Greece and one of the leading providers of insurance and financial products in the country. We operate a network of some 1,330 agents and consultants that provide tailored solutions in a wide area of specialization to more than 240,000 clients. Mega Brokers is certified by ISO 27001 & ISO 9001. In our offices in Athens, Thessaloniki and Patras, we have a team of 60 people with a clear mission: ’’Excel in everything we do and exceed the expectations of even the
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most demanding client.” Our core values are: ● Sustainable growth ● Continuous strengthening of our corporate culture ● To attract, develop and retain the best talent in the insurance market ● T o respect the interests and targets of our clients and partners ● To provide consulting and insurance services that add value to our customers Our executives offer customized solutions
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for any business or individual, by producing an insurance risk study that perfectly meets their needs. Mega Brokers is one of the top insurance brokers in the country. Consistency in our values and our commitment to provide quality insurance services allow us to grow rapidly. Our vision is to expand our dynamic presence in both the Greek and European insurance markets.
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DIAMONDS OF THE GREEK ECONOMY
2020
Industrial
Viospiral S.A.
Company profile
Contact details 10 Kechagia & Metaxa, Ag. I. Rentis, 18233 Tel.: +30 210 4204777 Fax: +30 210 42 01 392 Email: info@viospiral.gr Website: www.viospiral.gr
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Viospiral SA was established in 1974 in Athens, Greece by the two brothers Chrysostomos & Nikolaos Natsakakos. The company’ s headquarters are cited at Piraeus and its logistic center at Oinofyta Viotias, 4.000 m2 & 5.000 m2 respectively. All the company’s buildings are privately owned. As a manufactory and trade company has expanded all over Greece having as customers the most well-known wholesale dealers of plumbing Products and the largest DIY stores, as well. For all these years the continuous supply of plumbing and tubing equipment made of the best materials and high quality, together with the quick and accurate service, have given to Viospiral SA, a place among the leading companies in the sector of Plumbing products. Please spend some time to check our web site: www.viospiral. gr & www.modea.gr In the past years , and as our goal has always been the introduction to our market of innovating , high quality products ,we managed to establish long year business relationships and gain exclusivities of
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companies all over the world, which of course continue till today, as agents of these companies (in Europe, Asia and USA) we managed to supply customers all over Greece. Viospiral was born in 1974, producing the
›››››› product line connecting flexible hoses “Techflex”, “Novaflex”, “Quickflex”, as you will see in the first category of our website. Through the years we acquired the experience and the know how, in a result that the plumbers and the installers of those products, trust our brand name, for keeping the standards and the quality in high levels and always stable. To continue with, after our customer’s demand, slowly and stable we expanded our category field in a wide range of plumbing and hydraulics products and accessories, in devotion of always giving the best possible solutions to the professional segment. We always have the belief and the policy to proceed with stable and secure steps, in order to place strong basis in our cooperations and since we have the capacity and experienced sales function then we are used to boost collaboration in more product lines as well. Our recent accomplishment was MODEA Rubinetteria which is depended 100% on our knowledge, experience, and efficiency producing high quality kitchen & bathroom faucets. We are proud to say that after 3.5 years of presence in the Greek market, we lead the sector with continuous growth!
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2020
mattresses Industrial
Imperial Strom
Innovation in mattresses comes from Corfu
Contact details National Paleokastritsa str., Gouvia, Corfu, 49100 Tel.: +30 26610 91145 Fax: +30 26610 91146 Email: info@imperialstrom.com Website: www.imperialstrom.gr
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Imperial Strom® is a Greek family firm, innovating in the mattress manufacturing industry for over 47 years. With its four-decade long experience, trading in the Greek market and abroad, the company produces premium integrated sleep solutions for private consumers, hotels, villas and yachts, always aligned with the current demand for quality sleep and high hospitality standards. Imperial Strom SA has been established as a leading company in its field, investing in cutting-edge technology and premium natural materials. Its products are being produced in modern manufacturing facilities in Corfu, under the strictest controls and ISO quality Certification. Imperial Strom, committed to producing innovative sleep products, regularly conducts Research and Development studies, collaborating with scientific partners and research organizations. Imperial Strom is known for its well balanced quality - price ratio of its products, the friendly service, the support preceding and following the sale as well as the respect for the environment. Imperial Strom provides tailor made products and is a one-stop solution location. It dynamically expands its network with shops all over Greece, responding to customers’ trust. The company portfolio includes the New Generation mattresses 2Face®, the innovative mattress technologies Infinity® by Imperial Strom -patent pending- and ZIPit® as well as a rich collection in pillows, mattress toppers, beds and linen, which promise an unforgettable sleep experience. Imperial Strom additionally offers a full line up of wellness and medical sleep products. Imperial Strom SA currently invests in new business development by offering supplementary sleep products, continuing its innovations in the mattress industry and expanding its sales network abroad, reaching out to more countries every year.
›››››› DIAMONDS
OF THE GREEK ECONOMY 2020
DISTINGUISHED COMPANIES
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2020
DISTINGUISHED COMPANIES
Bank Commercial
Piraeus Bank Group
Who we are
Contact details Amerikis 4, 10564, Athens Website: www.piraeusbankgroup.com
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Headquartered in Athens and with approximately 10.9 thousand employees, Piraeus Bank offers a full range of financial products and services to 5.5mn customers in Greece. The Group’s total assets stood at €60.4bn on 31.03.2020.
Piraeus Bank Group in Greece/ Μarch 2020 Net Loans
€37.0bn
Employees
10.9th
Deposits
€46.5bn
Customers
5.5mn
Branches
526
ATMs
1,890
OUR COURSE Piraeus Bank was founded in 1916. Today it represents the leading Bank in Greece with 30% market share in terms of customer loans and 29% in terms of customer deposits. The Bank is committed to play a leading role in the Greek economy, actively supporting economic activity and extroversion through specialized solutions and high-level services to its customers. Piraeus Bank’s main targets are: (a) enhancement of revenue sources and operational efficiency to generate sustainable profitability, (b) improvement of asset quality, through the consistent delivery of the 2021 nonperforming exposures (NPE) reduction plan, (c) further strengthening of capital buffers, and (d) expanding lending to support the country’s economic recovery. With its return to profitability in 2019, the recovering balance sheet, and a determination for strong corporate governance and internal control system, Piraeus Bank have laid the foundations for sustainable growth. The Bank’s effort to strengthen its capital position continued in Q1 2020 with the successful issuance of a new €0,5 bn Tier 2 in mid-February. At the end of March 2020, the pro-forma Group’s total capital ratio and pro-forma Group’s Common Equity Tier 1 (CET-1) ratio stood at 15.2% and 13.2% respectively, adjusted for held-for-sale portfolios. WHAT WE DO Piraeus Bank leads a group of companies covering all financial activities in the Greek market. Today, we rank first in business financing, with a market share of 33% and balances of c.€30bn. Piraeus Bank possesses particular expertise in the areas of medium-sized and small enterprises, agricultural banking, consumer and mortgage credit, green banking, capital markets and investment banking, as well as leasing and factoring. These services are offered through a nation-wide network of 526 branches and 1,890 ATMs of the Bank in Greece, as well as through its innovative digital banking platform, winbank. Piraeus Bank strives to differentiate itself with the provision of superior standards of customer service by adopting the most modern international innovations and technological solutions. In this context, an automated electronic branch, known as “e-branch”, was set up and has been operating since 2016. This is a completely new concept for the Greek market. Piraeus Bank currently operates 10 e-branches in which transactions are carried out with speed, convenience and security. The coronavirus is proving to be an unprecedented health emergency for societies around the world, which is mutating into a significant economic shock to the economies. At Piraeus Bank, we are responding to this crisis with a strong sense of responsibility and determination, promoting a spirit of cooperation and taking actions in order to support all our stakeholders. We acknowledge that this is a challenging period for both households and businesses and the economy overall. As a result, consistent with our corporate responsibility strategy and aiming at reducing the implications of the coronavirus emergency, we have undertaken timely measures to support customers, both individuals and businesses, with a focus on SMEs, in collaboration with the official sector, institutions, organizations and strategic partners. Piraeus Bank has taken action early on to support its clients and the economy in accordance with the measures taken by the Greek and EU authorities to alleviate the economic consequences of the COVID-19 pandemic crisis. We remain confident that, as soon as these extraordinary events subside, the economy will revert to a healthy growth. Piraeus Bank remains committed to fully leverage on its capacity to generate value, to serve and support customers, shareholders and employees. WHAT WE STAND FOR Piraeus Bank has established a unified culture based on the principles of accountability, meritocracy and transparency, aiming to be a pillar of stability for the Greek economy, to fuel growth and to promote innovation. Focusing on having a positive and lasting footprint in society, with benefits for our customers, our people, our shareholders and society, Piraeus Bank is committed to constantly create value, to challenge the frontiers, to enthuse its customers and to build relationships of trust. As Piraeus Bank acknowledges the basic role held by human resources in the achievement of its corporate strategic goals and the management of challenges, it invests in the creation of strong relations with its employees, constantly improving the working environment and minimizing risks. It works towards a modern working environment that promotes open communication, high performance, and personal development for its people. At the same time, the Group makes sure to establish and implement policies that promote issues of ethics, trust, devotion, team spirit and acceptance of diversity in the workplace. Piraeus Bank employs approximately 10,900 employees, being one of the largest employers in Greece. Piraeus Bank is committed to including social, environmental, and cultural aspects into its business practices and assumes initiatives over and above the legal obligations with the aim of enhancing social welfare and sustainable development. In the framework of its activities and operations, the Group promotes regular communication with stakeholders, in order to fulfill their needs and expectations and to promptly and effectively respond to issues concerning them. The protection of their personal data, the use of new technologies to better serve their needs, the respect for human rights, the accessibility to financial services and the respect for the environment and culture as factors contributing to sustainable development, as well as issues related to corporate culture and corporate governance, value creation for the society and risk management, are strategic priorities for the Group. Piraeus Bank is the only Greek bank to actively participate in the shaping of the global Principles for Responsible Banking, along with other 29 banks from around the world, members of the United Nations Environment Programme Finance Initiative – UNEP FI. The Principles set the global standard for what it means to be a responsible bank and will ensure that banks create value for both their shareholders and society. They provide the first global framework that guides the integration of sustainability across all business areas of a bank, from strategy to product portfolio management and transactions. The goals for sustainable development, social contribution, and responsible banking behavior are fundamental components of Piraeus’ strategy, and resonate well with its business model and shared values of accountability, meritocracy and transparency.
DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
PHARMACEUTICALS Commercial
PHARMABELLE
Offering an extensive product portfolio of innovative pharmaceutical & parapharmaceutical products PHARMABELLE, the commercial company of Tsetis Pharmaceutical Group of Companies, was founded in 2014 in Cyprus, with the vision to offer innovative pharmaceutical and parapharmaceutical products in the Cyprus and International pharmaceutical markets. We offer high-quality products for the benefit of our customers, helping to address health conditions that concern modern people, by representing the leading pharmaceutical industries Uni-Pharma and InterMed, and exporting to an extensive network worldwide. PHARMABELLE provides an extensive range of services to meet our customers’ needs. We aim to develop strategic partnerships with suppliers and companies of the highest standards to yield the maximum outcome for all involved. We are dedicated to quality in every aspect of our company’s activities, providing expertise services in: ● Business Development (Identification and assessment of products and potential newmarkets) ● Technical Assistance (Registration Dossiers, Contract manufacturing, Product development) ● Finished Products (Pharmaceutical, Healthcare, Cosmetics) ● Marketing & Sales (combining scientific knowledge with an extensive sales network).
Contact details 10 Viotias St., Aradippou 7104, Larnaca, Cyprus
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2020
DISTINGUISHED COMPANIES
pipeworks Industrial
CORINTH PIPEWORKS
A leading steel pipe supplier of the global energy industry
Contact details e-mail: info@cpw.gr website: www.cpw.gr
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Corinth Pipeworks is one of the largest steel pipe manufacturers in Europe with a leading position in the global energy industry. Corinth Pipeworks is a subsidiary of Cenergy Holdings SA. The Cenergy Holdings portfolio consists of companies positioned at the forefront of high growth sectors, such as energy, telecommunications and construction with a strong financial position, a track record of success and a promising future. 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 steel 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, SHELL, DEPA, DESFA, 0MV, ENGIE, Snam, ENI, S0CAR, National Grid, E.ON, Spectra Energy, Plains All American, Energy Transfer, Denbury, DCP Midstream, MRC Global, Spartan, EPCO, T0TAL, Enbridge, Cheniere Energy, DN0W, Repsol, STEG, Sonatrach, PDO, OGC, Saudi Aramco, EXX0N M0BIL, ABB, EDF, Terega, Saipem, Subsea 7, Noble Energy, Sapura energy, TechnipFMC, Genesis, Allseas, Gaz System, Subsea 7, Wintershall, Qatar Petroleum, KP0, GASC0, PEMEX, Whitewater Midstream and AnlgoAmerican etc. Our vision is to be the pipe producer of choice, to maintain our dedication to delivering energy to the world, to grow sustainably and set standards of excellence, to refine our quality, to invest and further develop our technical knowledge while expanding our capabilities, to increase our efficiencies and add exceptional value for customers. We deliver solutions to challenging projects with professional integrity while developing successful business relationships through mutual trust and respect. Our aim is to provide a fulfilling and rewarding environment for our people and to serve and support our community while maintaining a solid financial performance. Corinth Pipeworks product portfolio Corinth Pipeworks produces high
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© Noble Energy quality steel pipes for oil, gas, CΟ2, 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 ‘onestop-shop’ integrated services has designated Corinth Pipeworks’ position as one of the world’s top steel pipe suppliers. Corinth Pipeworks’ three main product categories are: ● Line pipes - manufactured at either the high frequency induction welding unit (‘HFW’), the helically submerged arc welding unit (‘HSAW’), or the
›››››› longitudinal submerged arc welding unit (‘LSAW/JCOE’); ● Casing pipes - used in oil and gas extraction drills; ● Hollow structural sections - used in the construction sector. Services: ● Internal and external coating of pipes produced by other pipe manufacturers; ● Concrete weight coating (CWC) for offshore projects; ● Accredited laboratory for raw material and pipe testing, in accordance with ISO 17025:2006;
● I n-house corrosion testing laboratory for sour service applications; ●W eld on connector facilities for casing pipes; ●P ipe storage; ● S upply of pipes or assignment of pipe coating to third party authorized subcontractors in the context of major project implementation; ●P ipe transportation. Corinth Pipeworks’ production facilities are certified with international standards, ISO 9001:2015, OHSAS 18001:2007, ISO 14001:2015, ISO 50001:2011 and ISO 17025:2006.
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
Industrial
SIDENOR, STOMANA INDUSTRY AND THEIR SUBSIDIARIES
The leading producer of steel products in Southeast Europe With more than 55 years of manufacturing experience and expertise in steel, Sidenor, Stomana Industry and their subsidiaries are reliable partners offering high quality and innovative solutions to their worldclass customers. Sidenor Group is a leading producer of steel products in Southeast Europe. Its extensive product portfolio, that includes both long and flat products as well as downstream steel products, is manufactured across 6 facilities in Greece, Bulgaria, North Macedonia and Cyprus. Sidenor Group is a global supplier, providing products and solutions to customers in more than 50 countries worldwide. Product portfolio The key features of the products of Sidenor Group are: ● outstanding quality; ● strict compliance to the applicable standards and regulations; ● innovative characteristics, providing customers and end users with added value; and ● excellent customer service due to extensive sales and logistics network. The companies of Sidenor group offer a broad range of value added products and solutions for civil engineering constructions (including buildings, roadworks, metro stations, bridges, shopping malls and hydroelectric dam projects), mechanical engineering, shipbuilding, road and rail, the automotive industry, and mining and tunneling applications. Sidenor Group’s product portfolio: SD integrated reinforcing system: The SD integrated concrete reinforcing system represents the approach of Sidenor Steel Industry when addressing significant demand for high ductility steel provided for increased construction quality. The system consists of SD concrete reinforcing steel,
Contact details info@sidenor.gr www.sidenor.gr
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SD stirrup reinforcing mesh, Sidefit special mesh, SD wire mesh, Sidefor and Sidefor Plus prefabricated stirrup cages, Inomix steel fibres and lattice girders. Steel plates: Manufactured in accordance with the European or the American standards are intended for general construction applications, shipbuilding industry, pressure vessels’ manufacturing, coach works, pipes production, agricultural machinery, machinery components etc. SBQ-Special Bar Quality steels: Hotrolled round bars (diameter range: 22120mm), peeled turned and polished round bars (diameter range: 30115mm) and quenched and tempered bars used in mechanical engineering, in the automotive industry, hydraulic components and in various other industrial applications. Wire rod: Wire rod of S.A.E 1008, 1010 grades in cross section range from Ø5.5 to Ø16.0, suitable for drawing applications and for mesh production. RSt37-2 grade for welding electrodes quality. Merchant bars: Sidenor produces hotrolled square bars, hot-rolled flat bars of rectangular cross-section, hot-rolled round bars of circular cross-section, hot rolled equal angles with round edges, I-section beams (IPE), and UPN channels. Steel balls for grinding: Steel balls for grinding are produced in various sizes ranging from 60mm to 125mm in diameter. They are used for grinding in ore grinding mills in the mining industry. Balls with different hardness levels are produced targeting to increase productivity for a specific metal mining application. THN Mining profiles: THN mining profiles have been developed for use in the construction of steel arches for public works and underground mine tunnels. The use of THN profiles in
›››››› tunnel and roadway support provides higher resistance and a yielding support. Boron flats: Hot-rolled boron flats are used mainly in the forklift industry for the production of the lifting forks. Boron flats are utilized where high strength, impact resistance, good bendability and weldability are required. Wire products: The wire products manufactured are: - Black soft and hard wires; - Common soft galvanised wires, semihard and heavily-galvanised wires under the trade names Syrgal, Syrgal Hard and Extragal, respectively; - Welded galvanised mesh in rolls and sheets under the trade names Perinet and Overnet, respectively; - Steel fibres for concrete reinforcement under the trade name Inomix (part of the SD Integrated Reinforcement System); - Double-twist hexagonal mesh (serasanetti) in rolls and gabions.
Welding products: Sidenor group products cover a wide range of welding, hardfacing and cutting applications. The quality offered meets the strict requirements of the construction and shipbuilding sectors, raw materials and power industries, as well as the chemical and food industries. The product range includes various types of electrodes and welding wires suitable for non-alloyed and low-alloyed steels, fine-grained structural steels, hardfacing, heatresistant steels, stainless and heatresisting steels and also for cast iron and aluminium. In order to achieve the optimum balance between operational and commercial flexibility, and production effectiveness, Sidenor Group has adopted an operational structure focused on the following three areas: ● Mini-mills; ● Downstream operations for steel product processing; ● Sales and distribution.
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
cables Industrial
HELLENIC CABLES
A leading European producer of reliable and competitive cable solutions
Contact details info@hellenic-cables.com www.hellenic-cables.com
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Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables for various industries, including offshore wind and utilities, as well as undertaking turnkey power transmission and distribution projects. Hellenic Cables is the cables segment of Cenergy Holdings, a holding company listed on Euronext Brussels and Athens Stock Exchange. Through its fully-owned subsidiary Fulgor SA, Hellenic Cables operates its submarine cables plant in Corinth, Greece, where the production and testing of some of the longest submarine cable lengths without factory joints on a worldwide basis is empowered by the Company’s state-of-theart facilities and equipment. Tracing its roots in the early 1950s, Hellenic Cables today operates 3 cable plants in Greece and Romania, for the production of a wide range of land and submarine cables as well as supporting facilities for R&D, production of compounds and wooden packaging. Hellenic Cables is an approved supplier of major international utilities, network operators and distributors. With a strong international orientation, the company exports to more than 45 countries worldwide. Focusing on the development of valueadded products and solutions, such as high and extra-high voltage land and submarine cables, the company makes significant investments towards enriching its product portfolio and enhancing its sustainability profile. Hellenic Cables recently implemented a EUR 180 million investment plan for the production of high and extra highvoltage submarine cables at Corinth plant. Looking ahead, additional investments in technology and innovative cable solutions are planned, as a way of contributing to the creation of a sustainable future for its stakeholders. Hellenic Cables offers a wide range of integrated solutions, including design, manufacturing, planning, project management and installation. In-house R&D and testing facilities guarantee continuous product development and innovation.
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Turnkey cable system solutions Hellenic Cables offers full cable system solutions that meet specific demands of its customers. The Company provides a complete package of services including: ●S ystem design and engineering ●C able route survey ●D esign and manufacture of specified un-
derground and submarine cable types ●L oading and transportation of cables to the project site
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cable laying vessels (for submarine cables) ●P rotection of cables along the cable route. Commitment to quality and sustainable development has been a key factor enabling Hellenic Cables establish a strong market position internationally while constantly improve its offering to respond to changes in customer needs around the world with reliable, safe products, based on environmentally friendly
technologies. At the same time, Hellenic Cables 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. All Hellenic Cables production facilities are certified with International Standards, ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, ISO 50001:2011, ISO 22301:2012 and ISO 27001:2013. Cables are supplied to a variety of international standards, such as VDE, CEI, NF, SFN, BS, UL, NFMA, JIS, ASTM, DIN and ELOT.
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
COPPER TUBES Industrial
HALCOR
A leading global producer of innovative and high added-value copper tubes solutions
Contact details info@halcor.com website: www.halcor.com
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Halcor is the copper tubes division of ElvalHalcor S.A., a leading copper industry that specializes in the production, processing and marketing of copper and copper alloys products with dynamic commercial presence in the European and global markets. For more than 80 years, Halcor has been offering innovative and high added-value solutions that meet contemporary customer demands in fields, such as building applications, HVAC&R, renewable energy, architecture, engineering and industrial production. Halcor and the copper subsidiaries Fitco S.A., Sofia Med S.A., Epirus Metalworks S.A., Cablel Wires S.A. and the joint ventures NedZink and HC Isitma consist the copper segment of ElvalHalcor S.A. and they operate a total of six production plants in Greece, Bulgaria, the Netherlands and Turkey. Halcor and the copper subsidiaries develop and distribute a wide range of products, including copper, brass and copper alloy rolled and extruded products with Halcor being the sole producer of copper tubes in Greece. Halcor and ElvalHalcor’s copper segment subsidiaries export more than 90% of their production to 60 countries, asides the
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business in Greece. As a result of its strategic investments in research and development, Halcor is recognized as one of the leading copper producers globally, setting new standards in copper processing. An example that highlights the Company’s successful strategy and at the same time embodies the benefits of research and development is the operation of the Inner Grooved Tubes heat transfer laboratory within Halcor’s production plant. The distinctiveness of the heat transfer laboratory is the ability to customize Talos® Inner-Grooved (IGT) and Talos® ACR tubes according to the technical specifications of each customer. In addition, this laboratory is capable of producing technologically innovative tube products for specific applications. Halcor is one of the few manufacturers that have a laboratory for testing the thermal performance of inner grooved tubes, in house. Halcor maintains a consistent focus on quality and environmental protection and a strong commitment to the principles of sustainability. All production facilities leverage the advanced technologies to bring in the market innovative
›››››› products that are energy efficient and environmentally friendly. Halcor’s copper tubes production plant certified with the international standards ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007 and ISO 50001:2018. Halcor – product range Halcor offers a wide range of energy efficient and environmentally friendly products. ● Copper Tubes: TALOS®: Water Supply, Heating, Natural Gas TALOS®MED: Medical gas distribution networks TALOS® COATED: Water supply, heating, cooling TALOS®ECUTHERM™: Water Supply, Heating Air-conditioning, Refrigeration, Solar Systems, Industrial Networks CUSMART®: Water Supply, Heating, Floor Heating & Cooling TALOS®GAS: Interior Natural Gas Networks TALOS®PLATED: Water Supply, Heating TALOS®SPRINKLER: Fire Extinguishing Networks TALOS® ACR: Heating, Ventilation, Air
Conditioning, Refrigeration TALOS® ACR INNER GROOVED: Heat Exchangers TALOS® ACR ECUTHERM™: Refrigeration and air conditioning TALOS® ACR ECUTHERM II™: Airconditioning and Refrigeration TALOS® ACR LINESETS: Air conditioning and heat pump systems TALOS® XS: Industrial applications TALOS® S80: Refrigeration TALOS® ACR Inner Grooved: Heat Exchangers TALOS® FORM: Industrial applications TALOS® SOLAR PLUS: Solar panel applications TALOS® LPG: Gas powered vehicles ● Copper and titan zinc gutters ●B rass 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. ●C opper sheets and strips for architecture applications, such as domes, roof covers, exterior surfaces, gutters.
●C opper 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, heatexchangers, electricity converters, connectors, refrigerators, pre-rolled high- frequency cables, ammunitions, wrapping for fire-resistant cables, electrical cable wrapping. These products are suitable for marine applications, for the defense, petrochemical, electrical, nuclear and medical industries, as well as for machining and special tools, cooking utensils, art and decoration. ●U R30® copper alloy wire and net for cage farming aquaculture. ●C opper alloys for the production of beakers, discs and coins blanks and rings for bi-color coins blanks. ●C opper bars, rods and strips for architectural applications, electrical and mechanical equipment and decoration. ●E nameled and welding wires.
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
ALUMINIUM Industrial
ELVAL
A worldwide leading aluminium rolling mill
Elval is the aluminium rolling division of ElvalHalcor S.A., one of the leading aluminium rolling processors worldwide and the only one in Greece. For more than 50 years, Elval has been recognised as a trusted partner, committed to sustainable and innovative manufacturing of a broad portfolio of high quality aluminium flat rolled products. Having intense focus on investing in cutting- edge infrastructure while improving and extending production facilities, Elval has reached an annual production capacity of 292,500 tons. The plant has the ability to sustainably produce wide coils (up to 2.6 m) as well as sheets and plates for an extensive range of applications in a number of diverse markets. Elval and ElvalHalcor’s aluminium segment subsidiaries export 90% of their production and are able to offer reliable, innovative and competitive solutions that meet the requirements of the most demanding global customers. The extensive product portfolio of innovative products includes aluminium sheets, plates and coils for various markets including packaging, transportation (sea, road and rail), automotive, HVAC&R, building and construction, energy and industrial applications among others.
Contact details www.elval.com info@elval.com
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Through the Elval Technology Centre, a department dedicated to R&D, Elval is able to develop innovative solutions and sustainable aluminium products. Moreover, the strategic partnership with United Aluminum Company of Japan (UACJ Corp.) has allowed it to reach a number of technological breakthroughs in the HVAC&R sector. Elval has an ongoing focus on employee health and safety, environmental protection and social contribution according to the principles of sustainability and circular economy. The aluminium rolling production unit is certified as per ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, IATF 16949:2016 and ISO 50001:2018. In 2019 Elval became a member of the international initiative ASI (Aluminium Stewardship Initiative), a global organization committed to maximizing the contribution of aluminium to a sustainable society. In June 2020 Elval installed a new fourstand tandem aluminium hot rolling mill. The tandem mill is part of a EUR 150 million investment in equipment, technology and infrastructure which represents the first phase of Elval’s strategic five-year plan to more than double its flat rolled aluminium products capacity. This first phase is followed by a second one, totaling EUR
›››››› 100 million for production equipment and R&D infrastructure which includes the installation of a 6-high aluminium cold rolling mill. The ongoing strategic investment programme will not only expand Elval’s presence in current markets but it will also secure its competitive position as one of the world’s leading aluminium producers. Elval product range Elval produces aluminium sheets, plates, coils, strips and circles for a wide range of applications covering various markets. Packaging ● Soft drinks and beer cans ● Food containers ● Aerosol valves ● Closure caps Shipbuilding ● Patrol vessels Pleasure boats ● Workboats/supply vessels ● Yachts ● Pontoon boats Road and rail transport ● Trucks and trailers ● Tipper trucks ● Road tankers ● Road silos ● Refrigerated trucks
● Cargo rail wagons ● Buses/coaches ● Special purpose vehicles ● Caravans/Recreational vehicles ● Fuel tanks ● Air-pressure vessels
Automotive industry
● Various internal parts and components ● Heat and sound insulating covers ● Suspension and brake systems
Heating, ventilation, cooling
● Heat exchangers ● Car radiators ● Air coolers ● Condensers ● Evaporators ● Oil coolers
Construction / architectural applications ● Curtain walls ● Composite aluminium panels ●P erforated & corrugated material ● Facades ● Construction angles ● Metal roofs and false ceilings ● Venetian blinds /Rol. shutters ● Garage and industrial doors ● Window spacers ● Rain gutters
Water transport systems ● Multi-layer tubes Renewable energy ● Windmill platforms and nacelles ● Solar systems
Oil & Gas ● LNG storage tanks
Power networks ● Bus ducts
Engineering applications ● Static silos ● Geodesic domes and floating roofs ● Flat screen TVs (LED) ● Printed circuit boards ● Light bulb bases ● Communications equipment boxes ● Heat-insulating pipes ● Toolboxes Household appliances ● Cookware ● Kitchen appliances
Signage ● Name plates ● Road signs ● Billboards ● Car license plates ● Aluminium trims
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
copper Industrial
FITCO Metal Works Single Member S.A.
A leading Greek copper alloy producer with significant international presence Fitco is a subsidiary of the copper segment of ElvalHalcor and a leader in the Greek copper alloy market. Active for more than forty-two years, Fitco is an industrial company specialising in copper alloy semi-finished products for industrial and architectural applications. The Company invests in research and innovative technologies, aiming to stay ahead of the competition in terms of productivity, product innovation and quality. Fitco has significant international presence, exporting approximately 78% of its production, and provides exceptional support for its products, which are distributed to more than thirty countries worldwide. The Company focuses on responding reliably and rapidly to changes in demand with the aim of achieving total customer satisfaction. Fitco has a steady focus on the sustainability principles and acts responsibly throughout the entire range of its business, being a reliable business partner. Fitco’s plant is certified with the international standards ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, and the process of certification as per ISO/TS 16949:2016 (for the automotive industry) is in progress. Also its products conform to the main European and US quality standards (EN, DIN, BS, NF, ASTM, JIS). Fitco product range ● Solid and hollow copper alloy rods
(round, square or hexagonal) ● Copper alloy sections and flats ● Copper alloy tubes
Contact details www.fitco.gr info@fitco.vionet.gr
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● Copper alloy wire and net
for fish farm cages
● Copper alloy wire
DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
Soft Drinks and Juices Industrial
EPSA S.A.
A story of refreshment
Michalis Tsaoutos, General Manager
The history of EPSA dates back to 1924, when there was a surplus of lemons in the geographical area of Pelion. Observing a sales increase of traditional lemonade by peddlers, the owners of EPSA set the goal to create a factory to produce soft drinks. A German chemical engineer was invited to assist with the production of lemonade. It was then that a secret recipe was born and is preserved until today. In addition to maintaining refrigerated rooms for fruit conservation and sales of ice, EPSA also entered the production of soft drinks. At that time, EPSA was the main distributor of power supply in its entire surrounding area. During the nine decades that passed since then, a lot of progress has been made. In 1937, EPSA was awarded the “Golden Award for Quality” at the Thessaloniki International Fair. EPSA’s noted glass bottle, that was meant to become the landmark of the brand, was designed in 1940. Today, EPSA is still situated at exactly the same place in Agria, in the city of Volos, maintaining modern facilities soft drink production. EPSA applies quality control systems ISO 9001:2015, ISO 22000:2005 and an IFS Food Standard certification. During the past few years, in addition to the classic Orangeade, Lemonade, Lemon Soda and Soda Water, many new products have been added: Iced Tea in several flavours, Tonic, Sour Cherry Drink, Organic Lemonade and Orangeade and Lemonade, Orangeade and EPSA Cola light (sweetened with stevia). Also, “light drops”, a liquid stevia sweetener and Pink Lemonade was some of our latest additions to our product portfolio. In April of 2019 we re-launched the EPSA Cola with sugar and as far as 2020 is concerned, we have two key launches. The first one is our Summer mix flavor with strawberry and basil, that will be available for a few months as a limited edition. The second one is a new subbrand of EPSA called You Cann, a Carbonated drink with hemp infusion, vegan certification and stevia infusion. The factory and offices are open every day from 07:00 am -17:00 pm.
School visits to the Museum are welcomed by appointment from October to May.
Contact details Agria, Volos 37300, Magnesia, Greece Tel.: +30 24280 91901 Fax: +30 24280 91900 E-mail: info@epsa.gr Website: www.epsa.gr
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
Aluminium
Etem is a leading aluminium extrusion supplier and a fully integrated designer and producer of architectural systems and aluminium profiles for the automotive industry and other industrial applications. Founded in 1971 with almost  50 years of experience and continuous presence in both design and production of profiles for architectural systems and different industrial applications, the company is committed to serving its customers with value added products and services. Currently aluminium profiles and parts for the automotive industry are produced by Etem Gestamp a new joint venture between Etem and Gestamp. Etem has become a
Industrial
ETEM
A leading aluminium extrusion company in Southeastern Europe
Contact details info@etem.com www.etem.com
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global aluminium company, exporting in more than 50 countries, offering continual and uninterrupted delivery of quality products to global customers. Etem products are the preferred choice for significant building projects, throughout the world. Etem’s objective is to design and produce products that help people improve their every-day living in a residential, commercial or professional environment. Focusing on innovation, investment in capital equipment and personnel development, the Company offers a wide range of products for architectural systems, profiles for practically any use and profiles and parts for the automotive and other indus-
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tries. These are energy-efficient products that are recyclable beyond their operating lifespan. The Etem group strives to achieve continuous and responsible growth, based on the sustainability principles. The Etem group’s operations and development follow the international standards of corporate responsibility, to protecting the environment, implementing responsible employment practices, to provide a safe working environment for its people, as well as supporting and cooperating with the local communities. Company’s production facilities are certified with the international standards, ISO 9001:2015, and ISO 14001:2015.
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
Pharmaceutical Products
MEDOCHEMIE HELLAS
Enjoying ongoing growth in 2020
Industrial
Antonis Efmorfiadis, CEO
Contact details 6 Paster St., 115 21 Athens, Greece Tel.: +30 210 6413160 Email: greece@medochemie.com Website: http://www.medochemie.com/
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Medochemie Hellas, a generic subsidiary of Medochemie Ltd, has enjoyed an impressive track record of successful business and dynamic growth in the Greek pharmaceutical market ever since its inception in 2002. Parent company Medochemie Ltd, a Cyprus-based multinational pharmaceutical with more than 44 years of successful activity, is involved in developing, manufacturing, marketing and distributing branded and super generic pharmaceutical products since 1976. The firm operates 13 production units, and holds as many as 4,355 marketing authorizations for 630 different products in more than 10 therapeutic categories, distributed in more than 107 countries worldwide. Medochemie Hellas, with a staff of more than 65, focuses on the segment of prescription generic medicine in the private and hospital markets, offering more than 40 products mainly in the central nervous system, cardiology and pathology catego-
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ries. The firm is based in central Athens, in privately-owned premises. Vision The firm’s stated vision is to be among the fastest growing generic companies in Greece, and in the domestic top-5 of prescription generics firms, offering quality drugs, consistency and reliability to both patients and the medical world. Values The primary values governing the operation of Medochemie Hellas are: ● Passion for performance ● Responsibility / Quality ● Entrepreneurship / Innovation ● Interest for man ● Team spirit Performance Honoring the firm’s contribution and significant performance through the years, Medochemie Hellas has been awarded as: “The
Performance highlights: ● In the first five months of 2020, the firm climbed to 6th place in the Greek generic market of prescription drugs, from 34th in 2011. ● Its market share rose to 4.2% in the first five months of 2020, compared to 0.8% in 2011. ●A verage growth recorded in 2012-2020 stood at an impressive 26.6%, amid a negative growth market environment. ● E ight (8) of its products are market leaders, among all generics. ● I n the four-year period of 2017-2020, the firm imported 13 new major products in the pharmaceutical market, which will determine the firm’s growth rate in the near future.
Corporate social responsibility Medochemie Hellas closely monitored the outbreak and escalation of the Covid-19 pandemic and took specific measures to protect public health and patients, as well as the safety of staff and their families. One of the first socially responsible steps taken was to halt scientific associates’ visits to clinics. In addition, all Medochemie staff worked hard to ensure a smooth supply of the market. Believing in a “humane” growth, Medochemie views its social work as a significant element in its operation. The company regularly donates pharmaceutical items to help social clinics and pharmacies, as well as organizations, such as Doctors of the World, World Pharmacists, etc. During the unprecedented outbreak of the Covid-19 pandemic, Medochemie Hellas contributed to a donation by the Panhellenic Union of Pharmaceutical Industries (PEF) of 40 ICU beds to the Ministry of Health.
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fastest growing pharmaceutical company of prescription generics in Greece, operating in a negative environment.”
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
ADUS
A 10-year leader on supermarket shelves
FMCG Services
Since 2009, ADUS has been enjoying continuous growth, providing specialized and effective services to FMCG (Fast Moving Consumer Services) businesses, in the areas of Sales and Merchandising, In-store Sales Promotion, Product Immersion & Placement and Mediation for Business Extroversion Services, in the Retail Sector in both the domestic and international markets. Throughout the 10 years of its operation, ADUS has been distinguished for its innovative Outsourcing model and services, and has been awarded by Stelios Award for Young Entrepreneur of the Year in Greece 2012; PRAISE - Sales Ex-
cellence Awards 2013; BRONZE - Sales Excellence Awards 2014; and, BRONZE - Mobile Excellence Awards 2015. The firm is a member with the Hellenic Federation of Enterprises (SEV), British Hellenic Chamber of Commerce (BHCC) and “Delphi” Economic Forum. ADUS continuously empowers its mission as a Provider of an Outsourcing Model for FMCG, building up sustainable partnership relationships characterized by the firm’s commitment to sustainable growth, commercial development, minimization of the cost of sales and securing increased profitability for its clients. Our successful part-
Takis Loukeris, CEO
ADUS Business Executive Event “Outsourcing Model for Sales Growth,” at the British Ambassador’s Residence in Athens
Contact details 14 Nemeas St., Agioi Anargiroi, Athens, 13562, Greece Tel.: +30 2102623696 Email: sales@adus.gr Website: www.adus.gr
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Mr. Takis Loukeris and Mr. George Karlaftis, Board Member
nerships indicatively include the following companies: Kriton Artos, Violanda, Christodoulou Family, Dr Oetker, Palirria, Hell Energy, EPSA, Theoni and many more. After 10 years of experience, we have proven that ADUS is not only a service provider that can increase your company’s sales, but also a partner you can trust, to deal with crises and unexpected market events. A very recent example is the COVID-19 pandemic, which caused havoc in the global economy, unlike anything we have seen before. Our experience, expertise and ΙΤ infrastructure, gave us the capability not only to support our partners to get out of this crisis and to effectively cope with new challenges, but also to strengthen their position in market. As presence in supermarkets is necessary, ADUS never stops its operation, especially during the “lockdown” period, when a product’s shortage would have
an almost double cost for the company, as consumers would opt for an alternative, prescribing the product’s poor future sales. As health and safety is a paramount priority, ADUS adopted all safety measures introduced by the WHO (World Health Organization), to ensure health protection of both customers and staff. Meanwhile, our webbased structures and technologies limited the levels of our exposure. Our security-focused approach gave comfort to supermarket staff, in turn allowing us to continue our work. ADUS’ sales team continued their instore visits, monitoring and organizing our clients’ products on shelves. Thus, we managed to increase our partners’ sales and empower our position in the supermarket segment. ADUS is regarded as an indispensable partner for fast and effective product supply services. In addition, as the coronavirus pandemic continues to spread,
with a sense of responsibility for companies who face difficulties due to staff absence from sales departments, we decided to introduce a flexible cooperation scheme, for as long as the crisis lasts. Our proposed services can increase a company’s sales instantly, by frequent communication through scheduled in-store visits; specialized merchandising services, provided by our experienced representatives in supermarkets; logging, stock counting, putting products on the shelf and recommendations to the supermarket manager, on the amount of stock to order, a process which, as statistically proven, leads to indirect and continuous increased sales. Our services guarantee the continuous presence of products in supermarkets, while the product management process reflects our professionalism and benefits our clients with added value. We will continue to provide our high-quality services and exemplary customer support, despite the rapidly evolving events.
O u t so u r c i n g S a l es • M er c h a n d i si n g In-Store Promotion • Exporting Services
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
Construction & Renovation Commercial
Epikyklos headquarters in Kolonaki EPIKYKLOS construction company
We create the spaces that shape us Iosif Arampatzis, CEO
Contact details Academias 8 & Kanari Street, 10671 Athens, Attica, Greece Tel.: +30 210 5069099 Email: info@epikyklos.gr Website: www.epikyklos.gr
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Our vision is to create a more beautiful world; hence, our projects are devoted to well-being with genuine interest in man and high moral values. Our 11 years of experience, 600 completed projects and 90,000sqm of constructed areas, have proven to us that man has a responsibility in the way it intervenes in space, while space has the dynamic to change the way people live within it. We prioritize the human element in everything we do. We strive to become acquainted with our customers in order to offer them a functional space that is inspired by their own, personal traits -- a space for work or living that will allow them to lead a harmonious life. To achieve our vision, we invest in honest human relationships based on respect and high moral values. Trust, honesty, passion, a human-centred approach and social responsibility are the core values that characterize our company’s activities and reso-
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nate with our every step. Thanks to our excellent know-how and persistence for perfection and innovation, we achieve extraordinary and long-lasting results. At the same time, we operate with transparency, and approach every aspect of our work in a holistic manner. We can guarantee each project’s on-time delivery and offer competitive costs, while taking into account your wishes and respecting your budget. CONSTRUCTION & RENOVATION We approach construction and renovation with experience, sophistication and high architectural standards. These values are vital for a fully guaranteed and financially transparent process that will render a new home not only a life reward, but also an excellent investment. TOURIST PROPERTIES We enhance the tourism industry through
Green Suites 5* Boutique Hotel: the only hotel build in Athens in 2020 unique branding, design and construction services. These we treat as parts of a single equation solved effectively, promptly and cost-efficiently, enabling the client to lead their competition. WORKSPACES We believe that a workplace must be designed to stand out in order to ensure the success of a business. As with every EPIKYKLOS project, workspaces are always delivered within the desired budget and timeplan. COLLABORATIONS We foster successful collaborations with architects and engineers of all specialties. Our respect for design and fine construction builds strong professional bonds under a common vision, which turns the EPIKYKLOS team into a valuable partner. INVESTMENTS We attract investors, thanks to our leading position in the real-estate market, the reliability of our partners, and the creativity and innovation that charac-
terize our projects - all success factors that are valuable to investors wishing to pursue opportunities in the Greek market. COMMERCIAL PARTNERSHIPS We maintain commercial partnerships with high-quality material and product vendors, maximizing the construction speed while minimizing the cost. RESEARCH We invest in research for cutting-edge construction methods and novel materials, all the while adopting 3D printing and other innovative techniques that leave their mark on each project.
CULTURAL EVENTS We actively participate in local shows and other cultural events that have an impact and promote growth, driven by our sense of social responsibility. At Epikyklos, we are dedicated to man and space, and firmly believe in the constant improvement of our work. We remain true to our vision for a more beautiful world, devoted to creating spaces that shape us.
INNOVATION We offer innovative solutions to our customers. EPIKYKLOS is the first company in the field of renovation that has created economical renovation packages for all. We also provide our clients with a new innovative online app that allows them to be informed real-time about the progress of the construction or renovation of their space.
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
Medical Services Commercial
Affidea
Human-centered innovation and high-quality care
Theodoros Karoutzos, CEO, Affidea Greece.
Contact details 122 Vouliagmenis Ave., 167 77 Hellinikon, Athens - Greece Τel.: +30 210 6148780 Fax: +30 210 6148782 Email: info.gr@affidea.com Website: www.affidea.gr
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Affidea is a leading provider of advanced diagnostic imaging, outpatient and cancer care services in Europe, operating 280 centers in 16 countries. Affidea employs more than 9400 health professionals and performs millions of diagnostic tests annually. With 15 years of presence in Greece, Affidea is already a dynamic player in primary healthcare -- specifically in the market of diagnostic digital imaging and biopathology
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laboratories. Affidea boasts an extensive network of standard medical facilities, offering high-level safety, comfort and aesthetics, and constantly developing across the country. All centers are certified according to international standards ISO 9001 and ISO 27001, while biopathology labs are accredited by the National Accreditation System as per ISO 15189. Since its inception in 2005, Affidea Greece
›››››› has earned the trust of private health insurers, patients, doctors and NHS, putting into practice its core values of reliability in diagnosis, innovation in practices, and reciprocity in relationships. Using state-of-theart medical equipment, as well as applying demanding protocols to diagnostic tests such as MRI and CT scans, and following the latest medical developments, Affidea is proud to be one of the top and highquality providers of primary healthcare. Investments made in recent years, combined with continuous upgrades of premises and building infrastructure, are the best guarantee for the provision of an outstanding patient experience with a focus on continuous improvement. Under a humancentered orientation, Affidea is constantly investing in cutting-edge medical and digital technology and innovative practices to improve health services and patients’ quality of life. Skilled and specialized staff with the required know-how and experience, are always able to provide faster, better and more affordable access to high-quality care by delivering clinical excellence. Affidea continues to invest and pioneer, focusing on patient’s needs, faithful to its vision and mission to provide the most modern health services, delivered with empa-
thy, built on professional trust, and driven by innovation. The satisfaction of the examinees who seek and trust its services is a priority. The company’s philosophy is based on the belief that “nothing is more important than health”, an idea that guides its people every day and on which it builds its services. Aiming at expanding its activities into new sectors and new markets, the firm is developing a growth path to help bolster and consolidate its leading position in the health sector. “Despite the challenges, we remain committed to our goal of creating added value in the societies where we operate. We are proud of our footprint and, with the vehicle of innovation, we are committed to continuing our mission to save more lives,” said Theodoros Karoutzos, CEO, Affidea Greece.
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
Commercial
Gruppo Cucine
Creativity, high aesthetics, timelessness Bringing luxury and elegance in the kitchen Kitchen furniture firm Gruppo Cucine has been identified by founder Constantinos Leventakis’ creativity, sensitivity and insight since its inception. Constantinos’ goal, in addition to constructing kitchen furniture, was to add beauty and elegance to the daily life of hundreds of families. The company’s experience may be now counting several years, but its vision remains the same: “to use our craftsmanship and creativity to make the lives of our fellow human beings more beautiful, offering them unique kitchens to enjoy moments of happiness with their loved ones.” Gruppo Cucine has established itself as a leader in the Greek market as a result of the unique, modern and quality Italian kitchen furniture it offers, as well as the personal and timeless relationships of trust it has built throughout its operation.
George Leventakis, CEO and Co-Founder
Contact details CHALANDRI 244 Kifisias Ave., Chalandri, 15231, Attica, Greece GLYFADA 101 Vouliagmenis Ave., Glyfada, 16674, Attica, Greece VOULA 9 Grammou & Lefkados, Voula, 16673, Attica, Greece EGALEO 432 Athinon Ave., Egaleo, 12243, Attica, Greece Tel.: +30 2152152227 Email: info@gruppocucine.gr Website: www.gruppocucine.gr
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Administration Furthering the vision and course of the family business he founded together with his father Constantinos and his siblings Sofia and Aris, George Leventakis (CEO and CoFounder), succeeded in just a few years to develop the firm and triple its size in terms of network and human resources, creating a leading kitchen furniture brand in Greece. He considers Soft Skills as his associates’ most cherished qualifications: empathy, awareness, positive energy, hard work, teamwork, and cooperation - always seeking to be useful and constructive for society, the environment and fellow human beings. Facilities In 2009, following a growth in customers and associates, Gruppo Cucine moved its facilities to a new 700-sqm, state-of-the-art
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building in Egaleo, while since 2019 it operates a new, ultramodern showroom in Glyfada. The firm has a number of warehouses throughout Greece to allow prompt service to clients, saving them extra costs. In addition, the company operates stores in the Athens suburbs of Chalandri and Voula. Corporate social responsibility Gruppo Cucine’s environmental sensitivity is proven by the fact that all the factories it represents use fully recyclable, certified, environmentally-friendly and human-safe materials, in addition to being 100% solarpowered. All products are certified and approved for indoor use according to the strictest international standards, as the same products are also exported to more than 80 countries worldwide, with even stricter standards than Greece. As part of its corporate social responsibility, Gruppo Cucine undertakes to plant a tree for each kitchen furniture set sold. Thus, the energy consumed to create the furniture returns to nature, where it belongs. Technology & COVID-19 Gruppo Cucine invests in the use of modern technology and offers new ways of communication and service to its customers. The special conditions as a result of the Covid-19 pandemic, allowed the firm to put in full use the digital services that it already had, and was in a position to suggest to clients an online and safe approach to designing the kitchen of their dreams! The online design application significantly reduced the purchase decision time, enhancing the firm’s flexibility, especially in cities such as Athens. At the same time, clients in more remote locations were given the option to design and buy their kitchen furniture from the comfort of their home. In addition, online services meant a welcome cut in travelling costs. The
Customer-tailored solutions In kitchen design, overlooking the special needs of either the main user or any other family member is regarded a common mistake. Gruppo Cucine places emphasis on examining individualized needs per case, in order to provide solutions that cover the ergonomic needs of multiple users of the same kitchen. Focusing on a human-centered design, the firm suggests optimum solutions for all types of consumers, including groups of fellow citizens with special abilities and skills.
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online design option was available even before the Covid-19 lockdown period, but its daily and more intensive use gave birth to new ideas on enhancing the quality and speed of communication that we will see in the future.
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DIAMONDS OF THE GREEK ECONOMY
RE/MAX
DISTINGUISHED COMPANIES
Real status in real estate
2020
Real Estate Services
Mrs Stavroula Vamvaka & Mr. Christos Bletas, Owners
Contact details RE/MAX New Deal - Kolonaki Square 24 Kanari St. (Filikis Etairias Square), 10674 Athens, Greece Tel: 2103390500 newdeal.remax@gmail.com RE/MAX New Deal - Aristotelous Square 33 Tsimiski St., 546 34 Thessaloniki, Greece Tel: 2310620520 remaxnewdeal.thessaloniki@gmail.com RE/MAX New Deal Glyfada 15 Grigoriou Lambraki St., 166 75 Glyfada, Athens, Greece Tel: 2103390501 remaxnewdeal.glyfada@gmail.com RE/MAX New Deal Piraeus 131 Praxitelous St., 185 32 Piraeus, Greece Tel: 2112120980 remaxnewdeal.piraieus@gmail.com
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Who We Are RE/MAX, founded in the US in 1973, is a multinational real estate corporation with presence in over 108 countries, 8,000 branches and over 130,000 real estate consultants. RE/MAX Greece is the #1 real estate network in the country and our branch, RE/MAX New Deal, ranks #1 in sales in Greece and has the largest number of active agents. RE/MAX New Deal was founded in 2005 and has its headquarters in Kolonaki Square, central Athens. The company enjoys a global presence and regularly presents investment opportunities in Greece and attracts many investors from abroad, including China, Israel, Middle East, Turkey, Egypt and Russia. RE/MAX New Deal representatives operate in many European cities, as well as in Beijing, Shanghai, Tianjin, Smyrna, Abu Dhabi, Alexandria, Beirut and Cairo. Stavroula Vamvaka: Founder and CEO Stavroula Vamvaka, in charge of RE/MAX New Deal, has been awarded several times for running one of the best real estate agencies in Europe. She studied Law at the University of Athens and has a background in business and real estate services. Stavroula often appears on mass media as she is regularly interviewed by Greek news channels, and her articles have been published in the
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press. She has also hosted an original TV show called “Time for New Deal,” where she presented investment opportunities, and real estate market news and developments. Experts in the Global Market RE/MAX New Deal takes part in various international shows and exhibitions and is highly recognizable by global partners. The company has been innovative in promoting the Golden Visa Program, which is a common reason why foreign investors enter the Greek market. The Four-Branch Network RE/MAX New Deal operates in four locations in Greece, all in central areas of the country’s largest cities. All the company’s agents earn the privilege to attend the company’s in-house Real Estate Academy before offering their top-tier services to our clients. Distinctions RE/MAX New Deal is an award-winning organization, considered a paragon of entrepreneurship both domestically and abroad. RE/MAX New Deal ranks #1 in Greece in the RE/MAX network. ● # 1 in Property Sales for 12 consecutive years (2008-2019) ● #1 in Development ● #1 in Number of Transactions
›››››› 4 out of 5 top agents in Greece are RE/MAX New Deal agents (2018). Those agents belong to our platinum club, through which agents earn over €175,000 in annual commissions. RE/MAX New Deal has also received several awards in Europe, among 2,400 RE/MAX branches (2019). ● #8 in Development ● #14 in Number of Transactions ● #27 in Gross Revenue The company’s agent list includes the #1 agent in Number of Transactions in Europe among 26,000 agents of the RE/MAX network. Legal Services Our legal associate is Christos Kobiliris & Co., which specialize in real estate and provide top-tier legal services to our clients. Our Mentality We pride ourselves of our efficiency and unmatched service. We invest in the most dedicated agents who are trained to satisfy the needs of every client, whether they want to invest or sell their property fast and at the best price possible. Consulting: Giving our Clients the Competitive Advantage Market shifts are a common phenomenon. In order to make the most of arising oppor-
tunities - whether it is investment or selling - you can rely on our advice. Our renowned professionals monitor the market on a daily basis and have both the expertise and the experience to give you the competitive advantage in the real estate market. Property Management We manage and list your property on shortletting sites, like Airbnb, so that you can maximize your rental income. We have a check-in/check-out service for guests, and inspect properties before and after accommodation. We also take care of the bills on your behalf. In case of damages, we offer to restore the property by specialized professionals after consulting with you. Construction/Renovation We offer to renovate or reconstruct any space or building, residential or commercial, according to your personal needs. Loan Issuance In collaboration with one of the largest financial institutions in Greece, our specialized Consultant can help you acquire a housing loan tailored to your needs. The Academy The Real Estate Academy by RE/MAX New Deal is the first institution in Greece to provide a curriculum in real estate and a government-approved certificate of attendance.
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
Food Products Commercial
Eleofillo
Olive oil and fine food products
Contact details Koumari Aeghio 25100, Greece Τel.-Fax: +30.26910.61762 Email: liofillo@otenet.gr Website: http://www.eleofillo.gr
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Eleofillo was founded in 2005 in Aigion, Western Greece by Sotiris Angelakopoulos, and is involved in processing, packaging and delivering a variety of Greek agricultural products worldwide. The continuously upgraded industrial complex in Koumaris Aigion, Western Greece is engaged in the production, processing and bottling/ packaging of olive oil, vinegar and balsamic vinegar. The production plant is fully certified by ISO 22000, and comprises: ● Sheltered floor space of 800 sqm, fully controlled as per HACCP - ISO 22000, at all stages production.
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● S tocking capacity of 800MT of olive oils in stainless tanks. ● F ully-automated bottling facility equipped with brand-new packing lines dedicated strictly to the olive oil industry needs, as per HACCP - ISO 22000. ● F ully-equipped, privately-owned laboratory for analysis & quality control, always applying and tracing technological updates, supported by scientific personnel specialized in Olive Oils analysis. ● S toring warehouse for finished products. The firm regards as its main asset its
›››››› highly-qualified and skilled personnel, which guarantees the quality-standards of our products and services. The company’s current exports activity spans more than 13 countries worldwide. Our goal is to be able to deal with current challenges with flexibility, innovation and high corporate social responsibility. Our commitment is to pursue our goals with the highest level of respect for environmental protection and dedication to human values and needs. Last but not least, our aim is to maintain long-term relations with our customers and suppliers, based on mutually appreciated values and practices.
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
Hotels Commercial
Wyndham Grand Athens
About Zeus International H. Siganos, CEO
Contact details Achilleos 19 & Kolonou Str. GR 10436, Athens - Greece Tel.: +30 216 8009900 Fax: +30 216 8009930 Email: info@zeusintl.com Website: http://zeusintl.com
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ZEUS INTERNATIONAL, a leading company in the field of hospitality is providing professional management services covering project development, interior design, technical and preopening services including procurement. Our team of in-house project managers and hotel experts has a proven track record of success in increasing the financial results while meeting legislative requirements and being aligned with branding standards of major collaborating Hotel companies such as Hilton Hotels, Wyndham Hotels & Resorts and Radisson Hotels. ZEUS INTERNATIONAL operates 22 hotels in Greece, Italy, Romania, Croatia, Bulgaria and Cyprus with corporate offices in Athens and Milan.
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›››››› Wyndham Grand Crete Mirabello Bay
Dolce Athens Attica Riviera
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
Generation Y
International eBusiness Hub
INTERNATIONAL E-BUSINESS HUB CONSOLIDATED GROUP SALES IN 2019:
65,000,000€
Celebrating 20 years of experience, Generation Y is a Greek multinational company, which leads the market in the field of digital transformation and e-commerce and exports know-how in 24 countries all over the world. With a staff of 231 and as many as 2,500 active projects, the renowned international e-business hub has widely contributed to a new digital revolution, being a trusted partner for companies and organizations, investing primarily in people and consistently pursuing a vision of community growth and digital co-creation of the future. Specializing in the creation of innovative online solutions, custom B2B & Β2C platforms, and web applications, as well as promoting them through conceptual and targeted digital marketing campaigns and business strategies, Generation Y strategically places its partners’ success at the front line.
Anastasios Spanidis, CEO
Within two decades of operation, the company has retained 95% of its clientele, while it largely works through word of mouth, by its existing, highly satisfied customers. It currently operates in 24 countries, with offices in 10 of them (USA, UK, Cyprus, Romania, Germany Albania, Bulgaria, Dubai, China, Spain, and head offices in Greece), where it has implemented and continues to do so, mediumand large-scale projects. Seeking wider quality control and greater knowledge before making any decision, and considering every possible need a business may have, Generation Y has created 9 Business Units as part of the company’s innovations. These 9 business units are independent but at the same time co-
Contact details Ag. Triados 36, 175 62, Paleo Faliro, Athens, Greece Tel.: +30 210 9313200 Website: www.generation-y.net
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operate closely through intra-departmental communication, making another step towards collective wisdom and offering measurable solutions to the company’s partners. Among the firm’s innovations, we single out the creation of a specialized algorithm that supports AI (Artificial Intelligence) systems, enabling the constant improvement of critical KPIs related to digital marketing, such as CPA, CPC, etc. Generation Y drives developments based on real market needs, and that is why it has such a wide and long-range clientele in many different sectors, such as heavy industry, technology, FMCG, retail, publications, hospitality, marine, health industry, etc. Firmly, the company runs on equity and
Always remembering how it started, by only 2 people, 20 years ago, the company stays client-oriented, caring to helping businesses wishing to get into the “game” of digital transformation. This solid philosophy is the driver behind a team of experts, who continue to take into consideration their client-partners, society, and people at every step, always measuring how their work affects them. This highly anthropocentric system became clearly evident during the Covid-19 pandemic, as the company stood firmly by
its clients, helping them online not only to survive in these adverse conditions but to further grow and increase their profitability. If there was a single sentence to describe Generation Y, it would simply be: “business growth hackers that take on the task of growing a business by studying its specific goals and methodically moving towards them.” No matter what the organization or entrepreneur wants to achieve, be it revenue or net profit increase, exports, social proof...whatever the goal, whatever the challenge, Generation Y can become the vehicle for them to succeed through digital transformation.
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zero loans. In 2019, the Group posted total turnover of 65 million euros.
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DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
Industrial
Serwood
Serwood: Turning wood constructions into art
Contact details Factory 1 km Kalivion-Markopoulou Ave., Kalivia Thorikou 19010, Greece Tel.: +30 22990 24830 Fax: +30 2299 0 24831 Email: info@serwood.gr Website: www.serwood.gr Showroom 34 km Athens-Souniou Ave. Agia Marina Koropi, 19400, Greece Phone: 2291 0 91617 Fax: 2291 0 90483
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Serwood was established in 1970 and trades in wooden structures. State-of-theart equipment consisting of C&N machines is housed in 10,000sqm, where structures are carefully designed and constructed in detail and then taken apart and transferred to the building site where they are fitted with precision, speed and no mess or inconvenience caused to our clients. This procedure ensures the high quality of our constructions and the minimization of problems caused by unpredictable and unfavorable weather conditions. We use the new, revolutionary method of assembling pieces of woods with KNAPP fasteners, which allow the assembly and dismantling of a structure with no damage caused to the material whatsoever. In order to achieve the high-quality standards and accuracy required for Serwood constructions, we make provision for the appropriate conditions, the necessary equipment and the skilled staff. In Serwood we are particularly rigorous and fiddly with our constructions and this is the
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reason why our work involves a long process, from wood processing to structure fitting at our customers’ houses. Our customers are welcome to monitor the construction process from start to finish. No structure leaves our premises without having gone through the required quality check. Due to our strict quality requirements and high standards, we achieve the perfect fitting and minimum inconvenience for our clients. ROOF ENERGY HOUSES Energy efficient houses are the ones which are designed and built in accordance with the new Housing Efficiency Regulations. Our continuously developing company finds new, innovative ways of providing our clients with the best possible solutions. Thus, we have become the only company that can convert a house into an energy efficient one with the use of a specially patented thermal insulation material. The high level of thermal insulation pro-
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tects houses against dampness and temperature fluctuations, guaranteeing an infinite lifespan for the buildings. We provide our clients with energy efficient class A+ roofs which ensure 70% lower energy consumption. The conversion or construction cost of an energy efficient roof is lower compared to that of a conventional house, and at the same time its running costs are lower in the long term. An energy efficient roof is 100% thermally insulated without any ruptures. This is achieved by applying on the whole surface of the wooden roof a specially patented 7-cm thick thermal insulation material. This means that we do not place wooden beams on the roof so there are no ruptures on the insulation and as a result there is no heat loss. This way, a roof is converted into an energy efficient one with unruptured thermal insulation and as much as 70% saving in heating costs. This material is specially patented and attested by the European Union.
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“Eπιχειρηματίας της χρονιάς” στα Diamonds
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149 / ΜΑΡΤΙΟΣ 2019
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Υπουργός Περιβάλλοντος & Ενέργειας
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μετασχηματίζεται ραγδαία 1 ο ενεργειακός τομέας στην ελλάδα newtimes
DIAMONDS
of the Greek Economy AWARDS 2018
Έλαμψαν για μία ακόμη χρονιά τα «διαμάντια» της ελληνικής οικονομίας
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www.timetv.gr I 291 I
DIAMONDS OF THE GREEK ECONOMY
2020
DISTINGUISHED COMPANIES
Commercial
LITE LIME SA
Offering high quality commercial services
LITELIME SA is a strategic development and commercial management company, operating in the Greek market and abroad, in the FMCG’s sector. An integrated system of Commercial Services is offered to collaborators, customers and suppliers, comprising Business Strategy, Sales, Merchandising, Marketing, 360 Communication and Logistics. Important factors in its success are the Company’s well-organized distribution network throughout Greece, long experience and deep knowledge of the market and environment in which it operates, and strong infrastructure in people, facilities and equipment. LITELIME SA offers its partners a variety of high quality services. The company’s main concern is to further enhance the range of products produced and/or represent them in the market - through strong brands - always based on the needs of consumers, through partnerships and/or acquisitions. The main body of the company’s activities so far, is our own production of Greek vinegar. Thus, we can support any kind of Private Label production. The Brands we represent are: “To Metoxi” - vinegar products, Officina Trasformazione Italia s.r.l. - “Turci” products, Papayiannis Bros - “Olympos” products and Arakynthos sa - “Eriki” and “Arakynthos” premium cheese products.
Contact details 7-9 Anagenniseos St., Nea Filadelfia 143 42 Greece Τ +30 210 2712101 (4 lines) Email : contact@litelime.com
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DISTINGUISHED COMPANIES
APPAREL Commercial
DUR SA
6 decades of stylish… history!
Theodoros Douros, Managing Director
Contact details 80 Marangopoulou St., 26331 Patra, Greece Tel.: +30 2610 224113 Fax: +30 2610 226283 Website: http://www.dur.gr
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Douros SA is a purely Greek menswear company with a tradition of over half a century, based in Patra and publicly traded since August 2000. It has a wide network of 30 retail stores throughout Greece under the Dur sign, including several shop-in-shop outlets, while it is supported by an equally strong wholesale network. The company employs a direct and indirect staff of 80, actively contributing to strengthening the Greek economy and reducing unemployment. Aside from its domestic business, Dur exports to Middle East, Lebanon, Albania, Cyprus, Czech Republic and Bulgaria. Douros SA, has successfully completed some restructuring moves mainly on operational level, and has stabilized its sales, implementing its further growth plans to create new points of sale. Recently, the company opened its store in Stoa Nikoloudi in the center of Athens, a few months after the opening of two new stores, in Nea Ionia and in the center of Athens on Kriezotou Street, which are part of the wider development of the DUR network in Attica region. The firm’s modern and up-to-date e-shop, enables consumers to buy high quality clothing saving time and enjoying the available offers. Moreover, the firm continues successfully its integrated business while implementing its “offer” system throughout the year, to attract even more consumers, expecting an increase in sales. Douros’s philosophy is focused on the Greek consumer who, irrespective of age, wants to stand out in a casual but elaborate outfit. The firm’s goal is to maintain a long-term relationship of loyalty, always re- sponding to the desire to combine their outfit with a brandname, design and quality at the best price. The Douros family, beyond their business mission, also have a strong presence in the cultural, social and sports events in Greece and particularly in the city of Patras. COMPANY HIGHLIGHTS ● T he idea of the DUR brand started 60 years ago, when founder Nikos Douros began commercial and production activity in cotton garments. ● In 1971, the company acquired the corporate form it has today. ● I n the 1970s, the firm developed a very remarkable export potential. ● T he position of the company further strengthened in foreign markets in the 90s, taking part in major international garment fairs like SEHM Paris (Salon International de l‘Habillement Masculin), the Koeln- messe Germany and the Pitti Uomo Italy. ● I n the 1990s, the specialist retail chain was created under the name Dur Escape Land. It has been a particularly successful move since it was made without affecting the DUR brand wholesale network. ● E normous investments were facilitated by the company’s listing on the Athens Stock Exchange in August 2000, raising 7.63 million euros. As a result, Douros SA managed to strengthen even more its foundations as it reduced short-term debt and further fortified is own retail network. ● T he second generation of the company, led by Theodore Douros as CEO, assumed the management of the firm and revived it through ambitious growth plans.
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DIAMONDS
OF THE GREEK ECONOMY 2020
Responsible entrepreneurship for society and man
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COVID-19
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2020
COVID-19
The companies that lent a hand in the fight against the pandemic Every day new companies are added to the list of those supporting through donations the effort to fight the Covid-19 pandemic in Greece
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large number of companies from various sectors of the economy, and many charities and social benefit foundations and organizations contributed to the fight against the Covid-19 pandemic, hitting Greece and the entire world. From private health and the food industry to energy and shipping, the response has been great and the solidarity practical, either in the form of funding for medical supplies/equipment or in the form of discounts and offers to consumers. On the one hand, this contribution helped bolstering the public health system with medical equipment and supplies, such as masks and uniforms, in the tough fight against the new coronavirus. On the other hand, citizens who have been hit hard by the crisis, are being provided with a number of relief measures, partly alleviating the financial burden they are facing. The Athens News Agency - Macedonian Press Agency (ANA-MPA) embarked on an effort to document the way in which the private sector assisted the state and the community in the struggle to curb the spread of the pandemic in Greece. While donations and offers by businesses are still being made, this report covers those made by April 4, 2020. The list of companies in the ANA-MPA report should be complemented with a multitude of private companies, which proved their sensitivity to social needs. Such companies include Greek pharmaceutical companies,
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such as Uni-pharma, subsidiaries of multinational companies such as Novartis, supermarket chains such as Sklavenitis, and many more. The list of companies, organizations and institutions is large, and here is just some of them: PPC, Hellenic Petroleum, Motor Oil, ADMIE, Mytilinaios, ELPEDISON, HERON, NRG, Zenith, Volton, Nova Energy, GEK Terna, Paul & Alexandra Canellopoulos Foundation, Theodoros and Gianna Angelopoulos, John S. Latsis Public Benefit Foundation, Athens Medical Group, Euroclinic, Hellenic Healthcare Group, Interamerican, OTE Group, Intracom, Intrakat, Stoiximan, Prodea Investments, Lamda Development, Avax, Papastratos, Karelia, Thrace Plastics, Kleeman, Hercules, Athens Brewery, Green Cola, Vikos, Lulis Mills, Melissa Kikizas, Olympus Greek Dairies, Yiotis, Mevgal, Kri-Kri, Ipeiros, Sarakakis Group, TUV Hellas, Fourlis, ACEO, Everest, Nestlé Hellas, AB Vasilopoulos, Lidl Hellas, Kotsovolos, many Greek shipowners, etc. Greek shipowners supporting hospitals Through donations by its members, the Union of Greek Shipowners (UGS) collected funds of more than €10 million (up to March 30, 2020), used to support hospitals with medical equipment for the fight against the pandemic. The UGS continues its efforts to provide as much assistance as possible to address the unprecedented circumstances, and
University Laboratories in Attica and Thessaloniki. Through co-funding by the two bodies in 2019, the following donations were made: ■ Thessaloniki Anti-Cancer Hospital “Theageneio” - Upgrade of ICU equipment. ■ General Hospital of Kavala Procurement of medical equipment for the Artificial Kidney Unit. ■ Xanthi General Hospital - Supply of medical equipment for the Artificial Kidney Unit. ■ General Hospital of Ioannina “G. Hadjikostas” - Procurement of medical technology equipment for the Intensive Care Unit. ■ Lassithi General Hospital (Agios Nikolaos Unit) - Procurement of medical equipment for the Blood Donation Service.
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has so far provided its support through its collective social service provider, SYNENOSIS. Items donated by the UGS for the needs of Intensive Care Units include 335 ICU respirators, 20 portable respirators, 100 vital organ monitoring devices, 100 hospital beds for Intensive Care Units and considerable quantities of disposables. At the same time, Greek shipowners decided to help support the important work done by the Greek Police and Coast Guard during this critical period for the defense of public health, through various actions, such as donating various types of vehicles and some vessel repair work. They also donated personal protection disposables. Following a joint decision by the Latsis Public Benefit Foundation and SYNENOSIS, which in recent years have been co-funding the program “Collaborating for Health,” this year’s funding will be donated for the purchase of 20,000 coronavirus diagnostic tests for the needs of the
More than 120 members of the shipping community responded immediately
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2020
COVID-19
to the initiative taken by the Union of Greek Shipowners for economic aid to support the National Health System. Those members include: Georgios and Panagiotis Angelopoulos, Tzinis Andrianopoulos, Vardinogiannis family, Stamatis Vellis, Veniamis family, George Giouroukos, Alekos Goulandris family, Epamineondas G.E. Empirikou, Angelos Efstathiou family, Ioannis Koilakos, Ioannis Koumantaros, Captain Vassilis & Carmen Constantopoulou Foundation, Nikolas Laimos family, Athanasios Laskaridis, Michael K. Lemos, Georgios S. Livanos family, Athanasios Martinos, Andreas Martinos, Konstantinos Martinos, Markos Nomikos, Georgios Oikonomou, Symeon Palios, Konstantinos Peratikos, Spyridon S. Polemis, Dimitris Prokopiou, Angeliki Frangou, Fostiropoulos family, Michael and Ioannis Chandris, Poly and Nikos V. Chatziioannou, as well as the companies Euronav Shipmanagement (Hellas) LTD and Hellenic War Risks. In a written statement, the president of the Union of Greek Shipowners, Mr. Theodoros Veniamis, said: “I would like to thank from the bottom of my heart all members of
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our maritime family who passionately embraced the initiative of the Union of Greek Shipowners, and through their immediate response enabled our shipping community to stand by the community and our fellow citizens, while remaining committed to the timeless humanitarian values of social solidarity and offering aid. I wish and hope that our country and our society will be the winner in this tough war with the insidious enemy of the pandemic, and with the least possible human losses.” Responding to the severe and unprecedented challenges posed by the Covid-19 pandemic, Stavros Niarchos Foundation (SNF) announced the creation of an International Action Initiative for Covid-19, totaling $100 million, to address the consequences of the pandemic. The donations focus on food and basic necessities, psychological support for people affected by the pandemic, financial support to artists, doctors, nurses, and cleaning staff at the forefront of the pandemic. As part of this action, the SNF is offering $8.1 million (€7.5 million) to support the heart of the national health system, in particular the staff of hospitals where patients are being treated for Covid-19. In recognition of the
›››››› significant efforts of the front-line heroes in the fight against the pandemic, the SNF offers an honorary allowance (valued at €7.5 million) to about 5,000 nurses, doctors and cleaning staff working in the ICUs of Covid-19 reference hospitals and clinics. In addition, with a donation of more than $17.8 million (€16.4 million), the SNF will support the renovation of 19 hospitals in Greece in order to add a total of 177 ICU beds and 46 enhanced care beds, as well as to implement an educational program for ICU staff. Specifically, the ISN will fund a comprehensive training program for all ICU physicians and nurses, for 5 years. After that period, the program will be run by Greek State funding. Finally, in close cooperation with the Greek State, the SNF is donating more than $4 million (€3.74) to help bolster Health Institutions in conducting mass tests to diagnose Covid-19. The John S. Latsis Public Benefit Foundation donated medical and technological equipment to the Intensive Care Unit of the First University Pulmonary Clinic of the “Sotiria” General Hospital of Thoracic Diseases of Athens, to facilitate the operation of two additional ICU clinics. The Foundation also announced
a donation to the “Thriasio” General Hospital of Elefsina, a Covid-19 reference hospital, comprising modern medical equipment in the Emergency Department (TEP), and the Intensive Care Unit of Latsio Burn Center, which is an integral part of the hospital. The Foundation also actively supports the National Health System and the Greek society in a spirit of solidarity, through a very timely and targeted donation to the National Blood Donation Center (EKEA). The donation is part of a National Health System upgrade program aimed at enhancing the readiness and timely treatment of emergencies, of a total cost of €5.0 million. The specific donation was designed and implemented by the Foundation in memory of those who lost their lives in the catastrophic 2018 fires. This donation, of a total budget of €310,000, concerns the following: 1. Procurement of required equipment for the operation of EKEA’s Fixed Blood Collection Room of West Attica, in Egaleo. Lately, the role of the fixed room has been upgraded, as its operation is especially important for the maintenance of blood stocks in the midst of the Covid-19 pandemic. At the
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2020
COVID-19
same time, equipment has already been delivered for the second (out of a total of four) fixed blood collection rooms that are planned to be developed gradually in Attica. The specific one is located in the courtyard of the “ELPIS” hospital. 2. P rocurement of four fully-equipped vans to be used as mobile blood collection units. Discounts and offers by energy market companies During the period of the health crisis, the majority of companies operating in the country’s energy market (both public and private sectors), offered their customers several discounts and offers. They also made significant donations to the country’s health system, in both cash and equipment. The pandemic has had a mobilizing effect on energy companies, which are putting in efforts, first, to support their customers and, second, to curb the wave of bills in arrears that has swollen again in recent weeks. Offers to customers made by energy companies are grouped as follows: PPC: From March 26, 2020 and for the following three months, the Company offers: ■W aiving the fixed charge for all lowvoltage customers. ■8 % discount to vulnerable customers of category B & C (elderly aged 70 or over, people in mechanical support, who are not included in the CTO). Vulnerable customers - beneficiaries of the Social Household Tariff continue to be priced with special preferential tariffs and large discounts. ■A 5-euro discount for all e-bill customers, old and new. ■8 % discount for households and lowvoltage businesses with a consumption of more than 2,000 KWh, so that they do not have to pay extra for the homeisolation time. In addition, the company decided to donate more than €5 million to cover
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various needs in masks, protective uniforms, glasses and other disposables. In this context, it purchased 1.5 million masks (FPP2Q and FPP3Q), 75,000 protective uniforms (TYVEC 800 Series Q and TYVEC 600 Series Q), and 50,000 protective glasses. HELLENIC PETROLEUM: The company has donated millions of euros for the procurement of medical equipment, supplies and covering other expenses related to dealing with the pandemic crisis. In this context, the firm commissioned and imported from USA two molecular diagnosis machines for coronavirus tests, as well as a significant number of special reagents to meet urgent hospital needs. In addition, it paid for specialized laboratory equipment at the Attikon Hospital University Respiratory Clinic, for the study and treatment of coronavirus effects on the respiratory system. In a joint initiative, Hellenic Petroleum and Aegean will cover the cost of flights carrying medical supplies or other necessary materials and equipment from Far East/China or any other place. Motor Oil: The company donated 50 hightech respirators to equip new beds in the Intensive Care Units of hospitals. ADMIE: The firm paid for the procurement of equipment (ICU and transport respirators, radiological equipment, volumetric infusion pumps with their disposables and prefabricated isoboxes), to be donated to: “Sotiria” Hospital, University Hospital of Patras, Heraklion University Hospital, and General Hospital of Chania. In addition, ADMIE’s strategic partner, State Grid, made an additional donation of 500,000 protective masks to the Ministry of Health. Mytilineos: Following a communication with the Ministry of Health, the firm donated 65 special respirators for use in intensive care units. Elpedison: The firm offered its household customers a 5% discount on the cost of power for at least one month. In addition, it donated technological equipment and
Household Tariff and vulnerable groups, and a €5 credit for activation of its e-bill service. ZeniΘ: The firm in April offered a waiver of fixed charges in monthly electricity bills, as well as and a 5% discount on gas charges. In addition, the company made a donation of personal protective equipment for medical and nursing staff at the hospitals AHEPA and Ippokrateio, in Thessaloniki, to meet the increased needs for one month (three types of masks and hand antiseptics). Volton: The company offered a 5% discount on electricity bills to all residential and business customers for at least one month. It also offered an additional 5-euro discount or credit to customers signing up with its e-bill service. With regard to customers who fall under the vulnerable group category, the company applies a suspension of power disconnections for three months, also providing flexible payment arrangements for up to 8 months. Finally, the company
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disposables to several hospitals in Attica and Thessaloniki, based on their needs. Aegean Oil: The company supports the huge effort made by the National Health System, with a sponsorship of fuel to a total value of 300,000 euros. According to an announcement, the fuel will be available through the Aegean gas stations network, to meet the needs of vehicles used in the battle against the pandemic. Heron: The company waived VAT charges on electricity bills for April, and offered an additional 12-euro discount and free home insurance, upon registration by new or existing customers with its e-bill service. In addition, the firm donated to Evangelismos Hospital necessary essential disposables, such as clothing, masks, antiseptics, etc., for the protection of the hospital’s medical and nursing staff. NRG: For the month of April, the firm offered additional discounts of 5% in power bills, 5% in natural gas bills, a 10% discount to beneficiaries of the Social
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2020
COVID-19
1. Mrs. Gianna Angelopoulos-Daskalaki and Mr. Theodoros Angelopoulos 2. Mr. Dimitris Melissanidis, of the Aegean Oil Group 3. Mr. Evangelos Mytilineos
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donated 10 ultramodern ICU beds to the Ministry of Health. Nova Energy: The firm offered a 5% discount on energy and fixed charges for April to all Nova Energy home customers. In addition, home customers of energy services falling under the vulnerable group category are offered the option of flexible payment settlement (up to 8 months), and the suspension of power disconnections that will apply to Nova Energy services until June 30. GEK Terna & Terna Energy: The two groups have provided equipment for the operation of eight (8) ICU beds at the “Attikon” Hospital. They also donated uniforms, masks, antiseptics and other disposable supplies to the “Evangelismos” Hospital. Several respirators, medical equipment, supplies and special isoboxes used as first reception areas of possible cases, were donated to regional hospitals in Ioannina, Serres and Ptolemaida. Terna SA, a member of GEK Terna Group, repatriated from Cyprus about 400 people working in projects of its subsidiaries, following a Cyprus govt. decision to halt work in construction sites in the country. Business donations in support of the health sector The health sector in Greece has received
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growing support from businesses and organizations. Every day new companies are added to the list of those who through their donations support the effort to contain the spread of the coronavirus in Greece, offering help to critical sectors. At this difficult time, companies continued their responsible operation for people and the community. In this context, they daily witness the strenuous efforts made by people serving the public health sector, hospitals, laboratories, as well as in the streets of towns and villages in every corner of Greece. They stand by them through actions of collective responsibility in the battle against Covid-19. Paul and Alexandra Kanellopoulos Foundation made a donation of €1.0 million to provide support during this critical period for the country, with augmented needs for additional medical equipment. The funds donated by the Foundation, following coordination and cooperation with the Ministry of Health, were allocated to the Institute for Pharmaceutical Research and Technology (IFET), for the procurement of necessary equipment in hospitals and other public health facilities. Theodoros and Gianna Angelopoulos family made a donation of €1.0 million for the immediate procurement of additional
ΟΜΙΛΟΣ ΕΤΑΙΡΕΙΩΝ
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medical equipment for hospitals and public health facilities. The donation was handed to Health Minister Vassilis Kikilias, and was allocated to the Institute for Pharmaceutical Research and Technology (IFET) for the procurement of necessary equipment. Recognizing the critical circumstances and the need for practical solidarity during the pandemic, Bodossaki Foundation made a series of donations to be used for protecting and enhancing public health. Specifically, the Foundation: ■ Paid for the cost of disinfection projects in public areas (roads, squares, footpaths, bus stations, etc.) across the Athens Municipality during two critical weeks in March. ■ Contributed to disinfection projects in the Thessaloniki Municipality, donating funds for the procurement of related equipment and supplies. ■ Donated two portable respirators, compatible with EKAB specifications, to the Bodossaki General Hospital of Ptolemaida. ■ Donated funds to the Meropeio Charitable Foundation, for the purchase of medical supplies for use by its staff (masks, antiseptics, etc.). In addition to its own resources and
initiatives to support the efforts to deal with the pandemic, the Bodossaki Foundation also joined forces with several other companies and institutions with the aim of maximizing their social contribution. In this context, the Foundation with the support of The CocaCola Foundation, Coca-Cola Hellas and Coca-Cola HBC, supported the National Health System through a donation for the creation of three new, fully-equipped ICUs. They also donated reagents for 12,000 coronavirus tests. In addition, they supported the “Help at Home plus” program of the Municipality of Athens, helping to meet the needs of thousands of vulnerable fellow human beings, through the supply and home delivery of necessary goods, as well as the provision of psychological support by Municipality of Athens social workers. Support for the “Help at Home plus” program also came through a cooperation between the Bodossaki Foundation and the company Accenture, which organized a crowdfunding campaign for its employees and their networks. Athens Medical Group gave the Ministry of Health free access to use one of its
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GROUP OF COMPANIES
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2020
COVID-19
five hospital units in Athens, the Peristeri Medical Center, to be of service to the National Health System. The aim of the offer was to contribute to freeing up beds in Covid-19 reference hospitals. The cost of the offer is valued at €3 million. Euroclinic announced that it offers to the National Health System the following: two more ICU beds, in addition to the eight (8) it has already donated, i.e. totaling 10 ICU beds; an entire hospital wing, fully staffed, with 20 beds for non-Covid-19 incidents, thus contributing to the relief of reference hospitals for as long as the crisis lasts; and, an Emergency Department for all noncommunicable diseases. Interamerican took initiatives to support the national health system, in close communication and cooperation with the Ministry of Health to better ascertain needs. Specifically, Interamerican donated seven (7) special ICU beds (Hill-Rom 900 Accela), with balance and special air mattresses. In addition, in collaboration with Philips, the firm offered five (5) complete solutions for portable teleultrasound Lumify, Philips, together with tablet computers, for cardiological and pulmonary examinations. Uni-Pharma, a member of Tsetis Pharmaceuticals Group (OFET), donated 24 million doses of Unikinon (chloroquine) to the Greek State, and another 60,000 doses to Cyprus. Another donation to the country’s healthcare system by the Group related to antiseptics: the Group’s management handed over to the Ministry of Health (after receiving a free alcohol delivery by the Ministry of Development) more than 14,000 liters of antiseptic free of charge, complying with WHO specifications for hospital use. The antiseptic was produced at the industrial facilities of Group company InterMed. Hellenic Healthcare Group supported
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the national health system by making available for use by the state 50 beds at its “Ygeia” Hospital and another 50 beds at its “Metropolitan” Hospital for non-Covid-19 patients. OTE Group, on the basis of needs determined by the Ministry of Health, donated €2 million to be used for respirators, ICU beds and other medical equipment for Greek hospitals. Specifically, the group has already delivered 25 respirators, valued at €255,000, while efforts continue for even more respirators and ICU beds. At the same time, it will proceed with the purchase of other medical equipment, based on hospital needs. Also, cosmoONE offered a free three-month subscription of its electronic tendering service, sourceONE, to all public and private hospitals, as well as to local and municipal authorities across Greece. Cosmote is also supporting customers through a series of offers aimed at facilitating communication, work and entertainment. Cosmote TV offered various Cosmote History HD programs and documentaries, free for everyone, through its official channel on YouTube. Intracom Group, in its contribution to the National Health System, donated 50 pressure respirators to the Ministry of Health, for immediate hospital needs. Intrakat, a member of Intracom Group, donated eight (8) mobile health units to an equal number of Covid-19 reference hospitals. The firm also donated medical equipment and supplies to the General Hospital of Serres and the Thriasio General Hospital of Elefsina. Pfizer Hellas, following some major donations to the National Health System for ICU equipment and medical supplies, implemented a number of additional actions to support patients and vulnerable
to provide basic necessities to people from vulnerable groups, such as the homeless and users of psychoactive substances in Athens. Beiersdorf Hellas opted for a donation of €45,000 in cash, handed to the Ministry of Health to be used for medical supplies for the care of coronavirus patients. However, the firm’s overall donations so far, including medical supplies to health professionals and vulnerable groups during the health crisis, topped €300,000. GENEPHARM SA, as part of the support offered by the Panhellenic Union of Pharmaceutical Industries (PEF) to Greece’s National Health System, made a donation of four (4) ICU beds to help deal with the increased needs as a result of the Covid-19 pandemic. The company maintained its continuous production process in all units of its plant in order to ensure an
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groups. These actions are implemented in collaboration with Patient Associations and aim at protecting, empowering and supporting patients themselves and their families against the effects of the pandemic. Specifically, Pfizer Hellas supports the Hellenic Patients’ Association for the implementation of the project “Together against the crisis”, with the aim of developing and implementing information activities for chronic patients and vulnerable groups on the Covid-19 pandemic. At the same time, the company supports the Association of Cancer Volunteers Friends of Doctors (Syllogos KEFI Athinon) for the implementation of online seminars related to management of the effects of the pandemic. Pfizer Hellas also supports the “Prometheus” Association of Liver Patients. Finally, the firm financially supports the holding of a prevention and information program in 10 penitentiaries across the country, as well as special action
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2020
COVID-19
1. Mrs. Angeliki Frangou, of the shipping company Navios Maritime Holdings 2. Mr. Theodoros Fessas, of the Info Quest Group 3. Mr. Christos Harpantidis, Chairman and Managing Director, Papastratos Tobacco Industry
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uninterrupted supply of the market, while observing all health and safety standards for its staff. Menarini Hellas donated the sum of €100,000 for the coverage of the National Health System immediate needs. The donated amount was allocated for the supply of medical equipment for Athens and Thessaloniki public hospitals. The company also made direct donations to reference hospitals, paying an additional €100,000 to meet their emergency needs. HSBC made a number of donations to cover health needs in Greece and support vulnerable groups across the country, as their living conditions deteriorated due to the Covid-19 pandemic. The Group announced a major global donation totaling $25 million, to assist the fight against Covid-19. As part of its activities, HSBC donated more than €9,000 to a new Covid-19 Infection Clinic at “Sotiria” Hospital, for the procurement and installation of technological equipment for telemedicine applications (PCs, wireless cameras, tablets, etc.). The use of telemedicine will significantly reduce physicians’ frequent visits to patients’ wards, resulting in saving valuable individual protection items and increased
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protection of medical and nursing staff. In addition, HSBC is financing a series of actions, valued at €23,000, undertaken by the Greek Red Cross, an organization with extensive experience in supporting migrants in Greece and the Greek population in times of crisis. Also, the Bank continued to support organizations with which it cooperates during this difficult period: A donation of €15,000 was made to the charitable nonprofit organization “Ark of the World” for the purchase of equipment that will help the process of tele-education of 220 children living in host houses, and the education and entertainment program of the children of the Ark. Another donation of €6,000 for three months was made to meet the operating costs of the ARCHELON Sea Turtle Rescue Center, in Glyfada. Stoiximan donated funds for the procurement and supply of 250,000 surgical masks to the Ministry of Health, for the “heroes” fighting the Covid-19 pandemic. The masks arrived in Athens on a flight from Beijing and were delivered to the central warehouse of the Ministry of Health in order to serve the needs of the medical and nursing staff of the National Health System, in their effort to address the major Covid-19 crisis.
Prodea Investments assisted in the fight against Covid-19 by donating 15,000 protective TYVEK uniforms to the Ministry of Health. The purpose of this donation is to be used by the Ministry of Health and its supervised entities in the fight against Covid-19, either in Attica-based and regional reference and other hospitals facing increased needs. In cooperation with the competent authorities, Prodea has taken the necessary steps to make the uniforms available to medical and nursing staff as soon as possible. Lamda Development, together with its three shopping centers, The Mall Athens, Golden Hall in Athens and Mediterranean Cosmos in Thessaloniki, donated a sum of money to the National Health System, to be used for the procurement of medical equipment to meet Athens and Thessaloniki public hospital needs. Quest Group, In collaboration with the Ministry of Health, Quest Group donated a number of latest technology equipment -120 desktop and laptop computers, and 15 all-in-one printers -- to the National Public Health Organization (EODY), to be used in monitoring developments in the fight against the Covid-19 pandemic, as well as in the study of data and the coordination of public health services throughout Greece.
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In Addition, in terms of medical supplies, the Group donated two (2) modern technology respirators and their related disposables to Attikon Hospital’s B’ Pulmonary Clinic. The donations were made through contributions by the Group’s subsidiaries iSquare, Info Quest Technologies, Uni Systems, ACS, Cardlink and Quest Energy, with the strong belief of both the management and staff that the pandemic would be overcome soon and the next day will find all Greeks stronger and ready to deal with the resulting challenges. Quest Group also announced a major donation of modern computer equipment, worth a total of €500,000, to the Ministry of Education and the Ministry of Health. In addition to this donation, the Group provided training and support to schools for the implementation of a pioneering teaching program under the Apple system and tools. Specifically, the Group made available 1,000 iPad computers (4G) to the Ministry of Education for immediate use by primary schools in remote education/ learning during the pandemic. The IPads will later be used in the schools for the introduction of the digital education program. AVAX Group donated ten (10) adult respirators to the National Health System,
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2020
COVID-19
1. Mr. Antonis Papadimitriou, President of the Onassis Foundation 2. Mr. George Stassis, President and CEO, PPC 3. Mr. George Peristeris, President & CEO, GEK TERNA Group
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to cover ICU needs. According to an agreement with the Ministry of Health, nine of the 10 A Plus SV600 respirators will be made available at the discretion of the Ministry to meet the needs of reference hospitals, while one of them will equip the General Hospital of Serres. PAPASTRATOS donated 50 new, hightech respirators for use at ICUs, of which 19 were delivered to “Sotiria” Thoracic Diseases Hospital of Athens, and 31 were delivered to the Ministry of Health. Karelia Tobacco Company Inc., donated to the Ministry of Health 50 state-of-theart, fully-equipped ICU stations, consisting of a special electronic bed, a vital organ monitor and a high-tech electronic respirator. They were delivered to NHS hospitals according to instructions by the Ministry of Health, with the aim of their optimal utilization in areas of the country or in hospital structures that suffer more from lack of adequate medical equipment. Thrace Plastics Group offered the amount of €80,000 for new ICU beds and meeting the needs of the General Hospital of Thrace. Through the donation, the hospital has already been equipped with laryngoscopes, monitors and related
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equipment. KLEEMANN donated 21 modern, electric ICU beds to hospitals around the country. The new beds will be placed in the ICUs of the 13 primary and backup reference hospitals around the country, as well as in hospitals in the prefectures of Thessaloniki and Kilkis. IRAKLIS Group donated a specially constructed ISOBOX to the General Hospital - Health Center of Kymi. The new, specially designed container, already delivered, will enhance safety and hospital readiness to deal with possible cases of Covid-19. The unit was installed outdoors and is intended for the reception and control of patients who may be coronavirus positive. Athenian Brewery donated 100,000 masks to the Ministry of Health for use by the Hellenic National Public Health Organization (EODY) and its staff in the battle against coronavirus transmission in the community. The company remains in contact with the Ministry of Health as it wishes to continue to actively contribute to the efforts being made to curb the spread of the pandemic. Olympic Brewery donated a sum of
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Green Cola donated seven (7) vital organ monitors (blood pressure monitor, pulse oximeter, electrocardiograph, thermometer), following a direct communication between the company’s management and the General University Hospital of Evros, to cover urgent needs and ensure the hospital’s smooth operation and better provision of health services. Vikos made a donation to renovate the Paediatric Department at the “G. Hatzikosta” General Hospital of Ioannina. The project includes both infrastructure and medical equipment, required by the hospital to continue to provide high-level healthcare services. At the same time, wishing to support the superhuman efforts made by doctors, nurses and medical personnel, as well as ICU patients, the company
offered certain quantities of its products, Natural Mineral Water and Natural Mineral Refreshments, to reference hospitals. Vikos directly contacted the country’s 13 reference hospitals, in order to confirm the need for these products and ensure that their offer will contribute substantially to the daily struggle against Covid-19. Loulis Mills made a number of targeted donations, of a substantial value, to help support the National Health System. Specifically, donations were used to upgrade an ICU at the “Achillopouleio” General Hospital of Volos, including several related devices. In addition, the firm donated 30 ICU Bedside Monitors and two respirators to the Ministry of Health. Melissa Kikizas Food Products SA, made a donation to the National Health System, comprising 50,000 surgical masks, 200,000 gloves, 2,000 bottles (500 ml) of antiseptic, 2,000 full-body protective suits (TYVEC), and 3,000 medical overshoes.
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money to be used for covering needs in Athens and Thessaloniki public hospitals offering treatment to coronavirus patients. The amount of the donation will be used by state authorities for the purchase of medical equipment, sanitary supplies and other necessary items, taking into account the current needs of the National Health System.
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Olympus Hellenic Dairies made a donation to enhance ICU capacity by 60% in hospitals located in close proximity to its production facilities in Larissa, Trikala and Xanthi. For this purpose, a total of twenty (20) fully equipped Intensive Care Units
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2020
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(ICU) will be delivered to the University Hospital of Larissa (6), the General Hospital of Trikala (6), the General Hospital of Larissa (5), and the General Hospital of Xanthi (3). To further support hard-working medical and nursing staff, the company offered to cover the needs of the reference hospital (University of Hospital Larissa) in dairy products. At the same time, it offered 6,000 protective masks to the hospital of Trikala and the reference hospital of the University Hospital of Larissa.
as well as Honda and Mitsubishi passenger cars and Honda motorcycles for use by mobile Covid-19 sampling staff throughout Greece, a move aimed at minimizing travelling by citizens to Health centers.
JOTIS announced a donation to the Ministry of Health of 20 modern respirators to equip Intensive Care Units in hospitals around Greece, supporting the daunting task of health authorities in tackling the Covid-19 pandemic.
Fourlis Group, as part of the social responsibility strategy of its companies - House Market (IKEA), Intersport, Trade Logistics and Fourlis Holdings donated IKEA products to the Medical Institution of the Military Shareholder Fund (NIMTS) to support the hospital in covering urgent needs.
MEVGAL made a donation of laboratory equipment to the Microbiology Lab of the Medical Department of the Aristotle University of Thessaloniki. The specific department operates a reference laboratory for coronavirus, which has undertaken the demanding task of testing samples for possible cases of Covid-19 throughout Northern Greece. KRI KRI Greek dairy industry made a donation aimed at supporting the operation of the General Hospital of Serres by providing necessary medical equipment. The firm also announced a daily offer of yogurt to all hospital staff. EPIROS Food & Beverage donated the required electronic monitoring equipment for 24 ICU beds for NHS hospitals, comprising 24 vital organ monitors and 3 real-time central monitoring units, each of which covers eight (8) beds. Saracakis Group of Companies announced that it placed at the disposal of the State a number of vehicles in order to facilitate the work of authorities. Specifically, the firm made available several buses and trucks,
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TÜV HellaS (TÜV Nord) donated medical masks and electrocardiographs to the ICU at the “Sotiria” Hospital, Athens. The grant includes 200 medical oxygen, PVC-free masks with special filters, as well as two GE Mac 2000 electrocardiographs.
The Association of Chief Executive Officers donated 5,000 masks to the country’s hospitals. The masks have already been delivered to the Ministry of Health. efood donated a sum of €250,000 in order to contribute substantially to the fight against the Covid-19 pandemic. The funds will be allocated for the procurement of hospital equipment for Intensive Care Units at reference hospitals throughout Greece (vital organ monitors, medication infusion pumps, hospital respirators, oximeters, etc.), as well as for meals to be offered to struggling hospital staff. Everest, a member of Vivartia Group, as of March 19 offered daily to doctors, nurses and all public hospital staff free coffee or freshly squeezed orange juice, at any time of the day, as a small gesture of practical support to the remarkable cause they have been called upon to accomplish. Nestlé Hellas announced a donation for the procurement of medical equipment for the Ahepa University General Hospital
to cover the urgent needs of the country’s National Health System. According to the company, the specific donation is added to a series of initiatives as part of its corporate responsibility strategy. In addition, the firm donated 50,000 masks to the Attica Regional Authority.
AB Vassilopoulos supermarket chain donated to the Ministry of Health a package of latest generation equipment for the comprehensive support of over 30 ICU beds and dozens of patients. With a total cost of €494,000, the equipment incorporates Artificial Intelligence technologies and comprises 30 hightech ICU monitors, 3 central monitoring systems, one new generation portable digital X-ray machines with artificial intelligence, 2 state-of-the-art portable ultrasound scan machines, 10 new generation cardiographs, and related software. Lidl Hellas donated the sum of €100,000
KOTSOVOLOS, as part of a series of actions being taken to enhance support to health authorities and groups affected, donated 200,000 nursing masks and medical gloves to the Ministry of Health and the Attica Region in support of medical and nursing staff, as well as local government staff. At the same time, the firm donated and installed electrical and electronic devices at the new hospitality facilities of the Athens Municipality to care for the homeless and protect their health. In the same spirit, the company responded to a call by the Athens Nursing Home, by providing household equipment to facilitate the daily lives of
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of Thessaloniki, in coordination with the Health Ministry, to cover urgent needs for additional hospital equipment (stretchers for critically ill patients, cardiographs, capnography device, short hospitalization and patient monitors, examination beds for medical offices, computers, air purifiers, etc.).
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1. Mr. Theodoros Veniamis, President of the Union of Greek Shipowners 2. Mr. Odysseas Athanassiou, CEO, LAMDA Development 3. Messrs. Giannis and Michael Chandris
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its occupants. According to a statement, the company continues to work with the authorities for further support. CHITOS SA - ZAGORI Natural Mineral Water actively participated in the collective national effort to support the national health system in addressing the serious Covid-19 crisis, by donating several special Intensive Care Unit beds. Palaplast made a donation to two Thessaloniki hospitals (“G. Papanikolaou” General Hospital and AHEPA University General Hospital) to help meet urgent needs. The company offered a number of ICU equipment, comprising special electronic beds, vital organ monitors and high-tech electronic respirators. Sarantis Group, considering the paramount importance of personal hygiene at this critical period, donated one of its most recognized products, Noxzema, as well as personal hygiene supplies for the annual needs of the Charitable Nonprofit Organization “Ark of the World” and Doctors of the World Greece, to support their valuable work. ISS Facility Services Hellas joined forces with the City of Athens to undertake
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a thorough disinfection program and cleaning projects across Athens, aimed at preventing the spread of Covid-19. The company undertook the daily disinfection of public areas, such as squares, sidewalks and public transport stops, in all seven districts of the Municipality of Athens. Thessaloniki Port Authority SA, recognizing the gravity of the situation and the need to support the NHS, donated medical equipment valued at €300,000 to the AHEPA University General Hospital, a reference hospital for Covid-19. Agrino donated 300 uniforms, 3,000 masks and 2,000 face shields to the Agrinio Hospital, the Hospital of Kastoria and another four hospitals in Greece, in a contribution aimed at expressing the firm’s gratitude to medical and nursing staff for their hard work during these critical circumstances. The company also announced a special allowance to be offered to its own staff for their decisive contribution to the production process under such demanding conditions. Dirfys contributed to the support of the hard work by medical and nursing staff at the General Hospital of Chalkida,
by donating large quantities of its bottled mineral water. ISOMAT donated 10 modern, electric ICU beds and two sophisticated X-Ray transparent stretchers, specially designed for emergencies, in order to directly support the needs of the AHEPA University Hospital of Thessaloniki, in their battle against Covid-19. The donation was processed by the Social Solidarity and Relief Network of the Federation of Industries of Greece (SBE). The Cooperative Bank of Epirus contributed to help meeting the increased needs of several hospitals (“Hatzikosta” General Hospital of Ioannina, the General Hospital of Preveza, the General Hospital of Arta and the Filiaton General Hospital – Health Center), by donating personal protection items, such as gloves, masks and medical uniforms, as well as medical equipment, such as vital organ monitors. In addition to the above initiative, the Bank is in constant contact with local bodies for the planning of actions, within the framework of its responsibilities, to support and protect the local economy and community. Nutricia donated a three-month supply
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of protective uniforms, FFP3 masks, high protection goggles and face shields to the “heroes of the first lines” at “Evangelismos” Hospital, to thank them for their hard work. In addition, the firm offered a free seminar to health scientists, conducted by a specialist psychologist to manage psychological stress during this tough period. The company also delivered free products to vulnerable groups, such as products for oncology patients, infants with allergies, patients with memory problems, as well as free online seminars for pregnant women and parents, conducted by specialists including an infectious disease specialist, psychologist, gynecologist, midwife, and a nutritionist. In a further, on-going donation to public hospitals and NGOs in need, the firm offered special food products for infants, toddlers and special nutrition items, totaling 16 tons in the past two months. Stelios Philanthropic Foundation made a donation in the form of food vouchers to the nursing staff of 25 hospitals in Attica Prefecture (3,000 employees), a move valued at €300.000, in recognition of their contribution to the fight against Covid-19. Olympia Group, founded by
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Mr. Panos Germanos, donated medical and technological equipment valued at €2.0 million, in cooperation with the Education and Health ministries. The donation is being processed through the Group’s member companies: Public - Media Markt and SUNLIGHT. Specifically, Public - Media Markt would deliver a total of 3,230 laptops, tablets, etc., as well as home appliances to (a) public schools located in financially vulnerable areas, (b) six reference hospitals (Sotiria, Evangelismos, Pammakaristos, AHEPA - Thessaloniki, Patras University General Hospital and Heraklion University General Hospital), (c) to the General Children’s Hospital “Pan. & Aglaia Kyriakou,” and (d) to 20 structures for the protection and accommodation of children. SUNLIGHT delivered medical equipment to the General Hospital of Xanthi, “Sismanoglio” Komotini General Hospital and the General Hospital of Kavala. The offer also includes 770 laptops delivered to a total of 364 primary and secondary public schools in the municipalities of Kavala, Xanthi, Topeiros Mykis, Abdera and Komotini. Finally, the firm’s support extends to cover the needs of local agencies in Xanthi and Komotini with technological equipment. In addition, Olympia Group has informed the Ministry of Health of the allocation of €500,000 in order to purchase a COVID-19 detection test. The donation to the ministries of Education and Health is supported by Deloitte and the nonprofit organization Junior Achievement Greece (JA Greece). Part of the donation will support Bodossaki Foundation’s “Digital School for All” Program, which aims at facilitating equal access to modern education. The donation process to the country’s public welfare institutions is taken care of by the nonprofit association DESMOS. Food Bank embarked on an on-going support program aimed at alleviating fellow citizens suffering as a result of the Covid-19 pandemic. Since the early days of the year, the foundation started collecting food supplies through offers by as many
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as 54 companies, amounting to more than 440,000kg of foodstuffs, donated to 148 social structures, institutions and soup kitchens, giving a breath of life and optimism to more than 38,000 people in real need. The country’s Food Industry is participating in this project with ongoing donations of food products, being a remarkable ally to strengthening the efforts of the Food Bank. Food supplies are also donated by ordinary citizens. The protection of medical and nursing staff against Covid-19 is a prerequisite for them to be able to provide their services and continue their superhuman efforts to protect their beneficiaries. With the support of the Insurance Intermediary Associations: POAD, PSAS, PSSAS, SEMA, and EEAE, a donation of 1,800 protection masks, 2,500 gloves and 77 liters of antiseptic was made to meet the needs of six (6) beneficiary bodies of the GIVMED network, totaling 206 beneficiaries and employees in Attica. Donated items were delivered to the following nonprofit organizations: Nosilia Association, the AMKE “Symvalein”, the psychosocial rehabilitation society “Tact Hellas”, social and mental health promotion center “Poreia”, the EPAPSY - Guesthouse “Ariadne” and the Home for Bedridden Elderly. Insurance intermediaries at all levels have been monitoring Covid-19 developments throughout the entire period and took steps in fighting the pandemic in many fields, especially health and the economy. Stancolac did its bit by donating 1,500 disposable protective masks to the Thessaloniki municipality of Kalamaria. To sum it up, it would be an omission not to mention that support to fighting the Covid-19 pandemic also came from many ordinary citizens, who contributed to this unprecedented crisis in many ways: cash, medical supplies or food and basic necessities to alleviate the suffering of the vulnerable groups of the community. They should all be congratulated.
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