Upcoming Dividend • Jul 13
Upcoming dividend of €0.05 per share Eligible shareholders must have bought the stock before 20 July 2026. Payment date: 24 July 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 73%. Within top quartile of Greek dividend payers (4.9%). Higher than average of industry peers (7.0%). New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change). New Risk • Apr 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 23
Full year 2025 earnings released Full year 2025 results: Revenue: €18.6m (down 93% from FY 2024). Net loss: €52.5m (down 344% from profit in FY 2024). New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (6.4% average weekly change). New Risk • Dec 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Greek stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Reported Earnings • Oct 01
First half 2025 earnings released First half 2025 results: Revenue: €49.6m (down 66% from 1H 2024). Net loss: €28.6m (down 226% from profit in 1H 2024). New Risk • Jun 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.5% Last year net profit margin: 22% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (8.5% net profit margin). New Risk • Jun 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.5% Last year net profit margin: 22% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (8.5% net profit margin). Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: €0.062 (vs €0.18 in FY 2023) Full year 2024 results: EPS: €0.062 (down from €0.18 in FY 2023). Revenue: €253.6m (down 12% from FY 2023). Net income: €21.5m (down 65% from FY 2023). Profit margin: 8.5% (down from 22% in FY 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Apr 24
Ellaktor S.A., Annual General Meeting, Jun 26, 2025 Ellaktor S.A., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.40, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 11x in the Construction industry in Greece. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 37% After last week's 37% share price decline to €1.47, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 11x in the Construction industry in Greece. Total returns to shareholders of 138% over the past three years. Upcoming Dividend • Mar 17
Upcoming dividend of €0.85 per share Eligible shareholders must have bought the stock before 24 March 2025. Payment date: 28 March 2025. Trailing yield: 21%. Within top quartile of Greek dividend payers (5.5%). Higher than average of industry peers (3.7%). Annonce • Jan 30
Manetial Limited completed the acquisition of 94.44% stake in Helector S.A. from Ellaktor S.A. (ATSE:ELLAKTOR). Manetial Limited made a bid to acquire 94.44% stake in Helector S.A. from Ellaktor S.A. (ATSE:ELLAKTOR) for approximately €110 million on May 22, 2024. Manetial Limited entered into a Share Purchase Agreement to acquire 94.44% stake in Helector S.A. from Ellaktor S.A. (ATSE:ELLAKTOR) for approximately €110 million on July 3, 2024. A cash consideration of €114.73 million will be paid by Manetial Limited. Acquirer board grant a special permission allowing its subsidiary MANETIAL LIMITED to proceed with the acquisition. As of July 1, 2024, The Board of Directors of Motor Oil (Hellas) Corinth Refineries S.A. granted the special permission which is valid for the next six months for the completion of the transaction and transfer of 185,793 shares consists of 94.44% stake in Helector S.A. Manetial Limited Board having taken into consideration the fairness opinion report conducted by Deloitte Certified Public Accountants S.A. AXIA VENTURES GROUP provided fairness opinion to Ellaktor. Completion of the transaction is subject to approval by the Competition Commission, all necessary legal approvals and licenses, and approval by the General Meeting by the Company's Shareholders which will be held on July 8th, 2024.
The Extraordinary General Meeting held on July 8, 2024 approved the sale of all shares of HELECTOR S.A. held by ELLAKTOR and corresponds to 94.44% of its total paid-up share capital, to MANETIAL LIMITED, in accordance with the terms of the Purchase and Sale Agreement. As on July 17th, 2024, Manetial' shareholders approved the transaction to acquire 94.44% of its total paid-up share capital. As of January 10, 2025, the acquirer Board decided to grant a special permission allowing its subsidiary MANETIAL LIMITED to proceed with the acquisition of 94.44% of the share capital of the company under the legal name HELECTOR S.A. In accordance with the usual terms and conditions in transactions of this nature, as set out in the Share Purchase Agreement (SPA) signed lapsed on January 27, 2025. MOTOR OIL and ELLAKTOR S.A. are related parties, as the former participates with a 23.89% stake in the share capital of the latter, On the special permission of the Board of Directors of the Company for the completion of the above transaction and the transfer of the 185,793 shares issued by HELECTOR S.A. is valid for six months.
Manetial Limited completed the acquisition of 94.44% stake in Helector S.A. from Ellaktor S.A. (ATSE:ELLAKTOR) on January 28, 2025. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €2.34, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 9x in the Construction industry in Greece. Total returns to shareholders of 118% over the past three years. New Risk • Dec 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 4.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (4.6% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 21
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.12. Revenue: €77.0m (down 22% from 3Q 2023). Net income: €41.4m (up 14% from 3Q 2023). Profit margin: 54% (up from 37% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (7.2% average weekly change). Reported Earnings • Sep 13
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €102.7m (up 8.2% from 2Q 2023). Net income: €5.14m (down 52% from 2Q 2023). Profit margin: 5.0% (down from 11% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • Sep 10
Ellaktor S.A. to Report Q2, 2024 Results on Sep 12, 2024 Ellaktor S.A. announced that they will report Q2, 2024 results After-Market on Sep 12, 2024 New Risk • Jul 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Greek stocks, typically moving 6.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.6% average weekly change). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €2.09, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 12x in the Construction industry in Greece. Total returns to shareholders of 100% over the past three years. Upcoming Dividend • Jul 15
Inaugural dividend of €0.50 per share Eligible shareholders must have bought the stock before 22 July 2024. Payment date: 26 July 2024. This is the first dividend for Ellaktor since going public. The average dividend yield among industry peers is 3.7%. Annonce • Jul 04
Manetial Limited completed the acquisition of 94.44% stake in Helector S.A. from Ellaktor S.A. (ATSE:ELLAKTOR). Manetial Limited made a bid to acquire 94.44% stake in Helector S.A. from Ellaktor S.A. (ATSE:ELLAKTOR) for approximately €110 million on May 22, 2024. Manetial Limited entered into a Share Purchase Agreement to acquire 94.44% stake in Helector S.A. from Ellaktor S.A. (ATSE:ELLAKTOR) for approximately €110 million on June 10, 2024. A cash consideration of €114.73 million will be paid by Manetial Limited. Acquirer board grant a special permission allowing its subsidiary MANETIAL LIMITED to proceed with the acquisition. As of July 1, 2024, The Board of Directors of Motor Oil (Hellas) Corinth Refineries S.A. granted the special permission which is valid for the next six months for the completion of the transaction and transfer of 185,793 shares consists of 94.44% stake in Helector S.A. Manetial Limited Board having taken into consideration the fairness opinion report conducted by Deloitte Certified Public Accountants S.A. AXIA VENTURES GROUP provided fairness opinion to Ellaktor.
Manetial Limited completed the acquisition of 94.44% stake in Helector S.A. from Ellaktor S.A. (ATSE:ELLAKTOR) on July 3, 2024. Recent Insider Transactions • Jun 25
CEO & Executive Director recently bought €2.0m worth of stock On the 19th of June, Efthymios Bouloutas bought around 800k shares on-market at roughly €2.47 per share. This transaction increased Efthymios' direct individual holding by 11x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Efthymios' only on-market trade for the last 12 months. Annonce • Jun 13
Manetial Limited entered into a Share Purchase Agreement to acquire 94.44% stake in Helector S.A. from Ellaktor S.A. (ATSE:ELLAKTOR) for approximately €110 million. Manetial Limited entered into a Share Purchase Agreement to acquire 94.44% stake in Helector S.A. from Ellaktor S.A. (ATSE:ELLAKTOR) for approximately €110 million on June 10, 2024. A cash consideration of €114.73 million will be paid by Manetial Limited. Acquirer board grant a special permission allowing its subsidiary MANETIAL LIMITED to proceed with the acquisition. Manetial Limited Board having taken into consideration the fairness opinion report conducted by Deloitte Certified Public Accountants S.A. Reported Earnings • Jun 07
First quarter 2024 earnings released: EPS: €0.069 (vs €0.021 in 1Q 2023) First quarter 2024 results: EPS: €0.069 (up from €0.021 in 1Q 2023). Revenue: €90.0m (down 1.0% from 1Q 2023). Net income: €24.0m (up 231% from 1Q 2023). Profit margin: 27% (up from 8.0% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 22
Full year 2023 earnings released Full year 2023 results: Revenue: €387.5m (down 59% from FY 2022). Net income: €116.0m (up €155.6m from FY 2022). Profit margin: 30% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Annonce • Apr 20
Ellaktor S.A. entered into a binding offer to acquire 38.79% stake in Reds S.A. (ATSE : KAMP) from RB Ellaktor Holding B.V. for approximately €60 million. Ellaktor S.A. entered into a binding offer to acquire 38.79% stake in Reds S.A. (ATSE : KAMP) from RB Ellaktor Holding B.V. for approximately €60 million on April 18, 2024. Ellaktor S.A. to acquire 22,277,743 shares corresponding to 38.79% of the share capital and voting rights of REDS. The total consideration amounts to €60,149,906, or €2.70 per share, which has been confirmed by the valuation exercise and the fairness opinion issued by the independent financial advisor. On the same date, RB Holding has accepted the Offer. The Board of Directors’ also unanimously resolved on the Company purchasing additional shares in REDS through the Athens Exchange market, at the same per share consideration of €2.70, with the aim to acquire shares corresponding to, at least, 95% or greater, of the total number of shares issued by REDS, informing accordingly the authorities. Should a stake greater than 95% be acquired, REDS intends to initiate the process of a voluntary exit from the Athens Exchange, by convening an Extraordinary General Meeting of shareholders to resolve (with a majority vote of 95% of total voting rights) on the delisting of its shares from the main market of the Athens Exchange, following submission of the relevant request to the Hellenic Capital Market Commission. The completion of the transaction is anticipated within three weeks. Euroxx Securities S.A. (ATSE:EX) acted as fairness opinion provider to Ellaktor S.A. New Risk • Mar 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Annonce • Jan 26
Motor Oil Renewable Energy Single Member S.A. acquired remaining 25% stake in Anemos Res Societe Anonyme from Ellaktor S.A. (ATSE:ELLAKTOR) for approximately €120 million. Motor Oil Renewable Energy Single Member S.A. made a binding offer to acquire remaining 25% stake in Anemos Res Societe Anonyme from Ellaktor S.A. (ATSE:ELLAKTOR) for approximately €120 million on December 14, 2023. Specifically, the Board of Directors granted its approval for the conclusion of a share Sale & Purchase Agreement with the company MOTOR OIL RENEWABLE ENERGY SINGLE MEMBER. The completion of the transaction is subject to the granting of the approvals by the corporate bodies of the two parties and the finalization of the sale-purchase agreement (SPA) in relation to the above-mentioned shares. The transaction is subject to the approval of the General Meeting of ELLAKTOR and Motor Oil (Hellas) Corinth Refineries shareholders. As on January 24, 2024, Shareholders of Motor Oil (Hellas) Corinth Refineries approved the transaction.Motor Oil Renewable Energy Single Member S.A. completed the acquisition of remaining 25% stake in Anemos Res Societe Anonyme from Ellaktor S.A. (ATSE:ELLAKTOR) on January 25, 2024. The transaction was completed with the payment to the Company of the total consideration of €123.52 million. Annonce • Dec 20
Motor Oil Renewable Energy Single Member S.A. made a binding offer to acquire remaining 25% stake in Anemos Res Societe Anonyme from Ellaktor S.A. (ATSE:ELLAKTOR) for approximately €120 million. Motor Oil Renewable Energy Single Member S.A. made a binding offer to acquire remaining 25% stake in Anemos Res Societe Anonyme from Ellaktor S.A. (ATSE:ELLAKTOR) for approximately €120 million on December 14, 2023. Specifically, the Board of Directors granted its approval for the conclusion of a share Sale & Purchase Agreement with the company MOTOR OIL RENEWABLE ENERGY SINGLE MEMBER. The completion of the transaction is subject to the granting of the approvals by the corporate bodies of the two parties and the finalization of the sale-purchase agreement (SPA) in relation to the above-mentioned shares. The transaction is subject to the approval of the General Meeting of ELLAKTOR shareholders. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: €0.10 (vs €0.046 loss in 3Q 2022) Third quarter 2023 results: EPS: €0.10 (up from €0.046 loss in 3Q 2022). Revenue: €98.1m (down 59% from 3Q 2022). Net income: €36.2m (up €52.1m from 3Q 2022). Profit margin: 37% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 16
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €94.9m (down 60% from 2Q 2022). Net income: €18.9m (up €21.8m from 2Q 2022). Profit margin: 20% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Aug 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 02
First quarter 2023 earnings released: EPS: €0.038 (vs €0.036 loss in 1Q 2022) First quarter 2023 results: EPS: €0.038 (up from €0.036 loss in 1Q 2022). Revenue: €90.9m (down 52% from 1Q 2022). Net income: €13.2m (up €25.6m from 1Q 2022). Profit margin: 14% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 08
Full year 2022 earnings released: €0.053 loss per share (vs €0.29 loss in FY 2021) Full year 2022 results: €0.053 loss per share (improved from €0.29 loss in FY 2021). Revenue: €944.0m (up 3.1% from FY 2021). Net loss: €18.3m (loss narrowed 77% from FY 2021). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 26
Third quarter 2022 earnings released: €0.004 loss per share (vs €0.033 loss in 3Q 2021) Third quarter 2022 results: €0.004 loss per share (improved from €0.033 loss in 3Q 2021). Revenue: €237.5m (down 2.8% from 3Q 2021). Net loss: €1.46m (loss narrowed 85% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Odysseas Christoforou was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Jun 01
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: €0.02 (up from €0.047 loss in 1Q 2021). Revenue: €220.2m (up 14% from 1Q 2021). Net income: €7.00m (up €17.0m from 1Q 2021). Profit margin: 3.2% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Jenny Leivadarou was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 16
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: €0.29 loss per share (up from €0.87 loss in FY 2020). Revenue: €915.5m (up 2.6% from FY 2020). Net loss: €77.7m (loss narrowed 58% from FY 2020). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 249%. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Dec 05
Third quarter 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2021 results: €0.033 loss per share (up from €0.076 loss in 3Q 2020). Revenue: €244.4m (up 6.6% from 3Q 2020). Net loss: €9.64m (loss narrowed 41% from 3Q 2020). Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates by 249%. Earnings per share (EPS) surpassed analyst estimates by 249%. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 02
Second quarter 2021 earnings released: €0.21 loss per share (vs €0.13 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: €200.3m (down 6.0% from 2Q 2020). Net loss: €45.4m (loss widened 58% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 22
New 90-day high: €1.72 The company is up 32% from its price of €1.30 on 23 September 2020. The Greek market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 18% over the same period. Recent Insider Transactions • Dec 18
MD & Executive Director recently sold €14m worth of stock On the 11th of December, Anastassios Kallitsantsis sold around 11m shares on-market at roughly €1.30 per share. This was the largest sale by an insider in the last 3 months. Anastassios has been a seller over the last 12 months, reducing personal holdings by €17m. Recent Insider Transactions • Dec 09
MD & Executive Director recently sold €2.9m worth of stock On the 3rd of December, Anastassios Kallitsantsis sold around 2m shares on-market at roughly €1.69 per share. This was the largest sale by an insider in the last 3 months. Anastassios has been a seller over the last 12 months, reducing personal holdings by €2.7m. Reported Earnings • Nov 29
Third quarter 2020 earnings released: €0.076 loss per share The company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: €229.4m (down 26% from 3Q 2019). Net loss: €16.3m (loss narrowed 1.8% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 26
New 90-day high: €1.55 The company is up 41% from its price of €1.10 on 28 August 2020. The Greek market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 18% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: €1.49 The company is up 38% from its price of €1.08 on 08 July 2020. The Greek market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 13% over the same period. 
