New Risk • May 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • May 06
Full year 2025 earnings released: EPS: €0.09 (vs €0.043 in FY 2024) Full year 2025 results: EPS: €0.09 (up from €0.043 in FY 2024). Revenue: €1.39b (up 11% from FY 2024). Net income: €18.0m (up 161% from FY 2024). Profit margin: 1.3% (up from 0.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 88% per year, which means it is significantly lagging earnings growth. Announcement • Apr 18
Aktor Societe Anonyme Holding Company Technical and Energy Projects to Report Fiscal Year 2025 Final Results on Apr 30, 2026 Aktor Societe Anonyme Holding Company Technical and Energy Projects announced that they will report fiscal year 2025 final results at 5:20 PM, GTB Standard Time on Apr 30, 2026 Announcement • Apr 16
Aktor Societe Anonyme Holding Company Technical and Energy Projects, Annual General Meeting, Jul 08, 2026 Aktor Societe Anonyme Holding Company Technical and Energy Projects, Annual General Meeting, Jul 08, 2026. New Risk • Mar 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. 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). Large one-off items impacting financial results. Announcement • Sep 03
Aktor Societe Anonyme Holding Company Technical and Energy Projects to Report First Half, 2025 Results on Sep 04, 2025 Aktor Societe Anonyme Holding Company Technical and Energy Projects announced that they will report first half, 2025 results on Sep 04, 2025 Reported Earnings • May 02
Full year 2024 earnings released: EPS: €0.043 (vs €0.022 loss in FY 2023) Full year 2024 results: EPS: €0.043 (up from €0.022 loss in FY 2023). Revenue: €1.25b (up 205% from FY 2023). Net income: €6.92m (up €10.3m from FY 2023). Profit margin: 0.6% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. New Risk • Apr 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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: Major Risk Earnings have declined by 7.4% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Shareholders have been diluted in the past year (27% increase in shares outstanding). Announcement • Apr 25
Aktor Societe Anonyme Holding Company Technical and Energy Projects, Annual General Meeting, Jul 09, 2025 Aktor Societe Anonyme Holding Company Technical and Energy Projects, Annual General Meeting, Jul 09, 2025. New Risk • Apr 07
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 4.8% 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 Earnings have declined by 7.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (4.8% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Nov 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.4% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). Announcement • Oct 30
Intrakat Société Anonyme Technical and Energy Projects (ATSE:INKAT) entered into a binding Framework Agreement to acquire real estate portfolio of Prodea Real Estate Investment Company Société Anonyme. Intrakat Société Anonyme Technical and Energy Projects (ATSE:INKAT) entered into a binding Framework Agreement to acquire real estate portfolio of Prodea Real Estate Investment Company Société Anonyme on October 29, 2024. This is subject to the fulfillment of the contractual condition's precedent included in the Framework Agreement and any other customary conditions for similar transactions and required approvals having been obtained, with the execution of final legal documents. The parties may, by mutual agreement, extend the deadline for completion of the Transaction. The expected completion of the transaction is May 31, 2025. Reported Earnings • Oct 01
First half 2024 earnings released: EPS: €0.074 (vs €0.075 in 1H 2023) First half 2024 results: EPS: €0.074. Revenue: €533.1m (up 257% from 1H 2023). Net income: €11.9m (up 8.2% from 1H 2023). Profit margin: 2.2% (down from 7.3% in 1H 2023). Announcement • Sep 25
Intrakat Société Anonyme Technical and Energy Projects to Report First Half, 2024 Results on Sep 30, 2024 Intrakat Société Anonyme Technical and Energy Projects announced that they will report first half, 2024 results on Sep 30, 2024 Announcement • Jun 20
Intrakat Société Anonyme Technical and Energy Projects, Annual General Meeting, Jul 10, 2024 Intrakat Société Anonyme Technical and Energy Projects, Annual General Meeting, Jul 10, 2024, at 10:00 GTB Standard Time. Location: at the municipality of paiania, 19th km of markopoulo avenue, building b7, auditorium, 2ndf loor, attica Greece Buy Or Sell Opportunity • May 18
Now 20% undervalued Over the last 90 days, the stock has risen 3.1% to €5.26. The fair value is estimated to be €6.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 47%. New Risk • May 16
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 24
Full year 2023 earnings released Full year 2023 results: Revenue: €412.1m (up 83% from FY 2022). Net income: €2.90m (up €26.1m from FY 2022). Profit margin: 0.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Announcement • Apr 21
Intrakat Société Anonyme Technical and Energy Projects to Report Fiscal Year 2023 Results on Apr 23, 2024 Intrakat Société Anonyme Technical and Energy Projects announced that they will report fiscal year 2023 results on Apr 23, 2024 New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). High level of non-cash earnings (28% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.48, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 7x in the Construction industry in Greece. Total returns to shareholders of 235% over the past three years. New Risk • Sep 28
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). High level of non-cash earnings (28% accrual ratio). Shareholders have been substantially diluted in the past year (114% increase in shares outstanding). Announcement • Sep 27
Intrakat Société Anonyme Technical and Energy Projects to Report First Half, 2023 Results on Sep 27, 2023 Intrakat Société Anonyme Technical and Energy Projects announced that they will report first half, 2023 results on Sep 27, 2023 Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Panagiotis Antivalidis is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Director Nikolaos Vougioukas 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. Lack of experienced directors. Reported Earnings • Oct 02
First half 2022 earnings released: €0.27 loss per share (vs €0.42 loss in 1H 2021) First half 2022 results: €0.27 loss per share. Revenue: €103.1m (up 19% from 1H 2021). Net loss: €18.1m (loss widened 34% from 1H 2021). Announcement • Jun 03
Intracom Constructions Societe Anonyme Technical and Steel Constructions, Annual General Meeting, Jun 29, 2022 Intracom Constructions Societe Anonyme Technical and Steel Constructions, Annual General Meeting, Jun 29, 2022. Agenda: Annual Ordinary General Meeting. Reported Earnings • May 05
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €214.8m (up 23% from FY 2020). Net loss: €21.5m (loss widened 89% from FY 2020). Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 70%, compared to a 15% growth forecast for the industry in Greece. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Non-Executive Director Ioannis Tsoumas was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Recent Insider Transactions • Feb 18
MD, CEO & Executive Director recently bought €1.9m worth of stock On the 14th of February, Petros Souretis bought around 1m shares on-market at roughly €1.90 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Petros has been a net seller over the last 12 months, reducing personal holdings by €1.5m. Announcement • Feb 18
Intracom Constructions Societe Anonyme Technical and Steel Constructions has completed a Follow-on Equity Offering in the amount of €51.351353 million. Intracom Constructions Societe Anonyme Technical and Steel Constructions has completed a Follow-on Equity Offering in the amount of €51.351353 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,027,028
Price\Range: €1.9
Transaction Features: Rights Offering Recent Insider Transactions • Feb 12
MD, CEO & Executive Director recently sold €5.1m worth of stock On the 4th of February, Petros Souretis sold around 2m shares on-market at roughly €2.20 per share. This was the largest sale by an insider in the last 3 months. Petros has been a seller over the last 12 months, reducing personal holdings by €3.5m. Reported Earnings • Oct 05
First half 2021 earnings released: €0.42 loss per share (vs €0.12 loss in 1H 2020) The company reported a poor first half result with increased losses and weaker control over costs, although revenues were flat. First half 2021 results: Revenue: €87.0m (flat on 1H 2020). Net loss: €13.5m (loss widened 274% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Aug 07
MD, CEO & Executive Director recently bought €1.6m worth of stock On the 4th of August, Petros Souretis bought around 853k shares on-market at roughly €1.89 per share. This was the largest purchase by an insider in the last 3 months. This was Petros' only on-market trade for the last 12 months. Is New 90 Day High Low • Feb 07
New 90-day low: €1.20 The company is down 6.0% from its price of €1.27 on 09 November 2020. The Greek market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 16% over the same period. Announcement • Dec 05
Intracom Constructions Societe Anonyme Technical and Steel Constructions, Annual General Meeting, Dec 28, 2020 Intracom Constructions Societe Anonyme Technical and Steel Constructions, Annual General Meeting, Dec 28, 2020, at 10:00 E. Europe Standard Time. Location: Paiania Attica, 19th km of Markopoulo Avenue Building B7, Conference Hall 2nd floor Paiania Greece Is New 90 Day High Low • Nov 27
New 90-day high: €1.38 The company is up 15% from its price of €1.20 on 28 August 2020. The Greek market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 24% over the same period. Is New 90 Day High Low • Oct 08
New 90-day high: €1.35 The company is up 7.0% from its price of €1.27 on 10 July 2020. The Greek market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 14% over the same period. Announcement • Jun 20
Intracom Constructions Societe Anonyme Technical and Steel Constructions to Report Fiscal Year 2019 Results on Jun 19, 2020 Intracom Constructions Societe Anonyme Technical and Steel Constructions announced that they will report fiscal year 2019 results on Jun 19, 2020 