Heracles Group – Strong footprint in the domestic economy

During the three years 2018-2020, the total contribution of the Heracles group to value added for the Greek economy was estimated at 681 million euros, with the average corresponding to 0.13% of the country’s GDP. Respectively, its total contribution to the state tax revenues of the state amounts to 222 million euros, with the average corresponding to 0.10% of the tax revenues of the Greek state.

In addition, for every 1 euro of direct value added of the group on average per year, an additional 3.5 euros are created in the Greek economy, thus highlighting that the dynamics of the group is such that its turnover more than triples the value generated.

The value it adds to the country on a socio-economic level was captured for the first time by the group in the exhibition entitled “Priority to society”, which is based on a study implemented by the Department of Climate Change and Sustainable Development of EY Greece.

At the same time, the Heracles group contributed significantly to employment by offering an average of 6,537 full-time jobs, which correspond to 0.02% of total employment in Greece. It is worth noting that for every 1 job, an average of 7 additional jobs are supported annually in the wider economy. Also, the activity of the group is supported by the income of more than 15,000 citizens on average per year.

In addition, through the multifaceted Corporate Social Responsibility program of the group, 130 bodies were supported in practice and more than 210 social responsibility actions were implemented.

Mr. Dimitris Chanis, CEO of the Heracles group, stated: “The data reflected in the study of EY prove that at the Heracles group our constant priority is to constantly improve our performance, while taking care of the environment, people and societies in which we operate but also enhancing the growth prospects of the domestic economy. Our strategy and business steps are fully in line with our vision for a better and more sustainable future. Each of us, the people of the Heracles group, is committed that in the next three years we will have to show “projects” that will contribute positively to the country’s economy and will “build” added value for Greek society. “