
Without accurately assessing Aktor’s returning Ellaktor’s manufacturing sector to profitability, the group’s CEO Thymios Bouloutas reiterated its management’s goal of zeroing losses in the coming quarters.
Mr. Bouloutas during a press briefing on the financial results of 2021 presented the improvement of the financial performance of the group and its areas of activity during the last four years, emphasizing the increase of EBITDA to 164.9 million euros from 34.4 million in 2020. According to him, with the rise in operating profitability, the group’s ability to repay interest on loans and development projects is now open. He also argued on the occasion of the claim of important construction projects by Aktor, that there are positive discussions with the domestic banking sector as construction losses are limited.
The bond
The CEO of Ellaktor, however, when asked about the large bond issued by the previous management amounting to 670 million euros and with an interest rate of more than 6%, avoided answering concerning its refinancing, referring to decisions that will be taken by the management based on economic developments in the coming years. The bond expires in 2024.
He had a similar retort, leaving open all possibilities, as concerns the necessity of a possible new capital reinforcement of the group. As he said there are various financial tools that will all be examined. He also noted that the bid for Attiki Odos through the HRADF tender for the extension of the concession contract will find the group with capital adequacy. At this point, Mr. Bouloutas announced that Aktor together with Avax and a foreign partner will claim the concession.
The unfulfilled balance
The CEO of Ellaktor made special reference to the group’s participation and its promotion as a bidder in important construction projects and concessions.
According to him, the unfulfilled balance of the signed and to be signed contracts exceeds 3 billion. euro.
He also set a goal to claim projects from the 13 billion euro pie of the Recovery Fund.
Energy
Mr. Bouloutas also characterized the group’s activity in RES as a cornerstone of Ellaktor’s development strategy.
He reminded that it is the second largest wind power RES generator, through parks with a capacity of 493 MW, while it is aiming by 2025 at the construction and operation of projects with a total capacity of 1.2 GW.
He spoke about the cooperation with the Portuguese firm EDPR and the launch of 496 MW projects in Evia.


Latest News

WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region

Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)

Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.

Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.

Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread

Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion

Increase in Both Museum Visits, Revenues for 2024
As expected, the Acropolis was the top archeological site in the country, followed by Sounion, Mycenae, the ancient theater of Epidaurus, and Vergina in northern Greece

Where Greece’s Tourists Come From: A Look at 2025’s Top Visitor Markets
The United Kingdom continues to hold the top spot as the largest source of incoming tourism, with 5.6 million seats booked for Greece this summer — up 2.2% from last year. This accounts for 20% of all international air traffic to Greece