PREMIA Properties announced for the 9 months of 2022, a 61% increase in revenue, a doubling of operating profitability (Adjusted EBITDA) and a tripling of profitability after taxes, on a consolidated basis, compared to the corresponding period of 2021.
The company also announced for the January – September period the addition of four (4) new properties, three student residences in Athens, Thessaloniki and Patras as well as the facilities of Doukas Schools, with the Group’s portfolio now including thirty-one (31) properties and the total value of investments to be €229.0 million. The Company, after September 2022, further strengthened its portfolio by completing milestone transactions such as the acquisition of the properties of BOUTARIS and the ATHENS HEART mall.
High total cash available of € 75.8 million and a healthy financial structure with the Group’s Equity standing at € 134.6 million and net borrowing at € 95.1 million. The strong creditworthiness of the Company was confirmed by ICAP CRIF S.A. which in October 2022, as part of the annual review, maintained the rating on the A scale.
Latest News
Source of Wealth Declarations for Greek Public Officials Made Easier
Source of wealth declarations are designed to improve transparency and prevent corruption among Greece's public officials. Yet 98% of Greeks still believe corruption is widespread in the country, according to Eurobarometer.
Greece’s Labor Market Slack Among Highest in EU
Greece ranks 4th in EU for labor market slack, mostly due to high unemployment levels, and has widest gender gap in the EU.
Livestock Crisis Threatens Greek Feta
Feta in particular, is Greece’s primary dairy export, with 65% of production going abroad.
Moldova’s Sandu Wins Second Term amid Meddling Claims
According to the Central Election Commission, with 98% of votes counted, Maia Sandu led with 54.35% to Alexandr Stoianoglo’s 45.65%
Attica Wins ‘Best Greek Hospitality Region’ at 2024 Awards
The Greek Hospitality Awards, now in their tenth year, are one of the premier tourism industry events at the European level
Greece Takes Command of EU’s Operation ASPIDES in Red Sea
The defense minister also visited the Greek frigate Spetsai, which is participating in Operation ASPIDES, while in the port of Djibouti
Brain Gain: Returning Greeks Drive Innovation and Growth in IT and Key Sectors
The profile of the returnees to Greece reveals that 67.6% have families, and 52% have children
New Regulations Target Airbnb Rentals in Greece with Safety and Quality Standard
Additionally, a new ranking system for tourist accommodations based on sustainability criteria is expected to be introduced
Piraeus Port Authority: Net Profits Exceed 70mln€ in Jan-Sep 2024
All indices rise in third quarter of 2024 compared to corresponding period of 2023
Layoffs in Greece on Par with Hires for September: ERGANI
The data is expected as the country's tourist season ended, resulting in an upswing in the number of employees departing as thousands of seasonal workers are left out of the job market