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Friday, May 14, 2021

European Reliance General Insurance Company S.A. (EUPIC)-NET DEBT

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TERNA ENERGY Group: Annual Financial Results 2020


Group sales settled at 328.1 million Euros – edging higher by 9.7%
The adjusted operating profitability accounted for 198.8 million Euros – up by 12.1%

Earnings after minorities amounted to EUR 71.8 million – posting an increase by 39.3%

TERNA ENERGY Group posted an increase in turnover and profitability during the year 2020 compared to the corresponding period last year.

Despite the deterioration of the global economic conditions due to the COVID-19 pandemic, TERNA ENERGY Group maintains its financial robustness, having managed to ensure the health and safety of its employees. At the same time, the Group has taken all the necessary measures and actions in order to continue the smooth development of its main business activities by steadily implementing its investment plan and also by contributing towards the broader efforts of stabilizing the Greek economy and the level of employment.

The annual consolidated results of TERNA ENERGY for 2020 were reported as follows:

Consolidated sales amounted to 328.1 million Euros compared to 299.1 million Euros in 2019, advancing by 9.7%. Analytically:

Income from the electricity production sector amounted to 273.4 million Euros compared to 237.3 million Euros in 2019, increased by 15.2%. Sales from the division of electric energy trading amounted to 35.9 million Euros, up from 37 million in the previous year. The turnover of the construction activity of TERNA ENERGY amounted to 26.7 million Euros recording a decrease of 44.3% compared to the year 2019. Out of the total turnover, an amount of 5.5 million Euros concerned external customers. Revenue from the concessions’ division amounted to 13.3 million Euros compared to 10.4 million Euros in the previous year.

Total earnings before interest, taxes, depreciation and amortization (EBITDA)1 amounted to 194.7 million Euros compared to 182 million Euros in 2019, increased by 7%. The adjusted EBITDA amounted to € 198.8 million compared to 177.4 million Euros in 2019, increased by 12.1% compared to the year 2019 due to the increase of the installed capacity. Total earnings before interest and taxes (ΕΒΙΤ)1 amounted to 129.6 million Euros compared to 125.5 million Euros in 2019 edging higher by 3.27%. Earnings before taxes amounted to 90 million Euros, compared to 69.6 million Euros in 2019, increased by 29.2%. Net earnings after minority interests amounted to 71.8 million Euros compared to 51.6 million Euros in 2019 higher by 39.3%.

The net debt position1 of the Group (bank debt minus cash & cash equivalents) at the end of the year amounted to 613 million Euros compared to 716.3 million Euros in 2019, mainly due to the sale of the wind park “Mountain Air” in the US. In particular, as it has been announced, on 15.07.2020 TERNA ENERGY proceeded with the sale of the 138 MW wind park “Mountain Air”, located in the state of IDAHO, in the USA, to Innergex Renewable Energy Inc. It is worth noting that the operating profit (US GAAP-based) of the project in 2019 amounted to 17.6 million US dollars (EBITDA 2019). The sale resulted into a profit (IFRS-based) amounting to 27.5 million Euros.

Regarding the unprecedented extreme weather conditions of February 2021 in the State of Texas, US, and concerning their impact on the Group’s business activities, the Management of the Group moved quickly and took all the required actions from the first moments of this natural phenomenon. Throughout the period, meaning from the natural phenomenon that occurred and until the date of approval of the attached financial statements, there are daily discussions carried on with increased intensity with all stakeholders (Hedge Providers, Tax Equity Investors and Lender among others) in order to minimize the adverse effects on the Group. While these discussions are ongoing, the Management is considering the following three possible actions: (a) bringing an action before the competent courts and entering into a legal dispute with the Hedge Providers over “Liquidated Damages invoices”, which cover the period from 13 to 19 February 2021, the total amount of which reached to $179 million, (b) finding a mutually acceptable commercial solution to the dispute with the Hedge Providers, and (c) a Class B interests-based divestment, which would lead to the recognition of an accounting loss in the consolidated financial results that is estimated at approximately $115 million. The Management, at the date of approval of the attached financial statements, is in consultation with the Group’s legal advisors in order to minimize the adverse effects on the Group and at this point no final decisions have been taken.

Despite the deterioration of the global economic conditions due to the COVID-19 pandemic, TERNA ENERGY Group maintains its financial robustness, having managed to ensure the health and safety of its employees. At the same time, the Group has taken all the necessary measures and actions in order to continue the smooth development of its main business activities by steadily implementing its investment plan and also by contributing towards the broader efforts of stabilizing the Greek economy and the level of employment.

In total, TERNA ENERGY Group has more than 1,800 MW in operation, under construction or ready for construction in Greece, the USA, Central and Eastern Europe. Specifically, the Group has installed 728 MW in Greece, 513 MW in the USA and 132 MW in the Southeastern Europe, while it has under construction or ready for construction RES facilities with a total capacity of 430 MW in Greece and abroad.

With regard to the total installed capacity TERNA ENERGY has the target to reach 3,000 MW within the next five years.

(1) The alternative performance measures (APM) were determined in the same manner as in note 6 of the Annual Financial Report for the period 01/01/2020-31/12/2020.

Information:
Investor Relations: Aristotelis Spiliotis, tel. + 30 210 696800, tspiliotis@terna-energy.com
Press Office & Public Relations: Danai Kalantidi, tel. +30 210 6968000, dkalantidi@gekterna.com

Thursday, May 13, 2021

Hellenic Telec (OTEr): 52 WEEK HIGH

 



European Reliance General Insurance Company S.A. - CASH

 

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TERNA ENERGY: Commencement of construction works for the conversion of the 115th Combat Wing in Souda into a “green” installation


€ 3.5 million donation from TERNA ENERGY to the country’s Armed Forces
The project will be completed in 15 months
Average benefit of over € 400,000 for the Unit

The important donation of TERNA ENERGY to the country’s Armed Forces, which concerns the conversion of the airport of the 115th Combat Wing (CW) in Souda into a “green” installation, i.e. a Zero Carbon Footprint installation (Net Zero Carbon Emissions Airport) with parallel coverage of all needs for electricity, heating and cooling by 100% from Renewable Energy Sources (Net Zero Energy Airport).

After completing the required procedures and obtaining the necessary approvals, construction works will begin on the military airport facilities and are expected to be completed within 15 months.

The annual benefit of fully discharging the Unit from the cost of electricity supply and heating needs will exceed € 400,000.

It is worth noting that the military airport in Souda will be one of the first installations in the world to receive the certification “Net Zero Energy Airport”.

What does the donation includes

TERNA ENERGY will fully cover the cost of the studies, planning and construction of all required projects.

Specifically, the proposal of TERNA ENERGY provides:
The installation of a photovoltaic system for the production of electricity from Renewable Energy Sources
The installation of energy storage system with lithium ion batteries
“Smart” energy management system for the production and consumption of energy and for the plant facilities of the unit, so that its Administration can manage all energy needs in the most secure and efficient way

Interventions and upgrades to already installed systems, such as replacement of existing heating boilers with heat pumps, installation of solar water heaters, supply of electric tricycles for professional use, replacement of iodine type luminaires with new LED technology products and electrification of intra-airport transport, the selection of which as well as the scope of their application will be determined through the energy audit of the plant facilities and the final energy study of the project

Certification concerning the reduction of the Carbon Footprint of the Installation in accordance to the Green House Gas Protocol (GHGP) and ISO 14064
Certification of 115 Battle Wing as Net Zero Energy Military Airport

For the implementation of the necessary projects, TERNA ENERGY will work with the specialized company EASY POWER S.A., which has designed, studied and manufactured self / hybrid systems for power generation and distribution, produced by the sun – which has been awarded a patent by the OBI – but also the formation of a technology platform that can ensure certification of NET ZERO ENERGY, in existing or under construction building infrastructures or installations.

Upon project’s completion, TERNA ENERGY will undertake the training of the appropriate technical staff of the Air Force for the needs of operational administration, monitoring and maintenance of the entire system.

TERNA ENERGY is the largest investor in the RES sector in Greece and the biggest Greek company in the sector worldwide. With a strong portfolio of more than 1,800 MW in operation, under construction or ready for construction in Greece and abroad, TERNA ENERGY is steadily advancing to reach the 3,000 MW target of RES facilities by the year 2025.

Wednesday, May 12, 2021

GREECE IS GREEN

 


AS COMPANY:52 WEEK HIGH






 

NET PROFIT - European Reliance General Insurance Company S.A. (EUPIC.AT)

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JUMBO:2021 Financial Calendar



In the context of providing accurate and timely information to investors, according to the provisions of article 4.1.3.15 of the Athens Exchange Regulation, Jumbo S.A. (the Company) announces its financial calendar:

Date of announcement of the Annual Financial Results for the fiscal year 01.01.2020-31.12.2020: 14.04.2021 after the closure of the Athens Stock Exchange trading session to the website of the Company (www.e-jumbo.gr) and in particular to the webpage https://corporate.e-jumbo.gr/ as well as to the website of the Athens Stock Exchange (www.athexgroup.gr).

Date of the analysts’ annual information in respect of the financial results for the fiscal year 01.01.02020-31.12.2020: 15.04.2021.
Date of Annual General Meeting of Shareholders: 02.06.2021.The Board of Directors of the Company will suggest to the Annual General Meeting of Shareholders the non-distribution of any further dividend for the fiscal year 01.01.2020-31.12.2020. During the year 2020, the management of the company prepaid the dividend for the year 2020 of a total amount 0,615 EUR/ share in a form of an extraordinary cash distribution.

It is noted that for 2021, management intends to pay again in a form of an extraordinary cash distribution amount equal to the dividend for the 12-month fiscal year 2018/2019, ie a gross amount of 0,47 EUR/ share. The intention is that the cash distribution to be paid immediately after the three-month period of uninterrupted and smooth operation of the stores.

The Company reserves the right to amend the abovementioned dates. In such a case, it will promptly inform investors.

Tuesday, May 11, 2021

European Reliance General Insurance Company S.A. - EBITDA

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JUMBO:The health crisis has stood in the way of growth




With the outbreak of the health crisis, all the countries where the JUMBO Group operates took measures to limit the spread of Covid-19 affecting in this way the performance of the Group.

The turnover during the financial year 2020, for the JUMBO Group, amounted to EUR 694,03 million, reduced by -18,15% compared to the corresponding year 01.01.2019-31.12.2019, which was EUR 847.94 million.


In Greece, Jumbo stores as well as other commercial stores remained closed during the two major and critical periods, Easter and Christmas 2020. During periods when the stores were allowed to operate, in order to avoid overcrowding, there was a provision for a certain number of visitors per square meter within the company's stores.
As a result, the net sales of the parent company - excluding intercompany transactions - decreased by approximately -30% y-o-y.
In Cyprus, all stores remained closed from mid-March to early May 2020, missing, in this way, the Easter holiday season. The confinement measures imposed on the citizens in combination with the administrative decisions for the closure of stores that operated in shopping centers or in areas with high epidemiological burden affected the sales in 2020 which declined by approximately -13% y-o-y.
In Bulgaria, the confinement measures for the citizens for two months (from March to May 2020) as well as the decisions for the closure of stores operating in shopping centers resulted in a decrease in sales during the year 2020 by approximately -10 %.
Similar restrictions in Romania did not reverse the growth potential and sales increased by approximately + 13%.
During 2020, Group’s gross profit, reached at EUR 359,40 million recording a decrease of -19,02% (compared to EUR 443.79 million in 2019).

The gross margin for the Jumbo Group stood at 51,78% in 2020 from 52,34% in 2019.

In this difficult year, the restraint of operating costs contributed significantly to the performance. Consolidated Net Profits after tax stood at EUR 138,67 million compared to EUR 177,62 million in 2019, reduced by -21,93 % y-o-y.


Purchase Strategy

The Group in 2020 adjusted its purchase strategy taking into account the period of inactivity and partial operation of the stores.
As a result, on the last day of December 2020, cash and cash equivalents and other current financial assets amounted to EUR 665,15 million from EUR 636.99 million on 31.12.2019.

Dividend Policy
The management of the company remains faithful to its policy of distributing dividends every year without missing a single year.
Thus, during 2020, taking into account the special circumstances, the management of the company prepaid the dividend for the year 2020, a total amount of 0,615 EUR/ share in the form of extraordinary cash distribution, rewarding its shareholders who demonstrate their trust in the Group.
Management intends to announce, at the upcoming Ordinary General Meeting that is expected to take place at the beginning of June, an extraordinary cash distribution equal to the dividend for the 12-month fiscal year 2018/2019, i.e. a gross amount of 0,47 EUR/ share. The intention is the cash distribution to be paid immediately after a three-month period of uninterrupted and smooth operation of the stores.

Store roll-out

At the end of the corporate year, on December 31, 2020, the JUMBO Group numbered 80 stores.

From which:
• 52 are in Greece,
• 5 in Cyprus,
• 9 in Bulgaria, and
• 14 in Romania.

The Group operates the online store www.e-jumbo.gr in Greece and Cyprus.

Furthermore, the Group, through collaborations, has presence, through 28 stores operating under the JUMBO brand, in six countries (Albania, Kosovo, Serbia, North Macedonia, Bosnia and Montenegro).

Due to long delays in obtaining authorizations for the related works due to the pandemic, it is estimated that a new store in Greece (approximately 9.000 sq.m.) will be added to the store network until December 2021.

There will also be a new privately owned store (approximately 12.500 sq.m.) in Craiova, Romania, while the same complex will house warehouses and services for the Romanian e - jumbo department (approximately 33.000 sq.m.).

Monday, May 10, 2021

European Reliance General Insurance Company S.A. - REVENUE

 

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European Reliance - Award Ceremony for the top Insurance Agents of 2020



The Company organized with great success the award ceremony for the top productive Insurance Agents for 2020, in a specially designed digital platform. The ceremony attended more than 1,200 Insurance Agents of the Company from all over Greece.
The coordinator of the event was Mr. George Gkotzageorgis, Director of the Marketing and Sales Network Department, who made the first greeting, congratulating the successful candidates who managed through the difficulties of the pandemic to complete with success their precious tasks.

Ms. Vasiliki Roussi, Commercial Director, greeted the participants and gave her warm greeting to the successful candidates. Ms. Roussi added that European Reliance is the only leader Greek insurance company that will continue to operate as a model for its organization, that is based exclusively on its Sales Network. She wished the successful candidates to achieve all their objectives in the future years, stating that European Reliance has the financial strength and the technological expertise to always stand by the side of the Insurance Intermediary.

Mr. Nikolaos Chalkiopoulos, Chairman of the Board of Directors and Chief Insurance Operation Officer, congratulated the successful candidates and the Sales Network, that brought to the Company at its best financial state since its first establishment. He added that the objectives were achieved, despite the contradictions of the pandemic and this is not only a great achievement but clearly shows the path for the future.

Mr. Stefanos Verzovitis, Vice-Chairman of the Board of Directors & Chief Financial Officer, closed the series of speeches. After congratulating the successful candidates, he referred to the notable behavior and personal responsibility that the Sales Network and the In-house personnel showed during the management of the pandemic. In the end of his speech, Mr. Verzovitis added that the great results, not only created record amounts of profit for the Company, but were the main cause for the increase of the Solvency Ratio, even in higher levels.

Right after the first speeches and greetings, the top Insurance Agents of 2020 were awarded. The Sales Directors, the Regional Directors and the Directors of the Retail Offices had the opportunity to distribute the awards to the successful candidates and congratulate them for the distinctions in the future.
The award winners expressed their gratitude for the overall support of the Company in every step of their effort, stating that this award is the step for new beginnings.

It is worth noting that during the intermission of these two parts of the ceremony, Mr. Nikos Morakis, Chief Editor of Morax Media, made a speech, under the title “Insurance Marketing Tools 2021 - The communication tools of the modern Insurance Agent”. In this presentation, Mr. Morakis, referred to the modern trends of Marketing and Communication in the Insurance Sector, the new digital tools and practices, that the Insurance Intermediaries may integrate in their daily communication with the public.

The ceremony ended with a speech by the Chief Executive Officer, Mr. Christos Georgakopoulos, who declared: “It is a high honor for the Management of the Company to distribute these awards to its Insurance Agents, since through this award the precious and unique work of the Insurance Intermediary is acknowledged. It is a precious work that all of us acknowledge in European Reliance. Warm congratulations to each one of you separately for the distinctions that you achieved and we remain certain that you will continue moving towards the same direction and with similar successful results”.

European Reliance will continue to stand by its Insurance Agents, providing modern training methods, precious digital tools and every strong effort, to facilitate their everyday task. The Company, proud for its Sales Network, will continue to have as top growth level for the promotion of its Operations, the Insurance Intermediary.

Sunday, May 9, 2021

FACEBOOK CURRENT PRICE VS GRAHAM NUMBER

PFIZER: CURRENT PRICE VS GRAHAM NUMBER

 

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Saturday, May 8, 2021

AFLAC IS UNDERVALUED

 

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Warning: The article  does not constitute investment advice.

MYTILINEOS: CURRENT PRICE VS GRAHAM NUMBER

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Friday, May 7, 2021

Dropbox Announces Fiscal 2021 First Quarter Results

 Dropbox Announces Fiscal 2021 First Quarter Results

May 6, 2021

First Quarter Revenue of $511.6 Million, Up 12% Year-over-year

Net Cash Provided by Operating Activities of $115.7 Million and Free Cash Flow of $108.8 Million

GAAP and Non-GAAP Operating Income of $42.5 Million and $148.6 Million, Up 59% and 103% Year-over-year

SAN FRANCISCO--(BUSINESS WIRE)--May 6, 2021-- Dropbox, Inc. (NASDAQ: DBX), today announced financial results for its first quarter ended March 31, 2021.

“We kicked off the year with a profitable Q1, along with strong revenue growth and free cash flow,” said Dropbox Co-Founder and Chief Executive Officer Drew Houston. “We welcomed DocSend to the team, saw great momentum with HelloSign, and continued to make meaningful progress against our 2021 priorities. In this new era of distributed work, we have a big opportunity to deliver more value to our customers and shareholders, and I’m excited for what’s ahead.”

Jumbo: Analysts’ annual briefing

Thursday, May 6, 2021

Dropbox Q1 EPS $0.35 Beats $0.30 Estimate, Sales $511.60M Beat $505.18M Estimate

 

Estimating The Fair Value Of ZEPP HEALTH CORP.

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BAIC MOTOR IS UNDERVALUED

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Wednesday, May 5, 2021

Ευρωπαϊκή Πίστη:«My Portal» – Μία νέα ασφαλιστική εμπειρία

H Ευρωπαϊκή Πίστη στο πλαίσιο του ψηφιακού της μετασχηματισμού, ολοκλήρωσε τη δημιουργία του νέου portal πελατών «My Portal», το οποίο προσφέρει στο χρήστη μια απλή και εξατομικευμένη εμπειρία διαχείρισης της δραστηριότητάς του με την Εταιρία.

AS COMPANY IS UNDERVALUED

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Estimating The Fair Value Of As Company

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Thursday, April 29, 2021

Opap & Mytilineos 52 week high


 
https://m.gr.investing.com/

Βaic:QTRLY TOTAL OPERATING INCOME RMB 49.81 BILLION VERSUS RMB 33.11 BILLION

QTRLY TOTAL OPERATING INCOME RMB 49.81 BILLION VERSUS RMB 33.11 BILLION


QTRLY NET PROFIT ATTRIBUTABLE RMB1.76 BILLION VERSUS RMB33.7 MILLION

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AS COMPANY CASH VS DEBT


Wednesday, April 28, 2021

ΤΕΡΝΑ ΕΝΕΡΓΕΙΑΚΗ: Ξεκινούν οι εργασίες για τη μετατροπή της 115 Πτέρυγα Μάχης στη Σούδα σε «πράσινη» εγκατάσταση



Δωρεά ύψους 3,5 εκατ. ευρώ από την ΤΕΡΝΑ ΕΝΕΡΓΕΙΑΚΗ
Το έργο θα έχει ολοκληρωθεί σε 15 μήνες από την έναρξή του
Άνω των 400.000 ευρώ το ετήσιο όφελος για τη Μονάδα

Πραγματοποιήθηκε η εκδήλωση βραβεύσεων του Δικτύου Πωλήσεων για το 2020



Με απόλυτη επιτυχία πραγματοποιήθηκε η εκδήλωση βραβεύσεων των κορυφαίων παραγωγικά Συνεργατών της Εταιρίας για το 2020, η οποία διοργανώθηκε σε ειδικά διαμορφωμένη για την Α.Ε.Γ.Α. Ευρωπαϊκή Πίστη, διαδικτυακή πλατφόρμα. Την εκδήλωση είχαν την ευκαιρία να παρακολουθήσουν περισσότεροι από 1.200 Συνεργάτες της Εταιρίας, από ολόκληρη την Ελλάδα.



Συντονιστής της εκδήλωσης ήταν ο κ. Γιώργος Γκοτζαγεώργης, Διευθυντής Marketing & Υποστήριξης Δικτύου Πωλήσεων, ο οποίος απηύθυνε τον αρχικό χαιρετισμό, δίνοντας συγχαρητήρια στους επιτυχόντες που κατάφεραν μέσα στις δύσκολες συνθήκες της πανδημίας, να ολοκληρώσουν με επιτυχία το πολύτιμο έργο τους.

Η κα. Βασιλική Ρούσση, Εμπορική Διευθύντρια, χαιρέτισε τους συμμετέχοντες και έδωσε θερμά συγχαρητήρια στους επιτυχόντες. Η κυρία Ρούσση στάθηκε στο γεγονός πως η Ευρωπαϊκή Πίστη είναι η μόνη πλέον ηγέτιδα ελληνική ασφαλιστική Εταιρία και θα συνεχίσει να αποτελεί πρότυπο οργάνωσης, βασιζόμενη αποκλειστικά στο Δίκτυο Πωλήσεών της. Στη συνέχεια, ευχήθηκε στους βραβευόμενους ανάλογες κατακτήσεις στόχων και τα επόμενα χρόνια, δηλώνοντας πως η Ευρωπαϊκή Πίστη έχει την οικονομική ρώμη, αλλά και την τεχνογνωσία να βρίσκεται πάντα στο πλευρό του Ασφαλιστικού Διαμεσολαβητή.

Ακολούθησε η ομιλία του κ. Νικόλαου Χαλκιόπουλου, Προέδρου Δ.Σ. και Γενικού Διευθυντή Χαρτοφυλακίου, ο οποίος συνεχάρη τους επιτυχόντες και εξήρε το Δίκτυο Πωλήσεων, το οποίο όπως ανέφερε, κατάφερε να φέρει την Εταιρία στην καλύτερη οικονομική κατάσταση από ιδρύσεώς της. Τόνισε μάλιστα πως οι στόχοι επετεύχθησαν, παρά τις αντιξοότητες της πανδημίας και αυτό αποτελεί όχι μόνο ένα σπουδαίο επίτευγμα, αλλά και οδηγό για το μέλλον.

Την ενότητα των πρώτων χαιρετισμών και ομιλιών έκλεισε ο κ. Στέφανος Βερζοβίτης, Αντιπρόεδρος Δ.Σ. και Γενικός Διευθυντής Διοικητικών & Οικονομικών Υπηρεσιών. Ο κύριος Βερζοβίτης αφού έδωσε τα συγχαρητήριά του στους βραβευόμενους, αναφέρθηκε στην αξιοσημείωτη στάση και ατομική ευθύνη που επέδειξαν και συνεχίζουν να επιδεικνύουν το Δίκτυο Πωλήσεων και το Προσωπικό Εσωτερικών Υπηρεσιών, αναφορικά με την αντιμετώπιση της πανδημίας. Κλείνοντας το χαιρετισμό του, επεσήμανε πως τα σπουδαία αποτελέσματα, όχι μόνο δημιούργησαν κέρδη – ρεκόρ για την Εταιρία, αλλά αποτέλεσαν την κύρια αφορμή για την άνοδο του Δείκτη Φερεγγυότητας, σε ακόμα υψηλότερα επίπεδα.

Αμέσως μετά τις αρχικές ομιλίες και τους χαιρετισμούς, σειρά είχαν οι πολυαναμενόμενες βραβεύσεις των Κορυφαίων Συνεργατών για το 2020. Οι Διευθυντές Πωλήσεων, οι Περιφερειακοί Διευθυντές, καθώς και οι Διευθυντές Καταστημάτων της Εταιρίας, είχαν την ευκαιρία να απονείμουν τα βραβεία στους επιτυχόντες και να τους ευχηθούν συγχαρητήρια και ανάλογες διακρίσεις στο μέλλον. Οι βραβευόμενοι εξέφρασαν την ευαρέσκειά τους για την καθολική στήριξη της Εταιρίας σε κάθε βήμα της προσπάθειάς τους, δηλώνοντας πως η συγκεκριμένη βράβευση αποτελεί το έναυσμα για νέες επιτυχίες.

Αξίζει να σημειωθεί πως στο διάλειμμα των δύο ενοτήτων των βραβεύσεων, έλαβε μέρος η πολύ ενδιαφέρουσα ομιλία του κ. Νίκου Μωράκη, Αρχισυντάκτη της εταιρίας Morax Media, με τίτλο «Insurance Marketing Tools 2021 – Τα εργαλεία επικοινωνίας του σύγχρονου Ασφαλιστή». Μέσα από την παρουσίασή του ο κύριος Μωράκης, κατέδειξε τις σύγχρονες τάσεις του Marketing και της Επικοινωνίας στον Ασφαλιστικό Κλάδο, αναδεικνύοντας τα νέα ψηφιακά εργαλεία και τακτικές, τα οποία μπορούν οι Ασφαλιστικοί Διαμεσολαβητές να εντάξουν στην καθημερινή τους επικοινωνία με το κοινό.

Η εκδήλωση έκλεισε με την τοποθέτηση του Διευθύνοντος Συμβούλου κ. Χρήστου Γεωργακόπουλου, ο οποίος δήλωσε: «Αποτελεί ύψιστη τιμή για τη Διοίκηση της Εταιρίας να απονέμει αυτά τα βραβεία στους Συνεργάτες της, καθώς μέσα από αυτή τη βράβευση, αναγνωρίζεται το πολύτιμο και μοναδικό έργο του Ασφαλιστικού Διαμεσολαβητή. Ένα έργο, του οποίου την πολυτιμότητα την αναγνωρίζουμε όλοι μας εδώ στην Ευρωπαϊκή Πίστη. Θερμά συγχαρητήρια σε κάθε έναν από εσάς ξεχωριστά για τη διάκριση που πετύχατε και είμαστε σίγουροι πως η συνέχεια θα είναι ανάλογη».

Η Ευρωπαϊκή Πίστη, θα συνεχίσει να βρίσκεται δίπλα στους Συνεργάτες της, παρέχοντας τους σύγχρονες μεθόδους εκπαίδευσης, πολύτιμα ψηφιακά εργαλεία, αλλά και κάθε δυνατό εφόδιο, προκειμένου να διευκολύνει το καθημερινό τους έργο. Η Εταιρία, περήφανη για το Δίκτυο Πωλήσεών της, θα συνεχίσει να έχει ως μοναδικό μοχλό ανάπτυξης των εργασιών της, τον Ασφαλιστικό Διαμεσολαβητή.

TERNA ENERGY Group: Annual Financial Results 2020

 

  • Group sales settled at 328.1 million Euros – edging higher by 9.7%
  • The adjusted operating profitability accounted for 198.8 million Euros – up by 12.1%
  • Earnings after minorities amounted to EUR 71.8 million – posting an increase by 39.3%

TERNA ENERGY Group posted an increase in turnover and profitability during the year 2020 compared to the corresponding period last year.

Despite the deterioration of the global economic conditions due to the COVID-19 pandemic, TERNA ENERGY Group maintains its financial robustness, having managed to ensure the health and safety of its employees. At the same time, the Group has taken all the necessary measures and actions in order to continue the smooth development of its main business activities by steadily implementing its investment plan and also by contributing towards the broader efforts of stabilizing the Greek economy and the level of employment.

The annual consolidated results of TERNA ENERGY for 2020 were reported as follows:

Consolidated sales amounted to 328.1 million Euros compared to 299.1 million Euros in 2019, advancing by 9.7%. Analytically:

Income from the electricity production sector amounted to 273.4 million Euros compared to 237.3 million Euros in 2019, increased by 15.2%. Sales from the division of electric energy trading amounted to 35.9 million Euros, up from 37 million in the previous year. The turnover of the construction activity of TERNA ENERGY amounted to 26.7 million Euros recording a decrease of 44.3% compared to the year 2019. Out of the total turnover, an amount of 5.5 million Euros concerned external customers. Revenue from the concessions’ division amounted to 13.3 million Euros compared to 10.4 million Euros in the previous year.

Total earnings before interest, taxes, depreciation and amortization (EBITDA)1 amounted to 194.7 million Euros compared to 182 million Euros in 2019, increased by 7%. The adjusted EBITDA amounted to € 198.8 million compared to 177.4 million Euros in 2019, increased by 12.1% compared to the year 2019 due to the increase of the installed capacity. Total earnings before interest and taxes (ΕΒΙΤ)1 amounted to 129.6 million Euros compared to 125.5 million Euros in 2019 edging higher by 3.27%. Earnings before taxes amounted to 90 million Euros, compared to 69.6 million Euros in 2019, increased by 29.2%. Net earnings after minority interests amounted to 71.8 million Euros compared to 51.6 million Euros in 2019 higher by 39.3%.

The net debt position1 of the Group (bank debt minus cash & cash equivalents) at the end of the year amounted to 613 million Euros compared to 716.3 million Euros in 2019, mainly due to the sale of the wind park “Mountain Air” in the US. In particular, as it has been announced, on 15.07.2020 TERNA ENERGY proceeded with the sale of the 138 MW wind park “Mountain Air”, located in the state of IDAHO, in the USA, to Innergex Renewable Energy Inc. It is worth noting that the operating profit (US GAAP-based) of the project in 2019 amounted to 17.6 million US dollars (EBITDA 2019). The sale resulted into a profit (IFRS-based) amounting to 27.5 million Euros.

Regarding the unprecedented extreme weather conditions of February 2021 in the State of Texas, US, and concerning their impact on the Group’s business activities, the Management of the Group moved quickly and took all the required actions from the first moments of this natural phenomenon. Throughout the period, meaning from the natural phenomenon that occurred and until the date of approval of the attached financial statements, there are daily discussions carried on with increased intensity with all stakeholders (Hedge Providers, Tax Equity Investors and Lender among others) in order to minimize the adverse effects on the Group. While these discussions are ongoing, the Management is considering the following three possible actions: (a) bringing an action before the competent courts and entering into a legal dispute with the Hedge Providers over “Liquidated Damages invoices”, which cover the period from 13 to 19 February 2021, the total amount of which reached to $179 million, (b) finding a mutually acceptable commercial solution to the dispute with the Hedge Providers, and (c) a Class B interests-based divestment, which would lead to the recognition of an accounting loss in the consolidated financial results that is estimated at approximately $115 million. The Management, at the date of approval of the attached financial statements, is in consultation with the Group’s legal advisors in order to minimize the adverse effects on the Group and at this point no final decisions have been taken.

Despite the deterioration of the global economic conditions due to the COVID-19 pandemic, TERNA ENERGY Group maintains its financial robustness, having managed to ensure the health and safety of its employees. At the same time, the Group has taken all the necessary measures and actions in order to continue the smooth development of its main business activities by steadily implementing its investment plan and also by contributing towards the broader efforts of stabilizing the Greek economy and the level of employment.

In total, TERNA ENERGY Group has more than 1,800 MW in operation, under construction or ready for construction in Greece, the USA, Central and Eastern Europe. Specifically, the Group has installed 728 MW in Greece, 513 MW in the USA and 132 MW in the Southeastern Europe, while it has under construction or ready for construction RES facilities with a total capacity of 430 MW in Greece and abroad.

With regard to the total installed capacity TERNA ENERGY has the target to reach 3,000 MW within the next five years.

(1) The alternative performance measures (APM) were determined in the same manner as in note 6 of the Annual Financial Report for the period 01/01/2020-31/12/2020.

Information:
Investor Relations: Aristotelis Spiliotis, tel. + 30 210 696800, tspiliotis@terna-energy.com
Press Office & Public Relations: Danai Kalantidi, tel. +30 210 6968000, dkalantidi@gekterna.com


https://www.terna-energy.com/financial-press-release/terna-energy-group-annual-financial-results-2020/

As Commercial Industrial Company of Computers and Toys S.A. (ASCO) EBITDA 2007-2020


AS Company SA - DIVIDENS & CAPITAL RETURNS


Tuesday, April 27, 2021

Όμιλος ΤΕΡΝΑ ΕΝΕΡΓΕΙΑΚΗ: Ετήσια Αποτελέσματα 2020



Στα 328,1 εκατ. ευρώ οι ενοποιημένες πωλήσεις – αύξηση κατά 9,7%

Στα 198,8 εκατ. ευρώ η προσαρμοσμένη λειτουργική κερδοφορία – αύξηση κατά 12,1%

Στα 71,8 εκατ. ευρώ τα καθαρά κέρδη μετά τα δικαιώματα μειοψηφίας – αύξηση κατά 39,3%

AS Company SA -EPS


Monday, April 26, 2021

ΕΥΑΤΗ: Works began today at Junction K16



Works began today at Junction K16 for the completion of the long-term incomplete sewerage network of the “low” areas of Western Thessaloniki, which will be connected to the Central Sewerage (KAA) and the Thessaloniki Wastewater Treatment Plant (EELTH). This is an important environmental protection project, which will connect the sewerage network in the area of ​​Dendropotamos with the EELTH.

The specific works concern the passage of a twin (double) pipeline from the area of ​​Junction K16, which will lead the urban wastewater of the “low”, western areas to the Thessaloniki Wastewater Treatment Plant, to the area of ​​Sindos. The construction and operation of this twin pipeline will finally enable the full operation of the existing system of pipelines and pumping stations that could not be connected to the KAA, draining sewage into Dendropotamos and burdening the area environmentally.

The total budget of the project, which is expected to be completed within 2021, amounts to 6 million euros (excluding VAT), of which 2.9 million are financed by EYATH SA. and 3.1 million from the Region of Central Macedonia. In addition to the construction of the twin pressure pipeline 1,700 m long and 1 m in diameter in K16, a series of accompanying sewerage works have already begun, such as the upgrade of two pumping stations of EYATH, with the help of which the wastewater will be transferred to the Central Sewerage Pipeline in the area of ​​Pontou Street.

“With the work of the twin sewer pipeline and the accompanying works at Junction K16, which we are implementing together with the Region of Central Macedonia, we achieve after more than 30 years the… self-evident: to end all the wastewater of the Thessaloniki Urban Complex up to the Treatment Plant “, Pointed out the CEO of EYATH, Anthimos Amanatidis. “This is an environmental protection project in Western Thessaloniki, a project that will substantially improve the quality of life of the residents of the area. The completion of our sewerage network, however, is at the same time the satisfaction of a constant request, a long-standing claim of the senior executives of EYATH, but also of its previous administrations, for the overall treatment of wastewater for the benefit of public health and the environment. “With this project, the sewerage service in the area of ​​Dendropotamos is restored, pollution incidents are prevented and the Thermaikos gulf is protected”, he added.

The sewerage network in the so-called “low” areas of the western part of Thessaloniki (ie those located around the port) was built in the 1990s by the then Ministry of Environment, Physical Planning and Public Works and the then EYDE Water Supply, Sewerage and Wastewater Treatment of Greater Thessaloniki (today, EYDE ). EYATH received and connected this network to its sewage system, but up to the area of ​​Dendropotamos, as the second branch of KAA that would lead the wastewater to biological treatment, a project under the sole responsibility of the Greek State, had not been built.From right to left, the general director of EYATH, Nopi Theodoridou, the chairman Agis Papadopoulos, the managing director Anthimos Amanatidis and the project manager A. Mentes, at the beginning of the works at the junction.

AS COMPANY REVENUE (2005-2020)

 


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ΑS COMPANY ROMANIA: Financial Results for the year ended 31-12-2020

 

Friday, April 23, 2021

Wells Fargo DIVIDEND 1995-2020

Wells Fargo DIVIDEND 1995-2020

Dividend (USA)



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The financial and technical analycies presented on this website have not been performed by an Investment Services Company, nor have they been compiled by a certified analyst . It is simply a display and presentation of public data of Greek and foreign shares with informative and entertaining character.


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