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Wednesday, May 26, 2021
Tuesday, May 25, 2021
Monday, May 24, 2021
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Saturday, May 22, 2021
Increase of the financial figures and number of employees in Q1 2021
European Reliance presented high pre-tax profitability at € 3.5 mil. in Q1 2021, comparing to € 1.6 mil. in Q1 2020.
More specifically:
The gross written premiums and related income presented 0.5% increase and amount to € 52.5 mil., vs. € 52.2 mil. in Q1 2020.
The Insurance Profit presented 33.4% increase and amounted to € 7.7 mil., comparing to € 5.8 mil. in Q1 2020.
The Total Equity presented 1.0% increase and amount to € 155.6 mil., vs. € 154.0 mil. in 2020.
The Solvency Capital Requirement strengthened by 4.2 percentage points and amounted to 178.81%, vs. 174.61% on 31/12/2020.
The Investment Portfolio amounted to € 414.9 mil., vs. € 412.5 mil. on 31/12/2020, presenting 0.6% increase.
The Mathematical Reserves and Technical Provisions amounted to € 318.4 mil., vs. 312.9 mil., on 31/12/2020, presenting 1.8% increase.
The Human Resources of the Company increased by 7 people, with total number of 446 employees, vs. 439 employees on 31/12/2020.
It is worth noting, that according to the figures of January – April 2021, the Gross Written Premiums presented 2.1% increase, comparing to the respective four months period
of 2020 and the operating expenses present slight decrease comparing to the aforementioned period of 2020.
The interested parties may read further information, in the Section Investor Relations.
Friday, May 21, 2021
Motor Oil (Hellas) (MOH.AT)-ACCOUNTS RECEIVABLE
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Thursday, May 20, 2021
investment vs speculation
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Wednesday, May 19, 2021
European Reliance:“My Portal” - A new insurance experience
European Reliance, within the framework of its digital transformation, completed the new Customer’s Portal “My Portal”, which offers to users a simple and specialized management experience with the Company.
“My Portal” is a useful tool for personalized services for the insured of European Reliance General Insurance Co. S.A., since, via the portal, users can be easily informed through a series of actions that are related to their Insurance Policy an especially their transactions with the Company.
In the menu of “My Portal”, the insured can perform a series of functionalities, at the time of their convenience, through their desktop, tablet or mobile phone, such as:
The management of the policy, payment of the insurance premiums, management of the standing order and receipt of documents related to the insurance policy.
Submission and monitoring of the request for a claim.
Finding the co-operating car stations and contracted medical institutions.
Expressing interest for new products and upgrade the current packages of policies.
Participation in the award scheme “Asfalistikos Goneas”.
Direct on-line communication with a representative of the customer service department.
In European Reliance, digital transformation means the introduction and implementation of new technologies, that simplify the procedures for the insured and add value to their transactions with the Company, through a pleasant navigation experience.
These new services that the Company offers, confirm the strategic objective of the Company, which is the continuous support and facilitation of the work of the Insurance Intermediary.
“My Portal” is available for natural persons and the only requirement for the subscription is the number of the Insurance Policy or the Circulation License Number of the vehicle and the T.I.N.
Tuesday, May 18, 2021
Motor Oil (Hellas) (MOH.AT): NET INCOME 2008-2020
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Monday, May 17, 2021
Motor Oil (Hellas) (MOH.AT) REVENUE 2007-2020
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High turnover for EYATH in 2020
EYATH maintained a consistently high turnover and dividend yield during the financial year 2020, a recessionary year for the turnovers of most companies due to the pandemic and the reduction of professional activities.
In particular, according to the data of the financial statements for the year 2020 that were presented today to the financial analysts, the group’s turnover amounted to 72 million euros compared to 72.7 million in the corresponding fiscal year, a decrease of 1.07 %. The cost of sales amounted to 44.3 million euros compared to 43.6 million in 2019, recording an increase of 1.54%. The group’s pre-tax profits reached 16.7 million euros compared to 20.65 million (decrease of 19.09%), while post-tax profits amounted to 11.9 million euros from 14.65 million, recording a decrease of 19,03%. The gross profit for the year reached 27.6 million euros compared to 29 million in the previous year (decrease of 4.98%). Also, the profit before interest, taxes, depreciation and amortization (EBITDA) of the group during the current year amounted to 22.6 million compared to 25.9 million euros, a decrease of 12.8%.
Also:
As of December 31st, 2020, the group’s cash and cash equivalents amounted to 81.9 million compared to 75.8 million on December 31st, 2019 (increase of 8.01%).
the proposed dividend (subject to the approval of the General Meeting of June) is € 0.223 / share and the dividend yield is 5.41%.
The expected reduction of industrial and professional consumption due to the pandemic, as well as the increased provision for charge-offs affected profitability, while energy costs also increased due to the reduction of the PPC consequence discount (from 15% to 5%).
“In 2020, we focused on the threefold, environment – society – corporate governance, we ensured the resilience of our operations, the health and safety policies of our employees and created a positive impact on the local community in conditions of health and economic crisis. Human-centered synergies and partnerships, such as the detection of viral load in wastewater in collaboration with the Aristotle University of Thessaloniki, the reduction of our water and environmental footprint in the up-coming years, the culture of sustainable development for the benefit of the local community and shareholders “As it is obvious, the whole planning and implementation of our projects run through us”, pointed out the president of EYATH, Agis Papadopoulos.
“In the previous financial year and having already gone through the 1st quarter of this year with the pandemic still in progress, we can say with certainty that we have succeeded in starting projects vital to EYATH and the daily life of our fellow citizens, from the expansion of the water refinery of Aliakmonas and the ongoing repair of the aqueduct of Aravissos to the completion of the remote control system of our urban network “, pointed out the managing director of EYATH, Anthimos Amanatidis.
As he pointed out in today’s presentation, EYATH’s investment projects to be done, also include the energy and operational upgrade of the “Aenea” Wastewater Treatment Plant in tourist areas (budget project of 7.7 million euros, with provision for the creation of a 800KW solar panels), the preparation for the operation of an integrated remote control system – remote supervision of sewerage pumping stations (budget project 1.4 million euros), as well as the implementation of an integrated customer service and pricing system (budget 4.9 million euros) for the full digital transition of the company .
Sunday, May 16, 2021
European Reliance General Insurance Company S.A. (EUPIC.AT) REVENUE & NET PROFIT
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"Master Class Personal Finance. eLearning Course How Money Works"Patience and Perseverance
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MYTILINEOS S.A. Announces the successful pricing of its inaugural green bond offering of €500 million Senior Notes due 2026
MYTILINEOS S.A. (“MYTILINEOS”), a leading industrial and energy company with internationally diverse assets and operations announces today the successful pricing of its inaugural green bond offering (the “Offering”) of €500.0 million aggregate principal amount of 2.25% senior notes due 2026 (the “Notes”), at an issuance price of 100%. The proceeds from the Offering will be used (i) to repay certain existing indebtedness, (ii) for general corporate purposes, and (iii) to pay fees and expenses in connection with the Offering. An amount equivalent to the net proceeds from the Notes will be used to finance or refinance, in whole or in part, Eligible Green Projects (including other related and supporting expenditures) in accordance with the company’s Green Bond Framework. The Offering is scheduled to settle on 28 April, subject to the satisfaction of customary closing conditions.
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