AKTOR is in a critical phase of complete restart, as stated by the group’s managing director, Alexandros Exarchou, during the General Assembly. This year marks a milestone for the company, as it signals the definitive exit from a period of intense questioning and the return to the top of the construction market. “A year ago, we heard criticism about AKTOR’s capabilities. Today, we prove that we can accomplish in 1.5 years what others need three years to complete,” he stated characteristically.
According to Mr. Exarchou, the company’s goal is for turnover to reach 1.48 billion euros in 2025, while EBITDA is projected at 200 million euros. Additionally, Alexandros Exarchou set a target for dividend distribution in 2026, which will relate to the 2025 financial year. With the Thessaloniki Metro as a milestone, the company will also complete its section on the Patras-Pyrgos axis in 20 days, demonstrating its technical superiority. Meanwhile, the Vonitsa-Lefkada road axis is expected to be completed within two months, and at BOAK – where Aktor is among the few contractors who have started work – construction sites are operating at intensive pace.
AKTOR: Exceptional performance for the Group in 2024
2024 closed with exceptional performance for the Group, as Mr. Exarchou noted – “projects worth 1.3 billion were executed, which proves our tangible technical capability.” Gross profit reached 124 million euros, EBITDA reached 89 million, while the unexecuted backlog amounts to 4.8 billion euros. The company’s net debt stands at 102 million euros and equity at 173 million euros. “Within one year, we managed to awaken the AKTOR beast. The company is now five times larger,” he stated characteristically. The planning for the next period includes significant developments. 2025 is characterized by Mr. Exarchou as a “difficult year,” as the corporate transformation is completed in September. The goal is for AKTOR to become the leading construction company in Greece in 2025.
On the subsidiaries front, the acquisition of Aktor Concessions is expected to be completed on August 15. Meanwhile, in the real estate sector, the transaction with Prodea is scheduled to close by July 31, forming a real estate portfolio worth 600 million euros. The company will participate in significant new contracts to be tendered, while also expanding its international activities, with a recent significant project award in Qatar, which will contribute to the company’s EBITDA formation. The new form of Aktor is expected to be completed by October 30. In the Renewable Energy Sources (RES) sector, the company has already secured a portfolio of wind and photovoltaic projects with total capacity of 280 MW by the end of 2024, aiming to reach 500 MW in operation by 2026 and an equivalent portfolio in “build to rent” projects. By 2028, the portfolio is expected to include 668 MW in operation. Additionally, investments in energy storage battery sector are planned for 2025. Cash flows from renewable projects are expected to strengthen substantially after the five-year period.
