The management of the Aktor group forecasts a turnover of €1.48 billion and operating profits of €200 million for this fiscal year, as the process of strengthening operational activities with new participations and companies advances at a rapid pace.
Read: AKTOR Group: Building subsidiaries in construction and concessions
As stated on the sidelines of the group’s annual general meeting, the chairman and CEO of the listed company, Alexandros Exarchou, “the acquisition of Prodea Investments’ real estate portfolio is expected to be completed by the end of July, while the acquisition of Aktor Concessions is expected to be completed by mid-August”.
With these moves, the company will have implemented 50% of its investment program, having invested a total of €1 billion out of the total €2 billion.
At the same time, by the end of September, the corporate transformation will be completed with the establishment and operation of the group’s five individual subsidiaries in the sectors: construction, renewable energy, real estate, participations and facility management.
Detailed announcement
During the annual General Assembly and in the context of the press briefing that followed, the Chairman and CEO of the AKTOR Group, Alexandros Exarchou, presented the significant progress made in the Group, just one year after the acquisition of AKTOR.
AKTOR’s strategic comeback
Mr. Exarchou spoke about the “awakening of the AKTOR beast”, emphasizing its successful integration into the Group, its operational recovery and its return to a leading role in the domestic construction market.
He emphasized the company’s ability to deliver complex technical projects within strict schedules, citing indicatively the completion of the Thessaloniki Metro and the completion of the Patras-Pyrgos project within 18 months.
Strong financial figures
The consolidated turnover for 2024 amounted to €1.3 billion, with gross profit of €124 million and EBITDA of €89 million.
The Group has a backlog of €4.8 billion, cash available of €149 million and equity of €173 million.
The Group’s market capitalization now stands at €1.1 billion, placing the company in the Large Cap category of the Athens Stock Exchange.
A turnover of €1.48 billion and EBITDA of €200 million is the Group’s target for 2025.
Human resources – Heart of the recovery
Special reference was made to AKTOR’s people, with Mr. Exarchou expressing his gratitude and pride for the 5,600 “Aktorians” as he characteristically referred to them, who demonstrate their dedication and corporate consciousness, putting their “soul” into construction sites and making the impossible possible. The “Aktorians” can carry out these important projects and give AKTOR the position it deserves.
Next steps – Corporate transformation
Mr. Exarchou confirmed the completion of the corporate transformation by September 2025, with the creation of five subsidiaries (Construction, Participations, Renewable Energy, Real Estate, Facility Management), within the framework of a more flexible and transparent structure.
The goal is to further enhance operational efficiency, strengthen stable cash flows and establish the Group as one of the strongest in the country.
Construction – Infrastructure
Mr. Exarchou, responding to journalists’ questions, also referred to the Group’s significant projects, mentioning for example the student residences in Crete for which he stressed that they are progressing very satisfactorily. Regarding AKTOR’s contract for the extension of the Thessaloniki metro to Kalamaria, Mr. Exarchou emphasized that the specific work will be completed within schedule, noting that there are 5 total contracts for the project, with different contractors, whose coordination is so far the biggest challenge.
Renewable energy
The Group’s mix in renewable energy projects is 60% wind – 40% solar. Mr. Exarchou mentioned the Group’s intention to invest significantly in storage projects (batteries), as corresponding planning is expected to exist at the state level.
Mr. Exarchou noted that there are several challenges regarding offshore wind farms, particularly due to the geographical and tourist character of the Greek coasts, stating that such an investment is treated as a long-term project that requires subsidies and technical maturity.
Financial instruments & Development
For the Group “development has no limits”, as it never stops examining new opportunities and seeking stable cash flows as well as financial instruments for further investments, while there is a clear strategic intention for expansion.
Institutional and regulatory framework of capital markets
Mr. Exarchou also referred to the benefits of the acquisition of the Athens Stock Exchange by Euronext, emphasizing the need for legislative reform in the capital market, as the new framework will give impetus to acquisitions, mergers and development.
