ΕΛΛΗΝΙΚΟΣ ΟΙΚΟΝΟΜΙΚΟΣ ΟΔΗΓΟΣ- Greek Financial Directory - Icap 2012

2012

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European Association of Directory and Database Publishers

greek financial directory

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European Association of Directory and Database Publishers

Marketing Solutions

GREECE IN FIGURES 5

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H 2012 . . , 23.939 . . ICAP GROUP, . , . . , . Contributors The edition of Greece in Figures of Greek Financial Directory 2012 was made under the supervision of the economist Mr K.D. Aivalis, who also analysed the financial data of the 23,939 companies and prepared the report which follows. Contributions were made by Mrs Sophia Vossou, Publications Department, who prepared the data, Mrs Sissy Grigorakou, IT Department, Mrs Eleni Demertzi and Mr Markos Kontoes Economic & Sector Studies Department, who prepared the parts referring to Greeces and European Unions economic, social and demographic data.

Greece in Figures 2012 www.icap.gr

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TMHMA A : 2009-2010

SECTION A THE GREEK CORPORATE SECTOR: 2009-2010

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2010 1. . 12 , , . 2010. 2010. 4,5% , . . 12,5%, . . , . 23.939 , . ICAP Group. . 2010 , 10 2011. , 25.968. ICAP Group , : , , , . . , 23.179 , , 3,3% 2009, 162,9 . . , . , . 11,4% 31,8 . 19,5% 21,3% . 10 . , 4,7 . 2009 3,0 . 2010. , , . . , 3.858 , 2009 2010, , 55,6%, . , 6.736 , 2,5 .

: 2009-2010 ( )

( 000) 2009 2010 2009 2010 10.831 8.919.940 7.131.321 -1.788.619 2009 2010 1.754 -561.855 324.460 886.315 2009 2010 3.858 1.564.683 -2.756.857 -4.321.540 2009 2010 6.736 -5.178.400 -7.720.912 -2.542.512 23.179 4.744.369 -3.021.988 -7.766.357 2009/10 = 2009/10, 2009/10 = 2009/10

1 , .


4

2009 1,7 4,1 , 2010 : 1,2:1 2,4:1,0. , . 2009, 2010. , 0,3% 254,0 . 1,8% 107,4 . 2,1% 94,6 . 1,64. . 2010, 3,16% 4,99% . , -. .

: 2009-2010

( )

-20

-15

-10

-5

0

5

10

15

20

25

30

2009 2010

-

-

-

-

-

. , 250 .

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: 2009-2010

( )

-6

-4

-2

0

2

4

6

8


6

: 2009-2010

( .)

2009 2010 % 2009 2010 % 2009 2010 %

- 2.692 2.707 0,6 1.337 1.473 10,1 -6 -20 -211,5

- 837 816 -2,5 491 488 -0,7 10 -23 -338,4 64.585 65.198 0,9 45.467 47.683 4,9 1.250 -1.222 -197,8 - 25.852 27.433 6,1 12.188 12.972 6,4 1.129 943 -16,5

18.891 19.228 1,8 6.622 5.385 -18,7 -50 -527 -948,3

52.766 51.095 -3,2 67.057 61.784 -7,9 1.530 -45 -103,0

/-/ 13.333 13.716 2,9 3.306 3.171 -4,1 -176 -374 -112,5

/-/ 32.116 30.957 -3,6 13.048 12.572 -3,7 63 -1.511 -

43.556 42.822 -1,7 18.979 17.377 -8,4 996 -243 -124,4

254.628 253.972 -0,3 168.496 162.904 -3,3 4.744 -3.022 -163,7

519.239 511.670 -1,46 22.061 20.923 -5,2 479 -1.756 -466,2

14.843 16.460 10,9 4.476 5.105 14,1 187 215 14,8

/ 33.041 29.972 -9,3 2.143 1.390 -35,2 220 -1.907 -965,6

567.123 558.102 -1,6 28.680 27.418 -4,4 886 -3.448 -489,2

821.751 812.074 -1,2 197.176 190.322 -3,5 5.630 -6.470 -214,9 , 16,4% 943 . , 6,1% 27,4 . (7,5%) . , - 1,15. 12,96% 7,78% . , 2.078 . , 18,7% 5,4 . 29,5% 601 . , 50 . 527 . . , 1,8% 19,2 ., 5,1% 7,9 . , . , , 2010 . , 6.642 7,9% 61,8 . , , 45 ., 1,5 . : 3,2% 51,1 . . . - . , 2.914 4,1% 3,2 . , 17,5%, , 374 . 1,7:1. , 3% 13,7 . , . : 1,00, 0,92 24,79%.

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: 2009-2010 ( )

% % 2009 2010 2009 2010 2009 2010 2009 2010

- 14,94 14,19 -0,47 -1,33 0,70 0,71 1,18 1,25 - 17,49 10,71 1,95 -4,68 0,57 0,59 1,49 1,24 21,18 18,29 2,75 -2,56 0,57 0,60 1,33 1,23 - 14,77 12,96 9,26 7,27 0,51 0,52 0,97 1,07 12,88 11,16 -0,76 -9,78 0,55 0,58 1,45 1,40 21,33 20,20 2,28 -0,07 0,74 0,73 1,24 1,20 /-/ 28,83 24,79 -5,33 -11,81 0,49 0,50 0,96 0,92 /-/ 28,64 26,90 0,48 -12,02 0,68 0,67 0,98 0,80 22,86 22,34 5,25 -1,40 0,53 0,54 1,20 1,14 21,30 19,51 2,82 -1,86 0,60 0,61 1,23 1,16 = = = =

-. 797 3,7% 12,6 ., 63 . 1,5 ., . , 31,0 . , . 2,43 2,29 , . , . , 38,2%, . . , 2009 , Wind . . 5.586 : , , , , .. (. .1 ). 2010 . 8,4% 17,4 . 243 . , 1,7% 42,8 . , . . 21 5,2% 20,9 ., 10 , , 1,8 . 21 . , , 511,7 . 33,6 . , , . , 201 14,1% 5,1 . , 14,8% 215 . 20 . , 10,9% 16,5 . , . , 538 , , , .. 2010. 35,2% 1,4 . 220 . 2009 1,9 . , Marfin Investment Group. , , . .


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Introduction

The worsening macroeconomic condition took its toll on the performance of the Greek corporate sector3. Turnover dropped for the second year in a row and the sector plunged into the red. Eight of the 12 industries reported lower sales, while all, but insurance, suffered losses. Notably, banking was also in the red. In 2010 there was some progress towards fiscal consolidation, but the recession deepened. GDP shrunk by 4.5%, while a further dip in business confidence and the credit crunch led to sharper drop in investment spending. Unemployment jumped to 12.5%, while inflationary pressures intensified following VAT and other tax hikes. Last, the current account deficit shrunk, but remains at non-sustainable levels. The current edition of Greece in Figures provides a summary of the developments in the Greek corporate sector as reported in the balance sheets and income statements for the years 2009 and 2010. The data were compiled by ICAP Groups Business Information Division and include financial statements for 23,939 SA and Ltd companies. All financial statements were published within the time limits set by Greek law, which set as a deadline for reporting the 10th of June 2011. Last years edition included data from 25,968 companies. The difference between the 2010 and 2009 samples is due to delays related to (a) cost-cutting, which led some firms to publish their financial statements in the Government Gazette instead of the usual daily; (b) the financial difficulties faced by many businesses, which have made them postpone the publication of their 2010 financial statements. However, most of the missing firms are small and do not affect substantially the results. The corporate sector, exclusive of banking, insurance and finance, comprises 23,179 businesses. Their total turnover suffered a 3.3% drop in 2010, compared with the previous year and reached 162.9 billion. Most industries recorded drops in sales. The only significant exceptions were manufacturing and energy. Production costs also declined but not sufficiently to counterbalance the lower turnover. As a result, gross profits were 11.4% down to 31.8 billion and the overall gross margin was trimmed from 21.3% to 19.5%. For the first time in the last 10 years all non-financial sectors, apart from energy, were in the red. This was mostly due to disappointing gross profitability. Non-operating losses were also up, but their effect on overall losses was lower. Losses were widespread. The data in the next table are telling. Some 3,858 businesses, which were in the black in 2009, plunged into the red in 2010. They account for 55.6% of the dramatic overall change in net income. Moreover, 6,736 loss-makers reported increased losses by 2.5 billion.

Changes in Net Result: 2009-2010 (Exclusive of Banking, Insurance and Finance)

( 000)

Group Companies Pre-tax profits

2009 Pre-tax profits

2010 Change

P 2009 P 2010 10,831 8,919,940 7,131,321 -1,788,619 L 2009 P 2010 1,754 -561,855 324,460 886,315 P 2009 L 2010 3,858 1,564,683 -2,756,857 -4,321,540 L 2009 L 2010 6,736 -5,178,400 -7,720,912 -2,542,512 Total 23,179 4,744,369 -3,021,988 -7,766,357 P 2009/10 = companies reporting profits in 2009/10, L 2009/10 = companies reporting losses in 2009/10

In 2010, the ratio of profitable businesses to one loss-maker was 1.7, while the same turnover ratio was 4.1:1.0. In 2010 these ratios had dropped to 1.2:1 and to 2.4:1.0. If the recession continues, loss-makers shares will rise further. Following weak asset growth in 2010, total assets of the non-financial corporate sector were flat in 2010 to 254.0 billion. Current assets dropped by 1.8% to 107.4 billion. Moreover, the sectors total net worth was 2.1% down on its year earlier level to 94.6 billion. Liquidity dropped and debt to equity fell to 1.64. Return on equity (ROE) turned negative to 3.16%. This was true for all industries with the exception of energy.

3 For the purposes of this report, the sector comprises the SA and Ltd companies, which are included in the 2012 edition of Greece in Figures.

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Return on Equity of the Corporate Sector: 2009-2010 Distribution by Sector

(Exclusive of Banking, Insurance, and Finance)

-20

-15

-10

-5

0

5

10

15

20

25

30

2009 2010

Agriculture-f ishing

ManufacturingMining-quarrying

ConstructionEnergy and water supply

Hotels-restaurants

Trade Other services

Transport-communications

otal

Changes in ROE of different company size groups followed a similar pattern. The largest drop was recorded among large businesses with more than 250 employees.

Return on Equity of the Corporate Sector: 2009-2010 Distribution by Employment Category


-6

-4

-2

0

2

4

6

8


10

Turnover in agriculture and fishing increased by 10.1% to 1.5 billion, but the industrys 306 businesses suffered losses of 20 million. Total assets were flat at 2.7 billion. The economic performance of the small mining-quarrying industry, which includes only 111 businesses, worsened in 2010. Turnover was flat at 488 million, but the sector suffered losses of 23 million. Net worth was also down by 2.5% to 816 million.

Corporate Sector: Key Financial Variables 2009-2010

( .)

Sector Assets Turnover Pre-tax profits

2009 2010 % 2009 2010 % 2009 2010 %

Non-financial sector

Agriculture-fishing 2,692 2,707 0.6 1,337 1,473 10.1 -6 -20 -211.5

Mining-quarrying 837 816 -2.5 491 488 -0.7 10 -23 -338.4

Manufacturing 64,585 65,198 0.9 45,467 47,683 4.9 1,250 -1,222 -197.8

Energy-water 25,852 27,433 6.1 12,188 12,972 6.4 1,129 943 -16.5

Construction 18,891 19,228 1.8 6,622 5,385 -18.7 -50 -527 -948.3

Commerce 52,766 51,095 -3.2 67,057 61,784 -7.9 1,530 -45 -103.0

Hotels-restaurants 13,333 13,716 2.9 3,306 3,171 -4.1 -176 -374 -112.5 Transport-communications

32,116 30,957 -3.6 13,048 12,572 -3.7 63 -1,511 -

Other services 43,556 42,822 -1.7 18,979 17,377 -8.4 996 -243 -124.4

Total 254,628 253,972 -0.3 168,496 162,904 -3.3 4,744 -3,022 -163.7

Financial sector

Banking 519,239 511,670 -1.46 22,061 20,923 -5.2 479 -1,756 -466.2

Insurance 14,843 16,460 10.9 4,476 5,105 14.1 187 215 14.8

Other financial 33,041 29,972 -9.3 2,143 1,390 -35.2 220 -1,907 -965.6

Total 567,123 558,102 -1.6 28,680 27,418 -4.4 886 -3,448 -489.2

Grand total 821,751 812,074 -1.2 197,176 190,322 -3.5 5,630 -6,470 -214.9

Manufacturing with 4,347 businesses, was one of the few industries which managed to increase turnover. It rose by 4.9% and reached 47.7 billion, mostly thanks to oil refining and basic metals, which enjoyed double digit sales growth. However, the faster rise in costs led to a sharp 9.5% drop in gross profits to 8.7 billion. This, together with the widening of non-operating losses, pushed the industry into the red. Losses amounted to 1.2 billion, compared with pre-tax profits of 1.3 billion a year earlier4. Losses were widespread: in 2010 32.0% of manufacturing firms were loss-makers, while in 2010 their share had risen to 41.4%. Total and net fixed assets remained almost flat at 65.2 billion and 32.9 billion respectively, while net worth fell by 5.5% to 25.1 million. As a result, debt to equity increased from 1.38 to 1.56 and liquidity worsened. The gross margin dropped below 20% and ROE was negative. Energy and water was the exception in the general downturn of the corporate sector. Total sales and assets of the 398 businesses increased at healthy rates and it was the only industry which remained in the black. In detail, turnover reached 13.0 billion, 6.4%, up from their year earlier level. However, increased depreciation charges and production costs reduced profits by 16.4% to 943 million. Total assets increased 6.1% to 27.4 billion, while net fixed assets increased faster (7.5%). Asset growth was financed mostly by fresh debt, which increased the debt-equity ratio to 1.15. The gross margin and ROE were trimmed to 12.96% and 7.78% respectively. The continuing decline in construction activity and the credit crunch have taken their toll on the construction industry. The total sales of the 2,078 firms dropped for a second year in a row, by 18.7% to 5.4 billion. Gross profits were 29.5% down to 601 million. As a result, losses widened from 50 million to 527 million. It is notable that the number of loss-makers to profitable companies was almost equal. Total assets increased by a mere 1.8% to 19.2 billion, but total net worth dropped by 5.1% to 7.9 billion. As a result, the debt to equity ratio increased and liquidity, activity and profitability ratios worsened.

4 However, a large part of this reversal was due to Alapis SA, which suffered losses of 920 million in 2010, compared with pre-tax profits of 70 million in 2009.

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The downturn in commerce, the largest sector by turnover and number of businesses continued in 2010. Total turnover of the sectors 6,642 SA and Ltd companies dropped by 7.9% to 61.8 billion. Despite the trimming of administrative, marketing and selling expenses, the deep cut in gross profits plunged the industry to the red. Losses were 45 million, compared with pre-tax profits of 1.5 billion a year earlier. Total assets declined by 3.2% to 51.1 billion. Total debt and net worth also recorded drops. Most financial indicators worsened.

Corporate Sector: Key Financial Ratios 2009-2010

(Exclusive of Banking, Insurance and Finance)

Sector Gross margin % Net margin % Debt to assets Current ratio

2009 2010 2009 2010 2009 2010 2009 2010

Agriculture-fishing 14.94 14.19 -0.47 -1.33 0.70 0.71 1.18 1.25

Mining-quarrying 17.49 10.71 1.95 -4.68 0.57 0.59 1.49 1.24

Manufacturing 21.18 18.29 2.75 -2.56 0.57 0.60 1.33 1.23

Energy-water 14.77 12.96 9.26 7.27 0.51 0.52 0.97 1.07

Construction 12.88 11.16 -0.76 -9.78 0.55 0.58 1.45 1.40

Commerce 21.33 20.20 2.28 -0.07 0.74 0.73 1.24 1.20

Hotels-restaurants 28.83 24.79 -5.33 -11.81 0.49 0.50 0.96 0.92

Transport-communications 28.64 26.90 0.48 -12.02 0.68 0.67 0.98 0.80

Other services 22.86 22.34 5.25 -1.40 0.53 0.54 1.20 1.14

Total 21.30 19.51 2.82 -1.86 0.60 0.61 1.23 1.16

The Greek hospitality industry faced another drop in turnover and increased its losses in 2010. The total sales of the 2,914 companies recorded a 4.1% drop to 3.2 billion. Gross profits fell by a sharp 17.5%. As a result, losses more than doubled to 374 million. The majority of the industrys businesses were in the red. However, total assets increased by nearly 3% to 13.7 billion. This increase was financed exclusively by debt, while net worth was flat. Most financial ratios worsened: Debt to equity was 1.00, liquidity 0.92 and the gross margin was trimmed to 24.79%. The important transport and communications sector suffered a drop in turnover and plunged into the red in 2010. The total sales of the 797 companies comprising the sector fell to 12.6 billion, a 3.7% drop from their year earlier level. The 2010 meager pre-tax profits of 63 million turned to heavy losses of 1.5 billion in 2010 largely because of the increase in administrative and selling expenses. Total assets dipped to 31.0 billion, while net worth increased slightly and debt fell. The debt to equity ratio improved from 2.43 to 2.29, but liquidity and profitability ratios worsened. There were, however, notable intra-sector differences. The air transport industry posted a 38.2% increase in turnover, but plunged deeper into the red. Both postal services and telecommunications suffered sharp drops in turnover. However, the former returned to the black in 2010, while the latter reported losses, largely because Wind SA, one of the leading Greek telecoms, plunged deeper into the red. Other services comprise 5,586 firms belonging in a multitude of different industries including real estate, information technology, leisure, health care, etc. (see Table A.1 below). In 2010 the sectors performance worsened. Sales dropped by 8.4% to 17.4 billion, while the sector reported losses of 243 million, compared with pre-tax profits of nearly 1 billion in 2010. Total assets fell by 1.7% to 42.8 billion. Net worth also decreased but debt remained flat. The Greek banking system continued to be in turmoil in 2010. Total revenues of the 21 banks dropped by 5.2% to 20.9 billion. For the first time in at least 10 years the overall banking system was in the red to the order of 1.8 billion. Only eight of the 21 banks remained in the black. In addition, total assets and net worth declined to 511.7 billion and 33.6 billion respectively. Despite the recession and the financial turmoil, the insurance industry reported higher turnover, profits and assets. Total sales of the 201 insurers increased by a hefty 14.1% to 5.1 billion. Pre-tax profits rose slightly faster and reached 215 million. More than one third of the top 20 insurers reported increased net income. Total assets also increased by 10.9% to 16.5 billion. This increase was financed mostly by debt, while net worth decreased.


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Last, the other financial services sector includes 538 businesses in leasing, brokerage and other industries. Total turnover decreased by a hefty 35.2% to 1.4 billion, while the sector posted losses of 1.9 billion, compared with pre-tax profits of 220 million in 2010. This reversal, however, was largely due to the poor performance of Marfin Investment Group, a holding company. Moreover, total assets and net worth decreased. Konstantinos D. Aivalis Economist

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.1 NACE

.1 Classification of Economic Activity by NACE

/Section / Sector K / Code / Companies

.I Agriculture and fisheries A,B A,B 306

Agriculture

01, 02 210

Aquaculture

03 96

.II Mining and quarrying

C 111

05, 06, 07, 08, 09 2, 2, 7, 100, 0

.III Manufacturing D 4.347

- Food-beverages

10, 11 1.057

Tobacco products

12 17

Textiles 13 167

Clothing

14 240

Leather 15 48

Wood 16 93

Paper

17 129

- Publishing-printing 18, 58 398

Oil refining 19 33

Chemicals 20 223

Pharmaceuticals 21 69

- Rubber-plastic products

22 227

Non-metallic mineral products 23 386

Basic metals 24 82

Metal products

25 418

/, & Computers, electronic & optical products 26 56

o Electrical equipment 27 134

- achinery, equipment 28 175

Vehicles 29 37

Other transport equipment

30 34

Furniture 31 163

Other manufacturing 32, 33 161

.V , Electricity, gas and water supply

E 398

35, 36 394, 4

.V

Construction

F 2.078

41, 42, 43 1.648, 233, 197


14

/Section / Sector K / Code / Companies

.VI , Trade G 6.642

Sale of motor vehicles

45 740

Wholesale trade

46 4.766

Retail trade

47 1.136

.VII

Hotels and restaurants

H

2.914

55, 56 2.392, 522

.VIII Transport and communications

I

797

Land transport

49 178

Water transport

50 30

Air transport

51 21

Auxiliary transport activities

52 486

Post

53 21

elecommunication 61 61

.IX Banking, insurance, and finance J 760

Banks

64 21

Insurance

65 201

Other financial services

66 538

.X Other services K, , , K, M, N, O 5.586

Real estate

68 1.630

Operational leasing

77 234

IT services

62, 63 479

Research and Development

72 7

Other business activities

69, 70, 71, 73, 74, 78, 79, 80, 81, 82

2.066

Education

85 223

Health

86, 87, 88 440

Environmental protection

37, 38, 39 77

, Recreation, culture and sporting

59, 60, 90, 91, 92, 93

350

Miscellaneous services

75, 95, 96 80

Total 23.939

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.2 : I: 2009-2010

( )

(000)

.2 Corporate Sector: Consolidated Balance Sheets: 2009-2010 (Exclusive of Banking, Insurance, and Finance)

(000)

/ Magnitude 2009 2010 %

/ Assets 254.628.248 253.972.288 -0,26

/ Net fixed assets 145.319.178 146.594.696 0,88

/ Participations 32.287.236 30.940.188 -4,17

/ Machinery & equipment 42.111.867 42.235.466 0,29

/ Current assets 109.309.070 107.377.592 -1,77

/ Inventories 24.969.499 24.299.977 -2,68

/ Receivables 66.908.103 67.029.864 0,18

/ Securities 861.150 2.828.280 228,43

/ Cash 17.431.468 16.047.751 -7,94

/ Liabilities 254.628.248 253.972.288 -0,26

/ Equity 96.665.313 94.604.025 -2,13

/ Shareholders' equity 61.237.918 65.086.090 6,28

/ Reserves 40.975.796 42.226.075 3,05

/ Provisions for liabilities & charges 4.886.036 4.163.146 -14,80

/ Liabilities 153.076.900 155.205.116 1,39

/ Long-term 62.258.359 59.203.562 -4,91

/ Short-term 90.818.540 96.001.554 5,71

/ Companies 23.179 23.179 0,00


16

.3 : : 2009-2010

( )

(000)

.3 Corporate Sector: Consolidated Income Statements: 2009-2010 (Exclusive of Banking, Insurance, and Finance)

(000)

/ Magnitude 2009 2010 %

/ Turnover 168.495.828 162.904.292 -3,32

/ Gross profits 35.897.251 31.790.543 -11,44

/ Administrative, distribution & selling expenses 30.392.919 31.595.347 3,96

, . / Interest charges, etc. 3.620.630 3.477.412 -3,96

/ Operating income 5.676.535 -245.447 -104,32

/ Non-operating income -565.687 -2.445.931 -332,38

/ Depreciation 7.323.813 8.386.636 14,51

/ Pre-tax profits 4.744.369 -3.021.988 -163,70

/ Companies 23.179 23.179 0,00

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.4 : : 2009-2010

( ) .4 Corporate Sector: Financial Ratios: 2009-2010

(Exclusive of Banking, Insurance, and Finance) / Indices 2009 2010

/ Capital structure and debt management (%) Fixed to total assets (%)

57,07 57,72

Debt to equity

1,58 1,64

Debt to assets

0,60 0,61

Times interest earned

2,31 0,13

/ Operating activity Total assets turnover

0,67 0,64

() Inventory turnover (days)

71 69

() Days sales outstanding (days)

113 112

() Payable deferral period (days)

90 91

/ Liquidity Current ratio

1,23 1,16

Quick ratio

0,94 0,90

Cash ratio

0,21 0,20

/ Return (%) Gross profit margin (%)

21,30 19,51

(%) Operating profit margin (%)

3,37 -0,15

(%) Net profit margin (%)

2,82 -1,86

(%) Return on equity (%) 4,99 -3,16

(%) Return on assets (%)

3,35 0,18

/ Employment ( 000) Net fixed assets per employee ( 000)

:

206

( 000) Assets per employee ( 000)

: 357 ( 000) Turnover per employee ( 000)

: 229 ( 000) Gross profits per employee ( 000)

: 45 ( 000) Net profits per employee ( 000)

: -4 / Companies 23.179 23.179


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.5 : : 2010 ( )

( 000)

.5 Corporate Sector: The Basic Magnitudes of Companies Reporting Profits and Losses: 2010 (Exclusive of Banking, Insurance, and Finance)

( 000)

Reporting Profits Magnitude Reporting Losses

139.453.823

114.518.465 Assets

74.717.715

71.876.982 Net fixed assets

64.736.109

42.641.483 Current assets

55.704.594

38.899.431 Equity

80.852.689

74.352.427 Liabilities

114.682.720

48.221.572 Turnover

25.307.433

6.483.110 Gross profits

7.408.469

-7.653.915 Operating income

7.455.781

-10.477.770 Pre-tax profits

12.585

10.594 Companies

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.6 : 300 : 2010

( 000)

.6 Corporate Sector: The Top-300 Companies: 2010 Ranked by Turnover

( 000)

Rank Company Turnover Assets Pre-tax profits

2009 2010 2009 2010 2009 2010

1 .. 6.172.586

7.681.580

4.152.507

5.203.922

219.014

247.753

HELLENIC PETROLEUM S.A.

2 .. 6.017.120

5.793.731

15.768.923

16.171.222

988.989

726.150

PUBLIC POWER CORPORATION S.A.

3

.... .. 5.222.199

4.937.530

1.233.186

1.145.990

938.884

893.238

O.P.A.P. GREEK ORGANIZATION OF FOOTBALL PROGNOSTICS S.A.

4 () .. 3.493.334

4.879.266

1.412.627

1.883.385

130.406

126.621

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.

5 .. 3.561.188

3.902.450

497.339

145.230

-63.271

-62.837

H.T.S.O. S.A.

6 .. 2.412.400

2.169.800

8.236.600

7.948.700

420.300

152.400

HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.

7 CORAL .. 1.539.311

1.920.748

369.606

385.753

-9.444

-31.542

CORAL S.A.

8 .... 1.609.860

1.908.174

589.559

647.174

-1.545

16.475

EKO S.A.

9 COSMOTE .. 1.908.395

1.706.136

4.362.203

4.411.456

462.924

406.138

COSMOTE MOBILE TELECOMMUNICATIONS SERVICES S.A.

10 - .. 1.393.785

1.494.810

624.307

714.821

50.906

49.443

ALFA - BETA VASSILOPOULOS S.A.

11 .. 1.011.346

1.209.830

193.521

197.688

2.193

3.709

AEGEAN OIL S.A.

12 , . & ., ... 1.153.499

1.191.253

762.365

761.064

22.559

30.650

SKLAVENITIS, I. & S., S.A.

13 () .. 1.003.640

1.183.633

1.488.389

2.286.920

61.003

93.738

PUBLIC GAS CORPORATION OF GREECE (DEPA) S.A.

14 AVINOIL .. 878.791

1.128.851

188.510

229.713

2.806

502

AVINOIL S.A.

15 .. 656.396

828.258

138.131

145.469

4.910

3.043

ELINOIL S.A.

16 ... 721.902

789.268

396.088

404.504

32.364

-9.612

HELLENIC FUELS S.A.

17 WIND .... 1.054.575

787.403

2.656.256

1.498.302

-216.234

-1.212.963

WIND HELLAS TELECOMMUNICATIONS S.A.

18 REVOIL .... 581.080

762.784

68.134

111.304

4.334

3.223

REVOIL S.A.

19 , , .... 729.856

743.104

420.816

429.100

1.911

2.016

VEROPOULOS BROS S.A.

20 ..&.. 668.262

676.659

260.229

287.010

15.145

16.980

METRO S.A.

21 .. 513.595

636.382

70.019

79.356

838

564

ETEKA S.A.

22 , ., .. 602.181

634.632

409.349

466.266

15.312

15.297

MASOUTIS, D., SUPERMARKET S.A.

23 COCA - COLA .. 700.700

609.000

2.751.000

2.099.000

202.200

-500

COCA - COLA HELLENIC BOTTLING COMPANY S.A.

24 .. 408.104

596.952

692.861

743.555

-1.793

11.455

ELVAL HELLENIC ALUMINIUM INDUSTRY S.A.

25 ..

622.713 591.004 461.793 447.369 32.526 -18.679 AEGEAN AIRLINES S.A.


20

.6 () .6 (continued)


2009 2010 2009 2010 2009 2010

26 .... 677.597

583.372

403.437

371.562

5.404

880

GERMANOS S.A.

27 ... 627.580

535.671

744.699

794.029

36.707

6.294

AKTOR S.A.

28 () .. 570.592

521.113

924.987

739.668

-37.888

3.201

HELLENIC POST (ELTA) S.A.

29 .. 343.547

517.613

418.961

449.979

-13.251

-11.694

HALCOR S.A.

30 .. 268.145

489.805

417.526

638.683

40.116

98.255

METKA METAL CONSTRUCTIONS OF GREECE S.A.

31 .. 411.349

484.504

391.874

547.202

15.003

-19.936

PFIZER HELLAS S.A.

32 .. 427.348

476.918

776.392

817.485

33.815

30.167

ALUMINIUM S.A.

33 CYCLON .. 367.394

476.208

100.452

115.671

2.467

2.149

CYCLON HELLAS S.A.

34 & ... 463.101

465.683

132.983

100.120

19.774

13.045

PROCTER & GAMBLE HELLAS LTD

35 JUMBO .. 444.140

459.175

606.006

655.204

107.749

110.323

JUMBO S.A.

36 .. 448.302

440.794

471.984

366.722

102.467

78.785

ATHENIAN BREWERY S.A.

37 J & P - .. 476.055

439.710

1.116.391

1.061.221

6.861

10.233

J & P - AVAX S.A.

38 NOVARTIS (HELLAS) .... 439.854

416.754

231.516

253.707

11.584

-11.725

NOVARTIS (HELLAS) S.A.C.I.

39 .. 339.962

414.919

45.368

42.475

822

274

SILK OIL S.A.

40 .. 413.208

413.504

217.384

213.596

15.368

9.551

PENTE S.A.

41 - UNILEVER HELLAS .. 438.193

385.832

331.646

329.749

6.872

9.024

ELAIS - UNILEVER HELLAS S.A.

42 .. 397.548

379.009

825.218

841.460

40.402

2.524

DUTY FREE SHOPS S.A.

43 & .. 386.174

378.965

1.555.791

1.623.931

18.016

29.828

ATHENS WATER SUPPLY & SEWERAGE COMPANY S.A.

44 .. 450.092

370.696

1.698.167

1.592.864

79.847

39.361

TITAN CEMENT CO. S.A.

45 ... .. 587.557

370.302

206.350

140.586

5.390

3.898

ERGOSE S.A.

46 COMPUTERS .... 386.559

354.231

163.743

141.522

8.055

5.244

PLAISIO COMPUTERS S.A.

47 .. 507.724

351.224

449.481

742.277

28.610

-1.917

TERNA S.A.

48 . . 469.098

350.807

976.558

884.390

55.544

-19.916

HERACLES GENERAL CEMENT CO. S.A.

49 NESTLE .. 368.113

350.067

305.021

303.557

75.010

43.781

NESTLE HELLAS S.A.

50 .. ". "

349.790 338.763 1.565.457 1.439.722 264.523 158.546 ATHENS INTERNATIONAL AIRPORT S.A. "ELEFTH. VENIZELOS"

www.findbiz.gr 2012

21



2009 2010 2009 2010 2009 2010

51 () .. 345.895

336.777

435.725

416.113

-18.225

30.652

GREEK RADIO TELEVISION (ERT) S.A.

52 OLYMPIC AIR .. 63.294

333.987

151.779

309.510

-81.245

-79.648

OLYMPIC AIR S.A. AIR TRANSPORTS

53 .. 376.865

322.017

306.629

272.764

63.661

18.982

VIANEX S.A.

54 SANOFI - AVENTIS .E.&B.. 402.957

319.468

291.556

249.703

63.875

39.413

SANOFI - AVENTIS S.A.

55 ALAPIS .... 479.671

313.487

3.311.971

2.178.291

69.939

-920.141

ALAPIS S.A.

56 , , ..... 224.982

311.828

10.306

11.855

525

-322

HERMES S.A.

57 , . ., .. 358.399

307.432

82.382

59.591

2.529

2.973

MARINOPOULOS, K. P., S.A.

58 FRIESLANDCAMPINA .. 264.499

295.620

95.333

124.639

1.017

1.618

FRIESLANDCAMPINA HELLAS S.A.

59 KOSMOCAR .. 546.954

292.784

230.371

206.876

16.594

6.099

KOSMOCAR S.A.

60 SOVEL .. 239.439

292.506

372.314

353.010

-20.475

-12.144

SOVEL S.A.

61 .. 252.322

282.904

449.940

599.172

-1.833

-15.154

MOREAS S.A.

62 HOUSE MARKET .. 297.204

279.612

196.221

188.536

38.006

21.708

HOUSE MARKET S.A.

63 .. 233.145

272.268

431.059

503.928

-27.118

-14.970

HELLENIC HALYVOURGIA S.A.

64 . ... 289.577

261.301

83.048

73.818

3.994

3.212

THESSALONIKI PHARMACIST SUPPLYING COOP. L.L.C.

65 PRAKTIKER HELLAS .. 274.979

258.024

112.279

100.731

24.919

20.163

PRAKTIKER HELLAS TRADING CO. S.A.

66 .. 188.315

257.629

180.419

204.047

-1.669

39 HELLENIC CABLES S.A.

67 ROCHE (HELLAS) .. 327.443

256.643

561.130

577.179

-6.479

-25.712

ROCHE (HELLAS) S.A.

68 ... 303.918

254.321

17.602

18.216

990

745

MOBILE COMMUNICATION CENTER S.A.

69 .. 210.706

253.867

576.145

603.813

-33.012

-16.360

SIDENOR S.A.

70 .... 415.261

248.497

427.596

359.919

2.930

-24.816

SFAKIANAKIS S.A.

71 BOEHRINGER INGELHEIM .. 267.051

248.028

188.765

141.850

10.015

-2.761

BOEHRINGER INGELHEIM HELLAS S.A.

72 .. 184.691

247.818

9.722

10.675

1.757

-811

MYRTEA S.A.

73 ..&.. 292.117

245.745

109.595

116.158

4.427

7.297

SOYA HELLAS S.A.

74 BSH ... 263.356

242.750

142.560

135.803

12.065

-1.847

BSH IKIAKES SYSKEVES S.A.

75 NOTOS COM. ..

301.385 242.204 362.015 376.737 3.041 -7.989 NOTOS COM. HOLDINGS S.A.


22



2009 2010 2009 2010 2009 2010

76 DRACOIL .. 235.611

240.362

40.585

32.889

-1.467

-2.650

DRACOIL S.A.

77 .. 243.227

239.894

97.334

109.891

322

83 ARVANITIDIS S.A.

78 & .. 98.821

239.484

247.009

282.114

-105.494

6.411

LARCO GENERAL MINING & METALLURGICAL CO. S.A.

79 OTEGLOBE .. 203.768

237.644

276.719

280.654

4.791

4.837

OTEGLOBE S.A.

80 .. (....) 254.321

232.147

516.623

449.279

-3.651

-90.745

ANONIMI NAFTILIAKI ETERIA KRITIS S.A. (A.N.E.K. LINES)

81 GLAXOSMITHKLINE A.... 298.408

226.970

281.635

215.049

19.532

-34.215

GLAXOSMITHKLINE S.A.

82 .. 248.552

226.662

1.204.109

1.254.755

85.795

70.555

ATTIKI ODOS S.A.

83 ... 316.897

222.261

669.185

433.436

87.699

-7.872

PAPASTRATOS CIGARETTE MFG CO. S.A.

84 , ., ..&.. 184.544

220.578

25.241

26.821

49

20 KOUTLAS, N., S.A.

85 ASTRAZENECA .. 257.201

220.530

94.217

102.584

10.721

-19.225

ASTRAZENECA S.A.

86 ... 279.397

220.417

503.821

502.712

8.261

-5.581

ATHENS MEDICAL GROUP S.A.

87 .. 251.439

218.995

418.476

429.473

36.751

-22.114

GENESIS PHARMA S.A.

88 DIAGEO HELLAS .. 226.952

218.944

127.118

146.245

14.646

7.219

DIAGEO HELLAS S.A.

89 .E. 153.016

218.529

9.992

13.038

961

1.472

RAYZONE HELLAS S.A.

90 .. 220.145

214.958

1.411.094

1.385.738

33.784

52.733

HELLENIC GAS TRANSMISSION SYSTEM OPERATOR S.A.

91 FORTHNET .. 169.297

214.739

602.833

618.717

-26.858

-19.264

FORTHNET S.A.

92 .. 237.990

213.920

313.026

234.140

14.285

-15.803

FAGE DAIRY INDUSTRY S.A.

93 .. 812

212.453

811

500.019

-84

-41.586

DELTA FOODS S.A.

94 INTRACOM .. 234.256

211.009

527.257

510.302

-3.888

-4.247

INTRACOM S.A. TELECOM SOLUTIONS

95 .. 201.347

203.487

99.947

108.214

2.986

5.864

SOYA MILLS S.A.

96 , ., .. 234.060

201.447

133.350

107.665

1.016

972

STROUMSAS, I., PHARMACEUTICALS S.A.

97 . ... 239.598

195.524

71.981

57.763

3.931

3.230

PHARMACISTS SUPPLYING COOP. OF ATTIKA L.L.C.

98 (....) .. 261.228

194.348

191.340

187.060

-26.180

-27.414

HORSE RACING ORGANIZATION OF GREECE S.A.

99 MULTICHOICE HELLAS ... 193.744

192.343

106.339

137.536

6.987

14.156

MULTICHOICE HELLAS S.A.

100 ....

218.849 192.158 147.758 146.388 19.357 9.045 PHARMASERVE LILLY S.A.C.I.

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23



2009 2010 2009 2010 2009 2010

101 HELLAS ONLINE .. 146.735

190.801

384.238

367.712

-45.220

-30.243

HELLAS ONLINE S.A.

102 BP .. 127.462

189.651

82.477

81.097

10.649

5.402

BP OIL HELLENIC S.A.

103 .. 163.020

185.180

480.355

475.475

6.191

-39.276

NIREUS AQUACULTURE S.A.

104 .. 183.987

183.442

137.044

143.312

1.577

-8.281

MEVGAL S.A. - DAIRY PRODUCT INDUSTRY

105 ABBOTT LABORATORIES () .... 191.350

182.981

279.520

284.528

13.862

-30.096

ABBOTT LABORATORIES (HELLAS) S.A.

106 .. 147.676

182.844

275.665

258.806

-47.592

-34.182

HELLENIC SUGAR INDUSTRY S.A.

107 ... & 153.588

176.349

18.052

19.150

1.026

1.253

MOUHALIS S.A.

108 JOHNSON & JOHNSON ..&.. 191.253

174.114

282.661

266.789

8.271

-31.158

JOHNSON & JOHNSON HELLAS S.A.

109 .. 94.820

171.554

23.370

24.372

4.911

4.070

SEKA BUNKERING STATIONS S.A.

110 .. 254.425

170.292

269.567

210.647

-151.200

-32.422

SIEMENS S.A.

111 ... 171.118

169.232

647.721

612.826

42.420

-41.139

MINOAN LINES SHIPPING S.A.

112 MULTIRAMA .... 190.291

167.597

124.054

118.251

-4.355

-9.339

MULTIRAMA S.A.

113 ENERGA POWER TRADING A.E. 53.589

167.109

15.907

55.962

2.781

390

ENERGA POWER TRADING S.A.

114 .. 149.048

165.722

13.916

12.419

913

700

ARGOS NET S.A.

115 ... 187.316

163.946

56.675

51.229

1.181

3.062

PEIFASYN PHARMACEUTICAL COOP. OF PIRAEUS L.L.C.

116 .. 151.642

163.545

510.408

495.109

14.519

11.258

INTRALOT S.A.

117 .. .. 186.580

163.067

49.932

39.070

2.852

2.371

SYN.FA. S.A.

118 .. 145.906

162.304

397.169

399.372

-21.509

2.862

ATTIKI GAS SUPPLY CO. S.A.

119 BAYER ..E.E. 169.028

161.550

150.979

146.329

1.800

-9.206

BAYER HELLAS A.G.

120 SHELL & MOH .. 0

159.842

10.423

16.083

65

1.144 SHELL & MOH AVIATION FUELS S.A.

121 GALLON OIL A.B.E.E. 134.813

159.546

11.317

12.741

522

237

GALLON OIL S.A.

122 MERCEDES-BENZ ... 359.715

158.803

100.464

74.304

262

-17.343

MERCEDES-BENZ HELLAS S.A.

123 LOREAL HELLAS .. 191.292

156.977

82.220

64.011

27.508

18.127

LOREAL HELLAS S.A.

124 GENERAL MOTORS .. 228.275

153.812

65.398

25.694

12.078

-1.272

GENERAL MOTORS HELLAS S.A.

125 ..

116.259 151.807 107.952 127.451 712 886 SYMETAL S.A.


24



2009 2010 2009 2010 2009 2010

126 .. 193.944

150.358

265.651

298.421

83

-349 AEGEK CONSTRUCTION S.A.

127 EUROMEDICA .. 168.340

149.849

543.193

517.705

-26.688

-33.279

EUROMEDICA S.A.

128 CASH & CARRY .. 140.976

149.582

34.618

39.776

6.879

6.556

ENA CASH & CARRY S.A.

129 , . ., .. 271.873

145.879

198.774

191.860

5.433

-5.357

THEOCARAKIS, NIC. J., S.A.

130 .. 165.988

145.708

24.276

21.648

2.216

1.778

CHIQUITA HELLAS S.A.

131 MERCK SHARP & DOHME .. 165.810

145.183

243.225

258.837

7.691

-26.165

MERCK SHARP & DOHME S.A.

132 .. 145.138

144.953

329.811

275.199

26.884

34.840

KARELIA TOBACCO COMPANY INC.

133 FOURLIS TRADE .... 161.500

144.892

124.987

106.291

6.505

5.358

FOURLIS TRADE S.A.

134 .. 186.586

144.574

90.410

74.702

-2.575

-6.060

FIAT GROUP AUTOMOBILES HELLAS S.A.

135 AUTOHELLAS (HERTZ) .... 152.666

144.520

394.656

408.491

16.441

24.824

AUTOHELLAS (HERTZ) S.A.

136 BLUE STAR FERRIES .. 163.537

143.400

424.428

411.777

19.129

-7.106

BLUE STAR FERRIES MARITIME S.A.

137 .. 101.247

142.989

25.284

26.912

3.539

3.609

SEKAVIN BUNKERING STATIONS S.A.

138 .. 276.369

142.674

257.225

246.331

25.280

1.012

CORINTH PIPEWORKS S.A.

139 .. 145.046

140.099

270.298

302.218

-10.160

-2.122

ALUMIL S.A.

140 . . . 142.568

139.761

61.385

70.049

2.790

2.655

SYN. MELON IN.KA L.L.C

141 & .. 141.424

139.742

554.885

525.098

18.296

-62.199

HYGEIA DIAGNOSTIC & THERAPEUTIC CENTER OF ATHENS S.A.

142 ELPEDISON .. 38.189

139.141

472.631

560.672

-19.935

-3.258

ELPEDISON POWER S.A.

143 .. 134.930

138.637

582.995

583.271

-46.577

-48.619

HALYVOURGIKI INC.

144 .. 123.579

138.553

40.040

57.330

1.047

1.901

DIMITRIAKI S.A.

145 SPRIDER STORES ..&.. 155.010

138.003

158.098

124.502

760

-25.958

SPRIDER STORES S.A.

146 .... 197.196

137.614

870.811

883.753

1.565

-717

NEOCHIMIKI S.A.

147 .. 143.296

135.850

167.463

164.758

-2.068

-8.027

INTERBETON BUILDING MATERIALS S.A.

148 S&B .. 113.026

135.238

350.730

336.662

7.942

-5.470

S&B INDUSTRIAL MINERALS S.A.

149 HELLENIC SEAWAYS ... 156.289

134.837

419.812

411.328

17.487

-16.969

HELLENIC SEAWAYS MARITIME S.A.

150 BRISTOL - MYERS SQUIBB ..

166.541 134.466 105.012 89.625 24.093 190 BRISTOL - MYERS SQUIBB S.A.

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25



2009 2010 2009 2010 2009 2010

151 CROWN HELLAS CAN .. 139.676

134.268

174.473

179.868

11.741

11.186

CROWN HELLAS CAN PACKAGING MFRS S.A.

152 ... 151.454

133.738

99.569

97.691

-1.788

-18.343

ELECTRONIKI ATHINON S.A.

153 .. 147.315

133.444

111.245

81.399

20.095

2.199

KRAFT FOODS HELLAS S.A.

154 OLYMPIC .. 132.755

131.634

470.685

445.187

13.014

13.360

OLYMPIC S.A.

155 .. 141.873

131.123

142.532

153.731

1.436

-1.508

ELGEKA S.A.

156 ..&.. 135.752

130.012

118.675

124.408

13.549

11.627

ELANTHI INDUSTRIAL & COMMERCIAL SA OF FOODS

157

A.E. & "INTRAKAT" 152.180

129.797

226.633

197.574

4.188

3.981

INTRACOM CONSTRUCTIONS S.A. TECHNICAL & STEEL CONSTRUCTIONS "INTRAKAT"

158 PHARMACON - . .. 155.649

129.741

83.430

88.778

600

-596

PHARMACON - D. POLITIS S.A.

159 BIC .. 131.506

129.296

153.549

151.280

12.635

11.779

BIC VIOLEX S.A.

160 .. 61.156

128.864

18.880

23.393

1.258

3.603

ANAMET S.A.

161 BOLD/OGILVY & MATHER ... 141.235

128.119

83.778

71.118

3.305

2.159

BOLD/OGILVY & MATHER S.A.

162 SONY ERICSSON MOBILE COMMUNICATIONS HELLAS .. 167.847

127.689

35.413

22.382

4.354

2.344

SONY ERICSSON MOBILE COMMUNICATIONS HELLAS S.A.

163 .. 113.181

127.365

84.458

101.307

6.073

9.858

OLYMPUS LARISA DAIRY INDUSTRY S.A.

164 .. 114.566

126.948

88.825

98.725

-11.224

1.000

HELLENIC STEEL CO. S.A.

165 TASTY FOODS .... 122.191

126.536

72.006

68.750

7.429

8.332

TASTY FOODS S.A.

166 .. 161.933

125.946

83.267

69.656

2.821

452

VIAMAR S.A.

167 AEGEAN POWER .. 17.950

123.214

6.405

50.248

97

2.304 AEGEAN POWER S.A.

168 SIEMENS .. 86.838

123.109

43.355

97.099

1.656

-1.267

NOKIA SIEMENS NETWORKS HELLAS S.A.

169 .. 121.936

122.635

360.352

365.188

26.070

25.082

THESSALONIKI GAS SUPPLY CO. S.A.

170 JANSSEN-CILAG .... 151.345

122.375

196.423

167.919

4.905

-10.077

JANSSEN-CILAG PHARMACEUTICAL S.A.C.I.

171 COLGATE - PALMOLIVE (HELLAS) ...

128.424

122.213

50.174

46.561

23.590

21.687 COLGATE - PALMOLIVE COMMERCIAL (HELLAS) SOLE PARTNER

LIMITED LIABILITY COMPANY

172 - .. 122.665

122.120

48.652

54.627

6.387

6.712

ATTIKA MEATS VOUDOURIS - KONSTAS S.A.

173 .... 118.654

121.474

41.424

47.554

1.330

1.133

MARKET IN S.A.

174 .. 119.521

121.431

57.843

58.738

2.180

389

HALKIADAKIS S.A.

175 ..

119.756 120.126 131.806 134.449 5.778 6.358 TYRAS S.A.


26



2009 2010 2009 2010 2009 2010

176 ELPEN .. 132.891

118.938

158.977

134.677

14.574

8.217

ELPEN PHARMACEUTICAL CO. INC. S.A.

177 , ., .... 115.206

118.806

125.577

127.076

238

311

NITSIAKOS, TH., S.A.

178 FORD MOTOR .... 265.909

117.994

48.917

24.328

17.543

-3.812

FORD MOTOR HELLAS S.A.I.C.

179 .. 128.483

116.721

375.508

392.662

-38.325

11.234

PIRAEUS PORT AUTHORITY S.A.

180 SUNLIGHT .... 99.432

116.200

190.095

204.911

-9.568

-6.580

SYSTEMS SUNLIGHT S.A.

181 ... 120.410

115.663

104.914

96.836

1.493

298

FAMAR S.A.

182 ..E. 154.163

115.500

314.213

307.104

2.115

2.187

ATHENA S.A.

183 .... 87.143

114.225

186.082

207.731

4.005

728

DIAS AQUACULTURE S.A.

184 MERCEDES BENZ FINANCIAL SERVICES .. 293.843

114.003

134.466

103.256

2.608

-13.087

MERCEDES BENZ FINANCIAL SERVICES HELLAS S.A.

185 , . ., .... 80.104

112.934

82.893

107.741

3.519

9.048

PETTAS, N. P., S.A.

186 , . ., ..

116.999

112.580

155.750

159.686

14.093

13.083 PAPADOPOULOS, E. I., S.A. BISCUIT & FOOD PRODUCTS

MANUFACTURING COMPANY

187 .. 139.180

112.088

250.697

268.325

-602

-4.675

TELETYPOS S.A.

188 SOLUTIONS - LOGICOM .. 117.156

110.608

48.714

47.899

989

-247

ENET SOLUTIONS - LOGICOM S.A.

189 MAMA PRODUCTS .. 110.618

110.552

12.954

12.125

223

190

MAMA PRODUCTS S.A.

190 .. 102.706

106.675

34.427

38.588

4.136

5.681

OPTIMA S.A.

191 ..... 99.252

106.653

68.668

73.327

710

1.118

FLORIDIS S.A.

192 PEPSICO - ... 125.586

106.204

94.995

92.885

311

-22.363

PEPSICO - IVI S.A.

193 .. 123.235

106.119

140.676

127.142

36.679

24.813

PARNITHA CASINO S.A.

194 .... 139.646

104.749

87.272

68.212

-4.590

-1.895

PHILIPS HELLAS S.A.

195 .. 130.300

103.964

213.665

205.497

-6.746

-21.486

LAMBRAKIS PRESS S.A.

196 .. & & 106.057

103.955

121.461

120.498

4.757

2.946

ION COCOA & CHOCOLATE MANUFACTURERS S.A.

197 .. 102.434

103.882

72.839

71.727

1.997

3.536

DODONI S.A. AGRICULTURAL DAIRY INDUSTRY OF EPIRUS

198 HELLENIC QUALITY FOODS ... 102.367

103.605

192.140

182.756

66

-1.512 HELLENIC QUALITY FOODS S.A.

199 .... 24.837

103.405

7.591

44.961

248

1.352

VITA PI S.A.

200 YOUTRAVEL.COM ..

91.891 103.327 27.092 24.944 -26 1.009 YOUTRAVEL.COM S.A.

www.findbiz.gr 2012

27



2009 2010 2009 2010 2009 2010

201 .. 142.376

103.144

83.580

73.969

3.167

2.538

ERICSSON HELLAS S.A.

202 .. 98.710

102.692

124.042

150.053

-231.108

-187.303

TRAINOSE S.A.

203 NETLINK .. 81.525

102.624

3.972

4.509

259

390

NETLINK S.A.

204 LAVIPHARM ACTIVE SERVICES .. 131.579

101.990

50.732

40.632

-995

-1.181

LAVIPHARM ACTIVE SERVICES S.A.

205 - ... 75.662

101.222

5.593

8.014

1.981

423

EKO - KALYPSO SOLE SHAREHOLDER CO. LTD

206 .. 94.196

100.425

29.871

36.185

1.251

5.728

VITAFARM S.A.

207 CHIPITA .. 1.808

100.049

571

461.900

-17

-241.539

CHIPITA S.A.

208 .... 105.829

99.531

161.728

178.717

3.370

3.775

CRETA FARM S.A.

209 ELBISCO .... 98.639

99.172

150.799

160.935

2.047

-64

ELBISCO S.A.

210 IBM .. 112.741

99.094

77.805

58.383

16.580

11.098

IBM HELLAS S.A.

211 .... 89.325

98.666

122.153

158.833

10.143

9.891

PHARMATHEN S.A.

212 .... 86.831

98.625

136.264

146.014

8.460

9.817

PLASTIKA KRITIS S.A.

213 VESTAS HELLAS .. 205.893

98.472

310.854

222.609

-3.014

614

VESTAS HELLAS WIND TECHNOLOGY S.A.

214 BMW .. 238.309

98.149

78.796

69.233

2.908

-17.897

BMW HELLAS S.A.

215 ... .. 104.382

97.938

424.991

469.124

-327.640

-300.280

O.S.Y. S.A.

216 .. 113.243

97.521

33.531

32.712

842

672

ARGOS S.A.

217 .... 64.502

96.008

30.674

41.494

917

436

GAIA S.A.

218 BAZAAR .. 98.816

95.971

40.109

40.927

253

266

BAZAAR S.A.

219 .. 97.736

95.708

42.713

37.733

2.481

2.499

PAFARM PAPAZOGLOU BROS S.A.

220

FIRST DATA HELLAS & .. 109.323

95.641

279.907

253.072

4.704

-27.517

FIRST DATA HELLAS PROCESSING SERVICES & HOLDINGS S.A.

221 DEMO ..&.. 96.659

95.175

223.721

208.984

1.897

-6.381

DEMO S.A.

222 REGENCY ENTERTAINMENT & .. 115.677

94.901

1.119.329

691.248

-25.902

-446.501

REGENCY ENTERTAINMENT S.A.

223 , . & ., .... 106.292

94.887

110.927

106.008

1.435

-9.217

LEMONIS, F. & C., S.A.

224 TUI HELLAS .. 97.477

94.666

79.145

61.389

1.832

2.482

TUI HELLAS S.A.

225 ....

80.740 93.049 198.422 207.987 479 208 SELONDA AQUACULTURE S.A.


28



2009 2010 2009 2010 2009 2010

226 , ., .... 101.704

92.818

172.738

184.865

1.885

-3.056

SARANTIS, GR., S.A.

227 .. 81.083

92.793

41.246

45.560

419

121

PETROGAZ S.A.

228 . .. 100.374

92.687

436.266

492.020

17.594

7.028

LEAF TOBACCO A. MICHAILIDES S.A.

229 ABB .. 114.949

92.490

74.791

65.836

2.841

1.199

ABB S.A.

230 - ... 73.282

92.399

50.864

62.321

2.777

3.195

KALLAS - PAPADOPOULOS S.A.

231 HYUNDAI HELLAS . & . ..&.. 150.205

91.782

194.184

150.629

-1.472

-4.672

HYUNDAI HELLAS P. & R. DAVARI S.A.

232 NEXANS ... 68.037

91.747

51.783

68.618

-1.973

2.448

NEXANS HELLAS S.A.

233 F.G. EUROPE .. 117.220

91.445

115.527

94.880

13.307

7.063

F.G. EUROPE S.A.

234 .. 102.416

90.828

74.904

70.062

5.399

3.634

ATTIKA DEPARTMENT STORES S.A.

235 .. 104.792

88.587

37.605

25.315

1.049

1.873

DYNAMIC PHARMA S.A.

236 .. 92.359

87.943

146.235

149.389

27.338

21.277

BIOMEDICINE S.A.

237 .. 106.238

87.100

296.293

305.322

26.366

14.877

IASO S.A.

238 , . ., .... 95.556

87.026

98.811

98.997

3.478

1.086

NIKAS, P. G., S.A.

239 GEN-I ATHENS ... 5.291

86.867

1.891

17.080

132

128

GEN-I ATHENS SOLE SHAREHOLDER CO. LTD

240 ELECTRONET .. 99.668

86.413

28.393

24.577

870

451

ELECTRONET S.A.

241 IRIS .... 103.910

86.374

167.452

156.129

-321

-10.794

IRIS PRINTING S.A.

242 RECKITT A.B.&E.E. 93.826

85.930

42.195

38.942

18.452

15.556

RECKITT BENCKISER HELLAS CHEMICALS S.A.

243 A.C.S. .. 89.065

85.365

34.823

33.548

5.351

4.650

A.C.S. S.A.

244 ARTENIUS .. 65.290

84.606

45.119

51.525

-8.570

-1.042

ARTENIUS HELLAS S.A.

245 PHARMAGORA .. 87.915

84.283

68.626

66.514

150

2.212

PHARMAGORA S.A.

246 & .. 109.539

84.019

346.919

324.034

-1.684

-9.940

ELEFSIS SHIPBUILDING & INDUSTRIAL ENTERPRISES S.A.

247 .... 88.260

83.612

147.067

136.815

-15.758

-4.460

BITROS STEEL S.A.

248 .. 62.049

83.257

83.389

80.842

8.188

4.654

HELLENIC QUARRIES S.A.

249 .... ... 95.469

83.197

34.940

31.182

563

361

SY.F.A.K. L.L.C.

250 SPECIFAR ....

75.069 82.857 77.924 86.644 11.888 15.679 SPECIFAR S.A.

www.findbiz.gr 2012

29



2009 2010 2009 2010 2009 2010

251 PERNOD RICARD HELLAS .... 77.657

82.628

52.867

55.249

10.350

6.868

PERNOD RICARD HELLAS S.A.

252 AGROINVEST A.E... 72.419

82.439

123.615

125.498

-419

1.680

AGROINVEST S.A.

253 .. 84.156

82.164

113.811

110.548

-19.805

-12.555

STATHERES SYNGOINONIES S.A.

254 , . ., .... 62.200

81.735

343.901

307.893

-34.984

-71.525

MAILLIS, M. J., S.A.

255 .... 141.332

81.644

114.268

95.044

-575

-7.081

GENERAL AUTOMOTIVE CO. S.A.

256 .. 84.215

81.643

59.271

72.539

1.376

115

LIMPANTSIS S.A.

257 KARENTA .. 149.227

81.436

62.983

64.268

1.278

383

KARENTA S.A.

258 .... 70.146

81.166

43.580

44.688

6.478

10.939

SCHNEIDER ELECTRIC A.E.

259 MULTIFIN A.E.E. 153.719

80.624

186.070

137.419

6.255

3.869

PIRAEUS MULTIFIN S.A.

260 .. 74.707

80.444

84.798

73.000

15.527

15.775

IMAS S.A.

261 HELLENIC CATERING .. 84.300

79.745

67.156

67.257

7.131

6.412

HELLENIC CATERING S.A.

262 IMPERIAL TOBACCO HELLAS .. 93.197

79.500

92.457

112.332

9.473

5.980

IMPERIAL TOBACCO HELLAS S.A.

263 , , .. 39.190

79.310

39.782

40.605

251

1.317

NEONAKIS, ARCHIMEDES, S.A.

264 NUTRIART .... 91.438

79.259

170.002

127.786

-8.124

-38.031

NUTRIART S.A.

265 CITROEN .... 97.490

79.182

57.241

50.474

-923

-2.502

CITROEN HELLAS S.A.

266 J T INTERNATIONAL HELLAS .... 116.260

79.029

127.627

90.414

4.860

-16.823

J T INTERNATIONAL HELLAS S.A.

267 . . . .. 65.595

78.546

16.261

17.736

867

592

ARGO S.A.

268 .... 76.436

78.285

74.298

81.034

6.515

6.732

IFANTIS S.A.

269 EXPERT .. 147.041

78.238

75.437

43.755

896

19 EXPERT HELLAS S.A.

270 LION .. 130.059

77.762

142.544

118.136

-897

-5.878

LION HELLAS S.A.

271 .. 88.051

77.579

147.926

148.712

6.163

6.706

LOULIS MILLS S.A.

272 .. 90.942

77.328

53.452

50.190

843

98 EUROPE S.A.

276 , , .. 135.534

77.173

70.969

83.145

1.448

1.173

HALARIS BROS S.A.

274 ... 90.815

77.065

47.354

36.757

1.968

591

PHARMALUX LTD

275 ..

89.613 76.825 199.188 195.463 3.943 1.990 PERSEFS S.A.


30



2009 2010 2009 2010 2009 2010

276 .. 72.276

76.747

33.693

40.547

1.148

1.234

PROMITHEFTIKI TROFIMON S.A.

277 SGB .. 69.161

76.409

109.534

95.262

-4.939

-7.142

SGB S.A.

278 , ., .. 70.415

75.597

45.256

47.578

4.333

766

KAFKAS, V., S.A.

279 .... 82.444

75.343

119.106

129.983

6.005

2.335

KLEEMANN HELLAS S.A.

280 ... .. 74.607

75.292

1.878.281

1.539.835

-63.261

-264.846

O.T.E. ESTATE S.A.

281 CADBURY HELLAS .. 82.744

75.269

40.092

32.379

15.628

13.221

CADBURY HELLAS S.A.

282 UNISYSTEMS ... 96.646

75.110

81.900

88.120

4.930

4.014

UNISYSTEMS INFORMATION SYSTEMS S.A.

283 , , .... 71.946

75.090

178.717

187.299

2.099

2.528

HAITOGLOU BROS S.A.

284 .. 82.679

74.914

458.018

724.316

0

-1.048 OLYMPIA ODOS S.A.

285 KMOIL .. 70.240

74.767

17.122

15.396

101

100

KMOIL S.A.

286 .... 76.538

74.526

133.555

140.327

-5.564

540

ELASTRON S.A.

287 .. 65.546

74.474

61.806

64.671

7.538

5.078

MYTHOS BREWERY S.A.

288 , , ..... 79.568

73.849

37.186

41.187

-3.054

602

TRIGONIS BROS S.A.

289 WESTNET DISTRIBUTION .. 80.715

73.680

40.413

34.021

-103

8 WESTNET DISTRIBUTION S.A.

290 OKTABIT .. 109.381

73.290

33.721

30.108

805

19 OKTABIT S.A.

291 .. 94.609

73.204

124.831

134.555

17.024

-8.687

MITERA S.A.

292 .. 53.052

72.415

42.531

63.855

687

560

KORE S.A.

293 .... 97.928

72.275

66.449

53.122

-6.580

-5.991

VELMAR S.A.

294 KUEHNE + NAGEL .. 75.828

72.112

37.674

31.671

-6.534

-3.067

KUEHNE + NAGEL S.A.

295 .. 61.761

71.905

113.913

116.124

-3.611

-3.161

EXALCO S.A.

296 .. 69.964

71.432

54.708

58.317

6.978

4.763

YIOTIS S.A.

297 .. 77.376

71.182

157.757

167.330

22.012

20.887

EYATH S.A.

298 ... 83.420

70.850

60.132

61.820

4.833

3.309

HONDOS ATINI S.A.

299 .. 76.138

70.747

139.877

145.054

-15.687

-5.293

SIDMA S.A. STEEL PRODUCTS

300 ..

68.163 70.649 45.375 48.745 3.028 1.444 MEGA DISPOSABLES S.A.

92.151.930 94.130.945 111.827.315 111.353.425 4.345.499 -742.234 Total

300

54,69 57,78 43,92 43,84 91,59 24,56 Top-300 share

www.findbiz.gr 2012

31

.7 300 : I: 2009-2010

(000)

.7 The Top-300 Companies: Consolidated Balance Sheets: 2009-2010 (000)

/ Magnitude 2009 2010 %

/ Assets 111.827.315 111.353.425 -0,42

/ Net fixed assets 71.354.899 70.714.771 -0,90

/ Participations 20.302.189 19.696.911 -2,98

/ Machinery & equipment 31.456.827 33.116.330 5,28

/ Current assets 40.472.416 40.638.654 0,41

/ Inventories 9.571.339 9.657.095 0,90

/ Receivables 23.797.027 24.134.705 1,42

/ Securities 175.335 997.635 468,99

/ Cash 7.104.050 6.846.853 -3,62

/ Liabilities 111.827.315 111.353.425 -0,42

/ Equity 40.192.144 38.969.930 -3,04

/ Shareholders' equity 17.378.467 18.511.070 6,52

/ Reserves 18.785.297 19.753.473 5,15

/ Provisions for liabilities & charges 3.672.349 3.233.671 -11,95

/ Liabilities 67.962.822 69.149.824 1,75

/ Long-term 31.571.944 27.939.561 -11,51

/ Short-term 36.390.878 41.210.262 13,24

/ Companies 300 300 0,00

: 2010 ( ) Shares in Corporate Sector Totals: 2010


Assets

Equity

Liabilities

300 The top-300 companies

43,8%

Other companies

56,2%


41,2%

Other companies

58,8%


44,6%

Other companies

55,4%


32

.8 300 : : 2009-2010 (000)

.8 The Top-300 Companies: Consolidated Income Statements: 2009-2010 (000)

/ Magnitude 2009 2010 %

/ Turnover 92.151.930 94.130.945 2,15

/ Gross profits 17.542.760 15.921.482 -9,24

/ Administrative, distribution & selling expenses 12.871.889 14.730.728 14,44

, . / Interest charges, etc. 1.382.023 1.357.417 -1,78

/ Operating income 4.758.534 1.039.029 -78,16

/ Non-operating income -230.229 -1.633.239 -609,40

/ Depreciation 3.516.269 4.505.789 28,14

/ Pre-tax profits 4.345.499 -742.234 -117,08

/ Companies 300 300 0,00



Turnover Gross Profits


57,8%

Other companies

42,2%


50,1%

Other companies

49,9%

www.findbiz.gr 2012

33

2009-2010:

SECTION B THE GREEK SA AND LTD COMPANIES IN 2009-2010:

ANALYSIS BY SECTOR AND INDUSTRY


34

. SECTION .

AGRICULTURE AND FISHING

/ Sectors NACE / NACE description / Code / Companies

A Agriculture and Fishing

, . Agriculture, hunting and forestry. Fishing - 306

Agriculture

, Agriculture, hunting and related service activities

01 210

Forestry and logging

02 0

Aquaculture

Fishing and aquaculture

03 96

www.findbiz.gr 2012

35

..1 : I: 2009-2010

( 000)

..1 Agriculture and Fishing: Consolidated Balance Sheets: 2009-2010 ( 000)

/ Magnitude 2009 2010 %

/ Assets 2.691.697 2.706.699 0,56

/ Net fixed assets 1.062.837 1.050.421 -1,17

/ Participations 197.170 162.855 -17,40

/ Machinery & equipment 396.417 300.545 -24,18

/ Current assets 1.628.860 1.656.278 1,68

/ Inventories 814.558 801.650 -1,58

/ Receivables 658.566 702.809 6,72

/ Securities 8.115 8.096 -0,23

/ Cash 155.736 151.819 -2,52

/ Equity and Liabilities 2.691.697 2.706.699 0,56

/ Equity 786.753 789.294 0,32

/ Shareholders' equity 579.455 597.753 3,16

/ Reserves 380.681 400.437 5,19

/ Provisions for liabilities & charges 10.097 7.364 -27,07

/ Liabilities 1.894.848 1.910.041 0,80

/ Long-term 536.492 637.546 18,84

/ Short-term 1.358.356 1.272.495 -6,32

/ Companies 306 306 0,00



Assets

Equity

Liabilities

Agriculture and Fishing

1,1%

Other Sectors

98,9%


0,8%

Other Sectors

99,2%


1,2%

Other Sectors

98,8%


36

..2 : : 2009-2010 ( 000)

..2 Agriculture and Fishing: Consolidated Income Statements: 2009-2010 ( 000)

/ Magnitude 2009 2010 %

/ Turnover 1.337.488 1.472.826 10,12

/ Gross profits 199.863 209.002 4,57

/ Administrative, distribution & selling expenses 169.711 179.714 5,89

, . / Interest charges, etc. 31.966 26.400 -17,41

/ Operating income 13.586 16.583 22,06

/ Non-operating income -18.534 -35.170 -89,76

/ Depreciation 62.941 63.730 1,25

/ Pre-tax profits -6.284 -19.573 -211,48

/ Companies 306 306 0,00





0,9%

Other Sectors

99,1%


0,7%

Other Sectors

99,3%

www.findbiz.gr 2012

37

..3 : : 2009-2010 ..3 Agriculture and Fishing: Financial Ratios: 2009-2010

/ Indices 2009 2010


39,49 38,81

Debt to equity

2,41 2,42

Debt to assets

0,70 0,71


0,80 0,26

/ Operating activity Total assets turnover 0,49 0,55


260 233


143 125


163 140


1,18 1,25

Quick ratio

0,59 0,63

Cash ratio

0,13 0,12


14,94 14,19


1,02 1,13


-0,47 -1,33

(%) Return on equity (%)

-0,64 -2,48

(%) Return on assets (%) 1,00 0,25


: 156


: 402

( 000) Turnover per employee ( 000)

: 219

( 000) Gross profits per employee ( 000)

: 31

( 000) Net profits per employee ( 000)

: -3

/ Companies 306 306


38

..4 : I: 20101

( 000)

..4 Agriculture and Fishing: Consolidated Balance Sheet: 20101

Distribution of Companies by Employment Category

( 000)

/ Magnitude / Employees

9 10-49 50-249 250+

/ Assets 259.263 647.188 649.617 1.078.796

/ Net fixed assets 123.728 272.420 214.615 403.566

/ Participations 36 9.171 41.711 111.771

/ Machinery & equipment 33.108 109.517 111.928 42.390

/ Current assets 135.535 374.768 435.002 675.230

/ Inventories 53.811 135.250 224.972 375.110

/ Receivables 68.816 192.542 175.960 244.998

/ Securities 691 6.028 339 4

/ Cash 12.908 46.977 34.070 55.122

/ Equity and Liabilities 259.263 647.188 649.617 1.078.796

/ Equity 114.662 190.838 165.777 288.563

/ Shareholders' equity 125.224 190.380 104.164 145.077

/ Reserves 53.979 71.544 117.038 151.100

/ Provisions for liabilities & charges 87 647 2.536 4.089

/ Liabilities 144.514 455.704 481.304 786.144

/ Long-term 24.294 106.618 155.528 349.266

/ Short-term 120.221 349.086 325.776 436.877

/ Employees 408 2.081 2.120 2.126

/ Companies 128 100 25 5 1 2010 1 Only companies with 2010 employment data are included

: 2010 Shares in Agriculture and Fishing Totals: 2010

Assets

Equity

Liabilities

www.findbiz.gr 2012

39

..5 : : 20101

( 000)

..5 Agriculture and Fishing: Consolidated Income Statement: 20101 Distribution of Companies by Employment Category

( 000)

/ Magnitude / Employees

9 10-49 50-249 250+

/ Turnover 105.886 460.568 403.215 489.431

/ Gross profits 9.420 66.166 63.762 71.052

/ Administrative, distribution & selling expenses 12.238 48.636 44.461 72.838

, . / Interest charges, etc. 3.000 13.275 9.526 0

/ Operating income -3.617 8.784 12.014 2.202

/ Non-operating income 2.462 -2.173 -2.533 -33.232

/ Depreciation 9.163 21.294 16.997 14.443

/ Pre-tax profits -1.374 6.059 9.379 -31.030

/ Employees 408 2.081 2.120 2.126

/ Companies 128 100 25 5

1 2010 1 Only companies with 2010 employment data are included

: 2010

Shares in Agriculture and Fishing Totals: 2010



40

..6 : : 20101 ..6 Agriculture and Fishing: Financial Ratios: 20101 Distribution of Companies by Employment Category

/ Indices / Employees

9 10-49 50-249 250+


47,72 42,09 33,04 37,41

Debt to equity

1,26 2,39 2,90 2,72

Debt to assets

0,56 0,70 0,74 0,73


0,54 1,46 1,98 :

/ Operating activity Total assets turnover

0,41 0,69 0,63 0,46


212 130 242 324


127 119 119 130


182 119 114 162


1,12 1,07 1,27 1,43

Quick ratio

0,66 0,69 0,60 0,61

Cash ratio

0,13 0,19 0,09 0,09


8,90 14,37 15,81 14,52


-3,42 1,91 2,98 0,45


-1,30 1,32 2,33 -6,34

(%) Return on equity (%)

-1,22 3,19 5,62 -10,76

(%) Return on assets (%)

0,63 2,92 2,95 -2,92


303 131 101 190


635 311 306 507

( 000) Turnover per employee ( 000)

260 221 190 230

( 000) Gross profits per employee ( 000)

23 32 30 33

( 000) Net profits per employee ( 000)

-3 3 4 -15

/ Companies 128 100 25 5 1 2010 1 Only companies with 2010 employment data are included

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ΕΛΛΗΝΙΚΟΣ ΟΙΚΟΝΟΜΙΚΟΣ ΟΔΗΓΟΣ- Greek Financial Directory - Icap 2012

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Transcript of ΕΛΛΗΝΙΚΟΣ ΟΙΚΟΝΟΜΙΚΟΣ ΟΔΗΓΟΣ- Greek Financial Directory - Icap 2012