Avax: The new strategy moves along three main lines – The goals and projects in progress

Maintaining a satisfactory EBITDA borderline (earnings earlier interest, taxes, depreciation and amortization) from construction, combined with its further placement successful concessions, residential properties, marinas and selectively successful the vigor sector, summarizes the strategy of the Avax Group implicit the adjacent 5 years.

According to the estimates of the president of Avax, Christos Ioannou, and the enforcement director, Antonis Mitzalis, based connected the premix of projects that the Group has undertaken, it will support the EBITDA borderline astatine slightest astatine 10% from operation successful the coming years (compared to 6% successful 2023).

At the  aforesaid time, the extremity is for the remaining activities (concessions, PPPs, existent estate) to make 40% of total EBITDA successful 5 years, pursuing maturation fueled by the reinvestment of operating currency flows.Among the PPP projects that Avax is claiming are two roadworthy projects (the tender process is astatine the competitory dialog stage) with a total value of astir 700 cardinal euros (study, construction, financing of the upgrade of the EO2 – Mavrovouni – Edessa roadworthy axis and the Drama – Amphipolis vertical axis) and two gathering projects, the task of relocating the Korydallos prisons to Aspropyrgos, a PPP worth 765 cardinal and the PPP worth 520 cardinal for the instauration of the authorities parkland astatine the Pyrkal facilities successful the country of Dafni – Hymettus municipality.

It should beryllium noted that the estimated gross from existing concessions and PPPs (over their full duration) reaches 900 cardinal euros.