Listed companies see huge profits: The messages from the annual results

The cumulative profitability of the listed companies connected the Stock Exchange successful 2024 is connected track to converge oregon adjacent transcend the show of 2023 (10.5 cardinal euros).

More specifically, the total profits of listed companies are conscionable shy of the milestone of 10.5 cardinal euros (fiscal year 2023), which represents the champion show since the grounds of 2007, when nett profitability (after taxes) had exceeded 11.3 cardinal euros.

In fact, the fig rises adjacent much if we take into relationship adjusted and/or comparable profitability, which amended reflects the existent dynamics of companies, removing bonzer profits oregon bonzer (non-recurring) losses.

The mostly affirmative effect of the 2024 fiscal year creates a “solid foundation” for the considerably much analyzable 2025, successful which listed companies are called upon to look the turbulence and the cautiousness of trade tariffs.

For this reason, it is considered important that the Greek companies of the ATHEX contiguous an representation of strong resilience, which whitethorn beryllium peculiarly utile successful the coming months, successful the lawsuit of a re-escalation of planetary challenges.

Equally important is the following: An yearly profitability of implicit 10.0-10.5 cardinal euro confirms the charismatic trading levels of Greek stocks compared to abroad.

It is indicative that, with the existent marketplace capitalization fluctuating successful the portion of 118-120 cardinal euros, the mean P/E (price to earnings) ratio of the ATHEX is acceptable beneath 11x and very adjacent to 10x.

Let us carnivore successful caput that the DAX successful Germany has a P/E ratio of 17x, while the CAC successful France has a valuation ratio of 15x, which seals Greece’s discount compared to the main markets successful Europe.

The 10 astir profitable listed companies
Based connected the information so far, the astir profitable listed institution is Eurobank, which saw its nett profits amended to 1.448 cardinal euros successful 2024 from 1.140 cardinal euros successful 2023. This translates into an summation of +27%.

In 2nd spot is National Bank, whose nett effect amounted to 1.158 cardinal euros from 1.106 cardinal euros the erstwhile year (+4.7%).

Another bank, Piraeus, completes the top three, with nett profits reaching 1.066 cardinal euros compared to 788 cardinal euros successful 2023 (+35.2%).

Beyond that, we find two much banks successful the top ten. Alpha Bank is successful 5th spot with 654.1 cardinal euros (up from 618.3 cardinal euros), while Bank of Cyprus, which saw its nett after-tax profits summation to 508.1 cardinal euros from 487 cardinal euros the erstwhile year, occupies seventh spot successful the applicable table.

It is worth mentioning that the supra 4+1 banks presented a cumulative profitability of 4.834 cardinal euros compared to 4.139 cardinal euros successful 2023 (+695 cardinal euros).

Regarding non-bank listed companies, which it is true that they did not negociate to execute the corresponding show of the fiscal sector, Coca-Cola HBC emerged arsenic the astir profitable 1 with 820.6 cardinal euros from 636.5 cardinal euros successful the erstwhile year (+28.9%).

Metlen could not beryllium absent from the top ten, with profitability estimated astatine 615 cardinal euros from 623 cardinal euros successful 2023 (-1.2%).

Finally, OPAP achieved a nett effect of 485.8 cardinal euros (from 408.3 cardinal euros), OTE showed profits of 478.8 cardinal euros (from 531.7 cardinal euros) and Titan Cement saw profitability scope 289.1 cardinal euros (from 268.6 cardinal euros).

Finally, successful terms of yearly turnover, the two refining companies are astatine the top, with Helleniq Energy achieving income of 12.768 cardinal euros and Motor Oil pursuing with a turnover of 12.187 cardinal euros. Coca-Cola’s income value besides roseate supra the intelligence threshold of 10 cardinal euros.

The 10 listed companies with the highest nett profitability (2024/2023)*

• Eurobank 1448/1140
• National Bank 1158/1106
• Piraeus 1066/788
• Coca Cola 820.6/636.5
• Alpha 654.1/618.3
• Metlen 615/623
• Bank of Cyprus 508.1/487
• OPAP 485.8/408.3
• OTE 478.8/531.7
• Titan 289.1/268.6