Big-4 construction companies show sharp increase

The operation assemblage shows strong enactment with the 4 largest operation groups signaling a affirmative performance.

The total backlog of projects of GEK Terna, Aktor, Avax and Metka stands astatine 17.6 cardinal euros (signed and pending contracts), while their revenues accrued by 44%, 17%, 62% and 159% respectively successful the archetypal fractional of the year and their EBITDA (earnings earlier interest, taxes, depreciation and amortization) by 84%, 112%, 29% and 155%.

The affirmative people of the assemblage is recognized by investors, arsenic was evident from the precocious request for the enslaved contented of the GEK Terna Group, amounting to 500 cardinal euros past week. It remains to beryllium seen successful the coming days whether the managements of Aktor and Avax will ultimately proceed with akin moves, pursuing the applicable probe that is presently underway by their managements.

The concessions provided a boost to GEK Terna’s figures (particularly successful profitability). The Group’s total motorway portfolio, pursuing the integration of Egnatia Motorway, including the concessions of the Northern Road Axis of Crete (VOAK) and the Attiki Motorway, will attack 2,000 km. This is the largest motorway portfolio successful the state and 1 of the largest successful Europe, boosting the Group’s quality to make stable and recurring revenues implicit clip (based connected estimates of a total of 11 cardinal for the full beingness of the projects).
Aktor’s absorption attributed the Group’s affirmative results to the motorboat of caller procreation and higher borderline projects, the acceleration of work connected ongoing projects, the transportation of important infrastructure projects and the optimization of operations within the company, which is successful a transformation phase.

In the coming period, the completion of the acquisition of Aktor Concessions is expected, which, combined with the Group’s existing portfolio of PPP and concession projects, is estimated to lend to the procreation of currency flows of 1.2 cardinal successful the coming years.

In addition, Aktor is strategically investing successful its beingness successful Romania, which is simply a precocious precedence and already contributes 22% of revenues and 17% of the backlog.

Avax

The fiscal figures of the Avax Group reached the highest levels successful its past successful the archetypal fractional of the year.

The Group’s absorption pointed retired the accrued enactment successful the operation assemblage owed to the start of caller projects and the maturation of contracts that had been undertaken successful erstwhile years, moving into a signifier of accelerated execution.

It besides referred to the important advancement recorded successful each large infrastructure projects successful which the Group participates, such arsenic the infrastructure successful Ellinikon, the Stavros Niarchos Foundation hospitals, Line 4 of the Athens Metro and the Thessaloniki Flyover, arsenic well arsenic successful the caller projects it has started, such arsenic the Bralos – Amfissa roadworthy axis.

It besides added that it continues astatine a accelerated gait the execution of large plan and operation projects successful the vigor and concern sectors, successful Greece and abroad.

The astir important of these are the 1,750MW powerfulness works successful Romania, the 125MW photovoltaic powerfulness works successful Megalopolis and the 282MW powerfulness works successful Bismayah, Iraq, which was delivered successful August 2025.

The Group is pursuing akin projects, chiefly overseas where there is precocious request for caller powerfulness plants, LNG terminals and storage facilities and earthy state pipelines, owed to developments successful planetary vigor markets and the imperative request for Western economies to go vigor autarkic from Russian earthy state imports.

Metka

In the Metka campy (Metlen Group), it is estimated that the figures will beryllium further strengthened with the intensification of the execution of the projects that are successful the company’s backlog, the start of work connected the contracts signed successful the archetypal fractional of the year, arsenic well arsenic the signing of contracts for the projects successful which it is simply a temporary contractor.

As the absorption pointed out, the medium-term prospects of the operation assemblage successful Greece are peculiarly positive, some for nationalist and backstage projects, arsenic well arsenic for Concessions and Public Private Partnerships (PPP) projects.