As the company's management stated during the Ordinary General Assembly, the company is expected to show an increase in turnover by 15% to 25% in 2023 and an additional 30% to 40% in 2024, while reducing its borrowing.
Among other things, the executives of the listed company referred to the contracts signed by the group, which reached €875 million for last year, while this year the signatures on projects amounting to €928 million have fallen. The most important of these is the station energy with Mass Group Holdings in Romania, worth €674 million and the Bralos-Amfissa road section, worth €207 million.
At the same time, the company enters with claims in the battle of claiming the existing 25-year concession contract in collaboration also with Aktor Perachorises and the French investment fund Meridiam.
The managing director of the company, Kostas Mitzalis, was placed for the first time on the subject of the standard proposal submitted by AVAX in a joint venture with GEK TERNA and AKTOR Concessions for the extensions of the Attica Road to Lavrio and Rafina as well as for the Iliopolis tunnel that will connect Kareas with Vouliagmenis Avenue. As he said, the new contract is expected to install new tolls without excluding the philosophy of the shadow toll (subsidized toll based on actual crossings) that will also be applied to VOAK.
Finally, it is noted that the shareholders during the General Assembly gave the "green light" to the management to proceed with a share purchase program of up to €10 million with a minimum price of €0.50 and a maximum price of €4 in in the next two years, while it was decided to distribute a dividend of €0.07 per share for the first time since 2010.
