As at 31.12.2022, the Group had 50 properties under
management with a total investment value of € 272.6 million, an increase of 37%
compared to 31.12.2021.
Further strengthening in the core business sectors with the acquisition of three (3) student residences, the facilities of Doukas Schools and an industrial property in Kryoneri, along with an entry into new sectors with the acquisition of the properties of BOUTARIS and ATHENS HEART.
PREMIA implemented its investment plan in the first quarter of 2023 in a consistent manner, by completing the acquisition of another student residence in Xanthi and an industrial property in Lamia (IOLI Natural Mineral Water facilities), while a binding agreement was signed for Project Skyline.
Total cash and cash equivalents amounting to €47.8 million a healthy financial structure with the Group's Equity standing at €141.3 million and with Net Debt at €128.9 million.
The Company's solid credit rating was reconfirmed by ICAP CRIF S.A. in the annual review, which confirmed an A credit rating in October 2022.
Revenue growth of 58% and doubling of operating profitability (Adjusted EBITDA), on a consolidated basis, compared to 2021. Preservation of strong net profitability, with consolidated profit after tax shaping at €15.9 million for 2022.
The macroeconomic environment remains particularly volatile since there is still considerable
uncertainty regarding the energy crisis, inflationary pressures, rising interest rates and the
continuity of the war in Ukraine. Despite the increased uncertainty due to the above conditions,
that were shaped within 2022 and are still ongoing, the Greek real estate market kept growing,
staying on the recovery path of 2021 and it appears that in the medium-term the expectations
remain positive, especially in the core sectors that the Group has invested i.e. logistics and serviced
apartments.
Find here the official press release.
