Turnover of over € 800 million and EBITDA over € 120 million is the guidance given by its administration Avax For the whole of 2025, in a conference call with analysts.
The management of the Avax Group said that it remains committed to claiming new PPP projects, such as Giannitsa – Edessa, Amphipolis – Drama and Theagenio Hospital of Thessaloniki. At the same time, it is considering new opportunities in Real Estate, where it is developing a portfolio of commercial housing of about 70m euros, in energy, where it recently submitted a proposal to the Ministry of Energy for the development and connection of a 50MW energy storage system in Boeotia, as well as in other activities, with a target of EBITDA € 150 million.
Based on the existing concession portfolio and PPPs, the Group expects revenue of more than € 150 million by 2029 and a total of € 900 million until their expiration. At the question, the administration said that it is considering the issuance of a counterpart, without a decision.
The backpack of projects remains at € 2.8 billion, despite the significant turnover in the first half. Since much of the projects are at an early stage, conditions are created for at least the same level of turnover in the next 2 – 3 years. To maintain a high level in high levels, the Group participates in all major competitions and aims to undertake new projects at least in the existing market share.
Asked about the sustainability of the EBITDA construction margin (13.6% in the semester), the administration stressed that although the margins appear to be increasing due to the significant participation of energy projects in the revenue mix, EBITDA margins at least 10% for the recently taken over and new projects.