In concessions and projects of renewable energy (RES) will be directed by Actor the funds provided for the canceled agreement with the Proofas announced yesterday (11.9.2025) by the company’s chief executive, Alexandros Exarchou, in informing analysts about the financial results of the first semester 2025.
Specifically, Aktor’s chief executive said that the amount, which was committed to concluding the agreement with Prodea, would head “exclusively to concessions and RES, not to constructions. After all, the acquisition of Aktor concessions has already been covered by the existing equity capital (AMK) EUR 200 million. Consequently, the AMK, € 50m, will fund the new projects. “
The announcement of a new concession project to enrich the AKTOR portfolio is expected soon. However, most of its funds will be invested in new RES projects.
This strategic move marks the emphasis the company places on two pillars with long -term growth prospects and stable cash flows. The administration also made it clear that there is no need for capital aid for AKTOR, denying scenarios circulating on the market.
Speaking about the agreement with Prodea, Mr Exarchou analyzed the reasons that led to the cancellation of the transaction. Initially, “The agreement, when announced, was advantageous to both sides. Our goal was to acquire real estate with prime tenants to secure future flows. It was a difficult transaction, as it included real estate outside Greece, but both we and Prodea were making excellent effort, “he said.
However, during the summer the group revised its strategy. “With the transaction of Aktir concessions we thought we had already secured the flows we were looking for, with a lower loan basis and at a lower cost. Thus, there was no reason to move on to this difficult transaction with Prodea, which also had some uncertainties, “the group’s chief executive underlined, expressing the intention of cooperating in a different context in the future.
Strategy and prospects
Completed to the targets it has set, the Group remains, with EBITDA 180 – 200 million euros in 2025 and € 400 million in 2030. “Economically, the concession network has the same or better prospects than real estate, with lower risk,” Mr Exarchou said.
After corporate transformation, each industry will have its own level of lending and debt service capacity. The construction industry is expected to maintain low lending, while RES projects will continue to be funded with the classic 80% lending – 20% equity. For concessions, the debt service margin is estimated at 5–6 times.
The increase in the gross profit margin in 2024 is attributed to the acceleration of the execution of profitable projects. “Our portfolio is almost entirely of good profitability projects. We have chosen to accelerate those with higher margins and managed to complete them successfully, “the administration said.
The company’s estimate is that these margins will be maintained in the second half, with an improvement of 10–20% on an annual basis.
In closing, Mr Exarchou stressed that the results of the first semester were one of the best of the last 15 years. “For the last three years we have been able to exceed our expectations and goals in every semester. “We said and did it” is a slogan for us and we will continue on the same path. “