“The development of the GEK TERNA Group is not only sustainable, as it relies on high quality and durable assets, but it will also have a continuation, with many investments entering commercial operation,” said Group Chairman and CEO George Peristeris during yesterday’s (2.1025).
As it became clear, dividends are expected in the concessions of 100 million euros, with traffic growth growth on the roads continuing at the same rates as the first half. In the construction sector, the existing renewed balance of signed contracts of € 6.3 billion offers visibility for the coming years, with profitability scope for remaining.
Regarding the individual activities, the administration of the listed person pointed out:
- Egnatia Road: The concession is expected to achieve the start date at about the end of the year, while from the total payable price, about EUR 300 million corresponds to equity for the group. Traffic was 3.2% in the first half and by 15% from 2019, while the concession provides for the adjustment of the diodes, twice within the first five years of the 35 -year concession period, in relation to the upgrading of the road and the implementation of the new sections so that the cost of use is assimilated.
- Attica Road: For 2025 the distributions to the group are placed at € 60 million and will be collected next month. During the conference conference, it was confirmed that the first technical intervention is launched- with a time of commencement in 2026- the first technical intervention at the Metamorphosis Node, a project that is expected to improve traffic conditions. His expense will be completely covered by the Greek State.
- Amphilochia pump: Standard procedures and approvals are left to activate the Put / Call Options, according to which GEK TERNA will acquire 50% of the project.
- North Road Crete (BOAK): With the concession agreement already signed with the State, and with the financial closure, the concession starts at the beginning of 2026.
It is noted that, in the first half, the average borrowing cost of the Group stood at 3.6%, down by 50 basis points since the beginning of the year. Further declining is expected after the successful issue of the € 500 million bond at a 3.2%interest rate.