Fundamental analysis

Hellenic Petroleum sees 2018 EBITDA topping 1 billion euros, CEO says

Core profit at Hellenic Petroleum, Greece's biggest oil refiner, is expected to top 1 billion euros ($1.2 billion) this year, the company's chief executive said on Sunday.

Core profit, or earnings before interest, tax, depreciation and amortization (EBITDA), including oil inventory holdings, came in at 851 million euros last year.

Turnover and jobs growth at Athens Medical in 2017

Listed Athens Medical Group has announced that 2017 group turnover came to 169.2 million euros, a 1 percent increase on the previous year.

Earnings before interest, tax, depreciation and amortization (EBITDA) amounted to 23.5 million euros, slightly up on 2016.

For the second consecutive year the group's after tax results showed profits of 2.7 million euros.

Technical checks for the two DESFA bids

Greek authorities have started assessing the technical aspects of the two bids for a stake in natural gas network operator DESFA, while the financial offers will be opened on March 9.

All signs point to the price for 66 percent of DESFA topping 400 million euros, although that will also depend on the company's cash reserves when the transaction is completed.

ELPE profit slides in Q4 2017

Hellenic Petroleum (ELPE), Greece's biggest oil refiner, on Thursday reported a 21 percent drop in fourth-quarter core profit due to weaker refining margins.

The refiner said earnings before interest, tax, depreciation and amortization (EBITDA), adjusted for oil inventory holdings, came in at 170 million euros, down from 215 million euros in the same period a year earlier.

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