EUROCORP

Financial Morning News 15/02/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,032.43 posting profits of 0.48%, in a turnover of €67.00mn.

The Greek economy contracted by 6.0% in the final quarter of 2012 compared with the same quarter a year earlier. The Greek economy shrank by 7.15 pct in 2011, while the government expects a further 4.5 pct decline this year (ELSTAT).

The unemployment rate rose in November to 27% from 26.6% in October (ELSTAT).

Corporate Impacts

  • CCH:The company posted a 12% decline in profits last year to €285mn, compared to the year before, due to the slide in sales in developed markets, the high cost of raw materials and the unfavourable changes in exchange rates. The company expects the adverse conditions to persist into 2013, especially in developed markets, but with a smaller increase in raw material costs and a smaller impact from exchange rate fluctuations. It also expects the public offer acceptance period regarding the acquisition of its shares by Coca-Cola HBC AG in Switzerland to start in mid-March.
  • Technical

    FTSE 20 March future:

      Support levels: 344-338-332. Resistance levels: 355-360-366.

    General Index:

      Support levels: 1,016-1,002-992. Resistance levels: 1,040-1,050-1,066.

    Disclaimer

    The information that EUROCORP (henceforth the “Company”) provides via the web page eurocorp.gr, can be used only for informative aims and not for commercial, investment or other purposes. They cannot be considered as offer, advice, or proposal for purchase or sale of securities issued by companies that are reported in the web page of the Company, or as prompt on the realisation of any form of investments. The Company is not by any chance accountable for commercial or investment decisions that will be taken based on this information.

    The information emanates from sources that are available in public and are generally considered reliable. The Company overwhelm each possible effort for the verification of the validity of this information. Nevertheless, the Company is not committed as for the precision, plenitude and safety of information and consequently no responsibility arises for the company from the use of this information.

    The use of web page eurocorp.gr is under the exclusive responsibility of each user, who accepts that the information and services, are provided “as such” and “depending on the availability”, without any guarantee of the Company, indicatively reported the guarantees of satisfactory quality or appropriateness for concrete aims.

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