EUROCORP

Financial Morning News 22/05/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,136.76 posting profits of 1.56%, in a turnover of €203.88mn.

The former government partner and leader of Democratic Left (DIMAR) Mr. Fotis Kouvelis said that he would turn down any invitation to return to a new coalition administration.

Corporate Impacts

    • Mytilineos, Metka, Sarantis: Q1’14 results.
    • Mytilineos: The sales for Q1’14 amounted to €343.3mn vs. €358mn a year earlier. EBITDA increased by 28% to €67.7mn, while net profits amounted to €15.2mn vs. €11.1mn. The net debt reduced to €436.9mn vs. €509.7mn.
    • MΕΤΚΑ: The sales for Q1’14 amounted to €189.1mn (+41%), while EBITDA increased to €32.7mn vs. €22.9mn a year earlier. The net profits amounted to €25.4mn vs. €16.2mn.
    • Eurobank Properties: The net profits for Q1’14 amounted to €15.4mn vs. €9.2mn a year earlier, while NAV amounted to €839mn or €8.28 per share.

Technical

FTSE 25 June future:

        Support levels: 360-355-348. Resistance levels: 372-380-386.

General Index:

      Support levels: 1,120-1,100-1,080. Resistance levels: 1,155-1,180-1,200.

Disclaimer

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