Financial Morning News 31/05/2013


The General Index in Athens Stock Exchange (ASE) closed at 994.87 posting losses of 1.37%, in a turnover of €96.38mn.

The Eurogroup President Mr.Jeroen Dijsselbloem is due to visit Athens today in order to meet the Prime Minister Mr. Antonis Samaras and his coalition partners. Meanwhile, the Luxembourg Prime Minister Mr. Jean-Claude Juncker is to make a working visit to Greece on June 10 and 11.

Corporate Impacts

  • PPC: The company announced profits of €49.4mn for Q1’13 vs. losses of €1.4mn a year earlier. The sales dropped by 4.1% to €1.49bn, while EBITDA increased by 9.5% to €254mn.
  • FF Group: The group announced profits of €30.3mn (+ 37.2%) for Q1’13. The sales increased by 7.4% to €246.3mnn, while EBITDA increased by 8.4% to €53.2mn.
  • Hellenic Petroleum: The group reported losses for Q1’13 of €78mn vs. profits of €71mn, hit by lower refining margins and a slower-than-expected start-up at a new refining unit. The net debt was €2.2bn (-3%).
  • Ellaktor: The company announced losses of €18.4mn for Q1’13 vs. profits of €7.2mn a year earlier. The sales dropped by 7.3% to €260.1mnn, while EBITDA increased by 1.8% to €52.6mn.
  • Technical

    FTSE 25 June future:

      Support levels: 322-316-308. Resistance levels: 340-348-355.

    General Index:

      Support levels: 979-950-936. Resistance levels: 1,012-1,030-1,055.


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