The monetary outcomes of 2023, the technique and prospects of the AVAX Group have been introduced by the administration of the group to representatives of brokerage corporations and institutional traders.
Constructions, Participations and new Investments are the actions that, based on the administration of the AVAX Group, are the pillars of the corporate’s improvement. The excessive backlog of initiatives, the continual enchancment of web profitability, the ratio of 54-46 between personal and public initiatives, and the excessive experience and expertise of AVAX in very demanding initiatives, compose the energy combine for the AVAX Group.
Analysts and institutional traders have been introduced with the up to date forecasts of EDISON and Optima Financial institution, with an estimated share worth of €3.00 and €2.79 respectively, and an upside of +90% and +76% from present ranges.
Constructions
In Development, EBITDA amounted to €26.7m with an enhanced revenue margin of 6.2% in 2023 (in comparison with €17.6m with a revenue margin of 4.7% in 2022). On the identical time, the acquisition of latest initiatives can be on an upward trajectory, with the excellent stability of signed contracts exceeding €3 billion. Administration expects a big uptick within the Sector’s actions with new initiatives incorporating expanded revenue margins.
Participations
In Holdings, the Group maintains a robust portfolio from which returns are anticipated. In additional element:
- holdings in concessions, PPPs and marinas are valued at €465 million within the present interval, making an allowance for the remaining time and the character of every contract
- regardless of the expiry of Attica Highway (October 2024) the anticipated dividends (nominal) quantity to roughly €1.1 billion, sustaining the long-term worth of the Group’s holdings portfolio
Additionally, AVAX proceeds with the switch of holdings to the 100% subsidiary “AVAX Concessions” along with the linked financial institution mortgage with a view to make clearer the construction and worth of the Group’s concessions & PPP portfolio.
New investments
Within the pillar of latest investments, the Group strikes on a number of fronts:
- pre-selection in tenders of 25 PPP initiatives, whole price range ~€3.5-€4.0 billion
- submission of a Normal Proposal for extensions of Attica Highway, within the type of a concession
- higher flexibility in financing new investments from AVAX with a goal fairness IRR between 9-14%
In Vitality, the event path of the 100% subsidiary Ixion Vitality continues with a focused fairness IRR of 10-15% via:
-new RES and power storage initiatives
-public community of electrical automobile charging stations Plug Operation
-energy saving initiatives (photovoltaics on constructing roofs)
-energy administration (buying and selling)
Lastly, within the Actual Property sector, residential developments focusing on excessive IRRs
#Clear #technique #secure #progress #prospects
