Ellaktor, Greece’s largest construction group, said on Wednesday that
the Middle East is an ‘attractive and big’ market with the potential
for many contracts, according to a presentation by the company.
Key
challenges ahead include the materialization of Ellaktor’s
2.6-billion-euro backlog and improving operating profit margins, it
said.
The company expects 2010 revenue of 60 million euros from
solar energy projects, it added.
On Tuesday, Ellaktor said that
the ADCC group of companies, in which it has a 40 percent stake, was
declared the winner of a 68-million-euro airport maintenance contract in
Doha.
EFG Eurobank Securities welcomed the news of the latest
Doha deal despite its small size.
‘This is the third project it is
undertaking in relation to the Doha airport,’ the brokerage said in a
note to investors.
Shares in Ellaktor fell 3.71 percent on
Wednesday to 3.89 euros, pushing its market capitalization to 688.5
million euros. The broader market in Athens advanced 0.03 percent.
(from "Kathimerini" english edition, February 03, 2011)