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HELESI's e-shop |
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Click here to visit our e-shop |
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The project was co-funded by the European Regional Development Fund and the Greek Government under the Operational Program "Information Society"
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HELESI is a designer and manufacturer of plastic products mainly for use in the waste management industry and a provider of waste management services. The Group has production facilities located in Greece and in Italy.  more
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Pro-Qaulity for High-Strength |
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Products Helesi specializes in the design and
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manufacture of |
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Plastic waste containers (2-wheel bins, 4-wheel containers, street bins, domestic bins, underground containers) |
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Material handling plastic products (pallet boxes, pallets and food crates and fish crates) and other plastic products (such as stadium seats) |
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Services Helesi provides waste management services such as waste collection, container washing, street sweeping and recyclable materials collection. |
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| Recycling HELESI invested in building a tyre recycling unit which was completed in April 2006 |
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Investor
Relations
The information in this section is disclosed pursuant to Aim Rule 26.
Final results for 2009
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Results: |
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Group revenues increased by 12% to €73.9 million (2008: €65.8 million): |
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Profit before finance charges and tax €8.9 million (2008: €10.5 million) |
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Net profit €2.8 million (2008: €6.6 million) as a result of increased cost of financing (€4.5 million compared to €3.2 million in 2008). |
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Remains cash positive despite unprecedented trading conditions, with operating cash flow of €2.5 million (2008: €7.0 million). |
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Transformation in scale of Vehicles division means Company now has critical scale for high margin supply and distribution of specialist waste collection vehicles both in Greece and Cyprus - fulfillment of two large contracts in 2009
• Municipality of Athens contract, worth an initial €14.5 million,
• €10 million contract with the Prefecture of East Macedonia Thrace for the supply of specialist waste vehicles.
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Year end net debt at €71.7 million (2008: €70 million) as a result of completion of investment programme, delays in receipt of government grants and slower payment by customers. |
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Appointment of Dimitri Goulandris as Non-Executive Chairman, Apostolos Binomakis moves to Non Executive Director from Chief Financial Officer, appointment to the Board of Ioannis Tolias as Chief Financial Officer. |
Share Price
Please click here for HELESI PLC share information on London Stock Exchange.
(All data delayed by at least 15 minutes)
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