Space Hellas S.A.

Space Hellas S.A.

AATHEX:SPACE
7.96
EUR
-0.20
(-2.45%)
38.09MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.35
6.68
8.5
7.46
9.24
10.24
11.19
12.5
16.12
18.69
22.93
24.03
23.68
- -
Basic EPS, GAAP
0.01
0.12
0.13
0.14
0.17
0.19
0.23
0.28
0.6
0.73
0.74
0.29
0.43
- -
Free Cash Flow per Basic Share
-0.14
0.49
0.82
0.05
-0.07
0.35
0.33
0.24
-1.19
-1.03
-1.12
-1.7
0.32
- -
Dividend per Share
- -
- -
- -
- -
0.03
0.07
0.06
0.07
0.08
0.12
0.13
0.16
0.15
- -
Book Value per Share
2.01
2.11
2.01
2.14
2.27
2.34
2.54
2.88
3.3
4.19
4.43
4.78
5.04
4.78
Tangible Book Value per Share
1.49
1.6
1.64
1.75
1.87
1.93
2
2.33
0.34
1.06
0.9
1.1
1.02
1.1
Basic Weighted Avg Shares
6
6
6
6
6
6
6
6
6
6
6
6
6
6
Sales/Revenue/Turnover
41
43
55
48
60
66
72
81
103
121
148
155
153
- -
Operating Margin (%)
6.32
7.72
6.35
6.9
5.8
7.19
5.75
6.02
5.68
3.05
7.61
7.04
7.69
- -
Depreciation Expense
1
1
1
1
1
1
2
2
3
3
6
8
8
- -
Net Income, GAAP
- -
1
1
1
1
1
2
2
4
5
5
2
3
- -
Effective Tax Rate (%)
95.5
- -
- -
35.76
32.57
41.47
29.52
19.65
10.38
12.55
33.93
14.4
27.77
- -
Profit Margin (%)
0.12
1.77
1.51
1.87
1.87
1.84
2.1
2.22
3.72
3.88
3.23
1.19
1.81
- -
Working Capital
1
3
2
4
5
9
12
25
17
27
16
35
30
35
LT Debt
9
8
7
8
10
13
16
31
41
49
34
56
51
56
Total Equity
13
14
13
14
15
15
16
19
24
31
29
31
33
31
Return on Invested Capital (%)
0.1
- -
- -
8.32
8.7
8.63
8.05
8.22
10.47
7.31
12.78
9.79
8.77
- -
Return on Capital (%)
0.58
- -
- -
7.46
8.28
7.59
8.01
7.9
8.94
9.02
9.67
7.92
6.46
- -
Return on Common Equity (%)
0.39
5.75
6.22
6.73
7.83
8.17
9.62
10.24
19.38
19.47
17.2
6.22
8.73
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
47
43
38
LT Borrowings
31
44
53
LT Finance Leases
2
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
48
43
38

Working Capital

EUR

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
123
127
131
Cash, Cash Equivalents & STI
26
20
22
Accounts Receivable, Net
44
39
50
Inventories
17
19
14
Total Current Liabilities
107
100
95
Payables & Accruals
- -
- -
- -
ST Debt
47
43
38
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.33%
13.14%
7.57%
Free Cash Flow
-165.17%
-132.95%
-118.72%
Net Income, GAAP
21.16%
25.41%
49.76%
Sales/Revenue/Turnover
11.42%
14.16%
-1.49%
Total Cash Common Dividend
- -
19.59%
-6.29%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
148
2024
- -
- -
155
2025
- -
- -
153

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.74
2024
- -
- -
0.29
2025
- -
- -
0.43

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.13
2024
- -
- -
0.16
2025
- -
- -
0.15

Company Description

CEO
Ioannis Anastasiou Mertzanis
Full Time Employees
836
Sector
Technology services
Industry
Information technology services
Address
Athens Greece
IPO Date
Sep 29, 2000
Website
space.gr
Business
Space Hellas S.A. is a Greece-based system integrator and value-added technology provider specializing in telecommunications, information technology, cybersecurity, and physical security solutions for enterprise and public sector organizations. Founded in 1985 and headquartered in Agia Paraskevi, Athens, Greece, the company designs, integrates, deploys, and manages complex digital infrastructure, software systems, and network architectures across Southeastern Europe and the Middle East. The company delivers solutions across multiple core business domains: Telecommunications and Network Infrastructure, comprising enterprise software-defined wide area networking (SD-WAN), local and wide area network (LAN/WAN) design, optical transport systems, satellite communications, structured cabling, unified communications, IP telephony, and enterprise wireless networks; Cybersecurity and Information Protection, offering 24/7 Security Operations Center (SOC) services, managed detection and response (MDR), identity and access management (IAM), endpoint and perimeter defense, vulnerability assessments, penetration testing, threat intelligence, and regulatory compliance consulting; IT Infrastructure and Cloud Services, encompassing public, private, and hybrid cloud integration, data center architecture, server and storage virtualization, disaster recovery, automated backup, and container orchestration; Physical Security and Building Management, providing intelligent video surveillance (CCTV) with AI analytics, automated access control, perimeter intrusion detection, fire detection and extinguishing systems, and integrated building management systems (BMS); and Digital Transformation and Smart Solutions, including Internet of Things (IoT) platforms, smart city and smart building management frameworks, big data analytics, artificial intelligence implementations, custom enterprise software development, and digital workplace tools. Space Hellas complements its product offerings with comprehensive managed services, including 24/7 Network Operations Center (NOC) monitoring, IT consulting, field engineering, and preventive system maintenance. The company serves a diverse client portfolio spanning financial services, telecommunications, central government and public administration, defense and homeland security, maritime, energy, utilities, healthcare, and commercial enterprises. Space Hellas maintains active international operations and subsidiaries across Greece, Cyprus, Romania, Serbia, Malta, and Jordan. In recent developments, Space Hellas has accelerated its strategic expansion in enterprise IT integration and digital transition solutions through key acquisitions, alliances, and operational enhancements. Following the joint acquisition of SingularLogic with Epsilon Net, the company restructured operations to consolidate large-scale IT and public sector system integration projects within SingularLogic, while addressing commercial ERP and business software through Epsilon SingularLogic. Space Hellas has also expanded its technology ecosystem through strategic equity investments in SenseOne Technologies for IoT and smart city automation, Agroapps for digital agriculture and meteorological risk analytics, and Web-IQ to strengthen cyber threat intelligence and online investigation capabilities. Furthermore, the company has upgraded its proprietary Security Operations Center with advanced AI-driven threat detection to support compliance with EU NIS2 cybersecurity directives, broadened strategic alliances with international vendors including Cisco, Microsoft, Dell Technologies, Fortinet, and Palo Alto Networks, and secured major system integration contracts under Greece's national digital transformation and recovery initiatives.