- Business
- Avax S.A. is a Greece-based construction company engaged primarily in civil engineering, construction, concessions, energy, and related activities, operating both domestically and internationally. The company’s core products and services include design and construction of civil engineering projects such as hospitals, sports centers, hotels, banks, educational institutions, parking facilities, airports, and other public and private infrastructure; concessions and public-private partnership projects focusing on highways and bridge construction; energy and industrial projects including power plants, natural gas infrastructure, liquefied natural gas (LNG) terminals, refineries, petrochemical facilities, and environmental projects; along with real estate development for luxury urban residences and holiday complexes. Additionally, Avax operates in facility management services, vehicle technical inspections, construction management, car park operation, wood processing, and waste management through its subsidiaries.
Founded in 1986 and headquartered in Marousi, Greece, Avax S.A. has built a strong reputation as one of the largest construction groups in Greece, with a substantial international footprint. The company has recently accelerated implementation of new construction projects, resulting in a 44% revenue increase to €651.5 million in 2024, with a significant improvement in profitability and EBITDA margins driven by its construction business segment. Among recent strategic developments, Avax Concessions issued a €300 million bond loan to finance Group investments totaling €120 million, signaling an expansion and strengthening of its investment capacity. The Group also reported improved financial metrics such as a net profit increase by 192% to €30.4 million and a reduction in net debt to EBITDA ratios, reflecting enhanced operational efficiency and balance sheet strength.
Avax continues to maintain a diversified portfolio that spans civil engineering, hydraulic works, port and road constructions, electrical and industrial works, and natural gas networks, complemented by ongoing investments in renewable energy production through its subsidiary Volterra. The company targets governments, public institutions, and private sector clients across Greece and abroad, positioning itself as a strategic partner for large-scale infrastructure development. Avax's activities are supported by substantial backlog orders amounting to approximately €3.2 billion as of early 2025, underscoring its strong market presence and project pipeline.
Overall, Avax S.A. is a multi-segment construction and infrastructure group with expertise in designing, building, and managing complex projects across construction, energy, concessions, and service sectors, recently marked by financial growth, expanded investments, and strategic financing initiatives supporting its operational and geographic expansion.