- CEO
- Efthimios Theodoros Bouloutas
- Full Time Employees
- 1,419
- Sector
- Industrial services
- Industry
- Engineering & construction
- Address
- 25 Ermou Street Athens GI Greece 145 64
- IPO Date
- Apr 20, 1994
- Business
- Ellaktor S.A. is a leading multinational Greek infrastructure and construction group, founded in 1962 and headquartered in Athens, Greece. The company operates through subsidiaries primarily in construction and quarrying; real estate development and management; energy including wind farms and photovoltaic parks; concessions encompassing financing, design, construction, maintenance, and operation of motorways, bridges, and marinas; waste management; and environmental services. Its core products and services span key infrastructure projects, commercial and residential real estate development, and renewable energy projects, with operations extending beyond Greece to countries in the Middle East such as Oman, Qatar, UAE, Kuwait, and Jordan, as well as various European nations including Germany, Italy, Romania, and Serbia, alongside activities in the Americas.
Recent major developments in the last 1-2 years include a strategic increase of its stake in the Olympia Odos motorway concession from 17% to 20.4%, reflecting its focus on infrastructure concessions. In 2024, Ellaktor also divested some real estate assets, including the sale of the Smart Park project while retaining land for future unified development, and the sale of Cambas and Gournes real estate assets totaling approximately €85.6 million, signaling a portfolio optimization. The company also placed significant emphasis on developing the New Alimos Marina project with official regulatory approvals obtained in mid-2024. Additionally, Ellaktor has entered exclusive negotiations for the potential sale of its construction subsidiary Aktor S.A., indicating a strategic transformation towards focusing on higher value concession and real estate assets. The group's EBITDA for 2024 stood at €166.8 million, while it navigates cash flow concentration and operational restructuring amidst industry challenges.
Ellaktor maintains a diversified portfolio targeting public and private sector infrastructure and real estate markets, employing approximately 600 staff and leveraging over 70 years of expertise. Its subsidiaries include Aktor SA (construction), Aktor Concessions SA, Andromachi SA, Yialou Anaptyxiaki SA, and Reds Real Estate Development SA, among others. The company emphasizes environmental and social responsibility within its operations, aligning with its vision to create long-term value for shareholders and society. Ellaktor’s key industry segments encompass engineering and construction, real estate development, energy production from renewable sources, and environmental services, positioning it as a comprehensive infrastructure player in Greece and internationally.