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MarketScreener Homepage  >  Equities  >  Athens Stock Exchange  >  Thessaloniki Port Authority Societe Anonyme    OLTH   GRS427003009

THESSALONIKI PORT AUTHORITY SOCIETE ANON

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Thessaloniki Port Authority Societe Anonyme : Press Release 23.05.2020 - New Company Collective Labor Agreement for ThPA S.A.

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05/23/2020 | 08:23am EDT
Press Release 23.05.2020 - New Company Collective Labor Agreement for ThPA S.A.
May 23, 2020 Last Updated: Saturday, 23 May 2020 14:50

In Thessaloniki on 20/05/2020, THPA S.A. and the Employees' Unions, after many months of consultations and negotiations, agreed and signed the Company Collective Labor Agreement (CLA) for the regulation of the terms of remuneration and employment of personnel from 01/01/2020 until 31/12/2021.

After the 'privatization' of the company, the signature of both Company CLA's with Federation of Greek Port Employees (OMYLE) from 20/05/2020 as well as with Federation of Greek Dockers (OFE) from 17/12/2019 for the Dockworkers , in combination with the application of the new General Staff Regulation, signal the convergence and the achievement of working peace, with the joint efforts of all, for the necessary institutional adjustments, and they constitute a significant milestone and a starting point for us, with a view to the challenges of the future and a vision for the development of the Port of Thessaloniki in modern times.

Disclaimer

Thessaloniki Port Authority SA published this content on 23 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2020 12:22:03 UTC

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Financials
Sales 2019 69,0 M 77,4 M 77,4 M
Net income 2019 16,5 M 18,5 M 18,5 M
Net cash 2019 52,9 M 59,4 M 59,4 M
P/E ratio 2019 16,9x
Yield 2019 4,24%
Capitalization 213 M 238 M 239 M
EV / Sales 2018 3,60x
EV / Sales 2019 3,27x
Nbr of Employees 368
Free-Float 25,7%
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Managers
NameTitle
Franco Nicola Cupolo Chief Executive Officer
Sotirios Ioanni Theofanis Chairman
Henrik M. Jepsen Chief Financial Officer & Finance Director
Aggelos Fotiou Vlachos Non-Executive Director
Panagiotis Miltiadi Alevras Independent Non-Executive Director