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A financial analysis on major contractors in Greece

Avraam, A; (2006) A financial analysis on major contractors in Greece. Doctoral thesis , UCL (University College London). Green open access

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Abstract

This report, entitled 'A financial analysis on major contractors in Greece', describes the situation of major contracting companies (seventh class) in the country. To begin with, four companies are presented. Then financial data, including the composition of share capital, their turnover, net profit before taxes, total assets, shareholders' funds, debtors and short-term liabilities for the period 2001-2005, is analysed. Financial indicators, such as profit margin, return on shareholders' funds and return on capital employed are also used. Furthermore, all strategic choices of the companies for this period are examined. First, the wave of mergers of 2002 is interpreted and information on its results is provided. Second, the case of diversification of major contracting companies is explained, in terms of causes and consequences. Third, attempts of major contractors to work overseas are outlined. Finally, concessions are discussed their extent in Greece and their effect on the companies' progress are stated. To conclude, general comments are made, concerning construction industry in general in Greece. All information on the companies is gathered either by secondary sources (newspapers, magazines, website) or mainly by interviewing senior executives of the four companies and is compared to literature review. Keywords: major contractors, financial analysis, merger, diversification, internationalisation, concessions.

Type: Thesis (Doctoral)
Title: A financial analysis on major contractors in Greece
Open access status: An open access version is available from UCL Discovery
Language: English
Additional information: Thesis digitised by ProQuest.
UCL classification:
URI: https://discovery.ucl.ac.uk/id/eprint/1566905
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