# Financial performance of Greek infrastructure companies

> Live situation record from CLSTR: https://clstr.news/situations/financial-performance-of-greek-infrastructure-companies
> Updated: 2026-09-29T06:13:07.000Z. Sources: 21. Developments: 2.

Greek infrastructure companies AVAX Group and AKTOR Group reported strong financial performance for the first half of 2026. AVAX Group recorded a turnover of €472 million and net profits of €27.3 million, supported by a record order backlog exceeding €3 billion. AKTOR Group reported a turnover of €649 million and an EBITDA increase of 38%, with an order backlog of €4.5 billion.

Following these results, AXIA-Alpha Finance issued a ‘Buy’ rating for AVAX Group with a target price of €5.10. Analysts highlighted the company’s substantial order book, which includes major projects such as the Athens Metro Line 4. The assessment noted a strategic shift for AVAX, as the company aims to diversify its profit mix by expanding from construction into concessions, marinas, real estate, and facility management through 2030.

## Timeline

### 2026-09-29: AXIA-Alpha Finance issues Buy rating for AVAX Group

AXIA-Alpha Finance has issued a ‘Buy’ rating for AVAX Group with a €5.10 target price, citing a strong €2.76 billion order book and a strategic shift toward higher-margin concessions and energy projects.

4 sources. https://clstr.news/cluster/axia-alpha-finance-issues-buy-rating-for-avax-group

### 2026-09-23: AVAX and AKTOR report strong H1 2026 financial results

Greek infrastructure firms AVAX and AKTOR report strong H1 2026 results, with AVAX reaching a €3 billion backlog and AKTOR seeing an 85% pro forma EBITDA increase.

18 sources. https://clstr.news/cluster/avax-group-reports-472-million-euros-in-h1-2026-revenue

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Cite as: Financial performance of Greek infrastructure companies. CLSTR, https://clstr.news/situations/financial-performance-of-greek-infrastructure-companies