Greek corporate earnings outlook

On 27 July 2026, analyst firm Optima projected a strong quarter for Helleniq Energy, forecasting adjusted EBITDA of €382 million – a 73 % increase year‑on‑year – and an adjusted net profit of €205 million, driven by a favourable refining environment and inventory gains linked to higher oil prices. The same report highlighted Lavipharm’s expected annual sales growth of 25.9 % from 2025‑2030 and a 34.5 % yearly rise in EBITDA, citing new medical‑cannabis products, an OTC antiseptic partnership and upcoming rights acquisitions as profit drivers.

The following day, 28 July 2026, Axia Alpha Finance issued a bullish outlook for Greece’s major banks – Eurobank, National Bank of Greece, Piraeus Bank and Bank of Cyprus – recommending buy ratings and projecting total net profit of €1.43 billion for Q2, with a return on tangible equity of 15.4 %. For the telecom group OTE, the firm expected modest revenue growth to €868.5 million (up 1.6 % YoY) and an adjusted EBITDA of €342.6 million, driven by FTTH expansion, fixed‑wireless rollout, prepaid‑to‑contract migration and growth in TV and ICT services. Together, the two forecasts illustrate a broadly optimistic outlook for key Greek sectors, with strong earnings growth anticipated in energy, pharmaceuticals, banking and telecom throughout 2026.