The sharp increase in the cost of energy, problems in the supply chain and high inflation are the problems that worry most companies on Afinsky Avenue. In the current period, companies listed on the stock exchange publish their financial results for the first half of the year, which implies that most of them managed to improve their performance compared to last year, as well as the corresponding period. 2019. At the same time, companies are forced to operate in an environment of uncertainty that hurts their revenue and profitability. But how do they cope with this changing environment?

In energy and industrial production, the Mytilineos Group notes that thanks to targeted measures in relation to energy costs and security of supply, it manages to remain unscathed, but at the same time record historically strong results, strengthening the first half by 116%, in 166 million euros of net profit after rights minorities. He estimates that economic performance will steadily improve in the coming quarters as important new investments such as the 826 MW power plant, the expansion of aluminum production capacity, as well as important investments in renewable energy, are gradually being completed.

Motor Oil has opted to use alternative fuels such as heating oil, naphtha and LPG at its refinery, and as a result, skyrocketing natural gas prices are not impacting it. In order to further increase revenues, the company begins expanding exports to the Middle East, the UK, Cyprus and the Balkans.

Judging by the financial results for the first half of the year, most of the listed companies managed to improve their performance.

Elvalhalcor’s aluminum-copper industry is considering replacing natural gas with LPG, a mixture of propane and butane. To hedge cash flows associated with the natural gas market and fluctuations in its price, the industry conducts transactions with derivative financial instruments (commodity forward start-up swaps). In addition, where possible, he passes the cost on to the client.

Alumil, whose operations in Ukraine (limited due to the war) and in Russia are limited in scope, is seeking to have priority in natural gas supplies.

In retail, Coca-Cola Tria Epsilon notes that economic sanctions in Russia are having a direct impact on oil prices, driving up the cost of PET plastic and aluminum. He also notes that in all the countries where he operates, he is facing increasing inflationary pressures and higher interest rates, and this trend is expected to continue this year. As a result, the purchasing power of consumers may decrease.

Sarantis Group, a consumer products company, says continued high inflation exacerbated by the war in Ukraine is weighing on its first-half profitability. Limiting operating and advertising and promotion costs is one of the measures taken by the listed company to partially offset the pressure on gross margins while remaining constantly focused on increasing its organic profitability.

The catalyst for Aegean and Autohellas is a strong recovery in tourism.

The rapid recovery in tourism has helped listed tourism-related businesses resolve supply chain issues and catch up with the pandemic.

In particular, Aegean’s data for the first half of the year point to normal conditions, as airline president Yutihis Vasilakis said in a conference call with analysts yesterday, Friday.

Vasilakis forecasts Aegean will carry a total of 12 million to 12.5 million passengers throughout 2022, with revenue estimated to be 3-6% lower than in 2019. total distance traveled) is between 94% and 98% of 2019 levels. “This is a significant but not complete recovery in terms of passenger numbers.

The airline’s first-half figures refer to normal conditions – Reinforcing figures for a car leasing company.

Revenue is expected to reach 2019 levels, with uncertainty over fourth quarter results,” Aegean’s president said yesterday.

Greece, according to Aegean’s economic report, has managed to improve its position relative to its competitors and maintain the trend of last year’s tourist season, recording strong first-half tourism while maintaining a strong outlook for the summer. 2022 In any case, the airline faces an increase in the cost base due to higher fuel prices and inflationary pressures.

For its part, short-term and long-term car leasing and trading company Autohellas strengthened its performance in the first half of the year by increasing short-term and long-term leasing, as well as the efficiency of used car recycling in the fleet. as an increase in car trade activity. For example, long-term leases, while suffering from problems in the supply chain of cars and parts, showed growth in size, while there are also backorders.

With this data, the listing company sees numbers as positive for the full year, but it remains to be seen if higher energy costs and possible recession conditions will affect tourist travel.