The Athens Stock Exchange dropped 0.59 percent on August 6 as sellers maintained control for a second consecutive session despite gains by Metlen. The General Index closed at 2,608.44 points after starting positively before turning into negative territory. The daily high reached 2,644.68 points, while the daily low was 2,606.53 points.
Daily trading turnover surpassed 316 million euros across the exchange. The high-capitalization index fell 0.55 percent to 6,657.11 points, while the mid-capitalization index dropped 0.24 percent to 3,148 points. The banking index remained flat with marginal losses of 0.01 percent at 3,034 points.
Banking shares presented mixed movements during the session. Piraeus Bank lost 0.80 percent to 9.97 euros and Eurobank fell 1.03 percent to 4.43 euros. Alpha Bank gained 0.36 percent to 4.50 euros, while National Bank recorded gains of 1.05 percent to 16.34 euros.
Gains were led by Metlen up 2.88 percent, Revoil up 3.72 percent, Cenergy up 3.21 percent, and Jumbo up 1.18 percent. Decliners were led by PPC down 4.07 percent, YKNOT down 3.08 percent, GEK Terna down 2.79 percent, and OTE down 2.27 percent.
Metlen earnings and market valuation
Metlen announced net profits of 313 million euros for the first half of the year shortly before the session opened, along with historic high EBITDA of 550 million euros. The company acted as the main market support, recording strong growth in both Athens and on the London Stock Exchange. Its market capitalization reached 7 billion euros.
PPC and HelleniQ Energy corporate results
PPC reported recurring EBITDA of 552 million euros for yesterday, up 2 percent year-on-year, on revenues of 2.21 billion euros, which rose 1 percent. Net result after minority interests increased 28 percent to 118 million euros, while adjusted net profit reached 140 million euros, up 19 percent. For the first half of 2026, recurring EBITDA for PPC reached 1.24 billion euros, an increase of 24 percent that covers roughly 52 percent of management's annual target.
HelleniQ Energy presented strong second-quarter results, with adjusted EBITDA reaching 442 million euros. That figure doubled year-on-year, beating Euroxx estimates by 29 percent and market average forecasts by 14 percent. Adjusted net profit reached 253 million euros, while the realized refining margin rose 63 percent to 22.5 dollars per barrel. Inventory gains led published EBITDA to 849 million euros and net profit to 571 million euros.
Coca-Cola HBC and Motor Oil transactions
Coca-Cola HBC reported financial results above expectations. Organic revenues grew 9.6 percent, comparable EBIT increased 15.2 percent, and comparable earnings per share rose 15 percent to 1.51 euros.
Motor Oil agreed to transfer a 75 percent stake in Helector and Thalis to AKTOR at an enterprise value of 300 million euros while retaining the remaining 25 percent. Completion of the transaction is expected by the end of the first quarter of 2027.
IPTO agreement and Cenergy outlook
IPTO reached an agreement with Meridiam, which is expected to acquire a 66 percent stake in the project company for the Great Sea Interconnector, while IPTO retains 34 percent. IPTO will remain a strategic shareholder, maintaining technical responsibility and operating the interconnection after completion. IPTO, GSI, and Nexans also signed a strategic agreement to accelerate the project, prioritizing submarine surveys and finalizing the cable route.
Cenergy management sent a positive message during an analyst briefing, attributing the upgrade of its 2026 adjusted EBITDA target to 390-420 million euros to backlog portfolio momentum and strong first-half performance. The company expects margins on high and extra-high voltage cables to remain elevated while evaluating production capacity expansion in the United States and prospective acquisitions.
Viohalco profits and airport passenger figures
Viohalco reported first-half revenues of 4.3 billion euros, up 14 percent, while adjusted EBITDA increased 18 percent to 446 million euros. Net profit rose 62 percent to 219 million euros, driven by cable and aluminum operations. Net debt decreased 12 percent year-on-year to 1.5 billion euros, despite capital investments of 237 million euros.
Athens International Airport reported a 4.7 percent increase in passenger traffic for July, reaching 3.93 million passengers. International traffic grew 5.3 percent to 2.79 million passengers, while domestic traffic rose 3.4 percent to 1.14 million passengers. Over the first seven months of 2026, total passenger traffic reached 19.68 million passengers, an increase of 4.5 percent, as aircraft movements grew 3.8 percent to 165,800 flights.
