AVAX raises 2030 EBITDA target to EUR 230 million for AVAX stock

Published on 10/13/2026 at 04:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached EUR 472.0 million versus EUR 467.5 million in 2025. AVAX stock had net profit of EUR 27.3 million.

Key points in brief

AVAX raised its 2030 EBITDA target to EUR 230.0 million from EUR 150.0 million on October 7, 2026.
First-half 2026 revenue reached EUR 472.0 million, up 0.96 percent from EUR 467.5 million.
AVAX stock was last at EUR 3.37 on the Athens exchange on October 12, 2026.
The revised plan includes EUR 700.0 million of investment through 2030 and leverage below 3.00 times.

AVAX, GRS213213002, Illustration mit AI erstellt.

AVAX (ISIN GRS213213002) raised its 2030 EBITDA target to EUR 230.0 million from EUR 150.0 million on October 7, 2026, according to CNN Greece. The EUR 80.0 million increase puts construction, concessions and energy at the center of the group's 2030 plan.

Guidance rises by EUR 80.0 million

The revised target represents a 53.33 percent increase over the previous EUR 150.0 million plan. Construction is assigned EUR 120.0 million of 2030 EBITDA, compared with EUR 90.0 million previously, while concessions are targeted at EUR 55.0 million versus EUR 35.0 million, Naftemporiki reported on October 7, 2026.

Energy could add EUR 30.0 million to the target as AVAX examines operating solar assets of 250 megawatts and storage systems of 200 megawatts. The investment plan requires EUR 700.0 million of capital, with EUR 570.0 million expected from non-recourse financing, while management plans to keep net debt to EBITDA below 3.00 times through 2030.

Revenue grows while profit declines

AVAX's first-half 2026 results show stronger revenue but lower earnings. According to the company's September 23, 2026 release, turnover rose 0.96 percent to EUR 472.0 million from EUR 467.5 million in the first half of 2025, while EBITDA fell 2.57 percent to EUR 68.3 million from EUR 70.1 million.

Net profit after tax declined 4.21 percent to EUR 27.3 million from EUR 28.5 million in the comparable period. At the same time, project work-in-hand reached EUR 3.0 billion, up from EUR 2.76 billion at the end of 2025, giving the higher long-term target a larger contracted base.

What does the plan require?

The strategy shifts part of AVAX's earnings mix beyond construction. Management aims for at least 45.00 percent of total EBITDA to come from non-construction activities by 2030, while expected operating cash flow from construction and concessions totals EUR 500.0 million through that year.

The chronology is clear. On July 21, 2026, shareholders received a gross dividend of EUR 0.10 per share, according to Naftemporiki. On September 23, 2026, first-half revenue reached EUR 472.0 million. On October 7, 2026, the 2030 EBITDA target moved to EUR 230.0 million from EUR 150.0 million.

AVAX stock stays below EUR 4.00

AVAX stock was last at EUR 3.37 on the Athens exchange on October 12, 2026 at 5:11 p.m. EEST. The same market data showed a 52-week range of EUR 2.17 to EUR 3.99 and a market capitalization of EUR 499.8 million as of October 12, 2026. The stock therefore remains EUR 0.62 below its 52-week high, while execution of the EUR 700.0 million investment plan is the central issue behind the longer-term target.

The further course of trading is shown by the continuously updated real-time quote of AVAX stock.