In ESA, we delivered a strong financial performance in 2018, both in revenues, by reaching €38,3M(21,3% organic growth) and in EBITDA, by exceeding 3,8% vs 1,2% in 2017. Alongside the revenue growth, the number of human resources reached a new high level of 2,750 employees during summer period, when demand for transportation sector contracts (Airport, Ports, Railways) reach their peak.
Furthermore, operations maintained the very high contract retention rate of 95%. ESA has strengthened even further our portfolio with new contracts, mainly in its targeted sectors of transportation, energy and retail; cumulatively representing a total of 71% of turnover.
Regarding Q1 results of 2019, our company’s CEO, Vassilis Antonopoulos, commented:
“Our strong performance continued in the first quarter of 2019 with accelerated growth to all divisions of manned guarding & electronic security systems. In Q1, we signed and successfully started implementing new material contacts of €5,5M annual value. Thus, we proudly announce ESA cooperation with “Hellenic Petroleum refineries”, “Four Seasons Hotels & Resorts of Asteras Vouliagmenis” compound, “Sunlight industries” and Public Retail stores.
In ESA, we continue to build our capabilities to design and deliver integrated security solutions, combining people and technology to offer our customers more effective and value adding solutions. Our holistic approach and compact values is the basis in order to carry on and develop long-term strategic partnerships.
As a result, based on the ongoing strategy implementation, and new contracts generated and signed in Q1, we anticipate a 25% organic growth for 2019. Moreover, upon the completion of our plan, we expect to deliver strong results over the next three years.”