kathimerini.gr
Greek Companies Achieve Record 2024 Profits
Greek listed companies achieved record 2024 profits of €11.484 billion, exceeding the 2023 record of €10.81 billion, driven by strong economic growth, tourism, and recovery fund projects despite rising costs.
- What are the major challenges and uncertainties facing Greek listed companies in 2025, and what is the outlook for their future profitability?
- The sustainability of these impressive results remains a challenge in 2025, given geopolitical uncertainties and US trade policies. However, positive first-quarter readings and company forecasts suggest cautious optimism for continued growth, potentially supported by easing monetary policy.
- How did the performance of Greek listed companies in 2024 compare to previous years, and what role did specific sectors play in the overall results?
- This record profitability reflects the overall health of the Greek economy, despite challenges like rising energy and labor costs. Factors contributing to this success include improved credit ratings, increased tourism, and maturing investments from the Recovery Fund. The operating profits of industrial companies also reached a record high of €15.353 billion.
- What were the key factors driving the record-breaking profits of Greek listed companies in 2024, and what are their immediate implications for the Greek economy?
- In 2024, Greek listed companies achieved record profits of €11.484 billion, a 2.2% year-on-year increase. This surpasses the previous record of €10.81 billion in 2023, driven by strong economic growth, tourism, and recovery fund projects.
Cognitive Concepts
Framing Bias
The framing heavily emphasizes the record-breaking profitability, using phrases like "best and most qualitative ever" and repeatedly highlighting "historical highs." The headline (if one existed) would likely reinforce this positive narrative. This positive framing might overshadow the nuances and complexities of the underlying economic factors, creating a potentially misleading impression of universal success across all sectors.
Language Bias
The language used is largely positive and celebratory, using words like "remarkable," "historic high," and "unprecedented." While these terms accurately describe the financial data, they could be toned down for more neutral reporting. For example, "high profitability" instead of "historic high", or "strong performance" instead of "remarkable performance". The repeated emphasis on record-breaking numbers can be perceived as biased.
Bias by Omission
The article focuses heavily on the positive financial performance of Greek listed companies in 2024, but omits discussion of potential negative impacts or challenges faced by specific sectors or individual companies. While acknowledging some challenges like energy costs and labor costs, a more balanced view would include a deeper exploration of these issues and their consequences for different segments of the market. Omission of specific company examples also limits a complete understanding of the diverse performance across the market.
False Dichotomy
The article presents a largely positive picture of the 2024 financial year, without sufficient counterpoints or acknowledgment of potential future downsides. While acknowledging geopolitical uncertainties, it doesn't fully explore alternative scenarios or potential risks to the continued success reported. The presentation leans towards a simplistic view of sustained success without comprehensive consideration of potential setbacks.
Sustainable Development Goals
The article highlights record-breaking profitability for Greek listed companies in 2024, indicating strong economic growth and potentially improved job creation. Increased turnover, operating profits, and corporate earnings all contribute to a positive impact on decent work and economic growth. The significant increase in dividends also suggests a healthy business environment and potential for increased wages and investment.