Avramar is expected to register revenue of 300 million euros and EBITDA of around 50 million euros in 2025, based on “N” sources. Meanwhile, the management of the company is in the process of completing the procedures for the submission by the end of the month of the reorganization plan with the transfer of the company to Aqua Bridge at the Athens Court of First Instance.
According to the debt restructuring plan (term sheet) signed on September 16, 2025, between the company, the banks and the preferred investor Aqua Bridge, it is envisaged, among other things, a horizontal “haircut” of the bank debt, which will amount to approximately 70%, through the reorganization process in accordance with the provisions of Law 4738/2020.
As part of the agreement for the company’s reorganization, the new investor will contribute a total of 60 million euros.
According to information from “N”, on December 31, 2024, the total liabilities of the Avramar group amounted to 580.23 million euros. Short-term liabilities amounted to 546.6 million euros, of which 340 million euros relate to loan liabilities, as last year the group proceeded to reclassify these loan liabilities into short-term liabilities.
In 2025, Avramar group’s revenue is recording a growth rate of 8-9%, while EBITDA seems significantly improved and expected to reach 50 million euros.
