29/08/2007
PRESS RELEASE
First half 2007 financial results
Marfin Investment Group today reported its results for the first half ended June 30, 2007.
 Net profit for 1H 07 rose almost six fold to €366.2m compared to 1H 06 y/y
 Net profit from continuing operations increased by 290% to €99.3m in 1H 07 y/y
 Return on Equity (RoE) from continuing operations reached 28.7%.
Highlights of 1H 07 operating performance
Net profit after tax and minorities for 1H 06 rose 695% to €366.2m compared to €52.7m in 1H 06.
Earnings have been boosted by €267.9m through the disposal of MIG’s banking assets to Marfin
Popular Bank as part of a planned restructuring programme
Revenues from continuing operations rose 388% y/y to €99.3m corresponding to a Return on
Equity (RoE), based on operating profits of 28.7%. Cost has been well contained at €2.8m despite
strong business expansion.
The two most important developments having taken place during 1H 07 are the successful
implementation of the group’s restructuring programme accompanied by the disposal of the
group’s banking assets to Marfin Popular Bank and the launching of €5.19bn capital increase. That
capital increase which has been the largest to date internationally, launched by an investment
company was completed in July 2007.
Commenting on the 1H 07 results, MIG’s Executive Vice Chairman Andreas Vgenopoulos made the
following statement: “We are pleased to report another set of exceptionally strong results. The
successful completion of the recent €5.2bn capital increase has set the stage for MIG to become
the leading Investment and Holding Company in the South East region. We are excited about the
investment opportunities in the region. We also believe that through our strong positioning, and
regional expertise we possess a significant completive advantage, which should enable us to
deliver strong investment returns and share holder value creation over the medium to long term.
Already operating trends evidenced in 1H 07 set the pace for the group to command a strong
operating performance during 2007, which should allow for a generous dividend distribution
policy.”
MIG’s BoD will convene on the 12th of September to decide how the group will contribute towards
the recent nation’s natural disaster related to extensive fires.
1