Eureka! Institutional Repository

The food and beverage industry of the Greek economy is characterized by a large number of companies with strong competition and a steady course of growth and progress. This industry contributes to a large extent to the domestic productive activity and is one of the main sectors of manufacturing in Greece. During the last decade, after 2010 and while the implementation of restrictive policies has had a significant negative impact on most industries of the Greek economy, the food and beverage one has proven to have strong foundations and that is capable of withstanding crises. In the context of this dissertation, a financial analysis was prepared for five of the most well-known companies in this industry, all of which are listed on the Greek Stock Exchange Market and are characterized by a profitable course during the last five years. The purpose of conducting the analysis is to investigate the financial conditions that characterize these companies and can thus contribute to a better understanding of the conditions prevailing in the industry and shape the financial course of the companies. For this purpose, a study of the evolution of key financial figures deriving from the financial statements over time was conducted, as well as an analysis through financial ratios of five companies, Coca Cola 3E, Evrofarma, Kri Kri, Loulis Mills and Ktima Lazaridis, during the last five years (2016-2020). This analysis concludes that the industry is indeed characterized by stability in most areas of financial interest (liquidity, capital structure, activity, profitability), while it is interesting that with the exception of Kri Kri, which has proven to have the best performance in most ratios and figures studied, the food and beverage companies avoid dividend distribution, at least during the recent years, despite the fact that they remain profitable over time.