Germanos Group

The Germanos Group (Greek: Όμιλος Γερμανός) is a Greek holding company based in Athens, Greece.

Germanos Group
TypePrivate
IndustryRetail, manufacturing
Founded1980
FounderPanos Germanos
HeadquartersAthens, Greece
ProductsRetail stores, batteries
RevenueDecrease€329.61 million (2014)[1]
Decrease€18.87 million (2014)[2]
Total assetsDecrease€307.68 million (2014)[3]
Total equityDecrease€208.22 million (2014)[4]
Number of employees
2,613 (2014)
ParentCosmote
SubsidiariesGermanos Chain of Stores, Evalue
Websitehttp://www.germanos.gr

History

The Group started as a battery shop in Athens in 1980 and since then has expanded into retail when it opened its first store by the same year. In 2003 Germanos in a joint operation with Folli Follie bought a 40% stake of the Hellenic Duty Free shops. In 2006 it was acquired by Cosmoholding Cyprus Ltd., a subsidiary of the mobile operator Cosmote.

Battery manufacturing

Germanos Group's focus is battery manufacturing for vehicles and electronic devices, while the retail part of electronic goods is given to the chain of stores by the same name.

Environment

The Germanos Group has been operating a battery recycling program called Dias Bat since 2004. In every Germanos Store batteries are collected and given for recycling, thus reducing the negative effect of battery consumption to the environment.

Subsidiaries

International expansion

The Germanos group through its subsidiary's chain of stores has expanded into Cyprus as well as in Eastern Europe:

References
  1. http://company.germanos.gr/documents/11443/18392/GERMANOS+IFRS+%CE%A0%CE%99%CE%9D%CE%91%CE%9A%CE%91%CE%A3+%CE%9C%CE%95+%CE%A3%CE%A4%CE%9F%CE%99%CE%A7%CE%95%CE%99%CE%91+%CE%9A%CE%91%CE%99+%CE%A0%CE%9B%CE%97%CE%A1%CE%9F%CE%A6%CE%9F%CE%A1%CE%99%CE%95%CE%A3+31.12.2014+GR.pdf
  2. http://company.germanos.gr/documents/11443/18392/GERMANOS+IFRS+%CE%A0%CE%99%CE%9D%CE%91%CE%9A%CE%91%CE%A3+%CE%9C%CE%95+%CE%A3%CE%A4%CE%9F%CE%99%CE%A7%CE%95%CE%99%CE%91+%CE%9A%CE%91%CE%99+%CE%A0%CE%9B%CE%97%CE%A1%CE%9F%CE%A6%CE%9F%CE%A1%CE%99%CE%95%CE%A3+31.12.2014+GR.pdf
  3. http://company.germanos.gr/documents/11443/18392/GERMANOS+IFRS+%CE%A0%CE%99%CE%9D%CE%91%CE%9A%CE%91%CE%A3+%CE%9C%CE%95+%CE%A3%CE%A4%CE%9F%CE%99%CE%A7%CE%95%CE%99%CE%91+%CE%9A%CE%91%CE%99+%CE%A0%CE%9B%CE%97%CE%A1%CE%9F%CE%A6%CE%9F%CE%A1%CE%99%CE%95%CE%A3+31.12.2014+GR.pdf
  4. http://company.germanos.gr/documents/11443/18392/GERMANOS+IFRS+%CE%A0%CE%99%CE%9D%CE%91%CE%9A%CE%91%CE%A3+%CE%9C%CE%95+%CE%A3%CE%A4%CE%9F%CE%99%CE%A7%CE%95%CE%99%CE%91+%CE%9A%CE%91%CE%99+%CE%A0%CE%9B%CE%97%CE%A1%CE%9F%CE%A6%CE%9F%CE%A1%CE%99%CE%95%CE%A3+31.12.2014+GR.pdf
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