Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to Euro 11.4 million, compared to Euro 1.5 million in 2003, while turnover reached Euro 47.3 million compared to Euro 27.2 million in 2003, posting an increase of 74%. This is primarily attributed to the fact that 2004 was the first full year of operation of the renovated Athens Hilton.

Earnings after interest and depreciation amount to losses of Euro 1.8 million, compared to losses of Euro 4.4 million in 2003. The company will not distribute dividend for 2004.