TABLE OF CONTENTS

Summary
Methodology and Restrictions of the Study
Methodology of Sector Studies
Restrictions

1. Introduction – General Information on the Sector
1.1 Introduction
1.2 Description of Activity
1.3 Regulatory Framework
1.3.1 General Information
1.3.2 Investments and Development Law

2. The Demand for 3PL Services
2.1 Factors that Shape Demand
2.2 Macroeconomic Environment

3. Sector Supply
3.1 Structure and Breakdown of the Sector
3.2 Distribution of Sector Companies
3.3 Presentation of 3PL Service Providers
3.4 Sales of Sector Companies
3.5 Average Annual Rate of Change of Companies’ Sales

4. Sector Risk Analysis
4.1 Development of the Sector’s Creditworthiness
4.1.1 Creditworthiness Assessment of Assessed Businesses
4.1.2 Change in the Evaluation of Assessed Businesses
4.1.3 Creditworthiness of the Sectors: “Warehousing” and “Transportation Services”
4.2 Development of the Sector’s Transaction Behaviour
4.2.1 Transaction Behaviour of Assessed Businesses
4.2.2 Transaction Behaviour of the Sector: “Warehousing”
4.2.3 Transaction Behaviour of the Sector: “Transportation Services”
Appendix Chapter 4

5. Financial Analysis of Sector Companies
5.1 Financial Ratios of Sector Companies
-Profitability
-Performance
-Liquidity
-Financial Structure
-Activity
5.2 Consolidated Balance Sheet Analysis
5.2.1 Structure of the Assets and Liabilities of the Consolidated Balance Sheet into Major Accounts
5.2.2 Share (%) of Major Sector Companies in Total EBITDA
5.3 Benchmarking of Companies’ Financial Ratios
5.4 Ranking of Sector Companies based on Profitability, Assets and Equity
5.5 Ranking of Sector Companies based on Selected Ratios
Appendix Chapter 5

6. The Domestic 3PL Services Market
6.1 Total Market Size of 3PL Services
6.2 Breakdown of the 3PL Services Market by Type of Service
6.3 Breakdown of the 3PL Services Market by Product Category
6.4 Breakdown of the 3PL Services Market by Broader Sector of Activity of the Customer Company
6.5 Market Shares & Degree of Concentration in the Sector

7. Sustainable Development and ESG Actions
7.1 Results of Primary Research on Sustainable Development & ESG in Businesses
7.2 ESG Actions of Sector Companies

8. International and European Market Data
8.1 International Trends in 3PL Services
8.2 Global 3PL Market Data – Major Companies
8.3 LPI (Logistics Performance Index)
Appendix Chapter 8

9. Sector Strategic Analysis
9.1 Analysis of the Competitive Environment
-Threat of New Entrants
-Threat of Substitute Services
-Bargaining Power of Suppliers
-Bargaining Power of Customers
-Competitive Rivalry within the Industry
9.2 SWOT Analysis
9.3 Conclusions – Sector Prospects
9.4 Proposals to Improve the Competitiveness of Businesses
Appendix I: Economic Overview
Appendix II: Balance Sheets of Sector Companies
Appendix III: List of Sector Studies carried out by the Department of Economic Research, ICAP CRIF S.A.
•Benchmarking of Sector Companies

TABLES & GRAPHS

TABLES

Table 1.1 Minimum Investment Amount by Size of Entity
Table 2.1 Essential IT Capabilities of 3PL Providers
Table 2.2 Development of the Turnover and Volume Indices in Retail Trade (2017-2026)
Table 2.3 Monthly Development of the Turnover and Volume Indices in Retail Trade (7M 2025 – 7M 2026)
Table 2.4 Development of the Turnover Index in Wholesale Trade (2017-2026)
Table 2.5 Monthly Development of the Turnover Index in Wholesale Trade (6M 2025 – 6M 2026)
Table 2.6 Development of the General Industrial Production Index (2017-2026)
Table 2.7 Development of Average Annual Turnover Indices in Transport (2022-2026)
Table 3.1 Overview of Third-Party Logistics (3PL) Service Providers
Table 3.2 Sales of Third-Party Logistics (3PL) Service Providers (2021-2025)
Table 3.3 Change in Sales of Sector Companies (2021-2025)
Table 4.1 Creditworthiness of Assessed Businesses (2026*-2025)
Table 4.2 Change in the Evaluation of Assessed Businesses (2026*/2025)
Table 4.3 Creditworthiness of the Sector: Warehousing (2026*)
Table 4.4 Creditworthiness of the Sector: Transportation Services (2026*)
Table 4.5 Transaction Behaviour of Assessed Businesses (2026-2025)
Table 4.6 Transaction Behaviour of the Sector: Warehousing (2026-2025)
Table 4.7 Transaction Behaviour of the Sector: Transportation Services (2026-2025)
App. Table 4.1 Creditworthiness Ratings – ICAP CRIF SCORE
Table 5.1 Profitability Ratios of Sector Companies (2021-2025)
Table 5.2 Performance Ratios of Sector Companies (2021-2025)
Table 5.3 Liquidity Ratios of Sector Companies (2021-2025)
Table 5.4 Financial Structure Ratios of Sector Companies (2021-2025)
Table 5.5 Activity Ratios of Sector Companies (2021-2025)
Table 5.6 Consolidated Balance Sheet of Sector Companies (2021-2025, in €)
Table 5.7 Percentage Changes in the Consolidated Balance Sheet of Sector Companies (2021-2025)
Tables 5.8-5.17 Financial Ratios of Major Companies and Comparison with the Sector (2023-2025)
Table 5.18 Ranking of Sector Companies by Gross Profit (2024-2025)
Table 5.19 Ranking of Sector Companies by Net Profit (2024-2025)
Table 5.20 Ranking of Sector Companies by EBITDA (2024-2025)
Table 5.21 Ranking of Sector Companies by Assets (2024-2025)
Table 5.22 Ranking of Sector Companies by Equity (2024-2025)
App. Table 5.1 Financial Ratios Formulae
Table 6.1 3PL Services Market Size (1999-2026)
Table 6.2 Producer Price Index for Warehousing Services (2021-2026)
Table 6.3 Market Shares of 3PL Service Providers (2025)
Table 6.4 Concentration Ratio (2025)
Table 8.1 Global Ranking of the Top 50 3PL Companies by Gross Logistics Revenue (2021-2025)
Table 8.2 Logistics Performance Index – Greece (2007-2023)
App. Table 8.1 Global Ranking of the Top 100 Countries based on the 2023 LPI (Logistics Performance Index)
Table 9.1 Forecast of the Total Value of the 3PL Services Market (2026-2028)

GRAPHS

Graph 2.1 E-Commerce Data (2024-2025)
Graph 2.2 Annual Rate of Change (%) of GDP in Volume Terms in Greece (2011-2025)
Graph 2.3 Development of Indicators for Greece and the EU-27 (2025-2027)
Graph 3.1 Geographical Distribution of 3PL Companies
Graph 3.2 Distribution of 3PL Service Providers by Number of Employees (2026)
Graph 3.3 Distribution of 3PL Service Providers by Warehouse Area (2026)
Graph 3.4 Distribution of Companies by Average Annual Sales Growth Rate (2021-2025)
Graph 4.1 Ranking of Assessed Businesses by Creditworthiness (2026*)
Graph 4.2 Change in the Evaluation of Assessed Businesses (2026*/2025)
Graph 4.3 Ranking of Companies in the “Warehousing” Sector by Creditworthiness (2026*)
Graph 4.4 Ranking of Companies in the “Transportation Services” Sector by Creditworthiness (2026*)
Graph 5.1 Development of Sector Profitability Ratios (2021-2025)
Graph 5.2 Development of Sector Performance Ratios (2021-2025)
Graph 5.3 Development of Sector Activity Ratios (2021-2025)
Graph 5.4 Structure of Assets and Liabilities of 25 Sector Companies (2025)
Graph 5.5 Share (%) of Selected Major Sector Companies in Total EBITDA* (2025)
Graph 5.6 Number of Sector Companies Showing Improvement or Deterioration in Key Accounts (2024-2025)
Graph 5.7 Ranking of Companies by EBITDA Margin (2025)
Graph 5.8 Ranking of Companies by Net (Pre-Tax) Profit Margin (2025)
Graph 5.9 Ranking of Companies by Return on Equity (2025)
Graph 6.1 Development of the Value of the 3PL Services Market (2017-2026)
Graph 6.2 Breakdown of the 3PL Market by Type of Service (2026)
Graph 6.3 Breakdown of the 3PL Market by Major Product Category (2025)
Graph 6.4 Breakdown of the 3PL Market by Broader Sector of Activity of the Customer Company (2025)
Graph 7.1 Importance of Sustainable Development and Degree of ESG Practice Implementation at Corporate and National Level
Graph 7.2 Comparative Results Regarding the Degree of ESG Practice Adoption at Corporate and National Level (2026-2025)
Graph 7.3 Distribution (%) of Companies’ Total ESG Budget by Main Pillar (2025)
Graph 7.4 Which ESG Initiatives Do You Consider Most Important to Share with All Stakeholders?
Graph 7.5 Department Responsible for Managing ESG Initiatives
Graph 7.6 Communication Channels Used to Report ESG Initiatives
Graph 7.7 Usefulness of Benchmarking Your Company’s ESG Performance against Other Companies in the Sector
Graph 7.8 Frequency of Assessing and Monitoring Progress on ESG Matters
Graph 7.9 Use of Software to Collect and Monitor ESG Performance Data
Graph 7.10 Participation in National and International Networks Related to Sustainable Development and ESG
Graph 7.11 Cost of ESG Initiatives (2025)
Graph 7.12 Change in Expenditure on ESG Initiatives (2025/24)
Graph 7.13 Level of Familiarity with the Omnibus Directive
Graph 7.14 Degree of Impact of the Omnibus Directive
Graph 7.15 Impact of the Omnibus Directive on Companies’ ESG Timelines
Graph 7.16 Impact of the Extension on Greek Companies
Graph 7.17 Degree of Implementation of Environmental ESG Initiatives
Graph 7.18 Degree of Implementation of Social ESG Initiatives
Graph 7.19 Degree of Implementation of Corporate Governance ESG Initiatives
Graph 7.20 Benefits Derived by Companies from Implementing ESG Practices
Graph 7.21 Main Barriers to the Implementation of ESG Initiatives
Graph 8.1 Distribution of Participants
Graph 8.2 Technological Capabilities Required of 3PL Service Providers
Graph 8.3 Global 3PL Market
Graph 8.4 Greece LPI Scorecard (2016-2023)