Group Profile
AX Group is a diversified group of companies, that operates across multiple sectors, including construction, development, healthcare, real estate, hospitality and renewable energy. We are committed to challenging the status quo, setting new industry standards, and exceeding expectations in all that we do.
Who we are
From our humble beginnings, AX Group has grown steadily over the past four decades to become one of Malta’s most respected diversified corporations. Our reputation for excellence is built on a legacy of delivering innovative, high-quality projects that consistently enhance the value of the core sectors in which we operate.
Our mission
At AX Group we strive to leverage our entrepreneurial skills to deliver high-quality innovative developments. This is achieved by inspiring our people to learn from our past, and to embrace the future with courage and optimism.
our Values
Creativity
We harness the creativity and ingenuity of our people to develop new solutions, identify different lines of business, and pursue new opportunities to move the business forward.
Determination
We endeavour to create projects with exceptional quality that exceed client expectations. We seek to remain at the forefront of innovation to inspire growth and progress in the industries we operate in.
Integrity
We deliver on what we promise by operating on a level of transparency and trust. We act ethically in the interest of the environment and communities we work in.
chairman’s statement
With great satisfaction, I am pleased to share with you the progress and notable achievements of the AX Group during 2022.
In my report for 2021, I had stated that this year would be a very busy year. It is evident to both myself and the AX Group’s management team that this year has not only been characterized by a significant level of activity, but also by a great
deal of strategic focus.
Financials
AX Group, with the full backing of the family and the Board of Directors, look ahead to new growth, and further investment in its core businesses with optimism.
Revenue
- Revenue (€’000)
Ebitda
- Ebitda (€’000)
SEGMENTED REVENUE
- Construction works, building materials and management services
- Healthcare
- Rental income
- Hospitality and entertainment
- Sale of property and real estate
- Dividends receivable
TOTAL AND NET ASSETS
- Total Assets (€’000)
- Net Assets (€’000)
Key accounting ratios
CEO Review
2022 was a year of significant change and despite various challenges, we look back positively at what we achieved during the year.
Our Brands
Business Sectors
Business Functions
Beyond the Business
ESG Alliance
AX Group continues to embed strategic ESG goals across all of its business divisions.
Pink October Initiatives
In support of Pink October, AX Head Office staff raised funds for local NGO Europa Donna Malta.
Clean Up for Earth Day 2022
To celebrate Earth Day in April, AX employees gathered for a widespread initiative to clean up several prominent areas around Malta
Dar San Nikola
Throughout October and November, a renovation project was held in collaboration with Fondazzjoni Sebħ at Dar San Nikola, a children’s residential home in Ħamrun.
AX Foundation
Since its inception, the Foundation has proactively identified gaps in the support services to affect change on a national level and help young people living with disabilities.
board of directors
Angelo Xuereb
Chairman
Michael Warrington
Director / Chief Executive Officer
Denise Xuereb
Executive Director Construction and Development
Claire Zammit Xuereb
Executive Director Hospitality and Care
John Soler
Independent Non-Executive Director
Josef Formosa Gauci
Independent Non-Executive Director
Christopher Paris
Independent Non-Executive Director
Edmond Zammit Laferla
Company Secretary
Executive Management team
Michael Warrington
Director / Chief Executive Officer
Denise Xuereb
Executive Director Construction and Development
Claire Zammit Xuereb
Executive Director Hospitality and Care
Albert Bonello
Chief Financial Officer
Dr. David Wain
Chief Legal Officer
Lawrence Degabriele
Head of Information Technology
Josephine Grima
Head of Human Resources
Kevin Callus
General Manager Sliema and Valletta hospitality properties
Jocelyn Cuomo
Head of Marketing & PR
Joseph Vella
General Manager Qawra hospitality properties
Caroline Schembri
Head of Administration
AX Investments Board of Directors
Angelo Xuereb
Chairman
Michael Warrington
Executive Director
Chev. Phillip Ransley
Independent Non-Executive Director
Dr. Patrick Galea
Independent Non-Executive Director
Josef Formosa Gauci
Independent Non-Executive Director
Dr. Ian Vella Galea
Company Secretary
