In the investment plan of 9 billion Euros for the next three years, with an emphasis on renewable energy sources, on further penetration in Southeast Europe and the modernization of networks, as well as on planning for de-lignification and for expansion into new markets and activities (telecommunications , electrification etc.) the interest of the analysts was focused on the presentation of PPC’s new business plan which took place yesterday in London.

More than 200 analysts from the largest international markets houses were present at the event, which lasted over two hours, while it is indicative that several participated remotely.

“Our updated strategic plan 2024-2026 revolves around three pillars: a clean and resilient production portfolio, modernization of the distribution network and customer centricity,” pointed out the group’s president and CEO, Giorgos Stassis.

The new business plan envisages operating profitability (EBITDA) of 2.3 billion Euros in 2026 and doubling (compared to current levels) to 3 billion in 2030. It also envisages a significant increase in investments of 130% compared to the three years 2021-2023, at 9 billion Euros mainly in RES, network upgrading and new activities, which will be financed mainly from the Group’s operating cash flows and borrowing, 80% of which has already been secured. RES will make up more than 2/3 of the total installed capacity in 2026 from 43% today and will reach 8.9 gigawatts in 2026.

Despite the significant investments, the Net Debt/EBITDA ratio is expected to be 3.3x, i.e. at levels below the upper limit of 3.5x set by the Management.