No decision has been made whether or not to conduct exploratory drilling for hydrocarbons in the sea areas of Crete, the management of Helleniq Energy clarified on Thursday, in the teleconference with analysts for the presentation of the results of 2023. He reiterated that in the interim the seismic data collected from these areas will be interpreted, and at the end of the year, after consultation with the partners participating in the consortium, there will be updates.

The group’s managing director, Andreas Siamisisreferred to the ongoing voluntary exit program, pointing out that it is aimed at renewing staff, reducing costs, but also adapting to the new data created by new technology and digitization that eliminates some jobs.

Mr. Siamisis emphasized that investments in new forms of energy will proceed only if they are economically viable. Finally, as far as renewable sources are concerned, the target is 1 gigawatt by the end of 2025.

Helleniq Energy announced operating profit (EBITDA) of €1.237 billion for 2023 and comparable net profits to 606 million. Production increased by 13% and more than 50% was channeled into exports.