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George Stassis Claims Public Power Grid Is Armored Against War
6 articles |
Updated 21h ago |
Created 1d ago
Public Power Corporation (PPC) CEO George Stassis declared that the company is exceptionally shielded from war-related disruptions and regional crises in Eastern Europe. He emphasized this resilience by citing a record operating profit of €1 billion for Q3 FY25, which he attributes to robust financial management despite external pressures like sanctions or geopolitical instability ahead of major elections later this year.
Key Points
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1General Manager Giannis Stassidis stated that the public utility company DEH is exceptionally protected from war impacts.
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2The article reports a net profit of €1.2 billion recorded by DEH in fiscal year 2025, attributed to operational efficiency and market dynamics rather than external conflict factors.
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3Stassadis emphasized strong financial resilience for the coming years with projected EBITDA reaching $43 million (€297M) or more depending on currency conversion rates mentioned as €1.6 billion in some contexts but clarified later figures suggest a different projection scale, specifically noting an expected return to profitability by 2025.
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4Stassidis highlighted that DEH's financial position is robust enough not only for the current year (€43M EBITDA) and next fiscal period ($1.6B or €987M depending on interpretation of text), but also projects a return to profitability by 2025.
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5The company remains financially stable despite regional instability in Eastern Europe, with Stassidis asserting that DEH is 'armored' against crisis shocks.
Developments
[Mar 19]
No specific events mentioned for Mar. 20 prior to the earliest headline time of May AM
[May, Morning (approx)]
Headlines published between [5:30] and [7:41]