2020 ANNUAL REPORT
2020 ANNUAL REPORT
IN
TRANSITION

“Our vision is to facilitate the energy transition by changing our core business to maximize returns, while developing a diversified energy portfolio”

I. PAPATHANASIOU

I. PAPATHANASIOU

Chairman
A. SHIAMISHIS

A. SHIAMISHIS

Chief Executive Officer
MESSAGE TO SHAREHOLDERS
0 million

Adj. EBITDA
Positive Operating Profitability
despite the COVID-19 crisis

0 %

Financial Cost reduction over the last four years, at multi-year lows

increase in exports to 8.8 million MT

0 %
> 0 € million

Safe and successful completion of the Aspropyrgos full turnaround with >€35 million investments in environmental
upgrade projects

Immediate and effective management of the COVID-19 pandemic crisis

Net-Zero

Aiming for 50% improvement of the Group’s environmental footprint by 2030 and net-zero emissions by 2050

0 MW

Development of a significant portfolio in Renwable Energy Sources - New PV project in Kozani 204MW, one of the largest in Europe

0 million

in investments to accelerate strategy implementation / 20% of Group’s total investments for sustainability and environmental improvement projects

0 million

contribution to the National Health System to support COVID-19 pandemic efforts – the largest by a private corporation in Greece

OUR STRATEGY

Updated Group strategy for growth, considering rapid changes in the environment”

All the Group's activities recorded satisfactory performance, despite the impact of the COVID-19 pandemic which negatively affected the global business environment

BUSINESS ENVIRONMENT & OPERATIONS