PPC to repurchase more shares, CEO says at quarter results presentation

Public Power Corporation (PPC) will announce a new program to repurchase shares that will total up to 10% of the share capital along with the shares repurchased already, Chairman and CEO Georgios Stassis announced on Tuesday.
While presenting PPC's results for the first quarter of 2025, Stassis noted that the proposal will be presented to shareholders at the general meeting in June. He added that the share is very cheap and is "the best investment we could possibly make."
He also noted that the targets for 2025 - including adjusted EBITDA of 2 billion euros and adjusted net profits of 0.4 billion euros after subtracting minority rights - will be met, despite the unfavorable circumstances of the first quarter (low hydroelectric reserves, reduced wind power production in Romania, and revenues from the distribution network). Stassis said that meeting targets in 2025 and following years basically relies on further investments in renewable energy resources, combined with the completion of decarbonization in 2026, "which will abolish activities with negative operational results."
Stassis also added that there are no plans for PPC to enter the mobile telephone market, while the telecommunications network being developed by the Hellenic Electricity Distribution Network Operator will serve as a foundation to provide innovative products with very good margins of profit.