The company acquires a leading position in South-Eastern Europe – Operating profit of 3 billion euros in 2030
Investments amounting to 9 billion euros for the three years 2024-2026 with the aim of making PPC a leading player in clean energy, infrastructure and services in Southeast Europe, foresees the company’s new Strategic Plan, presented today in London by its president and CEO group, Giorgos Stassis.
The presentation shows, among other things, that after Romania, the group includes Bulgaria and/or the wider region in its development strategy, where it aims to have 1.1GW of installed capacity by 2030. Thus, the conditions are created for the utilization of an energy corridor in wider region with a complementary portfolio of photovoltaic and wind farms, which will allow the exploitation of the different meteorological conditions in each region.
With regard to operating profitability (EBITDA), having reached the target of 1.5 billion euros 2 years earlier than the previous Business Plan, the Group aims for an annual increase of 15% in the coming years. The group’s EBITDA is expected to reach €2.3 billion in 2026 (a 35% increase from the previous target of €1.7 billion for 2026). For 2030, PPC Group aims for an EBITDA of approximately Euro3 billion.
The investment plan emphasizes renewable energy sources as it is predicted that in 2026 the installed RES capacity of the Group will double compared to today and will reach 8.9GW, constituting 68% of the total installed capacity of the PPC Group. This development, in addition to investments in RES, is also linked to the gradual withdrawal of all lignite units that will be completed in 2026, while oil and natural gas units will also be withdrawn.
Regarding distribution networks, the Group aims to invest significantly in modernization and automation. Investment in distribution networks between 2024-2026 will increase by 16% year-on-year, supporting the acceleration of the green transition.
In the electrification sector, an annual EBITDA of 50 million euros is expected in 2030 with total investments of 110 million euros by the end of the decade.
As far as optical fiber networks are concerned, PPC is proceeding with the plan to create a nationwide Fiber to the Home network, based on the competitive advantage of the rapid development of the new network at low cost, through the use of existing infrastructure. PPC aims to have 1 million users and revenues of Euro120 million by 2030, through wholesale.
Also, a dividend distribution is foreseen for the first time after ten years, starting from 35% of the net profits which will increase up to 55%.
The President and CEO of PPC Group, George Stassis, said: “The new PPC Group we envision is internationalized, growth-oriented, healthy, customer-centric and modern to create sustainable value for all stakeholders. The three years 2024-2026 will be three years of investments, amounting to Euro 9 billion, which will create value for the group and goodwill for customers, shareholders, employees and the environment, in all the countries where we operate.
According to our new business plan, PPC Group is strategically positioned in the green transition. We create the green infrastructure and tools for our customers to take advantage of the benefits of a green energy future and the opportunities created by the new electrification era. We consistently strive to be the first choice of customers, not out of habit, but because we are the most modern and environmentally friendly and consumer friendly company in our wider area. The leading clean energy company in South East Europe that plays a leading role in the very competitive international energy environment. We are building on what we have achieved in recent years and the renaissance of the business. We are growing with consistency and financial prudence to ensure that PPC Group will effectively fulfill its critical role in all the countries in which it is present.”
