11
The developments concerning the European debt
crisis, the energy costs, the course of the US dollar
but also the monetary policy that the Central Banks
will follow, are expected to be the principal factors
that will determine developments in the sector dur-
ing the months to come. Especially the persistently
high prices in the oil market, linked largely to geo-
political factors such as the continuing instability in
the Arab countries, are intensifying cost pressures.
For the Energy Sector, 2012 was a turning point as,
following the completion of the Group’s energy in-
vestment plan, this was the first year during which
the Sector participated fully in the year’s results,
contributing nearly 31% of the Group’s consolidated
turnover – a contribution that matches those of the
Group’s other business activity sectors.
The full commercial operation of all of the Group’s
thermal plants in 2012, is expected to continue
into 2013 and to have a growing contribution to the
Group’s financial results, although this will be af-
fected by the conditions of reduced demand and in-
creased production capacity, especially from RES,
and by the structural problems which the electricity
market is facing and which inevitably affect perfor-
mance. With a total of 1.2 GW of energy assets in
full operation, the Group has secured the critical
size required to draw the maximum possible ben-
efits from the deregulation of the natural gas mar-
ket and from the potential for using alternative raw
material sources in the production of electricity,
through the supply of Liquefied Natural Gas (LNG),
as well as from the impending full deregulation of
the domestic market for electricity.
•
More than
2.500
employees
•
Listed on the ATHEX
•
Dominant
independent
energy producer
in Greece, with
•
1,2 GW
from thermal
plants already in full operation
•
400 MW
from RES plants
in operation by 2015
•
Strong, competitive European
Heavy Industry Group in Energy,
Metallurgy and Construction
•
Turnover – 2012:
€ 1,454 million
•
EBITDA – 2012
€ 170.1 million
•
Net Profit – 2012
€ 21.7 million
MYTILINEOS GROUP
at a glance
