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g) The «Engineering, Procurement, Construction and commissioning of an ALSTOM GT 13E2 gas-turbine, of
146 MW» in Jordan, with a contractual value of $ 100 million and 2 million JOD, which recorded a turnover
of € 35,4 million.
The METKA’s Group and the company gross profit margin reached 20,4 % and 19,7% respectively, while the
EBITDA (earnings before interest, taxes depreciation and amortization) of the METKA Group were € 101,8
million (16,78%). Accordingly the METKA’s Company EBITDA amounted € 54,5 million (13,48%).
The METKA’s Group net earnings after taxes and non-controlling stakes amounted to € 91,6 million, and
METKA’s Company amounted to € 44,4 million.
The METKA’s Group net cash at hand at the end of FY 2013 reached € 124,9 million, a considerable increase,
which despite the negative economic climate remain in a high level.
The financial position of the METKA Group on December 31, 2013 continues to be satisfying and reflects its
economic stability and its future perspectives. The total equity in December 31, 2013 amounted to € 450 million
in comparison to the € 370 million of December 31 2012, demonstrating an increase by 21,6%.
Energy Sector
In the domestic market, demand for electricity in 2013 continued to be negatively affected by the weak economic
conditions and posted an annual decline of 3.7% from the previous year.
As regards production, RES-based electricity production posts rapid growth mainly from PV plants, whose total
installed capacity at the end of 2013 exceeded 2,000 MW. The System Marginal Price (SMP), as established in
the wholesale electricity market, shrank by 26.9% in 2013 relative to the previous year.
As regards the market liberalisation process, considerable delays persist in terms of the entry of private
producers in the retail market as well as in terms of their access to base units.
The commercial operation of the PROTERGIA Ag. Nikolaos plant and of the KORINTHOS POWER plant in June
2011 and April 2012, respectively, marked the completion of the first phase of the Group’s 1.2 GW investment
plan in thermal plants.
The Group has been established as the second largest energy player after the PPC and a significant share of
its turnover and core profitability now come from the Energy sector.
In particular, the effect to the Group’s turnover as well as operational and net profitability during 2013
compared to the previous fiscal year are the following:
