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1. Information about MYTILINEOS HOLDINGS S.A.
1.1 General Information
Mytilineos Holdings S.A. is today one of the biggest industrial Groups internationally, activated in the sectors of
Metallurgy, EPC, Energy, and Defence. The Company, which was founded in 1990 as a metallurgical company
of international trade and participations, is an evolution of an old metallurgical family business which began
its activity in 1908.
Devoted to continuous growth and progress and aiming to be a leader in all its activities, the Group promotes
through its long presence its vision to be a powerful and competitive European Group of “Heavy Industry”.
The group’s headquarters is located in Athens – Maroussi (5-7 Patroklou Str., P.C. 151 25) and its shares were
listed in the Athens Stock Exchange in 1995.
The financial statements for the year ended 31.12.2013 (along with the respective comparative information for
the previous year 2012), were approved by the Board of directors on 24 March 2014.
1.2 Nature of activities
During the last ten years the Group’s activities have expanded from the traditional sector of international
metal’s trading to those of construction and energy. The group aims in the development of synergies between
the three different areas of activities, by delegating the role of management and strategy formation in Mytilineos
Holdings S.A.
The group monitors its performance on Metallurgy & Mining Sector through the subsidiaries “Aluminium S.A.”
(Alumina–Aluminium) and “Sometra S.A.” (Zinc–Lead). Zinc – Lead Sector was the first which effected from
the negative economic environment mainly due to the decrease on demand, the increasing prices of coke and
the difficulty to find appropriate Raw Materials. All the above mentioned reasons lead the General Assembly of
the company on 26.01.2009 to suspend temporary the production activity (note 6.30).
The Group through its subsidiary METKA is the leading and most specialized EPC Constructor in Greece and
expanded in competitive markets abroad with value of pending construction contracts amounting to €1,7 bil.
Since June 2010, “MYTILINEOS HOLDINGS S.A.” has become the sole shareholder of “ENDESA HELLAS
PRODUCTIONANDTRADEOFELECTRICALPOWERS.A.”, which isnowrenamed into “PROTERGIAPRODUCTION
AND TRADE OF ELECTRICAL POWER S.A.”. The acquisition of the full control of “ENDESA HELLAS” marks
“MYTILINEOS HOLDINGS S.A.” establishment as the country’s largest independent energy producer with a
portfolio of 1.2 GW of installed capacity from thermal plants in operation by 2012 and over 1,000 MW RES in
different stages of development.
2. Basis for preparation of the financial statements
The consolidated financial statements of MYTILINEOS S.A. as of December 31st 2013 covering the entire 2013
fiscal year, have been compiled based on the historic cost principle as is amended by the readjustment of
