Aimed at 10% of shares her, the PPC It will proceed with a new program of buying equity, as announced by Group Managing Director George Stassis during the information of analysts about the financial results of the first quarter of 2025.
Specifically, PPC already has 6% of its shares and wants to get an additional 4% to reach 10%, because it is the best investment it can make, according to Mr Stassis.
It is worth noting that Mr Stassis confirmed this year’s EBITDA target of 2 billion euros, with profits exceeding € 400 million and investment amounting to 3.5 billion euros.
Investments of the First quarter of EUR 500 million mainly concerned the growth of RES, while investments planned for the next three years (2025-2027) relate to the operation of energy storage projects, totaling 600 MW.
PPC currently has 6.2 GW of RES, of which 700 MW were added in the first quarter. The Group’s goal for 2027 is to reach 11.8 GW, that is, to add 5.6 GW over the next 18 months.
Concerning discussions about HEDDIE’s WACC, the PPC chief executive stressed that negotiations with RAAEE continue without the amount of WACC being finalized. However, he seemed optimistic by saying that he would achieve positive results.
At the same time, the development of PPC fiber has already reached 1 million houses, targeting 1.5 million and in the second half PPC will launch the service in wholesale and retail.
The dividend distribution proposal is EUR 0.40 per share at the Regular General Meeting of shareholders on June 25, 2025, with a cut of cut off July 21, 2025.