Hellenic Petroleum CEO Andreas Shiamishis sent a double message regarding the events that are causing turmoil in the energy market and concern the green transition and the Ukrainian one.
During a teleconference with analysts yesterday afternoon, Mr. Shiamishis wanted to warn the market for the developments following Russia’s invasion of Ukraine. Closing the briefing, he said: “We have to expect a lot of challenges in the next few months. Not only from the economic but also from the geopolitical plane”, he noted characteristically having preceded the explosion of Brent oil over $ 100 a barrel and the explosion of TTF gas prices up to 144 euros / MWh.
The management of HELPE was also asked by the analysts whether HELPE on the occasion of the imposition of sanctions against legal entities of Russia if they are affected by them. Mr Shiamishis’ response was that “we do not procure oil directly from Russian producers but from international traders”.
On green transition
The CEO of HELPE a supporter until the presentation of the new strategy of the Vision 2025 group, a few months ago, appeared more restrained yesterday, having of course been preceded by the energy crisis and the emergence of EU dependence. from fossil fuels.
It was the second message he wanted to convey and more specifically he noted: “We must be realistic and careful concerning green transition. The group has a clear agenda for their energy transformation and will seek to achieve the green goals “, he hastened to emphasize, but then stressed:” It is necessary to avoid cultivating expectations that are not feasible either due to technology or due to of the funds required or because of the energy costs that will arise “.
Financial performance
The management of the group did not hide its satisfaction from last year in terms of financial figures. HELPE achieved a record of exports of petroleum products at 9 million tons, while the net published profits marked the second highest performance in their history as they amounted to 341 million euros.
The positive financial results of the listed company, enable the management to propose to the general assembly the distribution of a dividend of a total amount of 120 million euros. Shareholders will receive 0.40 euros per share in April and 0.10 euros per share after the general meeting. In addition, a dividend of 130 million euros from the participation of HELPE in the profits of DEPA Commerce will be distributed to the shareholders.
Its executives described 2021 as a milestone year, when the structural changes in the group began. In fact, they presented the achievement of many of the goals they had set. The culmination of this effort will be the change of name, “something that is expected in the coming weeks,” as noted by the CEO.
RES
Special mention was made in the field of RES with the management emphasizing to the analysts that with the completion of the photovoltaic in Kozani 204 MW, the group will be in operation in the first quarter of 2022 in operation of green power generation systems with a total capacity of 300 MW.
It was also announced the acquisition of a portfolio of wind and photovoltaics with a total capacity of 54 MW. These are two wind farms 38 MW in Evia and 16 MW in Viotia.
Elpedison and DEPA Commerce
The management of HELPE also referred to Elpedison, the company that they have along with Edison in electricity generation and energy supply. They said that within the first half of 2022 they will make the investment decision for the new CCGT 826 MW station, while regarding the scenarios that want the company to be interested in acquisitions of smaller companies, the comment was the following: “The value of small companies is debatable. We monitor the market closely. We have nothing more to add to that. ”
Regarding the position of the oil group in DEPA Commerce (35%), the management executives told the analysts that given the suspension of the sale by the Hellenic Republic Asset Development Fund, the management continues to consider the available options for this share.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
