HelleniQ Energy Holdings S.A. (the former Hellenic Petroleum), one of southeast Europe’s biggest petrochemical concerns, on Friday announced both Q4 2022 and full year results, with the former adjusted EBITDA reaching 465 million euros and adjusted net income of 261 million euros.
Annual adjusted EBITDA reached record-breaking highs, reaching 1.601 billion euros; 1.006 billion euros for adjusted net income.
In an announcement, the ATHEX-listed and partially state-run refinery group said the record-breaking results were “…driven by (a) strong international environment, improved operation of our refineries, exports, but also as a result of the Group’s transformation strategy across its businesses. Retail contribution in Greece and internationally was significant, while investments in RES are exhibiting positive contribution as a new business.”
Sales volume reached to 14.3 million metric tons, with robust exports (49 percent of total sales) and the aviation and marine fuel market improving due to post-Covid recovery in the domestic tourism sector.
As a result, the company’s board of directors proposed to the general assembly the distribution of a final dividend of €0.50 per share, and with the total dividend at €1.15 per share, considering the distribution of €0.40 per share out of DEPA Infrastructure proceeds and the interim dividend of €0.25 per share, which have already been disbursed.
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