HELLENiQ ENERGY Holdings SA (LTS:0K9U)

Q3 2024 HELLENiQ ENERGY Holdings SA Earnings Call Transcript

Nov 14, 2024 / 04:00 PM GMT

Release Date Price: €8.31

Transcript

Key Points

Positve

HELLENiQ ENERGY Holdings SA (HLPMF) reported a strong operational performance across all business units, including refining, marketing, and renewables.
The company achieved a nine-month EBITDA of three-quarters of a billion, indicating robust financial health.
Renewables are becoming more noticeable in the company's numbers, with plans to reach one gigawatt of capacity in the next 18 months.
The company has approved an interim dividend of 20 cents per share, reflecting confidence in its financial outlook.
HELLENiQ ENERGY Holdings SA (HLPMF) has successfully refinanced its debt, resulting in lower spreads and extended maturity profiles, improving financial stability.

Negative

The benchmark refining market environment was one of the worst in years, negatively impacting third-quarter results.
There is a delay in the renewables project due to connection terms, affecting the timeline for reaching net-zero electricity supply.
The company faces challenges with inappropriate trading practices in the domestic market, impacting margins.
HELLENiQ ENERGY Holdings SA (HLPMF) is dealing with the impact of a solidarity contribution, which affected financial results.
There is uncertainty regarding the timeline and outcome of strategic decisions related to the company's stake in DEPA and its joint venture with Edison.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HEPr.AT - HELLENiQ ENERGY Holdings SA
Q3 2024 HELLENiQ ENERGY Holdings SA Earnings Call
Nov 14, 2024 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. I'm Basilius. Your course call operator, welcome. And thank you for joining the Hellenic Energy Holdings conference call and live webcast to present and discuss the third quarter and nine months, 2024 financial results. At this time, I would like to turn the conference over to Mr Andreas JMI, CEO, Mr Yorio Alexopoulos, Deputy CEO General Manager Group, strategic Planning and new activities. Mr Vasilisa Group, CFO Mr Dinos Panas General Manager, Oil Supply and Sales and Mr Nicos Katos, investor Relations manager. Gentlemen, you may now proceed.

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Unidentified_2 [2]
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