The group’s like-for-like EBITDA profits amounted to €570 million, a performance that sets the stage for a good year, despite the second half looking more difficult so far in terms of the refining environment.
The company’s CEO, Andreas Shiamishis, highlighted: “In the second quarter of 2024, the good operational performance continued, which, combined with a positive refining environment, led to satisfactory financial results. Of note is the development in external markets, both with an autonomous presence and through exports, as well as the expansion of the RES portfolio.”
Implementation of the Vision 2025 strategic plan
Given that the energy transition requires a realistic approach, investments in reliable technologies and a calculated assumption of financial risk, the implementation of the Vision 2025 strategic plan is progressing with specific moves.
The main pillars continue to be the improvement of the existing refining and marketing portfolio, as well as the development of a second pillar in RES, with the short-term objective of operating 1 GW of RES projects and adding around 100 million euros to the group’s operating profitability.
An important role in the strategy is the exploitation of synergies (technical, commercial and financial) across the entire range of activities. Finally, an important pillar of the strategy is the investment and development of human resources through the renewal, development and, where necessary, reinforcement of the group’s staff, in a manner compatible with future plans and the constantly changing environment.