Helleniq Energy had a good start to the year with more resilient margins compared to its peers. The adjusted EBITDA was €404m, moderately down 7% qoq but up by 3x yoy. Decarbonization efforts continue with a green hydrogen project nearing investment and a pilot biofuel project in the implementation process. The company is likely to announce an acquisition in the renewable asset space, probably outside Greece.
24 May 2023
Q1: Refining margins and high sales volumes underpin the results
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Q1: Refining margins and high sales volumes underpin the results
- Published:
24 May 2023 -
Author:
Elif Binici -
Pages:
3
Helleniq Energy had a good start to the year with more resilient margins compared to its peers. The adjusted EBITDA was €404m, moderately down 7% qoq but up by 3x yoy. Decarbonization efforts continue with a green hydrogen project nearing investment and a pilot biofuel project in the implementation process. The company is likely to announce an acquisition in the renewable asset space, probably outside Greece.