PPC S.A. informs that, as stated in the Chairman and CEO's presentation to the 7th Annual General Meeting of Shareholders on 25.06.09:
- the Pre-tax Profits, including cost savings of €90 million, amount to €621 million in the Budget for 2009
- based on the results of the first five months of 2009 and with the assumption that water inflows and the prices of liquid fuel will be at the budgeted levels for the remainder of the year, it is estimated that profitability will be improved compared to the budget and the EBITDA margin will be app. 26% compared to 21% in the budget.
Athens, June 26, 2009