PPC S.A. announces that the Board of Directors approved the budget of the Group for 2011. The budget is based on assumptions for Brent oil at $96/bbl and a €/$ exchange rate of 1.25, while the key financials are estimated to be as follows:
Revenues from energy sales : € 5.1 bln.
Total Revenues : € 5.8 bln.
EBITDA Margin : ~24%
It is noted that Group results are impacted, among other, by fluctuations in €/$ exchange rate, oil, natural gas and electricity prices as well as the price of CO2 emission rights, which could cause deviations from the budgeted figures.
Athens, February 7, 2011
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