HELLENiQ ENERGY reported its final results on 29 February. Adjusted net income of €0.6bn was lower than Edison Group’s forecast of €0.64bn. A positive surprise was that the board is recommending a final dividend of €0.60 per share, which was above their expectation of €0.30 per share. Edison believes this reflects management’s confidence in the current shape of the business. The balance sheet has been strengthened year-on-year, with net debt reduced from €1.94bn (at end-FY22) to €1.63bn. Their forecasts are under review.
5 March 2024
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