Public Power Corp. SA (PPC), Greece’s largest electricity producer, said revenue from power sales likely fell about 7 percent last year.
The company said it sees a earnings before interest, taxes, depreciation and amortization margin of around 14 percent, lower than the figure for the nine-month period. That was mainly due to a higher energy mix cost after the Athens-based company saw “significantly lower” hydro generation, according to a Regulatory News Statement late yesterday.
The company’s earnings may be hurt further from a potential increase in provisions for payments due by third-party suppliers, the statement said.
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