Press Releases

Following a series of meetings with international institutional investors, HELLENIC PETROLEUM S.A. mandated BNP Paribas, Credit Suisse Securities (Europe) Limited, Eurobank Ergasias S.A. and HSBC Bank plc to act as Joint Lead Managers and arrange the issue of a two-year...

Upgraded Elefsina refinery contribution, as well as operational improvements partly offset the negative impact of the weakest benchmark refining margins in a decade.Key figures for the 4Q and FY 2013:4Q124Q13% ΔAll numbers in €mFY12FY13% Δ7845-43%Adjusted EBITDA444178-60%22(35)-Adjusted Net Income232(117)-(29)(98)-Net Income86(269)----Capital Employed4,3503,905-10%The...

Positive 3Q13 results, on Elefsina refinery optimization, increased exports and improved operational performance across our businesses,despite the challenging international refining environmentKey figures for the 3Q period to 30 September 2013 are:3Q123Q13All numbers in €m9M129M132,9933,404Sales Volumes – Refining (‘000 MT)9,56610,2469374Adjusted EBITDA36613312375EBITDA28540631Adjusted...

Elefsina refinery operation drives sales volumes increase and doubling of exports The particularly challenging refining environment has negatively affected profitability Key figures for the 2Q period to 30 June 2013 are: 2Q12 2Q13 All numbers in €m 1H12 1H13 3,258...

1Q13 results reflect a weak environment for Med refiners and specifically the worst ever heating diesel season in Greece. Key figures for the 1Q period to 31 March 2013 are: All numbers in €m 1Q12 1Q13 % Δ Adjusted EBITDA...

HELLENIC PETROLEUM has successfully priced the issue of a 4-year, €500m Eurobond, with an annual fixed coupon of 8%. During two days of the book building process, investors placed orders for approximately €3.5bn, a 7x oversubscription of the final issuance...

HELLENIC PETROLEUM FINANCE PLC, a subsidiary of HELLENIC PETROLEUM SA intends to issue a Eurobond, with a four year tenor and fixed coupon. The Issue will be guaranteed by HELLENIC PETROLEUM SA and the securities will be listed in the...

Positive results despite challenging environment; New Elefsina refinery started contributing and refinancing successfully completed Key figures for the FY and 4Q period to 31 December 2012 are: 4Q114Q12% ΔAll numbers in €mFY11FY12% Δ76782%Adjusted EBITDA36344422%(4)13-EBITDA335298-11%162341%Adjusted Net Income13723270%(48)(30)-Net Income11484-26%---Capital Employed4,2174,3503% The Group...

Hellenic Petroleum S.A. and Hellenic Petroleum Finance PLC (together “Hellenic Petroleum”) are pleased to announce that they have successfully signed a new €605,000,000 Term Loan Facility and a Bond Loan (together “the Facilities”). The Facilities, which were supported by a...

Positive 3Q results and full commercial operation of the upgraded Elefsina refinery Key figures for 3Q & 9M 2012: 3Q11 3Q12 All numbers in €m 9M11 9M12 70 93 Adjusted EBITDA 287 366 70 123 EBITDA 339 285 (17) 63...

On October 18th, 2012 Hellenic Petroleum subsidiary, OKTA AD-Skopje, was unpleasantly surprised to be informed of FYROM Customs Authorities decision, regarding the revocation of the oil derivatives simplified import - export procedure license.Such a decision is based on unfounded accusations...

On September 22nd 2012, The Wall Street Journal published an article titled “IMF: Lack of Competition Hurts Greek Fuel Market”, extracts of which were reproduced by Greek media. This article, allegedly based on a draft internal report by the International...

Strong operating results on refining performance and cost control.Reported results affected by inventory losses.Elefsina refinery commissioning phase completed; commercial operation in 3Q12Key figures for 2Q & 1H 2012:Adjusted EBITDA 2Q12: €197m (2Q11: €144m) 1H12: €272m (1H11: €217m)EBITDA 2Q12: € 54m...

Satisfactory results despite deteriorating domestic market environment; Elefsina nearing completion – Ready for Start-up in 2Q12. Key figures for the 1Q 2012 are:Adjusted EBITDA 1Q12: € 75m (1Q11: € 72m)EBITDA 1Q12: €108m (1Q11: €165m)Adjusted Net Income 1Q12: € 45m (1Q11...

HELLENIC PETROLEUM management presented the Group’s strategy and prospects to Greek institutional investment community representatives during an event organised by Eurobank EFG Equities in Athens, on Thursday 26 April 2012.Start-up of the upgraded Elefsis refinery and its impact on the...