GEK TERNA enters new growth phase with strong backlog and cash flow

GEK TERNA Chairman and CEO Giorgos Peristeris announced that the Group is entering a new phase of growth driven by a high-quality portfolio and strong cash flow predictability. During an analyst conference following the first-half results, management highlighted the company's financial flexibility and significant investment opportunities.

In the concessions sector, Attica Odos has seen a 2.5% increase in traffic since the beginning of the year. Furthermore, planned road infrastructure interventions in the Attica region are estimated to represent a construction and investment market worth 2 to 3 billion euros.

The construction division maintains a strong long-term outlook with an order backlog of 8.9 billion euros. In the energy sector, the company expects to complete the Motor Oil transaction within the current year and intends to exercise a call option for the Amphilochia storage project.

Financially, the parent company remains debt-free with 280 million euros in net cash. While the Group's adjusted net debt stands at 3.82 billion euros due to mandatory accounting consolidations, over 85% of this is non-recourse project finance linked to the Attica Odos and Egnatia Odos concessions.