While everything is getting more expensive, there is something that remains consistently cheap. And this is EYDAP’s water, which is kept at low levels (one of the cheapest waters in the world, as it claims), despite the wave of price increases in recent years.
This development is attributed to the role of the CEO, Haris Sahinis, who has completed five years at the “helm” of the company.
Pending the new regulatory framework, which is estimated to be activated in the fall, the CEO of the listed company has left open the possibility of a partial adjustment of tariffs.
But again, those changes will be small-scale, with the administration insisting on keeping prices down, burdening consumers as little as possible.
Haris Sahinis has managed to exercise this social policy, making use of specific tools.
The estimated reduction in energy costs by 10 million euros in 2024, the prospect of development of RES projects, the possibility of expansion outside Attica, as well as the possibility of acquiring businesses in related sectors give the company a growth potential, with the promise of increasing turnover and improving the profit margin.
In 2023 the company achieved profitability of 20.3 million euros (from 5 million euros in 2022) and a profit margin of 5.8% (from 1.5% the previous year), while it approved the distribution of a dividend of 0.1 euro/share. For this year, Haris Sahinis expects a further improvement in the financial figures and possibly a higher reward to the shareholders.
