Public Power Corporation

SAP Announces Q1 2024 Results

Retrieved on: 
Monday, April 22, 2024
Cloud, AI, HR, Partnership, Infrastructure as a service, Unico, Growth, LyondellBasell, Vaillant Group, Commerce, NVIDIA, Annual report, SAP, Sumitomo Heavy Industries, ZF Friedrichshafen, Tax, Public Power Corporation, The Blind, Visa, Platform as a service, ERP, MTN, House, Dell, Supervisory board, Aldo Group, Moody's Investors Service, Teleology, Sky, Curtiss-Wright, Coca-Cola Europacific Partners, Software as a service, APJ, Platform, Share repurchase, AGM, Cintas

IFRS operating profit in the first quarter was impacted by a €2.2 billion restructuring provision associated with the 2024 transformation program.

Key Points: 
  • IFRS operating profit in the first quarter was impacted by a €2.2 billion restructuring provision associated with the 2024 transformation program.
  • As of March 31, 2024, SAP had repurchased 10,024,841 shares at an average price of €137.62 resulting in payouts of approximately €1.38 billion under the program.
  • In 2024, SAP is further increasing its focus on key strategic growth areas, in particular business AI.
  • Reflecting re-investments into strategic growth areas, SAP expects to exit 2024 at a headcount similar to year-end 2023.

PPC Lights Up Fiber Broadband Connectivity in Greece with Adtran

Retrieved on: 
Thursday, November 17, 2022
Telecommunications, Software, Utilities, Networks, Internet, Energy, Data Management, Technology, Public Power Corporation, Human, PPC, FSE, PON, Internet, ADTN, Electricity, Internet service provider, ADTRAN

When expanded nationwide, PPC plans to support all local broadband service providers and connect over three million homes and businesses with fiber over the next four years.

Key Points: 
  • When expanded nationwide, PPC plans to support all local broadband service providers and connect over three million homes and businesses with fiber over the next four years.
  • Supporting the utilitys current sustainability, digitization and growth initiatives, PPC wanted to deploy a future-proof, nationwide wholesale fiber network to expand its business opportunities and help connect its country to higher broadband speeds.
  • PPC selected the Adtran open, disaggregated , 10G fiber access platform to deploy its pilot broadband access network infrastructure.
  • Adtran is helping service providers, utilities and municipalities of every size and in every region of the world launch multi-gigabit fiber access services.

Finacity Facilitates Increase and Renewal of Accounts Receivable Securitization Program to EUR 300 million for the Greek State-Controlled Public Power Corporation S.A.

Retrieved on: 
Monday, July 18, 2022
Solution, PPC, Public Power Corporation, GLOBE, Program, LLC, EUR, Hellenic State (1941–1944), ATHEX, Growth, Electricity, Bank

STAMFORD, Conn., July 18, 2022 (GLOBE NEWSWIRE) -- Finacity Corporation (Finacity), a White Oak Company, today announced that it has facilitated an increase from EUR 200 million to EUR 300 million of the commitment capacity for the accounts receivable securitization program for Public Power Corporation S.A. [ATHEX: PPC] (PPC), the largest Greek electricity generator and the principal supplier of electricity in the country.

Key Points: 
  • STAMFORD, Conn., July 18, 2022 (GLOBE NEWSWIRE) -- Finacity Corporation (Finacity), a White Oak Company, today announced that it has facilitated an increase from EUR 200 million to EUR 300 million of the commitment capacity for the accounts receivable securitization program for Public Power Corporation S.A. [ATHEX: PPC] (PPC), the largest Greek electricity generator and the principal supplier of electricity in the country.
  • Finacity provided analytic and structuring support, as well as serving as the ongoing transaction administrator.
  • Public Power Corporation, a Greek State-controlled entity, is the leading player in the Greek energy market.
  • PPC supplies power to approximately 6.3 million customers throughout Greece and is the largest power generation company in the country.