DEH/PPC Electric company offices in Greece

ΔΕΗ/DEH (Δημόσια Επιχείρηση Ηλεκτρισμού/Dimosia Epicheirisi Ilektrismou), or the Public Power Corporation (PPC) in English, is the Greek electric company supplying power to more than 95 percent of retail customers in Greece.
Residents and commercial business representatives need to visit an office in person to start, stop, restart or change services, sign up for special rates, and customers may also pay, challenge or change the name on electric bills.
To find a location in Greece, see Καταστήματα ΔΕΗ in Greek or look below at the list in English, an option currently unavailable on the DEH website or anywhere else. Please note that the list is arranged alphabetically — not by prefecture or municipality — and divided into sections: Athens, Mainland Greece and Greek Islands.
Greek state-controlled electric utility Public Power Corp. SA (PPC.AT) said Thursday its second-quarter net profit dropped 60% on falling sales and rising costs but added it was on course to meet full-year targets.

"Taking into account the developments in demand, sales and estimated costs, on the basis of first seven months we are on course to meet our budgeted targets for the full year of 2010," said Chairman and Chief Executive Arthouros Zervos.

For the three months to June 30, the company reported a net profit of EUR90.4 million. Revenue for second-quarter eased 4.1% to EUR1.40 billion.

The results were below market expectations of EUR102.1 million in net profit, but broadly in line with revenue of EUR1.39 billion forecast in a Dow Jones Newswires poll of nine analysts.

Operating income, as measured by earnings before interest, taxes, depreciation and amortization, or Ebitda, was down 37% at EUR298 million, falling short of market expectations of EUR315.4 million.

Broker HSBC Pantelakis Securities said the company results missed their estimates as well as consensus figures on lower demand and higher expenses. Analyst Paris Mantzavras said: "The results were worse than expected as lower demand and a worse sales mix hurt the top line, and the bottom line was weighed down by higher energy and fuel purchase costs in the second quarter as well as an unfavorable generation mix."

CEO Zervos said that the company's new business plan will be postponed until after the government decides on how to liberalize the electricity market.

Greece 's one-time monopoly power company has seen demand slip as the Greek economy falls further into recession and due to increased competition from rival power producers.

These problems have been compounded by higher fuel costs, additional expensive energy purchases as well as an unfavorable euro exchange rate.

At 0906 GMT, PPC shares were up 0.6% at EUR11.98.

The company trades at a price-to-earnings ratio of 6.3 times forecast 2011 earnings and a price-to-book value of 0.4 times. PPC has a market capitalization of about EUR2.85 billion.

Posted in: ΓΕΝΙΚΑ,ΔΕΗ