higher
multiplier
effect,
contribute
significantly
to
the
increase
in
GDP
and
to
the
strengthening
of
employment.
In
2023,
GEK
TERNA
Group
will
continue
to
implement
its
strategy
for
continuous
development
in
the
Greek
and
international
markets
in
the
fields
of
infrastructure,
production,
supply,
and
trading
of
electricity
and
in
the
concessions
in
the
field
of
RES,
Concessions
in
general
and
in
the
Construction
sector.
The
objective
is
to
maintain
its
leading
position
in
the
Greek
market
and
to
pursue
its
sustainable
development
in
the
international
markets
in
order
to
achieve
a
satisfactory
diversification
of corporate risk and to maintain return on equity at satisfactory levels.
The
Group's
investment
plan
continues
intensively
in
all
areas
of
its
activity
(infrastructure,
concessions
-
PPPs,
energy
production
and
storage,
circular
economy
-
environmental
projects),
with
the
total
investments
planned
or
in
which
the
Group
participates,
in
the
medium
term,
expected
to
exceed
the
value 10 bn euros.
With
the
investments
that
are
in
progress
and
those
that
will
follow,
GEK
TERNA
Group
creates
thousands
of
well-paid
jobs,
giving
the
opportunity
to
the
Greek
scientific
workforce,
to
our
young
men
and
women
to
live
with
dignity
and
optimism
for
the
future
in
their
homeland,
but
also
to
those
who
left we provide the incentive to gradually return back to the country.
The prospects for achieving the targets for 2023 and beyond are positive given that:
In the Construction Operating Segment:
The
Group,
mainly
through
its
100%
subsidiary
TERNA
S.A.,
has
been
operating
in
the
construction
segment
for
almost
half
a
century,
both
in
the
Middle
East
and
in
the
Southeast
Europe,
executing
a
wide
range
of
large
and
complex
public
and
private
projects,
of
high
budgets
and
complex
know‐how,
such
as
construction
of
motorways
and
rail
networks,
buildings,
hospitals,
museums,
industrial
facilities, hydroelectric projects, dams, industrial facilities, power plants, etc.
The
prospects
for
the
coming
years
are
in
favor
of
improving
the
financial
performance
of
this
operating
segment,
while
the
backlog
of
construction
objects
is
maintained
at
high
levels,
amounting
to
approximately
2.9
bn
euros
on
31.12.2022
whereas
at
the
date
of
approval
of
the
attached
financial
statements with the new agreements signed or to be signed this backlog stands at 5.3 bn euros.
In
addition,
the
prospects
of
the
construction
sector
in
Greece
are
particularly
positive,
as
in
the
coming
years
the
budget
of
the
new
projects
to
be
auctioned
may
exceed
under
certain
conditions
the
level
of
30 bn euros, of which a significant part is estimated to be executed by the Group.
At
the
same
time,
the
existence
of
synergies
that
will
result
from
the
execution
of
new
investments
within
the
Group
(Concession
of
Egnatia
Motorway,
development
of
the
Integrated
Tourist
Complex
in
Hellinikon,
PPP
of
the
Northern
Road
Axis
of
Crete
and
implementation
of
the
investment
program
in
the
RES
sector,
as
well
as
the
construction
of
large
pumping
projects)
will
further
boost
the
potential
financial size of the particular sector.
It
should
be
noted
that
the
execution
of
the
above
projects
will
deliver
significant
positive
multiplier
results to the Greek Economy.
The
Group,
with
the
consistency
and
the
high
sense
of
corporate
social
responsibility
that
distinguishes
its
actions
for
years
now,
will
remain
a
leader
in
the
construction
sector
and
will
seek
to
increase
the