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Financial Assessment of Greece's Top 10 Energy Enterprises Amid the Covid-19 Pandemic

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  • Gazilas, Emmanouil Taxiarchis

Abstract

This study conducts a comprehensive financial assessment of Greece's ten largest energy companies during the tumultuous period of 2019 to 2022, amidst the unprecedented challenges posed by the COVID-19 pandemic. Employing a meticulous analysis of crucial profitability ratios, I delve into the financial resilience and adaptability of these firms within the ever-evolving energy sector landscape. My findings reveal a diverse spectrum of financial performances during the early pandemic years (2019-2020), with notable discrepancies in net profit margins. As the world transitioned to the post-pandemic era (2021-2022), I witnessed varying degrees of adaptability, with certain companies demonstrating impressive resilience while others grappled with shifting market dynamics. This research underscores the imperative of tailored financial strategies and adept cost management practices within the energy sector to effectively weather the challenges of an uncertain world. The insights gleaned offer valuable guidance to industry stakeholders and decision-makers in navigating the complex terrain of Greece's energy landscape.

Suggested Citation

  • Gazilas, Emmanouil Taxiarchis, 2023. "Financial Assessment of Greece's Top 10 Energy Enterprises Amid the Covid-19 Pandemic," MPRA Paper 121312, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:121312
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    File URL: https://mpra.ub.uni-muenchen.de/121312/1/MPRA_paper_121312.pdf
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    References listed on IDEAS

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    1. Apergis, Nicholas & Payne, James E., 2014. "Renewable energy, output, CO2 emissions, and fossil fuel prices in Central America: Evidence from a nonlinear panel smooth transition vector error correction model," Energy Economics, Elsevier, vol. 42(C), pages 226-232.
    2. Green, Richard J & Newbery, David M, 1992. "Competition in the British Electricity Spot Market," Journal of Political Economy, University of Chicago Press, vol. 100(5), pages 929-953, October.
    3. Sensfuß, Frank & Ragwitz, Mario & Genoese, Massimo, 2008. "The merit-order effect: A detailed analysis of the price effect of renewable electricity generation on spot market prices in Germany," Energy Policy, Elsevier, vol. 36(8), pages 3076-3084, August.
    4. Paul L. Joskow, 2011. "Comparing the Costs of Intermittent and Dispatchable Electricity Generating Technologies," American Economic Review, American Economic Association, vol. 101(3), pages 238-241, May.
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    Cited by:

    1. Gazilas, Emmanouil Taxiarchis, 2024. "Urban Fixed-Line Telecommunication Density and Its Influence on Financial Outcomes in Greece's Leading Telecom Firms," MPRA Paper 122531, University Library of Munich, Germany.
    2. Emmanouil Taxiarchis Gazilas, 2024. "Does Urban Fixed-Line Telecommunication Density Influence Profitability and Operational Efficiency in Greece's Telecommunications Industry?," Finance, Accounting and Business Analysis, University of National and World Economy, Institute for Economics and Politics, vol. 6(2), pages 228-239, December.

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    More about this item

    Keywords

    Energy Companies; Financial Resilience; COVID-19 Pandemic; Financial Ratios; Greece;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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