MYTILINEOS HOLDINGS - SUSTAINABILITY REPORT 2012 - page 34

5. ECONOMIC PERFORMANCE
32
Our consolidated turnover
for 2012 stood at
1,453
million.
The Group’s
Business Investments
reached the amount of
92
million.
We generated a
“social product”
with a total value of
233
million.
D
riven by our desire for contin-
uous development and
progress and seeking to al-
ways be at the forefront of develop-
ments, as we have always done in
the course of our long history, in
MYTILINEOS Group we consistently
pursue our vision to become a strong
and competitive European “heavy in-
dustry” group. In an constantly
changing economic environment,
maintaining high liquidity and miti-
gating financial risk are key to en-
suring the smooth continuation of
investments in all our activity sectors.
Drawing on our highly qualified hu-
man resources, significant assets and
financial robustness, we aim to
achieve a steady organic growth in the
wider region of Europe, Middle East
and Αfrica, and we focus on consol-
idating the significant synergies avail-
able between our core activity sectors,
seeking in this way to ensure their bal-
anced development. At the same
time, through our investment plan, we
develop methods to curtail costs and
we exploit the capabilities of sophis-
ticated risk-hedging tools and tech-
niques to optimise our economic per-
formance in the coming years.
Our core development goal is
“TO EX-
PLOIT THE OPPORTUNITIES OPENING
UP THROUGH THE LIBERALISATION
OF THE ENERGY MARKET”
in
Greece. The Group is currently hold-
ing a dominant position in the Greek
market, as it is the country’s largest
electricity producer after the PPC.
With persistence and a clear focus on
concrete targets, we carried out an
energy investment plan in excess of
€1 billion during the last few years,
managing to overcome business and
regulatory difficulties in the process.
Today, these efforts are rewarded, as
at the end of 2012 a substantial part
of our total turnover and operating
profits came from our activities in the
Energy sector.
In addition, the goals of
“SEEKING
NEW VERTICAL INTEGRATION PROJ-
ECTS OR PROJECTS FOR EXPANDING
METALLURGY OPERATIONS”
and of
“INCREASING COMPETITIVENESS
THROUGH STRATEGIC INVEST-
MENTS AND RISK-HEDGING METH-
ODS”
show the Group’s orientation in
the Metallurgy sector, while the focus
on
“UTILISING THE SIGNIFICANT IN-
DUSTRIAL KNOW-HOW AND IN-
FRASTRUCTURE”
and on
“MAIN-
TAINING THE GROUP’S LEADING
ROLE IN ENERGY PROJECTS IN
GREECE AND EXPANDING ITS OP-
ERATIONS ABROAD”
is indicative of
the Group’s strategic priorities in the
EPC Projects sector.
5.1 Key economic value data
1...,24,25,26,27,28,29,30,31,32,33 35,36,37,38,39,40,41,42,43,44,...100
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