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

Gazilas, Emmanouil Taxiarchis (2023): Financial Assessment of Greece's Top 10 Energy Enterprises Amid the Covid-19 Pandemic. Published in: Finance & Accounting Research Journal

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Energy Companies, Financial Resilience, COVID-19 Pandemic, Financial Ratios, Greece
• Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing > M41 - Accounting

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