Spyros Delendas, the CEO of Mevaco, is leading the company to a remarkable turnaround as its market value approaches 100 million euros, a significant increase from 8 million euros in 2015 and 16 million euros in 2020. This growth is not spontaneous; it is the result of a methodical recovery of the company's financial health, showcasing industrial resilience in the face of economic challenges.

The past few years have seen a financial resurgence, with net profits rising from negative levels in 2018 and 2020 to 3.1 million euros in 2022. Looking ahead, projections estimate the company will scale these profits further to 5 million euros by 2024, reflecting a positive trend that suggests continuing operational improvements and strategic growth. This trajectory is significant not only for Mevaco but also for the context of the Greek renewable energy sector, which is increasingly becoming a focal point for investment and innovation.

Such a sharp increase in market value highlights the broader implications for industrial stakeholders in Greece, emphasizing a growing confidence in the renewable energy market. As Mevaco thrives under Delendas’ leadership, it could potentially inspire other companies within the sector to pursue aggressive turnaround strategies, thereby contributing to a more robust and sustainable economic framework in Greece and furthering the country’s energy transition goals.