EPSO-G Group Reports Consolidated Results for H1 2024
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EPSO-G Group Consolidated Operating Results
The EPSO-G group of energy transmission and exchange companies announces its consolidated financial and performance results for the group, which consists of the holding company EPSO-G, Amber Grid, Baltpool, Energy cells, EPSO-G Invest, Litgrid, and Tetas.
Main Financial Indicators for H1 2024
The key financial indicators for January-June 2024 are detailed below:
Financial Overview
Main financial indicators
Revenue, million EUR: 246.4 (up from 221.1 in January-June 2023, a change of +11.5%)
EBITDA, million EUR: 52.4 (up from 44.2 in January-June 2023, a change of +18.5%)
Net profit, million EUR: 30.4 (down from 31.5 in January-June 2023, a change of -3.6%)
Return on Equity (ROE), %: 17.2 (an improvement from -2.5 in January-June 2023)
Net debt, million EUR: 16.6
Adjusted EBITDA, million EUR: 38.4 (up from 31.3 in January-June 2023, a change of +22.4%)
Adjusted net profit, million EUR: 18.5 (up from 11.4 in January-June 2023, a change of +62.9%)
Adjusted ROE (last 12 months), %: 10.0 (from 9.5 in January-June 2023)
Net Debt to Adjusted EBITDA Ratio: 0.3
Indicator Adjustments
Adjusted figures reflect recalculations of regulated income, costs, and profitability indicators due to temporary regulatory deviations from profitability measures approved by the National Energy Regulatory Council (NERC). Adjustments also consider income from previous periods.
Financial Statements and Contacts
The condensed consolidated and separate financial statements of the EPSO-G group as of June 30, 2024, are enclosed. For more information, please contact:
Gediminas Petrauskas, EPSO-G Communication Partner
Tel. +370 610 63306, e-mail gediminas.petrauskas@epsog.lt
Frequently Asked Questions
What are the key financial results for EPSO-G in H1 2024?
The key results include revenue of 246.4 million EUR, EBITDA of 52.4 million EUR, and a net profit of 30.4 million EUR.
How does the revenue in H1 2024 compare to H1 2023?
Revenue in H1 2024 increased by 11.5% compared to H1 2023.
What factors contributed to the adjusted EBITDA growth?
Adjusted EBITDA growth was due to recalculations related to regulated income, costs, and profitability indicators as approved by NERC.
Is there any significant change in EPSO-G's net debt?
The net debt reported is 16.6 million EUR, indicating stability in this area.
Who can I contact for more information regarding EPSO-G's financial results?
For further inquiries, you can contact Gediminas Petrauskas, EPSO-G Communication Partner at +370 610 63306 or via email at gediminas.petrauskas@epsog.lt.
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