News

EPSO-G Group Reports Consolidated Results for H1 2024

EPSO-G Group Reports Consolidated Results for H1 2024

EPSO-G Group Consolidated Operating Results

The EPSO-G group, which includes energy transmission and exchange companies such as the holding company EPSO-G, Amber Grid, Baltpool, Energy Cells, EPSO-G Invest, Litgrid, and Tetas, has released its consolidated financial and performance results.

Main Financial Indicators for H1 2024

Below are the key financial indicators for the period of January to June 2024:

Financial Overview

Main financial indicators

Revenue, million EUR: 246.4 (an increase from 221.1 in January-June 2023, reflecting a growth of +11.5%)

EBITDA, million EUR: 52.4 (up from 44.2 in January-June 2023, marking a rise of +18.5%)

Net profit, million EUR: 30.4 (a slight decrease from 31.5 in January-June 2023, showing a change of -3.6%)

Return on Equity (ROE), %: 17.2 (a significant improvement from -2.5 in January-June 2023)

Net debt, million EUR: 16.6

Adjusted EBITDA, million EUR: 38.4 (increased from 31.3 in January-June 2023, reflecting a growth of +22.4%)

Adjusted net profit, million EUR: 18.5 (up from 11.4 in January-June 2023, a substantial increase of +62.9%)

Adjusted ROE (last 12 months), %: 10.0 (up from 9.5 in January-June 2023)

Net Debt to Adjusted EBITDA Ratio: 0.3

Indicator Adjustments

The adjusted figures take into account recalculations of regulated income, costs, and profitability indicators, which were affected by temporary regulatory deviations from the profitability measures approved by the National Energy Regulatory Council (NERC). These adjustments also incorporate income from prior periods.

Financial Statements and Contacts

The condensed consolidated and separate financial statements for the EPSO-G group as of June 30, 2024, are included. For additional information, please reach out to:

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 show 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 has risen by 11.5% compared to H1 2023.

What factors contributed to the adjusted EBITDA growth?

The growth in adjusted EBITDA is attributed to recalculations related to regulated income, costs, and profitability indicators as sanctioned by NERC.

Is there any significant change in EPSO-G's net debt?

The reported net debt stands at 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 get in touch with Gediminas Petrauskas, EPSO-G Communication Partner, at +370 610 63306 or via email at gediminas.petrauskas@epsog.lt.

About The Author

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

Top 10 Most Recent News Articles

Pizza: The Unlikely Symbol of Universal Togetherness

Updated Category News Views 0

Why Pizza Is More Than Just Food They say a slice of pizza can tell a story. Whether it's a late-night snack amongst college buddies or the centerpiece of a family's Friday tradition, pizza unites like few others can. It morphs from a study aid into a tool for togetherness without skipping a beat, much like a chameleon of the food world. And no one understands this better...

Continue Reading
D-Wave Faces Legal Questions After CFO Exit and Losses

Updated Category News Views 1

Trouble Brews at D-Wave Quantum Smack in the middle of market chaos, D-Wave Quantum Inc. (NASDAQ: QBTS) seems to have hit a rather gnarly pothole. With disappointing revenue figures for Q2 of 2026—coming in at a measly $3.08 million, far below the expected range of $4.03 million to $4.08 million—investors have more than enough reasons to be irked. When the numbers...

Continue Reading
OneOdio Showcases Innovation at IFA 2026 in Berlin

Updated Category News Views 1

Echoes from Berlin IFA 2026 in Berlin was a cacophony of innovation, as OneOdio wrapped up its showcase with a bang. Boasting interactive activities and live DJ sets, the event echoed OneOdio's drive to meld advanced audio technology with the pulsating needs of music pros and everyday listeners. You couldn’t miss the excitement in the air at Booth 217. Tech Unplugged:...

Continue Reading
Protecting Teeth: Insights from Endodontist Dr. Joubert

Updated Category News Views 3

Preserving Our Natural Chompers Digging into the details of endodontic care, you realize how it's the unsung hero in the dental world. And let's face it, teeth don't get happier on their own when there's a problem on the inside. Dr. Christopher Joubert, a wiz on the endodontic front, spills the beans over at HelloNation about how essential these practices are in keeping...

Continue Reading
SystImmune's Data on Iza-bren Show Promise for Lung Cancer

Updated Category News Views 7

Stepping into New Territory with SystImmune Amid the cacophony of biotech whispers and the marketplace hum, SystImmune is trotting out something that might just make the folks in lab coats raise an eyebrow. They’ve got new data for Iza-bren—none of that flashy PR chatter—but it's damn promising if you ask me. At the World Conference on Lung Cancer in Seoul,...

Continue Reading
PathoSearch: A New Era in Pathology With Visual Search

Updated Category News Views 7

Revolutionizing Pathology with a Visual Search Engine In an era where time is money and precision is paramount, Aignostics is betting big on transforming the pathology landscape. Today, their announcement of PathoSearch, a visual search engine designed for retrieving comparable diagnosed pathology cases, marks a massive leap towards streamlining the diagnostic process....

Continue Reading
ARTiSTORY's Strategic Advance in Cultural IP Licensing

Updated Category News Views 5

Call it a seismic shift or call it common sense, but ARTiSTORY's recent haul of accolades makes it clear: they're onto something big in the cultural IP game. Receiving four honors at the 26th International Advertising Institute Awards (IAI Awards), including a Gold for their British Library × CHAGEE collaboration, and jumping into License Global's Top 60, they're staking...

Continue Reading
Ajman Spotlights Tourism at Arabian Travel Market 2026

Updated Category News Views 2

Ajman: A Tourism Gem in the Making Swinging into the Arabian Travel Market 2026, Ajman isn't just a footnote in the UAE's tourism playbook anymore, it's gunning for the spotlight. There's a flurry of activity as the Ajman Department of Tourism, Culture and Media rolls up its sleeves to flaunt the emirate's kaleidoscope of attractions to the world's tourism brass. Going...

Continue Reading
Silk Road Maritime Extends Its Global Reach in 2026

Updated Category News Views 4

China-Europe Trade Ties Continue to Tighten You ever watch a cargo ship glide into port and think, "There's a piece of the future right there”? Well, that's the scene at Poland’s Gdansk Port, now officially etched into the Silk Road Maritime route. This ain't just a couple of extra boats cutting through choppy waters—it's a great leap forward for a strained global...

Continue Reading
Nocpix Unveils ACE 2 Thermal Riflescope Lineup

Updated Category News Views 8

ACE 2: A Thermal Riflescope That Promises More Let’s dive right into the nitty-gritty of Nocpix’s latest move. On September 12, they launched the ACE 2 Series—the next-gen beast of their flagship thermal riflescope lineup. A step up from the original ACE, this series aims to redefine what hunters can expect from a riflescope, introducing three models: ACE 2 S60R,...

Continue Reading

Top 5 Most Recently Viewed Articles

Understanding Overbought Signals and Key Stock Picks to Watch

Updated Category News Views 74

The Significance of Overbought Signals in the Market In the intricate world of stock trading, signals can often be misleading or represent pivotal turning points. Recently, industry expert Seth Golden shed light on a concerning trend—the S&P 500 has been marked as overbought for an entire year, based on the widely respected Williams %R oscillator. Understanding the...

Continue Reading
COIL's Financial Position Under Review: Key Insights and Actions

Updated Category News Views 226

Understanding COIL's Interim Financial Review COIL has launched a review of its interim financial statements, prompted by a request for additional information from its statutory auditors. This review centers on the going concern assumption, a crucial aspect for any company facing economic challenges. The past few years have seen significant losses for COIL, primarily due...

Continue Reading
Monthly Dividend Update for US Financial 15 Split Corp

Updated Category News Views 111

Monthly Dividend Declared for US Financial 15 Split Corp US Financial 15 Split Corp, often referred to as US Financial 15, has announced a noteworthy monthly distribution of $0.07083 for each Preferred share. This distribution reflects an attractive annual yield of 10.00%, calculated based on the net asset value as of the end of the previous month. Shareholders can expect...

Continue Reading
Mytheresa and Bemelmans Bar Create a Unique Après-Ski Event

Updated Category News Views 442

Mytheresa Partners with Bemelmans Bar for a Unique Experience Mytheresa, a top luxury digital retail platform, is collaborating with Bemelmans Bar, a renowned bar known for its rich history and location in The Carlyle hotel. This exclusive partnership highlights a unique après-ski experience for winter enthusiasts, marking the first time Bemelmans Bar will bring its...

Continue Reading
1910 Genetics Unveils CANDID-CNS™: A Breakthrough AI Model

Updated Category News Views 227

1910 Genetics Unveils CANDID-CNS™ Today, major advancements have occurred in the realm of biotechnology, particularly with 1910 Genetics. This innovative company has launched CANDID-CNS™, a cutting-edge AI model specifically designed to predict the permeability of the blood-brain barrier (BBB). This breakthrough offers substantial improvements over existing models,...

Continue Reading