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.