Kauno energija AB Interim Financial Results
In the first half of 2024, the company group of Kauno energija AB, comprised of Kauno energija AB and GO Energy LT UAB, reported consolidated sales reaching EUR 49.2 million. This represents an increase of EUR 2.1 million compared to the same period in the previous year.
Profit and Earnings Overview
During the reporting period, the Group achieved a profit before taxes amounting to EUR 5.5 million, which demonstrates an uplift of EUR 1.5 million compared to the prior year’s results.
EBITDA Growth
When assessing the company’s performance, earnings before taxes, amortization, and other non-cash expense items (EBITDA) increased by EUR 1.5 million, resulting in a total of EUR 10.7 million for the first half of 2024.
Performance Indicators for the Half-Year
The following summarizes the financial indicators for the first six months, illustrating changes in 2024 compared to 2023:
Consolidated Revenue
The Group's total revenue for 2024 stands at EUR 49.2 million, reflecting a year-on-year decrease of 4.8% from EUR 51.7 million in 2023.
EBITDA Comparison
For 2024, the EBITDA reported was EUR 10.7 million, up from EUR 8.8 million in 2023, marking a positive change of 21.6%.
Profits Growth
The Group’s profit for the period grew significantly, reaching EUR 5.5 million for 2024, up from EUR 4.0 million in 2023, an increase of 37.5%.
Further Insights
For deeper insights regarding these financial changes, stakeholders are encouraged to review the interim management report and the unaudited consolidated financial statements of Kauno energija AB for the first half of 2024.
Loreta Miliauskien?, Head of the Economics Department, can be contacted at +370 698 15118 for further inquiries.
Frequently Asked Questions
1. What was the total revenue of Kauno energija AB in the first half of 2024?
The total revenue for Kauno energija AB in the first half of 2024 was EUR 49.2 million.
2. How does the profit before taxes for 2024 compare to 2023?
The profit before taxes for 2024 was EUR 5.5 million, an increase of EUR 1.5 million from EUR 4.0 million in 2023.
3. What is EBITDA and how much did it grow?
EBITDA, which stands for earnings before interest, taxes, depreciation, and amortization, reached EUR 10.7 million in 2024, showing an increase of 21.6% from 2023.
4. Who is the Head of the Economics Department at Kauno energija AB?
Loreta Miliauskien? is the Head of the Economics Department at Kauno energija AB.
5. How can investors learn more about the financial changes?
Investors can gain more information through the interim management report and unaudited consolidated financial statements for the first half of 2024.
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