Interim Financial Results of Kauno energija AB
In the first half of 2024, the group of Kauno energija AB, which includes both Kauno energija AB and GO Energy LT UAB, reported consolidated sales totaling EUR 49.2 million. This marks an increase of EUR 2.1 million compared to the same period last year.
Overview of Profit and Earnings
During this reporting period, the Group achieved a profit before taxes of EUR 5.5 million, reflecting an increase of EUR 1.5 million compared to the results from the previous year.
Growth in EBITDA
When evaluating the company's performance, earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by EUR 1.5 million, bringing the total to EUR 10.7 million for the first half of 2024.
Financial Performance Indicators for the Half-Year
The following provides a summary of the financial indicators for the first six months, highlighting changes in 2024 compared to 2023:
Consolidated Revenue
The Group's total revenue for 2024 is recorded at EUR 49.2 million, which indicates a year-on-year decrease of 4.8% from EUR 51.7 million in 2023.
EBITDA Comparison
For the year 2024, the reported EBITDA was EUR 10.7 million, an increase from EUR 8.8 million in 2023, representing a positive change of 21.6%.
Profit Growth
The Group's profit for this period saw significant growth, reaching EUR 5.5 million in 2024, up from EUR 4.0 million in 2023, which is an increase of 37.5%.
Additional Insights
For more detailed insights into these financial changes, stakeholders are encouraged to examine the interim management report and the unaudited consolidated financial statements of Kauno energija AB for the first half of 2024.
For further inquiries, please contact Loreta Miliauskien?, Head of the Economics Department, at +370 698 15118.
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.
