Lietuvos Energijos Gamyba, AB, preliminary financi
Post# of 301275
Elektrėnai, Lithuania, 2017-09-29 15:05 CEST (GLOBE NEWSWIRE) -- Lietuvos Energijos Gamyba, AB, company code 302648707, registered office at Elektrinės st. 21, Elektrėnai (hereinafter referred to as the Company). The total number of registered ordinary shares issued by the Company is 635 083 615, ISIN code – LT0000128571.
The Company announces preliminary financial results for 8 months of 2017:
| 8 months of 2017 | 8 months of 2016 | Change | |
| Sales revenue | EUR 85.1 mln | EUR 89.3 mln | -4.6% |
| EBITDA | EUR 34.8 mln | EUR 28.3 mln | +22.9% |
Electricity produced at power plants controlled by the Company:
| 8 months of 2017 | 8 months of 2016 | Change | |
| Elektrėnai Complex | 104.2 GWh | 220.4 GWh | -52.7% |
| Kruonis PSHP | 343.6 GWh | 351.2 GWh | -2.2% |
| Kaunas Algirdas Brazauskas’ HPP | 289.5 GWh | 240.9 GWh | +20.1% |
Compared to 8 months of 2016, the Company’s sales revenue is lower due to a significant decrease in electricity production at Elektrėnai Complex and lower average selling price of electricity in the market. These negative effects were partly compensated by generating more electricity at Kaunas Algirdas Brazauskas’ Hydroelectric Power Plant.
The growth in EBITDA is mostly explained by the fact that in 2017 Company’s revenue from regulated activities was no longer affected by the regulation of commercial generation profits and results of the inspection of the Company’s activity in 2010-2012. Improved Company's profitability indicators were also influenced by higher production amounts at Kaunas Algirdas Brazauskas’ Hydroelectric Power Plant.
Aušra Mačerauskė, Organizational Development Coordinator, tel. +370 655 70309, e-mail. ausra.mikaliunaite@le.lt
(0)
(0)