Published: 2018-03-30 11:30:00 CEST

Preliminary financial data of Lietuvos Energija for 2 months of 2018

Lietuvos Energija, UAB, (hereinafter – the Company or Lietuvos Energija) identification code 301844044, registered office placed at Žvejų str. 14, Vilnius, Republic of Lithuania. The total nominal value of issued bonds 300 000 000 EUR; ISIN code XS1646530565. 

Preliminary financial data of Lietuvos Energija for 2 months of 2018:

  February
  2018 2017 Change
Revenue EUR 117.1 million EUR  105.8 million 10.7 %
Adjusted EBITDA* EUR  25.4 million EUR  21.6 million 17.6 %
       
  January - February
  2018 2017 Change
Revenue EUR  236.million EUR  214.million  10.4 %.
Adjusted EBITDA* EUR  53.8 million EUR  48.6 million 10.7 %

In January-February 2018, Lietuvos Energija generated revenue of EUR 236.2 million, which is 10.4% more compared to a respective period of 2017 (EUR 214.0 million). The adjusted EBITDA indicator of the Group was equal to EUR 53.8 million, i.e. 10.7% more compared to a respective period of 2017 (EUR 48.6 million). The Group’s financial results improved mostly because of higher volumes of natural gas sales due to colder weather conditions compared to the same period last year and higher prices which increased due to changes in gas markets and discontinued retrospective gas price discount.

*The Company’s preliminary (2018) and actual (2017) result of adjusted EBITDA is presented after the adjustments made by the management by eliminating the impact of one-off factors. These adjustments are intended to disclose the results of the Company’s operating activity without taking into consideration atypical, one-off factors or factors that have no direct relation with the current period of operations. All adjustments made by the management are disclosed in the Company’s interim and annual reports.