Notification on material event
Preliminary financial data of Lietuvos Energija for 6 months of 2018
Lietuvos Energija, UAB, (hereinafter – the Company) identification code 301844044, registered office placed at Žvejų str. 14, Vilnius, Republic of Lithuania. The total nominal value of issued bonds 600 000 000 EUR; ISIN codes XS1646530565; XS1853999313.
Preliminary financial data of Lietuvos Energija for 6 months of 2018:
|Revenue||EUR 91.8 million||EUR 71.4 million||28.6 %|
|Adjusted EBITDA*||EUR 10.1 million||EUR 16.0 million||-36.9 %|
| || || || |
| ||January - June|
|Revenue||EUR 626.0 million||EUR 539.0 million|| 16.1 %|
|Adjusted EBITDA*||EUR 123.6 million||EUR 120.2 million|| 2.8 %|
In January-June 2018, Lietuvos Energija generated revenue of EUR 626.0 million, which is 16.1% more compared to a respective period of 2017 (EUR 539.0 million). The Group's revenue has grown due to higher demand for electricity and gas, with lower average air temperature compared to the same period last year and the price change in the gas and electricity markets.
The adjusted EBITDA indicator of the Group was equal to EUR 123.6 million, i.e. 2.8% more compared to a respective period of 2017 (EUR 120.2 million). The growth of the indicator was driven by a better result from the distribution of electricity and gas due to more efficient operation and increased investment in renewal and modernization of distribution networks.
*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.
More information: Artūras Ketlerius, Corporate Communications Project Manager of Lietuvos Energija +370 620 76076, email@example.com