Published: 2018-08-31 17:19:47 CEST
Ignitis grupė
Notification on material event

Preliminary financial data of Lietuvos Energija for 7 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 7 months of 2018:

  July
  2018 2017 Change
Revenue EUR 83.7 million EUR 72.4 million 15.6 %
Adjusted EBITDA* EUR 19.5 million EUR 15.4 million 26.6 %
       
  January - July
  2018 2017 Change
Revenue EUR 709.7 million EUR 611.4 million  16.1 %
Adjusted EBITDA* EUR 143.2 million EUR 135.6 million   5.6 %

In January-July 2018, Lietuvos Energija generated revenue of EUR 709.7 million, which is 16.1% more compared to a respective period of 2017 (EUR 611.4 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 143.2 million, i.e. 5.6% more compared to a respective period of 2017 (EUR 135.6 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: Head of Corporate Communications of Lietuvos Energija, Laura Šebekienė, +370 633 99940, laura.sebekiene@le.lt