Notification on material event
Preliminary financial data of Lietuvos Energija for 2 months of 2019
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 2 months of 2019:
|Revenue||EUR 126.8 million||EUR 117.1 million||8.3 %|
|Adjusted EBITDA*||EUR 25.5 million||EUR 25.2 million||1.2 %|
| || || || |
| ||January - February|
|Revenue||EUR 291.1 million||EUR 236.2 million|| 23.2 %|
|Adjusted EBITDA*||EUR 56.6 million||EUR 53.9 million|| 5.0 %|
In January - February 2019, Lietuvos Energija generated revenue of EUR 291.1 million, which is 23.2% more compared to a respective period of 2018 (EUR 236.2 million). The Group's revenue has grown due to the increase in the electricity trading turnover of Energijos tiekimas subsidiary in Poland Geton Energy.
The adjusted EBITDA indicator of the Group in January - February 2019 was equal to EUR 56.6 million, i.e. 5.0 % more compared to a respective period of 2018 (EUR 53.9 million). The adjusted EBITDA indicator has grown due to better result from the electricity and gas distribution segment. The result has grown due to increased regulated assets base as a result of investments into renewal and modernisation of distribution networks. The growth of the indicator was also influenced by the expanded Group's wind power park portfolio at the end of last year.
*The Company’s preliminary (2019) and actual (2018) 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: Arturas Ketlerius, Head of Public Relations of Lietuvos Energija, +370 620 76076, email@example.com