Notification on material event
Preliminary financial data of Lietuvos Energija for 6 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 6 months of 2019:
| || June |
| || 2019 || 2018 || Change |
| Revenue || EUR 108.6 million || EUR 91.8 mln. million || 18.3 % |
| Adjusted EBITDA* || EUR 16.3 million || EUR 10.1 mln. million || 61.4 % |
| || || || |
| || January – June |
| || 2019 m. || 2018 m. || Change |
| Revenue || EUR 763.6 million || EUR 626.0 million || 22.0% |
| Adjusted EBITDA* || EUR 135.7 million || EUR 123.6 million || 9.8% |
In January - June 2019, Lietuvos Energija generated revenue of EUR 763.6 million, which is 22.0% more compared to a respective period of 2018 (EUR 626.0 million). The Group's revenue has grown due to the increase in the electricity trading turnover of Lietuvos energijos tiekimas subsidiary in Poland Geton Energy.
The adjusted EBITDA indicator of the Group in January - June 2019 was equal to EUR 135.7 million, i.e. 9.8% more compared to a respective period of 2018 (EUR 123.6 million). The adjusted EBITDA indicator has grown due to better result from the electricity and gas distribution segment, which grew as a result of investments into renewal and modernisation of distribution networks. The growth of the adjusted EBITDA indicator was also influenced by the expanded Group's wind power park portfolio.
*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