Notification on material event
Preliminary financial data of Ignitis Group for 4 months of 2020
UAB Ignitis Grupė, (hereinafter – Ignitis Grupė or the Company) identification code 301844044, registered office placed at Žvejų str. 14, Vilnius, Republic of Lithuania. The total nominal value of issued bonds 900 000 000 EUR; ISIN codes XS1646530565; XS1853999313; XS2177349912.
Preliminary financial data of Ignitis Group for 4 months of 2020:
| ||2020 ||2019 ||Change|
|Revenue||EUR 86.9 million||EUR 87.8 million||-1,0 %|
|Adjusted EBITDA*||EUR 18.9 million||EUR 22.0 million||-14,1 %|
| || || || |
| ||January - April|
|Revenue||EUR 412.6 million||EUR 431.3 million||-4,3 %|
|Adjusted EBITDA*||EUR 104.0 million||EUR 100.2 million||3,8 %|
In January – April 2020, Ignitis Group generated revenue of EUR 412.6 million, which is 4,3 % less compared to a respective period of 2019 (EUR 431.3 million). The Group's revenue has decreased due to lower price of gas sold to business customers and lower gas supply tariffs for household customers.
The adjusted EBITDA indicator of the Group in January - April 2020 was equal to EUR 104.0 million, i.e. 3.8% more compared to a respective period of 2019 (EUR 100.2 million). It was mostly the result of the growing value of regulated assets due to investments in the renewal of distribution networks and efficient use of Kruonis PSHP.
*The Company’s preliminary (2020) and actual (2019) 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.
For more information please contact:
Head of Public Relations at Ignitis Group
+370 620 76076