en
AB Ignitis Gamyba, company code 302648707, registered office at Elektrinės st. 21, Elektrėnai (hereinafter referred to as the Company).
The Company announces preliminary financial results for the 6 months of 2021:
|
6 months of 2021 |
6 months of 2020* |
Change |
|||
|
Revenue from contracts with customers |
EUR 103,8 m |
EUR 68,8 m |
50,9% |
||
|
Adjusted EBITDA** |
EUR 37,0 m |
EUR 30,3 m |
22,2% |
Electricity produced in the power plants controlled by the Company:
|
6 months of 2021 |
6 months of 2020 |
Change |
|
|
Elektrėnai Complex |
446.8 GWh |
346,1 GWh |
29,1% |
|
Kruonis PSHP |
325.1 GWh |
324,9 GWh |
0% |
|
Kaunas A. Brazauskas’ HPP |
157,2 GWh |
139,9 GWh |
12,4% |
In January-June 2021, powerplants of the Company have generated 929.1 GWh of electricity, i.e. 14.5% more compared to January-June 2020.
During the compared period, revenue from contracts with customers increased by 51%, and adjusted EBITDA – by 22%. Increase in financial indicators was mainly determined by higher electricity generation volumes in Elektrėnai Complex and Kaunas HPP as well as efficient utilisation of Kruonis PSHP.
* Company’s 2020 revenues were recalculated according to the contracts with the customers. Information about recalculations is provided in the financial reports of the Company.
* *The Company’s preliminary adjusted EBITDA for 2021 and actual adjusted EBITDA for 2020 are reported after the adjustments made by the management by eliminating the impact of one-off factors, also considering the change in revenue (and, consequently, EBITDA) of the Company's regulated services. These adjustments are made aiming to disclose the results of the Company’s operating activities after the elimination of the impact of non-typical, one-off factors or factors that are not directly related to the current reporting period. All adjustments made by the management are disclosed in the Company’s interim and annual reports.