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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 8 months of 2021:
|
8 months of 2021 |
8 months of 2020* |
Change |
|
|
Revenue from contracts with customers |
EUR 142.2 m |
EUR 103.4 m |
37.5% |
|
Adjusted EBITDA** |
EUR 46.5 m |
EUR 40.4 m |
15.1% |
Electricity produced in the power plants controlled by the Company:
|
8 months of 2021 |
8 months of 2020 |
Change |
|
|
Elektrėnai Complex |
588.6 GWh |
721.9 GWh |
-18.5% |
|
Kruonis PSHP |
396.3 GWh |
462.7 GWh |
-14.4% |
|
Kaunas A. Brazauskas’ HPP |
192.1 GWh |
165.6 GWh |
16.0% |
During the first 8 months of the year, the amount of electricity generated in the Company’s power plants decreased by 12.8%, compared to January-August 2020, in total 1177,0 GWh. The decrease in production in the Elektrėnai complex and Kruonis PSHP was determined by a significant increase in gas and emission allowances prices.
In the comparable period, the Company's revenue from contracts with customers grew by 38.0%, and adjusted EBITDA - by 15.0%.
* 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.