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"INTER RAO Lietuva" Group announces financial results for 2016

  • Electricity trading volume in 2016 increased to 4 666 GWh in 2016 versus 4 273 GWh in 2015.
  • During 2016 the client base of the Group increased to 1 191 (839 in 2015).
  • Revenue from sales decreased by 4.2%, to EUR 178.9 million, compared to EUR 186.7 million in 2015, due to lower electricity prices in the Baltic States.
  • Group’s gross profit in 2016 decreased to EUR 18.9 million from EUR 29.6 million in 2015.
  •  Operating profit reached EUR 10.9 million, versus EUR 22.8 million in 2015.
  •  Group’s net profit was EUR 9.3 million compared to EUR 18.9 million in 2015.
  • Group’s EBITDA reached EUR 15 million while EBITDA margin was 8.4 percent.
  • The electricity production in the wind farm decreased by 17.7% due to worse wind conditions in the area.
  • The electricity trading volume in Poland was 386 GWh versus 254 GWh in 2015.

Press_release_2017-02-24.pdf