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INTER RAO Lietuva Group announces financial results for 2017

  • Electricity sales volume increased to 4 758 GWh in 2017 versus 4 644 GWh in 2016.
  • During 2017 the client base of the Group increased to 1 433 (1 191 in 2016).
  • Revenues from sales increased slightly in 2017, to EUR 179.4 million, compared to EUR 178.9 million in 2016, thanks to the higher amount of electricity sold, while the prices declined y/y.
  • Group’s gross profit in 2017 decreased to EUR 18.4 million from EUR 18.9 million in 2016.
  • Operating profit was flat y/y and reached EUR 10.9 million.
  • Group’s net profit reached EUR 9 million compared to EUR 9.3 million in 2016.
  • Group’s EBITDA reached EUR 13.5 million while EBITDA margin stood at 7.6%.
  • Electricity production at the Vydmantai wind farm increased by 12.7% y/y thanks to better wind conditions in the area.
  • The electricity trading volume in Poland amounted to 305 GWh versus 386 GWh in 2016.