“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.