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INTER RAO Lietuva Group announces financial results for 2019

The second-best year while listed on WSE with the increase of revenues and profits y/y.

  • Electricity sales volume increased to 8 539 GWh in 2019 versus 6 235 GWh in 2018.
  • Revenues from sales reached EUR 317.0 million, compared to EUR 288.3 million in 2018, thanks to higher amount of electricity sold and higher prices in the NordPool system.
  • Group’s gross profit in 2019 increased to EUR 24.5 million from EUR 22.7 million in 2018.
  • Operating profit increased to EUR 15.2 million versus EUR 14.9 million a year ago.
  • Group’s net profit reached EUR 17.6 million compared to EUR 11.5 million in 2018.
  • Group’s EBITDA reached EUR 22.4 million, while the EBITDA margin increased to 7.1%.
  • Electricity production at the Vydmantai wind farm increased by 28.4% y/y due to better wind conditions in the area.
  • The electricity trading volume in Poland amounted to 1 558 GWh versus 330 GWh in 2018.