Lietuvos energijos gamyba, AB - Notification on material event

Lietuvos Energijos Gamyba, AB, preliminary financial results for 10 months of 2017

Lietuvos Energijos Gamyba, AB, company code 302648707, registered office at Elektrinės st. 21, Elektrėnai (hereinafter referred to as the Company). The total number of registered ordinary shares issued by the Company is 635 083 615, ISIN code – LT0000128571.

The Company announces preliminary financial results for 10 months of 2017:

	10 months of 2017	10 months of 2016	Change
Sales revenue	EUR 108.0 mln	EUR 120.3 mln	-10.2%
EBITDA	EUR 43.5 mln	EUR 44.4 mln	-2.0%

 Electricity produced at power plants controlled by the Company:

	10 months of 2017	10 months of 2016	Change
Elektrėnai Complex	133.0 GWh	308.0 GWh	-56.8%
Kruonis PSHP	460.3 GWh	461.2 GWh	-0.2%
Kaunas A. Brazauskas HPP	355.6 GWh	279.1 GWh	+27.44%

 

With weathers still being wet and water levels in the Nemunas river not decreasing, the production capacity in the Kaunas A. Brazauskas HPP increased by more than a quarter in 10 months of 2017 compared to the result of 10 months of 2016. Production in this plant continues partly compensating decreased sales revenue of the Company due to decreased production in the Elektrėnai complex.

More intense production in the hydroelectric power plant allows maintaining a relatively stable EBITDA indicator of the Company despite higher costs of dismantling of the old Elektrėnai Complex units and decreased sales of the activated secondary power reserve provided by Kruonis PSHP in 2017 compared to 2016.

         Valentas Neviera, Head of Communication Division, tel. +370 670 25997, e-mail. valentas.neviera@le.lt