LITGRID AB - Interim information

Litgrid reports 2013 nine-month results

Vilnius, Lithuania, 2013-11-28 16:54 CET (GLOBE NEWSWIRE) -- Litgrid Group
announced revenues of LTL 439 million for the period of January-September 2013,
a growth of 22 per cent year-on-year. Revenues from power transmission
accounted for 38 per cent of the Group's total revenues. 

The nine-month pre-tax profit of the Group was LTL 34.5 million compared to LTL
19.7 million for three quarters of 2012. The electricity transmission
activities' and system services' profit, exceeding the limits regulated by the
National Control Commission for Prices and Energy, will be considered when
setting Litgrid's revenues for 2015. 

Litgrid's revenues for 2015 could be reduced by the same amount of the profit
generated from system and balancing services, which in January-September 2013
amounted to LTL 31 million. 

Over the nine months of 2013 the amount of 6.9 billion kWh was transmitted by
the electricity transmission system operator Litgrid, a growth of 1.3 per cent. 

Litgrid's investment in nine months of 2013 comprised LTL 93.6 million. 62 per
cent of the investment was directed towards the implementation of strategic
electricity projects and 38 per cent was allocated for the reconstruction and
expansion of the Lithuanian power transmission grid. Litgrid implements
Lithuania's strategic power projects - power interconnections NordBalt and
LitPol Link to Sweden and Poland and is responsible for the full-fledged
integration of the Lithuanian power system into the European continental grid
and the common European electricity market. 

Litgrid Group is comprised of the electricity transmission system operator AB
Litgrid, energy exchange UAB Baltpool and the provider of electric equipment
maintenance services UAB Tetas. 


         Laura Šebekienė
         Head of Communications
         Ph. + 370 693 65377,
         Email: laura.sebekiene@litgrid.eu

Attachments:

Litgrid financial information for a nine month period.pdf