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2024-05-15 08:03:00 CEST 2024-05-15 08:03:12 CEST REGULATED INFORMATION Ignitis grupė - Interim informationFirst three months 2024 interim report: continued Green Capacities Portfolio growthAB “Ignitis grupė” (hereinafter – the Group) publishes its first three months 2024 interim report, which is attached to this notice, and announces that the Group’s Adjusted EBITDA amounted to EUR 181.7 million (+21.2% YoY). Growth was recorded across all business segments, except Reserve Capacities. Customers & Solutions segment electricity B2C activities continued to be loss-making (EUR -8.2 million). The Green Capacities segment remains the largest contributor with a 42.4% share of the Group’s total Adjusted EBITDA. We increased Investments by 73.4% YoY to EUR 209.5 million. Two thirds of the total Investments were directed towards the Green Capacities segment, and 90.5% to Lithuania. The Investments into Green Capacities have tripled and reached EUR 138.9 million, with the majority directed towards new onshore wind farms. The Group’s leverage metrics remained strong, with FFO/Net Debt ratio at a solid level of 28.9% (compared to 29.4% as of 31 December 2023). Business development In 3M 2024, we increased our Green Capacities Portfolio to 7.4 GW (from 7.1 GW) and Installed Capacity to 1.4 GW (from 1.3 GW). Our Secured Capacity stood at 2.9 GW. We reached a number of significant milestones in the expansion and development of our Green Capacities Portfolio, including the following: In Networks, the total number of installed smart meters has exceeded 836 thousand. In Customers & Solutions, we continue to expand the EV charging network in the Baltics, with multiple locations secured for the installation of 67 EV charging points. Sustainability Our Green Share of Generation decreased by 15.7 pp to 79.9% YoY due to proportionally higher electricity generation at CCGT (Reserve Capacities). We reduced our GHG emissions by 60.4% in Scope 2, while our Scope 1 and Scope 3 emissions compared to 3M 2023 increased by 49.4% and 5.5% respectively. Total emissions amounted to 1.61 million t CO2-eq and increased by 12.5% YoY. Carbon intensity of Scope 1 and 2 GHG emissions decreased by 33.8% YoY to 220 g CO2-eq/kWh due to higher electricity production from renewables and reduction of Scope 2 emissions. No fatal accidents were recorded, and employee Total Recordable Injury Rate (TRIR) was 0.99, contractor TRIR – 0, both well below the targeted threshold. eNPS remained high at 65.5%. Shareholder returns and 2024 outlook In line with our Dividend Policy, a dividend of EUR 0.643 per share, corresponding to EUR 46.5 million, was distributed for H2 2023. We maintain our full-year 2024 Adjusted EBITDA guidance of EUR 440–470 million and Investments guidance of EUR 850–1,000 million. Key financial indicators (APM1)
1 All, except Net profit, are Alternative Performance Measures (APMs). Definitions and formulas of the financial indicators are available on our website. In relation to the announcement of the first three months 2024 interim report, an earnings call will be held on Wednesday, 15 May 2024, at 1:00 pm Vilnius / 11:00 am London time. To join the earnings call, please register at: https://edge.media-server.com/mmc/go/Ignitis3M2024resultsandstrategicplan2024-2027/ All questions can be directed in advance to the Group’s investor relations team after registering for the earnings call or live, during the call. Presentation slides will be available prior to the call: The interim report, including the fact sheet (in Excel), will be available for download at: For additional information, please contact: Communications Investor Relations Attachment ![]() |
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