Lietuvos energijos gamyba, AB - Notification on material event

Lietuvos Energijos Gamyba, AB, preliminary financial results for 7 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 7 months of 2017:

	7 months of 2017	7 months of 2016	Change
Sales revenue	EUR 73.1 mln	EUR 79.3 mln	-7.7%
EBITDA	EUR 30.9 mln	EUR 25.0 mln	+23.6%

  

Electricity produced at power plants controlled by the Company:

	7 months of 2017	7 months of 2016	Change
Elektrėnai Complex	79.2 GWh	202.5 GWh	-60.9%
Kruonis PSHP	277.2 GWh	304.2 GWh	-8.9%
Kaunas A. Brazauskas HPP	266.6 GWh	220.6 GWh	+20.9%

 

Compared to 7 months of 2016, the Company’s sales revenue is lower because of a significant decrease of electricity production at Elektrėnai Complex, which was partly compensated by more generation at Kaunas A. Brazauskas HPP.

The growth in EBITDA is mostly explained by the fact that in 2017 Company’s revenue from regulated activities was no longer affected by the regulation of commercial generation profits and results of the inspection of the Company’s activity in 2010-2012.

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