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2021-09-30 08:20:00 CEST 2021-09-30 08:20:00 CEST REGULATED INFORMATION Ignitis grupė - Notification on material eventPreliminary financial data of Ignitis Group for 8 months of 2021Preliminary financial data of Ignitis Group (hereinafter – the Group) for 8 months of 2021:
In January – August 2021, the Group generated revenue of EUR 988.2 million, which is 27.5% more compared to a respective period of 2020 (EUR 775.3 million). The results were driven by higher electricity sales to business customers in the Customers & Solutions business segment as a result of increase in electricity market prices and higher consumption compared to the same period in 2020. In Networks segment higher energy consumption resulted to increase of distributed volumes which led to increase of revenue. Also, Group’s revenue increased in Flexible Generation segment as a result of the CCGT unit’s commercial activities caused by higher clean spark spread. Additionally, in Green Generation segment increase of revenue was caused by the start of operations of Kaunas and Vilnius CHP’s in August 2020 and March 2021, respectively. The adjusted EBITDA in January – August 2021 was equal to EUR 212.3 million, i.e. 23.2% more compared to a respective period of 2020 (EUR 172.3 million). Adjusted EBITDA results grew in all of Group’s operating segments:
The adjusted EBITDA in August 2021 was equal to EUR 21.1 million, i.e. 7.9% less compared to a respective period of 2020 (EUR 22.9 million). The Adjusted EBITDA decrease was mainly caused by worsen results from the CCGT in Flexible Generation segment due to lower generation volumes and lower clean spark spread for commercial activity and inefficient electricity proxy hedging results in the Customers & Solutions business segment. 1 The Group’s preliminary (2021) and actual (2020) result of adjusted EBITDA is presented after the adjustments made by the management by eliminating the impact of one-off factors. These adjustments are intended to disclose the results of the Group’s operating activity without taking into consideration atypical, one-off factors or factors that have no direct relation with the current period of operations. All adjustments made by the management are disclosed in the Group’s interim and annual reports which are available at Group’s website (link). For more information please contact: Artūras Ketlerius ![]() |
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