EQS-Adhoc: PJSC Mosenergo: Releases 9M 2019 IFRS Results
RELEASE November 8, 2019 Moscow
Mosenergo Releases 9M 2019 IFRS Results
Mosenergo releases abbreviated interim unaudited consolidated financial statements (prepared in accordance with IFRS) for the 9 months ended September 30, 2019.
Consolidated Statement of Comprehensive Income Key Figures, (mn RUR) 9M 2018 9M 2019 Revenue 135,988 133,378 Operating Costs (117,923) (120,895) Operating Profit 17,019 12,674 EBITDA (1) 28,161 24,281 EBITDA, adj. (2) 29,452 24,396 Profit for the Period 14,045 12,624
(1) EBITDA = Operating Profit + Depreciation and Amortization
(2) Adjusted to net charge for impairment and other provisions
Mosenergo revenue for 9M 2019 decreased by 1.9% year-on-year down to RUR 133,378 mn. The reason for the decline was lower revenue from capacity sales (-27.7%) on the back of capacity supply agreements expiry for three units, as well as lower revenue from heat sales (-2.8%), on the back of output decline, resulting from warmer weather in the reporting period, which was partly counterweighted electricity output growing by 7.3%. Operating costs in the reporting period amounted to RUR 120,895 mn, up by 2.5%, mainly on the account of fuel expenses growing by 4.3% on the back of increased electricity output. EBITDA amounted to RUR 24,281 mn (-13.8% year-on-year). Mosenergo IFRS profit for 9M 2019 decreased by 10.1%, down to RUR 12,624 mn.
MOSENERGO PR DEPARTMENT
08-Nov-2019 CET/CEST The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: PJSC Mosenergo Vernadskogo prospect, 101 bld. 3 119526 Moscow
Russia Phone: +7 495 957 1 957 Fax: +7 495 957 32 00 E-mail: email@example.com Internet: www.mosenergo.ru ISIN: US0373763087, RU0008958863 WKN: 899416 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; London, Moscow EQS News ID: 908673 End of Announcement EquityStory.RS, LLC News Service
908673 08-Nov-2019 CET/CEST