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Annual Information of Amber Grid for 2019

Written by Customer Service on . Posted in Public Companies.

AB Amber Grid, legal entity code: 303090867. Address: Savanorių pr. 28, LT-03116 Vilnius, Lithuania.On 20th April, 2020 during the Ordinary General Meeting of Amber Grid Shareholders the Consolidated Company’s audited Annual Financial Statements and Annual Report for year 2019 has been approved.
 
The audited consolidated financial results of Amber Grid for the year 2019 do not differ, in substance, from the estimates for the twelve months of 2020 that was announced on 6 February 2020.• Revenue for the year 2019 amounted to EUR 54.8 mln.
• Net profit for the year 2019 amounted to EUR 11.8 mln.
• EBITDA was EUR 24.3 mln.The shareholders of Amber Grid approved of the Board’s proposal to leave the profit in the company having regard to the last year’s decision of the market regulator to set a significantly lower permissible income level for the company for 2020 due to exceeded return on investment in previous years and also in view of the increased funds requirements for investments in the GIPL construction.Annexes:
1. AB Amber Grid’s complete set of consolidated and company financial statements and consolidated annual report for 2019 together with Independent auditor’s report
2. AB Amber Grid Profit Allocation for 2019.
3. AB Amber Grid Social Responsibility Report for 2019.More information:
Laura Šebekienė, Head of Communications of Amber Grid,
ph. +370 699 61 246, e-mail: l.sebekiene@ambergrid.lt
AttachmentsAmber Grid Financial Statements and Annual Report 2019Allocation of Profit of 2019Social Responsibility Report 2019

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