AB Amber Grid Operating Results for the 1st Quarter of 2024
AB Amber Grid, legal entity code: 303090867. Address: Laisvės ave. 10, LT-04215 Vilnius, Lithuania.
Amber Grid delivers results for the 1st quarter of 2024 prepared according to the International Financial Reporting Standards:
• Revenue for the 1st quarter of 2024 EUR 20.6 million (the 1st quarter of 2023 EUR 25.5 million);
• Net profit for the 1st quarter of 2024 EUR 4.0 million (the 1st quarter of 2023 EUR 1.8 million);
• EBITDA (earnings before interest, taxes, depreciation and amortisation) for the 1st quarter of 2024 EUR 9.0 million (the 1st quarter of 2023 EUR 5.4 million);
• Average return on equity (ROE) for the last 12 month as of 31 March 2024 8.3% (as of 31 March 2023 6.8%).
Amber Grid adjusted financial indicators for the 1st quarter of 2024:
• Adjusted net profit for the 1st quarter of 2024 EUR 3.4 million (the 1st quarter of 2023 EUR 3.9 million);
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) for the 1st quarter of 2024 EUR 8.2 million (the 1st quarter of 2023 EUR 7.8 million);
• Average return on equity (ROE) for the last 12 months as of 31 March 2024 4.7% (as of 31 March 2023 9.8%).
The adjustment of regulated income, costs and profitability indicators is carried out due to temporary regulatory difference from the regulated profitability approved by NERC. When calculating adjusted indicators, the correction of income is assessed due to previous periods, which is already approved by the decision of NERC in determining the regulated prices of transmission services for the reporting period. Also, the indicators are adjusted by the deviation of the NERC approved (regulated) and actual profitability of the reporting period, which NERC will evaluate when determining the transmission service prices for the coming period.
Attached:
1. AB Amber Grid condensed consolidated and separate financial statements as of 31 March 2024;
2. Press release.
More information:
Laura Šebekienė, Head of Communications of Amber Grid,
Ph. +370 699 61 246, e-mail: l.sebekiene@ambergrid.lt
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