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AB Amber Grid Operating Results for the first half of 2024

Written by Customer Service on . Posted in Public Companies.

AB Amber Grid, legal entity code: 303090867. Address: Laisvės ave. 10, LT-04215 Vilnius, Lithuania.

Amber Grid delivers results for the first half of 2024 prepared according to the International Financial Reporting Standards:
• Revenue for H1 2024: EUR 35.0 million (H1 2023: EUR 42.7 million);
• Net profit for H1 2024: EUR 3.4 million (H1 2023: EUR 12.6 million);
• EBITDA (earnings before interest, taxes, depreciation and amortisation) for H1 2024: EUR 12.0 million (H1 2023: EUR 10.7 million);
• Average return on equity (ROE) for the last 12 month as of 30 June 2024: 2.4% (as of 30 June 2023: 11.4%).

Amber Grid adjusted financial indicators for H1 2024:
• Adjusted net profit for H1 2024: EUR 5.1 million (H1 2023: EUR 5.0 million);
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) for H1 2024: EUR 13.8 million (H1 2023: EUR 12.6 million);
• Average return on equity (ROE) for the last 12 months as of 30 June: 2024 5.2% (as of 30 June 2023: 8.5%).

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. Non-recurring (one-off) transactions are also eliminated.

Attached:
1. Amber Grid condensed interim financial statements as of 30 June 2024;
2. Amber Grid Management report for the first half of 2024;
3. 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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