Skip to main content

Correction: Preliminary financial data of Ignitis Group for 12 months of 2020

Written by Customer Service on . Posted in Public Companies.

New third paragraphPreliminary financial data of Ignitis Group (hereinafter – the Group) for 12 months of 2020:In January – December 2020, the Group generated revenue of EUR 1,268.7 million, which is 16.3 per cent. more compared to a respective period of 2019 (EUR 1,090.6 million). The Group’s revenue mainly increased as a result of higher revenue of the networks segment due to price of power distribution service, which is comprised of power transmission, distribution and public service obligations (PSO) components and higher revenue of CCGT unit in Elektrėnai complex of flexible generation segment.The adjusted EBITDA indicator of the Group in January – December 2020 was equal to EUR 293.5 million, i.e. 13.1 per cent. more compared to a respective period of 2019 (EUR 259.6 million). The increase was driven by better result of networks segment due to growing value of regulated assets as a result of investments in the renewal of distribution networks, better result of CCGT unit in Elektrėnai complex of flexible generation segment and efficient use of Kruonis PSHP of green generation segment.The preliminary adjusted EBITDA indicator of the Group is ~10% higher compared to management guidance (EUR 265-269 million) presented with the results of first nine months of 2020. The increase was driven by better than expected results of CCGT unit in Elektrėnai complex of flexible generation segment and Kruonis PSHP of green generation segment as well as better overall performance of Customers and Solutions segment.The Company’s annual financial statements are currently being audited and the final audited results may differ from the presented preliminary data. The Company plans to review and adjust the presentation of derivative financial instruments in the annual audited financial statements and this may affect revenue and expenses figures, however, it is not expected to have significant effect on adjusted EBITDA.*The Company’s preliminary (2020) and actual (2019) 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 Company’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 Company’s interim and annual reports.For more information please contact:Artūras Ketlerius
Head of Public Relations at Ignitis Group
arturas.ketlerius@ignitis.lt
+370 620 76076

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.