MAIN FINANCIAL HIGHLIGHTS (millions of RUB)
|
1H 2017 |
1H 2016 |
Change |
Revenues |
34,822 |
33,170 |
+5.0% |
EBITDA |
8,689 |
6,041 |
+43.8% |
EBIT |
6,935 |
4,363 |
+59.0% |
Net income |
4,300 |
787 |
~5 times |
Net debt at the end of the period |
21,239 |
20,348 |
+4.4% |
– Carlo Palasciano Villamagna, General Director of Enel Russia
Moscow, July 27th, 2017 – PJSC Enel Russia has published its operating and reviewed financial results for the first half of 2017in accordance with the International Financial Reporting Standards (IFRS).
Revenues increased, mainly attributable to:
This increase has more than offset the lower production of the company’s facilities that was mainly attributable to:
EBITDA grew significantly, largely thanks to increased revenues, additionally supported by fixed costs decline, mainly due to efficient overhead management activities.
The increase in EBIT reflected EBITDA growth.
Net income reflected EBIT growth, additionally supported by lower net financial charges that were mainly attributable to:
Net debt at the end of the reporting period increased on the figure posted as of December 31st, 2016, mainly due to taxes and financial charges paid over the period.
OPERATIONAL HIGHLIGHTS
|
1H 2017 |
1H 2016 |
Change |
Net power output (GWh) |
18,325 |
19,108 |
-4.1% |
Power sales (GWh) |
21,068 |
22,100 |
-4.7% |
Heat sales (thousand Gcal) |
2,841 |
2,954 |
-3.8% |
Net power output decreased, relating to mixed dynamics affecting Enel Russia’s power plants, in particular:
This increase was partially offset by:
Power sales were down due to the abovementioned net power output dynamics.
Heat sales decreased slightly, mostly attributable to a reduction in the volumes purchased from Sredneuralskaya GRES.