MAIN FINANCIAL HIGHLIGHTS (millions of RUB)
|
|
1H 2022 |
1H 2021 |
Change |
Revenues |
|
24,630 |
21,588 |
+14.1% |
EBITDA |
|
5,259 |
3,957 |
+32.9% |
EBIT |
|
(9,698) |
2,599 |
- |
Ordinary EBIT[1] |
|
3,476 |
2,599 |
+33.7% |
Net income |
|
(8,575) |
2,024 |
- |
Ordinary net income¹ |
|
1,964 |
2,024 |
-3.0% |
Net debt at the end of the period |
|
28,083 |
25,957[2] |
+8.2% |
Zhanna Sedova, General Director of Enel Russia, said: “The company’s growth in volumes and prices of sales of electricity and capacity had a positive impact on the revenues. Other items were strongly influenced by macroeconomic indicators due to high volatility. In this challenging situation, the uninterrupted supply of electricity and operation of equipment, as well as fulfillment of our obligations to finalize the construction of Kola WPP and projects of thermal power plants equipment modernization remain our top priority.”
Moscow, September 29th, 2022 – PJSC Enel Russia publishes its financial results with an audit review for the 1H 2022 in accordance with the International Financial Reporting Standards (IFRS).
- Increase in revenues from capacity sales by 35.5% due to commissioning of Azov wind farm in May 2021 and the completion of the first equipment modernization project at Nevinnomysskaya GRES in early 2022. Furthermore, growth of free capacity (KOM) prices in 2022 and the indexation of regulated tariffs had a positive impact.
- An 8.4% increase in revenues from the sale of electricity thanks to higher prices and growth in sales due to the positive dynamics of energy consumption in the European part of Russia and the Urals (the first price zone). In addition, the annual indexation of regulated tariffs further contributed to revenue growth.
[1] The indicators are adjusted for the amount of losses from impairment loss of property, plant and equipment and other non-current assets
[2] As of December 31st, 2021