Lietuvos Energijos Gamyba preliminary financial results for the 1st month of 2019

The Company announces preliminary financial results for the 1 stmonth of 2019:                                                   1 stmonth of 20191 stmonth of 2018ChangeSales revenueEUR 11.2 millionEUR 10.9 million3.2%...

The Company announces preliminary financial results for the 1^st month of 2019:                                                  

	1st month of 2019	1st month of 2018	Change
Sales revenue	EUR 11.2 million	EUR 10.9 million	3.2%
Adjusted EBITDA*	EUR 5.5 million	EUR 4.9 million	13.0%

Electricity produced in the power plants controlled by the Company:

	1st month of 2019	1st month of 2018	Change
Elektrėnai Complex	0.0 GWh	0.0 GWh	0.0%
Kruonis PSHP	32.7 GWh	46.4 GWh	-29.5%
Kaunas A. Brazauskas' HPP	29.8 GWh	44.6 GWh	-33.2%

  
The total sales revenue of the Company increased in the 1^st month of 2019 if compared to the same period in 2018 due to higher prices of regulation electricity in Kruonis PSHP and Kaunas A. Brazauskas' HPP.

The adjusted EBITDA of the Company increased in the 1^st month of 2019, compared with the same period in 2018, due to higher electricity and regulation electricity sales income in Kaunas A. Brazauskas' HPP, as well as income received from selling a part of fuel oil stocks. The aforementioned Kaunas A. Brazauskas' HPP sales income increased because of higher wholesale prices.

* The Company's preliminary adjusted EBITDA for 2019 and actual adjusted EBITDA for 2018 are reported after the adjustments made by management by eliminating the impact of one-off factors. These adjustments are made aiming to disclose the results of the Company's operating activities after the elimination of the impact of non-typical, one-off factors or factors that are not directly related to the current reporting period. All adjustments made by management are disclosed in the Company's interim and annual reports.

Berta Jasiukenaite, Public relations project manager, +370 694 60771, [email protected]