Ignitis Gamyba preliminary financial results for 11 months of 2019

AB Ignitis Gamyba, company code 302648707, registered office at Elektrinės st. 21, Elektrėnai (hereinafter referred to as the Company). The total number of registered ordinary shares issued by the Company is 648 002 629, ISIN code – LT0000128571.The Company announces preliminary financial results for 11 months of 2019:  11 months of 201911 months of 2018*ChangeRevenue from contracts with customersEUR 125.7 mEUR 124.8 m0.7%Adjusted EBITDA**EUR 50...

Vilnius, 31/12/2019 (informazione.news - comunicati stampa - energia)

AB Ignitis Gamyba, company code 302648707, registered office at Elektrinės st. 21, Elektrėnai (hereinafter referred to as the Company). The total number of registered ordinary shares issued by the Company is 648 002 629, ISIN code – LT0000128571.

The Company announces preliminary financial results for 11 months of 2019:

Electricity produced in the power plants controlled by the Company:

Efficient use of Kruonis PSHP and stocked fuel-oil sales resulted in 14.6% higher adjusted EBITDA of the Company's during January-November 2019 if compared to the same period of 2018.

Although production volumes of Kaunas HPP were lower, the Company's revenue for January-November 2019 remained stable, compared with the same period of 2018.

Production volumes of Kaunas HPP were lower for 11 months of 2019 if compared to January-November 2018 due to the hydrological drought and longer fish spawning period. As in 2018, this year's production volumes in Elektrenai Complex remained limited.