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C.N.T.E.E. Transelectrica — Earnings Release 2017
May 15, 2017
2299_rpa_2017-05-15_b7748dbe-4f6d-4faa-b8fa-152b454ac9ad.pdf
Earnings Release
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To: Bucharest Stock Exchange
Financial Supervisory Authority
Current report according to the provisions of Law 24/2017, Regulation 1/2006 of the CNVM and the BSE Code Date of the report: May 15th , 2017 Issuer Company: National Power Grid Co. Transelectrica SA, managed under two tier system Headquarters: Bucharest 1, 33 Blvd. Magheru Working location: Bucharest 3, 2-4 Olteni Street Phone/ fax numbers: +4021 3035 611/ +4021 3035 610 Single registration code: 13328043 Number in the Commercial Register: J40/8060/2000 Share capital subscribed and paid: RON733,031,420 Regulated market where the issued securities are traded: Bucharest Stock Exchange
Important Communique: – Financial results for Q1 2017
Report includes:
- Quarterly report January-March 2017
- Separate Financial Statements on 31 March 2017
Availability
Quarterly report and all the documents for Q1 2017 can be consulted starting with 15 May 2017:
- online, on the website www.transelectrica.ro, section Investor Relations/ Periodical Reports /Reports
- at the Company's headquarters: str. Olteni no. 2-4, sector 3, Bucharest
Summary of financial results for Q1 2017 are available below:
| Q1 2017 | Q1 2016 | ∆ | ||
|---|---|---|---|---|
| Financials | ||||
| PROFIT ALLOWED ACTIVITIES | ||||
| Charged energy volume | [TWh] | 14,60 | 14,02 | ▲4% |
| Revenues | [RON mn] | 332 | 348 | ▼5% |
| Average transmission tariff | [RON mn] | 18,68 | 20,94 | ▼ 11% |
| Transmission revenues | [RON mn] | 299 | 317 | ▼6% |
| EBITDA | [RON mn] | 159 | 210 | ▼24% |
| Depreciation & Amortization | [RON mn] | 78 | 82 | ▼4% |
| EBIT | [RON mn] | 81 | 129 | ▼37% |
| ZERO-PROFIT ACTIVITIES | ||||
| EBIT | [RON mn] | 11 | (12) | ▲186% |
| AGGREGATED (PROFIT ALLOWED & ZERO-PROFIT) | ||||
| EBIT | [RON mn] | 91 | 116 | ▼22% |
| Net Income | [RON mn] | 71 | 99 | ▼28% |
| Operations | ||||
| Consumption | TWh | 15,1 | 14,7 | ▲3% |
| Production | TWh | 16,6 | 15,5 | ▲7% |
| Net Export | TWh | 2 | 1,7 | ▲18% |
The report will be available starting with May 15th, 2017.
• online, on the website www.transelectrica.ro, section Investor Relations /Periodical Reports/Reports, respectively https://www.transelectrica.ro/reports-2017;
• at the Company's headquarters: str. Olteni no. 2-4, sector 3, Bucharest
Ion-Toni TEAU Executive Director General Directorate Chairman