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Enea S.A. — Earnings Release 2018
Mar 18, 2019
5597_rns_2019-03-18_00fc256d-a9fe-4e7c-b86c-5553b4f38f04.html
Earnings Release
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Current Report No: 5/2019
Date of preparation: 15 March 2019
Short name of issuer: ENEA S.A.
Subject: Update of information on preliminary financial results for 2018
Legal basis: Article 17 item 1 of MAR - confidential information
Content of report:
With reference to Current Report No. 4/2019 of March 6, 2019, theManagement Board of ENEA S.A. publishes an update to the preliminaryfinancial results of the ENEA Capital Group for 2018. The impact on thechange in results, within the audit of financial statements conducted bythe auditor, was a result of recognizing a provision in the amount ofPLN 79 million, which takes into account the estimated impact of the Actof 28 December 2018 amending the Act on Excise Duty and certain otheracts.
Consolidated financial results of ENEA Capital Group for 2018:
- Net sales revenue: PLN 12,673 million,
- EBITDA: PLN 2,348 million,
- EBIT: PLN 1,037 million,
- Net profit: PLN 719 million,
- Net profit attributable to shareholders of the Parent: PLN 687 million.
EBITDA in individual areas of operations:
- Mining: PLN 470 million,
- Generation: PLN 869 million,
- Distribution: PLN 1,111 million,
- Trading: PLN (-) 76 million.
Non-consolidated financial results of ENEA S.A. for 2018:
- Net sales revenue: PLN 4,702 million,
- EBITDA: PLN (-)142 million,
- EBIT: PLN (-)145 million,
- Net profit: PLN 727 million.
With reference to the draft of the Regulation of the Minister of Energysubmitted for public consultation on March 14, 2019 regarding the methodof calculating the amount of the price difference and the method ofdetermining reference prices, the Management Board of ENEA S.A. informsthat it will assess the impact on the results of the ENEA Capital Groupafter the announcement of the abovementioned document in the finalversion.
The final results will be published in the consolidated financialstatements of ENEA Capital Group and non-consolidated financialstatements of ENEA S.A. for 2018, which are scheduled to be released on21 March 2019.