Ignitis Grupe - Earnings Release 2020

Preliminary financial data of Ignitis Group for 5 months of 2020

UAB Ignitis Grupė, (hereinafter – Ignitis Grupė or the Company) identification code 301844044, registered office placed at Žvejų str. 14, Vilnius, Republic of Lithuania. The total nominal value of issued bonds 900 000 000 EUR; ISIN codes XS1646530565; XS1853999313; XS2177349912.

Preliminary financial data of Ignitis Group for 5 months of 2020:


	May
	2020	2019	Change
Revenue	EUR 82.0 million	EUR 70.1 million	17,0 %
Adjusted EBITDA*	EUR 17.3 million	EUR 16.7 million	3,6 %

	January - May
	2020	2019	Change
Revenue	EUR 494.6 million	EUR 501.5 million	-1,4 %
Adjusted EBITDA*	EUR 120.8 million	EUR 116.9 million	3,3 %

In January – May 2020, Ignitis Group generated revenue of EUR 494.6 million, which is 1,4 % less compared to a respective period of 2019 (EUR 501.5 million). The Group's revenue has decreased due to lower price of gas and electricity sold to business customers and lower gas supply tariffs for household customers.

The adjusted EBITDA indicator of the Group in January - May 2020 was equal to EUR 120.8 million, i.e. 3.3 % more compared to a respective period of 2019 (EUR 116.9 million). It was mostly the result of the growing value of regulated assets due to investments in the renewal of distribution networks and efficient use of Kruonis PSHP.

*The Company’s preliminary (2020) and actual (2019) result of adjusted EBITDA is presented after the adjustments made by the management by eliminating the impact of one-off factors. These adjustments are intended to disclose the results of the Company’s operating activity without taking into consideration atypical, one-off factors or factors that have no direct relation with the current period of operations. All adjustments made by the management are disclosed in the Company’s interim and annual reports.

For more information please contact:

Artūras Ketlerius

Head of Public Relations at Ignitis Group

[email protected]

+370 620 76076