Ignitis Grupe - Earnings Release 2020

Preliminary financial data of Ignitis Group for 3 months of 2020

UAB Ignitis Grupė, (hereinafter – the Company) identification code 301844044, registered office placed at Žvejų str. 14, Vilnius, Republic of Lithuania. The total nominal value of issued bonds 600 000 000 EUR; ISIN codes XS1646530565; XS1853999313.

Preliminary financial data of Ignitis Group for 3 months of 2020:


	March
	2020	2019	Change
Revenue	EUR 98.7 million	EUR 100.8 million	-2,1 %
Adjusted EBITDA*	EUR 23.6 million	EUR 22.9 million	3,1 %

	January - March
	2020	2019	Change
Revenue	EUR 325.7 million	EUR 330.7 million	-1,5 %
Adjusted EBITDA*	EUR 82.4 million	EUR 78.2 million	5,4 %

In January – March 2020, Ignitis Group generated revenue of EUR 325.7 million, which is 1,5 % less compared to a respective period of 2019 (EUR 330.7 million). The Group's revenue has decreased slightly due to lower price of gas sold to business customers and lower gas supply tariffs for household customers.

The adjusted EBITDA indicator of the Group in January - March 2020 was equal to EUR 82.4 million, i.e. 5.4% more compared to a respective period of 2019 (EUR 78.2 million). The growth of the adjusted EBITDA indicator is the result of a stronger electricity and gas distribution performance conditioned by higher investments in the renewal of distribution networks.

*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