12-March-2018 / 15:22 CET/CEST Dissemination of a RegulatoryAnnouncement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
RELEASE
March 12, 2018 Moscow
Mosenergo 2017FY IFRS Profit Grew by 84.6%
Mosenergo releases audited consolidated financial statements (prepared in accordance with IFRS) for the 12 months ended December 31, 2017.
| Consolidated Statement of Comprehensive Income |
2016 |
2017 |
| Key Figures, (mn RUR) |
|
|
| Revenue |
190,656 |
196,056 |
| Variable Costs |
(126,240) |
(121,963) |
(1)
Fixed Costs |
(26,160) |
(26,542) |
(2)
EBITDA |
30,703 |
44,327 |
EBITDA, adj.
(3) |
38,256 |
47,551 |
| Depreciation of Property, Plant and Equipment |
(15,067) |
(15,117) |
| Operating Profit |
15,636 |
29,210 |
| Profit for the Period |
13,438 |
24,802 |
(1) Excluding depreciation of PP&E
(2) EBITDA = operating profit + depreciation of PP&E
(3) Adjusted to net charge for impairment and other provisions
Company revenue in 2017FY grew by 2.8% year-on-year up to RUR 196,056 mn. The main reason for the revenue growth was high performance of CCGT-units, commissioned under Capacity Supply Agreements (CSA).
Variable costs decreased by 3.4% year-on-year, down to RUR 121,963 mn.
Fixed costs (excluding depreciation of PP&E) in the reporting period slightly increased b y 1.5% , amounting to RUR 26,542 mn.
EBITDA for 2017 amounted to RUR 44,327 mn (+44.4% year-on-year).
Mosenergo IFRS profit for 2017 increased by 84.6%, up to RUR 24,802 mn.
MOSENERGO PR DEPARTMENT
| Tel.: |
(495)
957-1-957,
ext.
2282,
2290 |
|
| Fax: |
(495)
957-37-99 |
|
| Е-mail: |
[email protected] |
|
| Website: |
http://www.mosenergo.ru |
|
ISIN: RU0008958863, US0373763087 Category Code: FR TIDM: MSNG OAM Categories:1.1.Annual financial and audit reports Sequence No.: 5289
End ofAnnouncementEQS News Service