Elektrėnai, Lithuania, 2017-05-31 15:30 CEST (GLOBE NEWSWIRE) -- Lietuvos Energijos Gamyba, AB, company code 302648707, registered office at Elektrinės st. 21, Elektrėnai (hereinafter referred to as the Company). The total number of registered ordinary shares issued by the Company is 635 083 615, ISIN code – LT0000128571.
The Company announces preliminary financial results for 4 months of 2017:
| 4 months of 2017 | 4 months of 2016 | Change | |
| Sales revenue | EUR 41.8 mln | EUR 43.5 mln | -4.0% |
| EBITDA | EUR 18.6 mln | EUR 13.1 mln | +42.8% |
Electricity produced at power plants controlled by the Company:
| 4 months of 2017 | 4 months of 2016 | Change | |
| Elektrėnai Complex | 17.4 GWh | 45.1 GWh | -61.3% |
| Kruonis PSHP | 137.2 GWh | 180 GWh | -24.7% |
| Kaunas A. Brazauskas HPP | 177.8 GWh | 154.3 GWh | +15.2% |
The main reason for the decrease of sales revenue is a huge decrease of electricity production in Elektrėnai Complex.
Kaunas Algirdas Brazauskas Hydroelectric Power Plant generated a greater amount of energy in 4 months of 2017 because of the flood, which started earlier than in 2016, and bigger water rate in river Nemunas.
The change in EBITDA is significantly stimulated by the fact that in 2017 Company’s revenue from regulated activities was not reduced due to the regulation of commercial production and inspection of the Company’s activity in 2010-2012
Valentas Neviera, Head of Communication Division, tel. +370 670 25997, e-mail. valentas.neviera@le.lt