Lietuvos Energijos Gamyba, AB, preliminary financial results for 2 months of 2018

| Source: Lietuvos energijos gamyba Lietuvos energijos gamyba

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 2 months of 2018:

 2 months of 20182 months of 2017Change
Sales revenueEUR 21.4 mlnEUR 22.0 mln-2.7%
Adjusted EBITDA*EUR 9.6 mlnEUR 9.4 mln+2.1%



Electricity produced at power plants controlled by the Company:

 2 months of 20182 months of 2017Change
Elektrėnai Complex0 GWh6.1 GWh-100%
Kruonis PSHP83.0 GWh81.0 GWh+2.5%
Kaunas A. Brazauskas HPP86.2 GWh65.2 GWh+32.2%


Water amount in the Nemunas River remained high in first 2 months of 2018, which improved production conditions in Kaunas Algirdas Brazauskas’ Hydroelectric Power Plant and led to the increase of production volumes by 32.2%, compared to first 2 months of 2017. This partially compensated the loss of revenue from the decrease in the income of regulated activities of the Elektrenai Complex.

The adjusted EBITDA of the Company slightly increased. Higher production in the Kaunas A. Brazauskas HPP and Kruonis PSHP compensated decrease in the EBITDA of Elektrėnai Complex due to decrease in the volume of services provided and revenue.

* The Company’s preliminary adjusted EBITDA for 2018 and actual adjusted EBITDA for 2017 are reported after the adjustments made by management by eliminating the impact of one-off factors. These adjustments are made aiming to disclose the results of the Company’s operating activities after the elimination of the impact of non-typical, one-off factors or factors that are not directly related to the current reporting period. All adjustments made by management are disclosed in the Company’s interim and annual reports.


Valentas Neviera, Lietuvos Energijos Gamyba, AB, Head of Communication Division, mobile +370 670 25997, e-mail valentas.neviera@le.lt