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DGAP-Ad-hoc News vom 06.03.2020

PJSC Mosenergo Releases 2019FY IFRS Results

PJSC Mosenergo / Key word(s): Annual Results/Annual Results
PJSC Mosenergo Releases 2019FY IFRS Results

06-March-2020 / 08:41 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


 

 

RELEASE

 

March 6, 2020

Moscow

  Mosenergo Releases 2019FY IFRS Results

Mosenergo releases audited consolidated financial statements (prepared in accordance with IFRS) for the 12 months ended December 31, 2019.

 

Consolidated Statement of Comprehensive Income Key Figures, (mn RUR)

2018

2019

Change

Revenue

198,870

189,777

-4.6%

Operating Costs

(127,542)

(127,536)

+4.0%

EBITDA(1)

41,085

21,972

-46.5%

Depreciation and Amortization

(15,177)

(15,359)

+1.2%

Operating Profit

25,908

6,613

-74.5%

Profit for the Period

21,405

9,599

-55.2%

(2) Calculated as "Operating Profit + Depreciation and Amortization"

 

Mosenergo revenue for 2019FY decreased by 4.6% year-on-year, down to RUR 189,777 mn. The reason for the decline was lower revenue from capacity sales (-24.7%) on the back of capacity supply agreements expiry for three units, as well as lower revenue from heat sales (-5.3%), resulting from warmer weather in 2019 heating season. The revenue decrease was partly counterweighted by electricity output growing by 3.1%.

Operating costs increased 4.0%, up to RUR 179,290 mn.

EBITDA amounted to RUR 21,972 mn (-46.5% year-on-year).

Mosenergo IFRS profit for 2019FY decreased by 55.2%, down to RUR 9,599 mn.

 

MOSENERGO PR DEPARTMENT

Tel.:

Fax:

Е-mail:

Website:

(495) 957-1-957, ext. 2282, 2290

 (495) 957-37-99

[email protected]

http://www.mosenergo.ru

 

 


06-March-2020 CET/CEST The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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